The Business Times, 24 June 1997

Total Pages: 46
1 46 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85f SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, JUNE 24,1997
    13 words
  • 52 1 CU 2Sik bss£Z Dbbv,«» Q ■OXETMOOD: kwamggriKMCBB Monday Change KLSE OOMP 1,088.98 4M NIKKEI 28,496.14 <-50.60 HANOSKNG 15,021.23 .-18.11 SCTINDKX NU1 >2418 JAKARTA (XBIP_7I184 +7.42 MMflLACOfP £***** -7108 TAJPB WPI 8JS&.12 +#11$ SBOUL OOMP 753.16 -7 Jtt CI AA CHINA B mm AUVf ALLOND ***** -13 IJIpai Cfcaage
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  • 57 1 uss ss USI 1.429 t UK Utt DM t£79. 1827 YEN tit 0807 1140 MS MM 0J68 A186 BAMf MM 0.068 HJPIAH 100 0.041 1060 TVKEUXa SINGAPORE* 144 KUALA LUMPUR I JO JAKARTA. 18.00 BANGKOK lift MANILA 12.60 BONflBONO 8.76 TAIPH 5.00 SYDNEY UO TOKYO lit notokEI A 8»
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  • 537 1  -  Banks sell shares pledged as collateral by its major shareholders By' Ven Sreenivasan [SINGAPORE] Van Der Horst yesterday shocked the market with an 84 per cent dive in half-year earnings and said banks had had to sell shares pledged as collateral by
    537 words
  • 358 1 AFP [PARIS] The total cost of rescuing the state-owned Credit Lyonnais bank is expected to be nearly 170 billion francs or U5529.2 billion (5541.7 billion), a newspaper has reported, quoting a ministerial report. A few months ago, then Finance Minister
    AFP  -  358 words
  • 613 1  -  MD of Morgan Stanley Asia sees a donbling in two years From i Quak Hiang Whai in Hongkong TWO forecasts on Hongkong that could go very wrong or at least one of them should were made yesterday, one that Hang Seng Index
    613 words
  • 499 1  -  Terrace houses in Changi, Serangoon, Jurong West are the most popular By\ Diana Oon [SINGAPORE! HDB dwellers were the biggest buyers of landed private homes in the Upper Changi and Serangoon areas last year, according to data from the Singapore Institute of
    Source: SISV  -  499 words
  • Page 1 Advertisements
    • 117 1 DVSDB Hk Pnprty Cefanm Lee Han Shih draws a conclusion as to why office rents in Singapore are only two thirds of those in Hongkong, Pgf Mtag* China Everbright will sell 56% of its loss-making retailer, Emporium Holdings, to Hieme International for US$336 million, Pg 20 V Aigrywtris Literature scholars
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    • 4 1 More reports, Pg 9
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    • 44 1 B K t I V*3 >11 -j- -f > If you can beat the clocki you can beat the world. > Uhep you find a team that pulls togetheri you can stand apart* >If every Minute matters-i choose the people you win with* every second counts
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  • SINGAPORE AT HOME & ABROAD
    • 421 2  -  Confidence about badness prospects picks up for the first time in five quarters By' Tan Su Yen SALARY Increases this year are expected to be 6.5 per cent, just a shade lower than last year's 6.7
      421 words
    • 515 2  -  TtoUSSSMm power plant project ig in Anhni province By\ Ronnie Lim SINGAPORE Power (SP) and the Government of Singapore Investment Corporation (GIC) are joining hands with listed United Engineers Limited (UEL) to participate in a Chinese project. The US$56O million (***** million) power
      515 words
    • 335 2  -  EYE ON THE ECONOMY Inflation By Jennifer Lien INFLATION came in at a lower-than-ex-pected 1.6 per cent in May, with the key food, housing and transport categories showing slower price rises. Economists polled by BT late last week had expected the consumer price index (CPI),
      Source: Dept of Statistics; ALLAN  -  335 words
    • 233 2 Plant will cater to semiconductor firms in South-east Asia JAPAN'S Mitsubishi Gas Chemical Co (MGC) is setting up a US$3O million (Ss43 million) plant to make and sell su-per-pure hydrogen peroxide for the South-east Asian wafer fabrication market. Construction
      233 words
    • 488 4  -  Move to address fears that new projects will severely drain limited manpower available By Ronnie Lim TO PREPARE for the manpower needs of the oil, chemical and petrochemical industry, Singapore has set up a government-industry committee to tackle what is a
      CHRIS LOH  -  488 words
    • 408 4  -  By] Ronnie Lim MOBIL, which was to have decided on a multi-billion-dollar petrochemical complex investment here this month, has postponed its decision to the year-end as it is still lining up downstream partners for the project. Exxon Chemical, meanwhile, has found Japanese
      408 words
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 475 5 A Pre-Owned Lexus outperforms, outshines and Or simply the confidence of a regular and may seem rather generous. But have you ever outlasts most new cars that just rolled off the exacting Lexus service. known Lexus to compromise on standards? assembly line. But just because a Lexus is a Lexus,
      475 words

  • FOCUS: PROPERTY
    • 671 6  -  TBB PROPERTY COLUMN The lack of local entrepreneurs may be a reason for Singapore's prime office rental being a third cheaper than Hgs By Lee Han Shih IS IT good or bad news that prime office rental in Singapore is two-thirds that
      671 words
    • 347 6  -  By\ Diana Oon [SINGAPORE] Another redevelopment site is being put up for sale on Lincoln Road in the ever-popular Newton area. Three groups of owners are offering a total of 22,900 sq ft of freehold land for sale by tender. The site comprises land
      347 words
    • 332 6  -  It will be redeveloped into light industrial building warehouse By 1 Tan Su Yen [SINGAPORE] Sing Holdings yesterday announced the purchase of a freehold industrial building at 80 Tannery Lane which it plans to redevelop into an U-storey light industrial building and warehouse. The building,
      332 words
  • Page 6 Advertisements
    • 464 6 liVgjgm SUNTEC TOWER OWE £SSk\' THE PENTHOOSE FOR COMPANIES WHO NEED 1 QUALITY SERVICES, FACILITIES BUSINESS CENTRE! PROFESSIONAL MANAGEMENT >■ Fully Furnished Serviced Offices with Unsurpased Views >■ Multi-lingual Secretarial Support >• Personalized Telephone Answering >■ 24 Hours Access with Security Cameras >■ Flexible Leasing Terms >• Conference Latest AV
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  • SOUTH-EAST ASIA
    • 385 7 BANGKOK New Finance Minister Thanong asks for time to study issues Reuter THAILAND yesterday delayed its plan to take urgent measures to shore up its ailing finance and property sectors, saying the government needed more time to study the steps. Deputy Finance Minister
      Reuter  -  385 words
    • 272 7  -  SINGAPORE By Soh Tiang Keng SADDLED with soaring losses on their hospital and surgical benefit business, some life insurance firms in Thailand are considering pulling out of health insurance. The Asia Insurance Review, a Singapore-based regional publication, says this may happen unless mechanisms
      272 words
    • 135 7 JAKARTA Bloomberg INDONESIA'S benchmark stock index surged to a record, led by banks, amid optimism about accelerating corporate earnings growth. Expectations that profit gains in Indonesia will double to 20 per cent this year at a much faster pace than its neighbours is
      Bloomberg  -  135 words
    • 467 7  -  BANGKOK New b&ht attack possible bnt higher export figures seen offsetting sentiment Reports by Harish Mehta THAILAND'S foreign exchange reserves data for May, due out on Thursday, are likely to show that reserves have fallen in the wake of measures to defend
      467 words
    • 422 7 THE Bank of Thailand (BOT)'s recent capital curbs were aimed at punishing currency trader George Soros, who led one of the most severe attacks against the baht in mid-May, a newspaper said yesterday. Citing sources, The Nation said: "He (Soros) still
      422 words
  • Page 7 Advertisements
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    • 72 7 o MONT° BLANC *\t J I are ever faster preserve the leather does lose even in day by day use. The perfect T l THE ART OF WRITING YOUR LIFE MONTIUNC lOOTIOUIS Sin|npore: Ngee Ann City #01-32, toffies City #01-37 A, MilUnia Walk #01-24 an 4 nil antliarisnJ deelers. MOHTIIAHC
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  • CHINA-HONGKONG-TAIWAN
    • 520 8  -  TAIPEI VNCs using case to posh for crackdown, but Taiwan firm says it was set op FBI By Bruce Cheesman INTERNATIONAL pharmaceutical giants have seized on an industrial espionage case involving a US and a Taiwan firm to highlight their
      520 words
    • 329 8 BEIJING AFP WEALTHY conglomerates are snapping up eastern China's ailing state concerns in a shining example of the ability of big business to squeeze profit from the struggling public sector, reports here said yesterday. Some 2,500 public firms have been taken over in the
      AFP  -  329 words
    • 309 8 TSOYING, Taiwan AFP TAIWAN yesterday launched two days of major live-fire war games only a week before Hongkong returns to China, brushing aside US and Chinese warnings that the manoeuvres could further heighten tensions across the Taiwan Strait. President Lee Teng-hui,
      AFP  -  309 words
    • 167 8 TAIPEI Bridge News TAIWAN'S large governmentrun banks are not about to suspend bulk property loans despite a report to the contrary in a local newspaper yesterday, bank executives said. The Economic Daily News said the "Big Three" govern-ment-run commercial banks Hua Nan, Chang Hwa
      Bridge News; AFP  -  167 words
  • Page 8 Advertisements
    • 694 8 WOCBCIMKIK Oversea-Chinese Banking Corporation Limited (Incorporated in Singapore) ANNOUNCEMENT OVERSEA-CHINESE BANKING CORPORATION LIMITED SCRIP DIVIDEND SCHEME On 13 June 1997, the Directors of Oversea-Chinese Banking Corporation Limited (the "Company") announced the application of the Oversea-Chinese Banking Corporation Limited Scrip Dividend Scheme (the "Scheme") to the final dividend of 11 cents
      694 words
    • 88 8 Are you sitting comfortably? (You must be In Emirates' Business Class.) lr^' H V '-A Comfortable? Our Boeing 777s boast one of the most advanced seats in the sky. Pampered? There's a personal video, phone, fax and the finest champagne and cuisine. Impressed? We hope so. vVe V iwok *>¥**[
      88 words

  • HONGKONG'S RETURN
    • 450 9  -  HONGKONG He says he eqjoys talking with SM despite differences on HK reforms Loh Hui Yin GOVERNOR Chris Patten said yesterday that time will tell if Senior Minister Lee Kuan Yew's view of Asia, or the views of others, is
      450 words
    • 449 9  -  SINGAPORE By 1 Toh Han Shih COME the return of Hongkong to China on July 1, all the world's media will be focused cm Asia. From Latin America ta the Middle East, from Britain to the US, TV cameramen affe getting ready
      449 words
    • 81 9 (HONGKONG] An officer aboard the Royal Yacht HMYBritannia surveying the construction ofgrandstands for an enormous British end-ofempire party in Hongkong's East Tamar, the site of the former Royal Navy headquarters, following the Britannia's arrival yesterday morning. Britain's party to mark the historic handover of
      AFP  -  81 words
    • 366 9  -  HONGKONG By\ Loh Hui Yin ANY fears that China, which will govern Hongkong shortly, will dip into the territory's ample foreign exchange reserves are groundless, said an official of the Hongkong Monetary Authority (HKMA). Norman Chan, HKMA deputy chief executive, said: "I
      366 words
    • 241 9 HONGKONG Reuter BUSINESS professionals' confidence in the future of Hongkong has risen substantially over the last year, reversing the downward trend of recent years, a poll released yesterday showed. The survey also showed that maintaining a democratic system in Hongkong was ranked
      Reuter  -  241 words
  • Page 9 Advertisements
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      243 words

  • Page 10 Advertisements
    • 159 10 Unity With our enormous strength and the reputation of our biggest shareholder, DBS Bank, you can trust ICS Insurance. After all, what is insurance but preparing for the future with complete confidence. Meeting your needs has helped us become one of Singapore's leading insurance companies. We now protect the future
      159 words

  • FOCUS
    • 1762 11  -  A review of the US-Japan cooperation pact stirs up fears in China and even among some Japanese From, Anthony Rowley in Tokyo THE decision earlier this month by Japan and the United States to review the joint guidelines for defence cooperation between the two
      FILE PHOTO  -  1,762 words
  • Page 11 Advertisements
    • 168 11 isi r«r >1 1 liWi lILiWIBIIIiJIiM ;^*^flD!^B!-s^^ ~4fe^^HHHHriftHHHHHHfl^^^Mnxr xnten-m^^^pnn««wt" Ttrrr^ unvm n3Hß*i «in«i r "®fcfc*. l lM l TffTfr —jpjjpWifam—i llllll ■'"^J^^m j'^ llii J l y,*, iiiwy ww k. ii"j^" <v^>< ~i ,MMI 1 Business trips, more often than not, take longer than expected. We at Sedona Hotel Yangon
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  • ASIA
    • 262 12 SEOUL Ministry summons brokers over soaring trades on London Metal THrrhatngfl Reuter AN official of South Korea's Finance Ministry said yesterday the ministry had summoned several domestic brokers to investigate overseas futures trading by Korean companies. Lee Jong Gap, a director
      Reuter  -  262 words
    • 147 12 TOKYO AFP JAPAN'S Nomura Securities Co allegedly capitalised on artwork deals to raise 320 million yen (Ss4 million) in 1995 to pay a corporate racketeer in a payoff scandal, Kyodo News said. Nobutaka Fujikura, a former managing director of the brokerage, allegedly played the
      AFP  -  147 words
    • 51 12 [SYDNEY] Hoteliers racing along the foreshore of Sydney Harbour on Saturday during the annual competition among staff from the city's most prestigious hotels. The overall winner from the various teams of executives waiters and porters was given a free trip to Hongkong for the handover celebrations.
      AFP  -  51 words
    • 328 12 SEOUL Company says request was part of its annual loan plan Bloomberg, AFP KIA Motors, South Korea's third-biggest auto manufacturer, denied a report that it sought emergency loans to ease cash flow problems. The Maeil Business Newspaper said Kia and
      Bloomberg,; AFP  -  328 words
    • 353 12 SEOUL AFP A SOUTH Korean civic group yesterday said it would sue the US tobacco industry and its main distributors here for damages after a landmark ruling in the United States over the weekend. "We will file the suit at
      AFP  -  353 words
    • 457 13 M ISLAMABAD Officials of the two nations end talks on npbeat note, decide to meet again in Sep Reuter INDIA and Pakistan, seeking to put 50 years of rivalry and war behind them, yesterday announced an agenda and negotiating mechanism for future peace talks.
      Reuter  -  457 words
    • 345 13 SYDNEY AFP WARNINGS of Bosnian-style ethnic cleansing of Chinese Australians by supporters of right-wing nationalist MP Pauline Hanson are being taken seriously by the community, one of its members said yesterday. v Brisbane-based lawyer Lawrence Ma said some of the community had received mail
      AFP  -  345 words
    • 260 13 SYDNEY AFP AUSTRALIA faces long-term economic damage if it pursues its policy of opposing an agreement to extend measures to reduce greenhouse gas emission, a group of 131 economists warned yesterday. They said in a statement that many potential measures existed to
      AFP  -  260 words
    • 252 13 NEW DELHI AFP INDIAN Prime Minister Inder Kumar Gujral's Janata Dal (People's Party) may split over the prosecution of one of its top leaders in a corruption scandal, an aide warned yesterday. "The current situation can result in a split in the party,"
      AFP; FILE PHOTO  -  252 words
    • 267 13 BOMBAY Slow market prompts group to spread 3-yr plan over 6 years Reuter THE Indian subsidiary of Samsung Electronics, the Korean consumer electronics giant, said yesterday its US$2OO million (Ss2B6 million) investment in the country will be spread over six years, instead
      Reuter  -  267 words
  • Page 12 Advertisements
    • 258 12 T~ i€to_i W H ■> £t#c< L v 11' jm^—I m, #gy» >. «*»r k\y;, lgpi, i «t 'ii ii-i\jl 'f jn 0 m 5 v ~-< r < 'tj^^B. &ft \\J V r ?JV 1 TB. JT- w I Jk m Your Hongkongßank Credit Card is more than just
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  • Page 13 Advertisements
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  • THE WORLD
    • 430 14 DENVER Japan's rising trade surplus with the US still the most pressing issue Reuter TOP industrial nations sounded broadly satisfied with the shape of the world economy and the constellation of currency rates at their Denver summit, but the happy talk masked differences that could
      Reuter  -  430 words
    • 272 14 UNITED NATIONS AFP WORLD leaders kicked off Earth Summit n here yesterday amid dire predictions of environmental ruin and US stonewalling over concrete measures to stop it. The official welcome was delivered by US Vice-Presi-dent A 1 Gore and Brazilian President Fernando Cardoso,
      AFP  -  272 words
    • 348 14  -  SINGAPORE Govts should take hands-off approach: US policy adviser w Toh Han Shih THE Internet should be a tar-iff-free zone and governments ought to take a hands-off approach to Internet commerce, senior policy adviser to the US president, Ira Magaziner, told reporters
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    • 308 14 WASHINGTON Reuter A LEADING congressional critic of the tobacco industry predicted yesterday that Congress would make major revisions to the U*****.5 billion (*****.5 billion) settlement between states and the industry, while one of the state negotiators warned Congress not to "muck it
      Reuter  -  308 words
    • 289 14 BONN Reform* to cot tax writeoffs for losses hit power utilities Reuter CHANCELLOR Helmut Kohl s coalition yesterday defended itself against an attack by Germany's business lobby on changes to tax reforms which would cost big companies billions of Deutschemarks next year. Business
      Reuter  -  289 words
  • Page 14 Advertisements

  • EDITORIAL & OPINION
    • 634 15  -  THE BOTTOMLZME OPINION By Harish Mehta The writer is BT's Bangkok correspondent THE resignation of Thai Finance Minister Amnuay Viravan last week has exposed the weakness of Thailand's coalition government When cabinet rivals attacked Dr Amnuay and forced the government to roll back
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    • 158 15 'I don't think much of spending money twice that we never had in the first place.' Helmut Kohl German Chancellor on suggestions that Europe review massive public works programmes. 'It's like trying to empty a bathtub with a teaspoon while the tap is running.' Kl&os Kinkel German
      158 words
    • 594 15 EDITORIAL US PRESIDENT Bill Clinton has set himself a domestic political goal of making the United States government "look more like America", by giving women and minorities a "seat at the table" where critical decisions about the future of the nation are made. As President Clinton bids
      594 words
    • 923 15  -  Over-investment has led to excess capacity which will hold back a recovery in exports By: Peter Montagnon Financial Times CHEN ZHAO, managing editor of the prestigious monthly economic review, The China Analyst, is a gloomy man. On a recent visit to north-east China, he says
      Financial Times; AFP  -  923 words
    • 879 15 fffrhiwlii hm I'D feel better about America's economy if I knew we were prospering as one country, not as two. One way I'll know that is when my 11-year-old daughter, who goes to public school in Maryland, stops coming home sad because another one of her
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  • Page 15 Miscellaneous
    • 40 15 DOOMESBPRY By Garry Trudeau vem cxeAnvßPeone /ve 1 THATTWS GRAPHICS GCNUBW OFTBN P/FFKUJLT- YOU JUST THCfiB MUSTBS SOMB IfSiSN- W Hi—. L HIRSP IS ALSO A TOTAL JEFK? HAVB TO ACCEPT fTAS e J fMSIL9JRB,f\ I" fWRTOFTHEPACKASef I U XXJ6UWT
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  • EXECUTIVE LIFESTYLE
    • 994 16  -  A recently-published edition of the James Joyce masterpiece has scholars fuming, says barah ltall SARAH LYALL NYT EVEN James Joyce didn't always know the precise words he intended to use in Ulysses, his masterpiece and a book that was as challenging in the writing as it
      NYT; FILE PHOTO  -  994 words
    • 541 16 MUSIC NYT [NEW YORK] Once promoted as the icon of an entire generation, Michael Jackson now finds himself in the precarious position of seeming to stand on stage alone at least in the United States. Unlike the usual hubbub that surrounds
      NYT  -  541 words
    • 893 16 PUBLISHING Competition poshing publishers to offer freebies to boost newsstand sales NYT [NEW YORK] Buy this magazine, and get a free T-shirt. Or a bottle of perfume. Or a garden tool. Whatever. That's been the story at the newsstand for the last few years
      NYT  -  893 words
    • 623 18 TENNIS Torrential rains drive qualifying events indoors; participants expect upsets NYT (WIMBLEDON] This could be the year that Wimbledon, which has already tampered with tradition by ripping up Court One and installing a spanking new stadium nearby, may regret its steadfast decision to use the sky
      NYT; AFP  -  623 words
    • 411 18 GOLF US Open champ leads from start to finish to take the Buick Classic NYT [HARRISON, New York] Ernie Els followed up his US Open triumph with a commanding wire-to-wire victory in the Buick Classic on Sunday. Els fired a two-under
      NYT; REUTER  -  411 words
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  • Page 17 Advertisements
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  • Page 17 Miscellaneous
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  • Page 18 Advertisements
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  • COMPANIES & MARKETS
    • 365 19  -  SIA conld boy direct stake in Air NZ, or buy into its major shareholder Brierley From Surinder Singh in Sydney SINGAPORE Airlines, which last week tied up with Air New Zealand and Ansett Holdings on the "kangaroo route" between Australia and
      365 words
    • 422 19  -  It's also in talks for joint venture to repair Mmmiffriftl mginftg By< Conrad Raj SIA Engineering Company, a wholly-owned subsidiary of Singapore Airlines, has awarded a US$22 million (5531.4 million) contract to Japan's Mitsubishi Heavy Industries to set uiv gine test facility
      422 words
    • 795 19  -  HOCK LOCK SIEW Louis Beckerling CEREBOS and Amcol. What's the connection? In a marketplace displaying all the animation of a stunned mullet, they've provided some news. But unhappily that's where the entertainment value ends. Take Cerebos first. Best known for manufacturing and distributing
      795 words
    • 199 19 [SINGAPORE] Stamford Tyres Corp requested a suspension of trading in its shares yesterday and estimated the loss from last Friday's fire at its warehouse at $28 million. The company said the loss would be fully recovered through insurance claims. The Sesday-listed
      199 words
    • 334 19  -  $6m purchase by Ramdas Nair adds fuel to takeover talk By' Tan Su Yen [SINGAPORE] The mystery buyer of a major stake in likely takeover target Ho Wah Genting International (HWGI) has been revealed. The company said yesterday that one Ramdas Nair
      334 words
    • 245 19 [SINGAPORE] Liquid crystal display maker IDT Holdings (Singapore) posted net profit of $11.8 million for the year ended Mar 31, 43 per cent above the previous year's proforma profit of $8.24 million. Turnover on a proforma basis was also 27 per cent higher than
      245 words
    • REGIONAL COMPANIES
      • 362 20 lad chip straps Wm ii m 1m itihn Mi wEkSmht** of ECsTbeaM SCMP [HONGKONGJ China Ever-bright-IHD Pacific has de tailed the deal which brings it elosef to becoming a financebased red-chip conglomerate through a 20 per cent stake in Theme International Holdings. The
        SCMP  -  362 words
      • 320 20  -  ktllptUMlt MprivattetiM nMtluU Prom, Eddie Toh in Kuala Lumpur THE Malaysian government has not yet decided on Bank Bumiputra's privatisation route, according to Rashid Husaaln yesterday. Mr Rashid, executive chairman of Rashid Husaaln Berhsd (RHB), Mid the group's merchant bank has submitted a proposal
        320 words
      • 280 20  -  ItfeftftigSMAft for 45,424*4 ft mat Ktmi MKT statiM By. Abdul Hadhi (SINGAPORE] Mainboard listed DBS Land has clinched a 40,434 «q ft collective sale site in the Upper Serangoon area fof 190.2 million. The property developer's competitive bid works out to about Hit per
        280 words
      • 248 20 [SINGAPORE! CME Industries, a subsidiary of scaffoldings supplier Poh Lian Holdings. has been made the sole Singapore dealer of passenger and material hoists by Dutch company HEK Manufacturing. The ma in board-listed Poh Lian has also secured its largest
        248 words
      • COMPANY Briefs
        • 65 20 [SINGAPORE] United Overseas Land will be selling 30 per cent of its Novena MRT commercial development, and retaining 70 per cent for investment. The company, together with United Overseas Bank and Singapore Land put in the top bid of $506 million for the Novena
          65 words
        • 38 20 [SINGAPORE] Frozen-food specialist Pacific Andes is proposing a l-fbr-4 bonus issue after announcing a 28.6 per cent rise in profits for the year ended March 31. The issue will result in 36,281,250 new shares.
          38 words
        • 82 20 [SINGAPORE] ST Electronic ft Engineering (ST EftE) yesterday said Seah Moon Ming will replace Yap Eng Lip as managing director from July 1. Mr Yap will be made managing director ofMicropolis Singapore Operations and will remain on ST EftE's board. Singapore Technologies Shipbuilding
          82 words
        • 75 20 [SINGAPORE] Shangri-La Hotel raised the paid-up capital of its Singapore-incorporated subsidiary Central Laundry Pte Ltd. Its paid-up share capital has been increased from $4 million to $5.2 million through the proportionate issue of 1.2 million new $1 shares to shareholders. In turn, Shangri-La Hotel got 660,000
          75 words
      • 494 21 Slump may be brief; shares of firms with powerful backers likely to keep rising Bloomberg [HONGKONG] Chinese investment companies, Hongkong's hottest stocks, fell for the first time in seven days, tripped up by new rules designed to make it harder for
        Bloomberg  -  494 words
      • 229 21 Bloomberg [SYDNEY] Pacific BBA, an Australian construction company, said it has acquired the 49 per cent minority shareholding Hicom owned in its Malaysian automotive business, PBR Automotive (Malaysia), for an undisclosed amount. Pacific said it approached the Malaysian government seeking permission to purchase the
        Bloomberg  -  229 words
      • 123 21 Reuter [HONGKONG] Investors representing leading Asian conglomerates said yesterday they had established a Hong-kong-based investment bank, KG Investments (KGI). Shareholders now include Taiwan's Koos Group and Japan's Nippon Life Insurance Co, KGI said in a statement. Other shareholders, subject to regulatory approval,
        Reuter  -  123 words
      • 48 21 [KUALA LUMPUR] A Malaysian model showing off radiant-cut natura l yellow diamonds on a necklace and a ring during the opening ceremony of the French Korloff Boutique in a hotel in Kuala Lumpur yesterday. The 25.62 carat diamond set has a US$4OO,OOO (*****,000) price tag. AFP
        AFP  -  48 words
      • 491 21  -  Worldwide brand revamp to help group meet its target Annette Pau [SINGAPORE] LG ELectronics, the flagship unit of South Korea's LG Group, is looking to a 10-fold jump in sales to US$7B billion (Ssl 11 billion) by the year 2005. The
        491 words
    • INTERNATIONAL COMPANIES
      • 302 22 More flexible organisation needed to cope with changing markets FT [LONDON] GEC Alsthom, the Anglo-French power and transport engineering group, ,is decentralising its management in its biggest organisational change since it was founded eight years ago. iv The company, a joint venture between GEC of
        FT  -  302 words
      • 145 22 Reuter [NEW YORK] A consensus of a roundtable of seven Wall Street investment strategists sees the Dow Jones Industrial Index at significantly lower levels by the end of 1997, Barron's reported. The Dow closed at 7,796.51 on Friday. Smith Barney's Marshall Acuff, Merril
        Reuter  -  145 words
      • 340 22 Lower precious metal prices, strong pound take their toll Bloomberg [LONDON] Lonrho pic said "pre-tax profit plummeted 38 per cent in its fiscal first half because of the stronger pound, lower precious metal prices and a decline in African businesses such as auto distribution.
        Bloomberg  -  340 words
      • 329 22 Meeting scheduled for today unlikely to get a quorum FT [PARIS] Shareholders in Eurotunnel, the troubled operator of the Channel tunnel rail link, are close to gathering sufficient votes to block the restructuring plan under negotiation between the company and its creditor banks.
        FT; FILE PHOTO  -  329 words
      • 238 22 Bloomberg [NEW YORK] Compaq Computer Co, the world's fifthlargest computer company, said it will acquire Tandem Computers Inc for stock valued at about US$3 billion (554.3 billion), the companies said. The transaction is valued at about U5522.40 a share, based on Friday's closing
        Bloomberg  -  238 words
    • FINANCE & COMMODITIES
      • 411 23  -  China bank won't shift all its business to HK after June 30, says official Lu Ning [SINGAPORE] The Bank of China (BOC), one of the largest state-owned commercial banks of China, will continue to tap the Singapore financial market for capital even
        411 words
      • 366 23 Reuter [MANILA] Metropolitan Bank and Trust Co should post strong growth for the first half of the year despite challenges confronting the Philippine banking industry, analysts said yesterday. Lower loan growth triggered by a recent scare over asset quality, narrowing spreads and keener competition have
        Reuter  -  366 words
      • 45 23 [HANOI] Workers unloading fruit from a boat on a canal in Ho Chi Minh City on Saturday. Vietnam, a tropical country, has a great production of various fruits but its processing industry is still small, being unable to tap this resourcefully. AFP
        AFP  -  45 words
      • 350 23 Up to 4b yuan of convertible bond issues will be allowed under new qnota Reuter [BElJlNG] The first group of Chinese firms to issue corporate convertible bonds under a new quota could go to the market as early as October with
        Reuter  -  350 words
      • 266 23 Bloomberg [LONDON] National Westminster Bank surged as much as 4.3 per cent yesterday on a report that Barclays is considering a takeover bid to form Britain's largest bank. Nat West declined to comment on the speculation yesterday, though it did say its chairman
        Bloomberg  -  266 words
      • 187 24 SUKEXReport Reuter (SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures rose slightly in thin trade yesterday ahead of the Bank of Japan's tankan survey of business sentiment. The tankan report is due out tomorrow. "We think the tankan survey is going to show
        Reuter  -  187 words
      • 173 24  -  MSCI TAIWAN FUTURES By Perry Gilbert, Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] THE Simex MSCI Taiwan Index futures remained firm over the session, supported by the cash index which rose 91.3 points to 8,925.1. Continuous small sellers kept the lid on
        173 words
      • 306 24 ENERGY REPORT Reuter [BAKU] Azerbaijan's state oil company, Socar, plans to sign at least three new contracts with US energy firms to develop Caspian Sea oil fields, a Socar official said yesterday. Davud Babayev said the contracts, with Exxon, Chevron and Mobil,
        Reuter  -  306 words
      • 273 24 Reuter, AFP THE US dollar was trading within narrow margins yesterday afternoon by comparison with morning levels, up a tad against the yen but off a bit against European currencies. The dollar was down to 1.7260 marks against 1.7279 in the morning and 1.7295 on Friday, but was
        Reuter,; AFP  -  273 words
      • Article, Illustration
        1275 24 prr™«*»g cross eatbs j™ 23 M* mL AZ \I» 1W 3HS! 0466 MM lSo30»9 1946 1074 1382 I083»2tt3[ i« Canada 0.957 5.971 0435 4.193 U43 5.569 25.791 17.480 0.829 4387 1809 1052 29.092 11.963 1028 1237 *****0062 17.7* 84* WW CMM OW 0.167 0.106 0.701 0208 0.932 4315 2.924 009
        1,275 words
    • 1626 25 8IC0M FIITUMS Jun23 MIMCI (Mvu da** at IJQpa) RSS1 CONTRACTS ClOM Mm OpM Mwtt H» Ui htt (two) Hrttfwt *97 150.00 SO 520 A* 97 153.50 153.50 153.00 225 1745 Sop97 156.25 150 1895 Oct/Doc 97 67.75 3750 J*i/Mar 98 160.25 7425 Apr/JwiM ***** ***** RSS 3 CONTRACT
      1,626 words
    • 1635 25 AFP P Nikkei 225 *6060 JAPANESE share prices edged higher yesterday, aided by light bargain hunting and late fu-tures-led gains in cautions trade ahead of the release of a key survey by the Bank of Japan, brokers said. The key Nikkei stock average of the Tokyo Stock Exchange rose
      AFP  -  1,635 words
    • 2236 25 LONDON Mislvflris Ja*23 Place 31 Group 504 -1.400 AB Ports 269.400 -1 Abbey National 799 -6.400 ADM Domecq 421 unch Airwe 143 -1.400 Asda Group 117.400 2.600 8AT Ind 566 -23 BG Ptc 216 -2 BICC 179 -1 BOC Group 1047 -8.400 BR Petroleum 707.600 -3.800 BTR
      2,236 words
    • Article, Illustration
      1555 26 AFP n Hang Seng -***** SHARES fell yesterday in volatile trading after reaching a record closing high last week. "Investors were cautious and not certain what's going to happen next, following the record close last Friday," said an analyst. "Sentiment remained upbeat on Hongkong's future after the handover of
      AFP  -  1,555 words
    • Article, Illustration
      644 26 Reuter fl Shenzhen B Index -0.88 THE Shenzhen B share market ended down in volatile trading yesterday due to the suspension of A share market giant Shenzhen Development Bank for unusual price movements. The B Index lost 0.88 point to 148.27. Turnover was HK$B5 million. The A Index gained
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  644 words
    • 399 26 AFP HWPlndei **L 2» INVESTORS' growing enthusiasm for high-tech stocks pushed the local bourse to a seven-year closing high yesterday, brokers said. "Electricals dominated trading with most of listed IC (integrated circuit) issues being quoted at the daily ceiling prices throughout the session," said a trader. The TSE Weighted
      AFP  -  399 words
    • 266 26 Reuter n Wellington -8L73 SHARE prices ended lower yesterday as trade thinned out before the budget on Thursday. The NZSE-40 Capital Index ended 8.73 points down at 2,414.87 on turnover of NZ532.2 million. Reuter as coooi A*Z B«*lng '0 60 -0.10 ***** Advantogos HlOqi 1.12 unch ***** Air New
      Reuter  -  266 words
    • Article, Illustration
      845 26 AFP HSETIndn *2438 SHARE prices soared 5.1 per cent yesterday ahead of the swearing in of a new finance minister and amid reports that the premier would tackle key economic problems. Analysts said the surge was due to bargain-hunting and news the prime minister will issue executive decrees to
      AFP  -  845 words
    • 423 26 AFP -7*35 SHARE prices closed lower yesterday, led by forced selling of second liners. Dealers said sentiment was extremely weak, affected by the slow inflow of foreign funds and the slower-than-expected pace of yen's rise against the dollar. The Composite Index fell 7.35 points to 753.05. Turnover was 31.7
      AFP  -  423 words
    • 597 26 AFP DAP Primaries -13 SHARES eased yesterday as profit taking and reduced overseas interest countered strong gains in media stocks. The All Ordinaries Index fell 6.3 points to 2,706.3. Turnover was 344.37 million shares worth A 5693.29. The media index jumped 230.1 points to 15,001.6 following a deal between
      AFP  -  597 words
    • Article, Illustration
      783 26 AFP n Composite Index *1.42 SHARE prices rose one per cent to a record close yesterday as investors chased blue chips higher. "The index closed at an all-time high," said an analyst. "The majority of foreign brokerages were net buyers, but the biggest push came from local investors." The
      AFP  -  783 words
    • 345 26 AFP Q Manila -T3M STOCKS fell 2.5 per cent yesterday as property and banking shares got a beating. Analysts said the market reacted to the Fil invest group pulling out of a major development in Makati last week by selling out to Metro Pacific. The PSE Composite Index fell
      AFP  -  345 words
    • KUALA LUMPUR STOCK MARKET
      • 512 27 AFX-Asia d Composite Indei -&56 SHARE prices closed lower yesterday, with profit-taking seen in blue chips led by Proton, after results, and by Maybank. Dealers said the overall market was lacklustre, with little interest shown by funds or retail investors. The KLSE Composite Index closed
        AFX-Asia  -  512 words
      • 8111 27 MOUSTMALS Cmismwt pnMs 7 L**« Vol Day Net Cap Lr Camp any Sate OOO Hlqfi Low P/I $mll IIS ItS tU™" 0 0 590 W 2 590 590 32.7 239.1 £!f Angkasa 312 unch 52 312 304 9.3 460.0 225 ?J2 *P°*° Food Hlg 695 -5 4 695 680 278.0
        8,111 words
    • WARRANTS & OPTIONS
      • 152 28  -  WARRANT WATCH -By Ven Sreenivasan SHARES of Van Der Horst, the Indone-sian-controlled engineering group, have been heading downwards and now stand at a four-year low of $2.19. The shares perked in early morning trade on speculative buying, prompting many
        152 words
      • 3620 28 BONOS, LOANS A VAMANTS IT Last Vol Day Last Ouata Arq High Law Stna C imp any Sa4a *ar- (*000) High Law Buyar SaNar Prka 68 44.5 m 3000 m AMDB C5.5H*****6 47 45 49 67 41.5 3160 "Acar ******1 USS 58 *8 1 58 58 50 57.5 131 70.5
        3,620 words
    • 2305 28 Transaction Date Jun 23 MALAYSIAN STOCKS Or Or 1997 Last Vai On Lest Ouot* Mv Mv YM MM M Cap High L— Stno Company Sal* COOP) HI* Law Buyar »a8ar Cw Pit jm* 478 296 ms 5000 AISB50C 300 unch 23 302 300 299 300 5.0 4.9 0.5
      2,305 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1479 29 TURNOVf t('OOO) VALUE COOO) q» t«i mt» ct» t«u> MMMrial 47,336 MOT 94,163 128,043 H.MT 140,630 8,936 1.99? '0,493 66JT7 3,034 69.35) HfM* 1.137 269 2.402 4J61 4U 4.813 Pr«Mr«M 9,267 2.977 *844 41,483 2.9*4 44,367 nwMMtwi 304 304 1.537 1337 MWng «1 121 221 221 •<-« 5,046 4,260 9,306
        1,479 words
      • 5213 29 Or Or M Wt •997 List Vol Day Last Ouote Mv Mv YM Nat Cap Avq MUh Law StNa Company iaH COOP) High Law Bwyar SeHar Cw M »w*l Prtea MOUSTMAU 5146 ASE NT$tO 200 US- 885 885 1275 ASF U51C100 US885 88.5 203 155 1258 Acer SOc
        5,213 words
      • 1052 29 Or Or M Wt f*rr LMt VI Day Last 0»ata 01* Mv YM Mat Cap Av* HH» 1— »tm Ciwmu Sata fOOO) HH> Law Bwyar Mfcf Cw P/l Prttd mm 186 76 a 2000 ABDHtdqsSc 91.5 Cd *0.5 55 92 89 91 92 3.0 6.0 0.2 I3tt7 40.7 98
        1,052 words
      • Article, Illustration
        62 30  -  byl Shiv Taneja EXCEL MACHINE TOOLS has run up a fair bit in the last couple of months. Yesterday, it closed 1.5 cents higher at 71.5 cents on a volume of 2.2 million shares. Based on the daily and weekly MACD charts, there is still a little more
        62 words
      • 203 30 Shdis Vol— Wan der Horst 8,681,000 lat>royM20c 3,907,000 HilandUSIOc 3,840,000 Raffles M«d10c 2,820,000 Ty« Soon 10c 2,548,000 Excel 20c 2,226,000 NhliantOc 2.081,000 OUBFR 1,641,000 SingTel ISc 1,508,000 US Land 1,498,000 fted« i_ Van der Horst 19,702.670 BCBC Foreign 18,117,304 0081 Foreign 16,901,104 BlS Foreign 15,913,800 Stt Foreign 11.167,100 WLandUSIOc 10,903,256
        203 words
      • 598 30  -  STOCK MARKET COMMBIVTAKY Bat broader market drifts sideways on thin volume as institutional investors remain cautions; rally hinges on recovery on trade front, say analysts By Ven Sreenivasan [SINGAPORE] Selective buying of in-dex-linked counters yesterday enabled the benchmark Straits Times Industrials Index to
        598 words
      • ON THE GRAPEVINE
        • 118 30 SEVERAL hotel* in Singapore are cashing in on the return of Hongkong to Chinese rale by pandering to Singaporeans'love of food and drink. ANA Hotels entices you to feast on its East meets West buffet lunch or dinner with a bottle 0f1967 Hongkong Handover Red Wine or Gold
          118 words
        • 81 30 WHAT rotten luck for poor Stamford Tyres, whose warehouse at Lok Yang Way was destroyed In a massive fire just as they were rolling out the welcome mat for one of their major Japaneee principals. The fire, which started laet Friday afternoon and laslsd about 10 hours,
          81 words
        • 77 30 PREMIXREI2 gets credit for completely killing off any excitement during their live telecasts from ISPN of the NBA play-ofb In the last frw weeks. For Interminable stretchee at each commercial break, they would put on-screen a blurry still photo of Jordan and Malone while playing extremely dull musak
          77 words
        • 118 30 SO YOU know someone who knows someone who takes an occasional dollar each way on the outcome of a soccer match in this part of the world? Well, try this for size. In London, a woman first stunned the gamblinf fraternity by staking £50,000 on the second
          118 words
        • 158 30 THE folks tasked with publicising Singapore ONE (meaning: One Network for Everyone), the world's first nationwide broadband multi-media network, seem visibly determined to ensure that reports on this multi-million dollar project aren't fouled by faulty nomenclature. At the tail end of a mass of background material (half
          158 words
  • Page 19 Advertisements
    • 10 19 SIA tie-up a boon to Ansett, Shipping Times Pg 16
      10 words
    • 91 19 i"t I I ■,>JpiJ! aiaitr ii« 9HGtt&3nm w-* mbl M m* K P" i*m iS> designs "'details M make a Office space facilities planning Q COT®"** design |f you>e |ookjng for a soperior Imported custom made partnership in office design, look no Further than the company that can deliver office
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  • Page 20 Advertisements
    • 915 20 i i .ill, ,> tor IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in Singapore with limited liability) GROUP FINANCIAL HIGHLIGHTS i> Iflß7 Turnover (Ss'm) 96.3 87.8 Operating profit before tax (Ss'm) 13.2 1 4#«4 Profit attributable to shareholders (Ss'm) 11.8 -> 84 Dividends (Ss'm) 2.8 NfcA Earnings per share basic (S cents)
      915 words
    • 188 20 VS.? srW Tl"? ,T r Empower your Finance Manager. Authorise him to upgrade to Real-Time Accounting. Trust his profusion* judgement. He wants to do his job better. He is keen to monitor the company's financial health en an ongoing basis, as sales take place and collections come in. He has
      188 words

  • Page 21 Advertisements
    • 524 21 a LASER PRINT LABELS Specially developed for ell <m» Laser, LED «ICS printers. Guaranteed high quality printing For small or large Jr* J printing quantity •In various 88 33 8 24 600 4691 96 5 «42.3 12 300 4692 sizes colours •No peeling off 210« us 2 so 4693 I
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    • 140 21 i A V A H i .«I -II il i i »*>•_•_■ (Miw iimw m B |'"i" ii"im»>. .1 i i il*° 'imita Prime Location (mmic» offm m witiif •ff*'tnili| It tiffin tkr iloaf mm intrrn«tioo<l koaki. iiiotil imitr (MM«ift. Tkr tiffin Plw «rr cltit (•■flfir to m"« tkf itlMd.
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  • Page 22 Advertisements
    • 59 22 This announcement appears as a matter of record only. May 1997 Hospital Pantai Berhad has disposed of its entire interest in Parkway Holdings Limited for *****,183,000 to ©DBS LAND DBS Land Limited The undersigned acted as arrangers on this transaction Rashid Hussain Deutsche Morgan Grenfell Securities Sdn. Bhd. (Singapore) Ltd.
      59 words
    • 59 22 Megan ambassY jKi IN r Your choice an exceptional property new address along KL's Ambassador Rom Tower Block or the 7-storey Shop/Office Complex, Megan Ambassy promises excellent rentals, business profits and impressive capital gains. for your bookings now! ■i MStSxBB M*| N» f CKMSS J7-J, lALAN V*Oj OOA MMMN, KM
      59 words

  • Page 23 Advertisements
    • 334 23 1t.... ,-c mm ;rHpp 1 a 1 1 r*i Only Apple has i the fastest notebook j It's more than just blinding speed. Faster than any laptop computer on the planet, and faster than Powerßook 3400 c is top-end, j have been waiting Uncompromised desktop-in-a-laptop power has arrived, powered by
      334 words

  • Page 24 Advertisements
    • 965 24 J—jHlfc VAN DER HORST LIMITED (Incorporated in the Republic of Singapore) Half-year financial statement on consolidated results for the six months ended 31 March 1997. These figures have not been audited. Latest half year to 31.3.07 Previous corresponding period Ss'ooo SS'OOQ lncreas«/(decr—se) Cfl Qfouo fill Group £fi fIUIB 1. (a)
      965 words


  • Page 26 Advertisements
    • 28 26 SFor real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe zaobao.
      28 words


  • Page 28 Advertisements
    • 84 28 Authorized dealers: IV A SXi /W INTRODUCING THE MOVAOO VIZIO: ly\yJ\f/\ I a POST-MODERN perspective on time. Chew Cheong Watch Centre Deluxe Eastern Watch m m 3 Vizio International Watch I——\ J Solid stainless steel or steel/18Kgokj. Td 533 0964 I M A J Scratch-proof hard metal bezel. Nanking Watch
      84 words

  • Page 29 Advertisements
    • 158 29 Our auto listings new of used car? Look a\ won't steer you to The Straits Times m Classified for the best T vVT wrong! deals on wheels. I"**! 4 Other loans available n—. r—i flßk Home Offices Shops Factories S3 B| Equipment Vehicles Vessels i Short Kfasy Share Loan A/v/v
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  • Page 30 Advertisements
    • 601 30 XasaxESSNotices IN THE MATTU OF THE COMPANIES ACT, CAP. 50 AND UN THE MATTER OF LAM ANN TRADING PRIVATE LIMITED Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company held on 18th June 1 1997 at 81k 2 Holland Ave *21-74. Singapore *****2, the following resolutions were passed.I
      601 words
    • 326 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SHAN CHUAN PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of SHAN CHUAN PTE LTD, duly convened and held at Lim Chu Kang Lane 9A, LCK 21, Singapore *****0 on the
      326 words
    • 213 30 To advertise call toll-free 1800-*****83 M THE MATTER OF THE COMPANIES ACT, CAP. SO ANO M THE MATTER OF TECHNOSTAR CONSTRUCTION PTE LTD (M MEMBERS' VOLUNTARY UQUUATON) NOTICE OF FWAL MEETMQ NOTICE IS HEREBY GIVEN pursuant to Section 300(1) oI the Companies Act. Cap. SO that the Flnel Meeting of
      213 words
    • 29 30 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.
      29 words
    • 48 30 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES [JyJ toe click, click |t^oS Business At an Internet computer near you Business crick Stocks click News dick Travel c/tck Sports c/ick Education dick E-mail dick Shopping dick It all atarts with (ne click http: //www.asial .com.sg gr-
      48 words

  • SHIPPING TIMES
    • 288 31 Bridge News SEVERAL Panamaxes were reported fixed both in the east and the Atlantic, but details were not always confirmed. The morning session was non-eventftil, the Baltic Freight Index, down 3 points, set the sentiment for the afternoon attracting fresh sellers for the summer, Clarkson Wolff said in
      Bridge News  -  288 words
    • 231 31 ;r jhu n m CWTOKMbuMan 1J0 -004 S3 CHuan Hup LO! -003 07 Cmc*M* U1 inch FrMoMLMu 0.43 *001 *2 MHMflnqs 0.74 OOOS 21 Hal Sun Hup U0I uncfi H2 HRacNZown 0.705 *0009 MCMMkH HK5.60 0.WS *0409 3 Jironq Shipyard 6.49 unch *7 MppMCarp US *020 M2 hppHflU
      231 words
    • 514 31  -  UK-based consultant however says market share will decline though growth will come from volumes By] Marcus Hand [SINGAPORE] Singapore and Hongkong will retain their status as hub ports for container shipping into the 21st century despite the development of other regional ports,
      514 words
    • 289 31  -  Traffic is increasing at 9% per amnim and port development is seen to need USsllb From Vivek Raghuvanshi in New Delhi FACED WITH congestion in most of its major ports, the Indian government has identified 21 of them for private
      FILE PHOTO  -  289 words
    • PORT Shots
      • 82 31 Reuter [OSLO] Norway's largest shipping company Bergesen ASA said last week it had sold the 143,000 deadweight-tonne dry bulk vessel, Barge Master, to a Greek buyer for US$l4 million (5H9.88 million). The vessel will change owners in August, Bergesen said in a statement
        Reuter  -  82 words
      • 109 31 Reuter [BRUSSELS] A dredging programme to deepen access to the Port of Antwerp so that the world's largest container vessels can dock will start in July, the Antwerp Port Authority said ina statement last week. The programme can now go ahead after Dutch legislative approval of
        Reuter  -  109 words
      • 76 31 A NEW Pacific deepsea container terminal is scheduled to be opened in March 1996 at the new Kochi port, in western Japan. The new terminal building, tentatively named the New Kochi Port Import Terminal, is under construction, Llyod's List reported. When the terminal building
        76 words
    • 133 31 Bloomberg [MELBOURNE] TNT Australia Pty Ltd, a unit of Royal PTT Nederland NV, won the contract to manage Victoria state's Port of Hastings, the government said. TNT will manage the port for a minimum 10 years with an option to extend the contract
      Bloomberg  -  133 words
    • 168 31 Bernama-Xinhua [HONGKONG] Hongkong's status as a cargo shipping hub will remain unchanged after it returns to China on July 1, thanks to continuous inflow of overseas capital to Hongkong and the interior area. This was stated by Zhang Dachun,
      Bernama-Xinhua  -  168 words
    • 346 31 Bloomberg [WASHINGTON] The new head of Japan's port association, on his first day in office, has vowed to resist efforts to reach a compromise aimed at settling a lingering dispute with the US over Japan's maritime practices. Mutsumi Ozaki, president
      Bloomberg  -  346 words
    • 961 32 PARIS Am SHOW: AIRBUS INDUSTRIE Airbus shows vision of travel on its planned 600-seat A3XX, which is still long on fantasy but short on funding Bloomberg ONE of the more entertaining exhibitions at the Paris Air Show is a film produced by Airbus Industrie to
      Bloomberg  -  961 words
    • 266 32 PACE Ethiopian 6 AC L Eurohans 6 AIM. 3 Evefgrew 6 Accord 12 1 Appenship 5 Fl-Bright 6 Astro 3 FoongSun 12 Austral II 6 Link 4 Avant 6 Gemartrans 13 BSA r Genshpg Batamindo 7 Gtobrtink 7 B'tanq Mas 12 Golden 12
      266 words
    • 16059 38 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage SIN Oest'n Nam* Mm Number Number SIN Oest'n Name Name Number Number To BUENOS AIRES (BUE) 2060 A Argentina "lb ABIDJAN (ABJ) 2003 I 25/0* 19/07 CSAV IKARUGA 0I1S *5-*****55 I Ivory Coast, Cote D'lvoire
      16,059 words
    • SHIPS IN PORT
      • 716 45 Vmm4 Voy No Berth Arrival Departure *r»ada 5 S «M«M* 23 06/1400 MtsM«2 970* JOt akm«M* 23 06/2300 at P Trior *****7 JOt 24.06/0600 Dtm S«W 06* J12 alonqsid* 23.06/2300 GoMMtfarawr «1 J6 <to*«sidt 24.06/1500 Mattara 6 92 J03 alanplda 23.06/2330 KM* MtrtH OOIS JOT atonfsid* 24.06/1SOC SM
        716 words
      • 1808 45 RECEIVING Of EXPORT FCL CONTAINERS AND La CARGO Boofchf/laliNct Rstls Ship Voy Mo Ett/ttf Nrtoi Frw To fw «M* 707* 24/2199 M 23/1900 23/099 21/000 23/BOO 21/099 2VOOO U 2VTOC 2V0499 24/090C a 23/1700 2V0451 24/0900 1 24/0700 IVW9 2VMM AaUililr MM HM M 23/B00 a/099 21/BOO 21/1900
        1,808 words
      • 175 45 Ml Canada: Canada Day. M 4 United States: Independence Day. MM France: National Day. United States: Independence Day. Jallß Brunei: H.M. The Sultan's Birthday. Jul 17 Brunei: Maulud Rasul. Indonesia Birthday of Prophet Mohammed. Malaysia Brithday of Prophet Mohammed. JMI2I Belgium: National Day. Egypt: Revolution Day. *Ml Switzerland:
        175 words
      • 883 45 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
        883 words
      • 381 45 Cartoa ISO Mai 992.9 0.S 16.0 0.00 69 0.07 OmaKy Wataf IwMw tat Si««1 No abow 125 2 0 1 0 0 0 360 Aw 966.9 0.2 12.5 0.07 38 0.02 turn 300 Mai 9913 1.0 I7J 0.12 M 0.09 «*ri »N/M »Mrf» mi mrntt Ho
        381 words
    • AIR & LAND TRANSPORT NEWS
      • 566 46  -  Main benefit wfll be to eventually feed passengers to destinations in Europe and the US via S'pore, says chairman By Felix Chan [SINGAPORE] The inclusion of Singapore Airlines will strengthen Ansett and Air New Zealand's "bedrock" alliance and help nurse the Mel-bourne-based Ansett
        AFP  -  566 words
      • 372 46 FT [PAßlS] Lionel Jospin, the French Socialist Prime Minister, favours a merger of the country's two aircraft makers, state-owned Aerospatiale and private sector Dassault, to create a national champion in defence and aerospace. He also backed calls for Airbus Industrie to be converted
        FT  -  372 words
      • 270 46 Bloomberg [CARACAS] British Airways and other European carriers are expanding or considering expanding service to Venezuela in the face of increased passenger demand and the collapse of Venezuela's international carrier. British Airways said it's considering adding a third weekly round-trip
        Bloomberg  -  270 words
      • 120 46 Bloomberg [TURIN, Italy] Fiat SpA said it has found a partner in India to build its Palio model, and that It is in talks with two companies to build the car in China. Speaking at the annual shareholders meeting of the Italian car maker, chief executive
        Bloomberg  -  120 words
      • 277 46 Bloomberg [MELBOURNE] Holden Australia, a unit of General Motors Corp, said its annual export revenue could more than triple to Asl billion (551.07 billion) within a decade as the carmaker seeks to expand beyond the limited domestic market. Holden Australia
        Bloomberg  -  277 words
      • 443 46  -  Official notes overcapacity in Asa only restricted to Japan, Sooth Korea Byl Christopher Tan [SINGAPORE] Ford Motor, the second-largest carmaker next to GM, is confident of doubling its share of the Asian vehicle market by 2002, according to a company
        443 words
      • 234 46 Bloomberg, Reuter [WELLINGTON] Air New Zealand said it will join Air Canada, Canada's biggest airline, in an alliance that may include code-sharing and aircraft exchange. The agreement will allow reciprocal access to frequent flyer programmes, timetable sharing, aircraft exchange and, "subject
        Bloomberg,; Reuter  -  234 words
      • 1494 46 CITY FLIGHT ETA fllCHT ETP AMNi oral 1930 Of82 2055 GwoQihoo SO0O3 1905 CZ3S4 0925 S0229 2228 SO0Q4 <020 AmtKttM SO327 0605 GA892 0030 Hanoi VN745 1300 VN744 MOO GA897 1045 K1844 0040 WIMt OW WHI W0 KL837 1455 KL838 2300 Hat Yal TG407 2105 TG408
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  • Page 31 Advertisements
    • 16 31 Sights set rathe supeijumbo Airbus shows vision of travel on its planned 600-seat A3XX. Page 2
      16 words
    • 301 31 Tie-up with SIA a boonto Ansett The alliance can help the airline recoup from poor earnings. Book Page People IgJ® Ronald Bergman, chairman of Sweden's Nordstrom&ThulinAß, has taken over from FHdt)of Lor wiliw i as president of the Baltic and International Maritime Council (Bimco). At the same time, Philippe d*
      301 words

  • Page 32 Advertisements
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    • 562 32 Unes sendees represented (ffENh by Members <* the Registry of Member of the Accredited Shipping Agents. Singapore Freight Forwarders' S pore National Shipping Aaaoc Allocation. K IAL Container Line (UK) Limited 4s Aoonts Marine Transport Resources tS' Pie Ltd Tel 223 8380 Fax 223 8387 For Premium Service Call now
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  • Page 33 Advertisements
    • 1141 33 PAOFK SOUTH WBT EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA LAX/HOU vcsa wt na swre lawnp ux pot mm o* nyc I m hou Not Isa AfITHMUMD 014E 23/06 25/06 26/06 11/07 15/07 16/07 16/07 17/07 17/07 16/07 16/07 11/07 AfIFWPftC 0141 31/06 02/07 03/07 lt/07 22/07 23/07 23/07 24/07 24/07
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    • 2080 33 HANJIN SHIPPING USA CANADA* iumham/vot oam aw g m m ro> 100 en om Irn \m 1«m 1 pqs |wk cm m|m |m |m nommnm 25/ m m/o* _jt/m m/m_ _m/m_ 20/07 »/o y 22/07 n/o; 22/07 a/py n/o; 22/07 »/o; 23/07 *****" a/M n/07 n707~ 21/57" KSWHmwsmoo* 02/07 Q3/m
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    • 62 33 ORIENT EXPRESS UNES (U.K.) LIMITED g-IfSg, (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VOY SWGAfOKI IQWIAY VtSSH VOY IOBMAY SWCATOtt OOCL ADMIRAL 002 3Q/Q6 09/07 NQRDKAP 411 13/06 21/06 TBA 04/07 12/07 SINGAPORE OFFICE: MUMBAI OFFICE■Si stzsrvift?" sxJreritiL. DOOWNGS: *****57/ *****26 P« onaTCa ■I J.'.TTI FAX NO: Mktg
      62 words

  • Page 34 Advertisements
    • 1443 34 <CT DSR-SENATOR abb Round the World Container Services TOUK/CONTINKOT FROM UK/C ONTINENT VtMtt |»OT~ W WM IMW I HAM IPU j AMT LHA~"l|tttt*l WT LHA BTM |w>» IhAM FU l/wT W HONGKONG SOUTQfI WF7M SN 17(7 It 17 I«J7 ».17 18.57 *317 CHOVAMG SUCCESS EF727 01 M MM KM MM
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    • 1113 34 I NORASIAI VESSEL VOV SM OOA LAS BCL VAL ALO HOT ROC ANT FEL LMA BBCMFABA 8724-3 2M» 11*7 IM7 US7 2207 2M7 IM7 24/67 17/17 IU7 IM7 I NOR SM6A »72W 82*7 IMB 17*7 IMB 2M7 3067 2*67 31*7 24*7 25*7 23*7 MSCJANME 972 M W2M7 24*7 2W M
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    • 494 34 Ig&IJESSELTON UNE Br A. TILi ***** M NUb *****37 MUARA I LABUAN I vissa voy n» eu vosa vor n» eu STOtl NIMU SPOM UN ontaoiY vm/17 su 25/00 mourn vi*/i7 sm 20/00 jp*ospb vi si/17 20/00 ii/« 7 jrtosret w«/»7 20/00 «/»7 «rnaonr vim/17 02/07 os/w tfttaarr vim/97 02/07
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  • Page 35 Advertisements
    • 1378 35 IVKBSKL VOY WW POU PKO PCH JKT IA BIK IRAN OHEYAMAT PJL-1238 21/06/97 01/07/97 WMNYAMIN PJL-1220 10/08/07 20/08/97 IRAN MOBIN PJL-1240 08/08/97 03/08/97 09/08/97 19/08/97 17/08/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN, UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TAOZHIKISTAN A GEORGIA VIA B.
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    • 1269 35 1 jHuuniMmMMifltHni, I MHMM 111 MTIV HMCM (14 MIS) I I SINGAPORE'S GENERAI AGENTS: 6 SHENTON WAY TEL 22* 1900 FAX: *****0S OUTWARD (l/L) *****02 JOHORE OfFKE: <P*™: SNIffIMC m LIP SALB/mcs 4»S«I/43 INWARD DOT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BND *****50/55 T/SHPMT PtPT *****25 TEL §2-07-35 *****
      1,269 words
    • 441 35 —I /7JL PERKAPALAN DAI ZHUN A TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX. (65) 533 2952 /KBCBIMB-fASTtST TBAMSIT/ MUAMA-MtKHUTY BiKTB HO CMI MIMIhBtBKATtB ~A OHO '7135 24/06 GUOO t7SS 26/04 GWUAJ A 5247 29/06 AfPU t72IJ .26/06 GITONG 9732 29/04 GWOCI
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  • Page 36 Advertisements
    • 1362 36 rSSpI ROM ARW HOG TUP ZEE LHV LHV THP ROM AMW HOG PKL SGP E REACH WMI4 2UI IM7 017 10/07 21/17 22/17 23/17 E. GARLAND RE-MO 01/06 04/N 03/00 Ml Ml 3MO 01/07 E. REWARD RW-024 08/07 29/07 3M7 20*7 20/07 20/07 **7 E. SAIN RE-060 01/01 11AO 10/00
      1,362 words
    • 1098 36 1^ ytssa votagi KrmiuuuowMMiwTw vissa votagi dm jm aw mm oah sot I M COMBO 04AI-03SW 24/0* o*/07 04/07 07/07 o|/07 09/07 07/07 10/07 UN OMUtO 04SM29E 14/0* 17/04 30/04 I IMCONCOm 0442-03MH 03/07 13/07 13/07 IW IVO7 14/U 14/07 17/07 UHI QUIT *****39E 71/04 72/0* 73/04 24/04 2S/04 07/07
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    • 459 36 /CZI NANTAI LINE FIIiLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL I VOT I SM I PUU I nut CPT~ wottf OISS 27/04 06/07 11/07 lt/07 RAXUM fBBCESS 01SS 05/07 It/07 23/07 mrauQuai 021s 13/07 mi 30/07 a/07 mm rung oits 27/07 10/01 m/w WAOTUVaUS 02IS 07/08 li/« 24/ M
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  • Page 37 Advertisements
    • 722 37 BSA jl M MYANMA WBk FIVE STAR LINE y (Mymmr Natioaal Um) Looding for Yaajoi (RangooH) VISSII VOY SIN PRG KN FGU PAGAN 244W SID MDON 142W 21/0* MALAYSIA AGCNTS: MUSTIAO SHIPPING AGfNOIS KIM: HI 02-43-*****00 PKL TH 02-03-37M101 PEN: Tft 02-04-*****02 PGfc TH 02-07-*****2 J/4 BANK LINE (A ttrvict
      722 words
    • 1175 37 A HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 IviSm I VOY SI UM RIM AMI MM Itf fB. HY H4GHNISS IOSW 22/00 I 09/07 10/07 12/07 12/07 I J/07 IS/07 NYIARON 307W 29/00 I 10/07 17/07 19/07 19/07 20/07 22/07 HY EMPfROR 30AW 00/07 I 23/07 24/07
      1,175 words
    • 606 37 FAMOUS CONTAINER UNES Tiy 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 y HOT LINE: *****33 (30 UNES) FAMOUS LOGISTIC (M) SDN. BHD. (Co. no. *****P) NO. 30 LORONG CEMPJjNING ***** PORT KLANG, SELANGOR DARUL EHSAN MALAYSIA TEL: 603-*****33 (20 LINES) FAX: 603-*****33 (05 UNES) COMPREHENSIVE SAILINGS TO AND FROM PORT KLANQ
      606 words


  • Page 39 Advertisements
    • 49 39 To retrieve more schedules, just follow these simple steps... document gft jj 740-6000^^^^^i tep JEyrill be faxed -JT fkA the port your Step key in the four number AjA digit code Key in your Exampto: r-i-, fax number To NEW YORK (NYC) 2275 for calls within Singapore United States
      49 words


  • Page 41 Advertisements
    • 467 41 W#®ldjf LCL A FCL m rODICB l S*rvk« lo Caribbean W |TmiTi»i" J A Central America APIIHAIAND API PHUPWNES 014E 014E Port Country 25/06 02/07 j Belize City Belize 29/07 05/08 Bridgetown Borbodos 01/08 08/08 Cartagena Colombia 31/07 07/08 j Castries St Lucia 31/07 07/06 Fort de France Martinique 01
      467 words
    • 1147 41 ADVANCE CONTAINER LINES (PTE) LTD API 140 CacU Street, #12-00, PIL Building. Singapore *****0 M V Lai TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********06 MAMOKOk I iAiLLIfI I ta PAT. »lalltai ta WT. 2 SatHeji ta LCH) l k r ll S«SAMUT SRS3IS 1 25/06 128/06
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    • 725 41 VtSStLS W I JB? P» Iffl HAM HTM TMP ANR VMEOEOEMMA H2OW 2W 04/07 08/07 18*07 16/07 jj ~~IW 2VO7 Y2QW 30*06 1007 12/07 21/07 22/07 24/07 26/07 fj&fi VILEOEVBA YXH4 06/37 Wg 16*07 27/07 28/07 30*07 31/07 ov» V*-LE 06 CAPBXA T2IW 13/07 2V07 2S/07 03AM 04/06 06/08 07/08
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  • Page 42 Advertisements
    • 1450 42 ■AMOKOK PT KILAMQ VESSEL VOV SIN PKK VESSEL VOY I SIN I PKL BAN! BHUM 81N Tua In Pt St IM> BUNQA SEROJA 7143 Tua In Pt Wad 2SAM MATHU BHUM" 336N Wad 23/06 Sat 28/00 BUNQA SEROJA 7145 Thu 26/06 Frl 27/06 XETHA BHUM 207N Thu 26AM Sun 28AM
      1,450 words
    • 827 42 A ACCORD MM SHIPPING PTE LTD 22J3JJ6 (40 Lin*«) FAX *****44 MT KLAMG (03) i 47 1001 Mm M MRia Acass m: *****57 (iXKMT 8OOKINO) HSM OUDAMC (OMSIIV/ *****87 (KXFORT DOC), *****64 (IMPOST) KNANG (04)53t144t UOUHYTF://WWW.ACCOED.COM.SG UJUJtIA (i\)MO77Q MM HA SIN "pow ETA SIN POUT ITA SIN FORT ETA SIN
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  • Page 43 Advertisements
    • 605 43 SINO EXPRESS SHIPPING Jfjf] 11 COLLYER QUAY #06-01 THE ARCADE fSINOTRANSI J S (*****7 J.TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEI VOYAGE ETA SIN ETAHKG ETA SHA 600 D LUCK 9716 27/06 02/07 06/07 I NEW HAIHUNG I 9704 04/07 09/07 13/07 GOOD WELL 9718
      605 words
    • 244 43 SStoK M UNL^nc ~IV/Y~J QWWO»IMI«TWBBM SI8U: (064) *****9 MAMLA: (632) *****61 W PENANQ: (Of) *****6 BANGKOK: (102)*****07 SURABAYA:(3I)2OI66O P. KELANQ: (03) *****77 JKT. {M) *****07 MDN <01) *****3 EX PORT KELANG TO HONGKONG MV "GLORIA l" V.723N ETA PKG 29-6-97 BKG CALL: HIKW/ VIVIN/CHKIYL 111 (03)*****77 I BRISBAME/SYDNEY/MELBOURNE AUCKLAND MV
      244 words
    • 159 43 I SEA CONCEPT 30A36 Rdm/Atw/UK/Nan I SAMMI FORTUNE OVO7 RdnVAtw/UK/Nan I ■sv TRADER 15/07 2<VO7 NarVßdnVAtw/UK I MURATKJRAN 25/07 28/07 Nan/RdnVAtw/BnvVUK I J' LoH» E7W. Ml«y»a. mdoneau I SAM Mi FRONTIER Hodeid*VJed<fettAqaba/Egypt I ■pan CRYSTAL Dubai/Bahoun/DarnmaiVKowart I leopard 1 Aoen/JeddafVAoaba/Hooetdah I ■sea RESOURCE I Tjoada Singapore. E7W. Mataywa. Indoneaia I
      159 words

  • Page 44 Advertisements
    • 655 44 Shipping Times Centre Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. !9nnnninnflHi i wmm ■■■■BHfIHHHHi <mnß Call 740-6000 Press "1" key in Document
      655 words

  • Page 45 Miscellaneous
    • 125 45 I^l^ LEGEND: R Thunderstorm Temperoture c A y Shower Weother —S Wind (fraction with speed m knots i Ro«n Cloudy Sky Wov h Serfoce winds or* mdicoted by arrows which Ny with the wind One Ml circle represents colm or light ond variable winds 1 One half Heche represents 5
      125 words

  • Page 46 Advertisements
    • 50 46 to its expansion invites applicants for the following positions:- I A) SHIPPING CO-ORDINATOR IB) SHIPPING CLERK REQUIREMENTS:- 1 Minimum GCE 'O' Level or its equivalent I Preferably with experience and must be computer literate I Interested applicants, please contact I Ms Julia at Tel: 270 8420 or 270 0352. I
      50 words