The Business Times, 21 August 1997

Microfilm: NL20889
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, AUGUST 21,1997
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  • Article
    MARKET SUMMARY
    54 1 Unun (+30.81) Mbtookp CI MULCT MDUUt j"—' Amkuhr »■—m Itfl-FI Wednesday Change «COMP tt»il +4426 a iu»a_+»iu HANG SENG l**M7_+«7&41 SfflNDEX Ml. 41 -403 JAKARTA CDMP—M.I7 *IU MANILA COUP __2,4MJC +»39 TJWH WH SJB66.16 >***** SHXJL 00W ***** *4.94 USA CHINA B —IJI14J8 *U1 SALLOW) —2,00.7 *M l.OOpn
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  • Article
    FINANCE
    66 1 KIERA1KEE KATES isi m US$ IJ97 t IJM 1407 M «£4I Mtt KN IN M47 117C MS SJM1 M4S MR* l» 1.195 BAMT Mtf 0.94? WUHAN m MM MM PTOE BATES SINGAPORE* 144 KUALA LUMPUR 9 30 JWUITA 18.06 BANHOK IMS MANILA 1150 iKMOfipNO. 8.75 SYDNEY TOKTO Jilf SEOUL—
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  • Article
    QAF-Indofood deal is on despite $720m swing
    548 1  -  But there may be fireworks at Indocement EGM due in Jakarta today By\ Lee Han Shih [SINGAPORE] QAF Ltd will go ahead with the purchase of a controlling stake in Indofood Sukses Makmur, even though the collapse of both the rupiah and the
    548 words
  • Article
    Hang Seng soars 2.4% on record turnover
    287 1  -  From Quak Hiang Whai THE PARTY isn't over in Hongkong. The resilient bourse was back with a vengeance yesterday as it rebounded a hefty 2.4 per cent. And if that wasn't enough, it chalked up a mind-boggling turnover of HK536.14 billion (Ss7 billion),
    287 words
  • Article
    UOB, finance firms hike promotional mortgage rates
    614 1  -  By\ Siow Li Sen, Clarissa Tan [SINGAPORE] United Overseas Bank (UOB) and several finance companies have raised their promotional mortgage rates, following DBS Bank's hike in a comparable fixed-rate mortgage package. Madam Sim Puay Suang, senior vic4-president at UOB, emphasised that the hike
    614 words
  • Article, Illustration
    Lock icon Suharto okays Indon-M'sia bridge
    540 1  -  Exact location still undo* wraps to discourage land speculation From S N Vasuki PRESIDENT Suharto yesterday formally approved the construction of a bridge linking Indonesia and Malaysia across the Straits of Malacca. The project will be jointly undertaken by Malaysia's Renong Bhd and Indonesia's PT Malindo
    REUTER  -  540 words
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      142 1 ovsniE ftWm'iqfßti *19% in July Singapore's non-oil doimwtic exports rose 6.9% in July. Economists I yesterday hailed the figure as evidence of an electronics recovery, pointing to month-on-mown growtn ok 4.4% in July, up from June's flat 05% rise, Ifc2 lephad profit ep 88* Keppel Land yesterday reported an 85%
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      21 1 TAGI-K'!!' m H E|Jt p JT 4/1 M 1 > ~.^r" >4 v THE 2000 LIMITED EDITION AUTOMATIC JAPAN SINGAPORE HONG KONG
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Non-oil domestic exports climb 6.9% in July
      524 2  -  Electronics exports continue to recover with encouraging 5.4% growth By Audrey Tan NON-OIL domestic exports rose 6.9 per cent in nominal terms in July as electronic exports continued to recover from last year's downturn. The July year-on-year growth surpassed economists' expectations of a
      Source: TDB  -  524 words
    • Article
      Caltex sales up 15% on new petrol?
      520 2  -  But some rivals cry fool and allege breach of environmental sidelines By Ronnie Lim CALTEX has chalked up a 15 per cent increase in petrol sales here in just a month because of its new 100-octane premium grade, its rivals say. But some
      520 words
    • Article
      High-tech corporate winners don't follow traditional strategies: study
      333 2 TODAY'S high-performing high-tech companies no longer follow traditional strategic planning and organisational structures. They are also slower but more efficient in adopting new technologies. In addition, today's technology companies have a high number of business tie-ups, and rely on multiple sources of
      333 words
    • Article, Illustration
      Lock icon Supply price index down in Q2
      318 2  -  EYE ON THE ECONOMY Prices By, Audrey Tan THE domestic supply price index slipped again in the second quarter as prices of mineral fuels, machinery and transport equipment continued to fall, figures from the Department of Statistics show. The index, which is seen as
      Source: Dept of Statistics  -  318 words
    • Article
      Sept launch for Sony TV channel
      192 2 Pan-Asian service, AZN, will be uplinked from Singapore SONY Pictures Entertainment will launch its action/adventure channel AXN across Asia in September. The channel, a pan-Asian satellite delivered service, will be broadcast in four customised versions in Taiwan, the Philippines, Thailand, Hongkong, Malaysia, Singapore, Indonesia
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    • Article
      Distributor Kia Motors seeks partners
      329 2  -  By< Christopher Tan JUST over one year after it landed the rights to a sole motor distributorship here, a local company is finding the business too tough to go it alone. Kia Motors, which started distributing the Korean Kia brand here in July last year,
      329 words
    • NEWS Roundup
      • Article
        Golden Harvest, Abacus form new firm
        65 2 FILM distributor Golden Harvest Multiplex and Abacus Distribution Systems have formed a company that develops integrated cinema and event ticketing, reservations and management systems. Called Golden Abacus, the company has already clinched its first contract, worth $1 million. It is working on a comprehensive
        65 words
      • Article
        CDCs to be formed by year-end
        74 2 THE Ang Mo Kio-Cheug San community development council (CDC) and its Central and North-east counterparts will be formed by November. The People's Association also said yesterday the Sembawang-Hong Kah CDC, the Bukit Timah CDC, the Potong Pasir CDC and the Hougang CDC would take
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      • Article
        Arthur Andersen raises funds for NTU
        43 2 INTERNATIONAL accounting firm Arthur Andersen has raised $130,000 from a golf tournament for Nanyang Technological University's Endowment Fund. The event, to be held today, is part of the company's celebrations to mark its 25th anniversary in Singapore.
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      • Article
        Nike signs up Emery cargo services
        58 2 SPORTING goods giant Nike Inc has chosen US-based Emery Worldwide to provide it with air-cargo services from India, Singapore, Bangladesh, Sri Lanka, the Philippines and Malaysia to the US. The one-year appointment also includes air service from Pakistan to Nike's distribution centres and customers
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    • Article
      Far East tops Fullerton tender with $110m bid
      517 3  -  Offer is doable the $55.5 m highest bid from Hong Leong in first tender; analysts divided over value By. Ang Wan May IN search of a flagship hotel in Singapore perhaps, the Far East Group has put in the top bid of
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    • Article, Illustration
      Lock icon Robertson Quay Hotel making an impact
      277 3 NEWLY-opened Robertson Quay Hotel by the Singapore River is causing a stir in the area by offering a business class facade and budget rates. Minutes away from financial hub Shenton Way, the hotel offers no frills accommodation for just $80+ a night. "It's one
      ARTHUR LEE  -  277 words
    • Article
      Take it an the chin, developers
      583 3  -  LETTERS TO THE EDITOR Low Koon Hoong Singapore THE opinions expressed by Lim Say Boon in "Redas appeal has valid grounds" (BT, Aug 15) deserve a response. He took one invalid and absurd statement ("the government should keep its hands off the market") gleaned
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    • Article
      PSA's well-known as a developer
      342 3  -  John Lim Assistant Director Corporate Communications The Port of Singapore Authority WE refer to Tuesday's article entitled "When PSA joins the property fray". In the first paragraph, the writer stated that now, the Port of Singapore Authority (PSA) is joining (the other GLCs as developers)".
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      322 2 Announcing: Enrollment for 1997 Fall Semester for university students living in Singapore.* OFS College with California State University, Dominguez Hills, California, USA 7A.ake 'AppCication for OFS College provides the first two years of a California State University college m J J J degree program for overseas university students living in
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      10 2 0 MIKIMOTO The Originator of Cultured Pearls Since 1893 T
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  • Page 3 Advertisements
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      162 3 c 2.38 a.m. A hard dav's ni^ht?. i HISSED 5».f .-B r: *r -^hff r a: 1 1 Not so at the SIA Building. As the rest of Singapore sleeps, business doesn't stop at the SIA Building. By simply pushing the keys of your telephone, you'll have access to the
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon More choices in East Coast
      352 4  -  But how the two 99-year projects will fare is uncertain By 1 Diana Oon Buyers looking for leasehold landed homes in the East Coast will soon have two more projects, along Jalan Chempaka Kuning in district 16, to choose from. Listed Centrepoint Properties is expected
      Source: URA  -  352 words
    • Article
      Guide to over 500 residential projects
      191 4 [SINGAPORE] Property consultancy Jones Lang Wootton (JLW) and SNP References yesterday jointly launched the Guide to Private Residential Properties in Singapore. The guktt comprised Tfco volumes covering central and suburban areas and has an updated and comprehensive listing of both landed and nonlanded properties.
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    • Article
      House Hunt
      1116 4 Property transactions for districts IS and 16 (sectors 42 to 45 and 46 to 48) lodged between Jul 7 Wand Aug 16 "97. PROJECT NAME/ PROF CONTRACT TEMURE MLHN/ MBCI PSf STREET NAME TYPE DATE IAH0IKA* (soft) <sm» CSS} District 15 Non-Landed AmberviHe Apt 02/35/97 99 1722 763
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      139 4 lATY til v I \j?f I MmV J iBBBfc Brand new modern light industrial building wjth *j> excellent corporate image. J>/ Within walking distance to MRT Station Close proximity to CBD and amenities. Separate lobbies for 2 passengers 4 cargo hfls. Amplecarpaiianpptolsololi 4 j 24-honr security y Available space (ram
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      Page 4 Advertisements Column 2
      111 4 SPNTEC TOWER OWE I»THE PEWTHOOSE I FOR COMPANIES WHO NEED 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 Leasing Terms >■ Conference Latest AV
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Current account deficit may soar, says Mahathir
      387 5 KUALA LUMPUR If M$ continues to weaken, numbers can be worse than predicted: PM AFP MALAYSIAN Premier Mahathir Mohamad yesterday said that the country's current account deficit may soar if the ringgit continues to weaken. Asked to comment on analysts' predictions that Malaysia's
      AFP  -  387 words
    • Article, Illustration
      Lock icon Asean currencies rally as rupiah strengthens
      304 5  -  SINGAPORE Indon onit gains 8% from record low of 3,020 against US$ By. Larry Wee THE Indonesian rupiah made a strong 8 per cent recovery by the close of Asian trading yesterday from its record low of 3,020 against the US dollar on Tuesday.
      Source: Dow Jones  -  304 words
    • Article, Illustration
      Lock icon Peso rises for first time in fortnight
      150 5 MANILA AFP PHILIPPINE President Fidel Ramos yesterday said a sound economy was the only bulwark to currency weakness as the peso rose for the first time in two weeks after authorities tightened liquidity. Mr Ramos said the government would continue to leave foreign
      AFP  -  150 words
    • Article
      Lock icon M'sia freezes recruitment of Filipino maids
      132 5 KUALA LUMPUR NST IN a move which surprised many maid agencies, the home ministry has frozen the recruitment of Filipino domestic helpers with immediate effect. It did not give any reason for its actions. Immigration director-gen-eral Zakri Abdul Rashid, who confirmed the freeze on
      NST  -  132 words
    • Article
      Lock icon Indon prices go up on weaker rupiah
      393 5 JAKARTA Reuter INDONESIAN retailers have raised the prices of many goods because of the rupiah's slide against the dollar, but the move could be temporary, economists and news reports said yesterday. Several companies manufacturing goods with high imported content increased prices in response
      Reuter  -  393 words
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      49 5 t v nv iv •9c 1/ ucni.cn. nwK kbt wnnj c n i cnr r i i vrrca rnvn lcpar ru/ii/, amunrvKC i ft. mjm J Tiptronic. Smarter than automatic, more versatile than manual. The Audi A 8 4.2 quattro. Drive for the driven. Audi OQC"VN Advancement through Technology
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Controversial HK election bill clears first hurdle in legislature
      234 6 HONGKONG AFP A PLAN for legislative elections in Hongkong that has been lashed by democrats as a return to old colonial ways cleared its first hurdles in the China-appointed legislature here yesterday. Deputies gave their approval to a first and second
      AFP  -  234 words
    • Article
      China central bank governor to be next Shanghai mayor: report
      431 6  -  HONGKONG China Everbright chief tipped to succeed Dai at bank after party congress By* Quak Hiang Whai CHINA'S top central banker Dai Xianglong is expected to become the next mayor of Shanghai, and replacing him at the helm of the
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    • Article
      Lock icon China bars foreign stakes in radio, TV
      183 6 BEIJING Reuter CHINA yesterday ruled out foreign investment in radio and television stations, which serve as tighUy censored government mouthpieces. The State CouncU, or cabinet, had issued new regulations on the management of TV and radio stations, banning foreigners from investing in any
      Reuter  -  183 words
    • Article
      Lock icon Beijing calls for vigilance alter baht crisis
      344 6 BEIJING Reuter CHINA should take precautions to prevent a currency crisis similar to the one that has battered Thailand, the official People's Daily said yesterday. "We have to be awakened by the Thai economy's decline from its prosperity," the newspaper said in a
      Reuter  -  344 words
    • SINO Briefs
      • Article
        Lock icon Taiwan Q2 current account surplus falls
        103 6 AFP [TAIPEI] Taiwan enjoyed a US$l.O5 billion (Ssl.6 billion) current account surplus in the three months to June, down from a US$l.99 billion surplus a year earlier, the central bank said yesterday. The bank attributed the drop in the current account surplus in the
        AFP  -  103 words
      • Article, Illustration
        Lock icon Hold your breath
        98 6 AFP [HONGKONG] Hongkong people with heart or respiratory illnesses were advised yesterday to stay indoors as the year's worst pollution levels hit Hongkong. Pollution levels in urban, industrial and new development areas reached 110 on a scale where 100 is deemed "unhealthy", a spokesman for the Environmental
        AFP  -  98 words
      • Article
        Lock icon China frowning on electronic pets?
        110 6 AFP [BEIJING] Senior Chinese officials are getting involved in the battle against the recent invasion of Japanese electronic pets, warning that toilet training a micro-chip has no social or spiritual value. "It is naive to expect children to develop loving hearts simply by playing with
        AFP  -  110 words
    • Article
      A political headache for Taipei
      648 6  -  LBTTHR FftOH TAIPEI New PM faces baptism by fire If kidnap killers arent nabbed By Bruce Cheesman THE latest act of incompetence by Taipei's bungling police in allowing the island's most wanted fugitives to flee after a televised shoot-out watched by millions has caused a
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    • Article
      Taiwan's ruling party all set to enter banking business
      518 8  -  TAIPEI It plans to take 30% stake in new bank, turn investment arm into industrial bank By Bruce Cheesman TAIWAN'S mighty Kuomintang (KMT), one of the world's richest ruling parties with a shadowy business empire encompassing more than 70 companies and
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    • Article
      Lock icon China to merge 4 petrochem firms
      392 8 SHANGHAI Move ahead of crucial Communist Party meeting to pave way for state firms reform Reuter CHINA plans to merge four major petrochemical companies in a move which analysts said yesterday was aimed at charting the way for the rescue of ailing state enterprises.
      Reuter  -  392 words
    • Article
      Lock icon Moves afoot to tighten supervision of Shanghai insurance
      197 8 SHANGHAI Reuter CHINA plans to boost supervision over Shanghai's insurance industry this year through a series of steps, including banning new insurance branches in the city before year-end, Xinhua said yesterday. Shanghai is home to China's largest insurance market and is also
      Reuter  -  197 words
    • Article
      Lock icon China fines 15 firms US$12.6m for unauthorised building
      259 8 BEIJING City officials rapped for allowing use of 195 ha of state land AFP BEIJING authorities have slapped fines totalling a record US$l2.6 million (5519.1 million) on 15 real estate and construction-related firms for building on land without government permission, a report
      AFP  -  259 words
    • Article, Illustration
      Lock icon Kenny Rogers' chain in China
      67 8 [BEIJING] A Chinese man walking past a large painting bearing the likeness of a famous American country and western music singer outside a soon-to-open restaurant yesterday. The chain restaraunt, which is endorsed by Kenny Rogers, is one of several in the capital, featuring home-style American
      REUTER  -  67 words
    • Article, Illustration
      New debate on state of economy
      650 8  -  CHXMA WATCH Two schools of thought bold opposite views on monetary policy By Lu Ning EVEN as Chinese leaders have barely streamed back to Beijing from the summer beach resort Beidaihe where they met to set the agenda for the coming party congress, the
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  • Page 6 Advertisements
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      513 6 ASIA-PACIFIC EXECUTIVE MASTER OF BUSINESS ADMINISTRATION (APEX-MBA) For mid-career executives with a recognised first degree and at least 10 years' work experience 18-month programme, comprised of 6 intensive, residential segments. Each segment lasts 2 weeks, during which classes are held for 9 hours between BAM and 9PM, Monday Saturday 12
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      Page 6 Advertisements Column 2
      81 6 on hand and fjoot without spending an arm and a lea? C9fj course. Enjoy yoar stay in oar luxuriously famished Carlton Clab rooms and suites complete with batler service, complimentary breakfast, et<ening cocktails and canapes. Carlton Clab Room from SslBCT**. Suite from SS26CT All Mill XT i)f Curtton Hoieis AiK'kkutd
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      105 8 r-. V 'l V. mIBS/ST* JSfr BETTER FOR BUSINESS IN BEIJING gK"'" Holiday Inn Lido Beijing is positioned for business. Your business. The ideal location, at the edge of the financial/business district, allows you to go alxwt your business faster and, at the same time, enjoy a much needed break
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  • FOCUS
    • Article, Illustration
      Lock icon S Korean business' ray of hope
      1264 9 Economic crisis for big business is also opportunity for fundamental reform FT A QUIET revolution is under way in South Korea. It is coming about in response to the past dreadful year for Korean business. Three of the top 30 chaebol (conglomerates) have collapsed.
      FT; FILE PHOTO  -  1,264 words
  • Page 9 Advertisements
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      126 9 I I i FASTER FOR SURE. 1 u If time is money, SIA Cargo's Swiftrider service could save you a fortune. ®;v>-? Swiftrider shipments take off with priority handling and clearance, later close-out ,>►• •<■> f -"w' iWf^-J!^- v ".h 1:;^?^^/'. l v 7 v' V x r C times,
      126 words
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  • ASIA
    • Article
      Lock icon Court orders second probe into death of 'Biscuit King'
      198 10 NEW DELHI AFP AN Indian court on Tuesday ordered federal detectives to investigate for a second time the death of Asian "Biscuit King" Rajan Pillai while in prison here in 1995. Delhi's chief metropolitan magistrate Prem Kumar asked the Central Bureau
      AFP  -  198 words
    • Article, Illustration
      Lock icon Rupee slides 1% on talk of float
      536 10  -  NEWDELHI Report of remarks by PM sparks fall; no plans for a band yet, says central bank By Rajendra Bajpai THE Indian rupee tumbled by more than one per cent yesterday after Prime Minister Inder Gujral was reported by a newspaper as saying
      boiiw Howbn|  -  536 words
    • Article
      Lock icon S Korea govt pumps 1.6 trillion won into banks
      345 10 SEOUL Bid to meet rising demand for fond* before Sept holidays Bloomberg THE South Korean government pumped 1.6 trillion won (552.7 billion) into cashstrapped commercial banks in a bid to meet increasing demand for funds before Chusok, or the Harvest Moon
      Bloomberg  -  345 words
    • Article, Illustration
      Lock icon World's fastest train
      58 10 [TOKYO] The West Japan Railway Co announced on Tuesday that the new Shinkansen bullet train the Nozomi Series 500— was registered as the world's fastest in the Guinness Book of Records, surpassing the French TGV. The train clocked an average24s.s kmh between Shin-Osaka and Hakata station and
      AFP  -  58 words
    • Article
      Indian coalition to discuss raising oil product prices
      318 10  -  NEW DELHI By' Yogi Aggarwal THE United Front steering committee will discuss today the controversial question of whether to raise prices of petroleum products. At issue is an accumulated 155 billion rupee (555.7 billion) deficit in the oil pool account that is
      318 words
    • Article
      Lock icon Aussies launching risk capital market on Internet
      422 10 MELBOURNE Reuter THE Australian Stock Ex-' M change (ASX) yesterday launched an electronic marketplace for risk capital in a move designed to throw a lifeline to small businesses and overcome a decade of neglect by investors. The ASX Enterprise Market is expected to
      Reuter  -  422 words
    • Article
      Lock icon Japan firms plan oil pipeline
      93 10 TOKYO AFP THE Japanese government's National Oil Corp and 10 private sector companies plan to develop an oil pipeline at an estimated ii cost of one trillion yen (5512.8 billion) in Russia, a report said yesterday. The participating companies will form a joint venture this
      AFP  -  93 words
  • Page 10 Advertisements
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      568 10 I '1'»? 41 Bank I Keppel Bank of Singapore Limited I (Incorporated in the Republic of Singapore) Sr j» r V The Board of Directors of Keppel Bank of Singapore Limited is pleased to announce the following:- 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1997 THE GROUP
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      Page 10 Advertisements Column 2
      91 10 We provide consultancy services on offpbore 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
      91 words
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  • THE WORLD
    • Article
      Lock icon Is Fed missing the signs of wage hikes?
      790 11 WASHINGTON UPS concession to strikers seen by some economists as signs of fntnre demand for higher wages NYT THE Federal Reserve's job is to anticipate economic trends and to act on such assumptions months in advance. So its decision on Tuesday to
      NYT  -  790 words
    • Article, Illustration
      Lock icon A giant reminder of landmines
      67 11 [GENEVA) A giant wooden chair 12 metres high, with a shredded leg, stands in front of the UN European headquarters here. Put up by Handicap International and the Swiss foreign department, it symbolises the 26,000 legs wounded by mines each year. It will stay in
      REUTER  -  67 words
    • Article
      Lock icon Russia says it's set to become world's top arms exporter
      371 11 ZHUKOVSKY, Russia Officials say 1997 deals will top USslob, beating US Reuter RUSSIA twitched aside the veil over its arms negotiations yesterday in a bid to prove it is well on the way to replacing the US as the world's
      Reuter  -  371 words
    • Article
      Lock icon US Exim Bank delays US$2b worth of exports
      449 11 WASHINGTON Bloomberg The US Export-Import Bank is on the verge of running out of money, delaying nearly US$2 billion (Ss3 billion) worth of US exports and possibly putting US firms at a competitive disadvantage against international firms, according to bank and industry
      Bloomberg  -  449 words
    • Article
      Lock icon US chipmakers in drive to lure hi-tech workers
      360 11 WASHINGTON Firms need to train more than 40,000 skilled workers over next five years Bloomberg US SEMICONDUCTOR companies, including Motorola Inc and Intel Corp, which face a looming shortage of skilled workers, have launched a nationwide education and recruitment campaign to lure
      Bloomberg  -  360 words
    • Article
      Lock icon US trade deficit down 14.5% in June to US$8.2b
      459 12 WASHINGTON Imports finally ease as exports race to record, bnt gap with China widens Reuter THE US trade deficit dropped unexpectedly by 14.5 per cent in June as imports declined for the first time in eight months and exports set a
      Reuter  -  459 words
    • Article
      Lock icon UK windfall spending spree already winding down
      310 12 LONDON Reuter WINDFALL cash from building society flotations has swelled the wallets of British consumers over the last few months, but the high streets may already have seen the last of the big spenders. Economists said yesterday the main spending spree appears to
      Reuter  -  310 words
    • Article, Illustration
      Lock icon Elephant in a china shop
      76 12 [LONDON] Raja (aged three), one o/Woburn Safari Park's three baby elephants, backed his 850 kg bulk into.a Woburn china shop on Tuesday as he and his two pals, Chandrika (five) and Damini (three), went for a walk down Woburn High Street for the first time.
      AFP  -  76 words
    • Article
      White House sought cash: businessman
      215 12 m WASHINGTON A CHINESE-American businessman said he effectively bought a meeting with the former energy secretary for some Chinese oilmen and reiterated claims he was asked for a donation by the White House. California businessman Johnnie Chung told NBC television on Tuesday that a lobbyist
      215 words
    • Article
      Lock icon OECD report boosts Bonn's EMU hopes
      455 12 BONN It says Bonn has good chance of meeting strict criteria FT GERMANY has received a boost in its drive to ensure the strength and stability of the proposed single European currency after the Organisation for Economic Co-operation and Development said the German government
      FT  -  455 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      134 11 This announcement appears as a matter of record only. July 1997. RM12,000,000 Private Placement of Equity and Redeemable Cumulative Convertible Preference Shares t ARTICULATE Articulate Corporation Sdn Bhd (Company No. *****9-1/. The Holding Company of the Articulate Group of Companies) TV Programming Interactive TV Games Audiotext Multimedia and Edutainment Software
      134 words
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      Page 11 Advertisements Column 2
      108 11 human resources and others. Dates: 1-2 September, 1997 Place: Intercontinental Hotel, Singapore Fee: US$93<VS$l3OO (per participant) Jointly Organised by: The Asian Banker Journal and Coopers 8r Lybrand For details, please telephone 332-9113 or fax 332-9098 Bring along the manual you're working on! DO m I impr&za 280 HP 4 ggpr^|
      108 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      310 12 Benefit From The Best! AwL Jff Make Business Alliances Work For You. <Sr> Larraine D. Segil, author of 'Intelligent Business Alliances', will t Jjfijjn be here to address your queries on establishing successful Business jJRfj Alliances. Alliances that are fail-proof and profit generating. Hear her winning formulas on avoiding those
      310 words
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      Page 12 Advertisements Column 2
      305 12 J IIfj.I.MIFELS Keppel FELS Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1997 The Directors of Keppel FELS Limited advise the following unaudited results of the Company and of the Group for the half year ended 30 June 1997: COMPANY
      305 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Elastic labour market in US under attack?
      746 13  -  THE BOTTOM LOVE OPINION By Leon Hadar The writer is BT's Washington correspondent SO was the just ended nationwide strike at the United Parcel Service (UPS), America's largest delivery company, a reflection of growing unrest among workers that could ignite pressure to raise
      746 words
    • Article
      IN OTHER WORDS
      95 13 'We've got another month of the perfect world under our belt' Nondyn Marshall an economist as reports showed the US economy is growing without much inflation. 'Even if we have to resort to eating raw grass, we will not kneel.' -Taaaer Arafat accusing Israel of blocking attempts
      95 words
    • Article
      It's back to business for India
      651 13 EDITORIAL NOW that the festivities to mark the 50th anniversary of independence are over, Indians might look back and ask themselves what it was all about, and, more to the point, how the next 50 years can mark a more meaningful epoch in the
      651 words
    • Article, Illustration
      Lock icon S-EA should go fixed
      1178 13  -  All the currency crises of the 1990s featured pegged rates hence, fixed rates may be a good option By Kurt Schuller The writer, a monetary consultant in Arlington, Virginia, is the author of Should Developing Countries Have Central Banks? (London: Institute of Economic Affairs, 1996). He
      REUTER  -  1,178 words
    • Article
      US riot seeking special arrangements from Manila
      481 13  -  MAILBOX Michael H Anderson Counselor for Public Affairs US Embassy, Singapore YOUR Manila correspondent A 1 Labita's Bottom Line column (BT, July 22) entitled "Doomed: US Bid for New Treaty with Manila", contains a significant amount of misinformation, and I would like to
      481 words
    • Article
      WHAT THE OTHERS SAY
      110 13 Potttkilpimontkßifdß THE sudden transfer yesterday of Prapol Smutraprapoot from the position of direc-tor-general of the Highways Department to deputy permanent secretary for transport and communications could be (seen) as yet another example of political persecution. Bangkok Post, Aug 20 MipmntotbiflOPirMcwf A REPUBLICAN strategist from Washington was
      110 words
  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Some fun for the weekend
      986 14  -  Catch the Caltex rally for a pulsating time or join the more leisurely Heritage hunt says Christopher tan CHRISTOPHER TAN Alright motor sports fans, cancel that golf game and postpone that dinner date. Because there will be not one, but two auto events to put
      ARTHUR LEE  -  986 words
    • Article, Illustration
      Lock icon Drawing inspiration from myth
      655 14  -  THEATRE Mnhi-lingiial elements add Dew twist to two classics ami J^r By Ben Munroe THE Necessary Stage theatre company is into the final stages of rehearsals for a new piece Galileo, (I feel the earth move...), building on the artistic, if not commercial, success of Pillars
      FILE PHOTO  -  655 words
    • BUMPER to BUMPER
      • Article
        Vehicle population op 1.6% at end-July
        111 14 FOR the year to end-July, Singapore's motor vehicle population rose 1.6 per cent to 678,732 units, according to Land Transport Authority figures. All segments chalked increases except for weekend or off-peak cars, which fell 12.4 per cent to 7,664 in the period. Of the
        111 words
      • Article
        Hi-tech shields and parking lot detectors
        153 14 CITYTRANS Asia '97, the fourth in a series of land transport exhibitions to be held from Sept 25-28 at the World Trade Centre, will feature some new technology and products. These include polyurethane panels designed to deflect weight and impact to protect car occupants
        153 words
      • Article
        New Mini to be built in Birmingham
        54 14 BMW-owned Rover has confirmed that the now Mini will 00. be built at its Longbridge plant in Birmingham. Meanwhile, sales of the marque grew 5 per cent to 250,382 in the first half. Demand for Land Hover products set a new record 0f60,000
        54 words
      • Article, Illustration
        LTA's new road monitor
        75 14 WHAT looks like a cross between a mini-bus and a sweeper f is actually the Land Transport Authority 's recently leased road monitor. The state-of-the-art machine (above), from England, is equipped with two video cameras and a satellite-linked global positioning system. It can check road quality
        75 words
      • Article
        Drive a virtual Porsche
        109 14 rvJK a really anoroaoie Forscne driving experience, try Sony's Porsche Challenge, a racing game for the Playstation game console from Sony. Players get a choice of saven BoxaMwuitl HjlMMfrln i n of them women) and shortcuts. iftanualtrafts or Tiptronic; 1 with top speeds realistically limited to
        109 words
      • Article
        Rover's Freelander expected in April
        116 14  -  Compiled by Christopher Tan LAND Rover's answer to the affordahle sport-utility market, the Freelander range, will probably make its debut here in April. Talk has it that the distributor wants to price it around the same level as the Honda CR-V, one erf the r>
        116 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      71 14 On the occasion of 25 years in business The Tolman Collection is happy to announce the opening of our newest gallery The Tolman Collection, Singapore Pte Ltd 10 Teck Lim Road Tel: 223 3303 Fax: 220 3011 OPENING EXHIBITION EIGHT GALLERY ARTISTS August 21 September 15 11am 7pm The modern
      71 words
    • Advertisement
      Page 14 Advertisements Column 2
      108 14 SALUT RESTAURANT 8c WINE BAR H| fj A celebration of border culture zvitfi Jrench Italian cuisine. 4-Course "Executive Set Lunch menu at $32.00+++ or a choice of a la carte. Jr All specially prepared by Mead Chef 9(arl Dobter. 'Our Set Lunch menu changes every Monday and' Thursday. To place
      108 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      29 15 Where to wine, dine and entertain... I I unorv Vw I Sea rood I res i Imm me Net... H |nlii i \fi OL/rS<Df CBD AMPL f FREf PA
      29 words
    • Advertisement
      Page 15 Advertisements Column 2
      238 15 It's a Celebration! jf Delight the kids with a tfjfK treat this weekend. JjjfeV A HIGH TEA 1 Saturday, Sunday A Public Mjßa Holidays FroM 3.60pm 5.00pm U MAGIC SHOW ftmL y/ Every Sunday jff Amr 1 00p 130pm 3 30 < m 40 °pm 20rFor reservations, please call N
      238 words
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      Page 15 Advertisements Column 3
      146 15 Far the best catch in town with the greatest variety of seafood, and the juiciest sizzling steaks by a relaxing poolside setting, -—Palm Terrace Open daily for all-day dining, alfresco style with an exotic Balinese setting. For reservations, please call 731 7990. ftOVAI CROWNE PLAZA' IKUMM 25 Sam AW Snppr,
      146 words
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      Page 15 Advertisements Column 4
      73 15 SINGAPORE BUSINESS Giving you the winning edge I 01 ad\ertisemeni details .>n Wine, Dine and Entertain, please e;ill \Jcline (i» »h ;ii 740 2212 55# Singapore Press Holdings TheßusinessTimbs j I For Sharper, I Subscription Form FaStCT and I J Name (Mr/Mrs/Ms/Dr*): j Address: j i analysis of the i
      73 words
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      Page 15 Advertisements Column 5
      71 15 ysfc^ 24-hour Coffee House Ist floor The Chicken Rice Capital Of The World HR~ YniiTT m ft^wcrrrr 333 Orchard Road, Singapore *****7. Tel: 737 4411 ►The new Phoenix Garden Cafe is now open Right in the heart of Orchard Road Popular Buffet Lunch, High Tea and Dinner ►Two function rooms,
      71 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      779 15 TV&RAPIO PrwtartlS News 5 Tonight. 840 Festival Filem ICI Dulux: ILOO Bay watch Nights The Layar 12 Aku Mahu Hi--2.00 PM TV Innovations. Strike dup. H® J^ e Winners. 12.00 MN Savannah. IOJO Say You Love Me (Japa- OT e L^ oney y> 12.45 AM Lexx Super Nova nese Drama).
      779 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      218 15 CRYPTIC CROSSWORD 4 Brutish affected manners, say, ~iHl ~llT Hfl IF of privateers (8) 9 Round the navy, tea is served 9 I j in fancy style (6) 13 Some prehistoric reptiles Lm hh —LnJ 14 Total powers where oil is found 20 Book showing currant-cake, |p|^ 29 Einstein, for
      218 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      432 16 I CHRONO LINER Typical of Chronoliner chronographs, the The two men will fly in a revolutionary rider-tab bezel was designed in the early 1980s pressurized and unsinkable capsule made of when Breitling developed the Frecce Tricolori kevlar and fiberglass. It is designed to allow flying team's new Chronomat wrist the
      432 words
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  • COMPANIES & MARKETS
    • Article
      KepLand interim up 85%, helped by $48m boost
      503 17  -  Exceptional gain from sale of stake in China Square unit By, Abdul Hadhi [SINGAPORE] Keppel Land has romped in with an 85.4 per cent jump in group net earnings to $83.97 million at halftime, thanks largely to an exceptional item of $48.2
      503 words
    • Article
      Keppel Bank pulls net up 16.5% to $49m
      406 17  -  Loan demand healthy bat regional business growth pace cautious Reports by l Conrad Raj [SINGAPORE] KEPPEL Bank yesterday posted a 16.5 per cent increase in group net earnings to $48.97 million for the six months ended June. Earnings at the bank itself
      406 words
    • Article
      Keppel Fels interim profit dives
      275 17 [SINGAPORE] Were it not for contributions from associate companies, Keppel Fels would have reported an interim group loss instead of interim net earnings of $11.19 million. But the 32 per cent increase in contributions from associate companies to $15.09 million was not enough to prevent
      275 words
    • Article
      Foreign loans exposure: local banks need to tell more
      655 17  -  HOCK LOCK SIEW Siow Li Sen ALL the local banks have released their interim results. While the Big Three are broadly in line with expectations, the sparkler for the season was Overseas Union Bank (OUB). United Overseas Bank (UOB) raised its
      655 words
    • Article, Illustration
      Lock icon UOL interim up 22% to $32.4m
      337 17  -  By Diana Oon [SINGAPORE] Property developer and commercial unit landlord United Overseas Land yesterday reported a 22 per cent Increase In interim earnings to $32.4 million. Group turnover was helped by revenue from listed subsidiary Hotel Plaza's two new hotels Singapore's Grand Plaza Hotel,
      FILE PHOTO  -  337 words
    • COMPANIES
      • Article
        Haw Par first-half gain leaps 46% to $20.63m
        344 18  -  Big boost from equity investments; rise not expected to be sustained in 2nd half By) Diana Oon [SINGAPORE] Haw Par Brothers yesterday reported a 46 per cent jump in interim earnings to $20.63 million, and declared a half-year net dividend of 7
        344 words
      • Article
        JSL chalks up 16% profit rise
        408 18  -  More shipbuilding, floating platforms upgrading contracts Byy Ven Sreenivasan (SINGAPORE) An increase in shipbuilding and offshore floating platforms upgrading contracts helped Jurong Shipyard chalk up a 16 per cent increase in interim net earnings to $19.29 million for the halfyear ended June 30. Earnings
        408 words
      • Article
        Waterbank, NatSteel, Ossia in £60m London property deal
        295 18 Residential-office project to be completed in 1999 [SINGAPORE] Waterbank Properties, Nat Steel Properties and Ossia Land have teamed up with a UK-listed group to buy a residential-cum-office development in London for £60 million (SJI44 million). The project, called Point West, is in
        295 words
      • Article
        Lock icon Moggie does not rule out selling Tenaga
        348 18 Bernama [KUALA LUMPUR] Energy, Telecommunications and Posts Minister Leo Moggie said he does not discount the possibility that the government may sell Tenaga Nasional or its units to other parties. "At the moment, we haven't thought beyond trying to restructure Tenaga itself," he
        Bernama  -  348 words
      • Article
        ST Computer interim up 15.8%
        268 18 [SINGAPORE] ST Computer Systems and Services said on Tuesday that group net earnings rose 15.8 per cent to $3.6 million for the half-year ended June 30. This compares with an 11 per cent rise in interim net profit last year to $3.14 million. The group
        268 words
      • Article
        CDP queue system for foreign buyers?
        123 18  -  LETTERS TO THE EDITOR Yuen Chung Kwong Singapore I REFER to the recent statement by the Monetary Authority of Singapore that banks are not planning to change articles of association to issue Local shares without voting rights to foreign owners. Because of scripless trading,
        123 words
      • Article
        Simon Cheong is an inspiration
        149 18  -  Simon Monteiro Singapore I REFER to your column "When a small player wins big, why the controversy?" (BT, Aug 14). I take my hat off to Simon Cheong. I work for an established real estate developer and take part in negotiations to clinch deals. Simon
        149 words
    • REGIONAL COMPANIES
      • Article
        Taiwan bull run a bonanza for foreign funds
        462 19  -  Record high 116.6% investment return in July fuelled by electronics stocks Prom, Bruce Cheesman THE profits bonanza for overseas institutional investors on the Taiwan Stock Exchange (Taiex) continues with foreign fUnds reaping record returns last month. Taiwan's seemingly unending bull-run has turned
        462 words
      • Article
        Dr M kills talk of Ekran pulling out of Bakun
        352 19  -  From, Eddie Toh in Kuala Lumpur MALAYSIAN Prime* Miniver Mahathir Mohamad is confident that Ekran Bhd will still be the developer of the Bakun dam despite an avalanche of problems. The Sarawak Tribune yesterday quoted Dr Mahathir as dismissing speculation
        352 words
      • Article
        Lock icon Fletcher survives economic downturn
        313 19 Reuter [AUCKLAND] The Fletcher Challenge group of companies largely survived New Zealand's economic downturn over the year to June, results released yesterday showed. As expected, FCL Energy proved to be the jewel in the earnings crown, with a huge leap in net profit to NZ$3OB million
        Reuter  -  313 words
      • Article, Illustration
        Lock icon Take a drive for tea
        57 19 [TOKYO] Models chatting around a passenger-seat-folded table in a cut-off-model of Mazda's new Capella during its press preview in a Tokyo hotel yesterday. The completely redesigned small car category four-door sedan, equipped with a 1.8 or 2.0 litre engine, incorporates wagon-like functions for multi-purpose use
        AFP  -  57 words
      • Article
        SingTel sells Lanka stake for US$18.85m
        191 19  -  78.74% stake in Lanka Cellular sold to Hutchison unit By 1 Teh Hooi Ling [SINGAPORE] Singapore Telecommunications has sold its majority stake in Sri Lan-ka-incorporated Lanka Cellular Services (Private) Ltd (LCS). Sing Tel said yesterday that its wholly-owned subsidiary, Singapore Telecom International (STI), sold
        191 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Bombardier Q2 profit slips as watercraft sales fall
        237 20 Reuter [MONTREAL] Second-quarter yearnings of aerospace and equipment manufacturer Bombardier Inc flipped as sales of its motorv|sed personal watercraft defined substantially in the US, Jne company said on Tuesday. Bombardier said it had net profit of C 587.8 million (5595.9 million) in
        Reuter  -  237 words
      • Article
        Lock icon US starts antitrust probe into US$150m Microsoft-Apple deal
        504 20 Also under scrutiny are Microsoft's deals in Net technology to transmit video images LAT-WP [WASHINGTON] The Justice Department said on Tuesday that it is scrutinising Microsoft's US$l5O million (Ss22B million) investment in Apple to determine whether it could squelch competition in the
        LAT-WP  -  504 words
      • Article, Illustration
        Lock icon Dell beats forecasts as Q2 net balloons 91%
        411 20 Bloomberg [ROUND ROCK, Texas] Dell Computer Corp's fiscal sec-ond-quarter earnings surged 91 per cent, topping estimates, as the company translated more sales of higher-priced servers and notebook computers into wider profit margins. Dell's profit in the quarter ended Aug 3 rose to
        Bloomberg; Source: Bloomberg  -  411 words
      • Article, Illustration
        Lock icon News Corp profit growth well below Murdoch's forecast
        438 20 Reuter [SYDNEY] Rupert Murdoch's global media group News Corp Ltd announced lower-than-ex-pected annual profits yesterday. citing a final-quarter slump from its film studios and big abnormal losses from its US publishing arm. News Corp's net profit before abnormal losses rose 2.5 per
        Reuter; FILE PHOTO  -  438 words
      • Article
        Wing Lung Bank interim up 18% to HK$483.72m
        357 20  -  Competition erodes interest margins of DBS-linked bank From< Quak Hiang Whai WING Lung Bank, in which Singapore's DBS Bank owns 10 per cent, has lifted first-half net profit by 18 per cent to HK5483.72 million (Ss94 million). The bank said it expanded
        357 words
      • Article
        Lock icon Tiffany, Dayton Hudson, Home Depot profits up
        279 20 Reuter [CHICAGO] Dayton Hudson Corp, Tiffany Co and Home Depot Inc on Tuesday reported robust profits for the second quarter, but results were sluggish at speciality retailers Ann Taylor Stores Corp and Limited Inc. The results showed inventory management, cost cutting and a
        Reuter  -  279 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon UBS pumping US$240m into private equity funds
        472 21  -  Money to go to Asia's promising industries in move to better utilise bank's assets By Catherine Ong [SINGAPORE] Union Bank of Switzerland (ÜBS) has given its private equity business in Singapore a boost with an injection of US$24O million (***** million) of the
        CHRIS LOH  -  472 words
      • Article
        People's Insurance gross premiums up 14%
        277 21  -  By\ Soh Tiang Keng [SINGAPORE] The People's Insurance a member of the Hwa Hong group chalked up a 14 per cent rise in gross premiums last year, outperforming the industry average of 8 per cent. In the company's latest annual report, chief executive Chew
        277 words
      • Article
        GAM S'pore now offers fixed income products
        328 21  -  Bermuda-baaed firm appoints fixed income fond manager here By I Shiv Taneja [SINGAPORE] Bermuda-head-quartered Global Asset Management is using its Singapore office as a base to offer clients Asian fixed income expertise, with the appointment of a fixed income fund manager here. GAM
        328 words
      • Article
        Lock icon C$2.9b bid opens battle for Canada's London Insurance
        482 22 Great-West Lifeco's offer tops loyal Bank of Canada's friendly bid of Cs2.4b FT (VANCOUVER] The prospect of a takeover battle for London Insurance Group, Canada's biggest underwriter of Individual life policies, opened up on Tuesday with a C 52.9 billion (513.2 billion)
        FT  -  482 words
      • Article
        Lock icon Bank of China reshuffles staff in HK again
        195 22 AFP [HONGKONG] The Bank of China on Tuesday announced key changes in its Hongkong operations in the second major reshuffle by mainland China's key representations here since the July 1 handover. The bank's vice-chairman, Yang ZUin, who is also chief executive of
        AFP  -  195 words
      • Article
        Lock icon Euroyen at new highs in thin trade
        226 22 SOKEBLReport Reuter [SINGAPORE] Simex Euroyen futures edged to new contract highs in thin trade yesterday on indications Japan's construction sector was facing further financial difficulties. Dealers said that the market continued to be supported by Tuesday's news that another Japanese construction company, Daito
        Reuter  -  226 words
      • Article
        Futures up as Dow, electronics stocks soar
        152 22  -  MSCITAIWAM rUTDRBS By Perry Gilbert, vice-president. Rtfco Singapore PteLtd [SINGAPORE] The Simex MSCI Taiwan Index futures contract rose yesterday, boosted by another strong WaU Street rally and a sharply higher electronics sector in the Taiex. ING Futures Options was a noted buyer, with
        152 words
      • Article
        Lock icon Angola oil find may be Africa's biggest
        257 22 ENERGY REPORT Reuter [LUANDA] An offshore oil find in Angola by Elf Aquitaine could be one of the biggest in Africa and hold in excess ofsoo to 700 million barrels of reserves. Elf said on Tuesday that the new find was made in
        Reuter  -  257 words
      • Article
        Lock icon CURRENCY REPORT
        266 22 Reuter, AFP THE US dollar continued to rise against the mark amid predictions that there would be no rise in German interest rates later this week. An economist said that the dollar rose slightly "but the rise was muted amid extremely thin trades in the holiday period". Most
        Reuter,; AFP  -  266 words
      • Article, Illustration
        Untitled
        1258 22 DfTBRBAMK CROSS RATBS Aug 20 A| Ct la* ECU Ffr Oa US MbkiM Ym Wm Mi NZSNftb hM St M «r HI talrt Pool US$"~ SB? Li 1KJ o,„: CNna 0.142 0148 0.TT3 0.749 0222 0931 4312 3345 0142 1081 0234 0188 42M 3.470 0181 0348 0183 3.457 3J50 0.075
        1,258 words
    • Article
      COMMODITY PRICES
      1466 23 noon rwTUKBS Aug 20 r 1 MIIKt (Mm cMm m 5 jom>) CtoM Voino Opw MM> —> U» fctt (hHU XW* SW 136.75 375 ♦7 139.00 125 MM MM 97 M2.00 125 WO OCC97 144.75 M4.75 144.50 625 090 Jn/Mv 96 80.50 150.50 150.50 525 5310 S/J»9e 8450
      1,466 words
    • Article
      Lock icon TOKYO
      1590 23 AFP Q Nikkei 225 *2»L23 JAPANESE share prices rallied on futures-led gains in late trading yesterday, although underlying investor sentiment remained cautious. Brokers said stock index futures turned sharply higher in closing trade, helping to offset modest declines which were seen mid-way through the afternoon session. Bargain-hunt-ing also supported
      AFP  -  1,590 words
    • Article
      WORLD STOCK MARKETS
      1931 23 mw Nt» 31 Group 490 AS Pacts 271.400 1400 UMyNlttoMl 832.400 20.400 MMDonwcq 473 -143 Amoc 150 -2 AsdoGroup 149.600 *1.200 BAT Ind 508 -1.400 BG PIC 259 5 BtCC *****0 -1 BOC Group T131 *19.600 BR PctroMum 8«0 30 BTW 219 -8 Bonk of Scotland 419
      1,931 words
    • Article, Illustration
      Lock icon JAKARTA
      728 24 AFP Composite Index +2.14 STOCKS rose yesterday as the rupiah rallied and amid buying of heavyweight stocks led by government-related issues. A dealer said the market should have recovered much more strongly as the rupiah strengthened against the US dollar. But high interest rates had made the stock market
      AFP  -  728 words
    • Article, Illustration
      Lock icon HONGKONG
      1532 24 AFP PI Han* Sen* +378.41 SHARE prices surged 2.4 per cent yesterday after a rally on Wall Street and with pressure on the Hongkong dollar seeming to fade, dealers said. "The market ignored currency woes as interest rates are down, with retail and institutional buyers going bargain hunting," said
      AFP  -  1,532 words
    • Article, Illustration
      Lock icon CHINA
      641 24 Reuter QShenzhenß Index jjj THE Shenzhen B share market closed lower yesterday, with foreign investors redirecting funds to the strong Hongkong market. The B Share Index ended down 1.66 points to 145.22 on turnover of HK1139 million. The A Index gained 4.20 points to 369.71 on turnover of 2.4
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  641 words
    • Article
      Lock icon TAIPEI
      381 24 AFP QWPMg ****** STOCKS jumped 1.5 per cent yesterday as electrical issues were lifted in tandem with major gains among US technology shares. "Following a month of consolidation and supported by a robust performance among high-tech shares on Wall Street overnight, electricals turned good buys for investors here," said
      AFP  -  381 words
    • Article, Illustration
      Lock icon BANGKOK
      813 24 AFP □set Index -4JJ3 SHARE prices closed marginally lower yesterday with investors selling blue chips as economic turmoil and political concerns dogged the market, dealers said. "Investors were preoccupied with the government's attempts to limit the impact of the incoming austerity measures on the public while taking the necessary
      AFP  -  813 words
    • Article
      Lock icon MANILA
      316 24 AFP □iefc *3M> STOCKS rose 1.7 per cent yesterday on a technical rebound following a plunge the previous trading day. "The prices are improving but a lack of volume is an indication that it's simply a technical rally after the steep drop on Monday," a trader said. The Composite
      AFP  -  316 words
    • Article
      Lock icon SEOUL
      403 24 AFP Composite Index +Q4 SHARE prices closed higher yesterday, led up by bluechips. Dealers said investor sentiment seemed to have improved slightly, but many still preferred to be cautious and remained on the sidelines. The Composite Index closed up 4.94 points at 746.23. Turnover was 34.9 million shares worth
      AFP  -  403 words
    • Article
      Lock icon SYDNEY
      610 24 AFP W AH Ordinaries +I*B SHARE prices rose 0.4 per cent yesterday, spurred by bargain hunting and a further recovery on Wall Street. "The main index drifted higher towards the end due to a little bit of bargain hunting but the focus remains on how the US will do,"
      AFP  -  610 words
    • Article
      Lock icon WELLINGTON
      264 24 Reuter □Wellington »BJI SHARE prices ended slightly higher yesterday. By the close, the NZSE 40-share Capital Index had gained 8.91 points to close at 2,502.79 on turnover worth NZ$6B.5 million. m 20 m c—> ANZ B«nk>r>4 11.50 -0.10 8769 Advaflt09»» HM?S 0.95 uncti 52T70 Air Now Zooiond (A) 2
      Reuter  -  264 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8379 25 INDUSTRIALS COAMMMf prO*Ktf 1997 L«t vd o*v n.« cm High Lew Company Ml OOP High low P/I SmM 790 480 Ajinomoto 490 10 3 490 490 27.1 198.6 448 269 Angkasa 280 6 15 280 274 8.3 412.9 905 600 Apollo food Hlg 630 unch 2 630 620 18.3 252.0
        8,379 words
      • Article, Illustration
        Lock icon Shares higher on late program buying
        323 25 AFX-Asia Q Composite Index *4428 SHARE prices closed sharply higher across the board yesterday on local support and program buying by foreign ftinds, dealers said. The KLSE Composite Index closed at a high 0f929.57, up 44.26 points. The Emas Index gained 10.08 points to
        AFX-Asia  -  323 words
      • Article
        Untitled
        254 25 Up D—n UncO Consumer pro 44 4 4 Mpr< 73 8 9 Construction T7 3 4 Tr*4n$/Svc U 4 S mfrostru 4 0 0 Flnanct 60 2 3 HoM S 0 0 Property 57 5 4 P1*nt«tlo« 30 I Mtntng TOO Trust 4 0 0 Lmb 94 *0 13 RtsAVwrants
        254 words
    • WARRANTS & OPTIONS
      • Article
        Kulim wrt has upside potential
        216 26  -  WARRANT WATCH By' Ven Sreenivasan MALAYSIAN plantation stocks have generally held up better than other stocks In the wake of the turbulence In the regional currency markets. This is probably due to the fact that the ringgit's fall could benefit these companies, which tend to
        216 words
      • Article
        Untitled
        3648 26 MNOI, LOANS ft WARRANTS Uw MM Crh>>wi» U! (000) M«ii taw BvytT ISer MM M Mm J000 m AMD! (I.IH*****4 M 41 f 41.1 1140 •AcsrWOWTJIUII 44 uncft 11 44 Ml M M.I 131 M Jl«4 Aem# ******4 U ♦0.» M Ml II M.I M II 3W ANTtch *010#07 1M
        3,648 words
    • Article
      CLOB INTERNATIONAL
      2311 26 MALAYSIAN STOCKS 6r Gr 1997 LMt Vtl Day LattOuot* Otv My YW Nat M Cap High Law Stno Company Sato COOO) High Law Buyar Saflar C*w P/I $m* ~478 212 m j 5000 AISB 50c 228 4S6 228 213 225 229 50 4.9 0.6 49.5 233.9 137 72.5
      2,311 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1597 27 TUtHOVfl (*000) VALUE (*000) Mm 0» Tt* ait T«m 51,177 16,900 68.077 >91,243 27,967 219.210 9»*6 6,983 16.849 96.945 ***** 111.292 1.627 508 2,135 3.869 679 4,547 Jr9p«rti9* 7.059 8.708 15.7*7 45,958 9,340 55,298 W«**ttQn 6322 6,522 1U85 IU85 244 244 520 520 8iW 4,595 KU19 14,810 4,776 7,722 12.498
        1,597 words
      • Article
        MAIN BOARD
        5113 27 Of 6* m «rt T997 Last Vol Day Last Ouott ON Dtv YM Net Cap A»g Htgfc Law StNa Cimmwv lala COOP) Hljli Law iiiyc SaHar H Cw Pft Wm INDUSTRIALS 157 101 a 1020 ACE 0vnamics60c 103 unch 38 105 101 100 103 -10.4 84.4 105 5144
        5,113 words
      • Article
        SESDAQ
        1138 27 7 v«l Day Last Ouot« Wv Dlv YM Net Cap Avq MH» Low StNo Company S«H COOP) High Low Buyer jgjjar H CV P/t iron Price SESOAQ 186 76 2000 ABRMMqiSc 136 *10 2576 146 127 135 136 3.0 6.0 0.1 194J 60 5 137 350 144 2049 ASAutolOC
        1,138 words
      • Article, Illustration
        HOT STOCK
        61 28  -  -by Shiv Taneja ARMSTRONG Industrial Corp closed half a cent higher yesterday at 48.5 cents on a volume of 2.63 million shares, compared with its today traded average of 328,500 shares. Daily and weekly RSI and Stochastics are below 25, but investors should expect some more downside in
        61 words
      • Article
        Untitled
        229 28 Stocks Volume Hotung Inv NT5 21,036.000 ST Aero 50c 8,438.000 Asm FoodiProp 8,388,000 Amara Hldqs Ltd 6,432,000 •Westmont Land 6,047,000 'Magnum Corp50c 6,035,000 HK Land USIOc 5.584,000 HKL RFWt*****3 5,440,000 SingTel 15c 4,033,000 •M8f Capital 3,649,000 Stocks SPH Foreign 40,250,299 UOB Foreign 32,261,288 SIA Foreign 26,719,375 OCBC Foreign 25,275,703 STAeroSOc
        229 words
      • Article, Illustration
        Strong non-oil exports data a much-needed booster
        647 28  -  Dealers say investor sentiment improves amid hopes that the long-awaited economic recovery will be on track STOCE MARKET COMMENTARY By Ven Sreenivasan [SINGAPORE] A stronger-than-expec-ted rise in July non-oil domestic exports gave the stock market a strong leg up yesterday, with key indices
        647 words
      • ON THE GRAPEVINE
        • Article
          Stamping out fund flow to Singapore
          90 28 THERE'S talk among stock brokers in Hongkong of a lobby to get the authority to abolish stamp duties on shares transactions as a way to make the territory a supremely competitive centre for stock trading in the region. The move is also said to
          90 words
        • Article
          Cooling off in the sauna
          92 28 A CERTAIN illustrious club, which counts the elite of Singapore including some of the country's top civil servants among its illustrious members, recently had a complaint from a member of a not so illustrious incident. Apparently he blew his top when he stumbled on a
          92 words
        • Article
          Stress and the stock market
          111 28 IN A volatile stock market like Hongkong's, the stress level of Investors inevitably goes up when stock prices come tumbling down. The Hongkong bourse slumped by 619 points on Tuesday but recovered 378.41 points yesterday. Social counsellors are warning such volatility could cause sleepless nights
          111 words
        • Article
          Driving in Comfort
          110 28 WE KNOW taxi drivers have a tough life. But we were still rather taken aback when, on getting into a cab, the driver growled: "Don't mind I switch on my massager," and promptly activated a contraption he had strapped on to his seat. The "massager", which was
          110 words
        • Article
          A high-tech fright
          106 28 CARS are getting so electronic these days one wonders whether they have a mind of their own. An owner of a mid-range upmarket model had this unnerving experience recently. He was driving along when It occurred to him that he should lock the doors. So gingerly, he
          106 words
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      98 17 O M m W m V M: m jJ? Wf »*,•*,;••.>.. y-v-Mam I' MKL jjs(& %f§lHk i WF JR®' Ml J W r r-f HI Wmfcm SINGAPORE BOUTIQUES: CENTRE POINT #01-30 TEL: 737 4509 MILLENIA WALK *01-30 TEL 332 3747 PARAGON BY SOGO #01-19/23 TEL 734 9935 CORNERS: TAKASHIMAYA S.C.
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      1339 18 National Westminster Bank Pic Head Office: 41 Lothbury London EC2P 2BP England Singapore Branch: 50 Raffles Place, *05-01, Shell Tower, Singapore *****3. Tel: *****44 Telex: RS ***** Fax: *****27 Dealing Room Sales Desk Tel: *****77 Telex: RS ***** Consolidated Balance Sheet Consolidated Profit and Loss Account at 31 December 1996
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      82 19 SONY. Ideas come in a flash. Ideas also go in a flash. ui J/^B |t« g/ Ki jM back >. Hk NO TAPES, NO DISCS —RECORD WITH BUILT-IN IC CHIP MEMORY PLASH MEMORY STORES MEMOS EVEN IF THE BATTERIES RUN OUT 8 MIN. RECORDING IN STANDARD MODE; 16 MIN. IN
      82 words
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      223 20 With Gold Card Network, you decide whats As well as reducing your support I Hi important. liabilities. Gold Card Network has the N You decide what Junctions your users lifetime guarantee and technical i Company: mM need. And you decide when to upgrade, to support of Psion Dacom. Ad**: i
      223 words
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      Page 20 Advertisements Column 2
      141 20 'tfw bj as ■mum;. Small_ Medium How about going as realtime as Airlines and Banks, without spending a fortune? You have heard them all. How airlines, insurance companies, banks, MNCs can all I "7 T M spend fortunes on their IT infrastructure and become so much more competitive. And how
      141 words
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      41 21 *<mhs Afly respite I Iff insert? I Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil Times the Bookshop Cold Storage SPC ™W Singapore Kinokuniya Shell •BP AfiS i*?- mph esso Holdings
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      Page 21 Advertisements Column 2
      1075 21 /S\ THAKRAL CORPORATION LTD I TUT) (incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING TO: ALL SHAREHOLDERS NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of the Company will be held at Grand Plaza Hotel, Canning Room, 10 Coleman Street, Singapore *****9 on 9 September
      1,075 words
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      359 22 I -I »f J1 Land I Keppel Land Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1997 The Directors advise the following unaudited results of the Company and of the Group for the half year ended 30 June 1997: COMPANY
      359 words
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      28 24 (]{@?;>^+{[$>|>`.}$@+"-_^.=@(/@ 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
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      160 27 \X rri Other loans available ry 1 Home Offices Shops Factories f f p Equipment Vehicles Vessels Express Short Easy Share Loan a iMr LOan Works like an \J Get a fixed sum 'overdraft' providing in exch k an9e ,0r cash as and when I /1 Dur shares required. You
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      Page 27 Advertisements Column 2
      10 27 Young Parents When you want the best for your children
      10 words
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      990 28 BUSINESS Notices JURONG CEMENT LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty Fourth Annual General Meeting ol the shareholders ol the Company will be held on Friday, 12 September 1997 at 330 p m at The Regent Hotel. Royal
      990 words
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      Page 28 Advertisements Column 2
      806 28 JURONG CEMENT LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN riat an Extraordinary General Meeting ol the shareholders of Jurong Cement Limited ("the Company") will be held at The Regent Hotel. Royal 11, lobby Level 1 Cuscaden Road Singapore *****5 on 12th
      806 words
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      Page 28 Advertisements Column 3
      118 28 In The Matter Of The Companies Act Cap. SO And In The Matter Of ICI MANUFACTURING PTE ITD (Provisional Liquidators Appointed) NOTICE Of APPOINTMENT Of PROVISIONAL LIQUIDATORS PURSUANT TO SECTION 291(4) Of THE COMPANIES ACT, CAP. SO NOTICE IS HEREBY CIVEN that pursuant 10 a Statutory Declaration made by the
      118 words
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      Page 28 Advertisements Column 4
      78 28 THOME HOLDINGS PTE LTD (in Mamtwn' Voluntary fflnding-Up) NOTICE IS HEREBY GIVEN that the Final Meeting of the abovenamed company win be held at 138 Cecil Street. *18-00 Cecil Court. Singapore 0106 on 19 September 1997 at 10 30 am for the purposes set out in Sections 308 vkJ 320(3)
      78 words
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      Page 28 Advertisements Column 5
      520 28 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, Please call our Customer Services Section on 1800-749-2577. In the Matter of The Com pan im Act Cap.so and In tha Mattar of PAN-PACmC ADHESIVES PTE LTD (In Members' Voluntary Liquidation) H an Extreordnary
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      Page 28 Advertisements Column 6
      276 28 To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT. CAP. SO And ETERNAL WIN INDUSTRIES PTE LTD (In Member! Voluntary Liquidation I Al an Extraordinary General Meeting of the abovenamed company duly convened and held at 30 Jalan Sultan f2l-04 Jalan Sultan Centre Singapore *****4 on
      276 words
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      Page 28 Advertisements Column 7
      51 28 A pis' EJKWSVI M w *3 Mis: Z irni s« i Willi i ira ii s l k« S i|H jf t S H Hi if S. i fnl isi §4 M Ul 2 l_ p§ a. ®li Iff V it? a* Si o 4 11 I 5 y s
      51 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      308 29 Reuter ATLANTIC rates for Panamaxes appeared to be holding steady despite a shortage of new business while capesize rates remained firm, particularly for fronthaul cargoes, brokers said. Biffex traded 23 lots and the Baltic Freight Index climbed one point 1293 in very sluggish trading, Clarkson Securities Ltd said
      Reuter  -  308 words
    • Article
      MARITIME STOCKS
      280 29 '000 tm*» s$ CWT distribution L11 *0.01 6 ChuanHup 0.94 *0.01 109 Casco Invastmant—114 FraMM LMM 0.425 *0.019 27 GSHoMlnqs 0.709 *0009 32 Hat Sun Hup 0.989 *0.01 112 Hitachi Zosan 0.66 unch 10 IMC Hottngs HK 5.60 JayaHaKPnqs 0.80 *0.02 3 Jurong Shipyard 6.70 unch 183 6.19
      280 words
    • Article
      ABS issues new safety guidelines for ships
      417 29  -  Port State Control inspections of foreign vessels on the increase By Marcus Hand [SlNGAPOßE] Classification Society the American Bureau of Shipping (ABS) has issued a new, expanded set of guidelines for shipowners, crews and masters to ensure the maintenance of safety standards aboard
      417 words
    • Article
      Lock icon Cruise Hldgs to buy Rotterdam, from Carnival Corp
      244 29 Reuter [LONDON] Cruise Holdings Ltd plans to acquire the cruise vessel Rotterdam from Carnival Corp. "We have entered into a definitive letter of intent with Carnival and their Holland America Line arm in order to buy the Rotterdam," Larry Magnan, Cruise Holdings
      Reuter  -  244 words
    • Article, Illustration
      Lock icon Mr Cruiseline believes in concept of 'cruising for everyone'
      704 29  -  SHIPSHAPE By Marcus Hand MICKY ARISON, chairman and chief executive officer of Carnival Corp, the world's largest cruise ship operator, is a man who has more than earned the title Mr Cruiseline. In the cruise industry virtually his entire life, 47-year-old
      FILE PHOTO  -  704 words
    • Article, Illustration
      Lock icon Ramos calls for crackdown on negligent shipowners
      284 29 Reuter [MANILA] Philippine President Fidel Ramos has called for punishment of negligent shipowners after three domestic passenger boats sank during one day last week. At least 22 people died in the latest string of sea tragedies to occur in a country with an
      Reuter; FILE PHOTO  -  284 words
    • Article, Illustration
      Lock icon Le Havre warehouses on fire
      47 29 [LE HAVRE] A tug boat trying to put out afire at warehouses in Le Havre harbour, northwestern France on Tuesday. It took two boats and 60firemen to stop the fire at three warehouses, one of them containing an ammonia cooling system. AFP
      AFP  -  47 words
    • Article
      Lock icon Consortium of banks takes over port of St Petersburg
      233 29 Lloyd's List [MOSCOW] Russia's sea port of St Petersburg has been taken over by a consortium of Russian and foreign banks and financial institutions which has said it is ready to invest heavily in order to improve equipment and efficiency. The
      Lloyd's List  -  233 words
    • Article
      Lock icon Another liner group to impose levy on Chittagong boxes
      369 29 It joins S'pore-based group which imposed charge last week Reuter [CHITTAGONG] The USbased Asia North America Eastbound Rate Agreement (Anera) has also decided to impose a surcharge on all import and export containers to and from Chittagong Port. The freight rate
      Reuter  -  369 words
    • Article
      Lock icon Sabah launches first direct ferry service to Brunei
      284 29 Daily service links Kota Kinabalu, Labnan and Bandar Seri Begawan Bernama (KOTA KINABALU] The first direct ferry service linking Kota Kinabalu, Labuan and Bandar Seri Begawan in Brunei has been launched. Sanergy Marine Sdn Bhd, a subsidiary of the state-owned Sabah Energy
      Bernama  -  284 words
    • Article, Illustration
      Lock icon Long way yet for Euro network
      734 30  -  EUROPEAN FREIGHT mUOES The setting up of a freight village network has been on the agenda since the '70s but is still only at the planning stage By Ralph Schroder International Transport Journal THE idea of setting up freight villages was born in the
      International Transport Journal  -  734 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      265 30 PAGE Eurohans 6 ACL n Ewqrew 6 ANL 3 Famous 7 i Accord 12 Fl-Sright 6 Appenship 5 12 Astro 3 4 Austral n Gemartrans 13 Avant 6 Gwh W 8SA i GloMink 7 Batamindo 7 oW 4 B'tanq Mas 12 CuanGwn 4
      265 words
    • Article
      SHIPPING GUIDE
      14063 36 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessei Voyeqe Ttlepftorv* ETA ETA Advertiser Vnn* Voyage Telephone SIN OmTr Nam* Nam* Number Number SIN DtsTn Heme Name Number Number MMMMNMMMHMMMMHHHNMMMMMMHHHMHNMMMMMHMMMi IMHMHMHMMMMHHMMHMMHHMHMMHHHnMMMMnMMHMMI a To BRISBANE (BNE) 205B A Queensland, Australia To ABIDJAN (ABJ) 2003 2t/ot 24/09 cosco yu he oiu 45-*****00 Ivory
      14,063 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        706 43 Vwfl Voy No Bfth Arrtwt Dto*t ur« jmiM RFiln *****7 J01 HompOl 20 04/1500 C S MM 42 J22 HonqtM 21.01/1500 CwlMwiH 7/97 J03 HonQSKX 21.08/0600 0m« Saraya DT5 J03 HongjH* 21.06/2300 Eastern Waro 38 J04 atonqsnta 21.08/1500 EUatoaos 2 JO* iwgun 22 08/0400 GanSa 4 9703* JOT
        706 words
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        CONTAINER SCHEDULES
        1596 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklnq/BiUnct Rstls Ship Voy No Etb/Btr Ptriod From To From «alK 0131 23/OWO U 20/800 20/145* 20/1*00 20/1500 20/145* 20/1*00 2* 20/1700 21/045* 21/0*00 21 20/1700 2V045* 21/0*00 j mum mm 2Vmoo 4 2VUOO 21/145* 2VT700 tatrn MM am M
        1,596 words
      • Article
        GLOBAL HOLIDAY
        203 43 Aug 20 Hungary National commemoration day of the foundation of the Hungarian state. Aagtt Ukraine: Independence Day. AngSß 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, not
        203 words
      • Article
        COCKETT BUNKER MARKET REPORT
        913 43 THIS report, compiled by Cockett Marine OU Ltd. (hows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averageslied stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        913 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        477 43 Carton 180 Mu 992.9 0.9 1S.4 0.07 75 0.07 tefM Density Water RmMm Ask AKiimnwm Se«aeet No atWM £25 2 0 1 0 0 0 JMT 300 Am 986 4 0J 12.7 0.06 34 O.Ot Com 380 MM 9914 0.9 17.7 0.12 83 0.09 5*2 %w
        477 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        UPS faces challenge of rebuilding business, image
        502 44  -  Deal struck between management and union seen as victory for Teamsters By Marcus Hand [SINGAPORE] As striking workers at United Parcel Service (UPS) in the US return to work the company now faces the challenge of rebuilding its business and public image. In
        502 words
      • Article
        Lock icon Final report on ValuJet crash: FAA faulted
        318 44 Negligence by ValuJet, Sabre Tech also to blame AFP [WASHINGTON] A US investigatory panel said that failure by the Federal Aviation Administration (FAA) to require smoke detectors and fire extinguishers in cargo holds contributed to the fatal crash pf a ValuJet airliner in
        AFP  -  318 words
      • Article, Illustration
        Lock icon Star attraction
        86 44 [MOSCOW] Visitors of the MAKS-97 international airshow walking past a Russian Tupolev 144 (foreground), which is one of the attractions at the show. Russian President Boris Yeltsin, who opened the show on Tuesday, expressed condolences over the death of a Russian pilot during the ill fated training flight
        REUTER  -  86 words
      • Article
        Lock icon Saudi businessman backs creation of domestic airline
        326 44 Competition for national flag carrier Saudi Arabian Air will be beneficial Reuter [DUBAI] The head of Saudi Arabia's business community said he backed the creation of a private domestic airline in the kingdom, the Saudi Gazette said yesterday. Abdul Rahman al-Jeraisy, chairman of
        Reuter  -  326 words
      • Article
        Lock icon Cathay to upgrade B747 engines from Rolls-Royce
        233 44 Bloomberg [HONGKONG] Cathay Pacific Airways Ltd, Hongkong's main carrier, said it will upgrade the engines on its Boeing 747-400s in a move that could cost up to US$23O million (***** million). The change will cut Cathay's fuel bill and cut maintenance costs, a
        Bloomberg  -  233 words
      • LOG Book
        • Article
          Lock icon CAL, Swire Pacific to set up laundry firm
          84 44 AFX-Asia [TAIPEI] China Airlines said it and Swire Pacific Group will jointly set up a laundry company for washing linen from their airplanes' cabins. CAL said in a statement the new firm, China Pacific Laundry Services Ltd, to be located in Taoyuan
          AFX-Asia  -  84 words
        • Article
          Lock icon Asiana Airlines suspends flights to Guam
          93 44 AFP [SEOUL] South Korea's Asiana Airlines said it was suspending its flights to Guam due to the Korean Air crash this month that killed 225 of the 254 people aboard. "We fly daily in the evenings. We decided to suspend flights from Aug 21
          AFP  -  93 words
        • Article
          Lock icon Volkswagen's unit sales up 9.5%
          81 44 Bloomberg [BONN] Volkswagen AG, Europe's largest car maker by volume, said unit sales in the first seven months of 1997 rose 9.5 per cent to 2.575 million cars. Sales of its Volkswagen-brand cars rose 6.4 per cent to 1.623 million. Audi car sales rose 13.6
          Bloomberg  -  81 words
        • Article
          New HK airport in phone services deal
          84 44 [HONGKONG] The Hongkong Airport Authority has signed an agreement with New World Telephone Ltd (NWT) for the provision of payphone and courtesy phone services in the passenger terminal building at the new airport at Chek Lap Kok, according to a statement released late
          84 words
      • Article
        Lock icon China Southern's focus on cargo will be limited
        235 44 Reuter [HONGKONG] Concentration by China Southern Airlines Company Limited on the Chinese domestic passenger market and its proximity to Hongkong will limit its focus on air cargo in the short term, Peter Negline, aviation analyst for Salomon Brothers, said. Speaking after the
        Reuter  -  235 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1690 44 CITY fUOff ETA FUCHT ETP AdaiaMa Of81 1930 Of82 2055 TM07 2105 TG408 0620 S0221 2220 mn 2150 MWt WB Amsterdam KL843 0455 K1838 2300 No CM MM VN741 1310 SOI72 0930 DC25 0655 0126 2355 S0I71 1420 SOI74 1410 S025 0655 5026 2355 S0173 1905
        1,690 words
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      Page 30 Advertisements Column 1
      906 30 ram WT 0M VAN M u SM I vnsa VOY JU MM "L M/ 07 M/ 07 31/07 5/5 21/ M Ml 101 1M M/M 10/ M "il/5" "ls/5~ 21/ M M/M "h/M~ NOIZMCON 55W531 03/00 M/M 07/ M 11/ M M/M NMMT 171 15/ M 17/ M K/M 22/
      906 words
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      Page 30 Advertisements Column 2
      552 30 Une» Mrvictt represented ffIRSnM Membef R®o«ry ot Accredited Shipping Agents. Sfeore Neltonal Shipping Assoc Members ol the Singapore Freight Forwarders Assoction |p|oneer S*^fce| A m iM EXPORT 3 x Jopon •2 x Hongkong -1 x Manila-1 x Kaodwng, Kaalung (Accepting Fa to BKK/NAHA/SENDAI/CE&U/LCH) g "ISpB W mum* M K« till
      552 words
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      1144 31 I PAQFK SOUTH WEST EXPRESS (DIRECT) ALSO ACQPTING MANAUS VIA lAX/HOU Ivcsa I vov Ina Iswra Iswnp 1 iax pai mbq loa Ink lah hou~ mm sa AftCHNA OCT 18/0> 20/01 21/08 05/09 09/09 10/W 10/W 11/09 11/Df 10/W 10/W 12/W maNGtfOKt W bTqT "p7«~ aToT 12/09 u/w 17/09 17/09
      1,144 words
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      Page 31 Advertisements Column 2
      2300 31 HANJIN SHIPPING USA CANADA* |LM HAIA/VOT MM SM HA PM WW TOP CM OTT M fS fFS MM OOS NTC [~~55 YVI TYZ TUL TYC TfC wDowcsßwaioog m/m 21/ m n/w 13/w u/w 14/w m/w m/w n/w m/w 17/w ~m/w t*/w' io/w "IT/tT n/w "i7/w m/w is/w PUSAIISBMTOO OOg 77/
      2,300 words
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      Page 31 Advertisements Column 3
      98 31 ORIENT EXPRESS LINES (U.K.) LIMITED I gat.l. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VBSa VOY SINOAKW tQWIAY VISStL VOY IOWtAY SINGAPOftf NORDKAP4IS 415 22/08 30/08 NORDKAP 414 13/08 22/08 JUTHA PARICHART 006 26/08 04/09 JUTHA PARICHART 005 16/06 25/08 ALBERT BRIDGE 003 29/08 06/09 OOCL ADMIRAL 004
      98 words
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      Page 32 Advertisements Column 1
      1383 32 KK DSR-SENATOR ivi Round the World Container Services TO UK/COMTNKNT FROM UK/CONTINKWT I Vttsa VOY m WTM I MTT IWV H*«~ fU LH* VOT IMA IFU I WTM IMW W~ f HMUm SAN FfUMQSCO WN73I ZIM 11 H ISM CHOYMBGWNT Ef7» Vl7 K(7 tt.lt SMt till M M WASMNGTONSENATOR WF737
      1,383 words
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      Page 32 Advertisements Column 2
      1071 32 I NORASIA VESSEL VOY SM OOA BCL VAL Al Q ROT RH ANT cn LMA NOfl HONGKONG 9732-3 2ZW 0M» 07« IMN 17ft* 13ft* 1049 11ft* 1249 IMH NONSHAfUAH 9733 3 2040 124* 14ft* 23M 24ft* 7MM 2549 1049 1M 17 ft* MSCRAfAEIA 9734-3 *34* 1949 21ft* 3049 11/11 27/09
      1,071 words
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      Page 32 Advertisements Column 3
      515 32 JESSELTON LINE Br Jt TUI USIMI MXi *****37 MUAfU j p LABUAN 1 wssa wr m m msa vor no iu SWtf MIMA SfOti 1M inosra vm/*7 m/n 27/ m jnosrai vm/07 m/oi to/m MtOOtY V2II/07 27/00 30/01 tfttGUtT V2II/97 17/00 31/00 jr«o» V2OI/07 02/00 os/of jptosrai VW/07 01/00 00/oo
      515 words
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      Page 33 Advertisements Column 1
      1510 33 VESSEL VOY SIN BKK POU PKQ PBM BLW BQB 8A BMC HAM VAH OAT PJL-1253 03/09 28/08 07/09 22/08 24/09 IRAN OHEYAMAT PJL-1248 31/07 07/08 02/08 18/09 18/08 MAN MEELAD PJL-1238 30/08 18/07 11/07 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN.
      1,510 words
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      Page 33 Advertisements Column 2
      1120 33 ACCEPTING CAMO TO/KOM 1 lIUOIIIMMN I mikt umkMm ISIMGAPOfifS GENERAL AGCNTS: 6 SHIMTON WAY TEL 726 1900 f AX: *****08 OUTWARD (B/L) COSTAR SNIFFING PTE LTD #i7-o« ots ilog saus/mgs 420swi/43 inward dipt(D/oi ***** is COSTAR AGENCIES (M) SDN BND amy. 117»7I*****« Town TWO (04II0*) CONYINDONAI 420M50/SS T/SHfMT DiPT 42Q5125
      1,120 words
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      Page 33 Advertisements Column 3
      357 33 flj- PDZ LINES SDN BHD A lg§7 TONG JCX) SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 KKHM+fASTtST TWA*sn/\ /HuAU-FUOUTY BUTM 7 fwo CHI MM-MMUm A GISOOH ***** 24/01 HUB TRADER 0705 23/01 «WI «714S 24/01 f IffU ***** 27/01 GiGi
      357 words
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      Page 34 Advertisements Column 1
      1352 34 EUROPEAIK/SCANOINAVIA/FINLAND/RUSSIA S6P DM MM HN THP SE LHV LHV THP ROM ANW HB6 PKL MP E. REPUTE RW-010 24.U1 12M 11/ M 13/09 IMB 16/09 17/09 E GIVEN RE 059 24/07 29/07 21/97 M/ 97 31/07 2VOB 28/ M I. RACER RW-tll SMI 19/99 2S/M »M 22m 23/09 24/09 E
      1,352 words
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      Page 34 Advertisements Column 2
      1095 34 lIXP^iT VISSG VOYAGt SGf MJI JU UtJ DM UN IWT Ml VfSSQ. VOTAG4 DM JOA AM DNM OAM SOP I UM COMMA 047M4Mf 78/TM 07/W 07/W 00/W W/W ItyM IQ/W 10,' D* UN OONN 0444 MX 10/ M 10/ M 11/W 12/01 13/00 75/01 I UNOMT *****41W HW 14/W 14/W
      1,095 words
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      Page 34 Advertisements Column 3
      481 34 f*a> NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vissa I vot 1 si I rm I wa gf~ MAMTAJ WBWCESS Pits 25/W 13/W 18/W mnaiQUffll 072S 31/ M 01/w IVW 17/W ■jgiWjtgl oois 07/w i7/w nyw ?s/w mminwg pits IS/W w/w 01/IO mtiAivaus ons ?4/w 02/iQ ot/io iq/io
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      689 35 i BSfl ii. M MYANMA FIVE STAR LINE (Myomor Natioaol Llm) Loadiag for (Raagooa) vessel vor hn pig pin rai OfM SHWt HAW 7W MfT MALATSIA AGENTS: OOUSTEAD SUPPING AGENCIES MA: m 02-43-2417)00 P«L TE 02-03-*****01 ret ra 02-04-2****** P00: Ttt 02-07-*****21/4 BANK LINE (A Ifyki Aa*»w Walr Sfcjgh# NORTHBOUND
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      1348 35 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 Ivpsa Ivor |si lbi «tr I ant war Mt HTIAJION 3MW 24/ M 10/ M 11/09 13/01 13/09 13/09 16/09 HT (RPftOO M7W 31/ M 17/01 11/09 20/01 20/01 M/ 09 23/09 HT GENERAL 307W 07/09 24/09 25/09 27/09 27/09
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      501 35 FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 3/ HOT UNE: *****33 (30 UNES) WB rut UXmEU wn.tm*lm.cam.>% E-mjLMHWrTT DAILY SAILING TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 UNES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 CWT QLOBEUNK PTE LTD >
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      343 39 INDONESIA NATIONAL LINE TO EUROPE 1 EXPRESS B£M»-COHTAJNERtB£D SERVICE Ml VOY I IPORf A'OAM/R OAM HIURG IREMtN ANTWERP "KUTAi 1H »/1» OMIT 7/11 TO AUSTRALIA ~f nMXCOMMMRSmPMCE m WY_ g in CT a mi m msuga 1 vm ri/W am n« mm mm hm mm ITMWMV KM 5B 3Mt IMI
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      1178 39 ADVANCE CONTAINER LINES (PTE) LTD Ar* I 140 C c stnet 12 -o°. Building. Singapore *****0 "AA Li TEL: *****21, FAX: *****19. TELEX :RS ***** ACLPL CR NO. **********0E BANGKOK JAKARTA (5 LCH w ■■UHI IM VKCUI VOY CMII |fT Cfj VESSEL VOY UN BKK SIN TV ANANBHUM 78NB 23/08
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      826 39 |g|j|gg|ggggM VESSELS VOY SX JED PSO LEH HAM RTM THP ANR VK-LE Dt NOB MA N2IW 27A» 06/09 OggO 17/06 1M» 21/08 ~a?W VXEPCGEMHA H2IW 31/86 I<M» ttgg 21/08 22/00 24/06 2M» ~2M» VKXE D*OWON Y7IW 07/08 17/08 1»08 2M» 2*06 01/10 02/10 (XVIO VK-LE OE VELA V2IW VW3B gg
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      1012 40 BANQKOK/LAIM CHAIANQ JAKARTA/PAN J ANQ VESSEL VOY SIN I BKK I LCH VESSEL VOY I SIN JKT PJN XETHA BHUM 213N8 In Pt 2«/08~ NANT* BHUM ***** 22/06 23/06 ANAN BHUM 78W 22/06 28/06 OANU BHUM OOttS 23/06 28/06 ANAN BHUM 78NB 23/06 26/06 ACX RUBY 02S 28/06 26/06 YANTRA
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      594 40 PUL INTERNATIONAL LINE PVL INTERNATIONAL •UftaMUMMa-tallUlUlittAflilMtipm WTI 111 i. Mm* I ilnil I H IXX for, lw>»i > lul ill i ISEmpiSMi MMiaWKI) snwAw MT I Ml jfcj I tii' HBHH M.\ «I irat I BF MB SURABAYA 2 SI6S/WK I 75 Ivor I 1 I m DtAGON BBS 79S
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      731 40 1 ACCORD A SHIPPING PTE LTD Til *****56 (40 Linaa) FAX: *****46 POtl KLAMG (OS) U7lOOl tK M OWICT ACCESS Til s *****57 (EXPORT BOOKING) fkSM GUMNG (OT)iS\ 1377 335M07 (EXPORT DOC), *****64 (IMPORT] POUMG (04) S3 J 1440 URUMTTP;//WWW.ACCORD.COM.SG WUUtTA (if) 040 0770 POKI ITA SIN PORT ITA SIN
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      444 41 SINO EXPRESS SHIPPING /in 11 COLLYER QUAY #06-01 THE ARCADE fSINOTRANSI S (*****7). TEL: *****90 FAX: *****98 >- TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) YBSEL VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI WAKWOILStt Ml tt/M 27/08 31/08 HORDSUND 9706 29/08 03/09 07/09 NEW HAIHUNG 9710 05/09 10/09 14/09 TRADE
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      278 41 am MAC-NELS S PORE M'SIA Carrier MM CONTR LINES, INC hKVv* amniMNTNOOti S«U: (064) *****9 MAMLA: (632) *****61 JX/ V PENANO: (04) *****6 BANGKOK: <662) *****57 SURABAYA: (31)*****0 P. KELANQ: (03) *****77 JKT (21) *****07 MPH: (61) *****3 CEBU ASHPOP MV "MOHC EAGLE" V4BN MV "ZIM OSAKA" IO4W ETA SIN:
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      Page 41 Advertisements Column 3
      142 41 muRATKIRAN 21AM NarVßdrrVAtw/BmiVUK I storm WINO 30/06 Nan/RdnVAtw/UK I ocean ISLAND 06/09 NarVßdm/Atw/UK I I- Loads EVW.indone— I IIiDiAS J«ddah/Aqahai/Algeria 1 ■cupper KAWA Dubai/Bahram/DammarVKuwait I ■ESPERANZAC J«ddah/Aqaba/Tnpok I ■TRADE BANNER HodstdahAtoddah/Aqaba/Egypt I I "Loads Singapore. EVW Malaysia. Indonesia I IlrartmqW M ■ocean FRIEND Los Angeles/Naw Ortean/ChartestorV I NorWK/Camden I _J
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      341 42 Shipping Times -business Centre Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. Call 740-6000 Press "1"& key in Document Code Key in your
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      295 42 PZB Book your ads early for this commemorative issue. HR^^viSflllj^^l B Call us now l Muki-storey warehouse: 10,(XX) square metres currently available (1,800 to 2,000 square metres per floor) P. Close to PIE/AYE/KJE Second Link to Malaysia High Ceiling Heavy Floor Loading Air-conditioned bonded warehouse facilities Record storage management services
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      129 43 LEGEND: R Thunderstorm Temperofure c A V Shower Weather Wind drection with speed in knots Rom Vw/ Cloudy Sky Wov h M wind* or* indicated by arrows whtcti Hy with the wind Cl) One tut circle represents cotrn or light ond vonoWe wrxh One hoW Heche represents 5 knots I—»
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      185 44 NIELSEN SHIPPING (F.E.) PTE LIMITED As a dynamic and fast growing multimodal transport organisation and international freight forwarder, due to new expansion programmes, we are offering to motivated and dynamic individuals who are looking for challenging career and commitment to join us as:1) SALES MANAGER B Be low 40 years
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