The Business Times, 31 July 1997

Total Pages: 44
1 44 The Business Times
  • 13 1 THE BUSINESS TIMES MTTA (P) 023V12/96 85C SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, JULY 31,1997
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  • 3 1 ■BH|
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  • 10 1 BHUW <44 1MI tttMIT Mu 1140 (Source: NatWest Bank)
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  • 34 1 [TOKYO] Government investigators entering the headquarters ofYamaichi Securities here yesterday in a raid of the brokerage s offices. About 100 investigators took part in the raid on the headquarters. REUTER
    REUTER  -  34 words
  • 577 1  -  Penalties severe bat won't cause damage; raid en Yamaiehi HQ is latest action in sokaiya scandal From Anthony Rowley in Tokyo JAPAN'S Ministry of Finance (MOF) yesterday announced severe penalties against the country's leading brokerage Nomura Securities and major commercial bank Dai-Ichi Kangyo Bank
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  • 460 1  -  By. Jennifer Lien [SINGAPORE] IPC Corp has more than tripled its interim net profit to $18.8 million, beating analysts' full-year estimates of $15.7 million. The strong results, announced after the market closed yesterday, fulfilled the expectations of punters, who drove up the stock
    Source: Bloomberg  -  460 words
  • 725 1  -  By Diana Oon, Abdul Hadhi [SINGAPORE] Several potential property buyers and BT readers yesterday blasted developers for urging the government to curb land sales. After having had it so good for so long, developers should face up to the downturn in
    725 words
  • 55 1 AFP [NEW YORK] Wall Street's blue-chip Index topped 8,200 points for the first time in early afternoon trading yesterday as share prices were buoyed by a strong bond market and favourable corporate earnings reports. At Ipm EDT, the Dow Jones industrial average was up
    AFP  -  55 words
  • Page 1 Advertisements

  • SINGAPORE AT HOME & ABROAD
    • 670 2  -  Law Ministry will set tip permanent centre to mediate in commercial disputes By< Chuang Peck Ming CENTRAL control will still be kept on curriculum and standards in the move to let schools develop thinking students on their own, Education Minister
      670 words
    • 567 2  -  S'pore diplomats take stock a* economic competition grows By' Yang Razali Kassim FOR the fourth time, Singapore's "reconnaissance scouts" on the world stage are regrouping again. Some SO heads of missions and high commissioners from various parts of-the world, as well as
      567 words
    • 360 2  -  Netnuß will certify identities of parties talking oyer the Net By Toh Han Shih NETRUST Pte Ltd, the first Internet certification- authority in Singapore and South-east Asia, was launched yesterday. The authority acts as a trusted third party that certifies the identities of two
      360 words
    • 197 2 A GOOD-class bungalow site with redevelopment potential at Victoria Park in District 10 has been sold for $15.25 million or $480 per sq ft (psf) to a Singaporean investor who declined to be named. On a psf basis, this price is slightly higher than
      197 words
    • NEWS Roundup
      • 108 2 THE pre-trial conference cfRaJ and Aaokjuunar, better known as the Royal Brothers, has been postponed again. Theconference date, adjourned once before to yesterday, has now been changed to Aug 27. Replying to BT*s queries, Deputy Public Prosecutor Muhammed Hidhir said the adjournment was because both
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      • 122 2 ASIA'S largest electric power exhibltioiH»m-coQfhreßce, Power-Gen 97, which will be held at Suntec City on Sept 9-11, is expected to draw 7,000 visitors, said its organisers i yesterday. Pennwell and Times Exhibitions and Conferences said more than 100 exhibitors from 90 some 2SO companies.
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    • 355 2  -  EYE ON THE ECONOMY Communications By i Chee Jann Perng AFTER falling year-on-year every month in the first four months this year, the number of new vehicles registered picked up in May and June. May saw a 7.4 per cent Increase in the total
      355 words
  • Page 2 Advertisements
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    • 248 2 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. f Call CJLT.&. at re? 1800-737-1166. fo TA I Anottw Classified Servtcs DsNODmI 1 O the high speed (12ppm) high fIUCrIU I(■ volume workgroup laser printer FHSu Jk MINOLTA r -TTw^l
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  • Page 3 Advertisements
    • 289 3 I A > tV V- v*v-. I BH||^|EppPH^a^^lS^^a^a^^BPß^l^Eißp%>C• s v '^rt.. .rT^rjfiliHnSya^B^ -w. > "i-' "t.- '^i\& y V" .-i w I vn- :r m& ktwmw «i 1 i Willi "ii H|Oii <bhHl^H < f !?jis»oig jB B'» nnpiwi HbBUWV I B?cgis:s««B«l»li!MHfft.HMMWiitgpi/jibi»JiLl£y.-j jMKM miFP I 0 FHMBBTPMh hi ■'lii^B"M H
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  • FOCUS: PROPERTY
    • 479 4  -  LETTER FROM REDAS PRESIDENT TO LIM HTO KXAMO Heng Chiang Meng FURTHER to my earlier concern on the private housing rental market, I think the private residential property market is much worse than previously thought The article on the market situation in
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    • 487 4  -  LETTERS TO THE EDITOR Silas Wong I REFER to your article about the Redas letter to the Minister of National Development. To be brutally frank myself, I am shocked and incensed at the contents of the Redas letter. The main message, shorn of all the
      487 words
    • 209 4  -  Mok Chek Pfam AT LONG last, the truth is out. The Ministry of National Development's anti-speculation measures implemented since May last year are effective then. The role of the MND is to keep property prices affordable and stable. For a while, it seems that the
      209 words
    • 641 4  -  Ayal* International wffl be spearheading its growth in region By Jenny Lam [SINGAPORE) The Philippines' oldest conglomerate, the Ayala group, is expanding its regional presence in the areas of property and food through its Singapore-based international arm, Ayala International Pte Ltd (AI).
      CHRIS LOH  -  641 words
  • Page 4 Advertisements
    • 299 4 CROWN MAJESTY Spacious staterooms. Attentive service. Cosy ship. Cabaret entertainment. International cuisine. Panama Caftal DAYS Fly/Crui«e/Fly Acapulco-Montego Bay from 9 9 0,00 0 'jjUka of Call; Acapulco (Mexico), Pto. Quetzal (Guatemala), Qofinto (Nicaragua), Puerto wZSera (CcMita Rica), >anam& Canal, San Bias, Montago Bay (fama.ca). Singapore Nov OT ISTov 28, Dec
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    • 231 4 tower one THE PENTBOPSE FOR COMPANIES WHO NEED QUALITY SERVICES. FACILITIES BUSINESS CENTRE! PROFESSIONAL MANAGEMENT >- Fully Furnished Serviced Offices with Unsurpased Views >» Multi-lingual Secretarial Support >- Personalized Telephone Answering >- 24 Hours Access with Security Cameras >■ Flexible Leasing Terms >- Conference Latest AV Facilities >- Virtual Office
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  • AT HOME & ABROAD
    • 532 5  -  HMh aflkai m dties, OMtactSTpmrifl ilwirtmhkfcr b*< Catherine Ong THE government is stepping up efforts to woo foreigners to study and work here with the launch yesterday of an agency that will also act as a link for Singaporeans
      LIANHE ZAOBAO  -  532 words
    • 435 5  -  Price cits ui By* Teh Hooi Ling SMALL telecom equipment retailers are finding the going tough four months after the opening up of the mobile communications market According to Derrick Wong, president of fiie Association of Telecommunications Equipment Suppliers (Ates). some dealers "are forced
      435 words
    • 254 5 SINGAPORE Telecommunications will spend at least $20 million to tackle the millennium bug. Ng Yoke Weng, SingTel's chief information officer, yesterday said Sing Tel will use an estimated 2LOOO man-hours to rectify the problem. That alone could add up to $to million
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  • Page 5 Advertisements
    • 129 5 I &njou U£e /Buxury Of CZnoasuof vanity, The <J£ e CP£tjiomer SpCl Fhytomer Spa at Shangri-La's Rasa Sentosa J Resort offers all the facilities of a city spa in a 5 star resort setting. Set in the lush tropical greenery of Sentosa, you will be transported into another world. Spend
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    • 25 5 I The Commf Riaae. The restaurant above the world's tallest hotel. The Westin Stamford. Call 431 6156 for mernlm. «w nc vw» r niimul ..v-■
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  • Page 6 Advertisements
    • 1478 6 I BanLWustria I I 3.st Deceaber 1996 (In ATS thousand) run, i.rt Pceewber .996 (In ATS thousand) 1995 (U. *IS I I ™"——"™1. Due to credit institutions I I l. Vault cash 8 578 due on demand 35,615,397 25,953 I Balances with central banks and postal giro offices /.ioo.o/a b)
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  • SOUTH-EAST ASIA
    • Article, Illustration
      64 7 [ANLONG VENG, Cambodia] Notorious Khmer Rouge leader Pol Pot during his trial on Monday as his former comrades denounced him at the Khmer Rouge stronghold of Anlong Veng in northern Cambodia. The veteran revolutionary and three of his top commanders were "tried" and sentenced to life imprisonment for
      AFP  -  64 words
    • 164 7 HONGKONG AFP ASIAN'S business executives have least confidence in China's banks and trusted those of Singapore and Hongkong most, according to a survey released here on Tuesday. The survey carried out by the Hongkong-based weekly Far Eastern Economic Review said 67 per cent out
      AFP  -  164 words
    • 502 7  -  BANGKOK Top finance official's removal leading to Opposition plans for no-confidence motion Reports by Harish Mehta THE removal of the top Thai finance ministry official, dubbed Bangkok's Mr Clean, is central to the opposition parties' proposed no-confi-dence motion that could further
      AFP  -  502 words
    • 383 7 THAILAND'S foreign exchange reserve figures, due out today, are forecast to plunge to their lowest level since March 1995, following vain attempts by the central bank to defend the embattled baht, analysts said. The precarious foreign exchange reserves position highlights the need to obtain
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    • 330 7 HANOI AFP AN official at the State Bank of Vietnam said a stable exchange rate was essential to protect the interests of investors, a newspaper said here yesterday. Vu Phuong Lien, vice-di- rector of the bank's Foreign Exchange Control Programme 'told the
      AFP  -  330 words
    • 376 7 MANILA Central bank's twin moves will farther weaken unit: traders AFP THE Philippine peso fell sharply against the greenback yesterday as monetary authorities braced for further currency speculation with new rules to flush out dollar hoarders. The peso closed at
      AFP  -  376 words
    • 287 7 LANGKAWI He says if there were no speculators, all would be stable Bernama CLAIMS by rogue speculators that the ringgit fell sharply because of Malaysia's weak economic fundamentals do not hold water, the economic adviser to the government, Daim Zainuddin. said yesterday. Before their speculative
      Bernama  -  287 words
  • Page 7 Advertisements
    • 107 7 II I «.H. it -1' >-u f a.testoni h&<»> HILTON HOTEL SHOPPING GALLERY MANDARIN HOTEL SHOPPING ARCADE RAFFLES HOTEL ARCADE BOLOGNA MOANO ROMA MRS NEW YORK KVOtDf MILS HONOUUUJ TOOK) OSAKA YOKOHAMA MGOVA KTOTO MM HHMHMA SBOUL PISAN CHqU BERING TATH TAKHUNG -KAOSUNC HONG BONG SINGAPORE JAKARTA 3URARAR BAOTOK I
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  • CHINA-HONGKONG-TAIWAN
    • 454 8  -  TAIPEI Taiwan govt sees devaluation of robust NTS as a much needed export boost By 1 Bruce Cheesman CURRENCY speculators have jet their sights on yet another \slan unit but in this case, lie attack on the robust Taiwan dollar has Taipei's
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    • 262 8 BEIJING But official says downturn could be a technical correction AFP CHINA'S Foreign Trade Ministry announced yesterday an almost SO per cent plunge in contracted foreign investment during the first half of this year. Total pledged foreign investment in the January-June period
      AFP  -  262 words
    • 173 8 HONGKONG Reuter HONGKONG'S stock market gave the territory a huge vote of confidence yesterday, storming to record heights just a month after the former British colony became part of China. The Hang Seng Index jumped 211.12 points or 1.34 per cent to close
      Reuter  -  173 words
    • 31 8 [BELJING] Wu Wei of Bering with a young child yesterday as he carries an oversized promotional plastic beer bottle Jbr the sixth Beijing International Beer Festival. REUTER
      REUTER  -  31 words
    • 656 8  -  GHOUL WATCH But ITtn I*M*fftr lUp I*—***1*—**** 1 to SAB.? By Lu Ning CHINA confirmed at the weekend that its cabinet has appointed former Chinese ambassador to Britain. Jiang Enzhu, as the new director of the Hongkong branch of Xinhua News Agency, which
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  • Page 8 Advertisements
    • 760 8 H Paribas Head Office: Banque Paribas, 5, rue d'Antin ***** Paris, France. Singapore Branch: 80 Raffles Place #43-01, UOB Plaza I, Singapore *****4. Tel: *****00. Exchange rite it December 31,1996: USDI FRF 5J (In mflfions, at December 31) 1996 1996 1996 (USD) (FRF) (FRF) TheMuiy operationa and interbank tranaactiotts 3W94
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  • ASIA
    • 573 9 SYDNEY The fifth rate cct in a year comes after reports of low inflation and slow wage growth Bloomberg, Reuter AUSTRALIA'S central bank yesterday cut its benchmark interest rate for a fifth time in a year in an attempt to
      Bloomberg,; Reuter; AFP; Source: Bloomberg  -  573 words
    • ASIA Notes
      • 94 9 Bloomberg PTTHTWIrt ftHtmit. fl lc«V mMttlTB Of manufacturing strength, declined 3.1 per cent in June as higher taxes slowed spending at home, forcing companies to cut production, the government said. It was the fourth decline in the last five months and was more than the 3.1
        Bloomberg  -  94 words
      • 90 9 Reuter [WELLINGTON] New Zealand yeeterday set the dates Nov 13-14—for a conference intended to ponder ftiture directions for population change and immigratkm. Prime Minister Jim Bolger said that the conference, proposed as part of the agreement that brought his centre-right coalition government to power, should
        Reuter  -  90 words
      • 86 9 Bernama {TOKYO] Wedding-related services in Japan boast annual sales exceeding one trillion yen (5112.3 billion) in 1906. A survey by the Ministry of International Trade and Industry showed a total 0f3,029 entities were engaged in wedding-related services as of Nov 1 last year. Their combined annual
        Bernama  -  86 words
      • 93 9 AFP [WELLINGTON] Currency fluctuations, price-cutting by other destinations and a high New Zealand dollar were behind a 3 per cent drop in visitor arrivals to New Zealand in the June quarter, say tourism officials. Statistics show that visitor arrivals fall 10,000t0288,900 in April,
        AFP  -  93 words
    • 179 9 PATNA, India AFP, Reuter A FORMER close political associate of Indian Prime Minister Inder Kumar Gujral was jailed here yesterday over a multi-million-dollar scandal, court officials said. Laloo Prasad Yadav's plea for bail was rejected after he surrendered to a court here.
      AFP,; Reuter  -  179 words
    • 267 9 DHAKA Reuter, AFP BANGLADESH'S nearly one million factory and transport workers walked off the job yesterday to protest against the government's privatisation policy and to demand higher wages, government and union officials said. "The country's economic life has almost collapsed due to the workers' strike,"
      Reuter,; AFP; REUTER  -  267 words
    • 379 9 SEOUL It will cot its 28 units to five and focas solely on auto-making AFP, Bloomberg SOUTH Korea's ailing Kia Group yesterday announced a drastic downsizing plan under which it will reduce its 28 subsidiaries to Ave focusing solely on the auto-making business. The plan
      AFP,; Bloomberg  -  379 words
  • Page 9 Advertisements
    • 113 9 SI I s I>l s|(,\| I) U >l< B i o\(,i k 11 (,(,i D H n<i \ll KI s j I', f L .i t SINGAPORE'S MOST LUXURIOUS SHOPPING ENVIRONMENT IS NOW JJR A LINKED TO SINGAPORE'S MOST EXCLUSIVE FASHION GALLERY. \HI A A Tettooi. Ann* Molinari Bhimerine Brigari.
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  • THE WORLD
    • 249 10 LONDON AFP FOREIGN Secretary Robin Cook was accused yesterday of plunging British arras export policy into confusion after allowing the sale of Hawk jets to Indonesia to go ahead. Shadow foreign secretary Michael Howard said Mr Cook should have made
      AFP  -  249 words
    • 361 10 Police fear more blasts; no one claims responsibility for suicide attacks Bloomberg, Reuter TWO suicide bombings in a crowded central Jerusalem marketplace killed at least 13 people and wounded at least 150, Israel Television reported, quoting people in the police and security services. Avigdor
      Bloomberg,; Reuter; AFP  -  361 words
    • 329 10 GENEVA Move after US complains Jakarta violates open trade Reuter THE World Trade Organisation (WTO) acted in flavour of a US complaint on Indonesia's car policy yesterday, ruling for the dispute to be settled by a panel set up to consider similar requests
      Reuter  -  329 words
    • 303 10 LONDON AFP BRITISH Prime Minister Tony Blair yesterday defended the tough monetary policy of the Bank of England since the Labour victory in May, which has been blamed for penalising exporters by driving up the value of the pound. Mr Blair said
      AFP  -  303 words
    • 272 10 PARIS French insorer rat be broken «p tad »old by the tad IMS Bloomberg GAN's 24 billion franc (5J5.7 billion) financial rescue by the French government was approved by the European Commission on condition the unprofitable state-controlled insurer is broken up and sold
      Bloomberg  -  272 words
    • 154 10 WASHINGTON AFP A KEY Senate panel yesterday approved former White House aide Stanley Roth as the top Asia hand at the State Department. Acting quickly, the Senate Foreign Relations Committee also approved new US ambassadors to Russia, France, Germany, Britain, Bosnia, Guyana,
      AFP  -  154 words
    • 577 10  -  milHIflOM WASHINGTON By Leon Hadar THIS was supposed to be the season in which the Republican troops on Capitol Hill were to launch a major assault on the Democratic-controlled White House, expose dark secrets of international intrigues and political corruption involving President
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  • Page 10 Advertisements
    • 664 10 r i Dun Bradstreet and RW University of California at Berkeley, University Extension present a Seminar on o'«« T powerful FORCES are shaping new INTENSIVE WORKSHOP ON: COMPETITIVE REALITIES EMERGING GLOBAL OPrOKTVNrnES: Organizations everywhere are confronted with the rapidly changing complexities .1) Risk A Rewards 2) Leveraging the Internet for
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  • Page 11 Advertisements
    • 212 11 K I Bg, M. w£* "tl. 4 Ej r& <S MlPIh IB* ><r v iff MLt^L Hi "5 -7 Jjt jgjg. Kr y Mf%v Ml r > *!>■ I ■■L# I'' jllbjirlL' .sv. ■'it I v i Bk| <9^ \*>>» >— ''.JM&34JW- v... W.".V'sf. 9 «n w II *VK|^■Li JKi;
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  • Page 12 Advertisements
    • 281 12 1 1 >. y f < f wSj M V 1 I I I V I li k \n II f A Wm Kw J 1 1 r I I l C 1 B 1 1 pll f If r" —v 't *-'«n i«ifc '-7 <••- I **^^'^K^.ir*J» i <t
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  • Page 13 Advertisements
    • 166 13 r T 1 K International ■»yn:r^u 1: h Courtaulds Coatings Daihatsu Diesel Rh Singapore Pte Ltd (Singapore) Pte Ltd 3 Neythal Road Jurong Town 15JooYeeRoad Singapore *****0 Singapore *****0 Tel: 261 5033 Fax: 261 5871 Tel: 268 6990 Fax: 268 1061 I-- 4- < O MESSER® Engtek Pte Ltd Cutlin
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  • Page 14 Advertisements
    • 192 14 r T "ZZI 1 —»-?IOO j SINCE 1970 Jk Rico (Pte) Ltd j Schottel Far East (Pte) Ltd j i 80 Genting Lane j #08-01 Genting Block i i j 23 Gul Drive 4 Singapore349s6s Singapore*****l i Tel: 745 8472 Fax: 747 1151 IBsSd j Tel: 861 0955 Fax: 861
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  • EDITORIAL & OPINION
    • 828 15  -  THE BOTTOM UMB OPINION 'By Anthony Rowley The writer is BT's Tokyo correspondent IT IS tempting to regard Japan's corporate establishment, or large parts of it at least, as being hopelessly corrupt in the light of recent scandals that have linked big-name companies
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    • 115 15 The late Botak Chin, one of the most notorious criminals, was very intelligent Unfortunately, he used his mind for the wrong reason/ a Malaysian psychiatrist on the proposal by his country's Education Ministry to award marks for student behaviour. 'Even the sharks are friendly here.' -lbkuMdluni a
      115 words
    • 650 15 EDITORIAL THERE was a collective sigh of relief from everyone in Hongkong who valued stability and order when a challenge to the legality of the Special Administrative Region's provisional legislature was dispelled in Tuesday's ruling by the Court of Appeal. At a time when the new
      650 words
    • 1013 15  -  Chin* needs an effective macroeconomic management system to avoid stop-go growth By Yu Qiso THE CHINESE economy achieved a soft landing in 1996, and for the first half of 1997, its inflation remained under control. Will the economy heat up in a new round of business cycle
      FILE PHOTO  -  1,013 words
    • 835 15 I—i iw aw THERE is little sign of the dust settling within the international community in the wake of last week's decision to admit Myanmar to the Association of South-east Asian Nations (Asean). Asean has clearly failed to persuade Western countries to give "constructive engagement" a
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  • Page 15 Miscellaneous
    • 36 15 POOMESBOET By Garry Trudeau 20NK, MJHVW TV KNCHJ UHVTHeGCMEXWeWHA* fHBAUBNS JtBY I M BONG \aSS-\T2Sfr\ eeeNfIBLBTOSrONBMJALLON \Af& mvou&p H&PZP V f r I AOflVr fl /o^ r l UMsfoksoicN6rtu.m V^Ttecotex- cmxu> J iSISr-V^iJ I I I
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  • EXECUTIVE LIFESTYLE
    • 1016 16  -  But Evan Hunter's preferred identity is Ed Mcßain, writer of the 87th Precinct police series, says CLYDE HABERMAM CLYDE HABERMAN NYT AVINGan identity crisis over somebody else's identity borders on the absurd. There it was all the same when, midway through a long lunch at
      NYT; FILE PHOTO  -  1,016 words
    • 611 16 PEOPLE Dailey aAmti copying from rival's works for two novels; blames psychological problem LATWP [WASHINGTON! Heaving bosoms and throbbing loins are all very well, but if you really want to make a romance writer breathe heavily, try pinching her prose. Janet Dailey, who has sold
      LATWP  -  611 words
    • CHATTER Box
      • 185 16 AFP [LONDON] Film roles for Spied star Keanu Reeves "arent flying in", the actor has admitted in the latest edition of British gossip magazine Hello! Coukl it have anything to do with him turning down Speed 2 to play with his band, Dogstar? Reeves, 32,
        AFP  -  185 words
      • 155 16 Reuter [LONDON] Britain's Duchess of York offsrsd an olive branch to her former sister-in-law Princess Diana, after an eight-month rift cauaed by her autobiography. "Nothing can stop me loving her with all my heart," Ftirgiewaa J quoted as saying by the Daily Telegraph. Relations between the
        Reuter  -  155 words
      • 39 16 Reuter [MOSCOW] Actress Sofia Loren looking at her portrait laeoanUdby tfat organlasrs during the dosing camuuny of tiM 30th International Moscow film festival onTueeday Loren attended the festival as a gnast of honour.—Jtcalr v.. 4; r '''f-_r
        Reuter  -  39 words
      • 149 16 Reuter [LONDON] Ivana Trump's estranged husband, Rfccarde Manuccelll, began libel proceedings In England ipiillt. hie wife and her ex-husband Donald Trump, Mr Mazzuccelli's lawyers said. Kate Day, a spokaewoman fer London law firm Mfebooo da Raya, said the articles Mr MaasucosPl ellepe aiv libellous ejpp—wt
        Reuter  -  149 words
    • 802 18 PROFILE Morris Lifting, hotel the past for his larger-than-life works, has now come into his own Reuter [MIAMI BEACH] If it is true that he who laughs last laughs best, architect Morris Lapidus, 94, is enjoying a long and satisfying chuckle. The legendary hotel designer,
      Reuter; REUTER  -  802 words
    • 312 18 FILMS ABCinsarpriseiMl t§ develop dmvm ucript LATWP [HOLLYWOOD] Though the television industry has recently voiced an aversion to dramatising sensational truecrime stories, the ABC network is planning a made-for-television movie about Andrew Cunanan, the alleged serial killer in the slaying of fashion designer Gianni
      LATWP  -  312 words
  • Page 16 Advertisements
    • 171 16 S«. OFF LLENGE is an annual J f l j s and organisations. leir Company at the at a world-class .r»V TO VflP LLENGE is CHALLENGE, ted A represent e Final of the *l*|^*MBßißl^^^9HO ?SffllS ~„.t MUIIS v vecompanygoltdays .^vTT^. ed to participate in the register your team in tnrougnou
      171 words
    • 66 16 SALUT I f\ celebration offender adture ivith Jrencb ItaGtm cuisine. +c<™* mOt* jos32AQ+++ or a choice of*m carte. jr Mspedatty prepared by Mead Chef t kffd Do6(ar. 'To place rtsembons or request for a location map, please cad22s-7555. For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a
      66 words

  • Page 17 Advertisements
    • 916 17 SINGAPORE BUSINESS t. I A Giving you the winning edge Where to wine, dine and entertain..."^ inr„il. 71 kttp ://www.ana-kotels .com Not just Mafood either. Visit our home pug* and you can order tonight's dinner rom our cyber selection. Browse I through the menu, leave us your order and it'll
      916 words
    • 66 17 24-hour Coffee House Ist floor The CHicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: 737 4411 ►The new Phoenix Garden Cafe is now open Right in the heart of Orchard Road Popular Buffet Lunch, High Tea and Dinner ►Two function rooms, seating up to 130 Open
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  • Page 17 Miscellaneous
    • 698 17 TV&RAPIO S3O Talking Point Ml Indraiya Singai (R). 9jao Chicago Hope Hope &30 Iniyavai Sila. 100 PM TV Innovations. Against Hope (Last Ep) 130 Paramapadam. 130 The Winners. (See Our Choice). 7.00 Enakkulae Naan. 100 Money, Money, Money. Ml3O News 5 Tonight. 7JO Tamil Seithi News (T). ISO Tech 2000.
      698 words
    • 262 17 CRYPTIC CROSSWORD unsteady gait (7) ZZjlt— reaching goal (9) 10 Force us to give energy (5) M I I III! I I 11 Useful narrow part of a bone (5) 12 All settle somehow, false accounts (4,5) 13 Using a measure of excuse in 13 P P 16 Puts it
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  • Page 18 Advertisements
    • 770 18 Union de Banques Arabes et Francises Head OMcee 190 Avenue Chartee-da-Gaufle. ***** Naudy Cedex. France. Singapore Branch: 11 Co9yer Qua* #11-01 AM The Arcade, Singapore *****7 CONSOLIDATED BALANCE SHEET CONSOLIDATED PROFIT AND LOSS ACCOUNT ae at December 31,1996 for the yeer ended December 31, ins IMS WBS MSB (FrancMranc thouaand)
      770 words
    • 578 18 W 11 TRI-M Technologies (S) Limited (Incorporated in 9ht Republic of Singapore) /MB 25 Kalang Avenue #07-01 /06 Kalang Basin Industrid Estate, Singapore *****6 NOTICE IS HEREBY GIVBM that the Tenth Annual General Meeting of THM TECHNOLOGIES (S) LIMITED will be held at 25 Kollang Avenue #0704 Kaflang Basin Industrial
      578 words

  • COMPANIES & MARKETS
    • 609 19  -  The smallest, OUB, expected to lead the pack with spillovers from last year's very good leans growth M Clarissa Tan [SINGAPORE] It's half-time, are predicting interim profits growth of 12 to 18 jfegeut for the Big Four jggfcs, with OUB leading the
      FILE PICTURE  -  609 words
    • 318 19 [SINGAPORE] Newly-listed Asia Food Properties will be facing an uphill task in its bid to sell another US$25O million (*****.5 million) in new shares to new investors. The company, which took over the ill-fated Amcol Holdings, yesterday broke through the US$l barrier for the first
      318 words
    • 527 19  -  HOCK LOCK SIEW Bruce Cheesman SINGAPORE Telecommunications has emerged as the frontrunner in a bid by Taiwan's state-run Chunghwa Telecom to engineer a share swap with top Asian carriers. But punters thinking of picking up the phone to contact their brokers
      527 words
    • 326 19 AFP [JAKARTA] Indonesia's government yesterday gave its blessing to the sale of Salim Group subsidiary PT Indofood Sukses Makmur to Singapore's QAF Ltd, saying that the deal would add 1.7 trillion rupiah (***** million) to its coffers. Coordinating Minister for Production and Distribution
      AFP  -  326 words
    • 346 19  -  Company icfluwd of wrongfully ending a 1991 agreement By I Conrad Raj [SINGAPORE] A Vietnamese businessman is suing local cigarette manufacturer Rothmans of Pall Mall (Singapore) for breach of contract. Bui Van Tuyen alleges that Rothmans, in a letter dated Nov 21, 1995, wrongfully terminated an
      346 words
    • REGIONAL COMPANIES
      • 487 20  -  Sempec's bid accepted, further negotiations needed before foreign bids can be registered By Ven Sreenivasan [SINGAPORE] Singapore moved yet another step closer towards privatising its power sector with three more independent power producers (IPPs) submitting bids to supply electricity to the
        487 words
      • 196 20 [SINGAPOREJ Both tranches of DBS Bank's novel 24 million bond deposits backed by Teledata Singapore have been fUlly subscribed a day before the offer was due to close. DBS Bank said yesterday it had received 1,217 applications for the 18 million bond deposits offered
        196 words
      • 371 20 {MANILA] Singapore Telecom (Sing Tel) and Ayala Corp are {fusing 6.1 billion pesos (Ss3oB million) to push the expansion *f their listed joint venture Globe Telecom, company officials said yesterday. J? Globe spokesman Jones said the move, llhrough a rights offer, was
        371 words
      • 406 20  -  ELSE chief expects credit limits for share deals to ease From, Eddie Toh in Kuala Lumpur MALAYSIA'S Bank Negara may lift its recent curbs on banks' lending for share purchases, Nik Mohamed Din, executive chairman of the Kuala Lumpur Stock Exchange, said
        406 words
      • COMPANY Briefs
        • 38 20 (SINGAPORE] Lindeteves-Jacoberg Ltd has agreed to buy up the remaining 49 per cent of its subsidiary, Best-Li ndeteves Waste Systems Sdn Bhd, for $2 million. The unit makes waste treatment systems.
          38 words
        • 59 20 [SINGAPORE] Osprey Maritime yesterday said Its rights share issue was 100.5 per cent subscribed while its rights preference share offer was 91.7 per cent subscribed. It had offered 144.2 million shares at US$l.45 each on a 1-fbr-l basis and 77.8 million redeemable cumulative convertible
          59 words
        • 32 20 [SINGAPORE] Superior Metal Printing will sell Its property at 19 Gul Way to Evershine Traders Corp for 16-5 million, yielding an extraordinary gain of $3 million.
          32 words
        • 31 20 [SINGAPORE] Asia Matrix yesterday received a takeover notice from Silver Beads International Ltd for the 12.6 million shares the latter does not own at Ssl .46 each.
          31 words
        • 28 20 [SINGAPORE] Hotung Investment Holdings yesterday said its placement tranche of 48.5 million shares at 26 US cents each was fully taken up.
          28 words
      • 193 20 Bernama [LANGKAWI] The point of contention causing a dispute between Ekran Bhd and Asea Brown Boveri (ABB) over the Bakun dam project in Sarawak is whether ABB can claim any cost overruns, Ekran's executive chairman Ting Pek Khiing said yesterday. Revealing for the
        Bernama  -  193 words
      • 397 20 Bloomberg (TOKYO] Sony is poised for a banner first quarter, thanks to profits from hit Hollywood films such as Air Force One and continued demand for its electronic gadgets like digital camcorders. Sony, which reports first quarter earnings today, and other Japanese manufacturers
        Bloomberg; FILE PICTURE  -  397 words
      • 187 20 AFP (BANGKOK] Telekom Malaysia International Sdn Bhd will increase its holding in Samart Corp pic to 24.99 per cent from 20.12 per cent, Samart president and chief executive Charnchai Charuvastr said in a statement. Mr Charnchai said Telekom Malaysia will pay US$l4
        AFP  -  187 words
    • COMPANIES
      • 414 21 Stock am* altar Merrill aygnuM it to y predicted rwliiUf iagwfll aid to profits Bloomberg [NEW YORK] Citicorp shares rose 4.7 par cent after an analyst predicted the bank will announce a consolidation of its businesses that could boost 1986 earnings by
        Bloomberg; Source: Bloomberg  -  414 words
      • 287 21  -  ferflMtgriitrafcr hbnpetahelp Ite Sri Im kits farripeapuHMa Byi Catherine Ong [SINGAPORE] Union Bank of Switzerland (ÜBS) and the fluids it wMwiggpa have bought an 11 per cent interest in Tse Sui Luen Jewellery (International), a company listed on the Hongkong
        287 words
      • 317 21 Reuter [BRUSSELS] The European Commission began a full probe on Tuesday into Siemens' acquisition of part of Credit Suisse's stake in Elektrowatt, saying it feared for competition in the markets for electricity meters and payphones. A decision to start an in-depth probe into
        Reuter  -  317 words
      • 519 21 Mew models, string US dollar boost interim results Reuter [BONN] German luxury carmaker Bayerische MotorenWerke AG reported on Tuesday a robust 30 per cent increase in net profit during the first half of 1997 as new models and a strong US dollar boosted
        Reuter  -  519 words
    • FINANCE & COMMODITIES
      • 428 22 Shares up on pijms to expand investment banking activities; first-half operating profits rise 23% Bloomberg [BERLIN] Dresdner Bank AG. Germany's second-largest bank, said it is planning to raise about 2 billion Deutschemarks (Ssl.6 billion) to expand investment banking abroad. Shares soared
        Bloomberg  -  428 words
      • 386 22  -  Flu hr S'pare office to triple usetsmder management in next tmtittrwjHri By\ Shiv Taneja [SINGAPORE] The local office of Societe Generate Asset Management plans to triple its assets under management to over Ssl billion in the next two to three years, its new managing
        386 words
      • 337 22 Qrwpuiar shareholder pressure to wind np flagship FT [LONDON] Robert Fleming, the investment bank and ftind management group, yesterday announced proposals to wind up its flagship £513 million (511.2 billion) Fleming Far Eastern Investment Trust, in a move that could herald
        FT  -  337 words
      • 181 22 Bloomberg [LONDON] Abbey National pic said it win likely announce (Urtber acquisitions this year, indicating they would be smaH purchases in treasury or personal lending. Britain's second-largest mortgage lender, which said first-half net income roee 26 per cent to £469 million (Sfl.l billion), said it
        Bloomberg  -  181 words
      • 242 22 SIMK1 Report Reuter [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures shot to new contract highs yesterday as Japan's weak industrial output data and widening brokerage scandals reinforced hopes of steady rates. News of a raid at the offices of Yamaichi Securities and
        Reuter  -  242 words
      • 171 22  -  MSCI TAIWAN FUTU&HS -By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd (SINGAPORE] The Simex MSCI Taiwan Index futures contract consolidated at the 4,300 level as the July contract expired at noon yesterday. As expected, the cash index in Taiwan touched the 10,000
        171 words
      • 226 22 BNBROTBBPORT Reuter [MOSCOW] US financier George Soros has expressed Interest in bidding for a stake in Russia's state-owned oil company Rosneft, a company spokesman said yesterday. Mr Soros indicated he was prepared to spend US$l billion (511.4 billion) on the project, the spokesman
        Reuter  -  226 words
      • Article, Illustration
        70 22 >?miHs -■jw>iw t 2^z£%y3BHHfT^ pgsHBWMBMMHMMK/jgi: WkTM*** Jul so -V~ Source: tew, '^^B^^^HEoiKlfilSitB gHjP- jWwbw*» j lfclWlr AlWEis ~><l^I? v MjM *g jUj ;*k»; IIMB.at' <<"' i»HB^* iffw ■■> <i $56 .fiiBtiflHk tMHlt -< ir* i1hflKJ^HHK^(Sw r %^^B t NuMB WJMI ttv Mr syfeysgi 'JHMFv-- r Mwiir l" a Source: Source:
        70 words
      • 280 22 Reuter THE US dollar gained ground against all other major currencies, pushed up by a weak yen and dollar buying by US investment funds, dealers said. At 1245 GMT, the dollar was at 1.8445 marks against 1.8332 on Tuesday and to U&93 yen against Tuesday's 117.95. The greenback
        Reuter  -  280 words
    • 367 23 SSff MOJO mm 3S ag 85 wJi MMS J4125 WUS 250 *75 •Kir tSOlOO M2S Mitt stoo «n SriJpfi 0MO MM Sfi»* WJO aoo iaar wtfw,,--i ti <* M s js &tW 1 5| w Mil »75 2<I0 M»r ifjo im R« S SfiS S3 SS 3K»* -win
      367 words
    • 1397 23 AFP Pumas -lam JAPANESE share prices closed near their lows yesterday, pressured by profit taking and ftitures-led selling following a raid on a major brokerage firm in a widening pay-off scandal, brokers said. Share prices opened modestly higher on the back of Wall Street's gains. But they fell back
      AFP  -  1,397 words
    • 1573 23 MM Naaa aero* 47X400 UMl 261 5 AMumuiMi as? *a AXDwm 4M -7 AMC undi MaSmp *4X400 2.400 •ATM 519.400 -20-600 KMC 251.400 -4400 MCC 169.400 IOC Crow* H23 *23 in rIII ill 134.400 *1X400 IT* 190.400 -1400 ■HftrfScaOM* 4H400 *1X400 inkn *****00 »4i.4oo Bats 83*400 -4400
      1,573 words
    • Article, Illustration
      1462 24 Reuter Q Hang Seng +21L12 THE Hang Seng Index scaled new heights yesterday as a rally in the property sector propelled the index through 16,000 points with enough momentum to carry it further in days ahead. The index charged to an in-tra-day record high of 16,055.19 points before closing
      Reuter  -  1,462 words
    • Article, Illustration
      607 24 Bloomberg na«A«Bhiß +0*34 CHINA B shares were mixed as foreign investor interest turned to the surging Hongkong market. Hongkong's benchmark Hang Seng Index rose as much as 1.66 per cent to a new intra-day high of 16,055.19 points. "The Hongkong market is doing so well, there's no point trading
      Bloomberg  -  607 words
    • 288 24 AFP PWTMn -4MB STOCKS rose yesterday as investors pursued low-priced and export-oriented issues. "As electrical issues consolidate after recent gains, investors picked up other lagging manufacturing issues," said a trader. Textiles and shipping got a boost from a weaker Taiwan currency. The TSE Weighted Price Index rose 50.45 points
      AFP  -  288 words
    • 230 24 Bloomberg SHARES closed higher yesterday. The NZSE Top 40-share Index rose 5.06 points to close at 2,575.52. Earlier, the index rose as high as 2,577.07, its highest level since October 1987.—Bloomberg mm m cmm »HT >rtmn ——12.15 *0i5 ***** I III, BI)mi IliM L01 -003 5H00 *lrMX»IUU 3J5 0.04
      Bloomberg  -  230 words
    • Article, Illustration
      760 24 AFP n SET Ma *B SHARE prices fell yesterday, with investors hesitant pending a shakeout at the finance ministry and the release of economic data today. Analysts said the market was underpinned, however, by the prospect of economic assistance from the International Monetary Fund (IMF). An analyst said investors
      AFP  -  760 words
    • 377 24 AFP yOniihiß -&7> SHARE prices closed lower yesterday with most investors sidelined in the absence of incentives to buy. Dealers said local institutions continued to sell Posco, depressed by its plan to take over bankrupt Hanbo Steel, adding to pressure in the broader market. The Composite Index lost 5.79
      AFP  -  377 words
    • 535 24 AFP HaouMrin +3J STOCKS rose yesterday in a lacklustre response to the Reserve Bank of Australia's decision to cut interest rates by a half percentage point. "The market was pretty ho hum about the rate cut this morning; that's indicated that it was pretty much factored in," said a
      AFP  -  535 words
    • Article, Illustration
      726 24 AFP 130—trite fate +6JB SHARE prices closed 0.8 per cent higher yesterday on gains among heavyweight stocks as concerns over the rupiah abated, dealers said. "I think investors are more confident now on rupiah stability. They are taking positions again on some big shares," a dealer said. The Composite
      AFP  -  726 words
    • 235 24 AFP Q Maria +1* SHARE prices rose in cautious trade yesterday amid concerns over the peso and interest rates. "People are just waiting for the volatility in the currency to die down and for interest rates to drop," said a trader. The PSE Composite Index rose 2.96 points to
      AFP  -  235 words
    • KUALA LUMPUR STOCK MARKET
      • 203 25 SHARE prices closed lower yesterday on profit-taking In blue chips, led by Telekom Malaysia and United Engineers Malaysia, dealers said. The KLSE Composite Index closed down 6.87 points at 1,024.74. The Emas Index fell 1.39 points at 292.75 and the Second Board Index gained 2.07
        203 words
      • 12 25 SL U j Us 4 j 3 TIB m K S'ag.-==:a 1
        12 words
      • 6567 25 MT Last *•< 8a» ®M IM m Mi *000 mm lm W* Mm i^~~- r MB )0 i MO 5*0 M* 227* 44* 2M *m>m »2 5 302 302 9* 4413 905 610 Apa6aFoo4Mlg MO 5 1 MO MO WO TM 373 MRSUM" TOO W Jg jsi J «S f
        6,567 words
    • WARRANTS & OPTIONS
      • 184 26  -  WARRANT WATCH -By R Sivanithy HESHE's shares and warrants have been doing decent volumes lately, leading to rumours that something is brewing. What this could be is anyone's guess; for now, our brief is to look at the warrant to see
        184 words
      • 2698 26 W» U» «f C m*m, *4r- roow W» L— «—r Prtw M 433 m 3000 *AW*t«%****** 44 -0.5 30 44 44 433 31 413 3140 -*c« WOW731USS 7X5 -2.5 53 7* 703 1H 73.5 Ol M 31*4 Aom W*****4 79 -2 104 303 79 79 80 7* 53 26 31*1
        2,698 words
    • 1595 26 •r Sr mm imI W 11 Mill ft WW DC* H» L— cmmm *t- roow i— t— 1 c*r w« >— 47* 270 ai MOO AIM 90c 283 *t M 2M MO W *J "bb U7 ****** AMOS 90c 84 "OlS M9 8X5 M M 8XS *0 U
      1,595 words
    • STOCK EXCHANGE OF SINGAPORE
      • 719 27 Twwmroom mux**) imh ttj nw mn o* T «w sss- as "Eg og w S5S2S tSB *W wS t wS ST «3S j£ ,Jg§ »S8 *38 4I scsom m»4 w.^» m m mm ft Industrial60 77 44 S H n »jW riMKt 2 a 2 74* **>* I 2 Slid
        719 words
      • 4039 27 Date. Tiii 30[| £2 cv ''MM* I— SW4» Camp any m <OOQ» Hmi Loir »«V9C 5 Zl± r"" JNNSTIttlS '157 m 1020 ACE Dvnamlcs60c tie no 120 ns "8 H9 'V 5146 ASE NT$10 200 OS- M S M5 MS 1275 ASF USIe 100 USM5 2 M 209
        4,039 words
      • 935 27 Or Or mm mi Last VM Day LaatOwta Ok Mr W M Cap MH6 L— WW* Ciw>mt u* POMI MM iJ" •—m Car Nt MM »M* Pbbm M6 76 a 2000 MRHW«iSc MS *6 ni Ml OS M4 M9 XO 30 31 207.1 64.5 149 342 U4 I 2049
        935 words
      • 214 28 Vofcme IPC Corpo 5c 14,957,000 Asia FoodfcProp 13,350,000 Tianjin Zhong 7,409,000 DairyF US5c 6,573.000 HHlandUSJOc 6.098.000 Keppei LandSOc 3,222,000 Gui Tech 20c 3.182.000 U0L 2.808.000 KepprfCorp 2.767.000 Venture Mfg25c 2,668.000 tt>d» > OCBC Foreign 19.439,453 U0« Foreign 18,831.018 Keppei Corp 17,697,582 Venture Mfg25c 16,938,384 City De* 50c 16.459,052 HKLandUSMc 15,026,866
        214 words
      • 659 28  -  STOCK MARKET COMMENTARY Electronics counters under pressure too after recent run-up and on concern that interim results may not be as good as expected By R Sivanithy [SINGAPORE] There was really only one direction for property stocks, and the broad market, to
        659 words
      • Article, Illustration
        59 28  -  'W Shiv Taneja KBPPEL LAND, which domd 10 cents fernr jmftrday at M# on e uptown qf 3JB million sham, mars to haw corns iw against soots resistance SO-WS $4.50 level The medium-term outlook far Urn stock ft negative, and (fthe sttds continues, bwesUti should wait till the
        59 words
      • ON THE GRAPEVINE
        • 86 28 THE tears now being shed over the state of the property market by the Real Estate Developers Association of Singapore (Redas) have put several BT readers more in mind of crocodiles than condominiums. Prices, they pointed out in calls and a letter to BT after
          86 words
        • 124 28 save your tears for 'Aseanies' WHO said politicians didn't deserve those huge fat pay cheques? They should be decorated, what's more, every one, for service above and beyond the normal call of duty. We're talking about the Asean delegates who attended this week's Post Ministerial Conference Dinner on Monday night
          124 words
        • 141 28 THE dust raised yesterday in the US House of Representatives from ail that bipartisan backslapping over an agreement on tax cuts and a balanced budget may take some time to settle. The crescendo of Democrat and Republican self-congratulation, could keep dry-cleaners out of business for
          141 words
        • 137 28 To The Denfire of the Vanities IN A less confident, reflective mood in the *****, Americans chased Tom Wolfe's satirical novel, Bonflretfthe Vanities, to the top of the best-seller lists. Today, with the Dow Jones Industrial Average at 8,000-point plus and half the citiaenry invested on Wall Street, you can't
          137 words
        • 105 28 IN THE United Kingdom, the Data Protection Registrar has reportedly issued an enforcement notice against British Gas ordering it to stop disclosing details of its customers to marketing organisations. Similar warnings have been sent to London Electricity and Southern Electric, and more notices may be
          105 words
  • Page 19 Advertisements
    • 104 19 HOUHtNOUHj buy»aiack GUARANTEE Introducing our Dollar-for-Dollor BuyBack Guarantee, specially designed vestment in our RAT ■>u know, your car rtes the minute you and the depreciation le much more if COE lis decline after your irchase. With our jy-Back Guarantee, ou'll have no more worries! We will buy back your Brava
      104 words

  • Page 20 Advertisements
    • 833 20 BUSINESS Notices TO advertise call toll-free 1800-*****83 IN THE MATTER OP THE COMPANIES ACT, CAP AND IN THE MATTER OP BLESSING POOD SUPPLY PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) AT AN EXTRA ORDINARY GENERAL MEETING of BLESSING FOOO SUPPLY PTE LTD at 101 Cecil Street. #25-0S Singapore *****3 on
      833 words
    • 287 20 IN THE MATTU or THE COMPANIES ACT. CAP AND IN THE MATTER OP ISLAND HOMES DEVELOPMENT PTE LTD (IN MEMBERS' VOLUNTARY WINDING OP) AT AN EXTRA ORDINARY GENERAL MEETING of ISLAND HOMES DEVELOPMENT PTE LTD held M025-OC. 101 Cecil Street Singapore *****3 on 31-07-1997 at 9.00 am., the follow) 14
      287 words
    • 92 20 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nomine?, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      92 words

  • Page 21 Advertisements
    • 108 21 Spend Ss9so I on Business Class I to Bangkok and choose a Thai course to dine on or tee off. From 15 Jul to 14 Sep '97, Business Class passengers who take up our Thai Royal Executive Class package to Bangkok can choose their own special treat to receive a
      108 words

  • Page 22 Advertisements
    • 115 22 lfo Freshest, Tastitot 1-31 Aigast i I Be it braised or steamed, you will relish this nutrient-rich shellfish delicacy, skillfully prepared by our Hong Kong Master Chef, Fok Wing Tin. Savour the Fresh Tasmanian Greenlip Abalone $28 per piece, cultivated live in the South Pacific Ocean of Australia. Or delight
      115 words


  • Page 24 Advertisements
    • 132 24 "TLand Transport Authority Infolinemm COE Bidding Results Car Registration Number Availability. Available oa 10th or 11th of every month. All you Available between Saturday and Wednesday each week. All you need is need is enler your IC, Pasapoct or Company Registration eater your Car Registration numbers —mbcr and the Vehicle
      132 words
    • 54 24 You may have been unable to get your copy of The Business Times, The Straits Times, The Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home
      54 words

  • Page 25 Advertisements
    • 179 25 FREE GIVE YOUR HAIR A NEW LEASE OF LIFE •Owhw Iwlr care emk* With Hay's Formula, you need no longer worry about hair problems like balding, hair -QmL—JL-Lf i u ■nylT —j irirrV loss, damaged hair, premature greying, dandruff, brittle hair and so on. Hay's holistic of Hay'i Formula Herbal
      179 words

  • Page 26 Advertisements
    • 28 26 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


  • Page 28 Advertisements
    • 1704 28 To advertise call toll-free 1800-*****83 BUSINESS iVotaces THE COMPANIES ACT CAP. 50 FUJI! SINGAPORE COMPANY PRIVATE LIMITED (to Voluntary Liquidation) Al an Extraordinary General Meeting of the Members of the above Company duly convened and held on 23rd July 1997 the following Special Resolution was duly pawed "Thai the Company
      1,704 words
    • 313 28 EQUL22 THE COMPANIES ACT (CHAPTER 99) SECTION 291(1) r»g A—ntVTMfCVT AND SmJATIQfI OF raOVISIONAI. IJOiItDATOE Name of Company STS INVESTMENTS PTE LTD Company No 1971 MN2C The Registrar of Campmmin, Singapore I. Wong Mun Piaw of No. 6 Jalan Ampas #03-01 Singapore *****7, NRIC No: *****92 G hereby give notice
      313 words
    • 237 28 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF 2000 SUPERMARKET PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of2ooo SUPERMARKET PTE LTD duly convened and held at 11 East Coast Road #02-28 Odeor> Katong Shopping Complex Singapore *****2, on
      237 words

  • SHIPPING TIMES
    • 315 29 Bridge News, Reuter ACTIVITY continued in a sluggish vein for the fi-eight market. There was talk of wheat cargoes to be moved from the US and Canadian west coast to Pakistan, but brokers are unsure of the impact this will have on freight rates as levels remain weak.
      Bridge News,; Reuter  -  315 words
    • 128 29 MM »>«/-— CWT DMriMMn —120 M* riWWIlM -Ml 90 rmiiViit-- -OM 7 MMLMU 04* undi tn MXmmi 52 Hd«WHM. tM *CM M swar—as sb0& a 4 SSrcU wo <os ws 3 SS J34 H ■SSSSaSrVSao *9M n m* 72 Syc«w>-1H »K<; 3 Sr"" —ss rrirHniTrtfl *1.50 wo" MtAdiSTrWoo
      128 words
    • 452 29 Union Pacific Railroad, trackers and shippers in favour but some maritime unions are cautious [WASHINGTON] The largest Western railroad, truckers and industrial shippers have lined up in support of the proposed US$B25-million (Ssl.2 billion) acquisition of US-flag carrier APL Ltd by Neptune Orient Lines,
      FILE PHOTOS  -  452 words
    • 635 29  -  MEWBUXLDS I By. David Hughes THE past fortnight has seen yet another VLCC (very large crude carrier) contract to swell the growing numbers in the world orderbook. About 60 VLCCs are now on order, all at Korean and Japanese yards. The latest
      635 words
    • 230 29 AFP [MANILA] A free port will be completed and put into operation in the northern Philippine province of Cagayan within 10 years, President Fidel Ramos said on Tuesday during a provincial visit. Mr Ramos said in a speech that the Cagayan Freeport
      AFP  -  230 words
    • 358 29 More to attract private investors to develop sector Lloyd's List [NEW DELHI] India's Ministry of Surface Transport has made ready a plan to accord preferential treatment to river transport and ask all public sector undertakings to use inland waterways to ferry a fixed
      Lloyd's List  -  358 words
    • 62 29 [GAZA STRIP] Construction work underway at the sea port being built in Gaza City. Under the terms of renewing the Middle East peace talks, which were decided between Israeli Foreign Minister David Levy and top Palestinian negotiator Nabil Shaath, joint Israeli-PLO committees will be formed to
      REUTER  -  62 words
    • 108 29 [TOKYO] Mitsubishi Heavy Industries (MHI) maintained pole position in the Japanese shipbuUding industry last year, with 12.4 per cent of the country's total newbuildings order book, although this was down 1 per cent on its 1996 performance. IshikawaJima-Harima Industries climbed to the number two slot
      108 words
    • 313 29 Reuter [LONDON] Container shipping group Atlantic Container Line AB (ACL) said it was exploring options for quitting Sweden. "The board of directors has initiated a study to explore various potential future tax and cost efficient domiciles for the company," ACL said. The
      Reuter  -  313 words
    • 775 30 ASXAM BT7MKBKXMCH NEW KID ON THE BLOCK Taiwan's expanding refining capacity has led its state oil company to plunge into the regional bunkering market Lloyd's List TAIWAN'S state oil company Chinese Petroleum (CPC) is gearing up to grab a bigger piece of the region's bunkering
      Lloyd's List  -  775 words
    • 230 30 FACE EiWopian ft Ad 11 ft AN. 3 frf— 1 ft Accord 12 7 AmmkAmi c FL Bright 6 3 r*m*» e Austral n CLM 4 Gcmrtrws 13 GmsKpq 11 j I CiobtBnfc T B'tanqMas 12 U S m m U„| 12 •CCW
      230 words
    • 14456 36 THEBUSINESSTIMES EXPORT w ■——wwwwwimpiimwwii ETA eta AdwKtN- VtSMl Vo»ao» Talaphona I ETA ETA A*art*ar V~N VWM SIN Nww _»g*jL. I .jJimSSiwn mmbmmmwi tmmmrinm m I Ot/Ot 2VM UASC -A-VESSEL WW 4S-3740W X«A y 0 BOSTON (BOS) 2054 To ABIDJAN (ABJ) 2003 I Massachusetts. United States Ivory Coast, Cote
      14,456 words
    • SHIPS IN PORT
      • 616 43 Vwrt Vay Mo Nrtl ArrWol Doporturo nmmmirm mm jb os.««oo Mmi M* *360 J02 itawMt 3107/2300 MM J*30 JOI «—"t 5-S2S? MHO Mrs *****7 JOI *»#Mt *-°I£28, MtffctB ***** JO llHpWl 02.00/0700 PnMtM Lm MOO J02 iIhiMi 30.07/2)00 N2507 1200 JOI ZpHt 3107/2200 *****7 J03 30 07/2J00 MkkM
        616 words
      • 1251 43 RECEIVING OF EXTORT Fa CONTAINERS AND LCL CARGO ■nUMftdmrn Istta SMp »f Ho EtWitr Ptrtti Frow U fnm tad. OVMO WMW WWJ *22 IK WfWw WWW woo JvSr JVvSc 4 WBW WMW JVTTOO »<, not*! on» w/woo XVJMC nflm jJJSSS i www ww» wmm 4 SA2M WMW MJW
        1,251 words
      • 179 43 Aagl Switzerland: National Day. Zambia: Farmers Day. Aag4 Australia Bank Holiday (New South Wales and Northern Territory only). Canada Civic Holiday (market and public holidays In all provinces except Quebec, which opens for business as usual). Ireland Market and Public holiday. AagS Croatia: Thanksgiving. Ami Colombia Anniversary of
        179 words
      • 881 43 THIS report compiled by Cockett Maria* OU Ltd, ahowa price rangae In US dollar* In■taad of alngle prtoaa Ibr a more comprehenaire daacrtptkm of the market. Prtcaa ahown art baaed on averageataad item Market movement* art lndlcat ad. Tha Cockatt Bunkar Price Index change and tha
        881 words
      • 328 43 >• Caitaa JJS,E» "V °0 "f 1 °°rt" MU AM U %*M JKAM mt U 04 040 Mf taM no Mb ma o.f tu 0.12 m om %mm %V* W mm* MMm»635 W 0 0 0 1. tSOttMaclMtts *acC2S 991 10 B.0 0.10 00* O.KT ISAM
        328 words
    • AIR & LAND TRANSPORT NEWS
      • 404 44  -  It win cot transit times from Asia to the US in half from two days to one Reports by Marcus Hand [SINGAPORE] Federal Express (FedEx) is launching a new route from Malaysia and Singapore to the United States via Japan
        404 words
      • 181 44 [SINGAPORE] FedEx will launch a scheduled round-the-world flight in September this year. The daily flight will originate in Indianapolis connecting Europe to the Middle East and Asia via Paris, Dubai, Bangkok and the carrier's Asian hub in Subic Bay. The flight will be served
        181 words
      • 81 44 f VICTOR VILLE, California] A sub-scale remotely piloted Blended-Wing-Body aircraft taking off at El Mirage Dry Lake near Victorville on a test flight. The aircraft, designed and built by Stanford University as part of a National Aeronautics and Space Administration (Nasa) and McDonnell Douglas research programme, is
        REUTER  -  81 words
      • 158 44 AFP {NEW DELHI] Air India has deferred a US$2-billion (552.9 billion) proposal to buy aircraft from either Airbus Industrie or Boeing Co. A spokesman for the company said a two-hour meeting of the board of directors of the state-run carrier failed to decide on
        AFP  -  158 words
      • 329 44 Bloomberg [BRUSSELS] The European Commission approved Boeing Co's US$l6.2 billion (5523.8 billion) purchase of rival McDonnell Douglas Corp after the US aircraft maker agreed last week to amend contracts with US airlines, according to the commission's chief spokesman, Klaus van der Pas. The decision by
        Bloomberg  -  329 words
      • 142 44 Bloomberg [HANOI] Passenger loads on Cathay Pacific Airlines were lower in the first half of the year than expected, said chairman Peter Sutch, one week ahead of announcing the company's interim results. Mr Sutch said handover jitters among tourists thinking about visiting Hongkong after
        Bloomberg  -  142 words
      • 95 44 AFP [TOKYO] Japan's Toyota Motor Corp is considering buying diesel engines from a European supplier for its compact cars to be produced in Britain beginning late next year, a company spokesman said yesterday. "We are studying various options, Including our own engine and
        AFP  -  95 words
      • 331 44 Italian carrier singles out ELM as prime candidate Reuter [ROME] Italian flag carrier Alitalia is seeking an international alliance by the end of the year, with Dutch airline KLM as the prime contender, the chairman of state industrial holding Iri said
        Reuter  -  331 words
      • LOG Book
        • 80 44 AFX-Asia [SYDNEY] Cathay Pacific is preparing to sell its As2lo million (*****.7 million) Australian data processing centre west of Sydney, the Australian Financial Review reported, citing no sources. 'The operations of the centre, which was enticed to Australia five years ago with the
          AFX-Asia  -  80 words
        • 69 44 Bloomberg [WASHINGTON] Continental Airlines Inc's catering facility in Houston, Texas, failed to meet sanitary standards in a June inspection, the Food and Drug Administration said in a warning letter. During a July 9 inspection, FDA investigators found several sanitation violations that led the agency to
          Bloomberg  -  69 words
        • 116 44 AFP [TOKYO] Japan's Nissho Iwai Corp will take a 10 per cent stake in a Philippine joint venture to build a third terminal at the Manila international airport, the Nlhon Kelzal newspaper reported yesterday. The project worth some 60 billion yen (Sf?44 million),
          AFP  -  116 words
        • 87 44 Reuter [ZURICH] Representatives of more than 12,000 pilots from Delta Air Lines, Swissair. Sabena, Austrian Airlines and Flnnalr met for the first time in Zurich to discuss ways to strengthen their cooperation. Aeropers, the pilots '•'V: association for Swissair, a unit of SAir Group,
          Reuter  -  87 words
      • 433 44 Bloomberg [WASHINGTON] United Parcel Service (UPS) of America Inc and its largest labour union continued negotiations to try to avert a nationwide strike tomorrow, as more customers began diverting their packages to other carriers. The world's largest freight transportation
        Bloomberg  -  433 words
      • 1389 44 an fumit eta run no IMM QFR 1930 0FI2 2085 "M TC407 2105 T6400 0620 $0229 2220 UTS ZPQ ww wo AMtartaa tt043 0455 10J30 2300 *CMItM W4I SJ5 °So 0125 0155 0121 2355 jgg *g S025 0655 S026 2355 JSJ2 2°f VW740 M, KLB37 M55
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    • 42 37 To retrieve more schedules, just follow these simple steps... document M)\a\ 740-6000 ep be faxed %yjPreeaT your Step key in the four number code Key in your Emmpto: r-"-i fax number To NEW YORK (NYC) 2275 United States ior calls within Singapore
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  • Page 39 Advertisements
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    • 1024 39 ADVANCE CONTAINER LINES (PTE) LTD A I Z 140 OacH StrwL PIL Building, Singapore *****0 j 111 ,1 TEL: *****21. FAX: *****10, TELEX :RS ***** ACLPL CR NO. **********0E ■AWOKOK I i JAKUK I It ti PAT, 3 Settjg li MIT. 2 Settfp H UH) Ivor I m JKT MN
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    • 955 40 HIWW I I JAKARTA VESSEL VOY SIN BKK VESSEL VOY «N *1 NANTA SHUM 386N Thu In Pt ~Sun 03AM XETHA BHUM 2118J Thu In Pt St OANUBHUM 06N Frl 01/06 TUo 06/06 XETHA BHUM 21iigg" Frt 01AM 02/08 OANUBHUM 06NB St 02AM TU> 08/06 ANAN BHUM 76SJ St 02AM
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    • 660 40 A ACCORD A SHIPPING PTE LTD S=S m: *****56 (40 UnM) FAX: *****46 KHTKUm t MUIM! OnSCT ACCSSS TH.: *****57 (KXPORT BOOOONO) MfIIMMM :MM IW *****57 (EXPOOT DOC), *****64 (IMPORT) fSUW (H)*****U UKUHTTP'.//WWWJkCCOItO.COM.SO JNMffM (7t7Mf«^V row n»sw|»oty ctamm hmtt miw (FAR EAST) (INDIA) (EUROPE OTHERS) (USA/CANADA) WWW 02/08 IQMIAT 03/08
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    • 370 41 SIMO EXPRISS SHIPPING /fl 11 COU.YER QUAY #00-01 THE ARCADE itSINOTRANSI \r-*f j S (*****7 J.TEL: *****00 FAX: *****00 UWAr wyt-V TLX: R*****1 SIHOEX SIMOTMNS tHAMMAI (tOUTAIMO tlOVltf) «Rm vomst 1 rosinwoK i ew homgkohc rasHAiww mi TO fig- |r we W 1 mptwomai ww a/w UM. I 3I^M >IEOT»«m
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    • 421 41 |gSS9)pipHHpiH9illk ■sv TRADER 02/06 NareTttnVAlwAJK I ■muRATKIRAN IVO6 Nan/RdnVAtw/&nnAJK ■storm WIND 15AM IVOB NarVHdnVAIwAJK ■OCEAN ISLAND 1S«8 NanfßdnVAtarfUK LoH» EVW. Mdaywa. Indon—ia J ■c. KAPTANOGLU Jeddah/AqatoWEgypt/Syria I ■aretuS Dubatfßahrain/Danwnan/Kuwait ■MULPHASWU Dubai/Bahrain/DanTT»rVKuwa* ■uDIAS J«ddah/Aqabai/Aigaria I ■zEYNEP K Dubai/Bahrain/Doha/DarnmaiVKuwait Singapore. E7W.Ma>ayaia.lndonaaia J ■oktem AKSOY Loa I NoiMMCandan I ■ocean FRIEND Loa AngaUi/Haw
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  • Page 43 Miscellaneous
    • 124 43 LEGfHO: RThundmtofm Temperoture c A Jioun Weather Wind drectton wrth speed n knots L Wovt height Cloudy Sky hH*W winds ore inditoted by arrows which fly with the wind 0 One Kj* drele represents calm or light and vorioble winds 1 One half Heche represents 5 knots L» One ful
      124 words