The Business Times, 10 September 1997

Microfilm: NL20900
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    12 1 The BusinessTimes MITA (P) 023/12/96 85« SINGAPORE Internet: http://www.asial.com.sg/biztimes WEDNESDAY, SEPTEMBER 10,1997
    12 words
  • Article
    MARKET SUMMARY
    70 1 gm tfWK (+27.96) iwr HIM (+21.A0) mm itoohp D 1897.46 (+23.74) mm BTMGA EJ I 0&80 (+30.60) Q MARKET MOOD: STOCK HA1KETIXDH35 3s 1 1 > 1 Tuesday Change KLSKCOMP m.1% +9.M NIKKEI I8.W6J7 HANOSKNO i<m.«__*m.i7 SKTINOKX M6.0I 7.» JAKARTA COUP tl t MANILA COMP 1,«B« +Itt2 TAIPEI
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  • Article
    FINANCE
    75 1 KXCSAMBS KATES U8S St uts —LWI i m "so DM 1SW 0J9I YEN 1M 0*40 1.201 MS OJMS MIS HKS m® BAHT 0.0JO M» HJPIAH 100 0.034 0.0M FUME BATES 8INGAP0RE* 144 KOALA LUMPUR 9 JO JAKARTA 18.00 BANGKOK 13-25 MANILA -.1150 HONGKONG 8.75 TAIPEI MO SYDNEY MO TOKYO
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  • Article
    Asian economies primed for new prominence: World Bank
    630 1  -  Report looks beyond current setbacks to predict 5-6% growth a year till 2020 Front Leon Hadar in Washington DESPITE the currency turbulence in South-east Asia and growing concerns that the "Asian miracle" may be coming to an end, the World Bank yesterday
    630 words
  • Article
    Metalock director succeeds in removing board member
    518 1  -  Independent director voted out, 3 nominees voted in at tense A6M By Ang Wan May [SINGAPORE] A Metalock director, unhappy with what he says is a lack of checks and balances in the way the company was being run, convinced shareholders yesterday to
    518 words
  • Article, Illustration
    Lock icon No yen for dollars
    74 1 [TOKYO] A money dealer pausing during foreign exchange trade in Tokyo yesterday as the US dollarfell after remarks by US Deputy Treasury Secretary Lawrence Summers against Japan s export-led growth The greenback suffered a heavy blow against the yen yesterday, shattered by the prospect that theforthcoming
    REUTER  -  74 words
  • Article, Illustration
    Lock icon Asean currencies are up
    70 1 [SINGAPORE] Asean currencies enjoyed another strong showing yesterday as they continued to correct steep declines suffered last week. The baht recovered to 33.55 compared with 34.70 on Monday, the Singapore dollar was slightly firmer at 1.5060 (1.5060), the Malaysian ringgit once again finished below 2.90 at
    Source: Dow Jones  -  70 words
  • Article
    STII gains 28 points to hit six rises in a row
    311 1  -  Dy: R Sivanithy [SINGAPORE] The Straits Times Industrials Index yesterday managed its sixth consecutive rise after hitting a four-year low last week, with property stocks leading the way. Malaysian counters, on the other hand, came under some pressure throughout
    311 words
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      119 1 annua October OOEb down Certificates of Entitlement (COE) quota premiums for October declined across the board, Pf2 Power surge The market capitalisation of energy utilities in Asia is expected to double to US$22O billion in the next five years, says ING Barings, Pf 17 ihbbi HE secern! board? Hongkong is
      119 words
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      33 1 Market* in Turmoil: More reports, Pg 3 Money Matters, Pg 21 KL, Thailand, Indonesia warned last year, Pg 12 East Asia's growth brings global gains, Pg 12 Jk > at] J^| M I :-vV:
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      7 1 Foreign funds boost S'pore property stocks, Pgl7
      7 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      October COEs decline across the board
      357 2  -  Weaker demand for vehicles brings) subscription rate down to 157% By David Boey CERTIFICATES of Entitlement (COE) quota premiums for October fell across the board, with the bid-to-quota ratio falling a fifth straight month, reflecting softer demand for cars and motorcycles. Figures released by
      357 words
    • Article, Illustration
      Lock icon SP may invest in power plants in Africa, Pakistan
      556 2  -  Move a reaction to less than open market practices, especially in China and India By] Ronnie Lim SINGAPORE Power is now looking seriously at investing in independent power plants (IPPs) in African states such as Uganda, as well as in countries
      FILE PHOTO  -  556 words
    • Article
      SP in talks to buy gas from Pertamina
      435 2  -  This follows move by Sembec consortium to sonrce Indon gas By. Ronnie Lim SINGAPORE Power (SP) is negotiating with Indoiksia's national oil company Pertamina to buy natural gas ftiel its Jurong and Pulau Seraya power stations. This makes it the second Singapore
      435 words
    • Article
      Lock icon PM Goh leads business team to Mexico
      383 2 The Straits Times PRIME Minister Goh Chok Tong left last night, accompanied by a 45-strong business delegation, on an official visit to Mexico at the invitation of Mexican President Ernesto Zedillo Ponce de Leon. Following his five-day visit to Mexico, Mr Goh will
      The Straits Times  -  383 words
    • Article
      Plans to setup Asia-Pacific insurance association
      237 2 STEPS are being taken to form an Asia-Pacific Risk and Insurance Association based in Singapore. Delegates at the inaugural conference of Asia-Pacific Risk and Insurance Scholars, who met in Singapore last weekend, agreed to set up the regional body within a year. The proposed
      237 words
    • Article
      Employers' federation sets goals for the new millennium
      412 2  -  It hopes to help firms create higher value-added jobs By, Audrey Tan HELPING firms stay competitive and creating higher val-ue-added jobs they are two of the main goals the Singapore National Employers' Federation (SNEF) has set for itself in the new millennium.
      412 words
    • Article
      S'pore must groom local trading firms for big league: minister
      256 2 LOCAL trading firms need to be groomed to join the league of global mega-traders, said Minister of Trade and Industry Lee Yock Suan yesterday. Speaking at the Trade Development Board (TDB) Awards presentation ceremony yesterday, Mr Lee noted that while
      256 words
    • Article
      S'pore's expensive to live in, dine out
      449 2  -  EYE ON THE ECONOMY Costs By. Andrey Tan HERE'S another face of "burgernomics", not entirely dissimilar to The Economist's Big Mac index as a rough measure of purchasing power. The Big Mac measure in the Union Bank of Switzerland's survey, "Prices and Earnings
      449 words
    • Article
      S'pore open to reinsurers who want Asian base: official
      251 2 SINGAPORE is open to reinsurers seeking an Asian base here, but will remain selective in deciding who can add value to the insurance community. Insurance Commissioner Lim Shu Chiau said this in an interview with Asia Insurance Review, adding that it
      251 words
    • NEWS Roundup
      • Article
        Health ministry to get second perm sec
        88 2 PERMANENT Secretary (Labour) Moses Lee has been appointed Second Permanent Secretary in the Ministry of Health, with effect from next Monday. The new posting will be in addition to his present job. Koh Yong Guan will continue as Permanent Secretary (Health) and concurrently,
        88 words
      • Article
        Changi is world's favourite airport: poll
        93 2 CHANGI airport has won the World's Favourite Airport award in the 1997 Business Traveller (Asia Pacific) readers' poll—for the sixth year running. In a survey comparing 39 international airports, Changi was placed first in all six airport sub-categories. These include convenience of layout and
        93 words
      • Article
        $100m for stronger S'pore River wall
        97 2 THE government will be spending $100 million to strengthen the wall along the Singapore River pedestrian mall. By year-end, most of the wall, stretching for 3 km on either side of the river, will have been reconstructed. This is part of the government's plan
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  • MARKETS IN TURMOIL
    • Article
      Indon central bank cuts short-term rates on certificates
      474 3  -  Move signals govt's more relaxed view of speculative pressure on rapiah S N Vasuki [SINGAPORE] Indonesia yesterday lowered short-term interest rates in a signal that the government was taking a relaxed view of speculative pressure on the rupiah. The central bank slashed
      474 words
    • Article
      M'sian banks should limit loans further: analysts
      473 3  -  Banks within lending limits bot total loan growth still high Hy Meera Tharmaratnam in Kuala Lumpur ALTHOUGH Malaysian financial institutions are well within lending limits, analysts said yesterday banks should limit their share financing and property exposure even further as total lending growth
      473 words
    • Article, Illustration
      KLSE heads back up with 1% gain
      314 3  -  AW/; Eddie Toh in Kiiftlu Lumpur THE Kuala Lumpur Stock Exchange (KLSE) yesterday continued its rebound which be gan last Friday, although there was some intermittent profit-taking. The barometer Composite Index rose 9.04 points, or one per cent, to 888.75 points. Volume was
      314 words
    • Article
      Philippine stocks up 5.4%, peso rises against US$
      317 3  -  hYom Al Labita in Manila PHILIPPINE shares today posted their biggest single-day gain in nine days and the peso hammered anew the US dollar in what an analyst called "a day of revenge". The barometer 30-share Phisix index rose 5.4 per cent,
      317 words
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      150 3 Buy It. Sell It. Find It. Classified, f& CATS. Call Today For Results Tomorrow. 1800-*****66 S>l Tower 6 Tema»<-k Rotilcv.irJ ■I 1 M. CFjPjj~~, r tjl r^ZX f, -L -—■>—f ■iC jST""""""* AEdmundTir [4J »--r* mm v Mi,m ,j^ 1, V L < 9 Edmund N S Tie Company Pte
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      Page 3 Advertisements Column 2
      17 3 Key to financing share buy back, Pg 18 Telekom BTsia may face big forex losses, Pg 18
      17 words
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  • FOCUS
    • Article, Illustration
      Lock icon Worst may be over for economy, Mahathir
      1124 4  -  Anwar gets a ringing endorsement from the PM as his successor By Yang Razali Kassim [KUALA LUMPUR] IT IS remarkable how things turned around for Malaysian Prime Minister Mahathir Mohamad. Just last week, the world seemed to be crumbling around him. The economy
      REUTER  -  1,124 words
    • Article
      Using wit to counter the poison pen
      598 4 Dari Bentan ke Tanjung Kandis Ramai pengembara bermain pakau Lagi berhadapan mulutnya manis Da lam sembunyi menanam ranjau (From Bintan to Tanjung Kandis Many travellers were playing cards What sweet words when face to face In secret many thorns were placed) IN MALAY
      598 words
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      377 4 Access real-time data from your production floor without leaving your office desk. With Yokogawa PC-friendly products, you can monitor and control data from various production floor equipment right at your office. All you need is a simple link from our high-quality products to your computer. You will find it so
      377 words
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  • SOUTH-EAST ASIA
    • Article
      Thai cabinet slashes growth forecast from 5.9% to 2.5%
      456 5  -  BANGKOK Govt accepts recommendations for growth from think-tank and IMF By] Harish Mehta THE Thai cabinet yesterday sharply cut its economic growth forecast for this year to 2.5 per cent from earlier projections of 5.9 per cent in view of the
      456 words
    • Article
      Lock icon Tenaga looks to a more active role in Bakun dam project
      253 5 KUALA LUMPUR It considers being project manager or adviser to Ekran AFP MALAYSIA'S state-owned power company Tenaga Nasional Bhd said yesterday it was considering plans to take a more active role in the mammoth Bakun dam project, expected to
      AFP  -  253 words
    • Article
      Three M'sian firms to finance Philippine power project
      284 5  -  MANILA By. Al Labita IN the first foray by Malaysian firms into project financing in the Philippines, three firms have agreed to partly bankroll a US$6BO million (551.02 billion) 1,000-megawatt power project, an official said yesterday. First Philippines Holdings Corp (FPHC) vice-president
      284 words
    • Article
      Lock icon Malaysia, Mongolia sign air services agreement
      137 5 KUALA LUMPUR AFP MALAYSIA and Mongolia signed an air services agreement yesterday to facilitate travel between the two countries via intermediate points in China and South Korea, Bernama news agency reported yesterday. Under the agreement signed in Ulan Bator, the report said Malaysia would
      AFP  -  137 words
    • Article, Illustration
      Lock icon Aquino joins noisy protest
      90 5 (MANILA) Former Philippine President Corazon Aquino does her bit for a new public protest campaign by pressing her limousine horn at her suburban residence on Monday. The noise barrage is directed at the government's moves towards constitutional changes, and is also aimed at pressuring President Fidel
      AFP  -  90 words
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      125 5 ff /I BL HL. rfltf r "Kjjftrr WtiV*- -fr r r 'T' 1 VC■ 1* jk>- I X*r ifc- ,'jfc~, m 1 a v *S '51 w^ FASTER FOR SURE. If time is money, SIA Cargo's Swiftrider service could save you a fortune. Swiftrider shipments take off with priority handling
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China to enlarge B share market, pump funds into state firms
      431 6 SHANGHAI 20 firms will be cleared to issue foreign shares in Shanghai, Shenzhen Reuter CHINA will expand its B share market to pump needed cash into state enterprises and boost trading of stocks aimed at foreign investors, government and
      Reuter  -  431 words
    • Article
      Lock icon Legal action threat over China Telecom IPO leaks
      281 6 HONGKONG Guilty parties will also be barred from issue: coordinators FT THE global co ordinators of China Telecom's planned Hongkong listing, one of China's biggest international share issues, have warned that any underwriters who leaked information to the press will be barred
      FT  -  281 words
    • Article, Illustration
      Lock icon HK bourse may start up second board
      139 6 HONGKONG AFP AUTHORITIES in Hongkong are considering establishing a second board on the Stock Exchange here to allow the listing of more companies, Financial Secretary Donald Tsang said yesterday. He said the bourse and the Securities and Futures Commission (SFC) had set up
      AFP  -  139 words
    • Article
      Lock icon New Taiwan PM reiterates island's defiant stance
      237 6 TAIPEI Reuter TAIWAN'S new premier used his first address to parliament yesterday to vocally reiterate the nationalist island's defiance of mainland China. Prime Minister Vincent Siew's address came as China fired off yet another diplomatic broadside against Taiwan, condemning Panama for hosting President
      Reuter  -  237 words
    • SINO Briefs
      • Article
        Lock icon Taiwan ups limit on banks' stock holdings
        77 6 Reuter ITAIPEI] Taiwan will by the end of this week raise the limit on banks' stock market holdings to 20 per cent of their net asset values from 15 per cent, Finance Minister Paul Chiu told parliament yesterday. Mr Chiu first announced the
        Reuter  -  77 words
      • Article
        Lock icon Taipei probing online gun sales
        63 6 Reuter (TAIPEI] Taiwan's Justice Ministry said yesterday it was investigating a Net site called "Godfather of Firearms" which offers online sales of guns. A ministry spokesman said such transactions are "completely illegal in Taiwan", adding that "we do not know if the website is for
        Reuter  -  63 words
      • Article
        Lock icon Massive security cover for IMF meeting
        57 6 AFP [HONGKONG) A massive security operation will be mounted here for the annual meetings of the International Monetary Fund and World Bank, police said yesterday. Some 1,550 police officers would be directly involved in providing security for the meetings and associated events from Sept
        AFP  -  57 words
      • Article
        Lock icon China to wipe out illiteracy by 2000
        70 6 Reuter (BEIJING! China alms to cut Its illiteracy rate from 6 per cent of the population to zero by the end of the century, the China Daily said yesterday. The 145 million Chinese who cannot read or write lived mostly in poor, rural
        Reuter  -  70 words
    • Article
      Lock icon HK plans tougher stand on copyright piracy
      252 7 HONGKONG AFP HONGKONG is likely to introduce tougher bills making copyright piracy an organised and serious crime, which would allow illicit profits to be seized, it was reported yesterday. Government officials told legislators on Monday that the Trade and Industry Bureau and Security
      AFP  -  252 words
    • Article
      Lock icon Communist party congress to discuss political reforms
      424 7 BEIJING Sensitive topic will be raised in the context of economic reforms and the fight against corruption AFP THE contentious topic of political reform will be on the agenda when the Chinese Communist Party's 15th congress starts here on Friday, Chinese sources said.
      AFP  -  424 words
    • Article
      Lock icon Party expels its former Beijing chief
      245 7 BEIJING AFP FORMER Beijing party chief Chen Xitong has been expelled from the Communist Party for involvement in the country's largest ever corruption scandal and placed under criminal investigation, Xinhua announced yesterday. Investigations showed Chen had "accepted and embezzled a large number of valuable
      AFP  -  245 words
    • Article
      Lock icon China eyeing Olympics 2008: IOC
      139 7 LAUSANNE, Switzerland Reuter CHINA will bid to stage the Summer Olympics in 2008. the International Olympic Committee (IOC) said yesterday. Beijing, which was beaten in the race to stage the 2000 Games by Sydney four years ago despite being the pre-vote favourite, and Shanghai are
      Reuter  -  139 words
    • Article, Illustration
      Lock icon Keep elections free, US tells Tung
      477 7 WASHINGTON US officials press visiting HE leader to adopt representative election roles Reuter THE US pressed Hongkong on Monday to adopt broadly representative election rules as its leader began his first visit to Washington since China took control of the territory on July 1.
      Reuter; REUTER  -  477 words
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      172 6 r n BEHIND THE BEST FOREIGN BANK I N SJ_n_g_ap_ojie IS THE BEST BANK IN THE world. I When you open the door to Hongkongßank in Singapore, you not only access a comprehensive range of services for both corporate and personal banking, you also access the international network of the
      172 words
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      167 7 Setting China's course, Pg 13 i» -V-. '-J L I?•- f i < j'] V -v, f; The Mi Information Service. Get it at a glance on the Nokia 3810. I JP:"? our ln^ormat on Service, you'll get regular updates A I FINNEWS jlll of News Headlines, Financial News, 4-D,
      167 words
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      80 8 m TWO mm} I^h*-\ i; -I^^M mSKmmikiSk a million in equities. I 4 *Ltf mttmpuA y fytSteH{|y& zjMm FUNDING THE .^b Sw v iw > AN EXQUISITE PIECE OF CUSTOM FRENCH JEWELLERY FOR HIS WIFE :yjH W .^M His WIFE'S SHOPPING EXPEDITION TO HONG KONG. THE THREE LIFE PAYING FOR
      80 words
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  • ASIA
    • Article
      Lock icon Jinro goes bust after 5-month battle
      390 9 SEOUL Markets take a hit as 19th biggest Korean conglomerate gpes under AFP SOUTH Korea's ailing brewery giant Jinro Group went bankrupt yesterday after five months of self-rescue efforts flopped, its major creditor bank said. The insolvency of the country's 19th largest conglomerate sent
      AFP  -  390 words
    • Article, Illustration
      Lock icon Conference to take stock of Korea's economic ills
      303 9  -  SEOUL By Louis Beckerling THE Korean economy will come under the spotlight at a two-day conference that gets underway here today. With a population of 44.5 million and a gross national product of U*****.4 billion (*****.6 billion), Korea is the second largest
      AFP  -  303 words
    • Article
      Lock icon Thousands flock to pay homage to Mother Teresa
      239 9 CALCUTTA AFP MORE than 100,000 people have paid their last respects to Mother Teresa here during the past two days, a church official said yesterday, as mourners continued to flock for a final glimpse of the "Saint of the Gutters". Denvindar Pereira,
      AFP  -  239 words
    • Article
      Lock icon Aussie defence ties with Japan may miff China
      309 10 SYDNEY AFP Improved Sino-Australian links face renewed scrutiny by Beijing after Canberra's announcement this week of expanded defence ties with Japan coinciding with a ministerial visit to Taiwan. Defence Minister lan McLachlan, who is visiting Japan, yesterday told the Australian Broadcasting Corp
      AFP  -  309 words
    • Article, Illustration
      Lock icon Dollar bashed to 118.40 yen after US warning over Japan exports
      479 10 TOKYO SeUdown fuelled by reports that US will take issue to 0-7 meet in HE this month Reuter, Bloomberg THE dollar suffered a heavy blow against the yen yesterday, pummelled by the prospect that a G-7 meeting may put
      Reuter,; Bloomberg; Source: Bloomberg  -  479 words
    • Article, Illustration
      Lock icon Rolling in profits
      55 10 [KARACHI] A satellite dish dealer moving a dish for display in Karachi's main electronics market. The satellite dish business is booming in Pakistan and many businessmen are converting their businesses to dish manufacturing and selling. The margin of profit here is said to be much higher than
      AFP  -  55 words
    • Article
      Lock icon Buy more stocks: S Korean govt
      286 10 SEOUL Financial firms say they'll obey govt in its bid to hah dump Bloomberg SOUTH Korea's government is attempting to halt a stock market slump by telling finance companies they should buy stocks. The Ministry of Finance and Economy issued its "buy more" instruction
      Bloomberg  -  286 words
    • Article
      Lock icon Daiwa under scrutiny amid Telstra float
      433 10 SYDNEY Govt seeks explanation over Japan float seen unaffected AFP THE Australian government yesterday asked Daiwa Australia, the lead manager in Asia for Telstra's multi-bil-lion-dollar float, to explain its Japanese parent's involvement in a corruption scandal. Daiwa was one of five stockbrokers selected in
      AFP  -  433 words
    • Article
      Lock icon India okays foreign investment in forex broking
      117 10 NEW DELHI Reuter THE Indian government said yesterday that it was authorising foreign direct investment in the foreign exchange brokerage industry as part of the opening up of its financial services sector. The Industry Ministry said in a statement that in April it
      Reuter  -  117 words
  • Page 9 Advertisements
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      58 9 A memory of Mother, Pg 14 iiiPi M HaK tnr^tmr^'4wifA JM iflißpfW. l|lifißH§ i 4 i > v- I IftiSlK JBT K> m A i^»- 4 .f> K^ 5 p! H J -"m %K' j^V? ~4 k v i > jj^ggpi fpPplii I Millenia Walk Raffles Motel Arcade Shaw Centre
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      105 10 Wa have highly qualified well-experienced Foreign Professionals/Skilled available: IT Professionals Mech/Civil/Electrical Engineers Accountants/Auditors Administrators Bankers Skilled Workers Above Resumes CV's are available on request HI! 0/2 hand and foot without sv ending an azm and a leg (Sfj course. Enjoy your stay in our luxuriously furnished Carlton Club rooms and
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      165 10 Managing Directors Is your accounts department the most neglected in your company? Chances are pretty good that this is exactly how it is. You may not realise it, but unless IZ' A i I you upgrade the old clunky accounting software in your company to Realtime Accounting Software, your company
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  • THE WORLD
    • Article
      Lock icon US non-farm productivity up 2.7% in 2nd quarter
      493 11 WASHINGTON Growth fastest in 3V2 years; revised report seen easing inflation concerns Bloomberg Reuter. AMERICAN businesses increased their productivity at their fastest pace in 3'* years in the second quarter, the government said yesterday in a report that should ease concern over
      Bloomberg; Reuter.  -  493 words
    • Article
      Lock icon Bigger than forecast rise in loans
      196 11 WASHINGTON Bloomberg BORROWING by US consumers accelerated at the fastest pace in three months in July, reflecting renewed confidence in the economy. Credit card charges and car loans led the advance. Borrowing rose by a great-er-than-expected US$6.5 billion (559.75 billion) for the month to
      Bloomberg  -  196 words
    • Article
      Lock icon France sticks to partial privatisation plan
      310 11 PARIS AFP THE French government made it clear yesterday that it sees partial privatisation in the future for major stateowned companies, signalling a partial selloff of Air France next year, a day after announcing plans to list 20 per cent of France Telecom. Underlining
      AFP  -  310 words
    • Article, Illustration
      Lock icon Riding tall in Las Vegas
      67 11 (LAS VEG AS| Workers for Mikohn Lighting and Sign attaching the front of a giant motorcycle to the outside of the liarley Davidson Cafe here on Monday. The B'h metre tall, 6,800 kg sculpture is a seven times scale replica of a 1997 liarley Davidson
      REUTER  -  67 words
    • Article
      Lock icon Euro may end US$'s role as dominant world currency
      377 11 LONDON Bipolar system may cause huge market swings: economists FT EUROPEAN economic and monetary union, scheduled to be introduced on Jan 1, 1999, will end the role of the US dollar as the world's dominant currency, according to a growing number
      FT  -  377 words
    • Article
      Lock icon Clinton set to do battle for 'fast track' authority
      271 11 WASHINGTON AFP PRESIDENT Bill Clinton is expected to launch a political battle this week for congressional authority to negotiate trade accords but is likely to find firm opposition within his own Democratic party. Mr Clinton was to submit a bill to
      AFP  -  271 words
    • Article
      Lock icon Germany's jobless more than expected
      176 11 FRANKFURT Bloomberg, AFP GERMANY'S jobless ranks swelled more than expected in August, easing concerns the Bundesbank will be forced to raise interest rates soon to check the country's accelerating inflation. Unemployment rose in August for the fifth straight month by a greater-than-ex- pected 49,000, although
      Bloomberg,; AFP  -  176 words
  • Page 11 Advertisements
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      119 11 I Christof/e Paris Sel et Poivre Piccolo: Ss2o7 with GST Pavilion Christof/e 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, 310 320
      119 words
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      Page 11 Advertisements Column 2
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      Page 11 Advertisements Column 3
      211 11 The First Asia Pacific Conference on September 29 30,1997 4' Singtpora Tomorrow's ability to compete the innovators oftoday! Join us and EXPLORE the new opportunities for turning product and technological innovation into business opportunities and growth LEARN about the latest in technology, business ideas and market trends UPDATE YOURSELF on
      211 words
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  • WORLD BANK/IMF REPORT
    • Article
      KL was warned of risks
      598 12  -  IMF urged M'sia in August last year to cool overheating economy and cut current account deficit Reports by* Quak Hiang Whai [HONGKONG] THE International Monetary Fund (IMF) had urged Malaysia to cool its overheating economy and to set its current account deficit on a "clear
      598 words
    • Article
      Thailand, Indonesia warned last year
      371 12 IMF alerted them to vulnerability of their economies THE International Monetary Fund (IMF) issued strong warnings to Thailand and Indonesia about the vulnerability of their economies during their consultation process with the countries last year. On Thailand, the IMF directors had warned about the high
      371 words
    • Article
      East Asia's growth brings global gains
      637 12  -  Developing countries' expansion will enlarge world export, import markets World Bank From Leon Hadar in Washington THE rapid growth of East Asia and other developing countries will provide substantial benefits for most regions and countries in the world, the World Bank said in a
      637 words
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      150 12 Whatjtou do in an indant is the culmination of years of hard work. their acidity, mildness, flavour, richness, smoothness and body. Kenyan The elaborate ritual begins with careful cultivation of coffee trees, beans, for indance, are more on the acidic side while the Sumatra variety followed by laborious hand-picking and
      150 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Asia can take a leaf from '96 rand crisis
      706 13  -  THE BOTTOM LXNE OPINION BU Neil Behrmann The writer is BT's London correspondent THE South African currency crisis of 1996 could be an excellent case study for Asian policy makers. Instead of imposing restrictions to protect the rand and to counter
      706 words
    • Article
      IN OTHER WORDS
      106 13 'Angry? At whom? I don't know whom to blame anymore. Maybe it's Arafat, maybe it's the system. I don't know whom to put the finger on. Maybe to some degree it's just a part of life.' Sveta Sokolskaya a witness to the Jerusalem suicide bombing last week.
      106 words
    • Article
      Hashimoto's China trip not a failure
      651 13 EDITORIAL JAPANESE Prime Minister Ryutaro Hashimoto's official visit to China last week should not be regarded as a failure simply because, by his own admission, he was unable to dispel Chinese fears over the proposed changes to the defence arrangement between Japan and the
      651 words
    • Article, Illustration
      Lock icon Setting China's course
      1269 13  -  New blood, public ownership and political reform will be focus of key 15th Party Congress By\ Lu Ning The writer is a B T correspondent specialising in China affairs ON Friday, the Chinese Communist Party (CCP) will officially convene its 15th Party Congress. In every aspect, the
      FILE PHOTOS  -  1,269 words
    • Article
      Forex market has become a global 24-hour casino
      765 13  -  WHAT THE OTHERS SAT Chen Siow Hsing THE recent speculative attacks on the currencies of Asean countries have left governments flabbergasted, frustrated and angry. The attacks then spilled over into the stock markets while the fall of the currencies continued. The recent
      765 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      65 13 DOONESBURY By Garry Trudeau lIILI MM ——1| SOURCES CLOSE TO THECAL!- mLS'PERSONAL'PEASONSARE. THANK YOU.PETBZ. ASYCUIN-1 fORNJA REPUBLICAN TEU ABC OFTENCTTEPNABRUPTF&GNA- GOQP PtOm>, TMHEREUVBATA I NEMJS THATMWPCRTMJ/U- WNS, THIS USUAL# COPE FOP /HORNING. MV^PO^T, PRESS CONFERENCE CALLEP I OERE&GNING TOMY PUT OVER SOME PARKER EXPLANATION UKE I HAVE BY RE? LACE?
      65 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon A royal dilemma: Change or die
      822 14  -  The British monarchy may have to trade some historical prestige and power for continued existence, says Andrew roche ANDREW ROCHE Reuter Britain's royals, battered by controversy over their future role in the wake of Princess Diana's i death, can take comfort from the survival
      Reuter; FILE PHOTO  -  822 words
    • Article
      Lock icon A memory of Mother
      576 14  -  DEATHOFMOTHERTERESA She arrived in India with a strange request, recalls man who housed the young Mother Teresa By\ Ran Chakrabarti Reuter [CALCUTTA) Michael Gomes, aged 89 and frail, cannot remember the dates, but he clearly recalls a lot about the young nun who came to Calcutta
      Reuter  -  576 words
    • Article, Illustration
      Adrenaline charged essay gets writer a rare Emergency
      573 14 BT EXCLUSIVE LIFESTYLE CONTEST HALF-an-hour and some help from his son's aircraft books was all it took chartered insurer Lam Chee Long to write the winning entry in a recent BT Exclusive Lifestyle contest. Picked from hundreds of entries, Mr Lam's 50-word
      573 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      36 14 Where to wine, dine and entertain S+Ar CITY THAI Sl FIN RESTAURANT Braised Superior Shark's Fin with crab meat Valet Parking is available, 1? /B For reservations, call *****55 47, Craig Road, Tanjong Pagar, Singapore *****5
      36 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      793 15 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. 1800-*****66 Where to wine, dine and entertain... by. M^nationaT IBnHMn kttp:// www.ana-kotels.com I 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
      793 words
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      Page 15 Advertisements Column 2
      188 15 24-hour Coffee House ltt floor The Chicken Rice Capital Of The World AUwliziirtßs^gvwr 333 Orchard Road. Singapore *****7. Tel: 737 4411 On* M0O«CMk«l «'< >>«cV Grow If AHJ VWu* «*>e Prom H\« <WjV i*gr*A.ic*H, CUeP Ye's ioi*jWf-«$»<» AeKc«cy b««u*HFuny Vo AeKjW- ««w* £*iex>s. To «r4ev, cmD fJ I 4< IS.
      188 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      813 15 TV&RAPIO 0 find out why he doesn 9.00 Meniti Pelangi. rremiere iz like him. 9.30 Balada Dangdut. 2.00 PM TV Innovations. 11.45 Seinfeld The Nap. 10.30 The Haunted House (See 2.30 The Winners. 12.15 AM Murder One Chap- Our Choice). y; 3.00 Money, Money, Money. ter Five 12.30 AM TV
      813 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      300 15 CRYPTIC CROSSWORD 1 It's right to give some sort of a mm H| n 5 Struggle with large disc re pan HI WM 9 Produced from hot coals if the stirs them up HI oH 10 A very low joint (5) start for circus clown (7) g jHH[ jflfl jHT
      300 words
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  • WIRED FOR BUSINESS
    • Article, Illustration
      A niche on the bookshelf
      883 16  -  Booksellers learn a few lessons from the Amazonian price war, report kenmeth James and toh han sum KENNETH JAMES,TOH HAN SHIH SURFED any good bookstores lately? If so, you will have noticed that it's a minefield out there. Big Internet bookstores like Amazon.com, BarnesandNoble. com
      883 words
    • Article
      E-mail is efficient and inexpensive
      589 16  -  But security, privacy concerns hinder firms from fully utilising it By: Raju Chellam [SINGAPORE] E-mail or electronic mail is the fastest, cheapest, cleanest and the latest data-communication tool in the world today. Yet, according to market indications, it is still among the least used in
      589 words
    • NOTE Book
      • Article, Illustration
        Rice dumplings on the Net
        110 16 SINGAPORE-made rice dumplings are now sold on the Net. Lee Kim Choo, 58, and her family own two physical dumpling stores in Singapore, and a cyberstore which is at http://www.asiainfo.com.sg/kimchoo. You can order through this Website. Products include bak chang (rice dumplings containing meat), nonya
        110 words
      • Article
        Info on S'pore property
        110 16 TIMELY information on the local property scene is now available on Singapore Real Estate Online at http://www.sreo.com.sg. This site contains a listing of properties up for sale, a list of registered agents, legal information and property market analysis. It also offers guides to information on the
        110 words
      • Article
        Helping expats find a home
        84 16 TO help the foreign talent Singapore hopes to attract, a website http://www.asiahomes.com—offers information on property, rentals and homes in Singapore. Asia USA Resorts (Singapore) offers to source "the most affordable and quality rental and investment properties" for expats wishing to relocate here. The data covers
        84 words
      • Article
        Cyberstore for Chinese books
        46 16 HONGKONG-based Chinese Books Cyberstore (CBC) is now selling Chinese books on the Net at http://www.chinesebooks.net. Users worldwide can purchase books, interact with publishers and authors, and read book reviews online. CBC offers a range of Chinese books from China, Taiwan and Hongkong.
        46 words
      • Article
        Best bargains in CDs?
        97 16 WANT to find the best price for a CD? Go to Bargain Finder Agent at http://bf.cstar.ac.com/bf/agent2.htm. At the site, you type in the name of the artist and album, and the agent will get prices from at least nine virtual retailers for you to compare to
        97 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      232 16 7he Internet is an important growth area for banks Jp'' jt. 0 antl tredit card companies. Trouble is, credit > dr'' < card customers aren't spending far fear their card f jlf' V numbers will be hijacked by hackers. That's why Citibank teamed up with IBM. jBTU --.■> (forking closely
      232 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon More listings set to swell market cap of Asia's utilities
      442 17  -  But listed power companies now face higher risk profile, says ING Barings By' Teh Hooi Ling [SINGAPORE] Outside Japan, the market capitalisation of energy utilities in Asia is set to double to US$22O billion (***** billion) in the next five
      Source: ING Barings  -  442 words
    • Article, Illustration
      Lock icon Property stocks jump 5.2% as foreign funds return
      328 17  -  Bat fundamentals will limit sector's upsurge: analyst By1 Diana Oon [SINGAPORE] Property stocks rebounded yesterday on the back of improved performance in the overall stock market. Analysts yesterday said buying by overseas funds, especially in the afternoon, pushed the SES Property Index
      Source: Bloomberg  -  328 words
    • Article
      CMTD enters China's cell phone market
      415 17  -  It can issue 100,000 mobile phone numbers in Guangdong province By Lu Ning [SINGAPORE] China Motion Telecom Development Co (CMTD), the main Chinese business partner of foreign board-listed CM Telecom, has broken into the tightly-con-trolled Chinese mobile telecommunications market. The company has obtained the
      415 words
    • Article
      Freight Links buys Manila site
      214 17 [SINGAPORE] Sesdaq-listed logistics company Freight Links Express has bought land in Manila's Harbour Centre industrial park for $18.9 million to build a warehouse and distribution centre. The company purchased the 199,000 sq ft of freehold land through its 40 per centowned associate Serendipity Land Inc
      214 words
    • Article
      Will Jardine-China thaw lead to group's relisting in HK?
      662 17  -  HOCK LOCK SIEW Lee Han Shih Mmh mam ongkong Land property joint venture points to thaw", screamed the headline in the Sept 5 issue of South China Morning Post's (SCMP) business section. To brokers in Singapore, this is yet another reminder
      662 words
    • Article
      DBS Land begins selling Melrose Park
      223 17 [SINGAPORE] Mainboardlisted DBS Land has albeit quietly started selling units in its freehold Melrose Park project in the River Valley area this week. The company has invited guests to view the showflat in its Robinson Point office in Shenton Way, and on Monday opened
      223 words
    • COMPANIES
      • Article
        Prudence is key to financing share buyback: KL banker
        551 18  -  Commerce Asset chief says professional standards a top priority From Meera Tharmaratnam in Kuala Lumpur PRUDENCE and maintaining professional standards will be the top priorities of Malaysian banks in response to expected demand for share financing as a result of the
        551 words
      • Article
        Lock icon Jardine Lloyd Thompson's EPS up 5%
        230 18 Bloomberg [LONDON] Jardine Lloyd Thompson Group pic, a UK insurance broker formed through a merger in April, said full-year earnings per share before items rose 5 per cent as revenue gains were partly offset by lower investment income. Earnings per share for the 12
        Bloomberg  -  230 words
      • Article
        Lock icon Telekom M'sia may face big forex losses
        173 18 AFP [SINGAPORE] Telekom Malaysia Bhd could face foreign exchange losses of Ms7o million (5536.2 million) to Msloo million due to the sharp decline of the Malaysian currency against the greenback, an analyst from Dutch bank ING Barings said yesterday. The bank's regional telecommunications
        AFP  -  173 words
      • Article
        Lock icon Samudera to use IPO proceeds for expansion
        341 18 Indon shipping firm will also cut debt, says chairman Bloomberg [SINGAPORE] Indonesia's Soedarpo family is expanding its ocean shipping business in Singapore through a sale of shares in Singapore-based Samudera Shipping Line Pte later this month. Proceeds from the initial public sale of
        Bloomberg  -  341 words
      • Article, Illustration
        Lock icon Care for a spin?
        64 18 [N AGOY A) This recent picture shows two micro replicas of Toyota AA (Toyota Motors' early model) cars on a coin at the laboratory of Japanese auto parts maker Denso in Nagoya, central Japan. The micro cars, which measure 4.7 mm in length, 1.73 mm in
        AFP  -  64 words
      • Article
        Lock icon Peregrine offers to take over assets of Brazilian trust
        294 18 Bloomberg [LONDON) Peregrine Securities Ltd, a Hongkong-based company, offered to take over most of the assets of the Brazilian Smaller Companies Investment Trust pic on the same day the trust scheduled a shareholder vote on whether to maintain its existing structure
        Bloomberg  -  294 words
      • Article
        TIH did not need track record
        112 18  -  LETTER TO THE EDITOR Peter Chia Peter Chia Public A/fairs Manager, Stock Exchange of Singapore WE refer to Patrick Chia's letter on "Seeking Transpac buyback" (BT, Sept 9). Transpac Industrial Holdings Ltd (TIH) applied for admission to the Official List of the Mainboard as
        112 words
      • COMPANY Briefs
        • Article
          Ipco goto nod to list rights shares
          78 18 [SINGAPORE] Infrastructure developer Ipco International said it has received in-principle approval from Stock Exchange of Singapore for the listing of its rights shares and warrants. Ipco has proposed to issue up to 31.9 million rights shares and up to 12 million warrants. The
          78 words
        • Article
          Rafiq continues to send notices to SIS
          80 18 [SINGAPORE] Raflq Jumabhoy continued to give notice that he would exercise his share options in Scotts Holdings. Mr Jumabhoy has been sending notices every day, except Sunday, to Scotts Investment Singapore (SIS) that he intended to exercise the options, the agreement of which
          80 words
        • Article
          Lock icon Indocement shares fall 6.8%
          131 18 Bloomberg [JAKARTA] Shares in PT Indocement Tunggal Prakarsa, one of Indonesia's big three cement makers, dropped 6.8 per cent on the first day the stock traded without the right to dividend shares in PT Indofood Sukses Makmur. In July, the company said it would spin off
          Bloomberg  -  131 words
        • Article
          Ossia, Ho Bee to buy London property
          92 18 OSSIA International has tied up with Ho Bee Investment to buy a Central London site for £5.03 million (5511.92 million). The property at 17-19, John Adam Street, is located in the heart of London, and comprises 12 units of newly-built two and three-bedroom
          92 words
        • Article
          First Capital clinches Bishan site
          55 18 FIRST Capital Corp yesterday announced that the HDB had on Monday accepted its tender for the lease of Land Parcel Bishan Sl2 at Sin Ming Avenue/Bright Hill Drive at a land price of 5J62.385.000. The 6,799.9 sq m site has a leasehold tenure of 99
          55 words
        • Article
          Corrections & clarifications
          59 18 Corrections clarifications A BT report yesterday gave the starting price of units in OCBC's Summerlea Green terrace project as $912,500. That is incorrect. Prices for intermediate terrace houses in the project are between $1.13 million and $1.32 million For the larger plot-sized corner units, the prices are between $1.19 million
          59 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Ford to spin off US$16b car parts business into subsidiary
        490 20 Move aimed at raising sales to non-Ford customers to 20% of tnrnover FT Bloomberg [FRANKFURT] Ford is turning its US$l6 billion (Ss24 billion) a year car components operations into a stand-alone business called Visteon. The restructuring was announced in a
        FT; Bloomberg  -  490 words
      • Article
        Lock icon S Korean chipmakers' bet on new chips may not pay off
        408 20 Bloomberg [SEOUL] South Korea's biggest semiconductor makers are placing big bets the market for the next generation of computer chips will surge more than tenfold the next two years, helping turn around sinking profits. Profits at Hyundai Electronics Industries,
        Bloomberg  -  408 words
      • Article
        Lock icon Porsche earnings more than double, powered by Boxster
        429 20 Sales in 2nd half jump 60% as model goes into fall production Bloomberg [STUTTGART, Germany] German carmaker Porsche said fiscal 1997 profit more than doubled amid strong sales of itfc fast-selling Boxster sports car. The company had a net profit of 48.1
        Bloomberg  -  429 words
      • Article, Illustration
        Lock icon IBM decides not to make version of NetPC
        282 20 It says customers don't like a machine without own processing power Bloomberg (ARMONK, New York) International Business Machines Corp has abandoned plans to make one version of a stripped-down personal computer called the NetPC, though it will offer the enhanced flexibility of
        Bloomberg; Source: Bloomberg  -  282 words
      • Article
        Lock icon Campbell to swallow up Arnotts for A$410m
        201 20 Reuter (SYDNEY] Australian biscuit maker and cultural icon Arnotts is set to be swallowed by the Campbell Soup Co, the giant US food group which first bit into it in 1985. Under a proposal announced by Arnotts yesterday, Campbell, which already holds 70
        Reuter  -  201 words
      • Article
        Lock icon Motorola, IBM target new users for Power PC chip
        493 20 NYT [SAN FRANCISCO] In the latest fallout from the troubles at Apple Computer, the company's chip partners. Motorola and IBM, said on Monday that they were refocusing the Power PC microprocessor family into new markets beyond the computer industry, towards applications
        NYT  -  493 words
      • Article
        Lock icon Philip Morris files to sell up to US$5b in debt securities
        316 20 Tobacco giant will use money to refinance debt Bloomberg [WASHINGTON] Philip Morris Cos Inc filed on Monday with the Securities and Exchange Commission to sell as much as US$5 billion (557.5 billion) in unsecured debt securities or warrants to
        Bloomberg  -  316 words
    • FOCUS: MONEY MATTERS
      • Article, Illustration
        Lock icon What next for region's embattled markets?
        1302 21  -  While many hope worst is over, they shouldn't bank on return to stable old regimes By'. Larry Wee [SINGAPORE] AFTER a third nailbiting week in which Asean currencies and stockmarkets were driven yet again to new lows for the year, the last three trading
        Compiled by BT; Source: Deutsche Morgan Grenfell  -  1,302 words
      • Article
        Dollar seen dipping against mark
        531 21  -  Signs in markets point to less upward momentum for US$ From, Neil Behrmann The writer is BT's London correspondent in London MOST foreign exchange dealers and analysts believe the US dollar will remain strong against European currencies and hold its own against the yen over
        531 words
      • Article
        TRADE RECOMMENDATIONS
        258 21  -  By NatWest Markets Regional Currencies Singapore dollar: The unit is unlikely to weaken beyond 1.55-1.60 as regional authorities gradually realise that caps on capital outflows only trigger more flight. The 1.52 mark against the US dollar would be a good level to establish long Sing dollar positions. Malaysian
        258 words
      • Article
        THE WEEK AHEAD
        258 21  -  Compiled by Larry Wee United States Friday: August producer price index expected to come in stronger after seven months of dips, on the back of higher oil prices. After last month's -0.1 per cent in PPI and PPI (ex-food and energy), this month's estimates vary from +0.2
        258 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon BZW Asia to focus on fixed income business
        542 22  -  New man at the helm plans to raise head count to focus on the debt side By\ ShivTaneja [SINGAPORE] Building a fixed-income business is the No 1 priority of Martin Dooney, the new head of markets at BZW Asia, the investment banking
        ARTHUR LEE  -  542 words
      • Article
        Lock icon Chase sued for denying benefits to mentally ill workers
        263 22 Reuter, Bloomberg [NEW YORK] The Equal Employment Opportunity Commission (EEOC) sued Chase Manhattan Corp on Monday, alleging that the nation's largest bank discriminated against bank workers with mental illnesses. The suit, filed in US District Court, was the among first of
        Reuter,; Bloomberg  -  263 words
      • Article
        Lock icon Insurers expand into new products to tap capital markets
        425 22 Demand on the rise for products like securitised risk bonds Reuter [NEW YORK] The global insurance industry, responding in part to competition from Wall Street, is stepping up its efforts to create and market new financial products that tap the capital
        Reuter  -  425 words
      • Article
        Lock icon Charles Schwab in deal to help three firms underwrite IPOs
        342 22 NYT [NEW YORK] Charles Schwab Co, the US' largest discount brokerage firm, said on Monday that it had signed a deal with three Wall Street firms to help them underwrite public stock offerings, a move that thrusts Schwab into a
        NYT  -  342 words
      • Article
        Lock icon Euroyen, JGBs well supported
        151 22 SOKEXReport Reuter (SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures came off their highs yesterday but dealers said the market remained well supported at its base. They said talk that Japanese city banks were looking to sell interest rate swaps weighed on Euroyen futures. "There
        Reuter  -  151 words
      • Article
        Futures weaken then recover in mid-session
        157 22  -  MSCI TAIWAN FUTURES By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd (SINGAPORE) The Simex MSCI Taiwan Index futures contract encountered early weakness at the opening. The September 1997 contract rallied mid-session as the cash index recovered from a low of 9.002.89 to
        157 words
      • Article
        Lock icon Oil prices down ahead of UN meeting
        354 22 ENERGY REPORT Reuter (LONDON) Oil prices eased on Monday ahead of a key UN Security Council meeting this week which is expected to determine how much oil Iraq is permitted to sell over the next three months. The UN Security Council was to
        Reuter  -  354 words
      • Article, Illustration
        Untitled
        1505 22 INTERBANK CROSS RATES Se I )tli AS C$ Bwb ECU ffr Dm HK$ Ind »s Bupnh Yen Woo MS Hl% P* »s Ptso S$ Rand Sfr NTS Baht Pound US$ Australia 1010 6178 0 673 4.439 1320 5658 26.753 ***** 0.069 6.640 2.115 1.146 29.653 22.826 1096 3.432 1.083 20.903
        1,505 words
      • Article
        Lock icon Credit Lyonnais to offer film tickets next to ATMs
        251 22 FT [PARIS] Credit Lyonnais. the French state-owned bank which once reluctantly found itself running the MGM film studios, is taking a small part in the movies again. Senior executives of the bank are looking at the sale of cinema tickets and
        FT  -  251 words
      • Article
        Lock icon CURRENCY REPORT
        257 22 Reuter London THE US dollar fell against the yen yesterday morning, as dealers predicted an upturn in hostilities between Japan and the United States over the former's trade surplus. The US dollar fell to 119.07 yen here from 121.04 late Monday and 120.81 in Tokyo. Against the mark,
        Reuter  -  257 words
    • Article
      COMMODITY PRICES
      1868 23 SICOM FUTURES Sept9 RUBBER (futures dosing at at 5.30pm) RSSI CONTRACTU cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Oct 97 134.25 1425 Nov 97 137.50 1550 Dec 97 142.00 140.00 140.00 100 1950 Jan/Mar 98 146.00 5985 Apr/Jun 98 152.00 151.50 152.00 900 ***** Jul/Sep
      1,868 words
    • Article
      Lock icon TOKYO
      1650 23 AFP PjßfaiaS *«J1 JAPANESE share prices closed 0.3 per cent higher yesterday with the Nikkei stock average supported by futures-led buying coupled with scattered bargain hunting, brokers said. Share prices were buoyed by futures and public fund purchases after a soft opening, brokers said. The market was sold to
      AFP  -  1,650 words
    • Article
      WORLD STOCK MARKETS
      2294 23 LONDON Industrials Sept 9 P«wt *h AS Ports 292.400 -1 Abbey National 860 -6 Allied Domecq 468 -4 Amec 140.400 -t Asda Croup 143.400 -1 BAT Ind 526.400 -1.600 BG Pic 269 -4 BICC 161.400 2 400 BOC Group 1044.400 11.600 BR Petroleum 685 -230 BTR 214
      2,294 words
    • Article, Illustration
      Lock icon HONGKONG
      1604 24 Reuter f% Hang Seng +190J7 HONGKONG stocks closed higher yesterday as sentiment improved on steadier markets in the US and the region, but trading was dominated by redchips and H-shares that outperformed the market to end sharply up. The Hang Seng Index closed 190.17 points, or 1.28 per cent,
      Reuter  -  1,604 words
    • Article, Illustration
      Lock icon CHINA
      656 24 Reuter CI Shenzhen B Index -OJ2 SHENZHEN'S hard currency B Share Index closed slightly lower yesterday despite the strong gains of its Shanghai counterpart, brokers said. The Shenzhen B Index inched down 0.12 points or 0.09 per cent to 138.41, with turnover remaining thin at HK$35 million against Monday's
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  656 words
    • Article
      Lock icon TAIPEI
      378 24 AFP wp Index -6953 THE Taiwan stock market slid 0.8 per cent yesterday due to a lack of confidence among investors, brokers said. "Given the market's recent weak performance, more investors retreated to the sidelines or sought to reduce shareholdings," said Angela Huang of Taiwan International Investment Management. The
      AFP  -  378 words
    • Article
      Lock icon WELLINGTON
      262 24 AFP SHARE prices on the New Zealand Stock Exchange climbed 0.6 per cent yesterday. The key NZSE-40 Index rose 15.46 points to 2,478.13 while turnover on the bourse totalled NZ$9l.l million. AFP S«rt« i» (000) ANZ Banking "48 0 16 ***** Advantages Mldos 0 88 -O.Ot 9400 Atr Ne*
      AFP  -  262 words
    • Article, Illustration
      Lock icon BANGKOK
      825 24 AFP SET Into -7.29 THAI share prices dropped 1.3 per cent yesterday on profittaking in blue-chip stocks after sharp gains the previous day, analysts said. "Investors were taking profit after the recent SET surge, but I think the trend is still generally positive, with a stronger baht and improvement
      AFP  -  825 words
    • Article
      Lock icon SEOUL
      415 24 AFP Q Composite Index -9.01 SHARE prices closed 1.3 per cent lower yesterday on the Korea Stock Exchange with sentiment undermined by Jinro Group's bankruptcy, dealers said. After closing off its lows in the morning session on short covering, the market suffered increasing sell-offs in the afternoon, they said.
      AFP  -  415 words
    • Article
      Lock icon SYDNEY
      600 24 AFP PI All Ordinaries *1&3 AUSTRALIAN share prices rose 0.7 per cent yesterday, with blue-chip stocks leading the way. The Australian Stock Exchange's main indicator, the All Ordinaries Index, rose 18.3 points to 2,674.5. The All Industrials Index gained 27.8 points to 4,323.7, while the All Resources Index climbed
      AFP  -  600 words
    • Article, Illustration
      Lock icon JAKARTA
      753 24 Bloomberg AFP n Composite Index -131 SHARE prices closed 0.4 per cent lower yesterday in volatile trade as mixed reactions greeted the central bank's move to further lower the rate of its treasury certificates, dealers said. The Jakarta Stock Exchange Composite Index closed down 2.31 points at 598.00 points.
      Bloomberg; AFP  -  753 words
    • Article
      Lock icon MANILA
      323 24 AFP Q Manila +122^8 PHILIPPINE share prices surged 5.8 per cent yesterday on a strengthening peso and easing interest rates. The Philippine Stock Exchange Composite Index closed 122.28 points firmer at 2,228.86. Turnover totalled 4.76 billion shares worth 3.01 billion pesos compared to the previous day's 2.85 billion shares
      AFP  -  323 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Late buying support boosts index
        583 25 AFP f% Composite Index *9.04 MALAYSIA'S key stock index rose one per cent yesterday in heavy, volatile trade with foreign and local investors providing late buying support, dealers said. "Some European funds were in the market in late trade along with local funds," a dealer
        AFP  -  583 words
      • Article
        Untitled
        8591 25 INDUSTRIALS Consumer products 1997 Last VoJ Oay Net C»p High Low Company Salt 'OOP L— P/K $n>M 790 400 Ajinomoto 472 uncj J 472 472 26.1 >913 448 231 Anqkasa 286 -9 77 300 280 8.5 <21? 905 370 Apollo Food Hlg 560 10 62 580 535 16.3 224.0 765
        8,591 words
    • WARRANTS & OPTIONS
      • Article
        Guthrie warrant will suit risk-averse investors nicely
        182 26  -  WARRANT WATCH By\ R Sivanithy IF PROPERTY and engineering group Guthrie GTS manages to keep up the 175 per cent jump in its interim earnings to $11.5 million, one of the ways to capitalise on this recovery would be via its warrants which
        182 words
      • Article
        Untitled
        3651 26 BONOS, LOANS WARRANTS m 1997 Last Vol Day t»l« Ouota Avg Mi<jh Low St no Company Mi *w COOO) High Low Buyer M— 68 30.5 m 3000 m AMOB c5.5%*****6 31 31 38 81 41.5 3160 "Acer ******1USS 58.5 -1.5 29 59.5 57.5 58 59.5 131 43 3164 Acma ******4
        3,651 words
    • Article
      CLOB INTERNATIONAL
      2480 26 MALAYSIAN STOCKS Gr Or 1997 Last Vo4 Day Last Quote Mv Mv YM Net M Cap High Low Stno Company Sa4a COOP) High Low Buyer Seller C'yr P/C Smtl 478 147 m 5000 AIS8 SOc 238 *16 1014 246 218 238 240 5.0 4.9 0.5 54.1 244.1 137
      2,480 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1880 27 TURNOVER COOO) VALUE COOO) Main Cla» Total Main Clot Total Industrial 135,951 138.135 274.067 260.516 178.796 447.312 Financa 13.917 52.680 66.597 112.316 106.134 218.450 Hotels 2858 6.514 9.372 6.642 8.150 14.792 Prooortios 15.808 34.893 50,701 86.157 34,168 120.325 Plantation 8.415 8.415 13.427 13,427 Mining 1,215 1.215 2.250 2.250 SLW 13,778
        1,880 words
      • Article
        MAIN BOARD
        5299 27 Or Gr M W« 1997 Last Vol Oay Last Oust* Otv Wv Vld Nat Cap A»g High Low StNo Company 1*0001 HM» Lw t"W W W >*» INDUSTRIALS 157 83 e 1020 ACE Dynamics60c 90 -1.5 100 94 89 90 92 .9.1 73.7 90 5146 ASE NT$***** US-
        5,299 words
      • Article
        SESDAQ
        1241 27 Or Cr m ort 1997 Last Vol Day Last Oust* Olv Olv *M N*« C*» At* Hk|K Lm StNo Company tat* COOOI HI9I1 Law •vyar MMr C'w Pft Smtl Met SCSDAO 186 76 a 2000 A8RMfd9*Sc 133 SUSP 3.0 60 0.1 190.0 59.2 110 412 144 a 2049 AS
        1,241 words
      • Article, Illustration
        HOT STOCK
        66 28  -  by! Shiv Taneja SHOW PI A ASIA closed three US cents higher yesterday at U550,295 on a volume of 11.05 million shares, compared with its lOday traded average of 1.9 million shares. The stock is likely to trade sideways with a negative bias in the near term, but
        66 words
      • Article
        Untitled
        227 28 Stocks Va*»0 •Rekapacific Bh 39,510,000 Asm Food&Prop 27,662,000 *Bhuv3 Grouo 19,605,000 •RH8 Cap Wt99..." 17,974,000 Hotunq Inv MT5 16,942,000 •Pub Bk Foreign 13,409,000 *MBf Capital 11,357.000 Showpta 25c 11,056,000 'Magnum Corp50c 10,206,000 Wing RCPS5.25 10,000,000 Stacks •Rekapacific Bh 40,266,990 SIA Foreign 38,787,694 UOB Foreign 34,654,205 •Rashid Hussain 32,456,060 City Dev
        227 words
      • Article, Illustration
        Foreign funds said to be raising S'pore weightings
        665 28  -  STOCK MARKET COMMENTARY Property stocks, Foreign tranches of bine chips snrge on solid rise in Jnly manufacturing ontpnt R Sivanithy [SINGAPOREJ Local shares managed a sixth consecutive rise yesterday, as demand for property stocks and the Foreign tranches of blue chips increased
        665 words
      • ON THE GRAPEVINE
        • Article
          An informal circuit breaker?
          92 28 AFTER an early surge in the Malaysian stock market yesterday, brokers reported a sudden slowing down in the KLSE's trading system, with orders taking two-to-three minutes to be fulfilled. It seems that this led to players reassessing their positions and put a cap on the market's
          92 words
        • Article
          Deja vu
          115 28 THE remarkable bull run in US equities continues. But a few analysts are sticking their necks out in pronouncing that Wall Street looks vulnerable to a major sell-off. Brian Madden, managing director of ANZ Securities, offered these sober statistics at a seminar in Singapore early this week. At
          115 words
        • Article
          S'pore's most profitable broker
          110 28 UNLISTED Phillip Securities was the most profitable stockbroking firm in Singapore for the financial years 1994/95 and 1995/96, according to a survey by KPMG Peat Marwick Management Consultants. Phillip, controlled by financial entrepreneur Lim Hua Min, reported a profit after tax of $44 million for the
          110 words
        • Article
          HSBC Futures was top Simex member
          74 28 KPMG Peat Marwick also did a similar survey for corporate clearing members of the Singapore International Monetary Exchange (Simex) and found HSBC Futures (Singapore) topping the league table in net profits. The subsidiary of the Hongkongßank group reported a net profit of $6.2 million
          74 words
        • Article
          Name change
          76 28 LOCALLY-based fund manager John Govett Asia is changing its name to AIB Govett Asia, in line with the establishment of "AIB Govett" as the corporate identity for the asset management business of the Allied Irish Banks (AIB) group. Last year, AIB took over the John Govett group. In
          76 words
        • Article
          Singapore's tallest sauna?
          135 28 AS IF this persistent haze is not enough, tenants in the 66-storey Republic Plaza reported for work yesterday morning only to find that the air-conditioning system was down for almost the entire office block. Even the exclusive environs of the Tower Club were not spared from the
          135 words
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      Page 17 Advertisements Column 1
      105 17 jA A company's strength lies in the Backbone of its staff. The Alpha AP 5460 can be ad- tall can enjoy perfect posture, justed to suit all body heights and sitting becomes a pleasure, and working positions. The Dauphin Syncro-Balanca fea- Dauphin (S.E.A.) Pto Ltd 52 Genting Lane, Office 007-02,
      105 words
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      Page 18 Advertisements Column 1
      135 18 t The Leading Edge in Asia Pacific This announcement appears as a matter of record only Corporation Keppel Corporation Limited Incorporated with limited liability m the Republic of Singapore) Offering of 350,000 2 per cent. Redeemable Convertible Cumulative Preference Shares 2002 Issue Price: US$l,OOO per Preference Share Global Coordinator Robert
      135 words
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      Page 19 Advertisements Column 1
      156 19 >*4 S il'' V/ V>* Kaffir '->'v- A./j^l'^V'y'/- f '!p'/K'l-.V,- i •■'<;-U?-^ L •->" *</ v. V A'A v' i< yT ".fV lj *>,'» f "i *i -.*v-%' i) t 1-: V >' f■r t it ji**/ \i > 1 1^v Ll^'y>''-' "^4^' Pf-,;"V 1 A :> i 'V ;i
      156 words
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      Page 20 Advertisements Column 1
      148 20 QUALITY INVESTMENT Adelaide's most prominent retail corner 1 Located in arguably Australia's finest retailing precinct, 66 70 Rundle Mall occupies the most dominant corner position along Rundle Mall Extensive frontages to Rundle Mall Gawler Place Site area of 1.337 square metres (approx) The building comprises basement, ground and seven upper
      148 words
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      Page 20 Advertisements Column 2
      233 20 H REUTER BMW gets back on the track [FRANKFURT] Karlheinz Kalbfell (right), chief executive of the motorsport division of German car manufacturer BMW, and former Brazilian Formula One champion Nelson Piquet posing for photographers at the Frankfurt International Car Show on Monday. The two announced the return of BMW as
      233 words
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      Page 21 Advertisements Column 1
      104 21 ■Jr WAwLm i wiIIIM o It is a seminar you must attend. So sign up now! For further information on the seminar or Property Review, please contact Patrina Chew or Claudine Ho at Tel: (65) 323 1119. Otherwise, please fill in the following coupon and fax to us at (65)
      104 words
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      Page 24 Advertisements Column 1
      81 24 isi ii|' a it TRADING ROOM FURNITURE —s 1 ■H J II waa/mgm' <rf Our dealing and broking workstations are Mil MBF Bl HI I designed and manufactured in the UK by DAS ■ir 1 BBS 1* f BSSSBSj be— j j» mmi Specialist Business Furniture, the fastest I: —■NgJ
      81 words
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      Page 25 Advertisements Column 1
      49 25 If you're in the business of providins car care products and services, car accessories and other related services, advertise in Vroom Groom a special focus of The Straits Times Classified on 17 September, and reach out to car owners. _-<* Page Florence Long at 9202-4890 for advertisement bookings now. [catsJ
      49 words
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      Page 26 Advertisements Column 1
      137 26 WORLD BUSINESS CLAS I'm in a business where time is of the essence 4 So the global netwoik of Northwest Airlines and KLM because wherever in the world I J want to go they're there to take me In the US, a M Northwest's domestic network saves me time on
      137 words
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      Page 27 Advertisements Column 1
      49 27 J f IA wholly owned subadary of DCKSON CONCEPTS (INTERNATIONAL) LIMITED) jj*l jjjjfl 391 A Orchard Road Ngee Ann City #17-06 Singapore *****3 ,'jj i p Available at: DICKSON WATCH JEWELLERY The Promenade, Centrepoint. Suntec City. HERMES BOUTIQUE Liat Tower, Daimaru. Takashimaya. Also available at all leading authorised dealers.
      49 words
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      Page 27 Advertisements Column 2
      11 27 Buy It. Sell It. Find It. Classified, fsj r r IMO/VHM
      11 words
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      Page 28 Advertisements Column 1
      476 28 vcasoKßßS Notices IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR /-y, (COMMERCIAL DIVISION) riVII SI IT NO; D3-22-673-M In th« matter of the Intended Action by the Intended Plaintiff And In the matter of the Rules of High Court, 1980 BETWEEN ASEAMBANKERS MALAYSIA (BERHAD) (also acting as Manager and
      476 words
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      Page 28 Advertisements Column 2
      362 28 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 218 of M 7 In the matter of Companies Act (Chapter 50) 1994 Revised Ed And In the matter of ART BOOKS PTE LTD (RC No: *****2713W) ADVERTISEMENT OF PETITIQM NOTICE is hereby given that a petition
      362 words
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      Page 28 Advertisements Column 3
      627 28 To advertise call toll-free 1800-741 1883 In the Matter of The Companies Act. Cap. 50 And In the Matter of CHEMPAKA PTE. LTD. (In Members' Voluntary Liquidation i At an Extraordinary General Meeting of members of CHEMPAKA PTE LTD. duly convened and held at 9 Penang Road #13-21 Park Mall.
      627 words
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      Page 28 Advertisements Column 4
      46 28 Get Your Copy of Theßusin|SsTimes at: (S Cold Storage IV9| sassm-jim M©bilMart Select m (flffii) Tiger Mart la&nI Also available: TheStraitsHmes 3% BeritaHarian <sll)ljj)'S(!P!l<sT •isa#- S3 "5 The Sunday Times Alihggu HERWORLD business 55E515 HOME&DECOR fl| Vfel AmP Singapore Press Holdings Circulation Department, Newspaper Services Division
      46 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      299 29 Knight Ridder, Reuter THE rate on the key US Gulf to Japan grain run fell US$l.25 with Cargill paying U5523.00 without combination port discharge for end September shipment. Panamax levels in the east have also dropped with several ships in ballast in the area and not enough business.
      Knight Ridder,; Reuter  -  299 words
    • Article
      MARITIME STOCKS
      244 29 M CWTDW *0-03 14 Clwan Hup 0.905 MX005 2* Cotco inv 1.01 -0.04 40 FraW* LMll 0.40 -0.009 77 GB Ko4dtngi 0.63 ♦O.OJ 4 H4I Sun Hup 0 965 ♦0.01 293 HM«2nM 0.63 uncfi 93 IMCIIatOnti MK9.60 Jay* HoMtnqs 0.76 -0.02 29 Jurono Shipyard—6.70 «Kft 10 Haapat Corp
      244 words
    • Article
      Aussie stand on STCW costing seafarers jobs
      473 29  -  Attitudes of some flag states may lead to collapse of convention, warns shipm&nager From David Hughes in London AUSTRALIA'S approach towards implementing the revised Standards of Training, Certification and Watchkeeping (STCW) Convention and its policy of not issuing seamen's identity documents have cost
      473 words
    • Article, Illustration
      Lock icon Kuantan port's box volume soars
      251 29 MBT [KUANTAN] The Port of Kuantan on the Malaysian east coast has reported an 82.4 per cent rise in container handling for the first half of this year to 25,115 TEUs (20-foot equivalent units) from the 13,768 TEUs reported during the same period last year.
      MBT  -  251 words
    • Article
      Shipowners facing many practical problems over STCW
      716 29  -  STRAIT TALK By Seafarer [LONDONI THE shipping industry is going through massive changes, with the implementation of the International Safety Management (ISM) Code and the revised Standards of Training, Certification and Watchkeeping (STCW) Convention being two of the more important ones. The International
      716 words
    • Article
      Lock icon Japan wary of seeking talks with US on port row
      309 29 Tokyo waiting for response to request for halt in sanctions: transport minister Reuter [TOKYO] Transport Minister Makoto Koga told a press conference yesterday that Japan is cautious about seeking governmental talks with the US to halt US sanctions on Japanese
      Reuter  -  309 words
    • Article
      Up to Australian port users to make changes now
      460 29  -  Govt's role in waterfront reforms over, says chamber of commerce report From. Jerzy Farynski in Sydney THE days of the government playing a direct role on the Australia waterfront are well and truly over, according to a report from the Australian
      460 words
    • Article, Illustration
      Lock icon Grand designs for the future
      925 30 PANAMA CANAL Panama aims to be a maritime hub by developing land beside the canal, which the US will transfer to its control in 1999 Journal of Commerce Armed with an ambitious development plan and the help of foreign investors, Panama, a country of few
      Journal of Commerce; Source: The Journal of Commerce  -  925 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      382 30 PAGE Famous 7 ACL 13 F n ANL 3 foonqSun 8 Abie 13 FroU 13 Accord 8 u Ahreokiet 13 Appenship 5 6 4 Astro 3 G m trim 16 Austral 9 Geflsh *> 9 Avant 6 Gl0f > N4v 13 B'tang Mas
      382 words
    • Article
      SHIPPING GUIDE
      15271 38 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Nam* Nam* Number Number SIN Dest'n Name Name Number Number 12/09 23/01 PIL BUNCA TERASEK 257 45-32*113 A 12/09 09/10 Pit BUNCA TERASEK 257 T« ARID IAN (ABJ) 2003 13/01 24/01 NL
      15,271 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        609 45 Vessel Voy No Brth Arrival Oapartura Imtmmt 197 J""*' JOS alongside 10.09/0600 Artie dolphin 10/97 JOS "£X2? Ayvi Manna 1099 J08 ilongside 9atam Mah *377 JOT M OT/2300 Bt Afrizal Sep9 J01 alongside 10.09/0800 BtlesaaJem 1A0997 J01 alongside 09.09/T700 Bt LH2 22 *****7 J01 alongside 09.09/1800 Bt PU
        609 words
      • Article
        CONTAINER SCHEDULES
        1732 45 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Booklng/Baianct Rstls Ship Voy Mo Etb/Btr Ported From To From in i oantor 02 8 A 12/0200 1* 01/1500 01/1*51 01/H00 09/1500 01/1*51 OO/HOO u ovitoo mm n/owo it 01/1700 10/0*51 <0/0900 3 n/oroo n/nsi KWtoo 4 10/1200 n/US1 10/1700
        1,732 words
      • Article
        GLOBAL HOLIDAY
        193 45 Sept 11 Pakistan: Quaid's Anniversary. Spain Holiday in Catalonia, Catalan National Day. Sept 15 Japan: Respect for the Aged Day. Slovakia Feast of Sorrowful Virgin Mary. South Korea Chusok (Thanksgiving). sept ie Hong Kong: Chinese Mid Autumn Festival. Taiwan: Mid Autumn Moon Festival. Mexico: Independence Day. Sri Lanka
        193 words
      • Article
        COCKETT BUNKER MARKET REPORT
        837 45 THIS report, complied by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are baaed on averagesized stem Market movements are indicat ed The Cockett Bunker Price Index change and the
        837 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        464 45 Urtxxt ISO Mm 990.1 0.9 15.4 0.06 59 0.04 Scat 4 DMSttY Itotof IhUm Ask Aluminium MhM«t No »bow E25 0 0 1 0 0 0 ZZZT 380 Aw 985 8 0.3 12.7 0.06 32 0.02 iSS. 380 Mm 994.0 0.8 17.7 0.09 51 0.07 WW!
        464 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon S-E Asian carriers to gain from currency crisis
        644 46 In the short term, they will enjoy a boost in revenues as they are denominated in foreign currencies: analysts Reuter [SINGAPORE] South-east Asian airlines should reap benefits from the plunge in their national currencies against the US dollar in the short term,
        Reuter; FILE PHOTO  -  644 words
      • Article
        Lock icon Lufthansa plans new sales strategy to save 250m marks
        262 46 Bloomberg [FRANKFURT] Deutsche Lufthansa AG said it plans to save about 250 million Deutschemarks (*****.2 million) in the next three years by adopting a new sales strategy as Germany's national airline feels increased competition. "The sales landscape is currently in a
        Bloomberg  -  262 words
      • Article, Illustration
        Lock icon BMW teams up to return to Formula One racing in 2000
        353 46  -  From Christopher Tan in Frankfurt THE 57th International Motor Show opened to the press here yesterday with news that BMW Ag would return to Formula One racing in the year 2000. BMW's last involvement in the glamorous but extremely
        REUTER  -  353 words
      • Article
        Lock icon MAS to use B777 on premier regional routes
        328 46 Bigger capacity needed to cope with traffic increases Bernama [SEATTLE] Malaysia Airlines (MAS) plans to use newly-de-livered Boeing 777-300 to upgrade capacity of its premier routes regionally. MAS executive vice-presi-dent Bashir Ahmad said that the airline had to upgrade its aircraft size
        Bernama  -  328 words
      • Article
        Lock icon Eurotunnel traffic higher in August
        222 46 AFP [LONDON] Eurotunnel pic said that car and bus traffic under the English Channel continued to rise in August, the third month after a return to normal service following a fire in the tunnel in November. Traffic on Le Shuttle was up 25 per cent
        AFP  -  222 words
      • LOG Book
        • Article
          Lock icon Saudia plane catches fire
          76 46 AFP [RIYADH] A fire broke out aboard a Saudi Arabian Airlines Boeing 737 as the aircraft took off from Najran in south-western Saudi Arabia over the weekend, witnesses said. There were no casualties, they added. The fire occurred in one of the engines erf the plane,
          AFP  -  76 words
        • Article
          Lock icon JAL unit considers joint hotel project
          75 46 AFX-Asia [TOKYO] Japan Airlines Co Ltd said its unit JAL Hotels Co Ltd and Hokkaido Railway Co are considering a hotel project in central Sapporo. JAL holds a 67.1 per cent stake in JAL Hotels. The Nihon Keizai said JAL Hotels and Hokkaido Railway
          AFX-Asia  -  75 words
        • Article
          Lock icon Moscow route may hart CAL's profit
          87 46 Bloomberg [TAIPEI] China Airlines, Taiwan's largest airline, will soon launch flights to Moscow after the aviation agreement between Taiwan and Russia took effect late last week. Analysts said the new route could hurt China Airlines earnings because Taiwan hasn't obtained the rights to connect
          Bloomberg  -  87 words
      • Article
        Lock icon Schiphol airport may close runway due to noise ruling
        296 46 Reuter [AMSTERDAM] Amsterdam's Schiphol airport said it may have to close one of its four runways during peak times in order to stay within legal noise limits. Europe's fourth biggest airport has already imposed a night ban on wide-bodied aircraft. The
        Reuter  -  296 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1575 46 CITY FLIGHT ETA fUCHT ETD ld«L»ld« S0230 1830 Nflt Y»l MI893 MI5 TG408 0420 TS407 2105 gN 1040 MliM AW 1335 AY* 2135 Aawtartain SO327 0750 KL838 2300 —cmra mxT GA893 1205 SO328 2330 SO»77 *55 —S0978 «20 U.837 1455 No CM MMi VH741 1310 VH742
        1,575 words
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      21 29 Panama flawal; Grand designs for the future Panama aims to be maritime hub by developing land beside the canal. Page 2
      21 words
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      Page 29 Advertisements Column 2
      54 29 S-E Asian carriers to gain from currency crisis In the short term, they will enjoy a boost in revenues. Back Page We can ship your cargo in the world. Hj^^H "<>>■*• B\ >W V <*•.. V i\ 111 ju ji FAMOUS FREIGHT zlr FORWARDING (S) PTE LTD Tel: 224 1833
      54 words
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      1222 30 1 north america i export 1 I other destinations 1 DtRECT TO WEST COAST WEST COAST OF CENTRAL AMERICA (MARQARTTA SERVICE} Vfssa VOT rasw Irrosw I H Oil W W Ml OK It mcoorr vroa !w~ m ruwrmljawu WUUBU Hmmimmi ImuMwra" mumobc CHESAPEAKE MY 10C537 10/09 11/09 26/09 20/09 30/09
      1,222 words
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      Page 30 Advertisements Column 2
      681 30 Ljr 4 services representee u ft#9k\\ by Members ot the Registry ot Membera o» the liigll/ AccnxMed Shipping Agents. Singapore Fright Forwarders National Shipping Assoc Association o^wmM Speedy 3 and Quality V cMaimjfi/ Service to T EXPORT 3 x Japan -2 x Hongkong •1 x Manila •1 x Kaashiung, Hoping
      681 words
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      1019 31 TO EUROPE FROM EUROPE VOY SIN RTM HAM MV SOU IflT fvKSa VOY IT* HAM MY SOU LiH KG Sm~ NEDUOYD OCIANIA 5347 11/09 01/10 30/09 04/10 OOQMOK *347 11/0# 19.04 23 04 10/00 OOd SINGAPORE 1347 12/09 21/09 30/09 03/10 04/10 MAAS 2357 24/04 24/04 29/01 30/01 14/09 HJNGA
      1,019 words
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      Page 31 Advertisements Column 2
      2142 31 OHANJIN SHIPPING I I II I ll™ CANADA* lukmw/vot Im I a sa m m mr lot Iwr oa |wt liw mu» oos I wrc <m rvt I m rn m rre~ H «tnm»Mr.Qyt U/00 11/00 01/10 04/10 03/10 OS/IO 05/10 07/10 04/10 07/10 W/10 07/10 07/10 10/10 _W/10_ 04/10_
      2,142 words
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      Page 31 Advertisements Column 3
      107 31 ORIENT EXPRESS UNES (U.K.) LIMITED OHL. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VfSStt VOY SINGAPORE tOMBAY VfSStl VOY IQMiAY SINGAPORE NORDKAP 416 12/09 21/09 NORDKAP 415 03/09 12/09 ALBERT BRIDGE 004 15/09 24/09 ALBERT BRIDGE 003 06/09 15/09 JUTHA PARICHART 007 19/09 27/09 JUTHA PARICHART 006 10/09
      107 words
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      Page 32 Advertisements Column 1
      1436 32 <CT DSR-SEHA TOR Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT I RZ |t m lam I >MT I IRV I HAM lax |u«* I VESSEL IvOY IHA IfU WTM W.. Mj_ Jfi_ CHCYANG SUCCISS fETJ. 17 0* IIM T966 2111 22M 14 HONGKCMG SENATOR Wf7« 12 S Mil
      1,436 words
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      Page 32 Advertisements Column 2
      1139 32 IMOR/VSIAI UU| I NOR SINGA 9735-3 11W 2&D9 24/00 07/10 08/10 04/10 01/10 02/10 03/10 01/10 I I MSC JASMINE 0736-3 IMM 06/10 o*lo WO 15/10 IMO IM| IVIO 12/10 10/10 I NOR KIEL 0737-3 2509 IOTIO 12/10 21/10 22/10 11/10 2VIO 16/10 17/10 IMO I I MSC SOPHIE 0730-3
      1,139 words
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      Page 32 Advertisements Column 3
      564 32 LINE Sy TIL* ***** M FAXi 2291*37 1 MUARA 1 LABUAN "1 vrmi vor no n* vissa voy no iu SPORE MUARA SPOit UN aprr glory rm/v su> 12/09 imoon vrn/v su> 11/09 J PROSPER V2II/97 14/09 17/09 JPROSPB V2II/97 14/09 11/09 APRR GLORY V23E/97 11/ Of 21/09 APRIGUJRY V2X/97
      564 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      1275 33 fIJSi 3Si 11 >111 Wii JI ifjClillMMiLiFMWlk [VESSEL VOY I SIN 1 BKK I POU I PKQ I PgN I BLW I SUB BA BIK IRAN TAKHTI PJ4.-1249 28/08 08/ 24/0® IRAN VAHOAT PJL-1253 04/09 31/08 7/ofl Q l IRAN QHEYAMAT PJL-1248 31/07 07/08 02/08 18/ OB APPFPTING FULL CONTAINER
      1,275 words
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      Page 33 Advertisements Column 2
      1610 33 CARM TO/FROM 1 SNEKOII HUAN6MI I WiiKLY PltlCT SAIUM# J I SINGAPORE'S GENCRAI AGENTS: 6 SHEMTOH WAY TIL 226 1900 FAX: *****08 OUTWARD (l/l) I I COSTAR SHIPPING PTE LTD oi7-08Disiu>G saus/ikgs *****41/43 inward DCfT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD I CRWO: **********0 M TOWER TWO (*****9)
      1,610 words
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      Page 33 Advertisements Column 3
      353 33 (TT\ PDZ LINES SDN BHD jgYw TONGJOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 KUCHIMB-FASTtST TtAKSIT/1 MUAMA-MIOKITY tIKTH /j H0 CHI MINHDiDICATEDA GINA ***** 12/09 GITOHG 9731 13/09 «MKX 9725 14/09 GIHUAT 9701 14/09 HUI TRADER 9707 15/09 GWOOI 9724
      353 words
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      Page 34 Advertisements Column 1
      1283 34 EUROPEAJK/SCANQIMAVIA/FINLAND/RU>SIA SGP RDM ANW HBO THP ZEE LHV LMV THP ROM AMW HRG PHI SOP I REWARD RW 025 13AM 03/10 OWIO 04/10 06/10 07/10 01/10 E GLAMOUR RE 052 17/01 19AM ISAM 10AM 21/00 ISAM I«AM I RIGHT RW-030 20/1 M 10TI0 16/10 11/10 13/10 14/10 15/10 E GARLAND
      1,283 words
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      Page 34 Advertisements Column 2
      1239 34 lixpomt VESSU VOTAGI SGP DM JRA AM DMN MM KWT Ml WISH VOTAGI Ml JH IN DM IW W I UN AHEAD 047?001W 11/09 71/W 71/W 72/W 73/W 24/W 74/W 74/W UMUHU *****01E 31/01 31/00 01 AH 07/W 03/W IS/W DM CONCEIT 04/3 037* 11/W 21/W TtM Jl/W 10/W 01/10
      1,239 words
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      Page 34 Advertisements Column 3
      469 34 Pfa. NANTAI LINE FULLY CONTAINIRISID SIRVKI TO MAURITIUS SOUTH AFRICA VESSEL I VOT I SW I PUJ I OUR CW~ mmro pits is/w 30/w 04/10 mnAiyaus 027s 77/w as/10 10/10 14/10 NOW 0 ITS 04/10 13/10 17/10 71/10 mtmroiigss pits 13/10 01/11 n/10 mmiQuta 023s 20/10 yw 01/11 05/11 Wmi
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      Page 35 Advertisements Column 1
      744 35 BSA ill Jli m Ml MYANMA «BBk FIVE STAR LINE (Myonmar National Lint) loading for Yangon (Rangoon) vkhi voy sm pro pin poi cm SHwt haw rn su> PATWIN 143 IN PI MALAYSIA AGfNTS: OOUSTIAD SHIPPIMG AGCNCICS KUL TU 02-03-*****00 P*L TIL 02-03-*****01 Kit HI 02-04-*****02 PGO: Til 02-07-*****21/4 BANK
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      Page 35 Advertisements Column 2
      1139 35 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 iTCDU« M7W Trw 01/10 02A0 04/10 04/10 07/10 Hi COBMOOORI 300W 21/09 00/10 09/10 11/10 11/10 11/10 14/10 HSAI 300W 20/09 15/10 11/10 10/10 10/10 10/10 11/10 HY AOMIRAI jjfW 21/10 »/IO 15/10 25/'0 "Zl® EASTBOUND TO FAR EAST VOY
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      Page 35 Advertisements Column 3
      582 35 (j& FAMOUS CONTAINER UNES /ICS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 JJT HOT LINE: *****33 (30 LINES) WEB PAGE AOORESS: www.famslß.cooi.sg E-MAIL ADDRESS: admhi@famia.CMMf DAILY SAILING TO ATTRACTIVE RATES! CALL IVY FOR BOOKING *****33 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 CWT
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      Page 36 Advertisements Column 1
      1028 36 BANGKOK/LAEM CHABANO JAKABTA/PANJAWO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN NANTA BHUM" 3SBN In Pt 13/09 14/09 XETHA BHUM 214S 11/09 13/09 SRISAMUT SRS337 In Pt 13/09 XETHA BHUM ***** 12/09 13/09 MATHU BHUM 347N In Pt 14/09 ANAN BHUM 79S 13/09 18/09 MATHU BHUM 347N8 11/09
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      Page 36 Advertisements Column 2
      681 36 PUL INTERNATIONAL LINE PU^NTERNAVONAL My MM liM Mr Win Dtoct 1 lab RiW tarn to r«*> MX Cap ttry/tmtm) ri <■*■*— Mm. JAKARTA (UT( 1) 5 SIGS/WK M 1 M SIN M «MB IKSI Ml D* AGON SUM IA WA 4951 13 09 I SAT I WtD 20, 0* 1
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      Page 36 Advertisements Column 3
      731 36 rr /iccord A SHIPPING PTE LTD TIL *****36 (40 lines) FAX *****46 POtT KIMtG (03) U7lOOl J DNtECT ACCESS HI *****57 (IXPONT BOOKING) fkMOUOUtO (0/) SSI IS/7 r *****87 (IXPONT DOC), *****64 (IMPONT) HNAHG 104) SSI 144 M URL:HTTP://WWWACCORD.COM.SG JAKARTA (II) 140 0770 FORT IU SIM POUT ITA SIM FORT
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      Page 36 Advertisements Column 4
      54 36 I 0 HANGLI SHIPPING DIRECT REGULAR SERVICE JAKARTA SURABAYA JAKARTA 12/09 13/09 P.JMft 16/09 17/09 P. SUMATRA 21/09 21/09 P.KAUHANTAN 28/09 29/09 P. JANA SURABAYA W PORT 10/09 SHANFURYU 16/09 16/09 SHANNON EXPRESS 22/09 23/09 SHAN FURYU 29/09 30/09 SHANNON EXPRESS Owners: UNITED SHIPPING ORGANISATION PT. INDONESIA SHANNON SHIPPING CORP.
      54 words
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      Page 37 Advertisements Column 1
      384 37 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE VSL VOY (™TPORTT7OA»I/B DAM H SURG BREMEN ANTWERP KUTAI 39W8 30/9 ~s7To OMIT 7/1Q TO AUSTRALIA ~1 r FULL CONTAINER SERVICE vs. voy pl^aT 1 FHt m syp mel hia am. fre AUST ENTERPRISE VO7S MO9 OMB IMB 1409 22M 2MB 2MB
      384 words
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      Page 37 Advertisements Column 2
      889 37 f sssspff PACIFIC INTERNATIONAL UNES (PTE) LTD I 140 Cecil Street 103-00 PIL Building, Singapore *****0. I I CR NO **********06 18™ m Iff;;! if, y y I Soaiffcm n^ 18 n/* ~20 9 iio 4.10 610 IQ.lfll LLJi KOTA HABMUWI HMMMW ?7/9 212! IZlfl 12ZIS UZlfi IIZJLA 23/1Q 21/18
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      Page 37 Advertisements Column 3
      891 37 VESSELS I VOY T I JED PSO LEH MAM RTM THP ANR \fILLE D'ORtQN Y2IW 11/06 20*00 gjM 31/08 02/10 04/10 06/10 06/10 VILLE D€ VELA V2IW IVO9 2V06 27/09 ofrlo 07/10 09/10 10/10 11/10 VXJ.E DE CAPELLA T22W 21/00 01/10 00/10 12/10 13/10 15/10 16/10 17/10 V*XE DE LIBRA
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      Page 39 Advertisements Column 1
      44 39 To retrieve more schedules, just follow these simple steps... document 740-6000^^j^^^ tep be faxed Select the port your Step "Wid key in the four number digit code Key in your Example: fax number To NEW YORK (NYC) 2275 United States for calls within Singapore
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      Page 41 Advertisements Column 1
      460 41 MAA SIN I TIGER WAVE 564N 11-12/09 17-21/09 26-27/09 I TIGER BRIDGE 566N 16-17/09 21-2&09 30-01/10 I TIGER BAY 567N 20-21/09 25-3&09 04-05/10 I TIGER WAVE 568N 26-27/09 02-06/10 11-12/10 TIGER ISLAND 569N 29-30/09 04-09/10 14-15/09 I TIGER ISLAND 565N 11-13/0-9 18-2&09 29-30/09 TIGER SPRING 297CN8 11-12/09 18-22/09 28-29/09 I
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      Page 41 Advertisements Column 2
      629 41 FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel: *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICE ARGENTINA ETD SIN SOUTH AFRICA ETD SIN BUENOS AIRES 15/09 CAPETOWN 15/09 CHILE ETD SIN DURBAN 15/09 VALPARAISO 17/09 JOHANNESBURG 15/09 GREECE ETD SIN SPAIN ETD SIN PIRAEUS 15/09 VALENCIA/BARCELONA 16/09
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      Page 41 Advertisements Column 3
      931 41 OOCL (Singapore) Pte Lid CFS Keppel Disfrpk Ai 79 Amm Imd #11-04 (S) *****4 Ik SI 3 #01-128 X ftfiYj Tj aNO UI7I7SOOOON lak 272 7127 of J269 ISO V >? W IA *****13 F« 221 3942 fix; 272 7125 L \_g_l_ MOtTM AMI RICA OSA/ CANADA Q AUSTRALIA TO
      931 words
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      Page 42 Advertisements Column 1
      1805 42 I YML Internet Web Site http://www.yml.com.tw URC E-mail Address cs©hp72o.yml.com.tw TWICE WEEKLY EVERY THURSDAY/SUNDAY ■I.mu.him ARRIVAL FIXED OAY-MONOAY VESSEL VOY SIN CM« RTM HAM FXT LEH ANR VESSEL VOY LEH FXT MM MM MM SM MALACCA BRIDGE A736W 124)9 16/09 04/10 02/10 01/10 06/10 MING GALAXY A73OE SLD SLO SLO
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      Page 42 Advertisements Column 2
      977 42 I —SAMUDERA INDONESIA (S) PTE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81 -3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT LIWE: *****41/43 JESSICA/CELIA/MEI CHAN J*****58E3B 7 slgs/week QBESiEI 3 slgs/week I vessel [VOY [sm TJAK [VESSEL IVOV [SIN I SUB
      977 words
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      Page 43 Advertisements Column 1
      1331 43 J ASIA MEDITERRANEAN EXPRESS (AMI) WESTBOUND i I VtSSEL VOY SIN CAAB MIA GEN BCN I lEH ANR JfL I NSINGA 9735-3 11 SEP 15 SEP 24 SEP 26.SEE 2S-SEP QIQCT Q2 OCT Q3QCT— I MSC JASMINE 9736-3 19 SEP 23 SEP 02 (XT 04 (XT 06QCT 09 OCT 10
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      Page 43 Advertisements Column 2
      1469 43 vissa rwmr pjoamg- spore ham sow uh w 1 vissa m m at pusanrhm hkt rore hop swcu rro oas*G*ro«[ ii 67 10 m- u.or 1101 olio oiio 2t« nsmc 4147 oior oi.oi 1109 1109 14.09 omn I KLANGIOUA 1347 10.Of 11.09* 12J9 W W IO.M 0110 03.10 APLMDONESiA 2347
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      Page 43 Advertisements Column 3
      127 43 rSj EXPRESS ORIENT rWS <SMuJ»A NEW CONSOLIDATION SERVICE AIR/SEA WEST COAST OF AFRICA-INDIAN OCEAN-PACIFIC ISLANDS, ABIDJAN, TAMATAVE, POINTE DES OALETS, LONOONI, PORT LOUIS Abidjon 15/09 Fortnightly Tomotove 12/09 Fortnighlly Port Louis 12/09 FortnigMy Pomte des Golets 12/09 Fortnighlly loogooi 12/09 Fortnighlly Noumea 15/09 Fortnighlly PopM* 15/09 Fortnighlly $l»f «p*ro Bk|
      127 words
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      Page 43 Advertisements Column 4
      194 43 5 i4SBllAl9filiS£lfiflWUi9 F i \L Changzhou \l Shanghai 2 Foshan Shantou "\L Fuzhou Shenzhen s\L Guangzhou Tianjin i \L Hangzhou Wuhan \L Huangpu \L Xiamen \L Qingdao Zhongshan PI \L San Shan Zhuhai Nour next sailings MV "NORDWELLE" V.029N ETA SM 11«ftf97 (N MV. "ASIAN PEGASUS" V.N354 ETA SIN 15/09/97
      194 words
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      Page 44 Advertisements Column 1
      442 44 SINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE itSINOTRANSI \—XM S (*****7). TEL: *****90 FAX: *****98 \>^&hkr TLX: R*****1 SINOEX xj/ SINOTRANS SHANGHAI (CONTAINER SERVICE) "VESSEL VOYAGE ETA SINGAPORE ETA HONGKONG ETA SHANGHAI m 57$ OT 7/09 21/09 JIN fU 9750 \m 24/09 28/09 NEW HAIHUNG 9712 26/09 01/10
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      Page 44 Advertisements Column 2
      280 44 \m. am MAC-MELS S'PORE M'SIA I Carrier: MN CONTR LINES, INC I I cm NO! **********0 C SIBU (064) *****9 MANILA: (632)*****61 X PENANG: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT (21) *****07 MDN: (61) *****3 FXT/RTM/HAM DUBAI MV "HJ MARSEILLES" VO44W MV "SONG
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      Page 44 Advertisements Column 3
      155 44 ■oCEAN ISLAND 10/09 Nan/Rdm/Atw/UK I ■lucky WEALTH 30/09 Nan/Rdm/Atw/UK I ■dELFINI 05/10 Nan/RdnVAtw/Bmn/UK I I* Load* EVW Malaysia. Indonesia I ■ESPERANZAC Jeddah/Aqaba/Egypt I Brainier Dubai/Doha/Bahrain/Damman/Kuwait I HGLOBAL JANE Dubai/Doha'Bahrain/Damman/Kuwait 1 ■iNO Dubai/Doha/Bahrain/Damman/Kuwart I ■CHIAN MARINER Hode«dah/Jeddah/Aqaba/Egypt/Tnpoli I I 'Loads Singapore, E7W. Malaysia, Indonesia 1 ILoadmg for ■ocean FRIEND Los Angeles/New
      155 words
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  • Page 45 Miscellaneous
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      Page 45 Miscellaneous Column 1
      125 45 LEGEND: R Thunderstorm Temperature c AS, A Slower Weother Wind direction Wtth speed n knots Rain N-' eCku**, Wow* height Surface wind* ore indicated by arrow* which Hy with tha wind Q Or* full circle represents calm or light and variable winds One holt Heche represents 5 knots I—». One
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