The Business Times, 12 September 1997

Total Pages: 48
1 48 The Business Times
  • 9 1 THE BUSINESS TIMES MIT A (P) 023/12/96 85t SINGAPORE
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  • 681 1  -  Committee chaired by A-G set np to review legal needs in the financial sector By I Catherine Ong [SINGAPORE] The government is considering opening the door to allow foreign law firms and foreign lawyers to practise local banking and corporate law in
    681 words
  • 536 1  -  He is bullish about region's prospects after forex crisis By] Larry Wee [SINGAPORE] In a move that will surely boost Singapore's continuing efforts to be the region's premier financial centre, Standard Chartered Bank's new global head of Treasury, Mike Reese, has elected
    536 words
  • 327 1 Drop in private consumption after sales tax hike blamed Reuter (TOKYO] Japan said yesterday its economy shrank by a surprisingly large 2.9 per cent in the April-June quarter mainly due to a drop in private consumption after an April 1 hike
    Reuter  -  327 words
  • Article, Illustration
    78 1 [HONGKONG] Hanging by a rappelling rope, a security officer checks out security at Hongkong's new Convention Center extension, where the June 30 handover ceremony took place and where next week's IMF/ World Bank meetings will be held. Officials and analysts say a successful hosting of the meetings
    AFP  -  78 words
  • 240 1 [NEW YORK] The Dow Jones Industrial Average lost more than 100 points in early afternoon trading yesterday after falling 132 points or 1.7 per cent on Wednesday. Weighed down by earnings jitters and a weaker bond market, the benchmark index was down
    240 words
  • Page 1 Advertisements
    • 119 1 fpilf BfcM Malaysia's coodo prices down Condo prices in Malaysia fell 4.6% in the first half of this year. Deputy Finance Minister Wong See Wah attributed the continued downturn to foreign buyer levy and to overbuilding by developers, Pg6 Aria's Gorparate Leaders Tm a simple man," says AHIM Co chairman
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    • 22 1 EB// /T yirjf/i 44 ™> f C I 3a HV^H xdvL^BP^BFriciy^Hß^iT^^^^PF^lß^^Sv^S^^ r I 1 H^l r > I *t«SSs^^^s3fWl-3IWI WaU hrs-.lrweller) Perfume-Arressnrir* '9 1
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  • SINGAPORE AT HOME & ABROAD
    • 279 2  -  Ridership hits all-time high of 318 m; fewer complaints received %< Christopher Tan SINGAPORE MRT Ltd (SMRT), operators of the mass transit system here, posted a 20 per cent rise in after-tax profit to $161.5 million for the full year elided March 31,1997. The
      279 words
    • 287 2 It cites recent forex turmoil, but says NT Cotton Exchange has sole discretion Reuter [SINGAPORE] The Monetary Authority of Singapore (MAS) said it would prefer a delay in the listing of a Singapore dollar futures contract by the New York
      Reuter  -  287 words
    • 446 2 Boosting trade and economic ties to be a key topic on agenda The Straits Times [MEXICO CITY] A 19-gun salute greeted Prime Minister Goh Chok Tong when he arrived at the Presidential hangar of Mexico City airport for the start of a
      The Straits Times; ALPHONSO CHAN/ST  -  446 words
    • 288 2  -  EYE OH THE ECONOMY Jobs By: Frances Lui LABOUR demand is growing at a healthy pace if the volume of newspaper recruitment advertisements is any indication. Job ads volume in Singapore Press Holdings publications grew 13 per cent in August, the same as
      Source: SPH  -  288 words
    • 389 2  -  Official Assignee can discharge those with debts below $250,000 By Siow Li Sen UNDER increased powers of the Official Assignee (OA) which will come into effect on Monday,about two-thirds of bankrupts can look forward to an earlier discharge.
      389 words
    • NEWS Roundup
      • 95 2 THE government has awarded contracts to seven IT suppliers worth $40 million Computer Board (NCB) chief information officer. Tan r.hiam Hunt said yesterday. The actualiotal value on the take-up rate by gDUtoHBiaatttottfe for theCfc contracts, which are from Sept 1 to May 31
        95 words
      • 97 2 CITYCAB has again emerged tops in overall rankings of the Land Transport Authority's second taxi performance appraisal, conducted between January and June. However, it still had the highest accident rate (only accidents where drivers are at fault are considered), and complaints rate among the
        97 words
    • 426 3  -  By< Jenny Lam LONDON retail brand Burberrys, best known for its classic rainwear, is gearing up for aggressive expansion in the Asia-Pacific with plans to double the number of outlets in the region to 400 in five years. Businessman Henry Tay,
      ARTHUR LEE  -  426 words
    • 347 3 Bulk of proceeds will pay for 5% stake in Tekka Corner project GEMA Holdings Ltd, an investment vehicle set up for the Malay/Muslim community, is offering 10 million shares at $1 each tomorrow to raise funds. The offer comprises 2.5 million shares for
      347 words
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  • Page 3 Advertisements
    • 183 3 .%< ORCHARD Master conspiracy takes shape at the Orchard Unveil the mystery. Step into the all new Orchard Cafe i I orchardOhotel SINGAPORE J 442 ORCHARD ROAD. SINGAPORE *****9. TEL: 734 7766 FAX; 733 5482 E-MAIL orcharde^singnet.com.sg A member of the COL Hotels Croup a J A A m With
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  • ASIA'S VOLATILE MARKETS
    • 480 4  -  Super corridor project to go ahead; ELSE index drops 3.4% From Meera Tharmaratnam in Kuala Lumpur FINANCE Minister Anwar Ibrahim yesterday signalled that further measures to tackle the current account deficit would be unveiled during the October budget, but said that
      480 words
    • 488 4  -  Analysts expect central bank to loosen monetary policy of March elections From S N Vaauki in Jakarta TWO prominent analysts warned yesterday that though the Indonesian economy was in better shape than Thailand's, the tight liquidity re- gime endangered the country's rrTinnmia pfOiprrtn But they
      488 words
    • 374 4  -  Froh Al Labita in Manila PHILIPPINE stockbrokers yesterday bewailed plans of corporate watchdogs to crack down on foreign funds for the stockmarket's woes. "They are just looking for a scapegoat," Angping Securities research chief Wilfred Son said, referring to the Securities and Exchange Commission (SEC)
      374 words
    • 173 4 Bloomberg [JAKARTA] PT Bakrie Investindo, a holding company for the interests of Indonesia's Bakrie family, said it was one day late in repaying 25 billion rupiah (5512.83 million) of commercial paper sold through Panin Bank. The principal on the note was originally due
      Bloomberg  -  173 words
    • 347 5  -  Move part of Moody's foreign currency ceiling rating review From. Harish Mehta in Bangkok MOODY'S Investors Service has placed under watch the senior debt rating of Thai state oil firm PTT Exploration and Production International (PTTEP) for possible downgrade, just one
      347 words
    • 205 5  -  Business strategist Ohmae says crisis due to people losing trust in own currencies From Louis Beckerling in Seoul THE turmoil which decimated exchange rates of South-east Asian currencies last month was caused not by rogue speculators elsewhere in the world, but an enemy within. This
      205 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
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    • 7 5 Management guru defends Korean workers, Pg 13
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  • SOUTH-EAST ASIA
    • 607 6  -  KUALA LUMPUR Deputy finance minister puts decline down to foreign bnyer levy and overbuilding Reports by Eddie Toh CONDO prices in Malaysia weakened further in the first half of this year, tumbling 4.6 per cent amid an overall property slowdown, according
      607 words
    • 257 6 PRICES of residential properties in several key areas showed a slower pace of growth in the first half of 1997. Similarly, the number of transactions in those areas grew at a much slower rate. According to the latest National House Price
      257 words
    • 374 6 KUALA LUMPUR But Anwar won't say if ABB will get compensation over deferred project FINANCE Minister Anwar Ibrahim yesterday said the government hopes for an amicable settlement to Ekran's termination of its contract with Asea Brown Boveri in the
      374 words
    • 308 6  -  PASIR GUDANG By: Ronnie Lim SIEMENS, earlier shortlisted for Malaysia's controversial Bakun dam project, is interested in reviving its bid for the Msls billion (557.7 billion) mega deal, Siemens officials said yesterday. The managing director of Siemens Power Generation Asia Pacific, Hans-Jurgen Schafer,
      308 words
  • Page 6 Advertisements
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    • 18 6 A YTL power station to tap Spore demfiWiZ£g 21 T Lbhhmbhhhmhbhbmhhhi ml Ki II I llllHSw v- 4
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  • CHINA-HONGKONG-TAIWAN
    • 559 7  -  15th COMMUNIST PARTY CONGRESS Spokesman quells talk that amendment of party constitution will recreate the chairman's post By Lu Ning in Beijing ONE day before the official opening of the crucial 15th Communist Party Congress, a party spokesman all but ruled
      AFP  -  559 words
    • 214 7 BEIJING Reuter CHINA yesterday issued details of its tighter controls on exports of nuclear equipment and materials, requiring all such overseas sales to be authorised by the State Council, or cabinet. The regulations were issued "to strengthen controls on nuclear exports and to safeguard
      Reuter  -  214 words
    • 431 9 WASHINGTON He says best way for US to help HE is to improve relations with China Reuter HONGKONG'S chief executive on Wednesday refused to give ground on a proposed election law which critics say undermines democracy in the former British territory.
      Reuter  -  431 words
    • 425 9 HONGKONG Low value accounts lor export boom; unit faces upward pressure AFP AS ASIA reels from currency meltdowns and massive devaluations, the Chinese yuan remains an island of stability in a shell-shocked region. The yuan has been immune from shocks as it is not
      AFP; FILE PHOTO  -  425 words
    • 233 9 BEIJING Reuter CHINA yesterday introduced a new twist into an ongoing battle with foreign investors over an unpopular capital goods import tariff by saying it might grant preferential import policies to high technology businesses. "China is considering readjustments in customs duties
      Reuter  -  233 words
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  • Page 8 Advertisements
    • 1344 8 BUSINESS Notices Insurance company of north americal I NOTICE I I (Pursuant to section 50(1) (b) of tho Insurance Act, Chapter 142) I Notice is hereby qiven that a Scheme dated 11 August 1997 to effect the transfer of. inter alia, the general insurance business of the Singapore branch of
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  • ASIA
    • 368 13  -  SEOUL Hyundai chief blames workers for faltering economy bat Ohmae arrows management Reports by Louis Beckerling MANAGEMENT guru Kenichi Ohmae came to the defence of Korean workers here yesterday, after they were singled out by Hyundai chairman Chung Mong Koo as the
      368 words
    • 141 13 SEOUL SCEPTICS who believe South Korea's "economic miracle" may be ending will be proved wrong, said the country's President Kim Young Sam in Seoul yesterday. Speaking amid tight security ahead of impending peace talks with North Korea next week, Mr Kim told delegates attending
      141 words
    • 212 13 SYDNEY Bloomberg THE Australian dollar plunged as much as one US cent (1.5 Singapore cents) to its lowest in more than two years after a report showed employment unexpectedly fell in August. The economy shed 38,200 jobs last month, compared to economists'
      Bloomberg; AFP  -  212 words
    • 232 13 TOKYO He also gives cabinet post to a graft-tainted former vice-minister AFP JAPANESE Prime Minister Ryutaro Hashimoto reshuffled his cabinet yesterday, naming a new foreign minister while giving a cabinet post to a scan-dal-tainted veteran. In his third cabinet, Mr Hashimoto named Keizo
      AFP  -  232 words
  • Page 13 Advertisements
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    • 342 13 Notice Notice is hereby given that we, the VRYHOF ANKERS group of The Netherlands, are the sole designer and manufacturer of the STEVPRIS type of anchors which design has been patented in several countries all over the world. We are amongst others the registered proprietor of the relevant European Patent
      342 words

  • THE WORLD
    • 469 14 WASHINGTON Senate panel probing fund-raising abases summons national security adviser Reuter THE US Senate committee investigating campaign fundraising abuses hammered Vice-President A 1 Gore on Wednesday and summoned National Security Adviser Sandy Berger to testify yesterday. Meanwhile, Republican representative Dan Burton racheted
      Reuter  -  469 words
    • 247 14 BERLIN Reuter THE German central bank stirred up debate about the 1999 launch of the European single currency yesterday but Chancellor Helmut Kohl said he was confident it would start on time. Bundesbank chief economist Otmar Issing re-opened the issue yesterday by saying that
      Reuter  -  247 words
    • 171 14 WEST BANK AFP A DOWNBEAT US Secretary of State Madeleine Albright said yesterday that her first round of crisis talks with Israeli and Palestinian leaders had left "a long way to go" before the peace process could be revived. Speaking at a
      AFP  -  171 words
    • 379 14 WASHINGTON Net foreign purchases of Treasuries down, foreign buying of US stocks at record high Bloomberg THE US trade deficit in goods, services and investments narrowed to US$39 billion (Sss9 billion) in the second quarter, the Commerce Department said yesterday. Net
      Bloomberg  -  379 words
    • 230 14 LONDON But analysts divided on Bank of England's next move on rates Reuter THE decision by the Bank of England yesterday to hold interest rates was widely expected but analysts were divided on the bank's next move. "The economy is still gaining momentum too
      Reuter  -  230 words
    • 843 15  -  EUROPEAM VIEW The BA-American Airlines deal is still stuck In EU gridlock but the banana question has been settled By Kevin Sullivan CHARLIE Chaplin was once asked how he would breathe new life into the comic cliche of a man slipping on
      843 words
    • 288 15 WASHINGTON Bloomberg THE US Senate dealt the tobacco industry a major defeat yesterday, voting 95-3 to repeal a US$5O billion (Ss7s billion) tax break that tobacco companies want to use to help them pay for a proposed U*****.5 billion liability
      Bloomberg  -  288 words
    • 154 15 NEW YORK AFP A SMALL US company has developed a laser device it says celebrities can use as protection against intruding photographers, the New York Post reported on Wednesday. The device has been given the name Eagle Eye. It wraps the wearer in laser beams
      AFP  -  154 words
    • 225 15 WASHINGTON AFP FRAUD on the Internet is skyrocketing as more business is done on the World Wide Web, a consumer organisation said Wednesday. The National Consumer League said its study showed almost 700 complaints of Internet fraud in the first seven months of 1997,
      AFP  -  225 words
  • Page 14 Advertisements
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  • FOCUS
    • 1170 16  -  Financial sector needs urgent overhaul, but economic fundamentals remain strong, says study Leon Hadar IWASHINGTON] CONTRARY to the analysis of doomsayers in the Western press, the Asian economy, and particularly its financial sector, remains quite robust, a new study issued by the World
      REUTER  -  1,170 words
  • Page 16 Advertisements
    • 147 16 World Bank at fault, Pg 17 I Different. Understated cbic. An original by Philippe Starch. Foal Avenue Third of the Quartet. Near Holland Village, this garden bungalow sits on about 15,200 sq ft of prime freehold land with ,Lj^PPf^^A 411^ 65% of area dedicated to lush gardens. A superb blend
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  • EDITORIAL & OPINION
    • 689 17  -  vTHB BOTTOM UME OPINION %Bv Lee Boon Keng The writer is a lecturer at the Nanyang Business School, NTU IN A SPEECH to top economists gathered at Stanford University to celebrate the 15th anniversary of the Centre for Economic Policy Research, Alan Greenspan,
      689 words
    • 164 17 4 lf you're on the buy side, there are going to be so many roadshows that you're not going to have to pay for breakfast or lunch for the next month.' -MKrkMI an analyst as more than 50 companies are lining up to sell as much as
      164 words
    • 700 17 EDITORIAL OVER the past week, regional currencies and stockmarkets have stabilised in the wake of what could be called "market-friendly" policy announcements by Southeast Asian finance ministers. It is tempting to conclude from these developments that the time of crisis in the region is
      700 words
    • 1052 17  -  Bank damns itself when it charges that millions in East Asia miss ont on region's economic miracle By, Anthony Rowley The writer is BVs Tokyo correspondent A MIXTURE of gall and spleen appears to have prompted the World Bank to publish a report challenging the validity
      FILE PHOTO  -  1,052 words
    • 827 17 ■o tarty wd to tkfthasa THE Indonesian government and those of neighbouring countries have been extremely worried by the serious impact of the haze coming from burning forests in Kalimantan and Sumatra. But those involved in the making of the "environmental apocalypse" apparently remain unrepentant. The
      827 words
  • Page 17 Miscellaneous
    • 66 17 DOOHESBURY By Garry Trudeau AS YOU Ail KNOW, IHAVB OF COURSE, ON6-OF THE MANY SHORTCOMINGS, OUTONE XfERENCE IN PEOPLES UU&.BUT\ VANTAGES OF AFFLICTION QH, PEAR... SOUL* OFTHEMI9NOTC/NIOSM. I \ONLYJF7HOSEOFUSINPUOUO I THAT I HAVE NO CLEAR IPEA OF pfpTWJ 7HERES stilcbeueveinthepossi' \sermce conxjcroußseiy&\ how UEiLite measure? up sounpukb the BtLITY OF
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  • EXECUTIVE LIFESTYLE
    • 801 18  -  ben mumroe reviews renditions of Dylan Thomas and Roger Jenkins BEN MUNROE THIS week at Writers' Week 1997, audiences were offered two similar projects which attempted to lift the written word out of poetic texts and thrust it out into the open, in this
      801 words
    • 895 18  -  COLLECTOR'S Item ANTIQUES The pieces, valued at over Sim, show how tastes evolved from 1644 to 1911 By Lu Chisen COLLECTORS and enthusiasts can look forward next week to viewing porcelain of the Qing dynasty when Oriental art specialist Spink brings in a sampling of
      895 words
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    • 159 18 ■"■''^^pj^^^^^^Mß^Hßß|B|W B IB B <r H K JH t! BB WiMWi I w IB B BB '3 J r iff di Mr r F B H B b pt I /t retreat to calm and tranquility. Fourth of the Quartet. Near Holland Village, this garden bungalow sits on about 16,600
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  • Page 19 Miscellaneous
    • 747 19 TV&RADIO Premiere 12 10.30 News 5 Tonight. TVI 11.00 Business Day. 12.00 NN Berita Jam 12. mmmr w r 1 2.00 PM TV Innovations. inn Friday Supper Treat 12.15 PMHawa. H 2.30 The Winners. Manhattan Murder Mys- 12.45 Bisnes Hari Ini. Hp" in 3.00 Money. Money, Money t ery (See
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    • 309 19 CRYPTIC CROSSWORD 1 Grub is set before the head. indulgence! (10) 9 Keep an eye on soft ooze (4) |^m"~ ~~iBB 10 Running water test of manu- Hh facture (10) THT^HH" -^BF~~^ 11 Finish an outstanding feature H HHB 12 Sort of elastic produced in 15 A wary individual where
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  • ASIA'S CORPORATE LEADERS
    • 1447 20  -  Rahim Co qualifies for a public listing but the stumbling block is legislation which precludes non-valuer shareholders, says nazatul ibwa NAZATUL IZMA Malaysian Business Rahim Co executive chairman Abdul Rahim Abdul Rahman says: "I'm a very simple man." It's a statement that
      Malaysian Business  -  1,447 words
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  • COMPANIES & MARKETS
    • 308 21  -  By' Teh Hooi Ling [SINGAPORE] Scotts Investments Singapore (SIS), the Jumabhoy family's holding company, has rejected Rafiq Jumabhoy's right to exercise shares in publicly-listed Scotts Holdings under a share option being disputed in court. Scotts Holdings yesterday said it was so informed
      308 words
    • 807 21  -  HOCK LOCK SIEW Teh Hooi Ling THESE are turbulent times for telecommunications companies the world over. Since the landmark World Trade Organisation pact was signed by nearly 70 countries early this year, barriers to the world's US$6OO billion (Ss9o6 billion) telecommunications market
      807 words
    • 562 21  -  Feasibility of 500MW dedicated plant, with supply via submarine cable under study By: Ronnie Lim [PASIR GUDANG, Johor] Malaysia's YTL Power is studying the feasibility of building a dedicated power station in Johor to supply electricity to Singapore via
      562 words
    • 375 21  -  Only 10% of pre-tax profit came from bus operations last year Froi Abdul Hadhi in London LISTED Singapore Bus Service (SBS) will continue to diversify further, group chairman Wong Hung Khim said here on Wednesday. He was speaking after a ceremony to hand over the
      375 words
    • 370 21  -  RAID ON SUMMIT Firm's cancellation of any dubious orders cited as evidence liy< Annette Pau [SINGAPORE] Lawyers for local compact disc maker SM Summit yesterday stressed that the company did not make pirated CD-ROMs, citing documentary evidence. Senior counsel Davinder Singh of Drew
      370 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 401 22 As part of group's revamp, Pantai will acquire Perdana Finance, Kestrel Sec Reuter [KUALA LUMPUR] Diversified Malaysian firm Tongkah Holdings Bhd said yesterday it is proposing to acquire all the healthcare assets and businesses held by its associate company Hospital
        Reuter  -  401 words
      • 232 22 [SINGAPORE] Diversified ma-rine-based Hai Sun Hup has bought the Powerhouse Boutique Hotel and two neighbouring vacant plots of land in Brisbane for A 519.9 million (Ss22 million). The 91-room, five-star hotel is on the corner of Hunt Street and Kingsford-Smith Drive in Brisbane. The
        232 words
      • 109 22 AFX-Asia, Bloomberg [JAKARTA] PT Bank Universal, a subsidiary of PT Astra International, will go ahead with its IPO despite currency and stock market weakness, but it cut the offer size to 250 million shares from 300 million, to be priced at 675
        AFX-Asia,; Bloomberg  -  109 words
      • 255 22 AFX-Asia [KUALA LUMPUR] Lion Land Bhd and Amsteel Corp Bhd have proposed to buy back 10 per cent of their paid-up share capital, the companies said in separate statements. Both companies said they are proposing to amend their articles of association
        AFX-Asia  -  255 words
      • 212 22 AFP [HONGKONG] Hongkong's leading construction firm Paul Y-ITC Construction Holdings Ltd said yesterday it would acquire a hotel site from Li Ka-shing's Hutchison Whampoa Ltd for HK$7OO million (*****.6 million). Paul Y-ITC will issue 104.2 million shares to Hutchison at HKS2.4O per share
        AFP  -  212 words
      • 383 22  -  It sees better 2nd half as income from 3 new projects will be booked By. Ang Wan May [SINGAPORE] Interim net profit of newly-listed Poh Lian Holdings dropped 23 per cent, but full year profit is likely to be better than the
        383 words
      • 419 22 It's expected to seek separate listing later for its China interests Bloomberg [HONGKONG] New World Development Co, one of Hongkong's biggest investors in China, is planning to raise up to USSI billion (Ssl.s billion) from private investors to help finance its own
        Bloomberg; FILE PHOTO  -  419 words
      • COMPANY Briefs
        • 116 22 [SINGAPORE] The weak electronics sector pushed down Fu Yu Manufacturing's interim profit by 22.4 per cent to $5.03 million for the period ended June 30 this year. Group turnover was down by 18.3 per cent to $86.59 million and earnings per share
          116 words
        • 121 22 [HONGKONG] Kerry Properties Ltd, a Hongkong-based property company, says it is borrowing the equivalent of HK$3.5 billion (*****.5 million) for five years from a group of 11 banks to fund its general working capital requirements. The two-part loan package is unsecured and the funds can
          121 words
        • 155 22 [SINGAPORE] Acer Computer injected capital of 66.15 million baht (552.9 million) into its associate company in Thailand. SV-Acer Company Ltd (SV-Acer) on Sept 8. The capital injection was made pursuant to a call on the shares of SV-Acer. The issued capital of SV-Acer
          155 words
        • 36 22 [SINGAPORE] Aztech Systems has on Aug 18 made a cash contribution of 8 million Deutschemarks (556.7 million) for the increase of the capital reserves of Aztech Systems GmbH, a wholly-owned subsidiary.
          36 words
        • 44 22 IN our report yesterday "RDC reaches settlement over 167 million claim", it was mentioned that RDC was ordered by the High Court to pay an initial sum of $10.78 million last year. RDC has pointed out that the figure should be $8.8 million.
          44 words
    • INTERNATIONAL COMPANIES
      • 450 23 Analysts say US MNCs could suffer, bat those that sell in US$ will be protected Bloomberg [NEW YORK) The economic crisis in South-east Asia crept closer to home for US investors as an analyst lowered earnings estimates for IBM, citing the region's
        Bloomberg; Source: Bloomberg  -  450 words
      • 368 23 Consortium develops system for faster and cheaper Net access NYT [LOS ANGELES] A powerful team of companies is mounting a direct challenge to a plan by Microsoft chairman Bill Gates to use cable television to dominate the Internet. Key members of the cable industry
        NYT  -  368 words
      • 305 23 Reuter [PARIS] Banque Nationale de Paris announced a 75 per cent leap in first-half profit to 3.04 billion francs (***** million) yesterday. The profit surge beat the best predictions of investment analysts, gave the shares a big lift on the stock market
        Reuter  -  305 words
      • 197 23 Bloomberg [SEOUL] Peregrine Investments Holdings Ltd said it is searching for a new partner for its Korean joint venture, dismissing its one-time partner's sale of its stake. Daehan Merchant Banking Corp, a unit of Sungwon Group, bought a 22 per cent stake
        Bloomberg  -  197 words
    • FINANCE & COMMODITIES
      • 242 24 FT [TOKYO] Fuji Bank is planning to cut its asset base by three trillion yen (5537.9 billion) as part of the most ambitious securitisation by any of Japan's top 20 banks. The sale is worth 50 per cent more than the
        FT  -  242 words
      • 310 24 Single regulator neetfted to oversee securities and banking Bloomberg [NEW YORK] Federal Reserve regulators should focus more on financial markets and less on deposit insurance, said a senior Fed official. William McDonough, president of the Federal Reserve Bank of New York,
        Bloomberg  -  310 words
      • 447 24 Lenders should start now to form global alliances, he says Reuter [VANCOUVER] The world is on the verge of a boom in mortgage financing and lenders should move now to form global alliances, Lawrence Small, Federal National Mortgage Association (Fannie Mae)
        Reuter  -  447 words
      • 214 24 SSKELReport Reuter [SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures headed higher yesterday after the release of weaker than expected Japanese Gross Domestic Product (GDP) numbers. Dealers said the contracts were pushed up on Simex following the release of the data, after the
        Reuter  -  214 words
      • 143 24  -  MSCI TAIWAN FUTURES By Charlie Kuo, By Charlie Kuo, service dealer, Refco Singapore Pte Ltd THE Simex MSCI Taiwan Index futures contract was influenced by the sharp fall overnight in US blue chips. Sentiment remained weak during the first half of the trading session,
        143 words
      • 284 24 ENERGY REPORT Reuter [LONDON) Oil prices edged higher yesterday as diplomatic niceties at the United Nations in New York held up approval of a resolution allowing Iraq to complete its side of the current oil-for-food deal. The benchmark North Sea Brent blend crude
        Reuter  -  284 words
      • 268 24 AFP, Reuter London THE dollar was mixed, dipping towards 1.78 marks on Bundesbank comments that the trend to lower inflation was over, but trading above 119.50 yen. Sterling was steady after the Bank of England left base rates unchanged at 7 per cent as expected. The dollar drew
        AFP,; Reuter  -  268 words
      • Article, Illustration
        1164 24 CTTBEBAWK OOS8 KATBS ZELiL AS CS ft* ECU Ffr Dm NKS MhtaM 1m *m M| Ml —8 Sfr IK Ptmi «tf ;:sr is asas stsssEpi ts a 1Si ST yg ts M» S 1:55 VS £5 £S °:S iS m 3 S*»25tB[ Frmct m 0.230 UW 0.152 0298 1216 40*9
        1,164 words
    • 1611 25 SICOM FUTURES Sept it RU88£R(MwMdosaqK<tS.30fM) RSS1 CONTRACTUS CMtsAc) Oom VoImm OpM Itortfc Htq* Low Sott (to—w) hrtarwt Od 97 ***** 133.00 ***** 1000 1425 Nov 97 07.75 1550 Dec 97 140.25 1950 Jan/Mar 98 144.50 5910 Afr/Jw 96 152.50 ***** -*/5ep 98 158.00 155.00 0100 150 4800 RSS
      1,611 words
    • 2217 25 iQHfttm Mistrials s*«t n fuel AB Pom Z7Z.4QO -2 Abbey M.itKMial 849 -6 A Med Domecq 460.400 -4 Amec 143.400 i*>ctl A uU Group 144.600 *2.200 BAT Ind 517 -4.400 BGPIe 265 600 BtCC 158.400 -3 BOC Group 1050 -4 BM WKM 876 -11 BTR 234 *16
      2,217 words
    • 1545 25 Reuter, Bloomberg Q Nikkei 225 -***** STOCKS ended sharply lower yesterday as shares of Japanese exporters were jarred by Wall Street's nosedive overnight and by concerns over upward pressures on the yen against the US dollar, brokers said. The key Nikkei 225 Average shed 422.54 points, or 2.26 per
      Reuter,; Bloomberg  -  1,545 words
    • Article, Illustration
      1601 26 Bloomberg §U Hang Seng -497J4 STOCKS fell for a second day, as investors fear China-relat-ed stocks may have risen too far in anticipation of China's 15th Communist Party congress. Both Chinese-state owned companies and mainlandbacked investment companies saw further selling pressure, after rising as much as 15 per cent
      Bloomberg  -  1,601 words
    • Article, Illustration
      682 26 Reuter Q Shenzhen B Index -0.59 CHINA'S share prices fell across the board yesterday as investors turned cautious and trimmed holdings ahead of a crucial meeting of the Communist Party, brokers said. Prices of foreign currency B shares closed lower under pressure from selling aimed primarily at the A
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  682 words
    • 348 26 Reuter QWP Index -30.08 SHARE prices closed lower yesterday despite the government's recent market-boost-ing initiatives, as the recently foundering electronics sector bore the brunt of Wall Street's overnight slide, brokers said. The Weighted Price index fell to as low as 9,027.88 points before regaining some loss ground to close
      Reuter  -  348 words
    • 260 26 Reuter Fl Wellington *2J56 THE market ended yesterday slightly firmer, lifted by another big surge in Fletcher Energy which closed up 26 cents at NZ56.62. The NZSE-40 Capital Index closed up 2.55 points at 2.487.66.— Reuter s«nn m *i- cooo) AN2 Banking 11.50 ♦0.02 3634 Advantages Hidgj 0 90
      Reuter  -  260 words
    • Article, Illustration
      822 26 Bloomberg H SET Index *1054 THAI stocks rebounded the first time in three days, led by banks and finance companies. Bangkok Bank, the country's biggest bank, and other banks led gains, accounting for most of the index's rise. Investors bet bank issues fell too far on Wednesday, after Moody's
      Bloomberg  -  822 words
    • 391 26 AFP fl Composite Index ♦ITS SHARE prices on the Korea Stock Exchange yesterday edged up 0.5 per cent on a rebound in large-capital stocks, dealers said. Investors remained cautious because of rising interest rates and on reports that distribution giant Dainong Corp was seeking court protection from creditors, a
      AFP  -  391 words
    • 598 26 AFP Q All Ordinaries -0.7 SHARE prices finished marginally lower yesterday in what brokers described as a sluggish day of trade dominated by disappointing unemployment data. The All Ordinaries Index eased 0.7 points to 2,665.8. The All Resources Index fell 5.8 points to 1,368.2 while the All Industrials Index
      AFP  -  598 words
    • Article, Illustration
      740 26 AFP Composite Index -1&88 SHARE prices closed 3.3 per cent lower yesterday, led by falls in large capital telecommunications and cigarette shares, amid regional weakness and a lack of incentives, dealers said. "Since those things (interest rate cuts, lifting of limitations on forward trading) did not happen, people kept
      AFP  -  740 words
    • 315 26 Reuter Q Manila -87.48 LINGERING political uncertainties and currency woes are likely to prolong the current weakness in the Philippine stock market, analysts said. The Composite Index tumbled 67.48 points, or 3.05 per cent, yesterday to end at 2,145.29 points, just off an in-tra-day low of 2,141.11. Traders also
      Reuter  -  315 words
    • KUALA LUMPUR STOCK MARKET
      • 8184 27 INDUSTRIALS CofiMnwr protects 1997 Last Vol Day N Cap High Low Company Solo 'OOO High Low P/t Smll 790 400 Aiinomoto 480 30 3 480 480 26.6 '94 6 448 231 tnguu 284 4 109 286 280 8 4 418.8 905 370 Apollo FooO Hlg 570 25 49 570 525
        8,184 words
      • 533 27 Reuter, Bloomberg CI Composite Index THE benchmark stock index dropped a second day, led by Tenaga Nasional Bhd, after the government failed to convince investors it will make a big dent in the current account deficit. On Wednesday, Finance Minister Anwar Ibrahim said Malaysia will
        Reuter,; Bloomberg  -  533 words
    • WARRANTS & OPTIONS
      • 3400 28 BONDS, LOANS ft WARRANTS m 199T Last Vol Day Last Quota A** H*h Lm Mm dim Sato aar- COOO) Lh Buy*' W» 68 30.5 m 3000 m AMDS c5 5******6 31 31.5 35 SI 41.5 3160 "Acar W0KH31USS 57 unch 29 57.5 56 56 57 131 43 3164 Ac ma
        3,400 words
      • 205 28  -  WARRANT WATCH ify R Sivanithy IT has been some time since we have featured a KLSE Second Board warrant in this column, so today's feature focuses on the warrant issued by Pembinaan YCS, a construction company. Before
        205 words
    • 2302 28 MALAYSIAN STOCKS Cr 6r 1997 Last Vol Day UrtOMta Mr O* VM Nat MC« L— Mm Ciw»«B| S* *h fOOOl La» Buyer S—«r C*w P/C S*«* 478 147 m s 5000 AJS8 SOc 222 «Kh IB 225 209 218 225 5.0 4.9 OA 50.5 227.7 137 54 ms
      2,302 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1651 29 TURNOVER fOOO) VALUE ('000) mhi cn» nmi mm cn» tk* Intuitrlal 61.906 35,774 97 .682 17J,5*0 42.253 215,633 fln*AC» 5,343 17.542 22.925 31.2*4 39.608 90,901 Hot.ti 1.294 1.234 2334 2.534 1.379 3.915 PrwrtiM 7,304 10,154 17,442 40.445 9,794 50.443 PtanUtkm 2.701 2.701 4.070 4.070 MMnq 272 272 455 455 BLW
        1,651 words
      • 5165 29 Gr Or M Wt 1997 LMt Vel Oay L*t Ouote Wy Wv YW Net Cap Avg Htgh L— SW 5* COOP) HH» L— Bwyer S—r C'VT P/I Smtl Met INDUSTRIALS 157 83 1020 ACE Dvnamics60c 91.5 *3 45 91.5 86 86 5 92 9 2 74.9 90 5146
        5,165 words
      • 1090 29 or Of mm 1997 Lul Val Day Lilt Ov«1« Otv Ot* VM Cap Htqh Law StNo Company SM C000> Law 8vyar Cw P/t *md Prtca SCSOAQ 186 76 a 2000 ABRHMasSc 133 SUSP 3.0 6.0 0.1 190.0 592 1» 412 144 a 2049 AS Auto 10c 360 id *20
        1,090 words
      • 231 30 Stocks Volume Asia FoodiProp 9,601,000 'Rekapacific Bh 8,383.000 •RHB Cap Wt99 7,104,000 •Berjaya Group 5,259,000 •Pub Bk Foreign 4,756,000 BBR Constn 5c 4,270,000 Hotung Inv MT5 4,045,000 SingTel 15c 3,969,000 *MBf Capital 3,517,000 SM Summit 10c 3,354.000 Stocks DBS Foreign 22.254,548 City Dev 50c 19,196,398 SPH Foreign 16,836,946 *Rashid Hussain
        231 words
      • Article, Illustration
        72 30  -  -bfl Shiv Taneja SM SUMMIT Holdings closed half a cent higher yesterday at 71-1/2 cents on a volume of 3.35 million shares, compared with its 10-day traded average of 3.45 million shares. In the near term, the counter is expected to experience some price weakness. Investors should use
        72 words
      • 717 30  -  STOCK MARKET COMMENTARY Further incentives to exit stocks come from Malaysian and HE markets; strong US$ casts shadow R Sivanithy [SINGAPORE] A poor response to the latest government land tender, a sharp correction on Wall Street that spilled over throughout the
        717 words
      • ON THE GRAPEVINE
        • 147 30 BANK of Tokyo-Mitsubishi, with assets of US$7l9 billion (551.06 trillion) in the fiscal year ended March 31, is the largest commercial bank in Asia, according to the 1997 Asiaweek Financial 500 ranking. The merged Japanese giant dethroned Dai-Ichi Kangyo which fell to third place with US$464 billion
          147 words
        • 100 30 A LOT of buzz can be expected from the telecoms industry in slightly over a week's time. Representatives from major regional telcos are due to converge here for the second Asia-Pacific Telecommunications Conference being organised by Merrill Lynch (Asia Pacific) on Sept 23-24. They include Keith Bernard,
          100 words
        • 90 30 WHERE have all the residential property consultants gone? A BT reporter phoned four different consultants from four different firms Richard Ellis, Knight Frank, Colliers Jardlne and Jones Lang Wootton and all were on leave. This being the school holiday week, we presume they've taken leave to spend time
          90 words
        • 105 30 TERRY Braunstein, a director of Strategic Decisions Group, a US management consultancy, has been invited to parties to celebrate the failed research and development (R&D) projects of US pharmaceutical firms. Mr Braunstein said US pharmaceutical firms, which have huge R&D budgets and departments, routinely reward and promote people
          105 words
  • Page 21 Advertisements
    • 122 21 IsbSmmSl A «r tej,^ TBBM| Fuii Save up to imported offiee furniture. £SM^X ■■MP' MM Don't miss this rare opportunity Effezeta L of saving 10% to 30% on all imported office furniture at Boss Design. So hurry down to either our Suntec or IMM showrooms. Promotion is from 22 August
      122 words

  • Page 22 Advertisements
    • 189 22 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. Another Classified Service This onnovncMWAt appears o» o moNef of record only Troowchoo owowih rounded to neoresi »Jlio« fqvrty Products F.«»d incom* As one of Asia's leading investment banking groups, Peregrine offers you incomparable
      189 words
    • 24 22 We hove highly qualified well-experienced Foreign Professionals/Skilled available: IT Professionals Mech/Civil/Electrical Engineers Accountants/Auditors Administrators Telemarketing Skilled Workers Above Resumes CV's are available on request
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  • Page 23 Advertisements
    • 99 23 </> WITH A DIFFERENCE We ocludly measured our rooms q and discovered that ours probably one of the most spacious you lgetat To make it an even better offer, we compliment it with: Coffee/Tea making facilities Qp 24 Hours iofwuse video Personal Safe Newspaper Swimming Pool usoge Subject to 10%
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  • Page 24 Advertisements
    • 21 24 Hj 3JBJ UlgSptSUaSf $USB9I ■HThis includes Deluxe toom, Breakfast, Tax, Service Charges, and many company IKI BRIDGE IP The Difference BRIDGE
      21 words
    • 165 24 Today in Lianhe Zaobao Resolving the F)ual-counter Controversy H Y *jr ow to H resolve the IS dual-counter controversy once and for all? The"Ford Model" may be the answer. Dr Jennifer Mao of the NUS has come out with the idea, and meticulously explains how this could be adapted to
      165 words


  • Page 26 Advertisements
    • 109 26 As you would expect, every Montblanc is crafted to transcend time. j^ißpr Meisterstiick Reserve de Marche 18K solid gold, in the finest tradition of Swiss craftsmanship. THE ART OF WRITING YOUR LIFE -*00f MONTIIANC •OUTIQUES SINGAPORE: N6EE ANN CITY #01 -32, RAFFLES (ITY #01-37 A MILLENIA WALK #01-24 MONTBLANC SHOP-IN-SHOP:
      109 words

  • Page 27 Advertisements
    • 48 27 If you're in the business of providing car care products and services, car accessories and other related services, advertise in Vroom Groom a special focus of The Straits Times Classified on 17 September, and reach out to car owners. Page Florcncc Long at 9202-4890 for advertisement bookings now.
      48 words

  • Page 28 Advertisements
    • 120 28 P7T[TI MW/ <|HBL "Among All The Investments i JZ s|jLwf More Satisfying Than A Landed j Hf| x< tf s ggL J n,^^ v how happy we were to real j value-for the prime to schools. mm- 11 supermarkets, shopping the best investment I i£Wtt4ki» f vw '"'the *Bp a*.
      120 words


  • Page 30 Advertisements
    • 638 30 BUSINESS Notices LABROY MARINE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT LABROY MARINE LIMITED (THE "COMPANY") PROPOSED ISSUE OP 41,000,000 WARRANTS ("WARRANTS") TO SUBSCRIBE FOR 41,000,000 NEW ORDINARY SHARES OP $0.20 EACH IN THE CAPITAL OF THE COMPANY ("NEW SHARES") TO BE OFFERED BY THE DEVELOPMENT BANK OF SINGAPORE
      638 words
    • 202 30 IN THK MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF PICO DESIGN INTERNATIONAL PTE I.TD lln Mrmbrrs Volmtitir\ I.nftiiiltihfit l FINAL MEETING NOTICE IS HEREBY GIVEN lhal pursuant lo Section I) ol the Companies Act. Cap 50. a Einal General Meeting oI the abovenamed Company will
      202 words
    • 418 30 TF.CHXEL Bl ILDERS PTf LTD I la Volunlars Liquidation > IN THE MATTER OE THE COMPANIES ACT, CAP. 5» AND TECHXEI. Bl ILDERS PTE I.TD At an kclraordinary t ieneral Meeting of Tevhtel Builders Pie l.ld held on 10 September 1197 ai Blk 7 Kallang Place aOI-O* Singapore IWIVt. the
      418 words
    • 243 30 EXCI.LSIVK HOMFS PTF. LTD llaYotaalar? I iquidalloni IN THK MATTER OF IHF COMPUIIRi ACT. CAP. H WD F.XCI.I SIVF. HOMFS PTF. I.TD Al an K siraordinary (irncral Meeting of FukiMic Homo Pic I Id held on 111 Scfambet 1997 ai Blk Kallang Place ai'VIM Snifafoß IWIM. the following resolution »as
      243 words
    • 59 30 company ridge The Global Financial Information Company BRIDGE To advertise call toll-free 1800-741 1883 ten* 0,1 Or make your dream a reality with a piece of realty. Whether you'rfe in the market for a luxurious bungalow or an affordable apartment, you can find it easily in the Classified. Move on
      59 words

  • SHIPPING GUIDE
    • 319 31 Bridge News, Reuter THE tone of the Panamax market remained soft, with activity sluggish, brokers said. In the Capesize, levels were generally unchanged and in the handysize, lower rates were reported for grain cargoes from the Continent. Biffex trades for 4 hrs and 25 min each day, Clarkson
      Bridge News,; Reuter  -  319 words
    • 282 31 sts *000 gm n w CWT Distribution U6 -003 t CkiwHw 0.909 uncti 61 Cmc* Inyastmant 1.01 unch 50 rrvtqht IMu 0.41 unch 64 G8 I lulMngs 0.63 unch 2 Hal Sun Hup 0.955 -0.005 1«5 HKMNZOHD 0.62 -0.005 25 IMC HoMngi —HK 5.60 JpyalHIHgi tt76 Juronq Shipyard
      282 words
    • 450 31  -  MPA also announces measures to encourage upgrading of bunker tankers By] Marcus Hand [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) yesterday announced a further set of measures designed to promote bunkering inside Singapore port limits. Included in the package of
      450 words
    • 165 31 Reuter [STOCKHOLM] Shipping companies Stena Line of Sweden and Britain's P&O have met British Office of Fair Trading (OFT) officials to discuss their plan to merge cross-channel ferry operations, a Stena spokesman said. Spokesman Mats Kling confirmed the broad subject matter but declined
      Reuter  -  165 words
    • 249 31  -  By Marcus Hand [SINGAPORE] Carnival Corp has concluded the dissolution of its Asian joint-venture cruise line with Hyundai Merchant Marine. Carnival announced last week it was seeking to dissolve its Asian joint venture Carnival Cruises Asia, formed in September 1996 to develop the Asian market,
      249 words
    • 693 31  -  ADMIRALTY CASEBOOK By Selva Kumar A CENTRAL London County Court has upheld a custom in the United Kingdom that freight forwarders who are known to be acting for unnamed shippers would incur personal liability for unpaid freight. The affirmation came in Cory
      693 words
    • 336 31  -  Three-day conference will open here next Tuesday By] Marcus Hand [SINGAPORE] Terminal Operations Conference (TOC) Asia '97 opens here next Tuesday analysing opportunities and risks for container terminal developments in Asia. The three-day conference will be opened on Tuesday by Minister for Communications Mah
      336 words
    • 351 31 AFP [PANAMA CITY] President Ernesto Perez Balladares denounced what he called a plan to trip up the handover of the Panama Canal by the US in 2000. "We must warn that there are foreign elements that want to frustrate the will of
      AFP  -  351 words
    • 1057 32  -  VLCC CHARTER RATES Windfall for tanker owners as rates from the Persian Gulf to Asia for the 442-ship fleet have been rising since May By. Arthur Gottschalk Journal of Commerce A surprising summer surge in charter rates for very large crude carriers is likely to
      Journal of Commerce  -  1,057 words
    • 417 32 PAGE It Famous 7 AEL 13 Farwide 13 ANL 3 FoongSun 8 Able 13 Frot4 13 Accord 8 Frt Links t3 Ahrenkiel 13 Frt Wofkl ,3 Appenship 5 Lin 1 4 Astro 3 Gemartrans 16 Austral 9 Genshpg 9 Avant 6 **1*" 13
      417 words
    • 15035 40 THEBUSINESSTIMES EXPORT CTA CTA Advertiser Vesiel Voyage T»i«phon« ETA ETA Advertiser Vessel Voy»q* Telephone SOt Dest'n Nam Nam* Number Number SIN Deit'n Name Name Number Number OMMMBMMMMMNM8MMWMMBMMMMNBNMMBMNMNMNMMMMNMi MMMMMMMMHOMRBMMMMMMMHMMMMMMMMMNMMMBMi A To BUENOS AIRES (BUE) 2060 M Argentina To ABIDJAN (ABJ) 2003 v/m pr 0 Ln< pro vessel is 3205*12
      15,035 words
    • SHIPS IN PORT
      • 590 47 v,,s 1 *«V "0 Berth Arrhril Depart urt *21 J m "o*** awotoo iTs bZ. 1 22L, M.O9/OTOO *****7 JOI 12.09/0700 7 7 T »«97 J02 Monpjdt 12.09/0800 J04 MOfMt 12.09/1500 JOT itenfU* I2.OT/T700 J*" 0 9 V97 J03 ilonguk 12.09/0630 ®7 W J8 ilonqudt U.09/2200 JOT 13
        590 words
      • 1570 47 RECEIVING OF EXPORT FCt CONTAINERS AND LCI CARGO Booking/Mane* Ritl» V»T *o Etb/Btr Period From To Fro* to IMc OTU 12/2399 U 1VH00 (VMM MM MM MM wnoo a MM SMH MM a Vttoo BMM a y*x J b/otoo B/m* b/mm toUI» M 13/1500 H vwc 11*51 a-^oc
        1,570 words
      • 195 47 ■apt 10 Japan Respect for the Aged Day. Slovakia Feast of Sorrowful Virgin Mary. South Korea Chusok (Thanksgiving). BtptH Hong Kong: Chinese Mid Autumn Festival. Taiwan: Mid Autumn Moon Festival Mexico Independence Day. Sri Lanka: Binara Full Moon Poya Day. Sept 23 Japan Autumn Equinox Day. Bapt 28
        195 words
      • 831 47 THIS report compiled by Cockett Marine Oil Ltd. shows price ranees In US dollars instead at single prices for a more comprehen stve description of the market Price* shown are based on averagesixed stem Market movements are indicat ed The Cockett Bunker Price Index chance and
        831 words
      • 313 47 Snt 4 r?T. »0.l 0.9 15.4 0.06 59 0.04 3L! —*T Art 'HMw iitoirt Ho ibow £25 0 0 1 0 0 0 MAI 300 Aw 905.8 OJ 12.7 0.0« 32 0.02 «ww> %W» %»Ai mi mom y 0 9M n 0.09 047 IS0/t«oc Into S#kE25
        313 words
    • AIR & LAND TRANSPORT NEWS
      • 403 48 87 Air NZ domestic cargo workers lose jobs due to merger with Ansett NTs freight operation Reuter [MELBOURNE] Ansett Holdings Ltd, an Australian airline, said it put off plans to spend As 2 billion on new aircraft until next year.
        Reuter  -  403 words
      • 373 48 It will be a 'one-stop shop' governing inter-state network Reuter [MELBOURNE] Australian states and Canberra have agreed to set up a single national regulator for the country's railway network, calling it a historic pact which marked the rebirth of rail across the continent. In
        Reuter  -  373 words
      • 166 48 Reuter [DUESSELDORF] Lufthansa AG denied a report in weekly business magazine Wirtschafts Woche that the airline planned to cut 1,000 jobs by 1999 as part of a new marketing strategy. The magazine weekly said in an advance release of an article due to
        Reuter  -  166 words
      • LOG Book
        • 65 48 AFX-Asia [HONGKONG] The new Chek Lap Kok airport will open on schedule next year, Stephen Ip, secretary for economic services said. Mr Ip told the economic services panel of the provisional legislature that barring unforeseen circumstances such as accidents, the airport will open
          AFX-Asia  -  65 words
        • 69 48 Bloomberg [WELLINGTON] Air New Zealand Ltd said it is raising domestic air fares by an average 2 per cent because of higher Civil Aviation Authority, air traffic control and airport landing charges. In an advisory to travel agents, the airline said fares between Auckland,
          Bloomberg  -  69 words
        • 57 48 AFP [JAKARTA] Indonesia's national carrier Garuda Indonesia plans to halt its weekly Jakarta-London flight via Batam and Jeddah starting next month, a report said. "After consideration, Garuda will close down the route starting in October," Garuda Indonesia's Batam district manager Iskandar Basro was quoted by
          AFP  -  57 words
      • 464 48 Reuter [FRANKFURT] Volvo, the Swedish car maker that has built its image on safety, said it has no current plans to follow competitors into the compact car market because company safety standards cannot yet be met. Volvo chief executive Tuve Johannesson
        Reuter; REUTER  -  464 words
      • 50 48 [SINGAPORE] The first Boeing 777-300 in the final stages of manufacturing at the company's Everett, Washington facility The world's longest commercial jetliner made its first public appearance on Monday at a roll out ceremony marking the completion of manufacturing and the beginning offlight tests.
        50 words
      • 134 48 AFP [NEW DELHI] A private domestic Indian airline with an accident-free record may start flying on international routes, The Times of India newspaper reported. Jet Air, one of the few successful private carriers in India, has sought permission to go international, it said.
        AFP  -  134 words
      • 505 48 Stretch version could be launched as early as next year Reuter [SEATTLE] Boeing Co is considering modifying the wing of its 747 jumbo jet to accommodate more fuel and passengers than contemplated in earlier studies. Jerry Johnson, a Boeing spokesman, said modified
        Reuter  -  505 words
      • 1610 48 OTY FUOHT OA FLIGHT ETD sozjo wo mum ay97 1335 ato 2135 Aartartaa $0327 0750 KL844 0040 $0977 1655 S0978 0120 AL837 1455 KL838 2300 HoCMMk* VN741 1310 VN742 0850 DL26 2355 S0171 1420 S0172 0930 Og GA839 U05 GA838 1210 AacttMtf N273 1605 S0285 2045
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  • Page 31 Advertisements
    • 26 31 VLCC charter rates: Riding high on oil demand Rates from the Persian Gulf to Asia for the 442-ship fleet have been rising since May. Page 2
      26 words
    • 80 31 Ansett delays plans to buy As2b worth of new jets 87 Air NZ domestic cargo workers lose jobs due to merger with Ansett NZ's freight operation. Back Page Cj\y VIJ AGENCIES PTE. LTD. I PURE NEUTRAL NVOCC TO: I 1 USA HONG KONG PUSAN OTHERS 9 SINGAPORE: MALAYSIA: 120 Tanjong
      80 words

  • Page 32 Advertisements
    • 1103 32 f NORTH AMERICA f EXPORT I i OTHER DESTINATIONS I I DIRECT TO Wggr COAST IT WIST COAST Of CENTRAL AMERICA (MARGARITA SERVICE) vtssa VOY rasa roan UMlwawiaoKß HKOOTT J m«t Ivor "iw IrtaurzAi *guuiu rruuau momvwtma wntiawao hnnmmr OKSAKMIMY 10(537 10/0* 11/00 24/04 20/04 30/00 02/10 30/04 30/04 01/10
      1,103 words
    • 681 32 lJne s services represented by Members o< the Registry of Members o< the UWjW?) Accredited Shipping Agents. Singapore Freight Forwarders S'pore National Shipping Assoc Association V Speedy an< Quality """'"fiV Service to CALCUTTA EXPORT 3 X Japan -2 x Hongkong •1 x Manila 1 x Kooshiung, Koolung (Accopling FCI to
      681 words

  • Page 33 Advertisements
    • 1079 33 TO EUROPE FROM EUROPE Vtssa VOY SM RTM HAM WY SOU ItM Ivtssa VOY RTM HAM ORV SOU LfH PRC SM~ THAMES 5377 U/09 04/10 07/10 11/10 MAAS 2357 24/01 26/00 24/00 10/00 16/04 MOSa 1377 14/04 05/10 00/10 11/10 12/10 DAMUOt 4357 24/00 20/00 25/00 26/00 17/04 OM 3377
      1,079 words
    • 2200 33 HANJIN SHIPPING USA CANADA* IiMHMa/VQT um~ sw su iroi [nw tot lot wt Hjjjj int I »WI I mb» [ws wrc jog rw m mt m fs~| H. RAONSRWG 0701 10/W U/W 07/W W/W 03/10 OS/10 05/10 07/10 W/10 •7/10 00/10 >7/10 07/10 10/10 00/10 W/10 00/10 00/10 07/10 00/10
      2,200 words
    • 105 33 am ORIENT EXPRESS LINES (U.K.) LIMITED IBg|. (MANAGER FOR SHREYAS SHIPPING LIMITED) -> WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE WSttl VOY SINGAPORE lOWIAY VfSS€t VOY IQtHIAY SINGAPORE NOftDKAP 416 13/09 22/09 NORDKAP 415 04/09 13/09 ALBERT BRIDGE 004 17/09 26/09 ALBERT BRIDGE 003 08/09 17/09 JUTHA PARtCHART 007 19/09 27/09 JUTHA PARICHART
      105 words

  • Page 34 Advertisements
    • 1761 34 <C DSR-SEHATOR mISb Round the World Container Sen/ices TO UK/CONTINENT FROM UK/CONTINENT WT tUt HTM AWT IHV NAM ft! LHA llttMfl VOT LHA FIX BTM WW HAM fsSTI HAMiWIO Sf HATOS WF74J MlO 23 16 2416 24 10 2SIO 20 10 20 10 CHOYANG SUCCfSS EE73O 17 00 10 00
      1,761 words
    • 1069 34 I NOR ASIA I VESSEL VOYrsn QOABCL VAL ALG ROT 25f K?"2 !£2 !K! 14/11 w* ww WN ivn 12/10 WO I 2S?JnL« 22.1 !K! 22/11 wx *vio wm 17/10 wo I KS2SL IVIO 20/10 29/10 2VII 11/11 23/11 MAI 22/11 I ®Z2i !K! ??2! 2"* »vii rni aon# ji/ii
      1,069 words
    • 540 34 LINE ST TIL: SIM3II MXi *****37 [y MUARA 1 1 LABUAN vissa vor itd ra vissa vor no m spoh mm sracf m inosm vui/»7 14/04 h/oo iwsra viu/w 10/00 »/o» imaarr vix/v 14/04 «/w wlguxt rai/i; h/oo n/o» jnosrai vw/i7 m/oo a/oo jrtosw vm/07 js/w Aruaanr rnt/v a/M 01/10
      540 words

  • Page 35 Advertisements
    • 1365 35 VEIOB. vov am BKK pou PKQ PEW BLW 1 «uw ba bik MAN TAKHTI PJt-1249 28/08 08AM 08/00 OUNVAMOAT PJL-1253 04AM 31/08 07/00 22/00 24AM WAN OMEYAMAT PJL-1248 31/07 07/08 02/08 18/08 18/08 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN.
      1,365 words
    • 1490 35 ACCirTIM CttfO TO/FKM 1 SNEKOU HUAMPIJ I WEEKLY ima SAILING J I 6 SHfMTON WAY 226 IWO FAX: *****01 OUTWUD(I/L) %0«E OfFK3 4WS 4,/43 D€f7(o/0) *****15 COSTAR AGENCIES (M) SDN IHD JQ¥fftJfWOJo4Mof)__CoWVtMTlojUt__ T/SHfMT DlfT *****25 TtL 02-07-35 ***** FAX- 02-07-*****70 I SEE-. «W SMmoMaiMusmtt [w~| SHAM /OC3K Hit 17/91 HVW
      1,490 words
    • 339 35 r/JA PDZ LINES SDN BHD A TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 nAMstr/j muu+uoun urn M cm mum*muml G4NA ***** 1 3 09 HUI TRADER 9707 16/09 GIHOCK 9725 14/09 GIHUAT 9704 14/09 GWIM 9743 11/09 GIWI
      339 words

  • Page 36 Advertisements
    • 1285 36 J T1 k EUBOPt/UK/SCAMOINAVIA/HNLAMD/BUSSIA SGP ROM ANW HBG THP ZEE LHV IHV THP ROM ANW HBG PKL SGP E REWARO RW-02S 13/09 03/10 W/10 04/10 06/10 07/10 M/1D E GLAMOUR RE-052 17/01 11/01 1«/tM 19/01 71/00 IS/09 10/09 E RIGHT RW-030 20,1)9 10T10 16/10 11/10 13/10 14/10 IS/10 E GARLANO
      1,285 words
    • 1280 36 a RM k IRXPORT VISSII VOYAM SCP DUO JOA AMI MM MN KWT OAR VISSII VOYAGI DM JU AOU DMN MX SOT I UNCONCEIT 0473-037W IW9 £JJ £P 01/10 01/1* 01/10 URIAMPU 04*9 00 IE 31/00 31/00 01/09 07/09 03/W IS/09 JHCONCOM 0474-040W 75/0* 05/10 05/10 04/10 07/10 00/10 00/10
      1,280 words
    • 524 36 /CZI NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY I SIW PUI I DOt CH~ MAWTAJ ftIW(E PITS IS/W 30/W 04/H KAMTAJ VENUS 27/09 1)5/10 10/10 14/10 mu 017S 04/10 13/10 17/10 21/10 NAHTAIPtHKESS 017S 13/10 01/11 W/10 NAHTAI QUEH 023S 20/10 21/10 01/11 05/1) MAIfIAI DRAGON
      524 words

  • Page 37 Advertisements
    • 654 37 BSfl a. mmK MYANMA wBSk FIVE STAR UNE (Myaaaw National Um) laetof far Yaofoa (Raafooa) VKSa VOT SM K6 P« ecu ONNSMWIHAW 7W SIB MIWM 143 MPT MAUTSIA AWMTS: KXISTUD SMPPMG AGBMES lift: m 02-03-*****00 PtL m 02-03-*****01 rat m 02-04-*****02 k». m 01-07-*****11/4 BANK LINE (A sorvko ti NORTHBOUND
      654 words
    • 1175 37 /HYUNDAI MERCHANT MARINE CO. LIP. WESTBOUND TO EUROPE BKG: *****32 |VP« W I«■ I UM I I AM I 049 I I m HYDUU J47W 14/W 41/14 *2/10 04/14 04/14 M 0 47/14 HT COMMOOOtt 144W 21/W W/14 W/10 11/10 11/10 11/10 14/10 I KYFfDOAI 104W 20/W IS/10 11/10 11/10
      1,175 words
    • 539 37 FAMOUS CONTAINER LINES ICS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 g/ HOT LINE: *****33 (30 LINES) WB Hit MMIBfc —E-MM. tPOKSt: DAILY SAILING TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH 0207-*****22 I jgr* cwr QLOBEUNK
      539 words

  • Page 38 Advertisements
    • 1013 38 BANQKOK/LAEM CHABANQ JAKARTA/PANJANQ VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN DANU BHUM 011N In Pt 18/09 XETHA BHUM ***** In Pt 13/09 DANU BHUM 011NB 13/09 16/09 ANAN BHUM 79S 13/09 18/09 YANTRABHUM" 2QSN 14/09 17/09 18/09 ACX JADE* 04S IS/09 18/09 KITI BHUM 19N 14/09 17/09
      1,013 words
    • 635 38 PUL INTERNATIONAL LINE PUL INTERNATIONAL rf %n Mwillivi- XX Cpfer/1.*.! dhM, Mmr»[imn taw/wx |JE n 1» 1 bkkttm iukkiHa j laT I ffigtß W/H Mr I S i BM st* it gob *sw I 19/09 1 wi ?i/w I siw I ii/ii SUHAIAYA 2 SIGS/WK fl iv° t I m|
      635 words
    • 702 38 rj Accord Mm SHIPPING PTE LTD TH *****56 (40 Un*s) FAX *****46 Ktl KLAMC (03! M 7 lOC I m M OWKT ACCESS Til: *****57 (EXPORT ROOKINO) 7AM6UMMG (07) JSI 1577 2255M7 (IXPOWT DOC), *****64 (IMPOWT) HHA»G (HI *****4S OtIsMTTP://WWW.ACCOWD.COM. SO UJUJHA (21JM***** m sin pout ra sin "potr ha
      702 words
    • 51 38 I 0 HANGLI SHIPPING DIRECT REGULAR SERVICE JAKARTA SURABAYA JAKARTA 14/09 15/0# P.JMft 21/09 22/09 P.KAUMNTWI 29/09 3009 P. SUMATRA 02/10 03/10 P.JWR SURABAYA 17/09 l(/0t SHANNON DEPRESS 23/09 24/09 MMRKVU 01/10 02/10 MMHON EXPRESS 07/10 oi/io smnrmvu Owners: UNITED SHIPPING ORGANISATION PT. INDONESIA SHANNON SHIPPING CORP. TEL: *****88 FAX:
      51 words

  • Page 39 Advertisements
    • 364 39 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE VSL VOT A OAM/R DAM N lUBG BREMEN ANTWERP KUTAI 39W8 30fl 3/10 OMIT 1710 TO AUSTRALIA FULL CONTAINER SERVICE WL VOY "By "sST" FRE K SB) Hl» m W AUSTENTERPRISE VI7S 0M» OMN IMB IMH 22« 2MB 2MB NO. CRYSTAL VMS
      364 words
    • 891 39 f PACIFIC INTERNATIONAL LINES (PTE) LTD^ I 140 Cecil Street. #03-00 PIL Building, Singapore *****0. CR NO **********06 rcsraM<iiic«« rskpi r* IBS I 8% y ft -rnr ir fii fj a m ES^ —ar- 1;!: I iji: I i>% iiiis s« nin-jwr m** b. |m* I at. hi. Asar —a-n-
      891 words
    • 845 39 1 VESSELS VOV S»4 JED PSO LEH HAM RTM THP ANR VHIE DE VELA V2IW jig 26/08 28/09 07/10 08/10 1(V10 11/10 12/10 V-LE OE CAPCLLA T22W 21 /Q9 01/10 03/10 12/10 15/10 WlO 17/10 VILLE DE ÜBRA L22W 28/09 08/10 10/10 IWIO 20/10 9p/m wm H/1Q VILLE O'AQUARHJS U22W
      845 words


  • Page 41 Advertisements
    • 47 41 To retrieve more schedules, just follow these simple steps... document jQ\a\ 740-6000^^^/p| tep be faxed w.M }>ress the port Step key in the four w number ®Jf digit code Key in your Example: r—*—i fax number To NEW YORK (NYC) 2275 for calls within Singapore United States
      47 words


  • Page 43 Advertisements
    • 472 43 II VESSEL VOY SIN MAA SIN TIGER ISLAND 565N 14 15/09 19-25,09 30-01/10 TIGER BRIDGE 566N 18-19/09 24-2&09 TIGER BAY 567N 22 23/09 27-02/10 07-08/10 TIGER WAVE 568N 26-27/09 02-06/10 11-12/10 TIGER ISLAND 569N 30-01/10 05-10/10 14-15/10 TIGER BRIDGE 570N 03-04/10 08-12/10 17-18/10 XOUR SPORE 246 15-16/09 22 26/09 02-03/10
      472 words
    • 722 43 FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICE ARGENTINA ETD SIN SOUTH AFRICA ETD SIN BUENOS AIRES 15/09 CAPETOWN 15/09 CHILE ETD SIN DURBAN 15/09 VALPARAISO 17/09 JOHANNESBURG 15/09 GREECE ETD SIN SPAIN ETD SIN PIRAEUS 15/09 VALENCIA/BARCELONA 16/09
      722 words
    • 984 43 OOCL (Singqpore) Pte Ltd CPS Keppel Distrpk ftßji 79 Anton Rood #21-04 (S) *****6 Bfc 513 #01-128 I enquiry 76V s V CINOIIS7B7SOOOOH Tot 272 7827 (0 7?69 80 A.' Tofc *****13 tu 221 3942 h*. 272 7825 no»ra ua«i« m«/ cuuat <\ mmm TO USA SGf SfO OAK CHI
      984 words

  • Page 44 Advertisements
    • 1848 44 MV RAE I INF YML Internet Web Site http: //www.yml.com.tw E-mail Address cs©hp72o.yml.com.tw fa'.: 8222E81 TWICE WEEKLY EVERY THURSDAY/SUNDAY IAIJ.U M ARRIVAL FIXED OAYMOMOAY VESSK VOY SIN CMS RTM HAM FXT LEH ANA VESSEL VOT LEH FIT HAM AIM MM SIM MALACCA BRIOGE A736W 12/09 16/09 04/10 02/10 01/10 06/10
      1,848 words
    • 975 44 SAMUDERA INDONESIA (SI PTE LTD "3P 1 5 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CB NO. IM7MMMOO D J- -L L E J- 2 22 294 J- /43JE5 SIC /CELIA/MEI cw ll BLUiLUJBIWa 7 slgs/week 3Slg&week IV6MB. IVQY [SX I
      975 words

  • Page 45 Advertisements
    • 1337 45 I ASIA MHHTIRBANEAN IXPIt£SS (AMg) WESTBOUND SERVICE i VtSSti I VOY I SIN I CMB I MIA I GEN BCN I l£H I AN» I Ftt' MSC JASMINE 973A-3 20 SEP 24 SEP 03 OCT 05 OCT 07 OCT 10 CO 11 OCT 12 OCT I N KIEL 9737-3 24
      1,337 words
    • 1145 45 pShwi wI gg*" I -BBf |8& gi. |B. |Br- ISS. «>|!&r|Bf lißtlßTlwlia I" m w ia> I MB-iS 5S Sff 88 i.» X 5 S» Si: ssr S5 SSSS:: as as 35 ss ■S.HM nn mm- mm* jom 0110 omo 04.10 mo mmnuh assj ur w jiji m nn APLOOOKSiA
      1,145 words
    • 117 45 gh EXPRESS ORIENT 9Lm new CONSOLIDATION SERVICE AM/SEA WEST COAST Of AFRICA-INOtAN OCEAN-PACIFIC ISLANDS. ABIDJAN. TAMATAVE, POtNTE PES QALETS. LONOONI, PORT LOUIS |f»H— ll— Cg Fm»«««T 15/09 Fortnightly Tomotciwe 12/09 FortnigMy Rorttoois 12/09 FortnigMy Pointe des Go lets 12/09 Fortn.gMy if* 00 12/09 Fortnightly Noumea 15/09 FortnigMy I***— 15/09 FortnigMy
      117 words
    • 204 45 W For Booking Pimm CmM H W 222 7022 4 \L Changzhou \l Shanghai iv£ Foshan \L Shantou j yL Fuzhou \L Shenzhen j 9 Guangzhou \L Tianjfn I I \L Hangzhou <£ Wuhan \L Huangpu \L Xiamen j\L Qingdao \L Zhongshan I 1 San Shan \L Zhuhai I OUR
      204 words

  • Page 46 Advertisements
    • 439 46 OSINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE fSINOTRANSI S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI JIHVO Ij/W 17/W Mi JIN FU 9750 19/09 24/09 28/09 NEW HAIHUNG 9712 26/09 01/10 15/10 JIN YU 9750
      439 words
    • 283 46 MAC-NELS STORE M'SIA I Carrier: MN CONTR LINES, INC I IVV J OW NOi **********01 StBU: (084) *****9 MANILA: (832) *****61 PCNANG: (04) *****8 BANGKOK: (682) *****67 SURABAYA: (31) *****0 P KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 FXT/RTM/HAM T DUBAI MV "HJ MARSEILLES" VO44W MV "ORIENT CORD"
      283 words
    • 162 46 S'poi» ■OCEAN (SLANO 10/09 Nan/RdnVAtwAJK I ■LUCKY WEALTH 30/09 NwVRdnVAtWUK I ■DELFINI 05/10 NwVßdm/Atw/BmVUK I H 1 Loads E/W. Malaysia Indonesia I ■ESPERANZAC Jeddah/Aqaba/Egypt I ■RAINIER Dubai/Dofia/Bahrain/Darnrnan/KuwaJt I ■GLOBAL JANE Oubai/Doha/BahratrVDamman/Kuwait I ■■NO Dubai/Dot-ia/Bahrain/Damman/Kuwait 1 ■chian MARINER HodeidrtJedd«*VAqaba/Eoypt/Tripo« I •Loads Singapore, E7W. Malaysia. Indonesia I I Loading tor ■OCEAN FRIEND
      162 words

  • Page 47 Miscellaneous
    • 120 47 LEGEND: R Thunderstorm Temperoture »q V Shower Weather Wmd cfcrection with speed in knots e Rom Cloudy Sky Wov h«flh» Serfoce winds ore «dKoted by arrows wfecti Hy with the wmd One fun circle represents calm or kght ond vonobte wmds One holt Heche represents 5 knots L_ One full
      120 words