The Business Times, 5 August 1997

Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES lOTA (P) Q2JVI2/96 85c SINGAPORE Internet http://www.asial.com.tg/biztimes TUESDAY, AUGUST 5,1997
    13 words
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  • 684 1  -  Court appoints receivers for his assets and those of his wife By Conrad Raj [SINGAPORE] In an unusual move, US investment bank Merrill Lynch has succeeded in getting the Singapore High Court to order its former financial consultant Kevin Wallace to come to
    FILE PHOTO  -  684 words
  • 490 1  -  He is said to be paying for purchase with Cockpit sale proceeds By< Conrad Raj [SINGAPORE] Cockpit Hotel owner. Teo Lay Swee, is the latest entrant to the UK hotel market with his purchase of the Paragon Hotel in London from
    490 words
  • 350 1  -  Weekend note leaves rinffiit market twitcby; KLSE Composite down 2.4% By\ Larry Wee [SINGAPORE] The Malaysian ringgit opened more than 2 per cent stronger in a kneejerk reaction to weekend measures to curb speculation, but closed at M 12.6120 to the US
    Source: Dow Jones  -  350 words
  • Page 1 Advertisements
    • 32 1 HHDH Psr natal watolMrs, kwptaf taUonUßA's price indkaatmtmougL Hup should riao Imp an aya an the financial tkaafth V JBL Cfeftrf asMcutiw Rvnu ■on uiii* ■mm »jui zr* 10 14 «IS in
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    • 64 1 Ready for a dose of the INF [BANGKOK] Thai Finance Minister Thanong Bidaya speaking to reporters yesterday after a news conference at Government House here. Mr Thanong said Thailand was still in talks with the International Monetary Fund but the framework of the basic rescue package for the Thai economy
      64 words
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  • SINGAPORE AT HOME & ABROAD
    • 343 2  -  ItstwiS^irtpluti now produce over 59% of its total I disk media output By, Jennifer Lien I j BY December, disk drive giant Seagate Technology will have invested an additional US$lOO million (*****.6 million) in its I two Singapore media plants, bringing its
      343 words
    • 469 2  -  He says the diplomacy fb based on achieving Jconslniclive outcomes ;L By] Louis Beckerling foreign miniswber Alexander Downer was applauded by his Singapore auJjience last night for defending 9b fresh approach to promoting jttiuman rights in the region. jjS The applause came during
      ENRIQUE SORIANO/ST  -  469 words
    • 358 2  -  EYE ON THE ECONOMY Currency to Eugene Low THE Singapore dollar is expected to remain weak in the second half of this year, according to a Vickers Ballas Investment Research report. The broking firm says the Sing dollar will "continue to be negatively
      Source: Vickers Ballas  -  358 words
    • 258 2 TROUBLED broking house Alliance Securities is making do without an equities research team since its last research analyst left last week. The company has hit on hard times since it became the subject of an investigation by the Stock Exchange of
      258 words
    • 574 4  -  Roand-table gats advice from an Asean elder and hoars of challenges facing the grouping By Yang Razali Kassim IT's a pity that former Singapore foreign ministers Rajaratnam wasn't around. Of the two surviving founding members of Asean, only Thanat Khoman of Thailand was present at
      574 words
    • 448 4  -  Among his posers Will Ase&n's cohesiveness fray? By Yang Razali Kassim [SINGAPORE] Asean needs to tackle four new challenges in the new millennium, said Singapore's Foreign Minister S Jayakumar. Setting the backdrop for the "L6ok back, look ahead" meeting on the 30th anniversary of
      448 words
    • 331 4  -  Meve fellows rival SnnPage's tie-up with 7-Etaren outlets By 1 Teh Hooi Ling HUTCHISON Paging seems to have taken a leaf out of competitor Sun Page's book selling pagers through non-tradi-tional sales channel. The company hooked up with Watson's Personal Care Stores and
      331 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 278 3 Centennial *OW K R 'Persistence of Electrical Nymphs in Space' by fames Rosenquist at South Lobby of Centennial Tower |p^ MAN'S ART INSPIRES MAN'S ACHIEVEMENT 8® "Inspired works of achievement, genius and imagination" fittingly is an awe-inspiring work of art in itself. Endowed with such 111 escr^e e distinctive murals
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  • Page 4 Advertisements
    • 567 4 Do you have a Tom Yum gameplan? DBS Bank at Singapore fa take SO per cent stake la Sri Dhana Flaaace... —"> KL'a Amateel Seearltlea ta bay Bangkok'a First Aala SaearlUea... Malaysia's Maw Straits Tlmea te take over Thalland'a CMIC Flaaaee... For these fleet-footed non-Thai companies, the Thai erlala IS
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    • 1263 4 "T* •.*> CM TELECOM INTERNATIONAL LIMITED (Incorporated in Bermuda with limited liability) Notice of Annturi General Meeting NOTICE It HEREBY GIVEN that lw Annual General Mooting ol CM Telecom toMnatkxwi UraAod wfl bo hold at The RNz Carton, Mlonio Singapore, MBonia 4,7 Raflloo Avenue, Singapore *****9 on Friday, 29th AuguoL
      1,263 words

  • Page 5 Advertisements
    • 192 5 Ilßa^;y£ vf-Vo- -V: V- v ■j^t- mam ■fL.• ji j*' p «j 1 *Frv> --?»L ItTjrfir' *\T *t f M trl '\"K t y*»y y f rl M44|4fT^'*"-^^^- —rrmi i% r~tgv a_i^ltrnJUD— 1 Wlifc-TlCTB>Mw»g-«M j^fefer^^dK^sIt H V 4 fc 5 It's Mobil's Raven, and inside the hull that keeps Even
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  • FOCUS: PROPERTY
    • 1494 6 Extracts of the National Development Minister's speech in Parliament last Monday IF WE were starting the public housing programme from scratch, I would be inclined to adopt the one-bite-of-the-cherry approach. It would be simple to understand and easy to implement. Although not so
      FILE PHOTO  -  1,494 words
    • 265 6 THE government will not interfere with the private housing market in as far as target price is concerned. That's not our job. Our job is to ensure that there is indeed a long-term supply of private residential properties. We have no fixed target of ratio
      265 words
    • 295 6 THE government's pricing policy for HDB new Hats is to set the selling prices of new HDB flats such that 90 per cent of new Singaporean households can afford at least a 3room flat, and at least 70 per cent of new households can
      295 words
    • 631 7  -  THBMLOFHRTT OOLUMM Key may lie In developers'financial health rather than URA price Indices By Lee Han Shih JUST how distressed is the private housing market? Is it heading for a collapse, as predicted by the Real Estate Developers' Association of Singapore (Redas); or are prices poised for
      631 words
    • 437 7  -  Manhattan homes will sustain yield* in coming jean: agents By- Abdul Hadhi [SINGAPORE] New York is poised to become the "flavour of the month" for local investors seeking overseas residential property. According to veteran Manhattan property broker Mika Sakamoto, senior vice-presi-dent with the
      437 words
  • Page 6 Advertisements
    • 582 6 LAND AT EQUATORIAL SITE FOR SALE BY TENDER Location Junction of Bukit Timah Road and Stevens Road. Near to Singapore Chinese Girls' School, Anglo Chinese School and new campus for Raffles Girls' Primary School (former NJC site). Easily accessible and near to private clubs and Orchard Road Description Prime Condominium
      582 words

  • Page 7 Advertisements
    • 454 7 I\s-* •Land area: 26,863 ft 2 Plot ratio 2.8 Height Control: Up to 30 storeys Investment Sales nivixinnKaramjlt Singh 320-3529 Lim Gnee Kiang 320-3526 Ng Seng Tat 320-3528 LaiGinYee 320-3530 Ho Eng Joo 320-3525 Yong Ckoon Fah 320-3527 If you have found something, you can advertise for free in Classification
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    • 57 7 ■HH Prominent frontage at the junction of Neil and Craig Road. 9 Unique architecture, distinctive turret WHm Walking distance to Outran Tl Tanjong Pagar MRT Stations. Land Area Approx. 978 m 2 gPTI 10,527 ft 2 GFA: Approx. 25,000 ft 2 ■HHH Leased to reputable tenant INVKSTUFMT SAI KS mwc/nv
      57 words

  • SOUTH-EAST ASIA
    • 308 8 KUALA LUMPUR Jane gap the largest in years; analysts concerned with slow export growth AFP Bloomberg MALAYSIA posted a trade deficit of Ms2.B billion (511.6 billion) in June, reversing May's surplus of M 1156.2 million, the statistics department said yesterday. June's deficit was
      AFP; Bloomberg; Source: Bloomberg  -  308 words
    • 335 8 SINGAPORE Reuter THAILAND'S financial woes and Cambodia's political crisis could spur Asean to greater economic deregulation and regional cooperation, a consultancy report said yesterday. The Hongkong-based Political and Economic Risk Consultancy (Perc) said it was extremely significant that the downward pressure oh most Asean
      Reuter  -  335 words
    • 169 8 PHNOM PENH AFP DEFIANT Cambodian Second Prime Minister Hun Sen yesterday said he would not back down from a pledge to put his ousted co-premier on trial if he returns to the country. The tough comments came two days after a
      AFP  -  169 words
    • 420 8 IMPACT OF CURRENCY TURMOIL Central banker says aid package could be painful for public AFP THAILAND announced yesterday that an International Monetary Fund (IMF) economic aid package likely to prove pa infill in the immediate term would be presented to the cabinet today.
      AFP  -  420 words
    • 473 8  -  KUALA LUMPUR From] Meera Tharmaratnam THE Malaysian central bank's strategy to cap the base lending rate (BLR) may lessen the pressures on borrowing costs, but economists warn that the measures could have negative side effects on the economy. Banks, which are
      REUTER  -  473 words
    • 433 8  -  KUALA LUMPUR From Eddie Toh INVESTORS yesterday continued to cash out of the Malaysian stock market due to the latest capital control measures unveUed by the Malaysian central bank and analysts said the medium-term outiook remained uncertain. Besides Bank Negara's move to
      433 words
    • 375 8  -  SINGAPORE BacMt MUdown tt S$ irratimuU, aays London research firm By Ven Sreenivasan SINGAPORE will continue to be a safe haven in the turbulent seas of Asia's currency crisis, says London-based financial research firm Independent Strategy. In its July 29 bulletin entitled Singapore: Sun
      375 words
    • 162 8 MANILA AFP, Bloomberg PHILIPPINE industries yesterday warned of a recession if the monetary authorities failed to stop a further slide of the peso. Manufacturers "will be forced to scale down their production output and prices will go up", Raul Concepcion, president of the
      AFP,; Bloomberg  -  162 words
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  • CHINA-HONGKONG-TAIWAN
    • 406 9 BEIJING Move will make the setting of monetary policy more stable, say analysts Reuter CHINA has taken a bold move to reduce political influence in setting money supply by creating a special policy body modelled after the US Federal Reserve, analysts
      Reuter  -  406 words
    • 305 9 HONGKONG AFP HONGKONG'S real gross domestic product (GDP) growth roee In the first quarter of the year to 6.1 per cent year-on-year, official data said yesterK The Census and Statistics Department, meanwhile, said that real GDP growth for 1996 was revised downwards from 4.7
      AFP  -  305 words
    • Article, Illustration
      67 9 [BEIJING] A man trying out the steering of a tricycle at a suburban sidewalk store in western Beijing yesterday. The steel-pruned, Chinese-made trikes feature a troy which can be used to carry produce or transport people and are a cheaper alternative mode Of transport for people who cannot
      REUTER  -  67 words
    • 572 9  -  um rmoH TJJPB MPs bo loaffar bnmime to amitt charges By Bruce Cheesman TAIWAN'S legislators, notorious throughout Asia for their pugilistic proclivity, will now have to be on their beet behaviour in Parliament Parliamentarians In Taiwan are more noted for their Jabs and left hooks
      572 words
    • 237 9 HONGKONG AFP CHINA is expected to let foreign companies operate or have direct stakes in its telecoms market by around 2010, it was reported yesterday. "I think conditions will be ripe in about 2010 or it could be quicker than we think"
      AFP  -  237 words
    • 180 9 BEIJING Bloomberg CHINA cut off-peak rate* for International phone calls as much as 40 per cent on Aug 1, the second time In a month officials have reduced International calling charges. Han Songlin, chief of the ministry's international communications department, said
      Bloomberg  -  180 words
    • 147 9 UHONGKONG AFP CRITICS of former Hongkong governor Chris Patten erupted with glee yesterday at a British government inquiry into allegations that he had leaked official secrets to a journalist. Just Ave weeks alter Hongkong's last governor ended his mission on a moral high
      AFP  -  147 words
  • Page 9 Advertisements
    • 85 9 Suitable for 1-20 Man Operation Fully furnished office suites Secretarial services Telephone answering services Conference rooms Call 423 0610 Fax 438 0681 E-mail batteryQcentrako.com.sg CENTRAKO TUng Centre 1,566 sf Parkway Parade 1,592.48 sf/3184.96 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
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  • ASIA
    • 442 10 E CANBERRA Access Economics sees growth accelerating from 24% Reuter AUSTRALIA'S economy is set for a strong pick up in growth, with an imminent recovery, falling unemployment, steady inflation and a recovery in the retail and manufacturing sectors, a leading forecaster said yesterday.
      Reuter  -  442 words
    • 300 10 SEOUL But extra bail-eat loans suspended mien Kia directors resign AFP, Bloomberg CREDITOR banks of the nearinsolvent Kia Group yesterday decided to give the group two months until Sep 29 before declaring the group insolvent, Yonhap News Agency said. But the
      AFP,; Bloomberg  -  300 words
    • 266 10 SEOUL FT CREDITOR banks for Hanbo Steel will try to auction the Korean company's bankrupt steelworks next week, having rejected a 2,000 billion won (553.3 billion) joint offer by Pohang Iron Steel (Posco) and Dongkuk Steel as too low. The creditors, led by Korea First
      FT  -  266 words
    • 46 10 [AUCKLAND] Fireworks and laser light crowning Auckland's newly opened Sky tower on Sunday. The 328-metre high tower is the highest in the southern hemisphere and stands taller than the Eiffel Tower in Paris. The tower cost US$4B million (5570.5 million). REUTER
      REUTER  -  46 words
    • 201 10 DHAKA AFP THE underground economy alone accounts for nearly 23 per cent of Bangladesh's gross domestic product, a study published here yesterday said. 'The underground economy has been using an increasing share of government resources at the cost of the formal economy,"
      AFP  -  201 words
    • ASIA Notes
      • 67 10 Reuter [SEOUL] North and South Korea yesterday linked up theiij public telephone lines for the first time since the Korean peninsula was divided at the end of World Warn, Seoul officials said. The lines will allow South Korean workers i preparing to build nuclear power
        Reuter  -  67 words
      • 92 10 Reuter [CANBERRA] Australian Prime Minister John Howard yesterday announced his own home page on the Internet to provide instant access to his speeches and media interviews, as well as information on government policies. "The new home page covers information of use to Australians
        Reuter  -  92 words
      • 86 10 Bloomberg [SEOUL] South Korea's foreign exchange reserves rose for a fourth month, thanks to a narrowing current account deficit, the Bank of Korea said yesterday. The central bank said foreign exchange reserves reached U5533.6 billion (Ss49 billion) at the end of July,
        Bloomberg  -  86 words
    • 271 10 NEWDELHI OoalitiMigNtseMld fall apart any time', state govts told AFP INDIA'S autonomous poll watchdog has asked state governments to be prepared for early parliamentary elections, The Times of India reported yesterday. Election Commissioner GVG Krishnamurthy said all states should revise voters' registers
      AFP  -  271 words
  • Page 10 Advertisements
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    • 157 10 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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  • THE WORLD
    • 264 11 LONDON Reuter BRITISH companies are tuning in to weather forecasts, not to find out if employees need to grab an umbrella as they head to work, but to help predict consumer trends a move that is saving them millions of pounds a year. "Using detailed
      Reuter  -  264 words
    • 480 11 WASHINGTON Unexpected Jane fall takes spending to lowest level since Jan Bloomberg US CONSTRUCTION spending unexpectedly fell 1.1 per cent in June to the lowest level since January, another sign the economy slowed in the second quarter. Spending fell to a U*****.5 billion (SsB7o billion)
      Bloomberg  -  480 words
    • 313 11 LONDON AFP BRITAIN's rejuvenated ruling Labour Party has been damaged for the first time by a suicide, a divorce and a question of shared loyalties. Yesterday, Labour appeared to have calmed shock waves that spread following the announcement of Foreign Secretary
      AFP  -  313 words
    • 279 11 WASHINGTON Reuter AN adviser to President Bill Clinton said yesterday that the U*****.5 bUlion (Sss4l billion) tobacco deal between states and the tobacco industry needed to be toughened to include stiffer penalties against tobacco companies. The White House also wants greater power given to
      Reuter  -  279 words
    • 494 11 MOSCOW Price stability, controlled inflation allow reform: Yeltsin Reuter RUSSIA will knock three zeroes off its bloated rouble from the start of next year now that the hyper-inflationary price rises of recent years are history. President Boris Yeltsin said
      Reuter  -  494 words
  • Page 11 Advertisements
    • 41 11 •n? m y.b* -Hiu-i" Mr > iM ill* I He's driven by intensity; like most of us. But what comfort it is to have simple solutions. Nothing complicated. Just good sense. He's got Ml. Singapore talking 'S-.? v, WO _J jj i
      41 words

  • EDITORIAL & OPINION
    • 813 12  -  BOTTOKLXHB OPINION By Larry Wee The writer is a BT senior correspondent THE GENERAL impression seems to be that foreign currency traders are typically overpaid and boorish, given to loud exaggeration and conspicuous consumption thanks to the likes of Nick Leeson So very few
      813 words
    • 130 12 This is a US$5O billion (5573.3 billion) windfall to the tobacco industry.' US Senator Bfehard Dnrbin after congressional allies of the tobacco industry succeeded in getting a tax break into the US$95 billion tax<ut package Congress passed that could be worth billions of dollars to tobacco companies.
      130 words
    • 603 12 EDITORIAL US PRESIDENT Bill Clinton and the US congress want Americans to join the celebrations taking place in Washington this week to mark their agreement on a fiveyear plan to "balance" the Federal budget for the first time in 30 years. The accord, aimed at reducing
      603 words
    • 1107 12  -  Crisis triggered by overvalued currency ami lfiA lending that followed Urge capital inflows By, Jeffery Sachs The writer is the director of the Harvard Institute for International Development Financial Crises in Emerging Markets: The Lessons From 1995. Brooking Papers Economic Activity 1996, II Financial Times THE recent
      Financial Times  -  1,107 words
    • 839 12 AS THAILAND prepares to swallow the unpalatable medicine prescribed by the International Monetary Fund, the pressures that have toppled a succession of South-east Asian currencies recently seem to be abating. But history suggests it is only a matter of time before another victim finds itself in
      839 words
  • Page 12 Miscellaneous
    • 38 12 DOOMESBURT By Garry Trudeau K& STARR,ON THeXI J CAN 7BLL MX/ ONB CUTB ANP 1 pane*Bus/Ne9s. f] snow, THOJGH. agave- I TURNING, ANP THEN SHOT/ 11 I NING BILL FELL ASCSeP I J f 'LAR6B FRJeS?\ Smsm f
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  • Page 13 Advertisements
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  • Page 13 Miscellaneous
    • 772 13 TV&RAPIO 4* mm 1030 News 5 Tonight. 1130 TV Innovations. 11.00 Pgrspective. L3O AM Close. 2? T.Y ova ons 1L45 Tuesday Feature True mm ~J ~T 2.30 The Winners. Colours. -WWW I QWmm I 3.00 Money, Money, Money. L4O AM Remington Steele 12.00 PMNews. a. <1 I 330 How To
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    • 201 13 CRYPTIC CROSSWORD 7 Possess the vocabulary to —IHl—H__H conduct a quarrel (4,5) fl* I I I II 9 I 8 Diplomacy keeps one silent ■B ——HI 10 Exhaust scholar's range of 110I 10 I I I I I knowledge (6) U— 11 Am round, queuing to take 12 More competent
      201 words

  • EXECUTIVE LIFESTYLE
    • 925 14  -  Japanese, long accepted as models of filial piety, are witnessing a rapid change in attitudes towards the elderly, says Nicholas norm NICHOLAS KRISTOF NYT WHEN she married 56 years ago, Mrs Kanbe recalled softly, she lived with her husband's parents and cared for them as
      NYT; FILE PHOTO  -  925 words
    • 658 14 COMPUTER GAMES Mew faaaratten fIUM Areata are Jammed with players sold on high-tech fantasy NYT [NEW YORK] At Wizards of the Coast Battletech devotees encapsulated in simulators with the size and complexity of jet cockpits are barking warnings to teammates
      NYT  -  658 words
  • Page 14 Advertisements
    • 102 14 BXBCUWVE Appointments To advertise call toll-free 180CK*****83 CAREER OPPORTUNITIES IN M m INDONESIA 41 The largest rapidly growing stock exchange firm in g Indonesia is looking for qualified candidates with k& ;v university degree for the following positions: H W SENIOR RESEARCH ANALYST INSTITUTIONAL SALES Degree in Finance or Accounting
      102 words

  • COMPANIES & MARKETS
    • 315 15  -  ItfßOfttosupend HISC, Keftsertftm, Diperdana trading for five more days From Eddie Toh ito Kuala Lumpur Businessman Mirzan Mahathir is expected to seal the deafllo buy a big chunk of naH lipping company Maiternational Shipping tion for about Ms 2 bil.l billion) soon.
      315 words
    • 152 15 [SINGAPORE] Diversified construction group Wee Poh Holdings yesterday said its subsidiaries Wee Poh Construction and W P Piling have clinched contracts totalling $32.4 million in value. An associate company, OVM Prehas also secured a job about $460,000. Wee Poh Construction won a $K£ million
      152 words
    • 445 15 Bank hopes to deepen S*pore's bond market, earn fatter fees Bloomberg [SINGAPORE] DBS Bank plans to seU more securities backed by corporate bonds, following the successful sale of such securities linked to Teledata bonds. DBS said last week it sold all
      Bloomberg  -  445 words
    • 899 15  -  HOCK LOCK SIEW Lee Han Shih IT IS time for dual listing of Foreign and Local shares to be scrapped. But who is to do it, and how? Dual listing on the Stock Exchange of Singapore started in May
      899 words
    • 223 15 ISINGAPORE) Despite a 17 per cent drop in turnover, Indone-sian-linked United Pulp Paper (UPP) achieved an 89 per cent surge in after-tax profit to $1.72 million for the half year ended June 30,1997. The company's strong performance was largely due to its main
      223 words
    • 531 15 Ex-directors allegedly aware off poor ties whoa nailing shares The Straits Times [SINGAPORE] Amcol Holdings' key Japanese partner Tetsuro Funai did not wish to deal with a new batch of shareholders led by Indonesian Henry Pribadi, it was revealed during an insider
      The Straits Times  -  531 words
    • COMPANIES
      • 600 16  -  ItpaysUSs7Bmfor 51% stake in the bankrupt US luxury specialty store From'. Loh Hui Yin in Hongkong DICKSON Poon, the Hongkong retailer with the Midas touch, has won control of the bankrupt American luxury specialty store Barney's Inc. paying US$7B million (Sslls million) for a
        FILE PHOTO  -  600 words
      • 190 16 Asia Pulp Paper buys 4.36% of Indah Kiat Bloomberg [JAKARTA] Indonesia's PT Purinusa EJca Persada sold 4.36 per cent of PT Indah Kiat to Singapore-based Asia Pulp Paper Ltd last week. Purinusa sold 230 million Indah Kiat shares to Asia Pulp Paper, Indah Kiat said in a statement to the
        Bloomberg  -  190 words
      • 271 16 Courses to prepare US-bonnd students for entrance tests [SINGAPORE] Times Publishing Group subsidiary Advanced Training Techniques (ATT) has landed a franchise from The Princeton Review (TPR), which offers courses to prepare students for US university admission tests. Under the 10-year agreement being signed
        271 words
      • 349 16 It will redevelop HE godown; plans to replenish land bank AFX-Asia [HONGKONG] Kerry Properties Ltd deputy chairman Edward Kuok said the company is looking at a Beijing low-cost housing project, which will take one to two months to finalise. The company also said it
        AFX-Asia  -  349 words
      • 390 16 Ekran chairman says problem is in wording of ABB contract AFP [KUALA LUMPUR] Malaysia's massive U555.44 billion (SsB billion) Bakun dam project is facing a funding problem involving a contract signed with Swedish engineer Asea Brown Boveri AG (ABB), reports said yesterday. Ting Pek
        AFP  -  390 words
      • COMPANY Briefs
        • 52 16 [SINGAPORE] Creative Technology is rewarding its with a special bonus totalling US$lO million (S$l4J million). The bonus, which has been approved by Creative's board, will be paid to staff in its 23 worldwide offices for helping the group to achieve its recent dramatic turnaround, said chairman
          52 words
        • 76 16 [SINGAPORE] Vickers Ballas has agreed to buy a 1 one-third stake in Ashoka Fund Ltd (AFL) for just under US$lO million (Ssls million). It said yesterday that it had paid for 100 of the 9,996 AFL shares of US$l,OOO each that it will subscribe for. In
          76 words
        • 40 16 [SINGAPORE] Lu Hong Fei has relinquished his post as president of Coeco Investment but will remain as director. Wang Lu Jun has been made chief executive officer and will take over the duties of the president.
          40 words
        • 22 16 [SINGAPORE] Osprey Maritime has appointed Charles Klotz as director. Mr Kk)tz, 55, is the chairman of GL Holdings Corp.
          22 words
        • 94 16 Bernama [KUALA LUMPUR] Technology Resources Industries Bhd (TRI), the parent company of Cellular Communications Network (M) Sdn Bhd (Celcom), has posted a 42 per cent rise in interim pre-tax profit to M$22D million (Ssl23 million). Group turnover swelled 45 per cent to Ms96B million
          Bernama  -  94 words
        • 144 16 Bloomberg [MANILA] Philippine Long Distance Telephone Co (PLOT) said it would receive up to US$66.l million (Ssloo million) less revenue from international calls this year if AT&T Corp wins a 30 per cent rate cut. AT&T proposed cutting the accounting rate—the rate that carriers
          Bloomberg  -  144 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 823 17  -  HONGKONG HSBC Investment Banking's net falls 33%; other major imits post positive results By Quak Hiang Whai HSBC Holdings pic yesterday unveiled an 11 per cent increase in net profit to £1.757 billion (554.2 billion) for the six months ended 30, 1997, well within market
        AFP; Source: Bloomberg  -  823 words
      • 458 17  -  New savings from US budget deal set to flood bourse next Jan By\ Siow Li Sen [SINGAPORE] Try to get into US stocks by November or December because come next January, billions of dollars in new savings thrown up by last week's US
        458 words
      • 286 17 BA Q1 profit falls 36% on strong crew strike Bloomberg [LONDON] British Airways pic's first-quarter profit before a one-time gain fell 36 per cent, hurt by the stronger pound and lost bookings from a cabin crew strike. Profit for the three months ended June 30 before the gain was £74
        Bloomberg; Source: Bloomberg  -  286 words
      • 221 17 AFP [HONGKONG] The Hongkong stock exchange is "seriously considering" taking further action against companies which repeatedly fail to provide adequate price-sensitive information in a timely manner, the exchange's top official said yesterday. Alec Tsui, chief executive of the Stock Exchange of Hongkong, said in
        AFP  -  221 words
      • 523 17 He is said to be keen nn Tiflgfman chief for CEO FT. Bloomberg [SAN FRANCISCO] Apple Computer's management melodramas are set to continue this week amid speculation that the struggling personal computer pioneer will add some "big names" to its board of directors.
        FT.; Bloomberg  -  523 words
      • 259 17 Bloomberg THE Tokyo Stock Exchange said it will need to conduct an overhaul of its trading system to prevent computer problems from causing the entire system to shut down, as it did on Friday morning. "We intend to raise confidence in our system by
        Bloomberg  -  259 words
    • FINANCE & COMMODITIES
      • 433 18 It will switch from regional to global structure to help it fight Western banks FT [TOKYO] Nomura, the disgraced Japanese securities company, plans to restructure part of its overseas operations in an effort to compete more effectively against Western investment banks. The revamp
        FT  -  433 words
      • 58 18 [LUPENI, ROMANIA] Romanian President Emil Constantinescu addressing miners at the entrance of Lupeni coal mine last Saturday during celebrations of the 1977c0al miners'strike. Around 45,000 miners from Jiu Valley, 350 km south-west of Bucharest, started a strike for better living conditions in 1977. That was
        REUTER  -  58 words
      • 543 18 Fluids and govt taking steps to reshape industry Reuter [TOKYO) When Japanese think of commodity futures, many still recall the case of an Osaka commodity broker who was stabbed to death in public 12 years ago after fleecing thousands of investors in a
        Reuter  -  543 words
      • 103 18 FT [SHANGHAI] Imperial Chemical Industries has won Chinese approval for a US$4OO million (SssBB million) joint venture in Shanghai, paving the way for the largest chemicals venture in the city and one of the largest polyurethane plants in the world. The deal is part of
        FT  -  103 words
      • 293 18  -  Typical claims are improper trading, dispute over fees By Soh Tiang Keng [SINGAPORE] The Chubb Group of the US yesterday launched the first insurance policy here that covers liability of fund management companies and unit trust trustees. The policy, called the Unit Trust
        293 words
      • 184 18 Bloomberg [TOKYO] Sanyo Securities Co said nine life insurers agreed to extend repayment of 20 billion yen (***** million) in loans for three months to Oct 31.1996. Sanyo borrowed the money from the insurers in 1994 to pay for losses on speculative loans it made
        Bloomberg  -  184 words
      • 243 18 SOKBLReport Reuter [SINGAPORE) Simex Euroyen futures slipped back from their highs yesterday as Nikkei cash and futures markets staged a partial recovery before the close. "When the Nikkei collapsed, everyone was expecting a rally in Euroyen. But it didn't materialise. So those who were holding
        Reuter  -  243 words
      • 159 18  -  MS<3 TAIWAN FUTURES -By Perry Gilbert Perry Gilbert, vice-president, Rtfco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures contract closed lower yesterday, on profit-taking. Major sellers were Merrill Lynch Futures, UOB Bullion Futures and Refco Singapore, while BZW Futures was a noted buyer.
        159 words
      • 247 18 ENERGY REPORT Bloomberg (NEW YORK] Crude oil could fall this week if the United Nations approves an Iraqi humanitarian aid distribution plan, paving the way for a resumption of limited Iraqi oil exports. UN officials said last week the plan could be
        Bloomberg  -  247 words
      • Article, Illustration
        1060 18 OtTERBAJf* CROSS RATBS Augj ss *2 J jagj JS JJSSJiJS J3JS5 J»« Can* iffl 4.020 OJM 4J5J UM 14M ***** 8JM 0J57 14)9 UK U24 29J97 2L0M 1042 3J78 UMMJM HM Mfl HIM 1 sr astsaASSssis&fistss tarn 028 02» 1323 UN 0297 1232 IMS 4137 180 UB 148 0247 14M
        1,060 words
      • 270 18 Reuter New York THE US dollar opened higher versus the mark as momentum from a strong US employment report and doubts that the German central bank will act to curb the pair's heady rise persisted. But the US dollar was well off its overnight high of 1.8730, the
        Reuter  -  270 words
    • 1374 19 BOflMfUTUIB Aug 4 IWiei (M*w dwN SJdie) ISS1 CONTRACTS cwti/k«) Oom Votam Op** wgj wt tt—M) IrtfKt 97 09.00 595 Oct 97 K3J5 V425 Ko* 97 144.25 M7S 0* 97 ***** 148.00 (48.00 400 1825 JWIMr 91 154.50 ***** 154.00 MO 4950 AprAta 91 B8JQ 157.00 157.50 900
      1,374 words
    • 1956 19 91* u<**rru-«oo unr u Part*: CAC-40 2.992.41 -*?03 StocMwMcOMX unav Frankfurt OAX 4M.*4 -MM ►nil* HIM ma* W*e W-16 unav Amctortfam: AU mm Zurich: 1M Xm.00 -OTJO MMV *aai v«» o—> Toronto: TU Canty 44SU4 -2U4 NMVantOn.Jma DM.04 -2857 LONDON A *"T- t. N< hn» 31 Group
      1,956 words
    • 1551 19 AFP Q Nikkei 225 -***** SHARE prices closed lower yesterday as foreign investors took profit on blue chips in the absence of buying interest, brokers said. "Although high-tech issues had been bought mainly by foreign investors, their trading stance towards the sector has started changing, with active profit-taking emerging,"
      AFP  -  1,551 words
    • Article, Illustration
      1549 20 Bloomberg □HmgSeng -11M3 STOCKS took the biggest tumble in more than two weeks yesterday as doubts grew over whether profits at banks will top investors' expectations. HSBC Holdings and Hang Seng Bank, which reported six-month profit after the market close yesterday, paced the decline after rising to record highs
      Bloomberg  -  1,549 words
    • Article, Illustration
      650 20 Reuter +<U3 THE Shenzhen B share market ended slightly firmer yesterday, buoyed by a strong rise in television tube maker Shenzhen SEG. The B Index inched up 0.03 point to 130.89 on turnover of HK$45 million. The domestic A share market gained 4.53 points to 413.99 on turnover of
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  650 words
    • 399 20 AFP HwpMg *im STOCKS rose yesterday as investors pursued low-cost textile and electrical issues. "The rally was mainly driven by buying of bargainpriced textiles and electricals," said a broker. The Weighted Price Index gained 16.86 points to 10,065.76. Turnover was 2.79 billion shares worth NT5216.35 billion. Falls beat risers
      AFP  -  399 words
    • 258 20 Bloomberg n Wellington -ISJS SHARES fell yesterday after a decline in US bonds weighed down on domestic bonds. The NZSE Top 40-share Index fell 15.85 points to 2,558.78. Decliners outnumbered advancers by 20 to 15. Bloomberg «a rww A*Z 12.00 -0.30 6196 ASvontogot HldQS 1.01 -0.04 ***** Air New
      Bloomberg  -  258 words
    • Article, Illustration
      824 20 AFP HSETMat +IL7B SHARE prices gained 1.8 per cent yesterday ahead of the cabinet's expected approval today of an economic aid package from the International Monetary Fund. An analyst said sentiment was supported by progress on the government's negotiations with the IMF even though a package has not been
      AFP  -  824 words
    • 404 20 AFP POwnpoßtoliig +3.7t SHARE prices rose in thin trade yesterday, amid a mild rally among blue chips and second-liners with strong earnings prospects. Shares traded in a tight range throughout the session on investor concerns over the uncertain future of the Kia group, while declining deposits for stock-buying kept
      AFP  -  404 words
    • 590 20 AFP QAllOrilMriaß -2L5 SHARES drifted down yesterday on a drab bank-holiday Monday here. "The resource stocks fared better than the industrials and the banks due to some reasonable commodity prices on Friday night," said a broker. The All Ordinaries Index shed 21.5 points to close at 2,706.0. Turnover was
      AFP  -  590 words
    • Article, Illustration
      769 20 Bloomberg nCompoatelndei jjf STOCKS fell yesterday, on concern the rupiah's weakness may prove lasting and crimp corporate profits. "Profits may be eaten up by higher interest costs and forex losses," said an analyst. "The consensus forecast of about 22 per cent average earnings growth for listed companies could fall
      Bloomberg  -  769 words
    • 328 20 AFP Manila *3JB» SHARE prices closed higher yesterday on selective buying. The PSE Composite Index gained 3.89 points to 2,639.53. Turnover was 2.6 billion shares worth 1.6 billion pesos. San Miguel Corp's A shares were unchanged at 37 pesos while its B shares rose 1.50 to 63. Manila Electric
      AFP  -  328 words
    • KUALA LUMPUR STOCK MARKET
      • 270 21 AFX-Asia D Composite Into -2107 SHARE prices closed sharply lower yesterday as investors sold down their positions in the market in order to secure ringgit following Bank Negara's currency swap curbs. The KLSE Composite Index closed down 24.07 points at 978.56. The Emas Index
        AFX-Asia  -  270 words
      • 182 21 4 «j Cwtfrtlwi t 22 0 Try—9 M t sp i 5 Sjl S2* < o Tn«t 1 2 1 MSwmtw* 0 1 0 S23ST 1 "S _T*e H M 71 MCSMtSOC 00*1000 wgwh— H.TO.OOO •wmmmc iOi0M i OOO gaKs='ffli »as W£ IB it IfttofMMcUM 424 74 Slsr==38 3 ••Mljif-.
        182 words
      • 7904 21 INOtnTMALS Cmmmt pnMi 1997 LMt V«4 Day Net Cap Wg» tow cwmn taH •poo wm> Lew P/I |W 790 540 Ajinomoto 560 310 227 0 448 293 Angkesa 302 -2 68 306 302 9.0 445.3 905 610 Apollo Food Hlg 660 264.0 428 189 Ber)aya InO 291 1491.6 765 372
        7,904 words
    • WARRANTS & OPTIONS
      • 224 22  -  WARRANT WATCH By Ven Sreenivasan ONE warrant that looks extremely attractive as a medium-term buy is beverage maker Fraser Neave. A look at the figures reveals why. The instrument, which slipped a cent to $2.97 yesterday, is within a whisker of its 52-week low of $2.90.
        224 words
      • 3359 22 BONOS. LOAMS 1WAMANTS tM7 Last Vol Day Last Ouota Avg High Law St no Company Sala ♦or- COOO) High Low Buyar SaUar Prtea 68 43.5 m 3000 m AM08 C5.5H*****6 43.5 -0.5 30 44 43.5 43.5 45 81 41.5 3160 -Acar ******105$ 63 -2 12 65 63 63 64.5 131
        3,359 words
    • 2166 22 MALAYSIAN STOCKS Gr 6r 1*97 Last V« My Laat Owtl Of* My VM Mat M Cap High taar Stna Compawy Sata fOOO) High Law 8»yar ta»r Cw f/t M 478 270 mi 5000 AISB50c 274 -3 84 276 272 274 280 5.0 4.9 0.5 57.9 2811 137 81
      2,166 words
    • STOCK EXCHANGE Of SINGAPORE
      • 870 23 TUM9VER COOO) VAIUK (*609) 22! 2fi isa S£ SS S2S" tss 3SS TSS £3? 3S As tFS kek: i3 ?s 'as MMng 4N 430 4M |1| BL ?s tg MAM Cti§ TOTAL as= 3 J "3 8 III ssr 1 5 s*° > 3 J ;*e— rtm 374 0 21
        870 words
      • 4132 23 T. l*»« Val Pay Last QmM ow Mv nl Mat Cap A™ HHfc Law 8M<a Ciamay ta» rOQO> HH» La» »far 8a6ar Or |3 Prtaa INDUSTRIALS IS7 m a 1020 ACE Dynamics*Oc 112 -1 430 T» 112 112 ns -114 9L7 IM 5146 ASE NTS10 200 OS- 885
        4,132 words
      • 644 23 LflSt Vfll D#y LMl Om)i Mv YU Mat Cm Ami i® tw»» Cmifiii r »*t ropoi n» in »nw %mm Or pyt |i 342 144 2049 £4 ®J «3 «4 3-0 fcO 0.1 T7S.7 54.7 tM «9 20sf H US J2 320 324 6.6 27.0 369.9 123 «w51 ASJ
        644 words
      • Article, Illustration
        61 24  -  -n Shiv Taneja WINO TAJ ftU four cents yesterday to $3.96 on a volume of 1.94 million shares, compared with its today traded average of just over two million shares. Having /alien below the $4 support level, investors can expect more downside in the days ahead. Those looking
        61 words
      • 197 24 HXLandUSIOc 8,*****0 Ein Zhong 5^06,000 Food&Prop 4.142.000 k MedlOc 3.493,000 HMgs Wt99 3.430.000 Htppel LandSOc 3,210,000 HBf Capital 2.817.000 Wet 15c 2.547,000 Its land 2 .399.000 y»HMgs50c 2^36.000 IMt flCK Foreign 29,923.592 MUndUSIOc 22.944.911 *08 Foreign 14,407,636 SlA Foreign 13.877.930 i«S Foreign 13J75.250 LandSOc 13,862,928 Dm 50c 13.005,783 |M Foreign
        197 words
      • 643 24  -  STOCK MARKET GOKMBMTAXT Brokers attribute the lacklustre session to the lack of fresh news that will spur interest ahead of the reporting season By Ven Sreenivasan [SINGAPORE] Local stocks continued to drift sideways on low volumes amid a lack of fresh leads.
        643 words
      • ON THE GRAPEVINE
        • 116 24 SOM£ people in Raffles Place who have nothing better to do are taking bets on when the Hang Seng Index will meet up with the Nikkei Average. In the early *****, when the Japanese economy was hale and hearty, and Hongkong was still reeling from
          116 words
        • 85 24 A SENIOR English banker told a friend how he received a cunicolum vitae from a Job applicant where, under the marital status heading, the applicant, a Dutchman, had put "Settled with a live-in partner." The suspicion this naturally raised was that the live-in partner was another bloke. Out of
          85 words
        • 132 24 ITS BEEN eight months, and the trouble-maker has not yet been found. IPC Korea's managing director, TH Kim, is apparently still on the run from the Korean authorities after it was revealed that the Korean subsidiary was unable to pay bade its loans. What's more, Mr
          132 words
        • 183 24 IF INVESTORS are looking for farther evidence that investing in Singapore can be a pretty profitable experience, they need only ask Lennie Um, head of investment services at PPM Worldwide. Mr Lim is the frontrunner in Datastream's annua] Fantasy Fund Competition, and he racked up returns of almost
          183 words
  • Page 15 Advertisements
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      188 words

  • Page 16 Advertisements
    • 262 16 BUSINISS The only monthly business magazine that gives you the Singapore perspective of the local and regional business scenes BUSINISS BUSINISS BUSHSISS Makkglt 3f29!&gg£B f Written by the same experts who bring you the BUSINESS TIMES, you can rely on our solid reporting of the important new trends in finance,
      262 words
    • 65 16 SONTEC TOWER ONE \£sBk THE PENTHOOSE FOR COMPANIES WHO NEED 1 1 QUALITY SERVICES. FACILITIES BUSINESS CENTRE I PROFESSIONAL MANAGEMENT >■ Fully Furnished Serviced Offices with Unsurpased Views >■ Multi-lingual Secretarial Support >■ Personalized Telephone Answering >■ 24 Hours Access with Security Cameras >- Flexible Terms >» Conference Latest AV
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  • Page 17 Advertisements
    • 125 17 COLLIERS JARDINE HOTEL SALE APOLLO INTERNATIONAL AUSTRALIA HIGH YIELD. REFURBISHMENT COMPLETED. Mi.it Hotel .Nt wcu't s highest rating h -tel. looted some 10 minutes opobtan tre and approximately Ii hours drive from Sydney's North. Extensive reH.i bishment has recet y been completed ■3 L I oo" s -s cos 191
      125 words
    • 160 17 cS umm er <Spec¥af ENJOY THE FOLLOWING PRIVILEGES FOR JUST RM8998 ONLY Upgraded accommodation in a Deluxe Room Complimentary full brea ktfast Complimentary pressing of 2 items per stay Complimentary Welcome Drink at the Lounge Bar Use of our health club facilities (except massage services) A daily newspaper of your
      160 words



  • Page 20 Advertisements
    • 28 20 ®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 23 Advertisements
    • 73 23 son^° NO BW Ultimate DistMCC Ball* The gradual change in softness from the centre to the outside allows the ball to maintain and convert restoration energy (from ball compression) rfj.ft.flT int the 63,1,5 initial velocit Y Also < Bridgestone's patented high velocity ultrasoft core contributes significantly to strong distance performance
      73 words
    • 8 23 Home Decor For people who love their homes
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  • Page 24 Advertisements
    • 2028 24 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 jBUSIHP 88 Notices To advertise call toll-free 1800-*****83 NOTICE IS HEREBY GIVEN that, I Tay Hwee Yeow of Blk 43
      2,028 words
    • 257 24 In aw Matter of THE COMPAMES ACT, CAP. SO And toawMoaarof NOZAIQ TRADS4G SMQAPORE PTE LTD At an Extraortfcnary Gmnl Mming of NOZAM TRADING SMQAPORE PTE LTD.. duly ooweaned and Md at 100 Jatan Suftvi. #07-00. Sultan Plan Singapore *****1 on toe 17to July 1987. the Special WaaoMßoa Ml out
      257 words
    • 140 24 M IK MATTER Of THE COMPANIES ACT, CAP. 50 AND M THE MAJTOtOf TRADfVINEP|IOD At an Extraordinary General Meeting of Tradevine Pte lid duly convened and held of 12 Prince Edward Rood Bestway Building #02-04 Podium A Singapore *****2 on 31 July 1997, the following Special Resolutions were duly passed:
      140 words

  • SHIPPING TIMES
    • 290 25 Bridge News, Reuter IMPROVED levels were reported on the key US Gulf to Japan grain run with Hanjin said to have booked in tonnage at U5522.75 with combination port discharge, up 25 cents on the last done. Spot physical market appears to be alao finding support or at
      Bridge News,; Reuter  -  290 words
    • 213 25 u vcwtomhmim—1» -aot 3 cmw it» 0.99 -aoos 30 Cote* mvMtifMdt 116 -0.01 6 rrytfWU*. 0.433 -OuOS 133 8tHll—m 0.73 -0.009 9 Hdfc»Hu» UH 0.02 MS HRmMZomh 0.703 undi MCMaMnfi—MM 3.60 0.93 *M)Mnw<_.fcN *0.09 MO giwtfcyr us unch 1269 MtP*FtLS 100 *0J04 79 S«*Wg>rtW L39 -0i02 14 T**».
      213 words
    • 481 25  -  Moves to help reduce port costs for customers and cut red tape By Yong Mei Fong [SINGAPORE] Shipping lines can expect rate cuts and costsavings at Singapore once the Port of Singapore Authority (PSA) corporatises in a few months' time. In a statement
      481 words
    • 76 25 [YOKOSUKA, Japan] The US aircraft carrier Independence is seen at its home port of Yokosuka after an estimated 35,000 litres of oil spilledfrom the 80,643-tonnef/essel. The spill, equivalent to about 200 drums of oil, had not spread outside waters around the US Navy's Yokosuka
      REUTER  -  76 words
    • 218 25  -  By Marcus Hand [SINGAPORE] The Maritime and Port Authority (MPA) is investigating a collision a week ago between a very large crude carrier (VLCC) tanker and a containership in waters outside Singapore port limits. The MPA said that the collision between the 3,169-TEU
      218 words
    • 265 25 AFP [PKRTH] Salvage workers were confident they could save a Stricken iron ore carrier drifting off the Australian territory of Cocos Islands, a maritime rescue official here said. A Singapore-based salvage crew boarded the abandoned MV Goodwill, a Panamanianregistered carrier, on
      AFP  -  265 words
    • 217 25 AFPReuter [RIYADH] The National Shipping Company of Saudi Arabia (NSCSA) announced yesterday an order for three container ships to be built by South Korea's Samsung for a total of US$l27 million (*****.7 million). The ships, each with a capacity of 4,400
      AFPReuter  -  217 words
    • 225 25  -  -By Marcus Hand [SINGAPORE] OT Africa Line (OTAL) is expanding its presence In Asia with new agents in Singapore, Malaysia, Japan and Hongkong. Harpers Shipping has been appointed the agent in Singapore for the line that specialises in shipping to West Africa. Its associate
      225 words
    • 788 26 TWA FLIGHTBOOCRASH: CAUSE STILL A MYSTERY US aviation officials study industry comments and flight test results to decide if fuel tanks should be changed Bloomberg UNITED States aviation officials will spend the coming weeks studying industry comments and flight test results to determine if fttel
      Bloomberg; FILE PHOTO  -  788 words
    • 250 26 PACE Euroltans 6 Ad 11 Ewrgrew AIM. 3 Famous 7 Accord 12 FL-Bri#* 6 AppemNp 5 Astro 3 CUnk Austral 11 U Avmt 6 G B, >W ,9 Globe** 7 QAMM 4 BjftmMo 7 Cum Gum A R'tjno Mm I? crm 7 12
      250 words
    • 14401 32 THEBUSINESSTIMES EXPORT ETA ETA AtfvartlSM- VMS* Ta*a*ona CTA CTA Advarttsar Vassal Vow TaW*ona I SIN Ont'n -HyjilJSjHMSMMnMMnHBnSlS* RMIIIMWWMBIII II wT* I RMMMW. *H I N-aMMWM"* un, »TTT lb BRISBANE (BNE) 2058 A Queensland, Australia To ABIDJAN (ABJ) 2003 «M KM str sum chckianc v» o-izstm i Ivory Coast,
      14,401 words
    • SHIPS IN PORT
      • 658 39 Vtsssj Voy Wo Bftli Arrtvl Piprtw JawiNrt Anongol Pros 07/97 J15 iHngi* 05.08/0100 Asian Imh *704 J0« iMnqsidt 06.08/0700 MM MM *369 J02 itaogsxM 0108/2300 HIvMI 0KM97 J01 Mnguk 06.08/0700 M Soilti *****7 J01 05.00/0000 H YMtiiwi *****7 J01 iloogwl* 04.08/1400 Do* Do 00/97 J07 IIWOlMl 05.00/1200 joco)
        658 words
      • 1595 39 RECEIVING OF EXPORT Fa CONTAINERS AMD LCi CARGO >o»fclw|/Mni tstls Ship Voy Mo Etfc/Btr NrtM Frow T> Frw» id aM 0 JO* OT/OOO I* 04/1900 0VM9I 04/1*00 04/1500 04/1*51 04/1*00 2* 04/000 OVMW MM 2* 04/1700 03/0*54 OVOWO 1 WM (MM W/WI 4 OS/BOO OVMW 05/17W *CX Utac
        1,595 words
      • 170 39 Aagt Croatia: Thanksgiving. am 7 Colombia Anniversary of Battle of Boyaca. Ivory Coast: National Day. AagB South Africa Sikukuu ya Wakulima. Singapore: National Day. South Africa National Women's Day. Aag 12 Thailand The Queen's Birthday. Aaf IS France: Assumption Day. Belgium: Assumption Day. Aag 17 Indonesia. Independence Day.
        170 words
      • 829 39 THIS report, compiled by Cockett Marine Oil Ltd. >bow« price ranges In US dollar* Instead of tingle prices for a more comprehensive description of the market Price* shown are baaed on averagesixed stem Market movemenU are Indicated. The Cockett Bunker Price Index change and the Individual
        829 words
      • 327 39 »0 M«* 9923 0.9 15.4 0.07 15 037 »—*T —tar >wMt Am AIUm Ulmtm Nomm OS 0 1 0 •> «WM MO AM 987.0 0.2 12.5 0.06 39 0.02 M/in J22 mm 0.8 88 l?»" »W »MW %M/M w m mm 635 1 0 0 0
        327 words
    • AIR & LAND TRANSPORT NEWS
      • 547 40 Fears that strike will create chaos in package-shipping business across US NYT [WASHINGTON] The president of the International Brotherhood of Teamsters announced a strike on Sunday night for 185,000 workers at the United Parcel Service after talks faltered in a dispute
        NYT; REUTER  -  547 words
      • 70 40 [MANCHESTER] The British Aerospace ATP (.Advanced Turbo-Prop) plane is towed from the runway at Manchester Airport after it landed with a failed port side undercarriage. Seventy passengers and crew escaped injury when a pilot safely landed their British Airways ATP plane on two wheels.
        REUTER  -  70 words
      • 312 40 TV watchdog says ads most not condone irresponsible driving Reuter [LONDON] Britain's television watchdog has said it upheld complaints against three different car commercials and warned that car ads must not condone irresponsible driving. In its monthly report, the Independent Television Commission
        Reuter  -  312 words
      • 192 40 AFP [NEW DELHI] India is mulling over a plan to set up a new aviation security force for its main airports, the Press Trust of India (PTI) reported. PTI quoted sources at the civil aviation ministry as saying that the proposal, initially involving the
        AFP  -  192 words
      • 113 40 AFX-Asia [NEW DELHI] Air India said it will discuss a US$2 billion (552.9 billion) proposal to buy 23 passenger jets from either Airbus Industrie or Boeing Co, by the end of the month. "Air India will not take much time if
        AFX-Asia  -  113 words
      • 424 40 US may impose sanctions if talks fail to resolve issue Bloomberg [WASHINGTON] US and Japanese government negotiators will attempt to resolve once and for all a longstanding dispute over Federal Express Corp's Asia routes when they meet in Tokyo this week.
        Bloomberg  -  424 words
      • 387 40 [WASHINGTON] An international group of airlines and plane manufacturers said they opposed nearly all the National Transportation Safety Board's (NTSB) recommendations for centre fuel tanks. NTSB made the proposals to minimise the chances of ftoel air fumes igniting and destroying an aircraft
        387 words
      • 108 40 [TAIPEI] China Airlines Co Ltd shares yesterday were higher ahead of the company raising its 1997 pretax profit forecast again, dealers said. At 9.39 am, China Airlines rose 0.60 to 35.00 on a volume of 1.52 million shares while the transport sector was unchanged. The
        108 words
      • 43 40 AFX-Asia CAL said its profit forecast increase has been reported to the Securities and Exchange Commission and accountants are now auditing the new numbers. The company said it will release the new forecast immediately after the audit is completed. -AFX-Asia
        AFX-Asia  -  43 words
      • 128 40 AFX-Asia [TOKYO] Leading car stocks were broadly lower, hit by selling in the wake of weak July car sales data released on Friday, along with a report of Toyota cutting its 1996 sales target, brokers said. In the morning, Toyota was off 140 at 3,370 yen,
        AFX-Asia  -  128 words
      • 1427 40 CITY fUSHT ETA FllOff ET1 VW741 WO W740 MO tMMl Of81 1930 Of12 2055 IWYM T6407 2105 TG406 0620 2220 M895 2150 WW WIS AmsttnUm S0327 0805 GA892 0030 Ma CM MM VN741 1310 GA838 1210 GA897 1045 KLB44 0040 6A839 1705 VN740 1410 KU37 1455
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  • Page 25 Advertisements
    • 18 25 Focus on safety of 8747 fuel tank Cause of TWA Flight 800 crash still a mystery. Page 2
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    • 231 25 DPS workers on strike Fears that strike will create chaos. iMkhp People I j 1 a Algernon Yau Dragonair has appointed Algamen Yau general manager of planning and international art**/; He took over the reins from AugutfusTang on Aug 1 when Mr Tang left the airflne. At the same time,
      231 words

  • Page 26 Advertisements
    • 708 26 wwJfiMiicw uuhim lIIIUQ vtssa vor m m su u vtssa vor xa mm mm km an m mnmitaMmm mwsm u/v 17*7 iJ/w ii/M n/m tmttm m m/m 11/07 n/n 11*7 m/m umsmt oowsjo 11/17 M/ 07 m/m m/w m/m r wiiih—n i« 25/17 m/m m/m n/n m/m ii/m ■lmt sowsm
      708 words
    • 579 26 lAL Container Line (UK) Limited *K Marine Transport Resources'S Pte Ltd Tel 223 8380 F l4 x 223 3387 Have we served YOU yet Why Not Weekly to the Indian Sub-continent and the Middle East I if- EXPOKT -1 kMcJo- 1 xKowFQtoIIOC/NAHA/Se<DAI/CaUACH taoom mm mm mm n* um mji mm
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  • Page 27 Advertisements
    • 1055 27 tkOlfK SOUTH WEST EXPRESS (MRKT) ALSO ACCEPTING MANAUS VIA LAX/HOU 1 VOT HQ. [jllß ISt FTP lAX 1 tW 1 KB) 1 OO 1 MTC I HI I HOII Mt Stt OIIHMUW Olg I M/W W/W 07/ M g/Dt W/W 27/ M 27/ M M/M M/M I 27/ M I
      1,055 words
    • 1447 27 HANJIN SHIPPING USA em*M' I luw iuu./vot um m wk tiw to lew m am [m iww [mm >os wr< |og m mlw m m I hhaw—mu m/m nm m/m m/m w/m nm s\m oi/w m/m 02/w m/w «/w w/w os/w oi/w m/m m/w m/w nm oi/w I N.MSIOIWMW 11m
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    • 103 27 ORIENT EXPRESS UNES (U.K.) LIMITED LULL (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VBSft VOY gjjjWg KMiMY VKStt VOY KMHAY SINGAfOti JUTHA PAR (CHART 005 04/08 11/08 JUTHA PARICHART 004 27/07 04/08 ALBERT BRIDGE 002 08/08 16/08 ALBERT BRIDGE 001 31/07 08/08 OOCL ADMIRAL 004 11/08 20/08 OOCL
      103 words

  • Page 28 Advertisements
    • 952 28 <5r DSHSEHATOR Bli Round the World Container Services FEOMUKACONTINENT imm. wlai in m m tm m mo \liam. Iwrluwlm Ira I irw I nom" m "mSWnSSm —wrm|mm ai* a« mm m m ji m mm mm motor era u r v»r wjt itj; hit n a rmrrmmnt rhtm|iim mm muamonM
      952 words
    • 929 28 I NORASIAI IVSMfI VOY IMN I QQALAS BCL VAL ALO ROT MX ANT POL LMA MSCALEXA W« MM 22M tiM 24M KM UN MM MM 2M 2M* 27M NORFRMOUM *731-3 ISM t*M 2MI 31M MM IM* Ml 11M MM Ml Ml MRHONMOM *7H-3 21M MM MM TM IMI 17M MM
      929 words
    • 468 28 LINII WBr A m> ssimm nuc> uiiNy I MUARA LABUAH vissa vor m m vcssa m n n SWM MMU SPOU IN ma.sum vin/v m/m m/m mmomt vm/»; m/m m/m JWOSW VIM/17 12/01 IS/M IMH VIM/17 »1/M U/M aorr vm/»7 is/m m/m wttaorr v*/w is/m t»/M iwosm vi«/i7 n/« m/w
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  • Page 29 Advertisements
    • 1139 29 haawi. VOY WW POU PKO rg Itw MA mm. ■UK OIMYAAAAT PJL-1249 31/07/97 07/09/97 02/00/97 18/09/97 19/09/97 2XS25S£2at EMfJ! 30/00/97 10/07/97 11/07/97 QHYAMAT PJt-1239 21/00/97 01/07/97 [lAN VA—H ML-1226 10/<W97 0 20AW97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN ft CIS COUNTRIES I.E. AZARBALIAN. ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN.
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    • 501 29 a^w f® \m an ot ho m nan wlmw in on dm on aomwi wc R5 ■SIMM N/IN 11/N IVW fUK/lll} I\/%> 21, 5L i £2 !f2 ares»/wiw 2™ 2m; S3 Va/VOT vrc w ob t» in fw~l kmhnramk uS !S n« M a» MMl*/KW* JVW aw. J$ ?Jj gg
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    • 431 29 (LL. IPERKAPALAN DAI ZHUN A jflJ TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2852 UUm "SiMMii KWCHN+fMSTiST TUMSIT/] -HI HttOHTYBOtTM A ISHSm -j*™" MOOM ***** M/M CM 9752 M/M 0 GRW 97M 07/01 MM 97M 07/ M fl W*lt
      431 words

  • Page 30 Advertisements
    • 1359 30 BmrWVUJMMimifMUMMItM SGP RDM ANW KBG THP ZEE LHV LMV THP RDM ANW HBO PHI SGP E. RESULT RW-015 11/ M 3CM 04/09 01/ M BiflS M/M E GENERAL RE-OSS 13/17 18/07 IS/07 17*7 11/07 11/ M IIM E. ROYAL RW-033 11/01 06/BB 11/00 07/00 OMI 10/00 E. SIFTED RE-000 20/07
      1,359 words
    • 985 30 IKX^orr vb» votmi Mr witwmiw mi in vbsr votmi m jm mm mm mm scr I uwconcur wmi om 17/h mm ivn ivn n/m urn n/n mmm o*um 77/07 mi ji/o; n/v n/u ii/m I WCONCOn 04OWI IM Ml IMIIVI M vm MM vm (Mown 044 5 040 C 03/01
      985 words
    • 399 30 Pia. NANTAI LINE FUUY CONIAMBMSID SBtVIQ TO MAURITIUS SOUTH AftICA VBSE I w I a I M I w w jjjjgw CIS M IW M M MM tits MM urn 31/W 03/H wmmm tits ag ww ww mmiowa ins ii/w w/w iyw \m wouumfiwi wis i7/w \im n/w a/w wwyrwn
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  • Page 31 Advertisements
    • 627 31 I BSfl aT Imm MYANMA \BBk FIVE STAR UNE (MyUMMT NfltiMMi Um) Uadhf far Twy (R—1»4») rasa «n a m m m NAM 244W SM MM U2W SIB ■iH /team: lUL HI 02-03-24)7300 «L IK 02-01-17M101 rot m oi-m-mimoi rat m oi-07-isii3ii/4 wag, BANK LINE (A unto «f Wdr ttfr|ln)
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    • 1261 31 A HYUNDAI MERCHANT MARINE CO. UP, WESTBOUND TO EUROPE BKG: *****32 «a VOT m tflt BTA AMI BAA I Ml I FB HTFOMAI 394W 03/04 M/M 21/ M 13/ M 21/04 M/M M/M NTABAMM 349W 19/ M 27/ M M/M M/M M/M 11/99 92/99 NTNMHMSS 394W 17/ M 93/ M
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    • 486 31 FAMOUS CONTAINER LINES IBS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 2/ HOT UNE: *****33 (30 LINES) MB PARE Mm mnmJhhllmrji ff MIML fllfflfff" iMnhrfttiMroM n DAILY SAILING TO HK a ATTRACTIVE RATES! i 1 CALL IVY FOR BOOKING *****33 I < 1 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH:
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  • Page 33 Advertisements
    • 40 33 To retrieve more schedules, just follow these simple steps... s document 740-6000^^^^^® P your key in the four number /Jj Aldigit code Key in your Exampto: r-if#» fax number To NEW YORK (NYC) 2tW for calls within Singapore I BBBBBBBBBBBHBBI
      40 words


  • Page 35 Advertisements
    • 299 35 INDONESIA NATIONAL LINE TO EUROPE nSSraSI mi MOKHTMiTWERf ftmu jatw iv» ID/D omit nn" TO AUSTRALIA 1 *JT *WT aTTffir mt rrc m. wlw |w ■icwm. urn mm nlitm an m mm* mlmmr ur vm mm I vm tm «vh |r»| rnimoMoa' tun tm a»|jvi" "mm mm n«|mn| Wttito IwwilamliMi]
      299 words
    • 1107 35 ADVANCE CONTAINER LINES (PTE) LTD API 140 Cecil Street, #12-00, PIL Building, Singapore *****0 M L« Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL ■—^CR NO. **********06 w (9SiRpWHtD WJJtSSX NICH) Salllafs/Waak) vßia vonr ax 910 c «n vtMa I*°* I SJ9SAMUT SRS327 06/06 W«d 09/06 Srt 13/06 WW
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    • 769 35 !>««&■» W I wo LEH HAM RTM TH? AMR VBIEOETAURUB A2IW 08*8 18*8 17/08 28*8 ~~27*8 2S*B 3ttoB 31*8 \ALLE DECARMA C2IW 10*8 ZVOB 22*8 31/06 oSS 00*8 OMt 08*9 \ALLE DE SAGITTA 921W 17/08 27*8 29*8 07/00 0008 WW U*B i555~~ |V-LEPE NORMA N2IW M« 08*8 OMB 14*8 16/09
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  • Page 36 Advertisements
    • 786 36 IAHIKOK/UiM CHAMAMO "I 4AKAMTA/EAMJAMO VESSEL j VOY SN BKK LCS VESSEL VOY SIN JKT PJN BAN! BHUM 57N InPt" 08AM 08AM PEJA BHUM 7078 ~~jn~Pt 08AM~ 07/06 MATHU BHUM** 342N 08AM 08/06 10/08 EAQLE TIDE* Itl In Pt 09/08 SRWAMUT 5R3327 08AM 08/08 NANTA BHUM 3668 07/06 08/06 XETHA BHUM
      786 words
    • 168 36 Si TEL OK ILANGAH ROAD MM2 OTPOKT Cam*. STOK MM TEL: *****11 (6 linos) FAX: *****05 TLX: RS ***** CR NO. 200T*****00W VESSEL VOY ETA ETD DESTNOTM UMAMU 2M7 MH7 MH7 POMTIMM MAMKWA ***** MH7 MM7 NILBMAMm. MUM HUMANA IM7 IMM7 88WI7 CKMN"ABMHMG UMNR nift IIWI7 124M7 POWTIANAK MMUKWA am
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    • 608 36 I PUL INTERNATIONAL LINE M PUL INTERNATIONAL »Mrf II i n< i n a»~tt HHM aM l|M MM y» I JAKAttt (BTC 1) 4SIBS/WK VU ¥0T I Ml HM I j assay™ DRAGON SUBUTIAI7» 15/N IW 11/08 I RON M/NI —fwr~ ii/n in r/filrco -H/irl *uumi*»/m 7* I «ci DRAGON
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    • 716 36 A ACCORD fl SMIPPIMO PTE LTD TE: *****56 (40 Unas) FAX *****344 MTUAM IWM/Utl K M DWfCT ACCESS TR *****57 (IXPOST BOO8QNO) MSBMBMM 197) SSI ISP *****87 (tXPOBT DOC), *****44 (IMPORT) WW 1441 JKAffM i (TfjMf 877 V row CTAtw PQtT num potr msmlpotT mi (FAR EAST) (INDIA) (EUROPE OTHERS)
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    • 50 36 0 HANGLI SHIPPING DMBCT REGULAR KRVICE JAKARTA SURABAYA J**™ 07/08 07/08 P. MBA >AOB 17/08 P.aaßOMk 22/08 2V» P.JBBA 2WB 2809 P.MUMNDM SWMAYA 12/08 UOB —B—BBMB 21/08 21/08 888 RMW 2M» 27/08 BWI-HM 04/06 o*oo 888 RUN UNTIED SMPPMG OfttAMSATION PT. MDONESIA SHANNON MARmME CORP. PANAMA TEL: *****88 FAX: *****00
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  • Page 37 Advertisements
    • 562 37 SINO IXPRISS SHIPPING 11 COLLYER QUAY *06-01 THE ARCADE fSINOTRANSI 8 (*****7 J.TEL: *****00 FAX: *****08 k UJJJ 'j TLX: R*****1 SINOEX X^i^Z SmOTtAMS SHAMBMAI (COMMIIIIt SUVItI) VBSa VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI TOMm ***** TOT T77MF hiw HAIHUH6 m i7/i5 m m mocwotma >702 ivm ?7/m 3i/m
      562 words
    • 251 37 Cafrtw; KM COWTKUNEB, MC V** J jgWfctWWW W; (06t) *****9 MAMLA-(632) *****61 PPUWO.<BOW> BANQKOK: (662) *****7 SURABAYA: (31) *****0 KMLAHtk «B) 1—677 JKT (21)*****07 MP* (H) M«B» EX MC6 TO NONGKON6 IX MG TO HISAN LVW.iWSSKL^ MV "GLORIA 1* 731N MV *KMTC PUSAN* V7ION ETA PKG: 10-8-97 ETA PKG: 12-8-97
      251 words
    • 132 37 S'P«* P.KatangLoadTgßj^^^^^^ I hPI Han/HdrrVAtWUK I I IMIB Nan/RdnVAtWBn»VUK I I 1 IM N*VRdrrVAtWUK I OCEAN ISLAND ivoe NarVßdm/AtWUK I Loada E-/W Mateyaa. Inrlonu— I la«ptS ANOGLU 9 ub 8- *^D*"ni«VK U wa« I LICXAS Jeddah/Aqabal/AJoena I JzEYNEPK I toad. Singapore, EVW. Matayma. Inrlnrn— I Y Ortaan/ChlaataV I NorWMCamdan I
      132 words

  • Page 38 Advertisements
    • 436 38 Shipping Times "-BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. i To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. Press "Pfe key in Document Code Key in your fox number
      436 words
    • 345 38 WajWiUM B|[|^^^BHlflflHHflHHH^HMiHHMpHpilHßHHgMßi|l|BHfl|^H Book your ads early for this commemorative issue. Closing date: 19 August '97 Call us now Tan Lip Chuan 740 1645 Iris Lint 740 2044 |HU^Sj9HySg^ or dial in for s f£** por Document Code 8028 GV Hok*ngs SB for full details. Multi-storey warehouse: 13 10,000 square metres
      345 words

  • Page 39 Miscellaneous
    • 112 39 aLEGEND: R Temper otur* c y Shower W*oth*r _X Wind direction with sp**d in knot* Rom U Cloudy Sky HtU Wov.h«ght winds or* indicated by arrows wtudi ffy wrtk Hm wind On* fu> brd* represents cobn or light ond vonobH winds J_» On* half Heche represents 5 knots L— On*
      112 words