The Business Times, 15 July 1997

Total Pages: 44
1 44 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023/12/96 £5e vv SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, JULY 15,1997
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  • 504 1  -  NEWS rocus Investor sentiment has soured for region as a whole, reports Larry Wee Larry Wee [SINGAPORE] South-east Asian currencies had a rough day yesterday, with the rupiah, ringgit, peso and baht all hitting their lowest points this year against the US dollar. "The
    AFP  -  504 words
  • 26 1 SsnS^.97) PI WtWßk U«u? (-9.67) H MjUnBTMOOIk V' i KLBKGBXP "jluLiL-tU MUCH njxn—*mn i HAMO8CTO tiJTUf—.♦Ittte MKACACMP—nUfZL-tit M4MLA0MP —X71#.7I taipei wn_—umm—m* SHNJIjOMP 714.41 -1«
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  • 32 1 IBS f LH8 MJ4 GM MM Mil TO* IN M81 1*7» MS.- MM Utl ma —iat—«■"« RAMT_ MB M« HJPURIM M41 MM FiarctiTW >■ SOMAWW 144 Mt iwip <tlTl^al|ft (Source: NatWest Bank)
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  • 234 1  -  By. R Sivanithy [SINGAPORE] There was little change in the situation faced by regional stock markets yesterday, with investors here shrugging off Friday's budget and sending the market to a new 30-month low. Trading in Singapore was quiet, with investors worried that the
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  • 383 1  -  Mitsubishi, Mazda and Honda chalk up growth Byi Christopher Tan [SINGAPORE] Only four out of 24 brands managed to chalk up growth in the competitive car market in the first six months of this year. Mitsubishi, BMW, Mazda and Honda bucked the trend which
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  • 453 1  -  Chairman Dhanahalan says Idea worth pursuiag By I Conrad Raj [SINGAPORE] Singapore Airlines will look into making its shares more affordable by splitting them into smaller units of less than $l par value. Responding to suggestions that greater liquidity could
    453 words
  • Page 1 Advertisements
    • 145 1 XMSKDB hto 3-1/2 jwrbw Growth of bank toons la Singapore fell for the third straight month to 12.6% in May, the lowest rise in twcvand-a-half years, Pf 2 m, IK W Hm budget incentive for the fond management industry will attract only the big boys and it may not be
      145 words
    • 34 1 Ba«k Nngere. may be testing wider M$ band, Pg 5 Peso deals fall, Pg 5 r m "W H E RME S I'<> I 1 I' n Jf 1 11 11 j,|! i «M >
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  • SINGAPORE AT HOME & ABROAD
    • 518 2  -  100 octane petrol likely to be priced at same level as 98 octane grade Bu: Ronnie Lim SEVERAL oil companies here plan to launch a super premium 100 octane petrol in a bid to capture the hearts of car-pam-Sring Singapore motorists, lis in turn
      518 words
    • 189 2  -  (tot wants to eacMrage saving for letin—rtilirai By\ Chuang Peck Ming SELF-EMPLOYED Singaporeans will continue to enjoy tax exemption for voluntary contributions to the Central Provident Fund, the Inland Revei nue Authority of Singapore clarified yesterday. It was not clear if self-em-ployed Singaporeans were affected
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    • 230 2 THE first Asian trade fair for vehicle manufacturing and service that is affiliated to Automechanika FrankfUrt, an in-dustry-leading exhibition which started 25 years ago in Germany, will be held in Singapore next year. The fair, Automechanika Asia, will be held on April 27-29
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    • 282 2  -  By Felix Chan THE move to extntf the Industrial Building Allowanod (IBA) to logistic* cdtopanie* in this year's btfdgst would not have much impact on the bottomline of such companies in the long-term as it is not an ongoing incentive, analysts said yesterday. "Companies
      FILE PHOTO  -  282 words
    • 387 2  -  EYE ON THE ECONOMY Financial sector Byi Clarissa Tan BANK loans growth fell for the third straight month to 12.6 per cent in May, the lowest rise in two-and-a-half years. The weaker growth due to the economic slowdown as well as the continued
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    • 548 2  -  BUDGET'S? By\ Siow Li Sen, Quak Hiang Whai THE budget incentive for the fund management industry will attract only the big boys and it may not be enough to challenge Hongkong's dominance in this region, said fund managers here. "It's aimed at
      548 words
    • 493 2  -  But industry does not see immediate risk of new listings By Ven Sreenivasan THE budget incentives to boost the listing of foreign stocks will bolster merchant banks' efforts to attract regional companies but will not lead to a rush of new
      493 words
  • Page 2 Advertisements
    • 229 2 HNMMKUMTED Qncarporatad <n the > Republic of Singapore) ANNOUNCEMENT riwlun ffhuahnlrtinm Pursuant to Article 23(4) of the Articles of Association of Company, it is hereby announced that from dadarations received by the Company from shareholders and from information supplied by the Central Depository (Pte) United, 532% of the Company's issued
      229 words
    • 91 2 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
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    • 153 2 Editorial: *n>e budget and beyond, Pg 13 I f IJ E ir.ng mmu. 3 C 3 —CilMI Uaafl E 1 /z hour Colour Print 3 E3 1 hour E6 Sldo ProciM 3 fcH Canon Man* Colour Laaar Copy/OHP E9 R LC7P—pnrt Instants g H Lamination 3 FH Available at ""j
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  • Page 3 Advertisements
    • 301 3 ii iHIIII* Centennial T O W I R v ffl I' i 'Persistence of Electrical Nymphs in Space' by lames Kotenquist at South Lobby of Centennial Twm i H PHWHi^g^^wJ^llMH^Wß^Bi f i!■ f Ik m 5 g* ''^iiJL^Bn "v'^SßhS w/ -M)®"" r. tj: "I r fv j INSPIRES MAN'S ACHIEVEMENT
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  • FOCUS: PROPERTY
    • 708 4  -  TDPmOPBMT oouumr DBS will have to sort ont the Raffles Holdings name before listing By Lee Han Shih DONT expect a piece of Raffles Holdings (1995) just yet. Unless DBS Land can sort out a problem relating to the Raffles name, it may not be able
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    • 499 4  -  10-nnit Clayton Lodge and 16-nnit Jewel of Balmoral sold to two HE buy era By Diana Oon [SINGAPORE] The popularity of en bloc sales in the Balmoral area is not confined to redevelopment properties, if purchases of new projects there by Hongkong buyers
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  • Page 4 Advertisements
    • 335 4 3 •--:> I I ifc. i Land area: 53,000 ft 2 Cross floor area: 73,000 ft 2 I Prominent frontage along Eunos Link. I Modern functional building design. I Storage capacity of over 200 Cars. I Tender Closing Date: 31 July 1997jThursday)^^^ For viewing arrangements, details investment report, please contact:
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    • 202 4 Enbloc Apartments/ Residential Site Off Newton Road Strategically located along Surrey Road, within an established residential area. Site Area: 7,570.3 sq ft approx Freehold tenure; plot ratio of 2.8 Proximity to Orchard Road, good schools, amenities and Novena MRT Station. Closing date of tender 12 Aug 97 (Tue) at 3
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    • 130 4 For Lease by Tender 32-rm Hostel/ Serviced Apartment At River Valley Road Suitable as hostel/ boarding house/ serviced apartment/ expat staff accommodation Total Floor Area: 14,638 sq ft 376 sq ft per room with attached bathroom Recreational facilities Tender dosing: 30 July 1997 3pm HBHKTfF Within Bukit Merah KKf Vicinity
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  • TURMOIL IN CURRENCY MARKETS
    • 435 5  -  KUALA LUMPUR Ringgit allewedte feHLB% tower than customary level before defence pot up By: Meera Tharmaratnam IN A surprise move, Bank Negara yesterday allowed the ringgit to fall 1.8 per cent lower than its customary support level before intervening. The move,
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    • 356 5  -  JAKARTA By\ S N Vasuki THE Indonesian rupiah tumbled but subsequently recovered in nervous trading yesterday in the wake of recent devaluations of the Thai and PMMn>ine currencies. Economists said that although the rupiah was not Under speculative attack, sentiment had turned bearish due to
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    • 348 5  -  SINGAPORE By i Catherine Ong SINGAPORE and its currency will thrive amidst the present currency turmoil in Asia, predicts London-based Independent Strategy. In its latest commentary, titled Asia unpegged., the firm recommends clients to buy the Singapore dollar and Singapore bank shares
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    • 665 5  -  MANILA By, Al Labita TRANSACTION volumes slumped when trading in the Philippine peso resumed yesterday after Friday's de facto devaluation which had triggered an automatic suspension. The decline in volumes was due to confusion over what trading system was actually in
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  • Page 5 Advertisements

  • SOUTH-EAST ASIA
    • 570 6 BANGKOK Company to seek new bank licence; minister dismisses talk of failure of five small banks AFP A leading Thai finance firm said yesterday it would enter purchase and assumption agreements with six of the troubled financial sector's ailing firms
      AFP  -  570 words
    • 416 6 KAMPUNGTHOM, Cambodia He accuses Asean of interference and says he may withdraw application to join CAMBODIA'S Second Prime Minister Hun Sen yesterday demanded the arrest and extradition of his rival co-pre-mier as he accused his Southeast Asian neighbours of interfering in his country's
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    • 329 6 BEIJING AFP VIETNAMESE Communist Party Secretary General Do Muoi arrived yesterday for a four-day official visit aimed at boosting bilateral ties. The visit has taken on added significance with the current crisis in Cambodia, which is likely to figure in Mr
      AFP  -  329 words
    • NOTE Book
      • 44 6 Bernama [KUALA LUMPUR] The Multimedia Development Corporation (MDC) sees profits totalling Ms 4 million (552.3 million) this year and MIII 3 million in five years for 15 of the 19 companies that have acquired the Multimedia Super Corridor (MSC) status. Bernama
        Bernama  -  44 words
      • 64 6 AFP [JAKARTA] A Jakarta court yesterday rejected a suit filed by environmental watchdog, Walhi, against President Suharto over money given to a private pulp company from the state reforestation fund. The judge said the presidential decree, which ordered that the money be given to PT Kiani
        AFP  -  64 words
      • 53 6 AFP [BANGKOK] Thai police yesterday said they wanted to question missing executives of the seaside hotel where at least 90 people died in a Killer inferno. Insurance firms will shell out up to US$l7 million (5524.5 million) in insurance payouts to owners of the
        AFP  -  53 words
  • Page 6 Advertisements


  • Page 8 Advertisements
    • 116 8 r V I i f I I I s fc—▼ s hotel has changed business in Vietnam. In fact the hotel has j J ma de Smoothly run with Singaporean management A 1 i Alj A ,',|jl w you with impeccable service warmest hospitality. So Aivr*ri\>ir i now you can
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  • CHINA-HONGKONG-TAIWAN
    • 354 9 BEIJING Beport suggests special fteos on developing city's tertiary sector AFP A*-TOP Chinese economic think-tank published proposal yesterday outlining a new it)fe for the southern special &mic zone (SEZ) of Shen 1 now that neighbouring kong has returned to rule. The country's
      AFP  -  354 words
    • 280 9 BEIJING llm will influence resumption of regular talk*, he lays AFP A "tDP Chinese negotiator on Sgbikan has called for political Wjbi between Beijing and TaiHns soon as possible, the off&W China Daily reported Marday. fTvut the talks could only iaaceed
      AFP  -  280 words
    • 220 9 BEIJING AFP THE slowdown in savings in China this year is worrying bankers who must now improve their liability management, a financial analyst here said on Sunday. The slowdown is the result of cash flowing into the booming securities market after the two interest
      AFP  -  220 words
    • 416 9 TAIPEI Tiipeiceimtiiigea approval despite likely protest from China Reuter TAIWAN said yesterday it would ask the United States to grant its president a transit visa and counted on approval from Washington despite an expected protest from arch rival China. Foreign ministry spokesman
      Reuter  -  416 words
    • 179 9 M TAIPEI AFP THE Taiwanese government yesterday adopted tougher rules for businesses wanting to invest in rival China, according to a report yesterday. Under the new rules effective from today, Taiwan nationals are prohibited from making investments in the infrastructure sectors that would otherwise
      AFP  -  179 words
  • Page 9 Advertisements
    • 47 9 m <* j iliP*' Theres ONLY ONE c A., Dami/ IM BANK N Singapore u§ "'V-f i i iSjjffi :> That s the/veU'rn\l I■//< >/( <• M/ r V >/*/>( '/'<//<' ('</W//'i 7's (///</ /iiinki s. DBS BANK N n i,, s V A 1,. I;, N.pjihM.' •ii w.. s
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  • ASIA
    • 433 10  -  TOKYO U)P official suggests Nikkei average likely to rise above 21,000 by summer's end By Anthony Rowley TOKYO stock prices rose sharply yesterday after a senior official of Prime Minister Ryutaro Hashimoto's ruling Liberal Democratic Party joined what appears to be
      Source: Bloomberg  -  433 words
    • 289 10 BOMBAY Bombay's Sensitive Index town 22% as four ministers quit Bloomberg INDIA'S benchmark index fell as much as 2.3 per cent after the Dravida Munnetra Kazagham Party withdrew from the 16-party United Front coalition government led by Prime Minister IK GujraL DMK, which
      Bloomberg  -  289 words
    • 239 10 SYDNEY Bloomberg THE Austratyan dollar fell amid continuing expectations the Reserve Bank will cut its key benchmark interest rate '*> v 'i. S "You'd be pretty stupid to "say there's not going to be a rate cut 5SS5nrrSSi "a oontinuatkm of
      Bloomberg  -  239 words
    • 219 10 SINGAPORE ASIA, ted by China and Singapore, was the main beneficiary of the global growth in foreign investment in 1996, according to a just-completed Unctad study. Foreign direct investment in developing countries jumped from US$97 billion (Ssl36 billion) in 1995 to US$l29
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  • Page 10 Advertisements
    • 287 10 Bg THE UNIVERSITY OF HULL England 1927 "Oven 200 SSOt, IfCDt. (£Ma o* tit frupummel" Mbab 21st Intake •28 July '97 Only Places Left! B FIRST to offer TQM and a Systems Approach to Creative Problem Solving FIRST to offer Entrepreneurship and Project Management as core modules Completion in 21
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  • THE WORLD
    • 387 11 LONDON SFO director all for hitting offenders where it hurts most in their pockets Reuter FRAUDS against investors are spreading and Britain's Serious Fraud Office (SFO) said yesterday it wants tougher action against the perpetrators, including harsh fines. Rosalind
      Reuter  -  387 words
    • 122 11 LONDON FT THE European Commission wants to extend controversial limits on working hours to millions of transport and offshore workers, junior doctors and others. Brussels said exemptions from the law, designed to respect traditionally irregular work patterns in certain industries, are too wide. Some 375,000 airline
      FT  -  122 words
    • 313 12 GENEVA Trade partners will get substantially full market access in banking, securities and insurance Reuter [WASHINGTON] The United States yesterday made a new conditional offer to the World Trade Organisation to try to spur stalled talks on a pact to liberalise
      Reuter  -  313 words
    • 421 12 NEW YORK His net worth of USs36.4b is the highest ever recorded in Forbes magazine Reuter MICROSOFT Corp co-founder and chairman Bill Gates' software empire has made him the richest person in the world for the third year in a row and his fortune
      Reuter  -  421 words
    • 297 12 LONDON FT THE US and Britain received more than half the inward direct investment reported by members of the Organisation for Economic Cooperation and Development last year, when both countries recorded big increases in inflows. Foreign direct investment in Austria and
      FT  -  297 words
    • 245 12 LONDON Reuter US FUND managers are more bullish about the outlook for US equities as prospects for a hike in interest rates recede, a survey by Merrill Lynch said. It said bulls on the US equity market outnumber bears by 30 per cent
      Reuter  -  245 words
    • WORLD Watch
      • 61 12 Reuter fEßMUA,Spife]*paiaca»e to a virtual standstill yesterday as the nation paid its last respects to a young J kidnapped and brutally murdered by Basque separatist guerillas. Millions took part in a mass protest. against the killing pf Miguel Angel Blanoo, 29. Spain's King Jum Carlos was
        Reuter  -  61 words
      • 62 12 Reuter [PRAGUE] US Secretary of State Madeleine Albright, on an emotional visit to her native Prague, aakl yesterday she is confident the Cxech Republic win do everything necessary to be ready for membership of the North Atlantic Treaty Organisation. Nato last week invited
        Reuter  -  62 words
      • 53 12 Reuter [BONN] Germany's economy has continued to recover during the second quarter thanks to strong exports, but f, domestic activity remabts subdued, the Economics r Ministry said yesterday in its latest monthly report Manufacturing grew well in April and May but the building sector
        Reuter  -  53 words
  • Page 11 Advertisements
    • 85 11 '^ioin Suitable for 1-20 Man Operation e Fully furnished office suites Secretarial services Telephone answering services t Conference rooms Call 336 8219 Fax 438 0681 E-mail centrako@pacific.net.sg CENTRAKO Tung Centre 1,566 sf Parkway Parade 1,592.48 sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1,776 sf/7,739 sf/13,982 sf 172/174 Paya Lebar
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    • 247 11 (Summer <Spec¥af o ENJOY THE FOLLOWING PRIVILEGES FOR JUST RM B O ONLY Upgraded accommodation in a Deluxe Room Complimentary full breakfast I Complimentary pressing of 2 item* per itay Complimentary Welcome Drink at the Lounge Bar 1 Use of our health cluh facilities (except massage services) A daily newspaper
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  • Page 12 Advertisements
    • 337 12 V m j THE JAGUAR 75TH ANNIVERSARY CELEBRATION ■in .—1 The arrival of a new Jaguar is never dNMHUHHi 25 ,Ucky draW winners y° u et to drive the ran B e of a minor event. For 75 years, we've Jaguars on one of Britain's most famous racetracks 7 been
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  • EDITORIAL & OPINION
    • 783 13  -  OPINION THE BOTTOM LIMB By Shada Islam The writer is a Brussels-based journalist who contributes to BT IT USED to be fairly easy. Countries seeking closer relations with the European Union just signed up for simply worded cooperation treaties which gave
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    • 138 13 'Inflation is as close to zero as it gets.' Kevin McCtintock a US fund manager, after US bonds climbed and yields fell to their lowest in almost five months after a report showed producer prices unexpectedly fell in June. 'If there is a victim in this drama,
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    • 623 13 EDITORIAL THE 1997 budget presented by Finance Minister Richard Hu last Friday has met with a lukewarm reception from Singapore's business community. To be sure, those who had lobbied for cuts in various taxes and charges knew their chances were even at best But the general
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    • 1144 13  -  Tokyo election sinks the hope of smooth progression towards two-party democracy By• Anthony Rowley The writer is BT's Tokyo correspondent LAST week's metropolitan election in Tokyo dashed the assumption that Japan is moving smoothly towards a twoparty system of parliamentary democracy. With the striking exception
      FILE PHOTOS  -  1,144 words
    • 766 13 GIVEN Indonesia's distinctive geography as the world's largest archipelago and given its huge diversity in terms of land conditions, ethnicity and culture as well as material progress it is strange that the question of granting greater autonomy to its many regions has still not been completely
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  • Page 13 Miscellaneous
    • 26 13 POOHESBURY By Garry Trudeau H MOSTcF7H£VMesueHR N f HMV d O&setf, CfHTHM, MAYBe f UH... YZS, iSS? aSSoXiSfGHi] rreo, I niSTOosooNToaeTALme /w&zr I mrs pmbn-) A^^STBPnr^PooN...
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  • EXECUTIVE LIFESTYLE
    • 1485 14  -  Queen Victoria is Judi Dench's biggest movie role to date, and Mrs Brown may well spread her fame beyond British shores, says ai»aw riddio ALAN RIDING NYT 1 DON'T like making films, Judi Dench announced disarmingly, explaining in one simple phrase why
      NYT; FILE PHOTO  -  1,485 words
    • 803 14  -  THEATRE Play featured all-Asian cast flown in firm many different parts of the world By] Ben Munroe SINGAPORE Repertory Theatre kicked off its Shakespeare in the Park series last week with Hamlet, directed by Barry Kyle, and featuring an allAsian cast flown in from many
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  • Page 14 Advertisements
    • 489 14 rfj'.V.Tjl Corporation Keppel Corporation Limited (Incorporated in the Republic of Singapore) Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the Conference Room. Keppel Corporation Limited. 325Tek>k Blangah Road. Singapore *****1 on 7 August 1997 at 10.15 a.m.
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  • Page 14 Miscellaneous
    • 156 14 THE WEATHER 1 Stappors Fair and occasionally windy. Temperature (90-25) mn*r (Wt bm m/ut Omd. >■■■<■■ m/uf (Mi MW liD9 Shown *m+r4m BwmAm (lam D inj>nt Wtt Tstora httm mSL tttl rVmAf fl.fc ft/11 (VikK QMf OflZ aorty HI J7 H<*mh* tirtX Onto ai* Shown 9mm iUlt S *!T i
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  • Page 15 Advertisements
    • 261 15 fiTi a i prrmsed Diners Club r Gives you up to 60 days Where to wine, nine Bnd entertfliiiw interest free credit, 2904^ kttp ://www. ana-hotels. com Not juat aaalood fcitW Visit our lioma page and you can oeJec Jinntr from dW qfUr selection. Browse tkraugit tke menu, l«m us
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    • 247 15 "ST 35 I APOILOHOTEL I 14TH TO 87TH JULY '97 KINTAMANI INDONESIAN RESTAURANT Lunch :12.00 pm -2.30 pm Dinner: 6.30 pin -10.00 pm AS pness iSbicct Is IS% «c«vw; chanc aad GST 01 For reservations, call 733 2081 eit 463. 405 Havetock Road. Singapore 1696)3 lSv 11 Td (65)733 Mil
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    • 193 15 I WHAT HAPPENS r J WHEN YOU ADD >I A DASH OF 1 J ITALIAN I WITH A PINCH OF CHINESE WISDOM? K You be the Judge. 11 I lINOAPOII Opening hours from 11.30 mm to 12.30 am n| 25 Scotts Road. Singapore *****0 j For reservations, call 731-7909 21
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    • 89 15 'V SINGAPORE BUSINESS K f t *> Giving you the winning edge M 4 t>V v SENSATION All KEBABS From Lobster Bhopall to < Garlic Chicken Tikka to Paneer Kati Kebab, you will definitely be spoilt for choice on the variety of Kebabs available at the Rang Mahal this July.
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    • 54 15 24-hour l.tVU* The Chicken *i<*> Capital Of The World '<■ "3 ■■■w* -v -i 333 Orchard Road. Singapore *****7. T«t: 7%7 4411 >t*ic# I I ,2 noon to fc3opm *v«fy day Adult $t5.00 Child (Wow 12) $10.50* All price* vrtubject to 10* service charge^ Iv^** V «r L' ffjNgr tIWM
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  • Page 15 Miscellaneous
    • 727 15 TF&RADIO 1 I U.4S X-Files. 7JO Tamil Seithi (News). L4a AM John Grisham's The 84)0 Berita 12 (News). 2JO PM TV Innovations. Client The Good Samari- &J0 Gempa TV. 130 The Winners. tan. ti3o Zimfoni. *.00 Money, Money, Money. xzB By Demand. VMM Japan Hour Weekly UO How To Succeed
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    • 131 15 CRYPTIC CROSSWORD 24 Receive communication BDo annoy, being playful at TEBnaOATS SOLUTION and really understand twelve (7) (3,3,7) 13-Fibbed have to go to bed ||Ihimimi WWN (3,4) BBBBBIyiI 1 Part of church has luck 15 Into sect, priest takes one with money (7) wrongdoer (7) 2 Pleased about having 16
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  • CYCLE & CARRIAGE GOLF PAGE
    • 1302 16  -  Borneo Golf Resort should emerge on the 'must play" agenda of Malaysia's top courses, says mcslaus d'cruz NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review IT is not easy for a golf course to be built into the No 1 position
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    • 1200 16  -  By Nicklaus D'Cruz KARAMBUNAI Resorts Golf Club is situated on a six-kilometre long peninsula and has some affinity to water. It is a laid back course that takes its time getting aggressive with you. You are, instead, expected to enjoy the scenery
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  • Page 16 Advertisements
    • 89 16 I'l li'lil I 111 IMm H i Hi' IK. ■L m mk.- Sjii 'fl .1 With the 3-pointed star, there are certain things you can be sure of. Like unrivalled comfort. Superb handling. And uncompromising quality and safety. They're the result f*% of combining the finest materials with the latest
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  • COMPANIES & MARKETS
    • 377 17  -  Special offer to celebrate owner limGoh long's 80th birthday and resort's $2nd anniversary m Ang Wan May [SINGAPORE] Rooms at gambling hot spot Genting Highta«di are going for a rock bottom $1 a night to Singaporeans in a special offer. The dollar
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    • 133 17 [SINGAPORE] Construction and property firm Koh Brothers Group has consolidated the assets of its three main Singapore companies into its soon-to-be-listed building materials and equipment arm, G&W Group Holdings. Koh Brothers said yesterday it had undertaken a restructuring exercise to transfer taG&W Group all its
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    • 199 17 [SINGAPORE] OUB has scored a first for a Singapore bank by taking a lead manager role for the privatisation of Melbourne Airport. The bank yesterday announced that its Sydney branch was amongst the seven lead managers in a group of 23 major international
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    • 189 17 Reuter [HONGKONG] Jardine International Motor Holdings Ltd said yesterday that there had been no specific event to warrant Friday's sharp fall in its stock. The stock fell HK$O.75 to HK$7.9O before rebounding to HK$B.4O yesterday. It hit a 1997 high of HK$lO.6O on June
      Reuter  -  189 words
    • 663 17  -  HOCK LOCK SIEW Jennifer Lien A MANUFACTURING facility in Penang, and a vegetable farming venture these are the two most promising businesses left in CAM International's stable, says accounting firm Price Waterhouse (PW) in its special investigative report. But PWs assessment was accompanied
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    • 413 17 Plans for USs3som preference shares; analysts also expect weak interim results Reuter (SINGAPORE! Keppel Corp shares fell yesterday after it announced plans to raise US$35O million (*****.53 million) in a redeemable convertible cumulative preference share (RCCPS) issue. The shares closed yesterday at $6.20, down 35
      Reuter  -  413 words
    • 366 17 Company gets Hanoi nod for Dai Hong offshore oil project AFP. Reuter, Bloomberg {KUALA LUMPUR] Malaysia's national oil firm Petroliam Nasional Bhd (Petronas) yesterday announced a 44.7 per cent year-on-year rise in group pre-tax profits to M 112.39 billion (Ss7 billion) for
      AFP.; Reuter,; Bloomberg  -  366 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 175 18 [SINGAPORE] A newlyformed unit of Mulpha Inter- national Bhd has been appointed the exclusive distributor of France's Potain tower cranes in Singapore. Manta Equipment (S) Pte 'Ltd, the company that won the distributorship, is a joint venture between Mulpha's Hongkong subsidiary Manta Engi-
        175 words
      • 147 18 i [SINGAPORE] Sesdaq-listed Kian Ho Bearings yesterday •1 said it has leased a plot of land I at Changi South from the Ju- rong Town Corporation for The lease for the 6,074 sq metre site is 30 years starting this September, with an option
        147 words
      • 353 18 Reuter (KUALA LUMPUR] Arab-Ma-laysian Finance Bhd (AMFB) announced yesterday that it has been accorded Tier-1 status by Bank Negara and said it plans to open more branches and offer new services. "We will want to do more of course but we will select the
        Reuter; FILE PHOTO  -  353 words
      • 333 18  -  Firm expects return to profit path for next financial year; plans to list property, insurance arms From. Eddie Toh in Kuala Lumpur LISTED Kuala Lumpur Industries Holdings Bhd, which has proposed a restructuring exercise, is expected to return to the black in its financial year
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      • 472 18  -  Suharto's daughter's firm also has USs2J>b S Jakarta project Prom\ S N Vasuki in Jakarta A COMPANY owned by President Suharto's daughter Siti Hardiyanti Rukmana will be participating in a US$l billion (551.44 billion) venture to build a light rail transit (LRT) network
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      • 287 18 More looks like a management takeover by George Town director NST [KUALA LUMPUR] Datuk Keramat Holdings Bhd in what seems to be a management takeover led by subsidiary George Town Holdings Bhd director Shuaib Lazim changed ownership as of Jun 26. In statements
        NST  -  287 words
      • 180 18 [SINGAPORE] Property and medical group Parkway Holdings yesterday said it has reached a settlement with Kajima International over a disputed building contract in Baltimore in the US. Under the terms of the settlement, Kajima will be paid U*****,000 (*****,000) from its US$l.6 million retainage and all
        180 words
      • 232 18 Company also acquiring 40% stake in investment holding company Zens Bernama [MANILA] A unit of Malaysia's Hong Leong Group has bought additional shares in Pepsi Cola Philippines Inc (PCPI) to give it a commanding majority control in the soft drinks company. Guoco
        Bernama  -  232 words
      • 207 18 AFX-Asia [KUALA LUMPUR] Tenaga Nasional Bhd has been given a 40 per cent stake in Sabah Electricity Board while the Sabah state government will hold 20 per cent under its planned privatisation, the Malaysian Business Times reported. The newspaper quoted Energy, Telecommunications and
        AFX-Asia  -  207 words
    • REGIONAL COMPANIES
      • 394 19 Govt call to improve financial health heeded by S Korean conglomerates AFP [SEOUL] South Korea's giant Hyundai Group plans to sell off US$2.2 billion (553.15 billion) in real estate this year to improve its financial structure in line
        AFP  -  394 words
      • 284 19 Reuter, Bloomberg [HONGKONG] Shares of HSBC Holdings pic hit a high on overseas buying, supported by strong earnings hopes ahead of the release of the bank's interim results due on Aug 4, brokers said yesterday. "Anticipation of a strong earnings report plus excitement
        Reuter,; Bloomberg  -  284 words
      • 287 19 Rise ends 6-day slide triggered by worries ever firm's finances Bloomberg [TOKYO] Shares in retailer Yaohan Japan Corp soared 32 per cent, ending a six-day slide triggered by concern about the company's financial condition. The stock rose 30 yen to 125 as
        Bloomberg; Source: Bloomberg  -  287 words
      • 311 19 Reuter [SEOUL] Aggressive global expansion efforts by South Korea's Daewoo Group are already showing tangible results and earning praise from the unlikeliest corners, corporate rivals and analysts said yesterday. "Daewoo has moved very, very swiftly. At the same time the group's strategy seems to be
        Reuter  -  311 words
    • INTERNATIONAL COMPANIES
      • 413 20 Move also to study MCFs finances, plans before decision on USs2ob merger FT {LONDON] British Telecommunications is expected to demand the resignation of two senior managers of its US partner MCI, following MCl's surprise revelations last week that its business
        FT  -  413 words
      • 328 20 Overseas calls may cost as lew as 20% of normal charges FT [BONN] Deutsche Telekom is drawing up plans to become the first large international telecommunications group to offer cut-price overseas telephone calls via the Internet. The Bonn-based group is expected to announce plans
        FT  -  328 words
      • 549 20 But figure expected to be lower than analysts' estimates Bloomberg [SANTA CLARA, California] Intel Corp is expected to report higher second-quarter profit today, though less than initially expected, after the world's largest chipmaker warned in late May that results would be hurt by
        Bloomberg  -  549 words
    • FINANCE
      • 348 21 US heavyweight seeking MAS okay, talking to banks about sales. Bloomberg [SINGAPORE] Alliance Capital Management, a heavyweight in US mutual funds, is gearing up to sell fund management services to retail investors in Singapore. Alliance aims to tap the booming demand for
        Bloomberg  -  348 words
    • FINANCE & COMMODITIES
      • 350 22  -  S'pore arm plans to diversify into commodities, metals futures contracts By I Siow Li Sen [SINGAPORE] ABN Amro's financial futures unit here has taken off, with plans to eventually diversify into commodities and metals futures contracts. However, ABN Amro Chicago Corp (Singapore) Ltd
        350 words
      • 290 22 FT [SAO PAULO] Lawyers representing three coffee trading companies are considering an attempt to seize the proceeds of the sterling Eurobond issue which the Brazilian government plans to launch this week as repayment for a long-standing debt. The threat is the latest twist in a
        FT  -  290 words
      • 183 22 FT [LONDON] Price Waterhouse was poised to announce last night figures showing a rapid expansion in Europe with a 6 per cent growth in the number of partners to nearly 1,000. The firm said that growth in some areas was "staggering" pointing to a 256 per
        FT  -  183 words
      • 248 22 SSME^Report Reuter [SINGAPORE] Simex Euroyen futures traded sluggishly yesterday, shrugging off a sharp rise in Tokyo stocks as players remained keen to buy on dips. The 225-share Nikkei Average ended up 353.23 points to 20,228.72, boosted by active buying of high technology shares. Comments by
        Reuter  -  248 words
      • 141 22  -  HSCI TAIWAN FUTURES -By Perry Gilbert vice-president, Refco Singapore PteLtd. [SINGAPORE] The Simex MSCI Taiwan Index futures contract surged yesterday, boosted by buying of electronics and computer stocks. Construction and property stocks also saw good demand by investors. Discount to cash in the July
        141 words
      • 236 22 ENERGY REPORT Reuter [ISMAILIA, Egypt] Qatar and the Suez Canal Authority said yesterday that they were negotiating the terms of an agreement to export Qatari liquefied natural gas (LNG) via the strategic waterway to Europe. Qatari Energy and Industry Minister Abdullah bin Hamad
        Reuter  -  236 words
      • 276 22 Reuter, AFP y^fAm THE US dollar and sterling rose strongly against European currencies in the first half of the trading session yesterday in relatively light trading. The dollar was up to 1.7905 marks against 1.7694 on Friday. It jumped above the sixfranc level to 6.0569 French francs against
        Reuter,; AFP  -  276 words
      • Article, Illustration
        471 22 Hff— *«iCRQ8gg*TO Jul 14 STL is Us iL_i i i HI r i i -i i' >'»' "uJIS-m >i. i W7_ r> £> Wkrm* 1 j!di4 i 9SsL Ovarii* IT/I 2 1-MHtk 3V4 3 VI 2-MXk 35/* 3 7/* 3-MOtfc 35/* 3T/W Own** M* 15/4 *3 as sail 7 toy*
        471 words
    • 1411 23 goaMwrrPEHg jui N IWKS(Mm(da*t«itSJ0pn) BSiaMTtACTtSw*/*) Cfett Mm Of— mm mgt Um Sttt mn) fctinrt tof 97 ***** TOO S«9 97 QUO 138.50 138.50 50 1795 Oct 97 W3.25 143.00 143.25 799 1175 Nw97 145.00 144.50 145.00 75 *75 0K 97 146.75 M6.00 146.75 75 *75 Jmfltmn &J# BUS
      1,411 words
    • 1799 23 MM fmet 31 Group 490 -2 AS Ports 260.200 7.800 AMwy Motional 858.400 3 UMDofflKq 452 3.600 Ahmc 164 *400 croui 141 -1 ■ATM 545 6 BG Pic 227.400 -400 BtCC 174 unch IOC Group 1042.400 ***** BRPotroloum 783 1 BTR 198.400 2.400 Bank of Scotland *****0
      1,799 words
    • 1551 23 AFP Qnu» ****** SHARE prices rallied yesterday with the key market barometer closing 1.8 per cent higher on late buying centring on banking and hightech issues. Brokers said there was a surge of buying support near the close, as investors who had been on the sidelines waiting for share
      AFP  -  1,551 words
    • Article, Illustration
      1558 24 AFP QHaagSeag +M6J6 SHARE prices rose one per cent yesterday to an all-time high on strong sentiment, dealers said. "The good sentiment has fuelled the rise, amid a favourable interest rate condition," said a trader. The Stock Exchange of Hongkong's key Hang Seng Index gained 145.65 points to finish
      AFP  -  1,558 words
    • Article, Illustration
      622 24 Reuter ♦LBI THE Shenzhen B share market ended with solid gains yesterday as the recent sharp rally continued in the face of an optimistic outlook for 1997 interim company results. The B Index gained 1.89 points to 134.25 on turnover of HKJ72.7 million. The A Index rose 12.80 points
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  622 words
    • 340 24 AFP QwPUex *KM SHARE prices rose to their highest close in more than seven years yesterday as investors bought into electrical issues, brokers said. "Retail investors largely increased shareholdings of electrical plays but other sectors of shares remained weak," said one trader. The TSE Weighted Price Index rallied 92.46
      AFP  -  340 words
    • 243 24 Bloomberg pweflmgf -ma SHARES fell yesterday after the central bank's call on Friday for tighter credit conditions forced Interest rates higher. The NZSE Top 40share Index fell 11.52 points to 2,505.32. Bloomberg mm «a rmm AMZ*a*ln« 11-20 *004 ***** MvmlatHHUp 108 »OlOI *4000 Air Na* Zaaland (A) 3.09 -0.02
      Bloomberg  -  243 words
    • Article, Illustration
      795 24 AFP O SET fate -MJ4 SHARES fell yesterday on uncertainty over the weaker finance firms as details about a planned consolidation of the cash-strapped sector began to emerge. Analysts said foreign investors were taking a wait-and-see attitude due to the instability of the baht and a lack of supplementary
      AFP  -  795 words
    • 372 24 AFP Pftfwitelilg -Iffl SHARE prices closed lower yesterday as blue chips gave way to sell-offs amid an absence of fresh leads. The Composite Index lost 2.82 points at 764.45 on turnover of 40 million shares worth 672.3 billion won. Falls led rises by 466 to 298. Dealers said investors
      AFP  -  372 words
    • 544 24 AFP PAnorfhtriM -an SHARES slumped yesterday amid dwindling hopes of an imminent rates cut and profittaking, dealers said. The All Ordinaries Index fell 26.1 points to 2,673.0. Turnover was 257.6 million shares worth A 1728.9 million. The main focus was the debut of ICI Australia. The stock ended at
      AFP  -  544 words
    • Article, Illustration
      709 24 AFP QfampnateMg -QJ2 SHARE prices closed lower yesterday on profit-taking amid concerns over the rupiah's stability, dealers said. "I think most foreign investors were just moving sideways. They just continue to take profit on some expensive stocks," a dealer said. The JSE Composite Index lost 0.92 points at 722.50.
      AFP  -  709 words
    • 230 24 AFP Qlidi +M» SHARES rose yesterday as the market remained uncertain over the effects of the de facto devaluation of the local currency last week. The PSE Composite Index rose 9.59 points to 2,710.73. Turnover was 3.3 billion shares worth 2.94 billion. Petron Corp rose 20 centa vos to
      AFP  -  230 words
    • KUALA LUMPUR STOCK MARKET
      • 7310 25 HHNHNPoB '•w* Sv C—— prilmti 1997 Last Vol Day Mat C«0 W» L— ClIU) 9aM •OOP Ml» t— P/» 790 550 AJinomoto 550 1 550 550 30.5 222.9 440 293 Angkasa 300 -10 308 300 0.9 442.4 90S 610 ApotoFoodMg 670 unch 6 670 635 260-0 420 109 Boriayalnd 291
        7,310 words
      • 297 25 AFX-Asia QOonvoatehia -111 SHARE prices closed lower yesterday on continued concerns over the local currency and its impact on interest fates but local support for selected blue chips limited further losses, dealers said. The KLSE Composite Index closed down 2.11 points at 1,015.50.
        AFX-Asia  -  297 words
    • WARRANTS & OPTIONS
      • 178 26  -  WARRANT WATCH By R Sivanithy MALAYSIAN property firm Country Heights' warrants have featured three times in this column over the past three months. All previous recommendations were to stay away from the instrument. However, this time round we have to admit that at
        178 words
      • 3374 26 1997 Lut V(« Day u«t Ouot. Avg Ma* Law StM Company Sal. *«r- COOO) HNfc far —yar Mto We. 68 44J n 3000 m AMOS c5.5%*****6 44 unch 2 46 46 45 44 67 4t.5 3160 Acaf W*****1 US$ 48.5 -0.5 15 48.5 47 46 49 131 70 3164 Acma
        3,374 words
    • 1917 26 Transaction Date Jul 14 fir fir •997 Laat Val Day Laat Owta M* Mr YM Nat MCap MM* L— Ww C—parry w» POOOI H» Law fcnwr M» C*W W W ~478 279 mt5000 AISB50C 279 < 6 279 279 278 283 SdO 4.9 OS 57.9 2M2 137 8Ums
      1,917 words
    • STOCK EXCHANGE OF SINGAPORE
      • 659 27 tvwiow*room vaiuctom) cm Ttn mm c»> rsssr V *8 1K *38 NNrtlM n,«4 ttSS 3i445 Si6M 39JM IUM 1*0 i.w® lw MM* 143 jS 275 ITS tCW S.TM 2.997 5.7M 1341 l» 7aa T«t* ***** 91,933 >14.574 219,064 n,»4» 28*609 SCtOAQ KU73 MB MAM CUM TOTAL =5 3 Z 1
        659 words
      • 5042 27 Hon D.ite Jul 14l Qr (r M Wt v ,997 Lot Vd4 Ddy LddtOwdtd Mv W» YI8 Mdt Cm Aug I—> u» atw cin»«y m roow m» l— ■■yr cur ?/i wrk« J nimi W" f JVM A5CNTSW200 US- f MS 464 1275 ASF USlc 100 US665 OTA
        5,042 words
      • 1016 27 8r «r MM tWT Lm« V«l On LaatQMto ok Ik W M Cm A«9 HH» L— Stf Cim>—V M« rOOO) M>fll Lwr 8»yr 848w Or P/t $3 Wrtw IM 76 2000 AWHMftSc 10) -2 KM 103 U U Oj MTJ 4M I0S 213 144 204* ASAutofoc 271 c4 «K*
        1,016 words
      • Article, Illustration
        67 28  -  Ven Sreenivasan DATACRAFT ASIA, which yesterday surged past its 52-week high to close with a gain of 24 US cents at a new record at U553.72, is looking extremely stretched. Both the weekly and monthly RSIs show that the counter is very deep into overbought territory. But chances
        67 words
      • 712 28  -  STOCI MARKET COMMENTARY The thought that S'pore and KL stocks may suffer the same speculative attacks seen in Bangkok and Manila continue to haunt local players By R Sivanithy [SINGAPORE] The recent perception that Singapore and Malaysian stocks might suffer the
        Chart info from Bridge  -  712 words
      • 192 28 Stocks Vol—e J«l Industries 19.411.000 EWMR 8,920.000 jndUSIOc 4.630.000 itHsMJS20c 3.411.000 <ftenongBM50c 2.643,000 fttLiflfcs 20c 2,536.000 pigTeifr: 2.203,000 tun*itn0c2000 1910,000 *)4aqnufli Corp50c 1.810.000 S«Lmt 1.790.000 > •W Industries 32.020,770 |0I Foreign 20,726,577 Sll Foreign 15,830.293 Oty Dev 50c 14.819,709 INT Land USIOc 12,047,180 US Foreign 11,101,372 SPM Foreign 9,605,462 Spore
        192 words
      • ON THE GRAPEVINE
        • 107 28 THE president or a certain Sesdaq-listed company made a jolly friendly host when he brought a pack of hungry reporters out to lunch recently. Being seasoned hands at media relations, he and his company executives proved outstandingly cautious lest they let slip some embarrassing gossip. Reporters couldn't
          107 words
        • 133 28 IT WAS the Hongkong police, not the noisy demonstrators who were the first to break the law under Chinese rule, the South China Morning Post has revealed. According to a report by the SCMP, the Hongkong police's move to blast Beethovan's fifth symphony during the handover at
          133 words
        • 121 28 WHAT brought about the sudden increase In write-oOte at sports goods manufacturer and distributor Ossia International In the first year of Its listing? According to its annual report, provisions fbr stock obsolescence for the year 1996 hit $638,000. up from a mere $77,000 In 1995, when Ossia
          121 words
        • 57 28 THE telephone number of Fidelity Investments to, for some reason, listed wrongly in the phone directory as 227-3033. It is actually the number of an insurance broker. Imagine the irritation of the poor lady who has to pick up the phone a dozen times a day with somebody
          57 words
        • 108 28 COE in Hongkong also means Certificate of Entitlement But it has a much more emotive meaning than the dollars and sense it conjures up in Singapore. In Hongkong, the precious piece of paper issued by the Hongkong immigration department will determine whether a China-born child Is able
          108 words
        • 102 28 STILL want proof that lawyers are the biggest beneficiaries in most legal disputes? Just look at Aztech Systems. Aztech lost its long-running fight with Creative Technology and made a provision for it in its latest (1996) accounts. Out of a total sum of 93.5 million, only
          102 words
  • Page 17 Advertisements
    • 142 17 From success as a print publication, Singapore's Tfellow Pages are now also talking and, since their entry into hyperspace, they are flying. Integrated Information, the Yfellow Pages company, is celebrating its 30th anniversary. DIRECTIONS-The business magazine focuses on this successful publishing giant in its latest issue. As our birthday gift
      142 words

  • Page 18 Advertisements
    • 68 18 For once, tell the chef where to stick it. On the end of a wonderfully brazened kebab. Each delightful bite selected by you, cooked by our chefs to mouth-watering perfection. Join us now at St. Gregory's Brasserie, and indulge in all the delicious cuisines along our fantastick international buffet (s2B*
      68 words
    • 268 18 =|JTlVEAppointments AU^ 4 TR ADE Austrade, the Australian Government's export facilitation agency, is seeking highly motivated competent individuals for the following positions: 1 INVESTMENT MANAGER] Based in Singapore, the successful applicant will promote and facilitate direct investment from South East Asia into Australia. The Investment Manager will also pursue strategic
      268 words

  • Page 19 Advertisements
    • 110 19 A Superb Investment Opportunity Brand New 5-Star Quality Facilities Freehold apartments managed by Dynasty Pacific Guaranteed 8% net return p.a. Prime Central Business District location Americas Cup Base Harbour Views No restriction on BiMjlMfnHH Foreign Investment Q No Capital Gains Tax Construction has started Dmab Madry: Bayieys Singapore Office: Diana
      110 words

  • Page 20 Advertisements
    • 61 20 19 SUPERB OFFICE SUITES DOWNTOWN RETURN Fully fitted out r Exhibition to be held at Carlton Hotel, Connaught Room, Bras Basah Road 11am to 7pm Sat 19th, Sun 20th July Call or Fax Bayleys Pax 3Z4 Singapore Office Hand Phone 9663 5779 10 Anson Road #03-03 Hand Phone 001 64
      61 words

  • Page 21 Advertisements
    • 516 21 To succeed in life and in business, one has to first achieve harmony of one's self. jk Taste success through harmony at Xin Cuisine Chinese Restaurant §U~ Delicate slices of roast duck are served wtth mustard, I julienne of honeydew, mango and cantaloupe. f| B Which makes this signature dish
      516 words

  • Page 22 Advertisements
    • 64 22 •4.V We're Moving Offices to Serve You Better. To further meet your companies' growing needs, Sun Microsystems is shifting its offices to: No. 1 Magazine Road #07-01/13 Central Mall Singapore *****7 Tel: (65) 438 1888 Fax: (65) 438 7646 http://www.sun.com.sg I Details of divisions moving dates: Sun Microsystems Pte Ltd
      64 words


  • Page 24 Advertisements
    • 30 24 For real-time stock information, S call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of I The Business Times and Lianhe Zaobao.
      30 words


  • Page 26 Advertisements
    • 73 26 m 1A INTRODUCING THE MOVADO VIZIO: ly\i IVA I )C J fSm,Z*TK. A POST-MODERN PEISPEOIVC ON TIME. Dekuc Eastern Watch a Solid stainless steel or steel/18K gold. M M J Scrateh-proo* hard metal bezel. Nanking Watch Doha M I Iff 1 Push-buttondeployantclasp. Swiss Td: 336 365# \X I 1 J
      73 words

  • Page 27 Advertisements
    • 41 27 »-nui*.i— ni > >i,i,- fct7^40 WW***" >—«■■»——■»>■*■■ o—.»—^>«» >**•»*■■■ M r rr, f r SWITZERLAND Ohawplan mmm Oo OJCftna LMm j« VMM Ma LM JT OMMt U* LM IMmM MoMta* Samaud*! Oo Ptm LM m I Il» II f■ I T J SINCE 18S1
      41 words
    • 20 27 Our auto listings won t steer you :o The Straits Times I Classified for the best wrong! deils on wheels.
      20 words

  • Page 28 Advertisements
    • 2229 28 BUSINESS Notices To advertise call toll-free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER Of SADKA BROTHERS (PTE) LYD ON LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company held on the Bth day of July. 1997:- SPECIAL RESOLUTIONThat the
      2,229 words
    • 127 28 ~Land Transport Authority Infoline COE Bidding Results Car Registration Number Availability. Available on I Oth or 11th of every month. All you Aviitabta betwwn Satuiday and Wednesday «d> week. All you need it need is enter your IC. Passport or Company Registration n, number nd the Vthicle Category number bid
      127 words

  • SHIPPING TIMES
    • 216 29 Bridge News Reuter ttATESfbrPanamax JOonnage in the Atlantic remained on a firm upward path as grain charterers jbok to book July grain cargoes to the Far East. W JrEßtoree TANKBB* A busy week |br very large and ultra large crude carriers in the Persian Gulf resulted in 30
      Bridge News; Reuter  -  216 words
    • 25 29 Essrr--jjj Js ISS3!Im *on sm 95&?=l& 38 *3 HC Motdtofi 'ifTIO IW Bmum WlO -L0 so SSSSeII *3 00W «OM MO Source: BRIDGE
      25 words
    • 397 29  -  Company will not only recruit seafarers from all over the world bnt also train tliem By' Yong Mei Fong [SINGAPORE] The Wallem Group intends to set up a crew management firm in Singapore next month which not only recruits seafarers but
      397 words
    • 66 29 [PAPENBURG, Germany] Hundreds of spectators watching the out-docking of the 264-metre long passenger ship Mercury on the Meyer Werft in Papenburg. The cruise liner is the sistership of the Galaxy, and after her the largest luxury liner ever built in Germany Mfrtury was built
      REUTER  -  66 words
    • 235 29 AFP [LONGYEARBYEN, Norway] The German liner Hanseatic with 260 people on board ran aground early yesterday in the Arctic, but local authorities said there was no danger. Elisabeth Aarsaether, spokesman for the authorities in the Svalbard archipelago, said the ship's Norwegian captain,
      AFP  -  235 words
    • 277 29 [SINGAPORE] Greek ship operators have confirmed nearly US$9OO million (Ssl.3 million) of newbuilding orders in the past five weeks. Twenty-one vessels of a wide range of ship types are involved from ULCCs (very large crude carriers), a cruise ship, bulkers,
      277 words
    • 205 29 AFP. Reuter {MkARTA] One person died Sid 11 were missing after a rry sank off the western Indonesian island of Bintan, press reports said yesterday. l<' A ferry linking the islands of Bintan and Batam just south of Singapore sank after leaving
      AFP.; Reuter  -  205 words
    • 164 29 Reuter [HONGKONG] Ports in the southern Chinese boomtown of Shenzhen handled a total of 471,300 containers in the first half of 1997, a year-on-year increase of 122.1 per cent, the Shenzhen Special Zone Daily said. The newspaper attributed the rise
      Reuter  -  164 words
    • 663 30  -  BOMOXOMO BARBOUR: ALARM BELLS RING Land reclamation threatens to turn the deep-water harbour into a narrow, useless 'river', environmentalists warn QL Vivian Lai Reuter E L E N m TLESS land U reclamaB tion threatens to turn m Hong- kong's famed panmJLm oramic harbour
      Reuter; FILE PHOTO  -  663 words
    • 242 30 PAGE Eurofcans 6 in n E»erire«ft 6 AM. 3 F wus Accord 12 Fl-BrigW 6 s JS 1 i WTO 3 SlM Antral Gem4rtrans >3 Avant 6 Gmi, M n BSA 7 GloMM 7 Gotten 12 MCOTNnOO I M m- OuanGuar 12 ccm
      242 words
    • 14357 36 thebusinesstimes THEBUSINESSTIMES EXPORT ETA ETA Advarttsar VwM Voya* TalapHon. CTA ETA Vouot T |££r r.M UuM y.m. MumtMf Mumter SiN Dtst'n Nmtw Nam# NumOtr Number s» omt. m-. H— HM r n III To BUENAVENTURA (BUN) 2099 A Colombia TO ABIDJAN (ABJ) 2003 nm a/oo cians a norosuno
      14,357 words
    • SHIPS IN PORT
      • 573 43 Vmm« VyMo Nftti Arrfrol Onorturt JM|M UWJW MM J03 M|M MMmn V9703 J04 15.07/0400 H]t4 JQ2 Mon«ud* 8.07/0300 RMJl, *****7 J01 llipUl *07/800 H Ml 0730*7 J01 llliplti 15 07 'i®S2? at itoft mhU J01 Honendt 14.07/1200 KMCN 5*7 J01 *07/MW H n 4321 an joi «i«hm* *07/235*
        573 words
      • 1660 43 RECEIVING OF EXPORT Fa CONTAINERS AND LCI CARGO BoofcN/Mwcs htts Ship Voy Wo Etb/Btr Nrtod From To Frew A004 no* M/0900 U 14/1400 M/BW >0*00 It M/1700 B/04W >vwc j s/otoo a/m 8/*oe 4 b/1200 a/vei b/ijm asar «B wg «sg j~r a HA700 8/0*51 1/0«X a wi?oc
        1,660 words
      • 214 43 MX Brunei: H.M. The Sultan's Birthday. Jul If Bahrain, Kuwait, Oman, United Arab Emirates: (tentative) Moslem Prophet's birthday (dependent on sighting of the moon). Jal 17 Brunei: Maulud RasuL Indonesia Birthday of Prophet Mohammed. Malaysia Brithday of Prophet Mohammed. Egypt, Lebanon, Ivory Coast: (tentative) Moslem Prophet Mohammed's birthday
        214 words
      • 889 43 THIS report, complied by Cockett Marine OH Ltd. show* price range* In US dollars Instead of single prices tor a more comprehensive description at the market Prices shown are baaed on averagesited stem Market movements are lndlcat ed The Cockett Bunker Price Index change and the
        889 words
      • 457 43 Carta* MO Ma 9*2.9 03 15.4 0.08 75 0.07 jNn DmhNt ttator >111*11 Art Mrtla Silim Mo Mom £25 3 0 1 0 0 0 1 rrr mom 9084 02 um om o 42 Lam 390 Mil 9914 0.9 174 0.12 00 0.09 WW »M/H »MW
        457 words
    • AIR & LAND TRANSPORT NEWS
      • 288 44 AFP [NEW DELHI] India's oldest car maker, Hindustan Motors Limited, said that it would launch a rural transport vehicle by the end of this year. C K Rao, marketing vicepresident of the company, said the vehicle "can carry both passengers and cargo" and
        AFP  -  288 words
      • 419 44 FT [NEW YORK] The strike at a Detroit engine plant that shut down a number of Chrysler's assembly lines this spring cost the company US$73O million (Sfl.O billion) before tax. The effects of the dispute, along with fiercer competition in the US car
        FT  -  419 words
      • LOG Book
        • 68 44 Reuter [WASHINGTON] Hie Federal Aviation Administration ordered more information be collected by digital flight data recorder*, amove that should aid accident investigation*. The new rule will have its greatest safety impact on aircraft manufactured before 1991 with more than 30 seats. The number of
          Reuter  -  68 words
        • 64 44 Bloomberg [HONGKONG] China Eastern Airlines Corp yesterday denied it Is to talks to bay mainland airlines, saying plans to acquire other carriers are at an early stage. China Eastern's statement cams after the country's Civil Aviation Administration raised domestic ticket prices on July 1, sparking
          Bloomberg  -  64 words
        • 74 44 Reuter [GENEVA] TAG Finances SA said TAG Group would acquire all the operational activities of privately-held business jet charter and management company Aeroleasing Holding SA in early 1998. Financial terms were not disclosed. TAG Group, the controlling shareholder In watchmaker TAG Heuer, distributes Canadair products
          Reuter  -  74 words
      • 509 44  -  No compromise deal acceptable, says US carrier, which supports tom* of sanctions By Marcus Hand [SINGAPORE] Northwest Airlines is standing firm on its position that an open skies agreement between the US and Japan is the only way forward as the airline celebrates
        509 words
      • 54 44 [SINGAPORE] Marking 50 years of service to Asia today, Northwest Airlines created the "World Plane" project, a B 747-400 with the artwork qf 19 children representing their city reproduced on the side of the plane. Included in the renditions of the children was 'My Singapore' by
        54 words
      • 247 44 AFP [TOKYO] US car giant General Motors Corp has agreed with its Japanese affiliate Isuzu Motors Ltd that Isuzu would develop diesel engines for the GM group, an Isuzu spokeswoman said. "We have agreed with GM that Isuzu will be in charge
        AFP  -  247 words
      • 433 44  -  It will have annual handling capacity of 170,000 tonnes By. Marcus Hand [SINGAPORE] Singapore Airport Terminal Services (Sats) and DHL International (Singapore) signed a Memorandum of Understanding (MOU) yesterday for the development of the Sats Express and Courier Centre Two (ECC2)
        433 words
      • 383 44 Bloomberg [WASHINGTON! Nearly one year after the explosion of Trans World Airlines Flight 800, a key transportation safety official told a congressional panel that investigators are looking seriously at six scenarios for the possible cause of the crash that killed all
        Bloomberg  -  383 words
      • 1257 44 CITY* wan ETA FUSHT ETP AMaMt Offi 1930 0F82 2055 OwmiMb IIU5I07 1720 CZ3S4 0925 ***** 2220 SOW 805 S0>04 1020 AmtortM SO327 0005 6A092 0030 "J™ "JJ *Jjj CA897 1045 KLS44 0040 WI74I 08 VW740 KB 11*37 1455 KL838 2300 MtVd T0407 2105 T0400 0820
        1,257 words
  • Page 29 Advertisements
    • 17 29 »Hongkong harbour, j Water gives way "to new land Land reclamation threatens port environmentalists warn. Pag® 2
      17 words
    • 219 29 Japan most agree to open skies; riortnwest No compromise deal acceptable, says US carrier. HI r i. H IvVplv 'iwv W JMBhrrWuffMm, managing director of HaparUtyttfltafc 4 I w« leave Singapore for New York wt*re he will ho« a i I MOB $bnl,ar Posttto" managing the company 1 actMHas %0
      219 words

  • Page 30 Advertisements
    • 716 30 1 vesa vor on van m u sm >V msa vwr ju aw mm mi ax m OBSMUJBMY MWSM M/M Mt M/N M/M 1//»7 I Willi—i uT 17/ M M/M M/M N/M i>/M IS/M HOMRMMOPHSS IMBM M/N M/>7 M/ 17 M/M M/»7 RMNMBMY IS 44/47 M/ 17 M/M 11/17 17/17
      716 words
    • 540 30 U* A Mfvtoas rapfMMHK by Mwnbare o< *w Ragtty of uHSVfj AocndHad Shipping Aganta, S"poi« Nakvwl SNpping Ano MMntMIBOftW AtncMon. lAL Container Line (UK) Limited •i.i Aijc Marine Transport Resources (Si Pre Ltd Tel 223 8380 Fax 223 8387 Put Us On Your Agenda". Weekly to the Indian Sub-continent and
      540 words

  • Page 31 Advertisements
    • 891 31 PAQRC SOUTH WEST EXPtISS (DMECT) AISO ACdFTING MAMAUS VIA lAX/HOU I Ivwlwalswtttlswnpiutf m j woo |oo htc j «i hou wot SU mow* oi« «y/y */v io/g »/g »/v 30/07 31/37 I 3i/»7 I »/v I 30/07 I ssy* scbg «£lisississ\*Z|£s S5 Us ps BSH mm Mil M/Bt 3>/V 31/17
      891 words
    • 2103 31 (g) HANJIN SHIPPING utA itfdwMi/voT 1 imi |9i I —s |ml m top Icm ott i m ina mih ins ink ■|m m mimim tll -m*m I 14/17 117/17 |vm M/M M/M M/M 11/ M M/M 11/ M U/M 11/ M jjfl IS/M U/M |w/M U/M H/M 111/ M 11/
      2,103 words
    • 99 31 (rvwrm ORIENT EXPRESS UNES (U.K.) LIMITED Offf. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SIMGAPORE/MUMBAI (BOMBAY) SHUTTLE VCSE VOY SWGAfOtI lOMAT VCSfI VOT MKff SMCtfOK JUTHA RARICHART 004 16/07 25/07 JUTHA RMBCHART 002 07/07 15/07 OPCI ADMIRAL 003 22/07 30/07 OOCI ADMIRAL 001 14/07 22/07 MEGHNA 827 30/07 07/06 MEGHNA 826
      99 words

  • Page 32 Advertisements
    • 954 32 <jT DSR-SEHATOR jjfifc Round the World Container Services TOUK/CONTINKNT FROM UTOONnNPn* IM«ML WTmm m 3CB —MT73I 11 §7 ftH 17.18 M.H CHOYANG VICTORY 5731 24.M 29.M 27.• 2S.M 21.H M.97 Sr* 17.17 MUM st rrrettiuiw senator kt» mm rr «r mm mm n.* HNUM TOKYO 71«7 11* CHOTAIMMM R7* MM
      954 words
    • 776 32 NORASIA I QOA LAB BCL VAL ALQ HOT IMX AlfT PWL LHA I NORKEL (7274 IBM 7 MM 91/17 M 12M IMI MM MM IW M M HKCSOPWE 972 M 22M7 HM B7M IIM 1»M 2MI liM MM HM 1M ISM I MOR&HANQ4M 972W HI7 MM MM 17M 2MB 27M
      776 words
    • 541 32 UNI ■F J mi aaaaaM MXt i»iM7 vissa voy n® n* vnsa voy rrt ra SfOtf NMftA SPOH in SMfcSOff VI7I/07 14/17 10/07 MftGUMT VI7I/07 U/07 10/S7 jnosni vi«/ 07 a/v n/w j hosts vi«/ 07 a/17 a/47 tntoanr vis/v H/o; a/o; mam vis/07h/07 jpvospb nn/n n/w ii/m jmn vin/w
      541 words

  • Page 33 Advertisements
    • 991 33 iißtagi ufty SIN POU PKO PCH BLW PA ESSES" SS:!iS mm S; IRAN OHEYAMAT PJL-1238 21/00*7 I 20/06/97 I MAN YAMM PJL-1226 10/06/97 zwim/Mi ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND A CIS COUNTRIES LE.A^BAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TADZHIKISTAN A GEORGIA VIA B. ABBAS, BIK AGENT ISWGAPORE AGENT fi
      991 words
    • 1332 33 ii/ 7 1 HHP SIMGAKHI'S GCmU MWTS: t SHCKTON W*T IU: 1M IWO MfcMMJM OUIWUDd/U 4305M2 OHI® COJTAt SHIPPING FTC LTD w-mmsmk suis/ws ;»wi/«i JJM/m COSTM >HD Q NO: *****W0000W TOWB TWO (04M0f) COIiVBITIOIUt _^__4?05l50/55__T/SHfllT_DlfT__^__4gSttS___IE^fljM$Wjtttlb02^y*3S3liyt^_^_| wm ra —INKS M DA MO m ML w >« wtw HRIQW M I MOMMMS
      1,332 words

  • Page 34 Advertisements
    • 1130 34 SOP ROM ANW HM TMP ZEE LHV I LHV TUP ROM ANW HM PKL MP E. ROUNO RW-tZ7 IM7 HM ISM M« 11« IMR I 22?S£ 22 22? £2? 22? US 22? 2£ E. RENOWN RW-024 MOT 15AM »M 11/ M 1»M IR/M *MI 22! 5£ 2S Sff 2£ 22
      1,130 words
    • 887 34 vfssa VOTMf WMMWMHUIIWtUI VBS& VOTMI MM MA M NIM I IiMM K«W 17/ V 17/ V 17/ V *V »/V W TVS Jl/V WCWOT 04*1439 0407 0407 07/07 0407 01/17 11/17 I IIMVOU OOIIFVOIN V/V V/m 07/W IMCOKMO 0447-03* 11/07 IVV 14/17 IS/17 lt/B7 70/07 I •Al»accap^FCLtpDoh«.Stwi^vteft^Mu«c«l(M>i>Qat)ooe)jj>AbuPwM.Riya l »v«iDOTWOT lEVHUVW
      887 words
    • 358 34 npk NANTAI LINE j FUUY CONIAMBISa SfltVKI TO MAUKITKIS SOUTH AFRICA rasa I ¥0T I aw nil or WMaiWKE Pits 17/17 urn IVW mmvm un vm ww ww ti/w aoiy oits ivw ?5/w nm no MMBMPBKBS 41tt 2VM 07/W jig MBM4MB PHS Wm PUf 11/W 17/W matmM wis ww \im
      358 words

  • Page 35 Advertisements
    • 550 35 BSAI Imm MYANMA WUi FIVE STAR UNE f (HymlMMIiH) Lm«H l« VBSa VOT SM P«6 PBI Ktt PMM M4W 0» NMMN 141W Sli ■MAT9A AMNTSc MIISIIAO 9WMB AMNOB Ok m M-M-*****M WL IE M-03-3744M1 POfc m 01-44-MH44I NM IE 4M7-ISIIMI/4 BANK LINE (Awnfc«tlta4rrß>W*sMpHMr I WOKTHtOUNO TO UICC v MumposiNtosavia VBSE
      550 words
    • 996 35 ▲HYUNDAI MERCHANT MARINE CO. UP. hactn VDY LH ITM 4RI IH HI S«Sm K iw »/•> jj/JJ fi/S ■i mm MMf M/ 17 M/M 17/04 W/M W/M Ot/OO SSLmx 5E 3/5 5/5 iw .m; u/j. ww M/w RTMMM MMT d/M M/W H/W »/W M 14/11 H/W EASTBOUNP TO FAR EAST
      996 words
    • 523 35 /ji FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 UNES) wa Piff H—at- wwwHnlii.LWi.ta fftt MORBt:FAMOUS LOGISTIC (M) SDN. BHD. (Co. no. *****P) NO. 30 LORONG CEMPENING ***** PORT KLANG, SELANGOR DARUL EHSAN MALAYSIA TEL 603-*****33 (20 UNES) FAX: 603-*****33 (05 LINES) COMPREHENSIVE SAIUNOS TO
      523 words


  • Page 37 Advertisements
    • 48 37 To retrieve more schedules, Just follow these simple steps... s K p* document M> ia 740-6000 ep ill be the port Ste Step key in the four number digit code Key in your Exampte: <\ I fax number To NEW YORK (HYC) 2275 for palls within Singapore Cf StQt&3
      48 words


  • Page 39 Advertisements
    • 358 39 W^lclyLaAFCL fODICaI S*rvk*s to Coribbaon SiTpiio A Cwttral Anwrica IAPISMGATORE API JAfIAN 015E 017E Coortry 16/07 23/07 WaQy Ma 19/08 26/08 Barbados 22/08 29/06 Cwlnyiu Colombia 21/08 28/08 CatfhM St. Lucia 21/08 28/08 Fort da Franc* AAartiniquo 22/08 29/08 FfMpcrt Bahamas 17/08 24/08 IGngrton Jamaica 19/08 26/08 foinlt a Pilrv
      358 words
    • 908 39 ADVANCE CONTAINER LINES (PTE) LTD™ A I I 140 Cadi StrMt, #12-00, PIL BuMlng, Singapore *****0 TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********0E kjMMk iJJUUWA tssxiSLVse** 1 siwjasss Bl i»ni—' vpit Ivor m jkt m ,o/nV cJ~ r»/n7 SMABNUSA 959 16/07 V*d 18/07 Fn 15/07*3 JtoAAjy!
      908 words
    • 748 39 uriwri n wy T«m jcd I psd I uw I hmi htm thp anr vmotcAfexA raw 17/07 nm mm or/at gag wb 11/oe imb vugpguawA mw mm 3M7 oms wos 11/ os imb was was VJ-ECTAQUaWUS UglW 27/07 08/ OS QBWB 17/08 na aO*» gg 22/08 V-LE PC TAURUS A2IW
      748 words

  • Page 40 Advertisements
    • 920 40 a»i.4m>« I PT K«LAHO ***** fvOY BKK VESSCL I VOY I QURU BHUM 7787 Tim In M W»d 14/07 BAM BHUM 54N Tu* InPt |__S«t !*5L_ QURU BHUM 77M TThi 17/07 Ffl 18/07 QMSAMUT 8R8321 Wd 18/07 I Sat 18/07 B.MAS ENAM tS Si iSJoT" "jST" ~^o7 MA THU BHUM-
      920 words
    • 604 40 UNE POL INTERNATIONAL •JZ KM m—o m tgm Ml Mm. MMWOIKH *SK/m yy, VOT I SM I JtT SM 'inniftvui 141s I If/07 I SAT 1 21/17 I WtP I Zl/P/ 1 19 t I l i?_ t 1 j__ t __zt Tl'l AAfltix NAftA iBB 1 mm i*/07 i
      604 words
    • 783 40 A ACCORD A SHIPPING PTE LTD TH: *****56 (40 Lin*«) FAX: *****46 FOOT CUM <U) U7IMI J Mk DMSCT ACCSSS TIL: *****57 (EXPOOT BOOUNO) nMGUUm (97) UIIV7 225Mt 7 (EXPOOT DOC), *****44 (IMPORT) FBUW M«IMI UOIjHTTPi//WWWJkCCOOO.COM.SO MKWA (It) ***779 WUW poti ro sm row msm pokt msm »o«t msm (FAR
      783 words

  • Page 41 Advertisements
    • 434 41 SIHO IXPRISS SHIPPING AO 11 COLLYEB QUAY *06-01 THE ARCADE itSINOTRANSI 8 (*****7). TEL: *****90 FAX: *****98 >■——/ TLX: R*****1 BINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI NORDSUND 970? 18/07 24/07 28/07 NEW HAIHUN6 9706 25/07 30/07 04/08 GOOD WELL 9720 01/08 06/08 NORDSUND
      434 words
    • 274 41 SSQKK feSawwr SJSS^S^'Smm HKRANQ:OT>wa»77 JKft (21) WOlff? MP* (B1) 544tt$ EX MCG TO HONGKONG lIX PK9 TO AUCKUUID I K.VAK/TK111,,! MV -GLORIA r V.728N MV "ARDMORE" V.207 MV"B UNG 241 ETA PKG: 20-7-97 ETA PKG: 17-7-97 ETA PKG: 20-7-97 IWW <•»"' HIKW/ VtVtN/CHKKYI Til (03)*****77 i musmne/sypney/meibomSi] aucklahd MV "MYK
      274 words
    • 140 41 jSHpj||j|p||k ■sv TRADER 20*07 25/07 NanffidmrAtwA* I muRATKIRAN 10/08 NwVßdrrVAtw/BmnAJK I storm WIND 15/08 18/06 NarVßdrrVAtw/UK I Loads E7W Mataytta. IndorMMM I ■sea RESOURCE Hodaidah/Jaddah/Aqaba/Egypt I ■c KAPTANOGLU J«ddah/Aqtf)a/Egypt/9yria I ■ARETUS Dub«/BahrarvT>amrnarVXuwait I ■MULPHA SIBU OubM/Bahrain/DammarVKuwait I ■uOiAS Jaddah/Aqabai/Algeria I Toads Stngapom. EJN. Malayaia. Indonaata I ILoadr^tor ■pan QUEEN LoaAngataa/NawOrtaanOwtaakxV
      140 words

  • Page 42 Advertisements
    • 306 42 Shipping Times '"SUSINESSCENTRE 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. r.u 7An /;nnn sutft Pr P w 1" kev in Document Code
      306 words
    • 323 42 OuTo H Products Services Turnkey Fodory Automation System Automated Storage and Retrieval System Automated Guided Vehicle System (AGV) Engineering Services it IH»L« -**m 1 I p i V I r 0 Kmßlyhn Jib. MPj Muhi-storey warehouse; Hk»avwh»l3 10,000 square metres currently available (1,800 to 2,000 square metres per floor) P.
      323 words

  • Page 43 Miscellaneous
    • 125 43 LEGENO: R Thunderstorm T-mprotur. c X\ A owef Wtothtr _X Wind direction with sp««d in knots V Cloudy Sky Wove h*ght Serfoce IMI or* indicted by orrows wind) Hy with tfce wind On* fui circJ* represents calm or light and vortabW winds 1 On* hoH Heche represents 5 knots I—One
      125 words