The Business Times, 2 July 1996

Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, JULY 2,1996 85c
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  • 10 1 SSU KSw muaaßt ■000 c nwK Mnvr osnas^
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  • 20 1 |i- t#i —«w jg_ <31 WPIAMW 7> v i i "i i ram urn NBWVOtt— AH (Source: NatWest Bank)
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  • 545 1  -  British Airways, Singapore Airlines and Swissair are in the game too By. Ang Wan May [SINGAPORE] Qantas is planning to install interactive personal TVs on 60 aircraft this year, making it the latest contender to be the pioneer airline to enable gambling
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  • 501 1  -  Places in the prized queue for Saturday's launch said to cost $30,000 to $200,000 By. Michelle Low [SINGAPORE] Housing agents have hired "queuers" to stand in line for the luxury Ardmore Park condominium units which won't be open for sale until
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  • 367 1  -  Some willing to rent ont their vehicles for jnsts3oaday By\ Christopher Tan [SINGAPORE] In what may well be a sign of the times, private car owners are renting out their vehicles for a fee and flouting the law
    367 words
  • 526 1  -  Company writes off its entire investment in US distributor Reveal Computer By. Lee Han Shih [SINGAPORE] Aztech Systems shocked investment analysts yesterday, declaring interim losses of $32.5 million when most analysts had expected almost as much in profits for the ftill year. In
    Source: Bloomberg  -  526 words
  • Page 1 Advertisements
    • 82 1 fi^ RfeftHE M ww I VP R5 hb^PH vvl(prMqF> Cerebos* concentration on its food business is paying off Pg IB Sremain^besaifc gsther the rental market prices a few years down bombaML Corporate affiura director Mun Ho# MMttid in mkM'V April that analysts' consensus forecast was "a btt conservative." subscription expected,
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    • 20 1 What kind of company te Amooß company by default, Pg4 Property WI N with B LAC K SPECIAL ...IN S
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  • SINGAPORE AT HOME & ABROAD
    • 346 2  -  But some analysts not ruling oat private developers being picked for the sites By. Diana Oon GOVERNMENT-linked developers will most likely be chosen to build executive condominiums on the two sites identified in the Ang Mo Kio Development
      346 words
    • 317 2  -  Sale could net at least $12m and each owner would got around $LBm By] Michelle Low A ROW of townhouses in Telok Kurau is being offered for ;ale en bloc, and could net at least $12 million, going by past sales
      317 words
    • 365 2  -  Byl Conrad Raj THE former managing director of liquidated commodities firm Credit Consultants, Tony Tay Tuan Ngee, 45, was charged yesterday with another three counts of criminal breach of trust involving a total of $6.05 million. Together with another CBT charge a week ago
      365 words
    • 349 2  -  EYE OK THE ECONOMY GDP By Anna Teo CHANCES that economic growth will dip below 7 per cent over the next three to six months have risen but the probability remains low, according to an indicator developed by Fraser Securities. As at the end
      Source: Frasers Securities  -  349 words
    • 284 2 NEWLY spun-ofT Imation is aiming for annual revenue growth of over 30 per cent in the Asia-Pacific for the next few years, the managing director of subsidiary Imitation Singapore, A K Tham, said yesterday. International data storage company Imation was launched yesterday
      284 words
    • 241 2 THE Singapore Democratic Party (SDP) and the Singapore Malay National Organisation (PKMS) yesterday welcomed the idea of reconvening the Cost Review Committee (CRC) and challenged the government to spell out how and where the SDP-PKMS cost of living report is "full of errors".
      241 words
    • NEWS Roundup
      • 46 2 SENIOR Minister Lee Kuan Yew will address 600 corporate chiefs and senior executives next Wednesday at a conference hosted by the Singapore National Employers Federation. Mr Lee is also due to talk to unionists the week after the employers' conference.
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      • 74 2 THE Parks and Recreation Department (PRD) and the National Parks Board (NPB) have merged to form one new organisation, the National Parks Board. Tan Wee Kiat is the chief executive director of the new board, which came into effect yesterday. The PRD was formed in 1976
        74 words
      • 54 2 NTUC Fairprice Co-operative has appointed Chay Wal Chuen as general manager of corporate planning. Mr Chay is the Member of Parliament for Brickworks, and member of the Government Parliamentary Committee (GPC) on defence and foreign affairs. Mr Chay also was an economist with the
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      • 57 2 THE Housing and Development Board will give property tax rebates to all 20,000 of its commercial and industrial premises. This follows the government's February announcement that it would cut property tax for commercial and industrial properties by one per cent to 12 per cent per
        57 words
      • 49 2 SINGAPORE Power has extended the hours for reading utility meters outside some HDB apartments to after office hours and during weekends. The extension will first cover HDB apartments in Clementi, Bedok, Yishun, Bishan and Chua Chu Kang, and will be extended to other estates later.
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  • Page 2 Advertisements
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    • 10 2 House Fly Problem T.y The Exocutor Electmic Insert Killer Kills
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    • 10 2 Young Parents When you want the best for your children
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  • Page 3 Advertisements
    • 441 3 "Once you understand the basic swing, it's just a matter of adapting it to different situations." DAVID LEAD BETTERWhether it is the proper routing of the to see that person play. Everything Ido works full swing, or escaping a deep green-side toward that." bunker, David Leadbetter has always had a
      441 words

  • FOCUS: PROPERTY
    • 797 4  -  THE PROPERTY COLUMN It's becoming a property company as SES intervention and disruption of trading businesses stall Its future plans By Lee Han Shih WTTH its trading business in disarray, is Amcol Holdings becoming, by default, a property company? And if it is, what does that
      797 words
    • 328 4 NST [KUALA LUMPUR] Renong Bhd has said its subsidiary is selling two parcels of residential and industrial land in Gelang Patah, Johor, for some Ms73o million (Ss4l3 million). Renong said in a statement on Friday that Prolink Development Sdn Bhd was disposing
      NST  -  328 words
    • 347 4  -  A USs7oom residential project is taking shape in south Vietnam From, Harish Mehta in Ho Chi Minh City BUI Thuong Sach made his money as a rice trader in Ho Chi Minh City. He is now building canals not to irrigate rice-fields but to beautify
      347 words
    • 328 4 [HONGKONG] The Hongkong government has been urged to rethink its policy after it was found that up to four times as many homes are being built under different housing schemes, the South China Morning Post reported yesterday. Meanwhile, about 150,000 families
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  • Page 4 Advertisements
    • 256 4 School Site at 71 Bukit Tinggi Road fO* SALE BY TENDER Ecote Francase /A (7 Located off Dunearn Road in m. District 11 rInS&Z? Site Area: 118.032.64 sf(approx.) I Cont«d»*M.m a-hooj r 100 years lease commencing from &Jhfiil3|( Situated within an enclave of foreign 1 HfciluHA institutions, professional institutes Oi
      256 words
    • 169 4 COLLECTIVE SALE 147, 47A-F LORONG G TELOK KURAU Freehold Title Established residential neighbourhood 5 DGP plot ratio of 1.4, Up to 4-storeys Land area: 22,025 sq ft (Approx) --sZmSC-T afL \o\ Good accessibility and proximity to good schools Tendf Cto—: 1 Aug *96 (Thu) tl 3:00 pm r Vl\ For
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    • 116 4 JANSEN ROAD EXCLUSIVE 2Vi STOREY BUNGALOW K 1 1 irH 999 years leasehold Elevated land of 14,000 sq ft/built up approx. 7800 sq ft 7 bedrooms with attached bathrooms plus servants' rooms, study, music room, art room k games room Quiet, serene environment Landscape garden with BBQ pit 4c fish
      116 words

  • SOUTH-EAST ASIA
    • 391 5  -  KUALA LUMPUR Implications of court case not serious, says minister; firms told to go ahead with signing By Ho Kay Tat TENAGA Nasional Bhd and Ekran Bhd will sign the power purchasing agreement (PPA) for the Bakun hydroelectric dam tomorrow. Energy, Telecoms
      391 words
    • NOTE Book
      • 57 5 Reuter [JAKARTA) Indonesian opposition leader Megawati Sukarnoputri said yesterday the government was "arrogant" in backing rebels who ousted her as leader of the Indonesia Democratic Party (PDI). Ms Megawati sakl the government was responsible for street protests staged by her supporters, who have been angered by
        Reuter  -  57 words
      • 69 5 Reuter (MANILA) Philippine President Fidel Ramos said yesterday economic reforms which bolstered the country's gross national product in the past four years were not enough to ensure the country's stature as a tiger economy. "We must complete the architecture of competitiveness with a comprehensive reform
        Reuter  -  69 words
      • 42 5 Reuter [JAKARTA] Boeing Co planned to help Indonesia's state aircraft-maker Industri Pesawat Terbang Nusantara (IPTN) market its N-2130 Jetliners in the US, Jusuf Habibie, minister for research and technology, told reporters yesterday after meeting President Suharto.—Reuter
        Reuter  -  42 words
      • 92 5 AFP [BANGKOK] Thai consumer prices rose 0.1 per cent monlh-on-month in June to give a year-on-year inflation rate of 5.5 per cent, Commerce Minister Chucheep Harnsawasdi said yesterday. The year-on-year consumer price index (CPI) measure of inflation for June was down from 6.1 per
        AFP  -  92 words
      • 65 5 NYT [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad is refusing to support the bid by Boutros Boutroe-Ghali to secure re-election as UN secretary-general, news reports said yesterday. Dr Mahathir, who has been a fierce critic of the UN leader, said on Sunday Mr Boutroa-Ghali had been
        NYT  -  65 words
    • 352 5 HANOI Analysts note a preference for stability over reforms AFP VIETNAM yesterday announced a new leadership for Its ruling Communist Party at the end of a congress that has favoured stability over tough decisions on reforms and changes to the
      AFP; REUTER  -  352 words
    • 143 5 KUALA LUMPUR Reuter ASEAN energy ministers yesterday called for private sector help to build a proposed US$l5 billion (Stfl.l billion) regional gas pipeline to meet rising power demand in South-east Asia. "The ministers... agreed that the private sector be encouraged to participate in the
      Reuter  -  143 words
  • Page 5 Advertisements
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  • CHINA-HONGKONG-TAIWAN
    • 385 6 BEIJING Members also urged to stay clean as Communist Party marks its 75th year Reuter COMMUNIST Party chief Jiang Zemin called for renewed emphasis on ideology but warned that politics should serve and not hinder economic construction as China's Communist Party
      Reuter  -  385 words
    • 149 6 HONGKONG AFP HONGKONG'S newspaper price war showed signs of ending yesterday, when two leading dailies put up their cover prices. The Oriental Press Group Ltd increased the price of its Chinese-language daily Oriental Daily News from HK)4 (550.72) to HK$5. The newspaper is the
      AFP  -  149 words
    • 409 6 HONGKONG AFP Reuter HONGKONG Democrats yesterday warned that basic freedoms in the territory were in peril after Beijing police blocked them from taking a petition to China's leaders and forced them to return home. Their mission to take a 60,000-signature petition to protest against China's
      AFP; Reuter; REUTER  -  409 words
    • 178 6 HONGKONG AFP IN A SIGN of the times, Hongkong's influential jockey club, which controls the multi-bil-lion dollar horse racing industry in the territory, is now no longer royal. The Royal Hong Kong Jockey Club officially became the plain Hong Kong Jockey Club yesterday a
      AFP  -  178 words
    • 243 6 m BEIJING Candidate will be selected by committee to be formed in Oct AFP HONGKONG'S first chief executive should be chosen this year, although China is prepared for "new contradictions" from the British side, the head of China's Hongkong and
      AFP  -  243 words
  • Page 6 Advertisements
    • 51 6 I PAN-WEST 1 at Suntec City Mall presents THE WEEKLY TITANIUM WOODS GIVEAWAY! I an d I in their Great Big Bertha Titanium JJ pwwfcME of WE SERVE YOU GOLF. AIL ROUND J Pan-West (Pte) Ltd 3 Temasek Boulevard #02-033 Suntec City Mall (S) *****3 Tel: 337 5133 Fax: 337
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  • ASIA
    • 399 7 TOKYO Bank will maintain monetary policy to ensure recovery is self-sustaining Bloomberg Business News AFX-Asia BANK of Japan governor Yasuo Matsushita reiterated that the nation's economy is gradually recovering and said the bank will maintain its monetary policy to ensure the recovery
      Bloomberg Business News; AFX-Asia  -  399 words
    • 222 7 TOKYO AFP JAPANESE Prime Minister Ryutaro Hashimoto has repeated that he has no plan to dissolve the lower house and call an election, major Japanese newspapers said yesterday. Mr Hashimoto however suggested that an extraordinary parliament session be called in October, the
      AFP  -  222 words
    • ASIA Notes
      • 67 7 Reuter [NEW DELHI) Indian Prime Minister H DDeve Gowda yesterday faced a fresh revolt within the ranks of his newly expanded cabinet as an indignant junior minister refused to join the government Raghubans Prasad Singh, resentful over his junior rank, refused to meet Mr Gowda after
        Reuter  -  67 words
      • 54 7 AFP [SEOUL] Australian Foreign Minister Alexander Downer said here yesterday that Australia could not consider full diplomatic relations with North Korea until it responded positively to peace offers. He also said Australia and South Korea will initiate a series of military-political next week on
        AFP  -  54 words
      • 61 7 Bloomberg Business News [SYDNEY] Reserve Bank of Australia deputy governor lan Macfarlane said the core inflation rate will drop below 3 per cent in the third quarter, driven down partly by the appreciation in the As. "We are reasonably confident that inflation will
        Bloomberg Business News  -  61 words
      • 60 7 AFP [SEOUL] South Korea yesterday introduced a landmark Women's Development Act which will force the civil service to hire more women and raise awareness of equal rights, the ministry of political affairs said. "The purpoee of the act is to promote gender equality and increase women's
        AFP  -  60 words
      • 41 7 AFP [TOKYO] Japan's foreign reserves, presumed to be the biggest held by a single country, rose US$l.B2 billion (512.6 billion) in June to a new record high of U*****.20 billion, the finance ministry said yesterday. AFP
        AFP  -  41 words
    • 291 7 SEOUL USs2J>b in vested in 700 offshore projects in Jan-Kay this year AFP APPROVALS for overseas investments by South Korean firms soared 66.7 per cent year-on-year to US$2.5 billion (553.5 billion) in the JanuaryMay period, the Bank of Korea said yesterday. The five-month investment
      AFP  -  291 words
  • Page 7 Advertisements
    • 53 7 Tung Centre 1,268 sf-9,684.12 sf Parkway Parade 925.36 sf/1,592.48 sf Parkway Parade 15,537.44 sf(enbkx) A-Z Building 1,991 sf/3,982 sf/6,243 sf 174 Paya Lebar Road Built-up area: 14,477.58 sf Lucky Plaza #02-00,474 sf First Capital Property Management Pte Ltd (A member of First Capital Corporation Group) Tel: 437 6817/437 6853/534 3132
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    • 329 7 Invest in tlie Future o tike "World's Emerging Clarkets Q: What are the benefits of investing in the Templeton Investment Funds Emerging Markets Fund? A: Emerging markets into which the Fund may invest, in recent years have achieved generally faster economic growth rates than developed markets. This may lead to
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  • Page 8 Advertisements
    • 73 8 i ne Business Times, Tuesday, July 2,1996 KEEPS THEM OFF A MILLION IN EQUITIES. IN AN EXQUISITE PIECE OF CUSTOM FRENCH JEWELLERY FOR HIS WIFE k j9 p j His WIFE'S SHOPPING EXPEDITION TO HONG KONG. -l^^H INSURANCE OVERSEAS travel arrangements. Bp SHE NEVER LETS HIM STAND IN QUEUES. AFTER
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  • THE WORLD
    • 455 9 TEMPE, Arizona Data revives fears of interest rate hike this week and dampens the bond market Reuter THE manufacturing sector of the US economy grew strongly in June while prices held steady, the National Association of Purchasing Management said yesterday in a key
      Reuter  -  455 words
    • 363 9 WASHINGTON AFP A TOP Republican senator suggested on Sunday that Defence Secretary William Perry may have to resign over the terrorist bombing in Saudi Arabia that left 19 US soldiers dead. Senator Arlen Specter, chairman of the important Senate Select Committee on
      AFP  -  363 words
    • WORLD Watch
      • 103 9 Reuter [WASHINGTON] The White House has bashed a new book by a former FBI agent as a Republican-backed "smear campaign" and accused journalists of not checking their facts before publicising the book's sensational allegations. Speaking on Sunday on CNN's Reliable Sources, George Stephanopoulos, a senior
        Reuter  -  103 words
      • 74 9 Reuter [LONDON] Britain's Agriculture Minister Douglas Hogg yesterday declined to say whether he had offered his resignation to Premier John Major at the height of the "mad cow" crisis. Asked on BBC radio about rumours that Mr Major had turned down his
        Reuter  -  74 words
      • 57 9 Reuter [ATHENS] Prime Minister Costas Slmltis, demanding radical reform of his own party, won his "all or nothing" gamble on Sunday and was elected the leader of Greece's ruling socialist party. Mr Simitis, 60, is only the second leader of the Panhellenic Socialist
        Reuter  -  57 words
    • 139 9 JERUSALEM Reuter HUNDREDS of thousands of Israeli public workers staged a one-hour strike yesterday to protest a planned sell ofT of government assets by new Prime Minister Benjamin Netanyahu. Israel Radio ceased broadcasts, air and sea ports, postoffices and other government and public company offices were
      Reuter  -  139 words
  • Page 9 Advertisements
    • 137 9 Not to mention Sleeping Managing Directore, Sleeping CEGs and Sleeping Executives who wish a brief respite from the hurly-hurly of life at the top. Which is why at the ANA Hotel we pride ourselves on providing service that's quiet, soothing and dare we say, just a little soporific. Add to
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  • EDITORIAL & OPINION
    • 811 10  -  THE BOTTOM LDVE OPINION By Ong Wee Hock The writer was with the Economic Development Board for more than 15 years and was formerly general manager ofCSA Holdings THE LIFE of Max Factor Jr, founder of the US cosmetics empire who died recently,
      811 words
    • 117 10 'If someone expects the Hongkong and Shanghai Bank will be as dominant 20 years from now in Hongkong as it is today, then he has delusions.' publisher of the Gloom, Boom and Doom Report. The Americans have become a very convenient target, being a shield for the
      117 words
    • 612 10 EDITORIAL THIS year's summit of the Group of Seven in Lyon, France, succeeded in fulfilling the modest and limited expectations raised by the host, French President Jacques Chirac. The leaders of the United States, Japan, France, Germany, Italy, Canada and Britain and duly papered over
      612 words
    • 1116 10  -  Tokyo urged to raise public-sector spending on research as more corporate RAD moves overseas By. Anthony Rowley The writer is BT's Tokyo correspondent THE term "hollowing out" is often used to describe the accelerating shift of Japan's manufacturing production offshore and Tokyo's loss of financial activities to
      1,116 words
    • 382 10 No gain tn M-arms race IF India is serious about ridding the world of nuclear weapons, it should make constructive proposals on how to do so. It should advocate that Russia ratify Start-2, the second phase of the Strategic Arms Reduction Talks, so that thousands more
      382 words
  • Page 10 Miscellaneous

  • Page 11 Advertisements
    • 1331 11 Tk ink of it as a goose that lays golden eggs. vzry tig golden eggs. You ve probably heard the word ostrich In the news lately. Ostrich is probably the finest leather in the world. with an investment in a single egg. But we think you can do a This
      1,331 words

  • EXECUTIVE LIFESTYLE
    • 680 12  -  The erstwhile epitome of good writing and male sophistication is having an identity crisis, reports pogrebdt ROBBIN POGREBIN NYT EDWARD Kosner would probably miss his office. The blond-wood rolling desk chairs that glide noiselessly up to the glass coffee table. The ample display space for
      NYT  -  680 words
    • 481 12  -  EURO 96 Victory deprives the Czechs of a 'fairy tale'win By\ Shahiron Sahari [SINGAPORE] The Germans, who won Euro 96 in a surprisingly entertaining final yesterday, have a saying: Tore sind wie Salz in der Suppe which means, goals are like salt in
      REUTER  -  481 words
    • 390 12 WIMBLEDON Reuter [LONDON] Tltleholder Steffi Graf avenged a recent defeat by Martina Hingis when she survived a brief second set crisis to record a 6-1 6-4 victory over the Swiss teenager at Wimbledon yesterday. Graf faced two break points at 3-2 down in the second set
      Reuter  -  390 words
    • 2145 14  -  A championship layout with little or no room for error, micelaus D'CRUZ says of the course NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review THE West Course at Kuala Lumpur Golf Country Club offers you one high after another; both literally from the wonderfully
      2,145 words
  • Page 12 Advertisements
    • 279 12 If It suHms, wehaue it I fit Seafood H V International, OFF e we serue you for Lunch the way you want it to be. Optmnglmn: jjj llam-3pm k j Wedttnds A LB L.UJ- rf l/t/ puu* nootu>> mggßjr llan-11 em |§Pr '"tw^saatioamu. VAmtJ y/rmtMHtoerrr Seafood International Market Restaurant Pte
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    • 757 12 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 I -i. ALLIANCE TECHNOLOGY AND DEVELOPMENT LIMITED (Inaxporatad In tha Republic of Singapore) t J ANNOUNCEMENT x NOTICE OF BOOKS CLOSURE DATE NOTICE IS HEREBY GIVEN that, the Transfer Books and Register of Members of Alliance Technology and Development Limited (the "Company*) will be
      757 words
  • Page 12 Miscellaneous
    • 188 12 tub WEATHER Singapore* Showers over several areas in the afternoon. Temperature (32-25) AafarFMOo HVLo* Oood. Bmrmf Hl/Lo' OomL (kmntm W CM. Auckland OMM Showm AMkffca IVH Shown* 27/14 Suooy Boarfu* urn T«lof« kkm wn (kmdy BumooAirm IV® Cliwfr Bcftoff. JVI7 Showm Brtfa a/14 Shorn Cl*** WH (lowly RnMhay Jl/24 Showm
      188 words

  • Page 13 Advertisements
    • 767 13 Home Decor For people who love their homes Where to wine, dine and entertain =SSS=SSSSSSSSSSSSSSSSSSaHHHHHHHHHH a Original Long Beach at Bedok Rest House Long Beach, with more than 50 years of history, is the first to serve the best Black Pepper Crabs, BBQ Nilotic a Red Fish, Live Drunken Prawns
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    • 118 13 ncu a. ti an ntri i it mm smu ran jfiri iii t Singapore Food Nostalgia fl Jewuiey. Damn £ane HI 31 luIT 1996 Come and enjoy authentic hawker food in an environment reminiscent of die olden days' roadside stalls. Available for lunch and dinner during weekdays (except public holidays).
      118 words
  • Page 13 Miscellaneous
    • 746 13 TV&RAPIO n l 030 Strange Luck. 130 Shanti(T>. 100 PM The Winners ia3o News 5 Tonight. 730 Kathal Kathal (T). mm m I w 130 Money, Money Money U-00 Tuesday Premiere —My 7JO I2dil Tamil Seithi(7}. 2.00 How to Succeed in Busi- Demon Lover (See Our 8.00 Berita 12. "ff
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    • 100 13 CRYPTIC CROSSWORD "fessr hfor DOWN (6,6) B u u 1 Stick this in your salad (6) 14 Wrongly coordinate the 2 Deny age ten is problem- colour-scheme (10) atic (6) 16 Euclid, for example, is un--3 Brightness of the news? likely to emerge (8) ■Mffirffil Buff!ftßl!lffrlvl (12) 17 Very sociable,
      100 words

  • Page 14 Advertisements
    • 197 14 V v.. 4 .V; When on your been put Or perhaps a parking when Reflections on windscreens are analysed and the glint three-pointed star top reanalysed. Lasers scan non-stop for the caught the kinks at points in the body. on any The car you have proven in Mercedes-Benz. wind driving
      197 words

  • COMPANIES & MARKETS
    • 449 15  -  First mainboard Hating this year; shares priced at 90 cents er 13 times forecast earnings By i Conrad Raj (SINGAPORE] Dovechem Terminals Holdings yesterday offered the public a 25 per cent stake in the company through an issue of 22.68 million new shares at 90
      449 words
    • 248 15 [SINGAPORE] Liang Court said yesterday it will partner the Ban Hin Leong property group in developing 5 Anson Road in Tanjong Pagar into a 37-storey office building. Liang Court will bear 30 per cent of the project's development cost. .< The group will take up
      248 words
    • 736 15  -  HOCK LOCK SIE W Genevieve Cua UP UNTIL two to three years ago, the adage that food and beverage counters are a safe and steady defensive holding was jazzed up with the sheen of property. Companies like Fraser and Neave,
      736 words
    • 313 15 [SINGAPORE] Singapore Telecom shares fell 10 cents to $3.66 yesterday on concern that more chunks of shares may be placed out over the next few months by the company's biggest shareholder, Temasek Holdings. The closing price is two cents below Temasek's placement price of $3.68,
      313 words
    • 367 15  -  SES may decide on application in a month's time: sources By, Jenny Lam (SINGAPORE] Local interior design and furniture company Nobel Design Contracts has applied to the Stock Exchange of Singapore (SES) for a listing on Sesdaq. Sources told BT that the application was
      367 words
    • REGIONAL COMPANIES
      • 458 16  -  But SIA and three of the Big Four banks slip; 13 SPpore firms WHthUSQ23bin]iBt By Genevieve Cua [SINGAPORE] Singapore Telecom moved up, but Singapore Airlines and three of the Big Four banks slipped downward in Business Week's 1996 global rankings
        458 words
      • 191 16 Bernama [KUALA LUMPUR] The Securities Commission has directed Malayan United Industries Bhd (MUI) to revise the offer price in its mandatory takeover offer for the remaining shares of Pengkalen Holdings Bhd to M 16.40 per share. Malaysian International Merchant Bankers Bhd (MIMB) yesterday informed
        Bernama  -  191 words
      • 347 16  -  From Al Labita in Manila PUERTO Azul Land Inc (Pali), a property developer partly owned by Singaporean and Thai interests, is pushing through its initial public offer (IPO). The move is based on a Court of Appeals decision throwing out the
        347 words
      • 319 16  -  By] Paul Leo [SINGAPORE] Brokers and analysts welcomed the three new Stock Exchange of Singapore indices but said that it would take time for them to gain acceptance. "Investors will wait to see how sensitive the indices are before adopting
        319 words
      • 311 16  -  By' Conrad Raj [SINGAPORE] Indonesianborn Singapore businessman Sukamto Sia, in a possible move to strengthen his position in Amcol Holdings, has invested another $5 million in the listed electronic distribution and property company, thus raising his stake to almost 14 per
        311 words
      • 222 16 [SINGAPORE] Second-liners, rather than blue chips, will lead the Singapore stock market during the second half, according to analysts quoted in the latest issue of Singapore Business magazine. With the prognosis for property, banks and marine stocks the mainstay of institutional interests seen as uncertain,
        222 words
      • 267 16 Firm gfaen till July 15 to preliminary fh—fftntfUlMUlt Bernama [KUALA LUMPUR] The Kuala Lumpur Stock Exchange (KLSE) has publicly reprimanded MCSB Systems (M) Bhd for breach of Clause 3.21 of the Second Board Listing Requirements. Section 57 and Clause 3.21 of the Main Board
        Bernama  -  267 words
      • 238 16 Bloomberg Business News [KUALA LUMPUR] The Kuala Lumpur Stock Exchange has pressed Time Engineering Bhd to make a formal response to reports that it plans to buy the cellular phone business of Sapura Telecommunications Bhd. The exchange has requested that Time Engineering,
        Bloomberg Business News  -  238 words
      • COMPANY Briefs
        • 71 16 [SINGAPORE] Sembawang Maritime Ltd (SML) has appointed Cheong Quee Wah and Lai Chun Loong non-executive directors of the company. Mr Cheong is executive director of SML's parent Sembawang Corp and holds various potts within the group. Mr Lai is the president of Sembawang Corp's property and
          71 words
        • 44 16 [SINGAPORE] Centrepoint Properties yesterday announced the retirement of G H Darwin as executive director. Mr Darwin will, however, remain on the board as an alternate director and retain his executive capacity as group general manager of FAN property development.
          44 words
        • 43 16 [SINGAPORE] Liang Huat Aluminium subsidiary Durabeau Construction has clinched a $31.5 million contract for the main building works of the proposed Nanyang Polytechnic campus at Ang Mo Kio. Durabeau will build three blocks of 10-storey staff quarters.
          43 words
        • 19 16 [SINGAPORE] Uraco Holdings shares were suspended from trading yesterday at the company's request.
          19 words
        • 77 16 [SINGAPORE] Inno-Pacific Holdings has completed the f sale of Intercontinental Forest Products Pte Ltd (IFP) and its subsidiaries to Spicers Paper Ltd (SPL). It has received $21.86 million from SPL, based on IFFs net tangible assets as at Mid-May. The final price, to be
          77 words
    • INTERNATIONAL COMPANIES
      • 422 17  -  It will axe 400 staff, cot settlement fees by £70m via paperless trading system From\ Neil Behrmann in London THE London Stock Exchange is slashing its costs and fees to facilitate competition with other European stock markets, notably Frankfurt and Paris. To this
        422 words
      • GLOBAL Briefs
        • 44 17 Bloomberg Business Noes [TOKYO} Nomura Securities Co is considering listing its shares on the New York Stock Exchange. "We have been considering listing, but haven't decided on any date or other particulars," said a spokesman for Nomura.
          Bloomberg Business Noes  -  44 words
        • 74 17 Bloomberg Business News [IVREA, Italy] Olivetti SpA sold 14.7 per cent of Acorn Computer Group pic to Lehman Brothers Inc on Friday, a move that may have raised some £33.5 million (Ss73 million) for Italy's money-losing computer, office products sod telecommunications company. Lehman said
          Bloomberg Business News  -  74 words
        • 59 17 Bloomberg Business News [DALLAS] Sanwa Shutter Corp has agreed to buy closely held Overhead Door Inc for USs47omillion (***** million) in cash. Sanwa has signed a definitive agreement to acquire the Dallas, Texas-based maker of garage doors and automated entrances. The acquisition is expected
          Bloomberg Business News  -  59 words
        • 39 17 Reuter {LONDON] MCA intends to develop a global entertainment brand based on the "magic of Hollywood" but will steer dear of spending in cyberspace, Frank Biondi, the group's new chairman, said at the weekend.—Renter
          Reuter  -  39 words
        • 84 17 AFP [TOKYO] Japan's Kirin Breweries Ltd said yesterday it has tied up with Mitsubishi Corp and Malaysian conglomerate Kerry Group to start selling beer in China. Kirin officials said the company will start brewing beer at its Chinese plant Mitsubishi Corp will be responsible
          AFP  -  84 words
      • 287 17 Reuter (SHANGHAI] Chinese investors bet heavily on shares in Shanghai's new domestic blue-chip index on its debut yesterday, despite the exchange's hope that the index would cool speculation, analysts said. Heavy profit-taking in some of the 30 firms selected, especially those with heavier weightings
        Reuter  -  287 words
      • 372 17 AFP [MELBOURNE] Australian resource giant BHP Co Ltd put on a brave face yesterday after its disappointing profit result, unveiling ambitious plans for copper and a battle plan for its ailing steel business. The Broken Hill Proprietary Co Ltd (BHP) on Friday
        AFP  -  372 words
      • 212 17 Reuter [TAIPEI] Taiwan's telecommunications liberalisation surged ahead yesterday as the state telecoms monopoly was spun off as Chunghwa Telecommunications Corp. The Directorate-General of Telecommunications, which long monopolised the island's telephone, data and other com-! munications, now retains only a regulatory and monitoring role, with
        Reuter  -  212 words
      • 228 17 22 of the top public firms are American; 12 Japanese Reuter [NEW YORK) Royal Dutch Shell Group, the Anglo-Dutch oil company, has replaced General Motors Corp as leader of the Forbes World Super 50, the magazine's annual ranking of the most
        Reuter  -  228 words
    • FINANCE & COMMODITIES
      • 302 18  -  Templeton chief says undervalued market holds 75% chance of post-1997 rally By] Paul Leo [SINGAPORE] Emerging market guru Mark Mobius yesterday said that Hongkong offers the most potential despite the political uncertainty when China assumes control in 1997. And the Templeton Asset
        302 words
      • 412 18  -  Stock liquidity to get a boost; more fands in the pipeline From I S N Vasuki in Jakarta MUTUAL FUNDS make their debut in Indonesia this month with three firms receiving official approval to launch openended funds
        412 words
      • 283 18 FT [PARIS] Three US investment banks have been shortlisted to acquire an 11 billion franc (Ss3 billion) property and loans portfolio from Suez, the French financial and industrial holding company. Goldman Sachs, Lehman Brothers and Morgan Stanley are bidding for the portfolio, which
        FT  -  283 words
      • 410 18 Watchdog panel says tie-ops on hold until report on banking industry is done Bloomberg Business News [SYDNEY] Australian Competition and Consumer Commission (ACCC) chairman Allan Fels said it won't approve any mergers between Australia's big four banks and three large insurance companies
        Bloomberg Business News  -  410 words
      • 221 18  -  By I Soh Tiang Keng [SINGAPORE] Siam Syntech Construction a Thai-Singa-pore joint venture has tapped US$25 million (5535.2 million) from the Asian dollar market. The three-year syndicated loan deal, with interest at 1.2 percentage points above the Singapore Interbank Offered Rate, was signed here yesterday.
        221 words
      • 260 18 Reuter [LONDON] Disgraced Sumitomo copper trader Yasuo Hamanaka could not have piled up US$l.B billion (552.5 billion) in losses on his own, said the imprisoned trader whose deals lost the Chilean state copper company US$l75 million in 1993. "Neither this nor my case was
        Reuter  -  260 words
      • 223 18 SIMTIX Report Reuter [SINGAPORE] Simex Euroyen futures ended in negative territory yesterday, after failing to recover from an early sell-off, traders said. The benchmark December contract ended at 98.89 against its previous CME close at 98.94 on a turnover of some 10,765 lots traded. Dealers
        Reuter  -  223 words
      • 155 18 Reuter THE dollar was nudged higher by firm US data as dealers covered shorts ahead of the start of the Federal Open Market Committee (FOMC) meeting today. The US unit's upside remained firmly capped within well-trodden trading ranges though as players stayed on the sidelines ahead of the
        Reuter  -  155 words
      • 299 18 ENERGY REPORT Reuter [LONDON] British oil output hit a 10-year peak last October, but reserves are getting dangerously low and the government is trying to come up with new ways of extending the country's bonanza. At current rates of production, Britain has only
        Reuter  -  299 words
      • Article, Illustration
        1176 18 Jul 01 *5 q >» W> ttttifcl* Y« W m$ BQWHi Hm —4 sir «7t 8*t Pm* us$ ST iS 12 "SJSRgiSSaSSJ tSt tS SS SS5SS S3S S3 EL is is "as a s £142 53 555 ««f3£s ts a i?s 2% rmtc 0.246 0265 1.620 0.156 0296 1503 6.007
        1,176 words
    • 1670 19 mcom nranuB m MHO (Mwm dMta« w «l UOpa) BS1CQNHACT(ScwtsA«) CtOM Volmm OfM M—*> HUH Uw Sott (towt) lirtwut AOf96 ***** 192.00 192.00 190 (800 So#98 192.00 2125 Oct H ***** 189.00 ***** 150 3725 Nw 94 ***** 189.00 ***** t50 3725 OK 98 ***** 189.00 ***** 150
      1,670 words
    • 2316 19 LONDON Vr *1 HW *h A. K. Corp Adr *23/4 V4 Alport* 279 *2 AkPay National ____..550 *10 Aktad Lyons 451 -2 Am* 97 -2 350 *4 Asda Group 1171/2 *1/2 •AT Ind 5001/2 -11/2 •CC 309 -3 BOC Group 9221/2 -1/2 BR Patrolaum 570 •TO 244
      2,316 words
    • 1603 19 Reuter □Nikk«22S -75J8 STOCKS closed easier in lacklustre trade yesterday with investors staying sidelined in the absence of fresh factors, brokers said. Trading was extremely dull with turnover estimated at only 270 million shares, showing a lack of both buying and selling energy in the market. The key 225-share
      Reuter  -  1,603 words
    • Article, Illustration
      1659 20 Bloomberg Business News Q Hang Seng -1&29 STOCKS fell, as many investors declined to bet on stocks before the US Federal Reserve holds a policy meeting this week, traders said. Property stocks such as Sun Hung Kai Properties Ltd and Amoy Properties Ltd were among the biggest losers. A
      Bloomberg Business News  -  1,659 words
    • Article, Illustration
      598 20 Reuter n Shanghai B Share Index -U8 SHANGHAI'S B shares ended sharply down yesterday after the China Securities Regulatory Commission reaffirmed a ban on domestic investors opening B share accounts, brokers said. The B Share Index plunged 1.98 points or 3.85 per cent to 49.55 points on volume of
      Reuter; Source: Credit Lyonnsis Securities (Asia) Ltd  -  598 words
    • 360 20 AFP PHuflt +1&83 PHILIPPINE share prices closed 0.6 per cent higher yesterday on anticipation the government would soon announce a reduction in the inflation rate. "The market was spurred by expectations that the inflation rate will be single digit in June," said Allan Araullo of Regina Capital Development Corp.
      AFP  -  360 words
    • Article, Illustration
      650 20 AFP nCwnpogteMei +102 SHARE prices closed 0.3 per cent higher yesterday in moderate trading with most foreign investors largely sidelined, dealers said. "Today was pretty much dominated by local speculation," a dealer with a loial brokerage "said, citing a few shares such as tourism operator Sona Topaz and textile's
      AFP  -  650 words
    • 414 20 AFP nOwnpoMte Intel +113< PRICES rose 2.0 per cent on the Korea Stock Exchange yesterday, spurred by a broad rally in blue chips, brokers said. "The index rose sharply but it doesn't give much confidence, given today's low volume," said a Daewoo Securities dealer, adding the gain was mainly
      AFP  -  414 words
    • 607 20 AFP FlAflOrdjnarici +10 A STRONGLY performing bank sector helped push up Australian share prices 0.1 per cent yesterday. The All Ordinaries Index, rose 3.0 points to 2,245.1. The All Industrials finished 17.0 points higher at 3,377.2, but the All Resources fell 8.6 points to 1,388.4. Turnover was 303.25 million
      AFP  -  607 words
    • 275 20 Reuter H Wellington +£03 THE NZSE-40 Index closed up 3.03 points at 2,099.26. The overall volume of NZ$3l million was boosted by reports of weekend business possibly related to end of financial year transactions. Reuter mi rww ANZ BiO*irwg 6.95 -0.03 6407 *av*nt*o»« mkkji 162 0.02 6000 Air Now
      Reuter  -  275 words
    • KUALA LUMPUR STOCK MARKET
      • 7835 21 Bloomberg Business News rl Composite Index +0.74 STOCKS were little changed amid expectations that interest rates must rise to curb inflation, which would increase the cost of borrowing and hurt corporate profits. "Higher manufacturing sales for the first four months may spur higher-than-expected economic
        Bloomberg Business News  -  7,835 words
    • WARRANTS & OPTIONS
      • 3597 22  -  WARRANT WATCH By\ Paul Leo ROBERT Fleming Jardine Matheson covered warrants 1996 were the top performers in the local stock market yesterday. The warrant rose 9.1 per cent, or half a cent, to 5.5 US cents with 740,000 units done a sparkling return in today's
        3,597 words
    • 2304 22 MALAYSIAN STOCKS Of Cr 1996 Last Vai Day Last Ouott ON Wv YM Mat M Cap Mqh Law Stno Campany Sa»a COOP) Hlqti Law Hwyaf 5a«*r Cvr Nt imH 5000 AISBSOc 13*6 nek 13 3* 3*4 W M 10 1* 0.4 (2J 4011 H3 (4 as 5001 AMOBSOc
      2,304 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1054 23 TWtDOYM COOO) VAllt OOOO) cm tmm mm cm t«m »s.n2 U20 MJ32 mm MM MM» nhMM 5.77* 1,194 7,9*3 44.706 2,142 44.464 TT$ JW 1,005 2.778 499 3.277 4.710 XM1 4,091 ***** 4442 3V74* WWUWKI 7*7 717 U4S WS4S MMk« 2W HO 40i AOi K* I .m 2.443 4,433 2,499
        1,054 words
      • 4682 23 Or Or M Wt 1996 Last Vet Oay Last Owtl Otv CHv YW Mat Cap Ar* w» u» Mm cium; mi rooot High in imw s**r cv w w ww MMtTftUtS W'J 5146 ASENTSW 200 US- 214 165 1258 Acer 50c USI87 cd -7 39 190 187 186
        4,682 words
      • 836 23 w. V«< LMt owt« on M nl m cap a™ Ld» »tW C-n—«y So* COOP) HH> Urn 8»rdC H*» Cw >/t $m> Prtcd 289 226 ABRHMgiSc 22aid -n 23 229 228 227 228 10 143 at 142.5 1014 233 234 127 MMH 50C 127 -3 7 128 127 128
        836 words
      • 895 24  -  STOCK MARKET COMMENTARY Sing Tel placement accounts for half of day's trading analyst expects return of bargain hunters By Paul Leo [SINGAPORE] Local stocks fell yesterday on low volume in the absence of fresh factors. "There is nothing to talk
        895 words
      • Article, Illustration
        69 24  -  -%> Paul Leo SINGAPORE Telecom feU 10 cents to St 96 yesterday on a volume of 64.70 million shares. Ikmmm, the telang pressure was not that bad if the married deals men to*?" brx>km support at SXl* Sing Tel ts {jSfc < ec i int J o 40
        69 words
      • ON THE GRAPEVINE
        • 120 24 WHO'S in the queue for Ardmore Park? Some very important people standing in for some very important clients, apparently. We're not naming names, but spotted in the line outside Lane Crawford early yesterday was the residential director of one of the major property consultancies
          120 words
        • 154 24 CHARTIST David Fuller has a lot to say about chart patterns. In his June 21 newsletter, he gets a go at political commentary. He says he has long felt that Russia needs a Lee Kuan Yew before it can hope to become a stable, peaceful
          154 words
        • 58 24 THE dictum that getting cloee to the ground is the best investment strategy is proving stressful to some international fund managers. One fUnd manager who been here a year said: "Being on the ground, one gets a lot ofnoise and is constantly bombarded by information
          58 words
        • 159 24 WITH the number of inclusion* exclusions from the MSCI major indices, fond managers are busy adjusting their portfolios and finding little time to do other things, like making money. According to one fund manager, the recent changes in major indices have fonds busy adjusting their portfolios
          159 words
  • Page 15 Advertisements
    • 93 15 4 Fest food. ♦ft* Clam Lakes from New England, harhecues from Texas, fiery chilli cooking from the old South-West and a salmon run from Seattle. If you thought America only meant (aat food, call 831 7250 and discover what Seasons is bringing to the Singapore Food Festival. You'll take away
      93 words

  • Page 16 Advertisements
    • 96 16 This announcement appears as a matter of record only July 1 9 96 a P.T. SURYA ZIG ZAG U5555,000,000 Term Loan Facility Arranger Deutsche Morgan Grenfell Lead Managers Deutsche Bank (Asia Pacific) Limited Bank of America NT&SA The Chase Manhattan Bank, N.A. The Sakura Bank, Limited, Singapore Branch The Sanwa
      96 words

  • Page 17 Advertisements
    • 271 17 "OVER tSO CEOs, MDs and Gifts ALREADY IN THE PROGRAMME!" Jjjj The University of Hull England 1927 BSMBA "ONE OF THE MOST ESTABLISHED IN SINGAPOREI" FIRST to offer TQM and a Systems Approach to Creative Problem Solving FIRST to offer Entrepreneurship and Project Management as core modules Completion in 21
      271 words
    • 157 17 Summer I Enjoy The Following Privileges For Just *RM81,032 Only! For reservations, please call our Regional Sales Offices: Upgraded accommodation in a Deluxe Room Complimentary full breakfast Tel: (65) 732 0431 Fax: (65) 235 8089 Complimentary pressing of 2 items (M3 )263 2300 Complimentary welcome drink at the Lounge Bar
      157 words



  • Page 20 Advertisements
    • 280 20 Save up to 4hn to the USA via our Detroit hub. The best way to enjoy extra time on the ground in the Eastern USA is to fly Northwest. For instance, we'll save you almost an hour to New York and Chicago, shrs to Minneapolis, 4hrs Anion 10 Dctroit an(
      280 words

  • Page 21 Advertisements
    • 68 21 E iihan^^(Jl 1 Qf> (Company anniversaries. Official openings. Corporate achievements. Topping-up ceremonies. And other special events. They are a cause for celebration. Use them to increase your company profile by taking out a Special Feature in our group of newspapers. Talk to us! We'll be pleased to be your marketing
      68 words


  • Page 23 Advertisements
    • 135 23 Hw|ll| HI k« IVIII kn] m kl IV| IWIH MAm| ij HM eeVI^H Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares almost immediately. This is all you have to do: So, why keep your shares tucked away? C^C^vf
      135 words
    • 135 23 To: SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period 12 months [_J 6 months (_1 3 months at S $60.00
      135 words

  • Page 24 Advertisements
    • 1084 24 BUSINESS Notices TO A l>\ i; IM ISi; (A 1.1 TOU.-IRKK 1800-741 188^1 iaa— IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF BILLION CREDIT PTE LTD (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting o( the members of BILLION CREDIT PTE
      1,084 words
    • 328 24 Singapore Closing Share Prices 01/07/1996 CLOSE PREV LOW HIOH till/* OSS uss uss uss mill## Jardine Matheson 7.35 7.35 730 740 |rm>l| Strategic 3.22 3.20 3.20 diiS rjfififlfifj DaJnf Farm 0.85 0.845 0.845 0.855 MWM Hongkong Land 2.28 2.25 2.25 2.30 ■MRffili Mandarin Oriental 1.42 1.40 1.40 1.43 PM" Jardine
      328 words
    • 407 24 Acer* I ACER COMPUTER INTERNATIONAL LTD. I (Incorporated in the Republic of Singapore) I ANNOUNCEMENT I ISSUE OF 33,108,401 DETACHABLE WARRANTS ("WARRANTS") I IN CONJUNCTION WITH 5555,000,000 PRINCIPAL AMOUNT OF I UNSECURED BONDS ("BONDS") DUE 2001 TO BE ISSUED BY I THE COMPANY AND A TRANSFERABLE LOAN FACILITY fTLF") I
      407 words

  • SHIPPING TIMES
    • 283 25 Knight Ridder Reuter TRADING was extremely sluggish on the freight market with rates weak, brokers said. "It's bloody out there," one shipowner's broker said. Biffex came under pressure again with losses across the board, Clarkson Wolff said in its daily report. The overnight fixture reports offered only the
      Knight Ridder; Reuter  -  283 words
    • 298 25 SIS *000 Ml W CWT Distribution ISO *0.04 41 ChuanHup t.0« -0.02 305 Cosco Invastmant 1.45 -0.01 98 FELS 7.55 -0.25 508 Trttght Links 0.75 GbHoMn«l 1.06 -0.05 29 Hal Sun Hup 1.04 -0.01 148 Hitachi Zosan 0.95 unch 29 IMC Holdings HK 5.60 Java Holdings 1.32 *0.01
      298 words
    • 440 25  -  Logistics specialist will manage 100,000 sq ft facility to receive, store Compaq materials W Yong Mei Fong [SINGAPORE] In a deal that marks a significant development for the logistics industry in Singapore, local freight and logistics specialist YCH Group has been appointed the
      440 words
    • 160 25 [HONGKONG] The Hongkong government's attempt to move 14 North Tsing Yi shipyards 200 metres to a new location has turned into a dispute between civil engineers over the suitability of the site. Bing Choy Associates, employed by the shipyards, say
      160 words
    • 153 25 [SINGAPORE] NYK Line is restructuring its Asia/Mediterranean service by switching to a transhipment operation and buying slots from P&O Containers. It will use Malta, the Mediterranean hub of its Grand Alliance partners P&O, Neptune Orient Lines and HapagLloyd, to market an Asia/Mediterranean transhipment service. One of
      153 words
    • 152 25 AFP [SEOUL] One crew man died and three others were injured when a Belize-registered freighter collided with an oil tanker in thick fog off the west coast of South Korea and sank yesterday, maritime police said. The body of the dead crew man, identified as
      AFP  -  152 words
    • PORT Shots
      • 111 25 [SINGAPORE] One passenger was injured when ferry boat Auto Batam 13 ran aground off the Tanah Merah Ferry Terminal at about 8 pm on Sunday. The incident occurred on the return Journey from Batam to Singapore while the vessel was going alongside a berth.
        111 words
      • 65 25 [HONGKONG] China Ocean Shipping Co is adding westbound calls at Colombo, Sri Lanka, to its non-conference Asia/Mediterranean container service. Starting yesterday, ships on this service are calling Shanghai, Xiamen, Hong Kong, Singapore, Colombo, Limassol, Barcelona, Marseilles, Genoa, Naples, Jeddah, Singapore, Hongkong and back to
        65 words
      • 61 25 [SEOUL] South Korea's Hanjin Shipping Co, a unit of the Hanjin Group, has won a US$lOO million (Ssl4o million) contract from Indonesian state oil firm Pertamina to transport Indonesian-produced crude oil from 1998. A Hanjin Shipping spokesman said it would soon order two 17,500 deadweight
        61 words
      • 47 25 [NEW DELHI] Caltex India is waiting for government approval to start building a US$6O million LPG storage terminal at Haldia as well as petroleum products storage facility. The company has bought a 24 ha site for the terminal from the West Bengal government.
        47 words
    • 205 25 [SINGAPORE] A two-day seminar organised by the Japanese Marine Equipment Association (JMEA) has attracted more than 250 participants from the region's marine industry. The event, New Technologies in the Marine Industry, starts today. Fourteen experts from Japan's ship machinery and marine-related industries will share with their
      205 words
    • 797 26 PORT OPERATIONS: MANILA FIRM WIDENS HORIZONS International Container Terminal Services Inc has become a major contender in bids to manage and operate ports after turning the Manila International Container Terminal into one of the most efficiently operated terminals in Asia Fairplay ONE of the more aggressive
      Fairplay  -  797 words
    • 305 26 PACE Evergreen 6 ACL II Ewprmte 13 Am. 3 Famous 7 AM; 13 Feedertrans 13 i Accord 12 FL-Bright 7 Ahrenkiet 4 FoongSun 12 Appenship 4 Fr t4 '2 Astro 3 Frt 7 Austral II CLW 5 Avant 6 Gemartrans 13 BSA 7
      305 words
    • 16287 32 EXPORT FTA FT A u u H ETA ETA Advertiser Vassal Voy aqa Talapftona ETA ETA Advartlsar Vassal Voyaqa TH*phon« SIN Dostn Nama *»m« Numbar Numbar SIN Dast'n Nama Nama Numbar Numbar A 06/07 31/07 Kian Honq ROYAL CONT RC60IS 65-*****33 04/07 31/07 Spaada ROYAL CONT RCMIS 65-*****03
      16,287 words
    • SHIPS IN PORT
      • 2193 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofcinq/B«Unco Rstls Ship Voy No Etb/Btr Ptrlod From To From 2971 04/1700 II 01/1500 01/1*59 01/1900 3 02/0700 02/1159 02/1400 4 02/1200 02/1459 02/1700 229* 02/2300 OVBOO 01/1*59 01/1900 2* 01/1700 02/0*59 02/0900 21 01/1700 02/0*59 02/0900 *u 0624 02/1300
        2,193 words
      • 597 39 Vassal Voyjto Berth Arrival Depart urt ArtW V96I0 J *7 Honqutt 01.07/0800 Orion 0V% J» Hongs* 01.07/1500 V96» J07 ikxiQsid* 01.07/0(00 J 06/96 J15 01.07/0700 I?" 1 MM J02 ilontMK 02.07/2300 V96 JOI Hongs* 02.07/0(15 "5" J«w (lonpw 01.07/2300 JOI Mnpult 0107/1615 *5* J01 MonvuO* 01.07/1800 5 d
        597 words
      • 194 39 JULY 4 United States: Independence Day. NYSE, New York Cotton Exchange, NYMEX Coffee Cocoa Sugar Exchange, American Stock Exchange and Nasdaq closed. JULY 0 United States: NYMEX Coffee Cocoa Sugar Exchange closed. Czech Republic, Slovakia: Cyril and Methodius Day. Venezuela: Independence Day. JULY 7 Iran: (tentative) 40th day
        194 words
      • 863 39 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        863 words
    • AIR & LAND TRANSPORT NEWS
      • 478 40 Analysts expect Boeing to annonnce plans to develop and build the new jets very soon Bloomberg Business News [SEATTLE] Boeing Co has taken another step in its effort to build bigger, longer-range versions of its 747 airplane, appointing a general manager to head
        Bloomberg Business News  -  478 words
      • 180 40 441,*****1 Jane-a drop of 4^3% Bloomberg Business News [TOKYO] Japan's domestic sales of new cars, trucks and buses fell 4.3 per cent in June from a year earlier to 441,316 vehicles, the Japan Automobile Dealers Association said. That's the fourth
        Bloomberg Business News  -  180 words
      • 206 40 Bloomberg Business News [SEOUL] Korean Air, South Korea's largest air carrier, said it plans to raise US$B6O million (551.21 billion) through loans and lease arrangements to buy six Boeing Co aircraft. The acquisition of the six passenger planes is part of Korean Air's mid to long-term
        Bloomberg Business News  -  206 words
      • 166 40 IPTN said to have been involved in USs2.7b of the deals AFP [JAKARTA] The Indonesia Air Show saw deals worth US$4.4B billion (556.3 billion) signed during the nine days of the exhibition, press reports said yesterday. Research and Technology Minister Bacharudin Jusuf Habibie was
        AFP  -  166 words
      • 54 40 [FAR HILLS, New Jersey] Al92oSilver Ghost Rolls-Royce owned by Frank Allocca of New Jersey leading a group of 154 Rolls-Royce cars that broke the Guinness World Record for the longest moving line ofßolls-Royce autos on Sunday in Far Hills The old record was in 1992
        REUTER  -  54 words
      • 177 40 Reuter [PARIS] The French government was expected to announce yesterday an outline merger plan between combat plane maker Dassault Aviation and state-owned Aerospatiale, business daily La Tribune Defosses said. Dassault is expected to get not less than 25 per cent of the new company,
        Reuter  -  177 words
      • LOG Book
        • 71 40 Reuter [SEOUL] South Korea's second largest car maker Kia Motors Corp resumed production yesterday, ending a two-week-long work stoppage, a company spokesman said. "Workers went back to the assembly lines, starting from 0430 GMT after 73.4 per cent voted to accept management's offer," the spokesman
          Reuter  -  71 words
        • 75 40 Bernama-Kyodo [TOKYOJ Toyota Motor Corp yesterday merged two of its Taiwanese affiliates to strengthen their competitiveness in the Taiwanese auto market, the company said. The two affiliates are Kuozui Motors Ltd, an auto manufacturer partly owned by Toyota and Hino Motors Ltd, and Fung Yong
          Bernama-Kyodo  -  75 words
        • 88 40 AFX-Asia [TOKYO] Honda Motor Co Ltd said it will launch a modified version of its Accord sedan-type passenger car on July 11, to revive falling sales. Honda said it will equip airbags in the front seats of the Accord as standard equipment Honda said
          AFX-Asia  -  88 words
      • 169 40 NYT {JAKARTA] The captain of the Garuda Indonesian Airways DC-10 that crashed at Fukuoka Airport on June 13 told Asahi Shimbun on Friday he aborted takeoff because he thought the plane would crash into the city of Fukuoka. In his first interview since the
        NYT  -  169 words
      • 1436 40 CITY FU6HT ETA flttWT ETP tmw SIH87 2320 AbaDhabi GA974 2335 CaanjHioaPit 0925 AdtlaUa ***** 1830 Hanoi VW745 1300 VM744 MOO OfW »30 VW741 1310 WI740 Mtt Amstardam GA897 1045 GA892 0030 Hat Yal TG407 2105 TG408 0820 MJ37 1445 KLS44 0040 MW95 2M5 MI896 1805
        1,436 words
  • Page 25 Advertisements
    • 12 25 Eyeing the global market International Container Terminal Services widens horizons. Page 2
      12 words
    • 344 25 Boeing names GM to head 747 expansion Boeing expected to announce plans to build new jets very soon. Back Page w i v ®-^H New port councillor for Rotterdam jg rr ene Smit, Rotterdam's port councillor since 1990, has stepped down from ]j the post. Herman van den Muijsenberg, VEi
      344 words

  • Page 26 Advertisements
    • 1485 26 I NORTH I OTHBR DESTWATIOHS I I NORTH AMERICA I rwi«T ca»»r Of CTWTT<*I AMBdCA «BWCa I W mm nßa U W <* m "»«T VBSH WTI Ml vpsa VOT mnu m mmmmamu m m/m m/v m/m nm b/m b/m b/m b/m b/m b/m n/v waneunw un n/v m/m Em
      1,485 words
    • 216 26 Lines services represented (fnsXv Members of Registry of Members of the Accred ted Shipping Agents. Singapore Freight Forwarders' S pore National Shipping Assoc Association Saj^§r^ Just talk to us... •IrlsLim 740-2044 Tan Lip Chuan 740-1645 «Jarrod Leong 740-2089 Philip Koh 740-2382 I S"pore P.Kalang LoactngFor| I PETR TOMASEVKX 07A)7 12A37
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  • Page 27 Advertisements
    • 1241 27 PACIfK SOUTH WIST EXPRESS (DIRECT) resa wr ra aim swop lax I om. I <mb» lo< I nrrc lAn hou I wear Isa glggg OOtt 01/17 03/07 04/07 19/tt7 23/07 24/07 14/07 2S/07 2S/07 24/07 14/07 20/07 00K 00/07 10/07 W 26/07 30/07 31/07 31/07 01/00 01/00 31/07 T/OT 02/00
      1,241 words
    • 1797 27 HANJIN SHIPPING I USA CANADA* un mn/voT pan |sa po»"nw ro> oo dtt dcw'w*' w mcm kk iSc ou m ~~rrz y£ m yk H. BOM Nil M/ 07 M/ 07 I 25/07 M/ 07 a/07 a/07 a/07 >0/87 M/ 07 31/07 a/07 30/07 31/07 31/07 31/07 17/07 01/QQ QI/M
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    • 371 27 3k Jopon 2 X 1 Mon.la 1 Koosh.ung KeeKjr>g .Accept. 09 FCI to BKK/NAHA/ S£NOAI/CEBU/ICHi vov m m mi v* m n* mi in iou u» ifIUE BZZI—#LBC—VUr t»7 iiSZ. BM 12AZ »M 7 ILB AaOABT CM! I*o7 1107 17.07 17.07 IU7 2117 JMffIUML—SMI mL IMZ lifiZ IMZ 2107 21.07
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  • Page 28 Advertisements
    • 753 28 KSSa VOY HAM t'QAM ANT IHA STON F KELANG SM US 110 1W SM Ml MS msna oxdm iv* iv* in sn mmmtu QIEQ3 i/i vt it/* 4n in HAWQWEggss jjjjj 12/t iv* M V? ih U7T HyT 177T iyy i*/7 famsuumT oibm iv* iv* 7/7 n/7 \yi toktoiat *****
      753 words
    • 1437 28 I NORASIA I I VESSEL VOYBM QOA LAS BCt VALALOMOTANT FtLLHA NOR SHAIUAH MM-3 BM7 IM7 2MT7 M*7 Jl«7 KM 2M7 2MT 2M7 2M7 NOR SHIGA M 27-3 17/17 KM Mi MM 11M tMI MM OKI SMI 11M MOT MALTA M2S-3 ***** MM ISM 11M MM MM ISM IIM 1«M
      1,437 words
    • 526 28 Direct Container Service to Fangcheng Zhanjiang Vessel S'pore Fangcheng Zhanjiang UANBAO 07/07 12/07 14/07 /VO/?TRANS fkJL 45-*****90 Mirfti-Piirpose RO/L0 Carrier Accepting: RO/RO, Ramp Capacity opto 40 tons Heavy lift opto 68.5 teas Ceeveetiead/ Mi kk /(eatrnm/Rrnhn Coalmen "•Thai Flag States hklifnu V.25A SAILED IN PORT SAJUP 07-09/07 MiLywi V.2a 07-09/07
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  • Page 29 Advertisements
    • 1127 29 gfW STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tol: *****88 Fax: *****17 SABAH t BRUNEI CONVENTIONAI SIRVICi I SARAWAK CONTAINER SERVICE VPSE 1 VOY a MUA I Ivissa VOY fsMCAPOtI KUCHWC smmsTw vhi» 03/07 ot/o; oy/o; mm m 0-32 vhiou ot/o; 04/0 y swaitshok
      1,127 words
    • 1227 29 ALSO ACCEPTING TO ODESSA, VARNA AND CONSTANTZA VIA UMASSOL ALSO ACCEPTING TO TRIPOII, BENGHAZI VIA GENOA ALGIERS VIA MARSEILLE. I WKMtmm amciirtnmtm Mn/In%CiMkrmmi/n* xmottomci o^.n» I COSTAR SHIPPING PTt LTD U «»m nunan m)funm cm**,s«• »/l <»«»? ci m. «m/h fj 11 «p» I tita»ih r (i;^«nr w «?ft W
      1,227 words
    • 531 29 II I OUTBOUND HB. I fBI JOH I SW I HK6 I KAO I ftl |Kg TO* TO* I BA6 OSI KOI MOJ DBI ffl M. BIL. I B WHHM2I3/MOS I 30/*****/87 I (0/*****-05/071 01/07 I 10/87 I 11/t)7 I 12/07 I I I 15/07 17/87 11/07 20/07 19/0/ 71/87
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  • Page 30 Advertisements
    • 1216 30 £UROP€AJK/SCAMOtNAVIA/FINLANO/RUSSU cunulu MP RDM ANW HBG TUP LHV LMV THP ROM ANW HBG PKL S6P I E RENOWN RW-017 0/7 20/7 31/7 27/7 20/7 31/7 E GROUP RE 040 4* lit 0/0 M 2/7 4/7 F RrniMnnllwi £2 M J* E. GALLANT RE-047 9/8 IZ* 11/0 13* Wi «/7 10/7
      1,216 words
    • 997 30 BIXPOgT HvfSSU VOYAGt $Cf DM AMI OMN lAH KWT Ml I VISSII VOYAGE OUi AM OMR lAH SGf I I jmruutn «!?S!I ?MSJ U™ i£SJ 14/07 17/07 U/ S. 17/87 I wrong 73/0* ?4/ot ?s/m h/u oi/or I UMONMUO 0411 -071W 11/W 72/07 73/07 7S/07 7V07 |UM (o<Koto *****79 C
      997 words
    • 719 30 S RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 LINES) FAX: *****15/*****03 TELEX: RS ***** RtSHIP (3 Lines) CR NO: **********0E ESQ ETHIOPIAN SHIPPINS LIMES (National Lfaes of Etiaopfa) ACCEPTING FCL AND CONVENTIONAL Voy ETA Loading (or Spore An*wt 18/07 Atoyot 45W8 28/06 Mombasa. Djibouti Assab, Massawa H KIEN
      719 words

  • Page 31 Advertisements
    • 664 31 i JSAi M MYANMA j PHMk FIVE STAR LINE (Myonmar National Lino) Loading for Yang or (Rangoon) VISSa VOT SIN PKG PEN PGO M«GU 137W IN PT < 'AGAM 1 IJ3W MPT MALAYSIA AGfNTS: OOUSTIAO SHIPPING AGENCIES < KUL m 02-03-*****00 PKI: TU 02-03-*****01 J Pllfc m 02-04-*****02 PGO: HI
      664 words
    • 1027 31 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG; *****61 m |wi rco yKsn/voT vot six itm I ami luh ham mhi m 01/07 05/07 04/07 H. CHMIINGH JMW 01/07 M/ 07 M/ 07 10/07 M/ 07 M/ 07 10/07 11/07 11/07 It MONfa IJ7W IS/07 01/00 m/m M/M
      1,027 words
    • 462 31 -jg FAMOUS CONTAINER UNES ill" 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 y HOT LINE: *****33 (30 UNES) jv K Jv JW ■W P 9 m w? tyZi 1 P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 UNES) J. BAHRU PH: 0207-*****22 ■l|Lf« P*L: (03) *****07 JB: (07) *****67
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  • Page 35 Advertisements
    • 529 35 Tropical ia ki Shipping i^r 0 MAfRSK MAERSKASiA NARA 9628 OCTAVO 9627 Port Country 08/07 15/07 BeJ.wCily Belize H/Og )8/08 Bridgetown Borfeodoj U/08 21/08 Cartagena Colombia 13/03 20/08 Castries St. Lucia 13/O8 20/08 Fort de France Martinique 14/08 21/08 Freeport Bahamas 09/08 16/08 .Kingston Jamaica U/08 18/08 Pointe a Pitre
      529 words
    • 1228 35 M ADVANCE CONTAINER LINES (PTE) LTD A I 140 Cecil Street #12-00, PIL Building. Singapore *****0 rA V Lei TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL J CR NO. **********0E 11 ■ANCHOR JAKARTA -I ViSSR VOY SW IKK SM «JSE VOY SIN JKTSIN I SfttSAMUT SRS2I3 03/07 Wid 06/07
      1,228 words
    • 846 35 iQ*****Q000e VOY DAMKTTA LEKAWE HAMBURG THAMESPORT ROTTETOAM ANTWERP VtIEDENORMA NISW 02/07 I*o7 23/07 84/07 2M77 W-LE DE GEMWA HISW QBK7 21/07 3007 31/07 (aw VIUEDELYRA YISW 16/07 28(07 07/08 OftOß 10/06 12/W VILLE DE VELA VISW 23(07 o*oB 13JS WX WW *7*B 1W ALSO ACCEPTING CARGO TO ALL U.K. DESTINATIONS.
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  • Page 36 Advertisements
    • 1684 36 ■■HQmHM [vessel voy sin jkt [vessel VOY S4N ~p!n |M ucccci T— EAGLE TIDE' 134 Tue In Pt St 06/07 JABU BHUM 6713 Tum In PI Thy 04/07 WANA BHUM 333S Wed 03/07 Sun 07/07 B.MAS QUA 6097 Thu 04/07 St 06/07 H NANTA BHUM 301N Tu< In Pt St
      1,684 words
    • 1050 36 11 DUXTON HILL, SINGAPORE *****5 CR **********0N fTEAITf HUTTU W»VK« PORT KLANO PKNANG VW«i VOY WW WCL VMHL VOY WW MN St* LINK 441N ~SUN 30/06" Tilt 07/07 RITA V ***** 30/06" TU< 02/07 MCC VANTAOf 6053 jjON 01/07 WIP 03/07 AIXAJD 6027 WED 03/07 SAT 06/07 SRAKANE ***** WfD
      1,050 words

  • Page 37 Advertisements
    • 633 37 1 I AQ SINO IXPRISS SHIPPING (PTI) LTD. MM I COLLYER QUAY #06-01 THE ARCADE SINGAPORE *****7. m T TEL: *****90 (4 LINES) FAX: *****98 TLX: R*****1 SINOEX SINOTiANS jjUjjWAI (CONTAINER SERVICE) Also accepting container cargo to: r VESSfI/VOY ETA SIN ETAHKG ETA SHA W/T HKG: Beijiao,_Chiwan, jin fu 9611/9612
      633 words
    • 792 37 mrn±m MM ftftMTAIUFR llMrg IMfl l Agents: MAC-NELB SPORE: *****22 (24 LINES) kuchlng: <***** Hv/VrJ owiioillppmoopit 8»U: (064)*****9 MANILA: (632) *****61 PWANQ-fM) *****6 BAMQKOK: (162)*****67 SURABAYA; (31)*****0 RWRAHQ: (03) *****77 JKTi (71) M ***** MDW: (fl) §***** BANDUNB; (22) COW 6 20TH ANNIVERSARY OFFER:-(Lowest-Lowest Rates) PEN/PK SIM HONG KONG 06/7
      792 words
    • 321 37 ATTRACTIVE FCL/LCL RATES TO: Indian Sub-Continent Ports MADRAS/BOMBAY/ CALCUTTA COLOMBO CHITTAGONG NHAVA SHEVA I IWENDER CONTAINER LINES ENQUIRIES BOOKINGS PLS CALL TEL: 224 6744 O.K. LINE FULL CONTAINER SERVICE S 1 PORE/JAKARTA VBSa WOY SW XI TAMBANG VI) 730*7310 03UD7 OMI7 TB* 07AJ7 OWJ7 S'PORE/SURABAYA/SEMARANG VESSa VOY SIN SBY SR6
      321 words

  • Page 38 Advertisements
    • 508 38 BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6 00 0 IJPWPBI A Document Code [tyj msuirno so 12 mmHg If you need insurance coverage for your cargo, look no further. NTUC INCOME'S Cargo Insure-Line has just the plan for your importing and exporting business. Just
      508 words
    • 246 38 To advertise in f Business Centre 1 c^74o-6000 1' now request for Document Code 8000 Shippingtimes Business Centre Advertising that delivers your business facts through the (ax we Are you looking for a freight > who 15... CallSfFA 52 Reliable 10 Efficient for peace Experienced 53 Professional of mind engage
      246 words

  • Page 39 Advertisements
    • 237 39 MANILA MANILA WSSa VOYACI I tTA SIM ffAWU tTA MMI VOMCI 51 TOfCM 5g mwmwuwG toot os/o/wn ot/o/tsAT) u/pytsAD sbwooan *004 n/gygti) n/>y(un w/om*n w«"M TISI os/Q7twn w/pymin VHumvm hi si u/oyon u/pygw) WWHAWWHC *007 09/P7(TUI) 13/07CSAT) SWOOOAM MPS lt/07(TW) 30/07(SAT) KtLANO PtNANO WSStt VOYAGE HA SIN HA KG VKStI
      237 words

  • Page 40 Advertisements
    • 57 40 M.V. "SUN FLOWER" VOY. 3 ARRD 26TH JUNE If* Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 3rd July 1996 *****200 hours at PT3. No further survey will be entertained thereafter. As Agents: "K" Line Kinkai AB
      57 words
  • Page 40 Miscellaneous
    • 119 40 LEGENO: R Thunderstorm Temperature c A V Shower Weother _X Wind direction with speed in knots Ro«n Cloudy Sky Wov Swrfoe# «Ml art indicoted by arrows wtiidi tty wrtfc the wind On. M crcle represents calm or light and vonabie wnd, One haH tleche represents 5 knots L» One hM
      119 words