The Business Times, 9 August 1994

Microfilm: NL19569
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Tuesday August 9 1994 75 c
    13 words
  • 2am LATEST
    • Article
      Lock icon Dow up 12.62 points
      60 1 Reuter NEW YORK Wall Street stocks yesterday continued to trade higher into midday. Analysts said market action was limited by anticipation of a short-term interest rate hike by the Federal Reserve at its FOMC meeting on Aug 16. The Dow Jones Industrial average was up 12.62
      Reuter  -  60 words
    • Article
      Lock icon Disney in video venture
      39 1 Reuter BURBANK, California Walt Disney Co and three regional telephone companies Ameritech, Bell South and Southwestern Bell yesterday said they had signed an agreement to form a joint venture to develop interactive video services. Reuter
      Reuter  -  39 words
  • Article
    MARKET SUMMARY
    160 1 Stock market indices Monday Change ST1I 2,267.65 -5.47 KLSEComp 1,076.34 -12.81 Nikkei 20,635.83 +114.13 Hang Seng 9,537.87 -6^.34 SET Index 1,414.04 -4.56 Jakarta Comp 472.41 -0.39 CLSA China B ....1,132.31 +45.42 Aust All Ord 2,081.1 -10.8 FTSE 100 3,171.9 +4.4 Monday Previous 2pm close Dow Jones 3,759.64 3,747.02
    160 words
  • Article
    S'pore economy grew 10.5pc in first half
    741 1  -  MTI raises full-year forecast to between 9 and lOpc By Genevieve Cua SINGAPORE Prime Minister Goh Chok Tong yesterday announced stronger-than-expected economic growth of 10.5 per cent in the first half of the year. The economy expanded by 10 per cent in the
    741 words
  • Article, Illustration
    Lock icon Private home prices up 13.9pc, volume fell 27pc in 2nd quarter
    582 1  -  By Abdul Hadhi SINGAPORE Prices of private residential properties rose across the board at an average of 13.9 per cent in the second quarter but the volume of transactions fell 27 per cent, according to the Urban Redevelopment Authority's
    Source: URA  -  582 words
  • Article
    Stanchart opens share trading service to general public
    537 1  -  By Shiv Taneja SINGAPORE Even before the Stock Exchange of Singapore allowed broking firms and local banks to set up authorised trading centres (ATC) for share transactions last month, Standard Chartered Bank had launched its own version, and was the first foreign
    537 words
  • Article
    Thais offer power projects worth S$5b
    327 1  -  From Loh Hui Yin in BANGKOK INDEPENDENT power producers (IPPs) will be invited to invest almost Sss billion in facilities in Thailand that will generate an additional 3,800 megawatts of electricity over a seven-year period from 1996. The proposal marks the launch of a
    327 words
  • Article
    Lock icon US rate rise imminent: Ex-Fed governor
    402 1 Bloomberg Business News, Reuter NEW YORK The Federal Reserve may raise its discount rate any time now to combat the inflation that might arise from stronger-than-expected economic growth, according to Bear, Stearns Co chief economist Wayne Angell. The Fed raised the discount rate the
    Bloomberg Business News,; Reuter  -  402 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      223 1 s&mk FRESH STRONG REFRESHING Soli Agent; Starlro (Singapore) Pte. LM. R& CONTEKtm S>£ News 2 SSi",,. Regional News 3,4 Financial 14,15 World News 5 Martwto Features Ciob/KLSE. SES 18-20 E4tori4 8 Regional 16 Sports 10 World 17 TV/LHestyte 7 Currencies H Property 9 Sime»/Commo .14.15 Subscription Tel 1800-*****77 Fax *****75
      223 words
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      Page 1 Advertisements Column 2
      30 1 Singapore News: Pg 2 Hitting the brakes on weekend cars Office prices climb 6.Bpc, Page 9 HDB resale transactions double, Page 9 Hire purchase changes surprise car industry, Page 2
      30 words
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      Page 1 Advertisements Column 3
      22 1 Hock Lock Siew: Pg 11 /flf Jack Chia's hungry Don&t CORPORATE RESULTS: Semba wang's profit disappoints Marco Polo earns SB.Bm Page 11
      22 words
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      Page 1 Advertisements Column 4
      34 1 Property: Pg 9 Iti&tr ing your home CHLOROPHYLL PEARLS PjW so invigorating J you'll never miss LJTrcaS* chewing 9um! S8 z%7v® duoUn Sole Agent: Shrlro (Singapore) Re. Ltd. FOOTWEAR LEATHER GOODS READY-TO-WEAR t p
      34 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Desktop exports to region rising
        353 2  -  By Claire Leow DOMESTIC exports of desktop computers to key regional markets are rising, while shipments to the United States decline, according to the latest figures from the Trade Development Board. Previously, the US was the single largest market, accounting for half of all domestic
        Source: TDB trade statistics  -  353 words
    • Article
      Hire purchase changes surprise car industry
      561 2  -  New rules push up monthly instalments for lower-priced vehicles By Ramesh Divyanathan AN AMENDMENT which extends the coverage of the Hire Purchase Act to lowerpriced cars has caught finance companies and some car dealers by surprise. The change, which took effect on July I,
      561 words
    • Article
      Plans to double number of boarding, hostel places
      303 2 THE Ministry of Education plans to double the number of boarding and hostel places available in Singapore. Prime Minister Goh Chok Tong said yesterday that while the government was committed to maintaining the integrity of the family unit, boarding schools were needed
      303 words
    • Article
      SIA bans smoking on nine out of 10 flights
      146 2 SINGAPORE Airlines (SIA) will soon ban smoking on all flights cxcept those starting and ending in Japan. From Oct 30, 804 of SlA's 888 weekly services, will be smoke-free. This means that about nine out of every 10 take-off will be
      146 words
    • Article, Illustration
      Lock icon Brakes go on rush to buy weekend cars
      511 2  -  Reaction to plugging of loophole allowing luxury driving on the cheap By Ramesh Divyanathan THE RUSH for weekend cars seems to have ended abruptly following a government announcement that a loophole in the weekend car scheme would be plugged. That loophole has
      Photos by Arthur Lee  -  511 words
    • Article, Illustration
      Six civil servants awarded Public Admin gold medals
      202 2 National Day Awards SIX people will rcccivc the Public Administration Medal (Gold) in this year's National Day Awards. The gold medals, awarded to outstanding civil servants, go to: Chiam Boon Keng. Supreme Court Registrar. Lee Yong Siang. Public Utilities Board chief executive;
      202 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      47 2 Epson Makes Business A Pleasure. EPSON| Saw an ad of a house that you may like to own? Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. ClasaFiNE^ I CLAJKSLI An SM Audl o T S«rvie« I 1
      47 words
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  • THE REGION
    • Article
      M'sia-China trade hits US$924m in first five months
      401 3 KUCHING Bilateral trade between Malaysia and China has grown rapidly, and during the first five months of this year, it amounted to US$924 million (SSI.3 billion), says a report in the Star newspaper. The figure for the entire 1993 was US$l.7B billion,
      401 words
    • Article
      Lock icon Taiwanese plan to invest US$1b in Malaysia this year
      353 3 AFP, Reuter KUALA LUMPUR Taiwan, Malaysia's largest investor until Kuala Lampur began to limit labour-intensive industries in favour of growth in technology, plans to invest up to US$l billion (SSI.S billion) here this year, Taipei officials said yesterday. "The trend now
      AFP,; Reuter  -  353 words
    • Article
      Lock icon Aids threatens Asian economies: ADB chief
      227 3 Bernama MANILA The Aids epidemic in Asia has "reached alarming proportions" and is threatening the "Asian promise" of economic wealth and progress. Asian Development Bank vice-president Peter Sullivan yesterday said the economic impact of the epidemic was potentially severe and long lasting, and threatened
      Bernama  -  227 words
    • Article
      Lock icon Businessmen from two Koreas seek meeting
      235 3 AFP SEOUL South Korean and North Korean businessmen are pursuing the year's first group business contact in early September, away from political squabbling over Pyongyang's secretive nuclear programme. Sponsors yesterday said the proposed meeting was meant to promote inter-Korean joint ventures, and had attracted
      AFP  -  235 words
    • Article
      Foreign firms in Cambodia welcome cut in corporate tax
      497 3  -  By Harish Mehta SINGAPORE Foreign firms, particularly Singapore companies that were among the first wave to enter Cambodia, have welcomed the country's new investment law that cuts corporate tax rate to 9 per cent, probably the lowest in Asia. And foreign
      497 words
    • Article, Illustration
      Lock icon One fell swoop
      80 3 Reuter TAIPEI Seemingly scythed by a giant's hand, these flattened trees mark the path of Typhoon Doug down a Taipei street. The typhoon wreaked havoc yesterday as it battered Taiwan with high winds of up to 140 km/ph and heavy rain, killing 10 people and leaving three
      Reuter  -  80 words
    • Article
      HK insider trading case: preliminary hearing tomorrow
      439 3  -  From Lim Soon Neo in HONGKONG PRELIMINARY hearing starts tomorrow on the case of alleged insider dealing at Public International Investments Ltd (PIIL) in 1992 when a Cheung Kong-led consortium launched a general takeover bid for the company. Announcing the preliminary hearing yesterday,
      439 words
    • Article, Illustration
      Lock icon Jakarta court to give verdict on Tansil case next week
      367 3 AFP, Reuter JAKARTA A Jakarta court will render its verdict next week on a businessman facing a possible life sentence for his alleged central role in a multi-million-dollar credit scam. Judge Sutrisno of the Central Jakarta court yesterday said the
      AFP,; Reuter  -  367 words
    • ASIA NOTES
      • Article, Illustration
        Lock icon Cambodia's model princess
        42 3 Reuter PHNOM PENH Princess Bophary. daughter of Cambodian First Prime Minister Prince Norodom Ranariddh, went on the catwalk at the French Cultural Centre in Phnom Penh last Saturday. The fashion show was organised by Cambodian-Pari-sian stvlist Svlvain Lim. Reuter
        Reuter  -  42 words
      • Article
        Lock icon NAP wins Thai parliament seat
        57 3 Reuter BANGKOK A member of Thailand's ruling coalition has been elected to a seat vacated by an opposition politician indicted by a US court on drug trafficking charges. New Aspiration Party candidate Prasong Boonpong won the seat in Nakhon Phanom province, 735 km north-east of
        Reuter  -  57 words
      • Article
        Lock icon Japan to uphold US security pact
        69 3 AFP TOKYO Prime Minister Tomiichi Murayama told a US military leader here yesterday that Japan would maintain its security treaty with the US, Japanese officials said. "I would like to make efforts for the smooth and effective management of the Japan-US security arrangements," the
        AFP  -  69 words
      • Article
        Lock icon KL trade office opens in S Africa
        69 3 Bernama JOHANNESBURG International Trade and Industry Minister Rafidah Aziz yesterday kicked off a trade promotion blitz on South Africa, with the opening of the Malaysian Trade Commission office here. She is heading Malaysia's first trade mission, comprising 200 businessmen, to the republic. The
        Bernama  -  69 words
      • Article
        Lock icon Only trained Indon maids from 1999
        81 3 Bernama JAKARTA Indonesia will stop sending untrained women to work as domestic maids overseas by 1999, a spokesman of the Manpower Ministry said yesterday. He said in future only women with training would be allowed to work outside the country in fields relevant to
        Bernama  -  81 words
    • Article
      Lock icon KL gives banned Al-Arqam a month to stop teaching
      266 3 AFP, Bernama KUALA LUMPUR Malaysia is giving the outlawed AlArqam Muslim sect a month to stop its deviationist teaching after banning it last week as a growing security threat, officials said yesterday. The grace period for the AlArqam was announced on
      AFP,; Bernama  -  266 words
    • Article
      Lock icon Hongkong's 1st-qtr GDP grows 5.5pc in real terms
      153 3 Bloomberg Business News HONGKONG Hongkong's gross domestic product grew by 5.5 per cent in real terms in the first quarter of the year compared with the first quarter of 1993. The government yesterday said the rate matched exactly its 5.5 per cent
      Bloomberg Business News  -  153 words
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  • REGION/WORLD
    • Article
      Lock icon Daewoo chief faces probe in S Korean bribery scandal
      420 4 AP, AFP SEOUL Prosecutors expanded a probe yesterday to see if South Korean government or business leaders were involved in payoffs over the construction of nuclear power stations. Prosecutors said that the chairman of the giant Daewoo corporate group was being
      AP,; AFP  -  420 words
    • Article
      Lock icon China plans US$10b bridge-tunnel link across Bohai Strait
      247 4 Reuter HONGKONG China plans to build a US$lO billion (S$ 15 billion), 134-km link that includes the world's longest undersea tunnel across the Bohai Strait, a local newspaper reported yesterday. Construction of the road and rail crossing from Shandong and Liaodong peninsulas
      Reuter  -  247 words
    • Article
      Lock icon Turner to launch non-stop satellite cartoon, movie channel in Asia in Oct
      454 4 Reuter HONGKONG Media mogul Ted Turner plans to launch his non-stop satellite cartoon and movie channel TNT Cartoon Network in Asia in October, as competition heats up in the battle for the region's television audience. TNT Cartoon yesterday
      Reuter  -  454 words
    • Article, Illustration
      Lock icon A high-flier despite the odds
      62 4 AFP STOCKHOLM Ninni Hagsten (bottom) is 85 years old and blind, but that did not stop her from taking the plunge 2,600 km towards the ground. Ms Hagsten, Sweden's oldest active parachutist, was among 30 handicapped people who took part in the specially arranged event
      AFP  -  62 words
    • Article
      Lock icon Growth in China property investments falls
      198 4 Bloomberg Business News BEIJING Investment in China's property market in the first six months of 1994 dipped to one-third the heady levels of the first half of 1993. The official People's Daily yesterday quoted Song Chunhua, director of the real estate department of the
      Bloomberg Business News  -  198 words
    • Article
      Lock icon Housing is Hongkongers' top concern: poll
      229 4 AFP HONGKONG The high cost of housing has become the main concern of the Hongkong people, while anxiety over the territory's reversion to China in 1997 has declined, according to a government poll released yesterday. In the bimonthly survey. 47 per cent of respondents
      AFP  -  229 words
    • Article
      Lock icon Malaysia to rake in M$13b from timber exports
      419 4 Bernama KUALA LUMPUR Export of timber and timber products is expected to rake in MS 13 billion (557.5 billion) in foreign exchange earnings for Malaysia in 1994. Director-general of the Malaysian Timber Industry Board. Zainal Abidin Haji Ahmad, yesterday said that export
      Bernama  -  419 words
    • Article
      Lock icon Boeing to invest another US$100m in China
      259 4 AP BEIJING The Boeing Co said yesterday it will invest US$lOO million (SS 150.6 million) in a plant in China to build tail sections for its 737 jetliners, a spare parts centre and training programmes for flight crews and maintenance workers. Ron Woodard,
      AP  -  259 words
    • Article
      Lock icon British firms using Japanese methods less profitable, study shows
      351 4 UPI, Reuter LONDON A Cambridge University survey of British firms showed that high-users of Japanese-style business methods had lower profit margins than lower users of the methods. The study, released yesterday, involved researching 68 British manufacturing firms, and their profitability between
      UPI,; Reuter  -  351 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      227 4 POWER PLAY Booming economies and a ALSO M THIS ISSUE: Bottom-fishing for Malaysian stocks Singapore's trusty brands in the 90s Gordon Wu's Asian gamble US banks want in on Asia House Hunt: Residential price check I Get your copy of this month's Singapore Business I from your nearest newsstand or,
      227 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Christopher crosses border as Israel, Jordan break down barriers to peace
      555 5 AP DAMASCUS, Syria Fresh from talks with Syria's President Hafez Assad, US Secretary of State Warren Christopher helped remove another barrier to Middle East peace yesterday with the opening of a border crossing between Israel and Jordan. The event
      AP; Reuter  -  555 words
    • Article
      Lock icon Independent counsel for Espy case expected
      410 5 Agriculture Secretary faces probe into allegations of illegal gifts from poultry industry AP WASHINGTON US Attor-ney-General Janet Reno is expected to petition a federal court within two weeks for an independent counsel to investigate whether Agriculture Secretary Mike Espy illegally accepted gifts from the
      AP  -  410 words
    • Article
      Lock icon No forced resignations likely from Whitewater probe
      354 5 Bloomberg Business News WASHINGTON No one will be forced to leave the Clinton administration as a result of the Whitewater hearings and investigations. White House Chief of StatT Leon Panetta said in an NBC interview on Sunday that the hearings had turned up
      Bloomberg Business News  -  354 words
    • WORLD WATCH
      • Article
        Lock icon Gaza, West Bank elections by Oct?
        96 5 Bloomberg Business News JERICHO The Palestinian Autonomous Authority (PAA) is considering calling elections in Gaza and the West Bank as early as October if Israel agrees to withdraw its troops from urban areas in the two semi-autonomous regions, the BBC reported, citing Israeli Radio.
        Bloomberg Business News  -  96 words
      • Article
        Lock icon Jacques Cousteau blasts nuclear move
        103 5 Reuter PARIS Ocean explorer Jacques Cousteau criticised the French government yesterday for restarting a controversial fast-breeder nuclear reactor and said he would ask President Francois Mitterrand to have it shut down. Mr Cousteau, one of France's most popular public figures, said it was "hypocritical" to
        Reuter  -  103 words
      • Article, Illustration
        Lock icon Problems coming to a head
        85 5 Reuter GALATI, Romania A Romanian prisoner from Galati Prison with four nails embedded in his forehead. He had hammered the nails into his skull to avoid hard labour and get transferred to a hospital. So far, 17 similar cases have been reported. Prisoners say they
        Reuter  -  85 words
      • Article
        Lock icon Fujimori sets elections for April
        73 5 Reuter LIMA President Alberto Fujimori, without clarifying his own status as a possible candidate, has set general elections for next April. If none of the candidates for president and vice-president obtains an absolute majority, a run-off will be held in 30 days. A decree said
        Reuter  -  73 words
      • Article
        Lock icon Fresh steps to boost Russian economy
        71 5 Reuter MOSCOW Russia, which has used decrees to steer economic reforms in recent months, is preparing a new package of documents, President Boris Yeltsin's chief economic aide said. No details of the draft decrees were available. Interfax news agency said the decrees would tighten
        Reuter  -  71 words
      • Article
        Lock icon Berlusconi ads suspended
        122 5 Reuter ROME Italian state broadcaster RAI yesterday said it was suspending a television advertising campaign designed to boost the image of Prime Minister Silvio Berlusconi's government. RAI decided to suspend the controversial government advertisements, launched only 48 hours earlier, after Italy's media ombudsman intervened in the dispute
        Reuter  -  122 words
    • Article
      Lock icon Mitchell's health Bill relies on subsidies, enhanced competition
      441 5 NYT WASHINGTON When the congressional debate on national health insurance legislation formally begins today, the Senate will be considering a Bill that relies mostly on subsidies to cover more people and on enhanced competition to control costs. The Bill, proposed by Majority
      NYT  -  441 words
    • Article
      Lock icon Saudi Arabia to defer repayments on sole foreign US$4.5b loan
      282 5 Reuter NICOSIA Cash-strapped Saudi Arabia is about to clinch a deal to defer repayments on its only foreign loan, raised after its coffers were depleted in the Gulf War. The Cyprus-based Middle East Economic Survey yesterday said most of Saudi
      Reuter  -  282 words
    • Article, Illustration
      Lock icon Affable Kenneth Clarke seen as most likely to succeed beleaguered Major
      436 5 Reuter LONDON When Kenneth Clarke ran the debating society at Cambridge University, the student newspaper caustically dismissed him as "a man with a brilliant future behind him". Now the affable finance minister is widely tipped as the man most
      Reuter  -  436 words
    • Article
      Lock icon UK consumers borrow record net £683m in June
      266 5 Bloomberg Business News LONDON UK consumers borrowed a record net £683 million (SSI.6 billion) in June as lending on bank credit cards climbed to the highest for more than four years. That compares with net lending of £208 million in May. the
      Bloomberg Business News  -  266 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      587 6 Nothing Beats A BuL OK FRESPfI L PASTA BDAI LY. W From Pasta Fresco. The only restaurant to make Its own specialty pasta. everyday. Savour perfect pizza, great y gelati ond terrific tiramisu. All topped with Italian hospitality. Potto Fresco Da Satvalora Pt» Lid 30 800 l Quay. SIOIO4I (Open
      587 words
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      Page 6 Advertisements Column 2
      352 6 WHERE TO WINE, DINE AND ENTERTAIN I BUSINESS LUNCH OR I FAMILY DINNER, 1 FEAST ALL YOU CAN. wc 5 That's over 50 delightful dishes in all! Featuring the best talked about jfj seafood and Cantonese cuisine. All you can eat. Complimentary platter of h suckling* pig and for children,
      352 words
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      Page 6 Advertisements Column 3
      436 6 fancy 'Beijing? Then, we're delighted to surest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian fin 'Beijing dumplings, a selection C of set menus, and 'Beijing specialities D|||/A such as Beijing 'Ducfi. Tench and HCS®*! Marinated Lamb, fancy some nowt RESTAURAN^ SB
      436 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Right royal working-class comedy
      803 7  -  A satirical play about the British royal family looks set to be a crowning success, writes Matt Wolf Matt Wolf AP QUEEN Elizabeth II waits in line for her welfare cheque, the Queen Mother delightedly peels an orange and Prince William discovers there's nothing wrong with
      AP  -  803 words
    • Article, Illustration
      Lock icon Tourists get new peek inside Buckingham Palace
      388 7 Reuter Thousands of tourists visited Buckingham Palace, Queen Elizabeth's London home, when it opened its doors to visitors for the second year on Sunday. The 4,500 timed entry tickets to 18 luxurious state rooms were sold by midday. A few people even queued
      Reuter  -  388 words
    • Article
      Lock icon Jackson's Hungarian rap-sody
      356 7 CHATTERBOX AP AP THREE years after the last Soviet soldier left Hungary, Michael Jackson led "Red Army" troops past cheering crowds as filming began on Sunday for a video to promote his new album History. "The film short depicts Jackson as freeing an unnamed Communist country, upon
      AP  -  356 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      93 7 G O UD E N SE||M t come* to electing the right vrnu it important seminar, you can count on the Golden landmark Hotel. 5 luxurious function rooms with a capacity of up to 200 persons, including the newly renovated Galaxy Room will cater to all your seminar needs. FULL
      93 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      983 7 TV RADIO r mother of all parades, and in Break a leg, or in this ease, don't... Michael Caine faces a all four languages too! director's dilemma with the Noises Off, 11.00pm, SBC 5 SRC Channel 12 15 Cross TaMl N Chang 10.40 Wawancara (M). cian (C) 11 25 The
      983 words
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  • Article
    Cambodia opens for business
    539 8 BMTOMAt, LAST week, Cambodia's national assembly unanimously passed an investment law to rave reviews from businessmen. Cambodia now seems hard to beat in terms of incentives it offers investors a 9 per cent corporate tax rate, an 8-year tax holiday, duty-free imports of machinery and raw
    539 words
  • WHAT THE OTHERS SAY
    • Article
      Nuclear sun also rises?
      331 8 THE REPORT in the Mainichi Shimbun newspaper of a top secret 1969 policy document arguing that Japan should maintain the potential to build nuclear arms is not merely of historical interest. It suggests that while acutely conscious of Japan's unique and tragic experience as the only
      331 words
    • Article
      More choices for parents
      139 8 SIX more secondary schools will go autonomous next year. This will bring the number of autonomous schools to 12. For parents, the additional six new schools mean that they will have a wider choice for their children. Certainly, this is something that they will welcome because
      139 words
    • Article
      No small achievement
      152 8 THE historical visit to Taiwan by Tang Shubei, vicechairman of China's Association for Relations Across the Taiwan Straits, has again focused international attention on the developments in mainland-Taiwan relations. Mr Tang and his counterpart Chiao Jen-ho, vice-chairman of Taiwan's Straits Exchange Founda- tion, reached agreement on the
      152 words
    • Article
      Easing up on expatriates
      99 8 PRESIDENT SUHARTO'S instruction to ease restrictions on the employment of expatriates addresses one of the major problems complained about by both domestic and foreign investors. The demand for middle and high level managers, including supervisors, has risen steeply since the latter half of the 1980s due
      99 words
    • Article
      Intervention risky
      130 8 THE free-fall in A shares this year has been alarming and it has been halted in unorthodox fashion: by Beijing's decision to restrict new share listing. By restricting the supply of new shares on the market, China has ensured price increases. The decision goes against the basic principles
      130 words
    • Article
      No equality
      147 8 AGAINST the North's material standards (and in those pockets of the South which have attained an equivalent status), it is forgivably naive to intellectualise about the inherent equality of all men and women. After the Cold War was won, excessive jubilation sounded the trumpet of victory over the
      147 words
  • Article, Illustration
    Quebec issue threatening Canada's safe-haven image
    984 8  -  With the Parti Quebecois seemingly unstoppable, Canada appears headed for yet another brawl over its future. William C Symonds reports William C Symonds Ever since it was founded in 1968, the Parti Quebecois (PQ) has fought for more autonomy for the Frenchspeaking province of
    984 words
  • Article, Illustration
    Lock icon Indian hi-tech whizzes a sore point with Swiss
    539 8  -  Switzerland has found itself turning to a small group of guest workers to tap their computer expertise, writes Sarah Veal Sarah Veal IHT THE position of guest workers is always ambivalent. In a country where they have become an institution, such as
    IHT  -  539 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      60 8 o*esTgß j|j^~ DOONESBURY GARRY TRUDEAU H ueu, NOT ACTUALS mrr,BUT P* I sKX/sHCKT.iPKtrreer fM sense to vou, iou II iw&iHVBC/aoseßAno noujonkr maybb i A HH6LB BK> FROM TUB m RMTIMtAN.I m*£R£*l CONTACT! IT MAS UKBB&N6 I NOOOQY THtYiUBRE J MeotAFOKwetcwstve I uasinth£UAP nm i HAD A MAJOR, major. W TRUSTS
      60 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Lock icon Office prices rise 6.8pc
      511 9  -  A supply shortfall has pushed up the URA Private Property Price Index. Abdul Hadhi reports Abdul Hadhi HEALTHY demand for office space during the second quarter pushed up prices by 6.8 per cent, Urban Redevelopment Authority figures show. A short-term supply shortfall sent the URA's Private
      Source: URA  -  511 words
    • Article, Illustration
      How best to protect your home
      782 9  -  Thinking of insuring your property? Shoeb Kagda takes you through the basics Shoeb Kagda The writer is a freelance journalist. He contributed this article to BT A CONCOMITANT of skyrocketing property prices in Singapore is the marked rise in the take-up rate of home
      782 words
    • Article
      To buy or not to buy? Forum looks at home truths
      446 9  -  Tan Su Yen finds out more about an NUS-organised property seminar Tan Su Yen SHOULD I buy now or should I wait? Anxious homebuyers may just get the answers to these and other burning questions at a public seminar
      446 words
    • Article
      HDB resale transactions double in first half
      515 9  -  Abdul Hadhi looks at the growing number of people who are upgrading Abdul Hadhi HOUSING and Development Board resale transactions doubled during the first half of this year to 16,614, reflecting a thirst among Singaporeans for upgrading their housing. The HDB revealed last
      515 words
    • Article
      Indon property market facing mixed fortunes
      534 9  -  Although there is a boom in Indonesia's retail sector, other areas have remained sluggish. Markos Tando reports Markos Tando INDONESIA is in the midst of a retail boom, in which sales of consumer goods have jumped 20 per cent in the past two years.
      534 words
    • Article
      PROPERTY WATCH
      255 9 Selected transactions in the past week gSL.1 I Typ* TsP PRIVATE Aug 1,1994 2159 Clement Park Condo 2+1 1162 FH 650,000 559 Aug 2,1994 1542 r Harmony Mansions Condo 3 1177 999 650J00 552 Aug 2,1994 2145 Savoy Park Cor Terrace 4 3197/2056 FH 1,680,000 817 Aug 2J
      255 words
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  • SPORTS
    • Article, Illustration
      Lock icon Couples bounces back with Buick Open win over Pavin
      682 10 Golf AP, Reuter GRAND BLANC, Michigan First Paul Azinger, then Fred Couples. Just call it the Comeback Open. Couples, recovering from a back injury that kept him out of golf for almost four months, shot a 7-under-par 65 in the third
      AP,; Reuter  -  682 words
    • Article
      Lock icon Mizuno leads as Winter Games sponsor
      449 10 AFP TOKYO Japan's top sporting goods maker, Mizuno Corp, was named on Thursday as the first official sponsor of the 1998 Winter Olympics in Japan, giving a slow start to the marketing of the premier sporting event amid the nagging effects of global recession.
      AFP  -  449 words
    • Article, Illustration
      Lock icon Germany's Sloothaak bags showjumping title
      325 10 World Equestrian Games Reuter, AP THE HAGUE, Netherlands Franke Sloothaak won the showjumping title at the World Equestrian Games on Sunday, bringing Germany's final gold medal tally to seven from a possible 14. Sloothaak, 38, was the only rider to finish on zero. The four
      Reuter,; AP; Reuter  -  325 words
    • Article, Illustration
      Lock icon China surprises by making final eight
      700 10 World Basketball Championships AP, AFP HAMILTON, Ontario Few predicted China stood any chance for a medal at the World Championship of Basketball. The Chinese may still come away empty, but they're one of eight teams that can still win one. China beat Spain 78-76
      AP,; AFP  -  700 words
    • Article
      Lock icon Tail-enders rescue S Africa as Leeds Test heads for draw
      286 10 AP LEEDS, England South Africa's tail-end batsmen took their team to within 30 runs of England's 477 for nine on Sunday as the second Test looked set to end in a draw. Thanks to a second-half century from left-hander Graham
      AP  -  286 words
    • SPORT SHORTS
      • Article, Illustration
        Baseball
        75 10 NEW YORK Major Leap Sunday National: Chicago 1 San Diego 5; Cincinnati 3 Atlanta 2: Pittsburgh 6 St Louis 5; Philadelphia 4 Montreal 6; Houston 7 SF 4; NY 0 Florida 2; Florida 2 LA 6. American: Ist-Boston 4 Cleveland I; 2nd-Boston 10 Cleveland 15 (12 innings); Minnesota 7
        75 words
      • Article, Illustration
        Basketball
        25 10 TORONTO World Championships Sundav Group A: China 78 Spain 76; US 105 Brazil 82. D: Puerto Rico 72 Greece 64: Germany 78 Egypt 56.
        25 words
      • Article, Illustration
        Golf
        177 10 GRAND BLANC, Mich US$l.l million Buick Open final round Sunday (US unless noted): 270 Fred Couples 72 65 65 68 272 Corey Pavin 66 65 70 71 276 Curtis Strange 71 70 67 68, Steve Pate 71 67 69 69. Greg Kraft 71 72 67 66 277 Ben Crenshaw
        177 words
      • Article, Illustration
        Lock icon Rugby
        312 10 Reuter Reuter WELLINGTON Winger John Kirwan. New Zealand s most capped international and highest try scorer, criticised the All Black selectors yesterday after being dropped from the side to face Australia next week. "I just think they're losing their way. and that concerns me as an All Black." Kirwan.
        Reuter  -  312 words
      • Article, Illustration
        Lock icon Tennis
        171 10 AP AFP LOS ANGELES Boris Becker trounced Mark Woodforde of Australia 6-2, 6-2 on Sunday to win the US$4OO,OOO LA Open. Becker, the No 2 seed making his first appearance in LA. won in less than an hour. It was the German's second title this year and 40th of
        AP; AFP  -  171 words
      • Article, Illustration
        Lock icon Yachting
        264 10 AP LA ROCHELLE, France After holding first in the J-24 yacht class all week. Per Ahlby and his crew from Sweden lost the IRYU's first World Sailing Championships on Sunday to fellow countrymen Magnus Gravare. The five-point upset marked the only significant change in Sunday's final round of sailing,
        AP  -  264 words
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  • COMPANIES & MARKETS
    • Article
      Analysts revise forecasts after disappointing Sembawang results
      414 11  -  By Ramesh Divyanathan SINGAPORE Sembawang Corporation's interim results disappointed analysts yesterday, leading many to revise their end-of-year forecasts downwards. The market also disliked the way the group consolidated and equity-accounted for the first time the firsthalf results of Sembawang Maritime and Jurong Shipyard,
      414 words
    • Article, Illustration
      Two projects lift Marco Polo Developments turnover
      322 11  -  By Corinne Kerk SINGAPORE Proceeds from the sale of the Pare Oasis condominium project and rental income from Lane Crawford Place helped Marco Polo Developments post a 248.9 per cent gain in turnover to $66.97 million in the half-year to June 30. The
      322 words
    • Article
      UMW group profit jumps 34pc to M$29m at half time
      227 11 SINGAPORE UMW Holdings yesterday reported a 34.3 per cent rise in interim group net earnings to M 529.16 million for the six months ended June 30. This works out to earnings of 12.7 sen per share, up from 9.5 sen
      227 words
    • Article
      Still opportunity for Jack Chia to take bigger slice of Aussie food market
      909 11  -  HOCK LOCK SIEW By Florence Chong SYDNEY Jack Chia's plans to build an interest in the food sector in Australia seem to be on hold after the failure recently of his As2o million (Ss22 million) bid to
      909 words
    • Article
      Aokam plans major investments abroad next year
      477 11  -  From Ho Kay Tat in KENINGAU, Sabah MALAYSIA'S leading timber processor Aokam Perdana Bhd will go overseas, particularly to Myanmar and China, in a big way from next year. By then, its new Ms43o million (*****.7 million) plywood and veneer complex here would
      477 words
    • Article, Illustration
      Lock icon Creative share price plunges $2.90
      164 11 SINGAPORE Creative Technology shares closed $2.90 lower at $28.50 yesterday in lively trade after hitting a low of $20 in the opening minutes. About 605,000 Creative shares changed hands in reaction to the multimedia company's announcement of lower-than-expected earnings for its fourth quarter to June
      Source: Bridge Info  -  164 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 11 Firm Market Mood' indicates the likely trading sentiment tomorrow, based on brokers polled at 5-6pm yesterday. Sen events may• alter sentiment. Brokers polled: Alliance. Baring. Daiwa. Fraser. GK Goh. Morgan (JrenfeU. Somura. Ongco. Phillip. Smith New Court and Tat Lee
        42 words
      • Article, Illustration
        HOT STOCK
        140 11  -  By Paul Leo Pelangi is a medium-term buy at $1.56. The 5-day moving average line has crossed the 15-day moving average line from below. Moreover, the stock is trading above the 13-week moving average line, which is positive. Weekly Moving Average Conver-gence-Divergence Indicator has signalled a buy. Yesterday's
        140 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Sing Investments' foreign shareholding
          26 12 SINGAPORE Sing Investments Finance said its foreign share ownership at June 30 stood at 17.57 per cent of its issued share capital.
          26 words
        • Article
          Hai Sun Hup director to step down
          77 12 SINGAPORE Hai Sun Hup said director Shigeyuki Suzuki will not seek re-election at the annual meeting on Aug 25. This follows his decision to retire from Mitsui OSK Lines to become chairman of UTOC Corp, a publicly listed company in Japan. In a
          77 words
        • Article
          Lock icon HK watchdog seeks Manila help in probe
          150 12 AFP MANILA Hongkong's Securities and Futures Commission (SFC) is asking the Philippines' Securities and Exchange Commission (SEC) for help in investigating links between Robert Kuok and another tycoon, Khoo Kay Peng, according to documents obtained here yesterday. A letter from the SFC noted
          AFP  -  150 words
        • Article
          Lock icon Astra unit's interim profit rises 44pc
          103 12 AFP JAKARTA PT United Tractors, a heavy equipment subsidiary of the country's second biggest firm PT Astra Internasional, announced yesterday a net profit increase of 44.56 per cent for the first six months. In its audited financial statement, published in the Bisnis Indonesia economic
          AFP  -  103 words
        • Article
          Lock icon Unza debut sees M$1.30 price premium
          82 12 Bernama KUALA LUMPUR Unza Holdings Bhd made its debut on the Kuala Lumpur Stock Exchange Second Board yesterday at M 54.20, a M 51.30 premium over its offer price of M 52.90. The issue touched its low at M 54.00 before settling at its
          Bernama  -  82 words
      • Article
        Globe Telecom adds Mactan export zone to its network
        315 12  -  From Al Labita in MANILA GLOBE TELECOM, the joint venture between Singapore Telecom and Ayala Corp, has linked an export zone to its network to expand its market base in the Philippines. In a report to the Philippines Stock Exchange yesterday,
        315 words
      • Article
        Lock icon PLDT posts 0.4pc rise in interim income
        441 12 Bloomberg Business News MANILA Philippine Long Distance Telephone Co (PLDT) posted a 0.4 per cent rise in net income in the first half as a US$2.5 billion (553.7 billion) expansion programme yielded increased revenues from local calls. PLDT said yesterday that profits rose
        Bloomberg Business News  -  441 words
      • Article
        Three Indon banks plan to take over Continental Bank
        436 12 JAKARTA A consortium of three local banks. Bank Central Asia. Bank Utama and Bank Danamon announced over the weekend their plan to take over Continental Bank, according to a Jakarta Post report. Trenggono Purwosuprodjo, Bank Utama's president, told a press conference
        436 words
      • Article
        Untitled
        1124 12 MaugcrV pric*» (S) Aug 9 Mcndaki Gr Fund 119 l.22§ IM ThkI USGr Fund 100 104" bingapof6 una irusi hud ftA«+ im The Commerce 164 1 74 UIUB IllVeSl fUgl LUI The Savings Fund 1.56 1.65 Unifund F50 1.56 Spore Prog Fund 0.70 0.74 Umbond- I.OJS 1060 S pore Sec
        1,124 words
      • Article
        Lock icon Petron shares may go for 13.5 pesos apiece
        195 12 AFP MANILA Some 300 million shares in Petron Corp, the Philippines' largest oil refiner, are likely to go on sale for 13.50 pesos, Petron sources said here yesterday. The shares are part of the second stage of the initial public offering of
        AFP  -  195 words
      • Article
        Lock icon Italian-Thai Devt expected to trade at premium on debut today
        786 12 Bloomberg Business News BANGKOK Shares in Thailand's largest civil engineering and construction firm will trade at a premium when they debut today on the Stock Exchange of Thailand, analysts say. Italian-Thai Development pic shares are priced at 210-220 baht (S$
        Bloomberg Business News  -  786 words
      • Article
        Lock icon Celcom in tie-up to help bumiputra entrepreneurs
        263 12 Bernama KUALA LUMPUR Cellular Communications Network (Malaysia) Sdn Bhd (Celcom) has signed a memorandum of understanding with Perbadanan Ushawan Nasional Berhad (PUNB) to establish a programme to help bumiputra entrepreneurs in the telecommunications industry. In reply to a KLSE query. Technology Resources Industries
        Bernama  -  263 words
      • Article
        Lock icon Celcom, Bernama offer wireless stock data service
        249 12 Bernama KUALA LUMPUR A new and unique stock market information service running on wireless data network for individual investors will hit the Malaysian market next month. Known as "Wireless Stock Information Services" (WSIS), it will enable investors to access on-line trading data information
        Bernama  -  249 words
      • Article, Illustration
        Lock icon Renong set to bag 600b rupee Indian expressway deal: report
        200 12 Bloomberg Business News KUALA LUMPUR Indian officials suggested the government is ready to award Renong Bhd with a contract to manage a 600 billion rupee (5525.8 billion) project that will connect India's major cities with 10,000 km of expressways, the
        Bloomberg Business News  -  200 words
      • Article
        Lock icon Second qtr profit at Thailand's CP Feedmill up 11pc
        200 12 Bloomberg Business News BANGKOK Charoen Pokphand (CP) Feedmill pic, Thailand's largest listed agricultural company, yesterday said its net profit for the three months ended June 30 rose 11.3 per cent, to 375.9 million baht (5522.33 million). On a per-share basis, earnings
        Bloomberg Business News  -  200 words
      • Article
        Lock icon Hang Seng China index of H shares closes 2pc up on debut
        443 13 Reuter HONGKONG The Hang Seng China Enterprises Index, which tracks Chinese state firms listed in Hongkong, rose 2.04 per cent on its debut yesterday, outperforming the market overall. The index of 10 so called H shares rose 26.44
        Reuter  -  443 words
      • Article
        Lock icon Shanghai A shares jump 4pc on record turnover
        244 13 Reuter SHANGHAI Turnover on the Shanghai A share market hit an all-time high of 11.66 billion yuan (Ss2 billion) yesterday, pushing the index sharply higher at the close. The index added 28.95 points, or 4.13 per cent, to 729.52. The previous record
        Reuter  -  244 words
      • Article, Illustration
        Lock icon Changes to Indian patent law a bitter pill to swallow
        366 13 Pharmaceutical firms drawing up new strategies as restrictions loom Reuter BOMBAY Sixty years ago, KA Hamied took time off from fighting for India's independence from Britain to found a drug company that grew dramatically by marketing foreign patented products. Mr
        Reuter  -  366 words
      • Article
        Lock icon China puts floor on float price
        189 13 Bloomberg Business News BEIJING In a bid to shore up the value of the country's foreign-listed companies, China's securities watchdog has banned Chinese companies from listing undervalued shares on overseas markets. The official China Daily yesterday reported that under the new rule, China Securities
        Bloomberg Business News  -  189 words
      • Article
        Lock icon HK Telecom in talks with US retailers on home shopping
        354 13 Bloomberg Business News HONGKONG Hongkong Telecommunications has had talks with several New Yorkbased department store groups over their future participation in a home shopping telecommunications network in the territory. "They are thinking that they can put a warehouse in Shenzhen
        Bloomberg Business News  -  354 words
      • Article
        Lock icon Coles Myer posts 5pc rise in annual sales
        187 13 Reuter MELBOURNE Australia's largest retail group Coles Myer Ltd saw its sales rise 5 per cent to AS 15.92 billion (S$ 17.6 billion) in the 53 weeks ended July 31, from A 515.17 billion in the 52 weeks ended July 25, 1993.
        Reuter  -  187 words
      • Article
        Lock icon BA reports 40pc jump in profits, says traffic demand still strong
        403 13 Reuter LONDON British Airways pic, which reported a nearly 40 per cent rise in quarterly profits yesterday, said it was hopeful for the full year's results with strong demand continuing for both passenger and cargo traffic. "Passenger and cargo
        Reuter  -  403 words
      • Article
        Lock icon Cathay Pacific's interim expected to recover strongly
        405 13 Reuter HONGKONG Cathay Pacific Airways Ltd will see a strong recovery in half-year profits following exceptional losses incurred by last year's cabin attendants' strike, but stiff competition will continue to pare margins, analysts say. "They've done a very good first half," said Gordon
        Reuter  -  405 words
      • Article
        Lock icon Toshiba to make semiconductors in China
        93 13 Reuter TOKYO Toshiba Corp yesterday said it will establish a joint venture to produce semiconductors in China. Wuxi Huazhi Semiconductor Co Ltd. capitalised at one billion yen (5514.9 million), will be set up in October at Wuxi, Jiangsu province. Toshiba will provide 60 per
        Reuter  -  93 words
      • Article
        Lock icon Qingling offer 22.5 times subscribed
        54 13 AFP HONGKONG China's car maker Qingling Motors Co Ltd yesterday said its offer here of 100 million shares was 22.5 times oversubscribed. The international placing of 400 million shares has also been well received. Through the combined offering, some HKS 1.035 billion (S$ 198.7 million)
        AFP  -  54 words
      • Article
        Lock icon Two firms to list A shares in Shanghai
        91 13 Reuter SHANGHAI Two companies will list a total of 50 million A shares on the Shanghai Stock Exchange today, according to their company statements. Harbin Suibao Pyroelectricity Co Ltd will list 25 million A shares issued on June 25 this year in
        Reuter  -  91 words
      • Article
        Lock icon Microsoft chooses Britain's ICL
        55 13 Bloomberg Business News LONDON Microsoft Corp selected ICL pic, the British computer company, to service its products and customers throughout Europe, ICL said yesterday. TTiis is Microsoft's first pan-Europe-an agreement since the Redmond, Washington, software giant decided to concentrate on developing software and letting partners provide
        Bloomberg Business News  -  55 words
      • Article
        Lock icon Campbell Soup's Aussie Asia-Pac HQ
        69 13 Bloomberg Business News MELBOURNE Campbell Soup Co, one of the world's largest food processors, yesterday said it will establish its Asia-Pacific regional headquarters in Melbourne. Campbell has operated in Australia since 1959. Last year it acquired a 58 per cent share of Australia's largest biscuit
        Bloomberg Business News  -  69 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon StanChart expected to post 40pc rise in interim profit
        464 14 Reuter LONDON Standard Chartered pic is expected to unveil tomorrow one of the sector's most impressive set of halfyear results, partially clouded by concern over the group's ac-cident-prone record in some operating areas. The market is looking for a rise of
        Reuter  -  464 words
      • Article, Illustration
        Lock icon Sugar prices surge on news of Chinese purchases
        352 14 Reuter HONGKONG A flurry of excitement is running through the international sugar market with word that China has been buying raw sugar from Australia and Thailand, industry sources said here yesterday. Sugar sources in Hongkong differ on how much China has bought,
        Reuter  -  352 words
      • SMALL CHANGE
        • Article
          Lock icon Visa voted world's leading credit card
          111 14 Bernama KUALA LUMPUR Visa has been voted "the world's leading credit card" by TTG World Wide, a publisher of travel magazines around the world. Visa said in a statement yesterday that it was selected by travel agents who voted on ballots distributed through TTG's
          Bernama  -  111 words
        • Article
          Lock icon Thai bank raises prime rate
          67 14 Reuter BANGKOK Krung Thai Bank pic has raised its prime lending rate to 11.50 per cent from 11.00. Effective yesterday, KTB's minimum lending rate and minimum overdraft rate is 11.50 per cent, reflecting a higher cost of funds. Other major Thai banks Bangkok Bank pic,
          Reuter  -  67 words
        • Article
          Lock icon Three Japanese banks to lift rates
          101 14 Bloomberg Business News TOKYO Japan's three long-term credit banks plan to increase the rate they charge their most trustworthy clients for loans spanning a year or more by 0.3 to 4.7 per cent a year, according to Japan's Jiji Press. Citing unnamed banking industry
          Bloomberg Business News  -  101 words
        • Article
          Lock icon Viet bond issue falls short
          78 14 Bloomberg Business News HANOI A recent corporate bond issue by Vietnam's state-run Hoang Thach Cement failed to raise adequate capital, the Vietnam News reported on Sunday. The paper said the coupon rate of 15 per cent annually offered on the three-year bonds was not competitive
          Bloomberg Business News  -  78 words
        • Article
          Corrections and clarifications
          80 14 IN the BT report published on Aug 5 on a MS 100 million syndicated standby credit to Arab-Malaysian Securities, it was stated that the funding banks Bank of America and Malayan Banking charged interest of 0.5 per cent over their cost of funds for the deal. Tokai
          80 words
      • Article
        3 S'pore financial firms in US$200m bond issue
        241 14 SINGAPORE Three Singa-pore-based financial institutions are taking part in the management of a maiden dragon bond issue US$2OO million (SS3OO million) of floating rate notes by the ExportImport Bank of Korea. The trio are co-lead manager Commerzbank (South-east Asia) and co-managers DBS
        241 words
      • Article
        Lock icon Investment in Thai banking up 202b baht in first half
        194 14 AFP BANGKOK Investment in Thailand's banking sector increased by 202.2 billion baht (5512.1 billion) in the first six months of 1994, while investment declined in other sectors, Thailand's central bank reported yesterday. The capital gain in banking was more than
        AFP  -  194 words
      • Article
        Lock icon Japanese oil industry faces fall in credit quality
        229 14 AFP TOKYO Japan's oil industry faces a medium-term downturn in credit quality as domestic deregulation, a stronger US dollar and higher oil prices erode refinery profit margins, Moody's Investors Service said yesterday. "Continuing low oil prices and a strong yen will mitigate
        AFP  -  229 words
      • Article
        Indon bank launches 7-yr floating rate Eurobond issue
        190 14 SINGAPORE Indonesia's fourth-largest bank, PT Bank Dagang Negara, has launched a US$l65 million (***** million) seven-year floating rate Eurobond issue, the longest maturity to date and the largest-ever Eurobond offering by an Indonesian bank. Announcing the deal yesterday, J P Morgan Securities
        190 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        116 14 THE SINGAPORE dollar yesterday opened a touch firmer than its Friday close. The market was rather quiet on the eve of the National Day, but bullish sentiments over the local currency remained. The Malaysian ringgit eased against the US dollar, as last week's short covering
        Charts by Dow Jones Telerate  -  116 words
      • Article
        Lock icon London
        197 14 Reuter LONDON The dollar managed to push higher amid a mild flow of funds out of yen in Europe yesterday, but trading was so quiet few market players could generate much excitement about the moves. The dollar at 1515 GMT was at 1.5817/24 marks, up slightly from 1.5810/20 late
        Reuter  -  197 words
      • Article
        Lock icon New York
        89 14 AFP NEW YORK The dollar rose against most currencies yesterday in quiet trading dominated by technical factors. At 1:10 pm (1710 GMT) the dollar was trading at 1.5845 marks, up from 1.5800 at Friday's close, and at 101.75 yen, up from 100.20, although a banker said he did
        AFP  -  89 words
      • Article
        Futures rise as Nigerian strike continues
        169 14 Bloomberg ENERGY REPORT NEW YORK Crude oil futures rose amid growing concern that a strike by 60,000 Nigerian oil workers won't be settled quickly. The five-week-old strike, which has cut Nigeria's crude production by about 25 per cent, is still in place even after
        169 words
      • Article, Illustration
        Untitled
        1573 14 I raJe-Meighled index calculated against S'pore j lop 14 trading partner* Base year 1985 US$/S$ forward rates Noon Aug 8 ~ss Bid Offer 1-month 1.5042 1 5057 2-month 1 5031 1.5046 3-month 1.5021 1.5036 6-month I 4978 ***** Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m on
        1,573 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen down sharply on softer yen
        1227 15 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended sharply lower on the back of the softer yen. A dealer with an Asian commission house said there was a sell-off by US funds in Simex Euroyen yesterday. He said market participants were concerned over the
        Reuter  -  1,227 words
      • Article
        Tin closes lower on falls in London
        646 15 COMMODITY REPORTS Rubber TIN closed 16 son lower at MS 13 a kg. mainly due to falls in London last week, traders said. "The market is weak. Sentiment is mainly influenced by the weak sentiment in London." a trader said, noting that poor
        646 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          India restricts coffee exports
          84 15 NEW DELHI The Indian government, in an attempt to bring down domestie coffee prices, has limited coffee exports to 110.000 tonnes in calendar 1994. state-run Coffee Board officials said yesterday. They said the government also had suspended export of the 'C grade robusta varieties as they
          84 words
        • Article
          Nickel rise helps Australia's QNI
          65 15 SYDNEY Rising nickel prices are expected to underpin second-half earnings at Australian metals group QNI Ltd. QNI. which has been plagued by low nickel and cobalt prices and restructuring costs, should show 6-month profits of between ASS million (555.55 million) and A 57.5 million when
          65 words
        • Article
          Aussie cotton production may fall
          93 15 SYDNEY Australia's 1994-95 cotton production could fall to between I million and 1.2 million bales if dry conditions continue, according to early estimates by merchants and processors. The Raw Cotton Marketing Advisory Committee meets today on the Gold Coast to consider its first official forecast
          93 words
        • Article
          German coffee imports
          61 15 HAMBURG German green coffee imports in April totalled 799.969 60-kilogram-bags, bringing the total of the first 4 months to 3.742,935 bags, the German Coffee Association (DKV) said yesterday. The figures don't compare with year-ago numbers because of statistical differences. Imports last year had been reported as 1.041.298
          61 words
    • Article
      COMMODITY PRICES
      1418 15 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 94 I 208.00 300 2750 Oct 198.00 182.00 195.50 375 4475 Nov 183.00 180.00 182.75 525 4450 Dee 183.00 178.50 180.00 325 5375 Jan/Mar
      1,418 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1102 16 -10.8 SHARPLY weaker bonds and a fall on Wall Street dragged the Australian share market to a lower close yesterday, the key All Ordinaries Index finishing 10.8 points (or 0.5 per cent) down at 2,081.1. The All Industrials Index ended 14.6 points weaker at 3,053.9 and the All Resources
        1,102 words
      • Article
        Manila
        693 16 +0.64 Lack of fresh corporate updates along with expectations of higher interim economic growth pushed the Philippine Stock Exchange Index (Phisix) sideways in yesterday's trading, analysts said. The Phisix registered a slight gain of 0.64 points or 0.02 per cent to close at 2,884.03. Turnover rose 136.86 per cent
        693 words
      • Article
        Seoul
        494 16 -12.41 Share prices nosedived yesterday on the Korea Stock Exchange on reports that the government would retain tight monetary policy through August to curb inflation, dealers said. The Composite Price Index shed 12.41 points to settle at 919.76 points. Volume was the year's lowest at 16.5 million shares worth
        494 words
      • Article
        New Zealand
        306 16 -4.64 The share market opened soft but recovered in afternoon trade to finish just marginally lower. The NZSE-40 Capital Index ended 4.64 points down at 2,106.62 but was earlier down nearly 20 points. Volume was a moderate NZ$36 million. The tone was set early by Wall Street's 18.8
        306 words
      • Article
        Bombay
        107 16 -4.23 Lacklustre trading and poor demand kept share prices stagnant on the Bombay Stock Exchange (BSE) yesterday. The 30-share BSE Index dropped 4.23 points to 4,297.34 points. Analyst Namrata Shah said speculators sold moderately but there were few buyers. "Financial institutions, both Indian and foreign, have not been taking
        107 words
      • Article
        Untitled
        474 16 Taipei Aug 8 IS TT- Vd~ Asia Cement 54 00 -0 50 1'63 All Sincere I ml 2.70 unch 1046 China Chemical 41 20 0 80 ***** China Wire Cable 51 50 -0 50 I U4 Catha« Const r 46 50 >-0 20 510* China Dc«dop 141 OU 3 00
        474 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        739 16 Britannia Funds Sterling Cash Bid Offer MimlapDepout 38 6400 38 6 500 Mim Jerse* (.ill 0 1893 0 1992 Mim Ma* Income jO 9200 0 %00 ISS Cash Income P1u» Fund *9 5600 ******0 PS S Reieoe Fund 5 2500 5 2600 Sterling Kquil) Euro Performance 0 4592 0 4938
        739 words
      • Article
        London
        627 16 +4.4 Shares closed slightly higher yesterday in quiet trading amid a dearth of marketmoving news. The blue-chip Financial Times Stock Exchange 100Sharc Index closed at 3,171.9, up 4.4 points from the previous close. The narrower FT-30 Index was at 2,477.0, up 6.0 points. Volume was low with 458.7 million
        627 words
      • Article
        Paris
        162 16 -0.73 French shares ended a moderately active day slightly lower after Wall Street pulled shares back up and dragged the CAC-40 index back to above the 2,100 level. The index had reached a low of 2,090 after an easier opening on profit-taking and technical reaction to July gains. The
        162 words
      • Article
        Stockholm
        118 16 +0.78pc Solid interest in forestry stocks amid talk of the prospects for higher pulp prices carried the Stockholm bourse to a higher close though prices were broadly mixed in line with the cautious European bourse tone yesterday. The OMX Index closed up 0.78 per cent at 1155.42 while the
        118 words
      • Article
        Frankfurt
        184 16 -0.09 German stocks finished official trading virtually unchanged, with a fall in chemical and financial shares outweighing gains in shares of Veba AG and Daimler Benz AG. The DAX Index of the 30 main German stocks closed the floor trading session at 2184.67, down 0.09 from Friday's finish. Among
        184 words
      • Article
        Milan
        137 16 -0.05 pc Italian stocks reversed initial losses to close flat with the market increasingly dominated by derivatives trade, as investors look to hedge the inherent Italian risk with options, dealers said. The Mibtel Index ended off 0.05 per cent to 11,162. With politicians on holiday, the market has been
        137 words
      • Article
        Brussels
        151 16 +0.91 Belgian shares ended marginally higher in lacklustre trading, but dealers said the market undertone was still positive. The Bel-20 Index of leading shares ended 0.91 points, or 0.06 per cent, higher at 1,485.84. A low volume of 629 million francs worth of shares changed hands. "The market seems
        151 words
      • Article
        Amsterdam
        314 16 +1.69 Dutch stocks closed higher as they resumed a summer rally on optimism about sec-ond-quarter earnings. Even as fresh concern was raised over the strength of the US economy, and possible higher rates there, shares closed at their highest since April 15. Gains of as much as 2 per
        314 words
      • Article
        Zurich
        265 16 16.70 Swiss stocks closed 0.6 per cent higher, the first gain in five trading sessions, as drug stocks and Nestle benefited from renewed buying interest. Bank and some insurance shares fell amid gloom about their earnings prospects affer Union Bank of Switzerland last week reported disappointing firsthalf earnings. The
        265 words
      • Article
        Johannesburg
        323 16 +46 South African gold shares benefitted from optimism about prospects for the bullion price yesterday, paring some early losses by the close, dealers said, while industrials extended Friday's strong gains. They said the market had managed gains by the close as selective interest filtered through to other counters. Sentiment
        323 words
      • Article
        Toronto
        265 16 +0.05 Stocks were mixed in quiet midday trading with a calm session expected in the afternoon. traders said. Gains in conglomerates and industrial products were offset by losses in real estate and transportation. The TSE 300 Composite Index edged 0.05 points higher to 4168.59 on volume of 23.68 million
        265 words
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        New York
        690 16 +9 Wall Street stocks continued to trade higher into midday, buoyed by a firm bond market and dollar and bargain hunting following Friday's sell-off. The Dow was up nine at 3,756 while advances led declines by 10 to eight. US Treasuries were in positive territory, with the long
        690 words
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      Lock icon HONGKONG
      3050 17 AFP HONGKONG STOCK prices slipped 0.67 per cent yesterday on fears of further US interest rate hikes, with the key Hang Seng Index losing 64.34 points to close at 9,537.87. Turnover was down to HK53.230 billion from Friday's HK53.687 billion. Brokers said market sentiment was dampened by fear of
      AFP; Source: Bridge Info  -  3,050 words
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      Lock icon CHINA
      568 17 CLSA CHINA B shares saw major buying interest across the board on rumours of a government liquidity injection of 10 billion renminbi to revive the A markets. Turnover in Shanghai A shares saw a record high of 11.4 billion renminbi, up 3.8 per cent. In Shanghai, B shares reacted
      CLSA  -  568 words
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      Lock icon TOKYO
      2584 17 Bloomberg Business News TOKYO Stocks rose for a second consecutive trading day as foreign investors bid up steel and real estate shares on growing signs of economic recovery. "Big steels are still the favourite," said Raymond Bressoud, a trader at ÜBS Securities. The steel sector rose 0.99 per cent
      Bloomberg Business News; Source: Bridge Info  -  2,584 words
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      Lock icon BANGKOK
      1837 17 AFP BANGKOK The Stock Exchange of Thailand (SET) Index wavered yesterday on speculation the US would raise interest rates, sliding 4.56 points, or 0.32 per cent, to close at 1.414.04 points, brokers said. Trading was thin with 89.1 million shares worth 8.3 billion baht changing hands, down from Friday
      AFP; Source: Bridge Info  -  1,837 words
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      Lock icon JAKARTA
      1161 17 Bloomberg Business News JAKARTA Indonesian stocks fell for the first time in six days amid corporate earnings within expectations and renewed concern that US lending rates are headed up. The Jakarta Stock Exchange Composite Index, which tracks all stocks, slipped 0.39 point to 472.41. The GTDBS-50 index, which tracks
      Bloomberg Business News; Source: Bridge Info  -  1,161 words
    • Article
      CLOB INTERNATIONAL
      2509 18 MOST ACTIVE vctane Asia Pac Ld I2.03S.000 Promcl 10.017.000 Mclroplex MX- 9.657.000 BRa>aTSK97 8.317.000 Mulpha Intl 50c 8.263.000 Mm Hvil MV 7.512.000 Kulim(M) W|44 6.164 000 Fabcr Ciroup 5.755.000 kaiminling MX' 5.169.000 Kava 4.978.000 KiBCorpnTSK 4.935.000 Lien Hoc ISK97 4.710.000 Kcnonu BhJ MX" 4.341.000 MOST ACTIVE vak* Mm
      2,509 words
    • KUALA LUMPUR STOCK EXCHANGE
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        Lock icon Retail interest fails to hold up prices
        6167 18 Bernama KUALA LUMPUR Lack of institutional support dragged share prices here to close mixed from a steadier opening yesterday despite continued retail interest. The 86-stock Composite Index lost 12.81 points to 1,076.34 while the main board all share Emas Index ended 2.23 points
        Bernama; Source: Bridge Info  -  6,167 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7885 19 Ur Cr >1 Wi |W| Last Vol Day lM Quo!* D4» Di» VU Net fi» A»g High Low Comfy S«tt ("080) High Low Buyer S«lhf S C'»r P'E Ml Price INDUSTRIAL AND COMMERCIAL 1440 835 *ls Acma 940 -20 84 950 940 940 945 17.5 2.1 19 15 0 647
        7,885 words
      • Article, Illustration
        Lock icon Prices close lower but trading remains brisk
        1856 20  -  By Quak Hiang Whai SINGAPORE Local share prices closed slightly lower yesterday as Malaysian counters traded on Clob saw profit-tak-ing, resulting in the UOB OTC index falling for the first time since July 25. The index fell 3.96 points to 1,172.54. But the
        Charts by Bridge Info; Source: Bloomberg  -  1,856 words
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      246 11 NEWS VALUE How today 's ne*s might affect your stocks S'pore economy grew 10.5 pc in first half (pg l) News will underpin stock market, which has of late been more affected by external factors, particularly Wall Street and the prospects of higher interest rates. Fed seen raising discount rate
      246 words
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      892 13 BA's global ambitions hinge on recovery of (JSAir, Shipping l imes Pg 20 SEMBAWANG m CORPORATION SEMBAWANG CORPORATION LIMITED (Incorporated in the Republic of Singapore) INTERIM RESULTS 1994 THE DIRECTORS OF SEMBAWANG CORPORATION LIMITED ARE PLEASED TO ANNOUNCE THE FOLLOWING UNAUDITED RESULTS OF THE COMPANY AND THE GROUP FOR THE
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      96 15 i r4 v uT3 Al TOPS IK HOME DELIVERY... Find more listings on homes, apartments and condos! TOPS IN WHEELS... New and used cars, trucks and vans. TOPS IN J085... Employment listings in every field! TOPS IN EVERYTHING ELSE... Merchandise, services, holidays, course training and much more! The Straits Times
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      37 15 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing Figures are carried instead. Make new business contacts through classification 203 in The Ji Straits ®\3o Times xR Classified. cjlt.s. 1737-11—1
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      43 16 f psinessßusmessßi is snes Business Times m KNOW ASH Address: fij g Customer Relations Section Circulation Department Jfj Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: m News Centre Singapore 1334 SBPaB Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) I
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      46 17 I|f(f(f(f(pif if f f |f (f> if if if |f |f |f if if (p (p |p f jf|p if EC CALENDARS WITH A T Local Flavour Come to the custom calendar experts: jj^j^ 11A Smith Street Singapore 0105 Good design makes the difference! V S?
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      52 19 With over 215 million cards honoured at over 12 million establishments, MasterCard puts the whole world in your hands. And it gives you easy access to j i Hani ■HHHBHHHHHIHHS STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. rp Business
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      189 20 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 I i I I I i TK-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Every Thursday. VSINGAPORE# f Business Times WE KNOW ASiA NOTICE NOTICE IS HEREBY GIVEN that, I MELSON FRANCIS ANTHONY of Blk 31 Bedok South Ave 2 #15-305 Singapore 1646,
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      321 20 NOTICE NOTICE IS HEREBY GIVEN that, I S. SHANKAR of Blk 239 Bukit Panjang Ring Road #04-101 Singapore 2367, have applied for a Retail Beer Shop Licence in respect of premises at M/s Gillman's Own Provision Shop at Blk IF Gillman Heights #81-49 Singapore 0410, and that this application will
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  • Shipping Times
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      Lock icon Philippine coastal shipping to become safer as trade opens up
      641 21 AFP MANILA Ten million passengers each year hold fast to their luggage with eyes peeled for thieves as they book their passage in the squalor of Manila's North Harbor, and wish for better times for the Philippine domestic shipping scene.
      AFP  -  641 words
    • Article, Illustration
      Lock icon Preserving Nelson's fleet
      65 21 AFP LONDON Free-lance conservator Stephen Conway carefully restores on Sunday the rigging of a contemporary model of the Seahorse, a 38-gun frigate which formed part of Lord Nelson's fleet at Tenerife in 1797. The model is among 3,000 in the National Maritime Museum's collection at Greenwich, which
      AFP  -  65 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      815 21 Page Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 2/3 Bait Orient Line 7 4/5 •Bank Line. The 9 5 Batamindo 7 3
      815 words
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      Lock icon Grain loadings at 2 Canadian ports fall
      168 21 Knight-Ridder VANCOUVER Grain loadings through British Columbia ports fell 8 per cent during the 1993-94 (Aug-July) crop year from the previous year, an official with the Grain Transportation Agency (GTA) said last Friday. Grain loadings at the ports of Vancouver and Prince Rupert
      Knight-Ridder  -  168 words
    • Article
      When charter terms and classification rules clash
      493 21  -  ADMIRALTY CASLBOOk This is a fortnightly column that highlights important shipping court cases By Ramesh Divyanathan SINGAPORE What happens when the loading terms of a charter contract and a ship's classification rules are inconsistent? An English commercial court which came up against this
      493 words
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      Lock icon Positive reaction to Turkey's Bosporus rules
      346 21 Platt's Oilgram LONDON Reaction to Turkey's new regulations governing shipping transit through the Bosporus has been positive, say Turkish shipping sources. Cypriot and Russian shipping officials said the voluntary regulations are not onerous though there had been predictions and protests that they would be
      Platt's Oilgram  -  346 words
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      Lock icon Chinese police capture 257 ships involved in smuggling
      298 21 AFP BEIJING Chinese frontier police cracked 299 smuggling cases between January and June, capturing 257 vessels at sea and seizing goods worth nearly US$7O million (S$ 105.7 million), Xinhua said. Some 24 of the seized vessels were foreign, an official from the
      AFP  -  298 words
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      Daily Freights
      1532 22 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1.474 on Friday from 1.467 on August 4. There was increased activity in most sectors of the market with firmer rates for Capcsizcs in the east and rates steady for Panamaxes. But weaker rates were seen
      1,532 words
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      THE SHIPPING GUIDE
      12277 30 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      12,277 words
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      SHIPPING AGENTS
      3348 35 A Xm.BC Containerline NV: Belsin Shpg Agencies Pie Ltd (SyManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pic Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S).
      3,348 words
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      COURIER SERVICES
      276 35 Abacus Couriers Tel: 545-801 i. Fax: 545-1898. Air Express Intel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services
      276 words
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      AIR FORWARDERS
      1513 35 Abex Express Freight Tel: 542-7171. ha*: *****84. Actiaic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo F\press Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,513 words
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      PORT CONDITIONS
      2785 36 ALBANIA Durres: One vessel in port discharging bagged Hour, no vessels waiting in roads. ARGENTINA Santa Fe, Diamante: No vessels berthed, none in roads, none due. San Lorenzo: Three vessels and one barge berthed. Five vessels in roads and 28 vessels due at nine terminals during the coming
      2,785 words
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      CRUISE & FERRY SCHEDULES
      521 36 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep .Name of Vessel ETA E I'D Ports of Calls Fort Agent Telephone No AUGUST 09 09 Leisure World 1300 2015 Jakarta New Century Tours 227-8284 Corporation 09 09 Coral Princess 1330 2000 Port Klang Scmjom Agencies 227-8284 09 09 Langkapuri Star 1600 2030
      521 words
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      Lock icon SHIP SALES & TANKER RATES
      741 36 SHIP SALES TANKER RATES AFP THE NEWS that Messrs Texaco have joined the trend of major oil companies in distancing themselves from the liabilities of direct ownership has provided a major talking point this week. It would seem that the idea is to dispose of the entire international fleet, retaining
      AFP  -  741 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        554 37 Vessel Voy Wo Bwjfc Arrival Departae Vessel Voy No Berth Arrival Deparlwe Jurone Port UdMola E.p 125 94 Pol* alongside 0808 1100 DmFwSna 17,94 II atongade 1008 2200 Ma,u Y Hua 14 94 P03 alongs* Hanbonn Concord 02/94 117/18 alongside 10 08 0600 Marine P 08 08"
        554 words
      • Article
        CONTAINER SCHEDULES
        2194 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Baiance RsJts Ship Voy No Etb/Btr Period From To From fc, s»an 130A 10/1500 IB 08/1500 *****9 08/1900 28 08/1/00 09,0659 09 0900 4 09/1200 09/1459 09/1700 Ma Umm 148N 09/1500
        2,194 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        600 37 Carbon Carbon Aui 5 Density Water Residue A* Afcnrtun Sedmnt Density Water Residue Mi Abrinun Sedmert Luon Mon KG M*3 V/V M M M M PPM method R G/M*3 M M 1 M/M PPM method Eastern USA 180 Ave 984 0.3 14.3 0 09 11 0.02
        600 words
      • Article
        COCKETT BUNKER MARKET REPORT
        936 37 THIS twice weekly report, compiled 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 based on average-sized stem. Market movements arc indicated. The Cockett Bunker Price Index change and
        936 words
    • Article, Illustration
      Lock icon Minuses of the Maritime Transport Report
      1126 38  -  Jo-no-kuchi finds the report, recently issued in Brussels, sadly lacking in its understanding of the liner trade Jo-no-kuchi International Transport Journal THERE is an English story from long ago of a curate who was taking breakfast with the Bishop. The boiled egg given to
      International Transport Journal  -  1,126 words
    • Article
      TRANSPORT DIARY
      725 38 COURSES Title: lATA-FIATA International Air Cargo Diploma Module I Course (SDF Case-By-Case) Duration: Aug 10 Organiser Materials Management Consultants Tel: For more information contact MMC at 295-3825 or £x: 298-4012. Title: lATA-FIATA International Air Cargo Diploma Introductory Course (SDF Case-By-Case) Duration: Aug 13 Organiser Materials Management Consultants Tel:
      725 words
    • AIR AND LAND TRANSPORT NEWS
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        Lock icon BA's global ambitions hinge on recovery of USAir
        665 40 FT LONDON British Airways yesterday confirmed its reputation as one of the world's most profitable airlines when it reported first-quarter pre-tax profits of £88 million (SS2O4 million), in line with market expectations. Although it has outperformed an improving airline market the International
        FT  -  665 words
      • Article
        SIA, Delta and Swissair to form purchasing agency
        316 40  -  By Alec Almazan SINGAPORE The three airlines in the Global Excellence Alliance Singapore Airlines, Delta Airlines and Swissair plan to set up a purchasing agency in Zurich. "The purpose of the agency is to achieve cost savings through the combined purchasing power
        316 words
      • Article
        CAAS awards $136m deal to STIC unit
        142 40 SINGAPORE The Civil Aviation Authority of Singapore (CAAS) has awarded a $136-million contract to a subsidiary of state-owned Singapore Technologies Industrial Corp (STIC) to build two finger piers at Changi Airport Terminal 2. The contract, awarded to CDC-Construction and Development, also includes retrofitting
        142 words
      • LOG BOOK
        • Article
          Lock icon Steel makers asked to standardise output
          110 40 Bloomberg Business News TOKYO Japan's heavy machinery makers, such as Mitsubishi Heavy Industries Ltd and Kawasaki Heavy Industries Ltd, have asked major steel makers to streamline their operations by standardising steel sheet products, the Sihon Keizai newspaper said on Saturday. Steel makers now produce
          Bloomberg Business News  -  110 words
        • Article
          Lock icon Toyota to make Australia export base
          75 40 AFP TOKYO Japan's Toyota Motor Corp plans to make Australia a base for exports to South-east Asia, the Sankei Shimbun daily said here on Sunday. The largest Japanese car maker has completed a manufacturing plant in a suburb of Melbourne to boost production, the
          AFP  -  75 words
        • Article
          Lock icon Virgin, Air France discuss ventures
          76 40 Reuter LONDON Virgin Atlantic and Air France are discussing joint opportunities ranging from small-scale ventures to Concorde flying in Virgin colours, said the Observer newspaper on Sunday. Virgin wants greater involvement in Europe while Air France needs to trim its aircrafl capacity and cut costs
          Reuter  -  76 words
        • Article
          Lock icon Sabena, Delta plan to strengthen links
          91 40 Bloomberg Business News BRUSSELS Belgium's national airline Sabena said plans to strengthen links with Delta Air Lines Inc will save it "hundreds of millions of francs". Delta is awaiting US Department of Transportation approval to expand their present code-share agreement to services between Brussels
          Bloomberg Business News  -  91 words
      • Article
        Lock icon Car makers, Wall Street differ on outlook for industry
        530 40 Reuter DETROIT American carmakers, powered by booming demand at home and renewed acceptance of their products around the world, are looking forward to several more years of solid growth, but Wall Street is not convinced. Despite record Big Three profits of
        Reuter  -  530 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1401 40 aty w eta nw eto^ Abu MuM Gf 146 1120 GF147 1850 SQ441 1505 GA982 2020 MlMil SQ228 2120 Aimww RJ188 1325 Amsterdam KL843 0505 GA896 0205 SQ323 0830 SQ324 2230 KL837 1450 KL838 2300 Auckland SQ285 2045 IJp>H mz223 1600 B Sari Begawan BI421 1105
        1,401 words
      • Article
        Lock icon US car parts maker expects sales to Japan to double
        324 40 AP NEW YORK The chairman of TRW Inc, the leading US producer of car parts, last Friday said the firm's sales to Japanese car makers are expected to nearly double in the next three to four years. But Joseph Gorman,
        AP  -  324 words
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      40 21 (WESTFAUA\ SEPARATOR J Always on Course FOR SERVICE AND SPARE PARTS SUPPLY, PLEASE CALL ®O@OOOO© ?*****00 Maritime Transport Report lacking in its understanding of the liner trade, Page 18 British Airways' global ambitions hinge on recovery of USAir, Back Page
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      27 21 Lines and service! represented by /9m Members of the Registry of Accredited B@|J) Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contxt Shipping Times: Tel 740-2089/740-2090
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      Page 21 Advertisements Column 3
      34 21 JZ±7M+Rr M R FORWARDING PTE LTD WEEKLY COKSOL TO EUROPE CALL: 0&0QO90 HK Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. Singapore rm^ Business Times WE KNOW ASIA
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      2174 22 mPGXSJo**, IMPORT.... IMPORT.... I NORTH AMEWCAI I OTHER DESTINATIONS I I WORTH AMERICA D—CT CALL TO »B1 CO««T HBO I T9 "fT {WI HW UmK* WWW I I—MOM CM»W« UH (C—CT WW WUT COW) VESSEL VOY STOW U OAK VCR SEA DAL HOUSTON CMC NY jOB OTT VESSEL STORE MHOS
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      2034 23 OOCL IS) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SDN. BHD. 200 CANTONMENT ROAD. #12-05 SOUTH POINT. SINGAPORE 0208 JAV If!" H'J^J 776 fix 6?65^ 5342 03 *****42 CR NUMBER **********0 C D nu TPI" ?jS7<n/a FA* 54P706 IM¥M M DOCUMENTATION TEL *****55 (INWARDI/*****90 (OUTWARD) "POH TEL. *****3/4 FAX.
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      Page 23 Advertisements Column 2
      208 23 Accepting LCL and containerised cargo** Diract to South Africa Spore Durban P EMz C Town FuW Container Service OSAKA MARU 3477F 11/8 23/8 25/8 27/8 HAKATA 9440F 20/8 1/9 3/9 5/9 ORANJE 3517F 30/8 11/9 13/9 15/9 HAYAKAWA MARU 3676F 9/9 21/9 23/9 25/9 VAAL 3774F 19/9 1/10 3/10 5/10
      208 words
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      Page 23 Advertisements Column 3
      2014 23 mumssassm YOU NAME THE DESTINATION WE GET THE JOB DONE Vessel Voy ETA ETO FewJered by L s r^r t destinations Next week maben MAERSK v 9400 16/O6 0000 hrs CFS 15/06 2359 MRS JOH LPK PEN OAK LGB SFO MEM ATI MIA CHS BAL PML NYC TOR MAREN MAERSK
      2,014 words
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      1594 24 AQABA R OAM/ IE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H'BURG A WFRP HAVRE v*EST MALAYSIA KAMAKURA 39/131 10/8 27/8 30/8 28/8 Port Kelang, Penang ELBE 23/331 13/8 22/8 29/8 31/8 3/9 5/9 7/9 Paslr Gudang THAMES 24/132 17/8 3/9 6/9 4/9 EAST MALAYSIA
      1,594 words
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      Page 24 Advertisements Column 2
      581 24 AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi, Islamqala (Doqharun) C.1.5./RUSSIA: Voslocimy, Vladivostok, Moscow, Baku, Taaftkant, Irkutsk. Alma Ata, Ashgabad. Dushanbe, Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR CGM Korrigan V.2274 16/8 14/9 CGM Normandie V.2284 23/8
      581 words
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      Page 24 Advertisements Column 3
      1254 24 NORASIA VSL/wy^^^^^^^Sl^^al^^BC^^VA^^HAN^Bß^^RO^^AN^^FE^^LHA MLLE DC LYRA TO4K 10/08 06/09 31/0« NORASIA SAMANTHA 9431 3 11/08 01/09 02/09 04/09 05/09 06/09 07/09 09/09 NORASIA SUSAN 9432 3 19/08 09/09 10/09 12/09 13/09 14/09 15/09 17/09 NORASIA SJNGA 9433-3 24/08 16/09 17/09 19/09 20/09 21/09 22/09 24/09 VILE DE VELA VO4W 23/08 20/09
      1,254 words
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      Page 25 Advertisements Column 1
      1135 25 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****8* Fax: *****17 Aft#) WW GUINEA PACIFIC LINE BlUaflailßUaillW jaWOP (A SERVICE OF CHINA NAVIGATION CO) CARGO™ WJE SM.S MERUH VOSt Muara. lab PT3 OS Au{ FCL, LCL CONTAINER ANO BREAK BULK SERVICE TO PAPUA
      1,135 words
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      Page 25 Advertisements Column 2
      3044 25 SINGAPORE AGENT: PAttfnitiAfC P&O Containers (Singapore Agencies) Pte Ltd iml W \_j6ll llg\ 1 I d 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 fR-* »o^ 4 vV'> CR Number: **********0Z EXPORT IMPORT VESSEL VO* -PMO 'PKQ UK
      3,044 words
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      Page 25 Advertisements Column 3
      43 25 0 ORIENTAL LINES I INDIAN OCEAN SERVICE CONTAINER/BREAKBULK ETA ETA ETA ETA ETA SINGAPORE COLOMBO MALE MAHE MOMBASA M.V. THOR METTE 01/94 11/8 18/8 20/8 M.V. ORIENTAL 2 25/8 1/9 3/8 8/9 11/9 j Agents: Inchcape Shipping Services Bookings: *****54/*****98 Fax No: *****88
      43 words
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      530 26 EKA JAY A AGENCIES ia|/ TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE i~HO~CHI MWH CITY PAPER I HANPPHONK/P«CT I nknwy HOg iIWBI. I?7M»/W1lt4 J MUM chaw iaaa_ jaaanHUfflfi MANOJ 2T989M WMTB wiLLiAMwgK 2Mo«a ITTWMI/HWKM I TO VIETNAM/HCMC CONTAINEft-FEKDtR SERVICE B> CENTER-POINT <CJ»« 7 LINES <B fl I
      530 words
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      Page 26 Advertisements Column 2
      1364 26 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FOB VSI SM I>C HAUL S£A TVR POX FDR VSI SM LH HAH SAW IM MTC HANJM ROTTERDAM 027t 12/8 OM£CT 1/9 2/9 3/9 HAJUJJ 027 C 12 8 H NEWYOMI 05K 15/9 16/9 11/9 HANJM
      1,364 words
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      Page 26 Advertisements Column 3
      1187 26 ji j ■IfrTdjT® Im use we uc pus it oa ki w no ui as w mc im m w nr w ra w I l 6EHTRY W 950 0/1 10/1 14/1 17/1 l»/l 22/1 23/1 24/1 2S/0 2t/t 27/1 7/1 20/J 22/9 21/4 1/11 4/10 VlO C/ 10 7/10
      1,187 words
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      2416 27 II II sex: 'CALIFORNIA SATURN 67E' eta sgp 10/08/94 II II II ARRIVING LOS ANGELES 27/08/94 IN 16 DAYS 11 Wlwdlir II AEX:'NEPTUNE CORAL 16E'ETA SGP 10/08/94 II II II ARRIVING NEW YORK 03/09/94 IN 23 DAYS ■I EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US QULP MIDWEST
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      1154 27 A MULTILINE SHIPPING PTE LTD Iff (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****88
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      1405 28 44 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO: **********0N/GSI REG HO: M 2-*****99-€) K TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 W W MALAYSIA: K" LINE MARmME (MALAYSIA) SON RHO Mm TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I Jfc A INDONESIA: P.T. SARANA
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      Page 28 Advertisements Column 2
      730 28 ©APPENSHIP HAMBURG l-J^r) CONVENTIONAL INDEPENDENT LINER SERVICE Vy EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOAOMG PORTS CMS CHARGE LOADING FOR SEAKITTIE HAM 01/07 SPORE 18/08 ELENA V ANTW 05/07 SPORE 25/08/BKK 11/08 WINTER ANTW 29/07 SPORE 03/09 CARBIBEAN PRINCESS__ANTW 03/08 SPORE 07/09 //T\\ ISLAMIC REPUBLIC OF [accepting
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      589 28 GOLDEN LINE A guan guan shaping ffiSoi < PTE > LTD w 2l. TtM »r« Strxt SNGAPOK 1104 IE *****11 (10 UKS) Fan *****04 (C« N* **********811) BTRAITI/FEKSLAH GULF MUmCK Spore P Kelang Penang GOLDEN SIM Karachi Dubai Kuwait 1/10 Aug 601KN KM Karachi Dubai/Kuwait 29/30 Aug CHINA 6EKTICE OCN
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      930 29 (PACIFIC INTERNATIONAL LINES (PTE) LTDI I 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I I B M CR NO **********0E I VESSEL VOY SIN CMS JW HOD JED AOJ AOE PZU MSW ASA KOTA WMAWAN WRN4SP 19/8 24/8 31/« 12/9 3/9 5/9 1/9 5/9 23/9 KOTA BE RANI BRNO7B
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      983 29 j^gggg^M vessels *qy u mm haawurc tha—s noutrow Antwerp MUX K LYRA YO4W 10/08 31/08 02/09 03/09 M M 0« M WUt K VEGA GO4M 15/04 06/05 M M 09/01 10/09 12/09 VH.it DC VILA VO4N 23/01 14/01 lt/09 11/09 18/09 20/09 W.LE DC TITAfU TOSW 21/09 23/09 24/09 25/09
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      547 29 BSA li. MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIf Pen P.Gdf m VI29W 12/14 Auf In PI SAGANG V36W 15/27 Auf PAGAN V2I2W 11/20 Auf 21/22 Auf HPA-AN V2041N 24/26 Auf MYOMAYWA VIS3W 24/30 Au| MALAYSIA AGENTS 80USTEA0 SHTPWG AGENCES All: TEL 03-*****00 PAL:
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      2363 32 PERSIAN GULF I JLW I EVERY FRIDAY I aSviiTli Omnf AfMte COSTIff SHIPPING PTE LTD M lG*n**l): *****00 Sties/Booking: AfMley Dept: WPf*« awrrwyrie liv f rG#Mra/ 226J566 Contain*: *****41/844 Container Src B/L *****02 Option Container *****15 DBS BUg Tow* 2 m Conventional: *****50 D/ 0: *****85 Conventional: *****46 Singapore 0106
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      1659 32 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUND P*l PtN K)H SW HKG *A 0 TAI *tE IKY I WAG "06 OS* 1101 MAN HAI 206 NO3/ 0? 08 OS 08 06,08 MM 08 12 08 13 08 15 08 16 08 22/081 23 08 |24 08 H/tt MAN 5 211 NO2O 06
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      710 33 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 14/8 ROTTERDAM 13/8 AARHUS/COPENHAGEN 14/8 HAMBURG/BREMEN 14/8 MARSEILLE/FRANCE 16/8 FELIXSTOWE/UK 15/8 BARCELONA/SPAIN 15/8 LEHAVRE/FRANCE 10/8 GENOA/ITALY 15/8 ANTWERP/BELGIUM 15/8 LOS ANGELES/WC/PI 13/8 SYDNEY/MELBOURNE 12/8 NEW YORK/EC W75 FREMANTLE/AOELAIDE 12/8 VANCOUVER 17/8 BRISBANE
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      972 33 I— HV-rrM 3 vessel f] VESSEL VOYMNpen 8 WAWA BHUM 2408 Tu« mPT St 13/8 Sj AKA BHUM VOY SIN BKK k ISRA BHUM S3S Fri 12/8 Tu« 1«/ l f TT7~ TT~ ——1 ——'I X j, utJA BrfUM 4829 rfi 12/S Ml 13/1 ■HUM 48N Til* IW PT Fri
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      277 33 B RICHFIELD MARINE AGENCIES (S) PTE LTD H TEL: *****33 (12 Line*) \=L FAX: *****15/*****03 B TELEX: RS ***** RISHIP (3 Lines) 1 CR NO.: **********06 m ETHIOPIAN SHIPPING* LINES f (National Linn of EtfWopta) ACCEPTING FCL AND CONVENTIONAL Vmhl Vot ETA Loading For Sport Abbey Worn 40WB 10/00 Mombasa.
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      546 33 BANGKOK/LAEM CHABANG/LAOSj 11/I(TW) 13/» (SAT) !</» (TOE)] WW KDJWG/PEmWG 11/1 (THU), 12/1 (FIB) HON6 KONG U/l (Tig). 12/t (FW) JAKARTA 13/1 (SAT) MANLA/CEBU/SUBC MY IS/S (TIE) HO CH MHH 12/» (FW) SURABAYA 14/1 (SUN) BUSAN 14/1 (SUM) pl PONCNAMA LINE KSSEI r» M fK K KH MC QCMLD VMM 14/1
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      1638 34 ■UUBMN CONTAINER LINES, INC I FK^/VvrlAgents; MAC-NELB SPORE: *****22 (24 LINES) CIV 'c/W Noc UOM79MOM SIBU (064) *****9 KUCHING (082) *****3 PENANQ: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN
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      94 34 SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD WE JOIN ALL SINGAPOREANS IN CELEBRATING OUR NATIONAL DAY fUll COMTAINEH SERVICE VESSEL VOY SIN JKT SERAYA JAYA 168SR IN PORT 08/08 SENTOSA JAYA 236S 11/08 A.M 13/08 SENANG JAYA 206SN 07/08 10/08 ALL VESSELS BERTH AT "Wl" IN JAKARTA ALSO
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      1053 34 THONG SOON LINES PTE LTD 1 78 SHENTON WAY #10-01, SINGAPORE 0207 I \J \J Ta: 227-5088 FAX: 227-6011 I y y TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I 4 mot** moom cemmArr SINGAPORE TO SARAWAK SINGAPORE TCTTHAM-AND VESSEL VOY SPORE PEST VESSEL VOY S'PORE BANGKOK EQUATOR
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      393 38 QHUB 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE SINGAPORE/PORT KLANG/SINGAPORE SINGAPORE/PENANG/SINGAPORE VESSEL VOYAGE SiT PKL VESSEL VOYAGE SW PEW XCHJR JAYA *****N 09/08 (TUE) 11/08 (THU) MCC CONVEYOR 9433 10/08 (WED) 12/08 (FRI) MCC CONVEYOR 9433 10/08 (WED) 12/08 (FRI) XOCJR JAYA
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  • Page 38 Miscellaneous
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      690 38 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2300 3.2 3.0 2.6 1.9 12 0.7 0.4 0.3 0.4 O.t 1.4 2.2 2.5 2.6 2.5 2.1 1.5 1.0 0.7 0.6
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      970 39 HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 [fNA* PKE* PCD* VESSELS VOY I S* I ITM ANT* I LEH* I HAM Bttj Fll 03/08 05/08 06/01 NOR FMBOWG 312W OS/08 26/08 28/08 29/08 28/08 28/08 30/08 10/08 12/08 13/08 H. CHALLENGER 311* 15/08 02/09 04/09 05/09
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      493 39 STRAITS/ JAPAN/ STRAITS SERVICE f SPECIALIST IN RO-RO HEAVY LIFTS L INBOUND VESSELS ffssa «OT V K KUC M MUA Ml CHMrm trader «o hrt 11/1 o***3 MOON M 11/» (Bkk KERHUN 31 IS/S lt/S 12/1 j BAAfi ULLAH 2» hfl 11/1 I KLICU 21 Std tart COSMO LEADER «4
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      1022 39 VESSEL VOY ISW ETA/0 LAX 1 OAK I CHI I DAL MEM/COL IHOU I NYC NOR GEORGE WASHN6TON BRPGE 80A 11/08 28/08 30/08 31/08 01/09 01/ M 02/W 02/W 03/W ALLIGATOR PRCE MA 18/08 04/W 06/09 07/08 08/09 08/09 09/09 09/W 10/W HENRY HUOSON BRBGE 77A 25/08 11/09 13/09 14/09
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      46 40 IANALYSIS I Tomorrow in Business Times ..agy 1 SaftARPENTABIitfII S 7500 A Beachßoad, #08-*****2; The Plaza Singapore Accepting Heavylift Breakbulk SOC to from MANILA SUBIC BAY Direct Enquiries Bookings S pore Tel: 294 5022 Ext. 227 Fax *****30 K.L. Tel: (03) 731 6842/3/4 Fax (03) 731-6860
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      7 40 I ANALYSIS I Tomorrow in Business Times
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