The Business Times, 16 July 1996

Total Pages: 44
1 44 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 046^1^95 Internet: http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, JULY 16,1996 «S8
    13 words
  • 59 1 am, *****0 (-28.62) D STOW 2M&38 (-21.17) Qbt-ma ■M 108M6 (-1.46) Q MOOT MOOD: STOCK MAMET1WMCBS Monday Change Kl/SECOXP U 94.41 4.7® MKKH 21,711.42 +*J7 »OSENC MJMJ2 -IU INDEX 1.187J4 19M §rAOOMP ***** 034 I COUP *****1 +K21 WPI «yMU2 -6426 COUP 814.11 -21.12 CISA CHINA B +164
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  • 68 1 U'." mamma bates ust s$ OM 1.421 1JM 1203 W MM UK YOflOO (M 1285 W 0.4411 0*70 1.129 0.184 BART 0.039 OtOM tWMM t00_ «M3 ton HUB BATES SINGAPORE* (44 KUAUUJMPWL. 8.15 JAJUSKTK 18.00 BANGKOK 1175 MANILA 14.50 HQHOKONO 8.75 sS«Y. IZZIZIIlt" T0W0 189 SEOUL lioo ZUBCH** .4175
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  • 509 1  -  Property sources say exemptions do not mean a differential premium will automatically apply By Lilian Ang [SINGAPORE] The new development charge (DC) exemptions are unlikely to mean that developers will be slapped instead with the even higher differential premium (DP) levied by
    509 words
  • 366 1  -  From Quak Hiang Whai in Hongkong THOUSANDS of Hongkongers are crying foul over their property purchases in China, alleging that they have been swindled of more than HK$l.6 billion (***** million) in recent deals in nearby Guangdong province. The uproar reached a crescendo on
    REUTER  -  366 words
  • 327 1  -  By] Paul Leo [SINGAPORE] The Singapore dollar yesterday fell 0.28 cents to a six-month low of 551.4211 against the US dollar. Dealers said that the weakness was due to the continued selling of the local dollar for the Malaysian ringgit, a rebound in the
    JEN CHUA  -  327 words
  • 576 1  -  ffyi Conrad Raj [SINGAPORE] About two dozen angry investors claiming to be minority shareholders of Amcol Holdings went to the Stock Exchange of Singapore yesterday afternoon to voice their grievances over the company's falling share price. Most of
    ARTHUR LEE; Source: Bloomberg  -  576 words
  • Page 1 Advertisements
    • 155 1 W»WIJ llwiiMi canter-treads Prices of private property and HDB flats have been moving in tandem in the tost four years. But with exec condoe and the new anti-speculation measures, things may change, PfB Wfm this pg. Lifting wpension was preferable as it allowed those who warned tc get out to
      155 words
    • 79 1 Willi to flatten tlif competition? linos** the ;iir ivxprrss company n lio s (lone tli.it for I lie last I O years. i k \a c ■HHidcV JTtMffiTTi jUrTnWWhoftf iltTNffi r*. "T"iHf ,ni >» i ■a. nin 1« tiff jj jl IMII 11.,- jll-l l„ 11. I 111 -I I
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  • SINGAPORE AT HOME & ABROAD
    • news Roundup
      • 69 2 IN THE first half of the year, 34 workers were killed at construction sites. Twenty-one fell to their deaths—most were not provided with safe working platforms. During the period, 4? contractors were fined for not securing such platforms to the scaffold; and some were ordered to
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      • 58 2 THE five-month-old Ritz-Carlton, Millenia Singapore, was voted "Best New Hotel in the World" in Executive Travel magazine's 1996 Hotel of the Year awards. Results were baaed on a poll among 40,000 readers and AT&T's corporate clients with final placings determined by assessments by a
        58 words
      • 84 2 THE four cinemas in Shaw Towers will be renovated and are scheduled to reopen in November. United Artists Theatres, Pacific Media Group of London and Shaw Holdings of Hongkong aim to bring the level of the four halls to thoee in "our Bugis Junction
        84 words
      • 47 2 THE government has appointed J Y Pillay, who is currently Singapore's High Commissioner to the United Kingdom, as the next ambassador to Ireland. He was scheduled to present his credentials to the President of Ireland, Mary Robinson, yesterday in Dublin.
        47 words
      • 56 2 DOMINGO Siazon, Secretary for Foreign Affairs of the Philippines, will visit Singapore from July 16 to 19 at the invitation of Minister for Foreign Affairs, Professor S Jayakumar. During his visit, Mr Siazon will also call on Prime Minister Goh Chok Tong and Minister of State for
        56 words
      • 40 2 THE Nanyang Technological University's Electrical Electronic Engineering Club will be holding the third EEE Convention today at 6.30pm in the Main Lecture Theatre. Minister Without Portfolio Lim Boon Heng has been invited to address the students.
        40 words
    • 432 2  -  WithBl%setaBide for others, just 9% of 602-nnit Simei Green will be left for the public By Diana Oon HOUSING cooperative NTUC Choice Homes will reserve about 60 units of its executive condominium project, called Simei Green, for NTUC leaders and members. This works out
      432 words
    • 348 2  -  EYE OK THE ECONOMY Commerce Byi Denesh Divyanathan THE second quarter may turn out to be another slow three months for the hotel and restaurant sectors, going by the April cess figures, the latest available. After posting an average growth of 3.6 per cent in
      Source: SCMP  -  348 words
    • 493 2  -  He rejects ministry figures; BG Yeo says he is prepared to got data audited By* Chuang Peck Ming SINGAPORE Democratic Party leader Chee Soon Juan yesterday held on to his party's claim that government healthcare services are hardly subsidised, rejecting official
      493 words
    • 318 4  -  Waterbank expected to launch freehold development at prices ranging from $850 psf to $1,200 psf By] Diana Oon WATERBANK Properties, Singapore Bus Service's property development arm, will be selling condos in its freehold development No 1 King Albert
      318 words
    • 180 4 SINGAPORE Food Industries, the food subsidiary of listed STIC (Singapore Technologies Industrial Corporation), has signed an agreement with the Wuxi-Singapore Industrial Park Investment (WSIPIC) to provide meals to the workers and executives in the WuxiSingapore Industrial Park. The two parties will form
      180 words
    • 430 4  -  Company denies talk that it is catting back S'pore operations Reports by 1 Teh Hooi Ling in Wuxi SEAGATE Technology, the world's largest manufacturer of disk drives, is pumping another US$lO million (5514.2 million) into its Wuxi plant, as it celebrated its
      430 words
    • 256 4 MAINBOARD-listed Eltech Electronics has put its Ang Mo Kio factory up for sale by tender, bringing the electronics contract-manufacturer one step closer to moving its production facilities to Johor Baru in Malaysia. This is part of Eltech's rationalisation measures started last year, which included
      256 words
  • Page 2 Advertisements
    • 101 2 THE Finest Scotch Whisky 7WHD9TIM mtr -■'mm, i jRH IC kß;9r.9toc.^j M w V-kf-W^ JLF Jy| J£, mjf X^ Jl < A i mSk wWKmmmt^m i I Ki §sistf 4b HI £,fl Hlfl 3j \^v£gSfe;' I Bhmbbm ■n I Office Turnkey Design V s €^?-S^ i^a^"''s«lsßMßir Boss Design International Pte
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    • 302 2 A -fru j,i m "ilKb. fi ij|- IPTA C n Why You Should Be Concerned About Indoor Air Quality. Contaminants accumulated in old air-con ducts have been identified as one of the key factors contributing to the "Sick Solution,' Introducing Environ'S "Cz;^ 31 a d,Mase charac,erised Robotics Cleaning System Dirty
      302 words

  • Page 3 Advertisements

  • Page 4 Advertisements
    • 110 4 2 1 F floors of office space, two floors of shops restaurants minutes from the Orchard MRT station, always outside the Restricted Zone. 25 SCOTTS ROAD li/c it a r ci\ if J Prime location. Shops restaurants available from Prestigious address. 270 sq.ft. onwards. Office units available from 1,600 sq.ft.
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    • 216 4 PRIME BUNGALOW SITE AT VICTORIA PARK ROAD Ij®l X NANYAMC V/ pwschool ~J I u( aaSSI m I 2 HOLLAND R D COLD STORAGE 1 H Good Class Bungalow Area 999 years leasehold Land Area: 27,414 sq ft Elevated flat ground Full privacy and exclusivity Tender Closlpy 6 Auyift 1996
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  • Page 5 Advertisements
    • 409 5 Join the campaign to conserve water. Ik _jc H i J'j JEMB f mr I I i J B AIA BUILDING ANGLO CHINESE SCHOOL FORTUNA HOTEL Over 750 buildings in Singapore are already saving water with Daikin's revolutionary aircon system. As responsible citizens, we have to take water conservation seriously.
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  • FOCUS: PROPERTY
    • 770 6  -  THE PROPERTY CO&XJMV Prices of private property and HDB flats have been closely linked since 1902, but with exec condos and tha rocant nnH.«p«iwilaHnn thing* may fthanp By Lee Han Shih Everybody knows that the private housing market is closely linked to the market for Housing
      Source:; JEN CHUA  -  770 words
  • Page 6 Advertisements
    • 413 6 COLLECTIVE SALE CONDOMINIUM SITE AT SHELFORD ROAD 16 18 Shelford Road Site Area 59,944 sq ft I q*" 1 Pk>t Ratio 1.4; up to 4 nmM ?A s,ore v s (<r/ pin*] UlHtv Adam a-—// Prestigious residential district Ck>se P roximit y to city cSZ. U centre, PIE and <r
      413 words
    • 237 6 Prime Freehold Residential Development Site in Orchard Area Location 26, Peterson Road, //v Legal Description Lot 1288, TS 24 /ff/ Land Area 2,359 sq m AvV /VK& (Approx. 25,392 sq ft) Tenure Freehold Remarks Walking Dist to I Orchard MRT Station. r Ideal for Serviced Apartments. j/ Hlmt Tender Closing
      237 words
    • 155 6 15 LITTLE ROAD FREEHOLD BRAND NEW 8-STY WAREHOUSE BLDG Pa y a Lebar District Basement carpark Double I frontage r 15 strata titles Total Strata Area: 4,875 sq m (52,474 sq ft) Floor Loading: KB 24KN/m 2 HH k 18KN/m 2 ■■Mj Ceiling Height: PPP"® 7m/4.5m H.MDec'96 Choon Fah 320
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  • FOCUS: ASEAN ECONOMIC OUTLOOK '96
    • 1366 7  -  But most of the region's economies, except Singapore and Brunei, are expected to suffer deficits in the current account this year Yang Razali Kassim fThe writer is BT's regional analysis editor Exports will continue to lead the way for Asean as the region gallops to
      Source:  -  1,366 words
  • Page 7 Advertisements
    • 249 7 i MIS FOR m When you i 1 r T7 KO» ask tor Essence pm I Ii *#41 i I C 1 —""m* of Chicken, IM why is it always HSH BRAND'S? mm < B| One such revelation is the fact that BRAND'S is individuals through professional consultation, proven to
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  • SOUTH-EAST ASIA
    • 428 8  -  JAKARTA He denies that some ARF members want to exclude Yangon from the forum Reports by\ S N Vasuki INDONESIAN Foreign Minister Ali Alatas yesterday reiterated Asean's policy of constructive engagement towards Myanmar and said that the grouping was working "quietly" towards achieving a
      428 words
    • 140 8 THOUGH Indonesian President Suharto resumed working yesterday, speculation about his health simply refuses to go away. The first question that Foreign Minister All Alatas was asked at a press conference here was on the president's health. "He was in good spirits and obviously in
      140 words
    • 52 8 [HANOI] A woman carrying smuggled second hand Japanese video and compact disc appliances on a road in Cua bo town in the coastal province of Nghe An. About B,9oosmuggling cases have been reported by the local press since the beginning of the year, following a new anti-smuggling
      AFP  -  52 words
    • 249 8 KUALA LUMPUR KL urged to aim for larger budget surplus in coming year Bloomberg Business News THE International Monetary Fund says Malaysia needs to maintain a tight credit and fiscal policy to prevent its economy from overheating. IMF managing director
      Bloomberg Business News  -  249 words
    • 206 8 ■KUALA LUMPUR AFP MALAYSIA'S consumer prices rose 3.8 per cent year-on-year in June, slightly higher than the 3.6 per cent increase in May, the statistics department said yesterday. Month-on-month inflation, measured by the national consumer price index (CPI), rose 0.2 per cent
      AFP  -  206 words
  • Page 8 Advertisements
    • 17 8 I I Cathay Pacific Service oim July 1. Daily flights commence September I. All flights via Vancouver.
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    • 178 8 r *r*>> WW" %'7Mt I****".ju_t- i»- PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LIMITED (Incorporated in Singapore) ANNOUNCEMENT Prudential Assurance Company Singapore (Pte) Limited ('Prudential Singapore*) wishes to clarify that it is not related, associated nor connected in any way to or with the U.S incorporated companies known as Prudential Insurance Company
      178 words
    • 90 8 </> WITH A DIFFERENCE We oclualyinaQsurid our rooms q ond discovered that ours probably one of ihe most spacious youl get at SS/35natt! 16 make it an even better ofler, we compliment it villi! Amerbonßreakfast Welcome Drink Coffee/Tea making fotiftes 24 Hours in-houst video Personal Safe Swimming Pool usoge Service
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  • CHINA-HONGKONG-TAIWAN
    • 347 9 BEIJING Savings and lending rates to be cot further as long as price rises stabilise AFP Reuter CHINA'S macro-economic situation is at its best since 1993 and further interest rate cuts can be expected, central bank governor Dai Xianglong said yesterday. In
      AFP; Reuter  -  347 words
    • 159 9 BEIJING Reuter OFFICIALS in a city in China's northern Shanxi province have uncovered nearly 100 unauthorised private banks with up to 300 million yuan (Sssl million) in illegal funds, the China Business Daily said yesterday. Private banks in the province's Hejin city
      Reuter  -  159 words
    • 255 9 HONGKONG Reuter CHINA'S most senior official for Hongkong affairs extended an olive branch yesterday to the British colony's jittery civil service. Lu Ping, head of China's Hongkong and Macau Affairs Office, told Hongkong reporters in Beijing that China hoped senior civil servants would
      Reuter  -  255 words
    • SINO Brief
      • 51 9 AFP [BEIJING) The Chinese Communist Party must guard against rising problems In rural areas, Chinese president and party chief Jiang Zemin said yesterday. In a People's Daily editorial, he listed "undesirable phenomena" in agricultural regions, such as speculation in statesubsidised fertilisers and "excessive" taxation.
        AFP  -  51 words
      • 68 9 1 China to third third nuclear plant in May AFP [HONGKONG] Construction of China's third, and largest, nuclear power plant will begin next year, an official was reported as saying by the China-backed Wen Wei Po newspaper. Construction of the plant at Lin Ao, in southern China, will begin In
        AFP  -  68 words
      • 54 9 AFP [HONGKONG! The head of the Chinese army's future Hongkong garrison begins a visit here today, to prepare for the stationing of the People's Liberation Army here next year. Major General Liu Zhenwu was invited for a three-day "familiarisation" trip by Commander British Forces Maior
        AFP  -  54 words
  • Page 9 Advertisements
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      56 words
    • 283 9 "OVH £50 CEO* MDi and 6Ms ALREADY IN THE PROGRAMME!" the University of hull England 1927 BSMBA "ONE OF THE MOST ESTABLISHED IH SINGAPORE!" FIRST to offer TQM and a Systems Approach to Creative Problem Solving FIRST to offer Entrepreneurship and Project Management as core modules Completion in 21 months
      283 words

  • ASIA
    • 413 10  -  TOKYO But analysts say markets will stay uneasy abont BOTs intentions By> Anthony Rowley TOKYO financial markets yesterday largely shrugged off a weekend report by a leading Japanese daily newspaper that the Bank of Japan is planning to raise its
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    • 378 10 APEC TRADE UDdSTERS' MEBTDTO DV CWSTCHURCH Bat he rules oat any new members joining organisation before the S'pore meeting The Straits Times CHINA is expected to make some "very encouraging proposals" on some of the key issues that are now being
      The Straits Times  -  378 words
    • 312 10 CHRISTCHURCH The Straits Times THE Asia-Pacific Economic Cooperation (Apec) and World Trade Organisation (WTO) meetings this year provide an opportunity to give a clear message on the direction the multilateral trading system should take as a new millennium approaches, said New Zealand Prime
      The Straits Times  -  312 words
    • 256 10 NEW DELHI Reuter THE Delhi High Court yesterday rejected demands by a group of lawyers that former Indian prime minister P V Narasimhe Rao be arrested in connection with a cheating case. Lawyers from the independent AU-India Lawyer's Forum for Civil Liberties
      Reuter  -  256 words
  • Page 10 Advertisements
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  • THE WORLD
    • 449 11 WASHINGTON And long-term interest rates are not about to soar either, says Treasury Secretary Bloomberg Business News INFLATION and interest rates on long-term credit aren't about to soar, despite concerns of some investors in financial markets, Treasury Secretary Robert Rubin said on Saturday.
      Bloomberg Business News  -  449 words
    • 218 11 MOSCOW Last-minute move renews concerns over leader's health Reuter PRESIDENT Boris Yeltsin skipped a meeting with US Vice-President A 1 Gore yesterday in a bizarre last-minute change of plans that stunned White House officials and renewed concern over the Russian leader's health. As Mr Gore
      Reuter  -  218 words
    • 265 11 LONDON FT ACCESS to cheap labour is a rapidly decreasing priority for US manufacturing companies investing abroad, which are chiefly interested in establishing positions in large and prosperous markets with world-class production standards, a survey has found. The survey, by the
      FT  -  265 words
  • Page 11 Advertisements
    • 277 11 It's High Mech. ORIS Made in Switzerland H iiitwim Since 1904 d X m T '..5» A [I Ml i IH| Sk a si I J 3 TvS* o§ flO P"« I <^8 K cjn a WT/,) 2 2 EmZ c/) B B9N <? c t m. wi BP The
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  • EDITORIAL & OPINION
    • 756 12  -  THE BOTTOM ZJME OPINION By i Lee Boon Keng The writer is a lecturer at the Nanycuig Business School, NTU THE MARKET did not appreciate the recent unexpectedly low US unemployment figures. The belief is that the Fed will raise interest rates to keep
      756 words
    • 141 12 'Young people in Beijing want to be more Western. They don't want to be more Cantonese-' -Hußtifu* Beijing academic, on Hongkong s likely influence on China after 1997. There are global standards for participation in the global family.' -Jene Jackson US civil rights activist who arrived in
      141 words
    • 586 12 EDITORIAL MANY of the fears triggered by Singapore's new class licence scheme to regulate the Internet were perhaps only to be expected But they are quite groundless, for the Singapore Broadcasting Authority (SBA) is charged mainly with bringing the uncharted infinity of cyberspace within
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    • 1070 12 James Tobin's suggestion of a tax on foreign-exchange transactions is being revived. Bnt is it such a good idea? The Economist "It DID NOT make much of a ripple. In fact, one might say that it sank like a rock." That is the verdict of James Tobin,
      The Economist  -  1,070 words
    • 374 12 DEMOCRACY is paralysed not just because politicians are needlessly partisan. The process is broken at a deeper level, and it won't be fixed by replacing one set of elected officials with another. Citizens affected by the choices we have to make about spending and regulation simply
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  • Page 12 Miscellaneous

  • EXECUTIVE LIFESTYLE
    • 620 13  -  One director braves alien invasions and espionage to open a serious movie amid this summer's blockbusters. Bernard wedtraub reports BERNARD WEINRAUTE NYT OPENING a movie is nerve-racking enough for a director. Opening a serious movie in the middle of a summer packed with
      NYT  -  620 words
    • 519 13 FILM Scores of film crews using Switzerland in place of Kashmir Reuter [SPARENMOOS, Switzerland] A loudspeaker belts out a taped Indian love song as the white-suited hero and his sariclad love step through a damp Swiss alpine meadow, mouthing words of passion and gazing
      Reuter  -  519 words
    • 515 14  -  PEOPLE Charles seal increasing roy&l duties but what will Diana do after the droorce? By. Helen smith Reuter (LONDON] Princess Diana's doomed marriage to Prince Charles reached the divorce court yesterday, with uncertainty hanging over what future role she has managed to carve out for
      Reuter; REUTER  -  515 words
  • Page 13 Advertisements
    • 448 13 fl ■r V The Great Heineken Bar Crawl starts here hhhhhhhhhhhhhhhhh 77?e Library Bar in Norway Bimini Big Game Fishing Bar in the Bahamas Cafe America in in Amsterdam The Garden Bar in Tokyo Someplace Else in Hong Kong The Basement Jazz Bar in Sydney The Old Bank in Finland
      448 words

  • Page 14 Advertisements
    • 876 14 BUSINESS N,rices K) \I)\ I K MSI < \l I. IOI.I.-I Kl l. ISIHJ-741 IS83 > ANNOUNCEMENT INTRACO LIMITED (Incorporated in the Republic of Singapore) UNCONDITIONAL CASH OFFER FOR TELEDATA (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) The Development Bank of Singapore Ltd ("DBS Bank") is pleased to announce,
      876 words
    • 632 14 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF SEA LANE TRANS PTE LTD (INCORPORATED IN SINGAPORE) (IN MEMBERS- VOLUNTARY WINDING UP) NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held at 10 Anson Road #30-10 International Plaza
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    • 85 14 LCJNCH or DINNER I I /east AL J6U CAN! 8 Thafs over 50 delightful dishes in afi! Featuring the best talked about J seafood and Cantonese cuisine. gj Al you can eat. S Lunch: $23(Adult) $15(Child) i jg Avaitobte on Saturdays. Sunday* Pubfc Holdays jtf I Dinner: $26(Adult) $17(Child) Avalabte
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    • 77 14 SERVINGS UNLIMITED! HELP YOURSELF TO 7^ me Q004k§... S-kaa meat dumpling <b*kdmmg), mini dampling, popiah. I drrp-frtrd (firing rail. MmimmJ rim ban. MMmd mi nerd pork ahalk* cab, raul punul Hup, iwfrt red bean toup, baked praaut paatiy. met Irk. ang ka korh. huat kurk. rtc N»y m«K-h aa r«
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  • Page 14 Miscellaneous

  • Page 15 Advertisements
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  • Page 15 Miscellaneous
    • 661 15 TV&RADIO Premier* 12 11-00 Tuesday Premiere The 8.00 Berita 12. LOO PM The Winners. 1241 l r Ch ice) t*° HMI 7 L3O Money, Money, Money Selekta Klip. TUHH 2.00 How to Succeed in Rn«i In Living Color. 10.00 Mahagura. Jk^M S. 2M The Tracy UUman Show. 10JO Holiday World.
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    • 230 15 CK»PTIO CROSSWORD 1 Be determined to succeed in humble firm (4.8) IB 9 Arizona city arose from the ash« (7) 11 Money I used in trick (4) 13 Little Italian returned to city _JK__jH_jßf— phitoaophy (7) 17 Arm that guided one to the al21 Arab potentate taking a grape 24
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  • CYCLE & CARRIAGE GOLF PAGE
    • 1658 16  -  Palm Resort*s Melati course offers a testing layout says mxgkxaus d'Cruz NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review This review and further information about golfing in Asia are available on the Internet at the BT-Asian Goif Review site (http://www.asial.com. sg/bizcentrt!golf)' PALM Resort's
      1,658 words
  • Page 16 Advertisements
    • 303 16 vv 'V 4 1 v >' vv* H just 21 fling When was your first time? Was it on your been put through its paces. wedding day? Or perhaps in a parking lot when Reflections on windscreens are analysed and the glint from the three-pointed star on top of its
      303 words

  • COMPANIES & MARKETS
    • 513 17  -  Holding company's shareholders CMB, FAN will hold shares directly in CMB Asia Byi Conrad Raj [SINGAPORE] The holding company and controlling shareholder of listed packaging group CarnaudMetalbox Asia (CMB Asia) is being dissolved in a restructure of the group's shares. As
      513 words
    • 295 17 [SlNGAPOßE] Property company Wing Tai Holdings is raising $150 million through a redeemable cumulative preference share issue (RCPS). The company said it planned to use the net proceeds from the proposed issue for general working capital requirements and for future
      295 words
    • 226 17 [SINGAPORE] Singapore Airlines yesterday announced the appointment of its managing director, Cheong Choong Kong, as deputy chairman and chief executive officer, effective next month. The previous deputy chairman. Lim Chin Beng, whom Dr Cheong succeeded as managing director in 1984, retired from the board
      226 words
    • 665 17  -  HOCK LOCK SIEW Paul Leo WHAT do Datacraft, Total Access Communication, Osprey Maritime, Clipsal Industries and GP Batteries have in common? Their shares are denominated in the US dollar on the Stock Exchange of Singapore and they are among the top performers
      665 words
    • 457 17  -  Competition in aircraft maintenance business expected to intensify By\ Lu Ning [SINGAPORE] Singapore Technologies Pte Ltd (SingTech) wants to be a partner in China's aircraft production venture because of strategic considerations. The company is hoping to diversify ahead of intensifying competition in the aircraft
      457 words
    • 294 17  -  By< Abdul Hadhi [SINGAPORE] Governmentlinked Intraco has increased its stake in Sesdaq-listed Teledata from 38.8 per cent to 50.8 per cent following its general takeover offer, which closed yesterday. Intraco said yesterday that it bought 9.63 million Teledata shares under the
      294 words
    • REGIONAL COMPANIES
      • 354 18  -  Four counters in Ting Pek Khiing's stable hit year's highs with gains of 18-40% From, Ruth Wong in Kuala Lumpur INVESTORS yesterday scrambled for Bakun-related stocks Ekran, PWE Industries, Pacific Chemicals, Wembley and Granite sending four of them to their year-highs. The counters, which resumed trading yesterday,
        354 words
      • 297 18  -  By Agnes Wee [SINGAPORE] Straits Steamship Land's (SSL) hotel arm, Sedona Hotels International, is all set to open its first service apartments in Vietnam in November. To be called Sedona Suites Ho Chi Minh City, the 89 units of one and two-bedroom apartments
        297 words
      • 252 18  -  By < Conrad Raj [SINGAPORE] Bulk storage operator Dovechem Chemicals, which made its debut on the mainboard of the Stock Exchange of Singapore yesterday, saw its shares changing hands for as much as 10.5 per cent above its issue price of
        252 words
      • 167 18 (SINGAPORE) The Philippine Stock Exchange (PSE) has approved Van der Horst's acquisition of 40 per cent of Philip-pine-listed East Asia Power Resources Corp. Van der Horst said yesterday that it expected administrative procedures to be completed soon following the PSE approval. The
        167 words
      • 192 18 [SINGAPORE] An IPC Corp joint venture has struck a dead that will boost the quality of in-room entertainment and information services in New York City hotels. IPC Interactive (Pte) Ltd has agreed to supply interactive technology, services and content to Time
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      • COMPANY Briefs
        • 52 18 [SINGAPORE] Indonesia's Budl Acid Jaya has made its debut in the international syndication market raising US$36 million ($5l million) from the Asian dollar market here. OCBC Bank arranged the three-year revolving credit facility with interest at 1.15 per cent above Sibor (Singapore Interbank
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        • 30 18 (SINGAPORE) The percentage of foreign shareholdings In the capital of United Overseas Bank was 40 percent at the end of the second quarter this year.
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        • 29 18 (SINGAPORE) The percentage of foreign Interest In the capital of Overseas Union Bank was 39.97 per cent at the end of June this year.
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        • 57 18 [SINGAPORE] Roly International Holdings has established a US share grant scheme. The company yesterday said its chairman Robert Wang had given 24 Wang International employees 500,000 Roly shares that were not taken up under its initial public offer. Mr Wang bought the shares at the
          57 words
        • 67 18 [KUALA LUMPUR] Antah Holdings Bhd yesterday said it had submitted a proposal for the privatisation of an expressway but was otherwise unaware of any rumours causing the recent unusual movement in its shares. Antah was responding to a Kuala Lumpur Stock Exchange request for Information
          67 words
      • 159 18 [SINGAPORE] Homegrown retailer and distributor FJ Benjamin Holdings announced yesterday that it had received in-principle approval to list its shares on the main board of the Stock Exchange of Singapore. The lead manager of the issue is NM Rothschild Sons (Singapore) Ltd and the
        159 words
      • 325 20 It cites change in credit outlook and risks of investments in satellite pay TV AFP Bloomberg Business News [SYDNEY] International credit rating agency Standard and Poor's yesterday announced that it had revised down its ratings outlook for News Corp, saying its credit
        AFP; Bloomberg Business News; Source: Bloomberg  -  325 words
      • 368 20  -  Universal Rightfield plans to place shares privately abroad From. Al Labita m Manila A LISTED Keppel affiliate, viewed by analysts as a "giant in the making," is raising 3 billion pesos (Ssl63 million) in fresh funds to push its
        368 words
      • 370 20 Bloomberg Business News [HONGKONG] Citic Pacific Ltd. the Hongkong arm of China's leading overseas investor. will continue to make the most of its new investments in China. "Our aim is to look for quality earnings for our shareholders and right now this is
        Bloomberg Business News  -  370 words
      • COMPANY Briefs
        • 67 20 Reuter (HONGKONG) Cheung Kong (Holdings) Ltd sold HKJB billion (Ssl.7 billion) worth of residential and commercial properties in the first halfof 1966. a newspaper said Residential units in Kingswood Villas Phase Five and Laguna City, and offices in Concordia Plaza were sold,
          Reuter  -  67 words
        • 52 20 AFX-Asia [HONGKONG) Guangdong Kakm Electrical Holdings said ins preliminary prospectus that tt expects s net profit of st least 436 million yuan (5572.6 million) lbr the year to December 1986. It plans to Issus 301.35 million H-shares about 36 per cent of Its enlarged
          AFX-Asia  -  52 words
        • 97 20 AFX-Asia r AlwtT l TW ind Frrhsngii n revise stock transaction tees, effective from Sep l. A 0.1436 per cent tee will be collected from s trading account with daily traneacttane worth NTIIO million (*****,000) or lees. Transactions between NT6IO million and NTIOO million will
          AFX-Asia  -  97 words
        • 55 20 Reuter fNIW YORK) Morrill Lynch 4 Co haa been ordered to nay UStt.l million (552.9 million) to a former commodities brofcarwbo the company rtiffc—J Ym.THtWaU *aa i»/rapor»d yaalardaj. Bi uhai RochaHeAtha Malse aaM aha oouM no longer work on Wall Street because of
          Reuter  -  55 words
      • 237 20 Bloomberg Business News (SYDNEY] Commonwealth Bank of Australia Ltd instalment receipts were dragged below their issue price of AJ6 (SS6 78) during trading in a disappointing debut on the Australian Stock Exchange yesterday. The instalment receipts debuted at AJ6.08, up from their issue price
        Bloomberg Business News  -  237 words
    • INTERNATIONAL COMPANIES
      • 333 21 Deal with creditors fails to materialise; insider trading under probe Reuter Bloomberg Business News [HEPPENHEIM] German computer retailer Escom AG said its management decided to file for bankruptcy proceedings yesterday. In a brief statement, the company said its receiver had decided that it
        Reuter; Bloomberg Business News  -  333 words
      • 296 21 Concern over power Malone may hold as result of merger NYT [NEW YORK] Staff members at the Federal Trade Commission have rejected a proposal from Time Warner Inc, Turner Broadcasting System Inc and Tele-Communications Inc (TCI) in which the first two, when merged, would spin off
        NYT  -  296 words
      • 194 21 Knight-Ridder [LONDON] Millions of investors who bought shares in British Gas were "conned", a former chairman of the company says in a television interview scheduled to be broadcast last night, the UK Press Association (PA) news agency reported. It quoted Denis Rooke as saying private
        Knight-Ridder  -  194 words
      • 462 21 Reuter [LOS ANGELES] Billionaire Kirk Kerkorian has entered the bidding for Metro Goldwyn Mayer film studio, backing MGM chief executive Frank Mancuso and his management buyout team in what is believed to be a US$l.3 billion (SII.B billion) bid. Mr Kerkorian, who
        Reuter  -  462 words
      • 435 21 Energy segment's earnings show biggest improvement NYT [CERNOBBIO, Italy] Siemens AG said net profit rose 18 per cent in the first nine months of fiscal 1996, to 1.65 billion deutschemarks (SJI.S billion), led by a reorganised power transmission
        NYT  -  435 words
    • FINANCE & COMMODITIES
      • 240 22 Reuter [JAKARTA] Indonesia's first commodity futures exchange is expected to be launched after the June 1997 general election, its key initiator said yesterday, brushing aside concern over speculation and lack of liquidity. Tarmidzi Rangkuti, vicechairman of the Federation of Indonesian Vegetable Oils and Fats
        Reuter  -  240 words
      • 345 22 ING Barings will also drop USslom unfair competition lawsuit against DMG Reuter FT [FRANKFURT] Deutsche Morgan Grenfell (DMG), the investment banking arm of Germany's largest commercial bank Deutsche Bank, said yesterday it had reached agreement with Dutch rival ING Barings on poaching
        Reuter; FT  -  345 words
      • 276 22  -  Bank will finance entire sum but will spread the risk By I Siow Li Sen [SINGAPORE] Rabobank is arranging a US$l5O million (Ss2l3 million) syndicated trade finance facility, said to be the first of its kind in Singapore, for Lewis Peat (Rubber) Holdings Pte
        276 words
      • 142 22 Reuter [FRANKFURT] Germany's BHF-Bank and Credit Commercial de France (CCF) will buy a 30 per cent stake in a new Asian merchant bank called Equinox Group Holding Ltd, BHF said yesterday. The new bank would have equity capital of US$lOO million (*****.6 million),
        Reuter  -  142 words
      • 233 22 Bloomberg Business News [LONDON] A spokeswoman for HSBC Holdings pic declined to comment on a report that the London-based bank plans to acquire a mid-size US investment bank. "Until we actually made an acquisition, we wouldn't be able to comment," said Karen Ng,
        Bloomberg Business News  -  233 words
      • 239 22 AFP [NEW YORK] Sentencing of a former Daiwa Bank Ltd manager who pleaded guilty in April to fraud in the cover-up of US$l.l billion (551.56 billion) in trading losses has been delayed until Oct 4, said a spokeswoman for the US
        AFP  -  239 words
      • 214 22 SSMELReport Reuter [SINGAPORE) Simex Euroyen and Japanese government bond (JGB).futures ended sharply lower after a Japanese newspaper reported that the Bank of Japan (BOJ) might hike the official discount rate by the end of July. Denials of the report by Prime Minister Ryutaro Hashimoto
        Reuter  -  214 words
      • 159 22 Reuter AFP London THE dollar drifted near the bottom of the day's ranges but remained well within its recent trading bands. Mark strength on the European crosses, particularly against the high-yielding Italian lira and Swedish crown, also weighed on the dollar/mark. The dollar was close to testing support
        Reuter; AFP  -  159 words
      • 301 22 ENERGY REPORT Reuter [LONDON] Strong world oil markets lost some ground yesterday as traders became edgy again about the prospects for Iraqi oil exports under a United Nations aid deal. London August futures for North Sea Brent crude were 20 cents a
        Reuter  -  301 words
      • Article, Illustration
        1056 22 PiTBEBAIfK CROSS EATB8 juu& 1 ,s s zs asatz j as a .a a jJEMfce Cauda 0.917 6.095 0255 1770 LIM 5255 ***** 17.029 0J09 5.947 1222 1047 ***** 11.151 1039 1245 0920 2009 ***** 0J72 0.731 CMM 0.150 004 0.09* 040 003 0.921 4274 2.794 a133 0.97ft 0299 1X175
        1,056 words
    • 1528 23 MOOM FUTUIB8 Jul 15 iwe* e*m **1 KBtCONTMCTB csatiAt) On* VotaM OpM MmO Will Um Sttt (tw—8) hrttftft 1*7.00 187.00 07.00 1550 975 S#W 185.00 m00 186.50 100 1690 Oct* 190.00 ***** 186.00 650 3625 NwW 190.00 185.00 186.00 650 3625 IK* 190.00 ***** 186.00 650 3625 JWMar97
      1,528 words
    • 2267 23 IMMI I W£Z r MB Nata *h A. A. Corp Adr M3/4 -11/2 ASPorts 273 -5 AMty National 574 J AMed Lyons 430 -S Am* 86.460 -3.540 ArgyB 346 AsdoGroup n7 -t400 •AT Ind 4641/2 5 V2 6ICC 316 4 BOC Group 941 4 BR Wwlw 592
      2,267 words
    • 1588 23 Reuter Q Nikkei 225 *MJ7 STOCKS ended mixed in very thin volume as sentiment was hurt by Wall Street's decline last week and a weekend media report that said Japan's official discount rate might be raised. The 225-share Nikkei Average gained 96.97 points at 21,753.42. The Topix Index fell
      Reuter  -  1,588 words
    • Article, Illustration
      1673 24 Reuter Q Hang Seng -155 SHARE prices closed marginally lower yesterday after cautious trade in the afternoon session with investors wary about the uncertain interest rate trend, dealers said. The Hang Seng Index fell 2.55 points to 10,800.13. Turnover was HK$4.5l billion. A dealer said mainland capital was seeking
      Reuter  -  1,673 words
    • Article, Illustration
      573 24 Reuter Q Shanghai B Share Index -0 JO SHANGHAI'S B Share Index ended down due to the ex-rights day of Shanghai Lujiazui Finance and Trade which has a heavy weighting on the index, but trade was slow indicating the loss was not solid. The index shed 0.30 point to
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  573 words
    • 353 24 AFP □wpm« -stat SHARE prices finished lower as foreign institutions sold stocks. "Market confidence was depressed by foreign institutions' continuing sell-ofTs of shares," said a trader. The Weighted Price Index fell 54.36 points to 6,062.52. Turnover was 1.06 billion shares worth NT536.16 billion. Falling stocks outnumbered those rising 240
      AFP  -  353 words
    • 262 24 Reuter Q Wellington jj STOCKS meandered to a lower close as profit-taking set in among some of the leaders. The top-40 index fell 9.51 to 2,090.02. Volume was boosted by the sale of 34 million Wang shares at NZ52.44. Reuter jk$ *f- rtm ANZfenkin* tn «ti 7096 lU rnti
      Reuter  -  262 words
    • Article, Illustration
      826 24 AFP □set latex -1100 SHARES prices fell 1.6 per cent in light trading on the back of New York losses, concerns over US interest rates and domestic political uncertainty, analysts said. The SET Index fell 19.00 points to 1,187.94. Turnover was 44.5 million shares worth 3.5 billion baht. Falls
      AFP  -  826 words
    • 397 24 AFP □(fcoportehte -2LH SHARE prices slumped 2.5 per cent as investors dumped their holdings fearing further falls with new offerings scheduled later this month. The Composite Price Index closed down 21.19 points at 814.11. Turnover was 20.7 million shares worth 380.3 billion won. Falls beat rises 770 to 97.
      AFP  -  397 words
    • 576 24 AFP QiSOrtii&rM -IX4 HEAVY selling of resource stocks helped push share prices down yesterday. The All Ordinaries Index closed 12.4 points lower at 2,147.1, while the All Resources lost 14.7 to 1,313.9. Turnover was 197.5 million shares worth A 5590.2 million. Market leader BHP lost 20 cents to ASSI6.SO,
      AFP  -  576 words
    • Article, Illustration
      778 24 AFP Q Composite Index -QJ4 SHARE prices closed 0.2 per cent lower yesterday in thin trading, with most foreign investors sidelined. "I think it will be a while until foreign funds make a comeback here. There is no real reason for them to come in here in a big
      AFP  -  778 words
    • 358 24 AFP Q Manila ♦3&21 SHARE prices rose yesterday as bargain hunters entered the bourse. An analyst said stocks were being snapped as "they are at bargain prices" after a week of falling. The PSE Composite Index rose 35.21 points to 3,248.31. Turnover was 6.8 billion shares worth 2.9 billion
      AFP  -  358 words
    • KUALA LUMPUR STOCK MARKET
      • 7101 25 Bioomberg Business Ntws Q Compost* Index -3.76 STOCKS fell with Genting Bhd, which hit its lowest point in a year amid concern over its profit outlook. The benchmark KLSE Composite Index fell 3.76 points to 1,134.41. The Emas Index dropped 1.16 to 328.06. Turnover was
        Bioomberg Business Ntws  -  7,101 words
    • WARRANTS & OPTIONS
      • 3409 26  -  WARRANT WATCH By\ R Sivanithy THERE are quite a few nil-paid rights to warrants currently trading on the KLSE, and they will all be reviewed in this column in the days ahead. The first are the warrant rights offered by construction firm
        3,409 words
    • 2354 26 MALAYSIAN STOCKS Or Or I** Last VI Day Lot Owrtt Mv Otv YM Nat M Cap «q* Law Staa Caaipawy Sala POOP) High Law Bwyar laPar Or Pft »w« 425 3*4 s 5000 AISBSOc 400 K -M 19 4M 400 3M «00 5.0 49 0.4 82.4 4BJ n
      2,354 words
    • STOCK EXCHANGE OF SINGAPORE
      • 992 27 TURNOVER COOO) VALUE (*000) gfi Cm* Ttl tUX CH* T»tol 28.855 19.9*6 48,601 87.009 43.828 02.837 4.099 3,104 7,203 42.884 4.t10 48.083 1.098 250 1.348 3.188 438 3,825 4.834 7.071 11.908 28.018 8.680 38,675 582 582 1,482 1482 MMM 147 167 468 468 •J-* 3.005 9.883 12.888 8873 11.437 *****
        992 words
      • 4562 27 Last Vei Day Last Ouete Mr Mv ni KM Cap A»g Hl» U» 8tH» ClM>iny Mt fOOOt High Lew Buyer Safer CV P/E $m« Price MOUSTMALS 5146 ASE NTS10 200 OS- 214 '65 1258 Acer 50c US183 100 182 5.0N 7.5 LO 11.4 302.9 15 4.5 AcerR US9
        4,562 words
      • 870 27 19< Urt Va6 Day LoalOuata (N» D* TO Not Ca t" H" WW* c—p—f Ml rOOO) H*i Lm Ktw Mm CV P/t idMa mm IS ?22? iSTStSc 11* 3 J 2 29 -229 1.0 14 2 0.1 142.5 1014 22* 234 ns 2001 Atlamatrli 50c 119-1 9 120 119
        870 words
      • Article, Illustration
        72 28  -  ay) Lee KEPPEL Corporation may be oversold but U is still not a buy. Yesterday 's 40<entfall to $11.00 may have pushed daily Relative Strength Index into oversold territory but Average Directional Movement Index is still pointing to further weakness. Yesterday's volume was 902,000 units. 30 per cent
        72 words
      • 896 28  -  STOCK MARKET COMMENTARY Sadden late drop means there could be a rebound today, says broker; M'sian shares fell in tandem towards the close By R Sivanithy [SINGAPORE] Plagued by worries of rising US interest rates and expectations of unspectacular earnings
        896 words
      • ON THE GRAPEVINE
        • 119 28 IT LOOKS like Singapore Telecom's second offer of shares will be an almost purely Temasek Holdings affair, with little of the PR fanfare that accompanied its IPO in 1993. Even though the second tranche of shares is widely expected to be released in six to eight weeks'
          119 words
        • 99 28 A BRIEFING scheduled for investment analysts by Sembawang Corp did not take place yesterday, according to stock market sources. It was to have been the third in a series but after reports that share prices moved after the first two briefings, Sembawang was said to have been
          99 words
        • 151 28 ONE of the Internet sites to be hit by new licensing and registration rules introduced by the Singapore Broadcasting Authority is the Singapore Internet Community or SlnterCom. Soon after the SBA announcement, we checked out what material there might be on the site which might possibly
          151 words
        • 90 28 HSBC Investment Bank Asia has reshuffled some of its honchos. It appointed Harry Naysmith, formerly president-director of PT HSBC Securities Indonesia, as head of corporate finance and equity capital markets in Singapore, from July 1. He has responsibility for Singapore, Indonesia and Malaysia, and reports to
          90 words
  • Page 17 Advertisements
    • 94 17 Fest food. Clam bakes from New England, barbecues from Texas, fiery chilli cooking from tbe old Soutb-West and a salmon run from Seattle, if you tbougbt America only meant fast food, call 831 7250 and discover wbat Seasons is bringing to tbe Singapore Food Festival. You'll take away a whole
      94 words

  • Page 18 Advertisements
    • 250 18 J m James Champy -I lli-J Senior Executive Interchange Series, Singapore, 1996. Brought to you by: Unfinished CYCLE CARRIAGE Tuesday. July 23 Singapore. Shangri-La FVT .T TTT TV! Tames Champy, a founder of CSC Index and yJLJU 1 IUH I chairman of CSC's Consulting Group L-F pioneered the development and
      250 words
    • 315 18 NEW CREATION NEW TASTE: NEW SET LUNCH MENUS Roast chicken with blackpepper sauce, I Chicken with honey mustard sauce, (tit|f| Fish fillet with butter caper sauce, Pork chop with apple mayonnaise sauce and many more. *7to>6(t, it'll make more enjoyable at Jack's Place. VALUE ADDED and 18th Jul y 1996,
      315 words


  • Page 20 Advertisements
    • 286 20 *1 "I've tried Just-in-Time H delivery, Total Quality Management, H 1 Re-engineering. Even H| reng onui. So what's this h m new thing you're calling Network Computing? i Something magical is happening to our available around the clock and around the world. When the employees, so they can work together
      286 words

  • Page 21 Advertisements
    • 295 21 Before handling your S| investments, HP our fund managers first test the waters. K managing Ssl.2 billion of customer assets in Singapore. We're a wholly-owned subsidiary of Aberdeen Trust PLC, a < London Stock Exchange-listed fund manager with over 555.5 billion worldwide, H and a history and heritage which dates
      295 words

  • Page 22 Advertisements
    • 326 22 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      326 words


  • Page 24 Advertisements
    • 35 24 The Art of Chtase Hardwood Furniture Exclusively from: Hua Shi Fine Art Gallery Showroom 1 608 Martin Road #05-04, Singapore *****7 Tel: *****92 *****45 Showroom 2 276 River Valley Road, Singapore *****7 Tel: *****71 *****23
      35 words


  • Page 26 Advertisements
    • 72 26 M liAC^V^ H I l|vS||TQ H I Company anniversaries. Official openings. Corporate achievements. Topping-up ceremonies. And other special events. They are a cause for celebration. Use them to increase your company profile by taking out a Special Feature in our group of newspapers. Talk to us! We'll be pleased to
      72 words

  • Page 27 Advertisements
    • 2 27 V aLaIIFTT.
      2 words
    • 133 27 lb: SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period □12 month. □•month. Q 3 month. atS$4OJO at 5540.00 at S$
      133 words

  • Page 28 Advertisements
    • 135 28 BUSINESS This announcement appears as a matter of record only M PT BUDI ACID JAYA U5536,000,000 SYNDICATED REVOLVING CREDIT FACILITY Arranger Lead Manager Oversea-Chines© Banking Corporation Limited Co-Arrangers Senior Managers Banque Nationale de Paris, Singapore Branch PT Sanwa Indonesia Bank Senior Managers AFC Merchant Bank Arab Banking Corporation (8.5.C.), Singapore
      135 words
    • 346 28 NOTICE NOTICE IS HEREBY GIVEN that, I CHUA AH LAR of Blk 34 #02-150 Upper Cross Street Singapore *****4, have applied for a First Class Liquor Licence in respect of M/s Castaneda Lounge Niteclub Pte Ltd located at #02-09/11 Riverside Point 30 Merchant Road Singapore 0105, and that this application
      346 words
    • 419 28 Singapore Closing Share Prices 15/07/1996 CLOSE PREV LOW HIGH till## us s uss uss uss \HIF# Jardine Mathoson 6.80 6.95 6.80 6.00 fHDQOQMI Jardine Strategic 3.14 3.14 3.14 3.14 A Dairy Farm 83 0 -855 0.83 0.84 Hongkong Land 2.27 2.24 2.24 2.27 ■VIPTPfM Mandarin Oriental 1.44 1.40 1.42 1.44
      419 words
    • 300 28 THE COMPANIES ACT, CAP. SO XIN 01 DEVELOPMENT PTE LTD (In Liquidation) At a general meeting of XIN 01 DEVELOPMENT PTE LTD duly convened and held on the 12tti day of July, 1996 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to
      300 words
    • 334 28 m THE MATTER OF THE COMPANIES ACT, CHAPTER 80 AND IN THE MATTER Of JAMES H. TREVOR (SINGAPORE) PTE LTD (M LIQUIDATION) Extract of the Minute* of an Extraordinary General M—ting of tha Company held on the Bth day of July, 1996:•SPECIAL RESOumn*That tha Company ba wound up voluntarily purauant
      334 words

  • SHIPPING TIMES
    • 308 29 Knight-Ridder Reuter TRADING on the freight market ended the week as it started, with little activity, and rates for the concluded business that did emerge showing little Signs of improvement, brokers said. Although the general feeling is that rates will flhprove for Panamaxes, this is not obvious at
      Knight-Ridder; Reuter  -  308 words
    • 275 29 g an attribution 1.41 -0.04 u Ckuan Hup MoWlwqi. 1.04 -0.01 101 Caacolnvostmant _U8 -0.02 M (as 7.40 -Olio ISO ftMMLMu 0.73 MHMkfi 107 *0.01 2 Mai Sun Hup 104 uncti 93 MUcN Zh«i 0.92S 0.005 20 MC MaMngs HKS.60 Jay* Holdings 120 -0.02 76 Jurono Shipyard —6.75
      275 words
    • 350 29  -  Port expected to handle 31m TEUs in 2006 and nearly 40m by 2016 By] Rahita Elias [SINGAPORE] Hongkong will need a new four-berth container terminal every two years for the next 20 years to handle projected demand. Benjamin Wong, a member
      350 words
    • 175 29 [HONGKONG] Hongkong's Secretary for Education and Manpower Joseph Wong has assured shipowners in the colony that no decision had been made to close down the Seamen's Training Centre, and they would be involved in any discussion on the issue. As unhappiness grew over
      175 words
    • 268 29 Campaign to promote M'sianport appears successful MBT [KUALA LUMPUR] The campaign to persuade mainline and feeder operators to call at Port Klang appears to have borne fruit, with containerised traffic shooting up 22.82 per cent to 642,531 TEUs (20-ft equivalent units)
      MBT  -  268 words
    • 145 29 Reuter [FRANKFURT] Giant Swiss freight forwarder Kuehne Nagel (K&N) said said poor airport infrastructure in China will force it to operate part of a planned new service by sea. Wolf-Dietrich von Helldorff, air cargo director Germany for the global forwarder, said the unsatisfactory
      Reuter  -  145 words
    • PORT Shots
      • 82 29 Reuter [TOKYO] Sumitomo Heavy Industries Ltd has consigned construction of a very large crude carrier (VLCC) for Mobil Corp to Ishikawajima-Harima Heavy Industries Co Ltd (IHI). Sumitomo signed a contract last month with Mobil Shipping and Transportation Co to build two 280,000 deadweight tonne
        Reuter  -  82 words
      • 71 29 AFP [SEOUL] Workers at South Korea's largest shipyard, Hyundai Heavy Industries (HHI), went on a two-hour strike yesterday for higher wages, compounding the malaise in the country's shipbuilding industry. The move by HHl's 21,500 unionists at the southern Ulsan factory followed a strike resolution taken
        AFP  -  71 words
      • 87 29 Reuter [MANILA! The Philippines' International Container Terminal Services Inc (ICTSI) has signed an agreement with Jardine Davies Inc to form a joint venture for handling, storing and distribution of finished goods. "The joint venture will provide modern logistics and supply chain management expertise... for
        Reuter  -  87 words
      • 50 29 [LONDON] Following its take-over of UK conglomerate Trafalgar House, Norway's Kvaerner group is moving most of its core business units and support functions to its new London operational headquarters. Kvaerner says its six core businesses are shipbuilding, process, construction, oil and gas, metals and pulping.
        50 words
    • 223 29 Knight-Ridder [TAIPEI) Taiwan government agencies are hoping for an end to the current impasse with China over ship-flagging regulations, so that Taiwan-Hong-kong shipping can continue after Hongkong's 1997 handover to China. The crux of the issue is that neither Beijing nor Taipei
      Knight-Ridder  -  223 words
    • 869 30  -  SHIPPING IN INDIA: STILL STUMBLING ALONG New ministerial faces fail to boost faith in the industry that authorities can improve efficiency at Indian ports, where slow turnaround of ships and berthing delays plague shippers By: Shyam Menon Business Line CAUGHT between promises of yesteryear (when the
      Business Line  -  869 words
    • 271 30 INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS PAGE Ewrfrvoti i AO. EvfrpriBW 13 ANl 3 Famous Abtt 13 f*«*rtr«w 7 Accort 12 Tl *m AhrenkM 4 'ooagSw 12 AppmHap 4 fn <2 Astro 3 Ivrto Austral 11 G Link S Avant 6 <**«rtr«W 13 ISA 7 Cms** MummIQ 13 Gk****
      271 words
    • 15334 36 EXPORT wv*wy*^l>* t m-/U A IV, A^»A. ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser vessei Voyage Telephone SiN tn N n Number Number SIN Oest'n Nmi Name Number Number A N/07 24/07 Shreyas ORIENT MUMBAI 100 (5-*****T2 20/07 27/07 Xour XOUR GEMINI 421 65
      15,334 words
    • SHIPS IN PORT
      • 2103 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Doofclwq/Pilmtt Rstls Sfctp Voy No Etb/Btr Parted From To From to J** 2990 M/1300 14 8/800 8/M59 8/1900 toM 299C M/2000 M is/HOO MM 8/MW 3 WO roc M/189 M/MOO 4 M/1200 M/W59 M/1700 to Mm 6625 17/OW u a/soo
        2,103 words
      • 615 43 iniM Vay Wo BtrtD Arrival DtMrtwrt jmM JU SIMM OV* JK mtym 17 07/2300 *m>« Honow 0*/* jo* M0*9SKt* V 07/2)00 MM Mjk H297 J02 minUl *07/2330 My« ****** J0I llHgUl 8.07/800 km Htui 12 JOS llimlll 8.07/0900 7/* JOI llM|lWl B.07/1400 M ««W 12/* JOI Mtsa* 15.07/0500
        615 words
      • 291 43 JULY 17 South Korea: Constitution Day. JULY 18 Nicaragua: Revolution Day. JULY 30 Colombia: National Independence. JULY 22 Belgium: Belgian National Day. JULY 23 Egypt. Revolution Day. JULY 24 Venezuela Birth of Simon Bolivar. JULY 38 Costa Rica. Guanacaste Day. Ecuador: Guayaquil Foundation Day (Guayaquil only). Israel: Ninth
        291 words
      • 870 43 THIS report, compiled 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 average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        870 words
    • AIR & LAND TRANSPORT NEWS
      • 263 44 130-seatjettoroll out in 2004 to cope with competition Reuter {JAKARTA] Indonesia's first jetliner, the N-2130, will enter the market two years ahead of schedule to cope with stiffer competition in the aircraft industry, a spokesman for the aircraft maker said yesterday. The
        Reuter  -  263 words
      • 378 44 European Commission to abolish tax-free sales from Jane 30,1999 Reuter [BRUSSELS) European Union airports, defending sales valued at 4.85 billion European currency units (SsB.2 billion), have pressed EU states to go back on their decision to abolish duty-free shops by mid--1999. But the
        Reuter  -  378 words
      • 184 44 AFP [WASHINGTON] New radar systems that warn of dangerous winds at some US airports fail frequently, leaving air traffic controllers without an important safety device, The Washington Post reported on Sunday. Frequent glitches have been discovered in the sophisticated systems made to
        AFP  -  184 words
      • 215 44 Bloomberg Business News [TOULOUSE, France] Airbus Industrie, the European planemaking consortium, said it received firm orders for 45 aircraft and options on an additional 45 planes from GE Capital, the leasing unit of General Electric. GE Capital placed firm orders for 40 single-aisle
        Bloomberg Business News  -  215 words
      • LOG Book
        • 84 44 Bloomberg Business News [WOLFSBURG, Germany] Volkswagen AG yesterday said It Is recalling 350,000 Golf and Vento models worldwide to repair a defect in the electrical wiring of rear power windows. The problem, which will be corrected free of charge, could cause the windows to
          Bloomberg Business News  -  84 words
        • 64 44 AFX-ASIA [MANILA] Air Philippines Corp is negotiating with United Airlines and Far Eastern Airlines for possible Joint venture arrangements, the Business Daily quoted Air Philippines majority shareholder Willian Gatchalian as saying. Mr Gatchalian said Air Pnilippines is planning to sell a 40 per cent stake
          AFX-ASIA  -  64 words
        • 74 44 Reuter [SEOUL] South Korean conglomerate Daewoo Group denied yesterday a British newspaper report that it plans to make cars in Britain. "We plan to set up a research centre there, but don't have any plan to make cars," said a Daewoo Group spokesman.
          Reuter  -  74 words
        • 38 44 AFP [PARIS] The union representing flight attendants with state-owned Air France has called for a strike tomorrow. Air France said that its flights would run normally on the day of action. —AFP
          AFP  -  38 words
      • 209 44 AFX-Asia [TAIPEI] Taiwan's aerospace industry is expected to grow six-fold in value over the next decade, to an estimated NTII6O billion (SsB.2 billion) by 2006. The cabinet has approved a blueprint to develop its aerospace industry in the next 10 years
        AFX-Asia  -  209 words
      • 1369 44 OTY FLIGHT ETA ftJCHT ETD LM778 »05 IH779 2359 AfcaMMH CA974 2335 WS 1 AMaMa S0230 1830 0F82 2055 F*—fca SOW TTOO S0990 0105 (Wl IMP 1 6m*M SWT 2320 Amsterdam GA897 1045 GA892 0030 ftwwilwWC CZ354 0925 KL837 1445 KL844 0040 Hanoi VM745 1300 YK744
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      • 162 44 Reuter [NEW DELHI] Indian Railways will have to seek a fare increase and more private sector fundings to finance new projects as the government tries to cut back expenditure in its 1996/97 budget, industry analysts said on Sunday. India's Railways Minister Ram Vilas Pas
        Reuter  -  162 words
  • Page 29 Advertisements
    • 13 29 India's shipping sector a wash in cynicism Industry still stumbling along. Page 2
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    • 303 29 European airports appeal to keep doty-free shops Tax-free sales to be abolished from mid-1999. BackPage BULLETIN BOARD TT Club's latest directors The TT Club has added new directors to its board. They r are Robert Cooper, chief executive of Ports of Auckland Ltd and president of the International Association of
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  • Page 30 Advertisements
    • 555 30 WtaAPOHtCAUrOnwWBOHBtpWtCTWIOMWtSTCOAaiI I ■BB——l BKI 1 VBSB vot lonlw. I a> uI a. |'m a. 1 M/ KMWIUI m «/u iw i»*> tyw n/v n m mw u/w H/ n „/v u/w nm m "/v ,W a/ w ,v« HOWOKOMGEIfttSS WW H/07 15/07 M/ 07 30/07 14/00 ASIA EAST COAST EXPRESS
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    • 700 30 <* ol Members*** \WgjW/ AewedAed Shipping Agents. Stngapore Freight Forwarders Sfrore N—ewd Shyp»ng Aeeoc Aaeooaion. CALL US... ANYWHERE. ANYTIME. In the demanding wortd of marine With a woridmnde supply network of lubncafaon, the efficient servicing of more than 550 ports in over 70 customers've well remans one of the cou*ies,CasN
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  • Page 31 Advertisements
    • 1126 31 PftORC SOUTH WIST EXFtBS (WRECT) wr m lamn |s»n» lug I m I w I wc 1 a I wou I wm I g* 1 mm |w/w w/ty 11/07 114/07 nm 31/17 i\/v oi/oo n/n I i\m 1 ai/v I nm I mm I mm I ts/v I u/v I
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    • 1634 31 0 HANJIN SHIPPING I USA ta,lM /VOT mI» I m m wr |<w mt w m|w> ros ntc om |tw |ml«| m tm HTHfIMWi U/17 "IM7 I M/M 11/ M 11/ M 11/ M 11/ M U/M 12/ M 14/ M 12/ M U/M 14/ M U/M 14/ M U/M
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    • 146 31 I /SK¥ ORIENT EXPRESS LINES (U.K.) LIMITED lllltj, (MANAGER FORSHREYAS SHIPPING LIMITED) J WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VOY ailtfOM KMttAY VKSa VOY KMMAY SW6AWHK Orient Mumboi 100 18/07 26/07 Onri Mumboi 100 26/07 H/08 Lomphun Novo 200 28/07 05/06 Lomphun Novo 200 05/08 18/08 300 04/08 12/08 Elizo 300 12/08
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  • Page 32 Advertisements
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    • 1299 32 I NORASIA I VESSEL VOV SSI OOA LAS BCL VAL ALO ROT ANT PEL LMA MORSWA SS27-3 IM7 MM BBM MSI 11M IMI MM MM MM 11M normmja mm-3 um mm ism um mm mm mm ism mm ism NORSK. SSM4 Jim IIM 21M lIM ISM Z7M 22M 2MB 2MB
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    • 314 32 Direct Container Serviceto H Fangcheng 1 3 Zhanjiang Vessel S'pore Fangcheng Zhanjiang LIANBAO 21/07 26/07 21/07 /VOfITRANS- MMli PtupuM ROAO Cvritr Accepting: W/RO, Ramp Capacity opto 40 taas Haavy Lift apta 65.5 torn Cmvmtmml/tnd M /Coat*m/Ruhn Cmtmrn IhaiFhgStatas via MjU> iww samp ii-a/o; ANibpraas VJ7A 21-U/I7 IfrW/07 W-M/07 01-04/06 niii
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  • Page 33 Advertisements
    • 1078 33 fifit fiV 10 Ho« Chiang Road #11-01 K«pp«l Towers Singapore 0208 Tol: *****88 Fax: *****17 WS§ VOT »I W* I B Ivissa VQT fsMOAFOM KUCHWG smmHOft VHin io/o; a/py a/o; oMumm-n vhhia a/07 ?4/o; smmsm vhiti m/ 07 w/o; »/07 ouumjw w-n vhi«a w/o; 31/07 smmHon voom »/o; <n/oo oa/oo
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    • 1037 33 POtT TO PO*T SAJUNG'S: TTM Jlf I iWTT* Kit QMrumwmmuMmMniiHmmummmwMum tt BO ||A|. Ml iMinnrnifl VIiBIWMIIinMMIiIIMIIMIM #9 IW iMi W9 nUMVMMUIi IJOTM% VMMW PMIIMHMy vW AOTMW MANS SBUMBON VIA IffHßlQMLggggj^ I am,n/vmmm mm/m** rll «]wmi/sm mmomct v«r**t I COSTAM SHIPPING PTE LTV ma* ccs* r ii ii «wmi a— wmmint
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    • 364 33 fIdHiELJLJLJL _1 mm M B 1 M M B M M MI 9C MS II IM Jjg._U4L.llg JL JML _ML Jiff. JSfIL JJg_ JM£ 1 IIM JiOLMLm. illW SAL _ILSL JUJL J&3L JBAL _&S. J^j| —Mirs/w \w mv r?v M M M M M M M Mil mam/mm _ag._3g.jig JML
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  • Page 34 Advertisements
    • 1264 34 EUROPf/UK/SCAHOIHAVIA/FIHtAHD/RUSSIA 86P ROM ANW HS6 Tttf> LHV LHV TOP RDM ANW H8« PKL SAP IS£SSJE£L *W7 «/B 14/1 1W 12/1 IVI E GRAND RE467 2M 1M 21* 12J% IV7 17/7 ggy£J£f» JM 21/t 17« 1M 21/1 E GENTLE RE-4CI 2M 2M 2VB 27* 2M 22/7 1 2KLYSSi E. GARDEN RE-M4
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    • 946 34 VTSStt VOTAM Ml Ml DM MH IWT Ui VTSStt VOTAM MB IN MM MM Stf UNOtOWN *****3* l|« IM/ W JW 31 /07 31/07 31/ V UN COtOM *****30E 07/17 01*7 M/V WD7 7WM I UNCOHOBT 0413-OZ7W tt/07 04/01 05/01 04/ M 07/T* 07/W 07AM |UN CHUT 0410-03 IE )4/07
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    • 624 34 SNCHFKLDMAMNIAaBICn (S) PTC LTD TEL. *****33 (12 UNES) FAX: *****16/*****03 7 TELEX: R6 ***** RMMP (3 Unaa) CRNO: **********0E mm* m\ ETHIOPIAN SMPPM LMES f (NatfoaallJNciaf Edriopia) ACCEPTING FCL AND CONVENTIONAL Vmml toy ITA IlimW^rn ami Andbwt 44W8 21/07 *i lr I *T?- Ogxx/e Abyot 40WB Ml OJbotW Amo, Mmmm
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  • Page 35 Advertisements
    • 586 35 mm MYANMA iflUk FIVE STAR LINE 4 (Myamar National lino) loodioj for Yang oh (Rangoon) *0T SIN PIG PEN PGU N*o« 13TW MPT MTOMATWA I WW M PT MMAVSIA ACOm: OOUSTUD SHIPPING AGOKKS «UL Ttt 02-03-*****00 Pitt: IU 01-03-*****01 Klfc TE 02-04-2****** PGD: TH 02-07-*****21/4 M BANK LINE (A Hfvkt
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    • 874 35 A HYUNDAI! II A^ERCHANTMARINE CO. UP. 11 WESTBOUND TO EUROPE BKG: *****61 I I I W wnayvoT m |SMI ra Vun uZ 22 «Z ioii-hvir M/oo n/oo n/ W iT/S iT/oo 2/M L/ 2 J 14/04 14/00 14/40 10/40 j 31/07 02/07 03/07 HI COMMANDO JMW I 05/00 23/00 25/00
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    • 439 35 (f& FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) 1 CHINA JHH| i |T HONGKONG KAOHSIUNok 1 /g FOR ENQUERIES BOOKING /fig CALL OUR HOTLINE AT 224 1833 SUZA ALVIN I P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU
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  • Page 37 Advertisements
    • 36 37 To retrieve more schedules, just follow these simple steps... the port Step key in the four number m digit code Key in your Exampte: n-L, fax number To HAMBURG (HAM) 2150 for calls within Singapore OeiTTlSny
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  • Page 39 Advertisements
    • 524 39 Tropical 10. m MAERSK MAERSK ASIA NASA 9630 0C1AV***** Port Country 22/07 29/07 Balm City Belize 25/08 01/09 Bridgetown Borbodos 28/08 04/09 Cartagena Colombia 27/08 03/09 Castries S» Lucia 27/08 03/09 Fort de France Martinique 28/08 04/09 Xreeport Bahamos 23/08 30/08 Kingston Jamaica 25/08 01/09 Pointe a Pitre GuacWoope 28/08
      524 words
    • 1301 39 ADVANCE CONTAINER LINES (PTE) LTD AP I 140 CacM Strsat, #12-00, PIL Bulking, Singapore *****0 M TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E BANGKOK JAKARTA l» PAT ii*p *mr. tsrnm LCH) Ulll^an^l AUTII HtfITIByiiOT Vfssa VOT SM SKKSJN VBSR VOY SM *TSM SttSAMUT *****7 17/07 Whd
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    • 853 39 **********0Z vessels vpy am damtn» le hw*<e hamburq thamfsport rqttppam ~~1 VHEOELYRA Yim» IVO7 28/07 OMB 07/08 OMB I*oB 1308 I VU-EOEVELA VI 23*07 04/06 IVOB 1406 18/08 17AM UXOB T VU_E DCCAPELLA TIBW 3007 11AS 2008 21/08 23/08 24/08 28*08 *f V«J_f DELJBRA LHW WOB 27/08 MOB 3M( 31*8
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  • Page 40 Advertisements
    • 977 40 I I nnu MHL^£nft.^nnHSß^sSiHi^SnKBHS^^UlKa^^Hßi *slWBc3wflßSWH|^»| allßßagltM&!>MlMKsßagW«M^»digWWlMs^ f^f^v.&- .-■>. H I MAIDEN VOYAGE INTRA BHUM V.3BN ARRIVING SINGAPORE ON 22ND JUL 1996 TO SIHANOUKVIIIE AND PHNOM PENH I il A ACCORD SHIPPING PTE LTD j Main: 225 5556 (40 Lines) Booking: 225 5557 Doe: 225 8887 Import: 323 2464 [j [*a«r
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    • 775 40 11 pujrrow win, imotfow ow»fs^^^^^gMssyf!oooo!^^^| POmtKUkm% "T 11 NNANf I rwi MM T~«S |v*a*M. Ivt I 11 1 MM 1 AUUMD MM HMD 17/07 TNU |l»/07BLUCX I ami lnn l ii/mIM 1 i«/«r 1 MAUNK 44« M W hwlßuv 1 g«A ST I I aula* m\ —m~~ w rateihtAV ISI*
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  • Page 41 Advertisements
    • 668 41 f SINO IXPRISS SHIPPING (PTE} LTD. V MM I 11 COLLYER QUAY §06-01 THE ARCADE SINGAPORE *****7. J TEL: *****00 (4 LINES) FAX; *****08 TLX: R*****1 SINOEX SINOTRAIH SHANGHAI (CONTAINER SERVICE) Also occeptinq contoiner cargo to: VESSEiyVOY ETA SIN ETA HKG ETA SUA W/T HKG: Beii'MQ. fluwqn. JIN YU 9607/9608
      668 words
    • 706 41 &A| MN CONTAINER LINES, INC PrTflS *aMrtKMAC-mSNK:Xtatm(24UNES)«iMNQ:((»)« M 3) bN/vj zxgsss: ssszssu* sssssss KKB<Wa:(MH—TT HHPtIMUMM MmttW— 20TH ANNIVERSARY OFFER:SIN/LAEMCHABANG LALAZAR' V9lB ETA SIN 20/7/96 0/FRT US$35/m. 3 cau. me wit i aaoaoaa ASIA EUROPE EXPRESS (AiX) WESTBOUND SERVICE VESSR VW SjN RTM ANT L£H HAM FH. IHY BARON 301W 22
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    • 376 41 itoKl WENDER CONTAINER LINES j ATTRACTIVE FCL/LCL RAHSTO: Indian Sub-Continent MADRAS BOMBAY j j MADRAS WW.SHPG FWDG (P) LTD I 1 TEL :9M4-534 0450 FAX :9144-534 0200 BOMBAY W.WAGENOES PVT LTD TEL 91-22-207 5832 FAX :91-22-207 5831 5 PKLANG SUASA MASYHIJR SDN BHD TEL: 02-03-368 9199 FAX 02-03-367 7084 PENANG
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  • Page 42 Advertisements
    • 363 42 Shippingtimes BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6000 HHtr-A aHUiI JSISIM I Document Code Insure-ltnej so 12 If you need insurance coverage for your cargo, look no further. NTUC INCOME'S Cargo Insure-Line has just the plan for your importing and exporting business. Just consider
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    • 298 42 < flPoeumwtf Cod* I ISSooBr To advertise in M Business Centre 1 n°\v j| request for Document Code 8000 i shippinoTimes Business Centre Adverttalnjj that deliver* your business (arts through the (ax Are you looking I for a freight forwarder M WllO iS Call SFFA for OBQCB i m Reliable
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  • Page 43 Advertisements
    • 104 43 jmm Spore P.Katang Lo«flngFor PETRTOMASEVICH InPt 22A)7 RdrrVAtw/UK/Nan I CANALP 18A37 RdrrVAtWUK I OZGUR AKSOY 06/06 12A» RdrrVAtwAJK/Nan I Loeds EVW. Maieyna. tndoneaw J t Loading for f AKSOY CXjbat/A. I ■MAR CXjtoai/A. Dhabi/Bahrain/DarnrnarVKuwait I ■FOfTTUNE Duba/A DhSbi/Di*»¥naVJedd*VAqdoa I HodeidatVJeddah/Aqaba/Pt. Said I Ids Singapore, EJW. Malaysia. Indonesia I I Loading
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  • Page 44 Advertisements
    • 258 44 ANNOUNCEMENT OOCL and PIL Inaugurate Joint MidEast/Sub-Continent Express (MSX) Service Orient Overseas Container Line (OOCL) and Pacific International Lines (PIL) announced that a Joint MidEast/Sub-Continent Express (MSX) Service will be launched on 23 July 1996. This new fixed day weekly service will be calling at Singapore, Port Kelang, Dubai, Karachi
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  • Page 44 Miscellaneous
    • 130 44 LEGEND: R Thunderstorm Temperature c A V Shower Weather _X Wind direction with speed in knots •e Rain Cloudy Sky Wove he*ht Surface winds are mdkoted by arrows which Hy with the wind vl) One fufl circle represents calm or light and vonobie winds 1 One half Heche represents 5
      130 words