The Business Times, 13 May 1997

Microfilm: NL20883
Total Pages: 44
1 44 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85« SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, MAY 13,1997
    13 words
  • Article
    MARKET SUMMARY
    56 1 sm 210L48 (+35.27) wmwr-m UM23J7 (+14.89) flRTOOHP U2M&34 (+18.93) flBTMQA U MM2 (+17.39) gJlUMETMOOft WWiMBfnBMCBB Monday Change KLSECOMP WW&B NIKKEI «LI4«1 _+m7l HANG SBHO ll&lM SET INDEX MtW H* JAKARTA COUP —fTMl MANlLAtOJIF dwed TAIPEI WH 7 JUM —JI7M SEOULCOUP 1711® -M8 CliJA CHINA B —ljS71* +V M
    56 words
  • Article
    FINANCE
    70 1 EXCHAWBE BATES ust s$ US 1.619 1322 DM MM &8K YEN IN M42 1*8 US .UN W»7J us .1.129 *1» BAHT 0.M9 e.ltt RUlfAHlW t-IHI M69 PBDOSIATES SINGAPORE* i.44 KUALA LUMPUR 9 JO JAKARTA ISjOI BANGKOK ll» MANILA 12.6® HONGKONG 8.75 TAIPEI SYDNEY Mt twoo ue SBOUL 1175 ZURICH**
    70 words
  • Article, Illustration
    Lock icon HDB upgraders hold key to property market
    770 1  -  MAY 15 PROPERTY CURBS: OME YEAR LATER They account for 35% of monthly property deals in Q1 against 20% before last May By Tan Su Yen [SINGAPORE] One year after the government's surprise curbs against property speculation, HDB upgraders hold the key to
    Source: SISV  -  770 words
  • Article, Illustration
    Lock icon US$ stabilises as worried Tokyo officials give assurance
    369 1  -  From Anthony Rowley in Fukuoka, Japan THE US dollar appeared to stabilise yesterday after a precipitous fall that seemed to be getting out of hand until senior Japanese officials stepped in to declare that the decline had gone far enough. After falling
    Source: Bloomberg; ALLAN  -  369 words
  • Article, Illustration
    Lock icon The chess champ is a machine
    267 1 Reuter [NEW YORK] The supercomputer Deep Blue made chess history on Sunday when it defeated Garry Kasparov for an overall victory in their sixgame re-match, the first time a computer has triumphed over a reigning world champion in a classical chess match. The Russian
    Reuter; AFP  -  267 words
  • Article
    STII soars 35 points – its best single day gain this year
    321 1  - STII soars 35 points its best single day gain this year Institutional investors reallocating funds to Singapore By' Ven Sreenivasan [SINGAPORE] The Singapore bourse yesterday ran up its biggest single-session gain this year as institutional investors took a positive view of the local market in relation to other regional bourses
    321 words
  • Article
    Dow up 101 at 1pm EDT
    57 1 [NEW YORK] The Dow Jones surged in early afternoon trading yesterday, breaking its May 6 record as bond yields declined. At Ipm EDT, it was up 101.79 points at 7,211.32, topping its May 6 intra-day peak of 7269.47. The 30-yeaj-Treasury bond yield was down
    57 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      128 1 mauiE Trims stacks dto Taiwan stock market plunged yesterday, after the central bank said foreigners moved the largest amount of investment cash out the island in two years, Pf 7 MEWS TAME •CM if Mh, thkpg. Forex rates getting to be very volatile, and tills factor is sensitive to some
      128 words
    • Advertisement
      Page 1 Advertisements Column 2
      107 1 MORE REPORTS Rentals slip 10%, Pg 4 Baying properly: it pays to wait, Pg 4 Residential tenders: more close without any takers, Pg 4 Projects taking longer to sell, Pg 5 Hud stocks slide, Pg 6 M wlnlillrloiß Signature Dishes Singapore S Jl Barbecued Sugar dollar Chinese Braised Pigeon with
      107 words
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article
      Business intelligence firm keen to tap potential in region
      462 2  -  Kroll Associates sets up S'pore office to service companies going overseas By Conrad Raj AS the world's largest firm providing business intelligence, Kroll Associates has helped the Philippine government track down the hidden millions of the late Ferdinand Marcos, the Indonesian
      462 words
    • Article, Illustration
      TAS asks SingTel to stop CDMA trials
      493 2  -  Sing Tel denies it is to blame for interference in Mi's network By i Catherine Ong THE Telecommunication Authority of Singapore (TAS) said it has ordered Sing Tel Mobile to stop trials on a new handphone technology called the Code Division Multiple Access
      493 words
    • Article
      US drugs group to build US$50m plant
      217 2 New S'pore facility to make part of RPR's leading product US-BASED drugs group Rhone-Poulenc Rorer (RPR) will invest US$5O million (Ss72 million) in a new chemical manufacturing plant in Jurong, the company said yesterday. The three-storey factory will be built next to RPR's
      217 words
    • Article
      Demand for automation systems to grow 30%
      205 2  -  By< Audrey Tan SINGAPORE'S demand for industrial automation systems is expected to grow 30 per cent a year for the next three years, Singapore Industrial Automation Association (SIAA) president PA Vasenwala said yesterday. He said the growth rate on 1996's base of $2.3
      205 words
    • Article, Illustration
      Lock icon Number of visitors up 3.7% in Q1
      340 2  -  EYE ON THE ECONOMY Commerce By Ang Wan May TOTAL visitor arrivals rose 2.5 per cent to 657,493 in March, bringing the increase for the first quarter to 3.7 per cent, according to figures released yesterday by the Singapore Tourist Promotion Board (STPB).
      Source: STPB ALLAN  -  340 words
    • Article
      Demand for natural gas seen outstripping supply
      550 2  -  BTsUn, Indon supply below projected demand by year 2005 By\ Ronnie Lim DEMAND for natural gas here is estimated to reach 500-600 mtllion standard cubic feet (scf) daily by the year 2005, outstripping current supplies from Malaysia plus that expected from Indonesia's West
      550 words
    • Article
      New US$66m plant for Mitsui Toatsu
      170 2 MITSUI Toatsu Chemicals (MTC) will invest US$66 million (Ss9s million) in a chemical manufacturing facility in Singapore, to be located on Jurong Island. MTC's plant, which is expected to be operational in 1999, will produce Bisphenol-A (BPA). BPA Is used In producing polycarbonates, used
      170 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      22 2 Address: ■<" 11 S {fflfp.Wi ./.r»y IP. I 1 1 1 I'* V W Tel: ,—_Fax: Touch down at our worldwide website: http://www.cathaypacific-air.com
      22 words
    • Advertisement
      Page 2 Advertisements Column 2
      70 2 Ensuring better security, prices for energy, Pg 13 Wardrobe system with the elegance of slimline aluminium and powder coated sliding doors with mirror panels. 'Magic Touch' wardrobe doors are fully imported from Australia and are custom made to suit your requirements. The beautifully designed slimline and soft ISs|hM|ll rounded contours
      70 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      242 3 Centennial TOWER a 1 imgi pp* hs Rirr npii U in >| !iil HA in iia m I^— iaß f«iai«Haic^H &>/4 Distinctive and Inspiring is how some would jjj»j| "J I j|SH the spectacular work of Roy Lichtenslein, Frank Sulla, Attention to detail ensures a quality finish unique m describe
      242 words
Page thumbnail Page 4
  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon Rentals slip 10% as reality of tenants' market sinks in
      704 4  -  MAY 15 CURBS: ONE YEAR LATER Landlords take longer to rent despite lowering rentals; tenants getting harder to please By Tan Su Yen [SINGAPORE] Landlords are waking up to the reality that it's a tenants' market out there. In the
      Source: Edmund Tie & Co  -  704 words
    • Article, Illustration
      Buying property—it pays to wait
      729 4  - Buying property —it pays to wait THB PROPERTY COLUMN Patience Is the key word now considering possible new curbs and the looming oversnpply By Lee Han Shih IS IT safe to go into the housing market now that almost a year has passed since the government introduced its first set
      729 words
    • Article
      Residential tenders: more close without any takers
      666 4  -  Collective sales up to May this year fall to $344j3m from $648.4 m last year By. Diana Oon SINCE the property curbs were introduced a year ago, more private residential tenders have closed without any buyers as developers turn cautious in a quieter
      666 words
    • Article, Illustration
      Lock icon The hard sell
      80 5 Anti-specukUiop measures launched last May froze speculator* in their tracks and injected a heavy note of caution into buyers. Sales of private housing units have slowed considerably stark contrast tqihe period s' hading up to $ie measureswhen 80 to 90percent off new projects were snapped up within
      Compiled by BT  -  80 words
    • Article
      Projects taking longer to sell despite lower prices
      701 5  -  KAY 16 CURBS: ONE TEAR LATER Developers focus on design, give discounts and absorb stamp duty to bring in buyers Reports by. Abdul Hadhi [SINGAPORE] PRIVATE residential projects are taking much longer to sell despite slightly lower prices, reflecting the shift towards
      701 words
    • Article
      Foreign buying ebbs as market slows
      335 5 FOREIGNERS are buying fewer residential properties in Singapore, in line with the general slowdown following the stiff curbs introduced last May. According to data from the Singapore Institute of Surveyors and Valuers (SISV), foreigners bought 625 properties in the 10 months from June last
      335 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      36 4 i 5 \td C A f Drop in for a delicious experience Bboss Cafe Bar 21 Yung Ho Road #01 -04 Jurong NTUC Lifestyle Centre Singapore *****3 (opposite Tang Dynasty City) Tel: 262 0285, 262 0497
      36 words
    • Advertisement
      Page 4 Advertisements Column 2
      60 4 For Sale By Tender UOL BUILDING 1 ORCHARD ROAD N(m I I" ~J J I I I I I Freehold Regular floor plate (6,CXX) sq ft) Naming rights Strata subdivided (81,892 sq ft) Next to Somerset MRT station Ample carparking lots 100% committed established tenants Tender closing 12 June 1997
      60 words
    • Advertisement
      Page 4 Advertisements Column 3
      80 4 Close proximity to CBO ar>d6asy access t0 Lettable Area: Approx. B 12.500 59,202 sq ft With/without airpC' --v.-., conditioned units Soh Marketing Agent 4ft Jones Lang Wootton Tel: 220 3888 Raffles Place Office For Sale Tenure 999 years leasehold Floor High floor (sea view) Floor Area Approx 8030 sq ft
      80 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      54 5 Collective Sale By Tender Large Freehold Residential Site At Clementi Park, Sunset Way v&w/ g- te ea: v loop/ L. 12,535.6 sq m (134,933 sq ft) t Town Planning: R at 1 *4. 4-storey I=3 5 J X /X Tender closing: s M clementi \ff ,«*<£ 17 June 1997 at
      54 words
    • Advertisement
      Page 5 Advertisements Column 2
      56 5 FOR SALE BY TENDER PRIME RESIDENTIAL SITE AT GILSTEAD ROAD Excellent location in District 1 1 Land area of 22.265.33 sq. ft. approximately Freehold Excellent accessibility DGP plot ratio 1.4 Height restriction 4-storeys Lot 1 1 1-6. T.s. 28 For further information tender documents please contact: INVESTMENT DIVISION Patricia Soh
      56 words
    • Advertisement
      Page 5 Advertisements Column 3
      63 5 GROUND FLOOR WAREHOUSES at AMTECH BUILDING \tfS&P t ft 3* II" *M Unito2 10 958 fIJ IHiiiiiiiiiiiiiiihSSmMM Umto3 ***** ftl ill! M^^bn^^^HlHDffiKEGDH 7.5 metres New high-tech warehouse/factory building. 10 loading bays with docklevellers. Ample basement car lorry parking. Fully leased to reputable tenants. For further details please call: Investment Sales
      63 words
Page thumbnail Page 6
  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon SET falls below 600-point psychological barrier
      338 6  -  BANGKOK Index closes at lowest level in more than six years By: Harish Mehta A SHARP revision downwards of the government's forecast of economic growth to 6 per cent this year, and loss of confidence in the administration's ability to boost flagging exports sent
      Source: Bloomberg  -  338 words
    • Article
      Room to improve land acquisition law: expert
      315 6  -  KUALA LUMPUR By\ Eddie Toh THE amendments to the controversial Land Acquisition Act are not fai-reaching enough to prevent future abuses by state governments, says a property expert. Salleh Bujang yesterday said many abuses in the past, especially land acquisition by state governments
      315 words
    • Article, Illustration
      Lock icon Perwaja privatisation deal soon, says Dr M
      311 6 GURUN, Malaysia Lion Corp looks ready to help save ailing national steel-maker Reuter, AFP A LONG drawn-out deal to privatise Malaysia's ailing Perwaja Steel will be signed soon, Prime Minister Mahathir Mohamad said yesterday. Lion Corp Bhd, one of the two steelmakers invited
      Reuter,; AFP  -  311 words
    • Article
      Lock icon Strikes in Indonesia fall 33.3% this year
      208 6 JAKARTA Most strikes are over failure to pay minimum wage AFP, DPA INDONESIA had 76 labour strikes during the first four months of 1997, 33.3 per cent down from the same period last year, Manpower Minister Abdul Latief said yesterday. Mr Latief said
      AFP,; DPA  -  208 words
    • Article
      Lock icon KLSE chief slams Japanese broker for negative views
      419 6 KUALA LUMPUR Broker said ITsian market hit by news of DrM's long leave Reuter THE president of the Kuala Lumpur Stock Exchange, in a report published yesterday, slammed a Japanese stockbroker for not giving "accurate news" about the Malaysian market on a
      Reuter  -  419 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      244 6 ROBINSON POINT. IT'S THE SMARTER BUSINESS ADDRESS. Robinson Point presents discerning businesses a rare privilege to be at one 1 of Singapore's smarter business addresses. A modern (he BP B IS the Hp Way. BpH B B| I to js- I JBIIH^h to the MRT station. IB I f There
      244 words
    • Advertisement
      Page 6 Advertisements Column 2
      60 6 ■I Results of tender for IS|P IHHble book-entry Government Bond |B 1997 due 15 May 2002 MM f|||to be issued on 15 May 1997 'MR Tenor approx. 5 years Amount Offered Allotted *****,000,000 Amount Applied 551,186,000,000 Interest/Coupon Rate 3.25% p.a. 55 Average Yield Price Cut-off Yield and Price 3.37% p.a.
      60 words
Page thumbnail Page 7
  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon Taiwan stocks nosedive as foreign funds flee
      450 7 TAIPEI Analysts say market slump an indication of coming correction on political jitters Bloomberg, Reuters TAIWAN stocks took their biggest dive in almost a year after the central bank said foreigners shifted the largest amount of investment cash off the island in two
      Bloomberg,; Reuters; Source: Bloomberg  -  450 words
    • Article
      Lock icon Taiwan firms increasing investments in China
      265 7 TAIPEI Bat island's investments in S-E Asia falling AFP TAIWAN'S manufacturers are increasing investments in China while reducing their presence in South-east Asian nations, the Economic Ministry said yesterday. According to a ministry survey of 1,312 manufacturers who had overseas investments, 72.7 per cent
      AFP  -  265 words
    • Article, Illustration
      Lock icon News of the past
      55 7 [SHANGHAI] Shanghai residents reading old copies of the Ta Kung Pao, a Chinese newspaper published in Hongkong, at an exhibition in Shanghai to mark its 95th anniversary on Sunday. The newspaper was one of Shanghai's major Chinese newspapers before the communist takeover In 1949, but ceased
      REUTER  -  55 words
    • Article
      Lock icon Debate on China's MFN renewal may be delayed: Gingrich
      297 7 WASHINGTON AFP DEBATE on renewing China's most favoured nation trade status could be delayed by Congress until autumn to see how Beijing deals with the handover of Hongkong. US House Speaker Newt Gingrich said on Sunday: "We've offered to the president
      AFP  -  297 words
    • Article
      Lock icon Sweeping reforms to hit Chinese factories
      260 7 BEIJING Small firms may be merged into publicly traded conglomerates BernamaKyodo CHINA is proposing to close down factories across the country in a sweeping reform of thousands of small stateowned companies responsible for billions of dollars In wasted production. Many of these enterprises were
      Bernama- Kyodo  -  260 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      335 7 "*T y*.f r«f r- 1 We worked five years to perfect its Not to mention its hidden virtues. understated elegance. k*' OLASHttTTE VSA It was not the thought of fame that moved the brilliant was displayed by the watches of "A. Lange Sohne", great-grandson, returned to his home to once
      335 words
Page thumbnail Page 8
  • HONGKONG-CHINA
    • Article
      Lock icon Tung should scrap Patten's reforms: SM
      341 8 SINGAPORE Move will win China's confidence, facilitate rule of Hongkong, he says AFP SINGAPORE'S elder statesman Lee Kuan Yew has urged Hongkong's incoming chief executive Tung Chee-hwa to scrap reforms by outgoing British Governor Chris Patten in order to win China's confidence. 'If I
      AFP  -  341 words
    • Article
      Chief exec to go on roadshows after HK's return
      373 8  -  HONGKONG Aim of trips to Japan, Europe, N America is to highlight autonomy By Loh Hui Yin IN a bid to correct wrong perceptions overseas about Hongkong after it reverts to Chinese sovereignty, chief executive-designate Tung Chee-hwa and his team of
      373 words
    • Article
      Lock icon China funnelled US$1m to US lobby: report
      175 8 WASHINGTON AFP CHINA'S State Council covertly funnelled almost US$l million (551.44 million) to the United States to influence US politicians and policy. Newsweek magazine, quoting unnamed federal law enforcement officials, reported on Sunday that the money was sent to the United States through
      AFP  -  175 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      428 8 Simply The Best Make your winning move with Sing Tel Mobile's new GSM price plans. tt S2Bsubscription per month iw P«SwmS P fa,°2 B FREE lull' mins local talktime fasu^r^b, 0 00 *onhrt" >hs (30 mins peak/100 mins off-peak) free Sjjjjjjjfc for 6 months jP Lower Talktime Rates: Peak 35c
      428 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      309 9 I CHELSEA GARDENS I n! »i BTTim,af gH^^Mßlj^^B ■POSy« Ee* t! 9ss& b fl bl»- II v Hi a fc HI I SPLENDOUR OF EUROPE I I AT ONE OF SINGAPORE'S MOST PRESTIGIOUS ADDRESS I Every once in a long while, you will come upon a work of art of
      309 words
Page thumbnail Page 10
  • ASIA
    • Article
      Deficits and debts may spark Asian crises: official
      369 10  -  ADB ANNUAL MEETING Problems seen unless governments, central banks strengthen banking systems From, Anthony Rowley in Pukuoka A SENIOR US official warned yesterday that ballooning current account deficits in some Asian countries, allied with rigid exchange rates and a build-up of short-term
      369 words
    • Article
      Diamond stocks: gems in the making?
      448 10  -  SYDNEY Byl Russell Baker AUSTRALIAN mining entrepreneur Joe Gutnick was all but broke after the 1967 sharemarket crash when the now late Jewish religious leader Rabbi Menachem Schneerson told him he was destined to discover huge deposits of gold and diamonds. Fulfilling one aspect
      448 words
    • Article
      Lock icon N Koreans starving but not dying: UN official
      160 10 BEIJING AFP A SENIOR United Nations official Just returned from North Korea's remote areas said here yesterday that the country was experiencing "a famine in slow motion". "If you ask me the question if they are starving, my answer is a categorical
      AFP  -  160 words
    • Article
      Lock icon Academics urge Seoul politicians to uproot graft
      248 10 SEOUL AFP SOUTH Korea's senior academics issued an unprecedented call to the country's politicians yesterday to end the current crisis by getting to the bottom of a swirling loans-for-kickbacks scandal. The call by more than 200 heads and former heads of the country's
      AFP  -  248 words
    • Article, Illustration
      Lock icon Aussie govt looks to budget to boost polls standing
      422 10 CANBERRA Canberra hopes to (winter growing threat from Hanson Reuter AUSTRALIA'S conservative government is looking to its mid-term budget today to help restore its standing with voters and counter a growing threat from populist rightwinger Pauline Hanson. After last year's stringent
      Reuter  -  422 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      434 10 WHAT IS GOOD ENOUGH FOR 3 si strr BH WE BRING TO YOU AT TELESHOP •FREE 2nd 400mAh NOW $2562.64* Li-lon battery worth $100 to $422^from Sing Tel 3 "The Saint" is the latest suspense thriller only) from Teleshop. Remember that Handsfree Package 2 Headset worth si2o 5 includes $20
      434 words
Page thumbnail Page 11
  • THE WORLD
    • Article, Illustration
      Lock icon Budget deal will pass easily, says Gingrich
      488 11 WASHINGTON Complaints and differences over its terms won't derail the package, says the House Speaker Bloomberg THE balanced-budget agreement worked out by the Democratic White House and the Republicans who lead Congress will pass by an "overwhelming" majority later this year, US House
      Bloomberg  -  488 words
    • Article
      Lock icon Yeltsin vows to press on with communal reforms
      323 11 MOSCOW Govt plans to replace housing subsidies with rent support Reuter RUSSIAN President Boris Yeltsin promised yesterday to press ahead with reform of the costly system of subsidies for housing and communal services and said the poor would not lose out from
      Reuter  -  323 words
    • Article
      Lock icon More than 4,000 died in Iran quake: official report
      119 11 TEHERAN AFP MORE than 4,000 people were killed in Saturday's earthquake in eastern Iran, state television said yesterday. The TV broadcast was the first official confirmation of an Iranian press report yesterday that more than 4,000 people had died in the
      AFP  -  119 words
    • Article, Illustration
      Lock icon Voters' approval of Clinton's performance improving: poll
      296 11 WASHINGTON Bloomberg PRESIDENT Bill Clinton s popularity remains high, and Americans' confidence in the Republican-led Congress is up, too, according to a new CBS News poll. Voters remain sceptical, however, about House Speaker Newt Gingrich of Georgia, the poll says. In spite of
      Bloomberg  -  296 words
    • Article
      Lock icon Britain unlikely to join single currency by 2002
      533 12 LONDON Letting Bank of England set rates not a sign of change in monetary nnion stance, says Cook AFP FOREIGN Secretary Robin Cook said in an interview published Monday that it was "unlikely" that Britain would join the European single currency before
      AFP  -  533 words
    • Article, Illustration
      Lock icon City of lights
      43 12 (PARIS] Fireworks lighting up the Eiffel Tower on Sunday. The display was part of a parade and festival marking the start of the "The Year of Japan in France" and inaugurating a Japanese cultural centre in the French capital. REUTER
      REUTER  -  43 words
    • Article
      Lock icon G-10 appears unconcerned by dollar's decline
      368 12 BASEL Group has "nothing to add" on currency rates Tietmeyer Bloomberg THE Group of 10 central bank governors have "nothing to add" regarding recent developments in currency exchange rates, said Bundesbank President Hans Tietmeyer, suggesting the group has little concern about the US dollar's
      Bloomberg  -  368 words
    • Article
      Lock icon Kohl confident euro will start on track in 1999
      362 12 BONN Reuter CHANCELLOR Helmut Kohl told doubters yesterday he was sure Europe's single currency would start on time in 1999 and Germany's record unemployment would ease by early next year. Would-be members of European economic and monetary union (EMU) would meet
      Reuter  -  362 words
    • WORLD Watch
      • Article
        Lock icon Doubts over Italy meeting HMU criteria
        78 12 Reuter [BRUSSELS] Italy's chances of joining Europe's single currency in 1999 were yesterday cast into doubt when Rome's European Union partners found it Calling short in efforts to get its economy in order. EU finance ministers approved a sharply worded report on the state
        Reuter  -  78 words
      • Article
        Lock icon Recovery slowing in eastern Germany
        71 12 Reuter [MUNICH] Six years after reunification, east German economic recovery is losing momentum and as many as 20,000 jobs in industry may be shed this year, a survey by the Ifo research institute showed yesterday. Sentiment in industry picked up in the second half 0f1906,
        Reuter  -  71 words
      • Article
        Lock icon Asia's tourism industry booming
        55 12 AFP [GENEVA] Asia is at the heart of a booming tourism industry that employs over 200 million people globally, the International Labour Organisation said here yesterday. Over half of all hotel, catering and tourism workers are in the Indian subcontinent and China, with nearly 106 million
        AFP  -  55 words
      • Article
        Lock icon EU ban on British beef won't and soon
        57 12 Reuter [BRUSSELS] Britain's Agriculture Minister Jack Cunningham ruled out any early lifting of the EU ban on British beef exports. "Hie previous administration made the situation more difficult by the way they mishandled the situation and they have set bade the agenda,"
        Reuter  -  57 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      58 11 Tung Centre 1,566 sf 3,165 sf Parkway Parade 925.36 sf/1,592.48 sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1,991 sf to 13,982 sf 172/174 Paya Lebar Road Short term lease 15,435.58 sf/14,477.58 sf First Capital Property Management Pte Ltd ißr (A member of First Capital Corporation Group) Tel: 437 6817/534
      58 words
    • Advertisement
      Page 11 Advertisements Column 2
      86 11 How do you tell a good vintage year? By the result. Consolidated balance sheet total: DM 360.5 billion (+13.2%) Total lending volume: DM 209.5 billion (+12.6%) Total deposits: DM 199.7 billion (+10.5%) Own Issues outstanding: DM 123.6 billion (+17.8%) Capital Reserves: DM 16.2 billion (+15.6%) Net income for the year:
      86 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      316 12 It's Fast! It's Aggressive! It's Barracuda! Seagate Barracudas satisfy your appetite for all high-end SCSI offer you more storage requirements. Seagate Barracudas combine 7,200 RPM performance choices, performance, Advanced SCSI Architecture and Barracuda is the drive family that blows the latest technologies (including MR heads, everything else out of the
      316 words
Page thumbnail Page 13
  • EDITORIAL & OPINION
    • Article, Illustration
      Ensuring better security, prices for energy
      773 13  -  THE BOTTOMLDVE OPINION By Ronnie Lim The writer is BT's Trade Industry Editor THE latest move by a Singapore consortium to buy Indonesian natural gas is significant for several reasons. Apart from taking Singapore further along the energy diversification route, it will also open
      773 words
    • Article
      IN OTHER WORDS
      129 13 The Internet is the information superhighway. It's just not a four-lane road yet.' -Josh Bernoff a media analyst on firms abandoning expensive superhighway network plans in favour of expanding Internet development. 'Life in Hongkong is intense, fast-paced and hard. If a life is lived fully, you don't
      129 words
    • Article
      Looking gift horses in the mouth
      645 13 EDITORIAL PROPERLY interpreted, Chief Justice Yong Pung How's landmark judgement last week defining corruption should have a wholesome effect: rescuing society from any danger of an all-pervasive obsession with wrongdoing that can be just as destructive as the wrongdoing itself. For, while corruption is
      645 words
    • Article, Illustration
      Lock icon Closing the Bre-X file
      1033 13  -  The Bre-X scandal should provide some lessons but it seems to be jnst business as nanal in flanaria By\ Paul Gopal The writer is an Ottawa-based journalist who contributed this article to BT THE Bre-X gold mining fraud has left small mining companies tarnished and they
      REUTER  -  1,033 words
    • Article
      WHAT THE OTHERS SAY
      837 13 New Indoa alliance THE emergence of a new political alliance, albeit unofficially, between supporters of the ousted Indonesian Democratic Party (PDI) chief Megawati Soekarnoputri and the United Development Party (PPP), is probably about the only surprise anyone can expect from this year's general election. It defies
      837 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      35 13 DOOHESBPRY By Garry Trudeau OKAY, FOLKS, *rps CLEAR THAT THOSE TIME FOR K/M5 n 1 KIM ANNOUNCE? THAT F (OHO TFAF& MFP PFFAP 5£ SHEV STRUCK GOU>, MARFJA6B TOA6BS2BRNEAP! g IHA,HA ][N£H, W HATT, I
      35 words
Page thumbnail Page 14
  • EXECUTIVE LIFESTYLE
    • Article
      Lock icon The right way to keep jet lag at bay
      1325 14  -  Wonder drug melatonin has to be used according to a strict regime for it to effectively regulate body rhythms thrown out of whack by crossing time zones, writes jame brody JANE BRODY NYT Melatonin, the controversial hormone now widely available in
      NYT  -  1,325 words
    • Article, Illustration
      Lock icon Finding funds for the British film industry
      853 16 FILM The OTPs filmmakers are betting on a new lattery scheme to help move their movies Reuter [LONDON] Britain's embattled film industry, overrun by Hollywood imports, has rallied its forces in recent years with hits like Four Weddings and a Funeral and The
      Reuter; FILE PHOTOS  -  853 words
    • Article
      Lock icon Setting the record straight on Opium War
      666 16 FILM Chinese film is also cashing in on the return of HK to China AFP [SHANGHAI] "Look, it's not just about money! It's about setting the record straight." Veteran Chinese film director Xie Jin underlines the point by slapping his hand down on
      AFP  -  666 words
    • Article, Illustration
      Lock icon Oasis star gets the snub at Cannes
      111 16 [CANNES, France] Topping the pop music charts doesn't always open doors at the Cannes film festival, as Noel Gallagher of Oasis found to his chagrin on Sunday. Gallagher and his wife (above) were turned away from the official screening of actor Johnny Depp's
      AFP  -  111 words
    • Article
      Lock icon Moscow on cyber fast track with 1st Net cafe
      750 16 INTERNET NYT [MOSCOW] Cafe society never really caught on in Russia. Before the Revolution there was no need for it: serfs were too poor to spend time lounging in taverns or coffee shops. The landed gentry had ornate personal cafes built
      NYT  -  750 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      584 14 Finance Keppel Finance Limited (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the shareholders of the Company will be held at the Board Room of Keppel Finance Limited, 10 Hoe Chiang Road #09-00 Keppel Towers, Singapore *****5
      584 words
    • Advertisement
      Page 14 Advertisements Column 2
      57 14 '3/ 2000 bomb*" V -v i tfc k z* Mr i i I f I ggft. .f Woni a kma m„ J ■.'JLJCw 4?;. v a I V"': I -X, J.| fcrW-rJ v- 4 v V;.' /.tHI :S?Y MS" a. «T **1 l JPfMRi l* .v* I K 5 jB
      57 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      204 15 Where to wine, dine and entertain... Presented b> i 290 4545 II ktlp://www.ana-kotels.com Hot just aeafood either. Visit our kome page and you can Hder tonigkt's dinner from our cyber selection. Browse ghthe menu, leave us your order and it'll be ready II pick up before you can say 'information
      204 words
    • Advertisement
      Page 15 Advertisements Column 2
      101 15 house Original Nonya Recipe TWO DECADES OLD At the New Luna Coffee House Nonva Buffet Lunch $18.00*++(Adult) For reservations, please $12.00+++(CWW) call 733 2081 ext 468 Temareh PwfM Pinner Complimentary Business $19.00+*+(Adiitt) Times available while $12.50+++(ChHd) stocks last High T«?a (Sat, Sun and Public Holiday) $12.00+++(Adult) APOLLO HOTEL 7.so+++(ChHd) SMGAPORC
      101 words
    • Advertisement
      Page 15 Advertisements Column 3
      167 15 I "Let's Dine At The Pool Terrace Restaurant..." Dining at the Royal Holiday Inn Crowna Plaza takes on a decidedly relaxed tone. Any time of the day, all day, everyday... With an enticing breakfaat menu, an excellent dinner menu offering seafood and steaks, and an all-day selection of choice snacka.
      167 words
    • Advertisement
      Page 15 Advertisements Column 4
      157 15 SINGAPORE BUSINESS Giving you the winning edge •Sample tender, succulent emu this May at Restaurant Raphael tolth our Emu Promotion. Touted, as the healthier alternative to beef, we have specially prepared exciting dishes like stlr-frled sliced emu with garlic and pepper with fresh market vegetables and many more. These healthy
      157 words
    • Advertisement
      Page 15 Advertisements Column 5
      132 15 j SOUTH AFRICAN 1 FLAVOUR < 4 GOES CANTONESE 4 <rt tAe M»ptune froro now ttf/?iMoy. I*l o*tr»cA Ji*W, SbwtA African win# o Sovtt Afrtcflii B#w» SW J i foron/.v tfOTg fer«ttdU»of to. YoucouMwin<itHpto?outAAfrtc<i y <n»J Mauritius in our Luc It*/ Dnw! -A Caf? T?4 9»T»/m for rererv«rtton«. AVAILABLE PATES'
      132 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      804 15 TV&RAPIO fMadaM 12 IOJO News 5 Tonight. 830 Gempa TV. ILOO Tuesday After Dark 030 Zimfoni. 2.30 PM The Winners. Friday The 13th (See Our 10.00 Japan Hour. Money, Money, Money. Choice). IL3O TV Innovations. 330 How to Succeed in Busi 12.45 AM X-Files (r). L3O AM Close. nessfr;. Sweet
      804 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      129 15 CRYPTIC CROSSWORD of orbit DOWN (5,6) YESTERDAY'S SOLUTION 11 Unacknowledged author of 2 Leave a prohibition on aca- some spirited (S€) IsUMmI.IIIIIsWcMbI demic (T) 3 Left Gateshead at one (4) 14 Priest s t0 encourage ffl IXfB Bl°Blil T |ll' < l 4 old across thing only partlypxxl (73) •sniiarpTflT
      129 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      158 16 Turning your Accountant into Superman!? We must be kidding. Consider this weigh a man down with a ton of bricks around his neck and ask him to do a backflip. Naturally, he will not manage it. Now ask your Accountant to produce timely reports when all you have given him
      158 words
    • Advertisement
      Page 16 Advertisements Column 2
      93 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore '.rusts, otfshorc banks, an 1 captive insurance companies for
      93 words
Page thumbnail Page 17
  • COMPANIES & MARKETS
    • Article, Illustration
      DBS Land unit to raise A$150m from dual listing
      525 17  -  tn lflnwch Australian IPO and S'pore secondary offer at A$L2O a share By Abdul Hadhi in Sydney DBS Land subsidiary Australand will raise A 5149.88 million (*****.54 million) from its dual listing here and in Singapore to fund its expansion plans.
      525 words
    • Article
      Showpla set to be first an OSE's foreign section
      179 17 f&iGAPORgi Showpla Asia Ltd looks set to be the first ttgipany t0 list on the newlyforeign section of the Osaka Securities Exchange (OSE). A company spokesman told BT yesterday that "based on our understanding with OSE", Showpla will be first in
      179 words
    • Article
      Poll Lian's placement shares fully subscribed
      174 17 placement tranche of 8.1 million shares from its initial public offering has been fully subscribed, said IPO managers United Overseas Bank. The placement shares are believed to have been taken up by a mix of investors including local and foreign funds, companies and individuals.
      174 words
    • Article
      Aztech has got a game plan but growth not a sure bet yet
      740 17  -  HOCK LOCK SIEW Jennifer Lien IT LOOKS like there is light at the end of the tunnel for Aztech Systems after all. The company returned to the black in the second half of 1996, posting a $5
      740 words
    • Article, Illustration
      CAM appoints new GM and financial controller
      252 17 TOP-LEVEL MOVES [SINGAPORE] CAM International has appointed a general manager and a financial controller to handle its day-to-day affairs at the group level. The mainboard-listed company said yesterday that the appointments, which were effective immediately, would strengthen its management. But it was silent
      252 words
    • Article
      Ipco MD quits after 15 years
      223 17 [SINGAPORE] IPCO International's Charles Hardeman yesterday announced his resignation as managing director of the company in what he said was a "mutual agreement" between him and Ipco's new shareholders, Promet Bhd. The resignation, with effect from last Friday, marks the end of Mr Hardeman's
      223 words
    • Article
      Elec & Eltek parent to pare stake in placement
      196 17  - Elec Eltek parent to pare stake in placement i*y> Jennifer Lien [SINGAPORE] The Hongkongbased parent of Elec and Eltek International Co is paring its controlling stake from 65.39 per cent to 51.8 per cent in a share placement expected to raise over Ssloo million. The printed circuit board maker said
      196 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Tenaga interim net profit soars 38% to M$511m
        419 18  -  Boost from Msll7m currency gains; better performance expected in 2nd half fYom Meera Tharmaratnam in Kuala Lumpur TENAGA Nasional Bhd, which yesterday posted better interim results largely due to currency gains of Msll7 million (Ss67 million), is expected to record even higher
        Source: Bloomberg  -  419 words
      • Article
        Powermatic turnover hit
        133 18 [SINGAPORE] Powermatic Data Systems (PDS) will lose nearly 18 cent of its gross turnover due to the end of its agreement as a reseller of Hewlett Packard products. PDS last night announced it had ceased to be the reseller of HP products with effect from April 30
        133 words
      • Article
        Nat Broadway in China deal
        125 18 [SINGAPORE] Natsteel Broadway is investing $690,000 to expand into the plastic coloration business by acquiring a 51 per cent stake in a venture in China. The joint venture, Hero Plastic Pigment Co Ltd, was incorporated in the British Virgin Islands. It takes over an existing
        125 words
      • Article
        Analysts expect lukewarm response to Bakun listing
        364 18  -  Long gestation period and low internal rate of returns cited From Eddie Toh in Kuala Lumpur INVESTORS are likely to be lukewarm to the impending listing of Bakun Hydro-Elec-tric Company (BHC), the developer of the controversial dam in Sarawak, analysts say. They are
        364 words
      • Article
        Lock icon SIA foreign shares jump 60 cents
        150 18 Reuter [SINGAPORE) Singapore Airlines Ltd's foreign shares rose about 5 per cent, or 60 cents, to $13.30 in active trading yesterday. Some 3.06 million shares changed hands. "The share price is very strong. But the local shares are flat," said a broker with a
        Reuter  -  150 words
      • Article
        SingTel, SP in road-business guide on CD-ROM venture
        172 18 [SINGAPORE] Singapore Telecom and Singapore Power have teamed up to develop a hi-tech street directory-cum-business guide on CD-ROM. The two companies each have an equal 50 per cent stake in the joint venture. The directory, called the Biz Map Navigator, combines the
        172 words
      • COMPANY Briefs
        • Article
          KIE in tie-up with British firm
          72 18 (SINGAPORE] A unit of Keppel Integrated Engineering (KIE) has formed a joint venture with a British company to provide tubular products and services to the oil and gas industry in South-east Asia. The partners are Keppel Engineering and Hunting Oilfield Services (International) Ltd, a
          72 words
        • Article
          Republic Hotels proposes share dividend
          67 18 [SINGAPORE] Republic Hotels Resorts yesterday proposed a scheme in which shareholders with Singapore addresses can opt to receive dividends in the form of fUlly-paid shares instead of cash. The issue price of dividend shares will be determined by the company's directors, within certain guidelines. The
          67 words
        • Article
          Sunright forms HK burn-in unit
          58 18 [SINGAPORE] Sunright Ltd has set up KES Systems Service Hongkong to provide burn-in services, which are related to semiconductor production, in Hongkong. Sunright said yesterday that KES, which has a paid-up capital of HK$lOO,OOO (5518,520), was not expected to affect its net tangible assets and
          58 words
        • Article
          Lock icon First Asia takeover could cost M$300m
          73 18 Reuter [KUALA LUMPUR] The cost of taking over Thai stockbrokers First Asia Securities Ltd could be Ms3oo million (*****.69 million), said Amsteel Securities (M) Sdn Bhd managing director Lee Tak Suan yesterday. Amsteel Capital Holdings Bhd is leading a consortium that is buying First
          Reuter  -  73 words
      • Article, Illustration
        Lock icon Surging HSBC helps Hang Seng set record
        440 20 Bank leads index's rally to all-time intra-day record of 14,130.07 Reuter [HONGKONG] For 132 years, the fortunes of Hongkong Shanghai Banking Corp have been synonymous with those of Hongkong itself. Fifty days before the British colony returns to China, they still are for
        Reuter; Source: Bloomberg  -  440 words
      • Article
        Lock icon Oriental Press slashes newsstand price
        483 20 Bloomberg [HONGKONG] Oriental Press Group, the publisher of Hongkong's largest newspaper, yesterday slashed its newsstand price, sparking concern that a price war may force smaller competitors to stop their prases for good. &ess than two months before China slams the door on 150 years of
        Bloomberg  -  483 words
      • Article
        Stanchart, Prudential team up to tap Asia equity activity
        354 20  -  By\ Siow Li Sen [SINGAPORE] Standard Chartered Bank and Prudential Securities of the US have teamed up to tap Asia's lucrative equi-ty-raising activity, especially Hongkong which is brimming with corporate activity in the run-up to the reversion. Under the arrangement, Stanchart's
        354 words
      • Article, Illustration
        Lock icon HK & Shanghai Hotels eyes Japan for investment
        291 20 HK Shanghai Hotels eyes Japan for investment AFP [HONGKONG] Hongkong and Shanghai Hotels chairman Michael Kadoorie said yesterday the group's priority for overseas investment in the Asia-Pacific region was Japan. Mr Kadoorie told reporters after the annual general meeting that Japan had "highest priority" among the locations where the company,
        AFP; FILE PHOTO  -  291 words
    • INTERNATIONAL COMPANIES
      • Article
        UK's Grandmet and Guinness announce £24b merger plan
        441 21  -  If approved, GMG Brands will be world's seventh largest food and drink company Reports by, Neil Behrmann in London GRAND Metropolitan and Guinness yesterday sent shock waves through the global food and drink industry by announcing a merger worth £24 billion (5555.7
        441 words
      • Article
        GMG Brands eyeing Asian markets
        185 21 [LONDONJ New creation GMG Brands aims to increase penetration in Singapore, Malaysian and other Asian markets. Grandmet would not disclose the breakdown of its Asian sales, but the region accounts for 27 per cent of the operating profits of United Distillers, Guinness' spirits division. The
        185 words
      • Article
        Lock icon More payoff scandal hits Nomura Securities
        350 21 Brokerage said to have paid gangsters extra profits AFP, Bloomberg, Reuter [TOKYO] Scandals embroiling Japan's Nomura Securities Co Ltd have widened, with the brokerage house allegedly generating profits to more gangsters through illegal trading. The Mainichi Shimbun yesterday said Nomura had provided special treatment
        AFP,; Bloomberg,; Reuter  -  350 words
      • Article
        Dow still on its way up, will hit 8,250 next year: analyst
        423 21  -  Babyboomers to fuel Dew's rise; Asian markets set to benefit fty Siow Li Sen [SINGAPORE] Wall Street's party is not over yet and Asian markets, like others, will be sharing the cheer, said a Pru-dential-Bache Securities analyst here
        423 words
      • Article, Illustration
        Lock icon German firm SAP to curb staff share trade
        261 21 Reuter [BONN] SAP, the German software company embroiled in an insider trading probe, plans to curb trading in its shares by its own employees, the German magazine Focus said in its weekend issue. "We want to put all employees under the obligation
        Reuter  -  261 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Shake-up seen for small Japan securities houses
        532 22 Freeing of brokerage fees could be death knell for houses struggling in slump Reuter [TOKYO] Losses have mounted in a stock market slump that has dragged on for years, yet Japanese securities brokers still cling on. But expected liberalisation of brokerage fees could
        Reuter  -  532 words
      • Article, Illustration
        Lock icon Greenback slips against Sing $, yen and mark in volatile trade
        315 22  - Greenback slips against Sing yen and mark in volatile trade S$ hits 2-month high against US$ before reversing gains By. Larry Wee [SINGAPORE] The Singapore dollar hit a two-month high of $1.4305 against the greenback yesterday before closing at $1.4355 as the American unit fell, then recovered, against the yen
        Source:  -  315 words
      • Article
        Lock icon BankAmerica denies fraud
        339 22 Bloomberg [SAN FRANCISCO] Bank merica Corp chairman David Coulter wrote a letter to 300 officials in 16 of California's largest cities and counties, defending his bank against charges that it defrauded the municipalities and the state out of hundreds of millions of dollars. In the letter, sent
        Bloomberg  -  339 words
      • Article
        Lock icon Aussie gold production rose 3% to 72.5 tonnes in 1st qtr
        272 22 Reuter [SYDNEY] Australian gold production for the first quarter this year was 72.5 tonnes, up 3 per cent on the year-earli-er period, mining consultant Surbiton Associates Pty Ltd said on Sunday. Surbiton said the quarterly output figure was an
        Reuter  -  272 words
      • Article
        Lock icon National Australia Bank still tops: KPMG
        413 22 A dear winner, says KPMG in Aussie financial survey Reuter [SYDNEY] Accountancy firm KPMG said in its 15th annual Australian financial survey that Melbourne-based National Australia Bank Ltd had again been ranked as the top bank, but warned that banks would face continued competition
        Reuter  -  413 words
      • Article
        Lock icon Nikkei puts pressure on Euroyen, JGBs
        214 22 STMTIX Report Reuter (SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures recovered from their lows but remained under pressure yesterday following a strong rebound on the Tokyo stock market, dealers said. "The dollar/yen was so low this morning, we thought the Nikkei would
        Reuter  -  214 words
      • Article
        Futures hard hit by continued Taiwan jitters
        187 22  -  MSCI TAIWAN FUTURES -By Perry Gilbert By Perry Gilbert, vice-presi dent, Refco Singapore Pte Ltd THE MSCI Taiwan Index futures feU heavily over the Simex session, closing down 125 ticks to 327.5 in the May '97 contract. The cash market dropped 3.7 per
        187 words
      • Article
        Lock icon Institutional buyers push up oil prices
        209 22 ENERGY REPORT Reuter [LONDON) Oil prices rallied yesterday to levels not seen for nearly two months, ignoring bearish long-term trends to soar on the back of institutional buying, supply problems and tension in the Persian Gulf. Benchmark Brent crude oil futures for June delivery
        Reuter  -  209 words
      • Article
        Lock icon CURRENCY REPORT
        275 22 AFP London THE dollar advanced against European currencies yesterday on the London forex market, but eased against the yen as operators eyed a possible monetary tightening in Japan and possible concerted intervention by the Group of Seven, traders said in late afternoon. The greenback was up strongly then
        AFP  -  275 words
      • Article, Illustration
        Untitled
        1337 22 ITEEBAMM CROSS KATES May *2 AS CS f» ECU Ffr Pw HK$ WfcfcjMi Van W tt$ «$HH» No S$ tmi Str UTS NM P—< US$ AustraAa 1005 6.171 0376 4429 L313 6.038 27.938 ***** 0.926 6.953 1954 1.123 3U98 ***** tB9 3479 1106 ***** 20.196 MB 0.780 Cm* 0.922 5.974
        1,337 words
    • Article
      COMMODITY PRICES
      1767 23 SICOM FUTURES May 12 tUMCtMMWdMfctnat&JOja) ISS1 CONTtACT(S cwtiAo) Close Volume Open Mont* Htgfc Low Sett (tonnes) Interest Jw 97 <58.00 155.55 157.50 225 900 Jut 97 158.75 158.50 159.50 950 1970 Aug 97 160.00 159.25 160.25 250 2020 Sop 97 158.50 159.75 161.50 50 2020 Oct/Dtc 97 162.00
      1,767 words
    • Article
      WORLD STOCK MARKETS
      2386 23 lonoon Mvstriils Ma>H tact *h 31 Croup 523.400 »l" AB Ports 277.400 -2 Abbey National 918 *7 AWed Domecq 445 16.600 Amec 143.400 .400 Asda Croup 119 .600 BAT Ind 532 -6.400 BG Pie 180 *2 BKX 195 -3.400 BOC Group 973.400 4 BP Petroleum 731.400 -1.600
      2,386 words
    • Article
      Lock icon TOKYO
      1632 23 Reuter PI Nikkei 225 +340.73 STOCKS closed sharply higher yesterday, as the main market index recaptured the key 20,000 level on the dollar's partial recovery from a near four-month low against the yen. The Nikkei 225 Average gained 340.73 points or 1.72 per cent to 20,143.51. It had hit
      Reuter  -  1,632 words
    • Article, Illustration
      Lock icon HONGKONG
      1666 24 Reuter d Hang Seng +S7 THE Hang Seng Index broke more records yesterday as another rally in HSBC Holdings spearheaded a drive to an all-time intra-day high before blue chips settled at a record close on record turnover. The Hang Seng Index closed 57.00 points, or 0.41 per cent,
      Reuter  -  1,666 words
    • Article, Illustration
      Lock icon CHINA
      687 24 Reuter Shenzhen Binder +188 CHINA'S shares leapt up again yesterday, ignoring a hike in the stock trading stamp tax, and brokers said the government was unlikely to introduce serious market cooling measures ahead of the return of Hongkong. The Shanghai B Index rose 1.66 points to 95.79 points, but
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  687 words
    • Article
      Lock icon TAIPEI
      382 24 AFP □WP Index -307.55 SHARE prices in Taiwan slumped 3.7 per cent as investors dumped shares amid concern about the island's political environment. "Investors rushed to dump shares to stop losses while the market was heavily weighed down with a political crisis facing the government," said Rex Lin of
      AFP  -  382 words
    • Article, Illustration
      Lock icon BANGKOK
      812 24 Reuter D SET Mb -1335 THAI stocks slid for the sixth straight trading day to close at a new 6-1/3 year low as foreigners continued to sell shares following the central bank's revision of lower economic growth, brokers said. The composite SET Index ended down 13.25 points or 2.19
      Reuter  -  812 words
    • Article
      Lock icon SEOUL
      411 24 AFP n Composite Index -&88 SHARE prices closed 1.0 per cent lower on the Korea Stock Exchange as second-line stocks skidded en masse on underlying concerns over cashflow problems at some companies, dealers said. "Rumours that Samlip General Foods is in serious cash-shortage problems sent second-line stocks lower across
      AFP  -  411 words
    • Article, Illustration
      Lock icon JAKARTA
      766 24 AFP, Reuter F1 Composite Index +2J2 SHARE prices closed 0.3 per cent higher and improved sentiment following the release of February trade and April inflation figures last week, dealers said. "The macro-economic figures have brought investor confidence back to Indonesia," Deutsche Morgan Grenfell director of sales-trad-ing Adnan Tan said.
      AFP,; Reuter  -  766 words
    • Article
      Lock icon SYDNEY
      613 24 AFP P All Ordinaries -L 2 SHARES finished barely lower yesterday on concern on the eve of the country's budget announcement after it reached a record intra-day high in early trade, brokers said. The All Ordinaries Index ended 1.2 points lower at 2,524.8 after hitting a new high of
      AFP  -  613 words
    • Article
      Lock icon WELLINGTON
      269 24 AFX-Asia n Wellington -12 THE NZSE-40 Capital Index closed down 12.0 points at 2,300.20 yesterday. Turnover was valued at NZ$47 million of which Telecom and Fletcher Challenge stocks accounted for about half. AFX-Asia m«tI2 UJ *h f***» ANZ Banking *0.01 ***** Advantogot HMg» 1.35 -0.03 ***** Air N«« Z»al*n4(A>
      AFX-Asia  -  269 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Motor stocks put brakes on market
        418 25 Reuter, AFP njCompoatg Index -MJ6 A sell-down in motor stocks highlighted a sharply lower finish in Malaysian stocks after another thinly-traded session yesterday, analysts said. "The market is still not out of the doldrums," said Lai Tak Heong, research director at Socgen-Crosby. "It takes
        Reuter,; AFP  -  418 words
      • Article
        Untitled
        8033 25 INDUSTRIALS Cmhuw products 1997 Last Vol Day Net Cap Mm 1— Cl—«y «H» 'POO HH> L— W W 790 600 Ajinomoto 630 34.9 255.4 448 300 Anqkju 324 -4 44 324 322 9.6 477.7 905 670 Apollo Food Hlg 680 -25 10 700 680 272.0 428 189 Berjayalnd 299 '5211
        8,033 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3747 26 BONOS, LOAMS ft WARRANTS m 1997 Laat V* Day Last OutU High Lot* Stno Company W« ♦ec COOO) Mgj t— Buyir Sailer Mm 68 44.5 m 3000 m AMDS C5.5******6 52 62 41.5 3160 "Acer ******1 US$ 48 *2 22 48 47 46 47.5 131 77 3164 Acma ******4 80
        3,747 words
      • Article
        UOL warrants: a good medium-term bet
        209 26  -  WARRANT WATCH -By' Ven Sreenivasan IF you are thinking of investing in a warrant, this may be the time to do it. The market seems to be on a rebound and if it carries through for another week, there is a very real chance
        209 words
    • Article
      CLOB INTERNATIONAL
      2237 26 MALAYSIAN STOCKS 6r Gt 1997 Last Vol Day Last Ouot. Mr Hi VN KM M Cat hub Low Stno Company SaK COOP) High Low Buy* S—tr Cw F/Z »n8 ~478 330 n» 5000 AISBSOc- 332 3 52 340 330 332 334 SO 4.9 04 67.9 340.6 137 92
      2,237 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1613 27 TURNOVER COOO) VALUE ('OOO) n«m cut tkh mm ci— t«ui MMW 82.418 11.701 94,119 217,336 26.305 243,641 12,959 8.168 2U27 135,145 20.424 155.588 HoUlj 1.655 241 1.896 4,046 425 4.471 Proo»rt»j 8.169 3,667 11,836 56,010 3,937 59,947 PUntaHon 83 83 222 222 MMnq 128 128 330 330 •LW 6,059 X237
        1,613 words
      • Article
        MAIN BOARD
        4901 27 Transaction Date :May 12| Or Gr M Wt 1007 i>«t Vol Day Ltlt Ouoti Otv Wv YW Mot Cop A»9 Hm> Urn StNo Company Sate fOOOl High L.w Buyer Seller C w H P/t $m« Price —UITMAL1 5)46 ASENT$***** US- I I I a« 5 SI IS! o
        4,901 words
      • Article
        SESDAQ
        1133 27 Of Or M Wt 1997 L«t Vol Day Lost Ouoto Otv Mv Ytd Nat Cap Av« High Low StMo Company SM COOO) Htgn Ln Buyor SoUar C'vr P/E Sm* Prico SESDAQ 186 114 2000 ABRHM91SC 115 Cd unci) 62 116 ns IM IIS 3.0 6.0 ai >64.3 511 115
        1,133 words
      • Article, Illustration
        HOT STOCK
        68 28  -  by 1 Ven Sreenivasan CD MAKER SM Summit, which has been on an uptrend for over a month, is meeting increasing resistance at current levels. The daily and weekly RSIs are in overbought territory, while the momentum indicators suggest the rally could fizzle out soon. But the stock
        68 words
      • Article
        Untitled
        220 28 Stocks VofcMM PtpularlOc 15.070,000 Hfc Land US$0.10 10,405,000 Ntw Toyo 25c 8,013,000 Gd Tech 20c 5,461.000 Altec* 5c 5,202,000 N*Steel50c 5,086.000 Unco ffldgs 10c 4,623,000 SligTd 15c 4,455,000 *NBf Capital 3,825,000 •UenoiKj Bhd 50c 3.627,000 Slpcto SU Foreign 40,385,726 UOP Foreign 37,557,287 NS Foreign 34,821,820 OCBC Foreign 28.747,728 cty Dev
        220 words
      • Article, Illustration
        Institutional investors turn optimistic on Singapore
        594 28  -  STOCK MARKET COMMENTARY STII regains psychological 2,100-point level amid expectations Singapore economy will take off in second half By Ven Sreenivasan [SINGAPORE] The Singapore stockmarket yesterday recorded one of its biggest single-day gains in a month amid optimism that the republic's economy would take
        594 words
      • OH THE GRAPEVINE
        • Article
          SingTel's number
          182 28 SOME of the more astute investment analysts we know are having a hard time figuring out how the Singapore handphone market could have grown so fast in a month. Soon after Mobile One announced that it had signed up more than 35.000 new subscribers in April, its first
          182 words
        • Article
          Deeply disturbed
          105 28 THE IBM computer Deep Blue's victory over world chess champion Gary Kasparov seems to have struck a disturbing chord in some people. When the news was flashed on BT's computer screens, there were gasps of "Oh my God!" around the newsroom. One reporter said even IBM people had
          105 words
        • Article
          Cabdriver-cum-property agent
          117 28 CABDRIVERS may be making more money than property agents nowadays in this difficult property market. One of our reporters who took a cab-ride recently was surprised to see the driver smartly dressed in crisp white shirt, a corporate-looking tie and talking on a nifty handphone. Apparently, the cabdriver
          117 words
        • Article
          Getting priced out
          115 28 WHEN the chief executive of a major Hongkong company finds it difficult to afford an apartment in Hongkong, that tells you something about how property prices in the territory have got out of hand. And mind you, the property is not even in a prime location like
          115 words
        • Article
          Fortune changes
          77 28 JUST a few years ago, almost everyone was predicting doom for Hongkong after its return to the Chinese. The business fortnightly Fortune was no exception, running an article titled "The Death of Hongkong" two years ago. It looks like the folks at Fortune have since changed their minds.
          77 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      196 17 I m MMnllujj JJJ JM J"- -1- m 2, v }«T T IrTi W M aH| S-Yard has been voted iron of the year and naturally the choice of discerning I golfers in Japan and in Asia. That's not all. V K S-Yard has also been voted driver of the
      196 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      334 18 SB -^Si i WitiTil rTTTTI Wl k 1 111 1 #7 I I I 1 I 1 1 jk 11 i fjg ■■Illirillllll In l Seafood s P eciaK w lh the restaurant s easu re. I ffl I 1 I I i I s 1 i I I I
      334 words
    • Advertisement
      Page 18 Advertisements Column 2
      49 18 PRESENTS CALIFORJNIAN FOOD WINE FESTIVAL May 12 -18, 1997 FEATURING top Californian Chef, Kimball Jones, winner of the American "Best Award of Excellence". Lunch: 11.30 am 2.30pm Dinner: 6.30pm 9.30pm For reservations call 432 7463 WENIE VINEYARDS Level I Two Temasek Boulevard Conrad International Centennial Singapore KKSSSSSSSSS Singapore *****2
      49 words
    • Advertisement
      Page 18 Advertisements Column 3
      83 18 PROVINCE OF NOVA SCOTIA U.S. $500,000,000 Floating Rate Notes Due 1999 In accordance with the terms and conditions of the Notes, the interest rate for the period 12th May, 1997 to 12th August, 1997 has been fixed at 6.***** per annum. The interest payable on 12th August, 1997 will be
      83 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      237 19 What can $1 buy you these days? -J-=» I" >"*, t* 2.jSp yM|&f» s +£> --f v. i•v *E"* $£>,' •^i¥i v> l > H v rri Now, you can use the ABLE to print for just $1 more. That's because for a limited period, we'll add the print function
      237 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      611 20 ©INTERNATIONAL FACTORS (SINGAPORE) LTD llncorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of International Factors (Singapore) Ltd will be held at the IFS Board Room at 7 Temasek Boulevard, #10-01 Suntec Tower One, Singapore *****7 on Friday,
      611 words
    • Advertisement
      Page 20 Advertisements Column 2
      141 20 111 i your company on the stock exchange? 3 That's good news to over 2 million readers! I W Company listings are significant |J|fc I BR and it istothe company's advantage to t *>*'«« !a of i 4' I wNt niiHlOfi, an increase or *,34.4 million or 30.3% build up
      141 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      262 21 University of Wales, Bangor and Manchester Business School THE UNIVERSITY OF MANCHESTER a premier management qualification for financial specialists worldwide through the cooperation Management and Organisational Behaviour* of the world-renowned Manchester Business Managerial Economics* School and the School of Accounting, Banking Marketing Strategy* and Economics at the University of Wales,
      262 words
    • Advertisement
      Page 21 Advertisements Column 2
      112 21 non -«M > '•i„. Your Choice: J| 4 I» 7 flights a week to Zurich 3 non-stop flights m You can now fly non-stop to Zurich on Thursdays, in addition to our usual Tuesday and Saturday non-stop flights. Our departure times are convenient and passenger-friendly. And your journey is a
      112 words
Page thumbnail Page 22
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      162 24 WORLD BUSINESS CLASS When you've spent 4 houis jammed in a stadium of Mhcti Ten JBj*. screaming rock fans, personal space becomes more of a Musk hntrepn-nctir necessity than a luxury Which Ls why I value Worid Business Class from Northwest Airlines and KLM. The WRC seat reclines furtlier. the
      162 words
Page thumbnail Page 25
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      115 26 Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares almost immediately. This is all you have to do: So, why keep your shares tucked away? Use it for a million purposes. Call us Stop by any Hong Leong Finance
      115 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      43 27 DOESN'T IT MAKE BUDGETING SENSE TO PAY ONLY A FIXED MONTHLY AMOUNT FOR DRIVING A MERCEDES OR RENAULT AND HAVE THE OPTION TO KEEP THE CAR OR CHANGE IT FOR A NEWER MODEL AFTER TWO OR THREE YEARS? PHONE US NOW FOR DETAILS.
      43 words
    • Advertisement
      Page 27 Advertisements Column 2
      31 27 Our auto listings to buy. a new or used car? Look rrfv won t steer you to The Straits Times J m Classified for the best vVT wrong! deals on wheels.
      31 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      1120 28 SUPERIOR METAL PRINTING LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of Superior Metal Printing Limited will be held at No. 7 Benoi Sector. Singapore *****2 on 29 May 1997 at 2.30 p.m. to transact the following business 1. To receive
      1,120 words
    • Advertisement
      Page 28 Advertisements Column 2
      277 28 BUSINESS X()t ices l<» advertise call toll-free IS(»(I-74I IHHJ I I BankExim P.T. BANK EKSPOR IMPOR INDONESIA (PERSERO) acting by and through Us Cayman Islands branch U*****,000,000 Floating Rate Notes due 1997 In accordance with tha provisions of the Floating Rate Notes, notice is hereby given as loMows Interest Period
      277 words
    • Advertisement
      Page 28 Advertisements Column 3
      192 28 j The Straits Times Classified: your home-delivered departmental store. IN THC MATTER Of TW COMPANIES ACT CAP SO AND MTHiMATTHOF UNHID ASSOCIATES PLASTIC (S) PTE. LTD. MKMBOS' VOUUNTACY WINDING UP NOTICE IS HEREBY OVEN THAT tie creditors of tie abovenamed Company, which is being wound up voluntanty, are required on
      192 words
    • Advertisement
      Page 28 Advertisements Column 4
      171 28 HENG LAI COMPANY(PTE)LTD (Incorporated la Singapore) (In Membtn' Vataatary Uquktattoa) NOTICE OP FINAL MEETING NOTICE is hereby given pursuant to Section >08 of the Companies Act. Cap. SO that a Final Meeting of the members of the abovenamed Company will be held at 102 Upper Cross Street #08 11 OG
      171 words
    • Advertisement
      Page 28 Advertisements Column 5
      90 28 f in the Matter of 'The Companies Act, Cap 50 AND In the Matter of OFFSHORE ENGINEERING (S) PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Ad. Cap 50 that the Final Meeting of members of the abovenamed Company wilt be held
      90 words
    • Advertisement
      Page 28 Advertisements Column 6
      29 28 For real- time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      29 words
Page thumbnail Page 29
  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      282 29 Reuter, Bridge News THE FOCUS again was largely on South America for both Panamaxes and handy bulk carriers where rates looked firmer these types, brokers said. Biffex opened at unchanged levels, Clarkson Wolff said in its daily market report. Volume totalled 112 lots of which June traded 62
      Reuter,; Bridge News  -  282 words
    • Article
      MARITIME STOCKS
      227 29 CWT Mctrtbutton US «LOI 28 CUmmiNm* 1.00 undi *3 CHnkwnlnwt _L29 -0.01 32 FraWrtLMs 03SS UKh 9M caiToini o.ai -om m Hal Son Ma UJ1 *0039 336 —hctt* mat M JiyHMOHi 1.00 uncft 12 jHfMCmnMrt US *036 KM KnjJcorf US «4U 2206 Kl»lirtLS 444 *034 too MNdltolM U
      227 words
    • Article
      Call for all-out effort to restore freight rates
      464 29  -  6TH ASIAN SHIPOWNERS FORUM ASF also discusses development of marine insurance market in Asia By Yong Mei Fong [SINGAPORE] Asian shipowners have made a strong call to all shipping lines, particularly the chief executive officers of the companies, to cooperate and share
      464 words
    • Article
      Kaohsiung port being developed as C Asian hub
      335 29  -  OCEANOLOGY INTERNATIONALI7 CONFERENCE Taiwan also plans to privatise its port and terminal business, conference told By Marcus Hand [SINGAPORE] Taiwan is developing the port of Kaohsiung as an offshore transhipment centre in an effort to become the economic core of the Central
      335 words
    • Article
      Aussie shipyard aid extended
      253 29  -  From< Jerzy Farynski in Sydney THE Australian government has extended the expiry date on assistance to the shipbuilding industry by 18 months. The extension of the bounty will provide certainty to the Australian shipbuilding industry, said the Federal Minister for Industry, John Moore, last week. "After
      253 words
    • Article
      Lock icon SCI enrols 26 ships under Lloyd's scheme
      232 29 Business Line [BOMBAY] Lloyd's Register of Shipping recently signed a contract with the Shipping Corporation of India Ltd (SCI), by which an initial lot of 26 ships have been brought under Lloyd's Ship Emergency Response Services (Sers). The 26 SCI vessels are the
      Business Line  -  232 words
    • Article
      Lock icon M'sian port operators told to solve insurance problem
      231 29 Bernama [JOHOR BARU] The Transport Ministry has instructed port operators in Malaysia to have a "pay first and negotiate later" scheme with a selected insurance company to prevent delay of port operations. Its minister, Ling Liong Sik, said he has asked port
      Bernama  -  231 words
    • PORT Shots
      • Article
        Trainers,examiners discuss STCW
        83 29 [SINGAPORE] A Group of Experts Meeting (GEM) on maritime education and training for mariners from the South China Sea region was held here late last week. Jointly hosted by the Maritime and Port Authority of Singapore (MPA) and the Canadian International Development Agency, the forum provided a
        83 words
      • Article
        Lock icon Plan to clear mud from NY port approved
        84 29 Journal of Commerce [WASHINGTON] After years of painful Inaction In the face of seemingly endless lawsuits from environmentalists, the US East Coast's largest port is finally getting the go-ahead to clear its channels of mud. Federal officials and several New Jersey representatives
        Journal of Commerce  -  84 words
      • Article
        Shanghai computerises pilotage dispatch
        47 29 [SHANGHAI) The pilot station of the port of Shanghai has Introduced computers to automate pilot dispatch, accord tag to port sources. The system went into trial operation In February and has operated successfully for the past two months, said a Xinhua News report
        47 words
    • Article
      Lock icon APL opens its biggest terminal
      229 29 Journal of Commerce [LOS ANGELES] APL Ltd yesterday opened the largest proprietary container terminal in the US, its 92.0 ha terminal and on-dock rallyard at the Port of Los Angeles. Almost twice the size of its former 52.0 ha terminal in Los Angeles, the new
      Journal of Commerce  -  229 words
    • Article, Illustration
      Lock icon Taiwanese lines want more
      852 30  -  TAIWAN-CHINA LINKS: CALL FOR MORE CHINA PORTS TO BE OPENED UP Lack of cargo volume has been cited as one major reason why Taiwanese shipping lines have not been as quick to seize the opportunity to ship direct to China as might have been expected By.
      FILE PHOTO  -  852 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      270 30 PAGE CAS Ml tl ACL It tct ANL 3 ECS 12 ft(t)t 4 Ethiopian 6 Accord 12 Curotaw 6 Ahrentiel 4 Ewrgrew 6 Acptmhic S Famous 7 Astro 3 FL-Bright 6 Austral tt FoonqSun t2 A,ant 6 GUnf Bsa 7 Gemartrans 13 Batamindo
      270 words
    • Article
      SHIPPING GUIDE
      15939 36 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA AOvartiaar Va**al Voyaga Tatapnona ETA ETA Advartlaar VaaaM Voyage TaiapKona SIN Qgatn Noma Nama Numby SIN OttTn Nama 11 1 imfT .1 1 nTlT A To BRISBANE (BNE) 20SB A Queensland, Australia To ABIDJAN (ABJ) 2003 m/m u/m cosco song he om *322*1400
      15,939 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        619 43 VosmI VoyNo Btfth Arrival Dtp*rturo MM MM *351 W JU MnqsKk 13 05/2300 Dm S*f w 05 J06 Monqsid* 14.05/2300 C H Offshart ***** J02 Mnqsidt 15.05/0600 ftiry f I J14 OM««4t »05/0600 PoMtfts P 3 JOT HomjSK* 17 05/1600 Mm its 42 J22 itaigud* 15.05/2300 jnogM JM
        619 words
      • Article
        CONTAINER SCHEDULES
        1738 43 RECEIVING Of EX POET FCl CONTAINERS AND LCL CARGO Booklno/Manct Rstls Ship Voy No Etb/Btr Period From To Froa aucu nu wzm ia b/boo a/*» b/boo W 12/1500 B/145* 12/1*00 24 12/1700 I1M» U/0900 IBUH ont IJ/MM i tt/BM B/HM a/INO U/800 U/HM B/800 IT- *****1 M/2300 n
        1,738 words
      • Article
        GLOBAL HOLIDAYS
        224 43 May 14 South Korea: Buddha's Birthday. May 15 Paraguay: Independence Day. Spain: Holiday in Madrid, Patron Saint of Madrid, Saint Isidro. May 17 Iran: (TENTATIVE) Martyrdom of third Imam(Ashura). Lebanon: Ashoura. Pakistan: (TENTATIVE) 9th ofMuharram (dependent on sighting of the moon). Norway: Constitutional Day. May 18 Estonia/Latvia: Whit
        224 words
      • Article
        COCKETT BUNKER MARKET REPORT
        868 43 THIS report, compiled by Cockett Marine Oil Lid. shows price ranee* in US dollar* instead at single prices for a more comprehensive description of the market Prices shown are based on average-stied stem Market movements are Indicated The Cockett Bunker Price Index change and the Indl
        868 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        482 43 Carta* WO Mm 999.7 0.8 16.0 0.11 61 0.06 Mn DmhRt Watw NiMm Ask AJuaMaa Se4ta»e«t No about E25 0 0 3 1 0 0 -2- 1 3S0 AM 986.4 0.4 12.6 0.07 32 0.02 iZS 300 Max 992.9 7.0 17.1 0.18 81 0.07 M/WI %M/M
        482 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Airlines urged to seek tie-ups for cargo business
        423 44 They can compete with integrators by forging alliances with forwarders [SEATTLEI Passenger airlines have been told they can increase their belly-cargo business by forging strategic partnerships with freight forwarders. According to David Pierce, Boeing's regional director for marketing cargo, passenger airlines could
        423 words
      • Article
        Lock icon Samsung to develop compact car models
        188 44 AFP [SEOUL] South Korea's fledgling Samsung Motors Inc said yesterday it would start developing compact car models this year with technological assistance from Japan's Nissan Motor Co. "We have selected compact models with l,soocoengines as ,the next item in a'bid to boost exports in
        AFP  -  188 words
      • Article
        Lock icon Daewoo, GM to acquire Ukrainian car maker
        192 44 AFP (SEOUL] South Korea's Daewoo Motor Co and General Motors Corp of the US are set to jointly take over Ukraine's state-run passenger car maker, AutoZAZ, a Daewoo official said on Monday. "We have yet to sign a final deal, but in principle
        AFP  -  192 words
      • Article, Illustration
        Lock icon 727-piece puzzle
        71 44 [NEW YORK] The fuel tank (foreground) of the reconstructed TWA Flight 800 Boeing 747 is shown at a hangar on Long Island, New York, in this photo released on Sunday. The reconstruction comprised more than 727 pieces, taking more than 10,000 man hours to complete. The FBI continues
        REUTER  -  71 words
      • Article
        Lock icon Ferrari turns 50 and celebrates with F50
        255 44 DPA [MARANELLO, Italyl The legendary car maker Ferrari is building a new 12-cylinder car to celebrate its 50th anniversary. The latest Ferrari to roll from the Italian sports car manufacturer's production plant is called the F5O: it costs US$5OO,OOO (*****,000), for which customers
        DPA  -  255 words
      • Article
        Lock icon Chinese leaders stress safety after recent accidents
        149 44 AFP [BEIJING] Chinese leaders have called for better safety precautions following airline and train disasters in recent weeks, the official China Daily reported yesterday. "Action must be taken immediately to launch nationwide production-safety inspections in order to remove hidden perils," Vice-Premier Zhu Rongji
        AFP  -  149 words
      • Article
        Lock icon Boeing-McDonnell merger not acceptable: EC official
        289 44 BoeingMcDonnell merger not acceptable: EC official Bloomberg [STOCKHOLM] The European Commission's top antitrust official said Boeing Co's plan to buy McDonnell Douglas Corp is "clearly unacceptable as it now stands" because it would restrict competition in the aircraft industry. "It seems to be a very problematic case," said Karel Van
        Bloomberg  -  289 words
      • Article
        Lock icon New Delhi to inject US$90m into ailing Indian Airlines
        274 44 AFP [NEW DELHI! The Indian government has decided to inject US$9O million (*****.6 million) into its ailing domestic carrier to help it to emerge from the red, officials said yesterday. An aviation ministry official said the government has agreed to pay
        AFP  -  274 words
      • Article
        Lock icon Airport duty-free sales in Asia-Pac forecast to grow 10%
        295 44 But yen's slide may curb Japanese spending AFP [SINGAPORE] A travel boom and the construction of new airports will boost duty-free sales in the Asia-Pacific region, which are forecast to grow 10 per cent annually in coming years, industry officials said
        AFP  -  295 words
      • LOG Book
        • Article
          Lock icon No decision yet on new ANA president
          86 44 Bloomberg [TOKYO] All Nippon Airways Co, Japan's second largest airline, said it had yet to reach "a final decision" on the change of president reported by the Nihon Keizai newspaper. "We'll need another day or so to come to that decision," said an
          Bloomberg  -  86 words
        • Article
          Lock icon Eurotunnel plans freight shuttle service
          61 44 Reuter [LONDON] Anglo-French channel tunnel operator Eurotunnel plc/SA plans to start an experimental freight shuttle service when the fire-damaged south tunnel is re-opened today, the Financial Times said yesterday. The newspaper said road hauliers will be invited to send lorries through the tunnel free of
          Reuter  -  61 words
        • Article
          Lock icon Fiat's Europe car sales in April up 23.3%
          50 44 Reuter [TURIN] Italy's car maker Flat Auto saw new car sales in April rose 23.3 per cent in April in an overall European car market that increased 9.2 per cent in the same month, said an industrial source late last week. Reuter
          Reuter  -  50 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1625 44 OTY FLIGHT CU FUGWT ETB M895 2150 MI896 1815 AMaMt SO 2 30 1830 0F82 2055 No CM MM VN741 1310 GA838 1210 Oft! 1930 GA839 1705 VN740 1410 Amsterdam S0327 0005 GA892 0030 S0173 1905 SOI74 1415 GA897 1045 KL844 0040 *"743 1925 KL837 1455
        1,625 words
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      17 29 Taiwan lines want more China ports to be opened 19 Limited cargo on the Kaohsiung-Xiamen route. P»*e2 [%/,,>.$)<{{=]*'*(&($}{`"/+-+}^
      17 words
    • Advertisement
      Page 29 Advertisements Column 2
      246 29 Airlines urged to seek tie-ups for cargo business They can compete with integrators by teaming up with forwarders. Book Page ~i)t,i, U rtrm H, i/_lm iißflo HDfif wn*cn is 06¥6i0pinQ8 tne ksx Terminal in Batam, Indonesia, has appointed m Captain PetarDoMe to its board of dree- fl 1 tors. Previously,
      246 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      682 30 msa vot TTT sa ui soi vissn voT ju dm iw u> cot w LAMS MT 07WS1S 14/04 17/ M 17/04 11/04 M/M NWMT 7* 2S/M 17/ M M/M 01/05 M/M 13/»5 mnrr stwsi* h/m m/m m/m m/m is/m wbtbummun ix oi/m m/m m/m m/m is/m m/m MOtOBCOM S3WSI7 M/M
      682 words
    • Advertisement
      Page 30 Advertisements Column 2
      521 30 Unas tecvtoee rapfumlK by Members of the Registry of \VK9Mj) Accrodtod Shipping Aganti, Spor» National Shipping Aaao Singapore Fraighl ForawdM 1 EaanclHon. lAL Container Line (UK) Limited 4s- V;-" 'v Mat it le Tunsporl Resources S Pt? Ltd Tel 223 8380 Fax 223 8387 "The Epitome Service" Weekly to the
      521 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      1145 31 PACIFIC SOUTH WIST BCPKISS (DIRECT) ALSO ACCEPTING MANAUS Ivesa I ¥0T I m I aim law no lax It*. Imm I oo Iwrc I m. hou I moo AfimiA ois I os/os I oz/os I 00/ os I 23/05 27/ os a/as I a/os 1 »/os »/os a/o$ a/K 130/05
      1,145 words
    • Advertisement
      Page 31 Advertisements Column 2
      2368 31 (g)HANJ!N SHIPPING U«A CANADA* |um hau/vot I IMI I sat su pox ww rap oo ctt |nw m. |ww|kw|ios|nt(| o»~ m m rm m re HHUPiQwiOMi IvoT "is7oT os/w 07/ M m/m m/m m/m m/m u/m w/m n/M io/m h/m u/m 11/0* Q7/m n/w n/w w/w w/w H.KW—mum 2i/H_ b/h_
      2,368 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Page 32 Advertisements Column 1
      1380 32 <<r DSR-SENATOR jmß Round the World Container Services TOUPCownwwr rmmuwcotmsmt wmb. m m hth mv mm fix amt lm* kmb wr lm m w w m wit m NMUMMNHMNQSCO WTO 11.M MM MM 12M 13M CtMTMMMM S7II MM 8M MM (IN lIM tmtmcma wmt dm mm mm i;m mm mm
      1,380 words
    • Advertisement
      Page 32 Advertisements Column 2
      1147 32 I NOR ASIA I VESSEL VOY 8M PKL QOA LAS BCL VAL ALO NOT MX ANT F®. LHA NOR SHANGHAI 9718-3 I*9B IMB RM 2MB M IMB IMB IMB 2MB BMB IMB Ml MCALEXA I7IM »/K 21« BMB BMB BMB 17/09 IBM 2MB V* 2MB 11/ OS MSCCMU 9728-3 27/08
      1,147 words
    • Advertisement
      Page 32 Advertisements Column 3
      410 32 7T/VO/?TRANS CONVENTIONAL SERVICE TO THAMAND AND MALAYSIA BREAKBUUC RO/RO AND HEAVYUFT ANY WEIGHT THAI HAG STATUS PRIORITY BERTHS Jiy V—« V.O2A SARED IS-U/0S 13-15/05 Jay* Vam V.O3A 11-21/ OS 29-30/05 27-29/05 A* Express V.4IA 0345/0* 06-04/ M 12-13/0* 09-11/0* Asm Express V.49A l*-lt/0* 23-24/0* 21-23/0* BOOKINGS t ENQUIRIES: ib. HI
      410 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      1214 33 IVMttOB. VOY «IN POU PKO PMN OUR MA I BIK IRAN VAHDAT PJL-1237 20/00/97 19/06/97 31/08/97 IRAN YAMIN PJL-1226 10/08/07 20/00/87 IRAN TAKHTI PJL-1230 25/04/97 27/04/97 07/00/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TADZHIKISTAN A GEORGIA VIA
      1,214 words
    • Advertisement
      Page 33 Advertisements Column 2
      1429 33 W m -<. ~,-?m I SINGAPORE'S GENERAI AGENTS: ISHENTON WAY TEL *****00 FAX: *****01 OUTWARD (l/l): 4205M2 JOHORE OfFKI; COSTAR SHIPPING PTE LTD #17-01 NS HOG SAUS/MGS 4205*41/43 INWARD DEFT (D/ 0) *****15 COSTAR AGENCIES (M) SDN BHD 101 HQ: **********0R1 TOWII TWO (******) CONVINTWNAI *****50/55 T/SHPMT DEFT *****25 TIL
      1,429 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      1206 34 I IBP ROM ANW HBG THP ZEE IHV IHV TUP ROM ANW HBfi PKI UP i RENOWN RW 023 117/66 00/00 11/00 07/W 06/06 10/ M 11/W E. GIVEN Rf-067 ?0/04 23/64 22*4 24*4 29*4 20*5 21*6 E. RESULT RW-013 24*6 13*6 11*6 14*6 16*6 17*6 11*6 E. GIFTED RE-666
      1,206 words
    • Advertisement
      Page 34 Advertisements Column 2
      945 34 I|XPO«T Vfssa VOYAfit KPMUINMIMIIIWTW VB«l VOTAGf DUO *A AM DM lAN SCf I UMCOKBT *****34W IVW 75/05 74/05 77/B H/K 74/05 7M5 UMOUtT 0457 030J 04/05 04/05 OS/OS 04/05 U/K If/05 I UN CONCH) <X*437W 77/05 01/W 01/04 02/04 03/3* 04/W 02/ M OVU UMOMMIO *****7 M IS/05 10/05 21/05
      945 words
    • Advertisement
      Page 34 Advertisements Column 3
      442 34 NANTAI LINE FUIIY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VBSE I VOT I so rui m cpt WmiPWCKS OI4S 14/05 2t/K KM WWIQUEBI m m 31/BS (HAH ggj mui ma oi ss vim I7fl> 21/* naniaubws m n/ot 2i/M km *M oiss n/% m mi wu wminwcEss oiss mi 17/07
      442 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      618 35 BSfl il e Tls!3?sffcW^cfarTeS ll^^B r Wm MYANMA \BBBk FIVE STAR UNE (MyoNMr Natloaal Um) w ItMthg for (Ra.goon) Vtssa VOY SM W6 PHI P6U HPA-AN JMW SIO PMYA 140W 00 MALAYSIA AGCNTS: OOUSTIAO SMPPING ACfNCItS KUt m 03-03-*****00 HO: TE 03-03-*****01 PCM: HI 03-04-*****03 POO: TIL 03-07-*****31/4 BANK LINE
      618 words
    • Advertisement
      Page 35 Advertisements Column 2
      1150 35 A HYUNDAI MERCHANT MARINE CO. lIP. WESTBOUND TO EUROPE BKCte *****32 I Pm *a mm voy lal ia m I ami nil Mil I "L_ I 25/04 IS/04 74/04 HIMGHNKS 104W 27/04 14/05 IS/05 17/05 17/05 17/05 10/05 01/05 01/05 01/05 HIOAMM MOW 04/05 11/05 11/05 14/05 14/05 14/05 17/05
      1,150 words
    • Advertisement
      Page 35 Advertisements Column 3
      561 35 <& FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 UNES) 4 SAILINGS A WEEK TO K S BANGKOK J J AND REGULAR SAILINGS TO CmABANG J THAILAND \banokok f»' j 1 m M f FOR BOOKING r\ *****33 CONTACT AMY P. KLANG PH: 0203/*****33 (20
      561 words
Page thumbnail Page 36
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Page 37 Advertisements Column 1
      42 37 I To retrieve more schedules, just follow these simple steps... the port your Step key in the four number digit code zf A Key in your vrtD uv £Z1 fax number To NEW YORK (NYC) 2275 United States for calls within Singapore
      42 words
Page thumbnail Page 38
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Page 39 Advertisements Column 1
      438 39 S Weekly ICL A FCL M v Services to Caribbean hipping A Central America S.S AURORA H. KUNSAN 705N 145E Port Country 07/05 14/05 BalizaCity Belize 10/06 17/06 Bridgetown Barbados 13/06 20/06 Cartagena Colombia 12/06 19/06 Castries St. Lucia 12/06 19/06 Fort de France Martinique 13/06 20/06 Freeport Bahamas 08/06
      438 words
    • Advertisement
      Page 39 Advertisements Column 2
      1110 39 ADVANCE CONTAINER LINES (PTE) LTD A I I 140 Cecil Street. #12-00, PIL Building. Singapore *****0 Li TEL: *****21 FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E I KAWOKOK I JUUMk (5 Sallingi/WMk to PAT. 3 Selling* to DMT, 2 Sailings to LCH) (4 Snlinft/WcM) TjrfrTl lun vma Ivor
      1,110 words
    • Advertisement
      Page 39 Advertisements Column 3
      876 39 VESSELS VOY SW I JED I PSD LEH HAM HTM THP ANR VWXE D 1 AQUARIUS WON 20/06 28*06 31AM 09*06 I<HO6 12AM ttgg ~IVO6 jjUIOggUU A2OW 26/06 OMOS 08*06 18/06 16AM IMB 19*06 20*06 V-LEOECAR»4A COM 02/06 11/08 1306 22AM 23AM 25/06 28/06 27/06 V-LE DE SAOfTTA S2OW _OWO6
      876 words
Page thumbnail Page 40
  • Page 40 Advertisements
    • Advertisement
      Page 40 Advertisements Column 1
      1782 40 PUL INTERNATIONAL UNE pc/l international »iii»«»« 1 r pMH ;^raa«ssf!=xsriwwri ssar^r VESSEL VOY SIN BKK VESSEL VOV SIN PKL g-n^-—-PIYA BHUM 383N Tu« In Pt Slit 17/06 BUNQASEROJA 7107 Tua In Pt Wad 14/06 JUtjUfttt flffC I) 4 $W/IWI MATHU BHUM" 330N Wad 14/05 Sat 17/05 GURU BHUM 7747 Wad
      1,782 words
    • Advertisement
      Page 40 Advertisements Column 2
      680 40 1 ACCORD A SHIPPING PTE LTD m *****56 (40 Lines) PAX *****46 nrr KLAMC (03) 347 ItOI Jf DtMCT ACCfSS m: *****37 (CXPOCT BOOKING) MM GUMNG (S7)SSIIW MSMS7 (IXPORT DOC), *****64 (IMPORT) MN4MG (04) 331 1444 UWjHTTFs/ZWWW.ACCOftD.COM.SG MJUfM (71) ******0 POtf TO SIM POET ITA SIN POT IT* SIM EOtT
      680 words
Page thumbnail Page 41
  • Page 41 Advertisements
    • Advertisement
      Page 41 Advertisements Column 1
      592 41 SINO EXPRESS SHIPPING I AU 11 COLLYER QUAY #06-01 THE ARCADE KINOTRANSI J S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 3INOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SIM EIAHKG ETASHA G. LUCK 9712 16/05 21/05 25/06 0. GLORY 9714 23/05 28/05 01/06 G. WELL 9714 30/05 04/06 08/06
      592 words
    • Advertisement
      Page 41 Advertisements Column 2
      454 41 MmiMmoOM **MO*l)8t817t MANIA: (B3t) *****81 UV V PCNAMQ: (04) *****8 BANGKOK: (882) *****87 SURABAYA: (81) *****0 P. KPJMIQ: (08) *****77 JKT. (21) *****07 MOW: (81) *****8 EX PORT KELANG TO HONOKONG MV "GLORIA I V. 719N ETAPKG 18-5-97 BKO CALL: H\WW/ VIVtMM/ CHKRYL TEL (03)*****77 ADELAIDE/SYPNEY/MELBOURNE] AUCKLAND MV IYRON MY"
      454 words
    • Advertisement
      Page 41 Advertisements Column 3
      234 41 IM Sport P.Katwig Loading For pan FORTUNE mPI 22/06 RdnVAtw/BmiVUK/Nan I denbulk 1(V06 RdnVAtwAJK/Nan I SAMMI FORTUNE 15/06 25/06 RdrrVAN»AJK/Nan I Loads EVW Mataysa. mdoneaia I ■z. KAPTANOGLU Hodeidah/Jeddrt/Aqaba/Egypt I ■SEA RENOWN HodeidahUeddah/Aqaba/Egypt I ■EVA MARIA Dubai/Doha/BahrairvT>amrnan/Kuwait I ■AMILLA Dubai/Damman/Bahram/Kowart I ■a KIRAN Dubai/Damman/Bahrain/Kuwaft I J loada Singapore. EVW. Malaysia,
      234 words
Page thumbnail Page 42
  • Page 42 Advertisements
    • Advertisement
      Page 42 Advertisements Column 1
      395 42 Shipping Times -BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. I A H ft# H^hh^W 23rd 25th H >Jf Jam* 1997 I
      395 words
    • Advertisement
      Page 42 Advertisements Column 2
      338 42 ISBHIBHBISWBII IOUI O tfsrw Products Services Turnkey Factory Automation System k Automated Storage and Retrieval System ■H U l c e s y stefTl (agv) fcfc. ■gg| 2k I P^3 ,i M fIHHB i Multi-storey warehouse: Tuaj Aveny 1 3 10,000 square metres currently available (1,800 to 2,000 square metres
      338 words
Page thumbnail Page 43
  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      136 43 m v. LfGEND R'-Thunderstorm Temperature c A\ V Viower Weothec _X Wind direction with speed m knots Roin u, -Cloudy Sky Wave height or mdkoted by arrows mkidi fly wilft the wind I Ci) ft* W Crete represents cotm or light ond vanoble w*>ds 1 One hatf Heche represents 5
      136 words
Page thumbnail Page 44
  • Page 44 Advertisements
    • Advertisement
      Page 44 Advertisements Column 1
      81 44 International Freight Forwarder with own CFS invites committed individual to join them for a challenging and rewarding career with excellent promotion prospect. To assist in overseeing the CFS operations Min. 2 years relevant supervisory working experience Diploma holder or its equivalent Min. 2 years relevant working experience Conversant in import
      81 words