The Business Times, 25 June 1996

Microfilm: NL20610
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, JUNE 25,1996
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  • Article
    MARKET SUMMARY
    63 1 M 2307.23 (+3.89) narooHP mm 2MMf (-4.24) M BT-MQA U 1137-84 5.42) El HiBKETHOOD: Kfl lfixad OTOfK MI1KET OIMCES Monday Change KL8800KP LttLM +4flt BANG SENG 10,969.72 +104.43 SET INDEX U2&.40 4117 JAKARTA COMP ***** «UI MANILA OOMP _JUK.1I +1488 TAffBWPI MUX *»J» 88JCLC0MP ***** -1188 CUBA CHINA
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  • Article
    FINANCE
    65 1 us$ ss rat 1.410 f 1JM 1163 M 0.852 0919 TBftM, 0.911 \m W 0.400 0.564 «t 0.129 flll» BAHT 0.039 0.056 «UF!AS 109 0.943 0.011 nm rates 8JN0AP08E* 6.44 KUALA LUMFtK 8.15 JAKARTA 18.00 MMKDK 1175 MftMU 14.5# IgNOKONG ATS mm—: mm rami m.75 TOKYO JL» SMI tlW
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  • Article, Illustration
    Ardmore Park soft launch a complete sellout
    408 1  -  All 93 units sold at between $1,613 psf and $2,079 psf, including six $14m penthouses By] Michelle Low [SINGAPORE] Close to 100 luxury apartments in the proposed new Ardmore Park development have been taken up in a soft launch, including six $14 million
    408 words
  • Article, Illustration
    A call to politics, and she answers it
    369 1  -  Jardine Fleming research head has more than women's issues at heart By. Anna Teo [SlNGAPOßE] Lim Hwee Hua has her hands full at work as the research head of Jardine Fleming International Securities and at home as a mother of three. What
    369 words
  • Article
    Lock icon Look at policy, not forex rates, US to G-7
    152 1 AFP [NEW YORK] The US will urge its key trading partners at a summit in France this week to concentrate on strengthening economic policy rather than exchange rate levels, Deputy Treasury Secretary Lawrence Summers said yesterday. He told a market traders'
    AFP  -  152 words
  • Article, Illustration
    Exec condo pricing: Analysts see lower prices at land sales
    528 1  -  Prices of other private condos in general also expected to fell By\ Diana Oon [SINGAPORE] The lower than expected pricing for the first batch of executive condominiums could mean lower prices for future government land sales, and lower prices for
    528 words
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      Page 1 Advertisements Column 1
      103 1 B t V H Btpewefl deal in tfc6 bftllßo6 The Thais are threatening to scrap Hopewell's transit -i J f^aa project, Pj7 hmmvwß nmmtripg 17. The rumours have been around for some two weeks now. Hmt (Has chalks op 14J>% rininprfh ,pg 17. Hour Glass is a consistent performer, but
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      Page 1 Advertisements Column 2
      33 1 THE ART JEW£L L E RS SINCE 1847 Nq®« Ann City, Tower B. «01 -11. 391 Orchard ROM. Tel: 734 3427 H**on International, #01-04, The Shopping Gallery, 581 OrdMrd Rood. TW: 235 0299
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  • SINGAPORE AT HOME & ABROAD
    • Article
      S'pore refineries see tougher 2nd half as regional capacity grows
      425 2  -  New plants in S Korea, Thailand set to depress market By: Ronnie Lim SINGAPORE refineries are bracing themselves for a tough second half with margins set to slide downwards especially with competition from new plants in South Korea and Thailand.
      425 words
    • Article, Illustration
      Lock icon Pioneer cybercafe closes Holland Village outlet
      265 2 CYBERCAFE pioneer Online Oasis has closed its Holland Village outlet due to high costs and low patronage, managing director James Yong said yesl terday. 1 Online Oasis offering Internet access along with coffee *jr- was among a handful of cybercafes which set up last
      CHRIS LOH  -  265 words
    • Article
      SingTel to offer facility to control 1900 calls
      300 2  -  Byi Genevieve Cua SINGAPORE Telecom will launch two schemes for subscribers who wish to control access to 1-900 audiotex calls. The 1900 calls are pay-per-call services, giving information such as news and entertainment. Each call costs between 20 cents and 75 cents
      300 words
    • Article, Illustration
      Lock icon Machinery boosts manufacturing
      326 2  -  EYE ON THE ECONOMY Manufaeturina Byi Genevieve Cua OUTPUT of the key electronics sector rose 22.8 per cent in April, but growth was mixed among the meyor segments, said the Economic Development Board yesterday. In a statement on the latest industrial production index for April, EDB said
      Source: UOB; ALLAN  -  326 words
    • Article
      More speaking Mandarin or English at home
      332 2 But Chinese dialects still the most widely the family THERE was a marked increase in the number of people who spoke either Mandarin or English most frequently at home between 1960 and 1990. A report released yesterday by the Department of Statistics, Multi-Lingualism
      332 words
    • Article
      Singapore looks to US for lead in multilateral trade: Yeo
      313 2 SINGAPORE looks to the US to continue leading the world in pushing for multilateral free trade, Trade Industry Minister Yeo Cheow Tong told a conference on the world trading system in Washington yesterday. Domestic political pressures may threaten to constrain
      313 words
    • Article, Illustration
      Lock icon Soft loans to SMEs up 8 times over past decade
      442 4  -  Loans under Local Enterprise Finance Scheme soared to $512 m last year By\ Soh Tiang Keng SOFT loans to Singapore's small and medium-size enterprises have gone up sharply during the past decade. Annual loans administered by the Singapore Productivity and
      Source:; JEN CHUA  -  442 words
    • Article
      En bloc sale of site off Orchard Rd sets benchmark price
      284 4  -  By Ang Wan May AN unnamed buyer has paid a record $31.9 million for an en bloc site on Hullet Road, behind tourist haunt Peranakan Place on Emerald Hill. The sale was sealed two weeks ago. At $31.9 million,
      284 words
    • Article
      Ex-commodity trader charged with CBT
      255 4  -  By i Conrad Raj FORMER commodities trader Tony Tay, who went missing three years ago with more than $26 million of his clients' money, was yesterday charged with criminal breach of trust involving $2.71 million. Tay, 45, was accused of misappropriating the money while he
      255 words
    • NEWS Roundup
      • Article
        AITs, AOTs post US$72b !in turnover
        82 4 APPROVED International Traders (AITs) and Approved OU Traders (AOTs) achieved turnover of about US$7l4l billion (SHOI-2 billion) last year, Trade Development Board chairman Stephen Lee said yesterday. To-date, more than 100 companies have been awarded AIT or AOT statue, which gives a concessionary tax
        82 words
      • Article
        Public invited to suggest NMP candidates
        75 4 THE public is invited to submit names of persons for the appointment of nominated member s of parliament. Among other qualifications, a nominee must be a citizen, be 21 or above, la able to take an active part in parliamentary proceedings, and to speak
        75 words
      • Article
        Property speculation curbs-in a booklet
        42 4 JOT Realty will be distributing free booklets that contain a summary of new government rules, announced on May 15, to curb property speculation. Included will be 30 questions that owners and investors are moet likely to ask.
        42 words
      • Article
        Supermarket prices dip 1.7%
        45 4 PRICES of supermarket goods are, on average, 1.7 per cent cheaper than they were a year ago, said the Consumers Association of Singapore. It surveyed 100 essential items the NTUC Fair Price supermarket at Bukit Merah Central sells at normal prices.
        45 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      198 2 Prizes i j, Singapore Design Award improves your company's image and standing 3 Consumer Products as well as enhances the competitiveness of your products and packaging. Equipment Machinery Award-winning companies will be presented with an SDA trophy and a Furniture certificate at the opening ceremony of the International Design Consumer
      198 words
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      Page 2 Advertisements Column 2
      215 2 YOU WONT Cold Dish Combination Variety Cold Dish _i Braised Shark's Fin with Crab Roe Braised Shark's Fin with Crab Meat FIND MORE Fried Ch»cken in Plum Sauce Roast Sodding Pig a i ipKj-pip Steamed Garoupa Steamed Fbmfnet Fried Prawns in Pepper Sauce Sliced Goose Meat TEOCHEW Sliced Goose Meat
      215 words
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      321 4 m Prime Industrial Leasehold Sites In The Central Region For Sale by Tender (2 lots) 2 lots to be sold in one line or if not sold then in separate lots a W J Site area 120,372.7 sq ft. L o" 4B2Muk,m Built in area 135,407 sq ft. 99-years leasehold
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      Page 4 Advertisements Column 2
      338 4 JpPRIIVI EBU NG ALO W PV® Good class Bungalow Area 1 I Freehold Land area: 25,139 sq ft (Approx) Built-in: 13,800 sq ft (Approx) Close to schools and amenities Excellent accessibility I Tender Closet: 18 July 'p6 (Thurt)it4:oopm I hiuhhh q For investment report and tender document, kindly C contact:
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      Page 5 Advertisements Column 1
      197 5 *0/ t wA rTTTJ ®9*l 1 kI uTTuUIuUITTI I 1J 11 M|B|j ■J I K^Ahhhh^hhJ ■jfSWWIPJ !v\. tj x J§|sr r?pi -■:-%r i 1.i-' j. j|| '-tn <i I I I m. H|H Republic Plaza, the towering new landmark of the Singapore skies, introduces the prestigious Republic Plaza 11. When
      197 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      SSL in healthcare deal?
      672 6  -  THEPROFBRTT COLUMN Talk of SSL-Pontiac tie-up underscores properly Anas'growing interest In healthcare business By Lee Han Shih FIRST Parkway Holdings, then DBS Land, and now Straits Steamship Land. What is this special attraction of hospitals and medical centres to listed property companies? More importantly, when will
      672 words
    • Article, Illustration
      Lock icon Retail space in JB project selling fast
      392 6  -  Malaysian developments are once again in demand among Singaporeans By, Abdul Hadhi [SINGAPORE] Singaporeans have snapped up a 13,000 sq ft food court as well as substantial retail space in the recently soft-launched Johor Baru Waterfront City (JBWC) Lot 1. Lot 1 is
      JEN CHUA  -  392 words
    • Article
      Cement terminal on track for start-up
      267 6  -  By] Bernice Tang [SINGAPORE] Singapore's first world-class bulk cement terminal at Jurong Port is expected to start operations later this year as scheduled, says port operator Jurong Town Corporation (JTC). Work on the project is progressing well, Jurong Port director Fong Yue Kwong said
      267 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      116 6 OFFICE FOR SALE (INDIVIDUAL UNIT) i i 5 Tin.l size SC| t0 3423 sq. ft. 1 Strategically located just outside the Central Business District Close proximity to ECP PIE More than 60.000 sq. ft. of total office space spread over 10 floors Two levels of spacious basement car parks J
      116 words
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      Page 6 Advertisements Column 2
      8 6 Parkway hospital, dental deals total $13m, Pg 18
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      Page 6 Advertisements Column 3
      104 6 FREEHOLD RESIDENTIAL DEVELOPMENT SITE FOR SALE Location Along Jalan Datoh (off Balestier Road) Land area 9,593 aq ft Tenure Freehold Plot ratio Up to 2.8 Height reatriction :Upto 30 atoreya Tender cloeing data: Thursday, 18 July 1996 at 3.00pm For further information, pleaae contact Sola Marketing Agent SOON SU UN
      104 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon Thailand to cut rates soon
        54 7 AFX-Asia [BANGKOK] Thai finance Minister Bodi Chunnananda said intereet rates will be cut by 50 basis points "within one or two weeks". He said ha would like to eee interest rates cut by an initial 80 basis points, followed by a series of cuts of
        AFX-Asia  -  54 words
      • Article
        Lock icon Telecom strikers dufy goverment order
        57 7 Bloomberg Business News {MANILA] Striking employees at the Philippine Long Distance Tttephme Co dsOsd a government order to return to work as their walkout stretched into its fifth day. Government officials said more than 1,000 of PLOT'S 19,300 worksrs ars on strike to protest asainst
        Bloomberg Business News  -  57 words
      • Article
        Lock icon Strong Asean trade with US
        49 7 Bernama [KUALA LUMPUR] Asean will overtake Japan as the US' second largest trade partner by the year *****r2004, said UB-Asean Council president Ernest Bower He said that South-east Asia will haveatwoway trade with the US worth USMSObiUkm (St3SO billion) if current growth ratee continue.—Bernama
        Bernama  -  49 words
    • Article
      Lock icon Signing of Bakun power accord put off: Anwar
      220 7 KUALA LUMPUR Ekraaaai Tenaga to await outcome of court appeals AFP MALAYSIA yesterday announced deferment of the signing of a power purchase pact between the developer of the massive Bakun dam and its national electricity firm following a court ruling against the
      AFP  -  220 words
    • Article
      Lock icon Thais threaten to scrap Hopewell's transit project
      370 7 BANGKOK HK contractor most submit construction, fSnsarisl Alt? il« by next month Reuter THAILAND yesterday threatened to scrap the US$3.2 billion (554.48 billion) Bangkok mass transit project if its contractor, Hopewell Holdings pic of Hongkong, failed to submit construction and financial details due
      Reuter  -  370 words
    • Article
      Lock icon Thai deficit set to grow: ING Barings
      100 7 BANGKOK Reuter THAILAND's current account deficit, which stood at 8 per cent of gross domestic product (GDP) last year, is likely to grow, reflecting a domestic savings shortage and over-am-bitious economic plans. ING Barings Securities Ltd, in a research report issued yesterday, said
      Reuter  -  100 words
    • Article, Illustration
      Lock icon Red alert
      53 7 [HANOI] A carpenter starts work on a star after finishing a golden hammer and sickle sign in a central Hanoi park yesterday. The Vietnamese government has ordered local authorities to ensure every household flies the national flag this week ahead of the Communist Party congress scheduled for Friday
      REUTER  -  53 words
    • Article
      Aussie policy opens up opportunities for foreign investors
      285 7  -  SINGAPORE By Kevin Sullivan CANBERRA'S policy of shifting responsibility for education and health services from federal to state governments will create opportunities for foreign investors, South Australian Premier Dean Brown said here yesterday. A two-year old programme of subcontracting public services has
      285 words
    • Article
      Lock icon Suryadi seeks military aid to secure PDI party HQ
      139 7 JAKARTA AFP THE government-backed rebel leader of Indonesia's main opposition party yesterday said he would accept help from the military and police to secure the party headquarters in Jakarta. Suryadi, who deposed Indonesian Democratic Party (PDI) chairman Megawati Sukarnoputri at a
      AFP  -  139 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      98 7 4 Seasons brings you the heart of America. Right on Singapore's main artery. 4 At Seasons you 11 find the cuisine America has taken to heart. Lighten healthier dishes prepared in the fine dining tradition and enjoyed in surroundings guaranteed to lower the stress level. Seasons at the Four Seasons,
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      Page 7 Advertisements Column 2
      189 7 m jßk r mm fit (I) 5-8 March' 97 j and Exhibition Centre International Hospital, Pharmaceutical j"! Medical Equipment Supplies Exhibition j SJJ Rep(y Coupon! Held in conjunction with j j th© Ist Asia Pacific I Yes! lam interested in exhibiting. My space Inter-Science Congress of Medicine I to be
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      50 8 |g i 1111 »»wit»u» **mu*<nm*n -t***.-****: »mm *mm. u 1 j\/ J J I I i \i\ 1 1; x ft i 1 I I i g I I I S h I j 1 1 v 5 i It i pp i J II :v V I I I
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Unemployment hits 9-year high, set to rise further
      269 9 TAIPEI But analysts say waning of China tensions may spar job creation Reuter MONTHS of economy-sapping tensions with China helped to push Taiwan's joblessness to a nine-year high in May and experts predicted yesterday that the rate would climb as more young
      Reuter  -  269 words
    • Article
      Lock icon Taiwan frees Chinese business visits further
      164 9 TAIPEI AFP IN A goodwill gesture, Taiwan yesterday further liberalised rules for visits here by Chinese businessmen and urged the authorities in Beijing to resume long-suspended dialogue between the two sides. "Various rules governing trips on the island by mainland businessmen were relaxed to
      AFP  -  164 words
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      Page 9 Advertisements Column 1
      19 9 n I I Cathay Pacific I Service starts july 1. Daily flights commence September 1. All flights via Vancouver.
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      Page 9 Advertisements Column 2
      328 9 bji. JS /> y ✓yr >/p home. What's more, if you need to access DOS, you can do so S$ 616 97 /7/zr &&t w £7// rrs sett rrr-. through Windows*. <indu«iveofGST) Take full advantage of the power of Windows* 3.1 and All this, of course, comes with the legendary
      328 words
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  • CHWA-HONOKONG-TAIWAN
    • Article
      Lock icon Deng's kin told to quit as his influence wanes
      204 10 HONGKONG AFP THE influence of China's paramount leader Deng Xiaoping on Chinese politics has further dwindled with two of his immediate family members forced to step down, it was reported yesterday. The senior Chinese leader's stepsister, Deng Xianqun, 61, an official
      AFP  -  204 words
    • Article
      Lock icon Large amount of savings already in foreign currency: survey
      380 10 HONGKONG 23% of respondents have over 50% of their savings in foreign currency AFP THE risk of capital flight from Hongkong in the run-up to the handover to China next year is low, because a large portion of the money has
      AFP  -  380 words
    • Article
      Lock icon Economic recovery seen by 1997
      297 10 HONGKONG Bntnptnrn hinges on consumer confidence, say analysts Reuter HONGKONG'S economy is grinding through its roughest patch in recent memory but should be running smoothly by the mid-1997 handover to China if confidence doesn't nosedive, economists said yesterday. "This year the worst has passed," said
      Reuter  -  297 words
    • Article
      Lock icon Beijing shortlists three for HK post
      259 10 HONGKONG SCMP BEIJING is considering at least three candidates to represent the State Council in Hongkong after the handover, the South China Morning Post reported yesterday. Top of lift Bblitburo shortlist are Shanghai Mayor Xu Kuangdi, the party's Vice-Sec-retary in Shanghai Chen Liangyu and
      SCMP  -  259 words
    • Article, Illustration
      Lock icon Time is running out
      71 10 [HONGKONG] Eighty-two-year-old Ha Cheung Wan who served in the Nationalist army against the Communists during China's civil war in 1949 and laterfled to Hongkong, stands under a Taiwanese flag at the entrance to his small hut in Hongkong's Rennie's Mill township. Rennie's Mill, once a haven
      REUTER  -  71 words
    • SINO Brief
      • Article
        Lock icon HK rail project will go ahead: official
        85 10 AFP IHONGKONGJ Hongkong's controversial new railway project will go ahead, although some technical studies for the project have been put on hold because of land clearance problems, a government official said yesterday. "We are committed to embarking on all necessary preparatory work to
        AFP  -  85 words
      • Article
        Lock icon Settlement centre for co-op banks
        55 10 Reuter [BEUING] China will set up a settlement centre in Shanghai for urban cooperative banks by the end of 1996, Xinhua said on Sunday. China began to establish urban cooperative banks in 1995 and they have been set up in southern Shenzhen, Shanghai, Beijing, central
        Reuter  -  55 words
      • Article
        Lock icon Bank to deal with bad debts of state firms
        72 10 AFP [BEIJING] China *8 central bank is considering setting up a special credit bank for dealing with the massive bad debts of state firms that are hampering the commercialisation of the country's banking system. The new institution would be supervised by
        AFP  -  72 words
    • Article, Illustration
      Lock icon Beijing's cancellation of visit unjustified, says German minister
      310 10 BONN Reuter GERMAN Foreign Minister Klaus Kinkel said yesterday Beijing's decision to cancel his planned visit to China was unjustified but called for calm to prevent a major deterioration in Sino-German relations. "I regret the postponement of the visit by the Chinese
      Reuter  -  310 words
    • Article
      Lock icon China orders payment of arrears on export tax rebates
      367 10 BEIJING Befling directive fellows pressure from exporters Bloomberg Business News CHINA, bowing to pressure from companies that sell products abroad, has told local tax authorities to issue export tax rebates to them "as soon as possible" after rebates slipped by almost
      Bloomberg Business News  -  367 words
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      Page 10 Advertisements Column 1
      812 10 ASEAN FUND LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of ASEAN Fund United wishes to make the Mowing announcement: RESULTS FOR THE HALF YEAR ENDED 30 APRIL 1996 (These figures have not been audited) 1 Nov 95 to 1 Nov94to 30 Apr 96 30A0r96 tor(uss'ooo) (usrooo)
      812 words
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  • ASIA
    • ASIA Notes
      • Article
        Lock icon US,Japan to discuss smiconductor issue
        59 11 AFP [TOKYO] US and Japanese trade ministers will discuss their semiconductor dispute on the sidelines of a G7 summit this week in Lyon, France, International Trade and Industry Vice-Minister Tomio Tsutsumi said yesterday. He said that despite working level and vice-ministerial level talks last week,
        AFP  -  59 words
      • Article
        Lock icon Nepal order arrests in financial scandal
        63 11 Reuter [KATHMANDU] The Nepalese government has ordered the arrest of about 100 people suspected of involvement in one of the Himalayan kingdom's biggest financial scandals, state media said yesterday. The RSS news agency said government investigators had asked police to arrest the suspects and
        Reuter  -  63 words
      • Article, Illustration
        Lock icon Golden opportunity
        44 11 Reuter [BOMBAY] College student Vandana admiring a row of gold bangles on show at a gem and jewellery fair in Bombay yesterday. Both Indian and foreign companies are participating in the fair which features gold and silver jewellery, loose diamonds and gemstones.—Renter
        Reuter  -  44 words
      • Article
        Lock icon 'Basic picture' of new jusen fund soon
        105 11 AFP [TOKYO] Japan's Vice-Minister of Finance Tadashi Ogawa said yesterday he expected the "basic picture" of a new Jusen fund to emerge next month along with an institution to absorb the flailed housing loan companies. "As we have been leading the discussions of
        AFP  -  105 words
      • Article
        Lock icon Asian nations to grow 7%: report
        63 11 Reuter [TOKYO] Asian nations are expected to show annual growth of more than 7 per cent in the next two years, according to a report by the Japanese Economic Planning Agency. The report showed that growth would decelerate a little compared with the past
        Reuter  -  63 words
    • Article
      Lock icon Japanese media fights shy of Sumitomo's copper affair
      389 11 TOKYO FT THE Japanese press can hardly be accused of overplaying the Sumitomo affair. The country's newspapers have appeared reluctant to tackle Sumitomo Corporation's claimed US$l.B billion (552.5 billion) loss in the copper market, which it has blamed on a "rogue trader",
      FT  -  389 words
    • Article
      US not getting out of foreign aid business, says official
      584 11  -  TOKYO Administration rebuilding aid programme for fear of losing influence and markets in Asia By. Anthony Rowley FEARFUL of losing influence and markets in Asia and elsewhere because of continual cuts in its foreign aid budget, the US government has
      584 words
    • Article
      Apec institute to study energy needs
      357 11  -  TOKYO New research centre expected to review demand, supply and pricing in region By, Anthony Rowley A NEW energy institute to be established in Tokyo on July 1 as part of an initiative by the Asia Pacific Economic Cooperation forum plans to undertake the
      357 words
    • Article, Illustration
      Lock icon Gowda takes lessons in Hindi language to boost image
      222 11 NEW DELHI AFP INDIAN Prime Minister H D Deve Gowda, a farmer's son from southern India, is taking lessons in the lingua franca of the politically important northern heartland to shore up his image as a national leader. The Indian Express
      AFP  -  222 words
    • Article
      Lock icon Consumers urge probe into sale of sick cows
      119 11 SEOUL AFP SOUTH Korean consumer groups, unsettled by the mad cow furore, have called for an investigation into reports that they may be eating illegallyslaughtered sick Korean cows. The demand followed reports last week that dealers and veterinarians have been implicated in
      AFP  -  119 words
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      Page 11 Advertisements Column 1
      119 11 Sumitomo to rotate traders, Pg 22 "OVER tsom%, MDs ami GHU ALREADY IN THE PROGRAMME!" The university of Hull England 1927 BSMBA "ONE OF THE MOST ESTABLISHED IN SINGAPORE!" FIRST to offer TQM and a Systems Approach to Creative Problem Solving FIRST to offer Entrepreneurship and Project Management as core
      119 words
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      Page 11 Advertisements Column 2
      108 11 Tung Centre 2/333 sf-9/684.12 tf Parkway Parade 925.31 sf/1/***** sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1/991 sf/3/982 sff/6/243 sf 174 Paya Lebar Road Built-up area: 14/477.58 sf Lucky Plaza *02-00/474 sf First Capital Property I Management Pte Ltd s&: r(A member of First Capital Corporation Group) Tel: 437
      108 words
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  • THE WORLD
    • Article
      Lock icon EMU transition a test for govts
      504 12 LONDON Tho3-yrj«MfrMi fixing exchange rates tt introducing Em* will be marked by ■ncertainty: analysts Reuter THE three-year transition period toward foil use of a single European currency will give financial markets ample time to test the resolve of governments taking part in European economic
      Reuter  -  504 words
    • Article
      Lock icon Global amis sales put US security at risk: report
      326 12 WASHINGTON It njx wearily mre impMtutthaiUS anus makers' profits AFP A REPORT presented to President Clinton warns that the United States is increasingly putting its own security at risk by taking part in the US$22 billion-a-year (Ss3l billion) global arms market,
      AFP  -  326 words
    • Article
      Lock icon Govt not ready to declare recovery
      236 12 BONN Bloomberg Business News ITS too early to say that Germany's economy is recovering, even if some indicators point to improvement, the Economics Ministry said. "It can't yet be judged reliably, whether the expected recovery of economic activity overall has begun," the Economics Ministry
      Bloomberg Business News  -  236 words
    • Article, Illustration
      Lock icon G-7 urged to change direction
      138 12 LYON, France AFP A SUMMIT of groups opposed to the social and political agenda set by the Group of Seven leading industrial nations has called for a new set of values to govern G-7 decision-making based on social justice and development in the poorer countries.
      AFP; REUTER  -  138 words
    • Article
      Lock icon Battle on to succeed Papandreou
      267 12 ■ATHENS Reuter GREEK Premier Costas Simitis and Interior Minister Akis Tsohatzopoulos looked certain yesterday to wage a bitter battle to succeed the late party founder and political legend Andreas Papandreou. Mr Papandreou died after a heart attack on Sunday, setting the stage for a showdown
      Reuter  -  267 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      58 12 Emirates Airborne Melbourne from today. Fly Emirates' new Boeing 777 Melbourne from today. And enjoy the 5-channel personal video, personal phone, and extra personal space wherever you sit. You you M INTERNATIONAL AWARDS. 40 INTERNATIONAL DESTINATIONS FOR RMSRWHTIONI. CONTACT YOUR TRAVEL AOCNT OR EMIRATES ON 7M3MS (SINOARORE); ***** M (KUALA
      58 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Russia offers lessons in economics
      756 13  -  188 BOTTOM ÜBB OPINION By Paul Samuelson Paul Samuelson: The writer is an economist at the Massachusetts Institute of Technology. This commentary first appeared in Los Angeles Times ECONOMICS cannot be an exact laboratory science. In medicine, you can give 50 diseased rats penicillin and
      756 words
    • Article
      IN OTHER WORDS
      145 13 'In Japan, the top leader can't make a decision; everything has to come from the bottom. Unless it changes its ways, Japan will miss the train.' -KasuoWada Japanese founder of Yaohan explaining why he shifted Yaohan's headquarters to Hongkong. I'd rather be remembered as an oil man
      145 words
    • Article
      Keeping up with the times in HK
      590 13 EDITORIAL THE Hongkong government should be applauded for its brave and sensible decision to reopen talks with Hongkong Telecom International on its monopoly of international telephone calls. The decision might have surprised some since it was barely two months ago that the government
      590 words
    • Article, Illustration
      Paris bites the bullet
      1053 13  -  Military equipment comes packed with high-tech these days and manufacturing weapons is becoming formidably expensive By\ Salil Sarkar in Paris PRESIDENT Jacques Chirac puts it thus: "Doing what I must." And what he must, he has decided, is trim down everything military. In the world, only
      1,053 words
    • Article
      WHAT THE OTHERS SAY
      391 13 CUBA'S talk THE TASK for China s leaders in the coming years is to adapt their political system to keep pace with economic change: all but the most diehard reactionaries in Beijing must realise that the postTiananmen political order cannot endure, and that increasing wealth will
      391 words
  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Fake encounters of the Euro kind
      773 14  -  Despite players skulduggery on the field, the more disciplined, more organised teams won, while the more entertaining teams lost says shahdumisaham SHAHIRON SAHARI RUNNING concurrently with Euro 96 in England is the Coca Cola Sixes for Under 16 players, where the teams are the
      REUTER  -  773 words
    • Article, Illustration
      Lock icon Lines blur between independent, studio films
      729 14 FILM Even superstars like Stallone are new acting in independent films NYT [HOLLYWOOD] A few years ago it would have been unthinkable for Sylvester Stallone or the Baywatch television actress Pamela Anderson Lee to appear in, of all things, an independent film. Independent films
      NYT  -  729 words
    • Article
      Lock icon Monks sell gourmet coffee
      472 14 FOOD Reuter (VASHON, Washington] The Pacific north-west, home to coffee-bar chain Starbucks and numberless small cafes, espresso stands and gourmet roasters, now also boasts the nation's only coffee-selling religious order. The tiny All-Merciful Saviour Russian Orthodox Monastery on bucolic Vashon Island, a 30 minute ferry ride
      Reuter  -  472 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      131 14 1 Mav to 30 Tune 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 only $5.50
      131 words
    • Advertisement
      Page 14 Advertisements Column 2
      112 14 Prom 11.30 am 2.30pm SO COME AND HAVE THE PLEASURE OF CURLING 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. SUMMHI CAT! KSTAUtANT 50 Market
      112 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      142 14 TEE WEATHER -ij. Stawowt Showers over several areas in the afternoon. Temperature (32-25) O—L mmwtm WU* OMML Imiilll «lU> OamL 9nn Mrti 17/* Cindy AM 17/H Tata* 3WJ ram Mm Jl/Jl Ooud> BwmAns I MM (load* !**■< 3WI Swy Bsfc 11/ M Ooudv 14/14 5 «*4 Skowen Bam 17*8 CJuud>
      142 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      616 15 TT —i m v I Singapore Business i > ■''<■'■ .«Tr Giving you the winning edge .-'.v. 1 Where to wine, dine and entertain Where can we bring the p n e&4** t' for j lE&v «aaBnS9E^EB9^M Singa Inn, of course! Singapore's largest outdoor I seafood restaurant offers you the
      616 words
    • Advertisement
      Page 15 Advertisements Column 2
      142 15 Lunch with a difference at The Mezzanine Our Sophisticated Sandwiches, with names inspired by faraway places, are a trip in themselves So are our quiches, salads and sinful desserts In the inviting ambience of The Mezzanine, youll indeed have a most pleasurable lunch For reservations please call 831 6286/8/9 Lunch
      142 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      820 15 TV&HADIO MO The Nanny. MO Low Cholesterol Gouriim DUTt, m *-90 Strange Luck. met. 10 30 News 5 Tonight. SJO Parent Survival Guide. m I 1 I L3O Money, Money, I Money. ILOO Tuesday Premiere Ma- 100 Your I Succeed in niac Cop 3: Badge CBO Shanti (T). m m„
      820 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      129 15 CRYPTIC CROSSWORD 22 Obvious way to protect regret nothing (M)* 16 t0 li J > o 8 April's wild wind (6) yesterday's solotioii specific 13 Crazy family is a poten- purpose W tial hazard (6,4) iUi il m^LJi 1 HH ter sixT4) mUS re^rn 16 Give news to single sup--3
      129 words
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  • CYCLE & CARRIAGE GOLF PAGE
    • Article, Illustration
      A tantalising course
      1956 16  -  Raffles Country Club Palm Course demands a skilful game, says micxlaus pcruz NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review TOUGH. Tight. Tricky. Thirsty. Tantalising. This should paint a perfect picture of Raffles Country Club's Palm Course in Singapore. It is tough in that
      1,956 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      286 16 -<■ •> MWhen was your first time? Was it on your been put through its paces. wedding day? Or perhaps in a parking lot when Reflections on windscreens are analysed and the glint from the three-pointed star on top of its reanalysed. Lasers scan non-stop for the tiniest bonnet caught
      286 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Transport stocks up on rumours
      463 17  -  Hiram Mahathir's Aonsoranm Perkipalan said to be eyeing several KL counters for takeover By Ven Sreenivasan [SINGAPORE] Several Kuala Lumpur-listed transport stocks leapt to new highs yesterday amid speculation that they were takeover targets for Mirzan Mahathir-controlled Konsortium Perkapalan Bhd. Mainboard-listed warehouse operator Integrated Logistics
      Source: Bloomberg  -  463 words
    • Article
      VDH to buy stake in listed Indon firm
      287 17  -  Christopher Tan [SINGAPORE] Engineering group Van der Horst (VDH) has agreed to acquire a strategic 35 per cent stake in an Indonesian packaging giant for 43.5 billion rupiah (5526.3 million). PT Super Indah Makmur (Sima), which is listed on the Jakarta Stock
      287 words
    • Article
      S'pore bourse set to snare some Hongkong big fish?
      694 17  -  HOCK LOCK SIEW Quak Hiang Whai THE flow of Hongkong companies into the Singapore bourse has picked up steam. In the last two months alone, no less than four Hongkong-listed companies have revealed plans to list there. Among them are Pacific
      694 words
    • Article
      Hour Glass chalks up 14.5% rise in profit to $11.67m
      322 17  -  $2.68 m provided for one-time Mikno loss By. Ang Wan May [SINGAPORE] Specialist watch retailer The Hour Glass (THG) yesterday reported a 14.5 per cent rise in group net earnings to $11,665 million for the year ended March 1996. This
      322 words
    • Article
      Steamers shuts down Viet mobile phone service
      447 17  -  Service found not profitable; radio service to close too as govt okay not granted From Harish Mehta in Ho Chi Minh City KEPPEL Corp subsidiary Steamers Telecommunications Pte Ltd has shut down its troubled two-year-old mobile phone service in Ho Chi Minh City
      447 words
    • Article
      Philip Ng on YHS board
      136 17 [SINGAPORE] Beverage group Yeo Hiap Seng yesterday announced three new additions to the company's management and board of directors, led by the appointment of Philip Ng Chee Tat as deputy chairman. He is the son of property magnate Ng Teng Fong, who is YHS' controlling
      136 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Hong Leong group buys its first hotel in Indonesia
        400 18  -  Bepnblk Hotels'Bo% stake in Equatorial owner costs US$l3J3m By" Conrad Raj [SINGAPORE] The Singaporebased Hong Leong group has made its first hotel purchase in Indonesia by buying an 80 per cent stake in a company that owns the 405-room Hotel Equatorial
        400 words
      • Article
        CDL rebuts Pontiac's goodwill claim
        314 18 It says plaintiff had failed to build op Millenia name [SINGAPORE] The dispute over the use of the "Millennium" name in Singapore for the Hong Leong group's hotel chain resumed yesterday with the defence making its opening statement. Pontiac Marina the owners of the $1.6
        314 words
      • Article
        OUB in deal with its warehouse buyer
        209 18 [SINGAPORE] Overseas Union Bank (OUB) has sold a warehouse in Robertson Quay for $26.1 million and the right to buy 47 per cent of the residential units that will be coming up under a redevelopment of the property, The buyer is<sMLn Huat Development
        209 words
      • Article, Illustration
        Clipsal confident of 15% growth in next five years
        422 18  -  By' Teh Hooi Ling [SINGAPORE] Mainboard listed electrical accessories maker Clipsal Industries Holdings Ltd is confident of s sustained 15 per cent growth in the next five years. Its fastest growing markets will be emerging ones such as China and Vietnam,
        422 words
      • Article
        GPE reports 26.7% rise in profits
        197 18 (SINGAPORE] GPE Industries yesterday reported its maiden full-year results, recording a 26.7 per cent rise in group net earnings to $11.8 million for the year ended March 31,1996. The mainboard-listed company was incorporated on March 28 last year, but did not record any income
        197 words
      • Article
        Nippecraft makes use of Collins' name to expand
        387 18  -  By. Annette Pau [SINGAPORE] Nippecraft Ltd is using its latest ace, Collins diary products, to expand further not only in Europe but also in the US and Asia. The company is close to licensing the Collins brand name to a major American
        387 words
      • Article
        Lock icon Minimum interference in market: SC
        399 18 Market wfll decide pricing proceeds for corporate proposals Bernama [KUALA LUMPUR] There will be minimal interference from the Securities Commission (SC) on pricing, valuation and proceeds for all corporate proposals under Phase Two (1998-2000) of its disclosurebased regulatory system. "The market will decide all this,"
        Bernama  -  399 words
      • Article
        Lock icon Sinochem expects S'pore listing for unit soon
        230 18 Reuter [BEIJING] China's state trading company Sinochem is confident of the success of its application for a public offering of a new unit in Singapore and expects to be listed in two months, a company official said yesterday. "We applied for listing in
        Reuter  -  230 words
      • Article
        Parkway hospital, dental deals total $12.9m
        166 18 [SINGAPORE] Parkway Holdings announced yesterday it has acquired a private hospital in Surabaya, Indonesia, and a private dental practice in Singapore for a total of $12.9 million. Parkway's announcement confirmed a report in BT yesterday on the purchases, and gives new details. Through its
        166 words
      • COMPANY Briefs
        • Article
          Tat Lee opens Labuan branch
          39 18 [SINGAPORE] Tat Lee Bank will open an offshore branch at Labuan today. It will offer working capital financing, term loans and guarantees as well as accept deposits in US dollars and other major currencies.
          39 words
        • Article
          Datacraft unit expands China push
          51 18 [SINGAPORE] Datacraft China, a wholly owned subsidiary of listed Datacraft Asia, has set up a new business group to further expand its market share of the LAN (local area network) market in China. The new business unit will operate from Beijing, Guangzhou, Xian, Shanghai and
          51 words
        • Article
          GRP China buys remaining stake
          57 18 [SINGAPORE] GRP Ltd's 75 per cent-owned subsidiary, GRP China, had agreed to buy Shanghai Hang Tou Commercial City's entire 27 per cent shareholding in Shanghai Xin Da Building Materials Co Ltd for US$l.O5 million (Ssl.4 million). It is now a wholly owned subsidiary of (HIP
          57 words
        • Article
          Ho Wah Genting answers SES query
          83 18 [SINGAPORE] Ho Wah Genting told the Stock Exchange of Singapore in answer to a query that subsidiary Ho Wah Cambodia is not liable for the late completion of renovating the Sokhalay Hotel in Cambodia by its state owners. Ho Wah Cambodia has bought the
          83 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        H-share companies score high on disclosures
        339 19  -  HE bourse says it found no material omissions in latest result reports By < Quak Hiang Whai in Hongkong CHINESE companies listed on the Stock Exchange of Hongkong popularly known as Hshare companies have been given high marks by the Hongkong bourse for their
        339 words
      • Article, Illustration
        Lock icon Sellers snub higher bid for Four Seasons?
        427 19 SCMP (HONGKONG] The debt-laden sellers of the famous Four Seasons Hotel in New York snubbed a far higher offer from Chinese Estates (Holdings) chairman Joseph Lau Luen-hung in favour of Lai Sun Development, it has been revealed. Market observers have accused the vendors
        SCMP  -  427 words
      • Article
        Lock icon Bid to delay CME's Taiwan derivatives
        346 19 Regulator says move will complicate its liberalisation plans Reuter [TAIPEI] Taiwan said yesterday it would ask US regulators to delay the Chicago Mercantile Exchange's (CME) listing of the island's stock-index derivatives, reflecting a feud over its fledgling futures industry. Taiwan's Securities and Exchange Commission
        Reuter  -  346 words
      • COMPANY Briefs
        • Article
          Lock icon HK bourse's practice note on disclosures
          92 19 AFX-Asia [HONGKONG] The Stock Exchange of Hongkong has issued a practice note on listed companies' fiduciary duties to disclose major disposals and acquisitions of equity capital. The SEHK said the note clarifies when a transaction should be disclosed under the listing rules. "Where an
          AFX-Asia  -  92 words
        • Article
          Lock icon Brierley buys stake in Fletcher Energy
          58 19 Reuter [AUCKLAND] Brierley Investments has taken a 2.7 per cent stake in Fletcher Energy, the New Zealand Herald reported yesterday. It said the stake may have corporate appeal if it could be unwound from the letter-stock structure. Analysts value the stock between NZ$3.BO and
          Reuter  -  58 words
        • Article
          Lock icon Kwong On Bank: share allotment was fair
          86 19 AFX-Asia [HONGKONG! Kwong On Bank Ltd said that the allotment of shares in its initial public offering was conducted "on a basis which was fair and no preferential treatment" was given to any applicant. In a statement to the Stock Exchange of Hongkong,
          AFX-Asia  -  86 words
        • Article
          Lock icon Share flotation will ease UAP debt
          64 19 AFP [PARIS] The flotation of shares in Sun Life and Provincial Holdings, which owns all of UAP Provincial and Sun Life, will relieve the French insurance company UAP of debt amounting to four billion francs (Ssl.oB billion), UAP said yesterday. The group was offering
          AFP  -  64 words
      • Article
        Lock icon IBM sees 50% rise in China revenue
        149 19 Reuter [BEIJING] International Business Machines Corp's (IBM's) revenue in China will grow by at least 50 per cent this year on the back of booming demand for personal and office computers. A company spokesman said yesterday: "We have been growing by at least
        Reuter  -  149 words
      • Article
        Lock icon Road King launches public share sale
        324 19 Bloomberg Business News [HONGKONG] Road King Infrastructure Ltd began its public stock sale yesterday, asking investors to bid for shares at between HK57.62 and HK$B.7B each. Road King, which runs toll roads in China, will close the share sale on June 27 and announce
        Bloomberg Business News  -  324 words
      • Article
        Lock icon Chinese warned not to buy B shares
        352 19 Official press warns of an imminent crackdown by the government Reuter [HONGKONG] An official newspaper in Shenzhen, adjacent to Hongkong, warned yesterday that a government crackdown on Chinese citizens who buy B shares officially reserved for foreigners could be imminent. The fact that
        Reuter  -  352 words
      • Article
        Lock icon Daewoo Corp denies any part in fraud
        228 19 AFP [SEOUL] South Korea's leading trading firm, Daewoo Corp, yesterday denied involvement in a US$5O million (Ss7o million) "scam" against LTX Corp, a US semiconduc-tor-equipment maker, but implicated an employee of a sister firm. The order to buy US$5O million of LTX equipment
        AFP  -  228 words
      • Article
        Lock icon China issues share underwriting rules
        126 19 AFP [SHANGHAI] Securities companies which seek to underwrite share issues must now obtain a licence. This is according to new rules regulating the underwriting business, a newspaper reported yesterday. The Shanghai Securities News daily said that the rules were issued by the State Coun- cil
        AFP  -  126 words
    • COMPANIES
      • Article
        Lock icon GM, Investor to give Saab capital boost
        437 20 US carmaker has right to take fall ownership of Swedish luxury carmaker Bloomberg Business News [STOCKHOLM] General Motors Corp and Investor AB, Sweden's largest investment company, will give Saab Automobile AB, the Swedish luxury carmaker, a 3.48 billionkronor (Ss73o million) capital injection this
        Bloomberg Business News  -  437 words
      • Article, Illustration
        Lock icon Murdoch throws spotlight on Japan's Bill Gates
        313 20 Media tycoon ropes in Masayoshi Son to pick up2L4%ofAahi AFP [TOKYO] The landmark stake taken by Rupert Murdoch and Masayoshi Son in Asahi National Broadcasting Co has thrown the spotlight on the tycoon who many consider Japan's answer to US software king Bill
        AFP  -  313 words
      • Article
        Lock icon Microsoft's magazine on Net stirs controversy
        203 20 FT [SAN FRANCISCO] Slate, an online magazine or "webzine" launched on Sunday by Microsoft, is already stirring controversy because of its powerful owner's increasing prominence on the Internet. The magazine is one of several publishing ventures that Microsoft, the world's largest software company, is
        FT  -  203 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Morgan Stanley Group to buy Van Kampen
        359 21 USs74sm cash-and-share deal will catapult firm to top tier of US money managers Bloomberg Business News NYT [NEW YORK] Morgan Stanley Group Inc said it will buy Van Kampen/American Capital Inc for US$745 million (Ssl billion) in cash and preferred stock, a deal
        Bloomberg Business News; NYT  -  359 words
      • Article
        Manila futures brokers appeal against trading suspension
        305 21  -  Exchange manager calls govt order 'arbitrary' Frorn, Al Labita in Manila MANILA'S futures brokers will appeal against a government suspension order, an official said yesterday. "We are now making representations with the government to lift the order," Manila International Futures Exchange (MIFE) operations
        305 words
      • Article
        Lock icon Queensland ups ante in bid for Metway Bank
        193 21 Bloomberg Business News [SYDNEY] The Queensland government has taken a 7 per cent stake in Metway Bank Ltd as it steps up its campaign to stop St George Bank Ltd from merging with Metway. Queensland Premier and Acting Treasurer Rob Borbidge said
        Bloomberg Business News  -  193 words
      • SMALL Change
        • Article
          Pidemco to raise $100m through FRN
          57 21 [SINGAPORE] Pidemco Land Is raising $100 million through a Floating Rate Note (FRN) issue arranged by Schroder International. The FRN wUI have a five-year tenure and win be pegged at an interest rate above the Singapore Interbank Offered Rate. The company said the proceeds
          57 words
        • Article
          Lock icon Buying into Philippine Export Bank
          66 21 AFX-Asia [MANILA] The International Finance Corp, the PhUippine Export and Foreign Loan Guarantee Corp and the SmaU Business Guarantee and Finance Corp wUI each purchase a 10 per cent stake in the Philippine Export Bank, a PhUippine Exporters Confederation spokesman said. The Export Bank is
          AFX-Asia  -  66 words
        • Article
          Lock icon Bank Utama certificates launched
          54 21 Reuter [HONGKONG] A US$4O mUllon (Ss66 million) floating rate certificates of deposit Issue for Bank Utama (Malaysia) Bhd was launched on Friday, arranger Standard Chartered Investment Banking Singapore said. The certificates have a maturity of 5.5 years and float at 55 basis points over the London
          Reuter  -  54 words
        • Article
          Lock icon Fukui Bank to take over failed thrift
          74 21 Bloomberg Business News [TOKYO] The Deposit Insurance Corp, a quasi-public organisation that responds to bank faUures, will provide 620 million yen (SsB mUlion) to Fukui Bank to take over a small, failed thrift. The only regional bank based in the north-central province of
          Bloomberg Business News  -  74 words
      • Article
        Lock icon No timetable yet for opening yuan trade, says banker
        253 21 AFP [SHANGHAI] Foreign banks in China will be allowed to trade in yuan on an experimental basis at a suitable time, but no timetable has yet been decided, a newspaper reported yesterday. The Shanghai Securities News quoted Chen Yuan, vicepresident of
        AFP  -  253 words
      • Article
        Lock icon Govt report pushes for more markets for derivatives
        368 22 Advisory panel says technology might reduce role of brokers in future Reuter [SYDNEY] A national government advisory group has recommended in a draft report that exchanges, in addition to the Sydney Futures Exchange (SFE) and the Australian Stock Exchange, be allowed to
        Reuter  -  368 words
      • Article
        China set to be wild card in aluminium trade
        287 22  -  Its sporadic buying likely to cause market uncertainty From. Neil Behrmann in London CHINA is increasingly likely to become a "wild card" in the global aluminium business since its consumption will outstrip demand. Between 1990 and the end of 1995, China's
        287 words
      • Article
        Lock icon Losses still at US$1.8b, says Sumitomo
        336 22 Reuter [TOKYO] Sumitomo Corp said yesterday its losses from a decade of unauthorised copper trades were still estimated at US$l.B billion (552.53 billion), despite a sharp fall in the metal's price since the scandal broke earlier this month. It said it would appoint accounting
        Reuter  -  336 words
      • Article
        Lock icon JGB buying helps Euroyen
        235 22 SIMK Report Reuter [SINGAPORE] A large-lot purchase of Japanese government bond (JGB) futures lifted Simex Euroyen futures out of the doldrums in afternoon trade, but dealers said further gains would be limited. After trading around 98.70/71 for much of the morning, December Euroyen rose to a
        Reuter  -  235 words
      • Article
        Lock icon CURRENCY REPORT
        168 22 Reuter, AFP TriHMloti THE dollar struggled to make a decisive break above the 109 yen level, but was weighed down by comments from US Treasury Secretary Robert Rubin that the US will not seek a stronger dollar at the G-7 summit. Traders adopted a wait-and-see attitude ahead of
        Reuter,; AFP  -  168 words
      • Article
        Lock icon Oil prices flat amid conflicting signs on supply
        314 22 ENERGY REPORT Reuter [LONDON] Oil prices meandered within a fixed range despite the persistence of a mildly bearish mood in a thin market given conflicting directional signs from Norway and Iraq. Oil prices have fallen over US$5 a barrel from early April
        Reuter  -  314 words
      • Article, Illustration
        Untitled
        1207 22 nTBMinCOMBTOTMTBg 4pm.jun24 *HMS$ Afotet m AdMU AtatastllSS "1 Corrowdto M Otlw »M Offor Carroncto M Offf K WTor St iSS to on* unit ot foreign currency StVSt to 100 v*it$ of tonign currency: tartrate Mat 1.H25 UMO 0.7093 0.7090 Froacft kmc 27.0909 27.1213 19.2245 19.2292 Canataa Oata 1-0329 1.0340 0.7321
        1,207 words
    • Article
      COMMODITY PRICES
      1600 23 8ICOM FIITUMS Jun24 8UMC1 (M*w ctostaq I30pa) 8SS1C0NTMCT(ScMtiA«) Ctos* MM OpM M—» Nlgl U» Sttt (tim) Interest •MM 201.00 ***** 205.75 775 890 A* 96 200.00 20&00 200.50 400 2050 ***** 196.50 196.50 50 2325 DK 96 196.00 190.00 195.00 150 ***** Jotflv 97 197.50 193.00 194.50 450
      1,600 words
    • Article
      WORLD STOCK MARKETS
      2326 23 LONDON Mntrtab J»» hKi A. A. Corp Adr 631/4 *1/2 AB Ports 277 -2 Abbey National 537" -7 3/4 Allied Lyons 460 -1/2 Am* 1101/2 1/2 Argyll 343 -2 Aula Group m 11/2 BAT tad 505 -1 BICC 323 unch BOC Croup 933 -1/2 BR Petroleum 558
      2,326 words
    • Article
      Lock icon TOKYO
      1655 23 Bloomberg Business News Q Nikkei 225 >7256 SHARES yesterday continued their ascent to heights not seen since the end of the economic "bubble" era, propelled by orders for blue-chip companies and speculative buying. The broad Topix Share Index scored its highest close in almost four-and-a-half years, underlining the buoyant
      Bloomberg Business News  -  1,655 words
    • Article, Illustration
      Lock icon HONGKONG
      1694 24 Bloomberg Business News Q Hang Seng ****** STOCKS rose for the first time in three days, led by property stocks such as Henderson Land Development Co Ltd. Henderson Land rose as much as 2.26 per cent after the company this weekend sold more housing units at higher prices than
      Bloomberg Business News  -  1,694 words
    • Article, Illustration
      Lock icon CHINA
      631 24 Reuter Q Shanghai B Share Index ♦0.002 THE B Share Index ended slightly up yesterday, with active buying of Shanghai Lujiazui Finance and Trade Zone Development by local investors supporting the market, brokers said. The index edged up 0.002 point to 52.093 points, on volume of 8.5 million shares
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  631 words
    • Article
      Lock icon TAIPEI
      372 24 AFP Hi VP Intel +2UO SHARE prices in Taiwan finished 0.5 per cent higher yesterday as investors' morale was boosted by improving relations between Taiwan and China. "China's favourable response over the weekend to President Lee Teng-hui's call for top-level meetings between the two sides had spurred a temporary
      AFP  -  372 words
    • Article
      Lock icon WELLINGTON
      283 24 AFP Q Wellington +4JM THE New Zealand Top-40 Share Index rose 4.56 points, or 0.3 per cent to 2,099.47. Within the index, rising stocks equalled declining issues at 17 all. Trading was valued at NZ555.7 million. —AFP j»i« na *h r—) AKZBankk* 6-80 *0.11 ***** Advant*9*s HMg* U1 0.03
      AFP  -  283 words
    • Article, Illustration
      Lock icon BANGKOK
      825 24 AFP □SGTMax -!Lt7 THAI share prices fell 1 per cent yesterday in thin trading due to investor concern over political instability, dealers said. "Investors are waiting to see whether the government will survive the no-confidence debate in July. New policies might mean more stimulus," said Chinda Phetploy-ngarm of Thairungruang
      AFP  -  825 words
    • Article
      Lock icon SEOUL
      398 24 AFP DOnpoßtiMg -13J88 SHARE prices dropped 1.6 per cent on the Korea Stock Exchange, pulled down by blue chips on gloomy economic forecasts. "There was no specific news to hit the market that hard. But the not-so-favour-able economic variables are pushing investors to the edge," said a trader at
      AFP  -  398 words
    • Article
      Lock icon SYDNEY
      613 24 AFP HAnOrfatriM *3i AUSTRALIAN stocks closed 0.1 per cent higher yesterday amid lacklustre trading affected by end of financial year portfolio adjustments, brokers said. The All Ordinaries Index finished up 3.1 points at 2,258.7. The All Resources Index was down 8.2 points at 1,424.3 while the All Industrials Index
      AFP  -  613 words
    • Article, Illustration
      Lock icon JAKARTA
      785 24 AFP fjOmDoatehfa +5J2 SHARE prices closed 1 per cent higher yesterday as investors hunted for bargainpriced blue chips. "People are buying bluechips again because they look cheap .but it is not a convincing rebound. The market went only up by 1 per cent," a dealer with a leading European
      AFP  -  785 words
    • Article
      Lock icon MANILA
      362 24 AFP Q Manila *1188 PHILIPPINE share prices rose 0.5 per cent yesterday as investors pursued blue-chip stocks. "There's buying on blue chips. But it could be a followthrough from last Friday and it's probably technical in nature," said Tessa Puno of Abacus Securities Corp. The Philippine Stock Exchange Index
      AFP  -  362 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Profit-taking limits gains
        7822 25 AFP, Reuter, Bloomberg Business News rl Composite Index +4.82 SHARE prices closed higher on spill-over buying from last week, but profit-taking limited gains in the afternoon, dealers said. "Some were selling off their earlier positions and prices could go higher once this is cleared," said a local
        AFP, Reuter, Bloomberg Business News  -  7,822 words
    • WARRANTS & OPTIONS
      • Article
        Two that shot through the roof
        3811 26  -  WARRANT WATCH -By' Ven Sreenivasan TWO Malaysian-listed warrants that figuratively "shot through the roof yesterday were those of warehouse and distribution companies Integrated Logistics Bhd (ILB) and Tiong Nam Transport Holdings Bhd (TNTB). Both warrants leaped by an amazing 36 per cent yesterday on
        3,811 words
    • Article
      CLOB INTERNATIONAL
      2389 26 "MALAYSIAN STOCKS 6f Or t*M Last Vol Day Laat Ovate Mv Otv VM Net M Cap H>gA Law »tssa Cewspany I* COOP) Hlgft Low Buyer Sewer Cw P/t $nHI US 1*4 5000 AISBSOc 422 N W «2 S.0 OJ Ml Wl 10 M as SOOt AMDBSOc 92.5 X
      2,389 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        944 27 TUMovmrwo) valikcwo) m*I c>* mm em rti Mann* iU» tta» 3tw •MM IUJO STTM NNM 9.143 SSn U« SOM4 IMS 57,035 mm m w» utt 2,7*2 taa 3,4*3 MM MM '5,623 13*96 O.TM ***** Wiwumw 970 m 2,439 2,419 MM* 393 395 1092 1.092 «LW 3,139 9,194 UK 1975 Mn
        944 words
      • Article, Illustration
        HOT STOCK
        57 28  -  Shiv Taneja INVESTORS thinking of buying shares of QAF Ltd should wait until the stock falls below the $U» mark, which ought to happen in the next few trading sessions, going by the directional indicators. QAF closed yesterday four cents lower at |IJ4 on a volume of 1.4
        57 words
      • Article, Illustration
        No kick in market and dealers blame Euro96 fever
        893 28  -  STOCK MAUBT COMMENTARY Summer holidays also cited; market watchers see fands nnderweighting S'pore and looking towards KL, Manila and Bangkok By Ven Sreenivasan THE Singapore stock market had an uninspiring day with funds sticking to the sideUnes in the absence of
        893 words
      • ON THE GRAPEVINE
        • Article
          Three wise men
          121 28 IT appears that getting independent directors for Amcoi Holdings is proving to be no easy task. The company, which was directed by the Stock Rtfthimy of Singapore to reconstitute its 13-man board to just Ave, with three of them to be independent directors, has yet to select
          121 words
        • Article
          No news is good news
          93 28 WHATS an analyst to do? One property watcher who ventured to say prices would stay flat In the aftermath of May 15 has lost his nerve and reverted to a "safer" position —that prices could come off by between 10 and 15 per cent over
          93 words
        • Article
          Riding on transport
          87 28 FOR several weeks now, KL-based dealers and analysts have been saying that KL-listed transport stocks, including motoring stocks, are poised for a maior takeoff. As if to prove them true, a handflil of shipping and warehousing counters such as Integrated Logistics, TkmgNam Transport and (Consortium Perkapalan took
          87 words
        • Article
          The night's still young
          59 28 COGNAC maker Martell and the Institute of Advertising hosted a party at Moonlite Park in Concorde Shopping Centre last night IT you think the two are strange bedfellows, check out the duration of the do—Bpm to 10pm. It ended when all good cognac-drinking sessions begin. OK,
          59 words
    • Article
      MAIN BOARD
      4554 27 Of 6c M in MM Lot* Vtf (toy L*t Ouata Ohr 0)v VM Nat Cap Avg t—I Lmm ttm Cimm *h C000> HH> U» ■nyar «—«r CNr P/t $W Prtca 5146 ASE NTSW 200 US- 214 165 1298 AcarSOc US189cdxo -I KH BO 190 XON 7.5 0.9 a?
      4,554 words
    • Article
      SESDAQ
      903 27 Or Or mm t»M List VI Day LMtOMt* Ohr M* VM Nat Cm w» in wi» cwpn »ia rooot w» t— i»rw *mm cv w $■< w mu 289 227 2000 ABRHMfaSc 229 cd *2 233 229 229 230 30 143 at U3.I 1018 231 234 129 2001 Asiwnatrtz
      903 words
  • Page 17 Advertisements
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      Page 18 Advertisements Column 1
      144 18 USA INVESTMENT Investment opportunities: Residential high quality enbloc condominium developments, for rental or unit onsale. Prime high yielding office buildings Downtown retail centre (US$lO to 50 million) Please call John Forrest, Ashley Wee or David Ling We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions,
      144 words
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      Page 19 Advertisements Column 1
      492 19 HMySSSIfI of Business Administration Awarded by Brunel-The University of West and organised in conjunction with Henley Management College 5* intake commencing in August 1996/5546,350.00 (Inclusive of 3% GST) You Will Be Respected With A Henley DBA Henley's DBA Programme focuses on the development needs of Hie individual in research, teaching
      492 words
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      1841 20 GPE Industries Limited (Incorporated in the Republic of Singapore) Unaudited Report for the Year ended 31 March 1996 The Board of Directors of GPE Industries Limited is pleased to announce the unaudited results of the Group and the Company for the year ended 31 March 1996 as set out below:
      1,841 words
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      Page 21 Advertisements Column 1
      1714 21 5 The HourGlass Limited (Incorporated in Singapore) ANNOUNCEMENT RESUUS FOR THE FINANCIAL YEAR ENDED 91 MARCH 1996 The Board of Directors of The Hour Glass Limited to pleated to present Its report on the unaudited results of the Company and of the Group for the financial year ended 31 March
      1,714 words
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      784 22 ACHIA ACMA LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at 17 Jurong Port Road Singapore *****2 on 11 July 1996 at 3.30 p.m. for the purpose of considering and, if
      784 words
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      Page 24 Advertisements Column 1
      105 24 0 Save up to 4hrs to the USA via our Detroit hub. The best way to enjoy extra time on the ground in the Eastern USA is to fly Northwest. m For instance, we'll save you almost an hour to New York and Chicago, shrs to Minneapolis, 4hrs to Detroit
      105 words
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      Page 26 Advertisements Column 1
      36 26 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai vimec ill AII V six times daily. Enjoy gourmet food, vintage wl-X. IMtb DAILTb French wines and a standard of service that's
      36 words
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      Page 27 Advertisements Column 1
      54 27 a PRECEPT EV SERIES in your game^ EXTRA SPIN Combines the Superior Distance with the Spin and G>ntrol of Wound Balls. EXTRA DISTANCE The Ultimate Ball for Distance and Accuracy. SENIOR For Better 'Feel* Control. I StmDGEsmne ASCENTE SPORTS PTE IJDI2 Utile Road #06-01 Lian Cheong Ind. Bldg 5(*****6) Tel:
      54 words
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      Page 27 Advertisements Column 2
      133 27 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 Ql2 months 6 months Q 3 months at 5560.00 at S$4OM
      133 words
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      Page 28 Advertisements Column 1
      1306 28 Singapore Closing Share Prices 24/06/1996 CLOSE PREV LOW HIGH Stilt# uss uss uss uss \llßfr Jardine Matheson 6.05 7.05 6.06 7.05 WGBXJI Jardln Strategic 3.14 3.08 3.08 3.14 J Farm 0.80 OJOS 0.80 0.81 Hongkong Land 2.22 227 2.21 2.28 wmmmm Mandarin Oriontal 0 1.37 0 0 EfiOttai Jardine Strategic
      1,306 words
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      Page 28 Advertisements Column 2
      279 28 MIME MATTER OF THE COMPAMES ACT, CHAPTER SO M THE MATTER OF TRFRRMi IB PTE LTD (M MEMBERS' VOLUNTARY UQUDMIOIQ Extract of Hw MinutM of an Ertmortemry Omni Meaßng of ImM at 1 PhMp SM #07-00 Uppo Canba, Singapore *****2 on 17 Jura 1908. SEECMLDESQUIDQH 1M to Coapay ba wound
      279 words
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      Page 28 Advertisements Column 3
      321 28 IN THE MATTBt OF THE COMPANIES ACT. CAP. 58 AND M THE MATTBt OF ACUMEN MTERNATIONAL (SINGAPORE) PTE LTD (Is Mssrtstt' Volustary UquMstios) Extract of th« Minutes of an Extraordinary General Meeting signed by the Representative of Holding Company relating to proceedings of Subsidiary Company pursuant to Section 179(6) of
      321 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      293 29 Knight Ridder, Reuter SEVERAL Panamaxes were reported fixed from the US Gult but rates generally were weaker, brokers said. A mixed week's trading has left die market very nervous. A felling Baltic Freight Index and increasingly lower physical fixtures especially for the US Gulf-Japan has kept the buyers
      Knight Ridder,; Reuter  -  293 words
    • Article
      MARITIME STOCKS
      211 29 J—M y- <m CWTOMrfMlM L4S -0.02 5 OMWIH t04 unch HO Cwwlwilfwl _14» -OAS 229 rtLS 7.70 «OOS 4V7 0.77 NIMtw US -009 17 NtffcaHa* tW *0M 4S) MucMZaaan a«7 undi 107 mcmmm HK&SO JUIIIllHp Ul (Mil 2 Jwf»c< 7At -OM EM MffaiCwf 020 «a» 99 IHtoHUl 130
      211 words
    • Article
      Philippines opens its first dedicated grains terminal
      305 29  -  Located at the fffltnnn pflningnlAj it is the fourth of its kind in the region From. Alec Almazan in Manila [MANILA] The Philippines has opened its first dedicated grains terminal and port in Marivales, Bataan. The US$4O mfflion (5541.4 million) Marivales Grains Terminal
      305 words
    • Article
      Container Asia, Tank Asia open today in S'pore
      263 29  -  By Yong Mei Fong [SINGAPORE] Two industry conference-cum-exhibitions, Container Asia 96 and Tank Asia 96, start today at the Raffles City Convention Centre here. The events will be opened by Malaysian deputy transport minister Wira Mohd All Rustram this morning. Tom Behrens-Serensen,
      263 words
    • Article
      MPA's first scholars
      122 29 [SINGAPORE] The Maritime and Port Authority of Singapore took in its first two scholars last Friday. The scholarships were awarded by Communications Minister Mah Bow Tan. In his speech, Mr Mah pointed out that the scholarship scheme was to ensure a succession of capable leaders needed for
      122 words
    • PORT Shots
      • Article
        Lock icon Hanjin shipyard workers strike
        66 29 AFP {SEOUL] Union member* walked out of South Korea's fourth largest shipyard, HanJln Heavy Industries, yesterday after voting for a strike, as other shipyards and the giant Hyundai Group braced for walkouts. Some 1,130 workers or 91.8 pa- cent of the membership cast "yes" votes in
        AFP  -  66 words
      • Article
        P&O goes to court in India
        76 29 [LONDON] P&O Indian Agencies, the Indian agents for UK-based liner shipping company P&O Containers, have taken a long running dispute, which has so for cost it over USSBS7,OOO(S#U million), to Bombay's High Court. The line wants to recover 348 containers which have been lying
        76 words
      • Article
        Lock icon Bremer Vulkan's ex-CEO in prison
        80 29 Bloomberg Business News [FRANKFURT] Friedrich Hennemann, Bremer Vulkan Verbund AG's former chief executive, is behind bars in Bremen's state Jail on charges of misuse of ftmds, though he was once regarded as the company's rescuer. Bremen prosecutors said Henneman, 60, was likely to remain in
        Bloomberg Business News  -  80 words
    • Article
      Lock icon China firm to expand fleet
      121 29 Reuter [BEIJING] China's Capital Iron and Steel Corp (Shougang) is to add nine bulk cargo carriers to its fleet within two years, the China Daily Business Weekly said over the weekend. Shougang's ocean-going shipping capacity would reach 1.7 million deadweight tonnes after the vessels enter
      Reuter  -  121 words
    • Article
      Lock icon Austrian company to sue Kvaerner
      178 29 Bloomberg Business News [LINZ, Austria] Austrian equipment maker VoestAlpine Industrieanlagenbau GmbH plans to sue Norwegian shipbuilder Kvaerner ASA for accusing it of stealing documents to win a nearly US$l billion (Ssl.4 billion) Saudi Arabian construction contract. "VAI is right now preparing legal efforts against Davy"
      Bloomberg Business News  -  178 words
    • Article
      Sea-Land Orient Terminals set to score world first
      240 29 [HONGKONG] Sea-Land Orient Terminals (Slot) is all set to be the first terminal in the world to handle over one million TEUs (20-ft equivalent units) at one berth. The terminal, which handled 880,334 TEUs last year, expects to achieve 1.03 million TEUs
      240 words
    • Article, Illustration
      Lock icon Niche trade reaps its rewards
      888 30 SPECIALIST CARRIERS; PERSEVERANCE PAYS OFF •The East Africa trade has been running hot but with the increased traffic has come port congestion and inefficiency. However, in many ways, these headaches have been more of an unexpected blessing than a hindrance Fairplay That which does not
      Fairplay  -  888 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      295 30 PACE Evergreen 6 am Cverprine 13 AMI 3 Famous 7 Abie 13 Feedertrans 13 Accord 12 FL-Bright 7 AfrwkM 4 fo««|Sni 12 AppensNp 4 f rot« 12 Astro 3 Frt World 7 Austral 11 t Link 5 Avant 6 Gemartrans ISA 7 Genshpg
      295 words
    • Article
      SHIPPING GUIDE
      13695 36 EXPORT ETA CTA AtfytrtlMf Vassal Voyaga TMapbona [TA ETA Advartlsar Vassal Voymf Talipboni SIN Oasrn Nam* Nam NumDar A To BOMBAY (BOM) 2093 A India lb ABU OHABI/ ST JOHNS (AUH) 2004 d/h u/b; acl trade fast tfsmi ts-zaw United Arab Emirates h/m ovot acl xour gemini «o
      13,695 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        610 43 WW VftyWo fcft> Arrival Dtpwtur J*"*"** tf* J W J17 alongside 29.06/230C f®? "5. 24.06/090< V* JH ilonqside 26 06/1500 g-Trjdjr 06*6 JB agX «'oS SfcSi* "2? 103 notnxx *Q2* ,Z 5/* JO) 2408/K00 *1 24.06/050< "?JBL2 <|* J« atamMe 24.06/1300 JWtr M ikm&t* 24.06/1815 *>* JO atagsidd
        610 words
      • Article
        CONTAINER SCHEDULES
        1679 43 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Boofclna/Balane* ><m« VyW Ctfc/Mr Nrto< Frow To Fr— to JM> m* 27/1700 24*00 2VMM 24/7900 1 25/0700 2V«» 25/V40C 4 2VBM 25*59 2VTTS to Sm 2244 25/2309 WWW N»l (Mi £*M 25/0*59 25/0900 a WW 25/0*59 25/0900 toli-i 44H M
        1,679 words
      • Article
        COCKPIT BUNKER MARKET REPORT
        800 43 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
        800 words
      • Article
        GLOBAL HOLIDAY
        387 43 JUNE as Slovenia: National Day. JDMBSS Chile, Malta, Peru: St Paul and St Peter's Day. Casta Rica: San Pedro and San Pablo Day. JDMBSS Sri Lankan: Market and public holiday. JDLYI Canada: Canada Day. Taiwan: Market holiday, bank account settlements. Thailand: Market and bank holiday; government and business
        387 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Worldwide ticketless air travel coming next year
        386 44 Airlines seeking to rednce paperwork and cot costs, lata official tells conference Reuter [KUALA LUMPUR] Beginning next year, passengers throughout the world will be able to board planes without tickets as airlines seek to cut costs, an International Air Transport Association (lata) executive
        Reuter  -  386 words
      • Article, Illustration
        Lock icon Plane that can land vertically
        66 44 [BERLIN] An artist's drawing of a combination of a helicopter and an airplane capable of landing vertically like a helicopter with the help of its adjustable propellers. The first prototype of the plane with a capacity of3o passengers is rrptctni to have its maiden flight
        AFP  -  66 words
      • Article
        Lock icon India to make new generation of military transporter
        342 44 Civil version will also be built to challenge Boeing AFP [NEW DELHI] Indian aviation experts announced yesterday they planned to manufacture a new generation of military transporter that would also be built in a civil version to challenge US-made Boeings in domestic
        AFP  -  342 words
      • Article
        Lock icon BAe, Boeing set to win US$2b deal: report
        129 44 Reuter [LONDON] British Aerospace pic (BAe) and Boeing Co are set to win a US$2 billion (Ss2.B billion) order from the British government for an update of the Nimrod aircraft, a British newspaper report said. The Sunday Times newspaper report said the
        Reuter  -  129 words
      • Article
        Lock icon Top Boeing chiefs hold talks in China
        178 44 AFP [BEIJING] Boeing Co chiefs are holding their first meeting in China, where the US aviation giant's long-time dominance of the domestic market has been seriously challenged by its European rival, Airbus Industrie. The 12-member board, which includes chairman Frank Shrontz and chief
        AFP  -  178 words
      • Article
        Lock icon Frankfurt airport hub of vast smuggling network
        279 44 AFP [FRANKFURT] The international airport here, Europe's leading freight handler, is also the hub of a vast and lucrative smuggling network covering drugs, protected species of flora and fauna, gold, ivory and costly computer parts. Ideally located in the centre of Europe, the
        AFP  -  279 words
      • Article
        Lock icon Jakarta expects to sell up to 900 N-250 planes
        311 44 AFX [JAKARTA) State aerospace company PT Industri Pesawat Terbang Nusantara expects to sell between 800 and 900 units of its domestically-designed N--250 turboprop aeroplane within the next five years, Minister for Science and Technology and IPTN president director Bacharuddin Habibie said.
        AFX  -  311 words
      • Article
        Lock icon Damp fruit may be cause of 777 evacuation
        186 44 Reuter [HONGKONG] Damp fruit may have trippied an aircraft's Are alarm and caused the evacuation of a Boeing 777 at Hongkong's Kai Tak airport at the weekend, Cathay Pacific Airways said yesterday. The alarm sounded in the cargo hold after the plane
        Reuter  -  186 words
      • LOG Book
        • Article
          Aircargo conference cancelled
          39 44 [SINGAPORE] Aircargo Logistics Asia '96, which was to have opened yesterday, has been cancelled. Tbe conference had originally been planned for three days, and would have had as its theme Opportunities and Challenges in Emerging Markets.
          39 words
        • Article, Illustration
          Lock icon First regular Israeli flight to Jordan
          70 44 AFP lAMMAN] A Jordanian officer guarding the Israeli El A 1 Boeing 757 after its arrival at Queen Alia Airport here on Sunday. Israeli Transport Minister Yitzhak Levy inaugurated the first regular Israeli air service to Jordan, becoming the first member of the new
          AFP  -  70 words
        • Article
          Lock icon CAL unit to open rep office in Beijing
          82 44 Bloomberg Business News [TAIPEI) China Airline*, Taiwan's largest airline, expects Chinese regulatory approval of a request by a subsidiary to open a representative office in BeUlng by the end erf the month, an airline official said. Calasia Investment inc. a Virgin Islands
          Bloomberg Business News  -  82 words
        • Article
          Lock icon Vietnam to reopen Hue airport
          87 44 Reuter (HANOI] Vietnam's ancient city of Hue will reopen its airport on July 1 following a three-month upgrade, a local aviation official said. Nguyen Minh Nhan, assistant director of the Central Group of Airports, said recently that work on repairs to the runway and terminal
          Reuter  -  87 words
        • Article
          Lock icon Renault unit to cooperate with US branch
          86 44 Bloomberg Business News [PARIS] Renault Vehkulss Industrie!*, the track and utility-van branch of France's second biggest car maker, plans to work more closely with its U8 Mack Tracks branch. The company said In a recent statement that the move, which takes effect on
          Bloomberg Business News  -  86 words
        • Article
          Lock icon Indian plant making Uno despite strike
          80 44 Reuter BOMBAY] Indian car maker Premier Automobiles Ltd (PAL) said yesterday it continued to manufacture the Fiat una according to schedule, despite a partial lock-out at its pint in north-east Bombay."We have delivered close to 880 Uno cars to customers ss of date/'PAL managing
          Reuter  -  80 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1271 44 on Fuaff eta fikwt m> rnnin sq909 mo sowo ows Dkamm 0*914 2335 tmm SWT 2320 AMaMt S0230 630 0fS2 2055 ftlilllliWC rrp ore orejno :—i Hm* vn745 ooo wm moo Amtortn GA097 1045 CA092 0030 ¥***** BIO VN740 1410 £5 US WT<I m mooouo «<5f?22
        1,271 words
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      14 29 Europe-East Africa trade reaps its rewards Perseverance pays off for specialist carriers. Page 2
      14 words
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      Page 29 Advertisements Column 2
      296 29 ticketlessair travel coming soon Airlines seeking to cut costs: lata. Back Fnffn BULLETIN BoAnn Peter Wlnslow UPS's GM United Parcel Service k has fe Peter Wlnslow as glgeneral ilMgager of Uff SKWROra. E He manage the day-to-day I z asfteK as'loversee. ii r development customs brokerage and the the 1
      296 words
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      Page 30 Advertisements Column 1
      1243 30 I OTHCH DESTINATIONS 1 I NORTMAMRICA I wmimm u on www w ok irr maaan m |wj m |wjMn«iMMM|iMMMM» W(MMut|«»MMn>lKA«iu|"'-*Tnfli>TiwuD M "njMri IMMM TMIjJW Mli" jj aassL. azsa2gg g g g g g g~g~ 52 «SZ! s as 8 R8 «T m.wa iu mm mm m/w a/v a/v u/a n/v
      1,243 words
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      Page 30 Advertisements Column 2
      212 30 Un— aarvtcaaryir—n»d /«R9nA by Mambara of Mw Rsgiiby of Members of tie Vi^Saf}) AocradMad Shipping Agents. SIbU Singapore Freight Forwards* Sfrore National Shaping Aaaoc *i«nril>on. Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 ffpow P.Kjtlanß AURORA 25/06 RdrrVAhw/BrTvVUK I A.HAZER 25/08
      212 words
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      Page 31 Advertisements Column 1
      953 31 PAOBC SOUTH WEST EXPtESS (DUICT) vga Iwr I m laim laina luH I m. I I oi I im I a I mu I a I I moan I§w TSCtSC \nm. Inm I u*? I iT/tb I mm I t*ma I h>«t I ,t*» I I I mmamm lam Ui/y
      953 words
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      Page 31 Advertisements Column 2
      1106 31 HANJIN SHIPPING I USA I |i»—/w» I* I' r I* I I I Iw I Ik I» Tw I w'l'ii l'rfT#l SSBe? IW w IW W n/« H» w mm MM mm-mm 1... W W h"" WWw» 11/ V »/v mm M 11/B g/w m/h m» M w w «/w
      1,106 words
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      Page 31 Advertisements Column 3
      209 31 EXPORT 3 X Japan -2 x Ho.itftmm -1 x Kaadmmt, K—lung FQ to MOC/NAHA/SBOAt/CaU/ICH MR im itr a? Ss*«? «7 iS; "JE? Jsjbhi —sis jul *»> hm wh ii^Hfinr ono mm mm- mm jut m*IU7 lIV ism ii» iut gg- W tir W >w iff Mr mr iii mr "i's
      209 words
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      Page 32 Advertisements Column 1
      744 32 «HQ WT HAM rout AMI UU STOH PJSUW SIN Htt (AO TVO SM UK HAS wmwExmss EBB W~ 77t »/t w/t Mama »m i/» vt vt p/t z/7 ww* man s/t t7T~ w/t »/t fT7T ~fij7T 177 i7T Essaotmss iiro vt vt 'IT in ~vT~ JWBB WP2I M M Vt
      744 words
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      Page 32 Advertisements Column 2
      1025 32 I NOR ASIA US?. r«n BCL VAL ALQ HOT ANT ML UM I SSSS" J~" 22 15E WW N47 M 47 1147 IM7 1*47 tvu I KSSr 2m SS nm mm am am am am SSlta •S-1 ll£ £2 'vw Hi mm mm mm im S22a 2£s SS IM> IMa
      1,025 words
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      Page 32 Advertisements Column 3
      615 32 KW A 1 I I |1 1 H H I i I I I I I I I I J L H H 111 m BHM|||||M|||H||RH Direct Container Service to Fangcheng *m Zhanjiang t m Vessel S'pore Fangcheng Zhanjiang UANBAO 07/07 12/07 M/ 07 n llTl IlirllHllKTIIlI^W" B* I /VO/7TRANS
      615 words
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      Page 33 Advertisements Column 1
      1024 33 PW^TRAir^HIPpiN^WELTP Mf 10 Ho« Chiang Rood #11-01 K«ppol Towors JMUMf Singoporo 0208 Tol: *****88 fox: *****17 iWsa I vot |si I qua In |msa vot isootfotiT «uo«* ■www Imm Ivm I oi/o7 ot/o7 mm I n/>; o»/Q7 WIBSSM I VHISI I W/07 I 00/07 07/07 OMBMH VHIHA 07/iT~ W/07 amwww
      1,024 words
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      Page 33 Advertisements Column 2
      1019 33 COUMM/KMMT/MUVA SWVA* (*VU COUMIO) T > BRCnn IMMM n mi craw. voosiw ETASGP 23/05 J I INN Mjfiyjwi I tim i itMdv mwjii i>»iw amcnnnmmm mmemt -ji r»< <»«** ICOST KM SHIPMNG FTILTD %crr tmim mar aw taawflnw c— wmwafi (Mrk uwim im*m*msm «>h^i» r wM»«w»h— i«in IW tAiwntcwg «g»n»im«u
      1,019 words
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      Page 33 Advertisements Column 3
      417 33 I QtfTMOtMM I m. PH I JOH m |«|uq|ii|b|w|ioi| mc I pa _ja_ _M_ _BL _ML -JUL MS ll I MWM7II/MM I no| RH Mtlpattl n/v IMI I «/W %/V l(W 1147 IW 1147 H47 1147 II I 10(47 £SI££SI wp n% '\*S w i;/y H47 wa H4? n/v wZ
      417 words
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      Page 34 Advertisements Column 1
      1081 34 MMHWMMiMIWIIWMJAWW MP MM ANW NH W UN LHV TNP ROM ANW KM P*L MP E. REPUTE RW-884 2M 11/7 24/7 28/7 22/7 Hfl E. SUMO RE-878 0 38/5 28/5 1/1 2/8 2SA 27* E. RENOWN RW-817 W 28/7 11/7 27/7 IW7 31/7 E BROUP RE-848 4* 7/1 M M 8*
      1,081 words
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      Page 34 Advertisements Column 2
      880 34 vtssa votmi m mm m m m m I vissa v— m ami bm bait usp iMOHM MUM 17/* 07/07 H« IW l(« WV IMONMD MM4M lS« il/M 24/04 I ■nun MOMmr w% n/v iw \w 12/07 mom msSs 12/n i)/5 11/04 ivm oi/v J •At»osooßpNnQFa.toOohßiShs»MfrJotoMMvMOubsi.MuscM(MtoMOMboos). Msh MMid vM OHM.
      880 words
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      Page 34 Advertisements Column 3
      558 34 BweiiHimuniKAooiCM (S) PTE LTD TEL: *****33 (13 UNO) FAX: *****18/*****03 wans ***** miipikw) CR NO: **********0E I I SHIPPING LKS ffmriMi I hn nf FlMnetol ACCEPTING FCL AND CONVENTIONAL Way «TA Laadhelor f"~' An—l 44W8 IM>7 D^oU< Abyot 49M8 Km Mcmtwaa. Dpboul H HaHßlwilllE^ FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING
      558 words
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      Page 35 Advertisements Column 1
      623 35 BSA talL MYANMA \SBBk FIVE STAR UNE (My«NMT NoDoml Um) Lootof for Y«fM (l-yw) VBSH HOT K6 KM KM AVA IJ4W 2S/M MKU 132W 24/ M MALAYSIA AGENTS: OOUSTEAO SMPTING AGCMCKS KtlL TO 03-03-*****00 PIL TH 02-03-*****01 rot m 02-04-*****02 rm m 02-07-*****21/4 BANK LINE (A urrki Urn W«k SMppM|)
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      Page 35 Advertisements Column 2
      1065 35 HYUNDAI MERCHANT MARINE CO. lIP. WBIBOUHB TO EUHOW BKO; *****61 WOA fM I MO I VPSa/VOT VOT 5M W |*W I L£H I HII IWI |IB 24/0* 20/04 20/ M M. ANMOAI MIW 01/07 14/07 21/07 13/07 21/07 11/07 13/07 M/ 07 M/ 07 M/ 07 IL OUUBKB J22W 40/07
      1,065 words
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      Page 35 Advertisements Column 3
      434 35 I (j& FAMOUS CONTAINER LINES ills— 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 LINES) I DIRECT SERVICE/ I WEEKLY SAILING ALSO ACCEPTING... ALEXANDRIA BEIRUT, LATTAKIA HAIFA CALL OUR HOTLINE *****33 CONTACT RAMLAH NOW li P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU
      434 words
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      49 37 To retrieve more schedules, just follow these simple steps... document fyigi 740-6000 tep be faxed W~ M the port your Step key in the four jßhone number Jp digit code jt Key in your Exampte: r-*—, fax number To HAMBURG (HAM) 2180 for calls within Singapore Q fma "y
      49 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      215 38 MANILA ,t M ,<rl WIW rasa imm\ man mrm mt~ w» www I mat I raw row woog* mt nmen nmam nnmm tm I u/vwm I 1 u/wwwl viiMtt—a ma n/wam w/iwhb numau na m/bw i I w/wtng) I imocum tm w/wtwo w/iwo ■»"«—i mi w/mwp 11/ www FOW KHANP
      215 words
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      Page 39 Advertisements Column 1
      506 39 Tropica! wMdv ia *KL son** XITIPPIIVG 6 ,DW Control ASIAOCVMO NARA MAKSK9623 MASS* 9628 Port Country 01/07 08/07 BalizaOy B*li» 04/06 11/06 Barbados 07/08 14/08 'Cartagena Colombia 00/08 13/08 Casta* Si lucia 06/08 13/08 Fort d* Franc* Martinique 07/06 14/06 «a iffMport Bahamas 02/08 09/08 IGngrton Jamaica 04/08 11/08 PbinMaPHi*
      506 words
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      Page 39 Advertisements Column 2
      1165 39 =rrm advance container lines (pte) ltd API 140 Cwfl Bkwt, #12-00, PIL BuHdkiQ, Singapore *****0 VUz TEL: *****21, FAX *****19, TELEX: RS ***** ACLPL. C« NO. *****M0000E iAWOKOK 7~7~ JAKARTA LOt > (4 ti Mltt/Wiil) vbsm vor »i moc sm vmsb. vor an jkt an SMSAMUT SKS2II 26/06 V*d 29/06
      1,165 words
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      Page 39 Advertisements Column 3
      766 39 **********07 wraarii w «n oametta uehimme hamburo |tih>mctort rotthpam amtdwwp VXE pg SAOfTTA tWW aw 02/07 IM>7 18*07 17/07 18/07 20*07 mtocNQflm maw 02*07 i3W7 23/07 MOT am wor mr VaXEDCQTMNA HIMT OMIT 21/07 30*07 31/07 02/08 OMB OMB VrtLLE 06 LYRA "YT«W 82/07 08*82 07/08 08*08 10*08 IMB ALSO
      766 words
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      Page 40 Advertisements Column 1
      1290 40 voy —i jkt j vnia voy mm rw I^B Uftv ~Si mm i MOLITWr W Tu* IhW "m 20*00 B.MABOUA <0W Tu» Ito Pt "li»r"j"27A>oj^M 25 1 W ANA BHUM Sttß Wd HZT Sun MM I W*»* gll_ Thu 27A>6 St 2SW6IM ■> namtabhum 300N Tm mw m »w 1
      1,290 words
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      Page 40 Advertisements Column 2
      698 40 pORT KLANG StfijpU penang w» w I i m Iwa in m m mm tup tvmm vrnim urn m v/vm iMtoa »UM m vmm ~M>hi ■■n *m wum aw* ww *mw mum m w*m saw 4411 mioh u/vvt tm WIT IRI WV wiKW m mmi worn Wim W BOTB KOT
      698 words
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      Page 41 Advertisements Column 1
      654 41 SINO IXPRISS SHIPPING (PTI) LTD. I M M 1 11 COLLYER QUAY *06-01 THE ARCADE SINGAPORE *****7. TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX L SINOTIANS SHANGHAI KONTAINIi SEHVICE) Also occepting container cargo to: YESSB/YOY ETA SIN ETAHK6 EMSHA W/T HKG: Beijioo. (town. jSTyu 9605/9606 27/06 01/07 05/07
      654 words
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      Page 41 Advertisements Column 2
      798 41 Mil cfINTAIMER LINES. IMC Agtwti: MAC-NELS SPORE: *****22 (24 LINES) kuchmq:<o«2) 424*33 rK"A" J «■«•»immrnmmm B®u:(o64)n«i7» MAMLA:(B3Z)n2M6i V w PENANQ: (04)tM6M BANGKOK; (882) *****67 BURABAYA: (31)*****8 ft KRAHQ: (03) *****77 JKt (31) *****07ICN: (81) *****3 6AHDUMQ: (23)*****16 20TH ANNIVERSARY OFFER:-(LowMt-LowMt Rates) PEN/PK SIM HONG KONG 26/6 27/6 mv "WAN HAI
      798 words
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      Page 41 Advertisements Column 3
      341 41 ATTRACTIVE FCL/LCL RATES TO:': Indian Sub-Continent Ports MADRAS/BOMBAY/ CALCUTTA/COLOMBO/ CHITTAGONG NHAVA SHEVA f I OS WENDER CONTAINERLINESSj ENQUIRIES BOOKINGS*;. PLSCALL TEL: 224 6744 1 1* 13 W O.K. LINE 1 FULL CONTAINER SERVICE 3 1 PORE/JAKARTA VESSEL VOY SM JKT TAMBANG VM 7307/7308 2*06 28/08 9018 OCT I^l S'PORE/SURABAYA/SEMARANG VESSa
      341 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      464 42 SHIPPINGTIMES BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-60 00 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. INSURE TOUR M Ids easy to apply.
      464 words
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      Page 42 Advertisements Column 2
      293 42 j" Business Centre K W now H:: request for I Document Cod# B ***** I »< it ShippinoTimes Business Centre E Advertising thai deilvera your ,J buaiiwas beta through the fax wmi mmm* Are you looking HHB r for a freight foHlrder 1 WWTm*% JTV Call SFFA I (0 Reliable
      293 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      127 43 0 LEGEND: Thunderstorm Temperature c A y Shower Weother Wind <Srection with speed in knot* ••Rain J Cloudy Sky Wov# h- ""dieted by arrows wkk Hy with the wind vl) O"* W circle represents cafm or Ight ond voriobte winds 1 One hoW Heche represents 5 knots J O"* U
      127 words
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