The Business Times, 20 June 1996

Microfilm: NL20610
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P)O4<yi2/95 85c SINGAPORE Internet: http:// www.asial.com.sg/biztimes THURSDAY, JUNE 20,1996
    12 words
  • Article
    MARKET SUMMARY
    52 1 on mua (+24.33) Q STOMP Sssmw U *****3 (+6.18) BlttßTMOt Mixed Wednesday Change KlSKCOiiP 1,***** +MS MOB ntttM *34* MM08KNQ IMM.47 -4M1 9RTWORX L2US1 JAKARTA COMP—583.17 ■AMU COUP +1171 TAIMWPI M»J7 *Ut 880i'LC0MP 8W-M +m CL8A CHINA B 84*29 -81.08 AUBT ALLOW) W»a HS lpai EST Chaa* DOW
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  • Article
    FINANCE
    65 1 USI 81 UBt im f IMft 1178 W out a«9 mum t» un J■ mm <u« W *m mm BAHT 0.040 0.066 RLTIAH IM 0.M3- 0.060 JBOBIIHS SINGAPORE* 144 toJALAEPMFUlL 8.15 JAKAtTA 18.00 MMKOK 1171 mput mm MNOKOM &7t TAfPH 8.M AMR 1175 WW- im MIL 11M ZURICH** 4.375
    65 words
  • Article, Illustration
    Lock icon Unit trust funds power past $2b level
    512 1  -  New launches in first few months alone raised over $250 m By. Shiv Taneja [SINGAPORE] Funds under management by unit trusts in Singapore hit $2.24 billion at end-May, up a solid 32 per cent from $1.7 billion at the end of 1995, according
    Source:  -  512 words
  • Article, Illustration
    SES slashes Amcol's 13-member board to 5
    584 1  -  Reconstituted board must have three independent directors By I Conrad Raj [SINGAPORE] In an unprecedented move, the Stock Exchange of Singapore has ordered Amcol to reconstitute its current 13-member board to one with only five directors, three of whom must be independent. This
    584 words
  • Article, Illustration
    All eyes on Ardmore Park
    319 1  -  Byl Michelle Low [SINGAPORE! The long-awaited Ardmore Park condominium project will go on sale at a soft launch next week at about $1,800 per square foot, said sources. Notably, the prices for the 330-unit Ardmore Park are about the same as were indicated in March,
    319 words
  • Article, Illustration
    Lock icon A thriving India is good for S'pore too: BG Lee
    472 1  -  By Vikram Khanna [SINGAPORE] Singapore has a vested interest in India's economic success, as a thriving India will contribute to regional prosperity and offer Singapore another significant source of growth, Deputy Prime Minister Lee Hslen Loong said yesterday. In a
    CHRIS LOH  -  472 words
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      116 1 Wilis wir-'ff;* Is£ •MI project How did it happen. Plus, the likely oorporate fcliout. Pf 7,17 Why more property redevelopment in the area is expected, Pgt MMMtmitat Diversified LindetevesJaooberg is launching a Swdaq initial public offering today, Pg 17 mmmmmmmmwrnrnmrn MWlvllflH thispg. The three listed jjimud-ead trusts Harimau, OUS and
      116 words
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      10 1 Hook Look Slew: So who wins at Amcol? Pg 17
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      180 1 Pg2o B. i mm (It does not, unfortunately, monitor taste.) Introducing the first Hewlett-Packard own colour copying. You won't have to send out colour printer-copier. The HP Copy Jet. for expensive colour copies and you only need A printer and copier in one? Think of the one set of supplies
      180 words
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      2 1 Moreraports, Pg4
      2 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Travel firm in venture with IMC and China Merchants
      214 2 A LOCAL travel firm has tied up with foreign heavyweights to boost its regional drive. Franco-Asian Travel yesterday said it had formed a joint venture with the IMC Group of Hongkong and China Merchants Holdings of China. The venture is called
      214 words
    • Article
      Civil service relaxes rules on part-time work
      424 2  -  Hove aimed at encouraging mothers, retirees to work and at giving ministries more flexibility By. Anna Teo PART-TIME work for mothers and retirees in the civil service will be liberalised from next month. At the same time, ministries and government departments will be
      424 words
    • Article, Illustration
      New Westin Asia-Pacific head named
      127 2 WESTIN Hotels Resorts has appointed Ted Teng president of its Asia-Pacific division, which is based in Singapore. Mr Teng, a 40-year-old Asian-American, will also be an executive vice-president of the company. He was previously vice-president of Asian operations for another worldwide hotel chain, ITT Sheraton
      127 words
    • Article, Illustration
      Lock icon Retail sales up 3.2% year-on-year
      306 2  -  EYE ON THE ECONOMY Commerce By Jenny Lam MOST retail outlets fared better in April, with a 3.2 per cent rise in the retail sales index at constant prices for the month compared to the same period last year. Excluding vehicles, the increase in tml
      Source: Dept of Statistics  -  306 words
    • Article
      Hong Leong goes into serviced offices
      483 2  -  $5m conversion of Harbour View carpark could lead to other projects abroad By. Agnes Wee THE Hong Leong Group is spending |5 million to convert 9,000 sq ft of carpark space in its Harbour View Dai-Ichi Hotel into serviced offices. This is the first
      483 words
    • Article
      AMD ships new Pentium-compatible microprocessor
      327 2  -  By, Annette Pau MAJOR integrated circuits (IC) supplier Advanced Micro Devices (AMD) yesterday said it had started shipping its PRIOO processor, a 100 MHz Pentium plug-in replacement with Microsoft Window and xB6 software compatibility. The PRIOO is the latest in its K5 (Pentium compatible) line
      327 words
    • NEWS Roundup
      • Article
        Economic data-just a phone call away
        85 2 THE Ministry ofTrade and Industry yesterday said its Department of Statistics was introducing a new information service called MTI Telelink. Callers who dial 323-8400 will get information on key Singapore economic indicators, latest releases on the Singapore economy, information and the subscription form for
        85 words
      • Article
        Temasek Poly appoints governors
        66 2 TEMASEK Polytechnic has re-appointed former DBS Bank president Patrick Yeoh as chairman and Singapore Technologies group director Lim Ming Seong as vice-chairman of its board of governors. It has also appointed nine new members that include Yeo Hiap Seng chief executive officer Alex Chan and Wing
        66 words
      • Article
        Unilever to distribute French ice-cream
        62 2 UNILEVER, producer of Wall's ice-cream, will be distributing French ice-cream Carte d"Or in Singapore. The ice-cream, retailing at $6.90 for a 446 ml tub and 93.10 for a 136 ml tub, will be sold in supermarkets, major retail stores, petrol kiosks, restaurants and cafes. Unilever
        62 words
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      645 2 Heed Office yfcfel v National Bankof Kuwait sak Consolidated Balance Sheet Consolidated Profit and Loss Account at 31 December 1995 lor the year ended 31 December 1996 We Iflo4 1906 imi ASSET "<*• ■">«*» KOJOOr. Hot. KDOOT. KOOCff. UMMMMi 4 *****1/00 MM Inoom 2*4,712 223.7W W flnancM IneMulluiie 678,906 742,042
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      213 3 i <?: 5*» r %w t T r -"<» Jd f .•.>*••«*» r: r i{? k i i I i I I I W fe f§ J mILJ? ..>,.,.'»i i |fl mfc. £t M W" .w»- v k M^Bfe' I I available in 18 carat gold (yellow, white or pink)
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  • FOCUS: GLOBAL INDIAN ENTREPRENEURS CONFERENCE
    • Article, Illustration
      Process of liberalisation will continue: industrialist
      443 4  -  Country on verge of economic boom amid new transparency, says Tata By Chuang Peck Ming [SINGAPORE] Will the new Indian coalition government press on with the economic reforms started by the previous government of Narasimha Rao? No question about it it will, said leading
      443 words
    • Article
      India needs US$200b over 5 yrs to boost infrastructure
      376 4  -  By Vikram Khanna [SINGAPORE] India needs to raise at least US$2OO billion (Ss2Bl billion) over the next five years to strengthen its infrastructure, the country's Finance Minister Palaniappan Chidambaram said yesterday. During a question-and-an-swer session following his address to the conference,
      376 words
    • Article
      How the diaspora can help India
      329 4 Overseas Indians not jut source of funds but brain-bank, says US academic [SINGAPORE] The 15 millionstrong Indian diaspora can best contribute to India's development by "recycling" their talent between India and their host countries, a distinguished US academic said at the Indian Global Entrepreneurs
      329 words
    • Article, Illustration
      Lock icon Reform consensus stronger than ever: Chidambaram
      408 4  -  Indian Finance Minister points to accord among coalition partners on programme By Vikram Khanna [SINGAPORE] THE current consensus on economic reform in India is "a real consensus, more real than during the period 1991-96", Indian Finance Minister Palaniappan Chidambaram said yesterday at the Global
      CHRIS LOH  -  408 words
    • Article
      Gowda's role in S'pore's IT Park in Bangalore
      205 4 [SINGAPORE] Deputy Prime Minister Lee Hsien Loong yesterday cited a specific instance when the new Indian Prime Minister Deve Gowda showed he was a firm supporter of economic reforms. BG Lee recalled how Mr Gowda was in the opposition in Karnataka state
      205 words
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      35 4 Property: A whole new ball H|J Meet corporate raider Sukamto Sia Electronics stocks: Back in favour? Malaysia's deficit: Far from Mexico Have our fund managers beaten the market? Investment spotlights: Singapore Aerospace, Fu Wj Manufacturing
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      77 5 IBjPt mm two million off shore. r j4 A MILLION IN EQUITIES. v &tfir funding the in AN EXQUISITE PIECE OF CUSTOM FRENCH JEWELLERY FOR HIS WIFE HIS WIFE'S SHOPPING EXPEDITION TO HONG KONG. d^^^B INSURANCE PAYING FOR THE KIDS' OVERSEAS EDUCATION. li^RlL TRAVEL ARRANGEMENTS. v I^^B tj J|^^B *f%*
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon East Coast set to see more redevelopment
      520 6  -  Recent sales herald changes in Tanjong Rhu/Fort Road By] Diana Oon (SINGAPORE] THE Tanjong Rhu Road/Fort Road area has seen a number of private property sales in the past two months, and this in turn is expected to spark more property redevelopment in
      CHRIS LOH  -  520 words
    • Article, Illustration
      Lock icon Poh Cheong's pre-cast success story
      856 6  -  t spotlight on Singapore's best: Instead of producing a few items in balk, firtn tries to cater to as many of its buyers' needs as possible By Diana Oon [SINGAPORE] The Poh Cheong Pre-Cast building in Sungei Kadut is unusual and outstanding. The brightly coloured
      ARTHUR LEE  -  856 words
    • Article
      House Hunt
      1055 6 Property transactions far districts 15 and 16 (sectors 42 to 45 and 46 to 48) lodged between May 20,1996and June 17, 1996. Project Name/ Prop Contract Tenure Built-in/ Ptice Psf Street Name Type Date Land Area* (sq ft) (SSOOO) (SS) District 15 (MCtors 42 to 45) Non-landed Amber
      1,055 words
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      147 6 PRIME RESIDENTIAL BUNGALOWS [OWNER'S SALE NO. 11A CHATSWORTH ROAD 2-sty detached bungalow with swimming pool Land 20,112 sq ft Freehold Good class bungalow area NO. 9,9 A, 98, 9C BRIZAY PARK 4 units of 2-sty strata bungalow with pool Site area: 51,450 sq ft Strata areas: 6350 sq ft, 7319
      147 words
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      8 6 Home Decor For people who love their homes
      8 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Big victory for Bakun opponents
      572 7  -  KUALA LUMPUR Sarawak longhonse trio win case; court roles govt did not comply with environmental laws Reports by Ho Kay Tat OPPONENTS of the controversial Bakun hydroelectric dam scored a big victory yesterday when the High Court here declared that the government did not comply
      AFP  -  572 words
    • Article
      Lock icon Japan warns Myanmar against arresting Suu Kyi
      135 7 TOKYO AFP JAPAN'S top spokesman warned the Myanmar junta yesterday that his country may take strong action if prodemocracy leader Aung San Suu Kyi is arrested. "We've been calling for restraint of the Burmese government whUe showing some understanding, but in case of
      AFP  -  135 words
    • NOTE Book
      • Article
        Lock icon 8 groups bid for base concersion project
        87 7 Bloomberg Business News [MANILA} The Philippine government yesterday said eight groups, including Ayala Land Inc and Filinvest Development Corp, had applied to convert a former US military base into a three billion peso (Ssl6l million) resort complex. The Bases Conversion Development Authority said
        Bloomberg Business News  -  87 words
      • Article
        Lock icon Thai banks free to adjust rates
        62 7 Reuter [BANGKOK] Central bank governor Vljit Suplnit said yesterday that Thai commercial bonks can adjust lending and deposit rates according to market conditions without any guidelines from the authorities. Mr Vijit's remark came one day after Finance Minister Bodi Chunnananda said Thai commercial banks
        Reuter  -  62 words
      • Article
        Lock icon New rules on Indon property ownership
        59 7 Bernama-Antara [JAKARTA] Foreigners are now allowed toown houses built on state land for 25 years under a new government regulation Issued recently. A press statement yesterday said the regulation also allows foreigners domiciled in Indonesia to prolong the ownership for another 26 years as
        Bernama-Antara  -  59 words
    • Article
      Bakun project won't be put off: analysts
      323 7 KUALA LUMPUR THE High Court ruling that environmental laws were violated in approving the M 513.6 billion (557.67 billion) Bakun dam could delay the project, but analysts saw little chance of it being put off altogether. They said too much was at stake
      323 words
    • Article, Illustration
      A delicate balancing act for Indonesian policy-makers
      504 7  -  LBTTHR FROM JAKARTA Economic nationalism or free trading system? By S N Vasuki INDONESIA'S state-owned aerospace firm, PT Industri Pesawat Terbang Nusantara (IPTN), is in the spotlight as the nine-day Indonesia Air Show kicks off this weekend. Though the air show itself —which
      504 words
    • Article, Illustration
      Lock icon Political jitters, rumours send markets down
      565 7  -  JAKARTA PDI infighting bankruptcy talk and foreign aid concerns form a potent mix By\ S N Vasuki POLITICAL jitters, rumours of a major bankruptcy and talk of lower soft-aid commitments from rich countries proved to be a bearish combination for Indonesian markets yesterday. Shares
      Source: Bloomberg; ALLAN  -  565 words
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      6 7 Bolma likely to offer shares atMSI.SO-MSl.Bo,Pgl7
      6 words
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      Page 7 Advertisements Column 2
      442 7 ■■Bsssaß of Business Administration Awarded by Brunel-The University of West London and organised in conjunction with Henley Management College 5* Mob a—mini in August 1994/5544,350.00 (hdusn d 3% GST) You Will Be Respected With A Henley DBA Hattys DBA Proaramme focuses on the development mods of the indmdud m research,
      442 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Airlines flying out of funds
      530 8 BEIJING China seeking foreign investments for cash-strapped aviation industry Reuter CHINA is seeking foreign investments for its cashstrapped airlines and for the construction of airports, which would run into billions of dollars, to cope with the needs of its fast growing aviation industry. China Northwest
      Reuter  -  530 words
    • Article
      Lock icon HK business lobby accuses US of harassment
      320 8 HONGKONG US move to call for more documentation on clothing imports leads to trade row Reuter HONGKONG'S business lobby yesterday accused the United States of harassment and called for action at the World Trade Organisation (WTO) on restrictive US documentation requirements for Hongkong
      Reuter  -  320 words
    • Article
      Lock icon China to form third national petroleum firm to boost supply
      333 8 BEIJING AFP CHINA is to set up a third national petroleum company this year to boost fuel output and stem a growing imbalance between supply and demand that is strangling economic growth, Xinhua quoted a highranking official as saying. Vice-minister
      AFP  -  333 words
    • Article
      Lock icon China must cut car tariffs: EU official
      185 8 BEIJING Reuter CHINA must slash tariffs on imported cars and loosen restrictions on foreign-fUnded firms to buUd a competitive auto industry and win a place in the World Trade Organisation (WTO), European officials said on Tuesday. Europe had a commanding lead over US
      Reuter  -  185 words
    • Article
      Lock icon Boom town for entrepreneurs
      185 8 SHANGHAI AFP SHANGHAI'S private sector is booming, with more than 155,000 private businessmen registered with local industrial and commercial administrative departments, Xinhua reported yesterday. The official news agency said several hundred new businessmen were registering each month, while nearly 22,000 business people from other parts of
      AFP  -  185 words
    • Article, Illustration
      Lock icon He's just cruising
      52 8 [TAIPEI] A boy sitting idly at the front of a dragon boat while the adults undergo a hard practice session early yesterday. The men are preparing for the annual dragon boat race, to he held today. The festival is the memorial day of a patriotic poet, Chu
      REUTER  -  52 words
    • Article
      Lock icon Teng-hui to hold forum in Sep to gather views on China ties
      364 8 TAIPEI But apposition Masts move as ploy that won't help problems Reuter Party, said on state television. Opposition New Party lawmaker Yok Yu-ming was also pessimistic. "The meeting will not resolve any problems," he said. Mr Lee, who
      Reuter  -  364 words
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      308 8 Net Profit BEF 8.9 billion GOOd Key events of the year branches in Breda, Cologne, performance spectacular increase of bal- Hong Kong and Labuan (Main oil aroao ance sheet total, to well above laysia) Establishment of ITI all 3lodS BEF 3,000 billion. Sharehold- BBL Trust Services Luxemof bank activity er
      308 words
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      8 8 Two Chinese airlines seek NY listings, Pg 19
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      81 8 Incorporation of offshore companies with Chinese name Memorandum and Articles of Association are issued in Chinese Certificate of Incorporation is issued For further information with company name in Chinese and immediate service characters please contact Michael J Kingston Corporate documents notarised or OFFSHORE authenticated by the Embassy of the CORPORATE
      81 words
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  • FOCUS: TRADE WITH CAMBODIA
    • Article, Illustration
      Lock icon S'pore still Cambodia's top trade partner
      720 9  -  Singapore exporters captured nearly half of the Cambodian market, while Republic is Cambodia's biggest export market By Harish Mehta [Singapore] INGAPORE M exporters rel mained Cambodia's biggest trading partners last V year, snaring ■L W almost half w the Cambodian market. Singapore has held
      Source:; Jen Chua  -  720 words
    • Article
      A mini-tourism boom in Cambodia
      153 9 OVERSEAS Cambodians have emerged as the No 1 tourists to visit Cambodia, while the Taiwanese were the top business travellers to the country last year. Cambodia is witnessing a mini-tourism boom that is set to peak with 1.2 million tourists a year by the year
      153 words
  • Page 9 Advertisements
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      57 9 uni-ball uni-Laknock SN-101 Ballpoint Pen Better Feel Comfortable <- —i /s, Greater > Soft\ fl Rubber Jzik v^Gn^/^^F JAPAN Available at hading department stores and stationary/book stores. Ink colour with matching rubber grip colour: •Black Blue Red 0 BALMAR MARKETING PTE LTD TEL: 235 9577 FAX: 733 7897 Member of
      57 words
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      Page 9 Advertisements Column 2
      90 9 always been even more you a the take for the awards ITi I H I (JH) PC to for mf p< Computing's Most Valuable ]if J I H jL Product Award to Word Pro for f| Home Office Computing's Editor's I Choice Award to Approach 96 for if i (|K
      90 words
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  • ASIA
    • Article
      Lock icon Japan poised for recovery, says PM
      379 10 TOKYO Govt welcomes first quarter ODP sport but private sector economists cautions AFP, Reuter JAPANESE Prime Minister Ryutaro Hashimoto said yesterday that figures released on Tuesday showing robust growth in the country's gross domestic product (GDP) indicated the economy was heading for recovery. "I'm
      AFP,; Reuter  -  379 words
    • Article
      Lock icon Huge budget cuts planned by new B'desh govt
      282 10 DHAKA AFP AS THE Awami League prepares to form Bangladesh's next government, its policy makers have started planning huge cuts in the next national budget, party sources say. A "drastic cut in public expenditure, rationalisation of tax structure and increased investments in
      AFP  -  282 words
    • Article, Illustration
      Lock icon Garden of learning
      49 10 [JAFFNA] Tamil schoolgirls reading their text books in the garden of their school in Sri Lanka s northern Jaffna peninsula on Tuesday. The government is slowly restoring civil administration in Jaffna after driving out Tamil Tiger rebels who held the peninsula for almost a decade. REUTER
      REUTER  -  49 words
    • Article
      Lock icon First cracks in coalition over austerity drive
      293 10 NEW DELHI Communist partner threatens poll-out over initial proposals AFP THE first cracks have appeared in India's new coalition government, which scrapped an ambitious austerity drive entailing Job cuts after warnings by leftist allies over the "anti-people" moves. Sources in the Communist Party
      AFP  -  293 words
    • Article
      Lock icon India will not endorse N-test ban treaty
      340 10 NEW DELHI AFP INDIA will not endorse the Comprehensive Test Ban Treaty (CTBT), in the final phase of negotiations before a. June 28 political deadline in Geneva, arguing that it is seriously flawed. The Times of India yesterday quoted informed sources as saying
      AFP  -  340 words
    • Article
      Lock icon Strikes cripple car industry
      365 10 SEOUL Gf?t warns it'll use force if utilities workers join in Reuter STRIKES crippled South Korea's car industry yesterday and the government said it planned to use force against workers at public utilities if they joined industrial action that threatened to sweep the country. A bitter
      Reuter  -  365 words
    • ASIA Notes
      • Article
        Lock icon India to overhaul aviation industry
        55 10 AFP [NEW DELHI] The Indian government said yesterday it would soon decide the future of foreign airlines operating on domestic routes and overhaul the local aviation industry. Civil Aviation Minister C M Ibrahim said he would give a verdict soon on the previous administration's liberalisation
        AFP  -  55 words
      • Article
        Lock icon Japan to create new fund to bail out jusen
        83 10 AFP [TOKYO] Japan is to create a new investment fund to help ease the taxpayers'burden ins scheme to bail out failed housing loan companies, or Jusm, government officials said yesterday. The decision was made during a meeting between ministers ted by
        AFP  -  83 words
      • Article
        Lock icon Sri Lanka to keep 5½hour power cuts
        51 10 Reuter [COLOMBO] Sri Lanka will stick to dafiy five and a half hour power cuts from yesterday because of inadequate rain in hydropower catchment arsas, a Ceykm Electricity £oard official said. The country reduced the dally eight-hour power cuts yesterday after monsoon rains
        Reuter  -  51 words
  • Page 10 Advertisements
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      854 10 BANKERS TRUST NEW YORK CORPORATION AND SUBSIDIARIES Incorporated with Limited Liability in the U.SA Consolidated Statement of Income Consolidated Balance Sheet Bankers Trust New York Corporation and Subsidiaries Bankers Trust New York Corporation and Subsidiaries (US$ in millions, (USS in millions, except per share data) except par value) Year Ended
      854 words
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  • THE WORLD
    • Article
      Lock icon Fed experiments with economy
      489 11 WASHINGTON US central bank walks tine between critics wanting lower mMwuplAymfflrt ami anti-inflation hawks Reuter THE US Federal Reserve is running a modest monetary experiment as it walks a fine line between critics who charge it with holding back the economy and its own hardliners who
      Reuter  -  489 words
    • Article, Illustration
      Lock icon Arafat in China
      52 11 [BEIJING] Palestinian President Yasser Arafat walking in front of the Mao Zedong Mausoleum, together with Chinese officials, after a wreath-laying ceremony there yesterday. Mr Arafat, on his 10th visit to China, held discussions earlier with Chinese President Jiang Zemin on the fate of the Middle East peace
      AFP  -  52 words
    • Article
      Lock icon Strong 1Q growth in productivity
      105 11 WASHINGTON Reuter AMERICAN business productivity grew strongly in the first three months of this year, the government said on Tuesday, helping paint a picture of moderate, non-inflationary economic growth. The Labour Department said its measure of non-farm business productivity, or output per worker hour, increased
      Reuter  -  105 words
    • Article
      Lock icon House passes bill to pare state regulation of funds
      309 11 WASHINGTON Bloomberg Business News THE House of Representatives has overwhelmingly passed a bill to pare state regulation of mutual funds and companies' securities offerings, while leaving states' enforcement authority intact. The House vote was 407-8. A Senate committee approved a similar
      Bloomberg Business News  -  309 words
    • Article
      Lock icon Kohl softens austerity measures
      341 11 BONN But Germany's EMU goals will not be in danger, say analysts Reuter CHANCELLOR Helmut Kohl has begun to chisel away at his tough austerity plans, which analysts say will lead to smaller-than-planned spending cuts but still enable Germany to qualify for the single European currency.
      Reuter  -  341 words
    • Article
      Lock icon Repeat of currency crises in Europe unlikely: EMI head
      323 11 LONDON Bloomberg Business News EUROPEAN economies are marching more in step and inflation is uniformly low, making a repeat of past currency crises unlikely, European Monetary Institute President Alexandre Lamfalussy said. Mr Lamfalussy, in charge of setting up the future European
      Bloomberg Business News  -  323 words
    • Article
      Lock icon Fed sees evidence of accelerating growth
      426 11 WASHINGTON But little sign of wage inflation, says latest Bloomberg Business News THE US economy continued to gain momentum in May and early June, while prices for raw and semi finished goods rose at an accelerating pace, the Federal Reserve said late on Tuesday.
      Bloomberg Business News  -  426 words
    • Article
      Lock icon UK gets warning from EC chief
      268 11 STRASBOURG, France Reuter EUROPEAN Commission President Jacques Santer threw down the gauntlet to Britain yesterday, saying that London must stop blocking EU business if this weekend's EU summit is to see an end to the "beef war". "To put it bluntly, we are waiting
      Reuter  -  268 words
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      271 11 Ja view^Csummitl I The Story of Bukit Timah Nature Reserve f 1 Carefully preserved as Singapore's m premier nature sanctuary, Bukit m a f Timah Nature Reserve is truly a M f ron I I marvel. A small stage where the m r intricate dynamics of survival M V among
      271 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      There is danger in that D-word: Deregulation
      792 12  -  THB BOTTOM LOVE OPINION By Anthony Rowley The writer is BT's Tokyo correspondent THE LETTER D is for deregulation but it may well come to stand for "dirty word" if the concept of economic deregulation continues to be pushed to the extreme lengths
      792 words
    • Article
      IN OTHER WORDS
      123 12 'Inflation continues to be hiding under the blanket' Robert Dederick economics consultant, on the US CPI increase of o.3per cent in May, the slowest in three months, and the 0.1 per cent PPI drop. 'What engagement means is that we do not avoid our differences, but that
      123 words
    • Article
      Another trade war averted
      612 12 ONE more Sino-American trade dispute has come and gone. Hie two sides were once again able to avert imposing trade sanctions on each other that would have cost billions of dollars to both the Chinese and American economies and harmed the entire trade system After winning
      612 words
    • Article, Illustration
      Lock icon The games firms play
      1041 12 Managers can learn a great deal from game theory, provided they do net use it asa substitute for business experience The Economist FOR old-fashioned managers, business was a branch of warfare a way of "capturing markets" and "making a killing". Today, however, the language is all
      The Economist  -  1,041 words
    • Article
      WHAT THE OTHERS SAY
      913 12 DENIAL of difference, melting-pot multiculturalism and universal detribalisation are all fine and dandy, but how do you behave if you know not who on earth you are? However, aggressive assertion of racial or ethnic identity can lead to dreadful horrors: the German-engineered Holocaust, the recent massacres
      913 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      48 12 DOOmaaBURY WiASIfBACKS By Gary Trudeau SOMeve&AFEJUST WrTs GOTTEN SO &G THAT SVBN V £LJ£Z£\ W CURIOUS AS TOHOWmz THSRBRS HOKJ TOUR OPERA- J SOUNDS W OerTER.\ I I m ALLCHANeeD. OTHZRS I TORS UJHOTAKS VETS OUTTOJ THEYPONT I Kl J COMB BACK TO TRVTD THE SURROUNDING k AUOURB-X
      48 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Puffing away to a wrinkled face
      909 13  -  Research shows that smoking damages the skin in many different ways, reports jamb e brodt JAMES BRODY NYT THE doctor could tell the patient had once been an attractive woman. But now, though only in her 50s, her face was etched with wrinkles, her
      NYT  -  909 words
    • Article, Illustration
      Lock icon Museum that's radical and conservative
      644 13  -  MUSEUM ChkagD museum set to stir controversy with a new building and collecting policy By. Andrew Stern Reuter (CHICAGO] Chicago's Museum of Contemporary Art is about to open a new US$46 million (Ss64 million) building that critics call too square and it may be about
      Reuter; REUTER  -  644 words
    • Article, Illustration
      Lock icon Turner firm accused of fraud
      435 13 FILM Producer's heirs sue Turner company over Gone With The Wind Reuter [LOS ANGELES] Heirs of leg endary Hollywood producer David Selznick have sued TV magnate Ted Turner's company, alleging it cheated them out of more than US$3O million (Ss42 million) in proceeds from Selznick's
      Reuter  -  435 words
    • Article, Illustration
      Lock icon Chrysler used by Lennon and Yoko fetches US$20,700
      346 13 AUCTION LAT-WP [NEW YORK] The Beatles yes, but The Ten Commandments? Not so fast. In fact, not at all on Tuesday at Sotheby's auction of music and movie memorabilia. With few exceptions materials connected with John Lennon, Marilyn Monroe, Jim Morrison and
      LAT-WP  -  346 words
    • Article, Illustration
      Lock icon Stellar four-litre choices
      1289 14  -  Take jour pick from a quiet Lots, sleek Jaguar, energetic Audi or handsome BMW By Christopher Tan {SINGAPORE] IF YOU are in the market for a four-litre machine but do not want the obvious choice (a Mercedes-Benz, of course), you have basically four alternatives: the BMW 740,
      ERIC CHU  -  1,289 words
    • BUMPER to BUMPER
      • Article
        Harlier launch of BMW 520i
        76 14 PERFORMANCE Motors has decided to bring in the 6201 ttis month —two months earlier than planned— because of overwhelming interest With tt, the Sins company will moet likely meet its target of drawing market share this year. As of May, BMW has captured almost 10
        76 words
      • Article
        Hertz is No 1 in car rental earnings
        54 14 CAR rental giant Herts is once again the top player in its field. Recently released 1906 figures show the Ford-owned compeny raking in UBSSJ billion (557.3 billion) in revera*, last year.ahead of Avis'USmbillkm and the DSH4 S£S»gC3£SsffiEnl vehicleeareintheBhoDforret>aira.lntheUS.Enteiriae has 368,000 cars, seoond
        54 words
      • Article
        Volkswagen recalling cars with defects
        44 14 VOLKSWAGEN Ag is recalling9so,ooocars worldwide to correct a defect in the engine cooling system. The recafi. indading cars models mads between 1963 and and Faasat ikH Oomrio mode* built in 18g8 and 1989. Local agant Ante w in? i%miiiniiii
        44 words
      • Article, Illustration
        Another Le win for Porsche
        53 14 h—«wg tUipyrfp firaoaritMba MdLirai F-l. iSiK-**--. Stuttgart company h*i built an entirely newcaiv the 911 $9 GT 1, for the race which until this week was sixth and 13th spots. Ftr Porsche fans, the good news is that a road-legal version of the GT is
        53 words
      • Article
        Renault Megane in soft launch
        66 14 IF YOU do not already know, Exklusiv Auto has soft-launched the Renault Megane as the right-hand-drive cars are not here yet But even with the Wt-handdrive versions in the showroom, Exklusiv is said to have garnered healthy orders. Those who want to tact-drive before committing
        66 words
      • Article
        Gm veteran named Saab president,CEO
        73 14 ROBERT Hendry, a General Motors veteran, has been nsmert c-hVefexeCTftiweofficer of Saab Automobile AB—a venture between GM Corp» its subsidiary Adam Opel Ag and the Swedish investment group. Investor AB. Mr Hendry succeeds Keith Butler-Wbeelhouae, who is leaving the company to "pursue another businssa opportunity".
        73 words
      • Article
        Nissan Olympic carnival at showroom
        54 14 TAN Chong is holding a Nissan Olympic Carnival at its Bukit Timah showroom premises this Sunday tooelefarste World Olympic Day and in conjunction with Nissan's sponsorship of the Atlanta Games. Visitors can expect to meet top Nissan designer A Fitfii Other activities include quixses, contests,
        54 words
      • Article
        Teaer for the launch of Korean car
        53 14 CHONG Lee Leong Seng, the company behind Kla In Singapore, will be launching the Korean marque next month. To stir up brand curiosity, the company has hung a huge banner across its Balmoral Plaza premises with a teaser line that shouts: "Who the
        53 words
      • Article
        Areas affected by road works
        108 14  -  Oiwißilty Christopher Tan ROAD works are affecting the following locations: Commonwealth Avenue West/Sungei Ulu Pandan, slow lane towards Jurong and fttst lane towards dty;Clemsnti Avenue 6/Sungei Ulu Pandan, slow lane towards PIE (both tillJulyaO); Commonwealth Avenue from Commonwealth Drive to Queensway (tin Oct 30); and
        108 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      169 14 i|r#ii ***** 1 Mav to 30 lung 1996 Available daily at Nibbles Cafe from 11.30 am to 6 pm. Come and savour all your favourite local delights at half the usual price. As a school holiday bonus, patrons will also be allowed to use the swimming pool. Nasi Lemak Now
      169 words
    • Advertisement
      Page 14 Advertisements Column 2
      108 14 From 2.30pm SO COME AND HAVE THE PLEASURE OF CURUNG YOUR TASTE BUDS AROUND THESE XIAMEN DELIGHT! Xiamen cuisine buffet lunch with an enticing spread of over 30 dishes reflecting their true heritage, including snacks and desserts. It is real value for money. SUMMR GATf HSTAMANT 50 Market yrwf 101
      108 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      321 15 Where to wine, dine and entertain Just as they said mm/nmmm marvellous, fantastic and none comparable. If you haven't tasted seafood at Long Beach, yen haven't tasted the seafood Mm Umterty Mn long beach marina I SEAFOOD RESTAURANT ■9 K (Planet Marina) V Opan Daily: 5.00 pm -IJO am Eg
      321 words
    • Advertisement
      Page 15 Advertisements Column 2
      158 15 I MORE THAN JUST SEAFOOD! I Betides live seafood, Singapore's largest outdoor seafood restaurant offers the Instant Asia Cuhural Show at no extra charge! Available from 8 pas to 8.40 pm, Mondays to Pridays. SIRSfI IRR j seafood restaurant 920 East Coast Parkway. Singapore 1344. Tel: 343 1111 j "PM
      158 words
    • Advertisement
      Page 15 Advertisements Column 3
      93 15 The Mezzanine. It's (he ideal place for you to sit back and j unload Then umrind over your favourite drink to the cool, unplugged rhythm of «w rendent hand. We're expecting you. Happy Hours Finger Snacki: spm to Bpm Cocktail** Entertainment: tpm to lan (weekdays) ■pot to 2am (weekends) 3330d»dlUU.Si.»».wMt7.-M:
      93 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      738 15 TV&RAPIO ICM News 5 Tonight. 8.00 Berita 12 (M). l iii ,ugnTSTyaMl^ ILOO Party of Five. BJO Layarl2. COO AM Euro '96 Soccer Cro- ilm Silk Stalkings. 10.00 My Destiny (Japanese atiavsPortugal(r). mm am Extra International Drama). CM Euro' 96 Soccer: Italy vs (Set Our Choice). 11-30 TV Innovations. Germany
      738 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      182 15 CBYPTIC CROSSWORD mow 7 Attending the trial, being a witness (9) F I I I I I I I I I I 8 Answer to do with exer10 or two per12 Goddess time j|IKZZ!JIIIH drawn, so It's said 17 Crime did seem unusual sciously 25 taMnSC d 26 Having no
      182 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      305 16 IF ONUr ALL INVESTMENTS WERE AS WELL PROTECTED. THE BMW 7 SERIES. Quite apart from being beautifully sculpted, you is, in addition to covering the cost of all scheduled luxuriously styled and dynamically engineered, the servicing, we'll repair and/or replace parts free of charge. BMW 7 Series really is a
      305 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Bakun expected to offer shares at M$1.50-M$1.80
      591 17 4b shares likely to lie offered in IPO, listing targeted for last quarter of this year MBT (KUALA LUMPUR] Bakun Hydroelectric Corp Sdn Bhd (BHC) which is to build the second largest dam in the world and probably will be the first infrastructure
      MBT  -  591 words
    • Article
      BA overtakes SIA in profit
      383 17  -  Fall-year £473 m net prefit pips SIA tat loses out on margins By\ Rahita Elias [SINGAPORE] Latest results for the full-year to March 31 show that British Airways (BA) has pipped Singapore Airlines in profit performance and become the world's most profitable airline. For the
      383 words
    • Article
      SIA unit stages $100m turnaround
      235 17 [SINGAPORE] Singapore Airlines' (SIA) wholly-owned investment subsidiary Auspice staged a $100 million turnaround in the last financial year. For the year to March 31, 1996, Auspice reported a profit of about $60 million compared with a loss of $52.4 million the previous year. SIA chairman
      235 words
    • Article
      A pyrrhic victory for opponents in Amcol tussle
      758 17  -  HOCK LOCK SIEW Tan Sai Siong IN an ironic twist, Sukamto Sia, who had been stalking Amcol Holdings, will get his wish—or much of it anyway in seeing a board change at the company. This is courtesy of a directive from the
      758 words
    • Article
      Lindeteves-Jacoberg launches IPO today
      254 17  -  Sesdaq listing shares expected to be priced at about 70 cts each By' Ven Sreenivasan [SINGAPORE] Diversified conglomerate LindetevesJacoberg is launching a Sesdaq initial public offering today. The company which was set up here in 1947 as a Dutch trading house and has since expanded into
      254 words
    • Article
      Marco Polo in loan deal
      110 17 [SINGAPORE] Marco Polo Developments said yesterday that the company and its wholly-owned subsidiary MP-Bilt are taking a $530 million loan from two banks for its Ardmore Park condominium project. It said money from the four-year project loan, offered by the Hongkong and Shanghai Banking Corporation
      110 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon CNAC cuts stake in Cathay
        478 18  -  Bedoctkn of stake to LS% follows landmark deal making CNAC Dragooair's biggest shareholder Frorn Quak Hiang Whai in Hongkong CHINA National Aviation Corporation (CNAC) has reduced its stake in Cathay Pacific Airways from 4.1 to 1.5 per cent, shortly after the Bei-jing-controlled company completed a
        Source: Bloomberg; ALLAN  -  478 words
      • Article
        IPC in joint venture to tap India IT market
        165 18 [SINGAPORE] Homegrown computer company IPC Corp said yesterday it has formed a joint venture with an Indian partner to expand into India's lucrative IT market. IPC will have a 50 per cent stake in the new company, Graphtech India Ltd, which
        165 words
      • Article
        CSA, British Telecom unit form alliance
        251 18 [SINGAPORE] CSA Holdings has formed an alliance with Syntegra, the systems integration subsidiary of British Telecom, to install computer systems in the Asia-Pacific. The two companies will jointly bid for large-scale computer systems projects in the region. They will first focus on systems integration
        251 words
      • Article
        Lock icon Kumpulan plans to give up unprofitable overseas units
        358 18 Move will help cot costs, streamline management Bernama [KUALA LUMPUR] Planta-tion-based Kumpulan Guthrie Bhd plans to dissolve one or two of its overseas units which are not contributing to the group in order to streamline management, reduce costs and overheads and introduce
        Bernama  -  358 words
      • Article, Illustration
        Lock icon AsiaSat up 25% in HK debut
        158 18 Reuter [HONGKONG] Shares of Asia Satellite Telecommunications Holdings Ltd (Asia Sat) ended their first day of trading in Hongkong at HK124.7S yesterday, up HK54.95 or 25 per cent, from its net issue price of HK$l9.BO (553.60), which excluded brokerage fees and the stock exchange
        Reuter; Source: Bloomberg  -  158 words
      • Article
        Lock icon Berjaya Singer pre-tax profit rises 29%
        183 18 Bernama [KUALA LUMPUR] Berjaya Singer Bhd has recorded a rise in group pre-tax profit by 29 per cent to M 577.56 million (5543.7 million) for the year ended April 30, from M 560.22 million last year. Berjaya Singer, formerly known as Singer Holdings (M)
        Bernama  -  183 words
      • Article
        Lock icon O'Connor's sues former employees
        140 18 Bernama (KUALA LUMPUR] O'Connor's Engineering and Trading (M) Bhd yesterday said it had taken legal action against its former executive director, Eddy Chong Kock Sang, and a senior manager, Simon Ng Kian Teck, who both resigned from the company on June 3. O'Connor's, the sole agent
        Bernama  -  140 words
      • Article
        Lock icon Deutsche Telekom deal likely soon: TRI
        319 18 Reuter [KUALA LUMPUR) Malaysia's Technology Resources Industries Bhd (TRI) will sell 10 per cent of its stock to German telecommunications giant Deutsche Telekom AG in a deal that is expected to be signed very soon. TRI chief executive Tajudin Ramli said yesterday that Deutsche
        Reuter  -  319 words
      • COMPANY Briefs
        • Article
          Lock icon SES sees more foreign-currency listings
          68 18 Reuter [LONDON] The Singapore Stock Exchange expects to see farther growth In foreign currency-denominated securities compared to securities denominated in Singapore dollars, exchange deputy chairman George Teo said yesterday. As of May 20, the exchange had 37 non-Singapore dollar listings. In addition, fond management in
          Reuter  -  68 words
        • Article
          Transpac in US$7.8m China investment
          88 18 [SINGAPORE] Transpac Industrial Holdings said yesterday it is investing in a Chinese wheel maker through Gacosia International Holdings. It will pay US$7.B million (559.2 million) in cash for shares in Gacosia, which is a major shareholder in the Nanhai Zhoqgnan Aluminum Wheel Factory in Guangdong.
          88 words
        • Article
          Haw Par clears up CPF warrant use
          98 18 [SINGAPORE] Haw Par Brothers International yesterday clarified an earlier announcement it made on the exercise price of its warrants. It said shareholders may use their CPF funds under the Bask Investment Scheme or the Enhanced Investment Scheme to pay for the exercise price.
          98 words
        • Article
          Metro unit buys new associate
          48 18 [SINGAPORE] Metro Holdings' wholly-owned subsidiary, Metro Pte Ltd (MPL), has acquired a new associate company, YolenaPte Ltd MPL paid $1 for one ordinary $1 share, representing half of Yolena's Issued capital. Yolena was incorporated in March with an authoriaed share capital ofloo,ooosl shares.
          48 words
        • Article
          Ho Wah shares suspended
          37 18 [SINGAPORE] Sesdaq-listed Ho WahGenting asked the stock exchange to suspend trading of its shares yesterday until further notice. The counter roee 5 cents to $1.22 on a volume 0f141,000 shares before being suspended.
          37 words
        • Article
          Corrections and clarifications
          41 18 [SINGAPORE] Pacific Carriers Ltd has pointed out that the company's associate, Maxget Sdn Bhd, entered into shipping contracts worth USII.I million (511.54 million) and not Sfl.l billion as reported in BT yesterday. We are aorTy for the error.
          41 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon 40% foreign stake in Formosa's China project
        246 19 Bloomberg Business News [TAIPEI] Taiwan's Formosa Plastics Group will set aside a 40 per cent stake in a proposed US$3 billion (554.22 billion) China power plant venture for a foreign partner or partners, according to group documents filed with Taiwan regulators. "They expect
        Bloomberg Business News  -  246 words
      • Article
        Lock icon World chip markets may double to US$300b by 2000
        425 19 Texas Instruments, Intel Corp and SGS-Thomson paint rosy outlook at technology seminar Reuter [NEW YORK] Representatives of Texas Instruments, Intel Corp and SGS-Thomson said on Tuesday they expect world semiconductor markets to double to US$3OO billion (Ss42o billion) by 2000, despite
        Reuter  -  425 words
      • Article
        Lock icon Seagate buys Holistic for US$84m
        161 19 Bloomberg Business News ISCOTTS VALLEY, California] Seagate Technology Inc said it acquired Holistic Systems Ltd, a UK-based provider of business management systems, for US$B4 million (Ssl 18.21 million) in cash. The closely held company will join Seagate Software, which provides a range of information access,
        Bloomberg Business News  -  161 words
      • Article, Illustration
        Lock icon Workers unite
        50 19 [NEW YORK] Hundreds of workers protesting outside Macy's department store here over alleged harassment and discrimination by a Canadian company that supplies the store. The demonstration on behalfof workers at Peerless Clothing Inc of Montreal, was organised by the Union of Needletrades, Industrial and Textile Employees (Unite). REUTER
        REUTER  -  50 words
      • Article
        Lock icon China to push for listing of two airlines on NYSE
        250 19 CAAC denies holding back listings in favour of own unit Reuter [BEIJING] China will push to list two domestic airlines on the New York Stock Exchange and will help more local firms to list overseas, aviation officials said yesterday. "We
        Reuter  -  250 words
      • Article
        Lock icon Mercury plans NZ$400m-$500m issue
        318 19 Electricity company share issne wonld be NX's second-largest Reuter [WELLINGTON] Electricity company Mercury Energy said yesterday it planned a NZ$4OO million to NZ$5OO million (Ss3Bl million to ***** million) share issue, which would be the second largest in New Zealand's history after Telecom Corporation. Finance general
        Reuter  -  318 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon London watchdog to review world metal trade
        489 20 THE SUMITOMO DEBACLE Inquiry also into involvement of UK brokers in conduct of disgraced Japanese trader Reuter [LONDON] The British financial watchdog announced yesterday a top-to-bottom review of the London-based world trade in metals in reaction to the Sumitomo copper scandal. A statement
        Reuter  -  489 words
      • Article
        Lock icon Group seen using assets, reserves to write off loss
        321 20 Reports: Firm knew of accounts said to have been used for unauthorised trading AFP, Reuter [TOKYOI Japanese trading house Sumitomo Corp plans to dip into its capital reserves and dispose of assets to write off US$l.B billion (552.5 billion) in losses
        AFP,; Reuter  -  321 words
      • Article
        Shocks to copper market well absorbed, says LME
        234 20  -  From. Neil Behrmann in London THE London Metal Exchange (LME) announced yesterday that its clearing and trading arrangements "satisfactorily absorbed the major shocks to the copper market". All brokers fully met their margin calls and all trades of June futures and options
        234 words
      • Article
        Lock icon Euroyen up on short-covering
        191 20 SI MUX Report Reuter [SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures ended higher on short-covering yesterday, helped by the firmer yen against the dollar, dealers said. But they said the market's tone remained cautious over mixed signals from Japanese officials on the staying power
        Reuter  -  191 words
      • Article
        Lock icon CURRENCY REPORT
        175 20 Reuter, AFP Tfwi4iwi THE dollar turned mixed yesterday after renewed fears that Japan's surprisingly strong economic growth could provoke a rise in interest rates. The US currency fell briefly to a low of 107.65 yen having traded for much of the European day well above 108 yen. A
        Reuter,; AFP  -  175 words
      • Article
        Lock icon Lower US stocks, cyclone off India boost oil prices
        277 20 ENERGY REPORT Reuter [LONDON] Oil prices ticked higher yesterday with the help of a drawdown in US oil stocks and concerns over cyclone damage to Indian oilfields. A bid by an oil employers association in Norway to lock out striking drilling
        Reuter  -  277 words
      • Article, Illustration
        Lock icon Coalminers get wives' support
        56 20 {SANTIAGO] Chilean police blocking the paths of wives of coalminers who were protesting in front of the presidential palace in downtown Santiago on Monday. The women came to Santiago to support their husbands who have been on strike since May over the dismissal by Mate coal
        REUTER  -  56 words
      • Article
        Lock icon Banque Paribas to boost capital by 4b francs
        159 20 Reuter {PARIS) French investment bank Banque Paribas said on Tuesday it will carry out a capital increase worth four i billion francs (551.09 billion) to strengthen the bank and help future development. "This capital increase will strengthen the financial structure of Banque
        Reuter  -  159 words
      • Article
        Lock icon China Industrial Bank plans to increase forex business
        175 20 Reuter [BEIJING] The Industrial and Commercial Bank of China has set new targets for foreign exchange business to meet intense domestic and overseas competition. A senior bank official said the bank planned to do international settlements for 22 per cent of China's
        Reuter  -  175 words
      • Article
        Lock icon First mutual fund for Net stocks to be sold only through Net
        224 20 Reuter [NEW YORK] Munder Capital Management said it plans to offer a mutual fund devoted exclusively to Internet-related stocks that would be purchased only on the Internet. The Munder Net Net Fund appears to be the first to
        Reuter  -  224 words
      • Article
        Lock icon Electronic cash won't threaten policy: Fed
        204 20 Reuter [WASHINGTON] The development of new electronic payment products and so-called "electronic cash" does not threaten the US central bank's ability to apply monetary policy, Federal Reserve governor Edward Kelley said on Tuesday. Speaking to a conference in Dallas on the future of Internet
        Reuter  -  204 words
      • Article, Illustration
        Untitled
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        1,163 words
    • Article
      COMMODITY PRICES
      1436 21 aUXIMWTUMi Junto RVOOCO (Mm dNtaf «t UQot) RSSICOVTMCTcScmMd On# Mm OpM Mm> tn ftaawa) iihwt MH ***** 1050 *«M 203J0 t950 Sap 96 MOJO 2425 0ct/DK96 INL50 190.00 MlOO 225 ***** Jw/Mar 97 190.00 197.50 197.50 225 3075 Apr/JM97 197.50 900 900 RSSlC0NTMCT(UScMtWht> Mnn Opaa Haati Him Lot
      1,436 words
    • Article
      WORLD STOCK MARKETS
      1981 21 i;,,' it"*** *t»n Net* A-A-CocpAdr 621/4 -3/4 AB Ports 284 *1 AhPey National 551 AIM Lyons 465 -4 Am* 110.400 ♦.400 Ar*Y« 352.320 6.320 Asda Group 118 unch •AT M 513 *3 WCC 326 unch BOC Group 943 -2 H Petroleum 557 -6 •T* 257 -7 Bank
      1,981 words
    • Article
      Lock icon TOKYO
      1589 21 Bloomberg Business News HKjktoiMS <MN JAPANESE stocks were little changed as optimism about economic growth offset concern that the growth would lead to higher interest rates and a stronger yen. The Economic Planning Agency said on Tuesday that Japan's gross domestic product grew a higher-than-expected 3 per cent in
      Bloomberg Business News  -  1,589 words
    • Article, Illustration
      Lock icon HONGKONG
      1620 22 Bloomberg Business News n Hang Seng -4&31 SHARES ended modestly lower in hushed pre-holiday trade yesterday, weighed down by falls in Wall Street stocks and the US dollar, brokers said. The blue chip Hang Seng Index eased 48.31 points or 0.44 per cent to end at 10,904.47. "It dropped
      Bloomberg Business News  -  1,620 words
    • Article, Illustration
      Lock icon CHINA
      569 22 Reuter P Shanghai B Share ladex -LO7 THE B Share Index closed down yesterday on a technical correction after days of heavy gains and a plunge on the Shenzhen market, traders said. The index closed down 1.07 points or 2 per cent to 52.71 points, on volume of 24.7
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  569 words
    • Article
      Lock icon TAIPEI
      340 22 AFP QwPMm *9UH PRICES in Taiwan finished 0.9 per cent higher yesterday as bargain hunters pursued cement and financial plays, brokers said. "Following yesterday's slump, some investors stepped in to pick up cement and banking shares while most investors refrained from taking initiatives ahead of the holiday," said Huang
      AFP  -  340 words
    • Article, Illustration
      Lock icon JAKARTA
      665 22 AFP |3 Camiioritft Index -5.0* SHARE prices closed 0.9 per cent lower yesterday, with most foreign investors sidelined amid concerns about political stability and ahead of Initial public offerings. "Having thousands of people marching on the central part of Jakarta is never, never good for the market," said a
      AFP  -  665 words
    • Article, Illustration
      Lock icon BANGKOK
      791 22 AFP □SET Index -4M THAI shares ended lower in light trade on consolidation in some blue-chip bank shares following gains on Tuesday, brokers said. The SET Index closed 4.86 points off at 1,253.51 on light 3.56 billion baht trade. The SET-50 eased 0.42 point to 96.71. Brokers said most
      AFP  -  791 words
    • Article
      Lock icon MANILA
      334 22 AFP QlUniU *16.75 PHILIPPINE share prices rose 0.5 per cent yesterday due to aggressive local buying but investors remained cautious about US interest rates, analysts said. The Philippine Stock Exchange Composite Index rose 16.75 points to 3,186.83 points. Volume fell 16.7 per cent to 14.73 billion shares while value
      AFP  -  334 words
    • Article
      Lock icon SEOUL
      343 22 AFP pOroostolilg *7.26 SHARE prices closed 0.8 per cent higher on the Korea Stock Exchange, as investors set aside concerns about labour unrest, dealers said. "The notion that the market has reached the bottom is beginning to gather support," said a dealer at Haryin Securities. The Composite Price Index
      AFP  -  343 words
    • Article
      Lock icon SYDNEY
      599 22 AFP HinOrtiMriM HJ SHARE prices closed 0.2 per cent stronger despite the continuing weakness of market leader BHP, which brokers said was being marked down because of its exposure to copper. The All Ordinaries Index ended 4.9 points higher at 2.233.2. The All Industrials Index gained 10.6 points to
      AFP  -  599 words
    • Article
      Lock icon WELLINGTON
      275 22 Reuter PWdßngtm -an SHARES closed mixed to weaker yesterday. The NZSE--40 Capital Index shed 3.21 points to close at 2,086.61 after climbing more than 60 points in the previous three days' trading. Reuter Jmti «a *t- rww AN2 Banking 6.69 -0.01 ***** A«vant*q*sHM91 1.58 *003 ***** Air Nn ZMland
      Reuter  -  275 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Time Engineering leads stock rise
        7499 23 KOALA LUMPU RBeports Bloomberg Business News Composite Index +&32 STOCKS rose, led by Time Engineering Bhd, which gained 8.5 per cent amid speculation that the company will sell at least part of its telecommunications unit. "If it goes through, it will be very cash rich,"
        Bloomberg Business News  -  7,499 words
    • WARRANTS & OPTIONS
      • Article
        F&N (M) warrants interesting
        3711 24  -  WARRANT WATCH By\ R Sivanithy FRASER Neave (Malaysia) has two warrants currently listed on the' Kuala Lumpur Stock Exchange, one expiring in 1996 and a brand new one expiring in 2001. Both are interesting not only because they display exactly the characteristics we will expect from
        3,711 words
    • Article
      CLOB INTERNATIONAL
      2199 24 MALAYSIAN Willi "111! PIWHIIW—IW11 I' HlllMWI'l'WIW 111 WIMMM Or Or WM Last Vat Day LaatOvata Dtv Mv VM Nat MCap HOga Laa Stna Ciipiay tata COOO) HlgOi Law Bayar Mhc C*vr P/t «awM «w awsoc- m 1 u in m no m so I* at *u toao n
      2,199 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        930 25 TUMIOVU COOO) VALUf rOOO) wh cn» t«*i mm o» nt* MMMTM 22.997 MM t%4t3 93.044 >«9T 107.345 BMW 4J4J 2.49* 7,041 27.MS UN 32,924 mm ura cos urn um m 43*4 4,909 9,9t2 <4,721 ***** H210 14.534 MMtaHM M7 *97 VIM 1.854 IM| 444 444 *74 *74 K-W UH 4,19*
        930 words
      • Article
        MAIN BOARD
        4504 25 Gr Gr M Wt HH L*t VM Day Last Qwata Otv Otv Vtd M Cat Avg Law um Ciw>m» m roooi N8g> Law fcy* «—»r cw M M MMSfMALS 5146 ASENTS***** US- 214 MS 1250 AcarSOc USI92cocd *4 T2 192 186 190 192 ION 73 0.9 1t9 317.8
        4,504 words
      • Article
        SESDAQ
        877 25 Or Or M Wt IMO Last VaI Day LaatOuata CM* Mt W M C« Am t— WW Capmmf Ml fOOCI W» U» lnw 8a8ar Pw M >3 Ww sun 2*9 228 2000 A8ftHK*s5c 231 Cd *2 35 231 228 231 233 3.0 I4J ai 144.4 102.7 231 234 131
        877 words
      • Article, Illustration
        HOT STOCK
        67 26  -  %l Paul Leo TRADING in Hai Sun Hup picked up strongfy in the last two trading sessions but tt is uncertain whether it will break above resistance at $1.10. The main board counter rose 1 cent to $1.06 with 792,000 shares traded yesterday, 2.6 times the lOday average
        67 words
      • Article, Illustration
        Market turns firmer, but not convincingly
        859 26  -  mCKKIBIR COMMENTARY Rise seen as technical; low volume points to a mixed finish today By R Sivanithy [SINGAPORE] Nerves got in the way of a raUy in the local stock market yesterday. A sharp upward spike in prices in the morning was capped by
        859 words
      • ON THE GRAPEVINE
        • Article
          Second wind?
          62 26 THE Kuala Lumpur Stock Errimng* Second Board Index has jumped more than 18 points or 4 per cent in the past two days, leading some dealers to speculate that after correcting for about a month, tfs about to make a comeback. Sceptics are not convinced, however, saying its
          62 words
        • Article
          A changed man for Russia
          109 26 IT is widely known that the global newsmagazine market is an extremely competitive one and the players often take delight in showing each other up. The one-upmanship continued this week with American Newsweek taking a dig at its stuffier British competitor, The Economist. In its
          109 words
        • Article
          A SingTel placement?
          96 26 THE strong showing of Sing Tel has prompted market talk that Temasek Holdings could be considering a placement of the company's shares to foreign institutions. Some market watchers believe that the chances of* foreign placement woe boosted when Morgan Stanley included Sing Tel in its Capital Index
          96 words
        • Article
          Another way of saying money
          56 26 FEW in the market will know that a little-known private investment company called Yenom belongs to iowproflle Goh Chang Liang, founder of the Wuthelam group. Fewer still win recognise that Yenom, a name created by the immensely successful Goh, is actually'money* spelled backwards. A witty
          56 words
        • Article
          Reading in between the deals
          70 26 SINGAPOREANS are indeed a suspicious tot Several property observers are wondering why Pidemco Land bid ao aggressively for the two enMoc property deals in Stelfbrd Road. "They are a government company, and maybe they know something about the Shelford area which we don't," ventured one
          70 words
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      173 17 f He* Take the hint. Change your projector. A A good protector con make an the difference to a good presentation And of course to your business. EVdD Tl Which is why you need the new Sony Multiscan Data Projector. MAKE YOUR AUDIENCE SIT UP H AND TAKE NOTICE WITH
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      57 18 "WSJKKUL Pot Dispenser Mmmm Room Temperature Hot/Cold Counter Top Hot/Cold Water Dispenser R134 Ozorm Friamty Compranor A Hot/Cold with w ,sw,to S£SSES».,«. MWNfcif of MwrwfconH BoMWMfAiiocMon WANIN INDUSTRIES PTE LTD 167-A Thomson Road, Goldhill Centre, S'pore *****9 Tel: *****88 Telex RS ***** Fax *****08 Johor Tel: 07-*****97 07-*****68 Fax 07-*****98
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      165 18 The directors of Broadway Industries Limited, a company listed on the New Zealand Stock Exchange, are seeking expressions of interest for its subsidiary, Chemstock Animal Health fcimited. Key features of Chemstock include: annual turnover in excess of NZ$5O million New Zealand's only nationwide distributor of veterinary products •dominant market share
      165 words
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      561 19 China- Singapore Suzhou Industrial Park Land For Tender The China-Singapore Suzhou Industrial Park in the booming Yangtze Delta of the world's largest emerging market and only 75km away from Shanghai, the China-Singapore Development Co. Ltd (CSSD), a 65-35 joint venture Suzhou Industrial Park is a large 7000 hectare comprehensively planned
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      90 23 For real- time stock information, call Quick Stock on 1900-913-0003 at 30 cents a minute. O Stock numbers are available in the stock pages of Jor ihose driven passion, precision The Business Times and Lianhe Zaobao. anc^ exceptionalckxterity afmosi as muc£as t/ie QrancfJffaster Aijnsefjf. v >/{. \y v -AAvaibble exclusively
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      33 24 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai Qiy -IMCC a|| y six times daily. Enjoy gourmet food, vintage French wines and a standard of service that's
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      103 25 Off WE'RE A BANK OF KNOWLEDGE ON ElB UNIT TRUSTS. TO LEARN MORE, JUST CALL. Investing in unit trusts is a good way to diversify your portfolio. And nowhere will you find a greater body of knowledge about them II j than at Citibank. To find out about our full
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      133 25 To: SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period □12 months Q 6 months 3 months at SSM.OO at Ss4t.M
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      397 26 BUSINESS Notices to \l)\lk i IS i: < \I. i. toii-ikii; isno -1 a i iss .< MTTC NATTER OF TIC COtPAMES ACT CAP. 50 AND MIME HUTU OF n can anrrr n ennui SSWICES PTE LTD NOOTCE OF 9FECML HESOUinON FOR NBMBV VOLUNTARY WMDMQ-UP At an extraordinary general meeting
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      417 26 NOTICE Bank of Queensland Limited Series 2 Transferable Loan Certificates ("TLCs") repayable 9 December 1997 In accordance with the provisions of the TLCs, notice is hereby given that for the Interest Period from 20 June 1996 (inclusive) to 20 September 1996 (exclusive) the Interest Rate applicable to the TLCs is
      417 words
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      8 26 Home Decor -For people who love their homes
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      155 26 M THE MATTER OF THE COMPANIES ACT, CHAPTER SO ANO M THE MATTER OF LONSOALE DEVELOPMENT PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which isbeang wound up voluntarily, •re required on or before 23 July 1996 to send in their names
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      226 26 M THE MATTER OF THE COMPAMEB ACT, CHAPTER M AND M THE MATTER OF LONSDALE DEVELOPMENT PTE LTD (In Voluntary Liquidation) At aa Extraordinary General Meeting of the members of l,mdal» PBwlnpmrt ft»Ui duly convened and held at 9 Penang Road #01-03, Park Mail, Singapore *****9 oa 12 June 1996,
      226 words
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      Page 26 Advertisements Column 6
      479 26 Singapore Closing Share Prices 19/06/1996 CLOSE PREV LOW HIGH OSS USS US* USS mlligr JanJine Matheson 7.06 7.15 7.05 7.25 ITfißlil Jardln Strategic 3.02 3.08 3.02 3.04 LTOyf J Daily Farm 0.805 0.81 0.805 0.815 KIM Hongkong Land 2.27 226 224 227 ■MRRfgi Mandarin Oriental 1.38 1.38 1.38 1.39 Bfiimilga
      479 words
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      125 26 jefThe 1 Business Times Abold owtookaadifioiifproadilDteßcwsadvews. •F<»wiilrirn^*4i>enKaßflgof4cncws. Staper focus <a bosses ad rates. •Dcepaan^tftn^«jmarcq*M«idconnniary. ■Start my iSubscription now! j $165.20 (12 months for local) 1 AA. M A fI it Jill 11 t i- *"1 I (in WK OQJaB f WfKTt —DC OJbJbu Of neWRgfUT llVwwfl.' Nw*(MrfMn/Ms/Dr'): j j I
      125 words
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      28 26 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      297 27 Knight-Ridder, Reuter RATE levels continued to slip on most key routes for July cargoes, brokers said. The handysixe market remained in the doldrums. Brokers said the capesize market was overtonnaged and saw little hope in rate levels rising. Fixtures TAJUUUUk The very large crude carriers continue to be
      Knight-Ridder,; Reuter  -  297 words
    • Article
      MARITIME STOCKS
      191 27 J—M V- «SS 5 c—c»ii 11 mil mi _uo -aos ra rtU 7.99 men 134 FrvtaMLMs 0.765 *0u009 8 9»)NMnvi Lf7 HMSwiHup 104 «OlM 7M WnWHHH ON -OuM 99 H*m> »H 400| -ss s •Wi vmmmbmmmmmm V4Z ♦V»01 «lj MrnMrfkN US 2/79 gnc* 90 w*?f* J§ csa*—& ss
      191 words
    • Article
      E Thailand to get new transhipment centre
      500 27  -  3b baht Global TransPark is one of at least three being bnilt worldwide From Alan Boyd in Bangkok A THREE billion baht (Ssl67 million) transhipment centre that will act as a terminal for both marine and air cargo has been planned for eastern
      500 words
    • Article
      Lock icon Saudi firm launches expansion plan
      191 27 AFP [ABU DHABI] Saudi shipping company NSCSA will launch a new 5-year expansion plan aimed at maintaining its position as a major force in the world chemical carrier business. The National Shipping Company of Saudi Arabia, the second biggest petrochemical transporter in the world, said
      AFP  -  191 words
    • Article
      Shipbuilder PAL leads the way for the industry in Indonesia
      543 27  -  MEWBtJILDS ■y David Hughes INDONESIAN stateowned shipbuilder PT PAL has an order for five containerships from Djakarta Lloyd. Two will be 1,600TEU ships, the other three 400-TEU vessels. Both classes would appear to fit into the feeder and short-dis-tance-liner trades.
      543 words
    • Article
      Lock icon Danish yard signs supplies pact
      56 27 Reuter [COPENHAGEN] Danish shipping and shipbuilding group J Lauritzen's Danyard shipyard unit said on Tuesday it had entered a new strategic pact with steel wholesaler Sanistaal to rationalise supply systems. Danyard said the deal was designed to Improve Danyard's efficiency and competitiveness and would operate
      Reuter  -  56 words
    • Article
      Lock icon Indian port union proposes merger of two port trusts
      253 27 It says no logic for Mnmbai, Jawaharlal Nehrnportstobe managed separately Business Line [MUMBAI, India] The All India Port and Dock Workers Federation has mooted the merger of Jawaharlal Nehru and Mumbai port trusts. This was suggested in a memorandum submitted recently
      Business Line  -  253 words
    • Article, Illustration
      SML pays A$12m for Dilmun group
      165 27 [SINGAPORE] Sembawang Maritime acquired on June 7 the entire shareholding of the Dilmun Navigation Group of companies for A 512.6 million (Ssl4 million). It had bought the group from Australia's Howard Smith. The companies involved in the acquisition are Dilmun Navigation Co UK, Dilmun
      165 words
    • Article, Illustration
      Lock icon New airport clears for take-off
      758 28  -  OHBK LAP KOK: THE LARGEST CIVIL ENGINEERING PROJECT IN THE WORLD After Britain and China's intractable squabbling over funding for Hongkong's Chek Lap Kok airport, such an air of cooperation now prevails that the airport is expected to be running at full throttle from the
      AFP  -  758 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      287 28 PAGE Evergreen 6 Id n Emprime 13 AM 3 Fwmn AMe 13 Feedertrans 13 Accord 12 ft-BrigM 7 AhrtaM 4 FoongSun 12 AppensMp 4 Frot4 K Astro 3 Frt ort 1 Austral 11 CUnk S Avant 6 dtmnUtM 13 BSA 7 Genshpg 13
      287 words
    • Article
      SHIPPING GUIDE
      13593 34 EXPORT ETA ETA ARvortMar VMS* Voyaoa W»w CTA CTA AOvortNor Vnu* Voyo«a TsMpAons SIN Dosfn Nama WW Nymbar Mumbor SIM Oosfn Nww Hmm Huh** Mg»g._ M/W 00/07 ECL MANMRI JAVA I *M247tJI Tb ABIDJAN (ABJ) 2003 BOMBAY (BOM) 2053 Ivory Const, Cote D'lvoire ,nc LLJ 2VM 2VM Ha*n
      13,593 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        408 41 VtW< Vpy WO BftN Arrival Pt-rtiiro *w*Nrt J11 ttongsid* 20.06/1200 y**. J* tfO«*idt 21.06/1900 "3* J01 ttonqud* 20.04/0800 W JOI nwytm 19.06/0600 3- Cvm V* J01 dongsMt 19.06/1230 J01 KongsM 19.06/1500 3» P*W95 26/96 J01 Manga* 19.06/1900 J 9/96 JOI HofriO 19.06/1530 52/96 JOI tfongsMt 19.06/0500 W 1
        408 words
      • Article
        CONTAINER SCHEDULES
        1184 41 >ccoyim of epqut fci cowtmhbis uu lo. IhHM/II—U Rftts voy Wo Etfc/itr NrtM fnm T» Frw ovw ivono a wrrw nmn kvowo l a/oroo n/m* kmc wboo aflm wttoo wwr wSi KISS. N/otH c oe 1 MM aflm mm 4 2VOOO aflm MflTOO 22/ojoo H im imj im
        1,184 words
      • Article
        COCKETT BUNKER MARKET REPORT
        775 41 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        775 words
      • Article
        GLOBAL HOLIDAY
        460 41 JUNE 30 Hongkong: Tuen Ng Festival. Taiwan.: Dragon Boat Festival JUNE 21 Finland: Midsummer's Eve. JUNE 34 Argentina: Flag Day. Canada: Market and public holiday Quebec only, St Jean Baptiste Day. Luxembourg: National Day. Portugal: Market holiday only in Oporto, Saint Peter. Spain: Market and public holiday in
        460 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon China-S Korea passenger jet project collapses
        406 42 But Bering tows to go ahead with scheme to build 100-seat airplane with two other partners AFP [SEOUL] A US$2.5 billion (553.5 billion) project between China and South Korea to build a mid-sized passenger jet has collapsed, the two sides confirmed yesterday, but China
        AFP  -  406 words
      • Article
        Lock icon AIA still keen to go ahead with plane venture
        102 42 AFP [BEIJING] An official at the European consortium AIA said yesterday the group remained keen to build a 100-seat airliner with China, even though South Korea had pulled out of the project. "The programme is moving forward (and) discussions with the
        AFP  -  102 words
      • Article
        Lock icon China car makers confident of support for market
        248 42 Reuter [BEIJING] Car prices may fall and vehicle sales may slump, but Chinese carmakers are confident Beijing's automobile mandarins will keep their dreams of a huge car market alive, company officials said on Tuesday. Beijing would support China's automobile market with domestic
        Reuter  -  248 words
      • Article, Illustration
        Lock icon Sleeping on a jet plane to New York
        68 42 [TOKYO] Japan's All Nippon Airways announced on Tuesday that it would introduce first<lass seats which feature 180 degree reclining capability on some of its international routes. It is the first Asian airline to do so. The new service which was introduced on
        REUTER  -  68 words
      • Article
        Lock icon Volkswagen still hopeful of EU aid
        191 42 Reuter [WOLFSBURG, Germany] Volkswagen said on Tuesday it was hopeftil that the European Union would allow the German government to move forward with plans to offer all of a previously announced 950-mil-lion mark (SsBB4 million) support package. The European Commission was expected to delay
        Reuter  -  191 words
      • Article
        Lock icon Garuda flight recorder shows fire alarm didn't work: report
        192 42 AFP [TOKYOJ The flight recorder of a Garuda Indonesia Airways DC-10, which burst into flames after an aborted takeoff last week, has indicated that the fire alarm system in the cockpit did not work before the accident, Kyodo News said yesterday.
        AFP  -  192 words
      • Article
        Lock icon Shakeup at US air-safety agency
        249 42 Aircraft maintenance and repair under closer scrutiny Reuter [WASHINGTON] US transportation officials announced major changes on Tuesday at the Federal Aviation Administration. the watchdog agency that has come under sharp attack since the crash of a ValuJet plane in Florida on May 11. FAA administrator
        Reuter  -  249 words
      • Article
        Lock icon EU fails to reach pact on car exhaust controls
        218 42 Bloomberg Business News [BRUSSELS] The European Commission failed to reach agreement on measures designed to reduce auto exhaust emissions which would cost the auto and oil industries 55 billion European currency units (Ss97 billion) to implement. The 20 commissioners who manage
        Bloomberg Business News  -  218 words
      • LOG Book
        • Article
          Air Canada reports 20% jump in traffic
          87 42 [SINGAPORE] Air Canada reported an almost 20 per cent year-on-year jump in revenue passenger miles (RPM) for the first five months of this year with a traffic of 7,113 million RPMs. According to a statement by the carrier, the total available seat miles
          87 words
        • Article
          Lock icon Auckland airport reopens
          107 42 Bloomberg Business News [WELLINGTON] New Zealand's Auckland International Airport, the nation's largest reopened yesterday after being closed overnight because an erupting volcano's ash plume became a hazard to aircraft. The nation's Civil Aviation Authority is now concerned the ash plume from Mount Ruapehu in the central North
          Bloomberg Business News  -  107 words
        • Article
          Lock icon German May car output down 5%
          75 42 Bloomberg Business News [FRANKFURT] Germany's car production in May dropped 5 per cent t0397,300 units from a year earlier, said the German automobile industry association, or VDA. Total vehicle production, including cars, trucks and heavy commercial vehicles, was 419,700 units in May, down 6
          Bloomberg Business News  -  75 words
        • Article
          Lock icon Jakarta tell road tariff to go up
          36 42 Reuter [JAKARTA] Indonesia's Minister for Public Works Radinal Mochtar said yesterday toll road tarifb in Jakarta would be raised by 500 rupiah (Sso JO) across the board from today.—Reuter
          Reuter  -  36 words
        • Article
          Lock icon Cebu Air in talks to losse/buy jets
          66 42 AFX—Asia [MANILA] JG Summit Holdings Inc unit Cebu Pacific Air said it is in talks with Boeing Co and McDonnell Douglas Corp for a possible lease or purchase of a long-haul aircraft for its planned US flights. Cebu Air consultant Diego Garido said
          AFX—Asia  -  66 words
      • Article
        Lock icon Shanghai gets nod to build 2nd subway
        136 42 AFP [SHANGHAI] Shanghai has received approval from the state council to build the first phase of its second subway line, news reports said yesterday. The Wenhui 800 daily and Liberation Daily said the Shanghai municipal government had set up a headquarters headed by
        AFP  -  136 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1460 42 CUT rUCHT ETA fUSHT CTP ***** 2145 MM96 MPS AfciWwM S044I BIO i No CM MM VU741 1310 S0172 0930 MataMt S0230 1030 0F02 2055 S0I7I MS VN740 MIO om wo L W7i3jfa„ i tmstmtm KL043 0455 RUM 2300 Hm|Km« SOI tl25 UA006 0700 SO/DL25 0*50
        1,460 words
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      20 27 New airport dears for take-off Chek Lap Kok airport is expected to be running at full throttle from 1998.Page 2
      20 words
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      Page 27 Advertisements Column 2
      68 27 passengerjet project collapses But Beijing vows to go ahead with scheme with two other partners. Baok Page Km _JJI jflMfl B Htg'|pr Bf -TffIV m if| ■P"2r v>*-% ]1, >; JM *7» g^giS&jfc :.^^s 16 DAYS to LONGBEACH LOS ANGELES I v > >=•. •> V < %'V'/- 'r '<
      68 words
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      1245 28 I OTHtH DtarMATKWS I gi I AMtf&A I mmftTOwtwdtoff hwowomamow* iMHtotMMfcTWoM Wfoowl 1 visa wr bash ma u ow va w m no* <mc I»r laacoarr vbml |vot lan ffffl wr I uqaan omm I »«mw I mim I m IWnMI HT 111 M/M vm ttjv ti/V M/V M/P IS/17
      1,245 words
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      Page 28 Advertisements Column 2
      198 28 Unes services representee by Member* of the Regotry of \jX39jfJ Accradßad Shipping Agents, Spore National Shipping Asso Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 ffpow AURORA 19/06 RdnVAtw/BmMJK I A.HA2ER IMM 21/06 RdrrVttwferWUK/Nan I 'U»laE7W.llNa|ila.>«lomata I ILadrgkr 1 LEOPARD 1
      198 words
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      Page 28 Advertisements Column 3
      9 28 Mfnn M 01 ww flflfi] Singapore Freight Forwarders' ftaaoctaboii.
      9 words
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      Page 29 Advertisements Column 1
      1132 29 I PAORC SOUTH WEST EXPttSS (PWECT) Ivesa vot I pvl Isun Ismod I iax Imlltmloolmclml I I w 1 sm I m aSiw« W<| ris sis S/S r?/!? nm 1 yi z y Hm 5/S1 1 151 I amown I m w/07 10/07 n/8? 120/07 I M/if I_3i/17_ 1 oi/ii_i_ij^^_i_jj^*_
      1,132 words
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      Page 29 Advertisements Column 2
      1448 29 I HANJIN SHIPPING CANADA* p®i |bmim I sm mI m wi at nr m imimmimm i ms mk |ov m m m m m munmwii nm nm I li/v 14/w u/v m/w m/w u/v u/v 17/w w/v u/v w/v w/v iy/>; w/v l«/t7~ "i77»T »y/ty mmmmomi n/w n/n I u/v
      1,448 words
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      Page 29 Advertisements Column 3
      273 29 1 IXPOKT 3 K •2« Hi ugh -1 x Mail -1 Kmdmu*. U+m* FQ to KK/NAHA/SP<DAI/CBU/ICH Ham ST 17!!? IMT IM* ILSL "a* tw ST iniws lw no- JUL -JM» *w jj M **r Mini 111 ISJft JUL WWWI irnmi m «n- JML tm **l w m. JOMMB. HO JUL
      273 words
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      629 30 «tssa m hmi roM im dm stoh ritu* m m uo no m mm m jamsw aiEof ~m7T" ha a/s to/o ?s/t wutm mn__w m g M_ _M_ —52__24—32. IgUtStIAT 01EP7? 31/5 30/5 V 4 _M_ m »/t wßLmuMi nan i/» n/s v> n/t \n JffiQfiUSSS Hi Uk M M
      629 words
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      Page 30 Advertisements Column 2
      1073 30 I NORASIAH I vesselvov mn ooalasbclvalalonot ant Fa um I NORHtaOUM MM-3 MM M IM7 t7«7 17/17 IM7 11/17 12>V7 12*7 14*7 I NOR HONGKONG M2S-3 VM 12*7 17«7 14*7 24*7 M 7 IM7 IM7 11*7 21*7 I NOR SHAMAN MM MS7 IM7 MS7 21*7 >I*7 KM 28*7 2M7 2M7
      1,073 words
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      Page 30 Advertisements Column 3
      506 30 Direct Container Service to f I I Fangcheng > i Zhanjiang j! Vessel S'pore Fangrheng Zhawfiany UAHBAO 23/06 28/06 3Q/06 I /VOBTWANS TE; OS-2M3307 FAX: *5-*****90 1 Sopior thor Sowloo To 6Uw Cfcotw§ Wifcl Pifon RO/10 Cite Aopiy RO/RO, Ramp Capacity opto 40 toas Haavy Lib opto 65.5 toas m
      506 words
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      1009 31 \W^^UtAn^H\PP\NWT*WD >iM Mi 10 Ho« Chiong Road #11-01 K*pp«l Towers fIUV Singapore 0208 T«l: *****88 Fox: *****17 MOM MIWI (OWVWTIOIIAi S«VI« [SAMWM <0«T*IM« MWKI M rn *I rn lIP IvPStt vot vmmm nam mio nm I am I 74/00 cmakamm-h mim nm n/u swhoh mm vm I 01/07 saw ouuiajwmi
      1,009 words
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      Page 31 Advertisements Column 2
      932 31 Mliwmn MIWjMi("IWBIBMj|U>~^ VIA ttIIMWI ALSO AUtfUW TO IKffQll MMtfj ■<1 I ithi I m»m< mim aHm I inn mum im%* 9 nmt.iMSMi/m mmm wm ICOSTAM SMFFMG fIIITD ESSiEST Z?£*. 4mt anmmmmmmm* <**.».-mommi <~+*msm 1 trnmtmm,nMnma**mrn UmMtMceam mmmmmm* immnis uttnmiu/i*/tmv-umm «*»msniX*asms ri i iaunt Mam I wmmam [mT~| h h mo
      932 words
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      Page 31 Advertisements Column 3
      233 31 111 lOUTMOUSM |MLI M I JMI ISM ||M||M|M|B||M|Ml| Mt|«|l|Ml|M|f|«g|Ml| I Wmmm whrm |w|«'P|a»| ym|rw|?w| -1 -1 w| oti twitwi a? w n?|| II I—l If/Ml M/M I g/MlO-M/Ml M/M I M/M IMIIMI I Ml I Si/Ml IK? I -1-1 -1-1 I II I IMMOOWD W M M M M M
      233 words
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      Page 32 Advertisements Column 1
      1051 32 MP ROM ANW HM TNP LNV LHV THf ROM ANW KM PKL MP (.RCFKMHH 224 12/7 17/7 13/7 11/7 17/7 E SUARD M4T* 0 3M 20/8 IM 2* 2*o 27/0 j-WWIMMM 2M IW7 24/7 2W7 22/7 24/7 E. GROUP RE-OM 4M 7M M M M 2/7 4/7 I SSSyifftS l7
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      Page 32 Advertisements Column 2
      880 32 VBSa VOTMI S» M W M IM m IN I VCSSH VOTMI MB MM MM MM SM im comma mm vm v/v n/v m/v i#*7 10*7 \w I momom mum im iw m/m Vf UN MMM 71/W 11*7 10/07 12*7 12*7 MOUM *****371 li/M 17/ M 11/ M l»*t 01/07
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      Page 32 Advertisements Column 3
      453 32 Bwa— BUM—MICM M PTE LTD TEL: *****33 (12 UNES) FAX: *****18/*****09 TELEX: R8 ***** RUMP <3 Una* Cfl NO: **********0E ACCEPTING FCL AND CONVENTIONAL Vmml Way I IT* I n«Miu Toi Andkwt 44W8 WO7 Afayot 46W8 *M» "fw^^DPbO** mmmmmmmmtm mmmmmmmLmmmmmmmm Maaaww FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING BOTH PCL/LCL ALSO
      453 words
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      Page 33 Advertisements Column 1
      674 33 BSflx M MYANMA WBm> FIVE STAR UNE (Myonaor National Lint) I w Loodikf for Ym«m (Robjoor) vcsa VOT SM PRO HM POO I MKU 131W 14/04 j AVA 1 JAW JS/M I < OAUTSIA Mam: OOUSTUB SMPTWC ACQKKS l KIJL IE 1249-2417H0 KL IH 01-45-J7M141 I nil; m 02-04-*****02 P00:
      674 words
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      Page 33 Advertisements Column 2
      1061 33 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 PIU PB POO I VBSa/VOT VOT SM OTP INO [jM WAR I OMI B 14/04 21/44 22/44 HOVUMM 323W 24/04 12/07 14/47 14/47 14/47 U/47 14/07 24/ M 20/44 24/44 N.MOMN MIW 41/47 14/47 21/47 23/47 21/47 21/07 23/07
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      Page 33 Advertisements Column 3
      447 33 I /j& FAMOUS CONTAINER LINES J IBS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) 4 SAILINGS A WEEK TO S BANGKOK m V THAILAND BANGKOK f FOR BOOKING tj\ *****33 CONTACT AMY P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH:
      447 words
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      38 35 To retrieve mora schedules, just follow these simple steps... document 740-6^ the port Step key in the four number /jM Jp digit code Key in your Exampte: fax number To HAMBURG (HAM) 2150 tor calls within Singapore Qrmsny
      38 words
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      Page 36 Advertisements Column 1
      116 36 0 S E C I L EAST-WEST AFRICA SEMI CONTAINER SERVICE 90S RS MM WJ/H SLD DM IMHMAOMTOUMMM DtfMRZ/W JVM DM MWKAOHTOUUMM WOOO PROOIICT SOUTH AFRICA SERVICE n ill sm ns pi ttu din cm lUKAWMnOHSIMI SU) SU> SU> SU> SID SLD 2S/U 01/W IUSM03 H/17 ll/W U/K ll/V O/W
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      Page 36 Advertisements Column 2
      213 36 I MAMRA wssa wooi raw raroi ra—i nm wtme mm mm rat I «wm—o mm n/ww aflMMB »/mc— awooMi mm n/mm n/utm w/vfmi Y1UHMMM Big 21/MRM M/MIWP WUMM—A M1« M/M—) H/MPM). mmtumm mm is/mcwb m/mchw awoctti mm n/wm M/m—! rORT KBANO w«a Ivowm rasa ram vtssa Ivowm raai imwCSl MI2
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      476 37 Tropical wmmviaakl MADISON REGMA MAERSK 9606 MAERSK 9605 Port Country 18/06 28/06 WwCly BaJiza 22/07 01/06 "tridgMowm Barbados 25/07 04/06 •> >£ arto 9*"o Colombia 24/07 03/08 €artria» S». Lucia 24/07 03/08 jFort do Franc* Mortmiqua 25/07 04/08 Frwport Bahama* 20/07 30/07 Uhg** Jamoica 22/07 01/08 Kointe a Pilra Guadaluopa
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      Page 37 Advertisements Column 2
      1215 37 =-rm ADVANCE CONTAINER LINES (PTE) LTD ■A P I 140 CacH Stiwt, #12-00, PIL BuUdkig, Singapore *****0 Mw TEL: *****21. FAX: *****19. TELEX :RS ***** ACLPL CR NO. **********0E EANOKOK JAKARTA 15 r,uaaf (AS"-**™, vtssa voy sm wot sm vonr sm jkt Sm >AIAZA« 914 22/06 Sot 25/06 29/06 Sot
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      Page 37 Advertisements Column 3
      767 37 VEaaa3 yKjr gjggm Ilehmwe iwuhq tii—>om iBnBiBB Awmmf vugogsAom* si WW awe cam wot 17/07 imp ra am WUIOIWOWO NlW> Qttm ***** 2M7 MO7 5v omrry IKM7 VUCOCQBMA HIM/ OM7 21/07 3CKJ7 3V07 m YIMV WW BP 55 55 55 55 55 ALSO ACCEPTING CARGO TO ALL U. K. DESTINATIONS.
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      Page 38 Advertisements Column 1
      1246 38 »W SBI JKT jl vtMti VOY rn PEN «|v55E Tvoy—l «n 1 bkk ourushum iw. I* |JJ- g| |gg M I BHATRA BHUM 80S Mon 24/06 Sat 2MM JAHU BWM 6709 Sun 23/06 Tut 25/06 H YAMTRABHUM I£lM— Thu hFI to 23/00_ m ripp IJ3 Tua 2SAM S* 2BAM E-MA6
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      Page 38 Advertisements Column 2
      699 38 11 PUXTON HILL, SINGAPORE *****3 J PORT KLANG PENANG I «*m"a <wi nmnu ?v»fi iST *m t\mn aJw mm tm n/»w aman Mum HE afcsi %Mm »U1 m TVUM H/um Bmv MM* vum n*n :~Z «B*« «ia HMtm %Mm Elm —W Mill 111 way kmm vmmfW7 m IW BVI T
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      Page 39 Advertisements Column 1
      469 39 I AD SINO IXPRISS SHIPPING (PTI) LTD. I MM I 11 COLLYER QUAY *06-01 THE ARCADE SINGAPORE *****7. 1 TEL: *****90 (4 LINES) FAX: *****96 TLX: R*****1 SINOEX "V SIMOTtIUH MWII (COMTJUmi fitVICI) Also occopting container cargo to: WSSfI/YOY ETA SIN ETAHK6 ETA SHA W/THKG: Beijioo, Chiwan, eUNeYUK NIVMIi 21/06
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      Page 39 Advertisements Column 2
      146 39 SO TELOK OLAMBAH ROAO MZ-02 UIWHI CENTRE, STONE 0400 TEL: *****11 <61 km) FAX: *****05 TLX: BS ***** CR NO. **********8W WW «01 m HO 0» THAI PW unu n m tvnm tvnm rammmr mum hm nmm amm muhtok ■w tjm mm nmm irwmwacnw mom vim nmm nmm nLuummamm lmni
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      Page 39 Advertisements Column 3
      635 39 1 ««*c-wa» r Bsass» SBggg,,,. EBB 20TH ANNIVERSARY OFFER:--I (Lowest-Lowest Rates) PEM/PK SIM HONGKONG 22/6 23/6 I mv "WAN HAI 223" V.N024 SYDNEY/MELBOURNE/ADELAIDE 21/6 22/6 I mv 'KOTA HARTA' V.HTA 021 I YOK/TYO/UKB 22/6 23/6 I I mv "A MIRACLE" V.***** I CALL S'PORE: CHERIE, XIUHUA I PKi-s CHEW/VIVIEN PEN:
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      Page 39 Advertisements Column 4
      282 39 ATTRACTIVE i: FCL/LCL RATES TO::; Indian Sub-Continent Ports -i MADRAS/BOMBAY/ CALCUTTA/COLOMBO/ CHTTTAOONG/ NHAVA SHEVA ENQUQUB|& PLSCALL THU 224 6744 y O.K. LINE j FULL CONTAINER SERVICE S'PORE/JAKARTA *na wr m mi m zsm am mtmm am mm S'PORE/SURABAYA/SEMARANQ KMa WOT SM MY SR6 ™W MM Z7/N Z7« Ml VSSMLS BIRTH
      282 words
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      Page 40 Advertisements Column 1
      495 40 Shippingtimes BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 7 40-6 000 J. Document Cod* If you need insurance coverage for your cargo, look no further. NTUC INCOME'S Cargo Insure-Line has just the plan for your importing and exporting business. Just consider our advantages. INSUIXTOUI easy
      495 words
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      Page 40 Advertisements Column 2
      282 40 *iwwil l To advertise in Nf< Business Centre I I c^74o-6000« now-® request forH, Document Code ***** «cfl ftll It »tm«u ro\ MM m SHIPPINOTttIES BusinessCentret: Advertising that (When your buataeaa facta through the tax HJ vomn Are you looking |HK i for a freight for\*jferder -I. "V 9 IKItl
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  • Page 41 Miscellaneous
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      Page 41 Miscellaneous Column 1
      116 41 LEGEND: Thunderstorm Temperoture c A V Shower Weothef _X Wmd direction wtth speed m knots Rom QJ Cloudy Sky Wov# J S «*c«ted by arrows »Kk«i fly witfc Km wmd J n u c ct "ftMnrt eolm or light ond vonobte wmds 1 One ha# fleche represents 5 knot* H»che
      116 words
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      Page 42 Advertisements Column 1
      98 42 SINGAPORE UNITED KINGDOM SINGAPORE Partner Required We are a medium sized freight forwarder based 30 miles north of London and part of an international transport group and are keen to develop our sea and airfreight activities in the Singapore/Far East market. If you would like to work with an energetic,
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