The Business Times, 10 July 1997

Total Pages: 38
1 38 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85t SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, JULY 10,1997
    13 words
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  • 697 1  -  Philippine stocks plunge 4%; peso weakens slightly against US dollar From. Al Labita, Larry Wee PHILIPPINE President Fidel Ramos flatly ruled out a peso devaluation yesterday and blamed "outsiders" and a "media disinformation campaign" for the continuing speculative attacks on the country's
    Source: Dow Jones; Source: Bloomberg  -  697 words
  • 307 1  -  By Ven Sreenivasan [SINGAPORE] Nervousness over regional currencies spilled over into Singapore equities yesterday, sending the benchmark Straits Times Industrials index to a low of 1,971.96 points before it steadied somewhat to close for a net loss of 24.26 points at 1,962.97. Reflecting the jitters
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  • 531 1  -  Merrill says it has settled with half of affected clients From Quak Hiang Whai in Hongkong FORMER Merrill Lynch banker Kevin Wallace has been released on police bail of HK$lOO,OOO (5518,540) in cash and a surety of HK$l million, Hongkong police said yesterday.
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  • 70 1 [SINGAPORE] A view of the causeway that links Tanjung Kupang in Johor, Malaysia, to TuaS in Singapore as seen from the top of the launching truss. The final slab of concrete completing the second link between the two countries was laid on the Malaysian side yesterday.
    SIEW YAW HOONG  -  70 words
  • Page 1 Advertisements
    • 98 1 p ■mi A home in the prestigious District 21 need not command prices of 91,000 pef and above, Pg4 Boki incentives are needed in the budget to boost competitiveness, writes Vlkram Khanna, Pg3 Sky-high COE prices are forcing parallel importers to look beyond Singapore for business, P* 2 Car shoppers
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    • 80 1 KL rates soar after Bank Negara warning, Pg 5 Ten oltwhe higher, Pg 8 The sensation of time 9 CONCORD. Watchmakers Since 1908 SWISS 5 CONCORD VENETO™ unmistakable i -ir $E 4t ft I Roy Eastern Watch The very special place to buy a watch LUCKY PLAZA #01-74 #01-86/88 304
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  • SINGAPORE AT HOME & ABROAD
    • 448 2  -  Wwyn expwrt org across Caaseway to ride on booai, avoid stagnating sales here By\ Christopher Tan STRATOSPHERIC COEs have forced parallel importers to go regional. At least three have started re-exporting cars to Malaysia. "I see no prospects for the
      448 words
    • 309 2  -  By Abdul Hadhi THE Urban Redevelopment Authority (URA) yesterday announced the fourth batch of residential sites in its 1997 land sale programme. The latest batch comprises tj six large land parcels in variI. parts of the island, with a >tal land area of about 1.02
      309 words
    • 309 2  -  EYE ON THE ECONOMY Currency By* Audrey Tan THE recent weakness of the Sing dollar relative to the greenback will help bolster Singapore's competitive position in the near term, says Fraser-AMMB Research. And with inflation at around 1.7 this year and not expected to cross
      Source: Bloomberg  -  309 words
    • 282 2  -  By< Abdul Hadhi THE annual record-breaking trend for property investment sales may end this year, judging by Jones Lang Wootton's (JLW) figures for the first half. JLW data shows investment sales slipping 31 per cent to $4.71 billion in the first half of 1997, from a
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  • Page 2 Advertisements
    • 368 2 j > THE FIRST ONLY i v --4 Specially Over-Printed Very Low Mintage Singapore Ssloo 28-ln-1 Uncut Sheets H The year 1997 marks not only 100 years of currency board in Singapore, but impeccably overprinted with the centenary celebration logo and 30th also the 30th Anniversary of The Board of
      368 words

  • FOCUS: '97 BUDGET
    • 1012 3  -  A different approach to taxes could give sector a boost to meet regional competition By] Bill Lexmond, Chris Kinsella The writers are directors in the Financial Services Tax Group of Coopers Ly brand FINANCIAL institutions here enjoy a relatively advantageous position in relation to
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    • 686 3 Bold and generous Incentives are needed, especially those aimed at the fatnre, writes Yikram Khaima THIS year's government budget arrives at a time when the economy is in the twilight zone between a mild downturn and a recovery. With the latest numbers showing
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  • Page 3 Advertisements
    • 237 3 rn I ifl Ik InK* < Better design. BETTER LOCATION. BETTER ACT NOW. In business, one of the smartest moves you can make is to move your operations to Block B of Alexandra Technopark. Block B follows the resounding success of Block A, encompassing innovative hi-tech H\* facilities unmatched anywhere.
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  • FOCUS: PROPERTY
    • 705 4  -  Some freehold units in District 21, along Upper Bt Timah Road, are going for less than $800 psf By Jenny Lam [SINGAPORE] INVESTORS keen on a freehold and brand new condominium in the prestigious Bukit Timah area have a good crop to pick from in Upper Bukit
      SIEW YAW HOONG  -  705 words
    • 270 4  -  Three commercial projects, home win URA heritage awards By) Diana Oon [SINGAPORE] A private home and three commercial projects were yesterday named as winners of the Urban Redevelopment Authority's Architectural Heritage Awards this year. The most well-known of the four is probably Chijmes, a $100 million project which
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    • 209 4 [SINGAPORE] The owner of Surrey Ville, an eight-unit apartment block in the Newton area, has decided to put the development up for en bloc sale. The four-storey building on Surrey Road sits on a 7,570 sq ft freehold site, and has been designated
      209 words
    • 224 4  -  By] Eugene Low [SINGAPORE] Singapore Land will launch its latest Tampines Finance Park commercial development this Tuesday. The project, eight-storey twin towers called Tampines Plaza I n, is at the junction of Tampines Central 1 and 6 in the financial park, which Sing Land is
      224 words
    • 505 4 %lmd58 to 59) todgedbetwem Jun 8 *97 and Jul 5 97. mm Z Z (SOFT) <sm» 6$) .a Obblctll DweemLOdge Apt *****7 99 1098 730 665 D*eam Lodge Apt aw 99 968 S8 699 Durwern Lodge Apt 3W? 99 968 680 702 Dumam Lodge Apt 3/507 99 968
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  • Page 4 Advertisements
    • 311 4 THE RIVERWALK OFFICE SPACE SALE LEASE Good Investment Opportunity CBD/ Financial District Vicinity River View Ample Parking Lots Expected TOP July 4 97 t Remaining Units Sale Approx. 1000/1300/2500 sq.ft. $1,200 PSF > Remaining Units Lease Approx. 2500/***** sq.ft. 555.80 PSF BP No 3-*****-1996-AAOOI SUNTEC TOWER ONE THE PENTHOUSE FOR
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    • 81 4 nafgWHCTHffiffil Enbloc Apartments/ Residential Site Off Newton Road *ZZZy Strategically located along Surrey Road, A C within an established residential area. S*® Area: 7,570.3 sq ft approx fl /l[ Freehold tenure; plot ratio of 2.8 J ijl Proximity to Orchard Road, good schools, g y vft amenities and Novena MRT
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  • SOUTH-EAST ASIA
    • 398 5  -  KUALA LUMPUR Central bank says it will con tinne defending ringgit against short-term speculators From Meera Tharmaratnam, Larry Wee INTEREST rates rose sharply yesterday, following Bank Negara'J warning that it was prepared to continue defendbig the ringgit against shortterm speculators. "Our financial
      Source: Dow Jones  -  398 words
    • 368 5 CRISIS IM CAMBODIA A i Bfyaamar, Cambodia ami T|f|f nliaJnlA may also be affected Reuter, AFP. [JAKARTA] Indonesian Foreign Minister Ali Alatas said yesterday that Asean had not ruled out the possibility of postponing Cambodia's entry into the seven-member grouping. "If that is the desired
      Reuter,; AFP.  -  368 words
    • 250 5 Airlift a response to requests from stranded S'poreans [SINGAPORE] The Singapore Armed Forces (SAF) airlifted about 450 Singaporeans from the Cambodian capital of Phnom Penh yesterday. A joint statement by the defence and foreign affairs ministries yesterday said the operation was in response to requests
      AFP  -  250 words
    • 337 5  -  JAKARTA Bid to disrupt D 8 presidential polls: Indon minister By\ S N Vasuki A SENIOR Indonesian minister warned yesterday that "certain groups" wishing to overthrow the government would spark riots ahead of next year's presidential elections. Coordinating Minister for Political Affairs
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    • 302 5 HANOI Reuter, AFP VIETNAM yesterday reported steps to bolster the economy, including easier credit, support for rice exporters and quicker licensing for investment projects. The reports appeared on the front page of the official Vietnam News, normally reserved for glowing reports about the
      Reuter,; AFP  -  302 words
    • 430 5 BANGKOK PraMtmnl privileges for free trade me prejects, gems indnstry, mOiUUkns AFP, Reuter THAILAND'S Board of Investment (BOD announced yesterday measures to Improve the ailing economy's export competitiveness and human resources. Promotional 'privileges were approved at a meeting yesterday for free trade soqp projects, the
      AFP,; Reuter  -  430 words
    • 111 5 UJAKARTA AFP [JAKARTA] The Indonesian government announced the tender of 16 toll road projects worth nine trillion rupiah (555.4 billion), a report said yesterday. "Many overseas and local firms have expressed an interest in the projects and they now can obtain the bidding documents for the
      AFP  -  111 words
    • 452 5  -  Fwdfi investments won't ft*?, ke sajs, Him Sea t« brief diplomats today By Harish Mehta [BANGKOK] Foreign investment will not stop flowing into war-torn Cambodia as the coalition alliance will stay intact, a senior Cambodian official representing the coalition government said yesterday. De
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    • 164 5 JAKARTA Reuters, Bloomberg INDONESIA'S central bank governor Sudradjad Djiwandono said yesterday a curb on property loans was needed because a policy of moral suasion had not been effective. The central bank announced on Monday that commercial banks were not allowed to allocate new loans to
      Reuters,; Bloomberg  -  164 words
  • Page 5 Advertisements
    • 435 5 nifSin WiTt Notice lb advertfae oJI ton-free UWO-*****>3 I VVENTURE VENTURE LTD (Incorpomted in the Republic dif Singapore) TO LOAN STOCKHOLDERS PAYMENT OF INTEREST OH $27,200,0ft® fR 111 CI PAL AMOUNT 2 J PER CENT UNSECURED CONVEISriH§E£OAN STOCK DUE 19*9 ("LOAN STOCK Notice of Closure of Books Pursuant to the
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  • Page 6 Advertisements
    • 265 6 '|J a^ H 4 > ~\&u>Xa: ~¥N> a|i^ a B E. ..._*%2j HJI L ,A H '"W 77ie Internet is an important growth area far banks and credit card companies. Trouble is, credit card customers aren't spending far fear their card numbers will be hijacked by hackers. That's why Citibank
      265 words

  • CHINA-HONGKONG-TAIWAN
    • 468 7  -  •HONGKONG GHtiemyawvamaj contravene Basic Law, aid backdating taMylwfflaat frihplpuMtort M Loh Hui Yin fin provisional legislative council has passed a controversial bill which will deport tjVyi pfiiM immigrants who have the theoretical right of abode here. Hie Immigration (Amendment) No 5 Bill
      AFP  -  468 words
    • 272 7 ffIHANGHAI Bloomberg, Reuter CHINA'S central bank will try to upgrade the accuracy of its economic forecasts to improve policy planning, a deputy governor said. The comments come amid oppcern that authorities' IMves to slow inflation and Curb stock speculation have Sghh too
      Bloomberg,; Reuter  -  272 words
    • 366 7 BEIJING 5,431 govt, party officials fraud involved in graft in first Smooths of year Reuter CHINA'S capital has ordered a three-year halt to construction of new office buildings by Beijing municipal and Communist Party organisations in a drive to stamp
      Reuter  -  366 words
    • 262 7 BEIJING AFP (BEIJING] China's economic tsar, Zhu Rongji, has ordered his local officials to stop cutting the official grain purchase price paid to fanners because of surplus supply, Xinhua reported yesterday. "Localities at all levels must publicise the fact
      AFP  -  262 words
  • Page 7 Advertisements
    • 144 7 |ffi wry, aw* l Give your chauffeur to someone less fortunate. a.... iJ^*k The new 3.5-lftre BMW 735iAL and 4.4-litre BMW 740iAL are the features, the only way to experience the thrill epitome of road supremacy. Powered by BMW's new generation is to drive one yourself. Visit Performance HH of
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  • REGION
    • 424 8  -  TOKYO Some economists expect growth in snrplns to moderate, citing stronger yen, slower demand in US By, Anthony Rowley THE yen strengthened anew yesterday, boosted by news that Japan's current account surplus soared by 155 per cent to 906.8 billion yen
      424 words
    • 253 8 CANBERRA Xinhua Bernama THE Australian government's review of industry assistance is expected to recommend that Australia appoint a high-level investment ambassador with authority to offer foreign companies financial incentives to set up business in the country. The review will urge the federal government to adopt a
      Xinhua; Bernama  -  253 words
    • 228 8 SEOUL Reuter CRIPPLED by shortages of energy and raw materials, North Korea's economy shrank for the seventh year in a row in 1996, South Korea's central bank said yesterday. Gross domestic product dropped by a real 3.7 per cent following a 4.6
      Reuter  -  228 words
    • 475 8 WELLINGTON TreMnrer'scMnment that NZ$ could fall farther was like a red rag tea boll: dealers Bloomberg Reuter [WELLINGTON] Comments by Treasurer Winston Peters yesterday sparked a New Zealand dollar sell off. Dealers said the Kiwi was vulnerable to further selling if offshore players "misread"
      Bloomberg; Reuter; REUTER; Source: Bloomberg  -  475 words
    • 36 8 [NEW DELHI] Rickshaws being towed along a tree-lined street on Tuesday in NewDethL The man-powered vehicles were taken into police custody because they were operating without a licence. AFP
      AFP  -  36 words
    • 181 8 TOKYO Reuter TOKYO prosecutors said yes--terday they had indicted former Nomura Securities president Hideo Sakamaki on charges of paying 320 million yen (Ss4 million) to sokaiya racketeer Ryuichi Koike. They said Nomura itself had also been indicted on charges of violating Japan's Securities and
      Reuter  -  181 words
    • 137 8 SYDNEY AFP SUPPORTERS of right-wing MP Pauline Hanson blamed police yesterday after violence again marred the launch of her One Nation Party in Canberra. Two demonstrators were arrested amid scuffles outside the National Press Club on Tuesday night as more than 1,000 protesters
      AFP  -  137 words
    • 711 8  -  can* WITCH per Betting, a nutfor headache's In Helping farmers gat enough cash for their crepe By Lu Ning Beijing ts caught in a classic dilemma: another record 4 summer crop of grain, but one that could actually hurt u I rather
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  • Page 8 Advertisements
    • 147 8 INTRODUCING' °un NEWEST "•".f N Grand Plaza Hotel is pleased to toast the opening of our newest, coolest sensation: Vino's Wine Coffee Bar. Savour the libations of our international wine list. selected from the Bordeaux region in France* to the Rhine Valley of Germany. Whether it's coffee or the relaxing
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  • THE WORLD
    • 435 9 WASHINGTON Sales also up 0.2% in May; but analysts see pick-up in consumer spending soon Bloomberg INVENTORIES of goods at the nation's wholesalers piled up at a subdued pace in May as businesses kept their supplies lean. Sales were sluggish. US wholesale inventories
      Bloomberg  -  435 words
    • 462 9 WASHINGTON Taxes from vibrant economy expected to wipe oat deficit Reuter A VIBRANT US economy has created a tide of tax revenues that could wipe out the government's budget deficit as early as next year, some analysts say, though it might
      Reuter  -  462 words
    • 253 9 ZURICH AFP SWISS banks said on Tuesday they had discovered unclaimed assets worth a total of 17 million Swiss francs (5516.7 million), most of it belonging to Holocaust victims. The man in charge of tracking down the account-holders, Hanspeter Haeni, said 10 million francs
      AFP  -  253 words
    • 347 9 LONDON Reuter LAKSHMI Mittal, one of Britain's wealthiest businessmen who made a fortune out of turning around loss-making steel companies worldwide, is planning a US$2.B billion (Ss4 billion) stock market flotation. Sources close to the issue said yesterday that Indianborn Mr Mittal,
      Reuter  -  347 words
    • 268 9 m Moscow Decree comes amid signs that Russia's finances improving FT THE Kremlin on Tuesday set itself a gargantuan challenge when President Boris Yeltsin signed a decree promising to pay all outstanding wage arrears to the armed forces within two months
      FT  -  268 words
    • 401 9 MADRID Reuter NATO leaders, wrapping up an historic two-day summit, yesterday hailed the alliance's eastward expansion as the dawning of a new era of European peace and security. Nato invited former Cold War foes Poland, Hungary and the Czech Republic to join
      Reuter; REUTER  -  401 words
    • 373 9 ABU DHABI Abu Dhabi Islamic Bank IPO heavily oversubscribed AFP UNITED Arab Emirates (UAE) investors are pumping billions of dollars to grab a share of what aims to be the biggest Islamic bank in the world, dealers said yesterday. The one
      AFP  -  373 words
  • Page 9 Advertisements
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      92 words
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  • EDITORIAL & OPINION
    • 781 10  -  THE BOTTOMLDTE OPINION By Harish Mehta The writer is BT's Bangkok correspond* CAMBODIA has tried its hand at all kinds of political systems Buddhist-socialist monarchy under Sihanouk, the right-wing military Lon Nol dictatorship, the Maoist government of Pol Pot and the communist government under
      781 words
    • 143 10 'I am tired, exhausted and scared and I am having nightmares. They went to one of the rooms and knocked on the door and I ran out, quick, from the hotel.' ivho is hiding from the forces of Second Prime Minister Hun Sen. 4 I am beginning
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    • 623 10 (EDITORIAL THE pieces are finally falling into place for electronic commerce in Singapore. Earlier this week, Prime Minister Goh Chok Tong unveiled major new initiatives to ensure secure transactions over the Internet Now it's up to business to complete the picture. Mr Goh announced on
      623 words
    • 968 10  -  Banks' decision to pull ping on Tokai Kogyo shews finance sector's ability to cope with fkllont By. Anthony Rowley The writer is BTt Tokyo correspondent SOMETIMES what seems to be bad news is good news in disguise and last week's collapse of Japanese
      968 words
    • 844 10 IN LIGHT OF the turn of events in Cambodia, one is almost tempted to believe that misfortune must be a part of that South-east Asian country's destiny. The centre of a great civilisation at a time when Europe was in the Dark Ages, the country later
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  • Page 10 Miscellaneous
    • 26 10 DOOMESBURY By Garry Trudeau mmov.iKßcaeN Wtt| tT&~*\ m'SSZev °<**£o£f* I \si6NeP*\ SSfg? tHCHOBT \^SIAf&X AfCF go— POttT )CU FQHX)&*Ry \a*£N* I r- PONT KB-1 f I
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  • Page 11 Advertisements
    • 283 11 Where to wine, dine and entertain... G 'lme y rL"tfr p efcr^u ays Http:// www.ana-kotels.com Not just seafood either. Visit our Kome page and you can order tonight's dinner from our cyber selection. Browse through the menu, leave us your order and it'll be ready to pick up before you
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    • 234 11 1 It's a Celebration! T Delight the kids with a treat jl this weekead. Mesmerise them with "Hocus Pocus" and spellbind them with a delectable array of •JP mouthwatering dishes. ■Bk <• NONYA BUFFET LUNCH At/f -Y 1 2NOON 2 JOPM A Adult SISOO Child $12 00 VQHfe y HIGH
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    • 118 11 Enjoy Western dishes and Asian Cafe Vienna 'i; v*Open /ram 6am to lam, its papular buffets far lunch, high tea and dinner art among the best™ ■ovai CROWNE PLAZA" IMUNM Ikjd HHy hm G—w Htm F*r rwfMM«. pit** cmU 751 7932 25 Sam M Simpf-r *****0 Tti (65)737 7966 foe
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    • 165 11 Home Decor For peoptewho love their homes *sf V Rang IVIaHal Luncl^Biiffet FEAST ON A WIDE SELECTION OF AUTHENTIC NORTH INDIAN CUISINE ACCOMPANIED BY LIVE ENTERTAINMENT! k Lunch Buffet from 12noon to 2.30pm) Adult S$ 25.00+++ "Child S$ 14.00+++ (below 10) For table reservations, isn& nsten, I please call 737
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    • 117 11 24-hour Coffee House Ist floor The Chicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: 737 4411 Bum You'll find your Lunch, High Tea and Dinner favourites at our temporary Coffee House, Basement, Hotel Phoenix, white we upgrada OaHdout Buffet Lunch, Buffet High Tea and Buffat Dinner
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  • Page 11 Miscellaneous
    • 767 11 TV&RAXMO ton for the sake of his cam %M IndraiyaSingai (F). jii ii i paign, U9 Iniyavai Sila 100 PM TV Innovations. 12.45 AM The Outer Limits 830 Paramapadam 130 The Winners. Out Of Body (See Our TJI Enakkulae Naan. 3.00 Money, Money, Money. Choice). 7M Tamil Seithi News (T).
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    • 159 11 CRYPTIC CROSSWORD 4 Docked, runner 29 Sentimental film, insignifl *-—'—'—'—'—'—'—'—'—HL-J—I—I—I— cant and extremely patchy (5) 10 Act of partners to open cheap TECTQUATS SOLUTION DOWN eating place (9,4) IBy no fluke does one slow the |fljJoiu]«l6lHieiA|oMo|o|oisi boat down (3 6) 16 Hank showing geese m flight laMqM i ■XMslMigWgl 2
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  • EXECUTIVE LIFESTYLE
    • 857 12  -  Models from sporty Merc CLKs to sleek Jaguar XJs will keep shoppers busy, tan CHRISTOPHER TAN IT MAY not be the best timing given the recent car sales doldrums, but an avalanche of new models is going to hit here in the second half of
      857 words
    • 673 12 FILM Mwrt lEfinflfMn iff wui i i€u DeC&QSG 06 8 making a sci-fi movie i:ff„■■ wren ainereuce NYT (LOS ANGELES] Robert Zemeckis is scared. Not scared simply because his new film, Contact, is appearing in the most crowded summer season in movie history. He's especially scared
      NYT; FILE PHOTO  -  673 words
    • BUMPER to BUMPER
      • 86 12 THE Range Rover ranks high among the rich and famous, says a recent US magazine survey. The ninth Robbßtport, surveying readers with average net wrath of US$3.5 million (SIS million), found the British marque ranked "best of the best". It shares the pedestal with die
        86 words
      • 80 12 CAR makers are working on advanced safety system* that are expected to go into production cars by the first decade of the new millennium. Nissan, for one, is looking at a system that alerts the driver to the presence of pedestrians at night Others include a
        80 words
      • 81 12 BMW will bring high fashion to major Asian cities next month, within weeks of the autumn-winter haute couture season in Paris. Called "The BMW Haute Couture Fascination 1997*', it will will feature some of France's 18 houses of haute couture, expected to show current pieces that
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      • 46 12 IT LOOKS like something Bean-san drives. But theToppo Town Bee is actually as un-British as, uh, Hongkong. Ifs the latest Mitsubishi Cyck Carriage has brought in this year, following models such as the Lancer, Lanosr Evolution, Lancer Mivec, Galant, Sigma, and Pa)ero MinL
        46 words
      • 86 12  -  Christopher Tan FOUR Beemers were offered as hole-in-one prises at &e Just-concluded Performance Motors Ultimate Challenga, but no one walked away with one. The Diviaion A winner was Ang Chin Du. a 12-handicapper who had a gross soon of 7S. Businessman Lim Chong. a lft-hanriicapper took the
        86 words
  • Page 12 Advertisements
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  • COMPANIES & MARKETS
    • 503 13  -  Hongkong's Dickson Concepts also courting ailing US retailer with USs24om bid By Ang Wan May [SINGAPORE] Retail and leisure mogul Ong Beng Seng is weighing a bid for Barney's Inc, the US luxury retailer now in financial distress. Other high profile retailers are also
      FILE PHOTO  -  503 words
    • 482 13 Analyst believes govt wants to make Sri Dhana deal a model AFP [BANGKOK] Thai authorities may bend the rules on new banking licences to help Singapore's DBS Bank bid for a majority stake in a troubled Thai finance firm, a local analyst said
      AFP  -  482 words
    • 741 13  -  HOCK LOCK SIEW Andrew Marks WHEN Wall Street broke for the long Fourth of July weekend, the traditional pause between the first and second halves of the investing year, the market found itself in a rather strange situation: Wall Street's bears were
      741 words
    • 333 13  -  Failed firm was joint venture with Japan's Funai Electric Co By< Abdul Hadhi [SINGAPORE! The inventory of wound-up television maker Funai Electric (Singapore) (FES) is to be auctioned off next week. FES, which went into receivership a few months back, was a joint-venture
      333 words
    • 286 13 [SINGAPORE] The annual report award (ARA) competition was launched yesterday, with its organisers putting the focus on Sesdaq-listed companies this year. The competition, in its 24th year, aims to encourage higher standards of corporate disclosure and transparency of information among
      286 words
    • COMPANIES
      • 209 14 JSINGAPORE] Punters who phased QAF Ltd's share price BP in the past few days may be Rewarded with a positive announcement soon. > The food group yesterday said trading in its shares will ,be suspended today "pending an announcement to be made in due
        209 words
      • 594 14 Uncertainty over recovery from overseas expansion which causes first loss Bloomberg fTOKYO] Yaohan Japan Corp Shares fell to a record low on uncertainty about whether the Japanese operator of supermarkets and department $tores will recover from an overseas expansion that caused it
        Bloomberg; FILE PHOTO  -  594 words
      • 377 14 M'si&'s exchange for high-tech, growth firms taking shape AFP, Reuter tKUALA LUMPUR] The Kuala Lumpur Stock Exchange said yesterday it would reduce the settlement period for transactions from seven days to five days from Aug 18. This
        AFP,; Reuter  -  377 words
      • 401 14 MEGA LOAM DEALS Bank accounts for 15% or USs67.sm of package offered by consortium [SINGAPORE] DBS Bank announced yesterday it is part of a winning consortium to finance a US$45O million (***** million) aircraft purchasing deal by China's largest airline, China
        401 words
      • 388 14 Bloomberg, Reuter [KUALA LUMPUR] Petroliam Nasional Bhd, Malaysia's state oil company, said it may borrow US$l.5 billion (552.15 billion) next year, potentially swelling its US$7 billion outstanding debt by a fifth. Petronas needs the money to pay for a string of petrochemical plants
        Bloomberg,; Reuter  -  388 words
      • 295 14 Bloomberg [SUNNYVALE, California] Advanced Micro Devices Inc on Tuesday reported lower-than-expected second-quarter earnings due to pricing pressure from rival Intel Corp, slower sales of older products and manufacturing delays. The chipmaker's net income was U559.97 million (5514.3 million), or 7 US cents a share,
        Bloomberg  -  295 words
      • 241 14 Reuter [PURCHASE, New York] International Paper Co's move on Tuesday to slash its workforce, close struggling operations and sell off US$l billion (551.43 billion) in assets was hailed by Wall Street as long overdue. The world's largest paper company said it will
        Reuter  -  241 words
      • COMPANY Briefs
        • 21 14 [SINGAPORE] Causeway Investment has changed its name to Ace Dynamics Ltd with effect from June 30.
          21 words
        • 55 14 [SINGAPORE] Pan United Corporation has bought another container vessel, the Nantai Princess, through its wholly-owned subsidiary, Casprica Pte Ltd. Built in 1965, the 16,000 deadweight ton (dwt) vessel was delivered this month. It is currently flying the Singapore flag. The group's fleet now has a
          55 words
        • 48 14 [SINGAPORE] Pokka Corporation has ended its 1995 distribution agreement with Labatt Breweries International (Labatt), for the distribution of "Labatt Ice" and "Labatt Blue" beer in Singapore. The termination is not expected to affect Pokka's net assets and profits for the current financial year.
          48 words
        • 61 14 [SINGAPORE] GPE Industries associate LTK Wiring Company (LTK) has a newly formed joint venture in Shanghai, China, to make and supply electronic wires and cables and related products to domestic and overseas markets. Shanghai LTK Electronic Cables Ltd has an initial registered capital of US$2
          61 words
      • 367 14 Plan for big investors to post reports on holding on the Net Bloomberg (WASHINGTON! The Securities and Exchange Commission proposed a technical rule change that will require Warren Buffett and other big investors to post quarterly reports of their stock holdings on the
        Bloomberg  -  367 words
      • 293 14 Reuter [SCHAUMBURG, Illinois] Motorola on Tuesday said sales grew 10 per cent for the second quarter, but the technology giant's profits were hurt, as expected, by a US$l7O million (***** million) charge for phasing out its struggling memory chip business. The company also
        Reuter  -  293 words
    • FINANCE & COMMODITIES
      • 242 16 Bloomberg [NEW YORK] Non-invest-ment-grade bonds backed by commercial mortgages have outperformed all other US bond classes this year, and turned a bad situation into a good one for Nomura Securities International Inc. Investors are gobbling up low-rated commercial mort-gage-backed securities because they read the
        Bloomberg  -  242 words
      • 415 16 B«t analysts say DBI McGraw Hill's risk review overstates for world economy Reuter [NEW YORK] China's troubled banking sector represents one of the most serious threats to global market stability, economic forecasting firm DRI McGraw Hill said on Tuesday. China's banking problem
        Reuter  -  415 words
      • 140 16 Reuter [CHICAGO] First Chicago Corp, the eighth largest bank holding company in the US, said on Tuesday that it Joined forces with Hartford Financial Services Group Inc to provide personal auto and homeowners insurance coverage to retail banking and credit card customers. First Chicago
        Reuter  -  140 words
      • 266 16 SIMM Report Reuter [SINGAPORE] The yen's resilience and losses in Tokyo stocks boosted Slmex Euroyen and Japanese government bond (JGB) futures yesterday and dealers said that the market showed a firm bias amid signs of continued economic weakness. "Euroyen rose on some hedge buying
        Reuter  -  266 words
      • 171 16  -  MSCI TAIWAN FUTURES By Ric Trotta Ric Trotta, Floor Manager, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures contract ended stronger yesterday in tandem with the cash index. The cash index closed at 9,362.7, up 57.4 points. The July contract
        171 words
      • 206 16 ENERGY REPORT Reuter [LONDON] Oil prices slipped yesterday as Baghdad took a step nearer resuming limited crude exports. Late on Tuesday, Iraq gave the United Nations a preliminary draft of its food procurement and distribution plan, essential for the resumption of crude
        Reuter  -  206 words
      • 279 16 Reuter TH?"uS dollar was steady against the yen, shrugging off a sharp rise in Japan's current account surplus which came in largely in line with analysts' expectations. Dollar/mark was firm though off an overnight fresh 41-month high above 1.76 marks, underpinned by sterling's strength against the mark and
        Reuter  -  279 words
      • Article, Illustration
        99 16 Jul 09 IHtoflBMMI IVHl 19 ft Vk IAT» Jul 09 gr .3 r Rates quoted by Exco AP Singapore *pm.Juio9 Source: OCBC RATB8 JiU 09 Rates quoted by Exco AP Singapore POUXOV OUIIIROT MOTB KATB8 Source: Republic National Bank of New York ASIA MOMHY MARDT DTDICBS Jul w If asssislsll
        99 words
    • 1346 17 MOOMrOTPEBS Jul 09 ■an (Mmw Mh m M 130m} oo« Mm* Mgl Uw »tt (tlMIl) Irtwt tm117 ***** 092S 8125 <90 MS Sm 97 134.00 1745 Oct 97 MtOO M0.75 140.75 150 1600 Nov 97 143.00 (42.25 142.25 B0 *00 OK 97 M400 144.00 ***** 100 «50 m»
      1,346 words
    • 1942 17 j—i mimmmmm M9 hw *f31 Group 502.400 AOO AB Ports 247.400 2.600 Abboy National 862.200 ****** ktMDonwcq 434 -5.400 Ajimc *1 -.400 Aid* Group 140 2.600 BATM 543 -6 BG PIC 225 -3.400 MCC >74 *1 BOC Group 1034.400 -15 MPotrotaum 781 -2 rr* 197 4 Bank
      1,942 words
    • 1567 17 AFP Q Nikkei 22S -M7l SHARE prices feU on the Tokyo Stock Exchange yesterday on selling by foreign investors and insurers coupled with futures-led declines, brokers said. "Foreign investors maintained their sell positions, which started last week," a broker with Kokusai Securities said. The 225-issue Nikkei Stock Average dropped
      AFP  -  1,567 words
    • Article, Illustration
      1585 18 Bloomberg Q—-88.44 STOCKS fell yesterday as stocks of China-backed companies posted their biggest declines in a month. China Resources and Cosco Pacific led a retreat in mainlandbacked firms or "red chips". Speculation that they won't be added to the Hang Seng Index and are being probed by mainland officials
      Bloomberg  -  1,585 words
    • Article, Illustration
      602 18 Bloomberg SHENZHEN stocks closed lower yesterday as investors fretted that the government's effort to curb speculation and trading abuses will hurt prices. New rules may be published this week that will curtail institutional investment, traders said. "People don't want their money tied up in stocks," said a trader. "There's
      Bloomberg; Source: Credit Lyonnsis Securities(Asia) Ltd  -  602 words
    • 333 18 AFP QWPbfax *07.41 INVESTORS rushed to buy electrical issues yesterday, sending the key index up 0.6 per cent, brokers said. "Heartened by yesterday's big purchases of electricals by local fund managers, many participants joined in the fray," said a trader. As most investors focused on the electrical sector, the
      AFP  -  333 words
    • 241 18 Bloomberg PWeflmgtoa *I*o SHARE prices rose yesterday, after a strong growth by paper and forest stocks. The NZSE Top 40-share Index rose 14.96 points to close at 2,522.30. Trading was valued at NZ$72 million.—Bloomberg jrt m rmm ANZBaMUf* W.SO uncfi ***** Advantages HM* LOS -0.02 I7S00 Atr Htm Zaaland
      Bloomberg  -  241 words
    • Article, Illustration
      805 18 AFP HSETMa +2L58 SHARE prices jumped 3.5 per cent yesterday on reports that the central bank would allow selected banks and finance firms a longer period to comply with new bad debt provisioning rules. Foreign buyers returned to buy blue chips, as the extension of the period improved sentiment.
      AFP  -  805 words
    • 389 18 AFP PjC—wtohic +4JS SHARE prices inched up 0.6 per cent yesterday in thin trading on a technical rebound led by second liners after three days of falls. Last-minute foreign buying of some large-capitalisa-tion shares added to the upward momentum of the index, dealers said. The Composite Index rose 4.25
      AFP  -  389 words
    • 537 18 AFP *iu SHARE iH-ices gained 0.6 per cent yesterday thanks to a slight rebound in the gold sector and a strong performance on Wall Street The All Ordinaries Index gained 16.9 points to 2,696.1. Turnover was 411.8 million shares worth A 11.03 billion. Market leader BHP gained 10 cents
      AFP  -  537 words
    • Article, Illustration
      707 18 AFP OHnposte Index jm STOCKS closed lower yesterday on late profit-taking led by cigarette stocks, with investors concerned over the volatility in regional currencies. "We are happy with this correction. This is something that we expected following recent strong rallies," a dealer said. "I attribute this correction to investor
      AFP  -  707 words
    • 262 18 AFP □iumu -MM< SHARE prices plunged 4.1 per cent yesterday amid concern over the Central Bank of the Philippines' ability to defend the peso from speculators. "People are worried the central bank may soon run out of ammunition to defend the peso," said an analyst. The PSE Composite Index
      AFP  -  262 words
    • KUALA LUMPUR STOCK MARKET
      • 274 19 AFX-Asia DOonpoatehte -HJ3 SHARE prices closed sharply lower yesterday on program selling by foreign funds, extending losses on a number of domestic and regional concerns. Dealers said Bank Negara's continuous intervention in the forex market to defend the ringgit arising from regional developments and
        AFX-Asia  -  274 words
      • 7580 19 Cmmmmr pritirti 1997 teat Vet On net Cep ug cmn mi 'ooo w» u» ph 7M 950 AJkomota 940 unch 8 560 550 310 227.0 440 293 Anqkese 302 -4 33 310 302 *0 44X3 90S 410 ApekeFeodHIg 450 -B 34 660 650 240.0 42* B9 SrteveM-Z 302 3 *****
        7,580 words
    • WARRANTS & OPTIONS
      • 212 20  -  WARRANT WATCH By Ven Sreenivasan THE latest figures from the US showing that global semiconductor sales had risen 1.6 per cent to US$ll.l billion (5515.8 billion) in May provides further evidence of a strengthening of the global electronics market. This is the first rise in
        212 words
      • 3179 20 ~o T L«*t V94 0«Y L«l Ml* Lot Stno --|--]f Ml *or- rOOOl HM> L— 68 443m 3000 mAM08C53H*****6 4*. I J 67 415 3160 *Ae«r W*****1 US$ J S" 52 ?4 75 73 131 TO 3164 Acm* W*****4 T 39 7 74 74 75 12 S3 26 3161 AITadlWOMMOT
        3,179 words
    • 1602 20 M7 LMt Vol D* U-»0««. ON Lw X— CT Ml rOOO> W0 tw> W" P* W 478 2M mi 5000 AiS8S0c 288 -9 "7 2S8 2«7 2* SO 5! *5 5?j 2J2 137 89 mt 9001 AM0890C 8SJ -15 489 88 85 85 86 43 53 13 262
      1,602 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1244 21 TUtHOVC* COOO) VAimf80» iMfcI at T«H cn> tndustr* 76,408 21.441 »T>» T78.W8 BUM rkvmc* 8,280 3,143 11,4*3 77,573 5320 UJJJ SSSrttoi SOT. Jg *717 ***** 4.44. nwg 5?" Ts 3 J J| Total K>4(073 38,115 142.188 332.879 6l«» 3Hm sesoao w.w* MAIN CUI Wtt M» >» Iff MustrUt 35 124
        1,244 words
      • 4155 21 Gr Or M «t l.,, V* Day Last Ouata 0* W» YM £j A», HI*. Law StNo Company Sale *h OOO) Mt» Law —yar »—> industrials 5146 ASE NT$10 200 US- III*"- 883 885 885 1275 ASF US1C100 u f®5? M 169 J OM 4.9 1.0 12.5 281.4
        4,155 words
      • 1026 21 Or Or mm IMT Last Vat Day Last Qmta Mr 01* VM Nat Cap Ml L— mm C—my tan rooot Lp» —yr «aMaf Cw Wl Plica ii in ir Iin—i hi ii i—~ft luff" MMIB— IntatfTr—" WTldWil r <"nil "tf'1 i' i tM 7* 2000 AM Htaas 9c 104
        1,026 words
      • Article, Illustration
        73 22  -  if Ven Sreenivasan FLEXTECH, which has been surging on the back of a electronics stocks rally, rose 10 cents to ft. 70 yesterday. The recent run-up has pushed the stock deep into overbought territory on both the weekly and monthly RSIs. Although the current momentum could further boost
        73 words
      • 204 22 Mtdm W— Tianjin Zhong 7,839,000 •Berjayalni 4.744,000 Popular 10c 4,567,000 Aztech 5c 4.309,000 •Muiptu R 3,686,000 IMC 3.543.000 Dataptfse 5c 3,212,000 Tyo Soon 10c 2.989,000 NatSteei 50c 2,818,000 H«lnW99 2.444.000 8>0d» t 0C8C Foreign 29,704,842 City Dov 50c 20,958,775 DBS Foreign 20,410.410 SIA Foreign 17.524.679 SPM Foreign 16,962.385 Spore Land
        204 words
      • 600 22  -  STOCK MARKET COMMENTARY The local bourse is also weighed down by a wave of selling as many players decide to lock in profit after three straight days of gains By Ven Sreenivasan [SINGAPORE] The stock market here was hit by a case of
        600 words
      • ON THE GRAPEVINE
        • 104 22 LOOKS like risk managers are not the only ones who are sought after these days in the financial sector. Despite some troubled waters, it looks like full steam ahead for the good ship Merrill Lynch. They're still signing on new crew, and its research department has
          104 words
        • 74 22 THIS is not a beginner's guide to word factorisation. But it seems that the research people at ING Barings are br-ing-ing in quite a few regional bigshots for a two-day Asian telecoms and media pow wow in early September at the Oriental HoteL We hear there'll be expert speakers
          74 words
        • 177 22 YOU might have heard postmen boast about how they'll always get the mail delivered, come rain, hail, sleet or snow. A colleague learnt that this is no empty boast, after a partially burnt letter in a plastic bag arrived in his mailbox yesterday. That little piece of good
          177 words
        • 119 22 AN ENGINEER may nota savvy manager make. For those who want to make the crossover, help is athand, on Oct 1 Hurt's when a seminar will address "Management Problems of the Technical Person in a Leadership Role". The event promises to teach you to "balance technical, administrative
          119 words
        • 80 22 PREMIERE 12 seems hazy about the concept of what it means to be eliminated fros Wimbledon. In last week's dramatic promo for their live coverage of the men's singles finals, they tried to answer the question: "Who will be the next champion?". But a viewer pointad out that they
          80 words
  • Page 13 Advertisements
    • 216 13 What better way to celebrate a great week than Sunday Brunch at TL~ Cafe-in-The-Part? Enjoy the finest hrunch and service at only $28* per adult (only $14* for the kids). Then toast your good fortune with Gold Sekt Ckampagne, each glass glittering with real flakes of 24 carat gold. Yet
      216 words


  • Page 15 Advertisements
    • 573 15 /JJi Urban I (LDI Redevelopment I \l?l Authority I FOR RESIDENTIAL DEVELOPMENTS I Sembawang Grove How Sun R I I Land Panel A Land Parcel B I I .Slated for either a condominium or mixed landed housing development Slated for either a condominium or mixed landed housing development I I
      573 words

  • Page 16 Advertisements
    • 223 16 r This announcement appears as a matter of record only Takefuji Corporation Tranche 1 US$ 197,000,000 JP¥ 16,450,000,000 Tranche 2 US$ 110,000,000 Transferable Loan Certificate Facility Arranger LONDON FORFAITING ASIA PACIFIC LTD. Co-Arrangers Tranche 1 ING Barings Lloyds Bank Pic, Tokyo Branch BW Bank Ireland pic Baden-Wiirttembergische Bank Group Royal
      223 words


  • Page 18 Advertisements
    • 66 18 M if J I ll IHI ta tiL&M I faMti 'l| j! til Specialist Business Furniture, the fastest B I —Ml I "I ■feJi'Bß I I jv. gI y f\\\ J'; jL growing trading room furniture supplier. I i KBS m|^yL— jjgj Whatever your requirement we can help 1 AL
      66 words


  • Page 20 Advertisements
    • 67 20 Find Out How You Can Get A Credit Line Of Up To $300,000* fo^ aMo,, #n With Hong Leong Finance Singapore Finance's i iBHBB t I<^H5 Name: sfY Plus MH >.'.'.'(oi; i .1 nr»r riu a y/«r Return this coupon U): HONG LEONQ FINANCE SINGAPORE FINANCE IoM |MlM ,cm* I
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  • Page 22 Advertisements
    • 1247 22 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES BUSINESS Notices To advertise call toll-free 1800-741 1883 POKKAr) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of the Company will be held at 39 Quality Road, Singapore *****0 on 25th July 1997
      1,247 words

  • SHIPPING TIMES
    • 273 23 Bridge News Reuter LOUIS DreyfUs was reported as fixing in tonnage on the key US Gulf to Japan grain run at US U5524.25 without combination porta for prompt shipment, up 75 cents on the last done. Physical market shows no respite, with unconfirmed rumors of U5524.25 without combination
      Bridge News; Reuter  -  273 words
    • 67 23 7'J. 111 w I I IStt**irzziti5| <3 MO a V r, .w. -*—sl SaB™® *2 J MMUNmmmIQJO 90 Sfer-5 a! 5 Igwwtuwwy -—ftg *«g» VtaMrtMtor ObM *02M W4M >f IW^ Ml M| W 4«J -O.t 40M BaSkl Ti w iwirtiiiiwr w Ji ST UMUM KMmi 229 -2 Ml
      67 words
    • 356 23  -  Blah Bow Tan to introduce Bill in Parliament daring Budget session By' Yong Mei Fong [SINGAPORE] The Bill to dissolve the Port of Singapore Authority (PSA) as a statutory board, which will pave the way for its corporatisation, will be introduced in
      356 words
    • 341 23  -  Aim is to stimulate trade in East Asean Growth Area From. Alec Almazan in Manila PHILIPPINE President Fidel Ramos has approved the lowering of port charges for vessels plying the East Asean Growth Area (Eaga) zone in a move to stimulate
      341 words
    • 121 23 Xinhua [SHENZHEN] The Shenzhen Yantian Port Joint Stock Company yesterday issued 125 million A-shares on the Shenzhen Stock Exchange. The shares were priced at 5.31 yuan per unit. The 648 million yuan (*****.4 million) raised will be used to build a container transport centre, purchase
      Xinhua  -  121 words
    • 667 23  -  SBVSUPE By' Yong Mei Fong MASAHARA IKUTA Is known in the Industry as one who Is not afraid to speak his mind. You can ask him anything, says one of his managers as he leads the way into the meeting room
      CHRIS LOH  -  667 words
    • 86 23 [ATLANTIC OCEAN OFF MARBLEHEAD, Massachusetts] The USS Constitution, nicknamed 'Old Ironsides', setting sail at sea for the first time in 116 years as it sails the Atlantic Ocean tethered to a trailing tugboat in sea trials off the coast of Marblehead, Massachusetts. The oldest
      REUTER  -  86 words
    • 129 23 American Shipper [ROTTERDAM] A specialist information bureau has been set up in the Netherlands to promote the use of short-sea shipping as a viable alternative to congested motor transport. The Dutch Ministry of Transport set up a bureau, Voorlichtingsbureau Shortsea Shipping, last
      American Shipper  -  129 words
    • 327 23 USs46m offer to conserve land near TSrrn Valdez oil spill Journal of Commerce [ANCHORAGE] A US$45 mil. lion (***** million) chunk of the Exxon Valdez oil spill settlement money will be used to buy *****.0 hanear Cordova from the
      Journal of Commerce  -  327 words
    • 989 24  -  mTHHWATIOMftIr POSTS: PRODUCTIVITY COUNTS a! study on port throughput has found Asian ports use land, facilities and labour much more efficiently than US ports a/1 Bill Mongelluzzo Journal of Commerce COMPARING the productivity of Asian ports with that of US ports is no comparison at all.
      Journal of Commerce; FILE PHOTOS  -  989 words
    • 261 24 PAGE Eurohans 6 n E f 9 re n 6 .AMI 3 F#mous ft Accord 12 n."*** c FoonqSun 12 ST* < Austral n Avant 6 Gwshw S rukAiMk p.. H uKWflini I Gotten 12 "ZZ GoanGuan U b tang ms u tt
      261 words
    • 14712 30 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA AdvwtMar Vo*a* TaMphona ETA ETA Adv«ti~ Vassal Voy*a SB4 PttTw Hot* Nut *g*g WW WW Clan S A NORDSUNO V.1702/MA V.I70SB 45-5*7*1* To BUENOS AIRES (BUE) 2060 lb ABU DHABI/ ST JOHNS (AUH) 2004 Argentina United Arab Emirates w w/#t cosco lucky river
      14,712 words
    • SHIPS IN PORT
      • 651 37 Vtssd Voy No Borth Airlvil Dtprturo Bt JM 2 0#797 N J01 akvqsid* 10.07/0700 ECKMImk UC42 J22 Hoop* Foi 28 *****7 JI3 jlonqs«J« #07/1800 iMdtrftory 9701 J02 01/97 J23 5flR£ RuttaWxmiiuj 13 JV4 alongside 12.07/2300 San iu, «/97 J03 alongside 10.07/0600 Snovbrd 9701 J0« atoned* 2„J£2X Tikxaji *001
        651 words
      • 1736 37 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Booking/Bilanct Rstls SMp Yoy Mo Etb/Btr Ptriod Frew To From Abw4 TOM H/1230 09/H00 09/1459 09/1900 a WA700 n/0459 n/0900 i n/o7oo n/iw m/moo 4 tt/1200 n/M59 *0/1700 Acx 09u 12/1500 i 09«00 09/W9 "owhoo a 09/1700 10/0459 10/0*00 i
        1,736 words
      • 201 37 Jul 14 France: National Day. United States: Independence Day. MIS Brunei: H.M. The Sultan's Birthday. Jolll Bahrain. Kuwait, Oman, United Arab Emirates: (tentative) Moslem Prophet's birthday (dependent on sighting of the moon). •I*ll7 Brunei: Maulud Rasul. Indonesia Birthday of Prophet Mohammed. Malaysia Brithday of Prophet Mohammed. Egypt, Lebanon,
        201 words
      • 902 37 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehen sive description of the market. Prices shown are baaed on averagesized stem Market movements are indicat ed. The Cockett Bunker Price Index change and
        902 words
      • 374 37 Carton MO Ma 992.9 0.5 at O.Ot 75 0.07 M) Dvnsrty Hater Ret «ue As* UmMm Sa«t—t Mo at>ow £25 3 0 0 0 0 0 300 Aw 907.2 02 12.5 0.06 <0 0.02 Lw 300 Mu 9»U 0.9 17 J 0.12 0.09 M/w» %*/v %llg
        374 words
    • AIR & LAND TRANSPORT NEWS
      • 599 38  -  One in five of carrier's planes grounded; Heathrow hnb faces huge disruption By Felix Chan [SINGAPORE] The debilitating cabin crew strike which had left thousands of passengers stranded will not affect flights on the London-Singa-pore-Perth route, British Airways (BA) said. The airline said
        599 words
      • 352 38  -  British carrier to continue to operate independently By' Yong Mei Fong [SINGAPORE] Dutch carrier KLM has launched a full acquisition of Air UK, the second largest airline in the United Kingdom. KLM, which already holds a 45 per cent stake in Air UK,
        352 words
      • 182 38 AFP [SEOUL] More than 10,000 workers at South Korea's Daewoo Motor Co downed tools yesterday over pay demands, and threatened to prolong the strike until management met their terms. A union official at the country's second largest car maker said workers, who have
        AFP; REUTER  -  182 words
      • 408 38 Reuter [TOKYO] Japan's muchawaited discount airline says It hopes to create some competitive turbulence for the country's notoriously protected domestic airline industry. Skymark Airlines Co Ltd, set up by leading Japanese discount airline ticket seller HIS Co Ltd, will offer services
        Reuter  -  408 words
      • 122 38 AFP [BEIJING] A major tunnel on the Sichuan-Tibet highway has collapsed, killing five construction workers with seven others unaccounted for, state radio said Tuesday. The Erlangshan tunnel, a state-level project designed to Improve road links between inland China and Tibet, collapsed in two places in
        AFP  -  122 words
      • 82 38 [PHNOM PENH] Employees of Royal Air Cambodge, the national airline, walking among the rubble left by fighting and looting at Pochentong Airport, Cambodia's only international airport, during the previous days. The airport has been closed since Saturday afternoon due to the clashes between troops loyal to the
        AFP  -  82 words
      • 412 38  -  Northwest Air official warns of overcapacity as economic growth slows down From Marcus Hand in Minneapolis ASIAN airlines with their aggressive expansion plans should learn from the experience of American carriers who suffered badly in the late 80s and early 90s. Michael
        412 words
      • 157 38 Bernama-Kyodo [PORTLAND] Japan and the US began informal high-level aviation talks yesterday, with the Japanese side set to table a new proposal in a bid to encourage the US to drop its demand for an open skies pact. On the first day of
        Bernama-Kyodo  -  157 words
      • 1309 38 CITY ntOHT ETA nJOHT_CTO rMM liti'f- 0f81 1930 Of82 2055 S09W 1705 SOWQ _0W5_ j $0229 2220 Owava $*7034 1730 j_ Amstartan U843 0455 KL838 2300 0mn«2Iim $0803 1905 $0804 1020 0L25 0655 0126 2355 C2353 2045 J_ S025 0655 S026 2355 HmI~ VN74I 1310 V*740
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  • Page 23 Advertisements
    • 18 23 Intl ports: Asians are containers alwwil Asian ports use land, facilities and labour much more efficiently. Page a
      18 words
    • 83 23 BA strike will not affect London-STpore-Perth route One in Ave of carrier's planes grounded; Heathrow faces huge disruption. BaekFAg* Klang, Periang, Hong Kong pa l A First-Class licensed customs broker, we have altogether 60 opefational W| I offices In China to serve your requirements. We provide: ftflC V s* |i
      83 words

  • Page 24 Advertisements
    • 645 24 jtMVAHXW ffWdECT^ VOT «|DW|MH IM COI SW NOtOKON S4WSM l*/0* 10/5 io/oT" ~13/0* 10/07 MSTIUmBI IK 17/* 10/ i* 30/0* 04/07 »/07 OCSAPIAOIAT OOWSIS 23/0* M/M I*/* 30/0* 17/17 BMMMBMT 1* 04/07 00/07 17/17 11/17 17/07 22/07 11)1—■■■■III MWSM 30/ M 83/17 02/07 *7/07 14/17 1* »/07 13/07 U/07 10/07
      645 words
    • 653 24 Unas services representee by Members of the Registry of Accredited Shipping Agents. S'por® National Shipping Asso Members of the Singapore Freight Forwarders' Association PioneerS^vice Seoul B EXPORT 3 x Japan -2 Hongkong -1 Monio -1 Koothiung, lUaiung (Accepting FCL to IKK/NAHA/SINDAI/CEBU/101 yam. VOf Wtt P— JKT |W \VNL HKO KAO
      653 words

  • Page 25 Advertisements
    • 1062 25 PACIfK SOUTH WIST EXPRESS (DtRECT) ALSO ACdPTINC MAHAUS VIA LAX/HOU Ivcsa vor m I sun* lawnp uu dm mm o* urc m hou mam om 07/07 09/07 10/07 25/07 rt/v */v x/w 3i/»y si/ay x/QJ x/v oim m.mUKB 0151 14/07 14/07 17/07 01/01 OS/M M/M J7/jg_ JjlZ^LWIJ*AN 0171" 23/07 23/07
      1,062 words
    • 1586 25 (g) HANJIN SHIPPING USA CANADA* |<— HAM/VOT MM "3T" HA S5 TM TOf (H DTT W M IW WH DOS WTC Otf TVI TTZ W TK 1R h.suralm/m ImT" 31/ M "oi/m~ ~m/m~ m/m ~ovm~~ m/m os/m m/m os/w m/m m/m m/m m/m m/m m/m "m/m IiMWWBWW I*/M_ tf/M_ M/M
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    • 92 25 ORIENT EXPRESS UNES (U.K.) LIMITED lIrI, (MANAGER FOR SHREYAS SHIPPING UMTIED) VESSEL VOY SWGAPOiE KXHAY VESSEL VOY tOMAY SW6APOK NORDKAP 413 12/07 21/07 NORDKAP 412 04/07 12/07 JUTHA PARKIHART 004 15/07 24/07 JUTHA PARtCHART 002 07/07 15/07 OQCL ADMIRAL 003 22/07 30/07 OOCL ADMIRAL 001 14/07 22/07 SINGAPORE OFFICE: MUMftAI
      92 words

  • Page 26 Advertisements
    • 1050 26 <g= DSR-SENATOR mmm Round the World Container Services mMBWWWPPII—, I 1 WW Iww [hi 1 MIT Imo 1 WW" TWT Tuw I win I I (MM M I Off I I mm mm S3T vuwwwtos wato* am hm mm hm mm mm iwl CNOYMB VQLBA WW MJ7 tIJT «M MM
      1,050 words
    • 739 26 NORASIA I BCL VAL ALQ HOT. MX ANT ML UM I HI MM—r 172 ft-) 11X7 2M7 2i«7 2M7 Ml «M 7 Ml KM IW KM >I*7 I MOR DEL 1777-3 UM7 MM «*7 MM 12M UM MM UM I7M KM MM MSCSOPHK ***** \W I MM 17M MM MM
      739 words
    • 486 26 UNK I J mi SUMM MX] 1111*37 I] msa vor rm ru wssa vor no a sras mma stok in Mtaotr vm/w is/o; u/v mun is/w n/v jnmm vm/w n/w jraom yi*i/»7 n/v k/v MtOOtT VIM/17 14/17 27/17 tmaon V1«/»7 H/S7 B/V J7MMI viti/17 n/i7 ii/h jmm vin/w n/w Afttoarr
      486 words

  • Page 27 Advertisements
    • 1354 27 IWSSEL VOY BW4 PQU PKO PCX BLW BA WK MAM QHEYAMAT WL-1248 20/07/97 27/07/97 22/07/97 07/08*7 °»/08/»7 MAN MCELAO PJL-1238 30/08/97 11/07/97 MAN QHEYAMAT PJL-1238 21/06/97 OI'OJ'JJ MAN YAMtN PJL-1226 10/08/97 20/08/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA KAZMHSAIT UZBEKISTAN. TURKMENISTAN.
      1,354 words
    • 1595 27 PLUCKY RIVER V. 8* ETA S$M 1/7 I RIRECT CALL TO I VICTORIA, BRAZIL J SINGAPORE'S GCKRAL AGWTS: 4 SHIMTON WAY TE: 216 1900 FAX: *****04 OUTWARD (l/L) 4205M2 JOHORE OFFKE; COSTAR SHIPPING PTE LTD 117-01 DK HOG SAUS/MGS 420sw 1/43 INWARD DIPT (O/O) 420S7SS COSTAR AGENCIES (M) SDN BHD
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  • Page 28 Advertisements
    • 1022 28 ran sa su:&. rir f: s a fllsl E ROUND RW-427 1117 MM IIM MM 11M MM IMI I MOW MM7 MM Mg OM MM Vim TVV HM t. RENOWN RW-424 121*71 19M MM IIM IIM IMi MM I. BUfST RE-MI MM W IW Ml? MM MM Jj/f] ran no
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    • 1013 28 IMWIT IMPORT■ VBSa VOTMf SCf M It IN WHI IWT M VfSSH W« r g» J* MM MM MP I MCOUM 044MJM 111*7 70*7 70*7 21*7 22*7 73*7 71*7 74*7 J44MJIE 71*4 WW 01*7 M*7 UMOMMO 0444 030# 17/H7 77*7 27*7 30*7 70*7 3007 2W7 31*7 IMCOKHT 0441M51 04*7 14*7
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    • 412 28 NANTAI LINE FULLY CONTAM RISED SQtVKE TO MAURITIUS SOUTH AFRICA rasa vot |si pui out err mymiWKBS oiss Q7/» ?i/»7 k/v mmiQUffll WIS 13/07 77/07 30/07 mrcurmg pits v/u wm ivm WTOIWWS Bis 07/ M 14/0S H/M 11M IPfti Pits lfc/M 25/01 »/M 02/W mmrwcßS oits a/M 07/w n/W NMmyOU»
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  • Page 29 Advertisements
    • 697 29 BSA x Mft MYANMA \BBBk FIVE STAR UNE r (Myaamor National 1!m) Loading for Yaogoa (Rangoon) yissa VOT SM P«6 PEN POU PAGAN J44W SU» PHMON 141W MPT NAUVSIA AOOTS: ROUS HAD SMPPM6 AGENCIES Ok TH M-03-2417M0 HL TB D 243-*****01 Pflfc m 02-04-*****02 POO: TH 02-07-*****21/4 BANK LINE (A
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    • 1144 29 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 Ihtotmm mm tvw wh nw nm I w/* wti HTDUU M*W N/07 M/M 07/ M 09/ M M/M M/M W* HT (ORUROOORE M7W 27/07 13/ M 14/* H/M I*/* 17/ M I*/* htrmuT wtw mm m/m nm n/rn is/m m/m
      1,144 words
    • 547 29 FAMOUS CONTAINER LINES JjW mm 80 ROBINSON ROAD, #22-02 SINGAPORE *****6 y HOT LINE: *****33 (30 UNES) FAMOUS LOGISTIC (M) SDN. BHD. (M. M. siimfj NO. 30 LORONG CEMPENING ***** PORT KLANG, SELANGOR DARUL EHSAN MALAYSIA TEL: 603-*****33 (20 LINES) FAX: 603-*****33 (05 UNES) COMPREHENSIVE SAILINGS TO AND FROM PORT
      547 words


  • Page 31 Advertisements
    • 37 31 I To retrieve more schedules, just follow these simple steps... document 740-6000 ill be your Step key in the four number co< e fax number To NEW YORK (NYC) 2275 United Stotos for calls within Singapore Sfe
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  • Page 33 Advertisements
    • 427 33 LCL FCL m PnljlCal S«rvkM to Coribbaon I A f» m r ,l A ar l rn SHIPPING Wtnfrai AmtrKa APICHMA APISMGAPOtt 019E 015E Port Country 09/07 16/07 Ma C*y wiH 12/08 19/08 Bndgeto«n Borfeodoi 15/06 22/08 Cartagena Colombia 14/08 21/08 Cosines St. Lucia 14/08 21/08 Fort de France Martinique
      427 words
    • 1061 33 ADVANCE CONTAINER LINES (PTE) LTD A I I 140 CocN Strsst, #12-00, PIL ButlcHng. Singapore *****0 XA I. I TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CP NO. **********0E iAMOKOK JIKAIfI (8 lilikKi* M PAT. 3 MMp MIMT. 2 SUtefl lo LCM) (4 S«ille(*/Woek) w vtssa Ivor |J i
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    • 753 33 I^F—VOY I aw I JB> WD I LEU I HAM RTK THP ANR yicpcopair" ifriw war __2J/?I 255® 2555 952! 07/05 omi ooam__ wiicnf imu L2IW 3T07 30*07 01 A* 10*08 11/08 13AM 14/08 ISAM w' c D'AOUAWUS U2IW 27/07 POT OXOB 17/08 16AM 3008 21/08 22)08 mtntTiiSi A2IW CVOB
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  • Page 34 Advertisements
    • 950 34 vessel voy sin bkk vessel vov sin pkl u^ ILJX r~r I ,um BUMQA SEROJA 7151 Thu In Pt Fri 11/06 XFrWABHUM aMW JARU BHUM 7363 Fri 11/07 Sun IVO7 ANAN BHUM 74N St 12/07 BMASENAM W B=s BANTABHUM 3S3N Sun 13/07 Wad 18/07 1 1 1 1 ▼ANTRA BHUM"
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    • 615 34 PUL INTERNATIONAL LINE PUL INTERNATIONAL »M> fail* II rfii *»y» rT? V-'-ri""T w T*- L if IjniiJhli JMMttWIII 4SI6S/W« YN[ vOY I SMI JQ Isw timmm, ar m S \m\ mm\ iuaa m»i| «m I j«/;y bon I u/«71 m ri/o/ i twiaf*>tP ius i 15/071 n» i HW i
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    • 686 34 A ACCORD A SHIPPING PTE LTD TIL: *****54 (40 UOM) FAX: *****46 KMTKUm <931*71*1 Jf OMCCT ACCISS TIL: *****57 (iXPOET SOOKMO) MSRGUMM6 (t/)SSI IV7 225M17 (KXPOET DOC), *****64 (IMPOET) PSUN6 U***** UtUMTTP://WWWJkCCO«D.COM.SO JUMffM I (11)9*9779 POtT m SIN POtT m SIM FORT m SIM POtT ilk SIM (FAR EAST) (INDIA)
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  • Page 35 Advertisements
    • 531 35 SINO EXPRESS SHIPPING 11 COLLYER QUAY #0«-01 THE ARCADE fBINOTRANSI J 8 (*****7). TEL: *****00 FAX: *****08 Ul\UT* TLX; R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) YKSa VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI 6000 WELL 9718 11/07 16/07 20/07 NORPSUND 9702 18/07 24/07 28/07 NEW HAIHUNG I 9706 25/07 30/07
      531 words
    • 504 35 WNII-MIW MUMntin MAMLA:<K2)3I3NSI X PENANO: PH) ****** BANOIMICW 33MW7 81MABAVA: (31) 291 MO IX HCG TO HONGKONG IX PKG TO PUSAN IIX PKG TO SYDNEY MV *CY PROGRESS* V 727N MV "KMTC PUSAN" V.709N MV "LIBRA AWT" V.231 ETA PKG 13-7-97 ETA PKG 15-7-97 ETA PKG 13-7-97 BKG CALL* HiWW/
      504 words

  • Page 36 Advertisements
    • 657 36 Shipping Times -BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. Call 740-6000 Press T'& key in Document Code Key in your fax
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  • Page 37 Miscellaneous
    • 152 37 J V M I V > 1 4 U y v I j"f 17 L fV2 f y aM. _T_T_T—X—T——k— m m < LEGEND R Thunderstorm Temperature 9 q X\ A Shower Weather _X Wind direction with speed m knots •e Ron < Cloudy Sky Wov h 9 ht Surfoce
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