The Business Times, 12 August 1997

Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 85C SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, AUGUST 12,1997
    13 words
  • 50 1 BSjH-32.95) PJWOOMP Mnjtm n IT MBA If nnaL KLBKCOMP Klli -MS NIKKEI 18,824.18 -7*18 BANG SENG IM8M7 -187 J7 88T INDEX o»K iM JAKAKTA OOMP «WI7 -I7J7 MANILA OOMP —U714J -7U» TAJPEI VPI A387JZ7 -*t7 IptjLOOMP 7VM9 44X8 flLSA CHINA B 1H7» -tit TTtWTMHnr Ttrt -mi i«r_J13!iS °!S
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  • 473 1  -  STII stamps to 4-year low on property worries as index sheds SO points By R Sivanithy [SINGAPORE] Wall Street worries, combined with more regional currency turmoil, savaged Asia-Pacific stockmarkets yesterday, sending prices tumbling 4 per cent in Japan and 2.3
    Source: Bloomberg; Source: Dew Jones; ARTHUR LEE  -  473 words
  • 380 1  -  Heng Chiang appeal letter teMND net intended for public release, ay members By i Conrad Raj [SINGAPORE] The management committee of the Real Estate Developers' Association of Singapore (Redas) yesterday closed ranks behind its president Heng Chiang Meng, surprising those who thought Mr
    380 words
  • 362 1  -  By Larry Wee [SINGAPORE] The Malaysian ringgit fell eight sen or almost 3 per cent in Asian trading yesterday to close at 2.7350 to the US dollar compared with Friday's 2.6550 close. Traders attributed the ringgit's weakness to remarks by Malaysian Prime Minister Mahathir
    362 words
  • 453 1  -  No need to np utility tariffs any further this year if there's no jump in fnei costs: chairman By' Teh Hooi Ling [SINGAPORE] Singapore Power's net earnings surged 43 per cent to $771 million last year, bringing it to a whisker
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  • Page 1 Advertisements
    • 65 1 amIDH A trend-setter, Pf 5 V< Hongkong has turned down the applications of former Merrill Lynch financial consultant Kevin Wallace to return to Singapore for questioning by the courts hoe, P|l Mttconuo is expected to im* sites of fNOm from to* ISB conao units witicn Pok) yptnrrMrn SINGAPORE— 2 ty
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    • 22 1 Nomura ban a factor in Tokyo's plunge, Pg 6 Indon stocks, rupiahfall amid war of nerves, Pg 6 Market report*, Pg 21-26
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    • 32 1 Nt-tears Net amy You don't have to be a techie to be savvy about the Internet. Just read Wired for Business Info without the aggro. Every Wednesday in The Business Times. Startiagtoaamw.
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    • 45 1 Crown Resort Melbourne, the most spectacular new entertainment complex Australia ready to and your every sense. There's a entertainment for you to Australia's largest casino, an star deluxe luxury shopping promenade a array class Crown Melbourne is in exciting holiday CROWN RESORT, MELBOURNE, AUSTRALIA. AWcHimoFENTHnAiNMENT
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    • 7 1 8P eyes bigger overseas projects, Pg 2
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  • SINGAPORE AT HOME & ABROAD
    • 425 2  -  Court also dismisses his application to set aside worldwide Mareva injunction By i Conrad Raj THE Hongkong Justice Department and its High Court have turned down the applications of former Merrill Lynch financial consultant Kevin Wallace to return to Singapore for questioning
      425 words
    • 416 2  -  Byi Christopher Tan CAR buyers are staying away from the showroom floors, going by the number of bids received in the latest COE tender. The quota for September, released yesterday by the Land Transport Authority, showed a total subscription rate of only
      416 words
    • 249 2 Company looking at billion-$ investment in Australia SINGAPORE Power (SP) is starting to look at "big ticket" investments in the region, after having gained experience investing in smaller projects in China in recent years. At SP's first results announcement as a corporatised entity, president and
      249 words
    • 217 2 WHILE satisfied that Sing Tel had not been negligent, the Telecommunication Authority of Singapore has nonetheless given it a warning over two recent exchange breakdown incidents. This follows a review of the full investigation reports submitted by Sing Tel on the Orchard Exchange
      217 words
    • 262 2 All's Chambers working with other relevant bodies A DRAFT of proposed standards and laws for Internet security will be presented to the government by the end of this year, National Computer Board assistant chief executive (infrastructure and systems) Michael Yap said yesterday. The
      262 words
    • 399 2  -  By< Abdul Hadhi LOCAL developer Torie, which seems to have taken a low profile in Singapore, is going across the Causeway in a big way. To start with, it is developing a sizeable chunk of Johor Barn's Waterfront City. In a written reply
      ARTHUR LEE  -  399 words
    • 364 2  -  EYE ON THE ECONOMY Electronics By Jennifer Lien NEW orders of electronic components in the US rose 17.8 per cent in June, following May's revised 31.5 per cent surge. While the June figure was more moderate than May's, it was still markedly better than April's
      Source:  -  364 words
    • 617 2  -  W—HMTiif But dont write off Prince Ranariddh Jnst yet By Yang Razali Kassim YESTERDAY'S special Asean talks in Singapore sounded like bad news for Cambodia's ousted First Prime Minister Prince Norodom Ranariddh. While he is still regarded as key in the search for
      617 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 328 3 Centennial T O W I ft 'Singapore'by lames Rosenquist at North Lobby of Centennial Tower I l m >l jt-v &x■ t i 111 II 9 I \f| An) ij MK|WEI JIM I J M K Sir XI JR atffL /I*t'.' f p^f^dk&r r A* .I- 12: /W. 1 H
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  • FOCUS: PROPERTY
    • 736 4  -  TBBPBOPBBTT COUUMM In today's declining market, resellers may well hold the vital key to prices By Lee Han Skih IN the last few years, tens of thousands of private houses and condominiums were sold by developers. Now, given the soft state of the property market, many of these
      FILE PHOTO  -  736 words
    • 479 5  -  Exchange on N-E Line will integrate station, commercial development; Obayashi gets $268 m job By l Christopher Tan [SINGAPORE! THE Land Transport Authority yesterday revealed details of its maiden project to integrate a commercial property development with the building of an MRT station. It has
      JEN CHUA  -  479 words
  • Page 4 Advertisements
    • 732 4 GRAND PLAZA HOTEL ADDS CHARM TO COLEMAN STREET I jjjjjj I v 1 IbHin S i 1® Vl Bl From $150', There's Nothing Quite Like The Grand Plaza Hotel." In the heart of Singapore's Civic and Cultural District, the new 338-room Grand Plaza Hotel takes pride of place at the
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  • Page 5 Advertisements
    • 212 5 JiW~* jfr SvaSamjL. K w*- Hpv- Land area 26,863 fl 2 Plot ratio 2.8 Height Control: Up to 30 storeys Investment Sales Division: Karamjit Singh 320-3529 Lim Gnee Kiang 320-3526 Ng Seng Tat 320-3528 Lai Gin Yee 320-3530 HoEngJoo 320-3525 Yong Choon Fah 320-3527 Collective Sale By Tender Freehold Residential
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    • 214 5 LAND AT EQUATORIAL SITE FOR SALE BY TENDER Location Junction of Bukit Timah Road and Stevens Road. Near to Singapore Chinese Girls' School, Anglo Chinese School and new campus for Raffles Girts' Primary School (former NJC site). Easily jgp accessible and near to private clubs and Orchard Road I Description
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    • 136 5 <& I Christofle Paris #r > j |T \f Table linen from Ssll2 with GST f oay*on^ k The Shopping Gallery, 102-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espacr Chriatofle: ftafcuMMS 176 Orchard Road, Levri 4, Centrepoint, Singapore *****3. beta* Sam Levd 4,350 Orchard Road,
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  • MARKETS IN TURMOIL
    • 484 6  -  Nikkei sinks 4% to 18,824 bat some analysts expect it to rebound today if Wall St stabilises Ptvm, Anthony Rowley TOKYO stock prices suffered their largest single-day loss of the year yesterday when the Nikkei-225 stock average plunged 780.28 points, or just under
      AFP  -  484 words
    • 369 6 MANILA Bloomberg PHILIPPINE stocks tumbled, with the benchmark index slipping to a one-month low, on concern the weakened peso may come under renewed attack even as measures to steady the currency hurt the economy. "We're being held hostage" by the currency crisis that's gripped
      Bloomberg  -  369 words
    • 350 6  -  JAKARTA Frornl S N Vasuki INDONESIAN stocks and the rupiah fell in nervous trading yesterday as the on-going war of nerves between the central bank and currency speculators continued. Analysts feel Bank Indonesia (BI) may have been too brash in cutting short-term
      Source: Bloomberg  -  350 words
    • 481 6  -  KUALA LUMPUR Prices attractive but investors still wary about economy From Meera Tharmaratnam THE Malaysian stockmarket has fallen 10 per cent over the week, making it one of the cheapest regional bourses, but fund managers said they are not prepared to invest yet due to
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    • 348 6 HONGKONG Bloomberg HONGKONG stocks took their biggest tumble in more than a month, following a slide in US stocks and bonds on Friday that rattled stock markets throughout Asia. Property companies such as Henderson Land Development Co Ltd fell as much as 4.7 per
      Bloomberg  -  348 words
  • Page 6 Advertisements
    • 297 6 Announcing: Enrollment for 1997 Fall Semester for university students living in Singapore.* OFS College with California State University, Dominguez Hills, California, USA (Maize 'AvvCication for OFS College provides the first two years of a California State University college m degree program for overseas university students living in Singapore, and prepares
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  • REGION
    • 420 7 TOKYO gpy contrilmting USslb to largest loan package since USs4ob aid to Mexico in TO Reuter Bloomberg Reuter, Bloomberg, Bridge News THE international community came to the rescue of financially strapped Thailand yesterday, pledging a total of US$l6 billion (5123.6 billion)
      Reuter; Bloomberg; Reuter, Bloomberg, Bridge News  -  420 words
    • 353 7  -  BANGKOK By] Harish Mehta THE Thai cabinet agreed yesterday to cut up to US|2.2 billion (553.2 billion) from its budget this year, under pressure from the International Monetary Fund (IMF) to enact spending cuts and aim for slower growth. But investors
      Source: Bloomberg  -  353 words
    • 552 7  -  BANGKOK Tbis amount to rescue financial sector is equal to 20% of forecast *97 GDP By] Harish Mehta THE Thai government may end up spending as much as one trillion baht ((US$33 billion or Ss47 billion) —equal to 20 per cent
      AFP  -  552 words
    • 156 7 BANGKOK AFP THE state Petroleum Authority of Thailand (PTT) yesterday said it planned to raise up to 75 billion baht (553.6 billion) through the sale of shares to the public and strategic investors. PTT governor Pala Sookawesh said the agency and
      AFP  -  156 words
    • 493 8  -  NEW DELHI Exporters say its strength will make them less competitive against countries like Thailand, Malaysia Prorn Rajendra Bajpai THE Indian rupee has climbed against major international currencies, prompting worried exporters to call for its devaluation to boost exports. Since January, the rupee
      Source: Bloomberg  -  493 words
    • 206 8 MANILA AFP THE Philippine inflation rate is forecast to hit 9.6 per cent by year-end as prices of food products rise because of an expected drought caused by the El Nino phenomenon, newspaper reports said yesterday. Inflation could arise from "the possible uptick
      AFP  -  206 words
    • 134 8 KUALA LUMPUR Bernama DEPUTY Finance Minister Affifuddin Omar yesterday warned that local contractors who preferred to use imported building materials may be blacklisted. The actions of such contractors could weaken the country's current account position which would subsequently lead speculators to attack the
      Bernama  -  134 words
    • 310 8 China banks' flawed loans could be US$200b: S&P HONGKONG Reuter FLAWED or "impaired" loans in China's banking sector could total US$2OO billion (***** billion). Standard Poor's rating agency said yesterday. Estimates of how much of the banking sector's assets were impaired ranged from 10 to 40 per cent, SAP's Hongkong
      Reuter  -  310 words
    • 343 8 BEIJING AFP CAMBODIA'S King Norodom Sihanouk has declared he is "ready to abdicate" if asked to by strongman Hun Sen during a scheduled audience today. But the king who has frequently offered to abdicate in the past also indicated he would soon return
      AFP; REUTER  -  343 words
    • 170 8 PASIR PUTEH, Kelantan Bernama THE National Front (NF) yesterday wrested the Semerak state seat in Kelantan from PAS, giving an early signal of the coalition's possible return to power in the state. NF, which lost to PAS in a straight fight in Pulai
      Bernama  -  170 words
    • 406 9 TOKYO New team will stress transparency in dealing, says incoming president Reuter AFP THE chairman, president and nine other executives of Yamaichi Securities resigned yesterday to take responsibility for the firm's suspected payoffs to a racketeer at the centre of a high-profile financial
      Reuter; AFP; REUTER  -  406 words
    • 321 9 SYDNEY Besides raising Aslob, it wffl see more citizens owning shares Reuter THE Australian government is likely to receive handsome rewards, including political as well, from its plan to target local investors in the upcoming float of the national telephone Arm
      Reuter  -  321 words
    • 145 9 SEOUL AFP TWO business associates of Kim Hyun Chul, second son of South Korean President Kim Young Sam, testified in court yesterday that they had paid Kim in return for business favours. Kim Tok Yong of the Dooyang group, and Lee
      AFP  -  145 words
    • 263 9 HONGKONG Summer crop beyond salvage, urgent aid needed: World Vision AFP HUNDREDS of thousands of people could soon perish in North Korea s "invisible famine", an aid group warned here yesterday, as it declared the country's drought-ravaged summer crop was
      AFP  -  263 words
  • Page 7 Advertisements
    • 41 7 no i. 9|H To this man, life is about people. He makes the effort to relate to those closest to him. H \'|t Family; friends, and of course, his business pals. He's got Ml. 9 i our at http://www.rn liil V
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  • Page 8 Advertisements
    • 791 8 Dun Bradstreet am/ ftR University of California at Berkeley, University Extension present a Seminar on kxport institute powerful FORCES ARE shaping new INTENSIVE WORKSHOP ON: COMPETITIVE REALITIES EMERGING GLOBAL OPPORTUNITIES: Organizations everywhere are confronted with the npidly changing complexities 1) Risk A Rewards 2) Leveraging the Internet fer Global Smcceaof
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  • Page 9 Advertisements
    • 561 9 Suitable for 1-20 Man Operation Fully furnished office suites Secretarial services Telephone answering services Conference rooms Call 423 0610 Fax 438 0681 E-mail battery®centrako.com.sg CENTRAKO The Grand Chinese State Banquet i August 8 to 28, 1997 presented by the world renowned Diaoyutai State Guesthouse of Beijing at Tung Lok Shark's
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  • THE WORLD
    • 365 10 BONN 'Lost' revenue will probably have to come from higher taxes elsewhere: economists Bloomberg GERMANY'S coalition government is debating ways to lower the "solidarity surcharge" tax next year, although economists see few options for replacing the revenue the government will lose and
      Bloomberg  -  365 words
    • 462 10 FRANKFURT Pressure mounting, but with dollar receding, it's not the best time; analysts Reuter THE tide is turning for Bundesbank monetary policy, yet economists are increasingly sceptical that the powerful central bank will be scared into raising rates in
      Reuter  -  462 words
    • 152 10 LONDON Reuter BRITAIN'S dwindling Jobless queues are expected to have shrunk by a further 31,000 in July, continuing a long-estab-lished trend of falling unemployment, according to a Reuters poll of economists. And perhaps more importantly for the financial markets, the majority of economists
      Reuter  -  152 words
    • 281 10 LONDON Reuter THE use of corporate Intranets is growing at an explosive pace in Britain's financial sector, Datamonitor, a consumer market research group, said yesterday. It said in a new report that an increasing number of retail banks, investment banks and
      Reuter  -  281 words
  • Page 10 Advertisements
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  • EDITORIAL & OPINION
    • 638 11  -  THE BOTTOMLDVE OPINION By Reginald Dale The writer is a columnist with the International Herald Tribune, where this commentary first appeared THE COMMON prediction that China may soon have the world's largest economy is something that many people in the West find hard to
      638 words
    • 176 11 'Now we are beset with a supply of condos and houses that can satisfy demand for the next six years. They are sitting empty. Who's living in it? Mosquitoes.' -PaankPlMaffateliit professor of Economics at Chulalongkorn University as Thailand announces an austerity package in an attempt to try
      176 words
    • 611 11 EDITORIAL THE latest round of negotiations over China's entry into the World Trade Organisation (WTO) has ended, but the contrasting messages coming from the American and Chinese negotiating teams have been intriguing. US Trade Representative Charlene Barshefsky has been quoted as saying the Chinese remain
      611 words
    • 1054 11  -  Bretton Woods institutions take more heed of what largest contributor tells them to do By. Anthony Rowley The writer is BT's Tokyo correspondent FOR DECADES Japan has been the "sleeping partner" at the World Bank and the International Monetary Fund (IMF), paying liberal dues to both
      FILE PHOTO  -  1,054 words
    • 847 11 Drag lords throat to MaaOa COLOMBIA stands as an object lesson in what can happen when drug lords are tolerated. Drug-related crime grows too strong. Whoever appears to govern, criminals do so in the background. The drug lords in such countries are immune to the law
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  • Page 11 Miscellaneous
    • 53 11 DOOMESBURY By Garry Trudeau 111 l I I serine tenuis strai6Hi\ uks. one cmocbill just •pfUaUTAUC? I L WU THINK HZ BROKBTHUMU- W&P&BP TN/meAR:6UE& I UM...TT 1 PO&CONWHAT, ARE Wm AMP THEN CONHPBP IN MB f WHAT 1 PtP TOPHY. lAR- I COUU? f G&BS&KNOUJ VOUWT3T If RANGBP ANILLEGALLOAM!' HAVE
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  • EXECUTIVE LIFESTYLE
    • 901 12  -  Sichuan artist Mao Xuhui's exhibition captures human stoicism and nature's beauty in southern China, says ben momrob BEN MUNROE SICHUAN artist Mao Xuhui, born in 1956, lives and works an age and a continent apart from Romantic poet William Wordsworth, yet there are strong
      901 words
  • Page 12 Advertisements
    • 532 12 Do you have a Tom Yum gameplan? "...Ah enormously cosh rich Slngoporo mast look to tho outsldo world tor Investment opportunities, and In this rogord Thailand's oeonomlc downturn may prove to ho a blessing In dlsgulso, tor as all astuto Invasion know, gfejh saeeosstul Investments depend on proper timing, end
      532 words
    • 214 12 BUSINESS Notices To advertise call toll-free 1800-*****83 NOTICE I4frl INDUSTRIAL AND COMMERCIAL W INTERNATIONAL CAPITAL LTD (Formerly known as Xiamen International Fnance Co Ltd) Negotiable Floating Rate United State* Dollar Certificates of Deposit due in November 1998 In accordance with the provisions of the Certificates of Deposit, notice is hereby
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    • 5 12 More Notices on Page 26
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    • 121 12 lx. NOTICE IS HEREBY GIVEN that, I Hoon Tai Kiang of Blk. 248 Jurong East St. 24 #10-72 Singapore *****8, have applied for a Beer House, First Class Licence in respect of M/s Food Pavilion Cathay SG. Pte. Ltd. located at 38/40/42 Prinsep Street Singapore *****6, and that this application
      121 words

  • Page 13 Advertisements
    • 272 13 Where to wine, dine and entertain... """S SmSS 11 http://www. ana-hotels .com Not just seafood either. Visit our home page and you can order tonight's dinner from our cyber selection. Browse through the menu, leave us your order and it'll he ready to pick up before you can say 'information
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  • Page 13 Miscellaneous
    • 698 13 TVVRADIO m soui. News. 1030 News 5 Tonight. 10.30 Japan Hour lenakiko. 2.00 PM TV Innovations. iLOO Tuesday Feature Eight IL3O TV Innovations. 230 The Winners. Million Ways To Die (See L3O AM Close. 3.00 Money, Money, Money. Our Choice). ~-r 3.30 How To Succeed In Busi- LOO AM X-Files
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    • 170 13 CRYPTIC CROSSWORD points 21 How soft bridle broke, where IJH__HB pß__^B__pß__pß_l Richard was desperate for a ;4 j j j 1111 36 Take one from seven result Is divisible by two (4) 27 Gripping film about shop- 8 Singer to win over woman YEBTEBDAY*B SOLUTION ping? (6-4) entirely (10) Iglrlalnlolfl
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  • CYCLE & CARRIAGE GOLF PAGE
    • 1197 14  -  The resorts of Thailand's Hua Hin and Cha-Am turn up many varied and well-designed courses, says mxcklausd'CßUZ NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review c THROW a dart at a map of Thailand and chances are it will land
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    • 697 14  - Shan Shui inspires, terrifies and satisfies —what a ride! A new dnb coming up near Sabah offers a challenging game in a majestic environment By\ Nicklaus D'Cruz The writer is editor of The Asian Golf Review CRANK up the Callaway and fire the pistons because you are going be in
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  • Page 14 Advertisements
    • 263 14 In 1886, I we invented the car. In 1996, we reinvented it. »r vV.:v 'f. ■•v.> 4' \v y wrOne hundred and ten years after Gottlieb away, transforming the SLK from a sleek pillars continue to offer you all the protection Daimler and Karl Benz built the very first coupe
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  • COMPANIES & MARKETS
    • 370 15  -  Earnings boost from vibrant HK market; secondary HE listing saffto be in the offing Clarissa Tan [SIffcAPORE] Vickers Ballas is c£ninuing its strong profit mpp- driven by the vibrant Hoigpkong stock market where the group is said to be planning a secondary
      370 words
    • 404 15 Amtag banks, only UOB Foreign rises; SPH F slips farther [SINGAPORE] Foreign share prices continued a general retreat here yesterday, in some cases further narrowing their recent premiums over local share prices. Meanwhile, governmentowned Singapore Technologies confirmed again yesterday that it does not rule out
      404 words
    • 358 15 Bloomberg [SINGAPORE] Shares of Hotel Properties Ltd (HPL), a property and theme restaurant group, fell for a third day on profit concerns. The stock fell 5 cents, or 22 per cent, to $2.19, its lowest in nine months.
      Bloomberg  -  358 words
    • 669 15  -  HOCK LOCK SIEW Neil Behrmann ONLY a month ago, it was mused in this column that London's FTSE 100 index would break the 5,000 barrier and fund managers would blissfully ignore the dangers of overvalued sterling and rising interest
      669 words
    • 493 15  -  Condo project expected tobringins76otnin sales baaed to average price of psf Ry* Ang Wan May {SINGAPORE] The Marco Polo hotel on Tanglin Road will stop operating in January 1999 to make way for condominiums that are expected to reap $760 million in
      FILE PHOTO  -  493 words
    • 166 15 Bloomberg (SINGAPORE) Hotung Investment Holdings shares more than doubled in their trading debut on the Singapore exchange yesterday. The shares of the venture capital company rose as much as 28 US cents to 54 US cents. At the close of trading, the
      Bloomberg  -  166 words
    • COMPANIES
      • 371 16  -  Minister poshes for early settlement of dispute; talk of govt raising its stake From. Eddie Toh in Kuala Lumpur THE Malaysian government has confirmed speculation that the listing exercise of Bakun Hydroelectric Company (BHC), the owner of the M 515.5 billion (SsB.3 billion) dam in
        371 words
      • 321 16 [SINGAPORE] DBS Bank's asset management subsidiary yesterday launched a portfolio service that will invest in the firm's unit trusts. The Personal Asset Manager (PAM) is a managed portfolio service with three distinct portfolios Conservative, Balanced and Growth to suit the different needs of investors, DBS
        321 words
      • 139 16 [SINGAPORE] Overseas Union Securities (OUS), a closed-end fund, yesterday posted an 8.4 per cent rise in net profit to $3.4 million for the six months ended June 30. OUS, a subsidiary of the Overseas Union Bank group, said group operating income rose 13.8 per
        139 words
      • 271 16  -  By, Abdul Hadhi [SINGAPORE] The local arm of listed Indonesian group Great River has bought the GiefTefTee (GFF) leisurewear line from mainboard-listed sports goods distributor Ossia International. The GFF leisurewear line is part of well-known Italian fashion house Gianfranco Ferre. Apparel World,
        271 words
      • 281 16  -  Firms still in talks U buy 29.35% stak« in skipping flralOSC From Eddie Toh in Kuala Lumpur KONSORTIUM Perkapalan and Diperdana, which are close to buying a substantial stake in listed Malaysia International Shipping Corporation (MISC) for about Ms 2 billion (Ssl.l billion), will
        281 words
      • 178 16 [SINGAPORE] Harimau Investments, the closed-end fund of OCBC Bank, last night announced a 3.3 per cent Call in its group net tangible asset backing per share (NTA) for the six months ended June 36, 1997. At half time this year, its NTA amounted to $2.07,
        178 words
      • 177 16 AFP [HONGKONG] Shangri-La Asia Ltd has signed a US$5OO million (Ss74o million) fiveyear unsecured syndicated loan facility to finance its expansion, coordinating arranger HSBC Investment Bank Asia Ltd said yesterday. The proceeds of the issue will be used by Shangri-La, the holding company of the
        AFP  -  177 words
    • REGIONAL COMPANIES
      • 612 17 FCC okays plan to slash payments US long-distance companies pay Bloomberg {SINGAPORE] Shares of Asia's telecommunications companies tumbled yesterday after US regulators approved last week a plan to slash payments US long-distance companies pay to complete calls in foreign countries. The Federal Communications Commission's
        Bloomberg; Source: Bloomberg  -  612 words
      • 287 17 Bloomberg [HONGKONG] Hang Seng Bank Ltd staged its biggest one-day rally since June in a tumbling market as investors speculated that the bank might be sold to Chinese interests. Hang Seng Bank, a unit of the London-based HSBC Holdings
        Bloomberg  -  287 words
      • 214 17 Reuter [SYDNEY] Property and financial services group Lend Lease Corp is expected to report on Thursday a rise of over 10 per cent in pre-abnormal profit for the year. Analysts' consensus is for net gain of A 5317.7 million (***** million),
        Reuter  -  214 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 532 18 Bond market setback correction or ominous sign? WerU markets, except Japan, kit by profit-taking, position unwinding IHT [PARIS] Was it a simply an overdue correction, or was the setback in bond markets last week the start of something more sinister? Apart from Japan, markets worldwide were hit by profittaking and
        IHT  -  532 words
      • 587 18 APPLE-MICROSOFT TIE-UP Ahscacerf straight answers may suggest trouble for firms making cUnes NYT WITH all the momentous announcements at last week's Mac World Expo trade show, Apple Computer executives were nearly silent on an issue of strategic importance to the 'future of the
        NYT  -  587 words
      • 140 18 AFP [WASHINGTON] Apple Computer co-founder Steve Jobs sold his 1.5 million shares in the troubled company two months before a Microsoft bailout arrived. Time magazine says in its latest issue. "Yes, I pretty much had given up hope that the Apple
        AFP  -  140 words
      • 268 18 AFP [COLOMBO] Sri Lanka's stock exchange officially launched a high-tech screen-based trading system yesterday and called for the easing of foreign exchange restrictions to allow locals to invest in regional markets. Colombo Stock Exchange (CSE) chairman Rienze Wijetilleke said locals should be allowed to invest
        AFP; REUTER  -  268 words
      • 286 18 The Independent News Service [LONDON! More than 14,000 British companies which supply the UK businesses of Siemens, the German electrical giant, are to be asked to switch from the pound to the European single currency in two years. Siemens UK, which conducts business largely
        The Independent News Service  -  286 words
      • 136 18 FT [BERLIN] Thyssen and Krupp Hoesch are to open talks next month about prospects for merging more activities after the fusion of their steel businesses. But the two big industrial groups played down speculation that they were working towards a full-scale merger following the failure earlier
        FT  -  136 words
    • FINANCE & COMMODITIES
      • 426 19 Bank's interim net np 70% to 1.41b francs; Winterthnr buy seen generating savings Bloomberg [ZURICH] Credit Suisse Group said it agreed to buy Winterthur Insurance Co in a share swap for 1,522 Swiss francs per share, valuing Switzerland's biggest insurer at 13.54
        Bloomberg  -  426 words
      • 353 19 Bloomberg [SYDNEY] National Australia Bank Ltd is still looking to buy other businesses and form new alliances with other financial services companies, chief executive Don Argus said yesterday. "We'll be grey and old and some of us will be dead waiting for organic growth,"
        Bloomberg; FILE PHOTO  -  353 words
      • 391 19 Offshore project is first Golf issue open to foreign investors FT [NEW YORK] An Abu Dhabi company will be formed to raise up to US$l billion (551.48 billion) in equity from international investors to develop an offshore financial and commodity trade
        FT  -  391 words
      • 150 19 FT [HONGKONG] Peregrine Investment Holdings, the Hong-kong-based investment bank, is to acquire the emerging markets operations of Carnegie, the Nordic investment bank, for an undisclosed sum. Peregrine said the deal would expand its presence in the sector, complementing its existing businesses in Asia. "Increasingly,
        FT  -  150 words
      • 230 19  -  By I Soh Tiang Keng [SINGAPORE] Senior executives in life insurance companies feel there is a lack of professionalism among insurance agents in Asia, according to a survey by a US-based international insurance body. The body, whose survey findings are published in the
        230 words
      • 443 20 UK-baaed bank's plans to switch brought about by coming EMU, pound's fluctuations FT [LONDON] Standard Chartered, the UK-based international bank, is planning to switch its accounts into dollars to avoid the swings in its results caused by sterling's fluctuations against the currencies it
        FT  -  443 words
      • 339 20 FT [LONDON] Royal Dutch/ Shell, the Anglo-Dutch oil group, will publicly disclose how it is doing against internal performance targets for the first time in an attempt to become more investor-friend- In an interview, Mark Moody-Stuart, chairman of Shell Transport and Trading, the London arm
        FT  -  339 words
      • 224 20 StMEXßeport Reuter [SINGAPORE) Simex Euroyen futures were firm in late trade yesterday after a sell-off on the Japanese stock market while Eurodollars ended easier. "There was a bit of flight to quality when the Nikkei sank about 4 per cent today. The March Euroyen tested
        Reuter  -  224 words
      • 164 20  -  MSCITAIW AM FUTURES By Ric Trotta Ric Trotta, Floor Manager, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures contract closed lower yesterday as computer-related stocks suffered their biggest slide in three weeks. The August futures contract settled at 418.4, down 6.0 points,
        164 words
      • 268 20 ENERGY REPORT Reutert [BAGHDAD] Iraq said yesterday it would resume exporting oil within two days under the second phase of its oil-for-food deal with the United Nations. Baghdad said it would aim for a new post-Gulf War export record in a bid
        Reutert  -  268 words
      • 267 20 Reuter THE US dollar gathered steam against the mark and the yen, correcting some of Friday's sharp-fall, dealers said. The dollar looked a buy at lower levels after Friday's sell-off of almost four pfennigs and over four yen as the broad-based picture remained dollar-positive as US economic fundamentals
        Reuter  -  267 words
      • Article, Illustration
        642 20 nrrKBBAWK CROSS EATBS 'UiaajjiaiangJiJijaigajiaajgjSB# f s«»«s»sassai3ii!!iniii rim oan ol2Z2 um qjs i» *£5 4 J5S H55 J2J JS H2 M >22 i2i 552 S3E, oS «2 U73 ®S iSJ 0i2« 4173 4JM 3JJf AJA US4 0J54 OJW 5J43 1M0 Oi* IU03 8J* 1712 4jB23 OMI M» ST as is s
        642 words
    • 1352 21 MOPMimUIBg Aug it 5tcmu!tol!l!iX' in am mm qpm mm i— sit Bimin tmrm Sn B7J0 BTJO 137.00 380 375 «V ML75 ML2S MUS 590 W5 IN 97 ***** 1125 Mcvr M7je mjs w.n iso 2225 90 152.75 4425 AprAlwM 07.75 6125 B125 02S B73S jS*»« BUS 4200 BSicomn«(
      1,352 words
    • 1504 21 AFP Qamg -78MB SHARE prices plunged 4 per cent yesterday following a sell-off on Wall Street on Friday and the yen's advance against the dollar triggering panic selling in late trading, brokers said. "Wall Street's drop on Friday and a surge in the yen depressed market sentiment, with some
      AFP  -  1,504 words
    • 1946 21 egii mm HCnm 4R ***** A8 Ports 262 -400 Akbay National 829.400 -***** UMDMMC4 457.400 4.400 A/nac 143 *1400 Asda Group V4A.200 -SOO HTM 500 "9 BGPtc 251 7 BKC 144 -.400 BOCGraap 1170 -10 88 PatroMum 889.400 -1X600 8TR 189.400 -6.600 Bank at Scotland 443 *7
      1,946 words
    • Article, Illustration
      1524 22 Bloomberg Q Hang Seng -187.07 STOCKS took their biggest ;umble in more than a month /esterday, following a slide in JS stocks and bonds on Friday :hat rattled stock markets :hroughout Asia. > The property sector fell on Concern that rising interest ~ates would raise their costs ind trim
      Bloomberg  -  1,524 words
    • Article, Illustration
      610 22 Reuter QShenzhen Blndex +L4O THE Shenzhen B share market closed higher yesterday, fuelled by institutional buying. The B Index gained 1.40 points to 132.88 on turnover of HK$44 million. The A Share Index closed down 8.64 points to 395.19 on turnover of 5.4 billion yuan. Bengang Steel advanced 18
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  610 words
    • 343 22 AFP nWPMm 4Un INVESTORS sold electrical issues yesterday to hunt for bargains in the construction sector, dragging the local bourse down. "Retail investors pursued low-priced, lagging construction and asset-backed shares," said a trader. The Weighted Price Index slid 96.27 points to 9,897.27. Turnover was 2.87 billion shares worth NT$l7B
      AFP  -  343 words
    • 251 22 AFP pWeflington -3MS SHARE prices feU sharply yesterday, as heavy losses on Wall Street last week sent a shiver down the spines of bourses around the Asian region. The NZSE-40 Index lost 30.05 points at 2,508.40. —AFP Mfti B nw «TO -0.20 "542 Advantages HMgs 102 -0.03 ***** Air
      AFP  -  251 words
    • Article, Illustration
      797 22 AFP □set Ma -4JO SHARE prices fell yesterday as investors waited for details of government spending plans for a multi-billion dollar International Monetary Fund (IMF) assistance package. The market did not react to the developments because investors were not sure about what the government would spend the money on.
      AFP  -  797 words
    • 409 22 —AFP QOmpoote Index *423 SHARE prices closed higher yesterday on buying of financial shares. Dealers said most investors remained cautious as they were uncertain on the direction of the market due to lack of fresh news. The Composite Index closed up 4.23 points at 765.07. Turnover was 35 million
      —AFP  -  409 words
    • 567 22 AFP Q All Ordinaries -H2 SHARES slumped 1.6 per cent yesterday in what brokers said was a reaction to Friday's sharp drop on Wall Street. Brokers said further weakening in Tokyo-traded US futures yesterday was a strong factor behind afternoon selling, as it suggested another fall in the US
      AFP  -  567 words
    • Article, Illustration
      755 22 AFP Q Composite Index -17.27 STOCKS closed 2.6 per cent lower yesterday amid concerns over rising interest rates and regional currency stability. The Composite Index 17.27 points at 658.17. Turnover was 269.8 million shares worth 459.1 billion rupiah. "It was another difficult lay. People are still cautious an rupiah
      AFP  -  755 words
    • 248 22 AFP □llMfl* -7&M SHARE prices slumped 2.8 per cent yesterday on a technical correction and amid concerns over corporate results and the currency markets. The PSE Composite Index fell 75.39 points to 2,572.43. Turnover was 2.3 billion shares worth 1.8 billion pesos. Philippine Long Distance Telephone lost 40 pesos
      AFP  -  248 words
    • KUALA LUMPUR STOCK MARKET
      • 227 23 AFX-Asia QOapiitiMß -3M2 SHARE prices closed sharply lower yesterday on ongoing concerns over the ringgit and a possible economic slowdown. Dealers said there was some late selected buying interest by local funds, which helped pull the market off intra-day lows amid strong foreign investor
        AFX-Asia  -  227 words
      • 59 23 c— —7 s§F 1T1 E 3 1 rnSSSm I g i IJ j stlSriSirt vi ft jST~ n n) J HmMW IWWO m*A .MWrti i —mm tSiniui ziKy vStftS UlM^iSto|Gfi9«« MM >)yltTjOOP IS it iSScStpi T S8 *8 iftjriaM S m S£=| i mm. iM* x anSUt, 5 5 at
        59 words
      • 7105 23 N8MMRMI r* f-" ff; 'iSEfe Cmw arafects 1997 Loot *o< My "J* 5* Lear CT I* W H» L— P/E M 790 510 Ajmomoto 520 30 Jj "0 510 28* 2»* 448 275 Anqkasa 27* -15 117 292 275 83 407.0 905 600 ApoMFoodMf 650 "5 27 650 600 7*5
        7,105 words
    • WARRANTS&OPTIONS
      • 186 24  -  WARBAMT WATCH By] R Sivanithy REGULAR readers will know that warrants which are near the end of their lifespan will invariably trade at a conversion discount, so today's feature is an odd exception the Taiping Consolidated warrant in Malaysia. This instrument expires on
        186 words
      • 2950 24 7 LMt Vo* D«Y LMtOuoU A** \jm MM t|—|"lf «4» xr- fOOOt W» t— «<*» W" ~ii 42 3000 m AMOS cSs******* 42 «jj I «J nto *Ac*r W*****1USS *S 3.5 55 i Dl *6 31*4 Acma W*****4 703 -2 38 723 703 703 72 73 S3 2* 31*1 MTKDW0KM07
        2,950 words
    • 1501 24 I M LMl P? IMMI i WJS HCB i it- $tm ct rooo> hm» t— mh* w» cw w* 290 m.5000 AISSSOc 1» "0 290 2M 5 <9 04 92.7 2974 IT 77 Ml 900) AMOS SOc 7T -9 668 81 77 77 79 94 JJ-* 0 IM
      1,501 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1388 25 TUMOVCR ('000/ VALUE COOO) llww a' vw 'tn» cn» t«m MM Mt40« T7.82S »M» *>•*£ ar tS v& 26 &z uSi 3r tM *ss I.??! fH""** 545 sJS 1.078 1.078 TXM 8.130 15,339 4,884 6.172 1.057 g* 184.480 55.W WAS 443.370 77.008 520.376 ———TI CUM TOTAL *_jsa f IT »*f
        1,388 words
      • 3980 25 Transaction Date: Aim 11 Cr Or M Wt LMt Vet Day LM« Out* W» Wv VM Net Cm Avf >W)> rim>i-T sate cooo) Hi* l— Buyer» c w 157 105 1020 ACE DynamicrtOc KJ7 -5 84 1» »5 105 107 87.6 HI 5146 AS£ MT$K3200 US- 88 5
        3,980 words
      • 912 25 Or Or M W» ,997 Last Vol Day LMt Ow*. Mr Mr V* MM c*» A<* wmi L— >Wt %f *h roow I—i t— Myr »«—r CV W 186 76 2000 AMHMOtSc 147 -4 328 152 WO 144 147 3.0 4 0 0.1 210.0 65.4 148 55 >44 I
        912 words
      • Article, Illustration
        66 26  -  bf Shiv Taneja TAN CHONG MOTORS closed nine cents lower at $1.% on a volume of 1.37 million shares yesterday, compared with its 10-day traded average of 729,600 shares. Despite the fact that both the RSI and stochastics charts are below the 25 level, investors looking to buy
        66 words
      • 211 26 rz Vit—w £t«ng Inv NT5 70.589.000 Ira Foodi Prop 7,820.000 fctandUSlOc 7,156,000 Hotel Prop 6,731.000 llH Capital 4,713.000 ITC Corpn 5c 4,427,000 •MBf Hkkjs 50c 4.082,000 OCBC Foreign 3,841,000 Mnjin Zhong 3,707,000 gngTel 15c 3,615,000 Stocks 5 JcBCForeign 52,427,706 V0B Foreign 41,234,047 Hohing Inv MT5 32,951,645 US Foreign 30.875.010 VH
        211 words
      • 694 26  -  STOCK MARKET COMMENTARY A weak ringgit, Nikkei's collapse, uncertainty over Local/Foreign dual listing and jitters over Wall Street all take their toll By R Sivanithy [SINGAPORE] A sudden withdrawal of foreign money, said to be part of a redemption programme
        694 words
      • ON THE GRAPEVINE
        • 192 26 BORED brokers until recently had little better to do than bet when the Nikkei Average and the Hang Seng Index might meet Well, the two took more than a small step towards one another yesterday when the Nikkei plunged 780.3 points to 18,824.18; whereas the
          192 words
        • 98 26 THE latest issue of the Singapore Cricket Club magazine carries a stern injunction to its members: No handphones on club premises. The notice says members and guests who have handphones are reminded to deposit them at the reception as they enter the club. It
          98 words
        • 73 26 PRESIDENT Suharto's second son Bambang Trihatmodjo will lead a consortium to build a mint in West Java, AFX-Asia reported yesterday, quoted Bisnis Indonesia. The latter attributed a source in the Ministry of Industry and Trade as saying that Bambang would build a printing plant for bank notes and
          73 words
        • 126 26 GONE are the days when you advertised for someone to head up your marketing department. Nowadays, it's a "super-communicator-style marketer" that you are looking for. According to a recent issue of Global Money Management, the All billion Queensland Local Government Superannuation Board is looking for a turbo-charged marketing whiz
          126 words
        • 97 26 IT SEEMS Singapore Power's chairman Ho Kwon Ping knows a thing or two about pregnancy. At a reception after the announcement ofSP's first full-year results, Mr Ho said SP is like "half pregnant" now. "As a statutory board, we know what we are supposed to do.
          97 words
  • Page 15 Advertisements
    • 385 15 Call us for following Industrial Properties FACTO*y7" WAREHOUSE Jtn Ahmod IkroMin Brand ne» 2 Storey FactoryTlfcehouse tor Salt Rem Built-in 16,000 per floor, c/w built-in J wrong Purpose Detached Foctory cargo lift Jk Land 50,200/ built-in 44,000 Good Rental Package 1 1 SXSSKJ™ TT z!c 80,000/150,000 sq ft SufoW* o*e*rooic/G«*fd
      385 words

  • Page 16 Advertisements
    • 94 16 Quantum* PI I tfllM inreiroce vitro SCS-3 (Narrow/Wide) Ideal for high-end storage subsystems, video servers and workstations. Most advanced technology for exceptional performance and higher area! density. At 8 milliseconds, industry's fastest seek time for a 9.1 gigabyte drive. TmA» in vour 7200RPM drive* (other thon Quantum) for o CjOlJ
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    • 108 16 mrnmrkkt UMriakf f r I With our 125 years of experience in Private Banking, you can rc |y 01l personalized service and a tradition of wealth management and preaer vation spanning generation* Thai may sound conservative But it can be a solid asset for your aaeoWc're innovaive, only when It
      108 words

  • Page 17 Advertisements
    • 513 17 THE JAGUAR 75TH ANNIVERSARY CELEBRATION Get set Silverstone, here come the 25 lucky jaguar owners! Didn't we tell you that if you're among the 25 lucky buyers, you'll get to drive the range of Jaguars on one of Britain's most famous racetracks Silverstone at Northants? Well, the wait is over.
      513 words

  • Page 18 Advertisements
    • 308 18 I (ii What GOOD is Marketing if YOUR PRODUCT IS #1 ciM buT nObody knoWs it ALM Dirty air is we are the 1 to introduce ozonieT/anion system in Asia /Jtayrffwe are #1 to offer media planning facilities in the internet. we are #1 PR/Ad agent to place our ad
      308 words

  • Page 19 Advertisements
    • 159 19 Even the room rates should help you relax. Special introductory rates.- 40%* off across all rooms. At the Merchant Court Hotel, you can enjoy the resort becomes even more enticing with our special serene atmosphere of a tropical resort while being introductory rates. Room rates start at just $156* within
      159 words
    • 464 19 Tung Centre 1,566 sf Parkway Parade 1,592.48 sf/3184.96 sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1,776 sf/7,739 sf/13,982 sf 172/174 Paya Lebar Road Short term lease 15,435.58 sf/14,477.58 sf m m First Capital Property 5 h 5 Management Pte Ltd sss.: r ißr W tmbcr of Firat CifiMtl Corporation
      464 words

  • Page 20 Advertisements
    • 171 20 SjjjJgll qss thete anyplace south ojj Wm (<ptoncj <^Kong to yet authentic Cantonese cuisine? (Q<jj course. Savour the exquisite flavours of traditional Cantonese dishes, prepared by our team of master chefs from Hong Kong at the amard-tuinning Wah Lok Cantonese Restaurant A member of Curiton Hoteis Auckland Brisbane Mettxx ime
      171 words


  • Page 22 Advertisements
    • 28 22 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 25 Advertisements
    • 47 25 Time makes I |Bfe jmf ovned subwWy of UMTTH)) BS jj jj i 391 A Orchard Road Ngee Ann City #17-06 Singapore *****3 I Available at: DICKSON WATCH JEWELLERY: The Promenade. Centrepoint, Suntec City. HERMES BOUTIQUE: Liat Tower. Daimaro. Takaahimaya. Also available at all leading authorised dealers.
      47 words
    • 8 25 Home Decor For people who love their homes
      8 words

  • Page 26 Advertisements
    • 330 26 BUSINESS Notices To advertise call toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that, I Clara Lum of 319 Ang Mo Kio Avenue 1 #07-1485 Singapore *****9, have applied for a Wholesale Liquor Shop Licence in respect of M/s Rapa-Nui 'Distributors located at 370H Alexandra Road #10-01 Singapore 159% Land that
      330 words
    • 314 26 NOTICE IS HEREBY GIVEN that, I Pang Yong of Blk 202 #08-639 Petir Road Singapore *****2, have applied for a 2nd Class Beer House Licence in respect of M/s Villa Restaurant located at 134Casuarina Road Singapore *****2, and that this application will be considered by the Liquors Licensing Board on
      314 words
    • 323 26 NOTICE IS HEREBY GIVEN that, I Ko Kok Hwa of Blk 168 A, #10-242 Queensway Singapore *****8, have applied for a Ist Class Public House Licence in respect of M/s Poppers Cafe located at 83 Tras Street Singapore *****2, and that this application will be considered by the Liquors Licensing
      323 words
    • 502 26 NOTICE IS HEREBY GIVEN that, I Indrajati Surya of I, Chatsworth Rd. #20-25 Chatsworth Court, Singapore *****5, have applied for a Beer House, Second Class Licence in respect of M/s Ramayana Indonesian Restaurant Pte Ltd located at 6, Raffles Boulevard, #03-242, Marina Square Singapore *****4, and that this application will
      502 words
    • 283 26 NOTICE IS HEREBY GIVEN that, I Low Eng Seng of 461, Upper East Coast Rd #02-02 Singapore *****6, have applied for a Beer House 2nd Class Licence in respect of M/s Mum Mary Restaurant And Cafe located at 205, East Coast Road Singapore *****4, and that this application will be
      283 words

  • SHIPPING TIMES
    • 309 27 Bridge News ROMOURS again circulated of tonnage Hooked in on the key US to Japan grain run as rates remained at weaker levels. In the east, levels W6re holding steady with qpdern vessels continuing to be booked in at the mid u899,000 daily range. Soon after the opening
      Bridge News  -  309 words
    • 136 27 n>Tnwi»iin»n in -004u igwHW— 8** -0JU 1225 SSf-Mu -agS 125 SkXmm o-72 -0.005 lSTi2L—°S5 «SSS 2 2 Ji>NmSMh«N 4J0 unch 237 S.95 -0 05 1M2 ZroJ 4.78 -022 324 ISSttartM U9 ♦am 25 UM -002 225 8Sr==» 3 M0L 4— MnvtMHlM US 174 -0.14 757 SSKcSST-aw MM gSf^-
      136 words
    • 583 27  -  It will be expanded to cater for mega-ships carrying op to 3,000 passengers By] Marcus Hand [SINGAPORE! The Port of Singapore Authority (PSA) has embarked on its $22.5 million upgrade of the Singapore Cruise Centre (SCC), including expanded arrival and departure halls and pier
      FILE PHOTO  -  583 words
    • 577 27 Project will become springboard for l&ndbridge proposal across north M'sia NST [KUALA LUMPUR] After centuries of being a major shipping route, the Malacca Straits may Anally become a minor cargo passageway following a massive economic project off the coast of Kedah.
      NST  -  577 words
    • 218 27 [SINGAPORE] Singapore not only has to further enhance its port but also the other maritime-related sectors to improve its international competitiveness. Dr John Chen, Minister of State for Communication, made this point at the 20th anniversary dinner of the Institute of Shipping Management.
      218 words
    • 229 27 Journal of Commerce [LOS ANGELES] The Pacific Maritime Association (PMA), which represents US west coast waterfront employers, is preparing to sue the International Longshore and Warehouse Union for financial damages suffered during a four-day shutdown of the Port of Los Angeles last month.
      Journal of Commerce  -  229 words
    • 1163 28  -  MAXUTXMH INDUSTRY: SAFETY STANDARDS When port states began stricter policing of vessels, they called into question the industry's tradition of self-regulation American Bureau of Shipping chairman Frank larossi discussed this and other issues with Joe Evangelista Joe Evangelista Evangelista (Q): Classification is often subjected to harsh words in
      1,163 words
    • 240 28 PACE Entas 6 td Emgrtw mi j t Famws 7 Accord 12 6 c FoongSun 12 «u« "122T h iuMf ttMfcPQ It G»ot>elink 7 7 G0WM 4 Guar GUM 4 H» Sun Hup 12 CCNI 7 j} •CM* 3 3 COSCO 5 r«T
      240 words
    • 14285 34 THEBUSINESSTIMES EXPORT ETA ETA Adv*tlnr VnM VoyiO. TW«#OM ETA ETA VMJ* VOJW T£p*x» SIN DMTn ta. Nimi NumMr NwWir SIN Dwfn N—. N—» NT 1 20/01 B/n DSEN WASHINGTON SENATOR WFT37 45 434W10 1 To BRISBANE (BNC) 205B To ABIDJAN (ABJ) 2003 Queensland. Australia Ivory Coast. Cote D'lvolre
      14,285 words
    • SHIPS IN PORT
      • 667 41 V«H Voy No Bfth Anlvol 0mrtiir6 JM|M AM* FhM i-i JO 0*rt><S Mais Ijm) (N/97 Jt6 itmpiii 13.06/1600 bU.Mii H371 J02 atoafUd* UMM IM *H( JOI «lwnn«i 12 08/0700 R P* ***** 020(97 J01 "-SJSf* M Srfrvi *****7 JOI «IW|lMl 12.08/0430 R W III *****7 J01 12.08/01* CMM
        667 words
      • 1750 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofcknq/BaUftct Rstls SI# Voy Mo Etb/Btr Nrioi FroM T> Frew u« nw h/otoo ivwoo WHS* lywoc vttoc n/i*5* n/i*oo u vttoo a/o*s* wxx n/"oc 2 0*5* 2 wx J 12/0700 B/m B/MM b/bm b/m» b/bm u-w *w" 5222 ggg qg"f
        1,750 words
      • 182 41 Aogl2 Thailand The Queen's Birthday. AaglS France: Assumption Day. Belgium: Assumption Day. AmgYT Indonesia: Independence Day. Hong Kong: Liberation Day. Philippines: National Heroes' Day. United Kingdom Summer Holiday. A«| 31 Malaysia: National Day. B^l Canada: Labour Day. Sap 15 Japan: Respect for the Aged Day. Sap 16 Hong
        182 words
      • 873 41 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead at single prices for a more comprehen stve description of the market. Prices shown are baaed on average sized stem Market movements are lndicat ed. The Cockett Bunker Price Index change
        873 words
      • 360 41 Carton NO Max 992.9 0.9 !W 0.07 75 0.07- km 1 DmnKt Mir RmMm Art taW* MM Ho a»0M E25 0 I 0 0 0 J MO Aw 906-5 0J 12.6 0.06 37 0.02 tow 300 Max 9914 0.9 17.7 0.12 00 0.09 U/tri %1H m/m
        360 words
    • AIR&LAND TRANSPORT NEWS
      • 407 42  -  The 40% increase in Asian routes is part of NCA's plan to stabilise fluctuating revenues By\ Felix Chan [SINGAPORE] Nippon Cargo Airlines (NCA) will be expanding its Asian routes by 40 per cent beginning next month, as part of its current drive to improve route
        407 words
      • 211 42 Reuter [LISBON] A Portuguese government decision to order striking pilots at state airline TAP-Air Portugal back to work has apparently failed to solve its immediate staff problems and could lead to more protests. But, by ending the strike, the government may have taken a
        Reuter  -  211 words
      • 269 42 Reuter [HANOI] Vietnam's national carrier, Vietnam Airlines, said its growth rate during the first seven months of this year had fallen sharply and blamed a slowdown in the economy. An airline official told Reuters that growth between 1993 and 1995 had reached an annual rate
        Reuter  -  269 words
      • 168 42 AFP [LONDON] The pilot of a Sabre Airways charter plane refused to fly 187 passengers from Gatwick airport in London to Sicily after incidents between passengers and crew, the British company said on Sunday. Police intervened to escort the crew off the plane, and
        AFP  -  168 words
      • 290 42 NYT [WASHINGTON] Officials at the United Parcel Service stepped up their calls on Sunday for President Bill Clinton to intervene to end the weekold teamsters' strike, but administration officials said Mr Clinton was leaning strongly against such action. Because the negotiations broke
        NYT  -  290 words
      • 318 42  -  Company expects better transhipment times from Asia to US By] Marcus Hand (SINGAPORE] Operations began at Federal Express' (FedEx) new hub in Chiang Kaishek (CKS) airport in Taiwan yesterday. Michael Ducker, senior vice-president for the Asia-Pa-cific, told Shipping Times that the 1,680
        318 words
      • LOG Book
        • 75 42 AFP [JAKARTA] Air fibres in Indonesia will be increased because of the depreciation of the rupiah against the dollar, a news report said on Sunday. The Antara news j agency, quoting Transport Minister Haryanto Dhanutirto, said the government had approved a feir increase request from
          AFP  -  75 words
        • 84 42 AFP [AUCKLAND] A private air ambulance company has taken over the Royal New Zealand Air Force's role of flying acutely ill Pacific Islanders to New Zealand for urgent medical treatment The air fbroe cannot afford the cost of j an average six
          AFP  -  84 words
        • 59 42 [SINGAPORE] Hongkong's regional airline Dragonair has signed an agreement with the Chek Lap Kok airport authority to build its new headquarters there. This means, tor the flret time, all Dragonair operations will be at the same site. Dragonair and the China National Aviation
          59 words
      • 1459 42 CITY FUOff ETA OKHT —W WW MUfe Of 81 mo ore ass I NMi v*745 uoo ntM moo SO 229 2220 Wl W fW# MB ■lIlilM $0327 0005 6*092 0030 Nat Yd ***** 2105 ***** 0020 6*097 KM5 KL044 0040 MM95 2150 MM96 W5 KL037 M55
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  • Page 27 Advertisements
    • 13 27 Maritime industry: Whither self-regnlation? Interview with American Bureau of Shipping chairman. Paip 2
      13 words
    • 358 27 Nippon Cargo Airlines to expand Asian routes The 40% increase is part of carrier's plan to stabilise revenues. BaokPafs Zim Israel Navigation has confirmed the appoint- Jjj ment of Dr Yoram Sobba, acting head since Jan 9, as the company's president and chief executive officer. Gomatrans Singapore's general manager Captain
      358 words

  • Page 28 Advertisements
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    • 571 28 Linn MniCM represented /*K9kv by Members o< the Regetry of \\X*p)j AocrwMad SNpptng Agents. S'pore Shipping Aseoc Members at the Singapore Freight Forwarders AaaodaMbn. lAL Container Line (UK) Limited -Ai.vjfs Marine Transport Resources (S 1 Ptr Lt>l Tel 223 8380 Fax 223 8387 "For Smooth Delivery Call us" Weekly to
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  • Page 29 Advertisements
    • 709 29 PACIFIC SOUTH WIST EXPRESS (DIRECT) ALSO ACCEPTING MAHAUS VIA lAX/HOU 111 luml Ml W(U Ism FID I LAX DM. 01 MTC Ml HOU NOP 1111 li/5~ v/m v/u 20/ m 20/00 vm vjmvm I I SnSsr 5 wwrl luT g/w m/ 09 g/w 10/10 14/10 is/M is/10 wo W" 15/11
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    • 1493 29 (g) HANJIN SHIPPING CAM«Jk* I i I„I Iw« I lw> |i I |i» I— Ill—l iw-rgr im 11. "I" I l—« —wir mJ-«i« "i" gg *•<* x "C \',Z "C "C HR nm n/■ I"» i'/w »m Bg ""Z jZ I ruuiiuuioiota i7/m n/n I u/w n/w w/w n/w n/w
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  • Page 30 Advertisements
    • 1074 30 rr DSR-SENATOR ill Round the World Container Services TOUK/eOirnNBNT FROM UK/CONTINENT Im fM I RTM I WT IMV I HAM IFU lUU I VOV I LH* IWJ I STM I IRV I NAM IsTI atnimmu wßm HI" —"HIT ibvjhkmtm am mm n.r an hjh mm i7H CMOTMHCMMGi na mi u
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    • 876 30 NORASIA 1 HOT MX AKT HSL LHA I NORFMBOUR6 1731-3 I*M I 2M 31M NM 1669 Ml 11M MM 96M MM I NOR HOMGKONG 1732-3 M M 97M KM 17M 13M 1W "M 12M IIM I mSWUAH 1733-3 55 UM 14M 23M KM 2MI 29M 19M tW 17« MSC MFMELA
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    • 456 30 LINE WO* A tWLx *****11 PAXi 215U37 *jj«APA I 1 AMiAM 1 1 vosa vot m in msa vot no m MOM NUtA POM IN j nam vi*/»; u/m is/n inom vi«/f7 u/m m/m tftftGUXT VW/V7 M/M M/M MtMMT VM/V7 M/M M/M iPtosrai vi«/f7 u/m m/m jnmm vi«/*7 n/M m/m
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  • Page 31 Advertisements
    • 868 31 unan VOY HI POU PKQ PHI M.W 585 MAN OHKYAAAAT PJC-1243 31/07/97 07/00/97 02/08/97 18/K/97 10/0*97 MAN MEELAD PJC-12M 3Q/06/97 19/07/97 11/U7/W7 MAN QHBYAMAT PJL-1230 21/06/97 aa/oa/97 MAN YAANN PJL-1226 Li 10/08/97 Li «MW7 ACCEPTING HILL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAJJAN, ARMENIA. KAZAKHSTAN.
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    • 1377 31 SMGAPOtf'S 6MEML A6BUS: 4SHBHOW WHY TIL 22*1900 FAX: *****01 OUTOftftD (B/l) :7S3o2JOMOtloscfc^^^^^^^^^| COSTAR SHIPPING PTC LTD #17-01 MS UDG SAUS/HGS 4HSMI/43 MMID Den (D/D *****8S COSTAK AGENCIES (M) SDN BHD a MO: ***** WWW TOWtt TWO {MHO*) CCMVHfTKttAI j 4»stsi/ss T/SHHWPgT 4»StiS IE; IM7-IS Hit* MI.JM7j$l»Ut yayw nir~|ws M IM
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  • Page 32 Advertisements
    • 1039 32 EU«OPtAJK^CAIH><IU¥U^WiAMDmU><4A aw ID* HN IV IS UN IHV Tlf RD«I AIM HM m uny&i mjm IUM Sua IVN IW MM It/M E. MFTEDRE4M 2M7 IM7 2U7 17M MMTF MMia n£ 12/S 18/W UM WM HM 17M E.WVWRMM IW 2M7 JW7 JM7 >If 7 Ml Ml [3m] ism mm mm hm
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    • 930 32 Smvu oSwoiw ti/m 3V« jmS m/m 3/w ovw ovw om* mow m«mm« ovm ovm ovm k« miim I •Ai»»rrwp<riflFCLtoDo^Sh^>ftaCXjb^MuB^(MnaQaac)o<)v»Abuj^bj 1 voyaoi »sc Kt lie sor lunwui rnrnn IVM to/m nm uasuras ossns-m ovm os/m ovm iVM lUMONMIO sl?w Sim IM IMO wcmkok. mmot (Mi JVM I mnv Mil mi u/N
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    • 408 32 NANTAI LINE 1 FULLY CONTAMERISID SERVICE TO MAURITIUS SOUTH AFRKA vissa vor m |fm w err auraifflis pis wan m tt/w nm mm cits ii/w *m 3i/o» «/w mm ptwcEss oits ts/m ivw ii/w mtUIQUta 078 31/N «/W 13/H 17/W ggmjai wis 07/w iy/w ag a/w Murma pits is/w w/w
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  • Page 33 Advertisements
    • 641 33 BSfl il MO MYANMA \BBBk FIVE STAR UNE T (MywMMT NCHMMI Um) W LoWhf he Ym«m |lii|Mi) Vfssa VOT SM K6 pn ku MM6IA SO S»» OMSMMNM 7W 11/ M ■AiATSU AGBITS: IOIISTIAO SMfPW6 AGfNCKS Ok 1H M-M-MI7SM PM: IE M-M-J7MIOI PIIt 1H 91-M-MU4OI P€ft TH 01-07-*****11/4 BANK LINE (A
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    • 1042 33 HYUNDAI MERCHANT MARINE CO. lIP. WESTBOUND TO EUROPE BKG: *****32 ImSUM IWW I I i!/« I I nm nm NT MM MM* 17/ M M/M M/M OS/M M/W M/W M/M OTMJWI JMW M/W 10/ M 11/W l»/W 13/W 11/W M/W SSSn M7w 11/ m 17/w to/w m/m flflt I M£»
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    • 453 33 FAMOUS CONTAINER UNES HtS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 gF HOT UNE: *****33 (30 UNES) tmrmmmt ihiiiukmji imaa—rn DAILY SAILING TO (f ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 UNES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 WEEKLYSAIUNG TO CANADA ON WEDNESDAY
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  • Page 35 Advertisements
    • 42 35 ■ii«T«iirr«ijiiiiTaiTKiiir^jfcTi]4Tji To retrieve more schedules, Just follow these simple steps... document ial 740-6000^^^^^^^^ the port Venter your Ste ste P ld key 111 the four number —i «fL I Key in your **"2£L wumt [axnumber To NEWYMWyiVC) ffl» for calls within Singapore
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  • Page 37 Advertisements
    • 333 37 INDONESIA NATIONAL LINE TO EUROPE T IXPWEBS BE£3-CONTMNERI3gD SERVICE m I VOY SPOKE *DAM/W O*K|H »UW6 meikn Antwerp kutai |iow> 3w> vi» omit t/ii TO AUSTRALIA 1 puuLOQWUMwaiagwicc ML W*_ W *BT H* M SYD IE HM <a fflt mwg> ins *m nm zm mm vm kmumi v.ns tvm am
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    • 1079 37 ADVANCE CONTAINER LINES (PTE) LTD A I Z 140 Cecil Street #12-00, PIL Building. Singapore *****0 —IX I TEL: *****21, FAX *****19. TELEX :RS ***** ACL PL CT NO. **********0E BANGKOK JAKARTA (5 SaiUm/Waak H PAT. 3 SatUnoa toMTT. 2 SaMtafi to LCH) (4 Ulllaft/Wctk -—Ivtssa Ivor |w jkt mw
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    • 807 37 VESSELS "W "ST" JED PSD LEH MAM RTM AH^— W-LE OE SAQfTTA »1W IS/08 27/08 28/06 07/08 06/08 10W8 11/08 !25?— V-LEDE NORMA N2IW WM 03/08 06/08 14/08 16/08 17/08 IS/08 18/» VHEOEOEMIA H2IW 31/08 10W8 12/08 21/08 22/08 24/08 25/09 2555— WLLEOORK3N V2IW 07/08 17/08 10*08 38/08 2S*» 01AH)
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  • Page 38 Advertisements
    • 950 38 ■AWtKOK/UiM CHAIAMO JAKANTA/FANJ ANO reyra I VOV aw BKK LCH VESSEL VOY JKT PJW BAN! BHUM 58N In Pt' I*oB ~15/08 PEJA BHUM 7088 In Pt 15/08 14/08 SRISAMUT 13/08 18/08 EAOLE TIDE* 182 18/08 MATHU BHUM** 343N 13/08 18/08 17/08 XETHA BHUM 212S 14/08 18/08 I NANTA BHUM 368N
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    • 685 38 PUL INTERNATIONAL UNE PUL INTERNATIONAL nit— JMUtaWKI) ISI6S/WK yQY I SIM I JRT sm hoi Ewiuc I wrr vw I U/Of I W I jV9f 1 ah'AMrf? Ifo I \\/n wp I }/jj fi i»/B M 1W l m 1511 MSWrMi fflgg»Sa I ij/S BI H/m BT H'/BI /yoMTMUum 1
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    • 818 38 a ACCORD A SHIPPING PTE LTD M±S Tfl: ***** M (40 Ucim) FAX: *****46 POtTKLUK B Wk MMCT ACCESS TH.: *****57 (IXPORT SOOKINO) MSMfiODMM fJ)UHV7 225M57 (EXPOMT DOC), *****64 (IMPOST) HHUtG U(tL:HTTP;//WWWJkCCOdD.COM.SG MKJUtU wyw WHTT ni $W POKT ETA fill POKT 5 SIN W>W 1H SIM (FAR EAST) (INDIA) (EUROPE
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  • Page 39 Advertisements
    • 417 39 SINO EXPRESS SHIPPING r 11 COLLYER QUAY #06-01 THE ARCADE iSINOTRANSI i S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SIWOEX NQ/ SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL I VOYAGE ETA SINGAPORE HONGKONG IHB I 20/08 m I 97ltt g/g SB 31 W NORDSUHD l 9706 ?9/08 03/09 07/09 NEW HAIHUNG
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    • 279 39 Cantor: MM COffTft UMES, iC f\ /\~J Cm MOi IMDMM «8U:|064) *****6 I4AMLA; (832) *****61 X PENANG: (04) *****6 8ANGK0K:(662)J*****7 SURABAYA:(3I)26I6BO P. KRAMQ: (03) *****77 JKT (21) *****07 lOt (61)*****3 EX PKG TO HONGKONG lUMS TO PUSAN/KEELUN6 IX I^WJV < MV -CY PROGRESS* 732N ™IS°i9Bl»f P MV "ÜBftA AUST" V
      279 words
    • 142 39 ■sv TRADER In R Nanffldm/AtM/UK I ■muRATKIRAN 15AM N«n/Rc»rn/Ah«/Bmn/UK ■STORM WIND IVOB 18/36 Nan/Rdm/At*A* I ■OCEAN ISLAND 15/06 Nanffidm/AtmAJK H Loads E/W Maiaysta. Indonesia I for ■c. KAPTANOGLU Jaddah/AqatM/Egypt/Syria I ■ARETUS Dubai/Bahrari/DarnmarVKuwaM I ■uCHAS J«ddah/Aqabal/Algaria I ■ZEYNEP K DubatfßahraiiVDoha/Damman/Ku*»a* I Toad* Singapore. E/W. Mataytw. Indonaaia J ■OKTEMAKSOY boa OrtaanChartaataV I
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  • Page 40 Advertisements
    • 764 40 Shipping Times 24 "BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. 4 K Call 740-6000 Press "1" key in Document Code Key
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  • Page 41 Miscellaneous
    • 133 41 •C LEGEND. > R Thunderstorm Temperature c X\ y Shower Weather _X Wind direction with speed in knots Roin \J Cloudy Sky Wov h *fl ht wi "Seated by orrows wtocfc Hy with the wind t Cy Orm fut circle represents catm or bght and voriatole winds I One hoM
      133 words

  • Page 42 Advertisements
    • 101 42 EBHIBI The Preferred Chain of No Frills Hotels WITH 718 ROOMS NOTiL 81* PRINCESS HOTEL 81*010 HOTEItMMI Lorong 12Geyiang Lorong 20 Geyiang locong 18 Geykmg %t 842 8181 lei: 295 8181 let 748 8181 HOTEL 81«6EYUUK 1 5, ?5322?^ Lofong 16 Gevkmg Kquesi Larong 8 G«yiong lei: 841 8181 Convenitntly
      101 words