The Business Times, 1 July 1997

Microfilm: NL20797
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 02^12/96 85e SINGAPORE bUaittf http://www.asial.com.sg/biztimes TUESDAY, JULY 1,1997
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  • Article
    MARKET SUMMARY
    40 1 U&3(VIMJ> HSS"~ mump nana Monday Chance f«00» UWTJf >714 MUd MjMiM *9131 HAftQSENO Hmi SKTFMOEX H7J8 4M JAKARTA COMP 7UM >7.71 HMLAOW mull &n TAffnWP! urns *tm ***** COUP 7«.4C -L« CL8ACMNAB (M AU8TALL0RD X7&J +M lNpnBDT Ctaage
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  • Article
    FINANCE
    37 1 "■"■"■""E, St Ubs —s— UM I I JO 1178 DM 1171 MB TEN in 1W L»l m. MM Mf7 MS tm 1184 VHAHiM ZlMlZZlMI HBOI BATES nm mmum "~IM !)!«*>. ~Flnt TainllMi fc>—I i«*M (Source: NatWest Bank)
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  • Article, Illustration
    Lock icon Jiang assures HK in historic handover
    630 1  -  Territory wfll retain its way of life and foreign business will be protected by law From Loh Hui Yin in Hongkong CHINA'S President Jiang Zemin pledged to the 6.5 million Hongkongers that his government will "unswervingly implement the basic policies of one country, two
    AFP/POOL  -  630 words
  • Article, Illustration
    S'pore market cap slides 2.5% to $301.7b
    577 1  -  Influx of $5b in new capital fails to stop erosion By Ven Sreenivasan [SINGAPORE] Almost $5 billion was raised in the local stockmarket in the last six months but that was more than wiped out by declines in share prices, leaving the total
    577 words
  • Article
    Opinions
    186 1 'We want a relationship based on the 21st century, putting the battles and struggles of the past behind us.* -British Prime Minister Tony Blair in meeting TTithrHnrMrmriannl neegTsniln 'Ifelt a deep emotional experience in watching the handover event on TV, and am glad and proud Hongkong is now part
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      102 1 Wiim B«nhawang Corp's RDC will acquire 30 affiliated companies in a HOO million restructuring Inno-Pacific Hlfe says its MD Soh Chat Wn la set to the company if there is no adequate response to its rights issue, P|ll TfePnprtjCMnu lee HsnShih looks at why, are willing to gay record prices
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      3 1 H»fall rankings, Pg2l
      3 words
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      Page 1 Advertisements Column 3
      48 1 More reports, Pgs4-7 f /M #f??Tt| K\ --M*Um^^m^ ~~jm r t'"^w L 'jr^ Bgafr s»*^* now present yotiwith a whole new dfaajißiisioii Id pitmaible fine dimag wuiifrl ffinjcm I pi host <wk/ bounteous facilities, Noble House is also a w&tdtrful I TOL ng Lok Group *********mJm&£am mmk~2 i
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Mixed outlook seen for S'pore insurance industry this year
      552 2  -  Good prospects for life insurance bat moderate growth for general insurance By\ Soh Tiang Keng INSURANCE Commissioner Urn Shu Chiau has forecast a mixed outlook for Singapore's insurance industry this year. She is bullish on prospects for the life insurance business
      Source: Bloomberg  -  552 words
    • Article
      Merrill Lynch may be insured against losses by ex-staff
      389 2  -  Conrad Raj US SECURITIES house Merrill Lynch may be fUlly insured against losses incurred by former star private banker, Kevin Wallace, now being investigated for alleged fraud. Sources said each of Merrill Lynch's cash management accounts is normally insured for up
      389 words
    • Article, Illustration
      Lock icon Melia at Scotts said to draw big developers
      331 2  -  By, Jenny Lam THE public tender for the Royal brothers' Melia at Scotts hotel, which closed yesterday, is believed to have attracted more than four bids from major developers including Pidemco Land and DBS Land, sources told BT. However, Edmund Tie and
      FILE PHOTO  -  331 words
    • Article
      HP to pump $80m into printer R&D here
      411 2  -  By\ Raju Chellam COMPUTER giant HewlettPackard Co will invest |80 million in Singapore on research and development over the next live years on InkJet printers that produce output on large-size paper. Part of this investment will come as a grant from the
      411 words
    • Article, Illustration
      Lock icon Dram prices fall over 12% in June
      338 2  -  ETE ON THE ECONOMY Electronics By* Jennifer Lien A. PRICES of 16-megabit dynamic random access memory (Dram) chips fell over 12 per cent month-to-month in June, a steeper slide than May's 2.7 per cent fall. The price of a Ixl6 version of a
      Source:  -  338 words
    • Article
      HDB offers 8,160 flats in non-mature estates
      343 2  -  Sale ts beari'i first after April/May property maasnrw By. Abdul Hadhi THE Housing and Development Board (HDB) will sell 8,160 flats in non-mature estates during the third quarter to applicants already on the waiting list under the Registration for Flat System (RFS). This
      343 words
    • Article
      Online healthcare info system launched
      213 2 THE doctor's online, thanks to Health Direct, a healthcare information system on the Internet. The system was launched yesterday by Raffles Kaiser Permanente Healthcare Pte Ltd (RKPH), a joint venture between Sesdaq-listed Raffles Medical Group and USlieafth-' care organisation Kaiser Permanente International. Loo Choon Yong,
      213 words
    • Article
      Japanese retail spending down
      492 2  -  Byi Ang Wan May RETAILERS of branded goods say sales to Japanese visiters have plunged by as much as 60 per cent for the first five months of this year against the same time last year. Popular Japanese shopping haunts DFS, Cartier and Hugo Boss, as
      492 words
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      138 2 ■HI!—JEII T w;••• —r -v PERKS FACT fsssj Totally Integrated PERKS can be implemented in any company, in any industry and in any country. Straight out of the box -no customisation required. It handles complete leave records, stores all the employee records, can be set up for exactly the way
      138 words
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      Page 2 Advertisements Column 2
      93 2 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong a ha mas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies
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      248 3 Centennial TOW I R Bold, Distinctive and Inspiring is how some would the spectacular works of Roy Licbtenstein, Rank Stella, gg Attention to detail ensures a quality finish uniaue in describe the art of Roy Lichtenstein. Yet these are attributes Janus Dak Chihuly specially commissioned Singapore and column-free floors maximum
      248 words
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  • HONGKONG'S RETURN
    • Article, Illustration
      Lock icon An emotional British farewell
      803 4  -  HONGKONG A boot of rain does not detract from the warm reception to Patten's last speech By Quak Hiang Whai LED by Prince Charles and Prime Minister Tony Blair, Britain yesterday bade farewell to its last colony in Asia in a day filled with hectic and
      AFP  -  803 words
    • Article
      Lock icon Pro-democracy groups stage rallies in defiance of new laws
      522 4 HONGKONG We are prepared to defend freedoms we cherish: Martin Lee AFP HONGKONG Democratic Party chief Martin Lee delivered an emotional post-handover address this morning to 1,500 supporters from the balcony of the Legislative Council building. The speech was in defiance
      AFP  -  522 words
    • Article, Illustration
      Waiting for Hongkong's finest hour
      759 4  -  LETTER FROM HOMGKOMG when It finally came, tt was a peaceful and honourable return By Quak Hiang Whai I HAVE waited more than two years for this moment, described by many as Hongkong's finest hour. Millions of others have waited a whole lot longer. As
      759 words
    • Article, Illustration
      Lock icon HISTORIC MOMENTS
      80 4 Chin uklritOK (clockivise from top left) Chinese in Tiananmen Square watching the handover ceremonies on a big screen; Tung Chee-hwa being suxyrn in as Hongkong's new Chief Executive; fireworks exploding over Hongkong at the stroke of midnight REUTER AFP REUTER Odw ft the luuriwen (left) Outgoing Governor Christopher
      REUTER; AFP  -  80 words
    • Article, Illustration
      Lock icon Blair, Jiang look to a new dawn
      556 5 HONGKONG It's time to pot the bitter past behind and move on, says the British premier Reuter, AFP BRITISH Prime Minister Tony Blair said it was time for Britain and China to put past battles behind them and build a new relationship after
      Reuter,; AFP  -  556 words
    • Article
      Lock icon Albright presses Qian on human rights issues
      388 5 HONGKONG Oetsammitin Washington also discussed Reuter, AFP US SECRETARY of State Madeleine Albright pressed human rights issues during a meeting with her Chinese counterpart Qian Qichen. She pushed for the release of prominent dissident Wei Jingsheng ahead of a SinoAmerican summit that is
      Reuter,; AFP  -  388 words
    • Article
      Lock icon Some China play in S'pore as HK celebrates handover
      355 5 SINGAPORE fysts warn that Skong stocks be overvalued AFP SELECTED Hongkong and China-related equities listed ill Singapore rallied yesterday but analysts warned that the territory's firms may be overvalued ahead of its return to Chinese rule. Market watchers turned to Singapore
      AFP  -  355 words
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      115 5 IT'S APPROPRIATE THAT ONLY THE SKY KEEPS UP WITH YOU. -i Jr AMI L*L i 111 HI -m*- j j^^TfciJ Sit behind the wheel of the Bentley Azure and you'll simply leave the world behind. At the touch of a button, the Azure's soft-top smoothly stows itself away under the
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  • HONGKONG'S NEW ERA
    • Article, Illustration
      Banking on the new government
      1411 6  -  HSBC chairman John Strickland tells peter seduti about the state of the Hongkong stock market the bank's plans in China, and its future in Hongkong > PETER SEIDLITZ Questions Are you alarmed about wild speculative trading on the Hongkong Stock Exchange? Answer I would not
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    • Article, Illustration
      Lock icon People's Liberation Army stages early arrival in HK
      466 7 HONGKONG Some 500 PLA troops rolled In yesterday, with another 4,000 troops te come today AFP MORE than 500 Chinese troops rolled into Hongkong ahead of schedule late yesterday to take up positions when the territory returned to mainland rule at midnight.
      AFP; REUTER  -  466 words
    • Article, Illustration
      Lock icon Fireworks and shouts of joy echo across China
      387 7 BEIJING AFP CHINA roared its approval of Hongkong's return to the mainland as millions of Chinese across the country erupted in joyful celebration at the stroke of midnight last night. In Beijing's Tiananmen Square, 100,000 people the ir $yes glued to five
      AFP; REUTER  -  387 words
    • SIDE Lights
      • Article
        Lock icon Only UK,US ministers were absent
        73 7 Reuter [HONGKONG] British and US ministers were alone in their refusal to attend the inauguration of the new Hongkong legislature, and their absence would not be missed, a Chinese government spokesman said yesterday. "Besides the leaders from Britain and the United States, no leaders from
        Reuter  -  73 words
      • Article
        Lock icon Shanghai hotels reap windfall
        91 7 AFP (SHANGHAI] Hotels located along Shanghai's waterfront Bund were reporting off-season high room bookings yesterday by revellers who wanted to be part of historic celebrations to welcome the return of Hongkong to China. Peace Hotel, the former residence of Jewish merchant Vfctdr Saasoon, which has the
        AFP  -  91 words
      • Article
        Lock icon Former Aussie PM blasts UK over HK
        73 7 AFP [SYDNEY] Former Australian prime minister Bob Hawke praised China yesterday over its handling of Hongkong's transition from colonial rule and bitterly attacked Britain's failure to give the colony democracy long ago. He said he found it "morally repugnant" for western countries with
        AFP  -  73 words
      • Article
        Lock icon Wet night for handover guests
        94 7 AFP [HONGKONG] The 40-minute ceremony handing Hongkong from British back into Chinese hands after 156 years of colonial rule was cordial, stiff, formal and moist. Hongkong's brand new space age Convention and Exhibition Centre on Victoria Harbour was unable to keep out a monsoon downpour.
        AFP  -  94 words
    • Article
      Taiwan launches propaganda blitz
      613 7  -  TAIPEI liflldcrg tft Explain impact of HE'S retnrn on Taipei By] Bruce Cheesman TAIWAN is launching a propaganda blitz aimed at sinking the notion that Beijing's reunification formula for Hongkong is suitable for Taiwan. Leaders such as President Lee Teng-hui and Vice-Presi-dent Lien Chan will be
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    • Article
      Taiwan banks in HK may have to re-register: reports
      574 7  -  TAIPEI Taiwan's MOF officials investigating on verified report By: Bruce Cheesman TAIWANESE financial institutions in Hongkong reacted nervously yesterday to local press reports that Beijing will force Taipei's banks and securities companies to re-register their operations in the former colony. When
      574 words
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      283 6 w+^Tms^m I A sfif ■■■■■■■■■■■■■■■I POWER-GEN Asia '97, now in its fifth year, generation, transmission and distribution and Supcsort ecfb^the is thc lar g est and most important exhibition information technology. Exhibitions feature the Singapore Trad# and conference for electric power in Asia. It latest technologies and business solutions for
      283 words
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      92 6 "'1 i tfisqo vllGrm This announcement appears as a matter of record only B v /•> 1 I JIM Ilw I L*. I -> v-'♦ w ,ri H L KIAN ANN ENGINEERING LTD I (Incorporated in** Republic of Singapore on 6 October 1971) I ISSUE OF I 11,500 REDEEMABLE CONVERTIBLE
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      123 7 The Westin Tai Ping Yang Shanghai i I You've endured a 24-hour flight over 5 different time zones with 2 gruelling stopovers to find yourself I in Shanghai at 10 past midnight. "And you've got an important meeting in 8 hours." i i ■v* < '4fr" I 3#** "Thank heavens
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      748 8 SECURETTrNTI MmM M fll v mi I A CORPORATE NEtW SLET CONTMBUTWG K. In Singaporj CISCO'S transformation from the manpower based set-up of an auxiliarjr police Within CISCO, there are 15 Strate force t0 one which offers state-of-the-art technology and innovative Hcurity conceivable need for armed protectioi solutions was in
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      752 9 II J I I I m I m—m I I 1 m I E NEWSLETTER JULY 1997 [TRIBIJTING TO njtnp AN L _i n R&D Partnership iercial Security .j*;™^sr Singapore I s»Mpssl based set-up of an auxiliary police Within CISCO, there are 15 Strategic Business Units which meet your every
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon The Bishan conundrum
      692 10  -  THE PROPERTY COLOUR Pricing goes in either a virtuous or vicious circle, so what's next after Bishan 8? By Lee Han Shih IF the housing market is supposedly lukewarm, why are dozens of buyers willing to pay a record $1,000 per sq ft for condos in the
      FILE PHOTO  -  692 words
    • Article, Illustration
      Scottish castle and more for £5.5m
      216 10  -  By: Diana Oon [SINGAPORE] Anyone with dreams of owning a castle with an 18-hole golf course, a salmon-filled river and an entire village thrown in can do so for just £5.5 million (5113.1 million). Or less than the cost of a good-class bungalow in
      216 words
    • Article
      Bishan 8 sales slow alter initial rush
      397 10  -  Far East has sold 86 ont of the project's 200 onits so £u*, at $1,060 psf on average By] Diana Oon [SINGAPORE] Sales of units in Far East's 99-year-leasehold Bishan 8 have been slow after the initial rush at its launch two weekends
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      279 10 PRIME DEVELOPMENT SITES FOR SALE BY TENDER I 7 /y Commercial Site (Former US Embassy) Site area: 30,838.9 sq ft approx. Tenure: Freehold/I 25-year leasehold. C\ Zoned commercial; potential Gross Floor Area: P \yy/*/ 127,605.6 sq ft 5 **+<*// c ar tfV Outline Provisional Permission (OPP) obtained. ;3 4 Development
      279 words
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      148 10 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call CjLT.S. at 1800-737-1166 for this free service. Anottwr CtaaaMad Bwvk» (PRIME INDUSTRIAL UNITS I CENTURY INDUSTRIAL BUILDING I STVIHVHB I Attractive rental package Sjj I Lettable area: approx. 2,200 57,780 sq.ft. F| Showroom/production/R&D/industrial I training/office/storage I Sole Marketing
      148 words
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      Page 10 Advertisements Column 3
      107 10 F2SS?I SUNTEC TOWER ONE \£s3k I-THEPENTHOPSE FOR COMPANIES WHO NEED i QUALITY SERVICES. FACILITIES BUSINESS CENTRE[ PROFESSIONAL MANAGEMENT >• Fully Furnished Serviced Offices with Unsurpased Views >• Multi-lingual Secretarial Support >• Personalized Telephone Answering >• 24 Hours Access with Security Cameras >- Flexible Leasing Terms >■ Conference Latest AV Facilities
      107 words
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  • SOUTH-EAST ASIA
    • Article
      No more finance firm shutdowns: Thai minister
      491 11  -  BANGKOK Meantime, financial regulators try to prevent ran on deposits By Harish Mehta THAILAND'S new finance minister yesterday moved to reassure worried depositors, saying he will not shut down any more cash-strapped finance companies after suspending 16 on Friday. Meanwhile, financial regulators tried
      491 words
    • Article
      Lock icon Vietnam cuts rates, says banks are sound
      257 11 HANOI Reuter VIETNAM yesterday slashed interest rates to tackle flagging economic growth and rounded on reports questioning the ability of the troubled banking system to meet financial commitments. The central bank denied the authorities had instructed commercial banks to withhold payments to foreign
      Reuter  -  257 words
    • Article
      Revamp to save Indon private airline Sempati
      306 11  -  JAKARTA By I S N Vasuki SEMPATI Air, Indonesia's troubled private airline, is undergoing a major restructuring that includes shelving a few domestic and international routes and staff downsizing. The airline also said it will sell its business units and stick to its
      306 words
    • Article, Illustration
      Trunk calls for tourists
      77 11 [YANGON] Elephants with riders wearing historical Myanmar royal costumes after marching from the city s famous Shwedagon Pagoda on Sunday, where top military leaders had just unveiled a newly renovated stairway. The figure secondfrom the right represents a monarch from the Konebaung dynasty of the 18th
      77 words
    • Article
      Lock icon Malaysia to tighten spending in '98 budget: Anwar
      272 11 KUALA LUMPUR AFP MALAYSIA would tighten government spending in its calendar 1998 budget to avoid wastage and ensure quality growth, Deputy Prime Minister Anwar Ibrahim said yesterday. The government would also work towards strengthening the country's economic structure and enhancing its economic
      AFP  -  272 words
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  • ASIA
    • Article
      Japan unveils new measures to deregulate banking system
      430 12  -  TOKYO Changes will help banks meet foreign competition from Big Bang financial reform By* Anthony Rowley JAPAN'S Finance Ministry yesterday announced a series of measures to deregulate important parts of the nation's banking system ahead of the planned schedule for its financial
      430 words
    • Article, Illustration
      Lock icon Aussie dollar slips ahead of central bank meeting
      260 12 SYDNEY Reuter THE Australian dollar suffered its lowest close for 17 months yesterday and a singular failure to rally from an offshore setback warned of further losses ahead. Traders said the market was generally short after Friday's half-cent selloff swamped two-week old
      Reuter; Source: Bloomberg  -  260 words
    • Article
      Lock icon No new business with DKB, Nomura: Sony
      194 12 TOKYO Bloomberg SONY Corp said it will suspend new business ties with Dai-Ichi Kangyo Bank Ltd and Nomura Securities Co, the latest fallout from a scandal involving the two financial companies. "In light of the arrests of Dai-Ichi and Nomura executives, we've decided
      Bloomberg  -  194 words
    • Article
      Lock icon NZ economy shrinks for first time in 5 years
      442 12 WELLINGTON Fignres weaker than market expectations, says economist Bloomberg NEW Zealand's economy shrank for the first time in nearly five years, vindicating the central bank's call for lower interest rates and flagging the possibility of further reductions. Economic activity in the
      Bloomberg  -  442 words
    • Article, Illustration
      Lock icon Begging for a ride
      56 12 [DHAKA] Over a dozen children from Dhaka's slums enjoying a joy ride on a rickshaw through the streets ofDhaka yesterday. The children hired the rickshaw from money earned from begging on the streets. Dhaka has several children's parks, which are subject to an entry fee, which
      REUTER  -  56 words
    • Article
      Lock icon Firms, unions fight Aussie clothing, footwear tariff cuts
      370 12 CANBERRA They warn of massive job losses, Med businesses Reuter AUSTRALIAN unions and employers joined forces yesterday to attack a government report urging huge cuts to textile, clothing and footwear tariffs, warning of massive job losses and failed businesses. The government's key
      Reuter  -  370 words
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      329 12 D&A DAVIDSON ASSOCIATES Assume it is you who has just been retrenched. What now? t Abo assuming your employer has retained Davidson i Associates to provide incfividual outplacement consultancy, you are about to meet your D&A consultant Youl find that he or she is as experienced as you are. Youl
      329 words
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  • THE WORLD
    • Article
      No Fed rate hike expected for now, say US analysts
      509 13  -  NEW YORK But strong jobs data points to possible interest rate moves later in the year, likely in Angnst By Andrew Marks THE US Federal Reserve Bank's Federal Open Market Committee (FOMC) meets today and tomorrow amid a slew of
      509 words
    • Article
      Lock icon Labour govt to review UK utility regulation
      196 13 LONDON Reuter BRITAIN'S Labour government launched a major review of utility regulation yesterday, to establish a long-term framework for overseeing the privatised companies. The review was welcomed byi existing watchdogs and consumer groups, and came as one water company announced it was returning
      Reuter  -  196 words
    • Article
      Lock icon Clinton unveils US$85b tax cut plan
      431 13 WASHINGTON Measures aimed mostly at the middle rlaw Bloomberg PRESIDENT Bill Clinton yesterday proposed about US$B5 billion (*****.6 billion) in tax breaks over five years, including a 30 per cent exclusion on capital gains a larger cut than he previously endorsed and education and
      Bloomberg  -  431 words
    • Article, Illustration
      Lock icon Model dinosaur
      77 13 [MEZE, France] Al2 metre high and 24 metre long replica, moulded from a dinosaur's skeleton, is installed in the woods of Meze, near Montpellier in southern France, where thousands of dinosaur eggs werefound. The complete skeleton was discovered in Tanzania in 1920 and one of the two moulds
      REUTER  -  77 words
    • Article
      Lock icon Pound hits 5-year high against mark
      244 13 LONDON Bloomberg THE British pound set a fiveyear high against the Deutschemark amid expectations UK interest rates will rise this month regardless of likely tax increases in the government's budget tomorrow. Recent evidence of strong consumer demand has boosted speculation the UK base rate,
      Bloomberg  -  244 words
    • Article
      Lock icon Modest rise in US consumer spending, incomes
      359 13 WASHINGTON Commerce Dept data for May suggests steady economic expulsion ahead Reuter CONSUMER spending picked up modestly in May from April's pace as incomes kept growing, the Commerce Department said yesterday, suggesting steady economic expansion ahead. Spending increased 0.3 per cent to a
      Reuter  -  359 words
    • Article
      Lock icon Report urges White House to limit trade sanctions
      429 14 WASHINGTON Try other ways to further foreign policy interests that won't harm US firms: export conntil Bloomberg THE US should be slow to impose trade sanctions on other nations, a White House report said yesterday. The report by the President's Export Council
      Bloomberg  -  429 words
    • Article
      Lock icon No new US taxes on Net commerce
      353 14 WASHINGTON Private sector also to determine hewttwiUeperato In cyberspace Washington Post AFTER a two-year study into the growing world of Internet commerce, the Clinton administration has decided not to call for new taxes or regulations on business conducted ova- the global computer network
      Washington Post  -  353 words
    • Article, Illustration
      Lock icon Somerset lullaby
      29 14 [GLASTONBURY, Somerset] Music fans covered in mud taking a rest ofter the revelry at this year's Gkistonbury Musk Festival in English shire of Somerset on Sunday. AFP
      AFP  -  29 words
    • Article
      Lock icon US telcos hit out at European curbs on Internet telephony
      291 14 LONDON Regulation will stunt they say FT US telecoms equipment manufacturers are furious over attempts by some European countries to ban Internet telephony, which enables calls to be placed worldwide at a fraction of the usual cost. New technology, which
      FT  -  291 words
    • Article
      Lock icon EU plans informal deal on tax levels
      256 14 BRUSSELS FT MOMENTUM is growing for a voluntary code of conduct to stop predatory tax competition in the European Union. The gentlemen's agreement would require member states to stop luring capital investment and jobs from their neighbours through artificially low corporation tax and
      FT  -  256 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      176 13 Tung Centre 1,566 sf Parkway Parade 1,592.48 sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1,776 sf/7,739 sf/13,982 sf 172/174 Paya Lebar Road Short term lease 15,435.58 sf/14,477.58 sf First Capital Property Management Pte Ltd =r (A member of First Capital Corporation Group) Tel: 437 6817/437 6853/534 3132 Fax: 532
      176 words
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      Page 13 Advertisements Column 2
      27 13 Tonfeiiant from Leonor Greyl, one of the leading hair loss speeialists from France... [Come for a no obligation FREE hair analysis at Guardian Centrepoint and Robinsons today!
      27 words
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      421 14 I Coop International n|| And Omas I Iwli Celebrate Jm. IH Hong Kong's y. l|i!\ Return To I .it U V The Motherland. J| Chilis, iti Motherland, and is ol grtjl important o1", i> joF It lij iftlJ <p( lls political ramifications. OMAS, whose presence 1 u always felt at
      421 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      US needs to see that it can't dictate to China
      761 15  -  THB BOTTOM LDVE Opinion By Leon Hadar The writer is BT's Washington correspondent gW" T HAS become a Washington summertime v tradition, not unlike the annual ritual that pre- oedes it Every year, after US Congress debates whether to renew
      761 words
    • Article
      IN OTHER WORDS
      146 15 "We're going to see the floodgates of porn open up on the Internet' -GatkyClemlegal policy director for the US Farfiily Research Council, after the US Supreme Court struck down a law that made it a crime to display sexual and other adult-oriented material on the Internet in
      146 words
    • Article
      Bringing fun back to Bugis
      629 15 EDITORIAL EVEN if a few flies come in through the windows of the proposed Entertainment Area, as National Development Minister Lim Hng Kiang admits they might, there are no flies, as they say, on a scheme that will restore to Singapore the one asset it
      629 words
    • Article, Illustration
      Australians count cost of Hanson effect
      1167 15  -  Race debate takes toll on diplomatic and commercial relations with Asian nations By] Peter Lynch The writer is a Sydney-based journalist who contributes to BT HOW MUCH has it cost Australia to allow one lone MP, Pauline Hanson, to travel the country pedalling opinions
      AFP  -  1,167 words
    • Article
      WHAT THE OTHERS SAY
      752 15 US Court takaa Map back IN THE *****, wilful members of the US Supreme Court used strained and rigid readings of the Constitution to strike down New Deal legislation as beyond federal power. For a time, they crippled the government's ability to cope with the national
      752 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      53 15 DQWIimiPRY By Garry Trudeau I #*>irrrt9, shb shouwnt haw-that I \'£^i^\ e^f fs l rs f£&Ef.£S72 v ££gE?' eoeatrsem B^SiS^S\^ URarrS I FWRSOMZ- WHAT —Re JHy&gNp I J I WHAT—9O? W*i PEMZHTIA. I GOING TO HAVE TO R&SUAPG HOW... DOVOU I 173 A™ I ireeecep T ~k=in^ zJ I 7
      53 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Hollywood dances with Woo
      997 16  -  John Woo's latest film, Face/Off, opens as No 1 at the box office, priming him to become an American success story, says berhardwewsaub BERNARD WEINRAUB NYT HIS films are notable for cascading glass, falling bodies and enough bullets to touch off a war. But John Woo,
      NYT; FILE PHOTO  -  997 words
    • Article, Illustration
      Man of peace amid mayhem
      773 16  -  PERSONALITY Singing, praying Hoiyfield only flips out after Tyson bites his ears during title figjit By, Jeff Sohultz NYT [LAS VEGAS] It is not just a locker room. It is a cathedral. The man in the sweatsuit has his hands up in the air and
      NYT; REUTER  -  773 words
    • Article
      Adjusting to a world which has gone Mad
      542 16 MAGAZINES NYT [NEW YORK] After 45 years of poking fun at America, from its politics to its pop culture, Mad magazine finds itself in a strange position these days. Not so long ago, there were movies like Airport to lampoon, television series
      NYT  -  542 words
    • Article, Illustration
      Looking good after sleeping in a suit
      430 16 FASHION Dolce and Gabbana are patting wrinkles into meosmar for a new, lived-in look Reuter ITALIAN design duo Domenico Dolce and Stefano Gabbana showed sleeping in a suit could put a man at the forefront of fashion when they opened the Milan mens
      Reuter; FILE PHOTO  -  430 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      153 16 THEWBATHUR Wnjipora Showers in the late morning and afternoon, mainly over Northern, Western and Central parts of the island. Temperature (33-25) fmtmu HVXe* Goad. Europe HVLo* OmL America HVLo' Cam*. 11*6 Ran Amardun I*l* Ra» BwbmAw 111)6 (M But** Shown Cfcwly Nm (Vwd> Berta 2*14 Ckw|y Bcunbay J*27 Showers Bom
      153 words
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  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
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      268 words
    • Advertisement
      Page 17 Advertisements Column 2
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      517 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      635 17 TV&BAPIO PtimiiHia "•<"> Tuesday After Dark 7.30 TamilSeithi(News). IJ.lUtl*m.T77n^— 2JIQ PM TV Innovations. SSSJoEtoJ^? r aI J!? to r Mon"'Money Money 1140 »-*> ZiiXi. 3J» How Ti Succeed In Bus,- H<>Ur I 4 Bertha 3J Stooges 10.30 Japan Hour 4JI Caribou Kitchen. Conga. Ul At the Zoo. ns Heroes. IL3O
      635 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      132 17 CatTPTO CROSSWORD 7 Defer advance (4,3) P4—l^-—JH— 8 Close powder-case (7) 11 In rubbish, love to rummage 20 Wise man captured flavour a disgrace (7) DOWN 9 Where to find green law- VHtfimurß fIOHHTOH 1 London, for example, is ex- yers? (83) cellent (7) 13 Th e dragons came out
      132 words
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  • CYCLE & CARRIAGE GOLF PAGE
    • Article, Illustration
      Golfers' haven at Capricorn Resort
      1354 18  -  One needs to play the exquisite course several times over to work out the hundred different nuances, says michxaus D'cruz NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review. IT IS not very clear if the intention, from the very outset, was to
      1,354 words
    • Article
      Designed with passion
      672 18  -  Designer Chris Pitman rwnhhyw mtnf and creativity to get variety and complexity By\ Nicklaus D'cruz CHRIS Pitman can fire you with his passion for golf course design its beginnings, its evolutions, transformations and his creative processes. He started out in the business pulling rakes and pushing hoes
      672 words
    • Article, Illustration
      Warren leads index to 8-month high
      340 18  -  BT GOLF INDEX By Ven Sreenivasan THE price of Singapore-based golf clubs hit a eight-month high in June, with Warren Country Club the leading price gainer during the month. The eight-club index BT Golf Index stood at 195.62 points last month, the highest it
      340 words
  • Page 18 Advertisements
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  • COMPANIES & MARKETS
    • Article
      SembCorp's RDC to acquire 30 affiliated units for $100m
      440 19  -  Mm aimed at transforming RDC into SembCorp's property arm By\ Christopher Tan [SINGAPORE] Sembawang Corp subsidiary Resources Development Corp (RDC) will acquire 30 affiliated companies for $100 million in an exercise aimed at turning it into Sembawang's property arm. It has
      440 words
    • Article
      Inno-Pac may see a general offer
      402 19  -  -42*, *rKml tiiiiiWMiinin SokCheeWento underwrite 75% of rights issue Byi Clarissa Tan [SINGAPORE] Malaysian businessman Soh Chee Wen will underwrite three-quar-ters of Inno-Paciflc Holdings' rights issue in an unusual move that could lead to a general offer. Inno-Pac said yesterday that should the rights
      402 words
    • Article
      Bonvests and Compact Metal plan to issue warrants
      316 19  -  By, Abdul Hadhi [SINGAPORE] Bonvests Holdings and Compact Metal Industries yesterday separately announced plans to respectively issue 63.42 million and 59.44 million warrants on a three-for-10 basis in conjunction with transferable loan facilities they are getting from DBS Bank. Property group Bonvests
      316 words
    • Article
      SES heeds the feedback on its corporate governance rules
      537 19  -  HOCK LOCK SIEW Lee Han Shih WHO would have imagined that the Stock Exchange of Singapore (SES), on the first anniversary of the Amcol debacle in two weeks' time, would actually be gearing up to loosen yes, loosen some of its
      537 words
    • Article
      Chng Hee Kok to quit top posts at Scotts Holdings
      376 19  -  Scotts says his contract terminated by mutual agreement, no reasons given %< Conrad Raj [SINGAPORE] The Scotts Holdings saga took another surprise turn yesterday with the announcement that the company and its chief executive officer. Chng Hee Kok, have mutually
      376 words
    • OTHER Results
      • Article
        Pertama posts 83.90m net loss
        147 19 {SINGAPORE] Electronic goods retailer Pertama Holdings bucked the trend for retailers by posting a net loss of $3.95 million, compared to a profit of $536,000 last year. While most of the other retail groups either improved earnings or slashed losses, Pertama reported lower turnover of
        147 words
      • Article
        First Engineering profit tumbles
        71 19 [SINGAPORE] First Engineering's profit for the year ended March 31 tumbled 44 per cent to $1.2 million even though turnover surged SI per cent to $73 million. The company said margins were badly hit by a price war arising from intense competition. Its directors expect market
        71 words
      • Article
        Pac Can $5.4m in the red
        114 19 [SINGAPORE] Pacific Can Investment Holdings yesterday reported net losses of $5.4 million for the six months ended March 31. The figure was more than 12 per cent lower than the 16.2 million loss in the previous corresponding period. Turnover was largely unchanged at $25.8
        114 words
      • Article
        Casa six-month profit falls 28%
        72 19 [SINGAPORE] Casa Holdings yesterday announced a 28 per cent dip in net profit to $1.8 million for the six months ended March 31. Profitability was dented by higher financing and operating cost and the competitive consumer goods market. Turnover for the period rose 20.1 per
        72 words
    • COMPANIES
      • Article, Illustration
        Kuok to sell off Philippine hotel, gaming interests
        473 20  -  His Philippine flagship KPPI will concentrate on residential, commercial, industrial property instead Froi Al Labita in Manila A LISTED flagship of Hong-kong-based Malaysian tycoon Robert Kuok is disposing of its hotel and gaming interests to focus on its core property business, brokers
        473 words
      • Article, Illustration
        Yahaya's daughter seen moving up in His auto empire
        537 20 Company may be groining her to take on some of his work Bloomberg [KUALA LUMPUR] Yahaya Ahmad's eldest child may have begun her climb to the top of the Malaysian auto empire her father built. When 50-year-old Mr Yahaya died in
        Bloomberg  -  537 words
      • Article, Illustration
        Tenaga to hand over power generation to its unit on Sep 1
        267 20 Bernama [KAJANG] Tenaga Nasional Berhad will hand over power generation at all of its 12 power stations nationwide to its subsidiary, Tenaga Nasional Generation Sdn Bhd (TNG), on Sep 1. Tenaga executive chairman Ahmad Tajuddin Ali said yesterday
        Bernama; FILE PHOTO  -  267 words
      • Article
        Multipolar shares surge 20% after going ex-rights
        227 20 Bloomberg [JAKARTA] PT Multipolar Corp, the retail arm of Indonesia's Lippo group, surged 20.5 per cent to a record high as its shares began to trade without the right to participate in the company's upcoming 754 billion rupiah (***** million) share sale. Multipolar's
        Bloomberg  -  227 words
      • Article
        Chase Perdana in stockbroking
        161 20 AFXAsia [KUALA LUMPUR] Chase Perdana Bhd said it will enter the stockbroking industry through the proposed acquisition of a 51 per cent stake in Jernih Karya Sdn Bhd for Ms 22 million (Ssl2 million). In a statement to the Kuala Lumpur Stock Exchange, the company said
        AFX- Asia  -  161 words
      • Article
        KLIH springs surprise M$12m loss
        292 20  -  Turnover jumps by 60 per cent to M 5347.6 million. From Eddie Toh in Kuala Lumpur PROPERTY-based Kuala Lumpur Industries Holdings Bhd dropped a surprise last night when it declared a huge loss in its Final results. The company, controlled by Teong Teck Leng, posted
        292 words
      • Article
        Genting shares tumble to 4-year low
        396 20  -  From Meera Tharmaratnam Kuala Lumpur SHARES in hotel and casino group Genting Bhd tumbled to a four-year low yesterday as punters bet that the company was unable to staunch an earnings decline for the halfyear ending yesterday, analysts said. Genting fell as much as
        396 words
      • COMPANY Briefs
        • Article
          Cosco pays $4m for shipping stake
          57 20 [SINGAPORE] Cosco Investment (Singapore) has bought a 70 per cent stake in Costar Shipping Pte Ltd for ft million. Costar. which has a paid-up capital of $1 million, is involved in ship agency and chartering. The deal is expected to bolster Coeco Investment's earnings
          57 words
        • Article
          Roly renews Disney deals
          77 20 [SINGAPORE] Roly International Holdings has tenewed its licence with Disney Consumer Products for the China, Hongkong and Macau markets. The Disney licence includes apparel and accessories coverfatg Disney characters Mickey, Disney Babies and Winnie The Pooh. There are about 280 million children of up to 14
          77 words
        • Article
          Ng Kee Choe takes over ICS helm
          34 20 [SINGAPORE] Tan Boon Teik has retired as director and chairman of The Insurance Corporation of Singapore. Ng Kee Choe, a board member for 13 years, replaces him.
          34 words
        • Article
          F&N appoints new director
          29 20 [SINGAPORE] FAN has appointed Stephen Lee Chine Yen a director. Mr Lee is also a director of G2oooApparel (S) and Wing Tai Apparel Pte Ltd.
          29 words
        • Article
          Showpla buys plastic moulding unit
          45 20 [SINGAPORE] Showpla (Delhi) Pte Ltd has taken over the entire business of a plastic moulding unit belonging to Onida Savak, a manufacturer of consumer electronic products, for US$7.BB million (5g11.27 million). Hie company is scheduled to start operations this month.
          45 words
        • Article
          Omni Mold shareholder cuts stake
          37 20 [SINGAPORE] Omni Mold substantial shareholder Leong Slew Fong has sold 1.1 l million shares at 50-53 cents each. The sale cuts his stake to 7.66 per cent from 9.22 per cent previously.
          37 words
        • Article
          Prudential Tower deal completed
          53 20 [SINGAPORE] Keppel Land yesterday concluded its sale to Prudential Assurance Co of seven storeys of the 30-storey Prudential Tower to be developed at the junction of Church St and Cecil St. Prudential has agreed to pay $2JOO per sq ft or an estimated $181 million for
          53 words
        • Article
          Sunright opens Korea centre
          102 20 [SINGAPORE] Sunright Ltd has set up a sales and service centre in Korea through its wholly-owned subsidiary, KESU Systems Service, Inc. This follows the sale of US£> million (Ss7.l million) worth of its latest parallel test and burn-in equipment to a leading Korean chipmaker. The three
          102 words
        • Article
          Parkway owns Gleneagies Hospital fully
          70 20 [SINGAPORE] Parkway Holdings Ltd, through wholly-owned subsidiary Parkway Group Healthcare Pte Ltd, has increased its shareholding in Gleneagles Hospital Ltd (GHL) to 100 per cent from 98.72 per cent previously. This was done by buying 199,082 GHL shares for $23.61 per share from 42 GHL
          70 words
        • Article
          Goldtron buys into China battery venture
          77 20 [SINGAPORE] Goldtron Ltd subsidiary Gokitron Holdings Ltd has signed a conditional agreement to buy China Showcase from Tan Siak Kwang few HKI6O million (Sill million) to be satisfied by HK113.75 million cash and 92.5 million Goldtron Holdings shares. China Showcase has agreed with Chengdu
          77 words
        • Article
          Corrections & clarifications
          55 20 Corrections clarifications IN our report yesterday headlined "Metro sees early profit from its Cairns hotel", it was reported that the company expects profits of AI7 million in the next six months and AIIS million in 1996 from the Oasis Resort Hotel in Australia. Metro has clarified that the figures refer
          55 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Billion-M$ club shrinks with softer market
        516 21 At half-year mark, ELSE capitalisation stands at Ms73sb, 6.6% down from end-1996 MBT [KUALA LUMPUR] The more restrained trading conditions at the Malaysian bourse in the last few months brought down the number of companies with market capitalisation of Msl billion or more to
        MBT  -  516 words
      • Article
        RANKING OF SINGAPORE COMPANIES BY MARKET CAPITALISATION
        3063 21 CURR P«V COMPANY NQOf CUSMGPWCE ft I RANK RANK MKTCAP SHARES 3W6/W 31/12/96 CHANCf RAW I (SSM) (WMLLNS) WS) AN S) tj SingTel 402S8.8 ***** 2.64 130 20.0 242 2 Ddtmlf *****.7 515 52.12 52.12 0.0 OiO 3_JCBC *****.9 890 8.00 7.54 6.1
        3,063 words
      • Article
        Affin-UOB to kick off with M$100m
        256 21  -  Stockbroking venture tobelannchedat end-1997, focusing on institutional clients From. Eddie Toh in Kuala Lumpur THE new stockbroking firm owned by Singapore's UOB Securities and Malaysia's Affin Holdings will initially have shareholders' funds of Msloo million (5556.6 million) when launched at the end of this
        256 words
      • Article
        RANKING OP MALAYSIAN COMPANIES BY MARKET CAPITALISATION
        779 21 cum pfitv ikap mich now aosp cuw pkv ikap h«h ho» aosp i RAW RANK STOCX <M$M) (SEN) (SCM) (SEN) RANK RANK STOCK (M$H COO COO ($£H) I Wm 2 TtM<» *****.8 1310 1060 1230 E3 28 Kl Ktpong 445SiO 755 S90 62S
        779 words
    • REGIONAL COMPANIES
      • Article, Illustration
        HK, Philippine hotels top earners in Mandarin Oriental group
        393 22  -  Lower contributions from Singapore, Indonesia, and Hawaii By' Tan Su Yen (SINGAPORE] THE strong performance of Mandarin Oriental International's hotels in and the Philippines list year made up for lower Ointributions from its operations in Singapore, Indonesia Ipd Hawaii. According to
        FILE PHOTO  -  393 words
      • Article, Illustration
        BHP says 10% of global assets not performing
        458 22 Poor assets will be sold if they don't improve returns soon Reuter, Bloomberg [MELBOURNE] Australia's biggest listed company, The Broken Hill Pty Co Ltd (BHP), yesterday said about 10 per cent of its global asset base was underperforming and poor assets would
        Reuter,; Bloomberg; Source: Bloomberg; ALLAN  -  458 words
      • Article
        San Miguel cuts beer prices after March hike hits sales
        321 22 Bloomberg [MANILA] San Miguel Corp yesterday cut beer prices to boost stagnating sales, a major reversal that may delay an earnings turnaround for another year. San Miguel lowered the retail price of its flagship Pale Pilsen beer by 1.5 pesos,
        Bloomberg  -  321 words
      • Article
        News Ltd sells out of ANM
        166 22 AFX-Asia [SYDNEY] News Corp said its News Ltd unit has sold its 50 per cent stake in Australian Newsprint Mills (ANM) to Fletcher Challenge Ltd for A 5293.5 million (Ss3l3 million). The deal gives Fletcher Challenge full ownership of ANM. The sale price comprises
        AFX-Asia  -  166 words
      • Article
        Leighton unit to build A$550m Sydney road
        227 22 Highway will improve traffic between Sydney's suburbs Bloomberg (SYDNEY] A group of investors led by Leighton Holdings Ltd, an Australian construction company, plans to start building a A*sso million (*****.5 million) new highway in Sydney by the end of July. The group, called
        Bloomberg  -  227 words
    • INTERNATIONAL COMPANIES
      • Article
        Microsoft planning programs for use in cars
        461 23 Dashboard-mounted computers may allow drivers to trade stocks and surf Net NYT [DETROIT] Eager to take advantage of the hour a day the average American spends in a car, Microsoft Corp has begun developing programs for dash-board-mounted computers that would allow drivers to
        NYT  -  461 words
      • Article
        NatWest fails to pin Barclays down over possible takeover
        316 23 Reuter [LONDON] National Westminster Bank pic yesterday failed in an attempt to make British banking rival Barclays pic come clean on whether it was planning a takeover bid. Britain's Takeover Panel rejected a call by Nat West for Barclays to clarify
        Reuter  -  316 words
      • Article, Illustration
        SBC, AT&T end merger talks by phone: report
        373 23 AT&T buses tough task to compete on its own in derejgnlated market Reuter, NYT [NEW YORK] SBC Communications Inc chairman and chief executive Edward Whit acre ended a possible merger with AT&T Corp in a telephone call to the telecommunications giant's chairman
        Reuter,; NYT; FILE PHOTO  -  373 words
      • Article
        Pepsi to end Ocean Spray drinks pact
        108 23 Reuter (NEW YORK] PepsiCo Inc intends to end its agreement next year to distribute Ocean Spray drinks, the Wall Street Journal said. In yesterday's electronic edition, the Journal said the move may portend PepsiCo's desire to develop and market its own line of
        Reuter  -  108 words
    • FINANCE & COMMODITIES
      • Article
        Taiwan to lift ban on Simex, CME stock futures
        344 24 Trading of Taiwan stock-index futures by local investors to be allowed from Aug 1 Reuter [TAIPEI] Taiwan's Securities and Futures Commission said yesterday it would lift a ban on local trading of offshore Taiwan stock-index futures offered in Singapore and Chicago
        Reuter  -  344 words
      • Article, Illustration
        Summer bonus day
        59 24 [TOKYO] Female bank clerks at the Tranomon branch of the Sanwa Bank counting the 10,000 yen (Ssl2s) notes yesterday prior to business hours on the summer bonus day for government employees. According to Sanwa Research, 4.5 million government workers receive an average bonus of 796,900 yen, a
        AFP  -  59 words
      • Article
        JP Morgan in talks to buy into mutual fund group
        319 24 Plan is to buy 45% of American Century for USs9oom: report Bloomberg, Reuter [NEW YORK] JP Morgan is in talks to acquire as much as half of American Century Group, giving it a stake in one of the nation's largest
        Bloomberg,; Reuter  -  319 words
      • Article
        NationsBank to acquire Montgomery
        279 24 Bloomberg [CHARLOTTE, North Carolina] Nationsßank Corp agreed to buy Montgomery Securities for about US$l.2 billion (551.71 billion) in cash and stock, giving the fourth-largest US bank a leading adviser to fast-grow-ing companies, said people familiar with the situation. Nationsßank will pay 70 per cent in cash
        Bloomberg  -  279 words
      • Article
        Quotation of Singapore Government Stocks (Jun 30,1997)
        338 24 INDICATIVE NUMBHt MIDDLE PRICES INTEREST OTUAYSOf (EXCLUDING GS088 „.__rrv 4Bam AMOWT PAYMENT ACCRUED ACCRUED REDEMPTION MATURTTY YEAR RAISED PAJ «M) DATES INTEREST INTEREST) YIELD (SPA) 1.9.97 N*****1W 1996 2 960.00 1/9 1/3 121 99.90 2.57 15.11.97 N5Q2101F 1992 3 7/8» 600.00 15/11 46
        338 words
      • Article
        Wheat seen falling as harvest refills bins
        163 24 Bloomberg [NEW YORK) Wheat could fall in the days ahead as this year's harvest starts to refill US grain bins. The Commodity Research Bureau index last week slid 1.19 to 239.33 as prices for grains and gold slumped. The winter wheat harvest is
        Bloomberg  -  163 words
      • Article
        Euroyen pares gains in late trade
        231 24 rum im Report Reuter (SINGAPORE] Simex Euroyen futures pared morning gains in late trade yesterday on prof-it-taking but downside was limited by expectations of a steady Japanese monetary policy, dealers said. A bout of short-covering following last week's sell-off boosted March Euroyen futures to
        Reuter  -  231 words
      • Article
        Fears of political tensions erode early gains
        180 24  -  MSCI TAIWAN FUTURES -By Perry Gilbert, Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures opened on a positive note yesterday with buyers pushing the market higher on bullish fundamentals relating to the cash index and upgraded earnings
        180 words
      • Article
        Oil and gas merger activity to pick up
        208 24 ENERGY REPORT Reuter [NEW YORK] Oil and gas producers are expected to increase their mergers and acquisitions activity in coming months as major US companies, backed by powerful balance sheets, seek new exploration acreage. "What the majors are after is not the
        Reuter  -  208 words
      • Article, Illustration
        Untitled
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        1,279 words
      • Article
        CURRENCY REPORT
        266 24 Reuter, AFP THE US dollar was stable against the yen, but continued to rise against major European currencies. Dealers were waiting to see whether the Federal Reserve would decide to raise rates at the meeting of its monetary committee today and tomorrow, but no decision will probably be
        Reuter,; AFP  -  266 words
    • Article
      COMMODITY PRICES
      1573 25 SIOOM FUTURES Jun 30 WWttWwwd^weliJOFB) KSICOETtACTttcwMe) Oom »ol—i OfM Mf> U» Satt (tani) hrtarot ***** 400 *44.50 1T95 Sapff 147.75 1895 Oct/fcK 97 tSLOO 150.75 150.75 450 4425 Jmrtt 155.75 ***** 154.25 1500 6750 Apr/JM98 155.50 75 ***** RSSlCfillTlftCT (IB cob/kg) Mm OpM MW# Mjl Lot Satt (timi)
      1,573 words
    • Article
      WORLD STOCK MARKETS
      2195 25 ifc. swsa*;-. jjaaafeMMtaMBSaMf'^.:?» :S MNH a v*« *«j p r Mvstrtais Jw» Psata *h 34 Group 497 -2 AS Ports 255.400 -1600 APbay National 820 -TL200 AMadOomacq 430 1 Amac 149.400 2 Asda Group 124 -t400 BAT md 537.400 1.600 BGPtc 220 -7 MCC 177 »1 BOC
      2,195 words
    • Article
      TOKYO
      1603 25 AFP QNikkei 225 +BL2I SHARE prices closed higher yesterday, with the Nikkei Average supported by bargain-hunt-ing from institutional investors in late trading. Brokers said buying interest from institutional investors was strong only at lower levels. The leading barometer of the Tokyo Stock Exchange rose 81.21 points to finish the
      AFP  -  1,603 words
    • Article, Illustration
      JAKARTA
      722 26 AFP POamnoßtefßlg +7.73 SHARE prices rose 1.l per cent to a record close yesterday with rallies in cigarette shares and some book squaring at the end of the first half of the year. "It's just window-dressing. I guess some parties have entered the market to support their stocks to
      AFP  -  722 words
    • Article, Illustration
      BANGKOK
      824 26 AFP gSETMn -OJO SHARE prices closed lower yesterday in thin trade as the authorities moved to shore up public confidence in deposits after the suspension of operations of 16 finance companies. Financial authorities sought to head off a run on finance companies early yesterday by announcing that their promissory
      AFP  -  824 words
    • Article
      MANILA
      324 26 AFP □Mafl* -25£2 SHARE prices fell yesterday largely on news of San Miguel's decision to cut the price of its beer products and investor caution ahead of second quarter company results. The PSE Composite Index fell 25.82 points to 2,809.21. Turnover was 7.6 billion shares worth 1.9 billion pesos.
      AFP  -  324 words
    • Article
      SEOUL
      412 26 AFP P Composite Index -L4O SHARE prices closed lower yesterday with early gains eroded by selling in the afternoon. Hongkong's return from Britain to China had little impact on the market. "There'll also be no drastic change in the strategy of South Korean firms unless China intervenes to change
      AFP  -  412 words
    • Article
      SYDNEY
      603 26 AFP OfllOrdiMritt *2X5 SHARE prices climbed 0.9 per cent yesterday to a record close as institutions squared their books at the end of the financial year to June. "There was a lot of tidying up for the end of the financial year which underpinned the strong trading," a broker
      AFP  -  603 words
    • Article
      WELLINGTON
      263 26 Bloomberg n Wellington +5&74 SHARE prices rose to their highest levels since the October 1987 stock market crash. The benchmark NZSE Top 40share Index rose 58.74 points, or 2.4 per cent, to 2,501.96. mi m *t- mm ANZ Banking 10.75 *0.15 ***** Advant«gn Midgj 1.07 uneh ***** AlrN*«2oMnd(A) 3
      Bloomberg  -  263 words
    • Article
      TAIPEI
      374 26 AFP QWPMbi SHARES closed slightly higher yesterday as some investors bought asset-backed issues, brokers said. The TSE Weighted Price Index advanced 5.80 points to 9,030.28. Turnover was 2.69 billion shares worth NT5161.39 billion. Rising stocks outnumbered those falling 242 to 148, with 63 issues unchanged. Foods were the top
      AFP  -  374 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Shares higher on window-dressing
        497 27 AFX-Asia n Composite Index *7.24 SHARE prices closed higher yesterday, spurred by late window-dressing ahead of half-year book closures, reversing early falls. However, trading was modest with an underlying note of caution remaining as investors wait out the Hongkong handover. The KLSE Composite Index closed up
        AFX-Asia  -  497 words
      • Article
        Untitled
        8070 27 —umiaii Cmwif pniicti 1997 Last Vat Day Nat Cap Mgb Lm Ci—iay Me -000 High Lew P/C f* T90 560 Ajinomoto 600 33.2 2432 448 293 Angkese 310 -4 17 312 310 9.2 457.1 905 610 Apoko FoodHlq 685 unch 81 685 670 274.0 428 189 Berfeyelnd 245 -1 2180
        8,070 words
    • WARRANTS & OPTIONS
      • Article
        Antah warrant looks promising
        203 28  -  WARRANT WATCH By Ven Sreenivasan TWO weeks ago, we pointed out that KLlisted Antah warrant is one instrument which is worth watching closely. The warrant's price has remained relatively stable despite an overhang of negative sentiment on both bourses lately. Nevertheless, the instrument, which closed unchanged
        203 words
      • Article
        Untitled
        3520 28 BOMS* LOANS ft VARIANTS IM7 Last Vol Day LMt Oiwte Avg High Lao Strvo Company Sata tor- COOO) High Law Svyar JaHar Prtca 68 44.5 m 3000 m AMDbTs.5%*****6 -7 46 44.5 49 67 41.5 3160 A Acar ******1USS 57.5 52 55 131 70.5 3164 Acma ******4 —72 *0.5 14
        3,520 words
    • Article
      CLOB INTERNATIONAL
      2233 28 ■■■■■MiHBHHMMNMii Cf Of 1997 LMt Vol Day Lost Ovwtt On Dl* VM Not HC« Hmi Low Stno Company SM C000) M*ft Low Buyor SoOor C*vr P/t Sni 478 296 msSOOO AISSSOc 300 unch S3 300 296 290 302 5.0 4.9 03 62.1 307.7 137 875 ms 5001 AMD6
      2,233 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        809 29 mmamn vain nxx» a+ mm cm SS2S ftZfi 7 VMU«3 *2TS 134,039 22" «.o£ 7 3 9<M nm _f>o TS vus vara mm two SSK f ":!jj sfsoAo »x5« viS ao,'n2 mww »tm «*0*<a MW **23 HAM OSS TOTAL hhi J ISS* o T 231 sua y**.. 4 t 2
        809 words
      • Article
        MAIN BOARD
        4288 29 Traiis.irtion D.itr Jun JO Or Cf M mt 1991 Last Vol Day Lnt Ouota Dtv M* VM NM Cap Avg m> U» MH Campaay l«H COOP) Ml» t— lm» «a8ar Cw Pft tmrn Prtca Mtmtuic 5V46 A$Ctrr$W200 US- MS MS 1275 ASTUSfcMO USM5 MS gfl.S 203 155 12M
        4,288 words
      • Article
        SESDAQ
        795 29 Lact Vd On L*tt OmN hm yu p fiw»«t ttt* roooi mh> um >w> uam cw p/i $«a ,f? JJ *f" MW 5t "Srt 1364 117 IQ IM (19 10 4.0 0.1 MO 5U KM 2 144 2M ASAM«10l 270 ed S4 270 2M 249 270 (J 117 SI
        795 words
      • Article, Illustration
        HOT STOCK
        60 30  -  -bji Ven Sreenivasan HONGKONG LAND yesterday gained six US cents to U552.66 on almost two million shares changing hands as the return of Hongkong to China grabbed the market's attention. However, with the counter already in overbought territory, most analysts reckoned that interest in the stock could fizzle
        60 words
      • Article
        Untitled
        207 30 V*tWM Tianjin Zhong 27,619.000 VanderHorst 5.384,000 MS Land 4.734,000 CMM N USk 4,215.000 Mm) RCPS5.25 4.000.000 Labroy M 20c 3,917,000 CM Telecom 75c 3,227,000 Sto«T«l15c 2,901,000 Huan HsmUS20c 2,843,000 HMti-Purpos* 2.079,000 IXfa Tianjin Zhong 31.220,393 DCS Foreign 28,531,623 DBS Land 21,226,435 UOB Foreign 15,040,570 0C8C Foreign 15,026,201 City Dev 50c
        207 words
      • Article, Illustration
        China play injects interest into otherwise listless day
        588 30  -  STOCK MARKET COMMENTARY Late buying of index-linked stocks seen as window-dressing; analysts expect market to stay within current trading range in near term By Ven Sreenivasan [SINGAPORE] China play and lastminute buying of selected indexlinked counters injected interest into an otherwise listless
        588 words
      • ON THE GRAPEVINE
        • Article
          The risk undertaker
          128 30 AMONG the various industries, insurance companies rank near rock bottom in public esteem—at least in the United States. Speaking at the Asian Conference on Motor Insurance held in Singapore last week, Michael Podoshen, a senior American insurance executive, remarked: "I do not know about all ports of
          128 words
        • Article
          Self-help
          31 30 SPOTTED on a bus recently, a middle-aged man, with a long and thoroughly miserable look on this face, reading a self-improvement pamphlet titled Being Happy. Can't blame him for trying.
          31 words
        • Article
          The road most travelled
          96 30 MANY motorists who went to the usual kiosks and post offices yesterday to buy the $40 season road-pricing disc found that the tickets had been sold out It seems the Land Transport Authority had underestimated the demand for the disc—a necessity from today if you're one
          96 words
        • Article
          Faro game
          123 30 THE Land Transport Authority is still working on a "contactiess" smart card that can be used for bus and MRT travel (This card will not be compatible to the card-based electronic road-pricing scheme, but that's another story In the meantime, to make bus commuting speedier, it has introduced
          123 words
        • Article
          Golden oldies
          85 30 A ST ATE in the US is thinking of asking its retired software professionals to come back to work on the Year 3000 problem. This problem occurs because the software thoee retirees wrote used two digits for a year, Instead of four. So come the year 2008, such
          85 words
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      Page 19 Advertisements Column 1
      52 19 This announcement appears as a matter of record only V. mjjgqfr. *>fc •r A piDEmco Lflno A member of Singapore Technologies *****,000,000 Transferable Loan Facility with Embedded Bond Call Option Lead Manager Arranger THE DEVELOPMENT BANK OF SINGAPORE LTD Facility Paying Agent QDBSBANK THE DEVELOPMENT BANK OF SINGAPORE LTD 1
      52 words
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      Page 20 Advertisements Column 1
      58 20 This announcement appears as a matter of record only Q CORPORATION PLACE LTD (Incorporated in the Republic of Singapore) A SUBSIDIARY OF DBS LAND LIMITED 5540,000,000 unsecured bond issue 5560,000,000 unsecured floating rate note facility Arranger Underwriter THE DEVELOPMENT BANK OF SINGAPORE LTD Agent Bank Paying Agent ©DBS BANK THE
      58 words
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      Page 22 Advertisements Column 1
      114 22 Ever wonder why some people have more fun in life than others V j- r #Sfe &9tgm -%K3O BmIL I* •I t S1111! <* j*. jfe >v -"V' K T > jtiHr llli v >" #11 y—— '"■—sAit 'Mtan w WM&t M- S *»mp>--Come see and test drive the award-winning
      114 words
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      Page 23 Advertisements Column 1
      174 23 fIH 188 mm' B Bhh ij rooms (Standard, Deluxe, Executive Suite Rooms). SERVICE AND FACILITIES v 'W Golden Executive Sporting Club (sauna, gymnasium, semi in-door swimming pool, jogging v*k wmm \f• Golden Executive Lounge a place that provides b*isy executives the extra private 5 mins drive to Jakarta International Exhibition
      174 words
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      Page 23 Advertisements Column 2
      52 23 USINESS PA 1 K P. t\t "L IN r choice own an exceptional prime property new address along KL's Ambassador Rota. 20-storey Office Tower Block or the 7-storey Shop/Office Complex, Megan Amhassy promises excellent rentals, business profits and impressive capital gains. «■> v. 'Jm| Jw bMRVh 1 •ufcfcng Vprovai So
      52 words
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      Page 26 Advertisements Column 1
      108 26 For real-time stock information, Scall Quickstock on 1900-913-0003 at 30 cents a minute. .il O Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao. ♦The Hongkong and China stock markets were dosed yesterday. Or make your dream a reality with a piece of realty.
      108 words
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      Page 28 Advertisements Column 1
      94 28 k *j A A Movado Service Centre Td: 220 5397 Fax: 220 2994 Hiirv\/A nA VySi -r* THE MOVADO VIZIO: I\III 11/U I A A POST-MODERN PERSPECTIVE ON TIME. Chew Cheong Watch Centre Deluxe Eastern jj I W MowxJo Vizto International Watch M j Soltd stainless steel or stee4/13K Qold.
      94 words
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      Page 29 Advertisements Column 1
      126 29 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
      126 words
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      Page 29 Advertisements Column 2
      14 29 Our auto listings won't steer you to The Straits Times wrong! 2££*.££ bM t£|
      14 words
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      Page 30 Advertisements Column 1
      350 30 BUSINESS Notices M THE MATTER OF THE COMPANIES ACT, CAP. 90 mm AND HAtWH. SINGAPORE PTI LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duty Convened and held at 9th Floor, Kwanghwamun Building, 211 Sejong-Ro, Chongro-Ku, Seoul, Korea 110-050 on the 27tti day of June
      350 words
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      Page 30 Advertisements Column 2
      600 30 IN THE MATTES OF THE COMPANIES ACT, CAP. 50 AND CONCEPT DEVELOPMENT A MANAGEMENT PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE Of FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act. Cap. 30 that a Final Meeting of the Members of the above named Company will
      600 words
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      Page 30 Advertisements Column 3
      143 30 To advertise call toll-free 1800-741 1883 LEGAL lea'l bi UNOMNT akiil tli9 IMF. ka«* yesr RIGHTS! Our hotline offers you a one-stop service to gain quick access to topics you've always wanted to know. Simply call the hotline enter the 6-digit code. You can also get a quick estimate of
      143 words
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      Page 30 Advertisements Column 4
      237 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SANA AV PTE LTD (Memben' Voluntary Winding-Up) At an Extraordinary General Meeting of the Members of SANA AV PTE LTD. duly convened and held at Blk 2 Geylang Serai #01-46 Singapore *****2, on the 27th day
      237 words
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      Page 30 Advertisements Column 5
      128 30 You may have bean unable to get your Businees Times, Straits Times, Sunday Times LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Service section on 1800-*****77, and ask for home or office delivery service. mugged
      128 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      232 31 Bridge News Reuter THERE was little news surfacing in late trade. Brokers said there were few grain cargoes left to cover from the US Gulf and expect trading to be light. TAMPON* Rates in most areas of the market remained unchanged although some areas, such as the Persian
      Bridge News; Reuter  -  232 words
    • Article
      MARITIME STOCKS
      50 31 jjjk=3 i. I rnMlM* 0459 lack 4« MIMW &n -OCT a ZS2Z.—& 38 -1 jjjjy mm tm *h w witiiwj«yn -4*o jg |P85t6£rizZL a* j*»J» 55L__J±__5L MkM«~.U< *0.02 2S3 -an Mt KappMMpvartf UO «M 40 174 -AM WO i,.,.,_S =5 —iM JgJgJJKJJW- .231 aw ima nos Source: BRIDGE
      50 words
    • Article
      Demand for LNG carriers expected to jump: report
      526 31  -  Consumption of natnral gas has almost doubled in past decade By\ Felix Chan [SINGAPORE] Demand for liquefied natural gas (LNG) carriers will increase substantially in the next few years with several gas projects being developed or in the planning stages, according to
      526 words
    • Article, Illustration
      Lock icon Icy resolve
      59 31 V f 4 [LONDON] Robert Swan, who is aboard his ice ship Antarctica, passing by the Tower Bridge. Swan, the only person who has walked to both the North and South Pole, hopes to sail and walk to the South Pole in an attempt to focus international attention
      REUTER  -  59 words
    • Article
      Lock icon Malaysian shipping group to build shipyard
      147 31 Bernama [SHAH ALAM, Malaysia] Halim Mazmin Group, a local Ma-lay-owned company with shipping as its core business, will build a shipyard in Kemaman, in the eastern state of Trengganu on a Joint venture basis Group executive chairman, Datuk Halim Mohammad, said yesterday work onthe
      Bernama  -  147 words
    • Article
      Lock icon India's shipping merger: auditors appointed
      181 31 Bloomberg [BOMBAY] Essar Shipping Ltd and South India Shipping Corp appointed accountants to decide the date and the share exchange ratio for a merger. The merger, approved last week, will form India's third largest shipping company. The two opted to merge "in view of the
      Bloomberg  -  181 words
    • PORT Shots
      • Article
        Lock icon Deadong wins US$184m orders
        83 31 Reuter {SEOUL] South Korea's Daedong Shipbuilding Co Ltd said it had won orders worth U&184 million (S$26lJ million) from two European shipping companfce. A company Js statement said a US|l3omilllon order for four4&oQo>taiii»e chemical carriers w« awarded by Italy's D'Amico and a US$64 million order for
        Reuter  -  83 words
      • Article
        Maersk adds Angola to W Africa service
        74 31 Maersk Line will add calls at Luanda, Angola, to Its Mediterranean/West Africa container service. Starting in August, Luanda win be served bf Matrass Mediterranean service every two weeks. In Europe, the service calls at Maarsk's Mediterranean hub of Algeciras and at Lisbon, Portugal.
        74 words
      • Article
        Lock icon Group warns China about exchange
        124 31 American Shipper [BRUSSELS] The Consultative Shipping Group, a specialised intergovernment body reproeenflng EU countries and Japan, has decided to send a diplomatic "demarche" to Beijing concerning the Shanghai Shipping Exchange. The demarche—or diplomatic representation —was agreed upon by the CSG along with a joint text
        American Shipper  -  124 words
      • Article
        Lock icon Van Ommeren to take India stake
        73 31 Bloomberg (ROTTERDAM] Royal Van Ommeren NV, a Dutch •hipping and logistics company, said it will pay U39&5 million to buy a 50-percent stake in United Storage Tank Terminals, Madras, an Indian tank storage company. Van Ommardb said United, itaelf a unit ofIMC Ltd, Madras,
        Bloomberg  -  73 words
    • Article
      Lock icon OOCL's Japan unit to increase services to other Asian ports
      167 31 Bernama-Kyodo [CHIBA, Japan] The Japanese branch of Hongkong-based Orient Overseas Container Line Ltd (OOCL) said that it will strengthen its regular transport services between Japan and other parts of Asia in August. The shipping company is currently operating regular direct
      Bernama-Kyodo  -  167 words
    • Article, Illustration
      Lock icon It pays for flights to be on time
      970 32  -  US ATRT.TNBS; THE PUNCTUALITY STAKES Airlines find they fare better by ensuring flights are on schedule, rather than waiting for late passengers By) Edwin McDowell NYT THREE Milwau-kee-bound passengers on a stopover in Phoenix got an unpleasant surprise recently after slaking their
      NYT  -  970 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      288 32 PACE uroftam 6 acl n £»wgre«i 6 AMI 3 F#mo i Accord 12 Fl-Bright 6 Appenship 5 tang Sun 12 Astro 3 c L 4 Austral II Gemartrans 13 Avant 6 Genshpg n BSA 7 ClobeKnk 7 Batammdo 7 CokJen 12 B'tangMas 12
      288 words
    • Article
      SHIPPING GUIDE
      14783 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Mvartlaar Vmtl Voyaga Talaphona ETA ETA A*vart1»ar V«m Voyaga TMvWoa SJN Dtstn Niftif Nwnbcf Numtw SIN otlfn Nsfrrt Nwt# Numbtff Numlxr A 03/07 01/01 COSCO SONG HE 0W7 45-22*1*00 09/07 14/07 ANL NOL CRYSTAL 40S 45-27*57*5 To ABIDJAN (ABJI2003 os/w wot dm* uay*
      14,783 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        682 45 VwmI Voy Wo Nrt> ArrfrM Doprturo kmjmJM I J JO) M|M OtOTAMOO Mf. ***** JO) Ma*M MM/MM ><u Mm 1 JM MaM* 040T/Z3M MM MM UN JOZ HlMlHl 0107/Z)00 it lm n mm m ni»n'* jo.o*/*oo M 0Z0*»7 JOI MaM* JO.O*/1ZOO MMZZM S*7 JOI Ma|ri* J0.04/T700 MSar *****7
        682 words
      • Article
        CONTAINER SCHEDULES
        1451 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Booklnq/BiUfKt Rittj SMp Voy Wo Etfc/Btr NW Fron To Frwi taMMd TU OVOJOO JO/BOO W*M WW)0 1 OWM WH OWOO 4 owoo own owoo i* una ovhoo i up *w« im 1 OWOO WW OVMOO 4 OWOO OWM OVTTOO S
        1,451 words
      • Article
        GLOBAL HOLIDAY
        202 45 Ml Canada: Canada Day. Jal2 China Partial market holiday, trading in Shenzhen B shares suspended due to Hong Kong public holiday. Hong Kong Public and Market holiday, day after Hong Kong's return to China. J*l3 Belarus: Republic Day. M 4 Iran (tentative) death of Prophet Mohammad. United States:
        202 words
      • Article
        COCKETT BUNKER MARKET REPORT
        825 45 THIS report, complied 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 averageitxed stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        825 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        379 45 CartM WO MM 992.9 0.5 ai 0.08 75 0.07 Jh 26 OtmKy Meter M*m Ask IHaHha Silnil No abov* E25 3 0 0 0 0 0 rrr- 380*M 9873 03 123 0.07 19 0.02 4 380 Mu 991.8 L0 I7J 0.12 88 0.09 WW! »n %u/u
        379 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Iata hits out at US move to impose new arrival tax
        509 46  -  Govt patting future growth of aviation industry in jeopardy, says association By. Felix Chan [SINGAPORE] The International Air Transport Association (lata) has criticised a move by the US government to raise the international departure tax and impose a new
        509 words
      • Article
        Lock icon Sempati Air to lay off workers
        225 46 Ailinglndon carrier will also cut services in revamp AFP [JAKARTA] Indonesia's Sempati Air will retrench workers and drop several routes as part of the ailing airline's restructuring plans, reports said yesterday. "We have stopped our Taipei and Kuala Lumpur routes as part of the
        AFP  -  225 words
      • Article, Illustration
        Lock icon Safe emergency landing
        38 46 [FRANKFURT] Emergency vehicles surround the Boeing 7470f Air India on a runway of Frankfurt/Main airport on Sunday. A locked landing gear forced the pilot to make an emergency landing. All 183 passengers were unharmed. AFP
        AFP  -  38 words
      • Article
        Lock icon Emirates Group's profit jumps 35%
        266 46 Bloomberg [DUBAI] The Emirates Group, which owns Emirates Airlines, said net profit rose 35 per cent in fiscal 1997, driven by cost-cutting in a period dogged by rising ftiel costs and competition. The company, which also owns Dnata a ground handling agent at Dubai Airport
        Bloomberg  -  266 words
      • Article
        Lock icon Opel cars to go on sale in Philippines from Aug
        80 46 AFX-Asia [MANILA] General Motors will begin selling Opel cars in the domestic market from early August, General Motors Automobiles Philippines president Tom Anllker said. Prices of the Vectra and Omega 4-door sedan and sta- tion wagon series will be announced
        AFX-Asia  -  80 words
      • Article
        Lock icon P&O, Ausdoc picked to buy Aussie govt units
        125 46 Reuter [CANBERRA] The Australian government named Peninsular and Oriental Steam Navigation Co's Australian unit and a joint venture between Ausdoc Group Ltd and a group of civil servants as preferred buyers for two of its administrative services units. P&O Australia Services Pty
        Reuter  -  125 words
      • LOG Book
        • Article
          Lock icon Nod for Eurotunnel extension expected
          75 46 AFP [PARIS] France and Britain are expected to extend Eurotunnel's right to operate the Channel tunnel rail link, its chairman Patrick Ponsolle told the Financial Times in an interview published yesterday. The French and British governments should grant the company the right to operate the
          AFP  -  75 words
        • Article
          Lock icon De Havilland workers accept 3-year deal
          58 46 Bloomberg [TORONTO] Bombardier Inc's 3300 unionised de Havilland workers accepted a new three-year contract in a vote, the Canadian Auto Workers union said. The contract reached less than an hour before a strike deadline yesterday, gives workers a 2.3 per cent wage increase each
          Bloomberg  -  58 words
        • Article
          Lock icon Delta Air seeks nod for code-sharing
          65 46 AFX-Asia [NEW YORK] Delta Air Lines Inc said it has filed an application with the Department of Transportation seeking authority to operate code-share flights with China Southern Airlines between the US and China. China Southern Airlines plans to operate the service between Los Angeles
          AFX-Asia  -  65 words
        • Article
          Lock icon Laker Air to sue BA over Gatwick slots
          50 46 Reuter [LONDON] Laker Airways, the cut-price airline headed by maverick business tycoon Freddy Laker, announced it would sue British Airways over landing and takeoff slots at Gatwick airport, south of London. Laker Airways claims British Airways is violating US antitrust laws. —Reuter
          Reuter  -  50 words
      • Article, Illustration
        Lufthansa ups passenger capacity on S-E Asian routes
        431 46 [SINGAPORE] Germany's Lufthansa boosted passenger capacity by 25 per cent on its South-east Asian routes this year, a clear recognition of the fastest growing aviation region in the world today. "South-east Asia and the Pacific are the fastest growing regions for Lufthansa,"
        431 words
      • Article
        Lock icon GM and union continue talks as strike drags on
        289 46 Reuter [DETROIT] Talks continued over the weekend to resolve a General Motors Corp (GM) pickup truck plant strike, which stretched into its 68th day on Sunday one day longer than a 1970 walkout over g new national contract. "I'm not proud
        Reuter  -  289 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1299 46 cmr FUGHT ETA FLIGHT ETD VWT41 WO WTC40 M6 AMaUt OfBI 1930 0F02 2055 Hat Yal TG407 2105 TG400 0*20 ***** 2220 MW5 2C0 M696 66 AastarOaa S0327 0005 GA892 0030 Ho CM MM VH741 1310 GM30 1210 GA897 1045 KL844 0040 GA039 1705 VN740 M6
        1,299 words
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      Page 31 Advertisements Column 1
      28 31 US airlines It pays In-flights to be on time Airlines And they fare better; by ensuring flights are on schedule, rather than wait for late passengers. Ifcge a
      28 words
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      Page 31 Advertisements Column 2
      321 31 lata hits oat at US move to raise intl departure tax Govt putting future growth of aviation industry in jeopardy. BaokPafi Aircraft maker Boeing has appointed Pat Coulter, as its vice president of communications. He was the former vice president of corporate communications at Bell Atlantic. ■Air New Zealand's Singapore-based
      321 words
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      765 32 TTf T rTMTi nW i 1 if id am 1 IW» COW) |<M»rlUw*CHli>>iMpriWDS- "s?? T a I gg sia u sm rosa 09/0* 12/ M 11/00 14/ M 01/07 I MM Id 141 U/M IS/M M/M ~M/M M/*" 01/17 II nolmax I*/M 19/ M 19/ M 21/00 10/07 OMAIMY ISI
      765 words
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      Page 32 Advertisements Column 2
      411 32 Lines services repraeenled ff#s»V by Members of the Regntry <* Members of Vw \yVaP// Accredited Stvppmg Agents. flliu Singepore Freight roneeidsts' S-pote Neßonsi Shipping Assoc Aseodsflon. lAL Container Line (UK) Limited As Anpnjs M.irme Transport Resources S Pie Lt,l Tel 223 8380 F.ix 223 8387 No empty promises. Just good
      411 words
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      Page 33 Advertisements Column 1
      1113 33 PAORC SOUTH WKT EXPRESS (PWECT) ALSO ACCEPTING KUHAIIS VIA LAX/HOU Ivcsa vor 1 m 1 sara [suetc [lax pal Imm oo I wrc 1«i hou ~mo« Isa AfIIHMLAND 0141 10/Qt B/OO 20/00 11/07 15/07 10/07 U/07 17/17 17/07 14/07 U/07 IU/07 AflHOfOfS 0141 31/0* 02/07 83/07 U/07 23/07 23/17 Q/07
      1,113 words
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      Page 33 Advertisements Column 2
      1407 33 I HANJIN SHIPPING USA CANADA* |ihmh/¥ot Ma m iu m m iwr oo w w wt ww I ■<» wtc oo> tv» m| ra m ra H.SJMHUWCBCOM4I 02/07 M/ 07 M/ 07 24/07 25/07 27/07 27/07 20/07 24/07 20/07 11/07 20/07 20/07 01/00 30/07 M/ 07 10/»7 30/07 20/07 W/07
      1,407 words
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      Page 33 Advertisements Column 3
      103 33 Ai» ORIENT EXPRESS UNES (U.K.) LIMITED ISSJ. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE Vtssa VOT smurou IQMtAY Vtssn VOY KMMAY SWGATOtI MEGHNA 826 07/07 15/07 MEGHNA 825 25/06 06/07 NORDKAP 413 11/07 19/07 NORDKAP 412 29/06 11/07 JUTHA RARICHART 004 13/07 22/07 JUTHA RARICHART 003 02/07 13/07
      103 words
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      Page 34 Advertisements Column 1
      1265 34 <C DSR-SENATOR in Round the World Container Services TOUMCQNTPpNT FROM UK/C^NTINENT «a wrr m mm mn turn nx un um ,mm Iwr um linn law |hm» lan m ImTI ■Bag mm ni7 an zw a n cmoymq oiccess sm rm mm mm km en CMJFOMBA SBMTOB WF7M N. 17 14.17
      1,265 words
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      Page 34 Advertisements Column 2
      722 34 I NORASIA I II vessel voy |«n qoa las bcl val alo rot iWi!»!^F*^L>u IWW SHIGA 9725-3 «Z*7 IMS 17*7 IMI 2M7 3M7 21*7 31*7 24*7 25*7 23*7 I MSC JASMINE 9720-3 11*7 26*7 24*7 2S*7 Ml SS*7 DM I7M 91M KM 31*7 I NOHKEL 1727-3 19*7 IMB 31*7 OM
      722 words
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      Page 34 Advertisements Column 3
      494 34 BpssiuoNuiii Sz TILi MII3II MXt SSIH37 MUAIU MjNWAMH vissa vot no eu vcssa m in n STOM NUAKA SPOKE UN am. turn vi«/»/ io/v mmmmm vm/v m/c; m/w mnoum vi7i/»; is/w u/w tmanr viti/w is/*/ u/o; jnosm vim/w w/i7 a/w jpwspb vi«/»7 n/v a/w MA«arr VIC/97 >4/07 17/17 MtOMT V1«/»7
      494 words
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      Page 35 Advertisements Column 1
      1152 35 VESSEL VOY SIN POU PICO PEN BLW MA I IK MANNABUVAT PJL-1243 12/07/97 14/07/97 23/07/07 28/07/07 MANMEELAD PJL-1238 30/00/07 18/07/07 11/07/07 MAN QMMYAMAT PJL-1238 21/00/07 01/07/07 WAN VABOM PJL-1220 10/08/07 20/06/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN.
      1,152 words
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      Page 35 Advertisements Column 2
      1154 35 MH4HIC I ißi»m» I ~I, M M I SINGAPORE'S GENERAL AGCMTS: 6 SHENTON WAY IE: 22* I*o FAX: *****01 OUTWARD (l/L) *****02 JOHORE OFFICE- <<>»**» SHIPPIIW PH ll* "°/"i 4WMI/4) MMM HTTP/CI 4MS7I! COST/Ut AGENCIES (M) SON BHD _<Rjjftj]7o7Wooooll T/SHHIT PITT *****2S TEL: 02-07-15 ***** FAX: 02-07-*****70 I n/at r»n«
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      Page 35 Advertisements Column 3
      416 35 /LiL IPERKAPALAN DAI ZHUN > jj TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 7K9Cam+fAS7EST TUMBTA MUUtA+tHMUTY BUTH W0 CM MUIH-MMCATtP AffU ***** #1/07 GIGI 0750 04/97 V GMUAT A 5277 #4/07 aa 0750 §4/17 GNCN6 0700 05/07 OHOd
      416 words
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      Page 36 Advertisements Column 1
      1255 36 nsn ROM ANW HB6 TMP ZEE LHV I LHV THP ROM AWK MM P*L UP E. RENARO RW-8M IM7 2M7 38/87 2M7 2M7 IM7 JM7 E MM RE-8M MUM 11M IM> 12M ISM 87/07 E. RMHTRW-Ot 12*7 SIM NM MM MM MM MM IE OIOWINO R£-848 IMI 17M IIM 11*7
      1,255 words
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      Page 36 Advertisements Column 2
      977 36 Import vKsa votmi wMMWOMuinrw vissa votmi out m m mm mm sgp I UNCOMCOB) *****3 M aw IVO7 IWIW IW 14/07 14/07 17/ V UMOttir *****3* 77/04 77/04 73'04 "rO4 07/07 I UNCOIOM *****JW 10*7 R/V WV 71/87 TW 73/07 71/07 74/07 UNOK7WD *****41E 79/ M 71/5 WW 01/ V
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      Page 36 Advertisements Column 3
      413 36 /CZI NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VBSE 1 VOT I fli I HI I Ml I (W mrairnKßs oiss mi m tw mmiouffli wis m ruta wv nm mmifmg oits v/v it/it iyw mm wbs BIS a/» )4/w M/m urn WOfti Pits lt/M ts/w »/M g/W
      413 words
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      Page 37 Advertisements Column 1
      624 37 M MYANMA pßHk' FIVE STAR UNE \T (MywHMr Natiaaal Um) Loodiag for Yaofaa (Raagaaa) wssa vot sin m ni mi MMM M4W $10 wnw Mjw an ■AUTSIA MOTS: OONSTUO SMPPM6 AGENCIES lUL IH 02-03-2417)00 HL TH 02-43-*****01 rat m 01-04-*****0} k* m 01-07-*****11/4 tg| BANK LINE (A unkt M AMnw
      624 words
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      Page 37 Advertisements Column 2
      1207 37 ▲HYUNDAI MERCHANT MARINE CO. lIP. 11 WESTBOUND TO EUROPE BKG: *****32 11 Irani 1 m i a i ml _m ANT I ham m m NYIOrOOO JO4W 04/07 13/07 14/07 14/07 WW 2V07 NTCaOAI 304W 13/07 30/07 31/07 01/00 01/00 01/00 M/ 00 NT OOP 304W 10/07 M/ 00 07/00
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      Page 37 Advertisements Column 3
      473 37 I (j£ FAMOUS CONTAINER UNES _JJjP 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 y HOT UNE: *****33 (30 UNES) Twice Sailing To UNITED KINGDOM gjk -r,' DIRECT SAILING TO SOUTHAMPTON FELIXSTOWE Please call for FAMOUS MOLLY *****33 M i i ii I P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7
      473 words
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      Page 39 Advertisements Column 1
      30 39 To retrieve more schedules, just follow these simple steps... a inter your key in the four hone number digit code fax number To"NCWYORK(MYC)im for calls within Singapore ■H United StBtBS
      30 words
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      412 41 Wsßldy LCL ft FCL fl| |UD|Q3| S*rvic*< to Caribbean ViHipriiia A Canlrol Anwricq API PHUPPWEs] VICHNA 014E 019E Port Country 02/07 09/07 Belire Crty Belize 05/08 12/06 Bridgetown Barbados 06/08 15/08 Cartagena Coiombto 07/06 14/06 Castas S*. Lucia 07/06 14/06 Fort da Franc* Martinique 06/08 15/06 Fr«eport Bahamas 03/06 10/06
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      Page 41 Advertisements Column 2
      1041 41 ADVANCE CONTAINER LINES (PTE) LTD —A P I 140 CwH Street #12-00, PIL Buikflrtg, Singapore *****0 M Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E JAKJUTA (S S»Ht*g*Weel to PAT. 3 SaUtnai to BMT. 2 SaUlngi to ICH) M F A ™V™™S AMD VOY JTI ■rr
      1,041 words
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      Page 41 Advertisements Column 3
      760 41 VESSELS VQY «N JED PSD LEH HAM HTM TVg» S VW-Lf D'ORPN YSCW 02/07 12*07 14*07 23/07 24*07 28/07 27/07 ang VM-LEOEVHA WOW 08*17 18*07 IM>7 27/07 jW7 3P07 31/07 01/06 MLLE OE CAPELLA T2IW 13/07 2MT7 25*07 03/08 ~O4*QB 08/08 07/08 ~QM» VSXEDEUBRA L2IW 30*07 01*08 10/08 11/08 13/08
      760 words
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      Page 42 Advertisements Column 1
      962 42 ■AMOKOH 1 PT KILAHO VESSEL VOY SIN BKK VESSEL VOY SIN PKL BAMBHUM S3N Tua m M Sat 06/07 OCIRU BHUM 7761 Tu. |>n Pt 02/07 SmSAMUT £T~ "o5oT" QURU BHUM 7783 T*u KVO7 Frt 04/07 MATHU BHUM** 337N Wad 02/07 Sat 06/07 [B.MAS ENAM 7517 Frt 04/07 Sun 06/07
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      Page 42 Advertisements Column 2
      510 42 4fj= PUL INTERNATIONAL LINE PUL INTERNATIONAL ♦Mfflli I llg II I Wi-IhHM.MI.II, I I I fcyn JAKARTA (UK 1) 4SISS/WK vst yorTal mi I m ilBSi lw Im rr ln» I IK /<IT IHI I fflgl SuSSCr life I fiw m I u/h Sii Erirl saggar* eitt g B I
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      Page 42 Advertisements Column 3
      741 42 r* ACCORD A SHIPPING PTE LTD TIL *****556 (40 UMM) FAX: *****46 FOKTUAHG ($3) J47 INI iv «l B®BCT ACCCSS Til: *****57 (KXPOCT BOOMNO) MSBMMW (V) SSI IST »***** (EXPOff DOCJ, *****64 (IMPORT) fSMMG i (H) *****41 UBSjMTiP!//WWWJ4CCOeDXOWLSO JAKAtU (71)*****7* VAM foot roi sin row m sin hhtt cta >hi
      741 words
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      Page 42 Advertisements Column 4
      45 42 0 HANGLI SHIPPING HAECT REGULAR SERVICE JAKARTA SURABAYA JMMTA 03/07 04/07 P.JM 17/07 11/07 P.MUMNTM 21/W 22/07 KM SWMHY* 01/C7 03/07 ■WWIIMWM 09/07 06/07 MM nam 14/07 15/07 IMWEHM 20/07 21/17 MMRimi UNITED SHIPPING OfTCAMSATION PT. MDONESIA SHANNON MARfTME CORP. PANAMA TEL: 2279*88 FAX: *****00
      45 words
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      Page 43 Advertisements Column 1
      682 43 SINO IXPRISS SHIPPING 11 COLLYER QUAY *06-01 THE ARCADE fSINOTRANSI >' S (*****7 J.TEL: *****00 FAX: *****98 TLX: R*****1 3INOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VBSa VOYAGC ETA SIN EIA HKG ETA SHA 6000 LUa f716 27/06 02/07 ~~Q6707 NEW HAIHUWG 9704 04/07 09/07 13/07 sooowai I 9718 11/07 16/07 20/07
      682 words
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      Page 43 Advertisements Column 2
      301 43 POMKkfbtfWBU BANGKOK: (MQ2MMB7 SURABAYA: (31) 291 MO ptwaAiigibawaiyy jintgi)www7Mpit»i)<Mo IXPKGTO HONGKON6 lIX PRS TO NISAN EX PKG TO SYDNEY MV "CY EXPRESS" V.726N "EUROPEAN EXP" V.OBN MV "B. KENARI" V.221 ETA PKG 6-7-97 ETA PKG 8-7-97 ETA PKG 6-7-97 I IXg CALL* NIKW/ yiVMN/CHIKYL TIL (03)*****77 BittSEAIiE/SYPNEY/«IEIBOUMii1 AUCKLAND MV "HOI
      301 words
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      Page 43 Advertisements Column 3
      116 43 MflH■■■k I SEACONCGRt 3CVO6 RdnVAtwAJK/Nan I SAMMI FORTUNE OVD7 RdnVAtwAJK/tan I ■SV TRADER IVO7 2GKJ7 NarVßdrrVAtw/UK I MURATKIRAN 2M)7 28/07 NtarVßdm/Atw/BmrVUK I I'LoacfcEVWMataymlndone— I SAMMI FRONTIER I I ESSE™- I I Adan/JaddafVAqaba/Hodaidah I I SEA RESOURCE I *load» Singapore. EVW. Malaya. tnrtonaaia I Loadng for PANOUEEN Lx» Anjalaa/Haw I Norfolk/Camden
      116 words
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      Page 44 Advertisements Column 1
      723 44 Shipping Times -Business Centre 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. "ID Call 740-6000 Press "1" key in Document Code Key in
      723 words
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      130 45 LEGEND: Thundocslocm Tomporatur* c A V Shower Wtothif rV Weid drection with speed m knots #ROin WovahoK*. Cloudy Sky WOV Swfwa «Ml or* indkotad by arrows wfcidi Hy w trti tfca wind 0 On* fUI crcia roprosonts calm or tght ond vonabt* wind* 1 On* half Hocho raprmnlt 5 knot*
      130 words
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