The Business Times, 16 September 1997

Total Pages: 46
1 46 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/I^/96 85* SINGAPORE Internet- http://www.asial.com.sg/biztimes TUESDAY, SEPTEMBER 16,1997
    13 words
  • 54 1 M|p|rc' itW* Mm* (+0.79) ntronv kj mut (-4.06) Q HBBDMe mm But 8I9CK BAHD7F DUMB KLSKOOHP !53SL^!3« NIKKEI Ami BANGSENG HUM! +I«ll9 SET INDEX. BUI ,♦118 JAKARTA OOMr SidTf +41J MANILA COUP t,HM> TAIPHWPI BjHUI —-MLB SBOULOOMP dned CUM CHINA B —1.4MJ4 -*.71 AOST AUUOS0 UU *93 vt*
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  • 35 1 81 oar —um s urn t« DM «M MM YEN IN UN UN m u» mt mt mil MKT Utt MO HftAB IN MM Mil 'JbipliSbuto. "Ftatf Cam* to* dm** rata (Source: NatWest Bank)
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  • 508 1  -  New terms call for firnip partner to initially bear financing cost of construction From Eddie Toh in Kuala Lumpur TING Pek Khiing, the man behind the stalled multi-billion dollar Bakun dam in the East Malaysian state of Sarawak, plans to pull off
    508 words
  • 442 1  -  Move may lead group to take in food-related partners for FAB unit By, Jenny Lam [SINGAPORE] Food and beverage group Yeo Hiap Seng (YHS) is looking into splitting its food and property businesses into two separate subsidiaries. Such a
    442 words
  • 486 1  -  Broking firm owned by San Mignel chief talks of US$L6b takeover From Al Labita in Manila RUMOURS of Indonesia's Salim Group taking control of San Miguel Corp intensified with a report yesterday by a broking firm owned by San Miguel's
    Source: Bloomberg  -  486 words
  • 299 1 He drove home the need to placate stock market investors [KUALA LUMPUR] Economic adviser Daim Zainuddin played a key role in persuading Prime Minister Mahathir Mohamad to reverse trading curbs on index-linked stocks, but it remains a mystery why the premier implemented the move
    299 words
  • Page 1 Advertisements
    • 113 1 ROL's profit i««B 50% Neptune Orient Una yesterday reported a 80*/» drop in half-year profit to 16.1 m. Directors warned that the second half wffl be dSfficuh, F*lS v )S Pttpwty Galon September 10, the day that tile state land sale received lower bids, marked the turning point in the
      113 words
    • 76 1 Up a notch [BANGKOK] Customers walking past the headquarters of Bangkok Bank yesterday. Bangkok Bank with three other leading Thai banks raised lending ratesfrom half a point to one percentage point last week to ease the burden of paying interest after Thais shifted massive deposits from smaller banks and finance
      76 words
    • 22 1 gdhi'i lil-iiM goes for backdoor listing, Pg 20 i Ji <0 A W 'V ii* v'«J mms W mk\ iB -IN F
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  • SINGAPORE AT HOME & ABROAD
    • 453 2  -  fMandbasmegs fi«M pi nnfinfflr ft also pLty CDs whenever they want By. Ang Wan May SINGAPORE Airlines has become the first carrier in the world to allow passengers to pick out and play videos and CDs when they want to. Its much-awaited
      FILE PHOTO  -  453 words
    • 162 2 [SINGAPORE] The Minister for Trade and Industry and Second Minister for Finance, Lee Yock Suan, will give the keynote address at the fourth Singapore International Reinsurance Conference next month. About 600 delegates from Asia, Europe and North America are expected to attend the conference
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    • 391 2  -  It will team ap with property groups HER Intl&ndlpohLtd From. Loh Hui Yin in ITrrtigkong THF. Government of Singapoi t Investment Corporation (GIC), in its latest investment in China, has taken a majority stake in a US$2OO million (Ss3o2 million) property development
      391 words
    • 97 2 BY the last week of October, Central Provident Fund (CPF) investors under the CPF Investment Scheme can start withdrawing their net realised profits for the accounting year Oct 1,1996, to Sept 30, 1997. Only sale proceeds received by the end of this month will be taken
      97 words
    • 276 2  -  By David Boey INFOCOMM Asia, the region's only one-stop audio visual and projection technology event, opens to a full house today at the Singapore International Convention and Exhibition Centre at Suntec City. The three-day show will have over ISO exhibitors from 24 countries showing
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    • 351 2 EYE ON THE ECONOMY Lending Reuter BANK credit growth picked up for the first time in five months to 12.5 per cent in July, thanks to increased lending to the buUding and construction industry, latest figures from the Monetary Authority of Singapore (MAS) show. But
      Reuter; Source: MAS  -  351 words
    • 339 2  -  By Carol Eng ELTON John's recording of his tribute to Princess Diana hit the stores yesterday and broke all records as customers snapped up the single within hours. Record company Polygram Singapore reported a worldwide shortage, saying that it received only 6,000
      339 words
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  • Page 3 Advertisements
    • 348 3 Centennial TOW I R 'Persistence of Electrical Nymphs in Space' by lames Rosenquist at South Lobby of Centennial Tower Hi MHP*«* wBHnl Ky&srS* i w3-S9^Vl <■ —^i^^v^alß^Bßl^^^gi!PiMßßMßßl^v_VßH *^,I|? M j M HERE MAN'S ART INSPIRES MAN'S ACHIEVEMENT |k|»;: jj»i|>| a *aH*'*! Is ■••■•••.;;;< "Inspired works of achievement, genius and imagination"
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  • FOCUS: PROPERTY
    • 503 4  -  Fort Bonifacio's developer looks to partnerships with Asian companies By Diana Oon [SINGAPORE] FORT Bonifacio. the 4,440 ha city being built close to Manila's Makati CBD, is looking to woo Asian investors for the project. The vice-president for marketing and sales for Fort Bonifacio Development Corporation
      503 words
    • 649 5  -  TBBPBOPBRTT COLUMN Lower bids at state land sale signal turning point In market's fortunes By Lee Han Shih WHEN a history of Singapore's housing market is written, the date Sept 10, 1997, will go down as the most significant one to follow the May
      649 words
  • Page 4 Advertisements
    • 961 4 Three Freehold Residential Development Sites For Sale By Tender IPS! IffSrH w y W**\\ cw?\ :mSS Anfl Mo Kto Avwy S y Parbury Avenue Seletar Close Rambai Road Mukim 27 Lots 1832 1833 Mukim 18 Lot 251 Mukim 26 Lots 2023 2025 Approx. 61,240 sq ft Approx. 157,362 sq ft
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  • Page 5 Advertisements
    • 113 5 F s For LeaseNew Modern 8-Storey Showroom/Warehouse Near IMM Jurong East MRT Station Showroom/Warehouse 18,200 sq ft Upp floor warehouse 31,000 sq ft Fully air-conditioned Ready for immediate occupation Attractive rental rates For Sale Single Storey Warehouse at Gul Circle Land area rapprox. 200,000 sq ft Built-in area:approx. 120,000 sq
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  • SOUTH-EAST ASIA
    • 460 6  -  BANGKOK But b&ht and stocks stay stable because numbers still better than forecast By Harish Mehta THAILAND'S dwindling foreign reserves have hit a three-and-a-half-year low, falling by another US$2 billion (Ss3 billion) in two weeks to U5525.9 billion, but analysts said
      460 words
    • 332 6 MANILA Deutsche Morgan Grenfell warns of rising bad loans AFP THE Philippine central bank yesterday refuted a report which warned of rising nonperforming loans and slowing earnings growth for the local banking system. Conclusions made by Deutsche Morgan Grenfell "were unduly negative and failed
      AFP; FILE PHOTO  -  332 words
    • 470 6 BANGKOK Lending rates raised after depositors abandon small banks MAJOR Thai commercial banks are facing tough capital management problems after a crisis of faith in the country's smaller financial institutions caused a massive influx of deposits, analysts said. Four leading banks announced a lending
      470 words
    • 344 6 KUALA LUMPUR AFP THE Malaysian authorities yesterday prepared emergency measures to counter a worsening health-threatening haze which has been declared a national disaster. Proposals included limiting traffic into Kuala Lumpur, while one regional expert recommended wearing special masks to minimise the risk from
      AFP; REUTER  -  344 words
    • 248 6 BANGKOK Reuter AILING Thai finance firm Finance One pic laid off about 500 employees or approximately half its workforce yesterday, a senior executive said. Retrenched staff will be paid compensation according to their length of service with the company with most receiving
      Reuter  -  248 words
    • 145 6 JAKARTA Bloomberg INDONESIAN stocks rose as investors welcomed the outlook for improved profit growth after the government cut a benchmark interest rate. The rate on the government's benchmark 3-month SBI was cut to 21 per cent from 23 per cent, creating
      Bloomberg  -  145 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 390 7 i fehfcLtt SS M ■■'■*$&k ■L- j| IML», ■-.J$ ;> v *7. iy^ r -j"^^^SERSPBB^^K i^ i s].v 4^i^HE v<«£ijJK. <&JK <^H V fl P I K 'i, j' I 'iiifiif' I j'mtfliil^^B v-*^l;- f' —^—I^^——«gn&i --^—BMltt--•^fci^iw^ f 'T^ i.-g^^MJ* < v. >M wr£ W .:»ic,v--»- BHH sd w3&{^mZ&.■ l«fl
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  • CHINA – HONGKONG – TAIWAN
    • 634 8  -  15TB OQMMPIIIST PARTY CONGRESS Substantial gap still exists, especially in form goods and trading services, says Chinese official Reports from Lu Ning in Beijing CHINA and the US are unlikely to reach agreement on China's accession to the World Trade Organisation (WTO) before
      634 words
    • 257 8 CHINA is drafting new measures aimed at alleviating the adverse impact of its removal of duty-free import privileges previously enjoyed by foreignfunded enterprises. This was disclosed by Sim Zhenyu of the Ministry of Foreign Trade and Economic Cooperation
      REUTER  -  257 words
    • 481 8 LONDON Mm condemned by US,EUas& compromise for political gains FT JAPAN has broken ranks with the US and the European Union by signalling that it is ready to let China join the World Trade Organisation without Beijing substantially reducing many of its biggest import
      FT  -  481 words
    • 79 8 [BEIJING] A visitor on Sunday comparing pictures of the late patriarch Deng Xiaoping (right) and the current President Jiang Zemin (left) which are displayed side by side, at a Beijing exhibition on China's technological achievements over the lastfwe years. Mr Jiang is attempting to cement his
      REUTER  -  79 words
    • 458 8 BEIJING Country can cope with rising unemployment: labour minister Reuter CHINA'S Minister of Labour Li Boyong has ruled out social unrest despite higher unemployment as a result of a far-reaching streamlining of state enterprises unveiled by President Jiang Zemin, state media said yesterday. "Although
      Reuter; FILE PHOTO  -  458 words
    • 290 8 BEIJING AFP RATING agency Moody's Investors Service has given China a vote of confidence, saying its sovereign foreign-currency rating is on solid ground and could improve, depending on the results of the 15th Communist Party congress now in session. "If the authorities manage
      AFP  -  290 words
    • 621 9 HONGKONG Property index outstrips Hang Seng after Tang rules out introduction of tax to curb speculation Reuter HONGKONG investors and developers celebrated removal of the threat of capital gains taxes in the government's fight against sky-high home prices, but a "soft
      Reuter  -  621 words
    • 447 9 HONGKONG New rales not aimed At keeping out pro-democracy forces, says Tang's deputy Reuter. AFX-Asia HONGKONG'S top civil servant Anson Chan vowed yesterday that legislative polls in 1998 would be free and fair, and denied allegations that new election rules were
      Reuter.; AFX-Asia; AFP  -  447 words
    • 189 9 TAIPEI Reuter TAIWAN central bank deputy governor Hsu Chia-tung reiterated yesterday that the bank had no immediate plan to cut banks' reserve requirements, but vowed to continue injecting funds into the banking system as needed. "The bank sees no reason to cut
      Reuter  -  189 words
    • 174 9 ■HONGKONG AFP THE chairman of the Hong Kong Association of Banks said he expects the difference between Hongkong and US interest rates to narrow within weeks, reports said yesterday. Chris Langley, who is also general manager of Hongkong Bank, told China's official Xinhua
      AFP  -  174 words
    • 512 9 BEIJING Disgraced party chief said to have made call in first political mm since purge but party denies iradvwg letter Reuter, AFP CHINA'S disgraced Communist Party chief Zhao Ziyang, sacked after the 1989 student demonstrations for more democracy, has appealed to the party to review the
      Reuter,; AFP; FILE PHOTO  -  512 words
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  • Page 9 Advertisements
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  • ASIA
    • 510 10 MELBOURNE But picture less rosy in this future, says the soon-to-be-listed telecoms company Reuter, Bloomberg AUSTRALIA'S state-owned telecommunications group Telstra Corp has predicted it will ring up a record net profit of close to As 3 billion (US$3.3 billion) in its
      Reuter,; Bloomberg  -  510 words
    • 78 10 [TOKY OJ A grandfather getting advice from his grandson yesterday during a computer game contestfor people over 60 years old here during a national holiday called Respect for the Aged Day. Japan has a record 19.73 million people over 65, representing 15.6 per cent
      REUTER  -  78 words
    • 365 10 PERTH Canberra wont submit to force to cot gas emission levels AFP AUSTRALIA yesterday brushed off international pressure over global warming, saying the energy-exporting country would not be forced to reduce "inequitable" gas emission targets. "We're not prepared to turn around to
      AFP  -  365 words
    • ASIA Notes
      • 85 10 Reuter [TOKYO] Famine-threatened North Korea is expected to have a 30 per cent increase hi its corn harvest this yew, the Stalinist country's official media reported yesterday. As of last Sunday, the North Korean corn harvest was on course to exceed last year's
        Reuter  -  85 words
      • 62 10 AFP [TORT MORESBY] Former Papua New Guinea military commander, Jerry Singirok, has been charged with sedition over a military revolt against the government in March, officials said yesterday. Hie sacking as military commander in March sparked a week of civil unrest which led to
        AFP  -  62 words
      • 104 10 Reuter [TOKYO] Typhoon Oliwa stalled off the coast of Japan's main south-western island of Kyushu yesterday after causing the death of a farmer and snarling transport nationwide, the Meteorological Agency said. On Amami |1 Oshima island, more than ***** homes were without electricity after winds cut
        Reuter  -  104 words
      • 111 10 Reuter [WELLINGTON] New Zealand's cabinet yeeterday *j§ endorsed a NZ$95 million (5t81.5 million) scheme to elide a landmark tower block about 100 m to make way fix* an extension to parliament Engineers say the unusual feat could be accomplished by slicing the tower,
        Reuter  -  111 words
    • 571 11 NEW DELHI Strong fdrex reserves shield region, but trouble may lie ahead, analysts warn AFP SOUTH Asian nations have escaped the worst of the currency crisis sweeping through neighbouring countries but analysts warn there may be trouble ahead. In India,
      AFP  -  571 words
    • 589 11 S KOREAN PRESIDENTIAL ELECTION Reuter [SEOUL] South Korea's presidential election, once a straightforward two-man race, has been thrown wide open by the late entry of new candidates and stumbles by the favourites. With three months until the Dec 18 election, the presidential
      Reuter  -  589 words
    • 333 11 HYDERABAD AFP A HUGE blaze which claimed at least 30 lives and blew out thousands of tonnes of oil and petroleum gas in southern India raged for a second day yesterday, officials said. Huge clouds of black smoke soared into the sky more than
      AFP; REUTER  -  333 words
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  • Page 11 Advertisements
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  • Page 12 Advertisements
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  • THE WORLD
    • 383 13 GENEVA Vibes not good, S-EA pre-occupied with domestic issues, say diplomats AFP BILATERAL talks aimed at sewing up a December global accord to free up financial services resumed here yesterday as diplomats warned that South-east Asia's jittery markets could impede progress towards
      AFP  -  383 words
    • WORLD Watch
      • 54 13 Reuter [BEIRUTI US Secretary of State Madeleine Albright told Lebanese leaders yesterday that progress on Israeli peace talks with Lebanon and Syria was "absolutely essential" for a regional settlement. "We must go forward on all tracks," Ms Albright said at a joint news conference with
        Reuter  -  54 words
      • 56 13 Reuter [MOSCOW] Russian President Boris Yeltsin said yesterday six powerful bankers had agreed to halt attacks on the government and its two young economic reform chiefs, Interfax news agency reported. "They are stopping their fight with Chubais, Nefntsov and the government," Mr Yeltsin
        Reuter  -  56 words
      • 82 13 AFP [JERUSALEM] Israeli Prime Minister Benjamin Netanyahu yesterday criticised 15 Jewish settlers for taking over a home in Arab east Jerusalem on Sunday as Palestinians warned the move could spark violence and derail peace efforts. "We believe that what is happening right now in Ras
        AFP  -  82 words
    • 367 13 NEWORLEANS CPI seen rising at 2.6% next year after 2.4% rise this year Bloomberg AMERICAN companies are bracing for Federal Reserve policy-makers to raise borrowing costs over the next six months, according to a survey by the National
      Bloomberg  -  367 words
    • 326 13 PARIS FT GLOBAL co-ordinators of the France Telecom initial public offering intend to price the shares at between 170 francs (Ss43) and 200 francs, raising at least 34 billion francs for the country's Socialist-led government. The disclosure follows suggestions the shares might have
      FT  -  326 words
    • 368 13 WIESBADEN. Germany Bundesbank's scope to change rate will narrow by early 1998 Reuter BUNDESBANK President Hans Tietmeyer on Monday fuelled speculation about an early interest rate rise by saying the bank's scope to change interest rates would narrow after the members of Europe's planned single
      Reuter  -  368 words
  • Page 13 Advertisements
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  • FOCUS
    • 1264 14  -  The Russian bourse last year rewarded investors with a 143% return and the best is probably still to come By Paul Hofheinx PaulHofheinzisaMoscouhbased journalist and frequent contributor to Emerging Markets Investor magazine, tie contributed this article to BT [MOSCOW] THE best victories are won by people
      Source: Bloomberg; FILE PHOTO  -  1,264 words
  • Page 14 Advertisements
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  • EDITORIAL & OPINION
    • 810 15  -  OPINION 9BBBOTTOM 108 m Anthony Rowley The writer is BT's Tokyo correspondent SO NOW we know. Thailand and other Asean countries were dealt such a savage blow by foreign-exchange markets because they neglected their "soft underbelly", namely their inadequate financial systems. Now that this
      810 words
    • 90 15 'It's a good time to buy a used Mercedes. The rate of repossessions has gone up. But I wouldn't touch the share market' David Backe fund manager of Independent Strategy when he was asked ifit was time to go bargain hunting in Thailand. 'Unless the Palestinians make
      90 words
    • 605 15 EDITORIAL Thailand's economic crisis has reached the inevitable point where it has seriously threatened Prime Minister Chavalit Yongchaiyudh's position. What was, at the beginning of the year, a property and financial crisis has become a tangled political conundrum that is complicating the passage of a new
      605 words
    • 1093 15  -  Yes says touting political analyst, wke claims only AM can provide the strong leaders needed By\ S N Vasuki The writer is BT's Jakarta correspondent JUWONO Sudarsono is a highly regarded political analyst, whose articulate views on Indonesia are eagerly sought by foreign
      FILE PHOTOS  -  1,093 words
    • 161 15 NO WORDS can express the revulsion that we feel when we read reports of Australian politicians spouting near-Hitlerian hate. And a news item received from Sydney on Sunday certainly made sickening reading. What could be more sickening than the assertion that Asians can best be controlled
      161 words
    • 518 15  -  mmilboz Tom King I WRITE in response to your report filed by correspondent Neil Behrmann headlined "Scottish devolution seen affecting Asian investments", (BT, Sept 11) in which he has reported a very one-sided view of events unfolding in Scotland. Asian investments are safe in
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  • Page 15 Miscellaneous
    • 23 15 POOMESBUBY By Garry Trudeau HAPPY TO I GXXJKRBStGNA XS,fTt5, W POORMQMAN-\ TAKBAHr\7VN&rtcme LWPMWN \/msK m &£&Auyrs J H&L&. JRf 3 pgg., J FARGONBf
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  • EXECUTIVE LIFESTYLE
    • 972 16  -  Ifs the best comedy for the 4th year; Law Order gets its first Emmy for best drama, btbvb jambb reports STEVE JAMES Reuter PRASIER was named best comedy for the fourth consecutive year on Sunday while Law A Order was a first-time winner as
      Reuter; REUTER  -  972 words
    • 472 16 Security tighteoed at fItQjWMTs first MIMHWsdHUfc Reuter [PASADENA, California] Celebrities lambasted the tabloids at the Emmy Awards on Sunday, Hollywood's first major star-studded event since Britain's Princess Diana died in a car crash on Aug 31 following a high-speed chase by paparazzi in Paris. "There's
      Reuter  -  472 words
  • Page 16 Advertisements
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  • Page 17 Miscellaneous
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    • 257 17 Mil FTW CMBBWOBP 7 Take turns to change neat designo) ri 8 It is not true a moral can be 11 A conference of tribesmen "Lur ~"■■I from Ibadan? (6) 12 Idea for softening top of flan (4) ders' sisters HI 15 Got into very hot water (7) IP6T| letters
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  • CYCLE & CARRIAGE GOLF PAGE
    • 925 18  -  MiCKZJius d'cruz enjoys the scenery while honing his skills on a fine championship course in Mauritius NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review. SANDWICHED between turquoise waters, deep green vegetation and the ebony volcanic earth of Mauritius is the Belle
      925 words
    • 812 18  -  Architects Falkson, Barnard worked on volcanic terrain to carve finest course in Indian Ocean By Nicklaus D'Cruz ANTHONY Falkson and Alan Barnard were the two architects who first walked the site on the eastern shores of Mauritius, envisioning a golf course on the rugged, volcanic
      812 words
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  • COMPANIES & MARKETS
    • 275 19  -  fenfctfiAktt (ELlm; directors warn that amod half trill he difficult Audrey Tan (SINGAPORE] National carrier Neptune Orient Lines yesterday reported a SO pa* cent drop in half-year profit to tf.l million. And directors ilorned bluntly that the rest of the year is expected
      FILE PHOTO  -  275 words
    • 266 19  -  Listing will censistef aUftsissaedand folly paid shares By David Boey [SINGAPORE] Foreign board listed telecommunications company CM Telecom International Ltd announced yesterday that it has received approval in-principle from the Stock Exchange of Hongkong (SEHK) for a primary listing there. A statement
      266 words
    • 345 19  -  Use tapite heftier fiaaßdal charges from acquisitions Siow Li Sen [SINGAPORE] Mainboardlisted Osprey Maritime Ltd managed to maintain Interim earnings growth despite much higher financial charges arising from two major acquisitions in a two-year period. The shipping giant yesterday announced a 10 per
      345 words
    • 214 19 Reuter Singapore] An increase in Asian refining capacity and sow demand is expected to hit Singapore Petroleum Co Ltd's (SPC) first-half net earnings, analysts said yesterday. SPC made a spectacular net profit of $80.83 million in the aix months to June
      Reuter  -  214 words
    • 457 19  -  HOCK LOCK SIEW Al Labita THE Philippines' securities regulators must think twice before cracking the whip on foreign funds. Just look at what happened in Malaysia when the authorities there recently imposed trading curbs on foreigners stocks dived and the curbs had
      457 words
    • 339 19  -  By Annette Pau [SINGAPORE] Mainboardlisted battery maker GP Batteries International is aiming for profit and turnover to both grow at the same rate of 15-20 per cent for FY9B, a company official said yesterday. Chairman and chief executive officer Andrew
      339 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 318 20  -  Sftlim unit to merge its vehicle interests with the group's listed Indomnlti From\ S N Vasuki m Jakarta THE Salim Group plans a backdoor listing of its vehicle interests through a proposed merger of its auto arm PT Indomobil Investment Corporation with another car company
        318 words
      • 409 20  -  99-year landed prefect te be laancked later this manth By, Jenny Lam [SINGAPORE] Yeo Hiap Seng (YHS) will launch its newest residential property Parry Green later this month, most likely at an average price of $1.2 million per unit. Located at
        409 words
      • 464 20  -  From Meera Tharmaratnam m Kuala Lumpur MALAYSIAN Resources Corp Bhd (MRCB) said yesterday that it would appeal to the Foreign Investment Committee to see whether it can be exempted from making a general offer for shares of listed associates NSTP
        464 words
      • 201 20 Reuter [KUALA LUMPUR] Malaysian state oil firm Petronas said yesterday it bought a stake in Malaysian International Shipping Corp Bhd (MISC) to optimise the transportation of its liquefied natural gas (LNG). "We have acquired MISC in order to rationalise the transportation of
        Reuter  -  201 words
      • 305 20 Restructuring mm seen to beest firm's profit by £9m a year AFX-Asia (LONDON] Inchcape pic plans to cut around 1,200 workers from its marketing services division by the year-end as part of an ongoing £55 million (Ssl33 million) restructuring, said finance director
        AFX-Asia  -  305 words
      • COMPANY Briefs
        • 62 20 Reuter [HONGKONG] DBS' Hongkong branch has lodged HK9900 million (8999 mlllian) fixed-rate certificate of deposit (CD) issue with the Hongkong Monetary Authority's central money markets unit Ths 7 per cant certificates due on Aug 19, 1980 were issued at per. and the deal was
          Reuter  -  62 words
        • 63 20 [SINGAPORE] Mainboard-listed property sad construction group Lim Kah Ngara yesterday reported a 99 per cent fidl in group profit to $51.O0»for the hatfyeer ended June 90. Turnover rose 9Jfnroentto99l million and net tangihle asset backing per share rose to 99.17. Earnings per share
          63 words
        • 67 20 Wee Poh profit s urpes 27% to $4.5m [SINGAPORE] Wee Poh Holdings posted a 97 per cent rise in profit to Hemillkm for the year to June 90. Turnover jumped 129 per cent to 9146£ million and net asset becking per share rose to X 7.35 cents from 22J9 cents.
          67 words
        • 32 20 YongHai as awn-executive director and a member ofthe audit a>mmlttee.DrChua is a partner in Heidrtek and Struggle#'Singapore office and is also chairman of Lend Lease Asia Holdings.
          32 words
        • 40 20 [SINGAPORE] Keppel Fels yesterday announced the appointment of Lee Tsao Yuan and Winston Choo as director Dr Lee is the director ofthe Institute of Policy Studies, while Lt-Gen Choo was Singapore's High Commissioner to Australia.
          40 words
        • 88 20 [SINGAPORE] Recently-listed Tye Soon has recorded net earnings of US million tor the half year anted June 80. n» group, which did not prspare interim accounts prior to its listing, said its ftdl-year earnings far the U months ended Dec 81 wasfftamilttrm Tumuvet
          88 words
        • 85 20 (SINGAPORE] Rotary Engineering hat announced an ll per cent higher group nst profit of litmillion on a 16 per cent rise in turnover to HO million. Earnings psr share tor the interim Just ended improved trorn 1.3 cents to L 8 cents. For the first half
          85 words
      • 366 22 Firm expects growth in first eight months this year to continue for at least 3 years Bloomberg [HANOI] Coca-Cola Co said its sales in Vietnam almost doubled in the first eight months of the year, a growth rate that should continue for at least three
        Bloomberg; FILE PHOTO  -  366 words
      • COMPANY Briefs
        • 81 22 Reuter [PARIS] French tyremaker Michelin confirmed a newspaper report yesterday that it was in negotiations along with Les Mutuelles du Mans to sell control of Banque Industr ielle and Mobiliere Privee (Bimp) to Kredietbank Luxembourg. A spokesman said the negotiations were expected to
          Reuter  -  81 words
        • 68 22 AFX-Asia [HONGKONG] China Resources Enterprise Ltd is now "embarking on its expansion phase", with its long term strategy to develop a well-balanced investment portfolio between Hongkong and the Chinese mainland. Group chairman Zhu Youlan said in a statement yesterday that apart from expanding its businesses,
          AFX-Asia  -  68 words
        • 82 22 Reuter [WELLINGTON] The New stock Exchange yesterday announced the following changes to the NZSE indices, effective Oct 1. Restaurant Brands New Zealand will be added to the NZSE-40 Index while Tasman Agriculture will be removed. ANZ, Cultus Petroleum and Restaurant Brands NZ will be in the
          Reuter  -  82 words
        • 63 22 Bloomberg [MELBOURNE] Broken Hill Proprietary Co said it plans to spend as much as AIIB6 million (*****.5 million) to buy a 7 per cent stake in a 3,100 km gas pipeline running from Bolivia to Brazil. BHP will pay A|34 million in equity
          Bloomberg  -  63 words
      • 543 22  -  Red chips, H shares make 1912% of From l Quak Hiang Whai in Hongkong RED chips and H shares account for US$BO billion (SII2I billion) or 12 per cent of the market capitalisation of the Hongkong bourse, Stock Exchange of Hongkong chairman Edgar
        543 words
      • 236 22 AFX-Asia {LONDON] Dairy Farm International Holdings Limited said Nestle SA Group will acquire Dairy Farm's remaining 49 per cent interest in the dairy products manufacturing business, Nestle Dairy Farm, for US$4O million (5560.5 million). Nestle bought its original
        AFX-Asia  -  236 words
      • 385 22 HE firm offers to boy 51% of New York retailer for USs322m Bloomberg [NEW YORK) Dickson Concepts International Ltd has signed an agreement to take control of Barney's Inc for US$322 million (Ss4B6 million), the New York high-fash-ion retailer said. Barney's,
        Bloomberg  -  385 words
    • INTERNATIONAL COMPANIES
      • 543 23 Other popular si tes also cite speed woes, and say they have cat back on Java use Bloomberg, Reuter [REDMOND, Washington] Sun Microsystems Inc's wellknown Java language is being replaced on some Web sites by faster ways to deliver information, with Microsoft
        Bloomberg,; Reuter  -  543 words
      • 90 23 [SYDNEY] Ferries yesterday passing a new apartment block (centre) on Bennelong Point which has been widely condemned for blighting the views of the Sydney Opera House. The developer, Hongkong and Shanghai Hotels Group, provoked a renewed wave of community anger when it announced last week it had
        AFP  -  90 words
      • 297 23 Bloomberg [ARMONK, New York] International Business Machines Corp was set to introduce here yesterday nine personal computers in its Aptiva line, including its first-ever foray into PCs that cost less than US$l,2OO (551,812). The world's largest computer maker and software company now has
        Bloomberg  -  297 words
      • 213 23 Reuter [LONDON] Cable Wireless Communications pic said yesterday it expected cost savings of over £100 mUlion (***** million) this year foUowing its creation through a four-way merger. "We will achieve over £100 million in synergy savings this financial year compared with the stand-alone plans of
        Reuter  -  213 words
      • 379 23 Bloomberg, Reuter [WOODCLIFF LAKE, New Jersey] Ingersoll-Rand Co may buy Westinghouse Electric Corp's Thermo King mobile refrigeration unit for about US$2.6 billion (553.9 billion), people familiar with the negotiations said. The companies may announce an agreement this week, the people said.
        Bloomberg,; Reuter  -  379 words
    • FINANCE & COMMODITIES
      • 306 24 Merrill tynch expects lower sales volumes and slower growth in production Bloomberg [SINGAPORE] The devaluation of South-east Asian currencies will likely narrow margins and erode profits for oil companies, said James Brown, head of Asian oil and gas research for Merrill Lynch
        Bloomberg  -  306 words
      • 465 24 Investing in China, HE and avoiding Asean pays off Bloomberg [NEW YORK] Stock markets in South-east Asia have had a disastrous year falling as much as 53 per cent in dollar terms. So why aren't holders of the Montgomery Emerging Asia Fund
        Bloomberg  -  465 words
      • 231 24 Reuter [WASHINGTON] Investors would be misled if funds are aUowed to include in their sales materials special ratings designed fo measure the riskiness of a mutual fund, leaders in the mutual fund industry maintain. The group, Investment Company Institute (ICI), told the
        Reuter  -  231 words
      • 334 24 FT [SHANGHAI] China has given public approval to Allianz, the German insurance group, to set up a joint venture in Shanghai, marking another cautious step in the slow liberalisation of the potentially vast life assurance market. Allianz, the second foreign company
        FT  -  334 words
      • 367 24 European central bank said to have sold 200 tonnes Bloomberg, FT, AFX-Asia [SYDNEY] Gold prices fell in Asia as investor confidence was further eroded by confirmation that central banks are selling a lot more than they used to.
        Bloomberg,; FT,; AFX-Asia; FILE PHOTO  -  367 words
      • 205 24 iwii Report Reuter (SINGAPORE] Simex Eurodollars futures held steady yesterday as fears of a rate hike by the Federal Reserve were dispelled by uninspiring US economic data. On Friday, the US Labour Department reported a 0.3 per cent rise in the August Producer
        Reuter  -  205 words
      • 155 24  -  MSCITAIWAN FUTURES By Perry Gilbert day. By Perry Gilbert, vicepresident, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index September contract yesterday opened on its highs at 380.7 points and closed at 375.5. AUegations of insider trading by a leading securities house weighted on
        155 words
      • 268 24 Reuter [SINGAPORE] China's state oU Arms are expected to accelerate stock market listings and mergers following the Communist Party's ambitious plan to restructure state enterprises, economists and industry sources said yesterday. "OU firms wiU have to increase their ability to raise funds, but
        Reuter  -  268 words
      • Article, Illustration
        955 24 IMTBEBAMg CEOBg EATBS 15 c2T J Si S 515 OS #5#dM0 CMM OJM OJM aw 470 0214 9.932 4JM 1349 0J45 L9M UP 409 4J9S 15M 0J02 95M 0TT7 3.443 4239 4979 ECU 1529 1539 9.09 UN 15M 4545 ********** U39 0429 320 1«244JM3u3 Uf» JkS U» X5M ***** SS
        955 words
      • 281 24 Reuter THE US dollar suffered losses against the mark as the German currency benefited from a rise in German wholesale prices, or dealers said as they waited for economic statistics to be announced this week. The dollar was down to 1.7587 marks at 1245 GMT compared with 1.7728
        Reuter  -  281 words
    • 1290 25 mxmwruMs septis SStSSSScSS5i 1M> On* Mm 0p« HMlil ngi in {|(t (tMMD Mrat pan osjo 134.00 sue so moo *W*7 BUS ***** ***** 100 MOO •R MO. 75 M90 jMrtfcrtt 147.00 9M0 */J*M ***** ono JMnapfO «US 15*25 157.00 4000 WSCmiCTM«HMM VMM 0PM Mhh M* Imi Sdt (tarns)
      1,290 words
    • 2053 25 S«B hw MPorts 272.400 1.400 AMoy National 857.400 *16 AMedDomecq 481.400 22.400 Amec 145.400 2 Asde Group 145.400 *.400 ■ATM 518.400 *2 86 Pie 271 *4.600 StCC 153.400 *8 BOC Group 1060.400 5.400 BR Petroleum 869.400 *6 BTR 236 5.600 Bank of Scotland 433.400 4.400 Barclays 1445
      2,053 words
    • Article, Illustration
      800 26 AFP PSETMg *118 SHARES rose in sluggish trade yesterday as investors hugged the sidelines amid political uncertainty, having already written off a drastic decline in foreign reserves. An analyst warned that the country would be in serious trouble if foreign reserves continued to fall rapidly. She noted that a
      AFP  -  800 words
    • Article, Illustration
      1521 26 AFP UlLuttSeng ♦lW HONGKONG share prices rose 1.1 per cent yesterday on bargain hunting of selected blue chips following gains on Wall Street last Friday, dealers said. "The sentiment is quite good as a result of the stronger US market as well as positive responses to the ongoing 15th
      AFP  -  1,521 words
    • Article, Illustration
      625 26 Reuter QShenzhen B Index -130 THE Shenzhen B share market closed lower yesterday as investors pulled out of the market ahead of the promulgation on Oct 1 of a new law cracking down on securities crimes. The B Index fell 2.30 points to 135.48 on turnover of HK$35 million.
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  625 words
    • 383 26 AFP QWFMg -MLB SHARE prices dropped yesterday as investors retreated to the sidelines amid speculation that the central bank would lower bank deposit reserve requirements to boost trade. "Investors are awaiting the central bank's move before jumping in to buy more shares," said a trader. The TSE Weighted Price
      AFP  -  383 words
    • 237 26 FlWeflingtoo +11.71 SHARES closed firmer after a quiet session yesterday, with sentiment buoyed by Wall Street's bounce on Friday. The NZSE-40 Capital Index ended the session 12.76 points higher at 2,495.94. v- mm AHZ Banking 11.75 ♦0.15 ***** AOvantagai HMgs 0.77 -0.11 ***** Air Nt> Zealand (A) 2.80 -0.03
      237 words
    • Article, Illustration
      750 26 AFP Composite lifei +4J2 SHARE prices closed higher in thin trade yesterday on the back of gains in selected stocks led by banks following a further cut in Bank Indonesia certificates (SBI) rates. The JSE Composite Index rose 4.12 points to 550.76. Turnover was 254.7 million shares worth 320.3
      AFP  -  750 words
    • 310 26 AFP Q Manila -18J6 SHARE prices fell yesterday as investors remained sidelined amid regional currency uncertainty and concern over planned protests against proposed constitutional changes. The PSE Composite Index lost 18.68 points at 2,123. Turnover was 3.9 billion shares worth 1.4 billion pesos. PLDT rose 15 pesos to 890
      AFP  -  310 words
    • 597 26 AFP FlAflftriiMriM +22J STOCKS rose yesterday as renewed speculation about another rate cut combined with a rising Wall Street to spark interest in the bank and finance sectors, brokers said. The All Ordinaries Index rose 22.9 points to 2,662.9. Turnover was 275.8 million shares worth A 1768.9 million. Among
      AFP  -  597 words
    • KUALA LUMPUR STOCK MARKET
      • 8003 27 Last V«4 Day Net Cap U» Cimpaai hH -000 I8gt Iw P/t tM* 7M 400 A#nemoto 474 -4 IS 480 474 26.4 HH U! 231 »«#n 2M -5 20 291 2M U 4217 MS 370 ApoMFeedMg S40 -5 51 570 549 MJ 224.0 765 372 MtfilM 540 unch 31 540
        8,003 words
      • 231 27 AFX-Asia POwnpoßtehlg 4MB SHARE prices closed lower in range-bound trade yesterday on moderate profit-taking, dealers said. The KLSE Composite Index closed down 8.02 points at 844.06. The Emas Index fell 2.19 to 240.69 points, while the Second Board Index eased 4.07 points to 441.84. Turnover
        AFX-Asia  -  231 words
    • WARRANTS & OPTIONS
      • 210 28  -  WARRANT WATCH By Ven Sreenivasan IF THERE is one warrant that should be avoided at all costs for now, it must surely be that of Asia Food Properties. The company, which was resurrected from the ashes of the now-deftinct Amcol Holdings when Indonesia's Sinar
        210 words
      • 3265 28 ■■■■■■■■■■■■■■■■■I 1997 Laat VM Bay Lao* Owk AVI HN> taw Step »aM ♦or- fOOO> Mm. Low Bwyr UBor Prtco M 303 m 3000 m AM08 cS3%*****6 31 J1 35 413 3160 "Ac* W*****1 U55 57 unci) 7 58 57 M S63 131 43 3164 Acma*0l0724 56 -53 140 58 54
        3,265 words
    • 2099 28 S Or Or INT Lad W D«r LHtQMta Ok Hi W M M Cap L— Bt» Cliny Sata *h C00Q1 HN> La» 8fr hl> CW W |mi ~*n M7 ma5000 AJS050C 2M 5 73 228 2M 2* 222 53 4.9 OA 49.1 221* 137 54 mi SOOI AMOSSOc
      2,099 words
    • STOCK EXCHANGE OF SINGAPORE
      • 4681 29 Or Sr M lit IMT Last VM Day Last OmM Oh Bk YM KM Cap Avg Nl» La* StMe ftggg 31a (OOP) Ml# L— Bftr W» Cyr Pit UM Prtco |&As> i <«? y fifigtinr-- IT 3 157 83 1020 ACE Dynamics60c 88 unch 17 89.5 87 88
        4,681 words
      • 399 29 T M m* lm gg" **js "as «s "as as "Jgj ace as i§ "V si "as ST u& ass nss Js .jj§ Him mm/my**. KAM CUM VMMk |>T| »»■>■» MUM* H K I ll I Tt 1H M nmm to n 4 oil 22 t HqM* 4 2 0
        399 words
      • 730 29 It*. is? Ltoyfcl f£ n* nt MM cZ a* _JS* C '1"> *b fOBO» W» In M» Cw Pfl tmm Mm warn ttwmm W Ml AMHMfBV 139 tmp oj |fo a 599 no M S f IS "mm to* *S 2 s s is sfor—%» r ss *25,2 70.3
        730 words
      • Article, Illustration
        41 30  -  -IT Ven Sreenivasan /DWS HYDRAULIC, which It stgnykxuitty Mm fS^rSf.SS!iT£? car MfcMori mum mm ttm earner mUleoMbm trmdtag skkwqm umttl votamm buUd vf to a kmi which is sqfftcknt to hotit ft aboot tht mat tupftrt at around fiJS:
        41 words
      • 596 30  -  STOCK MARKET GOMMHMTAKT Uncertainties en regional currency markets and concerns ever corporate earnings expected to weigh on sentiment, say analysts By Ven Sreenivasan [SINGAPORE] The stock market had another lacklustre session yesterday, with few investors willing to take positions despite many stocks
        Chart info from Bridge  -  596 words
      • 157 30 C* lifecm 75c 8.680,000 MCmta5c 5453,000 tolapfcwp 4,693,000 •MBpadRcll 3,968,000 *MrbNyiS0c 3,667,000 *■—■8100 3,482,000 Asm Foodt Prop 3,445,000 *f«b Hi Foreign 3426,000 iwcapftai xmm *BMMJ8M50C .818.000 ST III *****.010 lOCForeip 9433,105 WIM OSIOc 7,181,790 STUraSOc 6,9464)0 Mil# 6472.730 StM»2Sc 6,405,420 WMp 5476,000 <tflillp 5432.420 4«*|MS0c 5,165,300 *frt»r«raip. 4.*****0 ClilOe 46
        157 words
      • ON THE GRAPEVINE
        • 77 30 WITH the base getting worae in recent day*, I iimiwii ilmiiie trhufciled An analyst ralah>d how a pilot ob an MAS flight waitin« for take-off from Chaagi Airport yeeterfey told his P—tnjws they had exactly ftvemtnul— to make up their minds whetbar they wanted to art offthe plane
          77 words
        • 104 30 wny«oqiiBget hundredarfprees bury their antdgenofaews In a mountain ofhype and fluff So It's quite a rellrf when 1 prees advisory teflstt like It la. lihs this one frcw US networking software coaapany NoveQlnc, which Is gobag through hard tbnee. The advisory starts oft "Novefl may have missed
          104 words
        • 20 30 TH»M| hopt y»t for tbt iflrwl tfywMbnu Urn *31 aeeir^A««i»^BsS3Sr6W« itlawwl «#«kA «T of on $fuft —> fcuiUi Vi.wtt«DU*4ntfih>m>«erMaMifc. ftTKtaMBM-amrtctaiwMTVrkmta
          20 words
        • 1 30
          1 words
  • Page 19 Advertisements
    • 232 19 The increasing need for capital, coupled with the increase ii cragp^ J have resulted in the continuous development of new &/u cglHMflapcial and structures to meet the differing needs of clients^f Planning for the future has become critical, especially aemanding environment. The recent devaluation of Sou|h importance of managing foreign
      232 words

  • Page 20 Advertisements
    • 492 20 OSPREY MARITIME LIMITED (Incorporated in the Republic of Singapore) HALF YEAR UNAUDITED PROFIT The Directors wistUDiafinotince the following unaudited results of the Group tor the six months ended 30 June 1997. FINANCIAL HIGHLIGHTS AS AT 30 JUNE 1997 Revenue US$ 56.4 m 69% Net Profit US$ 8.4 m +10% Earnings
      492 words
    • 162 20 Also available Set Menu For 10 Persons Usual Price $875 now $488+++ Assorted Seafood Cold Cuts Braised Sliced Abalone with Braised Superior Shark's Fin Cucumber with Crab Meat and Dried Sea Perch with Minced Garlic Scallops (Individual Bowl) Special Bean Curd with Smoked Sichuan Duck Stuffing (Boneless) Fried Rice with
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  • Page 21 Advertisements
    • 127 21 SIEMENS Introducing Hicom 300 E. Designed to give your communication the ultimate boost. Blaze a trail with Hicom 300E, the latest teleworking and networking all on one platform. telecommunication system from Siemens that's An integrated cordless facility even gives you high on power and even higher on performance. the freedom
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  • Page 22 Advertisements
    • 515 22 Go Wireless with datafOdffl on HP i m H V'm iJwM *jfcfcl£lfi^E latartam is now available on the latest HP Windows CE palmtop, together with Motorola radio modem card, at an amazing and affordable price. And from 2 Sept 97 to 28 Feb 98, you'll enjoy a free Win CE
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  • Page 23 Advertisements
    • 97 23 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
      97 words
    • 1043 23 /Q\ t it si t i*. 3 UlfiJ WEE POH HOLDINGS LIMITED (Incorporated in the Republic of Singapore) RESULTS FOR FINANCIAL YEAR 1997 The Board of Directors of Wee Poh Holdings Limited ("the Company") wishes to make the following announcement:UNAUOITED RESULTB FOR THE YEAR ENDED 30 JUNE 1907 THE GROUP
      1,043 words


  • Page 25 Advertisements
    • 52 25 ♦Hie Tokyo stock market was dosed yesterday. DftEA" 0 Or make your dream a reality with a piece of realty. Whether you're in the market for a luxurious bungalow or an affordable apartment, you can find it easily in the Classified. Move on to the properties Section, Classifications 400 to
      52 words

  • Page 26 Advertisements
    • 34 26 Call 1800-*****66 to place a quick-acting ad CAXS. ♦The Seoul stock market was closed yesterday. EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY~ To advertise your AikKkitiimili of nonces, aitoMw 1-800-741-1883 The Straits Times
      34 words

  • Page 27 Advertisements

  • Page 28 Advertisements
    • 129 28 WORLD BUSINESS CLASS ,m «n 1 business where time is of the essence. So the global network of Northwest Airlines and KLM is perfect far me, because wherever in the world I I want to go they're there 10 take me. In the US, J Northwest's domestic network saves me
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  • Page 29 Advertisements
    • 55 29 Find Out How You Can Get A Credit Line Of Up To $300,000* i mi With Hong Leong Finance Singapore Finance's Name: I dress HONG LEONG FINANCE MBBfe)SCTi SINGAPORE FINANCE Return this coupon to: Hong Leoag Finance Group 55 I Promotions Development Department WWI—IIMifHWiWBfIfWJBIPPmPiWWBHI——I47O North Bridge Road *05-01 Singapore *****3
      55 words
    • 13 29 Buy It. Sell It. Find It. Classified. QUI Today For Results Tomorrow. 90MIM*
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  • Page 30 Advertisements
    • 353 30 HRSS Notices To advertise call tod-free 1800-*****83 M THE MATTER OF THE COMPAMES ACT, CAP. 50 PURSUANT TO SECTION 290(2Xb) and M THE MATTER OF AtanExßeoniney General Meelng of twrtove named and ImM at 990 Ytahun Avenue 2, f? 3 03 Northpoinl Shopping Cenße, Singapore *****8 on •bnday, 158» September,
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    • 44 30 Kgp Or make your dream a reality with a piece of realty. Whether you're in the market for a luxurious bungalow or an affordable apartment, you can find it easily in the Classified. -i Move on to the properties Section. Classifications 400 to 569.
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    • 97 30 Buy It. Sell It. Find It. Classified. f& CATS. Call Today For Results Tomorrow. **********6 BUY* SEI Classified ads can get you stereo Classified ads are purr...ject for Classified ads puthome-seekers equipment for a song. finding lasi little kittens. M ?rwu/k C lasstfied ads make vactuion Classified ads can speed
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  • SHIPPING TIMES
    • 208 31 CMcainv un -0.01 a fMMLMl (MS *0005 117 Mifaay nm -O.03 MS— mm 0.94 unctl 144 MttcNZOMt) aus *0005 33 ■ClliMBp HNS40 jpy iioi*n» 0.77 *oot s Juranq SMpyard 6.75 *OS 4 MWMCarp fcOO *0.05 «M *a*»* rcis... 431 *OS 109 m»miil>H UO *OiM 94 MMTIT .105- uneh
      208 words
    • 331 31 Bridge News, Reuter TRADE was sluggish on the freight market ahead of the holidays in the Far East. Little activity was reported for Panamaxes, although the Capesize market remained buoyant with rates in the Pacific holding firm. The week has been very indecisive, Clarkson Securities Ltd said in
      Bridge News,; Reuter  -  331 words
    • 615 31 Reuter [SINGAPORE] Maritime authorities will look at accelerating a ban on the use of single hull tankers responsible for a series of recent oil spills at a conference this week. The United Nations agency for marine affairs, the
      Reuter; FILE PHOTO  -  615 words
    • 497 31  -  Trade experiencing high volumes; Japanese arm of FEFC to restore rates from Oct 1 By\ Marcus Hand [SINGAPORE] Liner conferences on the Far East-Europe trade have been restoring rates in response to high volumes on the trade. Following increases on the Far East, excluding
      497 words
    • 383 31 Lloyd's List [PANAMA CITY] Panama Canal Commission board president Joe Reeder is confident there will be a seamless transition of the waterway from US to Panama control at the end of 1999. "The credibility of the US and
      Lloyd's List  -  383 words
    • 203 31 Journal of Commerce [SAO PAULOI The sale of the prime container terminal at Brazil's most important port will create huge opportunities for global exporters in reaching the untapped markets of South America, experts say. Whoever wins the Terminal de Containers
      Journal of Commerce  -  203 words
    • 1038 32  -  HEW SEAMEN'S STANDARDS Largest supplier of seamen faces problems in bid to comply with maritime world's 1995 STCW Convention From Alec Almazan in Manila THE Philippines, the world's single largest supplier of seamen, faces a host of problems in its bid to comply with the 1995
      1,038 words
    • 281 32 PACE Ethiopian 6 ACL n Eurohans 6 AM. 3 Emgreen 6 Accord 12 Famous 7 Appenship 5 FL-Bright 6 Astro 3 FoongSun 12 Austral D CUl Avant 6 u BSA 7 Genslipg H Batamtndo 7 Clolilnk 7 Bayswater 7 B'i aM Uu n
      281 words
    • 15179 38 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Viiid Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SM Desfn Name Name NMMHar Number SIN Oest'n None Name Number Number HMBNHMMHMHHMMMMMMMHMMHMMHMMMMMMMMRMNHMMHNHMMMMMMNMH HOMHHMMiNHMNMHHMHMMHNNMMOBMMHHMMMMMNNMMMBHHMMHM A To BRISBANE (BNE) 2058 M Queensland, Australia To ABIDJAN (ABJ) 2003 «/n 17/10 cosco xing he atu *5 22*1900
      15,179 words
    • SHIPS IN PORT
      • 735 45 Vwssrt Voy Mo Borth Arrtwal Departure JmiM Apti 09 J22 tiipd *.09/0*00 Vttn Dm* V9701 JO! Olipill B.09/0900 AltM 4H JB <I»|H«I 17 09/2300 Mm MM *370 J02 <H|lHl *09/238 KJ<NN» *****7 JOI aMnpM *.09/1400 M1*7 77 *****7 JOI *aa|*M 15 09/1900 M *4|a J*ya *****7 JOI llnpll
        735 words
      • 1784 45 RECEIVING Of EXPORT Fa CONTAINERS AND La CARGO lookkif/lilMct ftsth SMp Voy Mo Etb/ttr Nrtod Frw T> Fw Umfyt *****1 MM tt MM Mm MM nmoo Mm M*OO a H/ITOO w0*59 */o*oc a MM Mm UMNO 1 MM MM i6/uoc 4 MM Mm M700 MMtk 004 17/0400 i
        1,784 words
      • 848 45 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars In stead of single price* for a more comprehen sive description of the market Price* shown are bated on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        848 words
      • 184 45 Sept M Hong Kong: Chinese Mid Autumn Festival. Taiwan: Mid Autumn Moon Festival. Mexico: Independence Day. Sri Lanka: Binara Full Moon Poya Day. Sept 23 Japan: Autumn Equinox Day. Sort 28 Taiwan: Birthday of Confucius. Ootl China: National Day. Oot 2 China: National Day Holiday. Oct Australia: Labour
        184 words
      • 404 45 CaitM 180 Mm 9902 0.9 1S.4 0.00 59 0.04' OooMty Water RmMm Ask JUummmr MUmI Ho akow £25 0 0 1 0 0 0 %H/H 300 Aw 90S J 0 J 12.8 0.06 32 0.02 Cum 380 Mm 994.0 0.0 17.7 0.09 SI 0.07 Hi akow
        404 words
    • AIR & LAND TRANSPORT NEWS
      • 466 46  -  Its refusal to open up skies will canse its aviation sector to suffer, US official tells conference By\ Marcus Hand [SINGAPORE] Japan's "intransigence" over aviation liberalisation should not be seen as a model for the rest of the region, a US
        466 words
      • 220 46 AFP [BEIJING] Chinese aviation company Xinjiang Airlines, based in northwest China has taken delivery of its first regional commuter plane ATR 71-210 A, the official Xinhua news agency said yesterday. The plane, built by the European consortium Aero International (Regional), will
        AFP  -  220 words
      • 255 46 AFP [BONN] A German military plane, a Soviet-built Tupolev TU-154, with 24 passengers is presumed to have crashed while on a flight to South Africa and may have collided with a US military aircraft carrying nine people that also vanished in the
        AFP; REUTER  -  255 words
      • 277 46 Reuter [SYDNEY] The Australian government said yesterday it would impose cross-owner-ship restrictions on three airport pairings in the second phase of airport privatisations. The restrictions would apply to Brisbane/Coolangatta, Melbourne/Adelaide and Hobart/Launceston, Finance Minister John Fahey told a press conference. Fifteen airports
        Reuter  -  277 words
      • 385 46 Reuter [WASHINGTON] Rising passenger and cargo traffic combined with lower fuel prices should propel US airlines to record profits in 1997, an industry group said. "Things are looking up for the industry and we expect that to continue through 1998," said David
        Reuter  -  385 words
      • LOG Book
        • 118 46 AFP [KARACHI] Pakistan International Airlines (PLA) put off a decision on a multi-million dollar wide bodied aircraft to replace its ageing Boeings, airline sources said. At a marathon 10-hour meeting recently the board reviewed PlA's much awaited fleet replacement plan but could not finalise the
          AFP  -  118 words
        • 46 46 [JAVA] Passers-by looking at the wreckage of a Jaya Bakti Super Bus yesterday after it crashed into a dump truck on Sunday, killing 36 people. The bus was on its way to central Java when the collision occurred on a toll road. —AFP
          46 words
        • 111 46 Reuter [ST GEORGE'S, Grenada] National carrier Air Jamaica is hoping to form partnerships with several small Caribbean airlines to expand its network, a senior executive says. Tom Hill, Air Jamaica's Eastern Caribbean manager, told the Caribbean News Agency yesterday the airline aimed to complete
          Reuter  -  111 words
      • 391 46 It aims to be leader in recycling old vehicles chairman Bloomberg [MONTREAL] Nissan Motor Co chairman Yoshifumi Tsuji said the car manufacturer will lead the world in developing technology to recycle old vehicles and protect the environment. Tokyo-based Nissan, the world's sixth largest car manufacturer
        Bloomberg  -  391 words
      • 1705 46 orr war m w at MMMl Of81 1930 Of82 2055 6»»|rtWiWC S0803 1905 C2354 0925 S0229 2220 MM5I07 2320 S0004 1020 Amsterdam $0327 0805 CA892 0030 H** **745 1300 VK744 MOO GA897 1045 KL844 0040 **741 1310 VW740 1410 KL837 1455 K1838 2300 Hat Yal TG407
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  • Page 31 Advertisements
    • 20 31 Convention: Cnmch time for Philippines Largest supplier of seamen faces problems in bid to comply with new standards. Page 2
      20 words
    • 383 31 Asian nations urged not to follow Japan's air policy Its refusal to open up skies will cause its aviation sector to suffer, US official tells conference. Back Page People a KH Koo of Tai Chong Cheang Steamship Co (HK) Ltd has been elected chairman of the Intertanko Asian Regional Panel.
      383 words

  • Page 32 Advertisements
    • 805 32 [SINGAPORE CAUFOfIMA EXPTOSB {DIRECT fWOM WIST CO*»T) ISjglUmtf UP*** tWH .Vrf'.kf" wsia »w on vm iu us« vgsa vor II MM uh m cm ~wt ni~ NOtTOfAZ SMK3* IS/01 2S/M M/M 01/09 10/09 HOIK* 171 M/M 07/00 00/09 11/09 10/09 11/09 D/ 09 NEPTUNE AUXANORITE 33W535 01/09 04/09 04/09 00/09
      805 words
    • 681 32 Line 4 services represented fsns%n\ MemberB <* R °o ,B r v o> Accredited Shipping Agents. ywy Sfcore National Shipping Assoc. Membersolthe Mikl Singapore Freight Forwarders Association lAL Container Line (UK) Limited 4<; Agents Marine Transport Resources IS! Pte Ltd Tel 223 8380 Fax 223 8387 Service is not an
      681 words

  • Page 33 Advertisements
    • 1135 33 1 PACIFIC SOUTH WIST EXPRESS (DWECT) AISO ACOFTING MAHAUS VIA LAX/HOU Ivgsa 1 vor 1 no. 1 sura Isnetp iax m. |mm I oo I mk 1 in. I hou wo« I I Ifl KOREA OIK OS/M 10/00 11/01 H/W 101/>0 I 01/1* I W/10 IM/10 01/10 01/10 108/10 tftMim
      1,135 words
    • 2079 33 I HANJIN SHIPPING USA CANADA* IUMHAUL/VOT MM SM S£A IfM 11* TOO 100 |WT I la IWHIMI W W( "05~ TVf TTZ TU TTt g itBmKTHWti 17/w w/w w/w 11/10 u/io n/io w/w n/io 14/10 is/io 14/11 u/w 17/10 is/w n7io~ Is/io" "is/iT u7ir ii/io" OWBMKWUSWg 14/W 23/* 10/10 W/W
      2,079 words
    • 105 33 (APT) ORIENT EXPRESS UNES (U.K.) LIMITED ygj, (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VOY SINGAfOtt IQWIAY VISSIi VOY 10MMY SJMGAfOtE ALBERT BRIDGE 004 17/09 26/09 ALBERT BRIDGE 003 08/09 17/09 AJTHA PARtCHART 007 19/09 27/09 JUTHA PARtCHART 006 10/09 19/09 OOCL ADMIRAL 006 22/09 30/09 OOCL ADMIRAL
      105 words

  • Page 34 Advertisements
    • 1445 34 <CT DSR-SENATOR mVb Round the World Container Services TO UK/CONTPpSWT FROM UK/CONTINENT |«sstL |w m WM ant owv I ham I hjc lha IfyKsti Ivot mo fu I wtm I on» mm fiST HANJMSEATTU WF74I 10.00 0110 1019 10.10 1110 12.10 14.10 CHOYANG OLORY EE73O 24 00 800 2f H
      1,445 words
    • 1016 34 II ISIORWSIA VESSEL vor fiMOOABa^VALAU^ROTRO^/Ill^^^Utt 2!i I*2 «W« WW WM IVIO 13/10 10/10 11/11 12/11 wi NORUEL 1717-3 2S*O WO 12/10 21/11 22/10 0 29/11 11/11 17/10 MSC SOPHIE 973 M 11/11 17/11 19/10 2MO 2WIS 2VIO 01/11 23f10 24M 2MO NOR SHANGHAI 173W N/11 2VIB 2*ll 2VIO 06,11 01/11
      1,016 words
    • 535 34 1 LHIf Br mi iiMMi mxi MSUIT J MUARA LABUAH I > vßsa vor no ra vusa vor ire n* SPOH MlttA SPOM UN jnosra u/m m/m jnosra v?n/*7 17/ m 21/ m APMGUMT V2X/97 M/M 23/09 APttOOfY V»/97 M/M M/M JPtOSW V22W M/M M/M J MOSW V2S/I7 M/M M/N
      535 words

  • Page 35 Advertisements
    • 1397 35 Hum IvesagL voy lam I bkk pqu pko pen blw sub ba mn MAN TAKHTI PJL-1249 28/06 08/00 08/00 IRAN VAHOAT PJL-1253 04/00 31/08 07/00 22/00 24/00 IRAN QHEYAMAT PJL-1248 31/07 07/08 02/08 18/08 18/08 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA.
      1,397 words
    • 1091 35 COMPLAINT HOT-UM gl f;s| TEM *****35 j|9l IMWWOtE'S MNi«*l AGENTS: 6 SHEKTON WAY TO: 226 IWOAX: ***** M OUTWUD {l/U SfSJmJKIE!"* m ITD mm m/ 6s 4 2 SM, M «WA«o otn (0/0| «»S7ls COSTAN AGENCIES (M) SMI MD _TOWMJWOJQ4IIOf)_--CQllVBjTjOtlAl__j__42os4so/55 T/SHKT DIPT 4WSI2S TIL #2-07-15 ***** FAX- >2-07-*****7t I *BAor
      1,091 words
    • 312 35 f/AA PDZ LINES SDN BHD"^ TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 wohw-wiw nuun/j wu**moKn*am /mcm MM-MMam/j GftM 9743 11/09 GMIM 9743 11/09 ***** 23/09 I ®ISOON ♦/111 It/99 GISIANG 9701 20/09 GIWI ***** 30/09 GOU ***** 20/09
      312 words

  • Page 36 Advertisements
    • 1236 36 I WKnwcmommvmHm** I C SGP ROM MIW HOG THP ZEE U4V I LHV TUP ROM MIW HOG PKL 11» I I F £2! Itft# IVl< 11/11 13/11 14/11 15/11 E 6ARWO RE ON 2VM 27/00 20/00 2S/M 20/00 22/00 23/W c 2 17/11 23/11 WW WM *M> 22/11 IE GLOWING
      1,236 words
    • 1047 36 1 ?SL 555 L SRL oii VR» VOYAW dm MA till DM lid W 1 HUM CONCEIT M7MJ7* IfcM 21/ M 71/W 21/W 3(VM 01/10 01/10 01/10 UM (MOW 0470 040t 07/ M m/M mam m/m uT/rL -n/m I UMf COMCOCO *****40* 2VM OVIO OVIO 07/10 01/10 00/10 01/10 SST
      1,047 words
    • 516 36 NANTAI LINE I FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA I rasa vor |sw I rui Iki or' 11 mmiwiig .pits i4/w pi/to os/io II mmvaus n» b/w os/io io/io 14/ic I J*** PITS 04/10 13/10 17/10 11/10 I mmrmoss pits ivip 01/11 »/i 0 11 mmwffli Q23S w/io ?r/io
      516 words

  • Page 37 Advertisements
    • 721 37 t'i BSfl a. -J IJI f rJPJf -j ,1 mm MYANMA wBBk FIVE STAR UNE «T (Myanmar National Lim) Loading for Yaiigoß (Rangoon) vk«i vor sin pig m roil MONO LA 4W SID rum 143W M PT MALAYSIA AGtNTS: OOUSTIAD SHIPPING AGENCIES RUL TU 02-43-*****00 PRL HI 02-03-*****01 Pllt HI
      721 words
    • 1140 37 MERCHANT MARINE CO. LVD. WESTBOUND TO EUROPE BKG: *****32 IvtSSEI VOT «N l« I RTM I AMT I MAB I ORI I Ftt HY COMMODORE 304W 21/09 N/10 09/10 11/10 11/10 11/10 14/10 NY FEO4RAI 3MW 20/09 15/10 11/10 10/10 10/10 10/10 21/10 NY AORHRAI 309W 05/10 »/10 23/10 25/10
      1,140 words
    • 544 37 FAMOUS CONTAINER UNES lItS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 3/ HOT UNE: *****33 (30 UNES) WE» P«at MMKSS: —E-MAIMWBS: DAILY SAILING TO Y "~>l 1 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 CWT QLOBEUNK
      544 words


  • Page 39 Advertisements
    • 41 39 To retrieve more schedules, just follow these simple steps... y document the port your Step key in the four number Ajp digit code Key in your Exampto: r-L, fax number To NEW YORK (NYC) 2275 for calls within Singapore UnitOd StBtOS
      41 words


  • Page 41 Advertisements
    • 357 41 INDONESIA NATIONAL LINE TO EUROPE n EXP REM MM CQffTW ***** l 1 1 SEWVICg «ivoy I t rain adam/r dam hsuhg sremen Antwerp KUTAI 39W» |3|jL_»2g| 30/9 3/10 OMIT 7/11 TO AUSTRALIA FULL COWTAMMR SERVICE WL II W IB HM I API I FRt Mucnrm v.m ivm um mm
      357 words
    • 1167 41 ADVANCE CONTAINER LINES (PTE) LTD ——API 140 Cecil Street, #12-00, PIL Building, Singapore *****0 M Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E IAHCKOK JAIAWI (5 SalllngiAVook to PAT, 3 Soilings to BMT. 2 Sailings to LCH) FOWT AUTHojuixT THAILAND |J vtssa VOY HN HOC SM
      1,167 words
    • 794 41 VESSELS I VQY j W I JED W) 1 Lffl I hW WTM THP H** WLLE DE VELA V2IW WW 28rt» »W 07/10 o*lo I*lo iyip ?2rt0 MLLEOECAPBXA T22W 21/QQ 01 AW 03/10 12/10 13/10 IWQ ta/10 17/10 VXEOEUBRA L22W WW 06/10 10/10 I*lo 20*10 22/10 23/10 2VI0 VIU E
      794 words

  • Page 42 Advertisements
    • 776 42 lIWIKOK/UIM CHA»ANO JAK ART A/RAN J ANQ VgMEL VOY I SIN BKK LCH VESSEL VOY SIN JKT PJN B*** BHUM 63N In Pt 20AM 19AM DEJA BHUM 713S 19AM 18/09 MAR 6 BALTICUM 9777 17/09 20/09 EAGLE HOE* 197 In Pt 20/09 XETHABHUM 21SN 17/09 21/09 MATHU BHUM 347S 18/09
      776 words
    • 164 42 SO TROK BLANGAH BOM) 102-02 OTPORT CENTRE. STORE 0409 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CB NO. **********QW vfssa m. En etd destination MAMNOMA 3MI 17«*97 IMM7 PALEMBANG/PKLBALAM KM(M 1»97 IMM7 IMM7 JAKARTA/SEMAAANG.VAKJARMASIN UUMII ZS/fl 19W97 1M1197 PONTMNAK MAMMA 32*1 2MM7 244M7 MUNTOK RRMMM 1257 3MM7 31/91/97
      164 words
    • 682 42 POL INTERNATIONAL I »MHeiH«ah<4>ifi Unl I i i. I Mmrncurci) sslgs/wk —I IWT MM MT IMi H SEfcJftES I Elßia I] I SURABAYA 2 SIGS/WK I w I vot I' <m IMB 1 r*krsm U164 ATO A IHe I If/JI gg I I I I r~--TTTT >T 1 I 'liJg-1
      682 words
    • 758 42 I J| /ICCORD J A SHIPPING PTE LTD J WSSSS6 (40 Lines) PAX > *****46 fOKTKUKG (03) HJIMI "I EK M OWCT ACCESS IB.: *****57 (IXPOftT OOOIONO) MSVOMW (07)U11V7 ■I *****67 (EXPORT DOC), *****64 (IMPOIT) ($4) W1441 uUiTA (7l)*»0m ha $m "potr n» aw poti msm pq«t nA mw I
      758 words
    • 45 42 0 HANGLI SHIPPING WRECT REGULAR SERVICE JAKARTA SURABAYA P.MMMJW 2*/09 2VW PMKIBM 02/10 03/10 P.JMR 07/10 OMO P. MUMffiM SW*AYA ia/09 19/0# MMMON EXPRESS 23/09 24,09 MWFUmj 01/10 021/10 ■WCTICTmi 07/10 09/10 MMRami UNTTED SHIPPING ORGANISATION PT. INDONESIA SHANNON SMPPWG CORP. TEL: *****88 FAX: *****00
      45 words

  • Page 43 Advertisements
    • 443 43 /O, SINO EXPRISS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE iSINOTRANSI f J S (*****7). TEL: *****00 FAX: *****08 V U44J T* TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI TUTTO 9755 T0759 H759 M/M I NfW HAIHUNG m g7g ***** TgTj JIN
      443 words
    • 255 43 CwlerWllliuKl.W J «BU: (004) *****9 MANUL (632) *****61 PPIAMQ; (04)M46X BANGKOK (002) *****67 SURABAYA: (31) 2*lM P. KELAWQ: (03) *****77 JKT (21) *****07 MDN: (01) *****3 FXT/RTM/HAM T Puijl MV -HI HAMBURG" VO3IW MV "ORIENT CORD" GW37 ETA SIN: 22-9-97 ETA SIN: 18-9-97 SYPMEY/MELBOWWE AUCKLAND MV "HOI MM* VMS MV
      255 words
    • 135 43 ■oCtAN ISLAND IMPORT NarVRdrrVAtwAJK I ■LUCKY WEALTH 30/00 Nan/HdnVAtwAJK I ■DeLRNI 05/10 NarVHdrrVAtw/QmrVUK I B Loads £7W Mfteya. Indonaw I ■ESPERANZAC Jeddah/Aqaba/Egypt 1 ■RAINIER Dubat/Doha/Bahrain/Damman/Kuwait I ■GLOBAL JANE Dubai/Doha/BahrairVDamrnark/Kuwait I ■INO Oubai/Doha/Bahrain/DammarVKuwaß I ■CHIAN MARINER Hod«Ktah/J«ddaWAqaba/EgypbTripoli I J Toads Singapore, E7W. Malaysia. Indonaaia I ■SPAR EIGHT Loa Angslss/Haw I H
      135 words

  • Page 44 Advertisements
    • 379 44 imi'fyni uri^: Shipping Times -3USINESSCENTRK Page M TUESDAY, SEPTEMBER 16,1997 t Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. Call 740-6000 Press" 1"
      379 words
    • 317 44 $028 IS^SBjil commemorative issue. j Call us now ok^m. Multi-storey warehouse: Tuai Avenue ,3 P. 10,000 square metres currently available (1,800 to 2,000 square metres per floor) 'II Close to PIE/AYE/KJE Second Link to Malaysia High Ceiling Heavy Floor Loading Air-conditioned bonded warehouse facilities Record storage management services Total logistics
      317 words

  • Page 45 Miscellaneous
    • 126 45 LEGEND R Thunderstorm c X\ V Shower Weother _X Wind direction with speed in knots ee Roin IA Cloudy Sky Wov# h M Swrfoce winds ore indicated by arrows which My with the wind Vi) On# W circle represents calm or light ond variable winds 1 One half Heche represents
      126 words

  • Page 46 Advertisements
    • 184 46 TOC ASIA 97 The Event for the Shipping, Ports and Terminal Industries Raffles City Convention Centre Westin Stamford/Westin Plaza Hotels 2 Stamford Road Singapore 16 -18 September 1997 TOC Asia is renowned as the international meeting place for senior decision makers from ports, terminals and shipping lines worldwide. The TOC
      184 words