The Business Times, 9 September 1997

Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) (123/12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, SEPTEMBER 9,1997
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  • 66 1 Qsrn *****3 (+7.87) BT-SRI 92&36 (+14.18) BTCOMP 1783.71 (+38.37) BTMGA *****0 (+20.01) HKABKET MOOD: Mixed STOCK MARKET INDICES Monday Change Kl-SK COMP 879.71 +58.12 NIKKKf 18,***** 16.31 HANG SKNG *****.49—+***** SCT INDEX ***** +3131 JAKARTA qOMP 600J? 1 +610 MANILA COMP 1106.58 -164 TA1PK1WP1 9,***** 233.44 SEOUL OOMP
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  • 502 1  -  Central bank data allay concerns over gha rfl-fina nring, property exposure By Meera Tharmaratnam, Eddie Toh in Kuala Lumpur MALAYSIA'S central bank yesterday released figures showing that banks' exposure to the property and share-fi-nancing sectors are well within limits, further underpinning the stock
    Source: Bloomberg  -  502 words
  • 187 1 [SINGAPORE] The complexion of the battered regional equity markets improved further yesterday, lifted by a rush of liquidity that propelled Malaysia 7.1 per cent higher and Thailand almost 6 per cent. Here, the Straits Times Industrials Index rose for the fifth consecutive session, adding 7.87 points
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  • 547 1  -  Currency crisis prompts Bukaka Teknik to seek Foreign Board listing By\ S N Vasuki [SINGAPORE] The regional currency crisis has led Bukaka Teknik Utama, an Indonesian infrastructure company, to approach the Stock Exchange of Singapore (SES) to list its US$45O million
    Source: Pasia Securities  -  547 words
  • 71 1 EXCHANGE RATES US$ SI US$ 1-606 t 1.589 1393 DM 0.567 0.838 YEN 100 0.828 1146 MS 0345 0-519 HKS 0.129 0.194 BAIff 0.029 0.044 Rl'PtAH 100 0 034 0.062 PRIME RATES SINGAPORE* *44 Kl'ALA LIJMPtlR 9.30 JAKARTA 18.00 BANGKOK 1«5 MANILA Ha® HONGKONG..... A75 TAIPEI M® SYDNEY TOKYO
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  • 416 1  -  Operations at Manila branch and Philippine bank will be merged By < Conrad Raj [SINGAPORE] The Development Bank of Singapore (DBS Bank) is speeding up its banking operations in the Philippines by buying a majority stake in the Bank of Southeast Asia (BSA), a
    416 words
  • Page 1 Advertisements
    • 149 1 prams Manufacturing output op 7.7% in July Singapore's manufacturing output rose 7.7% in July. Economists attributed the better showing to continued electronics recovery and a sharp jump in the output of chemical products, Pg2 Hie Property Cotnmn Lee Han Shih on why PSA should pay a development levy, Pfr4 I
      149 words
    • 84 1 REUTER Bain man [KUALA LUMPUR] A Malaysian technician checking an atomiser attached to the taiUnd of a plane before it took off to seed clouds above Kuala Lumpur yesterday. The Malaysian Meteorological Services Department is conducting a week-long cloud seeding campaign in the hope of getting rain to wash down
      84 words
    • 65 1 More mergers call, Pg 10 Marketa in Turmoil: More reports, Pg 7 The Living Legend vflelßp World Premiere: Minute Retrograde lumping Hour Classic Retrograde Collection gerald genfa THE HOUR CLASS Takashimaya Shopping Centre Tel: 734 2420 Scotts Tel: 235 6527 Lucky Plaza Tel: 733 1262 Centrepoint Tel: 734 1598 Peninsula
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  • SINGAPORE AT HOME & ABROAD
    • 357 2  -  Electronics recovery, sharp jump in output of chemical products are key factors Ry, Audrey Tan CONTINUED electronics recovery and a sharp jump in the output of chemical products pushed overall manufacturing output up by 7.7 per cen*-in July. Economists said July's figures signal
      Source: EDB  -  357 words
    • 292 2  -  Tampines Finance Park sites won by Keppel Bank, Frisian By. Ang Wan May THE Housing and Development Board (HDB) awarded tenders for eight sites yesterday, including two sites in the Tampines Finance Park. Keppel Bank was awarded a 2,562 sq m site at
      292 words
    • 234 2 CALLBACK operators who claim that their calls have been blocked or scrambled should take up their complaints with Singapore Telecom since they are SingTel's customers, the Telecommunication Authority of Singapore (TAS) said yesterday. Last month, BT reported that callback operators have been experiencing a
      234 words
    • 66 2 SENIOR Minister Lee Kuan Yew was discharged from the Singapore General Hospital yesterday afternoon as his condition had improved, a statement from the Prime Minister's Office said yesterday. SM Lee, who was admitted on Saturday for an acute respiratory tract infection involving the sinuses, will
      66 words
    • 431 2  -  By Ronnie Lim MOBIL is "diligently working" on its plan to invest in a multi-billion dollar petrochemical plant here, but has not reached a decision yet, said its chairman Lucio Noto. But the indications are positive, as the clear message from the
      ARTHUR LEE  -  431 words
    • 320 2  -  EYE ON THE ECONOMY Commerce By\ Frances Lui FOOD and beverage (F&B) revenue fell for the fourth straight month by 0.8 per cent in June to $141.4 million. For the first six months of the year, Singapore's 1,071 cess-paying food and drink outlets had
      Source: STPB  -  320 words
    • 306 2 THE Government will invest a few "hundreds of millions of dollars" in research and development (R&D) on materials engineering over the next 10 years. A major portion of that investment will go to the new Institute of Materials Research and
      306 words
    • 256 2 NEXT month's International Council of Shopping Centres' (ICSC) Asia-Pacific Convention and Trade Exposition will be a good time for regional retail players to discuss solutions to the tough times faced by the industry, the convention committee's chairman, Liu Thai Ker, said yesterday. The
      256 words
    • 234 2 THE Telecommunication Authority of Singapore (TAS) yesterday said it has slapped the maximum fine of $5,000 on Mobile One for unauthorised radio transmissions on a GSM channel. TAS has also warned Ml for a separate incident involving the sale of SIM-locked mobile telephones. TAS
      234 words
  • Page 2 Advertisements
    • 75 2 qss theze anyplace south ajj (<ploncj to get authentic Cantonese cuisine? -Of course. Sauour the exquisite flavours of traditional Cantonese dishes, preixirtxl Ihj oar team of master <h efs from Horxj Kong at the au>ard-winnin<y Wcrfi Lok Cantonese Restaurant. A inemlMr <)f Curium Hotels Am kUiixt tirisJxute Xk'llnMirne Nili<j<//x >r<
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    • 126 2 Financial Controllers: Are you playing golf these days, or still struggling balancing the hooks? Unless you have moved to Realtime Accounting, chances are very good that you are still spending all your free time in the office. Companies who have moved to FACT are y m I enjoying much higher
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  • Page 3 Advertisements
    • 341 3 1111 l Centennial tew 'Persistence of Electrical Nymphs in Space' by lames Rosenquist at Lobby Tower Mi 1H |B HERE MAN'S ART INSPIRES MAN'S ACHIEVEMENT ;hSJ ■■il')i,!v BSfl!^ 'Inspired works of achievement, genius and imagination* fittingly is an awe-inspiring work of art in itself. Endowed with such 111 describe the
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  • FOCUS: PROPERTY
    • 687 4  -  THE PROPERTY COLUKM An exemption would go against the spirit of turning ft from a stat board into a corporation By Lee Han Shih ON AUG 18, the Keppel group and the Port of Singapore Authority (PSA) jointly announced plans to redevelop a
      687 words
    • 435 6  -  It will spend USs3oom to build new flagship for its property portfolio By Quak Hiang Whai [HONGKONG] HONGKONG Land yesterday said it will redevelop the 35-year-old Swire House at a cost of some US$3OO million (Ss4so million), a move which will maximise the value
      435 words
    • 432 6  -  Brisk sale prompts Pidemco venture to market rest of nnits By Diana Oon [SINGAPORE) Keen buying interest in Singapore has led developers of a condominium in Kuala Lumpur to launch the project here before even selling it in Malaysia. Government-linked Pidemco
      432 words
  • Page 4 Advertisements
    • 297 4 II ®Bjf mm. V I 1 |ij fti nrolp I BfflnfS 1 ®f w mmmm 6ottn Shoe Car Port* f Located in the heart of Ji| I Raffles Place Jh I uoe Close proximity to .;r JJBjfc I Raffles Place MRT 2L* to,wt V\ I P rt °v T-\ #OUBOrt»
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    • 221 4 COLLECTIVE SALE BY TENDER LARGE FREEHOLD RESIDENTIAL SITE AT DUCHESS AVgtfUE Legal Description Lot 4281 MK4 \V\ mhoml junok Land Area 107,118 sq ft y\ couhi wejErwaHnVX Plot Ratio/ m*y nv\ Height Control 1.4/ up to 4 storeys WM >V\ Wk $C XX Elevated Site L I Exclusive/Prestigious neighbourhood Walking
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    • 18 4 ®r LOOKING FOR YOUR SPOT ON THETEAM? Look to the employment section of The Straits Times Classified. I
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  • Page 5 Advertisements
    • 486 5 CPUS BANK i I^H *«V» mm cIMW to you i»d.«*«b_ I Onlu* BwAif| j^^H I »bw*ZnSC 0 ij We're now even closer to you I 10 Great Benefits of DBS Internet Banking It's Your Own Bank It's Worldwide Accett You've instant access to up-to-date information on most of As long
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  • Page 6 Advertisements
    • 290 6 ft v ■EL J* 1 B M| **i£*"?l^i lf V; Ever told a customer you had plenty of stock, |B fl PnM .jjIBI I i on/y to discover your inventory sheets were m N out of date? Or ordered extra supplies of jfl I 8 >. a particular product only
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    • 192 6 Meiban Industrial Building Brand new modern 7-storey industrial building Strategically located near Pay a Lebar MRT Station High specifications with extra-high 6-m ceiling Separate lobbies for 4 cargo 3 passenger lifts 24-hour security Available space from 10,000ft 2 to 62,000ft 2 Top expected in September 97 For further enquiries please
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  • MARKETS IN TURMOIL
    • 364 7  -  Govt also imposes exchange controls, relaxes banks' «»jJi reserve requirements From. Harish Mehta in Bangkok THAILAND unveiled a string of new measures to restore confidence in the economy, imposing tough guidelines to allow suspended finance firms to resume operations and easing cash reserve
      AFP  -  364 words
    • 353 7  -  From. Al Labita in Manila Philippine currency edged up yesterday against the US dollar following the softening of average yields of Treasury bills (T-bills) and the banks' prime lending rates. The peso notched an average of 32.08 to a greenback from Friday's
      REUTER  -  353 words
    • 199 7 AFP [MANILA] Philippine Central Bank governor Gabriel Singson said yesterday that he will seek police help to track down the sources of rumours that some banks had financial difficulties. "We will get to the bottom of these rumours with the help
      AFP  -  199 words
    • 430 7  -  ABB unlikely to sue BHEC shareholders, say bankers From Meera Tharmaratnam in Kuala Lumpur IN THE lastest twist to the Bakun dam saga. Ekran chairman Ting Pek Khiing has announced a new contractor to replace the Swedish-Brazilian consortium that he sacked last
      430 words
    • 506 7  -  But outlook for banks bearish largely due to higher interest rates Byl S N Vasuki {SINGAPORE] Senior executives of Indonesian listed firms were cautiously optimistic yesterday and said the recent currency crisis would only have a limited, short-term impact on their operations.
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  • Page 7 Advertisements
    • 192 7 US, UK funds wary of Asian equities, Pg 18 S-E Asian demand for base metals seen slowing, Pg 20 Perhaps it's the way we move for you. In this fast moving corporate world, isn't it nice to know there's one corporate venue that moves just as fast? The 5-star Marina
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    • 46 7 O Z 5 a B rsj r^g_pi^^^-\ Available at BOSS Shops at Ngee Ann City and Suntec City, and at all authorised retailers Exclusive Distributor: BMI Re Ltd Tel: 737 3786 Service Centre Showroom: BMI 6B Orange Grove Road Tel: 737 3566 f I BENJAMIN GROUP
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  • Page 8 Advertisements
    • 822 8 /W afW^ We are pleased to be awarded the Approved International Trader (AIT) status by the Singapore Trade Development Board cm. n THE COMPANY Message from Mr. S Chandra Das, WILSON IMPEX PTE LTD is a private registered Company since 1981 in Singapore with a BdCkgrOUlld Oil the Chairman of
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  • Page 9 Advertisements
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  • SOUTH-EAST ASIA
    • 454 10  -  KUALA LUMPUR Central bank says it will offer new perks for Tier-1 institutions By Meera Tharmaratnam MALAYSIA'S central bank yesterday stepped up calls for mergers in the banking and insurance industry. After a meeting with senior executives of the industry,
      454 words
    • 346 10 BANGKOK Prime minister accused of leading country into bankruptcy AFP THE Thai opposition yesterday dealt Premier Chavalit Yongchaiyudh a fresh blow when it submitted a stinging censure motion to Parliament accusing him of leading Thailand into bankruptcy, officials said. Opposition leader
      AFP  -  346 words
    • 260 10 MACTAN, Cebu No 'open skies' pact yet with S'pore, says transport secretary Bernama THE Philippines will push for a liberalised air policy instead of "open skies" in the air pact negotiations with Singapore on Sept 23. Transportation and Communications Secretary Arturo Enrile said
      Bernama  -  260 words
    • 68 10 [KUALA LUMPUR] A Malaysian saleswoman displaying two limited edition Vision 2020 watches bearing small portraits of Malaysian Prime Minister Mahathir Mohamad during the United Malays National Organisation (Umno) General Assembly at Putra World Trade Centre in Kuala Lumpur on Saturday. The watches cost M 51,360
      REUTER  -  68 words
    • 279 10 ■PENANG Bernama PENANG is not adrift and its industrial base is not languishing, Penang Chief Minister Koh Tsu Koon said yesterday, rejecting the scenario that Asiaweek magazine has painted. On the contrary, Mr Koh said the Malaysian Industrial Development Authority (Mida) has approved M 53.2
      Bernama  -  279 words
  • Page 10 Advertisements
    • 119 10 However much you entrust to us be sure of our full commitment. wr j^flflQjr Mfr Private4t Bonking With our 125 years of experience in Private Banking, you can rely on personalized service and a tradition of wealth management and preservation spanning generations. That may sound conservative. But it can be
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    • 206 10 oGold6fl Hotel JAKARTA INDONKSIA A 4-star International hotel system with 360 0* appointed rooms (Standard, Deluxe, Executive C"* 3 with 17 channels to pamper our guests. J SERVICEAND FACILITIESJ h Golden Executive Sporting Club 0i r ft Til (sauna, gymnasium, semi in-door swimming pool, a place that provides busy executives
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  • CHINA-HONGKONG-TAIWAN
    • 489 11 BEIJING Reuter CHINA, recalling how a similar address slipped out five years ago, is taking extraordinary measures to prevent leaks of a policy speech to be given this week by Communist Party chief Jiang Zemin, sources said yesterday. Party officials have painstakingly
      Reuter; AFP  -  489 words
    • 380 11 HONGKONG Appointees, to be announced later, will form part of court's non-permanent panel AFP TWO British judges will be appointed to Hongkong's Court of Final Appeal which replaced the British Privy Council after the handover, it was announced yesterday.
      AFP  -  380 words
    • 273 11 TAIPEI Exports up 4.2%, imports jump 10.1% year-on-year AFP TAIWAN'S trade surplus in the first eight months of this year slumped 45.9 per cent from a year ago to U554.34 bUlion (556.5 billion), the finance ministry said yesterday. The
      AFP  -  273 words
    • 238 11 HONGKONG AFP CHINA plans to supply Thailand with electricity upon completion of an 8.2 billion yuan (SJI.S billion) Sino-Thai hydroelectric plant project in south-western Yunnan province, a news report said yesterday. A Sino-Thai feasibility study on the construction of the Jinhong hydroelectric
      AFP  -  238 words
  • Page 11 Advertisements
    • 178 11 SONY IF YOU CAN'T APPRECIATE THE BENEFITS OF A 10-BIT VIDEO D/A CONVERTER, NOISELESS VARIABLE SPEED PLAYBACK AND A DUAL DISCRETE OPTICAL PICK-UP SYSTEM, THE NEW SONY DVD ISN'T FOR YOU. fl I S^«>a&Hßß»K3g The new Sony DVD isn't for everyone. It's o mochine thot highlights nuonces most people won't
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  • ASIA
    • 178 12 SYDNEY AFP PRIME Minister John Howard ■forecast yesterday that Australia's stubbornly high unemployment rate would start falling next year as a new survey "showed job advertisements at a 20-month peak. The ANZ Bank survey said Jbb advertisements had •jumped by 10.5 per
      AFP  -  178 words
    • 269 12 TOKYO Hell get 2 more years to carry oat financial market reforms Bloomberg, AFP. Reuter ;;JAPANESE Prime Minister Hashimoto, who's staked his career on trans--,'fbrming the nation's financial and shrinking the government, will get another two years in power to carry out his
      Bloomberg,; AFP.; Reuter  -  269 words
    • 354 12 SEOUL Group seeks to retain management control in move to avoid bankruptcy Reuter SOUTH Korea's struggling Jinro Group said yesterday it had filed applications with courts to protect six affiliates from creditors and allow current executives to continue to run the companies.
      Reuter  -  354 words
    • 72 12 [DHAKA] Students laying flowers at portraits of Mother Teresa at a makeshift altar outside Dhaka s National Press Club. Mother Teresa's death has sent a wave of sadness across Bangladesh, as elsewhere in the world. Yesterday a member of the Archbishop of Calcutta's staff said Mother Teresa would
      REUTER  -  72 words
    • 370 12 TOKYO Sokaiya probe now extended to all of Japan's Big 4 houses AFP CRIMINAL probes into Japan's "sokaiya" scandal have spread to all of the nation's "Big Four" securities houses, press reports said yesterday. The Tokyo District Public Prosecutors Office has been questioning top
      AFP  -  370 words
    • 279 12 NEWDELHI Reuter, AFX-ASIA INDIA appears on target tog lower its fiscal deficit this year and still expects tfc*2 achieve economic growth of about 7 per cent or a bit lower. Finance Secretary Montekl Singh Ahluwalia said yesterday. Mr Ahluwalia was
      Reuter,; AFX-ASIA  -  279 words
  • Page 12 Advertisements
    • 163 12 w :£%v>tW a,-.m w&'-j'. B3»-. ■W ,v "v i Wfe> J i&§k t'" m~ II t K*-*j I 9 ~,~'3 -*£■>■<'- > Bfe*^ \*y h f Xs* 1 >5^4 r v. f I A W il#tv¥ vl x v iIVA»V*A 1 Pvwv', CHfcWl*p livrV f j Oil J'-'" I S
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  • THE WORLD
    • 446 13 BIS MEETING IN BASEL But unemployment still not coming down in continental Europe: Tietmeyer Bloomberg, Reuter. THE Group of 10 central bank governors predict rosier economic growth for the world economy this year, Bundesbank president Hans Tietmeyer said yesterday. Mr Tietmeyer,
      Bloomberg,; Reuter.  -  446 words
    • 400 13 Reuter [SWITZERLAND] The Bank for International Settlements (BIS) yesterday said the change of the millennium was the biggest potential challenge for the financial industry and called for urgent action to ensure all computer applications could handle it. The bank to the world's central
      Reuter  -  400 words
    • 67 13 (JERUSALEM] An armed Israeli infantry soldier going up an escalator inside a shopping mall on Sunday, on his way to meet other members of his unit assigned to patrol the popular mall. Israel has increased its security and imposed a closure on Palestinians entering Israel following
      REUTER  -  67 words
    • 269 13 mLONDON Move will offer extra cushion for balance of payments problems FT THE International Monetary Fund has agreed to double its US$2B.5 billion (5543.3 billion) overdraft facility for central banks, resolving an argument between industrial and developing countries that has dogged the
      FT  -  269 words
    • 264 13 PARIS Bloomberg THE French government said it will sell up to 38 per cent of France Telecom SA in an initial public offering worth about 76 billion francs (5518.9 billion), the nation's biggest ever. One-fifth of Europe's sec-ond-biggest phone
      Bloomberg  -  264 words
  • Page 13 Advertisements
    • 489 13 The proud legacy of German watchmaking And for once, grandeur does not mean size, has reattained its former grandeur. tThe Lange 1. 1 The Lange Saxonia. The first Lange watch of the Fashioned to the perfect size for company's revival marks the slender wrists, the Saxonia is truly rebirth of
      489 words

  • EDITORIAL & OPINION
    • 862 14  -  THE BOTTOM LDVE OPINION By Prem Shankar Jha The writer, former editor of the Hindustan Times, contributed this article to BT FORTY YEARS of planned economic development where the dictates of the market were deliberately subordinated to the wisdom of bureaucrats, have given India
      862 words
    • 137 14 We have become a more emotional, less deferential, more plural people. We are not the same ordered society that was built in the post-war period and which the royal family used to be an emblem of.' Andrew Marr editor of The Independent on the outpouring of emotion
      137 words
    • 591 14 EDITORIAL IT is a sad commentary on the concern and conscience of the global environmental lobby that in spite of much anguished bleating about the destruction of tropical rain forests, not a cent has been forthcoming to help Indonesia cope with the massive problem of the
      591 words
    • 997 14 Some central banks now adopt an inflation target, giving public a clear commitment, and the results are encouraging WHAT, exactly, should monetary policy do? In the past 20 years or so, economists, central bankers and governments have produced any number of answers. One is: control the rate of
      Source: Datastream; Fl LB PHOTO  -  997 words
    • 791 14 Clinton needs Cut track US President Clinton begins an important battle with Congress this week for renewal of "fast track" authority, the right to submit trade agreements to Congress for a speedy vote without amendments. Without fast-track protection, countries will not negotiate trade accords with Washington
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  • Page 14 Miscellaneous

  • Page 15 Advertisements
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  • Page 15 Miscellaneous
    • 822 15 TV&RADIO 11.15 Tuesday Feature 11-30 TV Innovations. 11'1'f American Gothic (See 1-30 AM Close. 2.00 PM TV Innovations. Our Choice). 2.30 The Winners. L OO AM When Animals At- r 3.00 Money. Money, Money. tack. 12.00 NN News. 3.30 How To Succeed In Busi- L 45 Capital City Take 12J5
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    • 253 15 CRYPTIC CROSSWORD 1 Provides camouflage of animal HM■ H H 4 Wartime volunteers made g rough preparations (4,5) 8 Secretary has no time (5) flH| H H HH VM 9 Agent who must keep within 11 Plague in Hamelin? That's aw12 Supernatural creature that's after information (5) 13 A guy
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  • EXECUTIVE LIFESTYLE
    • 935 16  -  Tennis rivalry leaves observers with bitter aftertaste, says toomasboswell THOMAS BOSWELL LAT-WP WHAT on earth is the problem with tennis? Just when you try to give your heart to Venus, and her game, it just won't let you. On Friday at
      LAT-WP; REUTER  -  935 words
    • 773 16  -  ART Tang Mun Kit's installation art ponders the materialism of society By Iola Lenzi [SINGAPORE] Installation art differs from traditional sculpture in using the exhibition space as one of its creative elements. And whereas a sculpture is unchanged wherever it is shown, an installation will
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    • 510 16 AFP [NEW YORK] For new US Open champion Pat Rafter, the question now is "What comes after?" The 24-year-old Australian won his first Grand Slam title here on Sunday, beating Britain's Greg Rusedski 6-3, 6-2, 4-6, 7-5 to be come the first
      AFP  -  510 words
  • Page 16 Advertisements
    • 1043 16 BUSINESS Notices ftl ROLY INTERNATIONAL 111 HOLDINGS Lm I (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT a Special General Meeting of the Company will be held at Moor Room, Level 4, The Westin Stamford. 2 Stamford Road, Singapore *****2 on Friday. 3 October 1997
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    • 302 16 To advertise call toll-free 1800-741 1883 Jt'RONG SHIPYARD LIMITED I Incorporated in the Republic of Singapore) LOST CERTIFICATE Application has heen mailc- to the Directors of the ahoscnamcd Company to issue duplicate certificate in place of the following certificate which has heen report lost or deMroved No ol shares Ctmlivak
      302 words

  • COMPANIES & MARKETS
    • 347 17  -  Right pricing cited for selling Upper Bnkit Timah houses within a week of soft launch By Diana Oon [SINGAPORE] OCBC subsid iary Kismis Properties' "val-ue-for-money" approach in pricing its recently launched Summerlea Green has paid off: The project bucked the sluggish housing market
      347 words
    • 218 17  -  David Boey [SINGAPORE] This strange vehicle, developed by Singapore Technologies Automotive for the Singapore Armed Forces, is called the SMI Launched Bridge or SLB. The SAFs latest armoured bridgelayer was displayed in public for the first time over the weekend at the
      DAVID BOEY  -  218 words
    • 775 17  -  HOCK LOCK SIEW David Boey THE roll-out last Friday of the Bionix IFV, the first Singapore-made Infantry Fighting Vehicle (IFV) marked a major milestone in Singapore Technologies Automotive's history. Developed in secret for the Singapore Armed Forces by a 135-strong research and
      775 words
    • 396 17  -  Bnt other overseas investments show gains of over $200 m By' Teh Hooi Ling [SINGAPORE] Singapore Telecom is sitting on a paper loss of some $80 million for its 39 per cent stake in Globe Telecom, as a result of a meltdown in
      396 words
    • 329 17 Disposal of long-term investments offsets dip in hotel revenue [SINGAPORE! Shangri-La Hotel yesterday announced a $22 million extraordinary gain from disposal of long-term investments which helped shore up its weaker interim hotel operations. For the half-year ended June 30, turnover fell 12
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    • 208 17 [SINGAPORE] Hotel Plaza yesterday announced the sale of its Parkroyal Plaza Hotel in Sydney for Ass 9 million (5564.8 million). Pre-tax profit from the sale is estimated at Asl7 million, of which Hotel Plaza's 60 per cent share amounts to
      208 words
    • COMPANIES
      • 435 18  -  Survey finds 54% of UK managers and 46% of those in the US bearish on Asia From Neil Behrmann in London AMERICAN and British fund managers are cautious about global equities and are particularly negative about the Asia-Pacific market, according to a
        435 words
      • 312 18  -  Earnings weighed by higher interest, outlets' startup costs By' Teh Hooi Ling [SINGAPORE] Property group Bonvest Holdings' interim net earnings plunged 77 per cent to $2.5 million despite a 9 per cent rise in turnover to $81.9 million. The group's profit was dragged down
        FILE PHOTO  -  312 words
      • 263 18  -  By' Catherine Ong [SINGAPORE] Mainboardlisted Pacific Century Regional Developments (PCRD) yesterday reported a 52.4 per cent increase in operating profit to $1.27 million for the six months ended June 30. "The results are consistent with the company's continuous profit improvement trend in
        263 words
      • 299 18  -  Property and engineering contribute to growth By Diana Oon [SINGAPORE] Good growth in its core businesses boosted mainboard-listed property and engineering group Guthrie GTS' interim earnings by 175 per cent to $11.5 million for the first half of this year. The strong
        299 words
      • 176 18 [SINGAPORE] Disk drive component maker MMI Holdings yesterday posted 54 per cent earnings growth to $7.8 m in ion from $5 million for the full year ended June in its maiden results announced after its March IPO. It beat its own forecast made during the IPO
        176 words
      • 305 18 [SINGAPORE) Stockbroking firm Kay Hian Pte Ltd has joined United Overseas Bank in selling L&M shares pledged to it by the company's controlling shareholders. L&M notified the stock exchange yesterday that Kay Hian had sold 1.14 million collateral shares last Friday
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      • COMPANY Briefs
        • 84 18 [SINGAPORE] As at the close of its general offer for Jurong Shipyard (JSL) at 3.30 pm last Friday, Sembawang Corp had received acceptances for 28.8 per cent of Jurong Shipyard's shares. About 93 per cent of the acceptances were for the cash offer.
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        • 64 18 AFX-Asia [KUALA LUMPUR] Telekom Malaysia Bhd said it expects its investments in the telecommunications industry of Africa and Asia to contribute about 20 per cent to its group profits in the near future, Bernama reported. It quoted chief executive Mohamed Said Mohamed All as saying
          AFX-Asia  -  64 words
        • 49 18 [SINGAPORE] Mainboard-listed Datacraft Asia has promoted its executive director and director of marketing Ron Cattell to chief operating officer. In his new position, he will be responsible for the group's communications products business in Asia, including planning, coordinating and directing business activities in the region.
          49 words
        • 93 18 (SINGAPORE] Hotel Royal's net earnings jumped 21.84 per cent to $3.1 million in the six months ended June 30 due mainly to improved rental income from overseas investment properties and gains on disposal of investments. Earnings were also helped by a 22.5 per cent
          93 words
        • 81 18 {SINGAPORE] SMB United Ltd yesterday reported an 8.1 per cent increase in net interim earnings to $5 million on the back of an 8.5 per cent rise in group turnover to $27.7 million. Earnings per share was 1.21 cents, up from 1.12 cents last year
          81 words
        • 71 18 [SINGAPORE] IPC Corporation said Demax Computer Pte Ltd has ceased to be a subsidiary. IPC sold its 70 per cent stake, comprising 70,000 shares, in Demax for $1,000 to Tan Swee Teck. The company believes the divestment is in the best interests of the
          71 words
        • 54 18 AFX-Asia [MANILA] Ayala Land said it will build office towers and a five-star hotel on two large sites within the Makati central business district. Ayala said the project, to be called Ayala Gateway, will emulate the Rockefeller Centre and World Financial Centre in
          AFX-Asia  -  54 words
      • 430 18  -  UTTERS TO THE EDITOR Harry Kok Sydney I REFER to the letters of Zeng Yi Shun, "SBS was right to scrap dual listing" on Sept 3,1997, and Y M Chan, "Unfair to scrap SBS Foreign" on Sept 2,1997. I fully agree with Chan
        430 words
      • 171 18  -  Marck Chee Singapore I REFER to the recent debate between Mr Zeng and Mr Chan, and the contribution from Mr Yuen. Mr Yuen is right in pointing out that foreigners are not allowed to buy local shares. One reason for most of our foreign tranches enjoying
        171 words
      • 176 18  -  Patrick Chia Singapore MY FRIENDS and I who bought TIH (Transpac Industrial Holdings) at the 1994 initial public offer have suffered in silence for too long. The original $5 share price has never surfaced above the listing price and has now lost 40 per cent (to $3
        176 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 488 19 World Com also buying America Online unit; 3-way deal will create Net giant Bloomberg [KANSAS CITY, Missouri] World Com will buy CompuServe for US$l.2 billion (Ssl.B billion) in stock and buy an America Online (AOL) unit to become the biggest provider of services
        Bloomberg  -  488 words
      • 311 19 Bloomberg Reuter [WASHINGTON] MCI Communications Corp has begun offering Sunday long-distance calls for 5 US cents (8 Singapore cents) a minute in the US and to Canada in an effort to strengthen customer loyalty and boost calling volume. MCI said
        Bloomberg; Reuter  -  311 words
      • 58 19 [HANOI] Children competing in a jumping-bag race sponsored by Coca-Cola on Sunday. Coke held a promotional day in Hanoi's Lenin Park, giving each young participant a notebook and soft drinks. The US soft drink giant is often criticised in the local press for its aggressive
        AFP  -  58 words
      • 277 19 They make it easier for regulators to respond to problems Bloomberg [NEW YORK] New rules approved on Thursday by the New York Stock Exchange (NYSE) will help regulators combat stock fraud, an NYSE official said. Under the rules, clearing firms that
        Bloomberg  -  277 words
      • 190 19 Reuter [WELLINGTON] Telecom Corp of New Zealand has sold Australian multimedia company Digital Video Productions back to its founders for an undisclosed sum, the New Zealand Infotech Weekly newspaper reported yesterday. Brisbane-based DVP was bought by Telecom in April 1986 to strengthen its
        Reuter  -  190 words
      • 258 19 Bloomberg [BANGKOK] Grammy Entertainment, Thailand's biggest recording studio, has reduced its stake in Shinawatra-con-trolled International Broadcasting Corp (IBC) because of continuing losses at the country's second largest pay-TV company. Grammy said its stake in IBC is now 7.5 per cent, down from 16.3 per
        Bloomberg  -  258 words
      • 473 19 Chip has smallest transistors Intel's made commercially NYT [SAN FRANCISCO] When it unveiled its newest generation of microprocessor chips yesterday, Intel Corp was breaking with a long tradition in the computer industry by offering the fruits of its most advanced technology to
        NYT  -  473 words
      • 295 19 FT [PARIS] Promodes, the French retailer which has launched a hostile 28 billion franc (Ss7 billion) takeover bid for its rival Casino, is considering applying pressure via the stock market regulator to persuade the leading investor to agree to its offer. Advisers
        FT  -  295 words
    • FINANCE & COMMODITIES
      • 535 20  -  Nickel and copper prices have already fallen sharply below their summer peaks Prom Neil Behrmann in London CURRENCY volatility and expectations of economic slowdown in South-east Asia are dampening the region's demand for key raw materials such as base metals, say analysts
        535 words
      • 529 20  -  Finn also close to signing joint venture deal in Malaysia By I Shiv Taneja [SINGAPORE] Rothschild Asset Management (RAM) plans a slew of unit trust launches over the next six months and is a "breath" away from signing a joint venture
        FILE PHOTO  -  529 words
      • 356 20 Bernama [KUALA LUMPUR] Malaysian banks, which have enjoyed good profits because of the country's strong economy, may face many challenges in the future as Malaysia heads for market liberalisation, said a banking analyst. In a recent interview with Bernama, Honey Yee of Thomson Bank Watch
        Bernama  -  356 words
      • 244 20 FT [FRANKFURT] The German and Swiss derivatives exchanges are joining forces to forge one of Europe's biggest single futures and options markets, in a sharp intensification of competition for market leadership ahead of economic and monetary union. Deutsche Borse in Frankfurt and the Swiss
        FT  -  244 words
      • 141 20 SIIWKX Report Reuter (SINGAPORE) Simex Euroyen futures headed towards their recent highs yesterday but dealers said that the market lacked fresh leads to extend the rally. "The only figure out today was the (Japan) Wholesale Price Index (WPI), which was lower-than-expected but the market
        Reuter  -  141 words
      • 152 20  -  MSCI TAIWAN FUTURES By Perry Gilbert vice-president, Refco Singapore Pte Ltd [SINGAPORE) The Simex MSCI Taiwan Index futures contract came under renewed selling pressure yesterday as the cash index fell 233.44 points to 9,149.29. The negative export figure of U559.55 billion (5514.3 billion)
        152 words
      • 355 20 ENERGY REPORT Reuter [LONDON] World oil markets are facing a cloudy outlook confused by Iraqi oil exports and counter-seasonal trends in supply and demand, the International Energy Agency (lEA) said yesterday. "Oil markets in August were tenuously balanced, as strong demand and some sporadic
        Reuter  -  355 words
      • Article, Illustration
        1429 20 ntTERBAWK CROSS KATES Sept8 M C$ f> ECU Fir Yw Won B$ IgMlfc Hw S$ tmi SlrWTtM* Hmt U$$ Australia 1.009 4.178 0.669 4.4)6 1.313 5.659 26.793 ***** 0.882 6.631 2.120 U47 29 *****.084 1100 3.418 1076 20.902 25.020 0.460 0.731 C«u* 0.991 6.016 0.663 4376 1301 26.554 ***** 0.875
        1,429 words
      • 266 20 Reuter, AFP li4HnWl THE US dollar drifted in narrow ranges against the yen and the mark after Federal Reserve chairman Alan Greenspan's weekend speech. "Expectations of a Fed rate hike are low and there was little in Greenspan's speech to lead investors to think otherwise," an economist said.
        Reuter,; AFP  -  266 words
    • 1823 21 SICOM FUTURES "sfr/s RUBBER (futures closing as at 5.30pm) RSS1 ceotsAq) Close Volume Open Month High Low Sett (tonnes) Interest Oct 97 135.75 1425 Nov 97 139.00 139.00 139.00 200 1550 Dec 97 141.50 1950 Jan/Mar 98 148.00 147.50 147.50 225 5985 Apr/Jun 98 153.50 ***** Jul/Sep 98
      1,823 words
    • 1656 21 AFP C Nikkei 225 -1(131 JAPANESE share prices closed slightly lower yesterday, with the main index depressed by profit-taking in late trading, brokers said. The 225-share Nikkei Average fell 16.31 points to end at 18,633.86, while the broader Topix Index closed down 4.05 points at 1,440.60. Turnover was an
      AFP  -  1,656 words
    • 2259 21 LONDON Industrials S«#t S *h A8 Ports 293.400 5.400 Abbey National 866 -7.400 Allied Oomecq 472 -3 Amec 141.400 *1 Asdi Group 144.400 -1 BAT Ind -.528 -2 BG Pic 273 I BICC 159 -2.400 BOC Group 1056 2 BR Petroleum 915 -9.400 BTR j 218.600 1.200
      2,259 words
    • Article, Illustration
      1547 22 AFP Q Hang Seng +***** SHARE prices rose in selective buying yesterday amid an absence of fresh incentives. "Trading is quiet and investors have no intention to take risk," said a dealer. "The regional currency crisis has already been discounted." The Hang Seng Index gained 242.94 points to 14,806.49.
      AFP  -  1,547 words
    • Article, Illustration
      655 22 Reuter CI Shenzhen B Index -0.92 THE Shenzhen B share market closed lower yesterday as investors kept to the sidelines in the absence of fresh factors. The B Index dipped 0.92 point to 138.53 on a turnover of HK$3O million. The A Share Index eased 1.46 points to 403.31
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  655 words
    • 390 22 AFP QWP Index -233.44 STOCKS dropped yesterday as fund managers adjusted shareholdings, brokers said. "The already weak market sentiment was dampened by fund managers lowering their holdings in electrical stocks," said a trader. The TSE Weighted Price Index slid 233.44 points to 9,149.29. Turnover was 1.9 billion shares worth
      AFP  -  390 words
    • 255 22 Bloomberg Q Wellington -1040 SHARES closed lower yesterday. The NZSE Top 40-share Index fell 10 points to 2,462.67. Within the index, decliners matched gainers 14 to 14. Trading was valued at NZ$9O.4 million. Bloomberg S«*tl US (000) ANZBonMng T1.32 unch 8537 Advmtogoi Mlaqs 0 89 -0.01 3000 Air N*w
      Bloomberg  -  255 words
    • Article, Illustration
      825 22 AFP H SET Index +3L91 SHARE prices soared yesterday. Speculative buying returned following the government's announcement on Friday that it would back a new draft constitution designed to break a vicious cycle of vote-buying and corruption. The SET Index rose 31.91 points to 572.30. Interest was boosted by a
      AFP  -  825 words
    • 435 22 Bloomberg Q Composite Index -4JKS STOCKS fell yesterday on persistent concern over companies' mounting debts and the weakening won. Banks fell 1.5 per cent as a group. The Composite Index fell 4.93 points to 697.98. Losers led gainers 506 to 268, with 122 issues closing unchanged. Commercial Bank of
      Bloomberg  -  435 words
    • 606 22 AFP F1 AD Ordinaries *3(12 SHARE prices rose yesterday, driven up in late trading of blue-chip stocks, brokers said. "Overall, it was a pretty good performance by most of the majors," said a broker. The All Ordinaries Index gained 30.2 points to 2,656.2. Turnover was 305.7 million shares worth
      AFP  -  606 words
    • Article, Illustration
      714 22 AFP Composite Intel +&20 SHARE prices closed higher yesterday amid expectations of more interest rate cuts, analysts said. "Some people are expecting the market to go even higher after last week's strong run with the assumption that interest will go down further," a dealer said. "But others said the
      AFP  -  714 words
    • 336 22 AFP n Manila -2.64 SHARE prices fell 0.1 per cent yesterday, recovering from a big drop in early trading following rumours that banks were in financial trouble. The PSE Composite Index fell 2.64 points to 2,106.58. Philippine President Fidel Ramos also eased mid-session tension by announcing that he would
      AFP  -  336 words
    • KUALA LUMPUR STOCK MARKET
      • 532 23 AFX-Asia Fl Composite Index +58J2 SHARE prices closed sharply higher across the board in heavy trade yesterday, with the index closing at an intra-day high on overall improved sentiment, dealers said. Broad-based participation saw the KLSE Composite Index closing up 58.12 points at 879.71. The
        AFX-Asia  -  532 words
      • 8897 23 ►L'. —MITMILI CMtWMT products 1997 Last Vol Day Net Cap M>gl< Low Company Saie OOP High Low P/C Smll 790 400 AjinomotO 472 32 472 458 26.1 191.3 448 231 Angkasa 295 22 297 295 280 8.8 435.0 905 370 Apollo Food Mlg 550 58 72 550 500 16.0 220.0
        8,897 words
    • WARRANTS & OPTIONS
      • 3642 24 BONOS, I PAHS i VARIANTS •ft 1997 Last Val 0ay Latt Quota A vq High Lm St no Company Solo Hr COOOI High Loo Buyor Sollor Prteo 68 30.5 m 3000 m AM08 c5.5******6 31 32.5 37 81 41.5 3160 A Acor ******1USS 60 *1 57 60.5 58 59 61
        3,642 words
      • 193 24  -  WARRANT WATCH By* R Sivanithy MALAYSIA looks like the place to be at the moment, judging by the huge volume and sharp price movements. It therefore makes sense to cast our net north of the border, bearing in mind that
        193 words
    • 2410 24 MALAYSIAN STOCKS 6r Or 1997 Last V* Day Last OlMta 0«v Ov YM Nat M Cap High Law Stno Company Sata COOO) High Law Buyar illir Cw P/t $ml 478 147 ms 5000 AISB50C Z22 *36 717 222 191 221 225 30 4.9 0.6 50.3 227.7 137 54
      2,410 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1642 25 TURNOVER OOO) VALUE ('000) mh c*» t*i w» O» r»<i Industrial 105,927 148.606 2S4.533 212.411 211,803 424.214 Flnanc* 10.333 57,306 67,639 79,51* 105.309 164.828 MM 2.496 T.466 9,967 4,825 8,773 13,596 Propwt.« 13,465 41.305 54,770 69,304 40.071 M9J7S Plan(«tton 10,852 10,852 16*607 16,607 MMM* 2.596 2.596 3,165 3.185 8LW 11,587
        1,642 words
      • 5226 25 Gr 6r M Wt 1997 Last Vol Day Last Ouot# Wv Ofv YM Mot Cap Avf Mm» Lew urn Cimp any M« rOOO) H8f> Lwr fcyr Cwr P/t <»■ Ertce INDUSTRIALS i t57 83 1020 ACE Dynamics60c. 91.5 *6 142 92 85 90 92 "9.2 74.9 89 5146
        5,226 words
      • 1157 25 Or Or mm 1997 Kit V* Day Last Ouot. OfY Dtv YM MX Caa A»« High U» 5t*a company Sat* COOO) Mlg* L« Buyar Mar Cvr gg SmdPrtca 186 76 a 2000 ABRHMgsSc 133 Mop 1092 134 116 3.0 6.0 0.1 190.0 59J HO 412 144 a 2049 AS
        1,157 words
      • Article, Illustration
        58 26  -  by! Shiv Taneja DBS LAND dosed 18 cents higher at $4 yesterday on a volume of 5.66 million shares, compared with its lOday traded average of 3.9 million units. Having reached the $4 level, the outlook for the stock is good Medium to long term investors should buy,
        58 words
      • 221 26 Stacks V*4mm 'RHupaciftc Bh 28.544.000 Asm Food&Prop 24,149,000 •Berjaya Gr oup 21.393.000 *M8f Capital 15,250,000 Hotuog lirv NT5 M.251,000 •R1« Cap Wt99 14,232.000 "Magnum Corp 50c M.088,000 BBRConstn5c 13,976.000 •P«6 Bk Foreign 13.275,000 •Mufti-Purpose W.839.000 Stocks J SIA Foreign 31,846,727 •UMW 28,512,990 •Rekapacifk Bk 26,199,455 •RaslWd H ussaai 24,432,240 *HBf
        221 words
      • 709 26  -  STOCK MARKET COMMENTARY However, foreigners are slow in returning, suggesting that local funds and retail players are supporting prices By R Sivanithy [SINGAPORE] The local market continued its rehabilitation yesterday, rising on a wave of regional liquidity that drove the Malaysian
        709 words
      • ON THE GRAPEVINE
        • 100 26 UNIT trust launches in Singapore are going hi-tech. On Sept 19, Standard Chartered Bank, one of the two distributors for a new global fu nd from Rothschild Asset Management, is holding a video-conference for 1,000 invited guests at Suntec City—the first ever such video-conference for a unit trust
          100 words
        • 105 26 MORE on the fund Industry. Hie UK listed TR Pacific Investment Trust, which is managed by the Singapore-based Michael Watt, who is a director of Pacific investments at Henderson Investors, recently won the best Par Eastern Purid award from Investment Week, in association with Bloomberg. The judging criteria
          105 words
        • 82 26 IT SEEMS the Beatitudes Grilled Seafood stall at Newton Pood Centre does not believe in living up to the Biblical virtues behind its name. In a press statement yesterday, the Ministry of the Environment said it has suspended the licence of the grilled seafood stall at No 58
          82 words
        • 148 26 AMERICAN Express has developed an Asia Pacific Airfare Index as a tool to benchmark and identify trends In published airfares in the region. To be published every quarter, it will be a guide for Amex's corporate travel clients to measure and track how they are managing
          148 words
        • 103 26 A BOY fresh out of university, now an officer in that part of the civil service that ensures business people do not engage in, shall we say, unsportsmanlike practices, made his friends green with envy by revealing that he has his own (albeit small) room at his
          103 words
  • Page 17 Advertisements
    • 423 17 Call us for following Industrial Properties FACTORY WAREHOUSE Twos Purpose Built Detached Factory with Sea Front For Sale Rent Land 132,331 /built-in 33,287 sq ft Chin Bm Standard Terrace Factory High ceiling, Overhead Crane k land 17,000/ built-in 10,000 sq ft Huge Compound Ideal for (light industries) Tims Standard Detached
      423 words

  • Page 18 Advertisements
    • 81 18 91 Uesegarn i Liesegang Presentation Products High-Brightness, Digital HHData Video Projectors (DMDlrtwiDirt p 24 V 2SOW |< #635 2200 Lm» 1 57 BW Mvtai Hal Id* 636 2500 Lms I A 4643 -10,000 Lms jg; H ma #654 -12,000 una Bfi^* Liesegang The power behind the image <*eooSVGA 400 ijn.
      81 words

  • Page 19 Advertisements
    • 51 19 Tung Centre 1,566 sf Parkway Parade 1,592.48 sf/3184.96 sf A-Z Building 1,776 sf/7,739 sf/13,982 sf 172/174 Paya Lebar Road Short term lease 15,435.58 sf/14,477.58 sf First Capital Property Management Pte Ltd ißr (A member of First Capital Corporation Group) Tel: 437 6817/437 6853/534 3132 Fax: 532 6197 http://www.fcc.com.sg EPOfcc.com.sg or
      51 words
    • 89 19 NOIIL Sl* PRINCESS 4» P A *****1 Lorong 12 Geyking lorong 18 Geytong Tel: 842 8181 V o!l£3r Tel: 748 8181 MS47/S7? Mtt. par mjto om Tratiw iani l mttm *1 nr LP h nlliimrt m tr W **i vi ww y ft ''T y ho tii si*mylan€ •Co«vo«ioiitty bcotod
      89 words

  • Page 20 Advertisements
    • 96 20 PRIME OFFICE SPACE FOR LEASE CONSIDER LOCATING YOUR OFFICE AMONG OTHER PRESTIGIOUS TENANTS. Situated just outside the restricted zone Close proximity to the MRT Station, CBD, shopping hub and other conveniences Ample car parking Shuttle bus service from City Hall MRT Station Intelligent telecommunications and building management systems Built-in structured
      96 words


  • Page 22 Advertisements
    • 142 22 WORLD BUSINESS CLAS I'm in a business where lime is of the essence So the global network of Northwest Airlines and KLM 'j is perfect for me, because wherever in the world I 1 want to go they're there to take me In the US, m Northwest's domestic network saves
      142 words

  • Page 23 Advertisements
    • 52 23 VtOOM I GROOM If you're in the business of providing car care products and services, car accessories and other related services, advertise in Vroom Groom a special focus of The Straits Times Classified on 17 September, and reach out to car owners. Page Florence Long at 9202-4890 for advertisement bookings
      52 words



  • Page 26 Advertisements
    • 514 26 BUSINESS Notices 111 ROLY INTERNATIONAL 111 HOLDINGS LTD. (Incorporated in Bermuda) NOTICE OF 1997 ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 1997 Annual General Meeting of the Company will be held at Moor Room, Level 4, The Westin Stamford, 2 Stamford Road, Singapore *****2 on Friday, 3 October
      514 words
    • 372 26 Shangrita hotel LIMITED (INCORPORATED IN SINGAPORE 1 1W MTEtIM IItSUUS HHAHQAt HKSHUGHTS t MVWBtt ANNOUNCEMENT Six months ended 30th June 1997 1996 Variant e SS 000 SS'OOO X Turnover 49,32* 75,222 (7.1) Operating Prsffit 15,511 17,920 (13.1) Short of losses of associated companies (Ml) (1,449) 42.1 Net profit before taxation
      372 words
    • 158 26 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES To advertise call toll-free 1800-*****83 fi matahari PT MATAHARI PUTRA PRIMA Tbk Indonesia's Premier Retailer FIRST HALF 1997 RESULTS (audited) Six months ended 30 June (in Rupiah Billion) 1997 Increase Revenue Rp 1,024.1 9.5 Gross Margin Rp 332.6 17.5 Operating
      158 words

  • SHIPPING TIMES
    • 321 27 Knight Ridder, Reuter THE US Gulf panamax market showed further 'signs of weakening as {feveis drifted downwards ob trips to the Far East. Rates for panamaxes in the east showed little change, remaining at low levels. CMT is said to have fixed in the 1993-buUt, 73,670-dwt Oceanus at
      Knight Ridder,; Reuter  -  321 words
    • 243 27 ikphhhhhi taM g «f- w CWTOIrt U5 *0.01 19 Clwan Hup 0.90 *0 02 153 Caaco tn»ast<nant _105 *0.06 15 Frtfgm LMa 0.405 *0.015 130 C«H0Mbif* -0.42 Hal Sun Hup 0.955 *0.015 174 HNacMZoian 0.63 *0.03 47 IMCI tolfioy HKS40 Jaya HoMinqs 0.78 *0.03 22 Jurgnq SMpyard 6.70
      243 words
    • 431 27  -  First time all three countries have taken partinajoint rescue exercise By. Marcus Hand [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) held its first tripartite Ferry Rescue Exercise with Malaysian and Indonesian authorities yesterday. Over 500 personnel from the police force, coast
      CHEW SENG KIM  -  431 words
    • 144 27 Reuter, AFP [SANTIAGO] A Cypriot-flagged merchant ship partly loaded with fertiliser ran aground and broke in two off the Chilean coast, near the port of San Antonio and eventually caused its haul to split in two. Thirty Cuban crew members were
      Reuter,; AFP; REUTER  -  144 words
    • 358 27 AFP [PANAMA CITY] Shipping firms and government officials from around the world have gathered here to ponder the uncertain fate of the 83-year-old Panama Canal as the old engineering marvel faces the dawn of the 21st century. Already off-limits to
      AFP  -  358 words
    • 34 27 IN yesterday's issue of the Shipping Times a table accompanying our weekly Newbuilds column was inadvertently left out due to a technical error. We apologise to our readers for any inconvenience caused.
      34 words
    • 450 27 Payments of first fines due on Oct 15c US maritime agency Reuter, Bloomberg [TOKYOI Japan's efforts to forge a deal that would end US sanctions on its shipping firms are still continuing, but there were no prospects yesterday of an
      Reuter,; Bloomberg  -  450 words
    • 125 27 [HONGKONG] Yantai port in Shandong Province will begin Phase 3 developments this year which will add seven deep water berths and increase capacity by 3.9 million tons. The State Council approved the third pfiase expansion, while the second phase is due for completion
      125 words
    • 236 27 [SINGAPORE] The Chittagong Feeder Trade Committee (CFTC) has withdrawn the congestion surcharge imposed last month on Import and export shipments from Chittagong. "The surcharge has been withdrawn for the sake of trade and business relations as the situation has improved at the port," Anthony Foo, secretariat
      236 words
    • 633 28 US-JAPAN AIR SERVICES Talks among US parties on an aviation accord with Japan are clouded by differing approaches Financial Times UNITED States airlines, transport officials and airport groups are holding a series of informal talks to assess prospects for an aviation accord with Japan, following the
      Financial Times  -  633 words
    • 257 28 Reuter [TEL AVIV] British Airways World Cargo will launch a twice-weekly freighter service to Israel to meet demand for additional capacity from freight forwarders, importers and exporters, the company said on Sunday. World Cargo has signed a wet lease agreement for an Airbus
      Reuter  -  257 words
    • 262 28 PAGE Eurohans 6 ACl 11 6 ANL 3 8 Famous 7 Accord 12 n.-Bri#t 6 Appenship 5 12 Astro 3 Austral J1 <*nartrans i S2i j H I Batamindo 7 CuanGuan 4 rru? i HaiSunHup 12 MA H 12 rAcrrt C 3 COSCO
      262 words
    • 15665 34 THEBUSINESSTIMES EXPORT ETA ETA Advertiser V«t«l Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Nam* Nam* Number Number SIN Oestn Name Name Number Number 98M8B8NHMIMNMMNNMNNMHMNMMMIMIMMMNHNIMNMMNNMII To BUENOS AIRES (BUE) 2060 A Argentina To ABIDJAN (ABJ) 2003 09/09 ot/io Pro um pro vessel 65 uosre Ivory Coast,
      15,665 words
    • SHIPS IN PORT
      • 531 41 VmbH Voy Wo Bfth Arrival Dtprtun J»»| Pert AngeHa P 01/97 J17 alongside 06.09/1830 Antapang 70A JOS alongside 08.09/1700 Ay* Manna 1099 J08 alongside 15.09/1200 Satam Indah N377 J07 alongside 09 09/2300 Bison 01/97 J12 alongside 08.09/1800 Bt Handi Jay *****7 J01 alongside 08.09/2300 St Inan Joy *****7
        531 words
      • 1652 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclna/BWwic* Rstls Ship Voy Mo Etb/Btr Nriod Frow To Frow kJOl 717* BAOO M 00/800 00/894 00/800 oo/BOO 00/851 o«/r*cu oc-oc 01/0*99 MM l oi/c?oc oi/mi ovwoo 4 ovuoo owwi WW «iigin ivojoo i oo/boo www www U 00/1700 HUM
        1,652 words
      • 193 41 Bmpt 11 Pakistan: Quaid's Anniversary. Spain Holiday in Catalonia, Catalan National Day. B«pt IB Japan: Respect for the Aged Day. Slovakia Feast of Sorrowful Virgin Mary. South Korea Chusok (Thanksgiving). Sap* M Hong Kong: Chinese Mid Autumn Festival. Taiwan: Mid Autumn Moon Festival. Mexico: Independence Day. Sri Lanka
        193 words
      • 826 41 THIS report, complied by Cockett Marine Oil Ltd. show* price ranee* in US dollars instead of single price* for a more comprehen sivt description of the market Price* shown are based on averagesixed stem. Market movement* are indicated. The Cockett Bunker Price Index chance and the
        826 words
      • 508 41 Carbon 180 Mai 990.1 0.9 15.4 0.08 59 0.04 Stpt 4 Comity *«t*r CmMim At* HImMm Swtlmirt No above E25 0 0 1 0 0 0 %M 300 Am 905.8 0.3 12.T 0.06 32 0.02 (ma 380 Mai 994.0 0.8 17.7 0.09 51 0.07 %W mi
        508 words
    • AIR & LAND TRANSPORT NEWS
      • 547 42  -  Its joint venture in Indonesia should begin operations in abont 2 weeks By: Marcus Hand [SINGAPORE] United Parcel Service (UPS) is to add a new route from Singapore to Taipei via Penang. The new route using a DCB- will be inaugurated
        547 words
      • 347 42  -  XJ-series combines spottiness with lnxnry to woo yonnger drivers From i Christopher Tan in Frankfurt JAGUAR Cars Ltd, profitable for two years now since Ford took over in 1990, yesterday launched a new line of sedans that offers sportiness and luxury an area one
        347 words
      • 240 42 Bloomberg [OAKLAND, California] Striking workers have shut down the San Francisco area's local rail transit system, threatening transportation gridlock during the morning rush hour. Some 2,600 employees of the Bay Area Rapid Transit (Bart) system went on strike early Saturday morning after management and
        Bloomberg  -  240 words
      • 55 42 [MARIETTA, Georgia] The F-22 Raptor taking off for its maiden flight at the Lockheed Martin facility at Dobbins Air Force Base in Marietta, Georgia. The US$lOO million (SSI4S million) stealth fighter/ bomber, built by the team of Lockheed Martin, Boeing and Pratt Whitney, will run 8,690 tests
        REUTER  -  55 words
      • 451 42 Sales will then fall due to nations curbing spending and environmental laws Reuter [FRANKFURT] West European new car sales will peak in 1997 and then decline into the new century due to nations curbing spending to join European monetary union (EMU)
        Reuter  -  451 words
      • 54 42 [TOKYOJ Visitors taking pictures with the new bullet train Shinkansen Asama during a special test run at Karuizawa station, north of Tokyo. The bullet train line starts its services between Tokyo and Nagano in October and will be the main transportation for the 1998
        REUTER  -  54 words
      • 430 42 Bloomberg [PARIS] The French Prime Minister's office will name the new chief executive of Air France in the next few days following Christian Blanc's decision last week to leave the post by October, said a government spokesman. The spokesman
        Bloomberg  -  430 words
      • 157 42 AFP [JAKARTA] Bali's governor has asked the country's national airline to reverse plans to scrap its route between Paris and the resort island, reports said yesterday. Garuda Indonesia planned to cancel the route as part of a restructuring programme, after the airline
        AFP  -  157 words
      • 1706 42 CITY FLIGHT ETA RIGHT ETO S0804 1020 Adelaide Of 81 1930 0F82 2055 Nam! VN745 1300 VH744 1400 SO229 2220 **741 I3W WI740 MB Amsterdam S0327 0805 GA892 0030 ItotYai TG407 2105 TG408 0820 GA897 1045 KL844 0040 W895 2150 MI896 WIS K1637 1455 KL838 2300
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  • Page 27 Advertisements
    • 17 27 US-Japan air services; Long haul towards deal Talks clouded by differing approaches of US airlines. Page 2
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    • 280 27 UPS to launch new route from S'pore to Taipei Indon joint venture should begin operations in about 2 weeks. Back Page l r". #jjf F I rj Operations Conference I Exhibition in Asia, TOC 97. opens j I Singapore next Tuesday. |b I Sep 16. at the Raffles City Convention
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  • Page 28 Advertisements
    • 836 28 NORTH AMERICA I SINGAPORE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST) jQULF KARACHI EXPRESS <OIOQ vissa voy oak van sea la sm vissa vor ju mm mm km coi m 3 HONG KONG EXPRESS 10W533 10/00 20/00 21/00 25/00 11/09 DAMUOUY I* 29/00 31/00 01/09 05/09 11/09 15/09 14/09 NOl TOPAZ
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    • 667 28 Linos services represented by Members ot the Registry ot Accredited Shipping Agents. S'pore National Shipping Assoc /JBBk ft Members o> the Singapore Freight Forwarders Association Bmal Container Line (UK) Limited As Agents Marine Transport Resources (SI Pte Ltd Tel 223 8380 Fax 223 8387 w STOP! Have you Tried Us?
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  • Page 29 Advertisements
    • 1094 29 I PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACGPTINC MANAUS VIA LAX/HOU vtssa voy rn. awtu swetd y« mi m urc «i mi im a Aft JAM* 01« 01/09 03/09 04/09 19/09 23/09 24/00 24/09 25/01 20/00 24/01 24/09 17/09 HMtt om 00/09 10/09 11/09 26/09 30/09 01/10 01/10 02/10 02/10
      1,094 words
    • 2316 29 I (g) HANJIN SHIPPING USA CANADA* |lM HAUL/VOY MM SM S£A [~"Si HW? TOP OO DTT fIS M. »WI MEM KK NTC Otf YV« YT2 YUL YYC YtG H. KAOHSIIING WW 10/W U/W 01/10 ~M/U 03/10~ 05/10 05/10 07/10 04/10 07/10 M/ 10 >7/10 07/11 10/1 M M/ 10 04/10
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    • 106 29 A1?I ORIENT EXPRESS UNES (U.K.) LIMITED iIBJ. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VESSEL VOY SINGAPORE BOMIAY VESSEL VOY lOMIAY SINGAPORE ALBERT BRIDGE 004 15/09 24/09 NORDKAP 415 03/09 12/09 NORDKAP 416 15/09 24/09 ALBERT BRIDGE 003 06/09 15/09 JUTHA PARICHART 007 19/09 28/09 JUTHA PARICHART 006
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  • Page 30 Advertisements
    • 1784 30 <C DSR-SENA TOR ivi Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT KSSfI VOY~ SIM WTM Mff |MV HAM FU LHA VfSgL VOY I LHA FU WTM OWV HAM II HAMJM SAVANNAH WQ74O 11 M Hit CHOYANG SUCCESS EF73O 17 M 10 00 1«M MM SOO 14H HONGKONG StNATOR
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    • 1098 30 I NOR ASIA I VESSEL VOY |S| OOA BCL VAL ALQ HOT MX ANT FEL LMA NORSMKA 0730-3 I 1100 29*0 2*60 17/10 Mil 04/10 Mil (2/11 03-10 St/ 10 MSG JASMINE *731-1 1100 CM All 14/11 15.10 13/1* 1M« 11/11 12/11 WlO NOfIUEL 9737-3 2MO 11/10 12/11 21/11 22/11
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    • 562 30 1 JESSELTON LINE ST TIL! *****51 PAX: 2231*37 MUARA i LABUAN H msa vor rn> eta vkkl vot m ra SFOM MUARA SPOKI LM Afttaorr vra/97 09/09 12/09 vnaan rm/v 09/09 u/o» J PVOSrei V2II/97 14/09 17/09 JPtOVB V2ll/97 14/09 11/09 Aftiaarr nx/v 11/09 21/09 Amaoar v 2*/9711/09 22/09 JftOSW
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  • Page 31 Advertisements
    • 1398 31 VESSEL VOY SIN BKK POU PKO EfN BUW SUR IRAN TAKHTI PJL-1249 28/08 /ofl 24/ M IRAN VAHOAT PJL-1253 04/09 31/08 07/09 22/09 24/09 RANOHEYAMAT PJL-1248 31/07 07/08 02/08 18/08 18/08 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN *i CJS COUNTRIES^g^ffARBAUAN. ARMENIA, KAZAKHSTAN, UZBEKISTAN, TURKMENISTAN, KIRGISTAN. TADZHIKISTAN GEORGIA
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    • 1709 31 CAR 6010/FMM J SHCROU A HUAM6PU I WIIKIY PHiCT SAKWW J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL: 226 1900 FAX: *****08 OUTWARD (B/L) 420SM^JOHOR^fFKE I COSTAR SHIPPING PTE LTD #17-O«DISIU>G SAUS/UGS 4205M1/43 INWARD MPT (D/OI *****85 COSTAR AGENCIES (M) SDN BHD ICR NO: **********01* TOWER TWO (06A609) CONVENTtONAI
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  • Page 32 Advertisements
    • 1248 32 EUBOPE/UK/SCANDINAVIA/FIHLAND/BUSSIA HGPI ROM ANW HBG THP ZEE LHV IHV THP ROM ANW HBG PKI I SGP E REWARD RW 025 13/W 03/10 09/10 04/10 N/10 07/10 00/10 i. BUMOUR HE-M2 17/ M 19/ M 10/00 19/W 21/ M 15/W 16/09 E RIGHT RW 030 20/09 10/10 16/10 11/10 13/10 14/10
      1,248 words
    • 1288 32 PPOUT SEL VOYAGt SOP OUI JIA AMI WAN lAH IWT lAI VESSII VOYAGt DUI J>A AW DMN lAH SGP I AH(AO *****01W 11/W 71/W 71/W WW 7VW 74/W ?4/W 74/W UMAMPIE 04*'001E 31/01 31/01 01/W 02/W 03/W IS/W I CONCEIT 0473 037W 11/W 71/W Jl/W 71/W 30/W 01/10 01/10 01/10
      1,288 words
    • 506 32 NANTAILINEj FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY 1 SIW fIU 1 PUB CTT MwiAiPtma PITS IS/W 30/w 04/10 HAOTAIffIWS 077S 27/01 05/10 10/10 14/10 NOELf PITS 04/10 13/10 17/10 21/10 WAWTAIPHIWCESS 017S 13/10 01/11 21/10 WAWTAIQUEEW 0235 20/10 21/10 01/11 05/11 mmiDU6O« 0Q25 26/10 05/11 10/11 13/11
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  • Page 33 Advertisements
    • 720 33 I BSA jl mm. MYANMA wBBk FIVE STAR UNE (Myonmar National Lint) loading for Yangon (Rangoon) VBStl VOY SIN PKG PIM KU OtK SHWI HAW 7W SU> PATNBN 143 M PT MALAYSIA AGfNTS: KXJSTIAD SHIPfING AGCNCIES KUt HI 02-03-*****00 PKL HI 02-03-*****01 PIN: m 02-04-*****02 PGO: Til 02-07-*****21/4 BANK LINE
      720 words
    • 1235 33 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****32 Ivmn VOY lim iIM ANT NAM iRi STSuit WW U/oi OVIO 0?/10 04/10 04/10 04/10 07/10 HY COMMODORE 304W 21/01 00/10 01/10 11/10 11/10 11/10 14/10 HYFCDUAI 304W 24/01 15/10 11/10 10/10 U/IO 10/10 21/10 HY APMIRAI JOIW 22/10
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    • 599 33 FAMOUS CONTAINER LINES life! 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) WEB PAGE ADDRESS: www.tamsln.com.tg E-MAI ADDRESS: aMnefamfc.CMMi DAILY SAILING TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 I CWT GLOBEUNK
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  • Page 35 Advertisements
    • 55 35 To retrieve more schedules, just follow these simple steps... ste document 740-6000^^^P^^ tep be faxed M k\ W A PrBSS r the port your Ste ß« Ste P nd ke y in the four number JjM code Key in your Example: r-+—i fax number To NEW YORK (NYC) 2275 United
      55 words


  • Page 37 Advertisements
    • 361 37 INDONESIA NATIONAL LINE TO EUROPE j ~su VOT |""s 'pQ 0 AM/R DAM H BURG IRtMtw' ANTWERP KUTAI 39W1 3M J/10 OMIT 7/10 TO AUSTRALIA ~1 yUj. CONTAINER SERVICE MM pßt gwt SYD MEL HBA API FRI VO7S 04» _OMB IMB 18/0B ZIM 2MB 2MH mCRYSTM. VMS 11« 13/09 2M»
      361 words
    • 1192 37 ADVANCE CONTAINER LINES (PTE) LTD A I Z 140 Cecil Street. #12-00, PIL Building. Singapore *****0 L" TEL: *****21. FAX *****19. TELEX RS ***** ACLPL CR NO. **********0E BANGKOK JAKARTA (5 l»Hin«»/Wee* K) PAT. 3 Sailing* to BMT 2 Sailing to LCH) tilH«|l/Wlßt| Aim* ftffT AKB |VQY JKT gl VESSEL
      1,192 words
    • 915 37 I VESSELS 1 VOY SN I JtD I PSO I LEH I HAM RTM I TOP I ANR I I VNXE VOMON "V2IW 11/08 20/08 22AM 31/09 02/10 04/10 06/10 06/10 V 1 cDE VELA V2IW 14A39 24/08 26/09 O&'IO 06/10 06/10 08/10 10/10 mi cng rAPCi i A T22W
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  • Page 38 Advertisements
    • 1036 38 AMOKOK/LAEM CHABANQ JAKA WT A/PAN JAMO VESSEL VOY SIN iIKK LCH VESSEL VOY SIN JKT PJN BAN! BHUM 62N In Pt 13/09 12/09 D€JA BHUM 712S In Pt 12/09 11/09 SB ISAM UT SRS337 10/09 13/09 EAGLE TIDE' 19S In Pt 13/09 NANTA BHUM" 358N 10/09 13/09 14/09 XETHA BHUM
      1,036 words
    • 667 38 PUL INTERNATIONAL LINE PU^NTERNATtONAL f* Mad hate W«» •■MI hate RuJtaihhe prti 4 M»m I IHiim »n»fa| SOC Cap /Marl H 4 liiMm am. rWu Man a* kfaan ilwJ Mm JAKAMA (lITC 1) 5 SIGS/WK w VQY JUT MN ffl°£r" |j| |B&jßt| jjfljjffffj i 11 i IIIIH lis Hill SURAIAYA
      667 words
    • 830 38 1 ACCORD A SHIPPING PTE LTD Til: *****56 (40 lin*s) FAX *****46 K*l KLAMG (03) U7 lOC I J DIRECT ACCISS HI 22SSSS7 (EXPORT BOOKING) Wl GUOtMC (07) SSI 1377 2255M7 (EXPORT DOC), *****64 (IMPORT) HHAMG (04) 53J1440 URLKTTP://WWW.ACCORD.COM.SO MUITA (II) 040 0770 POKT m SIN POKT m tIM POKT
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  • Page 39 Advertisements
    • 427 39 OSINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE fSINOTRANSI S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) "VESSEL VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI JIM VU »748 13/09 17/09 21/09 JIN FU 9750 19/09 24/09 28/09 NEW HAIHUNG 9712 26/09 01/10 15/10 JIN
      427 words
    • 281 39 am MAC-HELS S'POBE M'Slfl I Carrier: MN CONTR LIMES, INC I I ONNOi **********0 C SIBU: (084)*****9 MANILA: (632) *****61 V V PENANG: (04) *****6 BANGKOK: (682) *****87 SURABAYA (31) *****0 P. KEIANQ: (03) *****77 JKT (21) *****07 MOM: (61) *****3 FXT/RTM/HAM DUBAI MV "HJ MARSEILLES" VO44W MV "SONG HE"
      281 words
    • 166 39 ~M H OCEAN ISLAND ICVO9 NaVßdm/Atw/UK I LUCKY WEALTH 30/09 Nan/Rdm/Atw/UK I dELRM 05/10 Nan/RdrrVAtw/Bmn/UK I I* Loads £/W. Mf Indonesia I I__ Loading for ■ESPERANZAC Jeddah/Aqaba/Egypt I ■rainier Dubat/Doha/Bahrain/Damman/Kuwait I ■GLOBAL JANE Dubai/Doha/Bahrain/Darnman/Kuwait I ■iNO Dubai/Doha/Bahrain/Damman/Kuwart I ■CHIAN MARINER HcxJetdah/Jeddah/Aqaba/Egypt/Tnpoli I I -Loads Singapore EVW. Malaysia. Indonesia I Loadng
      166 words

  • Page 40 Advertisements
    • 723 40 SHIPPINGTIMES -r TUESDAY, SEPTEMBER 9, 199? Page M 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. si® Call 740-6000 Press M r&kcy inDocumentCode
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  • Page 41 Miscellaneous
    • 133 41 t LEGINO RTh a Temperature «q Shower'* ofm Weather _X Wmd ejection with *peed in knot* Rom W ov height Cloudy Sky Surfoce wind* at* indicated by arrow* which Hy with the wind One fuN circle represent* colm or light and variable wmd* One hoW Heche repretent* 5 knot* L_
      133 words