The Business Times, 26 August 1997

Total Pages: 42
1 42 The Business Times
  • 7 1 THE BUSINESS TIMES MITA (P) 023/12/96 SINGAPORE
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  • 752 1  -  Revamp includes name change, re-issue of shares, bonus issae Reports by Christopher Tan [SINGAPORE] Singapore Bus Service will change its name and hive off its bus-operating unit as a separate listed company in a restructuring to improve its appeal to
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  • 149 1 [SINGAPORE] SBS will merge its Foreign and Local shares after raising the limit on foreign ownership from 20 to 49 per cent. "Assuming shareholders' approval is obtained (to raise foreign shareholding limit to 49 per cent), we expect SBS shares to trade under one
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  • 379 1  -  By Teh Hooi Ling [SINGAPORE] Singapore and China yesterday signed a memorandum of understanding to expand air links. The Civil Aviation Authority of Singapore (CAAS) said the MOU "allows for a 43 per cent increase in passenger service capacity for the airlines of both
    CHRIS LOH  -  379 words
  • 648 1  -  Phoenix Comm is believed to have won more than 20,000 subscribers in a year By* Genevieve Cua [SINGAPORE] Two former senior executives of Singapore Telecom have set up a callback company that could soon take the lion's share of Singapore's small but
    648 words
  • Page 1 Advertisements
    • 107 1 IMHIUB TTiai stocks fell for the eighth straight day yesterday, plunging 5.36 per cent, Pg 7 JBTicU Non-constituency MP JB JeysretnamcaDsfora parliamentary committee to look into fee hikes, Fg'* Idbui piw'ifvw There's talk that Redas is doe to hold a pow wow, fltsr wiucn it pians to approach the govt
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    • 9 1 g*pore, China eye JVs in third countries, Pg 4
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    • 185 1 a; C in HEWLETT* V/ iAI PACKARD &W I UW (The Adrenaline) SsB39 With A3 printing for greater impact, no wonder HP DeskJets are the world's No. 1 inkjet printers*. you down. Ever. Of course, youll also get the very best out of the HP DeskJet IOOOCxi lb score points
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    • 13 1 complain qf blocked, misdirected calls, Pg2 CaUbaok kills SingTel's Discount Direct Dial, Pg2
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  • SINGAPORE AT HOME & ABROAD
    • 491 2  -  Reactions to PM Gob's National Day Rally speech Make criteria more processing time for pmployment passes By Audrey Tan and Annette Pau E)MPANIES yesterday welmed Prime Minister Goh 10k Tong's caU to woo more foreign talent into Singapore, with many
      491 words
    • 509 2  -  'Bos'often just noise and rumours, which are hardly ever helpful: English broker Siow Li Sen THE high level of personal security in Singapore and the breadth of career opportunities outweigh other intangible drawbacks, including the lack of "buzz". That's the opinion of some
      509 words
    • 401 2  -  Sing Tel says it can't track callback bat doing testing and trial operations' Reports by Genevieve Cua IF YOU use callback and your calls have either been going to the wrong party or not going through at all, you're not alone. Callback operators
      401 words
    • 317 2 SINGAPORE Telecom toyed briefly with a discount international phone service last year, dubbed Discount Direct Dial (DDD). But the service, discontinued after "a couple of months", could not compete with callback's discounts or breadth of discounted destinations. In March last year, Sing Tel invited
      317 words
    • 282 2  -  EYE ON THE ECONOMY Industry By\ Diana Oon THE volume of outgoing international telephone calls surged to a record monthly high of 20.69 million in July, preliminary figures from Singapore Tele- com snow, Ine cau volume, comprising international direct dial (IDD) and operatorassisted
      Source: Singapore Telerate  -  282 words
    • 896 4  -  DfMRUAXBMT ■Mm, rebuttals lead te me <f the longest Parliament sessions hi recent times By Ven Sreenivasan IS SINGAPORE a rich nation with a large pocket of poor people struggling to make ends meet? That was the picture NonConstituency Member
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    • 273 4 TAKASHIMAYA, followed by Tampines Mall, is the most popular shopping haunt of Singaporeans, of whom nine in 10 shop at least once a week, according to a survey. The survey, conducted by the Singapore Polytechnic and Batey Research
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    • 488 4  -  Bering to consider listing more Chinese companies here By' Teh Hooi Ling SINGAPORE and China can explore Joint investments in a third country or joint production of goods for the world market as ways to further expand economic cooperation, leaders of both countries
      ALFHONSO CHAN/ST  -  488 words
  • Page 2 Advertisements
    • 220 2 W %d. J?-.-HHONORS |P*:>SAGtSlS>] WORLDWIDE W F '>BWih»TlQNAi He'll sleep with you for HK$2,lOO or Ss22o per night. Stay at the Conrad International Hong Kong for as little as HK$2,lOO or in the Conrod International Centennial Singapore for $$220 par night this summer*. And besides a toddy boar in your
      220 words
    • 32 2 It For real- time stock jj, information, >J 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.
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  • Page 3 Advertisements
    • 368 3 Centennial TOWER 'Persistence of Electrical Nymphs in Space'by Rosenquist at South Lobby of Centennial Tower iifl Ji Bl E£a fafe k W/ k W jMk «i J Jd)HERE MAN'S ART r JJr .1 d t INSPIRES MAN'S ACHIEVEMENT l 4 -i I jjs Mb?» **,x In ■■■■*>« 111 1^ "Inspired
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  • Page 4 Advertisements
    • 673 4 Ploadmac Asia 37 h Asian International Woodworking Machinery Forest# bs Exhibition Conference X The 3rd Asian Accessories for purniture Production, Upholstery Furnishings torld Trade Centre Singapore Gain the edge in woodworking and furniture manufacturing technology by visiting WoodmacAsia97 WoodmacAsia97 International Conference "Asia's Changing Timber World: What Next 7 17-18 September
      673 words

  • FOCUS: PROPERTY
    • 444 5  -  CAAS consultant has called for one to provide much-needed rooms in the Changi area By, Ang Wan May [SINGAPORE] A $100 million 400-room hotel linked to the upcoming third terminal at Changi Airport may be built if recommendations by consultants are adopted. The hotel
      FILE PHOTO  -  444 words
    • 345 5 HE developer may invest at least 3b yuan in 3-5 years SCMP [HONGKONG] New World Development is studying a number of investment opportunities in China's Jiangxi province, where the Hongkong developer may invest at least three billion yuan (*****.7 million) in the next three
      SCMP  -  345 words
    • 667 6  -  THE PROPERTY COLXJMM Reluctance to cut prices makes it tough to convince people that times are really so hard By Lee Han Shih AFTER half a dozen pronouncements by National Development Minister Lim Hng Kiang in the last few
      667 words
    • 256 6 Entertainment City expected to be completed in 3 years AFP [MANILA) A joint venture agreement has been signed to establish a US$l billion (Ssl.s billion) "Entertainment City" in a special free trade zone in the northern Philippines, it was announced here yesterday.
      AFP  -  256 words
  • Page 5 Advertisements
    • 144 5 Home Decor For people I who love their homes H Forcl Avenue *i I Mm I .y'v •J[ Private, resort-style living inspired by nature. First of the Quartet. Near Holland Village, this garden bungalow sits on about 15,700 sq ft of prime freehold land with 65% of area dedicated to
      144 words
    • 102 5 1,111.111 J J.. 1.1 HJM For Sale 6-Storey Freehold Office Building At Middle Road Near Bugis MRT Hjf Spi IK; professional firms ■J k NFA: 13 080 Sq ft Biii iiMli' car P lots jl Refurbishment ready FSSS?I SUNTEC TOWER ONE THE PENTHODSE FOR COMPANIES WHO NEED 1 1 QUAUTY
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  • Page 6 Advertisements
    • 444 6 LAND AT EQUATORIAL SITE FOR SALE BY TENDER Location Junction of Bukit Timah Road and Stevens Road. Near to Singapore Chinese Girls' School, Anglo Chinese School and new campus for Raffles Girls' Primary School (former NJC site). Easily accessible and near to private clubs and Orchard Road Description Prime Condominium
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    • 311 6 School RAKYAT/ 1 Ef I SB W J JahnH °ng Jebat JjM r j-. MelMfMEten Pwi« Pwbßt Park S V dhWn DS3 M p^joU Stadium Hegara iSSfc eB 1 ;S^ Lot 121/122, SacHon Approved development order to build a block of 14 storey service apartments (52 units) and a block
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    • 108 6 InS^mCKFORLEAffi CAPITOL BUILDING Approx. 15,263 sq ft Quality fittings Subdivisible from 2000 sq ft onwards Asking Rental at $4.70 psf. Available now. MARINA HOUSE Approx. 3,600 sq ft Asking Rental at $6.00 psf. Available now. EURO-ASIA CENTRE Approx. 3,800 sq ft Asking Rental at $6.00 psf. Available now. The above
      108 words

  • SOUTH-EAST ASIA
    • 404 7  -  BANGKOK Baht stays weak; govt reveals budget deficit of 41b baht for 10 months to July By\ Harish Mehta FALLING for the eighth straight day, Thai stocks plunged 5.36 per cent, while the baht remained weak yesterday on fears of political instability ahead
      Source: Bloomberg  -  404 words
    • 232 7 BANGKOK But applications for waivers will be on case-by-case basis AFP THAI financial officials yesterday announced changes in regulations governing bad debt management and foreign involvement in the recapitalisation of the ailing finance sector. Finance Minister Thanong Bidaya said waivers of the 25
      AFP  -  232 words
    • 221 7 BANGKOK AFP THAILAND'S respected elder statesman Prem Tinsulanonda yesterday appealed to the opposition and the nation to rally around beleaguered Premier Chavalit Yongchaiyudh to help the country weather the economic storm. The former premier, a Privy Councillor and close aide to King Bhumibol
      AFP  -  221 words
    • 456 7  -  JAKARTA Investors fret over impact of rising rates on economy and profits Bl S N Vasuki INDONESIAN stocks dived 5.5 per cent yesterday as investors continued to fret over rising interest rates and its impact on economic growth and corporate earnings.
      AFP; Source: Bloomberg  -  456 words
    • 289 7 SYDNEY Reuter HONGKONG Financial Secretary Donald Tsang said yesterday that the worst of the recent currency crisis in South-east Asia was over and that the region's tiger economies remained tigers. "The worst is already behind us but we must remain vigilant,"
      Reuter  -  289 words
    • 433 7  -  KUALA LUMPUR By\ Meera Tharmaratnam THE operator of Malaysia's first fast train project, which will link the new international airport at Sepang to the Kuala Lumpur city centre by end-1999, may consider a listing in future to raise funds. "We were
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  • Page 7 Advertisements
    • 1299 7 FLEXTECH HOLDINGS LIMITED I (Incorporated in the Republic of Singapore) I NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Mooting will be held at 25 Kallang Avenue I #03-01, Kallang Basin Industrial Estate, Singapore *****6 on 17 September 1997 at 11.00 a.m. for the I
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  • CHINA-HONGKONG-TAIWAN
    • 561 8 HONGKONG Bidding for prime residential plot will reflect developers' view of govt moves Reuter HONGKONG will today hold its first land auction since it returned to Chinese rule, an important test of how property developers view government plans to increase housing
      Reuter  -  561 words
    • 198 8 BEIJING Reuter CHINA plans to launch later this year a nationwide trading network for goods to boost sales, cut mounting stockpiles, and curb business risk, officials said yesterday. The China Commodity Trading Centre, approved by the State Economic and Trade Commission, would operate from Oct
      Reuter  -  198 words
    • 739 8  -  LETTER FROM TAIPEI Unfolding story of graft, gangsters queering pitch for megabuck teams By Bruce Cheesman WITHIN hours of pistol-wield-ing gangsters bursting into hotel rooms occupied by the Mercury Tigers, a top baseball team, three overseas players had packed their bags
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    • 440 9 SHANGHAI Better boosing, transport needed to lore multinationals, says report AFP INFRASTRUCTURE in Shanghai's Pudong New Area development zone remains insufficiently developed, despite the considerable overseas interest it has attracted, a property firm report said yesterday. Sam Crispin, senior manager of First Pacific
      AFP  -  440 words
    • 198 9 TAIPEI AFP T HIGH-powered Taiwan business delegation is to visit China, despite Taipei's calls for restraint in cross-strait business exchanges, the Commercial Times said yesterday, "tlsieh Lai-fa, chairman of the Taipei-based Chinese Chamber or Commerce and tndustries, is to lead the highSjglftle delegation comprising
      AFP  -  198 words
    • 371 9 ■HONGKONG Move will give them better chance of success in May polls Reuter SEVERAL Hongkong politicians have said they are giving up their cherished foreign passports in order to continue political careers in the former British territory. Former lawmaker Christine
      Reuter  -  371 words
    • 319 9 TAIPEI Taiwan to step up efforts to boost diplomatic allies AFP TAIWAN President Lee Tenghui opened the 15th party congress of the ruling Kuomintang (KMT) yesterday pledging to reunify with China and step up efforts to boost the island's small number of diplomatic allies.
      AFP; REUTER  -  319 words
  • Page 8 Advertisements
    • 147 8 ii jili j^^l w^l iJH A perfect blend of fun and intimacy. Second of the Quartet. Near Holland Village, this garden bungalow sits on about 19,800 sq ft of prime freehold land with 65% of area dedicated to lush gardens. A superb blend of traditional landscaped privacy in a contemporary,
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  • Page 9 Advertisements
    • 88 9 Martina Hingis* Choice /I all f V, 1 ,'^l!^^^B: Jrf/r 1l IfM 'Jit 111 fi jL jir lit MI m^ySH Iffj Jf /|f mil mJU ifl/ijGfl^^^^^^l ff Al \V^m' i|B mi Mm si/Iflf iw/^^l HnUt&A I la mm ala mlMma Urn mm ulmm jflw mfm JB7/^^g/w/jflHI Constellation w Jf/jw /jp
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  • ASIA
    • 717 10 SEOUL Bail-out fond to be raised from Lst to 3-5t won as creditors plan to dismantle Dainong AFP Bloomberg SOUTH Korea yesterday announced a package of bail-out measures for its financial institutions, which have been hit by a string of corporate failures,
      AFP; Bloomberg  -  717 words
    • 276 10 SEOUL Korean currency hits new lew of against the US dollar Reuter AFP SOUTH Korea's currency tumbled to a new low against the US dollar yesterday even though the central bank warned speculators it would step in to stem the fall and
      Reuter; AFP; Source: Bloomberg  -  276 words
    • 69 10 [SYDNEY] John Littler standing on a giant six-metre tall bike made of recycled junk at Sydney's Chullora Recycling Park, the largest in the southern hemisphere, yesterday. The bike which stands at the entrance to the park took eighteen weeks to make and was made from car
      AFP  -  69 words
    • 252 10 ■TOKYO Details include phone nnmbers, investment amounts; dealers'body to question firm AFP PERSONAL data on clients of Yamaichi Securities Co Ltd, one of Japan's "Big Four" securities firms, has been leaked, with some information sold to other brokerages, a major newspaper said
      AFP  -  252 words
    • 290 10 CANBERRA Defence analysts say it's potential trigger for arms race in S-EA Reuter AUSTRALIA said yesterday it was considering purchasing long-range cruise missiles, a move that defence analysts immediately labelled a potential trigger for an arms race in South-east Asia. "Studies on this issue are
      Reuter  -  290 words
    • 161 10 TOKYO AFP ISRAELI Prime Minister Benjamin Netanyahu said the world economy risked being "taken hostage" if Iran acquired advanced missile technology. "If Iran acquires ballistic missiles that could reach thousands of kilometres, not only Israel would be in danger, but many many other countries in the world,"
      AFP  -  161 words
    • 186 10 TOKYO Bloomberg JAPAN'S jobless rate in July remained at a postwar high of 3.5 per cent for a third month as slower consumer and public spending forced construction and transportation companies to cut workers, a Bloomberg News survey showed. These companies
      Bloomberg  -  186 words
  • Page 10 Advertisements
    • 133 10 This announcement appears as a matter of record only. July 1997. RM12,000,000 Private Placement of Equity and Redeemable Cumulative Convertible Preference Shares i 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
      133 words
    • 91 10 We provide consultancy services on offshore structures, sbelf 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

  • THE WORLD
    • 539 11 MIAMI Amount payable over 25 years; state now oatofUSs36B-5b national settlement Reuter THE state of Florida said yesterday it had settled its massive Medicaid lawsuit against the US tobacco industry for US$ll.3 billion (5516.85 billion) and claimed a "historic victory over the nation's cigarette
      Reuter  -  539 words
    • 63 11 [GORUBLIANE, Bulgaria] For bus driver Spas Ivanov, gardening has landed him a big one right in his own backyard. He is seen here yesterday posing with a giant zucchini he grew in his garden in the the village of Gorubliane, some Bkm west of Bulgarian
      REUTER  -  63 words
    • 384 11 LONDON Reuter SAUDI Arabia should flood the world with oil to boost market share and regain influence over prices, according to the businessman son of former oil minister Sheikh Ahmed Zaki Yamani. In a rare public call for sweeping economic change by
      Reuter  -  384 words
    • 282 11 PARIS Bloomberg FRENCH economic growth is likely to accelerate next year, helping to reduce record unemployment and cut the budget deficit, said France's Finance Minister Dominique Strauss-Kahn. The economy will expand by between 2.9 per cent and 3 per cent in 1998, Mr StraussKahn
      Bloomberg  -  282 words
    • 427 11 MOSCOW Business fighting to retain cosy niche in Russian politics AFP BIG business is fighting to retain its cosy niche in the murky world of Russian politics as President Boris Yeltsin's top reformers seek to clean up the government. After years at the forefront
      AFP  -  427 words
    • 428 11 BONN Reuter GERMAN Chancellor Helmut Kohl slapped down Finance Minister Theo Waigel yesterday for leading calls for a cabinet reshuffle, but said he still expected his old ally to stay on in the key ministerial job. "This discussion has really annoyed me.
      Reuter  -  428 words
    • 334 11 EDINBURGH Reuter THE British government yesterday pledged its support for the continued funding of the BBC through an annual licence fee levy. "The licence fee is not a perfect instrument but it is the best way to ensure a non-com-mercial
      Reuter  -  334 words
  • Page 11 Advertisements
    • 95 11 in the centre crjj town and still aet awau faom it all? (9ij course. Located in the heart of retail and commercial districts, the Carlton Hotel is surrourxled by shopping centres, convention centres and distinguished neighbours including Raffles Hotel. Major cultural and tourist attractions such as chijmes. chinatexun and the
      95 words
    • 63 11 Tung Centre 1,566 sf Parkway Parade 1,592.48 sf/3184.96 sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1,776 sf/7,739 sf/13,982 sf 172/174 Paya Lebar Road Short term lease 15,435.58 sf/14,477.58 sf First Capital Property H Management Pte Ltd ssa. r* ißr (A member of Fint Capital Corporation Group) Tel: 437 6817/437
      63 words
    • 57 11 BOTTOMS UP! f Make a data wttH your Mftki v pale at La MaaDeL 1 Enioy refreshing beer In the starounds of Alfresco sattiag under the cool evening breeze. Happy Hours Special 3:3opm 6pm. I $3.50/ mug $12/ jug J BNrintopHfllpiNimUvs^/ L DdL i *J\ S 9 RalllM Plac* FtopuWcPto
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  • FOCUS
    • 1289 12  -  The worst of its trauma is over compared to its neighbours; key to economic health lies with sustained surge in exports By, Anthony Rowley [TOKYO] FROM the point of view of economic performance, Japan has long been regarded as the "sick man of Asia"
      FILE PHOTO  -  1,289 words
  • Page 12 Advertisements
    • 127 12 ■rtv Third of the Quartet. Near Holland Village, this garden bungalow sits on about 15,200 sq ft of prime freehold land with t Y^PlP^fßHß^HP^P^^^fcfl^jQji^ai 65% of area dedicated to lush gardens. A superb blend of traditional landscaped privacy in a contemporary, minimalist 1, 188 Tfljjl'.f™ architectural style. The price: a
      127 words

  • EDITORIAL & OPINION
    • 758 13  -  BOnOMUMS OPINION By Bonnie Lim The writer is BT's trade and industry editor VIETNAM, by all accounts, is heading for an economic slowdown in the next couple of years because foreign investors have been shying away. And Hanoi must takes steps to
      758 words
    • 128 13 This is like being eight months pregnant It's hard to pull back.' Daniel fito an analyst at predictions that British Telecom and MCI would complete the world s biggest international telecommunications takeover because both have too much at stake. 4 A jack in a car is not
      128 words
    • 625 13 EDITORIAL THE travails of Russia's Mir space station are a reminder that whatever destiny man may have in space, it must be the handiwork of ail mankind This suggests an international consortium involving Russia the United States and other countries with money and expertise
      625 words
    • 1132 13  -  HE has passed a major confidence test on its currency, but there may be a cost in terms of its regional From Loh Hui Yin in Hongkong TWO STORMS wreaked their fury on Hongkong last week. One of them, tropical storm Zita, inundated the territory with
      AFP  -  1,132 words
    • 829 13 HK cast rates carraacy vigil WHEN the world's most famous speculator, the Ameri-can-based billionaire George Soros, says no one is going to get rich by attacking the Hongkong currency, it is clear that the SAR (Special Administrative Region) has won this round in protecting the link
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  • Page 13 Miscellaneous

  • EXECUTIVE LIFESTYLE
    • 877 14  - Charles, Diana 1 year later Their good works are eclipsed by publicity about their love lives, says jillserjeamt JILL SERJEANT Reuter SHE walked away stripped of her royal title but with a £17 million (Ss4l million) settlement and the sympathy of the public. He was branded the love-rat who broke
      Reuter  -  877 words
    • 681 14  -  TENNIS Hiat Sampras'appeal doesn't reach deep is a flaw of sports culture By\ Shaun Powell LAT-WP [NEW YORK] Who has twice as many championships as Michael Jordan and a swing as pretty as Tiger Woods? My prediction is the answer will
      LAT-WP  -  681 words
  • Page 14 Advertisements
    • 161 14 HH HiW&Mk 4HHHHHHP WHBBElfwlaßajjßpjgj^|B|pgßsßßßßBßßßlajjfflBß|j^ffM I 1 mT w IJU r 29 > ■f' Cj BRBiHir HP* h x r >viv |v7i7U| J El K1 C R IF bL Rr fl m^^mmKmmwmmmmmm Mmmmmm^^tmWmmmm.mm^m^mmUfM#l^vM#^VVfl»MA^WflH| /I retreat to calm and tranquility. Fourth of the Quartet. Near Holland Village, this garden bungalow sits on
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  • Page 15 Advertisements
    • 885 15 SINGAPORE BUSINESS Giving you the winning edge cWhere to wine, dine and entertain... "t lounges all ova the world. 290 545 1 kttp://www. ana-kotels.com I Not just tea food either. Visit our Home page and you can order tonight's dinner from our cyber selection. Browse through the menu, leave us
      885 words
    • 68 15 Mm' 24-hour Coffee House I Ist floor The Chicken Riee Capital Of The World 333 Orchard Road. Singapore *****7. Tel: 737 4411 ►The n«w Phoenix Garden Cafe is now open Right in the heart of Orchard Road Popular Buffet Lunch, High Tea and Dinner ►Two function rooms, seating up to
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  • Page 15 Miscellaneous
    • 734 15 TV&RADIO ■> X essary Roughness. 11-30 TV Innovations. 12.45 AM Why Planes Go L3O AM Close. ■40 VPM TV Innovations. Down. «g A ■■■he Winners. L4O Capital City. SHAfoney, Money, Money. 245 By Demand. 12.00 NN News. 34»piow To Succeed In Busi 320 The Three Stooges. 12J5 PM Perspektif. ?ness
      734 words
    • 275 15 CBTPTIC CROSSWORD 1 Sat tying bib, perhaps, doing 7 Requires pounds, say (5) 8 Against going to tennis ground j j I I I I r where we brat the French once j|H jjM~ —||J--- wr—-■■■— Discussed action to guard protected mammal (7) oversight (5) U —BHfl —LJ__L_L^_J__LJ 13 Dating
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  • CYCLE & CARRIAGE GOLF PAGE
    • 1786 16  -  Some of its courses rival Johor's best developments, says mcKLAUSDtaun NICKLAUS D'CRUZ SABAH, the "land below the wind", is shaping up as the new golfer's paradise. In the midst of a modernisation boom, this East Malaysian state is building golf courses that rival the
      1,786 words
    • 214 16  -  By Ven Sreenivasan [SINGAPORE] The BT Golf index continued to edge up in July, confirming the trend of firmer prices for golf club membership prices on the secondary market which began in March this year. The index, which tracks the advertised prices of eiqht local
      214 words
  • Page 16 Advertisements
    • 320 16 Who says starting a family! will cramp your style^l Certainly not Mercedes-Benz. Ample dimensions, however, does not mean it Because we believe parenthood gives you a unique reduces ease of handling. Electronic Traction System opportunity to express your individuality. or ETS gives the E-Class Estate increased traction One such opportunity
      320 words

  • COMPANIES & MARKETS
    • 358 17  -  200 ha project to comprise orchid farm, golf coarse and hot spring resort By Lu Ning [SINGAPORE] Prime Group International and listed Singapore Technologies Industrial Corp (STIC) have joined forces to develop an orchid farm and a holiday resort in Hainan, China.
      358 words
    • 387 17  -  Three deals costing USslB3.6m for that big stake in Acominas By] Le Han Shih [SINGAPORE] Listed Nat Steel Ltd is leading a consortium that will spend up to U*****.6 million (*****.7 million) to buy a big stake in a Brazilian steel mill.
      387 words
    • 289 17 [SINGAPORE] G&W Group Holdings yesterday closed its mainboard trading debut up 21.5 cents at 71.5 cents, giving investors a 43 per cent premium on the shares. With 35.65 million units traded, the counter was the top volume stock on a day when
      Source: Bloomberg  -  289 words
    • 326 17  -  But price tag for block of 293.5 million shares undisclosed From Eddie Toh in Kuala Lumpur NATIONAL oil corporation Petronas Bhd's purchase price of a substantial block in national shipping liner Malaysia International Shipping Corporation is higher than a rival bid
      326 words
    • 682 17  -  HOCK LOCK SIEW Eddie Toh IT could be more than just an investment decision which led to national oil corporation Petronas Bhd acquiring a substantial block of national shipping corporation Malaysia International Shipping Corporation. The oil giant would not say how much
      682 words
    • 240 17  -  By- Ang Wan May [SINGAPORE] Fireworks are expected at the Sept 9 annual general meeting of Metalock (Singapore) Ltd as a disgruntled major shareholder and director is proposing changes which he thinks will bring about better management of the company. Kuah Kok Kim, a 24.9%
      240 words
    • COMPANIES
      • 262 18 Utility giant using money raised to upgrade plants and improve network AFP [KUALA LUMPUR] Malaysian power giant Tenaga Nasional Bhd will issue long-term private debt securities (PDS) worth Msl billion (Sss3B million) to finance infrastructure upgrading, reports said yesterday. "We have already appoint-
        AFP  -  262 words
      • 173 18 (SINGAPORE] Mainboardlisted Sunright Ltd yesterday raised its stake in semiconductor testing subsidiary KES Rood Technology Pte Ltd (KRTS) to 87.2 per cent. Sunright has created 11 mUlion new shares of $1 each in KRTS, which provides testing services to major semiconductor manufacturers.
        173 words
      • 140 18 [SINGAPORE] Uraco Holdings will receive U*****,000 (511.4 million) from the liquidation of its China joint venture, Chongqing Yuanda Appliance (CYA). The liquidation of the joint venture between Uraco subsidiary Vision Venture and Chongqing Sida Experiment Factory (Sida) was due to "irreconcilable differences", Uraco said.
        140 words
      • 378 18 Ponds for expansion in China are vital for its future growth FT [HONGKONG] CCT Telecom, the fast-growing Hongkongbased telecommunications equipment manufacturer, is to raise HK$2.Ol billion (Ss3B7 million) through a rights issue to fund expansion in China. The move follows last month's
        FT; FILE PHOTO  -  378 words
      • 277 18 AFX-Asia [HONGKONG] HKCB Bank Holding Company Ltd is looking to acquire financial institutions in China, Lippo Ltd managing director John Lee said. He said it is expected that the banking and financial sectors in China will further open up after the
        AFX-Asia  -  277 words
      • 519 18 Merchant bank's IPO comes as financial stocks lose favour Bloomberg [KUALA LUMPUR] RHB Sakura Merchant Bankers Bhd is one of Malaysia's best-known stock underwriters and corporate finance specialists. That could be the undoing of its initial public offering. Investors will likely give
        Bloomberg  -  519 words
      • COMPANY Briefs
        • 66 18 [SINGAPORE] Electronics counter Seksun Precision Engineering said yesterday its interim net earnings fell 4.7 per cent to $2.2 million. Turnover was down 4.1 per cent to $27.79 million. Earnings per share based on existing share capital was 3 cents, against last year's first half
          66 words
        • 39 18 [SINGAPORE] Mainboard-listed Showpla Asia's public offer for a secondary listing on the Osaka exchange has been fully subscribed. Showpla offered 32 million new shares at 30.83 yen each. They will be listed on Friday.
          39 words
        • 97 18 [SINGAPORE] Tong Meng Industries has posted a 120 per cent surge in net profit to $1.1 million for the six months ended June 30 despite a 3.6 per cent fall in turnover to $1.9 million. Earnings per share more than doubled from 6.23 cents
          97 words
        • 65 18 [SINGAPORE] Wepco Ltd's net losses widened by 2 per cent to $699,000 for the first half. Turnover fell 31 per cent to $7.4 million. Loss per share based on existing share capital was 4.43 cents against a loss per share of 4.2 cents in the previous
          65 words
        • 31 18 [SINGAPORE] Societe Generate has bought a 6.35 per cent stake in Asean Fund Ltd. It bought 952,800 shares for U5515.75 each on Aug 14.
          31 words
        • 90 18 AFX-Asia [KUALA LUMPUR] Southern Bank Bhd has proposed a one-for-one bonus issue of 199.84 million new shares of Msl each and a one-for-two rights issue 0f299.77 million new shares of M 52.50 each. The bank has also proposed to lift its authorised share capital to
          AFX-Asia  -  90 words
        • 83 18 Reuter [KUALA LUMPUR] Mycom Bhd said it is continuing to hold talks on a proposed sale of its controlling interest in a plywood mill. The diversified firm has asked for an extension of suspension of trading in its shares. It did not provide
          Reuter  -  83 words
        • 68 18 [KUALA LUMPUR] Gadek (Malaysia) Bhd expects its non-automotive businesses to turn in higher contributions of between 25 and 30 per cent to the group's earnings in the future. Gadek recorded a 369 per cent jump in group profit to M 5354.7 million (Ssl9l million) on
          68 words
      • 384 18 Bloomberg [HONGKONG] Kunming Machine Tool Co shares surged to a three-year high as the company reported its sixth straight profit decline. It is one of the H shares, Chinese state companies that trade in Hongkong. The H share index is the world's best
        Bloomberg  -  384 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 532 19 Steep earnings fall hides strong performance of group's Carlton and United Breweries day's close. Reuter, Bloomberg {MELBOURNE] Australia's Foster's Brewing Group Ltd yesterday reported a steep fall in annual net profit, blaming the local tax collector as well as tough beer
        day's close. — Reuter, Bloomberg; REUTER  -  532 words
      • 241 19 Bloomberg [TOKYO] Yaohan Japan Corp shares rose 19 per cent on reports that the financially troubled retailer will receive a 20 billion yen (***** million) loan, which it will use to repay overdue bills. The stock rose 25 yen to
        Bloomberg  -  241 words
      • 369 19 Threat to sue US firm's management over rival bid Bloomberg [PARIS] Societe Bic SA said it raised its bid for Sheaffer Inc by US$2 million (Ss3 million) after Sheaffer's management last week presented its own offer for the US pen maker, the world's fifth-largest
        Bloomberg  -  369 words
      • 385 19 Aussie food retailer's 2nd half profit up on strong supermarket, general goods sales Bloomberg [SYDNEY] Strong supermarket and general goods sales have set up Woolworths Ltd, Australia's largest food retailer, for another good year ahead. "The group is well positioned to perform satisfactorily in an extremely
        Bloomberg; FILE PHOTO  -  385 words
      • 214 19 Bloomberg [TOKYO] Toshiba Corp said it expects to sell fewer computers in the year through March because of increasing competition in the US market. The world's largest laptop computer maker now expects to sell 3.7 million computers worldwide, 300,000 fewer than initially
        Bloomberg  -  214 words
    • FINANCE & COMMODITIES
      • 551 20 Value of some insurance investment trusts down by np to 18% this month FT [LONDON] Specialist funds which back insurance syndicates at Lloyd's of London, the specialist international insurance market, have fallen out of favour with stock market investors despite bumper profits this year.
        FT  -  551 words
      • 245 20 Selling price of joint venture with Panin not revealed Reuter [SYDNEY] The Australian Mutual Provident Society, Australia's largest insurer and funds manager, said yesterday that its joint venture Indonesian life insurance company AMP Panin Life would be sold to Dharmala Manulife. AMP
        Reuter  -  245 words
      • 200 20 Reuter [SYDNEY] Westpac Banking Corp chairman John Uhrig said yesterday the decision by John Morschel to step down from his day-to-day duties at the bank was not linked to Bob Joss' decision to stay on as the bank's managing director. "We would be more than happy
        Reuter  -  200 words
      • 358 20 Merger will create largest insurance group in Canada FT [VANCOUVER] Great-West Lifeco, the Canadian insurance holding company, is expected to succeed in its C 52.9 billion (Ss3.l billion) bid to acquire London Insurance Group, after the Royal Bank of Canada opted
        FT  -  358 words
      • 133 20 Bloomberg [SYDNEY] Five Australian banks began exchanging funds through a new payments system yesterday in a step closer to the introduction in 1998 of real-time gross settlement of accounts. Deutsche Bank, Colonial State Bank, IBJ Australia Bank, Standard Chartered Bank Australia and the
        Bloomberg  -  133 words
      • 411 20 Reuter [MELBOURNE] Australia's largest aluminium producer, Comalco Ltd, posted surprisingly strong half-year earnings yesterday, signalling a major reversal in fortunes. Comalco, 64-per cent owned by Anglo-Australian mining giant Rio Tinto, said its 37.5 per cent rise in net profit to A 569.6 million
        Reuter  -  411 words
      • 238 20 SSMESLReport Reuter [SINGAPORE] Simex Euroyen futures edged higher in line with gains in Japanese government bond (JGB) futures yesterday, but activity was limited by a London holiday. Brokers said players were also reluctant to take fresh positions ahead of a 10-year JGB auction today
        Reuter  -  238 words
      • 150 20  -  MSCI TAIWAN FUTURES -By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures contract underwent a day of consolidation with most trading centred around the August contract which expires this Friday at 12.15pm. Main buyers were Ong
        150 words
      • 269 20 ENERGY REPORT Reuter [NEW DELHI] The Indian government's failure to decide on increases in crucial oil product prices is pushing the petroleum industry into a deep crisis and reflects the inherent contradictions within the ruling coalition, analysts said. "While the nation as well
        Reuter  -  269 words
      • 288 20 Reuter AFP London THE US dollar was firmer but confined to narrow ranges at the European mid-session in cautious trading ahead of the Bundesbank's repo tender today, traders said. The US unit rose above 1.82 marks in Europe in a rebound after Friday's sharp sell-off but lacked the
        Reuter; AFP  -  288 words
      • Article, Illustration
        1436 20 DtTERBAWK CROSS RATES Aug25 A$ C$f»CCU Ffr HKS \mt ti HjUk Y— Won X$ M2$ Hfc »S Peso 5$ to*4 Sfr WTS imt N—4 U5S Austral* 1041 6.178 0.694 4.599 1364 5.795 ***** 20.189 0.884 6.772 2.074 1154 30.379 22J71 IH6 3.502 1124 ***** 25,447 0.467 0.748 Canada 0.961 5.977
        1,436 words
    • 1512 21 8I00M rUTUMS Aug 25 NMO mra«hM|«ai 8» I cwitiAa) Oom VMnm OpM Marti tag U» Srtt (ten) MNrwt S97 MO.50 140.50 MOJO 50 325 97 142.75 W50 Nov 97 M5.75 *00 0»c 97 W8.25 1950 J«n/ltar 98 154.25 53» Apr/JM 98 W.25 MMO .M/Sap 98 WU5 -4100 IS
      1,512 words
    • 2148 21 mmmmmm mmm «eg 22 IrtBtrtab 34 Group 477.400 -12.600 A* Ports 271.400 -7 Abbey National 827 -5.400 AMed Domecq 461 -12 Aowc 151 *1 Aide Group 151.400 *1.800 BATInd 512 *4 SC P»e 263 4 B4CC 171 1.600 BOC Croup 1110 -21 BR PotroMum 878 -2 BTR
      2,148 words
    • 1612 21 AFP PffikkaMS *00 JAPANESE share prices closed narrowly mixed yesterday as short-covering pushed the key market index back into positive territory in largely technical trading, brokers said. "A wait-and-see mood was prevalent throughout the day, as investors tried nervously to assess the direction of Wall Street this week following
      AFP  -  1,612 words
    • Article, Illustration
      1575 22 AFP QjHangSeng +169J3 STOCKS rose 1.1 per cent yesterday, propelled by interest in mainland-listed H shares and gains in property developers and local blue chip Hongkong Telecom. Dealers report expectations of fairly stable prices for a government land auction tomorrow the First since Hongkong returned to Chinese rule. The
      AFP  -  1,575 words
    • Article, Illustration
      685 22 Reuter nShenzhen Blndex -156 THE Shenzhen B share market closed sharply lower yesterday, reflecting caution as the market entered the final week of the interim reporting season. The B Index fell 2.56 points to 146.59 on turnover of HKSI79 million. The A Index rose 4.54 points to 388.02 on
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  685 words
    • 384 22 AFP Q VP Index +46.06 STOCKS rose yesterday thanks to good gains by petrochemical and banking issues. However, brokers said most investors stayed on the sideline on the lack of fresh news. The Weighted Price Index rose 46.05 points to 10,011.47. Turnover was 2.1 billion shares worth NT$l5O.B billion.
      AFP  -  384 words
    • 253 22 Reuter n Wellington -9.86 SHARES closed slightly weaker yesterday with some investors staying on the sidelines to see if Wall Street continues its see-saw ride. The NZSE-40 Capital Index fell 9.66 points at 2,488.11. Reuter m *t- rmm ANZ B«n»,ng 11.55 -0.05 3508 A0»«nt»<)«» Hiag» 0.90 uncH ***** Air
      Reuter  -  253 words
    • Article, Illustration
      832 22 AFP nSETlndoc -2M8 SHARE prices fell yesterday on expectations of tough times ahead for financial institutions and share dilution from expected capital increases. Analysts said investors are also waiting for economic indicators which will be announced on Thursday. "Their focus is on the Bank of Thailand's moves towards solving
      AFP  -  832 words
    • 426 22 AFP CI Composite Index -0.82 STOCKS closed lower yesterday as investors sold blue-chip stocks after news of a government financial rescue package failed to boost sentiment. "There was nothing special enough to boost sentiment. I think share prices already reflected the government's aid plan," a broker said. "What concerns
      AFP  -  426 words
    • 603 22 AFP Fl AD Ordinaries *1&8 SHARES defied a negative lead from Wall Street yesterday and rose to close just off their highs after a tentative start, brokers said. An analyst said the market had finished strongly for no obvious reason, adding: "I'm not really sure why it's got such
      AFP  -  603 words
    • Article, Illustration
      807 22 AFP {J Composite Index -3L75 SHARE prices fell 5.5 per cent yesterday as investors sold across the board on concerns at high interest rates and tight liquidity, dealers said. "People were selling at any price just to get out of the market," said a dealer. "Although we saw a
      — AFP  -  807 words
    • 281 22 AFP IP Manila -64.70 SHARE prices fell yesterday as underlying peso concerns were seen to affect economic growth in the second half of the year. The Composite Index fell 64.70 points at 2.364.03. Turnover was 2.3 billion shares worth 1.1 billion pesos. Losers led gainers 103 to 18. Manila
      AFP  -  281 words
    • KUALA LUMPUR STOCK MARKET
      • 8621 23 INDUSTRIALS Consumer products 1997 Last Vol Day Net C»p High Low Company Solo 'OOP Low P/C Smll 790 48<T Ajinomoto 490 27.1 198.6 448 269 Angkasa 272 "8 11 280 272 8.1 401.1 90S 600 Apollo Food Hlg 625 -5 19 625 600 18.2 250.0 765 372 Berjaya Land 630
        8,621 words
      • 295 23 AFX-Asia P Composite Index -21.04 SHARE prices closed sharply lower across the board yesterday on late selling by foreign funds on continued concerns over the country's economy. Dealers said S&P's downward revision on the outlook for Maybank and fears of a widening current account
        AFX-Asia  -  295 words
      • 272 23 u» Dawn Uacfc Connjmar pro 3 45 7 ind prd 12 63 12 Construction 7 17 0 Trad»ng/Svt 44 16 Intrtstru 12 1 Flnanca S 45 9 Hotel 0 5 0 Property IS 40 K) Plantation 3 26 8 Mintrwj 1 S I Tnjtt 040 Loan 11 77 M Rti/WafranU
        272 words
    • WARRANTS&OPTIONS
      • 3432 24 BONDS, LOANS WARRANTS w 1997 Last Val Day Last Ouata Avg High Ln S*i»o Company Jala Hf COOOI HI# Law Buyar SaHar Wea 68 38 m 3000 mAMD«c5 5******6 38 37 81 41.5 3160 "Acar ******1USS «5 *2 58 65 63 *3 65 131 56 3164 Acma ******4 58 -4.5
        3,432 words
      • 189 24  -  WARRANT WATCH -By I R Sivanithy NEW warrants are always interesting, for the simple reason that sooner or later, the market will want them. The latest warrant to list here is that issued by engineering firm Lindeteves Jacoberg, which, along with
        189 words
    • 2081 24 MALAYSIAN STOCKS Sr 8r 1997 Last V« On Laat OmM* Ot» Mr *W Mai M Cap High Law Stna Company SaK COOP) Hg Law Buyer »Har Cw P/t 478 212 m 5000 AISB 50c 217 -2 31 218 214 214 218 5.0 49 0* 47.1 222.* 137 70.5
      2,081 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1608 25 TURNOVER f000) VALUE ('000) mm em r«w Mat* o* T«*H Mduttrtai 717*0 I4.7M 84.479 144,023 22.823 '»M«< F Inane# 4.138 3.245 K),083 4J.0« 7.440 *0.525 MM 929 477 1.404 IM4 595 2.479 PWrtJOT <m 4.192 8,303 2V922 4,193 28.H4 Plantation U44 1,244 2.T19 Llg MMnf 405 405 «M 694 BLW
        1,608 words
      • 4927 25 Or Or M Wt ,497 Lut Vol Day Last Ouota Otv Dtv Yld Hat Cap Avq Hiqn Law stNo Company Sala COOO) High Law Buyar Mtar C vr P/E $mM Price MXJSTRtALS 157 toi a 1020 ACE 0ynarmcs60c 101 -2 26 105 101 101 102 -H2 82.7 103
        4,927 words
      • 1106 25 61 Or M Wt NV7 Last Val Day LmI Oaata Wv Dt« YM Nvt Cm> Avg L— WW C a——y la* COOW I—I U» »rar Cw >« M Utea 186 74 2000 ABRHMQISC 130 -4 2H l» 121 129 131 3.0 6.0 0.1 185.7 57.8 132 412 144 t
        1,106 words
      • 231 26 Stacks Vata«a G&W Grp 20c 35,646,000 STIC 25c 4,304.000 Amau Hldqs Lt 3,993,000 CM Telecom 75c 3,570.000 SingTel 15c 3.204.000 'Renong Bhd 50c 2,835,000 •Rekapacifk Btt 2,640,000 Asia FoodSProp 2,594,000 Hotting Inv MT5 2,427,000 ST KtfO 50c 2.311,000 Stacks S G&W Grp 20c 28,096.055 SIA Foreign 20,625,853 STIC 25c 12,393.205
        231 words
      • Article, Illustration
        63 26  -  by! Shiv Taneja BERGER INTERNATIONAL closed 13 cents lower yesterday at 71 cents on a volume of 1.73 million shares, compared with its 10~day traded average of 181.100 units. The stock has fallen below its longterm support of around 80 cents. Looking ahead, there is more downside in
        63 words
      • 710 26  -  STOCK MARKET COMMENTARY At the heart of the dismal performance is the loss of interest in the region, brought on by plunges on the Thai, Indon bourses By R Sivanithy {SINGAPORE] Region-wide currency and equity weaknesses were the main preoccupations yesterday, which meant
        710 words
      • ON THE GRAPEVINE
        • 104 26 WHAT do modern-day managers deluged with information get? Ulcers, for one. Tumours, for another. IFS, for a third. Short for Information Fatigue Syndrome, it's a new disease that managers are particularly prone to. How come? According to a recently-released study by Reuters, managers are
          104 words
        • 66 26 REMEMBER the recent incident where a doctor in practice got caught on-camera scratching another colleague's car? Well, there's more. The security cameras, the story goes, revealed much more than car-scratching in the hospital car park. It seems clandestine trysts at unearthly hours also featured prominently, reportedly involving
          66 words
        • 92 26 AND while we're on the subject of acronyms, what would our readers think of CIA97 with more than 800 "operatives" attending? Well, the Central Intelligence Agency is not about to tell us all about their intelligence activities anytime soon. But there will be a four-day November conference here combining
          92 words
        • 93 26 OVER the weekend, a local banker had a breakfast meeting with some high-level overseas bankers. When asked about developments at the Monetary Authority of Singapore, he proceeded to give his account of the "inside story" as he saw it But after his somewhat lengthy discourse, the overseas
          93 words
        • 107 26 HERE'S a tale based on that bronze statue fronting UOB Plaza 11. There was a recent car rally where participants were required to answer questions on different landmarks along the route. UOB's Salvador Dali statue was one of them. The question posed was: where are the two balls
          107 words
  • Page 17 Advertisements
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      405 words

  • Page 18 Advertisements
    • 96 18 PRIME OFFICE SPACE FOR LEASE CONSIDER LOCATING YOUR OFFICE AMONG OTHER PRESTIGIOUS TENANTS. Situated just outside the restricted zone Close proximity to the MRT Station, CBD, shopping hub and other conveniences Ample car parking Shuttle bus service from City Hall MRT Station Intelligent telecommunications and building management systems Built-in structured
      96 words
    • 87 18 In business good connections can make aworld of difference Reach customers and business partners around the workl with Singapore Connect, Singapore's most comprehensive business directory on the Internet with sinoaporeconnect: Join our Partners Programme and get in touch with companies abroad who want to do business with you Add information
      87 words

  • Page 19 Advertisements
    • 7 19 Singapore Business Giving you the winning edge
      7 words
    • 205 19 iWITiI K(S)P ,*s I— Beds more—' F Germany v\.» qsqnation Individual A Bed To Suit '4 Every Individual's ■w' Taste with 5 headboards for selection which are either At Studio Line, we believe the S with washable coverings **r bed should play the primary -i role in anchoring a room.
      205 words





  • Page 24 Advertisements
    • 29 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. j
      29 words

  • Page 25 Advertisements
    • 187 25 W A WIZ ....comes to you Available at Amconics, jl f wish to subscribe to Wlz ton (please choose one) Method of Payment (please tick one) C |,roi/ iint/TU JH MPH.TimesTließooksh o9 j One y«ar(l2 Issues) at $54 Charge to my card Visa Amex Master Diners y tzVcHY /wU/V n
      187 words
    • 8 25 Home Decor For people who love their homes
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  • Page 26 Advertisements
    • 1819 26 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. BUSINESS Notices To advertise call toll-free 1800-741 1883 i iTI 1 SAVU PROPERTIES LTD 5550,000,000 SECURED FLOATING RATE Notes Due 2002 In accordance with the provisions
      1,819 words
    • 75 26 khlJ /UHISII h i s g \im r —i ri s WPMIiIIS? I? lllff ft f Lf.ioi if ifi l llih i mi 2 h r-Ti| (l |{{f e|l I? Ju !i I hJ! I, f" nil hs ill zL >! |!l ®!i Iff <5 i i> <9! "j. o
      75 words

  • SHIPPING TIMES
    • 292 27 Bridge News Reuter THE AMOUNT of Panamaxes available for prompt cargoes from east coast South America has been reduced to almost aero but equally most of the prompt cargoes have been fixed from the area, brokers said. Biffex traded much better volume, but again concentration was on spreads
      Bridge News; Reuter  -  292 words
    • 181 27 ses Hft' ma '<• *L CWT DWrtbuaon toe -OOT *7 ChuJnMup——-0-94S -0X09 209 CMtolmtstiMnt-_UJ -0X4 rrvMitLMl 0X1 "O.OOS 5* GBMoMlnQi -0-70 j).005 6 HteSun Hup 0.969 -0.005 HttacMZoMn 0X7 undi. IMCHoMnqt —HKSXO Jpyt HoMnqs 0.7J fflS&rtS SSS 52 52SrSrZZ4.SO uneh 44* MwttTM toe -aoj m IX* undi US
      181 words
    • 588 27  -  liberalisation will be allowed in certain areas to enhance competition: Mah By Felix Chan [SINGAPORE] The Singapore government sees no immediate need to introduce another port operator when the Port of Singapore Authority (PSA) is corporatised later this year in view
      FILE PHOTO  -  588 words
    • 358 27 Proposal may mean cargo will be shipped direct from southern China, bypassing HE South China Morning Post [HONGKONG] Shenzhen port authorities plan to have all container business which is being shipped through river ports in the Pearl River delta channelled through
      South China Morning Post  -  358 words
    • 468 27  -  National Fanner's Federation says onion misrepresents state of ports From. Jerzy Farynski in Sydney CLAIMS by the Maritime Union of Australia that "productivity has never been better on the Australia waterfront" were a misrepresentation of the state of the country's ports,
      FILE PHOTO  -  468 words
    • 131 27 AFP [TOKYO] One Japanese fisherman was killed and two were missing after a fishing boat collided with another vessel off the northern Japanese island of Hokkaido. The 184-tonne No 81 Ku-mano-maru with 17 people on board, collided with a cargo vessel at 1530 GMT.
      AFP  -  131 words
    • 238 27 [SINGAPORE] Kelang Container Terminal Bhd (KCT) is on track to handle close to one million TEUs (20-foot equivalent units) by the end of the year, managing director Abdul Samad Mohamed said. "We will approach one million TEUs for the Ml year if the
      238 words
    • 831 28  -  RUSSIAN MERCHANT FLEET Russia has a history of surmounting improbable odds, so it may be too early to write off its shipping industry liy. Albert Axelbank The writer is a former Journal of Commerce correspondent in Moscow WK s comp a n ie s struggling for
      831 words
    • 272 28 PAGE Eurohans 6 acl n Evergreen 6 AM. 3 famous 7 Accord 12 FL-Bnght 6 AppensJxp 5 '""J*" Astro 3 0UBfc 4 Austral tl Gemartrans 13 Avant 6 8SA 7 Gkobelink Ma** 7 GuanGuan 4 Hai Sun Hud 12 CCNI 7 Hanoli 12
      272 words
    • 15701 34 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Ves5* Voyage Telephone SIN Destn Name Heme Ng mOer Number SIN Oest'n Name Nam* Number Number MMHHMMMHMIMMMMMMMMIMMMNNMMMMMMMMMNNMMMMHMMt gNHMMMMMMMMMMMMMMMMMMMMMMNHMMNMiMNM 31/06 14/09 Hyuoda. MM HY PRIMORSKIY »2W 65-JJ***** A 01/09 08/09 Orient E>p OOCl ADMIRAL 005 45 *****55 02/09
      15,701 words
    • SHIPS IN PORT
      • 787 41 Vtud Voy Mo Swth Arrival Dapartui JmiM ■nlMiri 70 J07 HonQwM 26 08/0600 Ua MM *374 J11 26.06/2)00 FCM *****7 JO «M«M* 26 06/1800 latfaaarn UC46 J23 Atonqvde 2700/2359 IMdw Honor *703 J06 *o«jv» 26 08/1500 MM 5 1/97 J02 nonquot 2101/2300 »K ttAttw n J22 WMKjsJdf 29
        787 words
      • 1838 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Mine* Bstls Ship Voy No Etb/Btr Period From To From Annmn o4on it/oioo a anno 24/0459 24/0900 a 25/1700 26/0659 26/0900 26/0700 26/115* 24/MOO 4 26/1200 26/145* 26/1700 mi war am i am bm mm 2* 25/1700 26/0651 24/0100 1
        1,838 words
      • 205 41 Aug 29 Slovakia: National Uprising Day. Ad| 30 Peru: Santa Rosa of Lima. Turkey: Victory Day. Aug 31 Malaysia: National Day. Philippines: National Heroes' Day. Sap 1 Canada: Labour Day. Malaysia Day after National Day (as National Day falls on a Sunday). Slovakia: Constitution Day. United States: Labour
        205 words
      • 922 41 THIS report, complied by Cockett Marine Oil Ltd. shows price ranges In US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are tndicat ed. The Cockett Bunker Price Index change and the
        922 words
      • 518 41 Carton 160 Mm 992.9 0.9 15.4 0.07 75 0.07 km 21 OmsRt Hater Rtsidu* Ask Aluminium Sediment No above £25 2 0 1 0 0 0 380 AM 986.5 0J 12.7 0.06 33 0.02 bin 380 Mai 991.4 0.9 17.7. 0.10 73 0.09 M/Wl mi Wo
        518 words
    • AIR&LAND TRANSPORT NEWS
      • 529 42  -  It is keen to get a partner from mainland China, North Pacific and Africa By Felix Chan [SINGAPORE] United Airlines is looking for at least three more partners to join the Star Alliance, with two of them likely to come from the
        FILE PHOTO  -  529 words
      • 206 42  -  By Marcus Hand [SINGAPORE] EVA Airways of Taiwan is to sign an alliance with Continental Airlines in the US today. A spokesman for EVA based in Taiwan confirmed that the airline will sign an alliance with Continental Airlines. However, she declined to give
        206 words
      • 384 42 AFP [TOKYO] Japanese car makers yesterday reported continued output gains in July, with strong exports offsetting stagnant domestic sales, a trend feared by analysts to refuel trade friction with the US. "Japanese car makers apparently made use of strong exports to offset
        AFP  -  384 words
      • 51 42 [SEOUL] South Korean employees of companies which supply parts to the troubled Kia Group rally to demand that the government and creditor banks help bail Kia out in Seoul yesterday. The Kia Group had total debts of 9.54 trillion won (5515.9 billion) at the end of May.
        REUTER  -  51 words
      • 210 42 Delivery time of parts to be shortened from 2 months to abont3weeks AFP [TOKYO] Japan's Toyota Motor Corp will enhance its auto parts procurement systems in the US, Europe and South-east Asia in line with plans to boost overseas output,
        AFP  -  210 words
      • 350 42 (KUALA LUMPUR] Malaysia's largest car maker, Perusahaan Otomobil Nasional Bhd, or Proton, will use more local parts to cut import costs and reduce export prices, its executive chairman Saleh Sulong. said yesterday. "We are undertaking costreduction exercises to bring our
        350 words
      • 441 42 Reuter [DHAKA] South Asian countries are planning to expand direct air links to boost trade and tourism, although the initiative could be hampered by a shortage of aircraft in some countries, Bangladeshi officials said. The plan would be the core issue of
        Reuter  -  441 words
      • 149 42 Bernama [KUALA LUMPUR] Malaysia yesterday called for the creation of Asean lanes at the airports of Asean member countries to facilitate the smooth entry and exit of tourists from the nine-member regional grouping. Deputy Home Minister Datuk Tajol Rosli Ghazali said tourists
        Bernama  -  149 words
      • 119 42 Bernama [KUALA LUMPUR] Three possible routes have been shortlisted for the Trans-Asia rail link from Singapore to Kunming in China and only the most viable one will be chosen, Transport Minister Ling Liong Sik said yesterday. He said all the three routes will
        Bernama  -  119 words
      • 1592 42 CITY FLIGHT ETA FLIGHT EW AMjM* Of St 1930 Of82 2055 No CM MM VN74I 1310 CAS38 12W S0229 2220 GA839 1705 VM740 1410 Amsttrtem S0327 0805 KL844 0040 JJ5J] JJ? 5 m GA897 1045 KL838 2300 *"V~ **g—' 1455 £g IS IS SSS AttWl S0347
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  • Page 27 Advertisements
    • 17 27 Reviving Russia's ailing merchant fleet Russian shipping needs federal funding, tax relief and radical restructuring. Page 2
      17 words
    • 247 27 Star Alliance seeks at least 3 more partners It is keen to get a partner from mainland China, North Pacific and Africa. Back Page People Emery Worldwide has named Peter OuantriU, 50. vice-president. international. He succeeds Chutta RatnatNcam who is now senior vicepresident and chief financial officer of Emery's parent
      247 words

  • Page 28 Advertisements
    • 856 28 I IMPORT i NQHTH AMERtCA "1 I QiJLF/tNDfAN BVB*CONTtNENT 1 SINGAPORE CALffORNtAEXPRSSS (PffiECTFROM WEST COAST) ICHJLF KARACHI EXPRESS (QKX) I vtssa vot I oak van su u siii vtssa vot" JU POM uiT~ KM coi pkg m KKRUtT MWS3O a/07 30/07 31/07 04/00 21/ M ****** 1M M/W 10/00 11/00
      856 words
    • 653 28 I lAL Container Line (UK) Limited As Agents Marine Transport Resources ISI Pte Ltd Tel 223 8380 Fax 223 8387 mm "Look no further call us" >■ Weekly to the Indian Sub-continent and the Middle East EXPORT 3 X Japan -2 x Hongkong -1 x Monk •1 x Koorfwmg, KWung
      653 words

  • Page 29 Advertisements
    • 1077 29 PAOFK SOUTH WEST EXPRESS (DIRECT) ALSO ACgPTING MAHAUS VIA LAX/HOU Ivpsa 1 vot 1 pia Iswra Is—no lux m am <h kk «n hou _wk su AH(MNA 0201 11/08 20/01 21/00 05/09 09/09 19/09 10/09 11/09 11/09 10/09 10/09 12/09 An SINGAPORE 0161 25/00 27/08 28/08 12/09 16/09 17/09 17/09
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    • 2186 29 (g) HANJIN SHIPPING USA CANADA* IUMNMK/VOT IMM SM SM TO TTW TOT 00 PTT Ml PU I OWI MU> IPS I NTC OtF TV» TTZ I Til I ITB rusANsaurotocn ~vm~ m/m~ u/w "m/w~ h/w u/w 71/w n/w m/w b/w m/w a/w a/w m/w m/w m/w m/w m/w n/w n/w
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    • 104 29 Ifswin ORIENT EXPRESS UNES (U.K.) LIMITED I IS*.!. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VESStt VOY SINCAKttt KMOAY VKSII VOY MXHAY Sltt6APo« NOftDKAP 415 415 22/08 30/08 NORDKAP 414 13/06 22/06 JUTHA PARICHART 006 26/08 04/09 JUTHA PARICHART 005 16/08 25/08 ALBERT BRIDGE 003 29/08 06/09 OOCI
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  • Page 30 Advertisements
    • 1338 30 <<r DSR-SEHATOR Round the World Container Services TO WCOOTIKKNT FROM UK/CONTINENT I WML IvOY fIM I HTM I AMT IMV 1 MOM FIX lUM llwwa Wl UM Bjj _jTj_ JW_ JjjjL. MB_ chotmmahc ww7T7 rfW mm" mm osnnosroc* emi bi mm n.m mm sim mcoMFun saw Ton iiftm mm MM
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    • 1083 30 I NQRASIA 1 I VESSEL VOY SM ALQ HOT MX ANT FH. LMA j NOH SHARJAH 97JW 2M6 12M 14M 22 L*! 22 5* 25 112 MSC PAMELA J734-3 SIM IMN *I*9 3M> 91/11 2709 02/10 25M 2MB 24M I HOrSNGA 9736-3 NM 2W9 2M9 07/11 00/10 04/10 9V19 02/10
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    • 501 30 LINK J TfLt MIISM MXi 2391*37 I MiIARA j 1 LABUAN vcsa vot no ci* vcsa wt m m sroti MUM sroti m inova vm/»7 a/a a/a Jftosm vm/»7 a/a a/a uu. Quart viii/w a/a n/a «nt oo«y v?u/»7 a/a oi/a JP«OSPH V7W/17 OJ/W M/M JPtOSPB VaW «/W 07/* moorr
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  • Page 31 Advertisements
    • 1391 31 IviBBBl VOY I BIN BKK POO PKQ PtN MLW I BUM BA BIK IRAN TAKHTI PJL-1249 28/08 08/08 08/08 IRAN VAHDAT PJL-1233 08/00 31/08 08/08 24/08 28/08 IRAN QHCYAMAT PJL-1248 31/07 07/08 02/08 18/08 18/08 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA,
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    • 1195 31 ACCEPTIM CAMO TO/FROM SNEKOII 4 NMMHI I WiIKIY PHICT I SINGAPORE'S GENERAL AGCNTS: SHENTON WAY 10: 226 1900 FAX: *****01 OUTWARD (l/lT^TMslo^TaHoSofna?™™ 11 I COSTAR SNIFFING PTi LTD #17-01 DOSIU* SAUS/MGS 4205M1/43 INWARD DIPT (D/O) *****15 COSTAR AGENCIES (M) SDN DHD a NO: H767W*****1 TOWER TWO (*****f)__CQNVENT10NAl *****50/S5 T/SHPMT DCPT
      1,195 words
    • 361 31 /7_ZJ PDZ LINES SDN BHD jf IS TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 KiKMM+rASTiST TUMSfT/1 /~MOAMM PMIO»ITY tftri~7j K0 CHI MMM+tMCATU A APPU ***** 21/01 GITONG 9737 29/00 GWOCK 0723 92/99 GIWIII 9741 20/01 GIWIII 0740 30/01
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  • Page 32 Advertisements
    • 1275 32 EUBOK/UKyKANOtNAVIWNUNU/HIMSIA rjeTl ROM ANW HI6 THP ZEE LMV LHV THP RDM A*W HM J*L W t RACER RW-010 MAO 1 0/00 2MM 20D9 22JM 23/09 24/ M E. GIVE* RE 059 17/07 JM7 ?W JW 01*0 ZMM 27*0 E REACH RW-015 OMM M/ 00 02/10 27/09 30AM 01/11 E. BAILAKT
      1,275 words
    • 1241 32 I«XPO«T VISSU VOYAGI V* MM MA AM MM UN IWT M VfSSft VOYAGI Ml 11 Ml DM UK W I IWCOtOW *****40* M »f WMI M/M IVW IVM IVM UN CONOT 0447 M4{ 17/00 17/ M 11/01 11/00 M/M 01/ M UMChtfT 0471 Ml* W/W 14/ M IVM IS/M IVW
      1,241 words
    • 422 32 na> NANTAI LINE FUUY CONTAINERISED SOVKE TO MAURITIUS SOUTH AFRICA Vissa I VOT I SI PUI Ml (FT mmifWKBS pits n/w n/w lyw mmimebi om 3)/bo m/w ivw um ■jjgl CXAGOW OBIS 07/W 17/W 22/ Of «/W Mgiwjg om iyw ago c/ii ■jgnggs ore ?</w oi/io w/io it/11 mm om
      422 words

  • Page 33 Advertisements
    • 724 33 BSA iiJ tajft MYANMA VBk FIVE STAR UNE (My«m«r Natioaal Um) W Loading for Yaagoa (Rangoon) VBSII VOY SIN PKG PEN PGU ONNSHWEHAW 7W SID MALAYSIA AGENTS: OOUSTEAD SWPPING AGENCIES KUL m 01-03-2417M0 PKL IB 05-03-17*4101 mi: m 01-04-*****01 WO: TEL 02-07-*****21/4 BANK LINE (A »«fvk» >« /u*tw W* NORTHBOUND
      724 words
    • 1133 33 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 Ksiof iu« iw ~xk' i?fc ~~jftj HY GQMIAI 307W 07/09 24/09 25/09 27/09 27/09 27/09 >0/09 HYDUU JO7W 14/09 01/10 02/10 N/10 N/IO 04/ 0 07/0 HY 3MW N/io 09/10 11/10 11/10 11/10 14/10 EASTBOUNP TO FAR EAST fvissa vor
      1,133 words
    • 546 33 FAMOUS CONTAINER LINES lIBS 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) wb MB tonat- mmJmrntmM Hum mat- tmMrnm am n i-JTt 4 SAILINGS A WEEK TO r-r t BANGKOK I J AND REGULAR SAILINGS TO C£ABANG l THAILAND \BANGKOK I L FOR BOOKING |M *****33 >.
      546 words


  • Page 35 Advertisements
    • 34 35 I To retrieve more schedules, just follow these simple steps... the port ynnr Step, Step key in the four number digit code Key in your Example: r—*—. fax number To NEW YORK (NYC) 2275
      34 words


  • Page 37 Advertisements
    • 341 37 INDONESIA NATIONAL LINE TO EUROPE I EXPRESS SEMhCONTAINEWISED SERVICE Wl VOY I TOR ADAM/ROAM HMjR6|»RENEN| ANTWERP "luTii 39 WI »M VlO OMIT 7/10 TO AUSTRALIA FULL CONTAINER SERVICE WL jWT pg" TBT m M IB a i» <ft FK moi my I «m|m mi iMi wb nm -mm MltTßfllßHWt »n|HW
      341 words
    • 1140 37 ADVANCE CONTAINER LINES (PTE) LTD A I 140 Cadi St «»H. #12-00, PIL Building. Singapore *****0 M Li Li TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL —CR NO **********06 JAKARTA (S U»W*mk PAT, 3 fcMT 2 So.llogi LCH) toW-i/*..» VESSEL VOY SM IKK SM *1 *L_ f f SNARNUSA
      1,140 words
    • 817 37 K§|®ifi|SMi VESSELS VOY 8W JED PSD LEH HAM RTM THP ANR VjLE OE NORMA N2IW 27AM 08/08 QB/08 17/08 IVOB 20/08 21/09 22*08 V-LEOCQEMfrtA H2IW 31AM MVOB 12/08 21/09 22AM 24/09 28/09 25/08 VK-LE D*ORION Y2IW 07/09 17/09 19/09 28/08 28/09 01/10 02/10 03/10 VM-LEOEVBA V2IW MW 2MB (»10 08/10
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  • Page 38 Advertisements
    • 1020 38 BANQKOK/LAIM CHABANQ JAKAWTA/PAMJAMO VOY SIN BKK LCH VESSEL VOY SIN JKT PJN BANI BHUM 60N In Pt 30/06 29/06 DEJA BHUM 710S In Pt 29/06 28/08 SRISAMUT SRS333 27/06 30/06 XETHA BHUM 213S 28/06 30/08 NANTA BHUM 367N 27/06 31/06 XETHA BHUM ***** 29/06 30/06 MATHU BHUM" 34SN 27/06 30/06
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    • 660 38 PUL INTERNATIONAL LINE ZTTZZZZnaI Mr lariMrf ta*> toito (Ha t bfte RIW Br kMM ii. <■» iMj/lwM »M III»I«I I W— «<«l hfmf mwi M—. MIOUtT* (UTC 1 551.05/WH feHlill SURABAYA 2 SIGS/WK yy I VOY *MR |MB I trs I wrr tw I oi/wTaow oi/wl DDAOON SUMATRA iOi TOl
      660 words
    • 779 38 1 ACCORD A SHIPPINO PTE LTD S±M TiL: *****56 (40 Un«t) FAX: *****46 Ntt CLUK (0J) U7lOOl J D4KSCT ACCCSS TIL *****57 (EXPORT SOOKINO) MS* MMMM (07)li]\V7 *****87 (EXPOKT DOC), *****64 (IMPORT) ffiUSG (04)*****40 URL:HTTP://WWW.ACCORD.COM.SG MAJTH (*****0 07/0 SAA/ POtT ITA SIM PORT ITA iIN POtT ITA SIN POT HA
      779 words
    • 53 38 I 0 HANGLI SHIPPING DIRECT REGULAR SERVICE JAKARTA SURABAYA JAKARTA 25/W 25/08 PJAMR 2808 29A* P MLMANTAM 0209 03/09 P SUMATBM 10/09 P. JAM SURABAYA 25/00 25/01 MANRJRVU 26 08 28/08 SHAMON EXPRESS 06/09 07/09 MANRKVU 12/09 IJ/09 SHAfMON EXPRESS Owmrs: UNITED SHIPPING ORGAMSATKM PT. INOONESU SHANNON SHIPPING CORP. TEL:
      53 words

  • Page 39 Advertisements
    • 402 39 SINO EXPRESS SHIPPING f 11 COLLYER QUAY #06-01 THE ARCADE fJSINOTRANSI J S (*****7). TEL: *****90 FAX: *****08 Vc\t"hhr TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SINGAPORE ETA HONGKONG now m m 03/09 NEW HAIHUNG 9710 05/09 10/09 ]M 3 JIN YU 9748 12/09 17/09 21/09 NORDSUND
      402 words
    • 274 39 \m, am MAfc-NELS S'PQRfe M'SIA Carrier: MN CWTH LINES, NIC [\-/V~ J OH NO* 1X)M7M00« B®U: (004) *****9 MAMLA: (632) *****61 X PENANG: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELAWG: (03) *****77 JKT: (21) *****07 MPN: (SI) *****3 PUSAN ASHPOP MV "BUNGA SURIA" V 8337 MV "ZIM
      274 words
    • 131 39 muratkjran MPT NwVßdm/AtvMOBmnAJK I STORM WIND 30AM Nan/ROrVAtw/UK I OCEAN ISLAND 08A» N»VRdnVAtw/UK I LUCKY WEALTH 2S/09 Nan/RdnVAtw/UK fl Loads E7W IndonwH I Loadma for H MuDtAS JeddafvAoabafEgyp* 1 ■cupper KAWA Duba/Baf*an/D*nmafVKuwart I ESPERANZAC Jeddah/Aqaba/Egypt/Trtpoh I ■trade BANNER HodaidatVJaddah/Aqaba/Egypt I ■RAINIER T-oadaSngg>o»»,E7W.Mday«ta. Indonesia I 1| trw ~W ■ocean FRIEND Loe
      131 words

  • Page 40 Advertisements
    • 384 40 Shipping Times ~3use\essCentre 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. srtffc Call 740-6000 Press "1" key in Document Code Key in your
      384 words
    • 337 40 TSs3SWmrnggstasLssshhi^H 9j>j 1 ||ijMil 11L^^!IJ < v t?^• Boole yoar ads early for this commemorative issue. Is Littt 740 204 Document Code 8028 I S J I H H I 1 I I M| H I I 1# I H I 1 Multi-storey wareHouse: TuoJ Avwh i 3 10,000 square
      337 words

  • Page 41 Miscellaneous
    • 124 41 LEGEND: R Thunderstorm Temperature o c A\ V Shower Weather -V Wind direction with speed m knots "<*" w Cloudy Sky Wov Surface winds are indicated by orrows which fly with the wind Ona ful circle represents catm or Ught and vonabie wvtds 1 One hoH Heche represents 5 knots
      124 words