The Business Times, 20 August 1997

Microfilm: NL20889
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 023^12/96 iS ft SINGAPORE Internet.: http://www.asial.com.sg/biztimes WEDNESDAY, AUGUST 20,1997
    14 words
  • Article
    MARKET SUMMARY
    54 1 Z...K flvr-sv UMUQ(+S.2O) nBTOOHP lima (-4.35) D MAMETIIOOD: TQdMAilgriMDICES Dmdajr Change KL8E COMP HU1 *m NIKKEI *****.00 80.10 HANO 8ENO 1M77.26 -4JMS SET INDEX MM4 1U6 JAKARTA COMP _HUI -111 MANILA COUP dosed TAIPEI WPI >,712.46 +M8 8B0UL COMP 741H. -6J6 CUSA CHINA B —1A1181 -8L96 MBTALLORD 2.6203
    54 words
  • Article
    FINANCE
    69 1 US* St USf LS17 1 1JT7 1437 Bit 9MA 1824 TEN lit 1847 1J8S MS U»7 1M1 MB 1129 IM BAHT_ 1« I 0.046 BfflAH IM 0.0)4 0.062 PUHBIATBB SBWAPORE* 144 KDALALOMFUR ISO JttKAHA 18.00 BMBUK. lltt MANILA 1160 BONQKONO 8.7* tWH 9.00 SYDNEY UO TOKYO 110 POOL 1171
    69 words
  • Article
    DBS hike may signal rise in mortgage rates
    719 1  -  Increase applies to Only OBft parkagA but other banks are keeping close watch By < Clarissa Tan, Diana Oon [SINGAPORE] Mortgage rates could be on the rise, with DBS Bank having raised its rates on one of its housing loan packages by
    719 words
  • Article, Illustration
    Lock icon HK stocks dive 4% as rates rise
    518 1  -  From* Quak Hiang Whai in Hongkong THE Hongkong bourse yesterday shed a massive 619.6 points or almost 4 per cent on concerns over the sustainability of the Hongkong dolln* peg to the US dollar. Analysts said banks had pushed up short-term interest rates
    AFP; Source: Bloomberg  -  518 words
  • Article
    Top American financial guru appointed MAS adviser
    465 1  -  Gerald Corrigan to offer ideas on developing the financial sector By Conrad Raj [SINGAPORE] The government has engaged one of America's top financial gurus, Gerald Corrigan, to help Singapore develop further as a regional financial centre. Mr Corrigan, former New York Federal Reserve
    465 words
  • Article
    Lock icon Fed leaves key rates unchanged
    311 1 Dow Jones 19 8! at 2pm EDT after rising more than 100 points Bridge News Reuter [WASHINGTON] Federal Reserve policy makers yesterday voted to leave rates unchanged, with the federal funds rate anchored at 5.5 per cent and the discount rate at 5 per cent.
    Bridge News; Reuter  -  311 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      106 1 jnmiim r Wired far Baton Hie Dos and Don'ts of Net trading. P|M r Satfelmeks Singapore Telecom is looking to taking up bilMon-dollar stakes in regional telecom companies, says Allen Lew, CEO of Singapore Telecom Intl (STI), in an interview with BT, Pf 16 jaias—•United Parcel Service (UPS) and the
      106 words
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      Page 1 Advertisements Column 2
      11 1 Markets in turmoil: More reports, Pg 4 Money Matters, Pg 19
      11 words
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      Page 1 Advertisements Column 3
      92 1 *ja^m lftDMt^LXtj/)f', •^■■^^V^ v^^k\ r A t1 y Ln^MT v The Maubou&sin Jewellery Chronograph watch IBK white gold with crocodile strap <$» MAUBOUSSIN since iH 2 EXCLUSIVELY AVAILABLE AT: ROY EASTERN WATCH #01-86/88 #01-74 Lucky Plaza 304 Orchard Road Singapore *****3. Tel: <65)7*4 3139 *(65)754 1935 DELL XE EASTERN WATCH
      92 words
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      Page 1 Advertisements Column 4
      22 1 Goldman Saoka AfD K L Ho resigns, Pg 2 US wanta emerging economies to free financial markets in new talks, Pg 10\
      22 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Income, Alliance Tech seal Gold Coast resort deal
      322 2  -  f¥om\ Surinder Singh inSydney NUANSA Leisure, a joint venture between Singapore's NTUC Income and Alliance Technology Development (ATD), has signed an agreement with a Brisbane-based developer to develop an Asll million (5512.3 million) resort on Queensland'4sold Coast. The joint venture, which trades
      322 words
    • Article, Illustration
      Lock icon Vista Healthcare to set up $11m facility
      335 2  -  It will be Singapore's 2nd standalone day surgery and diagnostic centre, says company Reports by. Jenny Lam HOMEGROWN newcomer Vista Healthcare Asia plans to set up Singapore's second standalone day surgery and diagnostic centre at a cost of about $11 million, by converting
      CHRIS LOH  -  335 words
    • Article
      Plans to pump US$150m into Asian projects
      498 2 VISTA Healthcare Asia is poised to make its presence felt as a regional healthcare player, with investments of over US$l5O million (Ss22B million) in Asian projects in the next three years. For the longer term, Vista has its eye on a public listing
      498 words
    • Article, Illustration
      Lock icon Shopping creeps up
      293 2  -  EYE ON THE ECONOMY Retail sales By, Jenny Lam SINGAPORE'S retail sales index, which had chugged along sluggishly for most of the past 12 months, nudged up slightly with a 4.6 per cent rise in June. This year-on-year increase in sales vol- ume or at constant prices
      Source: Dept of Statistics  -  293 words
    • Article
      Goldman Sachs MD K L Ho resigns
      250 2 ONE of Goldman Sachs' top men in Singapore has resigned. Ho Kah Leong, better known as K L Ho, tendered his resignation on Monday after 15 years with the US investment bank. Mr Ho, 42, a former Singaporean who is now a US
      250 words
    • Article
      S'pore PR in Gold Coast development
      227 2 SINGAPORE-based businessman Gerd Kraemer is embarking on a As2so million (Ss2B2 million) 80-ha property development project in the Gold Coast of Australia. The As2so million figure refers to the retail value of the project, which will be developed on land adjoining the Robina Woods
      227 words
    • Article, Illustration
      Lock icon RDC's $86m bid on freehold basis wins US Embassy site
      437 3  -  Analysts expect parent SembCorp to build flagship on site By t Abdul Hadhi LISTED Resources Development Corp (RDC) a member of the Sembawang group has clinched the US embassy site at Hill Street on a freehold basis with a competitive
      Source: Jones Lang Wootson  -  437 words
    • Article
      AST plans regional build-to-order plant
      270 3 US-BASED computer maker AST is planning to set up a build-to-order assembly facility in South-east Asia and is now evaluating three sites in Singapore and Malaysia for the purpose. "By end-year or towards the beginning of next year, we should have a set-up in the
      270 words
    • Article
      S'pore firms urged to go to central Asia
      282 3  -  By Divya Seshamani TAKE advantage of the opportunities that Azerbaijan and central Asia's markets present. This was the message to some 80 representatives of Singapore businesses at yesterday's seminar on business opportunities in the region held by the Trade Development Board (TDB).
      282 words
    • Article
      Collapse? Property's just one factor
      576 3  -  LETTER TO THE EDITOR Tony Lim Singapore REDAS president Heng Chiang Meng's letter to National Development Minister Lim Hng Kiang has drawn a strong public response. The majority criticised Mr Heng. On Aug 15, there was an article by Lim Say Boon in BT poignantly
      576 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      395 2 I '.1 '.T JI Corporation I Keppel Corporation Limited I I (Incorporated in the Republic of Singapore) H To All Holders of U5575,000,000 2*4 Convertible Bonds Due 1997 ("the Bonds") I Expiry of Conversion Rights I Holders of U5575,000,000 2 Convertible Bonds due 1997 ("Bondholders") are reminded that in accordance
      395 words
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      Page 2 Advertisements Column 2
      228 2 t IHJ'.V.MI Finance i Keppel Finance Limited 9 I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1997 Directors are pleased to advise the following unaudited results of the Company and of the Group for the half year ended 30 June 1997:
      228 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      45 3 I a IHB i ./fiSKjp .ji 'if fl I *—'7i I 1 D 1 1/ V 1 11 O^^yf^— cur tobl* 9 i'ife i 1 .^tcboc*^ 1 if JfSa-- L 3 u i a n« "t fet uncti"" _^^^/f' iJ vt L ir p IHf
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  • MARKETS IN TURMOIL
    • Article
      Thais asking IMF for additional US$3.3b loan
      576 4  -  Budget cut by USs2b; two-tier currency controls to stay till bah t stabilises From Harish Mehta in Bangkok AS the fortunes of the baht and the stock market continued their relentless decline, the Thai cabinet yesterday approved a request for an additional US$3.3
      576 words
    • Article
      Lock icon Central bank steps in to boost won
      227 4 Bloomberg Reuter [SEOUL] South Korea's central bank yesterday sent a stern signal to currency speculators as the local currency slipped to an all-time low in early trading, dealers said yesterday. In what has become a recent pattern, the central bank intervened in the
      Bloomberg; Reuter  -  227 words
    • Article, Illustration
      Lock icon Inching up against the greenback
      64 4 [JAKARTA] An employee in a moneychanger's office re-adjusting currency prices on a billboard in central Jakarta's tourist area yesterday. According to dealers, the rupiah quickly strengthenedfollowing the Bank of Indonesia's increase in one-week to three-month interest rates on SBI (Bank Indonesia certificates). The Indonesian currency
      AFP  -  64 words
    • Article, Illustration
      Lock icon Bank Indonesia hikes rates to halt rupiah slide
      346 4  -  Fierce mm follows currency's fell to all-time low of 3,020 By Larry Wee (SINGAPORE! Indonesia's central bank stepped in forcefully to halt the rupiah's repeated attempts to break the 3,000 mark against the US dollar yesterday with a punitive interest rate hike.
      Source: Dow Jones  -  346 words
    • Article
      PT Astra-owned bank announces IPO
      623 4  -  But analysts warn higher rates, nqnah woes make outlook for fand-raising bleak FYom\ S N Vasuki in Jakarta A MEDIUM-sized Indonesian bank announced an initial public offering (IPO) yesterday but analysts cautioned that the outlook for fund-rais-ing was bleak due to rising interest rates and
      623 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      343 4 EXECUTIVE Appointments T» advertise call toll-free 1800-*****83 Chief Financial Officer I Asia Pacific I Around $300,000 plus car I MCS ***** Our client, a well-acknowledged, public-listed company with regional headquarters in Singapore has demonstrated growth, I success and continual expansion in the Asia Pacific region. It I presents an invigorating
      343 words
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      Page 4 Advertisements Column 2
      6 4 Time for less hectic growth, Pgll
      6 words
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      Page 4 Advertisements Column 3
      74 4 Q/s there anuylace south crfj (jptonq to aet authentic Cantonese cuisine (Qfj course. Savour the exquisite flavours of traditional Cantonese dishes, prepared Ixj our team of master chefs from Hong Kong at the award-winning vv'ah Lok Cantonese Restaurant. A mnitbtv uf Curhun Hotels Am kkuxl Brislxjne Mdboume SinyufXMV Sydttty f
      74 words
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  • FOCUS
    • Article, Illustration
      Lock icon IMF aims to cut risk of turmoil
      598 5  -  Reports liyi Anthony Rowley [TOKYO] THE International Monetary Fund (IMF) will be seeking agreement next month to amend its articles so that it has much closer control over the way in which countries liberalise the capital account of their balance of payments. The
      FILE PHOTO  -  598 words
    • Article
      Examining banking in emerging markets
      606 5 Bankers meet next month to debate financial stability and supervision THE quality (or frequently the lack of it) of emerging market banking systems has become a prime focus of attention since the Thai crisis exposed the vulnerability of financial institutions to currency shocks. This is
      606 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      27 5 JJIA No 1 OFFSHORE COIVIPAIUY SPECIALISTS BAHAMAS JERSEY BRITISH VIRGIN ISLANDS •MAURITIUS CAYMAN ISLANDS SEYCHELLES IRELAND WESTERN SAMOA Tel: (65) *****82 Fax: (65) *****91 OFFSHORE WITH CONFIDENCE
      27 words
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      140 5 |Hk I '■>' H HI Mi I I I I MANAGED PORTFOLIOS FROM I I 5550,000 I ■g W pj|g |gpNj For the first time, with just 5550,000, you can have your own The specialists will constantly track and manage your investments |||K personal asset manager and accesß global investment
      140 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      New reality in era of seamless economy
      636 6  -  UZAXTDW As the regional economy becomes increasingly seamless, there is no more room for neighbours to become passive onlookers By Yang Razali Kassim LAST Friday, Thai Prime Minister Chavalit Yongchaiyudh revamped his Cabinet in yet another bid to shore up his government's image,
      636 words
    • Article
      Lock icon KL may curb heavy machinery imports again
      221 6 KUALA LUMPUR Reuter MALAYSIAN Prime Minister Mahathir Mohamad yesterday threatened fresh curbs on the import of heavy, constructionrelated machinery in next year's annual budget to check a rising balance of payments deficit. "At the moment we want traders to voluntarily stop importing the
      Reuter  -  221 words
    • Article
      Lock icon Indonesia's inflation seen hitting 8%
      150 6 ■JAKARTA AFP INDONESIA is likely to see an increase in its inflation rate this year to 8 per cent due to the depreciated rupiah and the prolonged dry season, reports said yesterday. A prominent economist from the University of Indonesia, Faisal Basri, said the car,
      AFP  -  150 words
    • Article
      Philippine imports from S'pore up 18%
      307 6  -  MANILA At USs9Blm, S'pore is second largest import source in first half, after Japan By, Al Labita SINGAPORE was the Philippines' second biggest source of imports in Asia in the first half of this year, the National Statistics Office (NSO) reported yesterday. Imports, mainly
      307 words
    • Article, Illustration
      Lock icon Rains flood Manila bringing life to a standstill
      378 6 MANILA AFP, Reuter TORRENTIAL rains brought Manila to a standstill yesterday, forcing government offices and financial markets to close for the day. Most of the Philippine capital was under water as severe monsoon flooding killed at least four people and resulted in
      AFP,; Reuter; AFP  -  378 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      202 6 HHONORS [passages WORLDWIDE JM CON* AO V He'll sleep with you for HK$2,lOO or Ss22o per night. Stay at the Conrad International Hong Kong for as littfo as HK$2,lOO or in tho Conrad International Centennial Singapore for Ss22o por night this summor*. And bosidos a toddy boar in your bod
      202 words
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  • CHINA-HONGKONG-TAIWAN
    • SINO Briefs
      • Article
        Lock icon China's retail inflation at record low
        93 7 AFP [BEIJING] China's annual retail inflation rate fell to a record low of 0.6 per cent in July, the State Statistics Bureau (SSB) said yesterday. The consumer price index for the same month showed an annual increase of 2.7 per cent. The SSB did
        AFP  -  93 words
      • Article
        Lock icon Shanghai, Tianjin plan tobacco tax
        89 7 Reuter (BEIJING] Two Chinese cities plan to introduce a tax on tobacco sales in what would be a landmark move to raise millions of dollars a year for the cash-strapped anti-smoking campaign, officials said yesterday. Authorities in the eastern industrial city of Shanghai and the
        Reuter  -  89 words
      • Article
        Lock icon US$807m Three Gorges contracts given
        105 7 AFP [BEIJING] Three Chinese companies have been awarded contracts worth US$BO7 million (511.22 billion) for the second phase construction of the Three Gorges dam the world's largest hydroelectric project, a report said yesterday. The contracts for the construction and installation of the dam and power
        AFP  -  105 words
    • Article
      Lock icon China riled by Japan official's comment on Taiwan Strait
      442 7 TOKYO Govt spokesman says Japan committed to support US forces if security is threatened AFP JAPAN has angered China two weeks before a crucial visit by the Japanese Prime Minister to Beijing, by reiterating yesterday that expanding defence ties with the
      AFP  -  442 words
    • Article, Illustration
      Lock icon Typhoon Winnie kills 37 in China and Taiwan
      416 7 BEIJING Casualties could have been worse if not for evacuation of nearly one million people Reuter TYPHOON Winnie tore across south-eastern China yesterday, killing at least six people, injuring hundreds and toppling thousands of homes, officials said. However, casualties were limited because
      Reuter; AFP  -  416 words
    • Article
      Lock icon Beijing Telecom s 2nd mobile phone network
      207 7 BEIJING AFP BEIJING Telecom has opened a second mobile telephone network in the Chinese capital, adding capacity for an additional 400,000 subscribers, the official Xinhua news agency said yesterday. The new network will use the digital Global System for Mobile Communications (GSM) standard,
      AFP  -  207 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      154 7 I it Christof/e Mh Pavilion Christofle The Shopping Gallery, #02-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robinsons 176 Orchard Road, Level 4, Centrepoint, Singapore *****3. Takashimaya Singapore Level 2,391 Orchard Road, Singapore *****3. Tangs Basement, 310 k 320 Orchard Road, Singapore *****4. CROWN
      154 words
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      Page 7 Advertisements Column 2
      81 7 L o>a>.a><D-ri<oo>Ho>£>ico d < lIgiIII S I 5 s f f Hi CVi °-o2ro-O C/S O" D S2 C 1^ feS Jilill s-i S slf I' I 4 SI flj it ill M 2 liSliflflflli*i|lff s flj 75 m «05-Sii w eS. < Q-®So§=J-5 Jv\ >\"N jm v% si ttl
      81 words
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  • ASIA
    • Article
      Lock icon S Korea reins in spendings growth
      253 8 SEOUL Bloomberg THE South Korean government will cut growth in spending next year to 5 per cent, the lowest in 13 years, curbing spending on education and agriculture to offset slowing tax collections. The "austerity" budget comes as poor corporate earnings amid the slowest
      Bloomberg  -  253 words
    • Article, Illustration
      Lock icon Muhammad pleads not guilty to 2 charges in Aussie court
      523 8 BRISBANE Ex-Selangor minister fi>«w aariawm Aslo,ooo fine and/or 5 years'jail if convicted Bernama, Reuter FORMER Selangor Chief Minister Muhammad Muhammad Taib pleaded not guilty in a court here yesterday to a charge of trying to take A 11.26 million (511.42
      Bernama,; Reuter; REUTER  -  523 words
    • Article
      Lock icon US: Seoul to gain from offer to open financial markets
      422 8 SEOUL Seoul's participation in WTO financial services seen critical Reuter SOUTH Korea has much to gain and nothing to lose by submitting an "ambitious offer" to open its financial markets, US Deputy Trade Representative Jeffrey Lang said yesterday. A US
      Reuter  -  422 words
    • Article, Illustration
      Lock icon Historic North Korean nuclear project gets off the ground
      483 9 SEOUL Ground-breaking seals Pyongyang promise to freeze arms agenda Reuter AN international consortium broke ground yesterday for a landmark nuclear project in communist North Korea that officials in South Korea and the West have said is key to preserving stability and
      Reuter; AFP  -  483 words
    • Article
      Lock icon Aussie central bank tells why it cut rates
      391 9 SYDNEY AFP AUSTRALIA'S central bank said yesterday its easy monetary policy is supporting economic growth without risking the country's record of low inflation. The Reserve Bank of Australia on July 30 cut official interest rates for the fifth time in a year
      AFP  -  391 words
    • Article
      Cricket memorabilia nets A$400,000 at Melbourne auction
      440 9  -  SYDNEY Christie's sale of Lankan collector's hoard sees keen bids By I Surinder Singh A SRI Lankan who spent the past 40-odd years collecting cricket memorabilia has parted with his collection, which grossed more than A 5400,000 (*****,700) in a Melbourne auction. Srikantan
      440 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      116 8 I I a ttiw restaurant It c I I Ping's U w /A* Royal Crowne Plaza located in the heart of Orchard Road. delicious. Jgm Paolo's from Italy and Ping's from China, so they've got this incredible menu that brings together both cuisines. And believeMH m that's not all! There's
      116 words
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      Page 8 Advertisements Column 2
      426 8 BRITISH-AMERICAN TOBACCO COMPANY (SINGAPORE) LTD (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors is pleased to announce the following unaudited results for the six months ended 30th June 1997. SIX MONTHS TO 30TH JUNE r>< THE GROUP 1997 1996 $000 $000 Turnover 129.459 159,25$ -18..7 Operating Profit
      426 words
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  • Page 9 Advertisements
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      180 9 Your Super-Corridor^, To Cifbbal -Destinations... rnmM t I War VJ «^^iMHHHHHHBHHHHIi '%*&s*& I .1 *J J I C« 'a I **-pN/ i i s j>f- -^i.". 1 —[£1 1 *V• Jffffil Vtiu'thi"! !>\ \i r s t\i i»i I .iinl lii»n k jpH lmliislii.il r.n k lonl nv. a in
      180 words
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  • THE WORLD
    • Article
      Lock icon US wants emerging economies to free financial markets in new talks
      485 10 WASHINGTON It will'work creatively' to deal with their worries, Robin tells WTO Reuter THE United States wants emerging economies to free their financial markets in a new round of global trade talks, but it will "work creatively" to deal
      Reuter  -  485 words
    • Article
      Lock icon Sex drives the Internet: researchers
      253 10 CHICAGO Reuter SEX is the most searched-for topic on the Internet and the quest for it is driving the net's technological advances, researchers said on Monday. "This is going to be the next sexual revolution. It's going to affect sex in a profound way," said
      Reuter  -  253 words
    • Article
      Lock icon Russia sees 2% growth – with reforms
      164 10 Russia sees 2% growth with reforms MOSCOW AFP RUSSIA'S economy ministry yesterday predicted growth of 2 per cent next year if promised economic reforms come onstream, Interfax reported. But the ministry warned that growth would be nil if reforms were not carried out. GDP has been consistently falling since 1992,
      AFP  -  164 words
    • Article
      Lock icon Strong US$ favours EU: Camdessus
      296 10 MADRID Bundesbank urged to think calmly when considering rate Mfc* Reuter INTERNATIONAL Monetary Fund managing director Michel Camdessus said in an interview published yesterday that the Bundesbank must think calmly when analysing a possible hike in interest rates. "For now, there are no inflationary effects
      Reuter  -  296 words
    • Article, Illustration
      Lock icon Virgin protests BA tie-up
      72 10 [LONDON] Virgin airline owner Richard Branson (left) and Freddie Laker, co-owner of Laker Airways, gesturing outside the US embassy in London yesterday to meet US congressmen in their battle to prevent the proposed link up between British Airways and American Airlines. Competitors to the deal between
      AFP  -  72 words
    • Article
      Lock icon US housing starts flat in July
      387 10 WASHINGTON But there is no sign of weakness in sector, say economists Reuter, Bloomberg BUILDERS broke ground on new homes and apartments at the same rate in July as in June, the Commerce Department said yesterday, as construction eased from a boom pace earlier
      Reuter,; Bloomberg  -  387 words
    • Article
      Lock icon 1996 a dismal year for foreign investment in Germany
      383 10 COLOGNE Reuter HIGH wages, excessive company taxes and a lumbering bureaucracy made 1996 the worst year for foreign investment in Germany since World War 11, an economic thinktank said yesterday. Foreign companies withdrew a record net three billion marks (552.5 billion)
      Reuter  -  383 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      454 10 Marine I Industries I Keppel Marine Industries Limited I I (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1997 I The Directors of Keppel Marine Industries Limited advise the following unaudited results of the Company and H the Group for the
      454 words
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      Page 10 Advertisements Column 2
      126 10 Financial Controllers: Are you playing golf these days, or still struggling balancing the hooks? I X Unless you have moved to Realtime Accounting, chances are very good that you are I J still spending all your free time in the office. Companies who have moved to FACT are y m
      126 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Speculators got it right in Indonesia
      704 11  -  THE BOTTOM LZME OPINION By S N Vasuki The writer is BT's Jakarta correspondent BANK INDONESIA'S decision last week to free-float the Indonesian rupiah must come as an embarrassment to economists who predicted that the currency would never fail victim to speculative frenzy. The
      704 words
    • Article
      IN OTHER WORDS
      82 11 They were sending a message to Americans that this could happen to anyone at any time.' -LevD&arin US prosecutor at the trial for the bombing of the World Trade Centre in 1993. 'Sex drives the technology of the Internet and the World Wide Web.' Ray Noonan a
      82 words
    • Article
      Time for less hectic growth
      615 11 EDITORIAL ASEAN leaders would do well to think beyond simply pooling their foreign exchange reserves in order to defend their currencies against the kind of speculative attacks that have recently wreaked havoc with the Thai baht and inflicted severe pain on other regional currencies. This
      615 words
    • Article, Illustration
      Lock icon Commissioned for business
      1113 11  -  Just-retired British High Commissioner Gordon Duggan is to embark soon on a business career on Singapore's behalf Byi Catherine Ong THERE'S life after the Foreign Commonwealth Office. For Gordon Aldridge Duggan, re-cently-retired British High Commissioner to Singapore, it will be a new career with an interesting twist.
      FILE PHOTO  -  1,113 words
    • Article
      WHAT THE OTHERS SAY
      801 11 Best US chance In years AMERICAN diplomatic design and the luck of Beijing's political calendar have given Washington its best chance in years to press for constructive change in Chinese policies at home and abroad. The Clinton administration has invited President Jiang Zemin to visit Washington
      801 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      41 11 DOOHESBURY By Garry Trudeau Trf MHUAN.AK£VOU TUM.lMu.yes.stß.r nf6AFt>\ AU/AXS THAT ITS !L- I gem* ]TO B&R PIP. PUTHAO YOU C&SAL FOR ANY FOR.- \mSeWMND\ARM<X M 9. TOfflCS THINK X^^gd &6NBR, QUN&S6OR I/MSWH6HTS I HUM, HAVE ONB OFTHO66&J&? YOU'U. I X/- 111
      41 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Agassi snubbed for Davis Cup
      740 12  -  US team to star Sampras, Chang in semifinal; captain says Agassi hasn't been in form this summer, reports robin fimm ROBIN FINN NYT PETE Sampras and Michael Chang, the top two players in the world, made the guest list, but the slumping Andre Agassi was
      NYT; FILE PHOTO  -  740 words
    • Article
      Lock icon Ten years of Shear Madness
      767 12 THEATRE Reuter [WASHINGTON] Concert pianist Isabel Czemy has died every night for the past 10 years in the comedy whodunit Shear Madness but the play itself shows no sign of aging. The premise of the show is so simple there is no script. A beautician
      Reuter  -  767 words
    • Article
      Lock icon Dieters need not shun beef: study
      437 12 HEALTH In moderate amounts, lean beef doesn't hamper weight loss, an Aussie study shows Reuter [SYDNEY] Women who exclude all red meat from their diets to lose weight fare no better than women who continue to eat moderate amounts of lean beef, according to
      Reuter  -  437 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      393 12 mili U "I'l Vti Appointments Ik idvtrtiK aril toil-free IMt-741 ISS3 REVIEW Business Manager Circulation Asia's premier business newsweekly has an immediate opening for a Business Manager Circulation to be based in Singapore reporting to the Circulation Director in Hong Kong. The successful applicant will be responsible for the marketing
      393 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      143 12 THE WEATHER Singapore: Fair and hazy. Temperature (32-25) Aafe-PacMc Hi/Lo' (M. Europe Hl/Lo* Cam*. America HVLo* Cood. Aurkbml II« Shram Aastmkm fi/\i Show its l«,n ilnmh Bmh*.* Uti rsmrw Uhens 11,14 iVwh BnWC ttil (lu»h Mb 27/1* sunm <!*•»»> SH <l«h BwA* TMunii Bom :Ul6 (Inwh S/» (lnd\ KniiM Uti
      143 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
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      Page 13 Advertisements Column 2
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      35 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      791 13 TV&RADIO Premiere 12 11.00 Frasier Police Story. 7.30 Tamil Seithi. rt., r,., IL3O Seinfeld The Susie (See 8.00 Berita 12. PM TV Innovations. Our Choice). 8.30 Sikit Lebih Kurang. 230 The Winners. 12.00 MN Murder One Chap- 0.00 Taman Seri Selasih. 3.00 Money, Money, Money. terTwo. 10.00 Eldorado (German Movie
      791 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      121 13 CRYPTIC CROSSWORD cash with caution (11) YESTERDAY'S SOLUTION DOWN 13Earl renovated Englishcoun- Iplcalrltlo' I 1 After public protest Edward fry property (4,6) was downgraded (7) 16 Foreign trader is no longer 2 Support for the spine (4) stout (8) cP i 3 Agree to raise the hem (4.2) 17 Charge
      121 words
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  • WIRED FOR BUSINESS
    • Article, Illustration
      Dos and don'ts of Net trading
      909 14  -  Firms need a proper business strategy before jumping in, toh bam hhihlearns from the Net savvy TOH HAN SHIH SO YOU want to use the Internet to enhance your business. Fine, but make sure you're not just adopting the Net because you think it's
      909 words
    • Article
      Making sense of those maddening modems
      436 14  -  Speed is one thing bat there are other considerations By\ Raju Chellam (SINGAPORE] Now that the Internet is as übiquitous as food courts in Singapore, din-ner-table discussion often veers to how to get faster access to sites on the Web. Modem vendors and ad
      436 words
    • BOOK marks
      • Article, Illustration
        $10,000 for the brightest idea
        85 14 YOUR idea could win you $10,000 if accepted. All you need to do is think hard about how Changi Airport's new Terminal 3 could be made more creative, more functional and more aesthetic. If you come up with an idea that helps enhance the appearance,
        85 words
      • Article
        Networking products on the Net
        75 14 IF THERE was any doubt that the Internet is capable of selling anything more substantial than flowers and books, there's proof from a company other than Dell. San Jose-based Cisco Systems Inc expects to sell US$l billion (5g1.52 billion) worth of networking products this year,
        75 words
      • Article
        Chinese business network offers
        69 14 THE World Chinese Business Network, which promotes networking of Chinese businessmen worldwide, now offers local businessmen online shopping, learning and banking. Shopping, from a host of interlinked sites; learning, Internet ($l5O for a one-day course) and business courses; and electronic banking from United Overseas Bank. The
        69 words
      • Article
        Site for small businesses
        72 14 THE US Small Business Administration (SBA)hasan excellent site for small and medium enterprises (SMEs) to go to for help with financing, expansion and disaster handling. The site is maintained by the US government and offers hotlinks to other relevant sites that SMEs can, access to solve
        72 words
      • Article
        More Internet mags close shop
        106 14  -  By Raju Chellam IT seems interest in Internet mags is now waning. Early this month, The Net magazine, a slick, colourful monthly mag with a circulation 0f200,000, closed shop. Two months ago, another glossy, Net Guide, with a circulation of ov*r 360,000, called it quits.
        106 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      226 14 77w Internet u an important growth area for banks and credit card companies. a problem: credit card customers spending for fear their card numbers hackers. That's why Citibank teamed up Working closely together, the two companies were able to make cybershopping secure. Using secure electronic transaction (SET) technology. Citibank can
      226 words
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      Page 14 Advertisements Column 2
      5 14 brought to you by sEbsssr=?
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  • COMPANIES & MARKETS
    • Article
      ST Aero up 24% to year's high on good results
      288 15  -  Bgt Clarissa Tan [SINGAPORE] Singapore Technologies Aerospace shares hit a new high for the year yesterday, following the release of spectacular halfyear results on Monday. The mainboard counter closed at $2.86, 55 cents or 24 per cent higher than its
      288 words
    • Article
      Form Holdings offering 27.2m shares at 38c each
      431 15  -  Analysts like the low PE but say nature of business makes valuation difficult By. Ang Wan May [SINGAPORE] Music distributor and producer Form Holdings is offering 27.2 million shares at 38 cents each, which translates to a low prospective price-earnings ratio of
      431 words
    • Article
      Lock icon DBS Land makes kangeroo bond debut with A$81m sale
      221 15 Bloomberg [SYDNEY] Singapore property group DBS Land is making its debut in the growing Australian dollar-denominated debt market with an AsBl million (Ss9o million) sale of threeyear bonds. The kangaroo bonds, the colloquial term for Australian dollar-denominated debt sold by an
      Bloomberg  -  221 words
    • Article
      Happy ST Aero outcome unlikely to be repeated
      842 15  -  HOCK LOCK SIEW m Louis Beckerling THE coupling of the Foreign and Local shares of Singapore Technologies Aerospace has had a happy outcome. But it took Monday's announcement of an un-dreamed-of profit dowry, along with some special circumstances, to seal it. Regrettably,
      842 words
    • Article, Illustration
      Keppel units post mixed results
      579 15  -  Finance, Marine profits improve; KTT, KIE gains slide By I Conrad Raj [SINGAPORE] The Keppel group yesterday released a mixed bag of interim results for four of its listed units. Keppel Finance was the best performer among the four with a 7 per cent increase
      579 words
    • COMPANIES
      • Article
        SingTel seeks billion-dollar stakes in regional telecom firms
        625 16  -  Mega-deals may contribute more than $200 m to SingTel's bottomline by 2001 Reports by' Teh Hooi Ling [SINGAPORE) Singapore Telecom is looking to taking up billion-dollar stakes in a few telecommunication companies in the region. The megadeals are expected to be completed
        625 words
      • Article, Illustration
        Lock icon STI's plan: stick to sector, region
        861 16 With limited manpower, company needs to select its projects carefully [SINGAPORE] STICK to what we know best and stay within the region. That's the essence of Singapore Telecom International (STl)'s strategy today after having explored the world and experienced some disappointments. "One of the
        ARTHUR LEE  -  861 words
      • Article
        How to protect F tranche shareholders'interests
        441 16  -  UTTERS TO THE EDITOR Bin Hee Heng Singapore THE recent slide in prices of the Foreign tranche (F shares) of Singapore blue chips and the subsequent merging of the Local and F shares of the Singapore Technologies (ST) listed companies should raise concern among
        441 words
      • Article
        MAS comments puzzling
        267 16  -  Patrick Chia Singapore THE furore in the Singapore stock market over the subject of dual listing of Foreign and Local shares has lasted for almost three weeks. It is most puzzling why the Monetary Authority of Singapore (MAS) has, over the past two weeks, made several comments
        267 words
      • Article
        Liang Court project in Kuching takes off
        259 16  -  By, Abdul Hadhi (SINGAPORE] Liang Court Holdings will today hold a ground-breaking ceremony for its Ms6l million (Ss33 million) office-cum-apartment building in Kuching, Sarawak. The Ms6l million covers total development cost, said a Liang Court representative. The ground-breaking ceremony for the 24-storey building,
        259 words
      • COMPANY Briefs
        • Article
          BAT posts 24% interim profit drop
          80 16 [SINGAPORE! British-American Tobacco Company yesterday announced a 24 per cent drop in after-tax profit for the half-year ended June 30 to $13 million from $17 million last year. Turnover fell 18.7 per cent to $129.4 million while net tangible asset backing per share dropped
          80 words
        • Article
          Meiban interim profit falls 18%
          68 16 [SINGAPORE] Meiban Plastic yesterday said profit fell 18.4 per cent for the six months ended June 30 to $1.51 million from $1.86 million last year. Turnover slowed by 38.7 per cent to $12.4 million and earnings per share fell to 1.78 cents from 3.02 cents.
          68 words
        • Article
          Semb Maritime interim profit soars 196%
          77 16 [SINGAPORE] Sembawang Maritime yesterday posted a 196 per cent jump in net profit for the half-year ended June 30 to $18.2 million from $6.2 million in the same period last year. Turnover rose 15 per cent to $97 million and net tangible asset backing
          77 words
        • Article
          Kim Eng names new exec director
          41 16 [SINGAPORE] Kim Eng Holdings has appointed Chan Keng Loke its executive director. Mr Chan has been president of Kim Eng Securities USA since 1990 and was vice-president of Smith New Court Securities prior to that.
          41 words
      • Article
        Lock icon Shorter settlement begins on KLSE
        237 16 New T+s system will reduce risk, market exposure: exchange Bernama [KUALA LUMPUR] The Kuala Lumpur Stock Exchange (KLSE)'s T+s settlement system has come into force, paving the way for a shorter settlement period. The KLSE said in a statement yesterday the T+s rolling settlement system
        Bernama  -  237 words
      • Article
        Lock icon Quek, Wong join Brierley board
        193 16 Bloomberg [WELLINGTON] Quek Leng Chan and Wong Kok Siew have accepted invitations to join the board of Brierley Investments Ltd (BIL), the company said yesterday. Mr Quek is executive chairman of the Hong Leong Group Malaysia. Mr Wong is a director of the Singapore-listed diversified
        Bloomberg  -  193 words
    • REGIONAL COMPANIES
      • Article
        Lock icon NTT to buy stake in Tokyo Internet network operator
        278 17 Plan also to woo Sing Tel, HE Telecom for Internet business alliance Bernama-Kyodo [TOKYO] Nippon Telegraph and Telephone Corp (NTT) will buy an equity stake in a Tokyo-based Internet network operator and will join hands with major Asian telecom companies to
        Bernama-Kyodo  -  278 words
      • Article
        Lock icon Fairfax profit drops 17% to A$85m
        136 17 Reuter (SYDNEY] Australia's oldest newspaper publisher John Fairfax Holdings Ltd reported a 17 per cent fall in annual profits yesterday, blaming a slow economy and higher costs from a new printing plant for the slide. The company said pre-ab-normals net profit was AsBs million
        Reuter  -  136 words
      • Article
        Lock icon M Stanley to lead manage Korea Telecom share sale
        415 17 US bank's mandate for 500b won sale seen as big coop Bloomberg [SEOUL] Morgan Stanley, Dean Witter, Discover Co said it was chosen as a lead manager to sell at least 500 billion won (*****.5 million) of shares in Korea Telecom,
        Bloomberg  -  415 words
      • Article
        Lock icon BHP may recruit more independent directors
        263 17 Bloomberg [MELBOURNE] Broken Hill Pty Co, shaken by the resignation of three senior executives and flagging investor confidence, said it may recruit as many as three additional independent directors. That's one of the ways Australia's largest listed company is planning to turn around problem
        Bloomberg  -  263 words
      • Article, Illustration
        Lock icon See-through camera
        45 17 [TOK YOJ A model showing off Fuji Film's new see-through digital compact camera "DS- 10S Skeleton model" yesterday. A limited 3,oooSkeleton models will be introduced to the Japanese market from Sept 25 to commemorate producing over 500,000 digital cameras by Fuji Film. AFP
        AFP  -  45 words
      • Article
        Lock icon NEC may make advanced chips at US plant
        342 17 Factory may be built next to its Roseville, California plant Bloomberg [TOKYO] NEC Corp, the world's second-largest semiconductor manufacturer, said it is considering making the next generation of computer microchips at a third plant, this one in the US. That puts NEC
        Bloomberg  -  342 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Wall Street tunes in to threat of US profits sputtering in Q3
        395 18 Lower forecasts from H-P, Gillette, Coke spark worries of bull market losing steam Reuter [NEW YORK] Profit warnings from US blue-chip companies have investors for the first time tuned in to the possibility that one of the engines
        Reuter  -  395 words
      • Article
        Lock icon Volkswagen first-half net surges 73%
        329 18 Reuter [FRANKFURT] Volkswagen AG, the world's fourth-largest carmaker, powered ahead in the first half of 1997 as group net profit surged 73 per cent to 488 million marks (Ss4o9 million) despite a rise of 12 per cent in sales. VW increased the amount earned per
        Reuter  -  329 words
      • Article
        Lock icon Cornerstone in US$1b property pact
        348 18 Group acquires 10 office building*, land, from Dutch pension fund Bloomberg [NEW YORK] Cornerstone Properties said it will pay US$l.O6 billion (551.61 billion) to a Dutch pension fund for 10 office buildings and a piece of land, making it one of the largest publicly held
        Bloomberg  -  348 words
      • Article
        Lock icon British Telecom, MCI deal likely to proceed unchanged
        205 18 FT [LONDON] The merger of British Telecommunications and MCI Communications, thrown into serious doubt last month, is expected to proceed with no change in the financial terms, according to some securities lawyers in New York. British Telecom's shares-and-cash offer, which on Monday
        FT  -  205 words
    • FOCUS: MONEY MATTERS
      • Article, Illustration
        Lock icon Region's currencies in for fresh attacks?
        1147 19  -  The still-pegged HK$ could be the key to what happens next Ky. Larry Wee [SINGAPORE] Regional currencies had a pretty rough week, with all major Asean currencies falling to new lows for the year as our tables show. Stock markets tumbled in the process,
        Compiled by BT; Source: Deutsche Morgan Grenfell  -  1,147 words
      • Article
        The risk-reward totem pole
        628 19  -  STpore deposits give the highest return per anit risk, stocks offer much less Ihj] Dave Carbon The writer is a partner at Pacific Asset Management, a Singapore company specialising in South-east Asian fixed-income markets BETWEEN 1987 and 1995, the Singapore dollar rose nearly 5 per cent
        628 words
      • TRADE RECOMMENDATIONS
        • Article
          Regional Currencies
          212 19 Tremors will still be felt this week in regional currencies, and northeast Asian currencies like the Hongkong dollar will not be spared. We anticipate some see-saw trading and rising forward premiums (higher interest rates in regional currencies). The key to trading will be the Hongkong dollar peg. If
          212 words
        • Article
          Regional Bonds
          97 19  -  By NatWest Markets South-east Asian currency woes continue to place pressure on the region's debt papers and we are concerned with the widening spreads seen in sovereign issues. Thailand: Our call for higher spreads here continues, and we see further upside this week amid the threat of both
          97 words
      • Article
        Lock icon THE WEEK AHEAD
        255 19  -  Compiled by Larry Wee Sources: ANZ Banking Group (ANZ), Deutsche Morgan Grenfell (DMG), Independent Economic Analysis (IDEA), JP Morgan (JPM) and MMS Int'l (MMS) Ukdted States A QUIETER week, but today's June trade figures will attract attention, if worse than expected. After May's US$lO.2 billion (5515.4 billion)
        Sources: ANZ Banking Group (ANZ), Deutsche Morgan Grenfell (DMG), Independent Economic Analysis (IDEA), JP Morgan (JPM) and MMS Int'l (MMS)  -  255 words
    • FINANCE & COMMODITIES
      • Article
        S'pore insurers to stick to free earthquake cover
        424 20  -  Decision follows study's finding that Republic's seismic risksarelow Hft Soh Tiang Keng (SINGAPORE) Singapore's general insurance industry has decided not to change its present system of earthquake cover at least, for now. BT understands it reached this decision after a preliminary study
        424 words
      • Article
        Lock icon Sydney to launch electricity futures
        428 20 Contracts based on deregulated NSW, Victoria markets FT [LONDON] The Sydney Futures Exchange (SFE) is to launch two electricity futures contracts based on the markets in New South Wales and Victoria which were deregulated in April. The contracts, to be launched on Sept 29, will
        FT  -  428 words
      • Article
        Lock icon Fed seen easing securities business curbs on banks
        287 20 Bloomberg [WASHINGTON] The Federal Reserve is expected tomorrow to make it easier for banks to underwrite securities by loosening rules that restrict bank holding companies from working with their securities affiliates. In January, the Fed proposed eliminating most of the remaining restrictions
        Bloomberg  -  287 words
      • Article
        Lock icon Euroyen at new highs on JGB gains
        267 20 SOSEXBeport Reuter [SINGAPORE) Simex Euroyen futures were at new contract highs yesterday in line with Japanese government bond (JGB) futures amid continuing signs of weakness in Japan's economy. Dealers said the interest rate futures were underpinned by losses in the Tokyo market, which
        Reuter  -  267 words
      • Article
        Futures firm on hopes of China-Taiwan talks
        151 20  -  MS& TAIWAN FUTURES -By Perry Gilbert By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures contract closed marginally higher yesterday amid hopes by investors of Taipei and Beijing resuming diplomatic talks. Selling through Refco Singapore. BZW Futures
        151 words
      • Article
        Lock icon Currency woes hurt Asia's oil products
        204 20 ENERGY REPORT Reuter (TOKYO) This year's rash of Asian currency crises comes at a bad time for the region's oil product markets, dampening demand just as new production from ongoing refinery expansion has raised supplies. Analysts say refinery additions, expected to add 2.8 million
        Reuter  -  204 words
      • Article, Illustration
        Untitled
        1459 20 OTERBAMK CROSS RATES Aug IB AS CS Rat ECU ffr On HK5 tod IU Wall Yw Won U$ IgSNfcb Peso S$. !■< Sfr MT$ MM Ptmi US$ j Australia 1.023 6.178 0.689 4.567 1.356 5 703 26.320 ***** 0.870 6.615 2365 29.912 22.256 1.H8 3.45 1118 21.TT0 24.120 0.459 0.737
        1,459 words
      • Article
        Lock icon CURRENCY REPORT
        283 20 Reuter London THE US dollar firmed after the Bundesbank left its repo rate unchanged and on figures showing a small growth in German M 3 money supply. At 1250 GMT, the dollar had strengthened to 1.8379 marks from 1.8233 on Monday. It advanced to 118.17 yen from Monday's
        Reuter  -  283 words
      • Article
        Lock icon Enron to appraise, develop China fields
        212 20 Bloomberg [HOUSTON] Enron Oil Gas Co said it signed a 30-year contract with the China National Petroleum Corp to evaluate and possibly develop natural gas and crude oil reserves in 728,500 ha in the Chuanzhong Block of China's Sichuan Basin. Terms of the contract
        Bloomberg  -  212 words
    • Article
      COMMODITY PRICES
      1739 21 SIOOM rOTPEBB Aug 19 RU88CR (Mwm ctota* m at 130*a) »SS 1 COHTtACTiS cwttiAu) ClOM VoHmM Opon Moot* N£ law S«tt (touts) IwtT—t Sop 97 138.25 136.75 136.75 75 375 Oct 97 139.00 139.00 139.00 150 M50 Nov 97 142.00 142.00 142.00 150 1625 OK 97 144.50 2275
      1,739 words
    • Article
      Lock icon TOKYO
      1625 21 AFP QNikkei 225 -8(U0 JAPANESE share prices closed 0.4 per cent lower yesterday as strong gains in government bond prices triggered futures-led selling, brokers said. Profit-taking on international blue chips by institutional investors also depressed the market before bargain-hunting by pension funds emerged in late trading to pull share
      AFP  -  1,625 words
    • Article
      WORLD STOCK MARKETS
      2279 21 LONDON tainbtate frg1» N— *h 31 Group 486 ♦1.600 AB Ports 277 2.600 AOOay National 812 17 AMadDomocq 616 *147.600 AflMC 152 4.600 Asda Group 148.400 -.200 BAT M 509.400 -4 BG Pic 254 1.600 BKC 170.400 2 BOC Group mi.400 3 BRPatrolaum 850 *12.600 BIB 227
      2,279 words
    • Article, Illustration
      Lock icon HONGKONG
      1650 22 Bloomberg Q Hang Seng -619.62 STOCKS took their biggest tumble since March 1996 yesterday as a slide in world equity markets and a surge in local interest rates hammered banks and property companies. The rout came as local government bond yields rose to their highest in more than five
      Bloomberg  -  1,650 words
    • Article, Illustration
      Lock icon CHINA
      686 22 Reuter n Shenzhen B Index -ILBS THE Shenzhen B share market took a heavy blow yesterday, responding to a slide in the market in Hongkong, to close with heavy losses. The B Index plunged 11.85 points, or 7.5 per cent, to 146.88 on turnover of HK$3lO million. The A
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  686 words
    • Article
      Lock icon TAIPEI
      398 22 AFP □wp Index +&88 SHARE prices rose slightly yesterday as a strong performance by food and electrical issues was capped by profittaking, brokers said. Investors also picked up "China-concept" issues, listed firms with investments on the mainland, amid prospects of a resumption of political talks between Taipei and Beijing.
      AFP  -  398 words
    • Article
      Lock icon WELLINGTON
      271 22 Reuter QWeffingtoo +2X06 SHARES closed stronger yesterday as the market rebounded in the wake of a strong close in New York and a firm opening in Australia. The NZSE-40 Capital Index rose 23.06 points at 2,493.88. Reuter w rtoet ANZ Bankinq T1.60 -0.15 ***** Advantage! MtdQi 0.95 unct) *****
      Reuter  -  271 words
    • Article, Illustration
      Lock icon BANGKOK
      841 22 AFP □SETlniiei -13.90 SHARE prices dropped 2.3 per cent yesterday on weakness in the baht, political uncertainties and the negative shortterm outlook for the economy, dealers said. Analysts said poor second quarter company earnings caused investors to worry about the rest of the year, as many firms have record
      AFP  -  841 words
    • Article
      Lock icon SEOUL
      436 22 AFP CI Composite lain -€JOO SHARE prices closed 0.8 per cent lower yesterday as blue chips fell amid uncertainty over the market's future and a fall in the local currency's value, dealers said. "Buyers stayed away, with sentiment hurt by the won's depreciation, high interest rates, financial woes and
      AFP  -  436 words
    • Article
      Lock icon SYDNEY
      611 22 AFP Fl All Primaries *2.4 SHARE prices finished higher yesterday after a hesitant day's trade in which afternoon selling erased most of the morning's gains. "I don't think anybody was really prepared to step into the market," said a broker. "The phone calls this morning were 'we will still
      AFP  -  611 words
    • Article, Illustration
      Lock icon JAKARTA
      703 22 AFP Q Composite Index -911 SHARE prices fell 1.5 per cent yesterday as the central bank raised interest rates, rescuing the rupiah from a plunge to record lows in Asian trading, dealers said. "If you look at the first session, it rose on government support, but even the government
      AFP  -  703 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares firm on mild technical rebound
        290 23 AFX Asia n Composite Index +4J36 SHARE prices closed slightly higher on a mild technical rebound led by light buying from local funds, dealers said. The KLSE Composite Index closed up 4.86 points at 885.31. The Emas Index gained 0.66 points to 255.72, while
        AFX Asia  -  290 words
      • Article
        Untitled
        272 23 Up 5m UK* Cm—ir prtI N 24 o Mfrt 22 90 12 Conttrutttor 10 8 Tratfng/Svc 24 32 14 MTMITU 1)0 nnanct 26 26 n Hotol 1 1 3 ProwrtY 23 28 M Plantation 9 22 5 Mr** 0 4 3 Trust I 3 0 lorn M 17 2) fttsAVarrantt
        272 words
      • Article
        Untitled
        8071 23 MMKTMMJ Consumer pritots nvt Lilt Vol Day N*t C«# W» I— ClDm tltt -000 HN> Lata Pit 790 480 Ajinomoto 480 -18 3 490 480 26.6 194.6 448 269 Anghasa 274 unch 30 276 274 8.1 404.0 905 600 Apollo Food Htg 630 -10 31 630 600 18.3 2S2.0 765
        8,071 words
    • WARRANTS & OPTIONS
      • Article
        QAF wrt: enough time for gains
        205 24  -  WARRANT WATCH By Ven Sreenivasan A MONTH ago, we advised readers to keep an eye on the warrant issued by food maker QAF Ltd, which was trading at just below 80 cents. Since then, the warrant has fallen steadily and yesterday closed at 43.5
        205 words
      • Article
        Untitled
        3555 24 BONDS, LOANS WAMANTS m 1997 Utt Va» Day Last Owta A*g M *i Im Mm Camaaay M* roooi M» Lw 8ayar Mv Maa M Mm 3000 VI 1 T I J8 42 ai 415 3160 A Acar ******1 U5$ 66 »3 19 68 63.5 64 65 5 131 64 3164
        3,555 words
    • Article
      CLOB INTERNATIONAL
      2204 24 MALAYSIAN STOCKS 6r Or •997 Last VM Day UMOhto ON M* VM Nat MC# H>» t— Stw C»l—«y SM« rOOO) W» L—l >gr SaBw to Cw to P/t t— 478 212 m *5000 MSB SOc 213 -7 134 222 212 20 220 5.0 4.9 03 463 2*5 t37
      2,204 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1845 25 TURNOVER COOO) VALUE COOO) M«ln Clott Totl M«ln Cjg ToUl Industrial 80 254 9.752 98.006 217,292 14.167 231.459 Finane* 14.544 5.284 19.828 162.040 7.247 169.286 Hot*ls 2.912 520 3.432 7.351 662 8.013 Properties 13.196 6,481 19.677 63.252 6,497 69,749 Plantation 2.563 2.563 4,313 4,313 Mining 369 369 585 585 81W
        1,845 words
      • Article
        MAIN BOARD
        5240 25 Transaction Date; Auft 19 I Cr Or M Wt 1997 Last Vol Day Last Quota Dtv Otv Vld Nat Cap Avg High Low StNo Company Sala COOW H4fl» Lew »»y*f SaWar C'vr Ptl WW INDUSTRIALS 157 102 e 1020 ACE Dynamics60c 103 unch 165 107 103 103 104
        5,240 words
      • Article
        SESDAO
        1242 25 Gr Cr M Wt 1997 Kit Vol Day Lot Ouota Wv Oiv VM N«t Cap Avq High Low St No Compony Solo COOO) MH»i Low Buyor Sollor C'vr P/C SmH PrUo SESOAQ 186 76 0 2000 ABRHMSqiSc 126 -4 1243 136 125 125 126 3.0 6.0 0.1 1S0.0 56
        1,242 words
      • Article, Illustration
        HOT STOCK
        66 26  -  by Shiv Taneja COMFORT GROUP closed two cents higher yesterday at $1.13 on a volume of 1.85 million shares, compared with its lOday traded average of 604,200 units. The stock, which is trading at the lower end of its six months trading band, could see more upside in
        66 words
      • Article
        Untitled
        217 26 Stacks Volume Hotunq Inv NT5 11,853,000 Asia FoodiProp 10,710,000 ST Aero 50c 8,169,000 Amara Hldgsltd 7,403,000 KeppelCorp 4,415,000 SM Summit 10c 4,309,000 HK Land USIOc 4,167,000 08S Land 3,846,000 UIC 3.794,000 HKL RFWt*****3 3.710,000 Stocks D8S Foreign 62.363,071 UOB Foreign 39,648,340 OCBC Foreign 34,302,813 Keppei Corp 26,855,096 ST Aero 50c
        217 words
      • Article, Illustration
        Wall Streets recovery fails to spur buying interest
        673 26  -  STOCK MA&EET COMMENTARY Foreign-tranche shares rise after MAS statement on dual listings; property stocks slip on residential price, loan rates fears Ven Sreenivasan [SINGAPORE] A break from a week of relentless selling on Wall Street helped steady nerves but did little to
        673 words
      • ON THE GRAPEVINE
        • Article
          In the dark
          106 26 WE UNDERSTAND that IPC Corp held a meeting for investment analysts last Friday to drum up interest in its rights issue. During the meeting, chairman and CEO Patrick Ngiam was his usual confident self, painting a rosy picture of IPC. A couple of analysts came away from
          106 words
        • Article
          Small fries?
          41 26 HOW is this for names of shipping companies? In the office directory at Great World City is one called Ikan Bilis Shipping, and another Kembong Shipping. Could they be small fish compared to the likes of Neptune Orient Lines?
          41 words
        • Article
          Raising hotel stakes
          88 26 SINGAPOREANS continue to extend their control over the three famous hotels in the popular Pacific Place complex in Hongkong. Last Friday, Government-controlled Temasek Holdings raised its stake in Shangri-La Asia to 9.21 per cent from 5.06 per cent. Shangri-La Asia controls and manages hotels all over Asia,
          88 words
        • Article
          Oh rats!
          97 26 AN ARMY of rats is nibbling away government records dating back to 1850 in the eastern Indian state of Bihar, a newspaper reported yesterday. Electoral rolls, important historical documents and land deeds are fast disappearing from the archives and secretariat in the Bihar capital of Patna, wire agency
          97 words
        • Article
          Buy first, analyse later
          152 26 IT WAS late in the day and stock analysts were all abuzz after hearing Singapore Technologies Aerospace's half-time results at a special briefing arranged for them Monday evening. Most of these number-crunchers, you see, were somewhat off the mark in forecasting ST Aero's performance. The firm's
          152 words
        • Article
          Hi cost, hi end, hi-fi
          152 26 GUESS how much Singaporeans would pay for hi-fi equipment? In 1994 and 1995, eight amplifiers worth over $100,000 each were sold in Singapore by local hi-fi distributor, State of the Art. In 1996, State of the Art sold a pair of amplifiers to a buyer
          152 words
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      Page 15 Advertisements Column 1
      55 15 TJTC PROPERTY FINANC& FROM SINGAPORE. For further information, please contact either Theodore Tan, Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-p The Royal Bank a* of Scotland pic Six
      55 words
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      Page 16 Advertisements Column 1
      245 16 How do financial institutions ensure effective compliance with laws and I regulations pertaining to Banking, Fund Management, Securities and I Futures Trading? What are the regulations imposed by the Monetary I Authority of Singapore, the Stock Exchange of Singapore and the Singapore I International Monetary Exchange? I To help you
      245 words
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      Page 17 Advertisements Column 1
      272 17 ,!i I I it, '»i; i «i/ t r V..J BMW r 1 uitinil IF YOU OWN A CAR, REACH FOR THE PHONE. UNBEATABLE CAR INSURANCE COVER IS NOW AT YOUR FINGERTIPS. shop for all your insurance needs. AIG Direct makes car insurance easier than ever before. W g V*V
      272 words
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      Page 18 Advertisements Column 1
      525 18 lUll.lllJlT&T I Keppel Telecommunications& Transportation Ltd I I (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1997 I The Directors of Keppel Telecommunications Transportation Ltd advise the following results of the Company H and of the Group for the six months
      525 words
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      Page 18 Advertisements Column 2
      367 18 Integrated Engineering j Keppel Integrated Engineering Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FIRST HALF YEAR ENDED 30 JUNE 1997 The Directors of Keppel Integrated Engineering Limited advise the following unaudited results of the Company and of the Group for the half year ended
      367 words
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      Page 19 Advertisements Column 1
      245 19 interactive m 1 i rlj Ifr g w K? Mr g I I Wit >' i wI I Jit i A 1 1 jk i I Hj MrofrclHf Soar Wafem §100 It's the FIRST ariiaacraea grasp Upto4 sttas icraaa, m additional an Auto Tracking Camera that detects motion vMaacaafaraaciaf ayaleai
      245 words
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      Page 20 Advertisements Column 1
      70 20 For once, tell the chef where to stick it. On the end of a wonderfully brazened kebab. Each delightful bite selected by you. cooked by our chefs to mouth-watering perfection. Join us now at St Gregory's Brasserie, and indulge in all the delicious cuisines along our fantastick international buffet (s2B*
      70 words
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      Page 22 Advertisements Column 1
      63 22 l K GENEVE 'MfJSS" :1 lastcrof Complications SINCERE SINCERE WATCH LIMITED: SINGAPORE \f.EE \w (mm i im.ii; M \KI\ >Ql \R| m: W 4IHM. U(K\ PI \7\TEI 4 ".SI •s( \TE( (IM MUI lEI IC ".I'.it U _l MALAYSIA Kl PI\Z\TFL II! J4I 0-.411 STXKHIII SHOPPINC, tEMRFTEI :4 ♦The Philippine
      63 words
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      Page 24 Advertisements Column 1
      32 24 I A j A k A JSW ALFREDOUNHILL /*SSI 5 VISIT ALFRED DUNHILL AT RAFFLES HOTEL ARCADE, THE PARAGON, NGEE ANN CITY. SOGO RAFFLES CITY, DAIMARU LIANG COURT AND LEADING WATCH RETAILERS.
      32 words
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      Page 26 Advertisements Column 1
      437 26 BUSHIUSS Notices To advertise call toll-free 1800-741 1883 In the Matter of THE COMPANIES ACT, CAP. 50 And In the matter of FILA (S) PTE LTD NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act {Cap. 50) that the Final Meeting of Members of the abovenamed Company
      437 words
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      Page 26 Advertisements Column 2
      311 26 In The Matter Of The Companies Act Cap. SO, Section 291 (1) And In The Matter Of lAWSANDYS PTE LTD Company No. *****5626 D STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES The Registrar of Companies, Singapore 1. Ong Boon Seong, of 37
      311 words
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      Page 26 Advertisements Column 3
      521 26 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF JADE SPRING HOLDINGS PTE LTD <IN MEMBERS' VOLUNTARY WINDING L P) Al an Extraordinary General Meeting of the member, of JADI SPRING HOLDINGS PTE LTD duly convened and held at 298 Tiong Bahru Road #I 4
      521 words
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      Page 26 Advertisements Column 4
      8 26 Home Decor For people who love their homes
      8 words
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      Page 26 Advertisements Column 5
      201 26 should I cp rTT subscribe. Aren't just another Internet service provider? So >vhat if your charges are cheap? I can jjet my email for free. Give me one good reason why I should subscribe to Post One? We'll give you several. Firstly, we give you a permanent e-mail address. This
      201 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      331 27 Bridge News Reuter ALTHOUGH essentially sluggish, brokers noted some activity for capes izes although much of the Ciness has been kept off market, brokers said. Most players seemed to J>e using the heights set by the futures as an excuse not to trade, and as a consequence they
      Bridge News; Reuter  -  331 words
    • Article
      MARITIME STOCKS
      254 27 tr "i prrwstrtbuflw uo -0.01 124 Oman Hup 0.93 unch 123 CaacalnvaaMiant 114 -0.01 7 FrataM Unto 041 undi. 55 G»Hm*n<« 0.70 -0.01 27 Mai Sun Hup 0.975 ♦O.OH 239 WMMZOMM 0.6® *0.005 10 MCMaMnfa HK 5.60 Jaya HoMlnqi 0.78 *0.03 8 Jurana SMpyar* —6.70 undl 303 MM*
      254 words
    • Article
      Cosco sees no threat in new shipping group
      426 27  -  5 Chinese firms merge into conglomerate for greater efficiency By Yong Mei Fong [SINGAPORE] China Ocean Shipping Company (Cosco) feels that newly-formed Chinese shipping conglomerate, China Shipping Group, will pose no threat to its business. Wang Lu Jun, president of Cosco Holdings
      426 words
    • Article
      Lock icon Preussag unit denies plan to buy Thyssen's shipbuilding operations
      200 27 Bloomberg [FRANKFURT] Preussag AG's shipbuilding unit denied a report it is planning to buy Thyssen AG shipbuilding operations, though the companies are discussing cooperation. "Discussions have taken place at the corporate level between Preussag and Thyssen," said Waltraud Loecherer, a spokesman
      Bloomberg  -  200 words
    • Article
      Two Tyneside tales one positive and the other negative
      722 27  -  DOCKYARD By: David Hughes [LONDON] THIS time of the year is the Silly Season for the British press. Most newsmakers are either on holiday or keeping a low profile during the summer. So reporters are on the look out for stories
      722 words
    • Article, Illustration
      Power and speed in motion
      91 27 [FREMANTLE J Two Auto Express car ferries and two passenger catamarans (above) perform choreographed manoeuvres in sea trials off Western Australia. Ferry builder Austal Ships of Australia built the car ferries for a Turkish operator, Istanbul Deniz Octobusleri, while the catamarans are Austal's 27th and
      91 words
    • Article
      Allow private investment in India shiprepair: report
      496 27  -  More than half of Indian vessels are repaired abroad: govt committee From Rajendra Bajpai in New Delhi AN Indian parliamentary committee has told the government to encourage private investors to set up shiprepair facilities in the country. India suffers from an acute shortage
      496 words
    • Article
      Aussie maritime unions urged to reform or perish
      378 27  -  Unions most accept new initiatives: ex-chairman of ANL From Jerzy Farynski in Sydney AUSTRALIA'S maritime unions have been urged to reform or perish by the former chairman of the country's national carrier, ANL Ltd, Bill Bolitho. Mr Bolitho, also former chairman of
      378 words
    • Article
      Lock icon Ports of Auckland's profit in second-half down 35.9%
      361 27 Bloomberg [AUCKLAND] Ports of Auckland Ltd, New Zealand's largest port operator, indicated second-half profit fell 35.9 per cent, mainly reflecting onetime gains in the year-earlier period. Net profit in the six months ended June 30 fell to NZ$22.O million (5521.5), or 16.6
      Bloomberg  -  361 words
    • Article, Illustration
      Lock icon Chinese rules anger US lines
      859 28  -  CHINA SHIPPING REGULATIONS Sea-Land and APL have asked the Federal Maritime Commission to probe new barriers against American companies By' Tim Sansbury Journal of Commerce IF American shipping companies put out a bumper sticker, it would read: "China: Most-fa-voured-nation trading partner, leastfavoured port of call."
      Journal of Commerce  -  859 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      363 28 PAGE I Famous 7 Att 13 >3 AMI 3 Foong Sun 8 Abie 13 Frota 13 Accord 8 frt Links 13 Ahrenkiel 13 Frt 0,1(1 '3 Appenship 5 c L 4 Astro 3 Gemartrans 16 Austral 9 Avant 6 Glor Uv 13 B
      363 words
    • Article
      SHIPPING GUIDE
      15362 36 THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vassal Voyaga Tinhorn ETA ETA Advartisar V«m Voyaga TaMphona SIN Daxfn Nama Nam* NumPar NumOar SIN Dtsfn Nama Nam* Itowbar To BUENAVENTURA (BUN) 2099 A Colombia To ABIDJAN (ABJ) 2003 21/01 torn nyk quadrant express wn *****0123 Ivory Coast, Cote D'lvoire wot o/io
      15,362 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        703 43 Vessel Voy No Berth Arrival Departure J—1 Pert Satan IndiA N373 J02 jKjtojjkJ* 19 06/2300 ■t Up Put I *****7 JOI jtempid* 20.06/0900 C S Ruta) 62 J22 atooqs.de 20 06/2300 Ofm Seraya 015 J03 atonqade 21.06/2300 Eawwuss 2 J09 atonqside 22.06/0600 Florence 1 J12 atonqside 20 06/0600
        703 words
      • Article
        CONTAINER SCHEDULES
        1640 43 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARGO Boofclmj/BtUnct Rstls Ship Voy No Etb/Btr Period From To From UItaM C2J4W 2V0400 M 1VI5M IV149* MM IV19M lt/*9t IVItM 2A WDM MM HUM 21 If/1700 20/0499 20/0*00 1 20/0700 20/H59 20/MM 4 20/1200 20/M99 20/1700 MM) UWi OWN a
        1,640 words
      • Article
        GLOBAL HOLIDAYS
        206 43 Aaf 20 Hungary National commemoration day of the foundation of the Hungarian state. Ab|24 Ukraine: Independence Day. Aug 20 Hong Kong: Liberation Day. Philippines: National Heroes' Day. United Kingdom Summer Holiday. India Janmastami/Gokul Ashtami. Bombay bourse closed, National Stock Exchange open. Ukraine: Independence Day. United Kingdom: Summer holiday,
        206 words
      • Article
        COCKETT BUNKER MARKET REPORT
        873 43 THIS report, compiled by Cockett Marine Oil Ltd. shows price range* in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        873 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        390 43 ISO Mil *12.9 0.9 15.4 0.07 75 0.07 A* 14 OtMltr Water Its Mm Ask UrnMm Sediment No ibo*t £25 2 0 1 0 0 0 380 AM 986 4 0J 12.7 0.06 34 0.02 tuw 380 Mu 991.4 0.9 17.7 0.12 83 0.09 M*W »f/»
        390 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon UPS and Teamsters reach tentative deal to end strike
        471 44  -  185,000 strikers expected to return to work at the US company today By: Marcus Hand [SINGAPORE] United Parcel Service (UPS) and the International Brotherhood of the Teamsters have reached a tentative agreement to end the strike which has crippled the cfelivery
        REUTER  -  471 words
      • Article
        Lock icon Norwegian airline Braathens forms alliance with KLM
        313 44 Reuter [OSLO] Norway'sßraathens airline has announced an alliaj*ce with KLM Royal Dutch Airline in a deal analysts said villi open up competition in the Scandinavian sector. Under the agreement, which was cemented after a year of secret talks, KLM will acquire around 30
        Reuter  -  313 words
      • Article
        Lock icon Saab, Swedish govt in petrol row
        152 44 AFP [STOCKHOLM] Car maker Saab has threatened to cut ties with the Swedish government if it does not rescind a rule which calls for fuel consumption in its vehicles to be less than eight litres per 100 kilometres, Swedish television has reported. The US
        AFP  -  152 words
      • Article
        Lock icon BA and American Air may seek more limited partnership
        440 44 Price of a fall alliance may be too high, say analysts Bloomberg [LONDON] British Airways pic and AMR Corp's American Airlines, stymied by regulators from sealing the transatlantic alliance they proposed 14 months ago, may instead seek a narrower marketing partnership,
        Bloomberg  -  440 words
      • LOG Book
        • Article
          Air NZ wins Traveltrade award
          62 44 [SINGAPORE] Air New Zealand's new revamped economy class has clinched the "1997 Best Economy Class" award at the Traveltrade Airline Awards. With a seat pitch of up to 86.3 cm on its 8747-400 and 83.8 cm on the 8767, the airline's new Pacific Class is
          62 words
        • Article
          Lock icon Proton cars to be sold in S Korea in Oct
          88 44 AFX-Asia [KUALA LUMPUR] Proton cars are expected to be exported to South Korea in October, The Sun reported. It quoted Malaysian ambassador to South Korea Omardin Abdul Wahab as saying: "For a start, we are trying to bring in 500
          AFX-Asia  -  88 words
        • Article
          Lock icon Branson plans to float Virgin Rail: report
          78 44 Reuter [LONDON] British entrepreneur Richard Branson is planning to float Virgin Rail, a divllion of Branson's Virgin Group, on the stock market, the Guardian newspaper said yesterday. The newspaper quoted Will Whitehorn, a director of Virgin Rail, as saying the flotation would probably
          Reuter  -  78 words
      • Article, Illustration
        Lock icon SilkAir to resume flights to Phnom Penh next month
        301 44  -  By. Felix Chan (SINGAPORE] Regional carrier Silk Air said it will be resuming direct flights to Phnom Penh next month. From Sept 1, the airline will start operating five services a week to the Cambodian capital. "The decision to resume flights
        FILE PHOTO  -  301 words
      • Article
        Lock icon UK transport policy paper due to be released this week
        445 44 Issues covcred may include overhaul of regulation of rail and bos industries Reuter [LONDON] Britain's government is set to reignite the debate on the transportation gridlock with the release this week of its integrated transport consultative document, industry sources said.
        Reuter  -  445 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1541 44 CITY FUGHT ETA FLIGHT ETD MM S0230 1830 Nmo< VN741 1310 S0176 1105 S? MM M50 M63~W 50,75 m M S032T 0750 *1636 2300 H V- K 52 22 GA893 1205 S0328 2330 fg K1837 1455 MMMM AT97 1335 MW 2135 AoctKxtqt P0M6 0700 WiiiMbi *****
        1,541 words
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      1166 28 I tXPOHT I I OTHER DESTINATIONS I MTOCT TO WIST COAST I VBStt W roan 111 U OW W M m m OK NT MtiKOOTY 3 vtwa Jwtl s» j nounm mjmu ptcmmia HJBuvßmau umotaao juumawT WFTWtt AIiXANMfTI 33K33 U/M 14/N M/N U/N «/M M/N «/N 01/N 03/04 M/M M/M
      1,166 words
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      Page 28 Advertisements Column 2
      589 28 Lin«« A services represented ftjns!ll\ <* F*o«ry o« Members o< the Accredrted Shipping Agents, Singapore Freight Forwarders National Shipping Assoc Association J|t|» Speedy and Quality "T «4V Service to CALCUTTA EXPORT 3 Jopon -2 x Hongkong -1 x Monilo -1 x Kooahiung, Kaoluno (Accopiina Fa to BKK/NAHA/SENDAI/Cmj/LCH) viMil VOT FKI
      589 words
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      Page 29 Advertisements Column 1
      1017 29 TO EUROPE FROM EUROPE vosa VOY SM RTM HAM ORV SOU LbT" VESSEI VOY BTM HAM ORV SOll LEM PIG SM NEDUOYD AFRICA 5337 21/ M 11/09 09/09 13/09 NEDUOYD ASIA Ml 7 31/07 21/07 02/00 20/01 21/01 UUMI 1337 22/00 07/00 09/00 12/00 13/00 OUNGA PELANGI 2327 03/00 05/00
      1,017 words
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      Page 29 Advertisements Column 2
      2282 29 OHANJIN SHIPPING USA CANADA* juMNMa/vor imi sw su Roi nw prof cm on on nt ["Twi new oos ntc o» rvt m |m|tk ik hooog sbwqo ooa m/w li/m h/w Ti/w n/w u/w u/w io/w u/w lt/oo 17/w u/w u/w io/w u/w "17/w i7/w~ u/w is/w rumi sbutoo oca 27/w
      2,282 words
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      Page 29 Advertisements Column 3
      107 29 f ABt ORIENT EXPRESS UNES (U.K.) LIMITED ySJ. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VISSIL VOY SIMGAfOUE tOMIAY VESSEL VOY iOMHAY SWCAfOtE NORDKAP 415 415 22/06 30/08 NORDKAP 414 13/08 22/06 AJTHA PARICHART 006 26/08 04/09 JUTHA PARICHART 005 16/08 25/06 ALBERT BRIDGE 003 29/08 06/09 OOCI
      107 words
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      Page 30 Advertisements Column 1
      1606 30 <C DSR-SENATOR im Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT Itttsa Ivor i btm ant onv 1 ham lax im llvma w lha m ntm mv I ham Ism MAMJW MM FfWMOSCO WN73O FIT 11M IS M CHOYANG SUNT EE736 *7 07 ar ».07 1107 r M MM
      1,606 words
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      Page 30 Advertisements Column 2
      1094 30 I NORASIAI VESSEL vov am ooa bcl val alq MOT MX ant fel lha NOW HONGKONG 9732-3 2240 MM 0740 1140 1740 1340 IMB "D 9 1249 IW9 NOA SHARJAH 9733-3 2040 1240 1440 2340 24*9 21VM 2549 IM>9 1409 17 49 MSC RAFAELA 9734-3 DM 1809 2140 3M9 91/11
      1,094 words
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      Page 30 Advertisements Column 3
      512 30 LINE SS f nil HSS3II PAXi 3SSU37 MUARA 1 LABUAN 1 vtssa. vor rn> eta vesa yor n in sro«i mum* sfotf m lnosrai vm/»7 m/m 27/ m jwospb vm/w m/m m/m Am aorr vrn/w v/n m/m *mcu*t vjh/»; 17/ m ii/m JfCOSfBt *W/*7 W/H H/N JPtOSM TO/W H/M M/M
      512 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1471 31 I VESSEL VOY SIN BKK POU PKO PEN BtW SUB BA WK IRAN VAHDAT PJL-1253 03/09 29/08 07/09 22/09 24/09 IRAN GHEYAMAT PJL-1248 31/07 07/08 02/08 18/08 18/08 IRAN MEELAO PJL-1238 30/08 15/07 11/07 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. A2ARBAIJAN, ARMENIA, KAZAKHSTAN. UZBEKISTAN.
      1,471 words
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      Page 31 Advertisements Column 2
      2174 31 Acciram camo to/pikom 1 SNKKOU t HUAN6PU I WIIKIY MtICT SAILING J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/L) TTSSMT""JOHORrofna™ I COSTAR SHIPPING PTE LTD #17-08DKIU>G SALES/BKGS 4205M1/43 INWARD MPT (0/0) *****1S COSTAR AGENCIES (M) SDN BHD CR WO: **********0* TOWER TWO (0*8809)
      2,174 words
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      Page 32 Advertisements Column 1
      1407 32 EUROPE AJK/SCANDINAVIA/FINLAWD/BUSSIA SGP RDM ANW HBG THP ZEE LHV LHV TMP ROM ANW HBG PKI SGP E REPUTE RW-010 23/08 12/09 IM>9 13/09 15/09 16,09 17/09 E GIVEN RE 059 WO7 2M7 21/07 30/07 3107 25/01 24/01 E RACER RW-011 30/08 19,09 25/09 20/09 22/09 23/09 24/09 E GALLANT RE
      1,407 words
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      Page 32 Advertisements Column 2
      1224 32 lIXPOftT VESSEL VOYAGE SffmJUIMIMIIUKIWTUI VISSiI VOYAGE Ml M UU ONI UK w I UWMtfli 044M01W 21/ M 31/01 31/ M 01/W 02/W 03/W 03A* OiW UNI (IOWN *****42E IQ/N 10/01 11/N 12AM 13/01 2S/M UM CORONA 0470 W* Jl/M 07/W 07/W *W 0»/W 10/W 10/W 10/W UNKOMQIT 0447 0341 17AM
      1,224 words
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      Page 32 Advertisements Column 3
      467 32 NANTAI LINE FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA VESSEL VQY SIN I PLU I DUB OT~ HAHTAI HtHKESS 016S 25/Ot 13/W 10/0! mroUQUEBI 072S 31/01 o>/W 13/09 17/W mmiDOGON 00IS 07/W 17/W 22/ M 2S/W NAMU) PWNCE PITS IS/09 W/W 02/10 mnAiwM o??s ?4/w 02/10 ojno io/io MOttf OI7S
      467 words
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      Page 33 Advertisements Column 1
      725 33 BSfl iL. M MYANMA wBBk FIVE STAR UNE (Myoinar Natioaal Um) Loading for Ymgoa (Ronj«o«) vessel vor S4N ns m rai QNN SHWI HAW 7W X FT MALAYSIA AGtHTS: MUSTCAD SMPfING AGENCIES RUL TEI 07-03-*****00 PKL TE 02-03-*****01 PEN: TU 02-04-*****02 WO: TH 02-07-2$ *****/4 BANK LINE (A strvict of
      725 words
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      Page 33 Advertisements Column 2
      1138 33 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 I a I I Jfc-l-n—ißr I I I I HYEMPOOR M7W 31/60 17/0* 16/0* 20/H 20/0* 20/0* 23/0* HY GENERAL JO7W 07/0* 24/0* 25/6* 27/0* 27/0* 27/0* 30/0* NY PURE M7W 14/0* 01/10 02/10 N/10 N/10 04/10 07/10 EASTBOUND TO
      1,138 words
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      Page 33 Advertisements Column 3
      578 33 (j£ FAMOUS CONTAINER LINES lIBS 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 gF HOT UNE: *****33 (30 LINES) WB PABE ADOBESS: —>.f—■lw.cni.sg E-MAR ADDRESS: admin@famsin.coiii.sg DAILY SAILING TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 UNES) J. BAHRU PH: 0207-*****22 CWT
      578 words
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      Page 34 Advertisements Column 1
      1055 34 AHGKOK/LAEM CHABANG JA K AWT A/PAN JA WO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN MATHU BHUM" 344N In Pt 23/08 24/06 NANTA BHUM 36«S 21/06 23/06 SBISAMUT SRS33I In Pt 23/06 NANTA BHUM ***** 22/06 23/06 XETHA BHUM 213N In Pt 24/06 OANU BHUM OOPS 23/06
      1,055 words
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      Page 34 Advertisements Column 2
      657 34 jjyS PUL INTERNATIONAL UNE PUL INTERNATIONAL fj.'nii t —•*—»*'i' L -*~r L a-p--JZLmm.MiIM taf*| tOC M>r/hiU JWITOBntI) iSM/WH W YOT I >i!j 1 J* 1 iw» 00Q AiIUHQ W4S 224S WtP 1 ??/M If« WW I jULUfiac .-iiULJ-22MT3r Q4/M )m Z)/M1 Hicmi lUS I 23/08 I SAJ I 27/01 I
      657 words
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      Page 34 Advertisements Column 3
      786 34 m ACCORD A SHIPPING PTE LTD V±S Til: *****56 (40 Un*») FAX *****46 ntT KUUtC (931M71M1 J DIRECT ACCESS TEL *****57 (EXPORT ROOKING) fASM CUDJUtC 07) SSI 11/7 r *****97 (IXPO9T DOC), *****64 (IMPO«T) KJUMG (04) Ml*4l URL;HTTP://WWW.ACCORD.COM.S»G MJWi (71) HO 077 V POtT Ilk SIN POKT tJA SIN POKT
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      348 35 INDONESIA NATIONAL LINE TO EUROPE j KXPHESS SOO-COWTAWjgISED SERVICE ~wi VOY I* 1 0 A OAM/R DAM HIUHO BREMEN ANTWERP KUTAI 39W9 liO/l 02/9| 30/9 J/10 OMIT 7/10 TO AUSTRALIA "j RIU. CONTAINER SERVICE vs. voy_ *Sr"sr fk he w m m nt kasugai vns n« 2i« not km m
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      840 35 agggPff PACIFIC INTERNATIONAL LINES (PTE) LTD I SSSS^^^M; 140 ***** Street #03 00 PIL Buikjin 9' Singapore *****0. j CR NO: **********06 aa„ m. jf.isff ff, asm- Z, ;i hh- to. id. ift j jfd Opq AMITY 005 5/1 JZS- 11/S 11 3. to I 4/10 I m lj IB
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      746 35 VESSELS VOY SN JED PSD LEH HAM HTM THP ANR VXEDE NORMA N2IW 27/08 06/00 06/09 17/08 16/06 gg 21/08 22/08 WLLE OE GEMXA H2IW 31/06 1(V08 12*08 21/08 22*08 24*08 25/08 28/08 VU-E D-QRION Y2IW 07/08 17/08 19rt>0 2B*oB 28*08 01/10 02/10 03/10 [VXEDEVELA V2IW 14*08 24/08 26*09 06*10
      746 words
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      45 37 To retrieve more schedules, just follow these simple steps... document gUal 740-6000^^j^^^^, tep be faxed CT|Select the port *Vpnteryour Step key in the four number digit code Key in your Example: fax number To NEW YORK (NYC) 2275 United States for calls within Singapore jßß&fe
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      417 39 I VESSEL VOY SIN MAA SIN TIGER WAVE 560N 24-2&08 3<M)4A» 08-09/09 TIGER ISLAND 561N 24-2&08 30-04/09 08-09/09 TIGER BRIDGE 562N 30-31/08 04-0&09 13-14/09 TIGER BAY 563N 02 03/09 07 12/09 16-17/09 TIGER WAVE 564-N 06-07/09 11 15/009 20-21/09 TIGER ISLAND 566N 08-09/09 13-18/09 22 23/09 TIGER SPRING 295CN8 23-25/08
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      Page 39 Advertisements Column 2
      754 39 I FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICE ARGENTINA ETD SIN SOUTH AFRICA ETD SIN BUENOS AIRES 18/08 CAPETOWN 25/08 CHILE ETD SIN DURBAN 25/08 VALPARAISO 27/08 JOHANNESBURG 25/08 GREECE ETD SIN SPAIN ETD SIN PIRAEUS 18/08 VALENCIA/BARCELONA
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      Page 39 Advertisements Column 3
      1009 39 OOCL (Singopore)_Pte Ltd CFS Keppel Distrpk for bookm§ A 79 Amm lad #21 -04 (S) *****4 I* SI3 #01-128 I tmfmy CI N0 **********0H Ufc 272 7127 ,J ijAO Ign V V&/ *****13 f«» *****42 y«» 272 7«2s NORTH AMMNCA USA/ CANAM <> AUSTRALIA TO USA f» SPO OAK (HI
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      1170 40 -ir- SAMUDERA INDONESIA (S) PTE LTD I 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT JESSICA/CELIA/MEI CHAN gQ*****KSE3fI 7SL GS/WEEK U|| M;fAViW 3SLGS/WEEK [VESSEL fVOY [SIN j JAK [VESSEL |VOY ISIN ISUB SINAR NUSA 964
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      1144 40 ■njri mm; JNE ILII gJ2221 IWKE WEEKLY EVERY THURSDAY/SUNDAY (*****1 ARRIVAL FIXED DAY-MONDAY vessel vor rsn cm rtm ham fit leh anr vessel voy ieh fxt ham anr hfa Ism MING MOON A733w| 22/06 I 26/08 13.09 11/09 10/09 15/09 MING STAR A727E SCO SIO SLD SLD SID 26/08 MING
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      Page 40 Advertisements Column 3
      434 40 9. Singapore Soviet Shipping S& Co. Pte. Ltd. CR NO: **********0N BOMBAY/COCHIN VESSEL VOY SIN BOM PNG PKL TRADE FAST TFSI9S 27/06 04/09 19/09 21/00 KOTA SELAMAT SMTO3I 03/09 11/09 26/09 26/09 TRANSCORD 104N 06/09 16/09 31/09 02/10 KOTACAHAYA CAHI9I 13/09 21/09 06/10 07/10 REGULAR MONTHLY RO-RO BREAKBULK SERVICE SIN/BOM/N.SHEVA
      434 words
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      1366 41 ASIA MEDITERRANEAN EXPRESS(AME) WESTBOUND SBTVIg i I VESSa VOY SJN CMB MIA GEN BCN LEH lAm FEL N HONGKONG 9732-3 22 AUG 26 AUG 04 SEP 06 SEP Q8 SEP LLSEE- 12 SEP 13 SEP MSC REBECCA 001R 23 AUG 27 AUG 05 SEP 07 SEP 09 SEP 12 SEP
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      Page 41 Advertisements Column 2
      1352 41 fig Bp p-W jW" IjW l tfli l Ivcsa Irn CfflLpi Iw |m« Iwco |aMPMfrfo~| LAIOME 1337 2040* 7140" 2240 0949 1249 1109 0749 MS.MOK 1317 UtH' VfM SB '2101 7740 JOT NOOMANOK 3337 2140* 2240* 7101 OO.GOMANY 4317 IW M MN M lUI UN NO. HONG KONG IM7 27
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      Page 41 Advertisements Column 3
      190 41 Mi For Booking H 222 7022 4 -i <Z Changzhou Shanghai I \L Foshan v£ Shantou \L Fuzhou \L Shenzhen j •\L Guangzhou Tianjin I a Hangzhou <£ Wuhan 4 Huangpu Xiamen Qingdao Zhongshan 1 <£ San Shan Zhuhai jj I OUR NEXT SAILINGS MV. "KUO TAT V.028N ETA SM
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      Page 42 Advertisements Column 1
      437 42 OSINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE Si NO TRANS I S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SINOTMNS SHANGHAI (CONTAINER SERVICE) VBSlf VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI TRADE WORM m m 27/08 ST/Q8 NOfcDSUND 9706 #/08 07/09 NEW HAIHUNG 9710 05/09 10/09 14/09
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      Page 42 Advertisements Column 2
      289 42 am MAC-NELS SPORE M'SIA Carrier MN CONTR LIMES, WC ~f\V\~ J ONNOMEOQETEOOOOB 9BU: (084) *****9 MAMLA: (632) *****61 W PEMANQ: (04) *****6 BANGKOK: (882) *****67 SURABAYA: (31) *****0 P. KELAHG: (03) *****77 JKT (21) *****07 MON: (61) *****3 EX PKG TO HONGKONG I* WC TO PUSAN/KEELUNG MV -CY PROGRESS" 733N
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      Page 42 Advertisements Column 3
      156 42 muratkiran 21/oe MwVRdnVAtWBmnWK I STORM WIND 30A» NarVßdnVAtw/UK I OCEAN ISLANO 08/09 NarVRdrrVAtwAJK I I* Loads EJW Malaysia. WH I Loading for LI CM AS Jeddah/Aqabal/Aigeria I ■cupper KAWA Dubai/BahrairVDammarVXuwait I ■ESPERANZAC JeddafVAqaba/T npoii I ■TRADE BANNER Hodeidah/Jeddah/Aqaba/Egypt I loads Singapore. EVW Malaysia, Indonesia I I Loading for f ■OCEAN
      156 words
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    • Miscellaneous
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      133 43 IPS 10QE V" LEGEND: R Thunderstorm Temperature »q V Shower Weather -V Wind direction with speed in knots Rom Cloudy Sky Wove h 9 h Surfoce winds ore indicated by arrows which Hy with the wind viz O"* fu c c 'e represents cokn or fcght and variable winds 1
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      190 44 M.V. "KING ACE" V0Y.33 AMD 15 AUGUST Ml Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 21 August 1997 *****200 hours at PT9 (NTY's Office). No further survey will be entertained thereafter. As Agents: "K" LINE KINKAI
      190 words