The Business Times, 31 December 1996

Total Pages: 38
1 38 The Business Times
  • 13 1 The BusinessTimes MITA (P) 023/12/96 85c SIN GAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, DECEMBER 31,1996
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  • 63 1 sra 2218.46 (+15.85) BT-SBI U***** (+11.97) BTCOMP 22ZLS3 (+13.35) BTMGA 1069.44 (+7.54) U MARKET MOOD; STOCK MABKET INDICES Monday Change KUBK COMP 1214.69 +1.69 nan isxuu -la HANG SKNO 13,480.75 +76.6! SCT INDEX ***** -414 JAKARTA COMP __cto«d MANILA COMP dosed TAIPB WPt 6,926.37 +J137 SHM'I.COMP tkmd CTSA
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  • 71 1 EXCHANGE SATES USS S) USS 1.400 1.689 1364 DM 0.643 0.901 YEN 100 0J63 1.508 M$ 0JJ95 0554 HKS 9.129 0.18! BAHT 0.039 0.065 KUPIAH 100 0.042 0.069 PRIME BATES SINGAPORE* 144 KUALA LUMPUR. 9.25 JAKARTA 18.00 BANGKOK 1125 MANILA 13.50 HONGKONG .8.50 TAIPEI 125 SYDNEY .100 TOKYO .2.50
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  • 813 1  -  WP candidate's Chinese chanvinism and anti-Christianity stand is single most important issue: Goh By < Chuang Peck Ming [SINGAPORE] In a surprise bold move yesterday, Prime Minister Goh Chok Tong upped the stakes in the electoral contest for Cheng San
    ARTHUR LEE  -  813 words
  • 389 1  -  Some analysts see rate reaching 120 yen before US$ eases From, Anthony Rowley in Tokyo THE US dollar rose to a 44month high of 116.18 yen yesterday amid concern that investors will shun Japanese investments into the new year. Although traders believe that
    ALLAN  -  389 words
  • 686 1  -  Indon businessman to inject assets worth $165 m into company By Conrad Raj [SINGAPORE] The judicial managers of TV tape manufacturers Electro-Magnetic (1992) Ltd (EML) have agreed to a rescue plan put forward by an Indonesian now living in Singapore. Businessman Joseph Gondobintoro
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  • Page 1 Advertisements
    • 123 1 nrsTOE The year's most fihtm Take your pick of black humour, chilling insights, or the bright and sweet, PglO MEWS TAUPE Gotttroo gets nod far KL listing of Measirex, pg 13. Drop in EPS quite significant some 15% based on 1995 results. Gun profit more than halved, pg 13. Unexpected.
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    • 40 1 More reports from the rallies, Pg 2 Opposition aping Western ideas mindlessly, says SM Battle for votes will get nastier, says Low Thia Khiang Housing review if we 're elected: NSP Editorial: It's make or break for Hashimoto, Pg 9
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    • 142 1 i——Ft———Win !■!—1H I IVO j-ii ll xrwm~r I 114 <tll < > lll»tsl< I I 1141 I I 1114 '"lirard Perregauv Flip r;Vri y /fit > '> Manufacture Girard-Perregacjx Dl P(JiS 1791 Automatic chronograph with'date O t8nir Other models without chronograph .ire also available Exclusive Distributor Ptt* ltd Tel: 7
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  • THE 1997 GENERAL ELECTION
    • 407 2  -  Chinese-ed S'poreans must choose: stability or dominant Chinese society Byi Chuang Peck Ming SINGAPORE must stay the course in its language policy, keeping English as the working language even as the Chinese language gains ascendance as China rises as an economic superpower. Senior
      SIEW YAW HOONG  -  407 words
    • VOTE Notes
      • 106 2 TO THE well-worn crack about the ruling party being the Pay And Pay party, PAP candidates have come up with a few retorts of their own. Lim Swee Say, returned unopposed in Tanjong Pagar GRC, told the lunchtime Raffles Place crowd yesterday: The Workers' Party offered WP
        106 words
      • 108 2 MOST in the local media are inured to being bashed by opposition candidates. Even Chee Soon Juan, who this year perhaps got more space in the local papers than any one else bar the prime minister (Okay, so not all of it was flattering, but that's
        108 words
      • 79 2 PAP ministers and candidates, both those contesting and those returned unopposed, were out in force at the party's lunchtime rally near UOB Plaza today. Lending support off-stage was Mrs Lee Kuan Yew, who sat at one corner of the venue with Mrs Wee Cho Yaw, wife of the
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      • 108 2 ENOUGH mud-slinging at the rallies. The award for Most Wholesome Rally goes t0.... independent candidate Chia Shi Teck (who also happens to be president of the Singapore Scout Association). His rally at Chua Chu Kang on Sunday night had people posted at the muddier parts of
        108 words
      • 101 2 ANOTHER Tang Liang Hong here? Democratic Progressive Party chairman Tan Soo Phuan, in his first public rally at Chua Chu Kang last night, sounded like a carbon copy of the man-in-the-news. In an open letter to voters which Mr Tan handed out at the rally, he
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      • 73 2 SOME 10,000 people braved the muddy field at Aljunied to attend the SDP rally on Sunday night. They filled the entire field, and spilled onto the multi-storey carpark which overlooked it It seemed an emotional night for Chee Soon Juan who apparently shed tears during his
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      • 40 2 REPORTERS covering PAP rallies have been pleasantly surprised to find tables, chairs and drinks provided for them. It certainly made for much easier coverage of the event, what with notebooks, laptops, tape recorders and cellular phones also provided.
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    • 411 2 Tang won't seek court injunction for now The Straits Times WORKERS' Party candidate Tang Liang Hong is not seeking a court injunction to stop PAP leaders from calling him an anti-Christian Chinese chauvinist for now at least. "I don't want to waste my time because we only have two days
      The Straits Times  -  411 words
    • 738 2 More scare tactics likely from PAP, says Hougang incumbent Reporting by Koh Su Haw, Jennifer Lien, Michelle Low, Diana Oon, Annette Pau, Audrey Tan, Tan Su Yen WITH two more days of campaigning to go, the battle for votes will get nastier,
      Reporting by Koh Su Haw, Jennifer Lien, Michelle Low, Diana Oon, Annette Pau, Audrey Tan, Tan Su Yen; ARTHUR LEE  -  738 words
    • 375 2 THE National Solidarity Party last night said it would undertake a major review of Singapore's public housing policy if elected. The government should not try and make money out of selling or renting HDB flats, party president Tan Chee Kien, who is standing in
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    • 428 2 He cites Samuel Huntington's new view: Western values are not universal SINGAPORE has thrived because the government has not followed Western policies mindlessly, Senior Minister Lee Kuan Yew said yesterday. Dismissing the opposition parties for copying their ideas from the West without understanding Singapore's
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    • 570 2 "Mr Tang enjoys being called a dangerous man. He revels in it. This itself shows what kind of person he is. If he really believes that what he has said, and what I heard him say, is not dangerous, that is doubly dangerous. He doesn't realise how
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  • Page 2 Advertisements

  • SINGAPORE AT HOME & ABROAD
    • 332 3  -  E7E OH THE ECONOMY Visitor arrivals By. Agnes Wee VISITOR arrivals grew 1.7 per cent to 599,178 in November over the same month last year. Figures released by the Singapore Tourist Promotion Board (STPB) showed that eight of the 12 top markets recorded higher arrivals
      Source: STPB ALLAN  -  332 words
    • 427 3  - Law firm Chor Pee Co to be dissolved following dispute 3 ex-partners also say they will oppose planned name of Lim Chor Pee's new firm By< Conrad Raj ONE of Singapore's better known law firms, Chor Pee Co, is to be dissolved today following a dispute between its founder and
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    • NEWS Roundup
      • 82 3 FROM tomorrow, phone calls from Malaysia to Singapore wUI be considerably cheaper if they are made using the Singapore Telecom International Calling Card or Phone Home Card. The new rates are 50 cents a minute from Johor and 85 cents a minute from the rest of
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      • 40 3 TELEPHONE cables at the Holland/ Queensway/Farrer road junction were severed over the weekend by the contractor for the flyover project there. This affected about 1,600 lines serving the Farrer Road vicinity. Repair works have been completed.
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      • 40 3 MANDARIN Singapore resident manager Alfred Lien has been appointed its acting general manager. Former GM Jean Wasser has been transferred to Kuala Lumpur's Hotel Istana—a sister company—where he will be general manager with effect from tomorrow.
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      • 68 3 FROM tomorrow, NTUC Income policyholders will be able to pay for the renewal of their general insurance policies at any Nets kiosk. To do so, they must bring their barcoded statements and an ATM card from any of the seven banks. They are DBS Bank,
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    • 294 3 SWISS chemical company Lonza, part of the AlusuisseLonza group, plans to raise Asia's share of its sales from 10 to 30 per cent, its chief executive officer Andrea de Virgilis said yesterday. The company aims to have about one-third of its turnover
      294 words
    • 341 3 AMERICA'S National Software Testing Laboratories (NSTL) will open its fullfledged testing and benchmarking facility in Singapore tomorrow, its first outside the US. It will also site its Asia Pacific headquarters in Singapore. The facility will be the first of
      341 words
    • 889 3  -  OUTLOOK 97: INDUSTRIAL PROPERTY Market watchers divided on whether the market will pick up in the second half ity Diana Oon THE industrial property market is expected to be quiet in the first half of next year, and market watchers are divided
      FILE PHOTO  -  889 words
    • 649 3  -  THE PROPERTY COLUMN The stakes rise as July 1 approaches, since much depends on China's policies Lee Han Shih WHAT has more lives than a cat? The Hongkong housing market, of course. In the past 12 years since former British Prime Minister Margaret Thatcher signed
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  • Page 3 Advertisements

  • REGION
    • 55 4 [MANILA] Children preparing for the New Year's eve celebration tooting colourful cardboard horns as they try to choose which one to buy from a sidewalk display yesterday. Filipinos traditionally greet the New Year with a riot of fireworks explosions and noisy merrymaking followed
      AFP  -  55 words
    • 300 4 MKUALA LUMPUR Reuter A MALAYSIAN politician who was charged with trying to leave Australia with about Asl.2 million (551.32 million) in cash said yesterday that the money was for a property purchase, Bernama reported. Selangor Chief Minister Muhammad Muhammad Taib told reporters in Shah
      Reuter  -  300 words
    • 215 4 HANOI Reuter VIETNAM said yesterday that its trade deficit leapt to a record US$4 billion (555.6 billion) in 1996 as the burgeoning economy sucked in imports faster than it could produce goods for sale abroad. The government's General Statistics Office estimated the volume
      Reuter  -  215 words
    • 344 4 9.7% growth rate this year China's slowest since 1991 BEIJING Slower growth helps Bering in fight against inflation Bloomberg Business News CHINA'S economy, as measured by goods and services produced within its borders, grew 9.7 per cent in 1996, its slowest pace since 1991, the State Statistics Bureau reported. The
      Bloomberg Business News  -  344 words
    • 214 4 ■HONGKONG Reuter HONGKONG'S future leader Tung Chee-hwa said yesterday the Beijing-approved body set up to replace the existing legislature next year will soon hold its first sitting not in Hongkong, but in China. Mr Tung was speaking after his first informal meeting
      Reuter  -  214 words
    • 529 4  -  BANGKOK By Loh Hui Yin PRIME MINISTER Chavalit Yongchaiyudh plans to privatise three of Thailand's biggest state enterprises in the new year to raise funds to help close the yawning gap in its current account. The three are Electricity Generating Authority of
      Source: Bloomberg  -  529 words
    • NOTE Book
      • 96 4 Reuter (HANOI) Vietnam is set to approve plans to build mini-cities on the outskirts of Hanoi and Ho Chi Minh City, raising the value of foreign invested projects approved in 1996 to a record US$9.7 billion (5513.6 billion), the Lao Dong newspaper said
        Reuter  -  96 words
      • 97 4 AFP [KUALA LUMPUR) The Malaysian government is to start a major crackdown on hundreds of thousands of illegal workers after a six-month amnesty ends today. The immigration department said it will take part in the campaign with the army, police and other government agencies.
        AFP  -  97 words
      • 72 4 AFP [KUALA LUMPURI The death toll from Malaysia's worst natural disaster a tropical storm which struck the west coast of Sabah last week rose to 163 yesterday. Rescuers were searching for the fifth day for up to 200 still reported missing, when they recovered two
        AFP  -  72 words
      • 75 4 Reuter [TAIPEI] Taiwan's social order has deteriorated to a "shocking" level, with the crime rate jumping 80 per cent in six years. Interior Minister Lin Feng-cheng said yesterday. The number of crime victims has jumped 60 per cent since 1990, Mr Lin
        Reuter  -  75 words
      • 105 4 AFP [NEW DELHI] India and Israel signed four agreements to promote trade and cultural ties here yesterday, the first working day of President Ezer Weizman's groundbreaking visit, officials said. The pacts, signed by Israeli Ambassador to India Yehoyada Haim and Indian officials, included technical cooperation
        AFP  -  105 words
    • 460 4 JAKARTA Religious, ethnic rivalries not cause of violence: analysts AFP LAST week's rioting in Indonesia's West Java province, the latest in a series of outbreaks of mob violence, has prompted calls for action to address the social problems believed to be behind the
      AFP  -  460 words
  • Page 4 Advertisements
    • 50 4 When the Market gets Going, the Savvy Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— jM http://www.asial.com.sg/btstocks sat 9& 'TO COHHia BUSINESS CENTRE YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION v.. t For an Internet account call Cyberway at 843-4800
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  • REGION/WORLD
    • 546 5 WASHINGTON But index is lower than expected in latest sign of subdned economic growth Bloomberg Business News THE index of leading economic indicators designed to predict US economic activity over the next half year rose for the 10th consecutive month in November,
      Bloomberg Business News  -  546 words
    • 221 5 WASHINGTON Reuter OUTGOING Labour Secretary Robert Reich said on Sunday that any presidential call for revising how the Consumer Price Index is calculated should be a technical and not a political decision. "It should not be a political judgment. It should be a technical
      Reuter  -  221 words
    • 285 5 NEW DELHI AFP LEADING business leaders lashed out at India's coalition government yesterday, accusing it of being indecisive and provoking a crisis of confidence among investors, the Press Trust of India reported. The attack came just 24 hours before Prime Minister Deve Gowda was due
      AFP  -  285 words
    • WORLD Watch
      • 69 5 Reuter [BONN] German Chancellor Helmut Kohl and leading industrialists yesterday insisted European economic and monetary union (EMU) would start punctually in 1999. In an article to appear in the economic daily Hcmdelsblatt today, Mr Kohl wrote that decisions made at the European Union
        Reuter  -  69 words
      • 76 5 AFP [BANGLADESH] An overcrowded local train moves slowly on a bridge with thousands of Muslims returning from the suburban town of Tongi yesterday after the end of the three-day grand Islamic congregation. An estimated 2 million Muslims from home and abroad took part in the Akheri Munajat
        AFP  -  76 words
      • 101 5 Reuter (PARIS] French unemployment hit a record 12.7 per cent in November, resuming its steady rise after a surprise drop in October, and economists said yesterday the peak was still some way off. The number of unemployed rose by 20,700 last month, after a 12,000
        Reuter  -  101 words
      • 84 5 Reuter [FRANKFURT] German Economics Minister Guenter Rexrodt said yesterday that Germany could still achieve the seemingly ever more-difficult goal of halving its 4 million jobless total by the year 2000. Mr Rexrodt told German radio that the target, which Chancellor Helmut Kohl recently suggested
        Reuter  -  84 words
    • 250 5 LONDON Reuter MANAGEMENT buy-outs hit record levels in Britain in 1996, a survey from the the corporate finance arm of accountants KPMG, released yesterday, showed. KPMG estimated that the value of buy-outs and buy-ins totalled £6.77 billion (Ssl6 billion) this year, above the
      Reuter  -  250 words
    • 138 5 NEW DELHI AFP INDIA'S Supreme Court yesterday ordered around 300 factories near the Taj Mahal to close within four months to save the mediaeval monument from decay. The Supreme Court asked 292 coal-based factories to stop operating by April 30, switch to
      AFP  -  138 words
    • 49 5 [PARIS] A man leaping on his ice skates on Sunday on ice covering the Trocadero Lake in Paris. France had its coldest night of the year between Dec2B-29and frost records going back over 30 years have been shattered according to the French weather centre. REUTER
      REUTER  -  49 words
    • 490 5 U LIMA Speculation mounts after Fujimori minister meets Tupac rebel leader Reuter FIRED by weekend progress in contacts between the Peruvian government and Marxist rebels holding 83 hostages at the Japanese ambassador's home, speculation mounted yesterday about possible new efforts to end the stand-off.
      Reuter  -  490 words
    • 342 5 SEOUL AFP, Bloomberg Business News SOUTH Korea's current account deficit soared 10 fold in November as exports tumbled, making it likely the deficit will almost triple this year. The nation's current-ac-count deficit is expected to exceed the government target of US$22 billion
      AFP,; Bloomberg Business News  -  342 words
    • 359 5 SEOUL Reuter STRIKING South Korean subway drivers and nurses began drifting back to work yesterday, but labour union leaders said it was only a temporary retreat and vowed to escalate industrial action in the new year. Shipyards and car plants remained idle, and
      Reuter; REUTER  -  359 words

  • Page 6 Advertisements

  • FOCUS
    • 1139 7  -  Western belief in the universality of Western culture is false, immoral and dangerous, says Samuel Huntington Samuel Huntington We reproduce extracts from Samuel Huntington's new book "The Clash of Civilisations and the Remaking of The World Order": IN THE emerging world of ethnic conflict and civilisational
      FILE PICTURE  -  1,139 words
  • Page 7 Advertisements
    • 123 7 45%° F F_ A PERSONAL HOTIt THAT'S CLOSI TO IVIRYTHINO. You're in the heart of Marina Centre and the new Millenia Singapore shopping and entertainment complex. Only 15 minutes from Changi International Airport, adjacent to the Singapore International Convention and Exhibition Centre and a stone's throw from the financial district
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    • 29 7 v ps- v aHT Fbfltalinformation, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and < Lianhe Zaobao.
      29 words
    • 63 7 K aim /H H E/ H B I JBB -J B—<4 I |j*x*> MM I I Stylish patio 170 jv fumrture II Cr** llßSßSsfiH^fl^*HB l>l,l '®®'®*ißHNSMHP Mft[ Fab bargain buys in Bombay 10/^— ■|||I■ 1111 l chocks from SSIB9 C.FT IT NOW! Times the Bookshops NTUC Supermarkets Kinokuniya 7-Eteven MPH
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  • Page 8 Advertisements
    • 1238 8 ST COMPUTER SYSTEMS SERVICES LIMITED (Incorporated in the Republic of Singapore) a maker «f Singapore Technologies i NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of the Company will be held at 7, Bedok South Road, Singapore *****2 on 16th January,
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    • 1495 8 ST ELECTRONIC ENGINEERING LIMITED (Incorporated in the Republic of Singapore) a Mater* Singapore Technologies NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of the Company will be held at the Theatrette, 6th Storey, 24 Ang Mo Kio Street 65, Industrial Park
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    • 522 8 TO ADV ERTISE CALL TOLL-FREE 1800-741 1883 M THE MATTER OF THE COMPAMES ACT. CAP. 50 ANO M THE MATTER Of UON TYRES PTE LTD (M MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306<1) of the Companies Act. Cap 50 that the Final
      522 words
    • 273 8 In the Matter of The Companies Act Cap 50 and In tw Matter of SUBUNK TRADERS 4 FORWARDERS PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Haveloc It Road, #0707 Apoto Centre, Singapore *****3 on Monday, the
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  • EDITORIAL & OPINION
    • 747 9  -  TBS BOTTOM LIME OPINION By Anthony Rowley The writer is BT's Tokyo correspondent BY trying to be all things to all men, the Asia-Pacific Economic Cooperation forum could end up disappointing everyone Instead of seeking to become a G-7, WTO, OECD, United Nations agency
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    • 154 9 'What people expect in memoirs of an actress is not what I'd be interested in: My private life. That's all people want to know and I find that so cheap.' Catherine Deneuve French actress who turned off the idea of writing her autobiography by having to satisfy
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    • 629 9 EDITORIAL THE New Year will make or break Japanese Prime Minister Ryutaro Hashimoto, who is gambling everything on the hope that he can deregulate the nation's ailing economy out of trouble. That Japan is headed under his leadership towards becoming a lower-cost economy seems
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    • 948 9  -  International managers join race for piece of newly deregulated market in Japan By] Richard Lapper Financial Times THE BATTLE to manage Japanese pension funds, one of the world's biggest pools of capital, is intensifying. Deregulation of the 240 trillion yen (552.9 trillion) pension fund system has
      Financial Times; FILE PHOTO  -  948 words
    • 842 9 Promises that cant be kept IN early February, US President Clinton will send to Congress what will be called a plan to balance the budget by the year 2002. The congressional Republicans will then present a comparable plan, and negotiations will likely work out the differences.
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  • Page 9 Miscellaneous

  • EXECUTIVE LIFESTYLE
    • 1065 10  -  1996's memorable films either boasted black humour, chilling insights, or were bright and sweet says jametmaslxk JANET MASLIN THIS year in film seemed more like two. The most memorable films of 1996 suggested parallel universes, one light and one fascinatingly dark. A mordant outlook, along with chilly
      FILE PHOTOS  -  1,065 words
    • 780 10 INTERNET A boon for the serious collector and the casual bargain-hunter NYT JNEW YORK] CLICKING once, clicking twice sold! If roadside flea markets and country auctions are hard to resist, imagine visiting, in 4he comfort of your home, an Auction on the
      NYT  -  780 words
    • 442 10  -  FILM Six-episode series will cost USs3.sm to produce, says project chief By' Toh Han Shih AN ENTREPRENEUR is setting up a Singapore company to produce a documentary series that will be shown on China's national television. The project's chief executive officer Jason
      442 words
    • CHATTER Box
      • 77 10 NYT [NEW YORK] Now Sarah Ferguson, Britain's divorced Duche# of York, is giving away the coat offher back. It will go lo aq anonymous beneficiary of the New York Cares Coat Drive. Donors' garments are distributed to needy children and adults in New York and
        NYT  -  77 words
      • 103 10 while her tales raise cash AFP [LONDON! The cash-strapped Duchess of York has invented a fictional double, Princess Amanda, to rescue her from threatened bankruptcy while getting back at Britain's royal family. According to The Sunday Telegraph, which carried extracts from two books for children featuring the red-headed princess, the
        AFP  -  103 words
      • 71 10 AFP [MOSCOW] Fun-loving Russian President Boris Yeltsin used to dress up as Father Christmas to hand out presents to his children, his wife Naina said. But Mr Yeltsin has since undergone iraOor heart surgery and will see in the new year quietly in his Moscow
        AFP  -  71 words
      • 82 10 AFP [GENOA, Italy] The inhabitants of Rossiglione will erect a tombstone to commemorate the birth of Frank Sinatra's mother, they said. Natalina Garaventa was born on Dec 26, 1896, in Rossiglione, 30km from Genoa in northern Italy. She left Italy aged two months when her parents
        AFP  -  82 words
      • 102 10 AFP [JOHANNESBURG] The illegitimate South African daughter of Laurens van der Post, shunned during his life, is to sue his estate, the Johannesburg Sunday Times reported. Cari Mostert's decision to make a claim on the estate of the famous philosopher and soldier will
        AFP  -  102 words
  • Page 10 Miscellaneous
    • 218 10 THE WEATHER Singapore Fair and windy except for a few passing showers in the afternoon. Temperature (31-23) AaU-Padllc Hl/Lo* Good. Europe Hl/Lo' Cood. America Hi/Lo' Cood. Aurilaad 27 1« (Vwh A—Hilaw -i'-K <*wd\ AOanu IMS <>«t> Bai#Ju* Sittf <V*id> Aim OK-W1 Show trs Buenos Am* tifW Tatar* Be|uw_ 06-5 (Vwdy
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  • Page 11 Advertisements
    • 550 11 Where to wine, dine and entertain Novelties 2 Door Gifts Q tl S+Or\e Glass of Champagfcc A Mobile Disco Grand Countdown Parade Satellite Balloons at the hotel Available from 7.00 pm to 2.00 am at $55 per adult ana $53 per child 7/, bdow 10 yean of age. \hhhh Pi&a
      550 words
    • 282 11 Singapore Business -Giving you the winning edge LONGEST rfi-jca it) Jew Nflsflmall|MtDSf Iun.V(M»AwV BY POPULAR DEMAND! e jteost on our spread of Pastries, Nonya Kuek, and local favourites tike Mee Siom, Laksa, Rojak, Mee Rebus and more! Adult: $12.80 (Sat, Stm A Public Hotidays: SI3 80) Child: $7.80 Smbfml m
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    • 125 11 i BIGGEST Dian Xin Restaurant At The Neptune on Shenton Way i Dian Xin/Lunch I j j 11.30am-2.30pm ®e&55 1 MpWIN 7IM aot*. OKSCAS UMON HOUSE. I COU.YEK QUAY. SMGATOKE 0493 a TEL: 224 3922 A Bigger Better Tiinch MORE VARIETY EXCELLENT VALUE SAMEOLDPRKIE gBfHRv $13.80+++ (adult) IS.oo+++(Child) WNMNMc Holidays
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  • Page 11 Miscellaneous
    • 791 11 TV&RADIO Prnnil— r Internal Affairs (See 0.00 Gempa '96 (Variety). EE2SIZsQSZIS3HHHHHHHHHHBHHHHHHHHI Our Choice). 10.00 Pentas "Ramlah Ram. LOO PM TV Innovations. LOO AM New Year Special V: 11.00 Year End Special. I 230 The Winners. Sports Illustrated LOO AMTamil Movie. WM 1 3.00 Money, Money. Money. Swimsuit'9s. 4.00 Close. 330
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    • 219 11 CRYPTIC CROSSWORD 1 Idling lout tucked into fish (7) 5 The discussion group remains 888 HV jHSI |H 19b ME Sfift in uproar (7) 11 Agitated manner I show math- n—^^ ematician (7) fIK. the sauce (7) one y ing because it's much colder profession (9) 27 Drunk with water
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  • CYCLE & CARRIAGE GOLF PAGE
    • 1380 12  -  Wairakei, with all the hallmarks of an international design, is among New Zealand's best laid out golf courses, says micklaus NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review. This review and further information about golfing in Asia are available on
      1,380 words
    • 351 12 Wairakei coarse lies at the heart of some great attractions OF THE 400 or so golf courses in New Zealand, you could probably count the number of courses set up for the international tourist market on just one hand. While the situation is rapidly changing,
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  • Page 12 Advertisements
    • 123 12 Few cars pander to the wishes of the discerning driver like the C-Class does. You can take your pick of engine t dpai itif s ac cording to /"I "I your liking. There's the economy of the C 200 or the power of the C2BO to choose from to suit
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  • COMPANIES & MARKETS
    • 339 13  -  Sesdaq company also catting stake in Malaysian subsidiary unit Goldtronics By) R Sivanithy [SINGAPORE] Sesdaq-listed Goldtron's Malaysian subsidiary Measurex Corporation Bhd (MCB) has received inprinciple approval to list on the Kuala Lumpur Stock Exchange's Second Board an exercise which will reap
      339 words
    • 239 13 [SINGAPORE] Former minister and union leader Lim Chee Onn has been appointed the new chairman of Straits Steamship Land (SSL). As of tomorrow, Mr Lim takes over the helm from Sim Kee Boon, who remains executive chairman of Keppel Corp and chairman of Keppel
      239 words
    • 208 13 [SINGAPORE] Industrial equipment supplier Causeway Investment has undergone some changes in top management. Osman Ahmad and Alan Ong Tee Thong resigned as directors with effect from Dec 28, and Phoon Chiong Kit will cease to be managing director with effect from today. Mr Phoon has
      208 words
    • 612 13  -  HOCK LOCK SIEW Shiv Taneja UNITED Overseas Bank, which already derives some 29 per cent of its net earnings from international operations, is gearing up for further regional expansion with the announcement last week of a merger of its Malaysian operations. And
      612 words
    • 219 13  -  ELECTRONIC STOCKS Fall attributed to competition, loan interest, R&D and operations revamp Hy Christopher Tan [SINGAPORE] Cam International Holdings suffered a 59.9 per cent drop in after-tax profit to $3.36 million for the full year ended Sep 30. Despite a slowdown in
      219 words
    • 201 13  -  By 1 Toh Han Shih [SINGAPORE] Creative Technology's shares jumped 70 cents on the main board yesterday to $14.10. The counter had already moved up 60 cents last Friday. DBS Securities research manager Winston Lim attributed the price surge to the yen's depreciation against
      Source: Bloomberg ALLAN  -  201 words
    • 371 13 Bloomberg Business News [SINGAPORE! Yamaichi Research Institute expects Singapore's electronics stocks to rise next year, driven by growing United States electronics demand. The brokerage raised its opinion of electronics stocks to "neutral" from "underweight", said Phoon Kok Fai, head of research in Singapore,
      Bloomberg Business News  -  371 words
    • REGIONAL COMPANIES
      • 625 14  -  Senior executives led by chairman Larry Yang will buy 15.5% of stake at QK$33 per share FrorrH Quak Hiang Whai in Hongkong IN A surprise move which boosted share prices of red chips across the Hongkong market yesterday, Chinesecontrolled Citic
        625 words
      • 366 14  -  By\ Lee Han Shih [SINGAPORE] FIRST Capital Corporation (FCC) will have a much larger exposure to the Chinese property market if its proposed acquisition of a Hongkong-listed company is approved by shareholders. FCC, a subsidiary of the Hongkong Guoco group, has proposed to
        366 words
      • 139 14 Millennium Copthorne buys Paris hotel for 125m Ffr [LONDON] Millennium Copthorne Hotels pic said it has bought outright the Copthorne Commodore Hotel in Paris for 125 million French francs (5533.4 miUion) in cash in order to allow for a refurbishment of the building. The company, a subsidiary of CDL Hotels
        139 words
      • 363 14  -  By. Larry Wee [SINGAPORE] American equity markets could be in for a cyclical downside correction of up to 30 per cent in the first half of 1997. Even in the best case scenario, both the Dow Jones
        363 words
      • 121 14 Bloomberg Business News [HONGKONG) Shares in Henderson Land Development Co, one of the territory's biggest developers, rose to a four-week high after the company said it plans to become the first Hongkong company to trade stock in Tokyo. Henderson shares rose almost 2 per cent to
        Bloomberg Business News  -  121 words
      • 443 14  -  Beijing list reflects strong emphasis on basic industry and infrastructure By Lu Ning [SINGAPOREI China on Sunday announced a list of 38 firms approved to seek listing in foreign bourses. The composition of the list reflects a strong emphasis on basic
        443 words
      • 409 14 IPO foods will be used to reduce bank borrowings, finance Shandong park devt [SINGAPORE) Local fruit and vegetable distributor and processor, FHTK Holdings (Fook Huat Tong Kee), has obtained a licence from the Chinese authorities to sell up to
        409 words
      • 203 14 [SINGAPORE] Great Eastern Life will launch two whole life plans tomorrow to enable policyholders to enjoy increasing cover irrespective of their health conditions. The new plans are the Dynamic Living Assurance and the Dynamic Prolife. Great Eastern's chief actuary, Eric Seah, said yesterday: "Whole life
        203 words
      • 272 14  -  By\ Lu Ning [SINGAPORE] GT Group, a Singapore-registered investment unit of Indonesian conglomerate Nursalim Group, has launched a US$46O million (*****.5 million) tyre plant project in the southern Chinese province of Fujian. The investment plan, to be implemented through GT subsidiary Putian Primeland
        272 words
      • 213 14 LindetevesJacoberg bags $21m sewage deal [SINGAPORE] Industrial engineering group LindetevesJacoberg has landed a $21 million sewage treatment contract. The company will build sludge treatment facilities in Phase IV of the Bedok Sewage Treatment Works for the Environment Ministry. This contract will have no material impact on the group's earnings and
        213 words
      • COMPANY Briefs
        • 51 14 [SINGAPORE] Sembawang Marine and Offshore Engineering, an arm of the Marine and Heavy Industries Group of SembCorp, has been awarded a contract by Vietsovpetro to design, build, test deliver and commissio a 70-man living quarters module for the White Tiger field off Vung Tau,
          51 words
        • 68 14 [SINGAPORE] Guthrie GTS, through its Hongkong subsidiary Lao Hotel has bought 35.66 million more shares of HKIO.IO each in Interform Ceramics Technologies for HK540.79 million (557.38 million). With the acquisition, Guthrie Group's shareholdings in Interform has risen to 142.41 million ordinary shares representing
          68 words
        • 63 14 [SINGAPORE] Pertama Holdings incurred a loss of $1.47 million for the half-year ended Sep 30 from a net profit of $132,000 in the previous corresponding period. Turnover fell 13.9 per cent to $94.1 million from $109.2 million. The figures work out to loss per share
          63 words
        • 43 14 [SINGAPORE] The following Tuan Sing Holdings subsidiaries have raised their paid-up capital Golden Cape Investments from $2 to $1 million; TSH China Holdings from $2 to $1 million; and Tuan Sing (HK) from HK$2 to HK$l million.
          43 words
        • 76 14 [SINGAPORE] Ong Beng Seng's Hotel Properties Ltd (HPL) has renewed its tenancy agreement with Club 21 for certain premises in HPL-owned Hilton Shopping Gallery. Club 21 is 40 per cent owned by Mr Ong's wife, Christina. Mrs Ong's father (Peter Fu Yun Siak)
          76 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 434 15 Record 867 tap US equity markets for USssob up to mid-December FT [NEW YORK] European companies reaped a windfall from US equity markets this year, raising US$6.l billion (SsB.s billion) in new capital as 38 issued shares to investors for the first time.
        FT  -  434 words
      • 352 15 FT [LOS ANGELES] Michael Ovitz, who resigned last month as president of Walt Disney just 16 months after his appointment, could have received a pay-off worth up to US$l5O million (Ss2lo million) if he had been fired. The figure comes from
        FT  -  352 words
      • 455 15 Powerhouse with revenues of USs4J>b and 2 2m customers to be created NYT [NEW YORK] In a deal with far-reaching political and financial implications, Brooklyn Union Gas and the Long Island Lighting Company (Lilco) agreed on Sunday to a merger that would create
        NYT  -  455 words
      • 343 15 Reuter [LOS ANGELES] Apple Computer Inc paid chairman and chief executive officer Gilbert Amelio nearly US$3 million (554.2 million) in fiscal 1996 while outgoing chief executive Michael Spindler received -a total of U554.66 million. According to the company's annual proxy statement filed with
        Reuter  -  343 words
      • 238 15 Reuter [LONDON] CRESTCo, the Bank of England-led group developing the Crest computerised share settlement system for the London Stock Exchange, said yesterday it is seeking regulators' support for a rigorous new settlement regime. An unpublished draft of CRESTCo's new settlement rules dictates
        Reuter  -  238 words
      • 48 15 [TAIPEI] A construction worker in Taiwan tearing down a scaffolding after finishing renovation works for a building in Taipei yesterday. Taiwan's construction industry was mired in a slump this year, with many companies unable to give their employees the traditional year-end bonuses. REUTER
        REUTER  -  48 words
      • 365 15 The new strategy follows the demerging of the Hanson group FT (LONDON] New Hanson will be seeking expansion in the US as the key to growth in its core building business after the final demerging of the Hanson group,
        FT  -  365 words
      • 380 15 Reuter, Bloomberg Business News [THE HAGUE] Dutch Aegon NV, one of the world's largest insurance firms, said yesterday it will buy the insurance activities of the Providian Corp of the US in a deal worth US$3.5 billion (554.9 billion). The deal is
        Reuter,; Bloomberg Business News  -  380 words
      • 397 15 AFP [BOMBAY] Japan's Matsushita Industrial Electric Co Ltd has put its ambitious growth plans in India on hold, citing a slowing consumer electronics market and poor response to its products, a report said yesterday. The Economic Times said Matsushita, the world's largest consumer electronics
        AFP  -  397 words
    • FINANCE & COMMODITIES
      • 579 16  -  OUTLOOK 97: CURRENCIES But turnover growth will continue as US, EU traders turn to Asian currencies By I Siow Li Sen [SINGAPORE] The regional currencies market, dominated by the rupiah and baht, has had a relatively quiet year with no big shocks but
        Source: Bloomberg  -  579 words
      • 498 16 Study shows slowdown in premium growth has already began in parts of Asia Reuter [SINGAPORE] Asia appears the stuff of dreams for Western insurers hopeful of dou-ble-digit premium growth, but every silver lining has a cloud, as Swiss Reinsurance Co's research bulletin showed in October.
        Reuter  -  498 words
      • 497 16  -  Jewellery orders seen improving in US, Europe and Asia By Neil Behrmann [LONDON] Gold enthusiasts believe the metal will recover in 1997 because of growing jewellery demand and stock market uncertainty. "Gold will thus maintain its role as a contra-cyclical
        FILE PHOTO  -  497 words
      • 429 16 FT, Bloomberg Business News [LONDON] Flemings, the investment banking group that includes Robert Fleming in London and Jardine Fleming in Hongkong, is to launch its first global research initiative aimed at fund managers investing in emerging markets. Flemings, which has invested US$l million (Ssl.4 million) in
        FT,; Bloomberg Business News  -  429 words
      • 230 16 gIMBT Report Reuter [SINGAPORE] Simex Euroyen futures were mixed yesterday dominated by arbitrage opportunities, while Japanese government bond futures (JGBs) eased on yen pressures. "There were lots of spreaders in Euroyen, selling the front and buying the back months," a trader said, noting the market
        Reuter  -  230 words
      • 174 16 Reuter London THE dollar ended the European session quietly steady as the market wound down for the New Year holiday break. Volume was extremely light and an even quieter day is expected today with Japan and some European centres, including Germany, on holiday. Dollar/yen continued firm but was
        Reuter  -  174 words
      • 308 16 ENERGY REPORT Reuter [LONDONj Winter chills sent oil prices surging again yesterday as European buyers rushed to cover demand amid sub-zero temperatures. London February North Sea Brent Blend jumped 44 cents to U5523.86 a barrel, helped by renewed demand for heating oil in northern
        Reuter  -  308 words
      • Article, Illustration
        1420 16 DITBRBAMR CROSS RATES Dec30 AS fk ECU Fir P». Mt.Hdjsfc** Yen Won M$ N2$E*0t Peso UK »r »T$ W Nw< Ut$ Awtrafta 1091 6.(71 0642 4.176 1239 tJSfe ***** ***** 0.924 6.734 2.0* U27 ********** U* 1710 LOTS *****20.44ft 0.472 0.797 Cauda 0.917 6.002 0.509 3.020 106 5.655 26.253 17.268
        1,420 words
    • 1714 17 SICOM FUTURES 1M-W RJ88ER (M«r*5 ciostoq M 5 JO*a) RSS1 CONTRACTS CMti/ty &OSO Vofcme Open m*k Hkjh Low Sett (towns) Interest Jan 97 ***** 50 200 Fife 97 17S.2S 178.25 177.50 250 1925, Mar 97 180.25 50 1825 Aor/JM 97 183.50 900 5025 Jul/Sep 97 186.25 75 5610
      1,714 words
    • 2343 17 LONDON Industrials •kM Nn AB Ports 284 400 Abbey Nation* 762 *2 Anted Domecq 454 1.600 Amec 91.600 -.400 Asda Group 122.200 .200 BAT Ind 479 5 B)CC 273 -2 BOC Group 879 5.600 BR Petroleum 700 5 BTR 280 6.600 Bank of Scotland 307 unch Barclays
      2,343 words
    • 1611 17 AFX-Asia Q Nikkei 225 -7.8# SHARE prices closed lower on margin-linked selling yesterday, but off their lows due to support from short-covering and bargain-hunting from foreign investors, brokers said. The 225-share Nikkei Average closed down 7.69 points at 19,361.35, off its session low of 19,108.50. Trading was subdued on
      AFX-Asia  -  1,611 words
    • Article, Illustration
      1592 18 AFX-Asia F1 Hang Seng +76.61 SHARE prices closed higher yesterday as a rally in financial stocks, including index heavyweight HSBC, pushed the main index higher. The Hang Seng Index closed up 76.61 points at 13,480.75. Turnover was strong at HK$9.7B billion. The January futures contract was last quoted at
      AFX-Asia  -  1,592 words
    • Article, Illustration
      665 18 Reuter 11 Shenzhen B Index ♦12-86 SHENZHEN shares ended sharply up yesterday on renewed confidence after an official newspaper said last Friday that excessive speculation on the stock markets had been effectively checked. The B Index ended up 12.86 points, or 9 per cent, to 155.19 on volume of
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  665 words
    • 380 18 AFP QWP Index +2137 SHARE prices finished higher yesterday as some investors picked up plastic and chemical issues. "Petrochemical firms, boosted by their plan to raise raw material prices, outperformed other sectors," said a trader. The TSE Weighted Price Index added 22.37 to 6,926.37 points. Turnover was 1.23 billion
      AFP  -  380 words
    • Article, Illustration
      851 18 AFP Q SET Index -414 SHARE prices closed lower in thin trading yesterday amid selling pressure on banking and finance shares. Trading was mainly among local investors adjusting portfolios at the end of the year. The SET Index fell 4.14 points to 831.57. Turnover was 77.6 million shares worth
      AFP  -  851 words
    • 616 18 AFP AH Ordinaries »17J3 SHARE prices climbed 0.7 per cent yesterday to push the bourse to a record high close, breaking through the 2,400point barrier for the first time. The All Ordinaries Index added 17.3 points at 2,412.9. Turnover was 222.2 million shares worth A 5431.9 million. Resource giant
      AFP  -  616 words
    • 267 18 Bloomberg Business News PI Wellington *401 SHARES gained in subdued trading yesterday. The benchmark NZSE Top 40-share Index rose 6.01 points to 2,356.43. Within the index, advancers beat decliners by 19 to 10. •km W <ooo) ANZ Bonking 8.77 0.10 1202 Advontoqos HMqs 1.2? *0.01 '2000 Air N«a> Z»«Und
      Bloomberg Business News  -  267 words
    • KUALA LUMPUR STOCK MARKET
      • 7906 19 Bloomberg Business News U Composite Index *5.69 STOCKS rose yesterday, led by United Engineers (Malaysia), which will raise highway toll rates later this week. UEM, which has the right to collect tolls on the 800-km North-South Expressway, gained 80 sen, or 3.7 per cent, to
        Bloomberg Business News  -  7,906 words
    • WARRAHTS & OPTIONS
      • 3733 20 BOIIOS, LOANS ft WARRANTS m 1996 Lot Vat Day Last Ouata *1 High Law Stno Company Sala Mr COOO> High Law Bwyac SaKar Prtea 54 47 m 3000 m AM08 cS.5%*****6 48 -O S S 48 48 48 SO 515 39 3160 A Ac«f ******1USS 47 *03 27 47 46.5
        3,733 words
      • 162 20  -  WARRANT WATCH By] R Sivanithy CLOB International has been quiet for some weeks now as punters have preferred to focus on the Kulal Lumpur Stock Exchange's Second Board. The nature of the local market, however, is such that sooner
        162 words
    • 2238 20 6c Of I9M Last Vol 0*y Lwt Owtl M* OK VM Nat MC# Hl» Ll. Mm Company itH COOO> High L— 8uyar U*r Cw P/t jo* 625 360 T7Arif Ti 10 376 372 374 388 50 4.9 80.0 385.7 It9 84 ms 5001 AMOflSOc 945 »1 256 95
      2,238 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1499 21 TURNOVER COOO) VALUE COOO) Mrt> CH> T«m *talw CH* T»UI industrial 14.100 3.143 17.243 <W« "."2 FImki 3.1*4 2.020 5.186 40.371 3,964 44.335 Hotall 347 2M *35 797 492 U» Propwttw 2,3»5 2.227 4,742 14.072 2.681 16.753 246 246 MMnq 147 147 342 342 M.W 9,018 4.679 15.697 6.699 6,512
        1,499 words
      • Article, Illustration
        60 22  -  by! Shiv Taneja UOB's foreign shares closed yesterday at a sixmonth high of $15.90, up 20 cents on a volume of 1.3 million shares. Not surprisingly, most technical indicators are calling a sell on the stock at current levels. Both RSI and Stochastics are well past 75, while
        60 words
      • 869 22  -  STOCK MARKET COMMENTARY Meanwhile, Malaysian second liners were very much in play, especially counters from the ELSE Second Board By R Sivanithy [SINGAPORE] In a market where players were largely absent because of the holiday season, there was little resistance yesterday to window-dressers bent
        869 words
      • ON THE GRAPEVINE
        • 96 22 A CABBIE recently asked his fare a journalist where he could get an advance list of all the venues and times of upcoming rallies. The journalist thinking he was like the many highly political animals behind most cabs—told him he could try the police since they had
          96 words
        • 100 22 HERE is a rumour that has been doing the rounds in the market for some time now and if it does indeed come true, remember you read it here first. According to some in Raffles Place, broking commissions are going to be cut from a maximum
          100 words
        • 53 22 No property department yet A COLLEAGUE in the newsroom received a letter addressed to The Business Times, Property Department. Sure, Singapore Press Holdings (our parent) has now decided to make property investment a core business, but things haven't moved so quickly that BT has set up its own property department.
          53 words
        • 59 22 IN FINLAND, a telecommunication provider is offering Internet phone services. In Singapore, Internet Service Providers are not allowed to offer Internet phone services, according to the Telecommunication Authority of Singapore. However, Singaporeans who have Internet phone products are allowed to market Internet phone calls. Will Finland start
          59 words
        • 137 22 Cable or ADSL two transport modes ADSL, a technology for bringing high-speed Internet and video to the home, can be deployed over existing copper phone lines without the need to lay new cables. Cable modems, which are Singapore Cable Vision's (SCV) mean of bringing high-speed Internet and video, require laying
          137 words
        • 85 22 THE WORD out on the street is that an informal network of private bankers was set up earlier this year. It is not a formal association, but we gather that several top notch private bankers get together from time to time to swop war stories (even if not
          85 words
        • 94 22 AT SENIOR Minister Lee Kuan Yew's lunch time rally at Boat Quay yesterday, something strange was happening in UOB's banking hall several people were being politely shown the door by security staff. No, these were not errant bank customers, but passers-by walking into UOB Plaza in
          94 words
    • 4788 21 Or Gr M wt t996 Last Vol Day Last Quote Dtv Oh» Yld Net Cap Avg High Low StNo Company Sale fOOM W» U» W* Cw Pit WWW INDUSTRIALS 5)46 ASENT$W200 US- 1000 900 ASF US$0.***** US900 885 214 165 1258 Ac»f50c US172 unch 39 172 172 171
      4,788 words
    • 995 21 Or Or MWt 1*96 Last Vol D«y L«ft Owot* Wv Or* Yld Nat Caa Ava NM» I— mm Ct UH fOOOl H» U» Of P/I $mM Prlca 289 133 a 2000 ABRHMqiSc >60 H 12 161 160 160 162 3.0 14.2 0.1 100.0 7L2 161 151 68 2049 AS
      995 words
  • Page 13 Advertisements
    • 28 13 Ladies' choice! I f J v t f i pf Rado 'DiaQueen'. Scratchproof high-tech ceramics, solid 18-carat gold and nearly diamond-hard sapphire crystal in perfect harmony. RADO Switzerland
      28 words

  • Page 14 Advertisements
    • 93 14 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words




  • Page 18 Advertisements
    • 102 18 Enhatypy^^ 'd I Company anniversaries. Official openings. Corporate achievements. Topping-up ceremonies. And other special events. They are a cause for celebration. Use them to increase your company profile by taking out a Special Feature in our group of newspapers. Talk to us! We'll be pleased to be your marketing partner.
      102 words
    • 8 18 Heme Decer -For people who love their homes
      8 words


  • Page 20 Advertisements
    • 140 20 Send lO froo faxes today! 4 I &MA&ER 11 j Got an Internet account...try out Send e-mail to any place in 2 11 H% Asia One's Fax Mailer where you T/| VHfl continental United States from \i——if can send e-mail Mi a I IMfl II BK anywhere in the world
      140 words

  • Page 21 Advertisements
    • 25 21 FOUND SOMETHING? Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. ICXTS,I1 CXTS, I Another Classified Service VIHn
      25 words

  • Page 22 Advertisements
    • 1513 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LAU KUEIHUAT (SINGAPORE) PRIVATE UMITED (Incorporated In the Republic of Singapore) (In members' voluntary winding-up) At an hxtraordinary General Meeting of l.au Kuei Huat (Singapore) Private Limited duly convened and held at 15 Knggor Street Realty
      1,513 words

  • SHIPPING TIMES
    • 253 23 Bridge News THE daily Biffex report and time charter were not available because of the holiday. Fixtures TANKERS: There was little activity on the tanker market but very large and ultra large crude carrier rates remained firm in extremely sluggish post holiday trading, brokers said. New business was
      Bridge News  -  253 words
    • 296 23 scs wmmsM to» BkM CWT Distribution—120 unch 31 Oman Hup 0.93 -0.005 62 Cosco tavastmant 1.58 unch 33 FELS 7 JO *0.15 156 Freight Links OAS *0.015 10 Gb Holdings OUS unch 25 Hal Sun Hup 0.995 -0.005 32 HitacN2osan a77 -0.02 9 IMC Holdings HK 5.60 Jay*
      296 words
    • 484 23  -  Computerised vehicle-scheduling, satellite-tracking systems to boost hauliers' productivity By' Yong Mei Fong [SINGAPORE] The Singapore Freight Forwarders Association (SFFA) is aiming to boost the productivity of the haulage industry here with the is-land-wide use of computerised vehicle-scheduling and satel-lite-tracking systems. SFFA chairman Stanley
      484 words
    • 370 23  -  By] Felix Chan [SINGAPORE] Local freight and logistics conglomerate YCH Group has been appointed by US-based Rohm and Haas Company as its integrated logistics provider in the Asia-Pacific region. With the appointment, YCH will handle all inbound and outbound cargoes and
      370 words
    • 231 23 Cheats misrepresent cargo to get lower freight rate Journal of Commerce [SAN FRANCISCO] Shipping lines that carry goods from Asia are planning an all-out attack against the practice of misidentifying cargo in order to secure a lower freight rate. Under pressure
      Journal of Commerce  -  231 words
    • 143 23 AFP [HONGKONG] A new group called on Hongkong's government yesterday to put a halt to land reclamation in the territory's famous but shrinking Victoria harbour. The Society for the Protection of the Harbour presented a petition with more than 140,000 signatures to
      AFP  -  143 words
    • 243 23 [ROTTERDAM] A Dutch company hopes to provide airbags for ships to keep them afloat in the event of accidents at sea. Licentie Marketing Nederland in Eindhoven hopes that its Air Platform System (APS) will keep a ship upright and prevent disasters like
      243 words
    • PORT Shots
      • 61 23 AFX-Asia [TAIPEI] Shipping industry representatives from Taiwan and China, authorised by their respective government authorities, are due to meet in Hongkong on Jan 22, the Economic Daily News cited informed sources as saying. The agenda will include a proposal to launch direct shipping links across
        AFX-Asia  -  61 words
      • 94 23 Reuter [WELLINGTON] Four people were killed and one was missing after a fishing boat and a container ship collided on Sunday night near the entrance to Wellington Harbour. The Maritime Safety Authority said it was opening an investigation into the collision, which occurred in
        Reuter  -  94 words
      • 83 23 AFX-Asia [KUWAIT CITY] Hyundai Corp has signed a US$l6O million (***** million) contract to build two petrol tankers for the Kuwait Oil Tanker Co, the official Kuwaiti news agency Kuna reported. Abdallah al-Rumi, president of the administrative council of the state-owned KOTC,
        AFX-Asia  -  83 words
    • 135 23 Bloomberg Business News [TAIPEI] Yang Ming Marine Transport Corp is in talks with the government to jointly lease five terminals in central Taiwan with Hongkong International Terminal Co (HIT). The two companies plan to spend about NT12.5 billion
      Bloomberg Business News  -  135 words
    • 821 24  -  CROSS-TAIWAN STRAIT SHIPPING: BID TO EASE BAN Taipei and Beijing have each announced their own rules on shipping links but both sides have yet to agree ©n direct shipping. However, China will have the upper hand once Hongkong returns to it next July George Hsu Reuter
      Reuter; FILE PHOTO  -  821 words
    • 290 24 PAGE tt Draft Car go 11 AO. It Eastmal 2 Aeiocean 13 6 •AMI 3 E£S 13 Able 13 h,0 ,,4r Accord 12 Eurolans 6 Ahrenkiel 4 Ewgreen 6 Appenship 4 famous Astro 3 Austral 11 [oo«gS«» 12 Avint 6 BSA T orW
      290 words
    • 15068 30 EXPORT IM ETA Vr».< VoyaQa Tata**na ETA ETA VromO Voy*. Ollfn Mimi Numbf Numb#f SIN Dtifn Nmw mShnT •wmf'''*' if mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm ...lujul.. i iiiiam mmmu \immmmmmm*. f 03AM RAM ACL TRAM FAST TFSI7S *9-2212*21 A U/* W/W COSCO KANGHE 00*,* *5-22*800 04/01 It/01 Avant S1NAR T06A 209 *9-*****99
      15,068 words
    • SHIPS IN PORT
      • 659 37 Vtssol Voy No Berth Arrival Departure »fKMkM *328 >mm J02 'Jongs'* «$2ff 9MM B« u 1202* J03 «'^S22, »»j 14/% J01 alongside 3012/1800 8t <uf Agung 22/% J01 alongside 3012/1500 t£t* 13*6 J01 atonQSKl* 31.12/0300 Bt i hi (1 M3% J01 alongside 3012/0600 StSin WM J01 alongside 3012/0700
        659 words
      • 1770 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Ptrkxl From To From taiiuro mi /oroo u Jomoo jo/mi 30/11oo a 30/1700 31/0*51 31/0100 n 30/1700 31/04 59 JVOWO I/O no 31/1151 3VM00 4 31/1200 3VM51 3VT700 AM Mum TjOt OVOWO W 30/1500
        1,770 words
      • 246 37 Deo 31 Argentina Market holiday. Bank balance day. Austria Market holiday. New Year's Eve. Azerbaijan Market holiday. Solidarity Day. Belgium Market holiday. New Year's Eve. Bulgaria Market holiday, New Year's Eve. Costa Rica Market holiday. New Year's Eve. Denmark Market holiday. New Year's Eve. Ecuador Market holiday. New
        246 words
      • 838 37 THIS report, compiled by Cockett Marin* Oil Ltd. shows price ranees In US dollars instead of single prices tor a more comprehensive description of the market. Prices shown are based on average-sued stem Market movement* are indicated The Cockett Bunker Price Index change and the individual
        838 words
      • 453 37 CwtM WO Max 990 6 U 17.0 0.12 64 0 .00 iw N OMMitv Water tesidM At* niiimln'iT Tiftiint He abow E25 0 2 2 2 0 52J1 300 Aw 9tt.t 0.4 13.5 0.07 32 0.A tS2 300 Max 996.3 U 17.9 0.12 64 0.M tori
        453 words
    • AIR & LAND TRANSPORT NEWS
      • 409 38 Increase continues recovery from airline recession in the early '90s: aviation body FT [LONDON] More than 1.3 billion people travelled on domestic and international scheduled flights this year, a 4 per cent increase on 1995, according to preliminary figures from the International
        FT  -  409 words
      • 291 38 First phase of privatisation likely to be ahead of schedule Reuter [Canberra] The Australian government said yesterday it was likely to conclude the first phase of its As2.o billion (552.2 billion) airport privatisation plan ahead of schedule. "The process is going well L ijnd
        Reuter  -  291 words
      • 229 38 AFP [KUALA LUMPUR] Malaysia's national car company Proton Bhd expects to manufacture 260,000 cars next year, chairman Yahaya Ahmad said yesterday. "For 1997 we are working very hard to expand capacity to bring production to 260,000 cars a year," Mr Yahaya said.
        AFP  -  229 words
      • 204 38 Bloomberg Business News [WASHINGTON] McDonnell Douglas Corp may have violated a US law prohibiting US defence contractors from paying other US corporations to buy foreign goods, Senator Russ Feingold. a Wisconsin Democrat, said in a letter to US Attorney General Janet
        Bloomberg Business News  -  204 words
      • 224 38 Reuter [STOCKHOLM] Swedish vehicle maker AB Volvo yesterday said talks with Mitsubishi Corp of Japan over cooperation on truck operations in Europe and Asia will continue in 1997. The two companies, which already produce cars at Dutch joint venture Ned Car, agreed last week to
        Reuter  -  224 words
      • 243 38 Reuter [TAIPEI] Taiwan's aeronautics authority said yesterday it has reached initial agreement with US firm Federal Express Corp, in which the latter has agreed to set up an express cargo transshipment centre in Taiwan. "We have reached agreement with FedEx in
        Reuter  -  243 words
      • 247 38 AFP [BANGKOK] Thailand's annual auto sales are forecast to exceed 800,000 vehicles by 2000, accounting for about 40 per cent of all South-east Asian sales, a newspaper reported here yesterday. Ninnart Chaitheerapinyo, president of the Thai Automotive Industry
        AFP  -  247 words
      • LOG Book
        • 82 38 AFP [MONTPELLIER, France] The mother of a French victim of TWA Flight 800 plans to mark New Year's Eve with a protest in front of the airline's Paris office, her son Oliver Michel said on Sunday. Odette Michel wants to denounce "the silence of
          AFP  -  82 words
        • 77 38 Reuter [LAKE TORRENS, Australia) An arrow scratched into the salt crust of Lake Torrens in South Australia on Sunday points the direction of pilot Thomas Tuchyna who walked 20km in intense heat into the Australian outback looking for rescue after his plane was bogged down in
          Reuter  -  77 words
        • 73 38 Bloomberg Business News [TAIPEI] China Airlines, Taiwan's largest airline, said November sales rose 9.9 per cent from a year earlier because it increased the number of flights and had more customers. Sales climbed to NT54.36 billion (Ss2lB million) from NT13.97 billion a year earlier,
          Bloomberg Business News  -  73 words
        • 54 38 AFP [MAJURO] Air Marshall Islands (AMI), the central Pacific's major regional carrier, believes it is stemming the tide of red ink which earlier this year saw the airline slash staff and cancel services. "We're certainly moving towards the break even point" AMI general manager
          AFP  -  54 words
      • 138 38 Reuter [SINGAPORE] Freight company DHL Worldwide Express said yesterday its Singapore operation recorded more than five million shipments for the first time in 1996, with electronics the main growth generator. DHL Singapore said in a statement its growth was driven by packages and
        Reuter  -  138 words
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  • Page 23 Advertisements
    • 13 23 Cross-Taiwan Strait shipping Bid to ease ban Deal still eludes arch-rivals Page 2
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    • 285 23 World air passenger traffic up 4% this year Recovery from recession continues. Back Page from Jan B KSir?* e HMmBHHHIHHHHHHfIHB jMPjj»v ,«JJJj|M Federal Express Corp (Niw) hay |f|iniimwi Brfe Steve B Cog as managing dit <i(ui, fjf, Jt'j' j£ and administration, Paiiflc ■reffijl J region. He is responsible Tor planning
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  • Page 24 Advertisements
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  • Page 33 Advertisements
    • 494 33 5 Waakly LCL A FCL if fODlflfll Sarvkas to Caribbean Es H MMMW Q A Control America SAVDoi 9702 004E Port Country 05/01 12/01 Belize Cily Belize 06/02 15/02 Bridgetown Borbodos 11/02 18/02 Cartagena Cotomixa 10/02 17/02 Cosines Si. lucta 10/02 17/02 Fort da Franca Martinique 11/02 18/02 i Fraaport
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  • Page 34 Advertisements
    • 1402 34 < [VESSEL VOY SIN JKT ~l fv [VESSEL VOY WW PEN ~|^B J EAGLE TIOE 180 Tua In Pt Sat 04/01 i QUWU BHUM 7701 Tu» [>n Pt Thu 02ArT fc! 2" QANTA BHUM 288 IZT B-MAS EMPAT 7901 gu_ 02/01 Sat 04/01 H R IbANI BHUM MX Tua In
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  • Page 35 Advertisements
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  • Page 36 Advertisements
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    • 196 36 lawiasw 8016 II irC Turnkey Fodory Automation System f Automated Storage and Retrieval System Automated Guided Vehicle System (AGV) j j1 1 fcniiiiin mft k -!9 r m v«gTr 0 V lyfiM J r 1 yA> o*j Multi-storey warehouse: Awenw 13 \l 10,000 square metres currently available (1,800 to 2,000
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  • Page 37 Miscellaneous
    • 138 37 JBBBBeM Wll i M. I'" —""i sa^ Regional Weather)/ IPS 100E LEGEND R Thunderstorm Temperature c X\ X Quui| Weather Wind direction with speed in knots V Qoudy Sky Wove h^t Surface winds ore indicated by arrows which fly with the wind One tu* circle represents calm or light ond
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