The Business Times, 17 July 1997

Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES MTTA (P) 023/ia«6 85* SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, JULY 17,1997
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  • 6 1 ■KMBI >£11 jCSKmbiS^• "i*
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  • 567 1  -  Indon investors Ud up Indocement, seO down Tndifrt il; players offload QAF From S N Vasuki, Clarissa Tan INVESTORS in Singapore and Indonesia reacted differently yesterday to QAF Ltd's proposed acquisition of a majority stake in PT Indofood for some $2.75 billion.
    Source: Bloomberg  -  567 words
  • 340 1  -  hgprmiv* Eurepetn seflmg forces Wriaa. unit above 2J7 level By] Larry Wee [SINGAPORE] Selling of the Malaysian ringgit and Indonesian rupiah gathered steam yesterday, pushing the two currencies to new lows against the greenback. While the selling had continued in regional foreign exchange markets,
    Source: Reuters  -  340 words
  • 242 1 Reuter [RANGOON] The Myanmar government has intervened in the currency market to arrest the plunging kyat—by detaining chief traders for questioning. Witnesses said yesterday that officials of the State Law and Order Restoration Council (Slorc) picked up the traders for questioning on Monday evening and trading
    Reuter  -  242 words
  • 513 1  -  From Quak Hiang Whai in Hongkong FORMER Merrill Lynch star executive Kevin Wallace was yesterday charged in a Hongkong court for laundering more than HK$7 million (Ssl.3 million). Hongkong Police said they charged Wallace, 46, with "dealing with property known or
    REUTER  -  513 words
  • 120 1 Bloomberg [NEW YORK] US stocks surged yesterday, pushing the Dow Jones Industrial Average through 8,000, propelled by surprisingly strong profits from General Motors Corp and Intel Corp and a smaller-than-expected rise in consumer prices. At Ipm EDT, the Dow was at 8,004.51, up
    Bloomberg  -  120 words
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  • SINGAPORE AT HOME & ABROAD
    • 434 2  -  BatecMMßdstsny Ognre reflects 1996's .-tor base and real growth wfll only emerge at end of Q3 By Audrey Tan SINGAPORE'S non-oil domestic exports are expected to have recovered sharply in June, growing 6.5 per cent in nominal < terms. However, economists polled
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    • 276 2  -  By' Teh Hooi Ling SINGAPORE'S economic growth nrtll Call to the lower end at the government's eet£ mate of 6*7 per cent in real terms this $ear» the etariomic/ political «cHon of the US Embassy said in a report
      276 words
    • 418 2  -  But financial firms lay Soh Tiang Keng LTHE government's extension Pof its tax exemption scheme pft>r syndicated offshore credit will spur the development of the debt and capital markets »*in Singapore. But financial institutions will lose some business as a ret suit of
      418 words
    • 375 2  -  By\ Soh Tiang Keng [SINGAPORE] OCBC Asset Management (OAM) will launch its first unit trust hind this year the Savers Value Fund, which offers an investment mix of bonds and equities today. This Singapore-dollar denominated fUnd, according to OAM officials,
      375 words
    • 315 2  -  EYE OM THE ECONOMY Construction By Diana Oon THE amount of new construction contracts awarded in April and May was down over 35 per cent on last year, according to latest figures from the Construction Industry Development Board (CIDB). A total of $1.7 billion worth of
      315 words
    • 398 2  -  Cwipuy HkelyU launch 141 cluster bones ii Sep tr Oct Byi Abdul Hadhi WATERBANK Properties Singapore Bus Service's property arm yesterday launched six semi-detached houses at Gar lick Avenue for $2.57 million to $2.64 million each. Land area for the 99-year lnsnnholrt haded
      ARTHUR LEE  -  398 words
    • 422 3  -  If our response ever becomes stale or tired, we will eventually be overwhelmed, he says Reports by. Audrey Tan WHILE fierce competition is not new, Singapore's response to competition must always be fresh, Deputy Prime Minister Lee Hsien Loong said yesterday. "If
      422 words
    • 273 3 Baxter Healthcare, HDB both also have strong employee focus THIS year's Singapore Quality Award winners have demonstrated strong and pro-active leadership and have a strong tradition in employee training and participation, said the award's Governing Council chairman Cham Tao Soon. This is the first year
      273 words
    • 433 3  -  It's opening $20m press centre as others in troubled industry downsize Tan Su Yen ENTERPRISE 50 company Stamford Press yesterday opened its new press centre set up at a cost of $20 million, bucking the trend towards downsizing in the troubled print industry. The centre,
      CHRIS LOH  -  433 words
  • Page 2 Advertisements
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    • 166 3 Im w-., ife i;^ai El 5m 11. r/ aa r jdrlfc 1 Jr \^|jft I .j Mm .J**' 1 fl L dfl »jA 1^ —w 2fl fti/t f r ft Hr J The only 2,-lrtre executive sedan in Singapore vith All-Wheel Drive. 0 W£Jl No other car offers the ■I
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  • FOCUS: PROPERTY
    • 484 4  -  Uptrend in IRAS' data surprises leasing agents who say market softened during June '96 to March this year By Diana Oon [SINGAPORE] ARE rents for apartments in the East Coast going up or coming down? According to the IRAS, rents for non-landed homes in
      FILE PHOTO  -  484 words
    • 372 4  -  By Abdul Hadhi [SINGAPORE] Redevelopment of buildings in the Robinson Road area will add more than 500,000 sq ft of office space this year to current supply in the area. The new supply apart from economic performance will keep office rents
      372 words
    • 301 4 [SINGAPORE] Property consultancy Edmund Tie and Co (ET&Co) expects office occupancy to remain above 90 per cent this year despite an expected 4.2 million sq ft of new space coming onstream. It estimates that another 7.73 million sq ft of new
      301 words
    • 774 4 Property transactions fbr districts 15 and 16 (sectors 42 to 45 and 46 to 48) lodged between Jun 16 and Jul 12.1997 PROJECTNNK/ HOP CONTMCT TOME MHV MCE PSF ST1EETNMC Wl DUE UMMf (SOFT) CSm CSS) District 15 Amberglades Apt 05/06/97 FH 860- 689 Ambervie Apt 15/04/97 99
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  • Page 4 Advertisements
    • 377 4 I PRIME RESIDENTIAL LAND AT LINCOLN ROAD I o Combined site area: Approx 22,856 sq ft I I ""U. Tenure: FREEHOLD I Plot Ratio: 2.8 g V~ T,irt Building Height: Up to 30-storey H m "tar /If xAvsar* Excellent accessibility to Orchard Road, I v\ Bukit Timah Road, CTE I
      377 words
    • 39 4 Jurong industrial Factory FOR SALE Land Area Approx. 310,000 sq ft Built-in Approx. 130,000 sq ft Tenure 30 +30 years w.e.f. 1981 For more details, please contact Barnard Goh, Jonathan Tan or Nick Ng Industrial Department Tat: 2241W liullljyiqrtvlMiMtKiWiTlEW
      39 words

  • SOUTH-EAST ASIA
    • 494 5  -  IMPACT OF CURRUMUITUJUKHL Market could rue a farther 20% by year's end at current rates analyst From Harish Mehta in Bangkok US FUNDS are at the forefront of a surge in foreign interest in the Thai stock market that has pushed
      Source: Bloomberg  -  494 words
    • 612 5  -  KUALA LUMPUR High foreign debtors lose out; firms with US$ revenues win By Meera Tharmaratnam FOUR brokerages were polled by BT yesterday to pick the winners and losers among Malaysia's listed companies because of the weaker outlook for the ringgit and higher interest rates
      612 words
    • 446 5 ■PHNOMPENH welcome him as right man at the right time AFP CAMBODIA'S first prime min-ister-designate yesterday received votes of confidence from top officials and diplomats here who welcomed him as the "right man at the right time". The comments came as the royalist
      AFP  -  446 words
    • 424 5 MANILA AFP THE Philippines is ing its economic growth target of 7 per cent this year despite the battering of the peso. President Fidel Ramos said yesterday. "I do not see, as of the moment any need to revise our
      AFP  -  424 words
  • Page 5 Advertisements
    • 167 5 >0$ High altitudes ran raise your pulse rate and induce heavy breathing. L W j l' I. -2**- V I! L 4 I I i r IS fi li J'. II; I -I J'. > i A J j J', j i i i-J J' j Jl J Choose vour
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  • CHINA-HONGKONG-TAIWAN
    • 421 6  -  HONGKONG Team win ensure that govt deliver its promise of briMing 85,000 flats a year By Loh Hui Yin A HIGH-LEVEL committee, headed by Financial Secretary Donald Tsang and straddling six ministries, has been set up to ensure that the new Hongkong
      421 words
    • 290 6 WASHINGTON AFP DESPITE preemptive protests from China, the US State Department said on Tuesday it would consider a request that Taiwan says it will make on behalf of its president for a US transit visa in September. Spokesman Nicholas Burns
      AFP  -  290 words
    • SINO Briefs
      • 68 6 Reuter [NEW DELHI] Bilateral trade between India and China expanded to US$l.4 billion (Ss2 billion) in 1988 from US$9OO million in 1990, the Indian Commerce Ministry said in a statement yesterday. India's exports to China increased 80.9 per cent in 1986 over the previous year,
        Reuter  -  68 words
      • 70 6 Bloomberg [BEIJING] China attracted more foreign investmsntintbe first four months than the same period last year as it erased a decline in the first quarter. An official in the Foreign Trade and Economic Relations department of the Foreign Trade Ministry said China attracted U8511.48 billion
        Bloomberg  -  70 words
      • 71 6 AFP [MANILA] China should be met with a policy of engagement which will eventually lead to reforms in human rights and the rule of law, former US military chkf Colin Powell said yesterday. Mr Powell, who la on a lecture tour of Asia, told local
        AFP  -  71 words
      • 77 6 Reuter [TAIPEI] Taiwan, kickstarting its fifth annual bid to rejoin the United Nations, said yesterday nhm of its 30 diplomatic allies had signed a motion asking tha UN General Assembly to consider membership for the Nationalist Taiwan, which lost the sole China seat to arch
        Reuter  -  77 words
    • 483 6 HONGKONG Interim earnings of residential property developers expected to recover further Reuter A PICK-UP in residential property demand in the south China boom town of Shenzhen will contrast sharply with the stagnating office market when real estate firms release their 1997 interim results,
      Reuter  -  483 words
    • 269 6 HONGKONG Reuter HONGKONG'S China-appoint-ed parliament is set to show its colours in a showdown with unions over a bill that would scuttle labour rights laws. The Provisional Legislative Council, due to meet late yesterday, was widely expected to strike down five of seven
      Reuter; AFP  -  269 words
    • 196 6 TAIPEI AFP TAIWAN'S president is almost sure to be given greater power and the provincial government to be scrapped after the National Assembly passed two controversial proposals yesterday. Of the 316 deputies, 259 from the ruling Kuomintang (KMT) and the largest
      AFP  -  196 words
    • 733 6  -  CHEW A WATCH Real questions at first post-Deng Beidaihe gathering will focus on 14 Peng By Lu Ning NOW the Hongkong handback is over, the leadership in Beijing is refocusing its attention on domestic issues as it heads for the traditional summer seaside resort of Beidaihe.
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  • Page 6 Advertisements
    • 135 6 «QMk WHY u Into FACTOR WITH US: To small and medium-sized enterprises (SMEs), exporting is highly risky due to non-payment by overseas buyers. They turn to DBS Factors because they: H) Get bad debt cover for overseas debts (2) Enjoy low interest rate of 3.5% p.a. for export bill financing*
      135 words

  • FOCUS
    • 1026 7  -  The state {dans to set up a business centre in the Republic, its fifth largest export market By Leon Hadar Tht mimrtsßT^WmMngtai [SACRAMENTO] THE state of California is planning to establish a trade office in Singapore to help facilitate the booming trade and investment ties
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  • Page 7 Advertisements
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    • 223 8 j|JP 8 100 Hz DIGITAL TECHNOLOGY FROM TOSHIBA. 1 The Toshiba Digital 100 is no ordinary TV. It's a technological breakthrough. It's same time. Something that until now, no one thought was possible. When combined j& all down to Toshiba's innovative research and development programme that with the 100 Hz
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  • ASIA
    • 404 9 TOKYO TWy*re banking on deregulation to expand market share there Reuter FOREIGN financial institutions are gingerly returning to Japan, hoping for another crack at the Tokyo market as it undergoes wide-ranging reforms as part of the country's "Big Bang" deregulation.
      Reuter  -  404 words
    • 187 9 WELLINGTON Reuter TREASURER Winston Peters said yesterday tax cuts beyond next year would not be possible if the current universal pension scheme was retained because the money would be needed to fund retirement incomes. "Under NZS (New Zealand Superannuation the current scheme)
      Reuter  -  187 words
    • 499 9  -  SINGAPORE By Tan Su Yen REGIONAL investors have developed a taste for Australian grapes or to be more precise, vineyards now that interest in hotels Down Under is tapering off. In the first five months of this year, South-east Asian investors purchased
      499 words
    • 304 9 SYDNEY Unit at lE-month low, though consumer confidence up in July Bloomberg THE Australian dollar fell to an 18-month low amid continuing expectations the Reserve Bank of Australia will cut its benchmark interest rate again soon. "People are unhappy holding Aussie dollars at the
      Bloomberg; Source: Bloomberg  -  304 words
    • 231 9 WASHINGTON ft wants qpurttetto restricting «i 2,700 products phased out AFP THE US on Tuesday requested World Trade Organisation (WTO) dispute settlement consultations with India, which limits imports erf US goods, the Office of the Trade Representative (USTR) said. "The United States
      AFP  -  231 words
  • Page 9 Advertisements
    • 67 9 MOTOR ULTIMA 15 Queen Street #0 1-0 1 Tin Cho»t Tower Tel: 338 3544 Ft*: 334 3177. Showroom hours 9am 6pm weekends, 9am Spm weekdays. Come down today for a teat drive. fr^m 1 f In some cars this would be the finish for their top-of-the-line models. At Audi, this
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  • THE WORLD
    • 666 10 WASHINGTON THitlriil frrirthi aaibwisrfai* Bloomberg THI US economy continues to grow at a steady pace with litfie sign of »nH reason to expect either to change soon, a series of government reports showed yestsrday. Industrial production rose OiS per cent
      Bloomberg  -  666 words
    • 382 10 DMMcraSs ti ntara US6MM after Inn tastinmy Reuter A US Senate committee probing campaign Wmw revealed direct evidence on Tuesday that Asian-American fUnd-raiser John Huang helped funnel US$5O,OOO (5572,000) to the Democratic Party from a giant Indonesian firm friendly to President Bill Clinton.
      Reuter; AFP  -  382 words
    • 309 10 BRUSSELS Bloomberg, Reuter PLANS Cor the European Union to embpace Ore Unmet ll■■ M A- l_ many unvsueayoetsraay m a blueprint for thellst Century. The crnnnrtaslon put the CMch Repsrtilc/Poland, Hungary, FtSwU and Slovenia on si an met ror joining tne Iff aaHanjhfa, gUlag
      Bloomberg,; Reuter  -  309 words
    • 309 10 UNITED NATIONS AFP. UN CHIEF Kofi Antra yseterity ißNpd bruind but unbowed from turf battles over rsfcrm to unveil a package described by aides as a "quiet revolution Mr Annan announced to the UN General A sssmbly a solies of measures, dstailsd in
      AFP.  -  309 words
    • 543 11 BONN (termany concerned fat EMU debate Is pairing confidence in ftrongmark Reuter 4£RMAN Economics Minister Guenter Rexrodt yesterday said he thought the recent Weakness of the mark was a normal market correction, but •at this was now overdone. "What is happening now is partly a normalisation.
      Reuter  -  543 words
    • 337 11 LONDON But onions fear high sterling, interest rates may cost jobs Reuter, Bloomberg BRITISH unemployment tumbled to a seven-year low in June, ofFicial figures showed yesterday, but the financial markets were more impressed by a drop in wage growth. The Office for National
      Reuter,; Bloomberg  -  337 words
    • 177 11 GENEVA Reuter THE World Trade Organisation yesterday admitted the Vatican as an observer, sparking demands from Muslim countries that Islamic bodies be granted similar access to its work. Agreement to grant observer status to the Holy See, which does not claim to be a trading
      Reuter  -  177 words
    • WORLD Watch
      • 65 11 Reuter [PARIS] Socialist Prime Minister Lionel Jospin and conservative President Jacques Chirac clashed head-on for the first time yesterday, ending an awkward six-week truce in their enforced power-sharing. Mr Jospin ticked off the president at a cabinet meeting tor criticising government policies ranging from privatisation to
        Reuter  -  65 words
      • 60 11 AFP [MOSCOW] President Boris Yeltsin yesterday announced that he had signed a decree on protection of investors' rights, in a move aimed at boosting business confidence, Interfax news agency reported. In line with the decree, Prime Minister Viktor Chernomyrdin will chair a new state commission
        AFP  -  60 words
      • 66 11 AFP [WASHINGTON] US Defence Secretary William Cohen has chosen Army General Henry Shelton, who led the 1984 US intervention in Haiti, to become chairman of the Joint Chiefs of Staff, the Washington Post said yesterday. Unlike Mr Cohen's past nominee, Air Force
        AFP  -  66 words
    • 317 11 LONDON Minutes show panel agreed to raise rates to stem inflation Bloomberg THE Bank of England's monetary committee voted unanimously to raise UK interest rates at its June meeting, the first time the central bank had independence over monetary policy since
      Bloomberg  -  317 words
  • Page 10 Advertisements
    • 140 10 *< < *> rf -V. >• *Sr. ;> V V ■Sir*-' -:> I f >V- f, *v -v; V m v'. V. U.» **.'V.'. < <r 4 7 1 -4>V >. -v 'a. r I '< n*- -v Get VJCL '>■>; mugged v- > ~y r >*■ 'V v v*
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    • 62 10 j£ -V 'Ur*" Wine Cellars Prestige Ermitage Clou Door (Oak finish) Capacity: 183 bottles For further information or to know your nearest Authorised Dealers, visit our website at (http://www.tiansthenn.coai) or refer to the latest ism of the Wine A Dine m^asine. #Sole Distributor: Inchcape Marketing Services Equatron Consumer Basineee 58
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  • Page 11 Advertisements
    • 413 11 Introducing the all-in-one ThinkPad 380. Now everyone can afford a better place to think. The student. fIInHHHHMM ff For the designer, love, the idea of W X •>" t2.1-inch screen a ThinkPad for as /brings everything low as $3599. to life in sharp, I vivid colour. 1 'ii 11 I
      413 words

  • EDITORIAL & OPINION
    • 793 12  -  OPINION BOTTOM LIMB By Conrad Raj The writer is a BT senior correspondent THE appointment of National Trades Union Congress (NTUC) secretary-gener-al Lim Boon Heng to the board of Singapore Airlines (SIA) appears to have taken people by surprise.
      793 words
    • 107 12 'I have found in Germany a deep psychological problem when I proposed that in this museum, the Jews should tell the Germans about their history.' -AmMa Banal director of the Jewish Museum in Berlin, fired for not accepting limits to his freedom of action 'We have to
      107 words
    • 592 12 EDITORIAL DESPITE differences over the chairmanship, today's first meeting of the North Atlantic Treaty Or-ganisation-Russia joint council should help to usher in a new and stable concert of Europe, one that will strengthen free-market democracy and reduce the business risks associated with fluctuating political fortunes.
      592 words
    • 1171 12  -  End of government monopoly may be start of hassle-free phone connections By\ Rajendra Bajpai The writer is a Neb Delhi-based journalist whi contributes to BT FOR years, Indians as well as foreigners living in India have regarded the country's telecommunications services as appalling. Telephones are
      FILE PHOTO  -  1,171 words
    • 798 12 ACCOMPANIED by nationwide yawning, the US Senate hearings on improprieties in campaign finance started their second week in Washington on Tuesday. This indifference may seem curious, given that the Republican chairman claimed last week to possess clear evidence that the Chinese government had attempted to subvert
      798 words
  • Page 12 Miscellaneous

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  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • 700 14  -  Will the fashion empire survive the king of frock 'n' roll's death? boudreaux reports RICHARD BOUNDREAUX BORN to a poor dressmaker in southern Italy, Gianni Versace grew up to be proclaimed "the king of frock 'n' roll". His fashion empire featured glitzy shows, astronomical price tags and
      REUTER  -  700 words
    • 372 14 S*n Diego high school yearbook labels him inost likely to be remembered' Reuter [MIAMI] The San Diego high school year book of Andrew Cunanan, the male prostitute suspected of killing fashion designer Gianni Versace, named him "most likely to be remembered".
      Reuter  -  372 words
  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • 471 15  -  s £2* Spies include cost for-1 rights and in foreign currency By Clarissa Tan [SINGAPORE] Investors unloaded QAF shares yesterday after the company proposed a massive $2-billion rights issue to finance the purchase of 50.1 per cent of Indonesia's Indofood for $2.75
      471 words
    • 298 15  -  By Ven Sreenivasan [SINGAPORE] Mainboardlisted Lion Teck Chiang (LTC) has launched the first phase of its 202.3 hectare freehold industrial park project near the Multimedia Super Corridor and the new KL International Airport in Selangor. LTC said some Msl3 million (557.4 million)
      298 words
    • 131 15 [SINGAPORE] Recently-listed books and stationery distributor Popular Holdings chalked up net earnings of $7.9 million on a turnover of $161.7 million for the full year to April 30. The earnings were 36 per cent higher than the company's proforma 1966 earnings of $5.8 million. Turnover
      131 words
    • 166 15 [SINGAPORE] Keppel Bank is launching its fourth unit trust today, this time aimed at newly listed shares in the global market with the emphasis on markets in the Asia-Pacific region. The Keppel New Equities Growth Fund will Invest mainly in the IPO (Initial
      166 words
    • 757 15  -  HOCK LOCK SIEW Catherine Ong PUND managers in Singapore and Hongkong appear not to have made much of the news that they will pay no tax if they manage at least $10 billion of non-resident funds out of Singapore. If s
      757 words
    • 401 15  -  Investors negative to carmaker's bullish on Creative By R Sivanithy [SINGAPORE] Cycle and Carriage shares yesterday sank to their lowest level in almost a year, following analysts' downgrading of its prospects for 1997. In contrast, electronics counter Creative Technology continued its
      Source: Bloomberg; ERIC CHU  -  401 words
    • COMPANIES
      • 423 16 Deal helps Telekom penetrate media market; gives MBCB avenue to raise cash Bloomberg [KUALA LUMPUR] Telekom Malaysia plans to buy at least v a 10 per cent stake in Sistem Televisyen Malaysia Bhd, Malaysia's top commercial broadcaster, in its
        Bloomberg  -  423 words
      • 490 16 MARKET CHANGES July 31 change an Hang Seng reflects China's growing role Bloomberg [HONGKONG] China Resources Enterprise (CRE) and Cheung Kong Infrastructure Holdings (CKI) will join Hongkong's benchmark Hang Seng Index, reflecting China's growing role the territory. The two companies CRE
        Bloomberg  -  490 words
      • 185 16 Bloomberg [JAKARTA] The Jakarta Stock Exchange (JSE) said it plans to discontinue its practice of disclosing the identities of brokers making trades on Oct l. In a letter to customers, the exchange said "in order to increase the (exchange's) data feed service" the identities
        Bloomberg  -  185 words
      • 333 16 Mm to woo small investors back to stock market Bloomberg [TOKYO! Japan's two largest stock exchanges will begin trading in stock options pegged to 33 companies tomorrow, a move designed to stir interest among small investors in shares ranging from the Bank of
        Bloomberg  -  333 words
      • 574 16  -  Small players hit severely in the past two to three years By Rajendra Bajpai in New Delhi THE Indian stock market has performed strongly in the last few months to emerge as one of the best performing bourses in the world but
        FILE PHOTO  -  574 words
      • 263 16 [SINGAPORE] Shipbuilder and repairer Hitachi Zosen Singapore said yesterday it has ordered four engines from its holding company Hitachi Zosen Corporation (HZC) in a deal worth $9.2 million. The engines are for four new vessels the company is constructing for third party
        263 words
      • 224 16 Bloomberg [BANGKOK] Dhana Siam Finance Securities plans to take over two smaller lenders and brokerages and subsequently seek an upgrade to a commercial bank, its president said. Dhana Siam, the main investment banking unit of Siam Commercial Bank, will take over Dhana
        Bloomberg  -  224 words
      • 386 16 Despite huge cash infusion, analysts see tough times ahead Reuter [HONGKONG] Hopewell Holdings Ltd took full advantage of the deep pockets of Southern Co Inc and sold its remaining stake in Consolidated Electric Power Asia Ltd (Cepa) at top prices, analysts said
        Reuter  -  386 words
      • COMPANY Briefs
        • 68 16 [SINGAPORE] Scotts Holdings director Rafiq Jumabhoy has returned 12.96 million of the company's shares, representing 5.46 per cent of its issued share capital, to holding company Scotts Investments (S) Pte LttL The shares, at 86 cents a piece, increase Scotts Investments' stake in the listed
          68 words
        • 64 16 [SINGAPORE] CarnaudMatalboz Asia said its Thai associate company, CarnaudMetalbax Bevcan Ltd (BevcanX will soon eater Into an agreement to land up to 50 million baht(Stl.4 million) tor one year to Crown Cork A Seal (Thailand) Co Ltd. Crown Cork 4 Seal is a subsidiary
          64 words
        • 57 16 Reuter [SYDNEY) Australia's corporals regulator, the Australian Securities Commission (ASCX aimouncsd yesterday that the Kuala Lumpur Stock Exchange (KLSE) had besn admitted to the list of ASC approved foreignexchanges. This means that Australia's licensed aecurittss dealers can now legally promote securities listed an the
          Reuter  -  57 words
        • 69 16 Bloomberg JAKARTA] PT Bakris 4 Brothers, a diversified company, said in response to a stock exchange query that it has no information to report that should aflbcttha movement of its share price. Bakrfte A Brothers shares have risen 81 per cent so far
          Bloomberg  -  69 words
        • 97 16 Corrections clarifications In our report yesterday headlined "PBS Land appoints three new directors to its board", we said Foo Kok Swee was president and chief executive of Bcics Holdings. Mr Foo still holds those positions. Our story headlined "Asia Food aims to be traded on SIS by July 21" on
          97 words
    • INTERNATIONAL COMPANIES
      • 453 17 3rd quarter unlikely to improve as Intel seen cutting prices of stocks to make room for faster chips Reuter [PALO ALTO, California] Intel Corp on Tuesday reported a 58 per cent rise in secondquarter profits, capping a challenging period for the
        Reuter  -  453 words
      • 41 17 [TOKYO] Japanese Emperor Akihito yesterday using a magnifying glass for a closer look at a super-high resolution Trinitron Data Display Monitor at Sony's Media World in Tokyo. The demonstration facility offers an overview of the company's technology. REUTER
        REUTER  -  41 words
      • 361 17 NeworacleB database software seen cementing firm's market leadership Bloomberg [REDWOOD CITY, California] Oracle Corp shares rose 5 per cent to a record after the software maker said it will split its stock 3-for-2. Oracle shares rose 2 23/32 to 56 15/32
        Bloomberg  -  361 words
      • 347 17 Ford sets earnings record, GM's gains up despite strike Bloomberg, Reuter [NEW YORK] Top US carmakers General Motors and Ford Motor Company reported sec-ond-quarter earnings that beat analysts' expectations, with Ford setting an earnings record for any quarter by a US carmaker.
        Bloomberg,; Reuter  -  347 words
    • FINANCE & COMMODITIES
      • 487 18  -  Bat managers now wary of Inlying red drips and may switch to other Asian stock markets From Neil Behrmann inLondon MUTUAL fUnds investing in China and Hongkong during the past year were by far the best performers in Asia-Pacif-ic. A survey
        487 words
      • 451 18 Those which fail to meet expectations Mame merger costs, credit card losses Bloomberg [NEW YORK] Chase Manhattan and Citicorp, the top two US banks, reported higher earnings on Tuesday while others failed to meet investor expectations, blaming merger costs and credit
        Bloomberg; Source: Bloomberg  -  451 words
      • 51 18 [OSAKA] Wooden fish being exhibited in an aquarium-like glass case at the "Woody Plaza Hoxan "showroom of Japanese lumber dealer Hokusan in Tokyo on Tuesday. The firm displays about 100 wooden fish carved by Japanese artist Rinsui Tanaka to amuse customers who visit the showroom.
        AFP  -  51 words
      • 289 18 bmsteriiuikappy with bank's performance FT [LONDON] National Westminster Bank is considering reshaping Nat West Markets, its investment banking arm, in response to pressure from institutional investors who have been highly critical of the bank's performance. Directors of Nat West Markets who are reviewing its
        FT  -  289 words
      • 261 18 Reuter [KUALA LUMPUR] Malaysia plans to issue new banking licences to create one or two new Islamic banks, a central Bank Negara official said yesterday. "We are considering to have one, two more Islamic banks," said Bank Negara assistant governor Abdul Murad Khalid.
        Reuter  -  261 words
      • 201 18 SIMEX Report Reuter [SINGAPORE] Simex Euroyen and Japanese government bond futures headed higher yesterday as players ignored a hefty rise in Tokyo stocks and covered their short positions. "I think Euroyen was a bit oversold. That's why there was a good squeeze up," a dealer
        Reuter  -  201 words
      • 174 18  -  mm TAIWAN FUTOBBS By Perry Gilbert By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] The MSCI Taiwan Stock Index futures traded in a tight range on Simex, as investors remained undecided about the short-term direction of the market from the current cash leveL Locals
        174 words
      • 264 18 BBBBOYBBFOBT Reuter [LONDON] Oil prices edged lower yesterday after news late on Tuesday that Iraq may more than double its oil exports next month. Brent crude oil, the world benchmark grade, was down four cents at U511&35 a barrel at 0935 GMT on
        Reuter  -  264 words
      • 257 18 Reuter, AFX-Asia THE US dollar was firm In mid-day trade ahead of US consumer price Index and production data yesterday, dealers said. BZW chief economist Brian Martin said the CPI report, which is likely to confirm that Inflationary pressures remain benign within most sectors of the US economy,
        Reuter,; AFX-Asia  -  257 words
      • Article, Illustration
        53 18 nrniincMBum June MBfr twBr-'wHBP jJBf wBpBMBfwfaiifc *jSfr i **ne+ I* 'ti itJpfr n A l i r* ■'> few*-**;%« >:i > V orrasBAMK Rates quoted by Exco AP Singapore Source: OCBC RATB8 Rates quoted by Exco AP Singapore Source: Republic National Bank of New York S S ©mem maoomrr Source:
        53 words
    • 1246 19 8100MPDTUMBS Juiw dm Mm Opm MwMl Wft law Satt flwu) Maraat imfi 02.00 0175 OOLTS KS 370 Srr 07.00 quo o6jo 650 045 ft M25 *75 fwfr (43.00 1675 Bac 97 ***** 1675 JartkrM MM MU0 150.00 600 6300 Apr/JM 90 153.00 ***** WSOMMCfMaMm Mm (p Matt 11
      1,246 words
    • 1902 19 mm i Ml Nw 31 Group 489 -2.400 AB Ports 259.400 unch ABBey National 879.400 *23 AMed Doncq 460 4 Amec 164 .400 Asda Group 143 -2 BAT Ind 549.400 -.600 BG PIC 242.400 *6 BtCC 176 .600 BOC Group 1094.400 32 BR Petroleum 808.400 *11 m»
      1,902 words
    • 1464 19 AFP Qmkka22S ♦MU3 SHARE prices closed 1.4 per cent higher yesterday on a combination of buying of high-tech issues and short-covering among banks, brokers said. "Given an extremely favourable external climate the yen's weakness, the continued rally by US high-tech issues and receding concerns over the financial strength of
      AFP  -  1,464 words
    • Article, Illustration
      1658 20 Bloomberg PjHiuig&q -4L22 STOCKS fell for the first time in five days, led by real estate shares amid concern the government's plan to increase land supply may slow the rise in home prices and developers' earnings. Developers such as Sino Land Co and Sun Hung Kai Properties Ltd led
      Bloomberg  -  1,658 words
    • Article, Illustration
      650 20 Reuter n Shenzhen B Index -0.09 SHENZHEN'S hard currency B Share Index closed yesterday slightly down in thin trade, with investors adopting a wait and-see stance while listed companies prepare their interim reports, brokers said. The index inched down 0.09 points or 0.06 per cent to 132.73 points as
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  650 words
    • 390 20 AFP □WPMat -1L42 HEAVY sales of construction and plastic issues knocked the Taiwan stock market down 0.1 per cent yesterday, brokers said. "Retail investors placed buy orders for electrical issues in early trade, and adjusted shareholdings or dumped other sectors in late trading," said Jerry Huang of Fuhwa Securities
      AFP  -  390 words
    • Article, Illustration
      747 20 AFP |rj Composite Index +L2> SHARE prices closed 0.2 per cent firmer yesterday on a technical rebound in selected stocks while foreign investors took to the sidelines, dealers said. "Foreign brokerages have maintained a net selling position," said Adnan Tan, director of sales and trading at Deutsche Morgan Grenfell,
      AFP  -  747 words
    • Article, Illustration
      842 20 AFP SET Index *38 SHARE prices soared 6.1 per cent yesterday on foreign-led speculative buying on expectations of decent bank earnings and Japanese backing of an emergency state liquidity fund, analysts said. The rise reflected speculative activity rather than any improvement in market fundamentals, as the top 10 gainers
      AFP  -  842 words
    • 353 20 AFP -6&50 SHARE prices closed 2.6 per cent lower yesterday amid concerns over the peso since it slumped after being allowed to trade in a wider band last week. The Philippine Stock Exchange Composite Index fell 68.5 points to 2,587.36. Turnover totalled 5.75 billion shares worth 2.1 billion pesos
      AFP  -  353 words
    • 408 20 AFP pOomnogtolaig -1&33 SHARE prices fell 2 per cent on the Korea Stock Exchange yesterday, amid concerns over auto maker Kia's problems and a border skirmish between South and North Korean troops, dealers said. "Investor sentiment turned extremely shaky. All sectors except for the fishery sector took a severe
      AFP  -  408 words
    • 587 20 AFP AH Ordinaries +&8 SHARES closed firmer yesterday under the bullish influence of a stronger Wall Street, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index finished 8.8 points firmer at 2,646.4. The All Industrials Index closed 15.4 points higher at 4,220.4 and the All Resources Index rose
      AFP  -  587 words
    • 262 20 AFP □Wellington *<158 SHARE prices edged up 0.3 per cent in cautious trade yesterday, brokers said. The key NZSE-40 Index rose 6.58 points to 2,477.49. Turnover totalled a modest NZ543.7 million.—AFP us roo«) ANZ Benfctng K5.82 0.02 ***** Advanteqes HMqs 1.0« -0.01 ***** A* Znund 3.00 unch *****6 Air
      AFP  -  262 words
    • KUALA LUMPUR STOCK MARKET
      • 7858 21 Hunuu CmaMr prefects 1997 Last Vol Oav Mat Cmm lw fiW>M| Ml -000 High Lm M M 790 MO Annomoto MS 5 5 MS 540 30 2 220.9 t*? 2 J" Angkasa 296 unch 29 296 298 6.8 439.4 90S 610 Apobo Food Hlg 660 to 10 660 640 264.0
        7,858 words
      • 485 21 AFP, AFX-Asia P Composite Intel -&3I MALAYSIA'S key stock index closed 0.8 per cent lower yesterday in cautious trade amid fears of further speculative attacks on the ringgit, dealers said. They said that although speculation on the ringgit appeared to have halted, the possibility
        AFP,; AFX-Asia  -  485 words
    • WARRANTS & OPTIONS
      • 3303 22 iw Lait V«l Day Leel Owete A»« HI* Lm> Mm Clip any Mi *«r- COOO) Ht0i Lm Bwyor Mtar Prtea M 44 m 3000 m AMD* c 5-5******6 44 -0.5 2 44 44 44 *7 413 3160 *Acar W*****1 US$ 52.5 unch 27 53 52.5 51.5 52.5 131 M 3164
        3,303 words
      • 166 22  -  WARRANT WATCH By R Sivanithy THERE seems to be come confusion surrounding Uniphoenix Corp warrants, which have ceased trading on Clob International but continue to trade on the Kuala Lumpur Stock Exchange. The confusion centres on exactly when the warrant expires, which on
        166 words
    • 1992 22 mmmmm 'i f t i W 'ii I'i'if in Mil mm 'Pn"rf 1 iwm Or Or M9T Last W Day LaatOaata 0* 0*v VM Nat M Cap Ua> Mm Ciw>i«y I* *h COOOI w» lw Bwyor Wfcr Pir M <— ~«7e 270 ms 8000 AIM 50c 276 2
      1,992 words
    • STOCK EXCHANGE OF SINGAPORE
      • 211 23 fyaMAyM jjjkjut yn as W T» g I II tn §L gf «ss ,«i »a§ it m i n gHWWrtlM 474 7 9 7 n m n Wwtmw 000 4 4ft 446 •ur 14 tt SI3ff M 34 M fflst. «s «s 1 1 3 pr wirr* ~m mu oo»
        211 words
      • 4464 23 1991 Vd4 D*v Last Qm8* Ih tk W IM Cm Am MUfc L— itth Cia*a»y t'OOO) K>s*l L— 8«rdc Sd8df Cw Pit |3 Pried 5144 AM NTSW 200 US- MS MS 127S AST USk 100 USMS u < 203 IM I2M AcdfSOc USI78 -2 177 W 171 IT*
        4,464 words
      • 807 23 MM. Sfif J2L 14M0—» M M W M CM An 35—b!5 Cl f"r *h room m$k u» —yr tmm ew pfg H mg 2»0 vi2 222 '2 4 ®5 "K m "2 JO 6 0 0.1 WO.0 49 8 107 n? Tn 2 IoS? iP g *25 tm u
        807 words
      • Article, Illustration
        65 24  -  -u Ven Sreenivasan THE price of dob-traded Malaysian property stock, Land General, has been on an inexorable decline since December last year, when it teas at $3.50. However, it edged up a cent to J1.53 on an unusually high volume of 2.83 million shares yesterday. The technicals snow
        65 words
      • 680 24  - Shares fall prey to program selling this time from US Currency jitters still the underlying fears; attention also diverted by rally on Thai bourse STOCK MARKET COMMENTARY By R Sivanithy [SINGAPORE] More program sell orders yesterday this time said to be from the United States—targeted blue chips and sent them
        Chart info from Bridge  -  680 words
      • 221 24 Stocks Votarao OAF Ltd 40c 7 4.956.000 Raffles MedlOc 4,917.000 Huan HsinUS20c 4,782.000 IJraco HldqslOc 3,740,000 TUnjin Zhong 3,508,000 Osprey MR-PS 3.032,000 Omni Ind 10c 2.850.000 •Land i General 2,838,000 Uraco Wt02 2.813.000 CM Telecom 75c 2,702,000 Stocks U08 Foreign 23,648,581 DBS Foreign 19,250,756 OCBC Foreign 14,275,589 City Dev 50c
        221 words
      • ON THE GRAPEVINE
        • 140 24 PIDEMCO, which seems to have problems with names, hit another snag when it decided to call its Walshe Road development Avalon. In its latest newsletter, Pklemco waxed lyrical about the name: 'It is written that the breeze in Avalon carried the rejuvenating scent of apples. It is
          140 words
        • 161 24 MARKET wags had a field day after a blaze swept through the Jurong warehouse of Sesdaq-listed tyre distributor Stamford Tyres and burnt it to the ground last month. After listening to the interesting round of theories and rumours—some of which are too libellous to publish that self-proclaimed
          161 words
        • 101 24 AT LAST Saturday's annual general meeting, Singapore Airlines'shareholders were informed of some revisions to directors' annual fees. The chairman's fee remained at $20,000 but that of the deputy 'K chairman and of the audit committee's chairman was raised from $10,000 to HijQOO. Audit committee
          101 words
        • 62 24 THINGS like this dont happen to Singapore journalists. In London, details of a government plan to privates the London Underground became public bacauae Deputy Prime Minister John Pwacotfclßft confidential policy papers in a room with BBC journalists after recording an interview for the Baab's Panorama programme. If
          62 words
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  • Page 17 Advertisements
    • 168 17 I Make your next I I convention I I unconventional I At Shangri-La's Mactan Island Resort we have the dive into our vast lagoon-shaped pool, hit the putting H facilities to accommodate anything from a small meeting green or the tennis courts and enjoy the best of local, H H
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    • 28 20 For real-time stock information, Scall Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words


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    • 151 22 NO om mMwrat up It corn*! to >:4* (1> Ay£ from selected shirts that also m woll with your budgot. With ovor 60 Jt/W j fabrics: *•<** ol tailoring oxporionco. wo can offoc a choteo of ovor 5 F fff 'z X ;J f v 1000 dlttoront fabrics and an
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  • Page 24 Advertisements
    • 331 24 BffSHpSßf Notices To advertise call toll-five 1800-*****83 NOTICE IS HEREBY GIVEN that, I Goh Jewee Eng of Blk 304 Ang Mo Kio Ave 1 #02-1143 Singapore *****4, have applied for a Beer House First Class in respect of M/s The Biker's Cafe located at 13 Kampong Bahru Singapore *****6, and
      331 words
    • 335 24 NOTICE IS HEREBY GIVEN that, I Tan Junyan, Francis Tan Huat Heng of Blk 312 Hougang Ave 5 #01-201 Singapore *****2, have applied for a 2nd Class Public House Licence in respect of M/s Fresh Choice Pte Ltd located at 100 Bukit Timah Road #01-32 Singapore *****9, and that this
      335 words
    • 314 24 NOTICE IS HEREBY GIVEN that, I Koh Peng Suan of 1 Jalan Kechil #04-01 Singapore *****8. have applied for a First Class Public House Licence in respect of M/s Kaisen Pub located at 5 Stadium Walk #03-02 Singapore *****3, and that this application will be considered by the Liquors Licensing
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    • 154 24 Access timely information on DBS Unit Trusts along with commentary on worldwide stock markets direct from our fund managers. Or call our Unit Trust Hotline on 1800-535-8025. ©DBS ASSET MANAGEMENT NOTICE IS HEREBY GIVEN that, I Ang Yap Poon of 140 Jalan Bukit Merah #11-1150 Singapore *****0, have applied for
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    • 172 24 ™Land Transport Authority Infoline COE Bidding Results Car Registration Number Availability. Available on 10th or 11th ot rutty month. All yon Available hnwiw Saturday aod —eh weak. AB yoti d to need is enter your IC Passport or Company Registration enter yow Car Raglswdon nwdbert number and the Vsfaicto Category
      172 words

  • SHIPPING TIMES
    • 234 25 Bridge News Reuter TRADING has been slow in most areas of the freight market although Panamax rates are so for holding steady, but some of the reported was fixed last week, brokers Something is stopping ijtheBBflta market from i trading folly, Clarkaon i SWtttssLhlsaid in its daily report
      Bridge News; Reuter  -  234 words
    • 64 25 ci—nS -om aa cwwkw _u7 -on 2 MtaNW OLft -AM 947 iSiiinii OM <fluM tn mf« jfl SSriMTZTlS glarEa 4s m -003 S49 55 SScrnHH-ZZ^a tttttt -OJO PMimAMM 410 aaggjss? -i iKimam m jSwMmn —MO mi a MKIMH mil OlM <401 2M0 Uflfl -a.23 112) VHMiMvM Ut HipMfl
      64 words
    • 525 25  -  Vessels anchored around Nipa lighthouse raided fined: SSA Yong Mei Fong [SINGAPORE] The Singapore Shipping Association (SSA) has alerted its members to a notice to mariners issued by Indonesian authorities last year that warned ships against anchoring and conducting activities around the
      525 words
    • 126 25 AFP [TOKYO] A fire broke out yesterday in a Malaysian-regis-tered container ship after it left Yokohama port for the South Korean port of Pusan, officials said. Maritime safety agency officials said no one on board was injured in the firs, which was later brought
      AFP  -  126 words
    • 727 25  -  MSWBUILDS By David Hughes THE US COAST is now one of the few places you can see tankers with midship bridges still in operation and much of the domestic fleet is well advanced in years. US cabotage trades enjoy a high level
      727 words
    • 144 25 Reuter [BANGKOK] The Thai cabinet bar decided to waive 30 per cent corporate tax on domestic shipping operators, a government official said. The move was aimed at promoting Thailand's commercial fleet and reducing the country's dependence on foreign shipping, thereby lowering the national
      Reuter  -  144 words
    • 281 25  -  It will improve the competitiveness of shipping industry By. Marcus Hand [SINGAPORE] An international ship register could be introduced in South Korea in the near future following a proposal by Cho Soo Ho, chairman of the Korean Shipowners Association (KSA). Shipowners in South
      281 words
    • 42 25 [XBeITDEEN] The Dutch Eendracht (left) starts raising her sail as she reaches the outer basin' of Aberdeen harbour followed by the Irish vessel Asgard 11, at the start qfthe 1997 Cutty Sarkl Tall Ships Race on Tuesday. AFP
      AFP  -  42 words
    • 299 25  -  From Vivek Raghuvanshi in New Delhi INDIAN shipowners are up in arms over what they say is an erosion of their share of coastal cargo with the entry of foreign lines, through the back door. Foreign lines are
      299 words
    • 589 25  -  wtwarctofly viable: Victorian govt From, Jerzy Farynski in Sydney ORIENT Overseas Container Line (OOCL) has pulled out of a development at the port of Melbourne after the Victorian government imposed a six-day deadline to close the deal. The
      589 words
    • 1009 26  -  INDONESIAN AEROSPACE INDUSTRY: TRAIL BLAZER The home-grown new-generation N250 commuter aircraft is an important element of economic development strategy By] Hari Laksono The writer is senior executive vice-president of IPTN The Ralls Royce Magazine THE first flight on Aug 10, 1995, of the N250, demonstrated
      The Ralls Royce Magazine  -  1,009 words
    • 221 26 PACE Eureka** t Act n AM. 3 rmam 7 Accord 12 Appmhip s Foon flSun 12 ST 3 4 Antral II rtr<M U Avmt 4 ft 7 Ki 7 1— GoMM 12 Gum GUM 12 R'tMM MM \7 COM 7 W*""* 0 CMA
      221 words
    • 13955 32 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT CTA CTA Mmttev VMM) Vo»*B* TaMphona ETA ETA Advarttiar Vassal Voyaga Talapnona SM Dast'n Nam* Nam* Nwatar NawOir SIN Onfn Nam* Nam NunAar Nun*ar A C T» ABIDJAN (ABJ) 2003 lb CADIZ (CAD) 2487 Ivory Coast, Cote D'tvoire Spain 22/07 am COSCO JIANHE «e 45-*****00
      13,955 words
    • SHIPS IN PORT
      • 614 39 Vessel Vey Ho Bert* Arrtvel Pe»ertm mmk* ww 5S/22S# MMNcIW m ju 7 ,?52? WW J02 4tMIMl T7 07/2)00 «ww *i 22KSS2? n wis jn M2522. iS™ S £52 "oVnro ixm J04 *n«*ii«i *07/1700 r B* JO *3* *OJ/M00 ,_L 3701*7 JO) 07/2300 i#c Cjprinr ***** JB JJ-SJC32
        614 words
      • 1587 39 BECEIVINC OF EXPORT Fa COWTAIHEWS AMD LCt CARGO BooMiQ/BalMCt Rstls SMp Yoy Mo Ett/Btr Nriod Fraw T> Fr— ha Uhr 0*B B/239* H/HOO */*9* 16/1*00 I6/1T00 17/065* 17/0*00 i it/btw iMm b/mw 4 IT/BOO IT /M9* B/BW Mita a« nmm i mm ww www a vm i7/om b/mw
        1,587 words
      • 201 39 JUV Brunei: Maulud Rasul. Indonesia Birthday of Prophet Mohammed. Malaysia Brithday of Prophet Mohammed. Egypt, Lebanon, Ivory Coast: (tentative) Moslem Prophet Mohammed's birthday (dependent on sighting of the moon). South Korea: Constitution Day. Tunisia: (tentative) Mouled. Jul IS India National Stock Exchange closed for Moslem festival. Bom bay
        201 words
      • 858 39 THIS report, compiled by Cockett Marine Oil Ud. shows price ranges In US doUart instead of tingle price* tor a more comprehensive description of the market. Price* shown are baaed on average sized stem Market movements are Indicated. The Cockett Bunker Price Index change and the
        858 words
      • 392 39 CortM IN Mm 992J A3 15.4 0.00 15 047 M10 *QMgl Mar NmMm Ask UmUm SoMonM Ho Mow £25 3 0 1 0 0 0 %(t/tl 380 AM 9044 02 OJO* 39 042 Com 380 Mm 9911 0.9 17.6 O.Q M 049 Win %w %V* Mil
        392 words
    • AIR & LAND TRANSPORT NEWS
      • 388 40  -  High-level talks to expand two-way air traffic rights begin today By Felix Chan [SINGAPORE] Flag carrier Singapore Airlines (SIA) yesterday said it was optimistic that something concrete would result from talks between Indian civil aviation representatives and Singapore government officials being held today. "We
        388 words
      • 413 40 AFP [LONDON] A 72-hour walkout by British Airways cabin crews last week cost "tens of millions of pounds", chief executive Bob Ayling said. "Last week we needlessly lost tens of millions of pounds. We also lost reservations which were
        AFP; REUTER  -  413 words
      • 133 40 Reuter [BEIJING] China has simplified procedures for trucks passing between Hongkong and the southern city of Shenzhen to try to speed up cargo shipments between the two cities. Under the changes, effective from Tuesday, many inspection duties formerly divided between customs and immigration departments
        Reuter  -  133 words
      • 302 40 AFP [TOKYOJ The families of four Japanese passengers killed when Korean Airlines (KAL) 007 flight was shot down by a Soviet fighter in 1983 yesterday won a million dollar lawsuit against the airline at Tokyo District Court. Chief judge Tsuyoshi
        AFP  -  302 words
      • 252 40 Govt dopt may face contempt chargos: Asia's Emerging Dragon Corp Bloomberg [MANILA] Asia's Emerging Dragon Corp said the Philippine government violated a court agreement by awarding a contract to build a third international airport terminal in Manila. The Department of Transportation and Communication signed
        Bloomberg  -  252 words
      • 283 40 Reuter [SEATTLE] Boeing Co officials said they were confident of overcoming stiff European resistance to a planned merger with McDonnell Douglas Corp despite the breakdown of marathon negotiations in Brussels. "We feel there is still some room for some discussion," Boeing spokeswoman
        Reuter  -  283 words
      • 182 40 Bernama [PEKAN] The first Malaysian-made truck, to be produced by Malaysian Truck and Bus Sdn Bhd (MTB) here, is scheduled to hi launched by Prime Minister Mahathir Mohamad on Oct ML DRB-Hicom Group executive chairman Saleh Sulong said thi the Prime Minister's
        Bernama  -  182 words
      • 1260 40 CITY FUGHT ETA FU6HT CTP MM* OFtl 1930 0F62 2055 VMT4I 010 ***** MO S0229 2220 HatYai TG407 2105 T640I 0620 kmtttrim KL643 0455 2300 WH 280 MW96 MB 0125 0655 0L26 2355. No CM MM VW74I 1310 S0I72 *930 S02S 0655 S026 2355 S0V7I M20
        1,260 words
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    • 474 26 Una* A MrvtoM npraMMM byMmbwtofflwftaaMyof AocmMSNpptngAm. »po»Mek*wl Shipping A*e XjJßk Mmtantlta an«*oi» Fnighi Hmmtmf AaaooMtan. SffIPPINOTIMRSONT .INK Just talk to as... •IrisLim 740-2044 Tan LipChuan 740-1645 Jarrod Leong 740-2069 Ml? njt taum twi MM i*M Itwlmr MMMM n* S5 MX rnm nm mm iw n*|ajy| mr mu em mm m
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    • 1017 27 PACIfIC SOUTH WEST EXPRESS (PMECT) ALSO ACCEPTING MAMAUS VIA LAX/HOU vea vor I m Iswro Ismpd ui Id* I lure I n. I hou 1 mm 1 sm mown im \vm lmm it/iy |nm w/B7 n/v n/v nm Inm n/v n/v |h/m I I I 1 Mikt I|f yjy /Lg
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    • 1297 27 HANJIN SHIPPING IM I" "I"I- |?t» I- hl-l- I-BTTor- 'mTnftT'm TTTiB imamm u&_u/v um mm mm w m »m am mm iw iw mi ,vu ga tt: vm am nm »m »m um -j£r l£r-jj^T-f£r o 'g uZ W* iSns -SS-5S- ZZ ZZ ZZ IZ "g m xm «i: sw-aS-^-IS-gg
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    • 82 27 (fWll ORIENT EXPRESS UNES (U.K.) LIMITED Uri, (MANAGER FOR SHREYAS SHIPPING UMIIED) __WEEKjy_SjNGAPORE/MUMBAI (BOMBAY) SHUTTLE VOY miwoii wmy vcsa vor bombay smgapok OOCI ADMIRAL 003 22/07 3Q/Q7 JUTHA RMBCHART 002 07/07 16/07 MEGHNA 827 28/07 05/06 OOCL ADMIRAL 001 14/07 22/07 JUTHA RARICHART 004 29/07 07/06 MEGHNA 826 20/07 5/07
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  • Page 28 Advertisements
    • 936 28 «r dsr-sehator aa»«i* |Si|ai|r,|!r,|rJr,|r" NMUMTOMVO «M7MI*IM I 11M STHTBHMMtEMTOK K731 MM IN MIM U. 17 MI7 HI7 —I— WWII armlu Imm m iui ta iiji km chotmbmm cetm km m mm km 11 m mji nww— mlul UN mr senator htm km mm km n« km km i—>w (rmlaiil nil
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    • 630 28 I NORASIA I LAB I HSC SOPHIE 17M4 M 7 Ml I7M 1«M 1«M Ml IMI Ml 1411 15M IMS I NOR SHANGHAI 9779-3 2*87 IMS 14M 17« Ml 278 i 23M 2MM TIM 22M 28M I MSC ALEXA DM KM Ml 2i« MiMMMNiMMW I NOR FRSOURG 9731-3 13M 2MI
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    • 457 28 UNI WW A mi SSIMM MXi sail#97 yissa vor m> m mm m nt ra sum mm sraa in limaan ¥i7i/»7 m n/a Mtaarr wi/v »/v inom viM/w n/97 n/v im vmc/w m/p m/v Mtaarr via/w h/v m/v m«ot vi m/n js/w tt/v inam wji/v n/v nm inosm yih/w »/v
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  • Page 29 Advertisements
    • 1029 29 Ivw. VOV MM POU PKO POM OLW I* 1 —c MAM QHOYAAAAT PJL-1244 20/07/07 27/07/97 22/07/97 VUSSfff 08/00/97 VMM Mill >ll PJL-1238 30/00/97 10/07/97 11/07/97 BIANOHBYAMAT PJL-1230 21/00/97 01/07/97 BOMITMBM PJC-1210 10/00/97 20/00/07 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZMBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN.
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    • 745 29 COSTAD SDIPfIItSWIB JJJJjW"* uus/m«s «««i/« wmnxnvm owns COSTUMiNCIES(M)SDNBW I _gjjft2]ggg<gg T/SHWT DOT *****15 1: IM7-U Milt Mb IM7-fflll?> nm \v~lm sw m m m mm m m m mi m m nt sha m P^TsSsflsßSsSs^^^^ UKAOtt 17/W Jl/V 00» n/M OMR UK/UK OVW OVV Vm \l/V MMI »•■<««>.■. (SI TiMS*
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    • 440 29 /-JLIPERKAPALAN DAI ZHUN^ jg§y TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 -JJj.WgjW K9CHM+fASTISTnAMStT 4 i Z~MMAA MtKHUTY BitTM J 9mmm 8600,1 ***** ~/l7 I CM ***** 19/17 f omu n/v g own 9744 21/47 Ml: SIMM AffU *****
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  • Page 30 Advertisements
    • 1211 30 I I SGP ROM ANW HBO THP ZEE LHV LHV W DM Ml NN NL SAP E. ROUNO RW-027 IM7 MM 11M NM 11/ M IMB 13* E. BOMS RE-M7 22/ M JSM OM IMI Vim *1/17 2M7 ■E. RENOWN RW-124 !M7 IMI MM 1M tIM 1W 2IM E. QUEST
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    • 898 30 JUMWttUR 001 7TS-01 S» oil* VW I4M UM COMCOCO W4J-03K IJ/W 13/17 15/17 11/ V H/W I Mmcl (Mna Qaboos) vM Abu Oh»t». Riyadh *M Dwnmwn I tium ossw-on 21/w ?s/o; ?i/07 20/17 umvkoi oo**ovo?o !j® 7 ivw I SSSL L 5 2fi V™ W OASIS OHISS 07/07 M 7
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    • 335 30 re* NANTAI LINE RHLY CONIMNBNSED SBtVKETO MAWHTWS/SOUTH AHHCA vgsa IWT I a |hi w <n ikhmwki his y/n imi ivw aurowis bis vm wn urn t\m **i wis ivw am n/m om mm webs his am vm m jWHOKBI BB MM W/W M/T nwaiDttw ms «/w m vm Mt IUNUnM
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  • Page 31 Advertisements
    • 575 31 jl M| MYANMA wBBk FIVE STAR UNE f WrMMI NMtoMl UM) lndh| Iw Ym|N (RMfMI) Vissa VOT SM FM FM FM FMM 244W SU FiMM 142W SU BAU VSU AOOnS: MMSTIAO SMFPOM AOBKKS ML IB IM3-MI73M F*L IB IM3WMUI FBk IB IM4-MIMM FOB IB MW-*****21/4 BANK UNE (A Mrvkt AWrtw
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    • 1176 31 ▲HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKQ: *****32 M IM I MB I MB I MB I Ml I M NT NO NtW lt/17 M/M w/N W/N N/N N/N 11/N MTtO—own M7W 17/17 11/N U/M U/M 14/ M 17/ M 19/W MVNMML MM* M/M M/M tl/M M/M M/M
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    • 506 31 (fc FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 s/ HOT LINE; gjMSg ffIJJHES) Mi 4 SAILINGS A WEEK TO S BANGKOK 1 J AND REGULAR SAIUNGS TO k CMABANG THAILAND Vbmmkok I f FOR BOOKING n *****33 CONTACT AMY P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7
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  • Page 33 Advertisements
    • 27 33 To retrieve more schedules, just follow these simple steps... document 740-6000 tep be the port Step key in the four number code for calls within Singapore iJflft&d
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  • Page 35 Advertisements
    • 344 35 w*Wyia*Ki fl| ■ODICfII SarvkM to Caribbean m iTm *o A Caotrol Amarica AFIiAMN Afl KOREA 017E 017E Port Country 23/07 30/07 W»C*y btkz» 26/08 02/09 Bodgetown BaAodo. 29/08 05/09 I Cortagtno Colombia 28/08 04/09 Catfri« St. Lucia 28/08 04/09 Fort d* Franc* Martinique 29/08 05/09 FrMport Bahamas 24/08 31/08 Kingston
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    • 1015 35 ADVANCE CONTAINER LINES (PTE) LTD A I 140 Cacfl Stwt, #12-00, PH. BuiMng, Singapore *****0 LeZ TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. *****M0000E lAWKOK JAKAOTA (I PAT IS—paUT l*ml»UH) (4MIWAM) wp ~voy k jg m ANAN BHJM Z jMjT 23/07 V*d 26/Q7 Sot SSTO Sfr to
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    • 656 35 \caacLB I vor lU* I JED I PBQ I LBi I HAM I HTM 1 THP I AMR UIW T3KI 01/08 03/08 12*08 1M» 18/08 H/OB 17/06 MLLEgAOUAIMM U2IW 27/07 (W 06/06 17/08 18/08 20/08 21/08 22/08 WIiHTWm A2IW 03/08 13/08 18/08 24*08 28/08 27/08 28/08 2MB WU£DtC/MW CMW 20/08
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    • 14 35 I REGULAR CONVENTIONAL I [—ww n/v n/v nu/im/m/m I ■nohuuom ts/v aaam/maktaa I I
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  • Page 36 Advertisements
    • 891 36 1 '>FHKnlfcAh4 Z VCMa WY SIN BKK VESSEL VOY WW PKI XETHABHUM 210N ThU In Pt Sw~Taio7™ OURU »HUM 7788 Ttw |Iw pT" FW WOT ANANBHUM 155 M IZT~ 22/07 ■•«**> P** "P I 18/07 tun 20*07 NANTABHUM »4N~ to~ 155? 55" "507~ MMU»«M 7387 Sun I 20/07 Mow ttm
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    • 418 36 jEs POL INTERNATIONAL LINE I I •jogssst IVOT B SB I ■ggaffli la U%E ra B a»| I I I 1 I II I Sua Sffin wJRm I »%rl va Ivor l S| hi i a i»MWI —«t I lit I MMI CUM I OfT I lti»1 lIK I T7/17
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    • 585 36 1 ACCORD A SHIPPING PTE LTD m. *****5 M (40 Umm) FAX *****J4* NUam t m M OMCT ACCISS m i 22SSSS7 (IXPOCT BOOMNO) WW WW x 1177 mm 7 (tXFOer DOq. *****64JWF0«T) WW mm 144$ wsmm UMffm/Awi(wj>ccow.coigo jmbmu mttmtm yotf IT* sin I row man potr nnwlwi raw (FAR
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  • Page 37 Advertisements
    • 401 37 SINO IXPRISS SHIPPING 11 COLLYER QUAY *06-01 THE ARCADE [SiNOTRANS I 8 (*****7). TEL: *****00 FAX: *****08 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSa VOYAGE ETA SiNCAPORE Ett HONGKONG ETA SHANGHAI NORPSUND 9702 18/07 24/07 21/07 I NEW KAJHUNG 9706 25/07 30/07 04/06 GOOD WEU 9720 01/00 06/08 10/00
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    • 238 37 saggsT l-kgr...-. ssiks. \HM6 TO HOHWtOM HHK TO AIKKUIID M. mTO STMUT/ i MV -aO«lA r V.728N MV "ARDMOW V.207 EIA PKG: 20-7-97 EIA PKG: 18-7-97 BA fKo2&7§7^ MCO CAILt HUW/ VIVMN/CHMYI TtL (03)*****77 j i BWSMWE/yyPWEY/miBOOBig I AUCKLAND 1 MV *MYK HOVBMd* VOM MV "UOMOH* V 207 ETA SIN:
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    • 87 37 |ggpipip||p||k ■*R 30/07 29/07 IMMMMUK I ■k»RAN KMM NsVfttiVAtMßnrtUK I ■WIND 18MB 1M» NarVfttiVAtartjK I J I SEA RESOURCE 1 l f Zs£l MOGUi I I I MULPHASIBU I lUOIAS JaddrtAqabal/Aigaria I 1 lot* Slnpapora. E/W. Inrtonwli IPANQUEOJ ijaMnSilnffUi OrtwnCfrtwlui*| i NortdMC*nd«n I IOKTEMAKSOV U» *nMhi*liai I I NortofeCamdan I
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  • Page 38 Advertisements
    • 448 38 Shipping Times '"SUSINESSCENTRE 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. work towards achieving the main goal. A quality which has been The
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    • 324 38 m w m m Prod^^ _^M rgl |I|4 fel ■§1 rffl M3l■ ej ej h fjHf I I 'I^'"fcf (Ih^^ m. m < V" *rj£*gpg I Multi-storey warehouse: *«A*nu.i3 M 10, CXX) square metres currently available (1,800 lo 2,000 square metres per floor) MfM B Close to PIE/AYE/KJE Second Link
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  • Page 39 Miscellaneous
    • 121 39 UGCND: R Thunderstorm Tem^" 'C A X W«oth«f _X Wind direction with tp*«d in knots aU*c y vndi w9 iidicottd by §nwi wfcicfc ffy wilK tk# vwd One M arde represents calm or light and variable winds 1_ One half fleche represents 5 knots L» One ful fleche represents 10
      121 words

  • Page 40 Advertisements
    • 124 40 Feeder lines utilising the facilities at the port of Chittagong have endured long delay in port primarily as a result of acute congestion within the container yard. The Chittagong Feeder Trade Committee (CFTC) has conducted a meeting and thoroughly reviewed the conditions. The current vessel port stay between mid June,
      124 words