The Business Times, 10 July 1997
1997-07-10
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The Business Times
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Title Section13 1997-07-10 1 THE BUSINESS TIMES MITA (P) 023/12/96 85t SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, JULY 10,199713 words
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Article38 1997-07-10 1 g gmfwn Wednesday ChMfB rasKvmfr—umM—*u NIKKEI HJW.17—1*71 HANG SENG SKTIXDKX «7I JAKtfTACOMP —738.14 -169 MANILA COW' _JJW*—-1*4* TAIPEI WF! MiL« ♦W.41 SHOW, GWP 771* M* OSA CHINA B_U4&* AUST ALLOW) i_U*l LMpn HOT Chap DOW 3**M38 words
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Article49 1997-07-10 1 U8S SI «mi \.m t taw 1424 Djf MM Ml? Yfti IM MM 117* MS I.4M M74 HKS tm HIM BAHT MM MM H1I1AH IM_ Mil MM maim SINGAPORE* —.144 KUALA LUMPUR M* JAKARTA IM» jmnodok a* MANIA tU» HONGKONG 1W umm Smm BM ,7. (Source: NatWest Bank)49 words
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Article, Illustration697 1997-07-10 1 Al Labita, Larry Wee - Philippine stocks plunge 4%; peso weakens slightly against US dollar From. Al Labita, Larry Wee PHILIPPINE President Fidel Ramos flatly ruled out a peso devaluation yesterday and blamed "outsiders" and a "media disinformation campaign" for the continuing speculative attacks on the country'sSource: Dow Jones; Source: Bloomberg - 697 words
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Article307 1997-07-10 1 Ven Sreenivasan - By Ven Sreenivasan [SINGAPORE] Nervousness over regional currencies spilled over into Singapore equities yesterday, sending the benchmark Straits Times Industrials index to a low of 1,971.96 points before it steadied somewhat to close for a net loss of 24.26 points at 1,962.97. Reflecting the jitters307 words
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531 1997-07-10 1 Quak Hiang Whai - Merrill says it has settled with half of affected clients From Quak Hiang Whai in Hongkong FORMER Merrill Lynch banker Kevin Wallace has been released on police bail of HK$lOO,OOO (5518,540) in cash and a surety of HK$l million, Hongkong police said yesterday.531 words
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Article, Illustration70 1997-07-10 1 [SINGAPORE] A view of the causeway that links Tanjung Kupang in Johor, Malaysia, to TuaS in Singapore as seen from the top of the launching truss. The final slab of concrete completing the second link between the two countries was laid on the Malaysian side yesterday.SIEW YAW HOONG - 70 words
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Page 1 Advertisements
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Advertisement98 1997-07-10 1 p ■mi A home in the prestigious District 21 need not command prices of 91,000 pef and above, Pg4 Boki incentives are needed in the budget to boost competitiveness, writes Vlkram Khanna, Pg3 Sky-high COE prices are forcing parallel importers to look beyond Singapore for business, P* 2 Car shoppers98 words
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Advertisement80 1997-07-10 1 KL rates soar after Bank Negara warning, Pg 5 Ten oltwhe higher, Pg 8 The sensation of time 9 CONCORD. Watchmakers Since 1908 SWISS 5 CONCORD VENETO™ unmistakable i -ir $E 4t ft I Roy Eastern Watch The very special place to buy a watch LUCKY PLAZA #01-74 #01-86/88 30480 words
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SINGAPORE AT HOME & ABROAD
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448 1997-07-10 2 Christopher Tan - Wwyn expwrt org across Caaseway to ride on booai, avoid stagnating sales here By\ Christopher Tan STRATOSPHERIC COEs have forced parallel importers to go regional. At least three have started re-exporting cars to Malaysia. "I see no prospects for the448 words
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Article, Illustration309 1997-07-10 2 Abdul Hadhi - By Abdul Hadhi THE Urban Redevelopment Authority (URA) yesterday announced the fourth batch of residential sites in its 1997 land sale programme. The latest batch comprises tj six large land parcels in variI. parts of the island, with a >tal land area of about 1.02309 words
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Article, Illustration309 1997-07-10 2 Audrey Tan - EYE ON THE ECONOMY Currency By* Audrey Tan THE recent weakness of the Sing dollar relative to the greenback will help bolster Singapore's competitive position in the near term, says Fraser-AMMB Research. And with inflation at around 1.7 this year and not expected to crossSource: Bloomberg - 309 words
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Article282 1997-07-10 2 Abdul Hadhi - By< Abdul Hadhi THE annual record-breaking trend for property investment sales may end this year, judging by Jones Lang Wootton's (JLW) figures for the first half. JLW data shows investment sales slipping 31 per cent to $4.71 billion in the first half of 1997, from a282 words
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Page 2 Advertisements
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Advertisement368 1997-07-10 2 j > THE FIRST ONLY i v --4 Specially Over-Printed Very Low Mintage Singapore Ssloo 28-ln-1 Uncut Sheets H The year 1997 marks not only 100 years of currency board in Singapore, but impeccably overprinted with the centenary celebration logo and 30th also the 30th Anniversary of The Board of368 words
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FOCUS: '97 BUDGET
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Article1012 1997-07-10 3 Bill Lexmond, Chris Kinsella - A different approach to taxes could give sector a boost to meet regional competition By] Bill Lexmond, Chris Kinsella The writers are directors in the Financial Services Tax Group of Coopers Ly brand FINANCIAL institutions here enjoy a relatively advantageous position in relation to1,012 words
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686 1997-07-10 3 Bold and generous Incentives are needed, especially those aimed at the fatnre, writes Yikram Khaima THIS year's government budget arrives at a time when the economy is in the twilight zone between a mild downturn and a recovery. With the latest numbers showing686 words
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Page 3 Advertisements
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Advertisement237 1997-07-10 3 rn I ifl Ik InK* < Better design. BETTER LOCATION. BETTER ACT NOW. In business, one of the smartest moves you can make is to move your operations to Block B of Alexandra Technopark. Block B follows the resounding success of Block A, encompassing innovative hi-tech H\* facilities unmatched anywhere.237 words
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FOCUS: PROPERTY
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Article, Illustration705 1997-07-10 4 Jenny Lam - Some freehold units in District 21, along Upper Bt Timah Road, are going for less than $800 psf By Jenny Lam [SINGAPORE] INVESTORS keen on a freehold and brand new condominium in the prestigious Bukit Timah area have a good crop to pick from in Upper BukitSIEW YAW HOONG - 705 words
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Article, Illustration270 1997-07-10 4 Diana Oon - Three commercial projects, home win URA heritage awards By) Diana Oon [SINGAPORE] A private home and three commercial projects were yesterday named as winners of the Urban Redevelopment Authority's Architectural Heritage Awards this year. The most well-known of the four is probably Chijmes, a $100 million project which270 words
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Article209 1997-07-10 4 [SINGAPORE] The owner of Surrey Ville, an eight-unit apartment block in the Newton area, has decided to put the development up for en bloc sale. The four-storey building on Surrey Road sits on a 7,570 sq ft freehold site, and has been designated209 words
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224 1997-07-10 4 Eugene Low - By] Eugene Low [SINGAPORE] Singapore Land will launch its latest Tampines Finance Park commercial development this Tuesday. The project, eight-storey twin towers called Tampines Plaza I n, is at the junction of Tampines Central 1 and 6 in the financial park, which Sing Land is224 words
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Article505 1997-07-10 4 %lmd58 to 59) todgedbetwem Jun 8 *97 and Jul 5 97. mm Z Z (SOFT) <sm» 6$) .a Obblctll DweemLOdge Apt *****7 99 1098 730 665 D*eam Lodge Apt aw 99 968 S8 699 Durwern Lodge Apt 3W? 99 968 680 702 Dumam Lodge Apt 3/507 99 968505 words
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Page 4 Advertisements
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Advertisement311 1997-07-10 4 THE RIVERWALK OFFICE SPACE SALE LEASE Good Investment Opportunity CBD/ Financial District Vicinity River View Ample Parking Lots Expected TOP July 4 97 t Remaining Units Sale Approx. 1000/1300/2500 sq.ft. $1,200 PSF > Remaining Units Lease Approx. 2500/***** sq.ft. 555.80 PSF BP No 3-*****-1996-AAOOI SUNTEC TOWER ONE THE PENTHOUSE FOR311 words
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Advertisement81 1997-07-10 4 nafgWHCTHffiffil Enbloc Apartments/ Residential Site Off Newton Road *ZZZy Strategically located along Surrey Road, A C within an established residential area. S*® Area: 7,570.3 sq ft approx fl /l[ Freehold tenure; plot ratio of 2.8 J ijl Proximity to Orchard Road, good schools, g y vft amenities and Novena MRT81 words
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SOUTH-EAST ASIA
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Article, Illustration398 1997-07-10 5 Meera Tharmaratnam, Larry Wee - KUALA LUMPUR Central bank says it will con tinne defending ringgit against short-term speculators From Meera Tharmaratnam, Larry Wee INTEREST rates rose sharply yesterday, following Bank Negara'J warning that it was prepared to continue defendbig the ringgit against shortterm speculators. "Our financialSource: Dow Jones - 398 words
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Article, Illustration368 1997-07-10 5 CRISIS IM CAMBODIA A i Bfyaamar, Cambodia ami T|f|f nliaJnlA may also be affected Reuter, AFP. [JAKARTA] Indonesian Foreign Minister Ali Alatas said yesterday that Asean had not ruled out the possibility of postponing Cambodia's entry into the seven-member grouping. "If that is the desiredReuter,; AFP. - 368 words
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Article, Illustration250 1997-07-10 5 Airlift a response to requests from stranded S'poreans [SINGAPORE] The Singapore Armed Forces (SAF) airlifted about 450 Singaporeans from the Cambodian capital of Phnom Penh yesterday. A joint statement by the defence and foreign affairs ministries yesterday said the operation was in response to requestsAFP - 250 words
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337 1997-07-10 5 S N Vasuki - JAKARTA Bid to disrupt D 8 presidential polls: Indon minister By\ S N Vasuki A SENIOR Indonesian minister warned yesterday that "certain groups" wishing to overthrow the government would spark riots ahead of next year's presidential elections. Coordinating Minister for Political Affairs337 words
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302 1997-07-10 5 HANOI Reuter, AFP VIETNAM yesterday reported steps to bolster the economy, including easier credit, support for rice exporters and quicker licensing for investment projects. The reports appeared on the front page of the official Vietnam News, normally reserved for glowing reports about theReuter,; AFP - 302 words
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430 1997-07-10 5 BANGKOK PraMtmnl privileges for free trade me prejects, gems indnstry, mOiUUkns AFP, Reuter THAILAND'S Board of Investment (BOD announced yesterday measures to Improve the ailing economy's export competitiveness and human resources. Promotional 'privileges were approved at a meeting yesterday for free trade soqp projects, theAFP,; Reuter - 430 words
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Article111 1997-07-10 5 UJAKARTA AFP [JAKARTA] The Indonesian government announced the tender of 16 toll road projects worth nine trillion rupiah (555.4 billion), a report said yesterday. "Many overseas and local firms have expressed an interest in the projects and they now can obtain the bidding documents for theAFP - 111 words
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452 1997-07-10 5 Harish Mehta - Fwdfi investments won't ft*?, ke sajs, Him Sea t« brief diplomats today By Harish Mehta [BANGKOK] Foreign investment will not stop flowing into war-torn Cambodia as the coalition alliance will stay intact, a senior Cambodian official representing the coalition government said yesterday. De452 words
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164 1997-07-10 5 JAKARTA Reuters, Bloomberg INDONESIA'S central bank governor Sudradjad Djiwandono said yesterday a curb on property loans was needed because a policy of moral suasion had not been effective. The central bank announced on Monday that commercial banks were not allowed to allocate new loans toReuters,; Bloomberg - 164 words
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Page 5 Advertisements
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Advertisement435 1997-07-10 5 nifSin WiTt Notice lb advertfae oJI ton-free UWO-*****>3 I VVENTURE VENTURE LTD (Incorpomted in the Republic dif Singapore) TO LOAN STOCKHOLDERS PAYMENT OF INTEREST OH $27,200,0ft® fR 111 CI PAL AMOUNT 2 J PER CENT UNSECURED CONVEISriH§E£OAN STOCK DUE 19*9 ("LOAN STOCK Notice of Closure of Books Pursuant to the435 words
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Page 6 Advertisements
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Advertisement265 1997-07-10 6 '|J a^ H 4 > ~\&u>Xa: ~¥N> a|i^ a B E. ..._*%2j HJI L ,A H '"W 77ie Internet is an important growth area far banks and credit card companies. Trouble is, credit card customers aren't spending far fear their card numbers will be hijacked by hackers. That's why Citibank265 words
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CHINA-HONGKONG-TAIWAN
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Article, Illustration468 1997-07-10 7 Loh Hui Yin - •HONGKONG GHtiemyawvamaj contravene Basic Law, aid backdating taMylwfflaat frihplpuMtort M Loh Hui Yin fin provisional legislative council has passed a controversial bill which will deport tjVyi pfiiM immigrants who have the theoretical right of abode here. Hie Immigration (Amendment) No 5 BillAFP - 468 words
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272 1997-07-10 7 ffIHANGHAI Bloomberg, Reuter CHINA'S central bank will try to upgrade the accuracy of its economic forecasts to improve policy planning, a deputy governor said. The comments come amid oppcern that authorities' IMves to slow inflation and Curb stock speculation have Sghh tooBloomberg,; Reuter - 272 words
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366 1997-07-10 7 BEIJING 5,431 govt, party officials fraud involved in graft in first Smooths of year Reuter CHINA'S capital has ordered a three-year halt to construction of new office buildings by Beijing municipal and Communist Party organisations in a drive to stampReuter - 366 words
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262 1997-07-10 7 BEIJING AFP (BEIJING] China's economic tsar, Zhu Rongji, has ordered his local officials to stop cutting the official grain purchase price paid to fanners because of surplus supply, Xinhua reported yesterday. "Localities at all levels must publicise the factAFP - 262 words
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Page 7 Advertisements
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Advertisement144 1997-07-10 7 |ffi wry, aw* l Give your chauffeur to someone less fortunate. a.... iJ^*k The new 3.5-lftre BMW 735iAL and 4.4-litre BMW 740iAL are the features, the only way to experience the thrill epitome of road supremacy. Powered by BMW's new generation is to drive one yourself. Visit Performance HH of144 words
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REGION
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424 1997-07-10 8 Anthony Rowley - TOKYO Some economists expect growth in snrplns to moderate, citing stronger yen, slower demand in US By, Anthony Rowley THE yen strengthened anew yesterday, boosted by news that Japan's current account surplus soared by 155 per cent to 906.8 billion yen424 words
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Article253 1997-07-10 8 CANBERRA Xinhua Bernama THE Australian government's review of industry assistance is expected to recommend that Australia appoint a high-level investment ambassador with authority to offer foreign companies financial incentives to set up business in the country. The review will urge the federal government to adopt aXinhua; Bernama - 253 words
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228 1997-07-10 8 SEOUL Reuter CRIPPLED by shortages of energy and raw materials, North Korea's economy shrank for the seventh year in a row in 1996, South Korea's central bank said yesterday. Gross domestic product dropped by a real 3.7 per cent following a 4.6Reuter - 228 words
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Article, Illustration475 1997-07-10 8 WELLINGTON TreMnrer'scMnment that NZ$ could fall farther was like a red rag tea boll: dealers Bloomberg Reuter [WELLINGTON] Comments by Treasurer Winston Peters yesterday sparked a New Zealand dollar sell off. Dealers said the Kiwi was vulnerable to further selling if offshore players "misread"Bloomberg; Reuter; REUTER; Source: Bloomberg - 475 words
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Article, Illustration36 1997-07-10 8 [NEW DELHI] Rickshaws being towed along a tree-lined street on Tuesday in NewDethL The man-powered vehicles were taken into police custody because they were operating without a licence. AFPAFP - 36 words
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181 1997-07-10 8 TOKYO Reuter TOKYO prosecutors said yes--terday they had indicted former Nomura Securities president Hideo Sakamaki on charges of paying 320 million yen (Ss4 million) to sokaiya racketeer Ryuichi Koike. They said Nomura itself had also been indicted on charges of violating Japan's Securities andReuter - 181 words
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137 1997-07-10 8 SYDNEY AFP SUPPORTERS of right-wing MP Pauline Hanson blamed police yesterday after violence again marred the launch of her One Nation Party in Canberra. Two demonstrators were arrested amid scuffles outside the National Press Club on Tuesday night as more than 1,000 protestersAFP - 137 words
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Article, Illustration711 1997-07-10 8 Lu Ning - can* WITCH per Betting, a nutfor headache's In Helping farmers gat enough cash for their crepe By Lu Ning Beijing ts caught in a classic dilemma: another record 4 summer crop of grain, but one that could actually hurt u I rather711 words
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Page 8 Advertisements
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Advertisement147 1997-07-10 8 INTRODUCING' °un NEWEST "•".f N Grand Plaza Hotel is pleased to toast the opening of our newest, coolest sensation: Vino's Wine Coffee Bar. Savour the libations of our international wine list. selected from the Bordeaux region in France* to the Rhine Valley of Germany. Whether it's coffee or the relaxing147 words
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THE WORLD
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435 1997-07-10 9 WASHINGTON Sales also up 0.2% in May; but analysts see pick-up in consumer spending soon Bloomberg INVENTORIES of goods at the nation's wholesalers piled up at a subdued pace in May as businesses kept their supplies lean. Sales were sluggish. US wholesale inventoriesBloomberg - 435 words
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462 1997-07-10 9 WASHINGTON Taxes from vibrant economy expected to wipe oat deficit Reuter A VIBRANT US economy has created a tide of tax revenues that could wipe out the government's budget deficit as early as next year, some analysts say, though it mightReuter - 462 words
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253 1997-07-10 9 ZURICH AFP SWISS banks said on Tuesday they had discovered unclaimed assets worth a total of 17 million Swiss francs (5516.7 million), most of it belonging to Holocaust victims. The man in charge of tracking down the account-holders, Hanspeter Haeni, said 10 million francsAFP - 253 words
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347 1997-07-10 9 LONDON Reuter LAKSHMI Mittal, one of Britain's wealthiest businessmen who made a fortune out of turning around loss-making steel companies worldwide, is planning a US$2.B billion (Ss4 billion) stock market flotation. Sources close to the issue said yesterday that Indianborn Mr Mittal,Reuter - 347 words
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268 1997-07-10 9 m Moscow Decree comes amid signs that Russia's finances improving FT THE Kremlin on Tuesday set itself a gargantuan challenge when President Boris Yeltsin signed a decree promising to pay all outstanding wage arrears to the armed forces within two monthsFT - 268 words
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Article, Illustration401 1997-07-10 9 MADRID Reuter NATO leaders, wrapping up an historic two-day summit, yesterday hailed the alliance's eastward expansion as the dawning of a new era of European peace and security. Nato invited former Cold War foes Poland, Hungary and the Czech Republic to joinReuter; REUTER - 401 words
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373 1997-07-10 9 ABU DHABI Abu Dhabi Islamic Bank IPO heavily oversubscribed AFP UNITED Arab Emirates (UAE) investors are pumping billions of dollars to grab a share of what aims to be the biggest Islamic bank in the world, dealers said yesterday. The oneAFP - 373 words
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Page 9 Advertisements
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Advertisement92 1997-07-10 9 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 qualified92 words
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Advertisement168 1997-07-10 9 •4.256 MB 11 RAM MINOLTA for sharp6oo ""J"j H,^h 6 PP m dpi resolution ZgiM' I Extremely low running n cr> cost with toner purpose tray 3 years warranty PiIQTiHI Page Pro COMPIIIkM PTC LTD 100 l Jalan Bukit Merah *06-13/20 .gL Authorised Deeier Core« System Proton Wisma Computers Unsheng168 words
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EDITORIAL & OPINION
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Article, Illustration781 1997-07-10 10 Harish Mehta - THE BOTTOMLDTE OPINION By Harish Mehta The writer is BT's Bangkok correspond* CAMBODIA has tried its hand at all kinds of political systems Buddhist-socialist monarchy under Sihanouk, the right-wing military Lon Nol dictatorship, the Maoist government of Pol Pot and the communist government under781 words
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Article143 1997-07-10 10 'I am tired, exhausted and scared and I am having nightmares. They went to one of the rooms and knocked on the door and I ran out, quick, from the hotel.' ivho is hiding from the forces of Second Prime Minister Hun Sen. 4 I am beginning143 words
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Article623 1997-07-10 10 (EDITORIAL THE pieces are finally falling into place for electronic commerce in Singapore. Earlier this week, Prime Minister Goh Chok Tong unveiled major new initiatives to ensure secure transactions over the Internet Now it's up to business to complete the picture. Mr Goh announced on623 words
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Article, Illustration968 1997-07-10 10 Anthony Rowley - Banks' decision to pull ping on Tokai Kogyo shews finance sector's ability to cope with fkllont By. Anthony Rowley The writer is BTt Tokyo correspondent SOMETIMES what seems to be bad news is good news in disguise and last week's collapse of Japanese968 words
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Article844 1997-07-10 10 IN LIGHT OF the turn of events in Cambodia, one is almost tempted to believe that misfortune must be a part of that South-east Asian country's destiny. The centre of a great civilisation at a time when Europe was in the Dark Ages, the country later844 words
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Page 10 Miscellaneous
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Miscellaneous26 1997-07-10 10 DOOMESBURY By Garry Trudeau mmov.iKßcaeN Wtt| tT&~*\ m'SSZev °<**£o£f* I \si6NeP*\ SSfg? tHCHOBT \^SIAf&X AfCF go— POttT )CU FQHX)&*Ry \a*£N* I r- PONT KB-1 f I26 words
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Page 11 Advertisements
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Advertisement283 1997-07-10 11 Where to wine, dine and entertain... G 'lme y rL"tfr p efcr^u ays Http:// www.ana-kotels.com Not just seafood either. Visit our Kome page and you can order tonight's dinner from our cyber selection. Browse through the menu, leave us your order and it'll be ready to pick up before you283 words
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Advertisement234 1997-07-10 11 1 It's a Celebration! T Delight the kids with a treat jl this weekead. Mesmerise them with "Hocus Pocus" and spellbind them with a delectable array of •JP mouthwatering dishes. ■Bk <• NONYA BUFFET LUNCH At/f -Y 1 2NOON 2 JOPM A Adult SISOO Child $12 00 VQHfe y HIGH234 words
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Advertisement118 1997-07-10 11 Enjoy Western dishes and Asian Cafe Vienna 'i; v*Open /ram 6am to lam, its papular buffets far lunch, high tea and dinner art among the best™ ■ovai CROWNE PLAZA" IMUNM Ikjd HHy hm G—w Htm F*r rwfMM«. pit** cmU 751 7932 25 Sam M Simpf-r *****0 Tti (65)737 7966 foe118 words
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Advertisement165 1997-07-10 11 Home Decor For peoptewho love their homes *sf V Rang IVIaHal Luncl^Biiffet FEAST ON A WIDE SELECTION OF AUTHENTIC NORTH INDIAN CUISINE ACCOMPANIED BY LIVE ENTERTAINMENT! k Lunch Buffet from 12noon to 2.30pm) Adult S$ 25.00+++ "Child S$ 14.00+++ (below 10) For table reservations, isn& nsten, I please call 737165 words
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Advertisement117 1997-07-10 11 24-hour Coffee House Ist floor The Chicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: 737 4411 Bum You'll find your Lunch, High Tea and Dinner favourites at our temporary Coffee House, Basement, Hotel Phoenix, white we upgrada OaHdout Buffet Lunch, Buffet High Tea and Buffat Dinner117 words
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Page 11 Miscellaneous
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Miscellaneous767 1997-07-10 11 TV&RAXMO ton for the sake of his cam %M IndraiyaSingai (F). jii ii i paign, U9 Iniyavai Sila 100 PM TV Innovations. 12.45 AM The Outer Limits 830 Paramapadam 130 The Winners. Out Of Body (See Our TJI Enakkulae Naan. 3.00 Money, Money, Money. Choice). 7M Tamil Seithi News (T).767 words
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Miscellaneous159 1997-07-10 11 CRYPTIC CROSSWORD 4 Docked, runner 29 Sentimental film, insignifl *-—'—'—'—'—'—'—'—'—HL-J—I—I—I— cant and extremely patchy (5) 10 Act of partners to open cheap TECTQUATS SOLUTION DOWN eating place (9,4) IBy no fluke does one slow the |fljJoiu]«l6lHieiA|oMo|o|oisi boat down (3 6) 16 Hank showing geese m flight laMqM i ■XMslMigWgl 2159 words
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EXECUTIVE LIFESTYLE
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Article, Illustration857 1997-07-10 12 CHRISTOPHER TAN - Models from sporty Merc CLKs to sleek Jaguar XJs will keep shoppers busy, tan CHRISTOPHER TAN IT MAY not be the best timing given the recent car sales doldrums, but an avalanche of new models is going to hit here in the second half of857 words
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Article, Illustration673 1997-07-10 12 FILM Mwrt lEfinflfMn iff wui i i€u DeC&QSG 06 8 making a sci-fi movie i:ff„■■ wren ainereuce NYT (LOS ANGELES] Robert Zemeckis is scared. Not scared simply because his new film, Contact, is appearing in the most crowded summer season in movie history. He's especially scaredNYT; FILE PHOTO - 673 words
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BUMPER to BUMPER
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Article86 1997-07-10 12 THE Range Rover ranks high among the rich and famous, says a recent US magazine survey. The ninth Robbßtport, surveying readers with average net wrath of US$3.5 million (SIS million), found the British marque ranked "best of the best". It shares the pedestal with die86 words
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Article80 1997-07-10 12 CAR makers are working on advanced safety system* that are expected to go into production cars by the first decade of the new millennium. Nissan, for one, is looking at a system that alerts the driver to the presence of pedestrians at night Others include a80 words
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Article81 1997-07-10 12 BMW will bring high fashion to major Asian cities next month, within weeks of the autumn-winter haute couture season in Paris. Called "The BMW Haute Couture Fascination 1997*', it will will feature some of France's 18 houses of haute couture, expected to show current pieces that81 words
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Article, Illustration46 1997-07-10 12 IT LOOKS like something Bean-san drives. But theToppo Town Bee is actually as un-British as, uh, Hongkong. Ifs the latest Mitsubishi Cyck Carriage has brought in this year, following models such as the Lancer, Lanosr Evolution, Lancer Mivec, Galant, Sigma, and Pa)ero MinL46 words
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Article86 1997-07-10 12 Christopher Tan - Christopher Tan FOUR Beemers were offered as hole-in-one prises at &e Just-concluded Performance Motors Ultimate Challenga, but no one walked away with one. The Diviaion A winner was Ang Chin Du. a 12-handicapper who had a gross soon of 7S. Businessman Lim Chong. a lft-hanriicapper took the86 words
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Page 12 Advertisements
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Advertisement73 1997-07-10 12 SALUT RESTAURANT WINE BAR Border I cuisine I p renc f t Fusion TNC MOUtI tMCIAITV: Panfried Foie Home Decor For people who love i their homes ~f ——m v T-' 99eS^^S^EwT f-| I H LJ 1 TyfPH^Kjfl I 4..,. '«ME|9Ef£n i i BATH aJfcAMIATH TV/COFFEE LOUNGE H MASSAOC BOOMS73 words
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COMPANIES & MARKETS
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Article, Illustration503 1997-07-10 13 Ang Wan May - Hongkong's Dickson Concepts also courting ailing US retailer with USs24om bid By Ang Wan May [SINGAPORE] Retail and leisure mogul Ong Beng Seng is weighing a bid for Barney's Inc, the US luxury retailer now in financial distress. Other high profile retailers are alsoFILE PHOTO - 503 words
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482 1997-07-10 13 Analyst believes govt wants to make Sri Dhana deal a model AFP [BANGKOK] Thai authorities may bend the rules on new banking licences to help Singapore's DBS Bank bid for a majority stake in a troubled Thai finance firm, a local analyst saidAFP - 482 words
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741 1997-07-10 13 Andrew Marks - HOCK LOCK SIEW Andrew Marks WHEN Wall Street broke for the long Fourth of July weekend, the traditional pause between the first and second halves of the investing year, the market found itself in a rather strange situation: Wall Street's bears were741 words
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333 1997-07-10 13 Abdul Hadhi - Failed firm was joint venture with Japan's Funai Electric Co By< Abdul Hadhi [SINGAPORE! The inventory of wound-up television maker Funai Electric (Singapore) (FES) is to be auctioned off next week. FES, which went into receivership a few months back, was a joint-venture333 words
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286 1997-07-10 13 [SINGAPORE] The annual report award (ARA) competition was launched yesterday, with its organisers putting the focus on Sesdaq-listed companies this year. The competition, in its 24th year, aims to encourage higher standards of corporate disclosure and transparency of information among286 words
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COMPANIES
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209 1997-07-10 14 JSINGAPORE] Punters who phased QAF Ltd's share price BP in the past few days may be Rewarded with a positive announcement soon. > The food group yesterday said trading in its shares will ,be suspended today "pending an announcement to be made in due209 words
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Article, Illustration594 1997-07-10 14 Uncertainty over recovery from overseas expansion which causes first loss Bloomberg fTOKYO] Yaohan Japan Corp Shares fell to a record low on uncertainty about whether the Japanese operator of supermarkets and department $tores will recover from an overseas expansion that caused itBloomberg; FILE PHOTO - 594 words
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377 1997-07-10 14 M'si&'s exchange for high-tech, growth firms taking shape AFP, Reuter tKUALA LUMPUR] The Kuala Lumpur Stock Exchange said yesterday it would reduce the settlement period for transactions from seven days to five days from Aug 18. ThisAFP,; Reuter - 377 words
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401 1997-07-10 14 MEGA LOAM DEALS Bank accounts for 15% or USs67.sm of package offered by consortium [SINGAPORE] DBS Bank announced yesterday it is part of a winning consortium to finance a US$45O million (***** million) aircraft purchasing deal by China's largest airline, China401 words
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388 1997-07-10 14 Bloomberg, Reuter [KUALA LUMPUR] Petroliam Nasional Bhd, Malaysia's state oil company, said it may borrow US$l.5 billion (552.15 billion) next year, potentially swelling its US$7 billion outstanding debt by a fifth. Petronas needs the money to pay for a string of petrochemical plantsBloomberg,; Reuter - 388 words
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295 1997-07-10 14 Bloomberg [SUNNYVALE, California] Advanced Micro Devices Inc on Tuesday reported lower-than-expected second-quarter earnings due to pricing pressure from rival Intel Corp, slower sales of older products and manufacturing delays. The chipmaker's net income was U559.97 million (5514.3 million), or 7 US cents a share,Bloomberg - 295 words
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241 1997-07-10 14 Reuter [PURCHASE, New York] International Paper Co's move on Tuesday to slash its workforce, close struggling operations and sell off US$l billion (551.43 billion) in assets was hailed by Wall Street as long overdue. The world's largest paper company said it willReuter - 241 words
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COMPANY Briefs
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Article21 1997-07-10 14 [SINGAPORE] Causeway Investment has changed its name to Ace Dynamics Ltd with effect from June 30.21 words
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Article55 1997-07-10 14 [SINGAPORE] Pan United Corporation has bought another container vessel, the Nantai Princess, through its wholly-owned subsidiary, Casprica Pte Ltd. Built in 1965, the 16,000 deadweight ton (dwt) vessel was delivered this month. It is currently flying the Singapore flag. The group's fleet now has a55 words
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48 1997-07-10 14 [SINGAPORE] Pokka Corporation has ended its 1995 distribution agreement with Labatt Breweries International (Labatt), for the distribution of "Labatt Ice" and "Labatt Blue" beer in Singapore. The termination is not expected to affect Pokka's net assets and profits for the current financial year.48 words
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Article61 1997-07-10 14 [SINGAPORE] GPE Industries associate LTK Wiring Company (LTK) has a newly formed joint venture in Shanghai, China, to make and supply electronic wires and cables and related products to domestic and overseas markets. Shanghai LTK Electronic Cables Ltd has an initial registered capital of US$261 words
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367 1997-07-10 14 Plan for big investors to post reports on holding on the Net Bloomberg (WASHINGTON! The Securities and Exchange Commission proposed a technical rule change that will require Warren Buffett and other big investors to post quarterly reports of their stock holdings on theBloomberg - 367 words
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293 1997-07-10 14 Reuter [SCHAUMBURG, Illinois] Motorola on Tuesday said sales grew 10 per cent for the second quarter, but the technology giant's profits were hurt, as expected, by a US$l7O million (***** million) charge for phasing out its struggling memory chip business. The company alsoReuter - 293 words
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FINANCE & COMMODITIES
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242 1997-07-10 16 Bloomberg [NEW YORK] Non-invest-ment-grade bonds backed by commercial mortgages have outperformed all other US bond classes this year, and turned a bad situation into a good one for Nomura Securities International Inc. Investors are gobbling up low-rated commercial mort-gage-backed securities because they read theBloomberg - 242 words
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415 1997-07-10 16 B«t analysts say DBI McGraw Hill's risk review overstates for world economy Reuter [NEW YORK] China's troubled banking sector represents one of the most serious threats to global market stability, economic forecasting firm DRI McGraw Hill said on Tuesday. China's banking problemReuter - 415 words
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140 1997-07-10 16 Reuter [CHICAGO] First Chicago Corp, the eighth largest bank holding company in the US, said on Tuesday that it Joined forces with Hartford Financial Services Group Inc to provide personal auto and homeowners insurance coverage to retail banking and credit card customers. First ChicagoReuter - 140 words
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Article266 1997-07-10 16 SIMM Report Reuter [SINGAPORE] The yen's resilience and losses in Tokyo stocks boosted Slmex Euroyen and Japanese government bond (JGB) futures yesterday and dealers said that the market showed a firm bias amid signs of continued economic weakness. "Euroyen rose on some hedge buyingReuter - 266 words
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171 1997-07-10 16 Ric Trotta - MSCI TAIWAN FUTURES By Ric Trotta Ric Trotta, Floor Manager, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures contract ended stronger yesterday in tandem with the cash index. The cash index closed at 9,362.7, up 57.4 points. The July contract171 words
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206 1997-07-10 16 ENERGY REPORT Reuter [LONDON] Oil prices slipped yesterday as Baghdad took a step nearer resuming limited crude exports. Late on Tuesday, Iraq gave the United Nations a preliminary draft of its food procurement and distribution plan, essential for the resumption of crudeReuter - 206 words
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Article279 1997-07-10 16 Reuter TH?"uS dollar was steady against the yen, shrugging off a sharp rise in Japan's current account surplus which came in largely in line with analysts' expectations. Dollar/mark was firm though off an overnight fresh 41-month high above 1.76 marks, underpinned by sterling's strength against the mark andReuter - 279 words
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Article, Illustration99 1997-07-10 16 Jul 09 IHtoflBMMI IVHl 19 ft Vk IAT» Jul 09 gr .3 r Rates quoted by Exco AP Singapore *pm.Juio9 Source: OCBC RATB8 JiU 09 Rates quoted by Exco AP Singapore POUXOV OUIIIROT MOTB KATB8 Source: Republic National Bank of New York ASIA MOMHY MARDT DTDICBS Jul w If asssislsll99 words
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Article1346 1997-07-10 17 MOOMrOTPEBS Jul 09 ■an (Mmw Mh m M 130m} oo« Mm* Mgl Uw »tt (tlMIl) Irtwt tm117 ***** 092S 8125 <90 MS Sm 97 134.00 1745 Oct 97 MtOO M0.75 140.75 150 1600 Nov 97 143.00 (42.25 142.25 B0 *00 OK 97 M400 144.00 ***** 100 «50 m»1,346 words
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Article1942 1997-07-10 17 j—i mimmmmm M9 hw *f31 Group 502.400 AOO AB Ports 247.400 2.600 Abboy National 862.200 ****** ktMDonwcq 434 -5.400 Ajimc *1 -.400 Aid* Group 140 2.600 BATM 543 -6 BG PIC 225 -3.400 MCC >74 *1 BOC Group 1034.400 -15 MPotrotaum 781 -2 rr* 197 4 Bank1,942 words
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Article1567 1997-07-10 17 AFP Q Nikkei 22S -M7l SHARE prices feU on the Tokyo Stock Exchange yesterday on selling by foreign investors and insurers coupled with futures-led declines, brokers said. "Foreign investors maintained their sell positions, which started last week," a broker with Kokusai Securities said. The 225-issue Nikkei Stock Average droppedAFP - 1,567 words
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Article, Illustration1585 1997-07-10 18 Bloomberg Q—-88.44 STOCKS fell yesterday as stocks of China-backed companies posted their biggest declines in a month. China Resources and Cosco Pacific led a retreat in mainlandbacked firms or "red chips". Speculation that they won't be added to the Hang Seng Index and are being probed by mainland officialsBloomberg - 1,585 words
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Article, Illustration602 1997-07-10 18 Bloomberg SHENZHEN stocks closed lower yesterday as investors fretted that the government's effort to curb speculation and trading abuses will hurt prices. New rules may be published this week that will curtail institutional investment, traders said. "People don't want their money tied up in stocks," said a trader. "There'sBloomberg; Source: Credit Lyonnsis Securities(Asia) Ltd - 602 words
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Article333 1997-07-10 18 AFP QWPbfax *07.41 INVESTORS rushed to buy electrical issues yesterday, sending the key index up 0.6 per cent, brokers said. "Heartened by yesterday's big purchases of electricals by local fund managers, many participants joined in the fray," said a trader. As most investors focused on the electrical sector, theAFP - 333 words
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Article241 1997-07-10 18 Bloomberg PWeflmgtoa *I*o SHARE prices rose yesterday, after a strong growth by paper and forest stocks. The NZSE Top 40-share Index rose 14.96 points to close at 2,522.30. Trading was valued at NZ$72 million.—Bloomberg jrt m rmm ANZBaMUf* W.SO uncfi ***** Advantages HM* LOS -0.02 I7S00 Atr Htm ZaalandBloomberg - 241 words
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Article, Illustration805 1997-07-10 18 AFP HSETMa +2L58 SHARE prices jumped 3.5 per cent yesterday on reports that the central bank would allow selected banks and finance firms a longer period to comply with new bad debt provisioning rules. Foreign buyers returned to buy blue chips, as the extension of the period improved sentiment.AFP - 805 words
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Article389 1997-07-10 18 AFP PjC—wtohic +4JS SHARE prices inched up 0.6 per cent yesterday in thin trading on a technical rebound led by second liners after three days of falls. Last-minute foreign buying of some large-capitalisa-tion shares added to the upward momentum of the index, dealers said. The Composite Index rose 4.25AFP - 389 words
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Article537 1997-07-10 18 AFP *iu SHARE iH-ices gained 0.6 per cent yesterday thanks to a slight rebound in the gold sector and a strong performance on Wall Street The All Ordinaries Index gained 16.9 points to 2,696.1. Turnover was 411.8 million shares worth A 11.03 billion. Market leader BHP gained 10 centsAFP - 537 words
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Article, Illustration707 1997-07-10 18 AFP OHnposte Index jm STOCKS closed lower yesterday on late profit-taking led by cigarette stocks, with investors concerned over the volatility in regional currencies. "We are happy with this correction. This is something that we expected following recent strong rallies," a dealer said. "I attribute this correction to investorAFP - 707 words
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Article262 1997-07-10 18 AFP □iumu -MM< SHARE prices plunged 4.1 per cent yesterday amid concern over the Central Bank of the Philippines' ability to defend the peso from speculators. "People are worried the central bank may soon run out of ammunition to defend the peso," said an analyst. The PSE Composite IndexAFP - 262 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration274 1997-07-10 19 AFX-Asia DOonpoatehte -HJ3 SHARE prices closed sharply lower yesterday on program selling by foreign funds, extending losses on a number of domestic and regional concerns. Dealers said Bank Negara's continuous intervention in the forex market to defend the ringgit arising from regional developments andAFX-Asia - 274 words
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Article7580 1997-07-10 19 Cmmmmr pritirti 1997 teat Vet On net Cep ug cmn mi 'ooo w» u» ph 7M 950 AJkomota 940 unch 8 560 550 310 227.0 440 293 Anqkese 302 -4 33 310 302 *0 44X3 90S 410 ApekeFeodHIg 450 -B 34 660 650 240.0 42* B9 SrteveM-Z 302 3 *****7,580 words
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WARRANTS & OPTIONS
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Article212 1997-07-10 20 Ven Sreenivasan - WARRANT WATCH By Ven Sreenivasan THE latest figures from the US showing that global semiconductor sales had risen 1.6 per cent to US$ll.l billion (5515.8 billion) in May provides further evidence of a strengthening of the global electronics market. This is the first rise in212 words
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Article3179 1997-07-10 20 ~o T L«*t V94 0«Y L«l Ml* Lot Stno --|--]f Ml *or- rOOOl HM> L— 68 443m 3000 mAM08C53H*****6 4*. I J 67 415 3160 *Ae«r W*****1 US$ J S" 52 ?4 75 73 131 TO 3164 Acm* W*****4 T 39 7 74 74 75 12 S3 26 3161 AITadlWOMMOT3,179 words
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Article1602 1997-07-10 20 M7 LMt Vol D* U-»0««. ON Lw X— CT Ml rOOO> W0 tw> W" P* W 478 2M mi 5000 AiS8S0c 288 -9 "7 2S8 2«7 2* SO 5! *5 5?j 2J2 137 89 mt 9001 AM0890C 8SJ -15 489 88 85 85 86 43 53 13 2621,602 words
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STOCK EXCHANGE OF SINGAPORE
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Article1244 1997-07-10 21 TUtHOVC* COOO) VAimf80» iMfcI at T«H cn> tndustr* 76,408 21.441 »T>» T78.W8 BUM rkvmc* 8,280 3,143 11,4*3 77,573 5320 UJJJ SSSrttoi SOT. Jg *717 ***** 4.44. nwg 5?" Ts 3 J J| Total K>4(073 38,115 142.188 332.879 6l«» 3Hm sesoao w.w* MAIN CUI Wtt M» >» Iff MustrUt 35 1241,244 words
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Article4155 1997-07-10 21 Gr Or M «t l.,, V* Day Last Ouata 0* W» YM £j A», HI*. Law StNo Company Sale *h OOO) Mt» Law —yar »—> industrials 5146 ASE NT$10 200 US- III*"- 883 885 885 1275 ASF US1C100 u f®5? M 169 J OM 4.9 1.0 12.5 281.44,155 words
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Article1026 1997-07-10 21 Or Or mm IMT Last Vat Day Last Qmta Mr 01* VM Nat Cap Ml L— mm C—my tan rooot Lp» —yr «aMaf Cw Wl Plica ii in ir Iin—i hi ii i—~ft luff" MMIB— IntatfTr—" WTldWil r <"nil "tf'1 i' i tM 7* 2000 AM Htaas 9c 1041,026 words
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Article, Illustration73 1997-07-10 22 Ven Sreenivasan - if Ven Sreenivasan FLEXTECH, which has been surging on the back of a electronics stocks rally, rose 10 cents to ft. 70 yesterday. The recent run-up has pushed the stock deep into overbought territory on both the weekly and monthly RSIs. Although the current momentum could further boost73 words
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Article204 1997-07-10 22 Mtdm W— Tianjin Zhong 7,839,000 •Berjayalni 4.744,000 Popular 10c 4,567,000 Aztech 5c 4.309,000 •Muiptu R 3,686,000 IMC 3.543.000 Dataptfse 5c 3,212,000 Tyo Soon 10c 2.989,000 NatSteei 50c 2,818,000 H«lnW99 2.444.000 8>0d» t 0C8C Foreign 29,704,842 City Dov 50c 20,958,775 DBS Foreign 20,410.410 SIA Foreign 17.524.679 SPM Foreign 16,962.385 Spore Land204 words
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Article, Illustration600 1997-07-10 22 Ven Sreenivasan - STOCK MARKET COMMENTARY The local bourse is also weighed down by a wave of selling as many players decide to lock in profit after three straight days of gains By Ven Sreenivasan [SINGAPORE] The stock market here was hit by a case of600 words
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ON THE GRAPEVINE
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Article104 1997-07-10 22 LOOKS like risk managers are not the only ones who are sought after these days in the financial sector. Despite some troubled waters, it looks like full steam ahead for the good ship Merrill Lynch. They're still signing on new crew, and its research department has104 words
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Article74 1997-07-10 22 THIS is not a beginner's guide to word factorisation. But it seems that the research people at ING Barings are br-ing-ing in quite a few regional bigshots for a two-day Asian telecoms and media pow wow in early September at the Oriental HoteL We hear there'll be expert speakers74 words
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Article177 1997-07-10 22 YOU might have heard postmen boast about how they'll always get the mail delivered, come rain, hail, sleet or snow. A colleague learnt that this is no empty boast, after a partially burnt letter in a plastic bag arrived in his mailbox yesterday. That little piece of good177 words
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Article119 1997-07-10 22 AN ENGINEER may nota savvy manager make. For those who want to make the crossover, help is athand, on Oct 1 Hurt's when a seminar will address "Management Problems of the Technical Person in a Leadership Role". The event promises to teach you to "balance technical, administrative119 words
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Article80 1997-07-10 22 PREMIERE 12 seems hazy about the concept of what it means to be eliminated fros Wimbledon. In last week's dramatic promo for their live coverage of the men's singles finals, they tried to answer the question: "Who will be the next champion?". But a viewer pointad out that they80 words
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Page 13 Advertisements
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Advertisement216 1997-07-10 13 What better way to celebrate a great week than Sunday Brunch at TL~ Cafe-in-The-Part? Enjoy the finest hrunch and service at only $28* per adult (only $14* for the kids). Then toast your good fortune with Gold Sekt Ckampagne, each glass glittering with real flakes of 24 carat gold. Yet216 words
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Page 15 Advertisements
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Advertisement573 1997-07-10 15 /JJi Urban I (LDI Redevelopment I \l?l Authority I FOR RESIDENTIAL DEVELOPMENTS I Sembawang Grove How Sun R I I Land Panel A Land Parcel B I I .Slated for either a condominium or mixed landed housing development Slated for either a condominium or mixed landed housing development I I573 words
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Advertisement223 1997-07-10 16 r This announcement appears as a matter of record only Takefuji Corporation Tranche 1 US$ 197,000,000 JP¥ 16,450,000,000 Tranche 2 US$ 110,000,000 Transferable Loan Certificate Facility Arranger LONDON FORFAITING ASIA PACIFIC LTD. Co-Arrangers Tranche 1 ING Barings Lloyds Bank Pic, Tokyo Branch BW Bank Ireland pic Baden-Wiirttembergische Bank Group Royal223 words
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Page 18 Advertisements
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Advertisement66 1997-07-10 18 M if J I ll IHI ta tiL&M I faMti 'l| j! til Specialist Business Furniture, the fastest B I —Ml I "I ■feJi'Bß I I jv. gI y f\\\ J'; jL growing trading room furniture supplier. I i KBS m|^yL— jjgj Whatever your requirement we can help 1 AL66 words
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Page 19 Advertisements
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Advertisement6 1997-07-10 19 Singapore Businessgiving you the winning edge6 words
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Advertisement67 1997-07-10 20 Find Out How You Can Get A Credit Line Of Up To $300,000* fo^ aMo,, #n With Hong Leong Finance Singapore Finance's i iBHBB t I<^H5 Name: sfY Plus MH >.'.'.'(oi; i .1 nr»r riu a y/«r Return this coupon U): HONG LEONQ FINANCE SINGAPORE FINANCE IoM |MlM ,cm* I67 words
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Page 21 Advertisements
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Advertisement28 1997-07-10 21 For real-time stock information, Scall Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.28 words
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Advertisement12 1997-07-10 21 Our auto listings won't steer you wrong! deah on wheels. I 6***!12 words
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Page 22 Advertisements
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Advertisement1247 1997-07-10 22 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES BUSINESS Notices To advertise call toll-free 1800-741 1883 POKKAr) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of the Company will be held at 39 Quality Road, Singapore *****0 on 25th July 19971,247 words
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SHIPPING TIMES
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Article273 1997-07-10 23 Bridge News Reuter LOUIS DreyfUs was reported as fixing in tonnage on the key US Gulf to Japan grain run at US U5524.25 without combination porta for prompt shipment, up 75 cents on the last done. Physical market shows no respite, with unconfirmed rumors of U5524.25 without combinationBridge News; Reuter - 273 words
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Article67 1997-07-10 23 7'J. 111 w I I IStt**irzziti5| <3 MO a V r, .w. -*—sl SaB™® *2 J MMUNmmmIQJO 90 Sfer-5 a! 5 Igwwtuwwy -—ftg *«g» VtaMrtMtor ObM *02M W4M >f IW^ Ml M| W 4«J -O.t 40M BaSkl Ti w iwirtiiiiwr w Ji ST UMUM KMmi 229 -2 Ml67 words
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356 1997-07-10 23 Yong Mei Fong - Blah Bow Tan to introduce Bill in Parliament daring Budget session By' Yong Mei Fong [SINGAPORE] The Bill to dissolve the Port of Singapore Authority (PSA) as a statutory board, which will pave the way for its corporatisation, will be introduced in356 words
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341 1997-07-10 23 Alec Almazan - Aim is to stimulate trade in East Asean Growth Area From. Alec Almazan in Manila PHILIPPINE President Fidel Ramos has approved the lowering of port charges for vessels plying the East Asean Growth Area (Eaga) zone in a move to stimulate341 words
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Article121 1997-07-10 23 Xinhua [SHENZHEN] The Shenzhen Yantian Port Joint Stock Company yesterday issued 125 million A-shares on the Shenzhen Stock Exchange. The shares were priced at 5.31 yuan per unit. The 648 million yuan (*****.4 million) raised will be used to build a container transport centre, purchaseXinhua - 121 words
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Article, Illustration667 1997-07-10 23 Yong Mei Fong - SBVSUPE By' Yong Mei Fong MASAHARA IKUTA Is known in the Industry as one who Is not afraid to speak his mind. You can ask him anything, says one of his managers as he leads the way into the meeting roomCHRIS LOH - 667 words
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Article, Illustration86 1997-07-10 23 [ATLANTIC OCEAN OFF MARBLEHEAD, Massachusetts] The USS Constitution, nicknamed 'Old Ironsides', setting sail at sea for the first time in 116 years as it sails the Atlantic Ocean tethered to a trailing tugboat in sea trials off the coast of Marblehead, Massachusetts. The oldestREUTER - 86 words
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129 1997-07-10 23 American Shipper [ROTTERDAM] A specialist information bureau has been set up in the Netherlands to promote the use of short-sea shipping as a viable alternative to congested motor transport. The Dutch Ministry of Transport set up a bureau, Voorlichtingsbureau Shortsea Shipping, lastAmerican Shipper - 129 words
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327 1997-07-10 23 USs46m offer to conserve land near TSrrn Valdez oil spill Journal of Commerce [ANCHORAGE] A US$45 mil. lion (***** million) chunk of the Exxon Valdez oil spill settlement money will be used to buy *****.0 hanear Cordova from theJournal of Commerce - 327 words
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Article, Illustration989 1997-07-10 24 Bill Mongelluzzo - mTHHWATIOMftIr POSTS: PRODUCTIVITY COUNTS a! study on port throughput has found Asian ports use land, facilities and labour much more efficiently than US ports a/1 Bill Mongelluzzo Journal of Commerce COMPARING the productivity of Asian ports with that of US ports is no comparison at all.Journal of Commerce; FILE PHOTOS - 989 words
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261 1997-07-10 24 PAGE Eurohans 6 n E f 9 re n 6 .AMI 3 F#mous ft Accord 12 n."*** c FoonqSun 12 ST* < Austral n Avant 6 Gwshw S rukAiMk p.. H uKWflini I Gotten 12 "ZZ GoanGuan U b tang ms u tt261 words
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Article14712 1997-07-10 30 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA AdvwtMar Vo*a* TaMphona ETA ETA Adv«ti~ Vassal Voy*a SB4 PttTw Hot* Nut *g*g WW WW Clan S A NORDSUNO V.1702/MA V.I70SB 45-5*7*1* To BUENOS AIRES (BUE) 2060 lb ABU DHABI/ ST JOHNS (AUH) 2004 Argentina United Arab Emirates w w/#t cosco lucky river14,712 words
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SHIPS IN PORT
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Article651 1997-07-10 37 Vtssd Voy No Borth Airlvil Dtprturo Bt JM 2 0#797 N J01 akvqsid* 10.07/0700 ECKMImk UC42 J22 Hoop* Foi 28 *****7 JI3 jlonqs«J« #07/1800 iMdtrftory 9701 J02 01/97 J23 5flR£ RuttaWxmiiuj 13 JV4 alongside 12.07/2300 San iu, «/97 J03 alongside 10.07/0600 Snovbrd 9701 J0« atoned* 2„J£2X Tikxaji *001651 words
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Article1736 1997-07-10 37 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Booking/Bilanct Rstls SMp Yoy Mo Etb/Btr Ptriod Frew To From Abw4 TOM H/1230 09/H00 09/1459 09/1900 a WA700 n/0459 n/0900 i n/o7oo n/iw m/moo 4 tt/1200 n/M59 *0/1700 Acx 09u 12/1500 i 09«00 09/W9 "owhoo a 09/1700 10/0459 10/0*00 i1,736 words
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Article201 1997-07-10 37 Jul 14 France: National Day. United States: Independence Day. MIS Brunei: H.M. The Sultan's Birthday. Jolll Bahrain. Kuwait, Oman, United Arab Emirates: (tentative) Moslem Prophet's birthday (dependent on sighting of the moon). •I*ll7 Brunei: Maulud Rasul. Indonesia Birthday of Prophet Mohammed. Malaysia Brithday of Prophet Mohammed. Egypt, Lebanon,201 words
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Article902 1997-07-10 37 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehen sive description of the market. Prices shown are baaed on averagesized stem Market movements are indicat ed. The Cockett Bunker Price Index change and902 words
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Article374 1997-07-10 37 Carton MO Ma 992.9 0.5 at O.Ot 75 0.07 M) Dvnsrty Hater Ret «ue As* UmMm Sa«t—t Mo at>ow £25 3 0 0 0 0 0 300 Aw 907.2 02 12.5 0.06 <0 0.02 Lw 300 Mu 9»U 0.9 17 J 0.12 0.09 M/w» %*/v %llg374 words
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AIR & LAND TRANSPORT NEWS
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599 1997-07-10 38 Felix Chan - One in five of carrier's planes grounded; Heathrow hnb faces huge disruption By Felix Chan [SINGAPORE] The debilitating cabin crew strike which had left thousands of passengers stranded will not affect flights on the London-Singa-pore-Perth route, British Airways (BA) said. The airline said599 words
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352 1997-07-10 38 Yong Mei Fong - British carrier to continue to operate independently By' Yong Mei Fong [SINGAPORE] Dutch carrier KLM has launched a full acquisition of Air UK, the second largest airline in the United Kingdom. KLM, which already holds a 45 per cent stake in Air UK,352 words
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Article, Illustration182 1997-07-10 38 AFP [SEOUL] More than 10,000 workers at South Korea's Daewoo Motor Co downed tools yesterday over pay demands, and threatened to prolong the strike until management met their terms. A union official at the country's second largest car maker said workers, who haveAFP; REUTER - 182 words
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408 1997-07-10 38 Reuter [TOKYO] Japan's muchawaited discount airline says It hopes to create some competitive turbulence for the country's notoriously protected domestic airline industry. Skymark Airlines Co Ltd, set up by leading Japanese discount airline ticket seller HIS Co Ltd, will offer servicesReuter - 408 words
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122 1997-07-10 38 AFP [BEIJING] A major tunnel on the Sichuan-Tibet highway has collapsed, killing five construction workers with seven others unaccounted for, state radio said Tuesday. The Erlangshan tunnel, a state-level project designed to Improve road links between inland China and Tibet, collapsed in two places inAFP - 122 words
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Article, Illustration82 1997-07-10 38 [PHNOM PENH] Employees of Royal Air Cambodge, the national airline, walking among the rubble left by fighting and looting at Pochentong Airport, Cambodia's only international airport, during the previous days. The airport has been closed since Saturday afternoon due to the clashes between troops loyal to theAFP - 82 words
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412 1997-07-10 38 Marcus Hand - Northwest Air official warns of overcapacity as economic growth slows down From Marcus Hand in Minneapolis ASIAN airlines with their aggressive expansion plans should learn from the experience of American carriers who suffered badly in the late 80s and early 90s. Michael412 words
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157 1997-07-10 38 Bernama-Kyodo [PORTLAND] Japan and the US began informal high-level aviation talks yesterday, with the Japanese side set to table a new proposal in a bid to encourage the US to drop its demand for an open skies pact. On the first day ofBernama-Kyodo - 157 words
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Article1309 1997-07-10 38 CITY ntOHT ETA nJOHT_CTO rMM liti'f- 0f81 1930 Of82 2055 S09W 1705 SOWQ _0W5_ j $0229 2220 Owava $*7034 1730 j_ Amstartan U843 0455 KL838 2300 0mn«2Iim $0803 1905 $0804 1020 0L25 0655 0126 2355 C2353 2045 J_ S025 0655 S026 2355 HmI~ VN74I 1310 V*7401,309 words
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Page 23 Advertisements
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Advertisement18 1997-07-10 23 Intl ports: Asians are containers alwwil Asian ports use land, facilities and labour much more efficiently. Page a18 words
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Advertisement83 1997-07-10 23 BA strike will not affect London-STpore-Perth route One in Ave of carrier's planes grounded; Heathrow faces huge disruption. BaekFAg* Klang, Periang, Hong Kong pa l A First-Class licensed customs broker, we have altogether 60 opefational W| I offices In China to serve your requirements. We provide: ftflC V s* |i83 words
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Advertisement645 1997-07-10 24 jtMVAHXW ffWdECT^ VOT «|DW|MH IM COI SW NOtOKON S4WSM l*/0* 10/5 io/oT" ~13/0* 10/07 MSTIUmBI IK 17/* 10/ i* 30/0* 04/07 »/07 OCSAPIAOIAT OOWSIS 23/0* M/M I*/* 30/0* 17/17 BMMMBMT 1* 04/07 00/07 17/17 11/17 17/07 22/07 11)1—■■■■III MWSM 30/ M 83/17 02/07 *7/07 14/17 1* »/07 13/07 U/07 10/07645 words
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Advertisement653 1997-07-10 24 Unas services representee by Members of the Registry of Accredited Shipping Agents. S'por® National Shipping Asso Members of the Singapore Freight Forwarders' Association PioneerS^vice Seoul B EXPORT 3 x Japan -2 Hongkong -1 Monio -1 Koothiung, lUaiung (Accepting FCL to IKK/NAHA/SINDAI/CEBU/101 yam. VOf Wtt P— JKT |W \VNL HKO KAO653 words
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Page 25 Advertisements
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Advertisement1062 1997-07-10 25 PACIfK SOUTH WIST EXPRESS (DtRECT) ALSO ACdPTINC MAHAUS VIA LAX/HOU Ivcsa vor m I sun* lawnp uu dm mm o* urc m hou mam om 07/07 09/07 10/07 25/07 rt/v */v x/w 3i/»y si/ay x/QJ x/v oim m.mUKB 0151 14/07 14/07 17/07 01/01 OS/M M/M J7/jg_ JjlZ^LWIJ*AN 0171" 23/07 23/071,062 words
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Advertisement1586 1997-07-10 25 (g) HANJIN SHIPPING USA CANADA* |<— HAM/VOT MM "3T" HA S5 TM TOf (H DTT W M IW WH DOS WTC Otf TVI TTZ W TK 1R h.suralm/m ImT" 31/ M "oi/m~ ~m/m~ m/m ~ovm~~ m/m os/m m/m os/w m/m m/m m/m m/m m/m m/m "m/m IiMWWBWW I*/M_ tf/M_ M/M1,586 words
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Advertisement92 1997-07-10 25 ORIENT EXPRESS UNES (U.K.) LIMITED lIrI, (MANAGER FOR SHREYAS SHIPPING UMTIED) VESSEL VOY SWGAPOiE KXHAY VESSEL VOY tOMAY SW6APOK NORDKAP 413 12/07 21/07 NORDKAP 412 04/07 12/07 JUTHA PARKIHART 004 15/07 24/07 JUTHA PARtCHART 002 07/07 15/07 OQCL ADMIRAL 003 22/07 30/07 OOCL ADMIRAL 001 14/07 22/07 SINGAPORE OFFICE: MUMftAI92 words
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Page 26 Advertisements
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Advertisement1050 1997-07-10 26 <g= DSR-SENATOR mmm Round the World Container Services mMBWWWPPII—, I 1 WW Iww [hi 1 MIT Imo 1 WW" TWT Tuw I win I I (MM M I Off I I mm mm S3T vuwwwtos wato* am hm mm hm mm mm iwl CNOYMB VQLBA WW MJ7 tIJT «M MM1,050 words
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Advertisement739 1997-07-10 26 NORASIA I BCL VAL ALQ HOT. MX ANT ML UM I HI MM—r 172 ft-) 11X7 2M7 2i«7 2M7 Ml «M 7 Ml KM IW KM >I*7 I MOR DEL 1777-3 UM7 MM «*7 MM 12M UM MM UM I7M KM MM MSCSOPHK ***** \W I MM 17M MM MM739 words
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Advertisement486 1997-07-10 26 UNK I J mi SUMM MX] 1111*37 I] msa vor rm ru wssa vor no a sras mma stok in Mtaotr vm/w is/o; u/v mun is/w n/v jnmm vm/w n/w jraom yi*i/»7 n/v k/v MtOOtT VIM/17 14/17 27/17 tmaon V1«/»7 H/S7 B/V J7MMI viti/17 n/i7 ii/h jmm vin/w n/w Afttoarr486 words
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Advertisement1354 1997-07-10 27 IWSSEL VOY BW4 PQU PKO PCX BLW BA WK MAM QHEYAMAT WL-1248 20/07/97 27/07/97 22/07/97 07/08*7 °»/08/»7 MAN MCELAO PJL-1238 30/08/97 11/07/97 MAN QHEYAMAT PJL-1238 21/06/97 OI'OJ'JJ MAN YAMtN PJL-1226 10/08/97 20/08/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA KAZMHSAIT UZBEKISTAN. TURKMENISTAN.1,354 words
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Advertisement1595 1997-07-10 27 PLUCKY RIVER V. 8* ETA S$M 1/7 I RIRECT CALL TO I VICTORIA, BRAZIL J SINGAPORE'S GCKRAL AGWTS: 4 SHIMTON WAY TE: 216 1900 FAX: *****04 OUTWARD (l/L) 4205M2 JOHORE OFFKE; COSTAR SHIPPING PTE LTD 117-01 DK HOG SAUS/MGS 420sw 1/43 INWARD DIPT (O/O) 420S7SS COSTAR AGENCIES (M) SDN BHD1,595 words
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Page 28 Advertisements
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Advertisement1022 1997-07-10 28 ran sa su:&. rir f: s a fllsl E ROUND RW-427 1117 MM IIM MM 11M MM IMI I MOW MM7 MM Mg OM MM Vim TVV HM t. RENOWN RW-424 121*71 19M MM IIM IIM IMi MM I. BUfST RE-MI MM W IW Ml? MM MM Jj/f] ran no1,022 words
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Advertisement1013 1997-07-10 28 IMWIT IMPORT■ VBSa VOTMf SCf M It IN WHI IWT M VfSSH W« r g» J* MM MM MP I MCOUM 044MJM 111*7 70*7 70*7 21*7 22*7 73*7 71*7 74*7 J44MJIE 71*4 WW 01*7 M*7 UMOMMO 0444 030# 17/H7 77*7 27*7 30*7 70*7 3007 2W7 31*7 IMCOKHT 0441M51 04*7 14*71,013 words
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Advertisement412 1997-07-10 28 NANTAI LINE FULLY CONTAM RISED SQtVKE TO MAURITIUS SOUTH AFRICA rasa vot |si pui out err mymiWKBS oiss Q7/» ?i/»7 k/v mmiQUffll WIS 13/07 77/07 30/07 mrcurmg pits v/u wm ivm WTOIWWS Bis 07/ M 14/0S H/M 11M IPfti Pits lfc/M 25/01 »/M 02/W mmrwcßS oits a/M 07/w n/W NMmyOU»412 words
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Advertisement697 1997-07-10 29 BSA x Mft MYANMA \BBBk FIVE STAR UNE r (Myaamor National 1!m) Loading for Yaogoa (Rangoon) yissa VOT SM P«6 PEN POU PAGAN J44W SU» PHMON 141W MPT NAUVSIA AOOTS: ROUS HAD SMPPM6 AGENCIES Ok TH M-03-2417M0 HL TB D 243-*****01 Pflfc m 02-04-*****02 POO: TH 02-07-*****21/4 BANK LINE (A697 words
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Advertisement1144 1997-07-10 29 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 Ihtotmm mm tvw wh nw nm I w/* wti HTDUU M*W N/07 M/M 07/ M 09/ M M/M M/M W* HT (ORUROOORE M7W 27/07 13/ M 14/* H/M I*/* 17/ M I*/* htrmuT wtw mm m/m nm n/rn is/m m/m1,144 words
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Advertisement547 1997-07-10 29 FAMOUS CONTAINER LINES JjW mm 80 ROBINSON ROAD, #22-02 SINGAPORE *****6 y HOT LINE: *****33 (30 UNES) FAMOUS LOGISTIC (M) SDN. BHD. (M. M. siimfj NO. 30 LORONG CEMPENING ***** PORT KLANG, SELANGOR DARUL EHSAN MALAYSIA TEL: 603-*****33 (20 LINES) FAX: 603-*****33 (05 UNES) COMPREHENSIVE SAILINGS TO AND FROM PORT547 words
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Page 31 Advertisements
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Advertisement37 1997-07-10 31 I To retrieve more schedules, just follow these simple steps... document 740-6000 ill be your Step key in the four number co< e fax number To NEW YORK (NYC) 2275 United Stotos for calls within Singapore Sfe37 words
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Page 33 Advertisements
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Advertisement427 1997-07-10 33 LCL FCL m PnljlCal S«rvkM to Coribbaon I A f» m r ,l A ar l rn SHIPPING Wtnfrai AmtrKa APICHMA APISMGAPOtt 019E 015E Port Country 09/07 16/07 Ma C*y wiH 12/08 19/08 Bndgeto«n Borfeodoi 15/06 22/08 Cartagena Colombia 14/08 21/08 Cosines St. Lucia 14/08 21/08 Fort de France Martinique427 words
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Advertisement1061 1997-07-10 33 ADVANCE CONTAINER LINES (PTE) LTD A I I 140 CocN Strsst, #12-00, PIL ButlcHng. Singapore *****0 XA I. I TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CP NO. **********0E iAMOKOK JIKAIfI (8 lilikKi* M PAT. 3 MMp MIMT. 2 SUtefl lo LCM) (4 S«ille(*/Woek) w vtssa Ivor |J i1,061 words
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Advertisement753 1997-07-10 33 I^F—VOY I aw I JB> WD I LEU I HAM RTK THP ANR yicpcopair" ifriw war __2J/?I 255® 2555 952! 07/05 omi ooam__ wiicnf imu L2IW 3T07 30*07 01 A* 10*08 11/08 13AM 14/08 ISAM w' c D'AOUAWUS U2IW 27/07 POT OXOB 17/08 16AM 3008 21/08 22)08 mtntTiiSi A2IW CVOB753 words
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Page 34 Advertisements
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Advertisement950 1997-07-10 34 vessel voy sin bkk vessel vov sin pkl u^ ILJX r~r I ,um BUMQA SEROJA 7151 Thu In Pt Fri 11/06 XFrWABHUM aMW JARU BHUM 7363 Fri 11/07 Sun IVO7 ANAN BHUM 74N St 12/07 BMASENAM W B=s BANTABHUM 3S3N Sun 13/07 Wad 18/07 1 1 1 1 ▼ANTRA BHUM"950 words
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Advertisement615 1997-07-10 34 PUL INTERNATIONAL LINE PUL INTERNATIONAL »M> fail* II rfii *»y» rT? V-'-ri""T w T*- L if IjniiJhli JMMttWIII 4SI6S/W« YN[ vOY I SMI JQ Isw timmm, ar m S \m\ mm\ iuaa m»i| «m I j«/;y bon I u/«71 m ri/o/ i twiaf*>tP ius i 15/071 n» i HW i615 words
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Advertisement686 1997-07-10 34 A ACCORD A SHIPPING PTE LTD TIL: *****54 (40 UOM) FAX: *****46 KMTKUm <931*71*1 Jf OMCCT ACCISS TIL: *****57 (iXPOET SOOKMO) MSRGUMM6 (t/)SSI IV7 225M17 (KXPOET DOC), *****64 (IMPOET) PSUN6 U***** UtUMTTP://WWWJkCCO«D.COM.SO JUMffM I (11)9*9779 POtT m SIN POtT m SIM FORT m SIM POtT ilk SIM (FAR EAST) (INDIA)686 words
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Page 35 Advertisements
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Advertisement531 1997-07-10 35 SINO EXPRESS SHIPPING 11 COLLYER QUAY #0«-01 THE ARCADE fBINOTRANSI J 8 (*****7). TEL: *****00 FAX: *****08 Ul\UT* TLX; R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) YKSa VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI 6000 WELL 9718 11/07 16/07 20/07 NORPSUND 9702 18/07 24/07 28/07 NEW HAIHUNG I 9706 25/07 30/07531 words
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Advertisement504 1997-07-10 35 WNII-MIW MUMntin MAMLA:<K2)3I3NSI X PENANO: PH) ****** BANOIMICW 33MW7 81MABAVA: (31) 291 MO IX HCG TO HONGKONG IX PKG TO PUSAN IIX PKG TO SYDNEY MV *CY PROGRESS* V 727N MV "KMTC PUSAN" V.709N MV "LIBRA AWT" V.231 ETA PKG 13-7-97 ETA PKG 15-7-97 ETA PKG 13-7-97 BKG CALL* HiWW/504 words
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Page 36 Advertisements
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Advertisement657 1997-07-10 36 Shipping Times -BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. Call 740-6000 Press T'& key in Document Code Key in your fax657 words
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Page 37 Miscellaneous
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Miscellaneous152 1997-07-10 37 J V M I V > 1 4 U y v I j"f 17 L fV2 f y aM. _T_T_T—X—T——k— m m < LEGEND R Thunderstorm Temperature 9 q X\ A Shower Weather _X Wind direction with speed m knots •e Ron < Cloudy Sky Wov h 9 ht Surfoce152 words
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