The Business Times, 28 August 1997

Microfilm: NL20889
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    8 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE
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  • Article
    MARKET SUMMARY
    69 1 Q SLSJ4 (-9.24) PIBT-SEI mm (-2.21) n BTOGHP itfUMA (-24.90) Fl BTHBA M MQL44(-12.08) P| MABJETMOOD: IfTWI wmws Wednesday Change MSE COUP 847n -8.08 NIKKEI 18,***** ***** HANOSENO 11MJI -1*17 SET INDEX SO.74 -L7i JAKARTA COUP _i» 4« >1-0 MANILA OOMP —U84.M -U7t TAIPEI WP! 10.0M.f7 4117 SEOUL
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  • Article
    FINANCE
    67 1 BOURSE SATES US* USS t im—1«7 DM MB UK YEN tM OW LM MS 0JJ56 MM ffff g«M UN. BAHT MB MB KJPUH 1W 0.0K 0.0M PlIME RATES SINGAPORE* 144 KUALA LUMPUR IN JAKARTA 18.N BANGKOK 11» MANILA UN 80N6K0NQ 175 TA1PR I.N STDNEY—v- IN TOKYO.,—- 11® aprn,; ii75
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  • Article
    KLSE slaps trading curbs on index stocks
    674 1  -  Share boy back scheme may take off within a week, says Anwar From Meera Tharmaratnam in Kuala Lumpur AMID a sustained selloff on the stock market, Malaysian Finance Minister Anwar Ibrahim yesterday announced that share buybacks may be approved as early as within
    674 words
  • Article, Illustration
    Lock icon Six months' jail for fraud, forgery
    103 1 [SINGAPORE] CAM International's former chief financial officer and the managing director of its trading partner were yesterday jailed for six months each for fraud and forgery. The sentences meted out to Ng Chee Tiong (left) and Toho International MD William Lim Teong Kuan were
    WONOKWAI CHOW/ST  -  103 words
  • Article, Illustration
    Straits Trading using tender system to sell Gallop Gables
    522 1  -  By. Jenny Lam [SINGAPORE] Straits Trading Company is selling its 140-unit Gallop Gables condominium by tender a system rarely used to sell a residential project unit by unit. Then again, it is rare that Straits Trading is marketing the condominium now
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  • Article
    KL scraps M$ l00,000 levy on foreign property buyers
    617 1  -  Bnt no indication whether other curbs on foreign ownership would be relaxed From Eddie Toh in Kuala Lumpur MALAYSIA will lift today the MSIOO.OOO (SS53.340) levy imposed two years ago on foreigners buying properties worth more than M$250,000. Deputy Prime Minister
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      113 1 DTSXDE Nat Steel has reported a better-than-expected profit in the first half of its fiscal year, thanks to contributions ftx>m its core businesses, Pg 17 Four of five listed Singapore Technologies companies will suspend trading today pending an "important announcement", Pf 17 flraiißiw From next March, petrol stations in Singapore
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      80 1 Credil////A t Afei WIN lIK.bl ADVI N I IJM I MI'S x§J 1 DRIVI AWAY A I AND ROVI K l)IS( OVI HY V 9 Sui'' up >dit .1 ih; \< iu (<»ui< illr i .i 1 and Rover Discovery or find vourst.lt revollirKj in th< nudni<.;ht sun in Norw.iv,
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  • SINGAPORE AT HOME & ABROAD
    • Article
      S'pore petrol stations to go completely green next March
      533 2  -  Mm to mU only Wad-fmpttrol will brißf Stopper* la HMwitbooutriM UktßnnptudVB m Ronnie Lim PETROL itttioni hart will |o completely pttn next March, whan thay will Mil only leadfraa patrol and itop tha currant N octana laadad grade, This will affMt
      533 words
    • Article, Illustration
      Lock icon Singapore's actual investments in China fall for first time since late 70s
      440 2  -  By Lu Ning DIRECT Investments by Singaporeans In China, both pledged and actual, Ml sharply in the first six months of this year, official figures from China show. In particular, it was the first time actual investments from
      Source:  -  440 words
    • Article, Illustration
      Lock icon Q1 labour turnover rate up again
      331 2  -  HTB ON THB BOONOMT Labour Audrey Tan OVERALL labour turnovtr u mea sured by the average monthly reelgnatlon and recruitment ratea roae acaln In the first quarter after felling to a 10year low laet year. Lateet available figure* from the Mlnletry of Labour ahow
      Source:  -  331 words
    • Article
      No evidence Yamaichi S'pore involved in payoffs: Simex
      320 2  -  ißTNtiffttOnfrOß Japan npaetad to wrap ap probata-* today By I Siow Li Sen THERE la no avldanoa to Indloata that tha Slngapora offlca of Yamaichi Futuraa Pta Ltd was raipomlbla tor any allagad tllagal payoflh to a J«p« naaa oorporata gangatar by
      320 words
    • Article
      JTC starts offering HDB housing to foreigners
      439 3  -  Programme part of government's effort to attract foreign talent to Singapore By] Diana Oon THE Jurong Town Corporation yesterday started offering HDB housing to foreigners professionals, skilled workers and even graduate students under its Scheme for Housing of Foreign Talents (Shift). The programme
      439 words
    • Article
      Sing Tel to offer one-card roaming service in India
      253 3 FROM Sept 1, Sing Tel Mobile's GSM customers will be able to enjoy roaming service in four cities and three states in India using just one Subscriber Identity Module (SIM) card. The cities are Bombay, Calcutta, Madras and New Delhi, and
      253 words
    • Article, Illustration
      Sy ed Alwi Rd site up for sale by tender
      317 3 7,3*0 gq ft U&A plot is next to MuUfa Centre THE Urban Redevelopment Authority yesterday put up a small commercial site on Syed Alwi Road in Little India for sale by tender. The 7,360 sq ft plot was not among
      317 words
    • Article
      Developers can turn on } demand by cutting prices
      341 3  - Developers can turn on demand by cutting prices Lftfl'lULS TO THE EDITOR Lam Yew Hung I FOUND so laughable Redas' plans to get the government to ease property buying rules, as reported in The Property Column on Tuesday. Property developers portray themselves to be a noble lot. By lobbying for
      341 words
    • Article
      MND on Hng Kiang's statement
      156 3  -  Cedric Peerts for Permanent Secretary Ministry qf National Development WE wish to correct an inaccuracy in the article, "Redas may be changing tack but will it bite the bullet?", in Tuesday's issue of BT. Your article inaccurately stated that "this (Redas* chairman, Mr Heng Chiang
      156 words
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      87 2 I w figs. 11 11 I m v.- A m mJB m m, ,m I m 1 I mm V >•. 1986. BLDBB YOUNG PLATS SOMBHrfS "'"r.-.v B" 1997. BLDBB NOT-QUITB-SO TOUNG PLAYS SOMERSET'S Bldee Young, the man who started It all at Somerset's Bar it back Somerset's Bar's first
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      304 2 AiajUmgio China* rww climatt, Pg 7 Assess CHO HUNG BANK PBOWWIMITWiTHiWPUMJOtPiWWA) CONtOUOATIO IALANCt IHUTt »<)*»WOBKTO(»*HOrW«i«MWT* ommb«il,llNatflM M im ■»«asm s; uamti Mm* •»«■>«« 25T mwm km*** arc- ssibi* s i MMawn JBEi .MSS fiSBLw Mi* Lorn wd Nil dtoounad KOIiTTI IMIM* mhmmm Soil mm WM mtmm 'ffiS 'S«S BS- Sr^B
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      199 3 For real-time stock information, call 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. MOTOR ULTIMA U QUEEN STREET TAN CHONC lOWEI TEL: JJI 1144 TAX: IJ4 3U7. SHOWEOOM HOURS »AM »f M'WEEK E N D
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon HDB resales turn more sluggish
      599 4  -  ERA records show deals have slumped this month; agents concerned over fall in transactions By. Abdul Hadhi [SINGAPORE] WITH the onset of the traditionally quiet Ghost Month, the HDB resale market has become even more sluggish. In ERA Realty Network's list of transactions from July
      FILE PHOTO  -  599 words
    • Article
      Lock icon HK apartment owners may lose right to veto en bloc sales
      331 4 Govt mulling over bill for compulsory sale if 80%-90% agree AFX-Asia [HONGKONG] The government said it is contemplating laws to scrap the right of flat owners to veto the sale of their apartment buildings, in a bid to ease
      AFX-Asia  -  331 words
    • Article
      Lock icon Fort Bonifacio firm plans US$ 200m Eurobonds
      279 4 AFP [MANILA] A consortium undertaking a major property project in the Philippine capital plans to issue US$2OO million (Ss3oo million) in Eurobonds within the year to help pay for development costs, an official said yesterday. Fort Bonifacio Development Corp president Ricardo Pascua told
      AFP  -  279 words
    • Article
      House Hunt
      835 4 HDB transactions from July 28,1997 to Aug 22,1997 vmj WSttl CONTRACT BULHN PIKE PSf LOCATION 0ETKT DUE 00 FT) WT (SSDOO) CS55 CweatthDr 3V4 V4/0e/97 452 96 2T7| >WwCTVP»A) f Bt Batok East Ave 4 2365 Ol/OC/97 TOO T72 246 Bt Batok St 21 2365 07*3697 807 190
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      189 4 Lot 111 /122, Section Approved development order to build a block of 14 storey service apartments (52 units) and a block of 14 storey hotel (208 rooms) with a 3 storey podium and 1 storey basement. Land Tenure Freehold. Near 2 LRT stations in KL city centre (next to Plaza
      189 words
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      Page 4 Advertisements Column 2
      129 4 Bsuctec tower one »THE PENTHOUSE FOR COMPANIES WHO NEED QUALITY SERVICES. FACILITIES 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 with
      129 words
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  • SOUTH-EAST ASIA
    • Article
      Economists cut Indon growth forecast for '97
      542 5  -  JAKARTA J&rdiiie Heming warns that 1998 growth figure may even be lewer By S N Vasuki INDONESIA'S booming economy may be witnessing a slowdown as the rupiah's continued weakness and high interest rates wreak havoc on the economy, prompting several economists to slash
      542 words
    • Article
      Lock icon Indon import volume plunges two-thirds on rupiah crisis
      255 5 JAKARTA AFP INDONESIA'S import volume ha« plummeted by two thirds in the wake of the rupiah crisis, a report said here yesterday. The Indonesian Importers Association (Ginsi) chairman Amiruddin Saud said that imports in the last month only amounted to US$75O million
      AFP  -  255 words
    • Article
      Lock icon Indon police nab 9 over 800b rupiah fraud at private bank
      233 5 JAKARTA AFP INDONESIAN police have arrested four central bank employees and five executives from a private bank for alleged fraud amounting to 800 billion rupiah (***** million), a report said yesterday. The nine were arrested on suspicion of colluding
      AFP  -  233 words
    • Article
      Plan to monopolise sale of shoes to Indon students draws flak
      495 5  -  JAKARTA Officials come down hard on proposal by Suharto's grandson By\ S N Vasuki A PLAN by an Indonesian company to monopolise the sale of shoes to school children has drawn unusually strong criticism from govern merit officials and
      495 words
    • Article
      Lock icon Manila bourse, peso tumble again
      231 5 MANILA Reuter, AFP THE Philippine peso and stock market, already bloodied in the recent savaging of Asia's currencies, took another beating yesterday. This time traders and analysts say investors are fleeing the country on increasing concerns that Philippine economic growth this year is likely to
      Reuter,; AFP  -  231 words
    • Article, Illustration
      Lock icon Anwar vows to take steps to deal with trade deficit
      570 6 KUALA LUMPUR Despite comments, ringgit falls to record low on current account concerns AFP DEPUTY Prime Minister Anwar Ibrahim vowed yesterday to adopt measures to strengthen the Malaysian economy as investors anxiously awaited the country's latest current account figures. Mr
      AFP  -  570 words
    • Article
      Lock icon Brunei pledges to add to IMF rescue deal
      175 6 BANGKOK AFP BRUNEI has pledged to top up Thailand's International Monetary Fund (IMF) rescue package with an extra US$5OO million (Ss7so million), bringing the total to US$l7.2 billion, the Thai central bank said yesterday. "Brunei has conveyed to the managing director of
      AFP  -  175 words
    • Article
      Lock icon Viet trade deficit halved in first eight months of' 97
      211 6 HANOI Bloomberg VIETNAM'S trade deficit shrank by almost half in the first eight months from a year ago, as exports surged and imports slowed under the effect of government restrictions. The trade deficit for January through Aug 25 was US$l.72
      Bloomberg  -  211 words
    • Article
      BOT denies it'll lose US$ 3b on forward currency deals
      416 6  -  BANGKOK Not possible at this time to accurately quantify gains or losses, says bank By Harish Mehta THE Bank of Thailand yesterday denied press reports that it would suffer a US$3 billion (554.5 billion) loss on forward currency contracts worth
      416 words
    • Article
      Lock icon Thailand risks losing half foreign reserves
      328 6 SINGAPORE Bloomberg THAILAND'S central bank risks losing as much as half its foreign reserves to its unsuccessful attempts at propping up its currency, a senior official of the International Monetary Fund said. The country could lose between half and two-thirds of the U5523.4 billion
      Bloomberg  -  328 words
    • Article, Illustration
      Lock icon A ground-breaking visit
      55 6 [KUALA LUMPUR] Visiting British Foreign Secretary Robin Cook (left) and Malaysian Minister of Entrepreneur Development Mustapa Mohamad (right) performing a ground-breaking ceremony for the British-Malaysian Institute complex in Gombak, at the outskirts of Kuala Lumpur, yesterday. Mr Cook, who is on a South-east Asian swing, is on
      AFP  -  55 words
    • Article
      Lock icon Vietnam govt acts to end unrest in northern province
      363 6 HANOI Special police force sent to hot spots; situation said to be still highly charged Reuter RESIDENTS and officials in an area of northern Vietnam stricken by recent unrest said this week the situation there remained highly charged, but Hanoi appeared
      Reuter  -  363 words
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      239 5 :^r p ||jpf <L^^®^P^^P''i^ M^m^R H 3&1&38HH a JK" Aiff 1 MmMMI That Whether a or as important as Call it you it all amounts to the thing. And it tastes very sweet. opportunities. Knowing your pockets are And that exclusive touch is not something -JX *'^r^fflf* v gold. Not
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      1055 6 C W 1 BANQUE WORMS Head Office: Tour Voltaire 1 place des Degr6s, Cedex 58 ***** Paris, La Defense France. Tei: (1)49 07 50 50 Fax: (1)49 07 59 11 Telex: BWORX 616 023 F Singapore Branch: 143 Cecil Street, #23-00 GB Building, Singapore *****2. Tel: (65) *****33 Fax: (65)
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  • CHINA – HONGKONG – TAIWAN
    • Article, Illustration
      Lock icon Record HK$ 5.6b paid for HK luxury residential site
      494 7  -  HONGKONG Strong bids paint once again to confidence in Hongkong under SAB government Fromi Quak Hiang Whai in Hongkong PROPERTY developers gave Hongkong another major vote of confidence yesterday when they swarmed the first public land auction under the Special Administrative
      REUTER  -  494 words
    • Article
      Lock icon China to be modern economy in 20 years?
      411 7 VANCOUVER AFP INDIVIDUAL wealth combined with capable leaders will make China an integrated modern economy within two decades, a leading World Bank a gathering of Asian business executives here on Tuesday. Pieter Bottelier, who headed the World Bank's mission in China for
      AFP  -  411 words
    • Article, Illustration
      Adapting to China's new climate
      694 7  -  GHUI A WATCH Fall In STpore Investments a sign of long-overdue reassessment By Lu Ning HALF-year official Chinese statistics confirm what has been expected for some time: Singapore's direct investment in China is falling. While the drop in the value of contracts signed in the
      694 words
    • Article, Illustration
      Lock icon China to hold party congress in Sept to pick new leaders
      444 7 BEIJING Meeting also expected to push for faster pace of market reforms Reuter CHINA's Communist Party said yesterdayit would hold next month a five-yearly meeting to elect the leaders who will govern the world's most populous nation and fastestgrowing
      Reuter  -  444 words
    • Article
      Taipei offer of help for Thais goes a-begging
      490 7  -  TAIPEI IMF, Thailand net keen on Taiwan hand in bail-out package By Bruce Cheeesman THE International Monetary Fund (IMF) is not usually in the habit of turning down an offer of help in a currency meltdown except when the benefactor happens to
      490 words
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      185 7 h I W m L 1 1 m 9 mm. V Begin your own tradition. The Patek Philippe men Complicated watch ref. 5039 has our ultra-slim perpetual calendar movement that will automatically adjust for If S f M in leap years until the beginning of the 22nd century. But whatever
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      269 8 :--*0 r t, f y-ffifs- Vii 'v- You're on f/ie Internet. And people are visiting your virtual store in droves. So how come they're not snapping up what you 're selling? Faced with this issue K Brel Software decided to call in IBM. i >Ui The problem? Potential customers spent
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  • ASIA
    • Article, Illustration
      Lock icon A chance to get real
      97 9 [NAGOYA] Hidetsugu Ogura, an eight-year-old in Nagoya, central Japan, tries an omnidirectional imaging sensor device to look around a visualised world on Tuesday. The system can provide users with a naturalfeeling of looking at a real dynamic world, whereas conventional systems, which use regular cameras,
      REUTER  -  97 words
    • Article
      Won stops falling but analysts say if s just a respite
      352 9 SEOUL Weak fundamentals, insofancies invite farther attacks THE South Korean won stopped its dive against the US dollar yesterday but analysts warned that attacks on the currency might be renewed next month, citing weak fundamentals and a rash of
      352 words
    • Article
      Lock icon Israel, S Korea to set up R&D fund
      204 9 SEOUL AFP ISRAELI Prime Minister Benjamin Netanyahu agreed with South Korean President Kim Young Sam yesterday to create a US$6 million (Ss9 million) joint fund for industrial research and development, officials said. The two leaders also promised to expedite economic and trade
      AFP  -  204 words
    • ASIA Notes
      • Article
        Lock icon Telstra float will be on schedule
        79 9 Reuter [CANBERRA] Australian Finance Minister John Fahey said yesterday the partial sale of state telecommunications giant Telstra Corp was on track for later this year, as scheduled. "The public share offer is on track to occur this year," Mr Fahey told parliament. Announcing details
        Reuter  -  79 words
      • Article
        Lock icon Rains wreak havoc In Punjab
        59 9 AFP [LAHORE] At least 61 people have died and 15,000 left homeless as torrential rains wreaked havoc In several cities in Pakistan's central Punjab province, police and officials said yesterday. Around 1,000 houses collapsed and 16,000 were partially damaged as rain continued for more than
        AFP  -  59 words
      • Article
        Lock icon Tidal waves wipe out N Korean coast
        66 9 AFP [TOKYO] Strong tidal waves have hit the western coast of North Korea, leaving nearly 30,000 people homeless, the country's official news agency reported yesterday. The waves, which were "the highest ever in scores of years", affected 20 cities and counties of the
        AFP  -  66 words
    • Article
      Lock icon Apec ministers debate freeing energy sector
      200 9 EDMONTON, Canada AFP ENERGY ministers from 18 Asia-Pacific nations opened a two-day meeting here on Tuesday amid calls for liberalisation of trade and investment rules in the energy sector. The call came from a business symposium which preceded the Asia-Pacific Economic Cooperation (Apec) forum
      AFP  -  200 words
    • Article
      Lock icon Mr Yen's remark deepens gloom over economy
      569 9 TOKYO Nikkei loses 2%, yen slips; bat other finance officials maintftin recovery is intact Reuter GLOOM over Japan's economic outlook deepened in Tokyo's markets after a senior Finance Ministry official was quoted as saying the effects of a tax increase last April were
      Reuter  -  569 words
    • Article
      Lock icon US asylum for N Korean defectors
      491 9 WASHINGTON Pyongyang polls out of missile proliferation talks with Washington AFP THE United States has granted political asylum to North Korea's ambassador to Egypt and another senior official, calling it "the highest-ranking case of its kind". The ambassador, Jang Sung Gil, his wife, and
      AFP  -  491 words
    • Article
      Lock icon Indian firms seen giving lb rupees to political rust fund
      258 9 BOMBAY AFP INDIAN companies are likely to donate about one billion rupees (Ss37 million) in election years to a political trust fund set up by a leading business group, officials said here yesterday. Dinesh Vyas, chairman of the Electoral Trust,
      AFP  -  258 words
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  • FOCUS
    • Article, Illustration
      Lock icon Lean times await the US economy
      957 10  -  Signs of a downturn are evident in the excesses among individuals and firms James Classman James K Glassman writes regularly on financial affairs for The Washington Post [WASHINGTON] I WATCH from the green of the third hole of swanky, verdant Robert Trent Jones golf
      FILE PHOTO  -  957 words
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      551 10 Small Medium How about going as realtime as Airlines and Banks, without spending a fortune? You have heard them alt. How airlines, insurance companies, banks, MNCs can all I 7* Y spend fortunes on their IT infrastructure and become so much more competitive. And how your limited budget doesn't go
      551 words
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      92 words
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      9 10 Home f Decor For people who love their homes
      9 words
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  • THE WORLD
    • Article
      Lock icon Leading European firms draw larger US stakes
      457 11 WASHINGTON Jump in US stock prices prompts home investors to turn to Europe for bargains Bloomberg THE ownership of some leading European companies is shifting toward the US, where investors have built stakes of 30 per cent or more in mainstays such as
      Bloomberg  -  457 words
    • Article, Illustration
      Lock icon An auction for Elvis fans
      66 11 [LONDON] Bonham's auctioneer's assistant in the winter army dress uniform and cap worn by Elvis Presley during his draft service in 1958. Along with a belt, sunglasses and a guitar, they are among Elvis paraphernalia to be auctioned in London and Berlin on Saturday. The
      AFP  -  66 words
    • Article
      Lock icon German TV market in for big shakeout, say insiders
      418 11 BONN Relentless competition leaves niche stations open to takeovers Reuter GERMANY'S young commercial television industry has quickly become one of the most competitive in the world and now insiders are predicting it is about to go through the biggest shakeout of
      Reuter  -  418 words
    • Article
      Lock icon Oil demand seen picking up speed
      240 11 LONDON Reuter ROBUST world oil demand growth will accelerate over the next two years fed by booming global economic growth, a leading oil research team said yesterday. Dresdner Kleinwort Benson said it was forecasting oil demand growth of an average 2.7 per cent or
      Reuter  -  240 words
    • Article
      Lock icon Ex-US Agriculture Secretary indicted on criminal charges
      289 11 WASHINGTON Espy alleged to have taken improper gifts from companies Bloom berg FORMER US Agriculture Secretary Mike Espy was indicted yesterday on 39 criminal counts, in connection with an independent prosecutor's investigation of whether he took improper gifts from companies regulated by the
      Bloom berg  -  289 words
    • Article
      Lock icon Germany will not accept weak Euro, says Kohl
      441 12 BERLIN Henauuunmmd despite Benn's *wn straggle to keep its deficit at 3% of GDP Bloomberg GERMAN Chancellor Helmut Kohl said yesterday he would not accept a "weak" European currency, and Germany will insist on its stability. "I won't pay the price of
      Bloomberg  -  441 words
    • Article, Illustration
      Lock icon Big shot
      86 12 (BERLIN) A worker putting some finishing touches to the "lens "of a giant model of a digital video camera on Tuesday. It is being prepared for the Funkausstellungfair from Aug 30 to Sept 7in Berlin. The six-by-six metre model, weighing around one tonne, is being used to attract
      REUTER  -  86 words
    • Article
      Lock icon UK June trade gap widens, set to grow further
      323 12 LONDON Cratiniiiiig consumer bown c—tribnted to £960 m figure Reuter BRITAIN'S global trade deficit widened unexpectedly to £950 million (Ss£3 billion) in June and looks set to increase further, the Office for National Statistics (ONS) said yesterday. Exports held up surprisingly
      Reuter  -  323 words
    • Article
      Lock icon LME cuts in to cool aluminium market
      302 12 LONDON Reuter THE London Metal Exchange (LME) intervened yesterday to defuse a squeeze in its aluminium market when it restricted premiums that may be charged to people who need to cover short positions. LME chief executive David King addressed the market floor just
      Reuter  -  302 words
    • Article
      Lock icon US staff absentee rate down
      121 12 RIVERWOODS, Illinois Reuter THE rate of employee absences in the United States is at its lowest mark this decade, with family issues and personal illness the most common reasons people miss work, according to a survey. The mean average 1907 absenteeism rate slid to 2.32
      Reuter  -  121 words
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      176 11 Ch/istof/e Paris knife rest Museum edition SJI4O per pair withCST Pavilion Christofle The Shopping Gallery, #02-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robinsons 176 Orchard Road, Level 4, Centrepoint, Singapore *****3. Takashimaya Singapore Level 2, 391 Orchard Road, Singapore *****3 Tangs Basement, 310
      176 words
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      153 12 C_>/me takes care of him financially. ifj II 19 ■k > \9 fM K. 9 m. M llk fll BUYS AIR HIM I <1 TAKES OUT LIFE INSURANCE \J[ 1 |r ,1 MB* ■L INVESTS HIS MONEY IN Bk, m I Ka B U BJ a kJ r J 6
      153 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Asia currency turmoil was a mere tea party
      696 13  -  THE BOTTOM LHVB OPINION By Neil Behrmann The writer is BT's London correspondent ATTENTION has been focused on the Asian currency crisis, but what about Europe? Since the autumn of last year, the European currency slide against the US dollar has been
      696 words
    • Article
      IN OTHER WORDS
      115 13 'We urge A 1 to go down to the dune, strip off and enjoy the experience.' -Leeßaxandall leader of a nudist group to US Vice-President Al Gore during his visit to his town in Massachusetts. 'We were in the ante chamber of the holocaust, and we were
      115 words
    • Article
      Foreigners in a cosmopolitan S'pore
      650 13 EDITORIAL AS National Day rallies go, Sunday's speech by Prime Minister Goh Chok Tong was one of his best He announced and elaborated on a range of key policy shifts, making the speech something of a landmark. The most profound shift is opening the door
      650 words
    • Article, Illustration
      Lock icon Flexible rates the key?
      1025 13  -  ESS fflyiew- S-EA nations should adopt a more flexible exchange rate regime to avoid costs of defending their currencies By. Joseph D Alba THE recent currency crisis in Southeast Asia has again focused attention on the difficulty of maintaining currency pegs in the face of speculative
      FILE PHOTO  -  1,025 words
    • Article
      WHAT THE OTHERS SAY
      820 13 MrbMMflts dwarf mishaps JUDGING FROM the jokes and editorial cartoons, the Russian space station Mir is seen as a kind of cosmic scrap heap, with leaks, blackouts, fires, and one cliff-hanging repair job after another. But while prominent in the public eye, the mishaps this year
      820 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      44 13 POOHEBBURY By Garry Trudeau WrmTl6fltONgMa>.KlMW6\ \~~7Z WXJSHOUW I TO LA.SRQRK LISA l£SU£. SRBAKOUT/ F" OF COURSE, YOU CANT 7WSV/< YOU'RE ATOR HYPOCRITICAL ABOUTVTYOU W ALL INGAPOWER- fl ISHOULP ALSO HA& TO RETURN 7HB FULACSS^/n ABOUT WfTMANTTOBB USA—PGORie 4«ougy I —sj- —^1 AILTHtS ASSOCIATE? WTTH
      44 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Of winemakers and gripes
      690 14  -  The mood's turning sour in an Aussie wine strip over demands for boundary definitions, says MARIE MCIMGRMZiT MARIE MCINERNEY Reuter IT is just a tiny bit of land in a vast continent, but the Coonawarra is home to the Australian wine industry's equivalent of a gold
      Reuter; REUTERS  -  690 words
    • Article
      Lock icon Agassi stages an important comeback
      533 14 us OPEN Explosive backhand pots former No 1 ahead early in match Reuter IT might not seem like a big deal for a player of Agassi's stature but after losing his First match in seven of 10 tournaments this year, Tuesday's win was an important
      Reuter  -  533 words
    • Article, Illustration
      Lock icon Not about the Clintons
      813 14  -  MOVIE Moviemakers try to play down the idea that Primary Colors is about the First Couple even though it is By Maureen Dowd NYT [HOLLYWOOD] I wanted to do a magazine interview with John Travolta about Primary Colors, which has just wrapped. Nix. Word came back
      NYT  -  813 words
    • Article, Illustration
      Vroom for new car models
      992 16  -  MOTORING Keen competition, expectations result in frequent launches By\ Christopher Tan [SINGAPORE] One of the most amazing things about the auto industry nowadays is the speed at which it chums out new products. Of the 30 major manufacturers in business today, few wait eight, four
      992 words
    • BUMPER to BUMPER
      • Article
        Underdogs win Caltex rally
        72 16 THE Caltex Havoline Formula Rally organised by the Singapore Motor Sports Club over the weekend threw up some surprises. Neither favourite BUI Ng nor hotshot Rlngo Chong were among the top three. Lan Lee, son of former racing ace Lee Han Seng, took the top spot
        72 words
      • Article
        More disoounts for Thrifty clients
        73 16 INTRA-MOTORS, which owns the Thrifty Car Rental agency here, is out to drive up rental sales. Its Thrifty Rental Club claims to offer a 35 per cent discount on "the£ price of a normal rental". To enjoy this, customers pay 1150 to sign up as
        73 words
      • Article
        Production line opens for l998 Andis
        150 16 AUDI will start producing its 1998 model-year cars this month. In the new line-up, a 1.9-litre turbo-diesel engine completes the A3 range. All new cars will have side airbags both in front as well as in the rear. A new 2.4-litre V 6 plant
        150 words
      • Article
        Top marks for Volvo in crash tests
        136 16 VOLVO has emerged tops in the latest round of Euro NCAP (European New Car Assessment Programme) crash tests. Among the 13 popular family cars tested, Saab turned out to be the worst performer. The programme included a 40mph frontal crash into a deformable
        136 words
      • Article
        Parallel Importers get bigger Merc share
        107 16 PARALLEL importers sold an estimated 248 Mercedes-Benz cars in the first half, accounting for 13.7 per cent share of the market. Based on official figures obtained by BT, this represented an increase from 10.5 per cent in* the first quarter and close to their
        107 words
      • Article, Illustration
        Electric lightweight
        113 16 ZYTEK Automotive of the UK—a company long associated with Formula One racing—has developed an electric sports car based on the Lotus Elise. The prototype weighs only 875 kg, and is powered by two 13kg motors j delivering 200 horsepower. It does the O-lOOkmh way below 7 seconds, but
        113 words
      • Article
        Citroen zooms, Peugeot slows in Asia
        94 16 WHILE worldwide sales for France's PSA group rose last year, the Peugeot and Citroen brandnames received mixed responses outside Western Europe. For instance, in Asia, Peugeot sales fell to 38,300 from 41,100 in 1995. Citroen, despite the lack of new models, rose to 35,300
        94 words
      • Article
        MD, insurance rep, retiree win Toyotas ;
        74 16  - MD, insurance rep, retiree win Toyotas Compiled by Christopher Tan BORNEO Motors conducted its 30th Anniversary grand draw last week. See Piau Kong, managing director of Metal Machines Engineering Services, walked away with the top prize of a Toyota Celtca. Life insurance agent Chong Kheng Chiang won the Corolla 1.6
        74 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      123 14 A FISTFUL OF PERKS FOR A FEW DOLLARS MORE L^flL^jfld For just a US$35 supplement per night on top of normal Superior Room rates, you can enjoy all the perks and privileges of our BE A VIP inviting Executive Club floor. These include FOR JUST express check-in and check-out; full
      123 words
    • Advertisement
      Page 14 Advertisements Column 2
      42 14 SALUT RESTAURANT WINE BAR A celebration aj6trrder culture with 'Jrench Italian cuisine. or a choice of *m carte. Mspeaafly prepared by jitad Chef "KprC DoßCer. ~n i n TIT ftp To pUce *****WW11 w or request for a location map, please cad22s-7555.
      42 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      858 15 SINGAPORE BUSINESS Giving you the winning edge Where to wine, dine and entertain... M^^Hes w ;:S:irr JML The sxtraordiniuy Golden Lotus HV unique tiuite of yesr VfH mooncako tradition. All packaged m Tt HbcnuttfXil box. ""MM ag/M Wj lo eat your Kam Lun Tai jf Moonoakaa at I I Apollo
      858 words
    • Advertisement
      Page 15 Advertisements Column 2
      71 15 ■M—hMd 14-K«ur C»l»»# Hautf >•1 flutr The Chicken Rice Capital Of The World ~t~ SM Qrvk*r»l Ko*d, Hinf*por* H*****. TVIi 7&7 4411 1 ►Tha now Phoonl* Oardon C«fo li now opan P Right in tho hMrt of Orchard Rood Popular iufftt Lunch, High Tfco and Dinnor ►TWo function rooms, Mating
      71 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      622 15 TV&RAD10 I, an wot a drug addict and OJO Berlta nfUHIHtlW— H$r dtatH wot due to drug MO Featlval Fllam ICI Dulux: iM PM TV Innovation*. overdow Layar Kb UJuni UO The Winners. ujo News a Tonlaht. Dun la. a.OO Money, Money. Money. 1LOO Baywatch Nights Clr- 10J0 Say You
      622 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      194 15 OHTPTIO OROWWORP 14 Announov pieot of legislation 17 Soldier hear pUlnordtr to And duoSrnuSwß) i| P ro 37 Old measure of land by the ton ly oneglven at Christmas SB Mockingly, he la Mid to have II I _L 1 1 1 J I 1 1 an Muy lift (8)
      194 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      219 16 Where to wine, dine and entertain CELEBRATING YEARS OF A SECRET RECIPE 1 Q The infamous Long Jiang Mooncakes turn 8> this year! To celebrate thie auspicious occasion, Long Jiang sichuan Restaurant presents the delicious mooncakes in custom-designed collectible tin boxes and paper bags. There is a choice of Teochew-style
      219 words
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      Page 16 Advertisements Column 2
      21 16 v ■> f| jjss W yAr*y'*>« 5 1 w r v it-.") Tj 1 When you want the best for your children
      21 words
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  • COMPANIES & MARKETS
    • Article
      Four Sing Tech companies suspend share trading
      456 17  -  Request made by financial adviser pending important joint announcement By Lee han Shin [SINGAPORE] Four of the five listed Singapore Technologies (ST) companies which recently merged their foreign and local tranches will suspend trading today pending "an important joint announcement". In a short
      456 words
    • Article
      Labroy wins $37m deal
      125 17 [SINGAPORE] Labroy Marine has clinched a contract worth about $37 million from the Ministry of the Environment. The marine logistics company will build three tugs and six barges for delivery to the ministry in about a year's time. The vessels, to be tested in-house by Labroy,
      125 words
    • Article
      Two in CAM case jailed 6 months each
      479 17  -  Mitigation seems to hayo worked as both terms m Conrad Raj [SIgGAPORE] The district H tyesterday sentenced CKm International Holdings' former chief financial officer and the managing director of trading partner Toho International to six months jail each for fraud and forgery.
      479 words
    • Article
      Soft property market: DBS Land, has reasons to stay confident
      740 17  -  HOCK LOCK SIEW Abdul Hadhi THE residential property market has cooled, but the impact has not shown up in the results of property companies just yet. Profits from past projects are still shoring up the figures of listed developers. DBS
      740 words
    • Article
      Nat Steel doubles interim net to $38m on strength in core areas
      516 17  -  By I Siow Li Sen [SINGAPORE] Nat Steel Ltd yesterday turned in better than expected interim net results, boosted by increased contributions from its three core businesses. The diversified steel, electronics and industrial group reported robust net profit
      516 words
    • Article
      Keppel unit wins $60m contracts
      211 17 [SINGAPORE] Keppel Integrated Engineering (KIE) yesterday said its wholly-owned subsidiary Keppel Engineering recently clinched three contracts worth a total of $60 million. The first, effective this month, is a six-year contract awarded by the Civil Aviation Authority of Singapore to maintain the electrical and mechanical
      211 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Flat interim net profit forecast for Hutchison
        577 18 Exceptional gains boon for HK conglomerates But core earnings expected to be strong with ports, telecoms expected to show good growth Reuter [HONGKONG] Hutchison Whampoa is likely to report fairly flat interim net profit growth due to a hefty exceptional gain in 1996
        Reuter  -  577 words
      • Article
        Lock icon Citic Pacific expected to post 27°/o-50% rise in first-half net
        492 18 Reuter [HONGKONG] Citic Pacific is today expected to post a significant rise in first-half net profit due to an exceptional gain from the sale of Hongkong Telecom shares, analysts said. The China-backed conglomerate is expected to show growth of 27
        Reuter  -  492 words
      • Article
        Lock icon TVB interim up 15% to HK$ 205m
        225 18 Reuter [HONGKONG] Hongkong's largest broadcasting station, Television Broadcasts Ltd (TVB), posted a 15 per cent rise in interim net profit and said it expected continued growth in the second half. TVB reported net profit for the six months to June 30 of HK5205.21
        Reuter  -  225 words
      • Article
        Lock icon AMMB sticks to 6-month basis for doubtful loans
        263 18 AFX Asia [KUALA LUMPUR] AMMB Holdings Bhd chairman Azman Hashim said the group currently has no plans to reclassify its recognition of nonperforming loans from six months to three months for Arab-Malaysian Bank Bhd. "We are still on a sixmonth basis, which
        AFX Asia  -  263 words
      • Article
        Lock icon Defence is the new game on Indon bourse
        339 18 Reuter [JAKARTA] Indonesia's stock market has plummeted in August, hit by currency volatility and high interest rates, and investors are looking for "defensive plays", brokerage analysts said yesterday. The Jakarta composite index has fallen 166 points, or about 23 per cent, since
        Reuter  -  339 words
      • Article, Illustration
        Lock icon Making another hit?
        56 18 [TOKYO] A model showing off the prototype ofa compact camcorder during Hitachi's "Vision 21 "exhibition in Tokyo yesterday. The Optical Disk Camera records motion picture and sound using MPEG-compression in a small size (8-centimetre-diameter) optical disc, compatible with existing optical disc systems. Hitachi plans to produce the
        AFP  -  56 words
      • Article
        Lock icon Hi-tech gadgets push Matsushita profit up 42%
        373 18 Favourable forex rates help; 10% rise seen for foil-year net Bloomberg [TOKYO] Matsushita Electric Industrial Co, the world's largest home electronics maker, said net profit rose 42 per cent during the three months to June from a year earlier on strong sales of
        Bloomberg  -  373 words
      • COMAPNY Briefs
        • Article
          Waterbank in Philippine deal
          58 18 [SINGAPORE] SBS-owned Waterbank Properties has tied up with Philippine Communications Satellite Corp for property investment and development in the Philippines. The company, Water Phil Development, will have an authorised share capital of 100 million pesos (about Sss million) and a paid-up share capital erf2s million pesos.
          58 words
        • Article
          Datacraft bags US$ 5m project
          40 18 [SINGAPORE] Data communications and network systems integrator Datacraft Asia Ltd has won contracts worth US$5 million (557.5 million) to design, build and maintain a high-speed digital data network linking Chengdu and other south-western Chinese cities.
          40 words
        • Article
          YHB buys into Shanghai firm
          65 18 [SINGAPORE] Yeo Hiap Seng has bought a 90 per cent stake in Shanghai Yeo Hiap Seng Beverage Sales for 450,000 renminbi (SS81.000). The acquisition was made through its Shanghai unit and is not expected to have a material effect on net tangible assets and earnings
          65 words
        • Article
          Keppel Finance names MD
          26 18 [SINGAPORE] Keppel Finance has appointed Chee Jin Kiong. its executive director and general manager, as managing director with effect from last Monday.
          26 words
        • Article
          Chnan Hup in Aussie ventnre
          56 18 [SINGAPORE] Chuan Hup Holdings subsidiary Asia-Pacific Shipyard has formed a joint venture with Geraldton Boat Builders (GBB) of West Australia to design and build 18 patrol boats and two command vessels for the Singapore Police Coast Guard. The contract, worth more than $50 million, will
          56 words
        • Article
          Hotung sets aside more shares
          38 18 [SINGAPORE] Newly-listed Hotung will exercise its over-allotment option to set aside 24.2 million more shares at NT$5 each at an offer price of 26 US cents to applicants for its oversubscribed placement shares.
          38 words
    • CORPORATE FOCUS
      • Article, Illustration
        Lock icon Nat Steel E'tronics: US$ lb lap
        925 19  -  Mainboard aspirant Nat Steel Electronics has embarked on a new push to take it to the top-tier league Reports by. Jennifer Lien f SINGAPORE! ON JULY 10, the day Apple Computer CEO Gilbert Amelio was ousted, Singapore's own Nat Steel Electronics (NEL) said it
        ARTHUR LEE; Source:  -  925 words
      • Article
        More to company's health than profits
        702 19 BOTH Nat Steel Electronics (NEL) and Venture Manufacturing thrived despite last year's electronics slowdown, posting net profit gains of 500 and 68 per cent respectively in 1996. But in contract manufacturing. profits do not tell the entire story. Other factors and indicators are key
        702 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon IBM, Sun, Netscape join hands to develop Java
        338 20 Companies hope alliance will speed np new Internet business applications Reuter [NEW YORK] Seeking to speed up new Internet business applications, IBM, Sun Microsystems Inc and Netscape Communications Corp said on Tuesday they would collaborate on developing Java, a key language used
        Reuter; Source: Bloomberg  -  338 words
      • Article
        Lock icon Court blocks Bic's bid to stop Sheaffer MBO
        211 20 Judge denies Bic a preliminary injunction AFP [NEW YORK] A New York state judge has thrown out a bid by pen and lighter manufacturer Bic Corporation to block a management buyout of rival firm Sheaffer, said Bic officials on Tuesday. Judge Lewis
        AFP  -  211 words
      • Article
        Lock icon MCI shareholder files suit to stop British Telecom deal
        324 20 Bloomberg Reuter [WILMINGTON, Delaware] An MCI Communications Corp shareholder on Tuesday asked a Delaware court to stop the company's US$lB.2 billion (5527.3 million) cash and stock sale to British Telecommunications pic. Investor Benjamin Brown filed a lawsuit here seeking preliminary and
        Bloomberg; Reuter  -  324 words
      • Article
        Lock icon Intel, HP gamble with faster set of PC chips
        498 20 The top secret project Merced has Silicon Valley on tenterhooks NYT {SAN FRANCISCO] Top US computer chip designers are scratching their heads about what Intel and HewlettPackard are up to in a top-se-cret project to design a new chip code-named Merced.
        NYT  -  498 words
      • Article
        Lock icon Novell soars further on takeover talk
        228 20 Bloomberg (PROVO, Utah] Novell Inc shares rose for a second day, climbing as much as 17 per cent amid speculation that International Business Machines Corp might buy the maker of network software. The stock rose US$l to US$lO in early afternoon trading of more
        Bloomberg  -  228 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US ruling on encryption makes Net trading safer
        448 21 Govt restrictions on export of scrambling software violate free speech, says jndge FT [LONDON] A US federal judge has cleared a barrier to the export of software that would make the Internet a safer medium for conducting financial transactions. Judge Marilyn Hall
        FT  -  448 words
      • Article
        Lock icon Great-West's higher bid wins London
        389 21 Bloomberg Reuter [WINNIPEG, Manitoba] London Insurance Group accepted a sweetened C 52.94 billion (553.17 billion) offer from Power Corp of Canada's insurance unit and the additional Cs4o million will guarantee it won't entertain rival bids. Great-West Lifeco, Canada's largest group life and health insurer, made
        Bloomberg; Reuter  -  389 words
      • Article
        Lock icon KPMG reports record US$ 3b revenue
        173 21 Bloomberg INEW YORKJ KPMG Peat Marwick LLP posted record revenue of US$3 billion (554.5 billion) for the year ended June 30, thanks to growth across all of the firm's businesses. Revenue in the New Yorkbased firm's auditing and accounting practice increased 10 per cent
        Bloomberg  -  173 words
      • Article
        Lock icon US court refuses again to dismiss Scudder case
        639 21 Case alleges fond directors didn't act in investors' interest Bloomberg [BOSTON] A US federal court denied a second request by Scudder, Stevens Clark to dismiss a case that alleges the independent directors of one of the firm's funds put Scudder's interests ahead
        Bloomberg  -  639 words
      • Article
        Lock icon World's largest zinc mine gels green light
        166 21 AFP [BRISBANE] The billion-dollar Century Zinc mine in Australia's far north received the final go-ahead yesterday, after a three-year delay caused by an impasse with local aboriginal communities. Queensland state parliament passed the Century Zinc Project Bill with the support of the Labor
        AFP  -  166 words
      • Article, Illustration
        Lock icon Fidelity may close Magellan Fund to new investors
        481 22 Fond is world's largest at USs62.9b, making it difficult to manage, say analysts Bloomberg [BOSTON] Fidelity Investments plans to close its flagship Magellan Fund, the world's biggest mutual fund, to new investors at the end of next month, said a person familiar
        Bloomberg; Source: Bloomberg|  -  481 words
      • Article
        Lock icon Pasminco 2nd-half profit doubles
        269 22 Bloomberg [MELBOURNE] Australia's large zinc producer Pasminco's second-half net more than doubled on higher zinc prices and lower costs. Rising zinc and lead prices, coupled with a favourable Dutch guilder and Australian dollar exchange rate, drove higher profits, the company said. It expects zinc prices to
        Bloomberg  -  269 words
      • Article
        Lock icon Bank of Montreal Q3 net up 24% on strong economy
        333 22 Bloomberg [TORONTO] Bank of Montreal's fiscal third-quarter profit rose a greater than expected 24 per cent on strong performances by all of the bank's businesses. Net income for the period ended July 31 rose to a record C 5372 miUion
        Bloomberg  -  333 words
      • Article
        Lock icon Putnam to buy 50% of Pan Agora
        379 22 Firm buys Lehman stake, extending deal with Nippon Life Bloomberg [BOSTON] Putnam Investments said it agreed to acquire 450 per cent stake in Pan Agora Asset Management Inc from Lehman Brothers Holdings Inc for an undisclosed qnount. -i The remaining 50 per cent
        Bloomberg  -  379 words
      • Article
        Lock icon Euroyen off highs in cautious trade
        251 22 gTMt! Report Reuter [SINGAPORE) Simex Euroyen futures drifted off after reaching new contract highs early yesterday as participants turned wary of pushing the market further. Dealers said the interest rate market surged on reports quoting Eisuke Sakakibara, a senior Japanese Finance Ministry official, as
        Reuter  -  251 words
      • Article
        Futures contract volume at record high
        158 22  -  MSCI TAIWAN FUTURES By Perry Gilbert cash. By Perry Gilbert, vicepresident, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures contract traded a record volume of 4,575 contracts yesterday, exceeding the previous volume of 4,310 on July 29, while open interest was
        158 words
      • Article
        Lock icon Bunker fuel oil demand falls across Asia
        249 22 ENERGY REPORT Knight Ridder [SINGAPORE) Bunker fuel oil demand in Singapore slid further this week, hurt by thin shipowner inquiries, trading sources said yesterday. "Shipowner demand has fallen across Asia," a trader said. "They are not calling here unless they reaUy have to
        Knight Ridder  -  249 words
      • Article
        Lock icon CURRENCY REPORT
        275 22 Reuter AFP London THE US dollar rose against the yen, in the light of fears raised by Tokyo over the health of the economy. At about 1220 GMT, the dollar rose to 118.99 yen from 118.32 on Tuesday. Against the mark, the dollar was being traded at 1.8016
        Reuter; AFP  -  275 words
      • Article, Illustration
        Untitled
        1391 22 lltTBRBAItK CROSS RATES Aug 27 AS C$ twb ECU Ffr 9m HK$ tUsNH* Yen Wn M$ HZSNfcts Peso tend Sfr W$ Wfll W|J Australia 1042 6.1TB 0.666 4536 1546 1762 27.163 ZtW 0.868 6.743 2.097 IBS 30JM 2256 1120 1500 IH3 215******4 1465 0.747 I Canada 0.960 5.959 0.658 4-355
        1,391 words
    • Article
      COMMODITY PRICES
      1535 23 glOOMrOTOEBS Au 9 27 MIBICI (Mum daatmn IMvm) tSS1 CONTRACTS ewrtsAe) Ctot Vo«—• Month tm» U« stt (to—«) Mmrt M 140,0 SS 51 g 55/Jir 96 154.00 153.00 ***** 825 5985 BSJJ ES SS RSS3CONTRACT(UScwb/kq) Vo T Month U« Sott ggjg Iwtortst T 9U5 1 350 If 94.00
      1,535 words
    • Article
      WORLD STOCK MARKETS
      2057 23 LMMN I PH® mn h*»trtab AB Port, 285.400 ♦6 Abbey Motional *39 18 ANiodOomocq 440.400 -3 Anwc 149.400 -2.600 AMagroup 147.600 -1.400 SAT Ind .527 -2 BG Pic .264 *4 »68 -2.400 BOC Croup 1106.400 *1 BR Potroloum 875.400 7.400 BTR 210.400 -1 Bank of Scotland *****0
      2,057 words
    • Article
      Lock icon TOKYO
      1589 23 AFP n«M» ;3JM4 SHARE prices closed 2 per cent lower yesterday, with investors' sentiment depressed by sustained declines on Wall Street and negative economic prospects, brokers said. The 225-share Nikkei Average dropped 373.04 points to 18,441.94 while the broader Topix Index closed 23.13 points lower at 1,442.78. Turnover was
      AFP  -  1,589 words
    • Article, Illustration
      Lock icon HONGKONG
      1615 24 AFP n Hang Seng -1127 STOCKS lost just 0.1 per cent yesterday, after a big fall triggered by a slow start at a government land auction turned into a remarkable rally when bidding outstripped expectations. Dealers said the result was seen as a sign of confidence in the property
      AFP  -  1,615 words
    • Article, Illustration
      Lock icon CHINA
      630 24 Bloomberg Reuter n Shenzhen B Index +L 94 CHINA stocks rose yesterday as investors switched from expensive Hongkong shares to the Shenzhen and Shanghai markets. The Shenzhen B Share Index rose 1.94 points to 148.91. Shanghai's benchmark B Share Index rose 0.69 point to 90.35, the highest close since
      Bloomberg; Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  630 words
    • Article
      Lock icon TAIPEI
      391 24 AFP WPlndex -66J7 STOCKS fell yesterday as investors took profit on recent gainers among petrochemical and electrical shares. "Uncertain over the market's short-term outlook, investors moved to take profit and reduce share holdings," said a dealer. The TSE Weighted Price Index slid 66.17 points to 10,050.67. Turnover was 2.92
      AFP  -  391 words
    • Article
      Lock icon WELLINGTON
      255 24 Reuter CI Wellington jSJ3 SHARE prices ended weaker yesterday after a sharp fall on Wall Street overnight. The NZSE-40 Capital Index ended 15.03 points down at 2,473.53 on light turnover, worth NZ$49 million. Reuter t—n *f- mm AN2 Bank tag 11.55 unch 6903 A4v«nt*g*s Miagt 0.95 0.05 ***** Air
      Reuter  -  255 words
    • Article, Illustration
      Lock icon BANGKOK
      815 24 Reuter n SET Index -L 75 STOCKS closed slightly lower in thin dealings yesterday after investors unloaded large capitalised stocks as they waited for key economic figures and a parliamentary debate on the economy. "Investors were reluctant to invest as they awaited the country's key economic indicators and the
      Reuter  -  815 words
    • Article
      Lock icon SEOUL
      414 24 AFP Q Composite Indg -175 SHARE prices closed lower yesterday, with large capital stocks under selling pressure amid underlying concerns over stability in the foreign exchange market. Dealers said shares traded weaker in dull trade in the absence of fresh leads. Economysensitive shares came under steady selling pressure, hurt
      AFP  -  414 words
    • Article
      Lock icon SYDNEY
      596 24 AFP FlAHOrdmiries +&2 SHARE prices made marginal gains yesterday as a strong performance from News Corp offset a weaker US market. The All Ordinaries Index edged up 0.2 point to 2,626.5. Turnover was 290.7 million shares worth A 5863.3 million. Resource giant BHP slipped two cents to A 517.21,
      AFP  -  596 words
    • Article, Illustration
      Lock icon JAKARTA
      719 24 AFP H Composite Index +L 22 SHARE prices rose yesterday in cautious trading amid easing rupiah liquidity, dealers said. "We heard that rupiah liquidity was relaxing a little bit. Another good news is the fact that the overnight rate was relatively low," said a broker. "That's basically what boosted
      AFP  -  719 words
    • Article
      Lock icon MANILA
      299 24 AFP □Manila -H7» SHARE prices fell yesterday as negative sentiment on future economic growth compounded by concerns over the peso lingered in the market. "There was a technical rebound after the market opened but selling pressure came later on," said a trader. The Composite Index fell 16.79 points to
      AFP  -  299 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8294 25 INDUSTRIALS CwHMMf pnMi <**7 Lest Vol Day Net Cap w I— Cww«y M< OOP High Low P/I SmP 790 470 Ajinomoto 470 20 2 480 470 26.0 1903 448 266 Angkesa 267 -2 164 269 266 7.9 393.7 905 570 Apollo Food Mlg 570 -20 22 580 570 16.6 226.0
        8,294 words
      • Article, Illustration
        Lock icon Shares close lower on forced selling
        255 25 AFX-Asia P Composite Index jJB STOCKS fell yesterday on a selling spree by both foreign and local funds aggravated by a double forced selling effect following the implementation of a shorter settlement period. The benchmark index breached a two-and-a-half year low ofBso points. The
        AFX-Asia  -  255 words
      • Article
        Untitled
        248 25 CwwwrpN 4 48 m«m n n Cwwtrvcttan I M 7 Tr—nB»c U 47 n MrMtm 2 2 0 riMM* M 40 12 M«M 0 4 1 PwMftr is w n MwUOofi 26 4 H*tnq 0 T 0 Tfurt 0 4 0 LM* 14 77 tt RH/WnranH 0 2 I twXlMH
        248 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3480 26 BOMBS, LOANS ft WARRANTS m x 1997 Last Vol Day Laat Ouott Av« High Low St no Company So* *ar- COOO) High Low Buyor SoHor Prtea > 68 37 m 3000 m AMDS c5.5******6 37 36 5 42 81 415 3160 A Acar ******1 USS 64.5 -4.5 101 70 64.5
        3,480 words
      • Article
        Minho warrant figures show it has much room for correction
        185 26  -  WARRANT WATCH -By] R Sivanithy WE HAVE dealt with the topic of out-of the money warrants before, primarily focussing on the good gearing that this sort of instrument offers. Today's feature is such a warrant but with one difference it
        185 words
    • Article
      CLOB INTERNATIONAL
      2323 26 Of Or •997 Last Vol Day Laet Ouott D* OK YM Net MCn Htgh Law Stow Company COOOl H>» Lew fciyer S—er CUT P<T S«d 478 198 in 5000 AIS8 50c 200 -7 205 215 196 200 203 iO 4.9 0.7 4X8 20S2 137 68.5 ms 5001 AM0850C
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    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1547 27 TURNOVER COOO) VALUE COOO) Mafci CW» TX«I MUn CM* Total induitrlat 29,129 26,814 55,945 81.288 38.501 117,789 Finmi 6.358 18.370 22.728 45.122 27,993 73.114 Hottta 840 933 1.773 1.732 1.T17 2.848 Proportios 5.773 13,173 18,948 30,952 *3,411 44.363 Plantation 5.751 5.751 '0.244 10.244 Mlnnq 342 342 480 480 BIW 3.174
        1,547 words
      • Article
        MAIN BOARD
        5099 27 Or Of M Wt 1997 L.«t V* Day LMt Ouote Dt* OW YM Net Cap A»g High Low StNe Company «8j8 COOO> High Low Buyer SeBor Cw P/t SmMPrtce INDUSTRIALS 157 97.5 a 1020 ACE 0ynamics60c 99 -2 12 99.5 99 98 98.5 -10.0 til K>1 5146 ASE
        5,099 words
      • Article
        SESDAQ
        1046 27 Or Or M Wt IffT Laat Vat Pi* LMt Ouata 01* 0*» VK IW Caa Air* Law W» CitMf %*a roooi L— »rar Mtr Cw P/t >— Prtaa SCSOAO 106 70 2000 ABRMIOqtSc 129 inch 134 121 B« l» ID 10 W *4-3 57.4 Ol 412 144 2049 AS
        1,046 words
      • Article, Illustration
        HOT STOCK
        69 28  -  -If 1 Ven Sreenivasan DBS LAND has broken through its key support level of $4.20, closing at HlO yesterday. The medium-term RSI and MACD charts suggest that there is more downside ahead. The next support level is $4.00, and if the stock is unable to stay above this,
        69 words
      • Article
        Untitled
        218 28 ViNwni CM Telecom 75c 17,101,000 Hotunq Inv NT5 8.265.000 •Refcapacific B1» 8,169,000 •MBf Capital 7,838,000 'Magnum Corp 50c 4,946,000 •West moot Land 4,891,000 Showpla 25c 4.653,000 Tianjin Zhong 4,508,000 •MBf Hldgs 50c 3,903,000 Sin Soon H 10c 3.343,000 Stodu •MBf Capital 12.924,570 DBS Land 12,708,776 KeppelCorp 12.182,410 City Dev 50c
        218 words
      • Article, Illustration
        Uninspiring CityDev profit dampens market further
        660 28  -  STOCK MARKET COMMENTARY In Malaysia, news that the M $100,000 property levy on foreigners has been lifted brings only temporary relief R Sivanithy [SINGAPORE] Uninspiring earnings reported by leading local property blue chip City Developments was one factor behind a third successive fall in
        660 words
      • ON THE GRAPEVINE
        • Article
          Neighbours, neighbours, neighbours
          180 28 WHAT are the three most important factors in purchasing a property? Traditionally, the answer is "location, location, location". But neighbours have to figure somewhere in the equation, according to a recent survey by British bank National Westminster. The Independent newspaper reported that when the bank's mortgage arm
          180 words
        • Article
          What price loyalty?
          139 28 AND while we're on the subject of London property-owners, here's what one couple had to say about our national carrier, in response to recent comments by Senior Minister Lee. They were travelling at least six times a year to their London property by SIA, but even a
          139 words
        • Article
          Too fast to follow
          146 28 IN THE fast and furious bidding at yesterday's property auction, the first since Hongkong returned to Chinese sovereignty, the auctioneer appeared *o be left behind more than once. For example, the man Was still asking for HK$5 billion (***** million) even after one player had agreed
          146 words
        • Article
          It's Sareng Party time again
          70 28 EUROPA SAILING CLUB, the former East Coast Sailing Club taken over by the Dennis Foo set-up, obviously doesn't think its members would shy away from the Sarong Party Girl labeL The club is organising a Sarong Party next month for its members, who are told
          70 words
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      Page 17 Advertisements Column 1
      56 17 U JV PROPERTY FINANCE FROM SINGAPORE. For further information, please contact either Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-purcliase Approval i yVJThe Royal Bank A* of Scotland pic
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      Page 17 Advertisements Column 2
      6 17 N&tSteel Electronics' USflb lap, Pg 19
      6 words
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      Page 18 Advertisements Column 1
      98 18 Lancaster Gate HYDE PARK LONDON Only moments from the splendour of Kensington Gardens and Hyde Park MHHD Approximately 250 m from Lancaster Gate tubestation i Fully completed with video entry e rL La 1 caster Gwvmo, security system "<<■ Classic period features with May fair Exclusive private Luxurious fully fitted
      98 words
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      98 19 r i A 1 rZ: 1 i -w t t J 1 Jfe fihed the serene world that Sha ny ri /3a offered m /lim, pacified rather than dominated its tremendous idea. Die fihed S the preoa lent mood in which feelings were sheathed in m tho uyhts, an d
      98 words
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      Page 20 Advertisements Column 1
      332 20 PRIMARY PRODUCTION DEPARTMENT I Sale of Site for Farm Produce Centre at Sungei Tengoh Pork 5 LAND PARCEL A AT SUNGEI TENGAH ROAD The Primary Production Department is offering its first sale of a site for a combination of Fresh Farm Produce Centre and Floral Nursery within the 262-hedare Sungei
      332 words
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      Page 20 Advertisements Column 2
      231 20 MM V\\\r Urban till] Redevelopment liMu Authority Sole of Sites Mftore Investment Opportunity Commercial Development \\\\m Sycd Rlwi Corner V "~W ~W7 77 The Urban Redevelopment Authority is offering for sale by tender a J t Vl commercial site in the busy |U commercial hub of Jalan Besar. \ll Located
      231 words
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      Page 21 Advertisements Column 1
      72 21 SONY. ideas come in a flash. Ideas also go in a flash. jf j BACK HL NO TAPES, NO DISCS—RECORD WITH BUILT-IN IC CHIP MEMORY FLASH MEMORY STORES MEMOS EVEN IF THE BATTERIES RUN OUT 8 MIN. RECORDING IN STANDARD MODE; 16 MIN. IN LONG MODE Jr mr JrJr Mr
      72 words
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      75 22 imSMjg qAs there anyplace south crjj (<ptona (zPionej to get authentic Cantonese cuisine ...Gf course. Sauour the exquisite flavours of traditional Cantonese dishes, prepared by our team of master chefs from Hong Kong at the aiuard-iuinning VWah Lok Cantonese Restaurant. A member of Carlton Hotels Auckland BrLslxuw Xlelbuun if Shx)apore
      75 words
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      30 24 SFor real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of i'Cf r+P The Business Times and Lianhe Zaobao.
      30 words
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      Page 27 Advertisements Column 1
      29 27 Find Out How You Can Get A Credit Line Of Up To $300,000* i With Hong Leong Finance Singapore Finance's i (^lus HONG LEONG FINANCE SINGAPORE FINANCE S j
      29 words
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      Page 27 Advertisements Column 2
      50 27 Home Decor For people who love their homes I 1 YES! Send me more information on F mm V r*v/*/ This. Name:. Address: Tel: (H) (0) Return this coupon to: Hon# Leonft Finance Group Promotions Development Department 470 IMortli Bridge Road #05-01 Singapore *****5 Or fax u8 at 336 1408
      50 words
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      Page 28 Advertisements Column 1
      1748 28 Notices To advertise call toll-free 1800-741 1883 IN THK MATTE* OF THE COMPANIES ACT, CA». 30 THOMSON 1* PTC LTD At an Extraordinary General Meeting of THOMSON IS PTE LTD duly convonod and hold at M Thomson Road. Singapore *****7 on 20th August 19?7, tho following resolution was passed: SPECIAL
      1,748 words
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      Page 28 Advertisements Column 2
      696 28 1 THE STRAITS TIMES CLASSIFIED 1 YOUR GUIDE TO MORE PRODUCTS SERVICES SAN TEH LTD |U« (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Members of the Company will be held at San Teh Industrial Building,
      696 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      325 29 Bridge News TRADING remained brisk for US Gulf Panamaxes with more cargoes available than originally forecast with rates steady-to-firmer, brokers said. The market opened with Sep trading down 6 at 1410, but amid talk of Sep USG/ Japan trading three times at U5523.00 without combination ports, futures did
      Bridge News  -  325 words
    • Article
      MARITIME STOCKS
      256 29 flHHHHNHHBHHV «gi» CWT Oitrteutton 14* -0.01 37 Own Hup 0.935 0.005 79 C««co ln»a*tmant —1.12 *001 2 MWUNl 0.405 uncft S5 flBH0Min«* 048 undi 7 KaiSunHup 0.96 -0.005 *5 HNacMZoaan 0455 -a 02 MCHMklfl HK 5.60 JpyaHaMnja 0.795 uncft Jama Shipyart 6.70 uncft n KappaiCorp 5.75 -0.05 2099
      256 words
    • Article
      2 rate-making groups revamp managements
      314 29  -  TSA, WTSA have scrapped system of rotating chairmanship among member lines By Yong Mei Fong [SINGAPORE] Rate-making group Transpacific Stabilisation Agreement (TSA) and its westbound counterpart, WTSA, have revamped their managements to better tackle the deteriorating freight rate condition in the transpacific trade. The two
      314 words
    • Article, Illustration
      Lock icon Belle in distress
      46 29 [LOUISVILLE, Kentucky] The Belle of Louisville steamboat listing in the Ohio River beside its wharf in downtown Louisville. The 83-year-old Mississippi-style steamboat began sinking early on Sunday. Work crews have stabilised the boat, though its main deck and stern remain partially submerged. REUTER
      REUTER  -  46 words
    • Article
      Korean shipyard orders expected to nit US$ 8b
      544 29  -  NEWBUILDS By Felix Chan SHIPBUILDING orders won by Korea's three largest yards, Hyundai Heavy Industries, Daewoo Heavy Industries and Samsung Heavy Industries, are on track to hit the US$B billion (Ssl2 billion) mark for the first time this year. Orders received by
      544 words
    • Article
      Tug boat sinks off P Panjang Terminal, killing 1
      189 29  -  By Felix Chan (SINGAPORE] A tug boat capsized and sank off Pasir Panjang Terminal on Tuesday night, claiming the life of one crew member, the Maritime and Port Authority of Singapore (MPA) said in a statement yesterday. MPA said that the
      189 words
    • Article
      Lock icon Russia detains Japanese boat for illegal fishing
      343 29 Bridge News AFP [MOSCOW] Russia yesterday confirmed the capture of a Japanese fishing boat for allegedly operating in Russia's exclusive economic zone off the Far East island of Sakhalin. The Border Service said a Russian fish protection ship detained the 49-tonne Taiko Maru
      Bridge News; AFP  -  343 words
    • PORT Shots
      • Article
        Namura to build tankers for Stena Bulk
        49 29 [TOKYOI Japan's Namura Shipbuilding has signed a tetter of intent with Sweden's Stena Bulk for the construction of four 107,000 dwt double-hull aframax tankers. Deliveries are scheduled to begin in December 1999. The contract has been valued at US$lB4 million (***** million).
        49 words
      • Article
        Lock icon CHina insures sale of 5 ships to Iran
        78 29 Reuter [BEUING] The state-owned People's Insurance (Property) Company of China will provide US$7B.9 million <*****.3 million) in export credit insurance for the sale of five *hipw to Iran, the China Daily said. An agreement signed would cover a US$l3O million contract by
        Reuter  -  78 words
      • Article
        Lock icon Short-haul tanker fixing forecast to grow
        101 29 Reuter [LONDON] Short-haul tanker fixing will continue to grow while long-haul demand will remain static over the next few years. Shipping brokers Clarksons Research Studies said in their latest Oil and Tanker Trades Outlook that offshore oil production is forecast to largely satisfy demand
        Reuter  -  101 words
    • Article, Illustration
      PSA must change to stay No 1
      1109 30 CORPORATXSATXON OF PSA Minister for Communications Mah Bow Tan spoke in Parliament in support of a Bill to corporatise the Port of Singapore Authority. Here are some excerpts from his speech SINGAPORE has been the world's busiest port in terms of shipping tonnage
      1,109 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      258 30 PAGE Eurofcans 6 ACL 11 Ewrgrew 6 AMI 3 Famous 7 Accord 12 Fl-BrigM 6 kr*»mJ*r C Foooq S«1 12 3 6L 4 Austral 11 &maftrlm 13 A«ant 6 i Globed 7 Batammdo 7 GoWw 4 B'tanq Mas 12 4 COM 7 HjiSu
      258 words
    • Article
      SHIPPING GUIDE
      15134 36 THEBUSINESSTIMES EXPORT ETA ETA AdvartIsar Vnxl Voyaga TaiapKona ITA OA Advarthar Vassal Vova«a Tataofcam Sin n.m. Nam Nun»ar NumOar SIN Oast'n Kama Nam* Numbar Numbar mmmmmmmmmmmmmmmmmmmmmmmmrnmmmmmmmmmmmmmmmm mmmmmmmmmmmmmmmmmmmummmmmmammmmmmmmmrnmm To BREMERHAVEN (BRV) 2057 A Germany To ABU DHABI/ ST JOHNS (AUH) 2004 am hvw Hanfin trade harvest oow *9-32*0224 United
      15,134 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        469 43 Vessel V«yHo Btrth ArrW»l tapartiin «m>* oiowwoo K9ur«m 0003*7 JOI «■'<«» SilnSi 2 jm —of UC4» JZ3 »22»* .in m Millllrtil :4.'*)C Unu *HM *2 < >100/0000 H-t™ n J22 *"f" 4tr*WWI 0001*7 JOJ M«Ml tt w i ni 0IMI9 li'W 27,00/2300 I—i■—* w 5 >J MJ'JOC U.M
        469 words
      • Article
        CONTAINER SCHEDULES
        1331 43 RECEIVING OF EXPORT fCl CONTAINERS AMP ICL CAROO 0ooM*/Mmc« tstls snip Vov Mo Etfc/ttr Nrtoi Frow T*_ Fro sss ss s s sss S sss ss sss sar- :.<•* g»» T5c v*r 222? 1 MM MM WMM 2 iwoo ww* Mtartk 003 '"".'oc s 2S5 *1 .3 '>££«
        1,331 words
      • Article
        GLOBAL HOLIDAY
        202 43 Aaf 21 Slovakia: National Uprising Day. Aa«3o Peru: Santa Rosa of Lima. Turkey: Victory Day. A* 31 Malaysia: National Day. Philippines: National Heroes' Day. Bapl Canada: Labour Day. Malaysia Day after National Day (as National Day falls on a Sunday). Slovakia: Constitution Day. United States: Labour Day. Sap
        202 words
      • Article
        COCKETT BUNKER MARKET REPORT
        800 43 THIS report, compiled by Cockett Marine CHI Ltd. show* price ranges In US dollar* Ifr stead of •Ingle price* for more comprehen live description of the marketprice* shown are baaed on sveragestaed stem Market movements are Indicated. The Cockett Bunker Price Index change and the Individual
        800 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        276 43 WO Ma 992.9 0.9 15.4 0.07 75 0.07 w Ho Mo*t E2S 2 0 1 0 0 0 *1" £22—522—5222 m »mt*m Tmm-I *u oJ 12.7 O.M 33 0.02 jn MM M4 0.9 17.7 0.10 73 0.09 ■Mr) PW mm No Mwi 635 4 0 0
        276 words
    • ARI & LAND TRANSPORT NEWS
      • Article
        SIA takes top position in survey
        519 44 National carrier heads all 18 service categories in Economist poll [SINGAPORE] Singapore Airlines clinched top honours in a recent airline service survey conducted by The Economist, an influential weekly economic and news magazine. The survey of 36 airlines was targeted at executives of the
        519 words
      • Article
        Lock icon Lufthansa must pay US$ 2.4m negligence award: appeals court
        273 44 Bloomberg News [ATLANTA] Deutsche Lufthansa AG must pay US$2.4 million (553.6 million) to a Florida man because one of its airliners didn't make an emergency landing so he could get hospital treatment for a heart attack, a federal appeals court has
        Bloomberg News  -  273 words
      • Article, Illustration
        Lock icon Japanese challenge to Detroit
        56 44 [CLEVELAND, Ohio] The Honda all-new 1998 Accord coupe (bottom) and Accord sedan (top) were unveiled at the North Coast Harbour here. Honda is expected to challenge Detroit car makers with the models, which are bigger than previous models and have new features, but are expected to
        REUTER  -  56 words
      • Article
        Lock icon South Asian nations discuss direct air links
        239 44 Reuter [DHAKA] South Asian civil aviation officials began a three-day meeting in Dhaka yesterday to consider setting up direct air links between their capitals. Officials from the seven-na-tion South Asian Association for Regional Cooperation (SAARC) were due to discuss the possibility of contributing
        Reuter  -  239 words
      • LOG Book
        • Article
          Lock icon Toyota chief sees slow Asian car sales
          68 44 Bloomberg [TOKYO] Asian car sales are likely to remain slow for another two to three years, said Toyota Motor Corp president Hlroshi Okuda. Mr Okuda, 64, was speaking at press conference to introduce the car maker's remodelled Aristo luxury car. He said the
          Bloomberg  -  68 words
        • Article
          Lock icon Delta pilots to seek mid-contract raise
          98 44 Reuter [NEW YORK] Delta Air Lines' pilots, still in a contract they signed in 1996, plan to ask the company to boost their pay. the Wall Street Journal reported yesterday. The pilots are fretting about major concessions they made in a 1996 four-year labour
          Reuter  -  98 words
        • Article
          Lock icon JAL to slash Tokyo-Honolulu flights
          84 44 AFP [TOKYO] Japan Airlines Co Ltd (JAL) said it would slash flights between Tokyo and Honolulu beginning in November as part of a reorganisation of its operations. Japan's largest airline will cut the number of flights on the route from 28 to 21 a week
          AFP  -  84 words
      • Article
        Lock icon Hopewell cautious about idea of Thai partner for Bangkok project
        391 44 AFP [HONGKONG] Hopewell Holdings Ltd of Hongkong has given a cautious welcome to proposals from the Bangkok government to take on a Thai partner for the city's problemdogged transportation project, a report said yesterday. So far, Hopewell has assumed the
        AFP  -  391 words
      • Article
        Lock icon Japan govt, private sector to develop supersonic jet
        318 44 Passenger aircraft will be faster than the Concorde: report AFP [TOKYO] The Japanese government and the private sector plan to jointly develop a supersonic passenger aircraft capable of flying between Japan and the US in five to six hours, a daily said
        AFP  -  318 words
      • Article, Illustration
        Asiana Airlines finalises US$ 700m deal for 6 Airbuses
        316 44  -  By Felix Chan [SINGAPORE] South Korea's Asiana Airlines finalised a contract with Airbus Industrie for the purchase of six planes worth around US$7OO million (551.05 billion) based on catalogue prices. The order comprises three A330-200S and three A330-300s, with deliveries between
        316 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1484 44 CITY FLIGHT ETA FUGHT ETD M995 2150 JHH ws tMM am 1930 Of82 2065 HtCMMM VN741 t3K> SOI72 0930 S0229 2220 S0I71 1420 S0I74 MM kmttrtm KL943 0455 KL838 2300 *£3 1905 VW740 1410 0125 0655 DL26 2355 "P SO25 0655 S026 2355 S01 1125 UA806
        1,484 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      20 29 PSA must change to stay No 1 Excerpts from the speech of Communications Minister Mah Bow Tan in Parliament. Pa«e2
      20 words
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      Page 29 Advertisements Column 2
      51 29 Bf Congratulations to 1 Samta -M Shipmanagement Pf© Lid ,Jlj 1 on attaining their ji| if ISM/ISO 9002 TRU-JMRINE •f* I N jff Jii /j»/ Hyf/J n€W- &CmcH4toH> Ut FKI S JSL IMMMMNI mUD JsKid, fr®""* l 35 TUas Basin Link, Singapore *****9. 'I Tfil: 861 8398 Fax: 861 8396
      51 words
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      Page 29 Advertisements Column 3
      17 29 SLA takes top position in survey National carrier heads all 18 service categories in Economist poll. BaokPafe
      17 words
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      Page 30 Advertisements Column 1
      852 30 <j ""j [SINGAPORE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST) ~~jl jQUUF KARACHI EXPRESS (OKX) VKSfI VOT |OM VAN Stt U SM VtSSB VOT IA MM lAN UR (OE PRC SM S9WS3O m/ 07 iTTi/ ii/oT" m m/m u/m n/« m/m I m/m HOIBKON SSWS3I 03/* M/M 07/ M 11/ M
      852 words
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      Page 30 Advertisements Column 2
      599 30 Line* services represented u /fiSkV by Members o» the Registry ot M»rt»r» o» the HUT A"***" l Agents. SUUfij S-W" F ™*o* Fodders V^w^/Stxxe National Shipping Assoc Assoctalwn &omox\o Just talk to us... v Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 EXPORT 3 x Japan •1 x
      599 words
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      1141 31 1 PAQFK SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VU LAX/HOU Ivcsa Iwr| na lain* Isnnp iax 1 not mem |en wk «i hou nob su mam o» i«/o» 20/t» 21/ M 05/09 09/09 11/ M io/w 11/w 11/w 10/w 10/09 12/ M mmmm wm 2S/o» 27/ M nm 12/
      1,141 words
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      Page 31 Advertisements Column 2
      2139 31 HANJIN SHIPPING USA CANADA* HAH'VOT H» PM TIW I TOT 104 CTT |PBI IHt 1 OWI I MBI I 40S I MT( 0»~ TV! TT2 YIK TTC TH» ukam sawo» oon a/w a /o» u/w a/w__io/w ii/w n/w a/w a/w a/w a/w a/w a/w 24/w h/m ~a/w~ UpT a7w~ a/w~
      2,139 words
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      Page 31 Advertisements Column 3
      84 31 ORIENT EXPRESS UNES (U.K.) LIMITED lly.g. (MANAGER FOR SHREYAS SHIPPING LIMITED) -> WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VOY SINGAPORE OOMtAY VISSII VOY lOMMY SINGAPORE ALBERT BRIDGE 003 29/06 06/09 (XXL ADMIRAL 004 24/08 01/09 OOQ ADMIRAL 005 01/09 08/09 MEGHNA 829 29/08 08/09 MEGHNA 828 08/09 17/09 NORDKAP 415 31/08 12/09
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      Page 32 Advertisements Column 1
      1010 32 <5= DSR-SEHA TOR ltmfc Round the World Container Services TO UK/CONTINENT FROM UK/CONTImIKNT Sfa 111 "fe "ft ft"ftftft ft e H DM 27 M CNOYMIB WOULD EE737 ISM M 11 *F7* M M MM *7 Ml 7 M MM M M MM CHOYAMJ MJCCISS HTM 17M MM MM MM BM
      1,010 words
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      Page 32 Advertisements Column 2
      1059 32 NORASTA 1 VESSEL VOY W OMBa VAL ALA MOT MX AMT F€L LHA I MOBSHARJAH 1733-3 HM 14M IMi ON MM M 1M 1M 1M 17M I MSC PAMELA 973* 3 MM IM9 22M M/ 11 K/1Q Ml M/ 11 IMS 27M 2M9 9735-3 MM 55 M 17.11 OAII *4/11
      1,059 words
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      Page 32 Advertisements Column 3
      489 32 LINE SB*' J mi mi IHIW7 I MUABA 1 1 LABUAN vtssa vot m ra vtssa vot no ra srott muaia spok m /mourn vju/»7 a/M si/n vttootr rni/w a/* oi/m jnova rm/»; u/w m/m jmospbi m/t; m/m m/m MtfIUKT VW/17 M/M M/N MHLUOfT V2X/V7 M/M W/M jmospb vjii/17 12/0*
      489 words
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      Page 33 Advertisements Column 1
      1337 33 1 VESSEL VOY SIN BKK POU PKO PCN OLW BUH OA I OIK H MAN TAKMTI WL-1248 28/08 08/08 08/09 MANVAMOAT WL-1283 08/08 31/08 08/08 24/08 28/08 IRAN QHEYAMAT PJL-1248 31/07 07/08 02/08 18/08 18/08 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN ARMENIA. KAZAKHSTAN,
      1,337 words
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      Page 33 Advertisements Column 2
      1089 33 cimo to/from 1 SHEKOII t HIMM9HI I WiIKLY MUCTSJUUm •'l I SINGAPORE'S GENERAL AGENTS: 6SM EMTO* WAY TIL- 226 1900 FAX: ***** M OUTWARD (I A) rTsos!or™TSwßiwß! B B^^^^| COSTAR SNIPPING PTE LTD #i/-oimsbidg saiis/ngs 4205«4i/43 mwaro wt (D/O) *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0)1 TOWH TWO
      1,089 words
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      Page 33 Advertisements Column 3
      364 33 /TTI PDZ LINES SDN BHD IfYj TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 PAX: (65) 533 2952 KKiMutmsi iumshA §um A /no cm wim-omantA GWHJAT f704 29/01 GIWIN 9741 31/ M GWOCK 9723 02/09 GJWIH 9741 31 /OS GUOO 9759 02/09 GMOd
      364 words
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      1108 34 B n rom ANW HSG THP ZEE LHV LHV TMP ROM AMW H*6 KL MP e RACER MMII 3MO IMO 2VH JM» 22*0 ZM» 2VM E. "J* ®JJJ ®I£! JJJJ 22 c BCATU RW-Al5 07/VS 2M9 §2/11 27/ M 29/09 91/19 I. 6ROUP RE-OSS 10/99 12/99 14/99 99/99 9MI E
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      Page 34 Advertisements Column 2
      1083 34 IvtSSfl VOYAOt SGrMJUAWMMIMtIWTUI VKSa VOtt« M JM M Ml MM W I uMCOtOM 047W40* 10 TO 0W» 0«*0 00/W IWO 11/00 11*0 11/W WCMOIT 0447«« 17/00 17/ M 10*0 10*0 70*0 01*0 IINOMT 0471 -041W 04*0 IVW 14*0 IVW 14*0 17*0 17*0 17*1 UNCOKOtD 0440 03* 7S*I 75/00 74/01 77*0
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      Page 34 Advertisements Column 3
      426 34 /C= NANTAI LINE FUUY CONTAINERISED SOVKE TO MAURITIUS SOUTH AfltKA VESSE VOT I S« I fUI I M I &T~ mmirtKEss oits m/w ivw 11/w mrnw* oas oi/w w/w ivg "\m mim DU6OM 001S 07/ M 17/W !1/W B/W jjjjßMWjff m IS/W 30/W H/ll motmvbws rns vm oyio ia/i« iviq
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      710 35 BSA x j 11F885F5 ***** M MYANMA umn FIVE STAR LINE (Mynmr National Lin#) w loading for Yo«|o« (Rangoon) VBSfl VOY SM PtG PEN PGU OONSMKHAW 7W SU> ■AIAYSIA AGOTS: miSIUO SHIPPING AGCNCKS MIL TH OJ-03-*****00 Ptl: TH 07-OJ-J*****1 rat m 01-O«-J*I?«O2 POO: m OJ-07-*****71/4 BANK LINE (A strvkt of
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      Page 35 Advertisements Column 2
      1131 35 HYUNDAI MERCHANT MARINE CO. LIP. WESTBOUND TO EUROPE BKQ: *****32 liownot M7W 3 iVH iSoi 2M4 Sn 2504 2V04 HY «M»Ai JO7W 07/94 24/94 25/04 27/ M 27/04 27/04 N/04 HT DUKE N7W 14/04 01/10 02/10 M/ 10 44/14 N/10 07/10 HTCO—000« MOW 21-09 N/10 04/10 11/10 11/10 JfZI! EASTBOUND
      1,131 words
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      Page 35 Advertisements Column 3
      554 35 FAMOUS CONTAINER UNES lIBS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 2/ HOT UNE: *****33 (30 UNES) WBP»g WOE-WWW lMlfc r»l| Hum. WCBB*:4 SAILINGS A WEEK TO (S L BANGKOK J J AND REGULAR SAILINGS TO ciSabang THAILAND \BANGKOK j MWiJnnnftiir 1 f L /F FOR BOOKING M *****33 CONTACT AMY
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      40 37 To retrieve more schedules, just follow these simple steps... a£nter your key in the four hone number digit code JT Key in your Exampto: L ~i fax number To NEW YORK (NYC) 2275 United Ststos for calls within Singapore r
      40 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      348 39 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SgMI-CONTAINERtSED SERVICE m *ot Trom |adam/k dam miurg mejh «rn«RP KUTJU iVKt W V 1« OMIT 7/14 TO AUSTRALIA ~T"~ FULLCOKTMWERSPWICg n wr UT aw rat w no w m w arrow am *m_ ggBBBBT v.its mm m h« it* nm am am nol
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      Page 39 Advertisements Column 2
      1120 39 ADVANCE CONTAINER LINES (PTE) LTD A I 140 C*cM Street. #12-00, PIL Building. Singapore *****0 'MLil TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL CR NO **********06 BANGKOK JAkXkU (5 Sailrtuj/Waafc ta PAT, i SaMlnaa ta BMT 2 Mfcplo LCM) (4 taW|a/Waal) TrnTL ——sx vtssa ivot I«n jkt sx I
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      Page 39 Advertisements Column 3
      841 39 |ycwsgis VOY gj JED I PSD I Iffl I HAM WTM THP ANR V4LLE DC GEMHA H2IW 31/08 WjO 12/08 21/08 22/08 Mg 26*08 gg» v«xe rronoN Y2iw or/oe 17/08 n*oe gjg 29*08 01/10 oe/io oano VXEOEVELA V2IW 14/08 24/08 26/08 06/10 06/10 06/10 06/10 10/10 VLLE DE CAPELLA T22W
      841 words
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      Page 40 Advertisements Column 1
      1049 40 BANO K OK/LA IM CHABANQ JAMWTA/MN JAHO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN NANTA BHUM 367N8 In Pt 31/06 XETHA BHUM ***** 29/08 30/06 OANUBHUM 010N~ 2W06 02/09 ANAN BHUM 78S 30/06 02/09 OANU BHUM 010NB 30/06 02/09 ACX JADE 03N 01/0» 04/09 1 Km BHUM
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      Page 40 Advertisements Column 2
      619 40 PUL INTERNATIONAL UME PUL INTERNATIONAL JAKMTA(UT(I) $SltS/WK vy ynr rrr ju i*■ SU LfGINO 4S4S I 29/001 ftl I 11/ Ml SUN oY/09 I BiffiffgMUiUM Ik I Svß us I mVm mum I hF *****8 SURABAYA 2 SIGS/WX vsi I v6t I m I smi fjjQ OtAfiOH S>MAH A rg
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      Page 40 Advertisements Column 3
      712 40 a Accord A SHIPPING PTE LTD Til s *****56 (40 LmM) PAX s *****46 KtJ UAItC 193) U7IW» Kt Vl DIRECT ACCESS TCI: *****37 (KXPOOT OOOKINO) nSMOMWK 07) SSI IV7 *****07 (EXPORT DOC), *****64 (IMPORT) mUMG 194) SSi 1441 —URIiMTTP://WWW.ACCORD.COM.SO MUKTA (II) HC 07n POtT ITA SIN POW ETA SIM
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      Page 41 Advertisements Column 1
      380 41 OSINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE iBINOTRANSI S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX xy SIHOTRANS SHANGHAI (CONTAINER SERVICE) vrafl I VOYAGE I mSIMMPOM I H«HOHG«OHG I H»SHMIGH«! mm I m wm gg mrog I wtfl w "ft yw lIHYU 9748 Mt V-M NORDSUND I
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      Page 41 Advertisements Column 2
      252 41 a« MAC-N6LS S'FOftE M'SIA I Carrier MM COKTH LINES, IMC g|\=A- «■"•<-««— ""i*" 1 USSSS'SSSE. V_J \y > PENANO: (04) *****6 BANGKOK: (MZ) *****67 SURABAYA: (31) *****6 P. KELANQ: (03) *****77 JIC* (21)*****07 MP* <61) *****3 PUSAH I KEELUN6/KAOHSIUN6~ MV "BUNGA SUMA" V 5337 MV "WAN HAI 221" VNO4O ETA
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      Page 41 Advertisements Column 3
      126 41 |M||||pai||pi|k muRATKIRAN MPT Nan/Rdrrv'Al¥»«mrVVJK I storm WIND 30AM NarVßdm/Atw/UK I OCEAN ISLANO 08/09 NarVRdrrVAfwAJK I LUCKY WEALTH 2V09 NarVßdnVAtw/UK I I- Loads EVW. Maiayiia. Indonaaia 1 Ilicmas J«tt*VAqabal/Egypt 1 ■clipper KAWA Dubai/BahravVDarnrriarVKuwait ■ESPERANZAC JecJciafVAqaba/Egypt/T npoti I ■trade BANNER Hod«idah/J«ktah/Aqaba/Egypt I ■rainier I I "Loads Srtgapors, E7W. KBfyiK. Indoniwa I I~
      126 words
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      Page 42 Advertisements Column 1
      690 42 Shipping Times ""BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. Call 740-6000 Press "1"& key in Document Code Key in your fax
      690 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      116 43 I R Thunderstorm ""weather d*ect*>n with vp««d in knot* I Serfoce winds ore indicated by winch My witfc the wind I One Kd cirde repce*ents cofcn or Sght and variable weid* i—•- Or* H«cb« 5 knot J L» On* M Heche rtprtttntt 10 knot* 4— One sofid tnongle repre*ent* 50
      116 words
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