The Business Times, 25 August 1994

Total Pages: 48
1 48 The Business Times
  • 13 1 Business Times MITA(P) 010/12/93 Thursday August 25 1994 WE KNOW ASIA 75 c
    13 words
  • 2am LATEST
    • 51 1 Reuter NEW YORK Wall Street stock prices racked up large gains yesterday. At Ipm EDT, advancing issues led declines 11-8 on active volume of more than 160 million shares on the NYSE. At 2pm EDT, the Dow Jones Industrial Average stood at 3,800.76 up 24.93 points.
      Reuter  -  51 words
    • 43 1 Bloomberg Business News WASHINGTON Microsoft Corp chairman and chief executive Bill Gates intends to sell about 1.23 million shares of Microsoft stock, according to Securities and Exchange Commission papers. The sale is valued at about US$6B million.
      Bloomberg Business News  -  43 words
  • 161 1 Stock Market indices Wednesday Change STII 2,278.82 -24.06 KLSEComp 1,141.57 -4.78 Nikkei 20,511.60 +130.82 Hang Seng 9,238.69 +4.63 SET Index 1,474.58 +2.73 Jakarta Comp 498.54 +2.11 CLSA China B ....1,129.84 +3.00 Aust All Old 2,061.1 +9.5 FTSE 100 3,205.2 30.1 Wednesday Previous 2pm dose Dow Jones 3,800.76 3,775.83
    161 words
  • 137 1 SINGAPORE He Peng Liang, affectionately known to Singaporeans as Mr Charity, died yesterday afternoon of a heart-attack. He was 81 years old. A past-president of the Community Chest and Singapore Council of Social Service, Dr Ee had spent more than half a century dedicated to voluntary work.
    137 words
  • 478 1  -  By Quak Hiang Whai SINGAPORE The Hong Leong group plans to list a major subsidiary said to be Hong Leong Asia on the New York Stock Exchange, sources say. Plans are said to be at the preparatory stage, but if
    478 words
  • 464 1  -  From Loh Hui Yin in YANGON SMILE, Myanmar here we come. It's not a campaign to encourage the Myanmar people to smile. SMILE stands for Singapore-Myanmar International Leisure Enterprise, a company being set up by some of Singapore's heavyweight listed and non-listed
    464 words
  • 238 1 SINGAPORE Regional stock markets yesterday closed mixed, as profit-taking continued to hit prices here while the strong buying was concentrated in the Philippines and Indonesia. In moderate trading that was focused mainly on Malaysian stocks, the Straits Times Industrials Index dropped 24.06
    Source: Bridge Info  -  238 words
  • 270 1 AFP KUALA LUMPUR Malaysia wants to jointly develop a M 52.5 billion (551.45 billion) container port with Indonesia in the Batam tourist island ofT Indonesia. Officials said yesterday the proposed port would be able to handle up to 20 million containers, general cargo and petrochemicals
    AFP  -  270 words
  • 421 1  -  By Shiv Taneja SINGAPORE OCBC Bank has raised its housing loan rates for its Easi-Home Loan scheme by 0.75 point to between 6.25 and 6.5 per cent. With this larger than expected increase, OCBC's rates, calculated on a month-ly-rest basis, are now
    421 words
  • 423 1  -  By Juliette Walker SINGAPORE Trans-Island Bus Service (Tibs) looks set to narrow the lead of its larger rival Singapore Bus Service (SBS). The government has earmarked a number of new bus routes for Tibs to operate and will also
    423 words
  • Page 1 Advertisements
    • 207 1 as CO-2233: Removable CO Tune' nwtti DSP Sound P'Ocesscr/CO Changer Controller FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone; *****33 Kuala Lumpur: Phone; 757 0233 Penang. Phone; 615 985/619 014 Jakarta: Phone *****9/*****8 CONTENTS S? News 2 SKI"-!!.™ Regonal News 3,4.5 Financial 21.22 World News 6.7 Futots Ktafcat* 15
      207 words
    • 10 1 Innovation: Pk 8 Robots take a dive Obituary, Pg 2
      10 words
    • 18 1 fe Hock Lock Siew: pg 17 Rothmans is glowing Nat Steel earnings slip 3pc to $24m, Pg 17
      18 words
    • 13 1 Editorial: M van mar must catch up. Pg 14 Market reports, Pg 24-28
      13 words
    • 61 1 CERRUTIIBBI SWISS WATCHES Time is on my side Bottom Line: Pg 16 Taming the cwrencies s m Each dish is brought to perfection 'with the true Cantonese of tantalising tastes. f" m a Tavilioti S t. U r»«t 15 I 21 Amber Road, Chinese Swimming Gub, 101 Singapore 1543. Tel
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 300 2  -  By Claire Leow THE eleetronies boom is keeping local manufacturers of printed circuits and integrated circuits busy, according to figures from the Trade Development Board. Printed circuits and integrated circuits are used in electronic equipment, from computers and telecommunication products to televisions and other consumer products. In
        Source: TDB Trade Stats  -  300 words
    • 474 2  -  By Claire Leow THE government is studying a few sites for a wafer fabrication park for the semiconductor industry to lure investments, industry sources said. A site in Woodlands, said to be over 10 ha, and one of unknown size in Tampines
      474 words
    • 310 2  -  By Lilian Ang THE Kuok group's $400 million Great World City project in Kim Seng Road has been held up by a dispute with a contractor. But the delay could be brief, with construction work likely to resume by midSeptember. Sources say sub-structure
      Photo by Chris Loh  -  310 words
    • 237 2 THE Urban Redevelopment Authority, helped by the Real Estate Developers' Association of Singapore, has produced a "home office" plan for the Geylang East area. The concept is basically an extension of the condominium idea, the big difference being
      237 words
    • 223 2 SINGAPORE must work at developing its own technology and products. Minister of State for Finance and Defence, Teo Chee Hcan, said yesterday: "We need to encourage more of the new breed of tech no-entrepre-neurs. who possess both technological know-how and the entrepreneurial drive
      223 words
    • 271 2  -  From Florence Chong in NEW YORK INTERNATIONAL credit rating agency. Standard Poor's Corporation, is planning to open offices in Singapore and Hongkong within the next 12 months to expand its coverage of Asia. The Singapore office will oversee business in South-east Asia
      271 words
    • 322 2 Obituary EE PENG LIANG, who died yesterday, earned the nickname "Mr Charity" for a lifetime of voluntary service. For over half a century, he had championed the cause of the needy from ex-lepers to unwed mothers, and the disabled and underprivileged of all descriptions. Mr Ee.
      322 words
    • 188 2 THE lawsuit brought by Edward Goh Kim Hai against his former employer. Pacific Can Investment Holdings, was adjourned yesterday to Oct 12. The case will reopen under a different judge. After a morning's deliberation. High Court Judge Warren Khoo said that he was unable
      188 words
  • Page 2 Advertisements
    • 532 2 I@UHIIS YEAP *****15 j I SELLING YOUR HOUSE? i H I only specialise in selling properties quickly. I have a track record of J I ■HHfIBB transactions even the big boys wtfl be proud of. My m HI inupyij success story couldn't be better told ...126 properties W in 12
      532 words

  • SOUTH-EAST ASIA
    • 593 3  -  From Leslie Lopez in JAKARTA UNLESS a white knight emerges soon, one of Indonesia's most prominent textilebased groups is likely to come under the hammer. Banking sources say the Finance Ministry has ordered debt-ridden Kanindo Group to settle immediately several hundred million
      593 words
    • 336 3 Bloomberg Business News CANBERRA The Indonesian government has signalled that it may reverse its June ban on three weekly magazines. "It was not a decision relished by the government," Indonesian Foreign Minister Ali Alatas told journalists at the end of two
      Bloomberg Business News  -  336 words
    • 225 3  -  -By Leslie Lopez JAKARTA President Suharto was discharged yesterday after spending Tuesday night in an army hospital where he underwent tests for kidney stones. State secretary Murdiono said yesterday the 73-year-old president was in "good health" but his ailment would prevent him from attending
      AFP  -  225 words
    • 267 3 MBT KUALA LUMPUR Malaysia's central bank, Bank Negara, wants to establish a banking mediation bureau to help resolve public complaints impartially and effectively. The proposal was made during the bank's annual dialogue with finance companies in Kuala Lumpur on Tuesday, according
      MBT  -  267 words
    • NOTE BOOK
      • 101 3 JAKARTA The volume of funds mobilised through Indonesia's capital market is expected to nearly double to 12 trillion rupiah (SSB.3 billion) this year from 6.8 trillion rupiah in 1993, the Jakarta Post on Tuesday quoted the president of the Jakarta Stock Exchange as saying. Hasan
        101 words
      • 62 3 AFP JAKARTA Approved foreign investment in Indonesia in the first eight months of the year rose to US$l5.9 billion (Ss24 billion), 96.29 per cent more than for the whole of 1993, Investment Minister Sanyoto Sastrowardoyo said yesterday. Japan was the leading investor with US$lB billion,
        AFP  -  62 words
      • 102 3 Reuter MANILA Philippine Transportation and Communication Secretary Jesus Garcia has proposed the merger of two consortiums planning to launch separate satellites. The proposal followed last week's announcement by Philippine Long Distance Telephone Co (PLDT) that it was joining the satellite project of Philippine Communications Satellite
        Reuter  -  102 words
  • Page 3 Advertisements
    • 47 3 V jm Its ultra responsive 20 valve I 5-cylinder engine, precision front.u 8 and patented Delta ImShkjTV /1 MM J||SS& have the 14 like Side Impact Protection System BBSs W V f safety seat make a S VI Motors 24»J Alexandra Road. Singapore 031 "> Tel 473 14H8
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  • CHINA/HONGKONG/TAIWAN
    • 448 4  -  Four-fold increase in year makes it Shanghai's fastest growing investor in the first seven months By Schutz Lee SINGAPORE Singapore was Shanghai's fastest growing investor in the tirst seven months of the year, having poured in four times the amount of funds compared with the
      448 words
    • 167 4 Reuter BEIJING China's prosperous eastern province of Zhejiang has been devastated by a killer typhoon, with the city of Wenzhou alone saying that its worst storm in 160 years has killed at least 1,000 residents. The province as a whole faces economic losses that provisionally
      Reuter  -  167 words
    • 303 4 AP BEIJING Chinese lawmakers yesterday met to discuss major financial legislation. During its eight-day session the Standing Committee of the National People's Congress. China's top legislature, is expected to vote on draft laws on commercial banks, advertising, arbitration and auditing. Zhou Zhengqing. deputy
      AP  -  303 words
    • 216 4 AFP HONGKONG Authorities in southern China's Guangdong province have started to crack down on travel agencies suspected of sending criminals abroad on group tours. The China-backed Wen Wei Po yesterday reported that the Guangdong Provincial Tourism Administration and the provincial Public
      AFP  -  216 words
    • CHINA WATCH
      • 70 4 AP HONGKONG China will launch an Australian communications satellite this Sunday, the Wen Wei Po newspaper said yesterday. Optus 83, owned by the Sydney-based company Optus Communications Ltd, will relay television signals and telephone calls to Australasia. Technicians from Hughes Space and Communications Co, the
        AP  -  70 words
      • 87 4 AFP BEIJING Relatives of 10 Chinese fishermen killed in a typhoon in the Taiwan Strait in July have left for Taiwan, pledging to find out "the truth of the incident", the China Daily said yesterday. The group of 10 relatives left on Tuesday
        AFP  -  87 words
      • 69 4 Bloomberg Business News HONGKONG China is sending a team of officials to Hongkong to be briefed on Hongkong's broadcasting, culture, education. recreation and information policies. The delegation will be led by Yin Zhiliang. director of the Hongkong, Macau and Taiwan Affairs Department of the Ministry
        Bloomberg Business News  -  69 words
      • 81 4 Reuter TAIPEI Taiwan has lifted a ban on the establishment of new bill finance companies and eased curbs on the handling by banks of commercial paper business. The Finance Ministry announced rules, effective yesterday, on supervising bill brokers and requires a minimum NTS 2 billion
        Reuter  -  81 words
  • Page 4 Advertisements
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  • REST OF ASIA
    • 369 5 First increase in 23 months as consumers re-emerge Bloomberg Business News TOKYO In a clear sign that Japanese consumers are spending more money, sales at Japanese supermarket and general merchandise chains rose 2.8 per cent last month from a year ago, the
      Bloomberg Business News  -  369 words
    • 246 5 AFP TOKYO Drought has forced Japan's Mitsubishi Oil Corp to import water from Alaska to relieve a serious shortage at its refineries in western Japan. A company spokesman yesterday said a tanker carrying 6,500 tonnes of water left Anchorage, Alaska, on Tuesday for
      AFP  -  246 words
    • ASIA NOTES
      • 89 5 Reuter CANBERRA The Australian government will slash spending to protect deficit targets if the ruling Labor Party's left-wing blocks plans to sell the national airport network, finance minister Kim Beazley said yesterday. "The government's deficit reduction target remains in place," Mr Beazley told parliament.
        Reuter  -  89 words
      • 90 5 AFP COLOMBO Sri Lanka's main opposition party yesterday elected a former dissident, Gamini Disanayake, as its parliamentary leader, the general secretary of the United National Party (UNP) said. The 94 UNP legislators held a closed-door session to elect 52-year-old Mr Disanayake. The vote sidelined
        AFP  -  90 words
      • 96 5 Bloomberg Business News TOKYO The Japanese finance ministry is considering raising the capital gains tax as part of a tax reform package for fiscal 1995, said the Nikkei newspaper, Japan's leading financial daily. The ministry and some ruling coalition goverriment members favour increasing the
        Bloomberg Business News  -  96 words
    • 52 5 Reuter ULSAN, South Korea The 61-day labour dispute at Hyundai Heavy Industries ended on Tuesday. Company president Kim Jung Kuk (left) and union leader Lee Kap Young shook hands yesterday to mark the end of the long dispute. Workers were told they could return to work from
      Reuter  -  52 words
    • 396 5 AFP SYDNEY A campaign by Foreign Minister Gareth Evans to become prime minister some time in the future has provoked a damaging political brawl for Australia's Labor government. Mr Evans has unofficially declared himself a candidate for the
      AFP  -  396 words
    • 264 5 Reuter NEW DELHI Indian Prime Minister PV Narasimha Rao, reviving, stalled economic reforms, approved a medical drugs policy allowing a majority stake for foreign firms and cutting price controls, newspapers said yesterday. The pharmaceutical industry is one of the key sectors still
      Reuter  -  264 words
  • Page 5 Advertisements
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  • THE WORLD
    • 315 6 Los Angeles Times WASHINGTON The Unitfed States administration is weighing a possible end to most remaining sanctions that the US imposed on China for crushing the 1989 democracy protests in Tiananmen Square, despite President Bill Clinton's assurances three months ago that he
      Los Angeles Times  -  315 words
    • 209 6 FT PARIS Credit Lyonnais, the troubled state-owned French bank, has confirmed that it is preparing criminal charges of financial impropriety against former executives of its lossmaking associate company. International Bankers SA (IBSA). The bank's action is expected to take the form of
      FT  -  209 words
    • 77 6 AFP LONDON Anne Carragher of Christie's auction rooms had the world at her fingertips as she displayed on Tuesday one of the finest collections of celestial and terrestrial globes to be exhibited in Britain later this month. Assembled over 40 years by Prof Rudolf
      AFP  -  77 words
    • WORLD WATCH
      • 106 6 Reuter LIMA President Alberto Fujimori is stripping his wife. Susana Higuchi, of her official functions as Peru's First Lady, saying unscrupulous advisers have skilfully fed her political ambition. "I have decided to separate my wife from her functions of First Lady, a job which she. on
        Reuter  -  106 words
      • 116 6 AP MEXICO CITY Cuba yesterday said it had eased restrictions on legal entries and exits from the island and insisted it still tried to discourage people from leaving illegally. "We try to dissuade as much, as much as possible, candidates from emigrating in rafts," said Jose
        AP  -  116 words
      • 120 6 AP MOSCOW Authorities have arrested two unemployed men and seized 9.5 kg of uranium-238 that had been stolen from a secret nuclear centre. Itar-Tass news agency yesterday quoted a source in the Russian Interior Ministry as saying this was the latest in a series of cases involv
        AP  -  120 words
      • 118 6 Reuter FRANKFURT German intlation probably bounced back up to 3 per cent in August from 2.9 per cent last month. Price data from two key west German states published yesterday show that in July, inflation fell below 3 per cent for the first time in
        Reuter  -  118 words
    • 457 6 Reuter MOSCOW The figures on inflation are good, the rouble is stable and the president says the slump in industrial output has finally come to an end. But figures, like everything else in Russia, do not tell the whole story.
      Reuter  -  457 words
    • 210 7 NYT WASHINGTON US trade officials are nearing the end of intricate discussions with Congress that will give President Bill Ginton a six-year authority to negotiate new trade agreements but weaken US efforts to bring labour and environmental issues into future pacts. The
      NYT  -  210 words
    • 147 7 AP NEW YORK United Nations delegates have began circulating a draft agreement for the world's first legally binding treaty to regulate fishing in international waters. Environmental groups praised the draft, which pro- poses conservation measures aimed at reducing overfishing and allows the boarding of certain
      AP  -  147 words
    • 49 7 AFP LAGOS Women carrying refuse on Tuesday to a dump here that has not been emptied for the eight weeks that people have been on strike in Nigeria. The country reportedly has almost no fuel and most of Lagos has come to a stop. AFP
      AFP  -  49 words
    • 328 7 Reuter WASHINGTON Wall Street's influential debt-rating agencies could be subject tc regulatory oversight under a proposal being readied by the Securities and Exchange Commission. SEC Commissioner Richard Roberts says the agencies are generally doing a good job but "there are instances where
      Reuter  -  328 words
    • 405 7 Reuter BUCHAREST Under pressure to speed up privatisation, the Bucharest government is about to launch a controversial scheme aimed at making Romania a nation of shareholders in thousands of companies by the end of this year. The plan, unveiled
      Reuter  -  405 words
    • 124 7 Bloomberg Business News LONDON The British novelist turned politician Lord Archer has told senior colleagues he has abandoned all his political ambitions because of controversy surrounding his alleged insider dealing that netted an £80,000 (S$ 186,000) profit. The Guardian said. Meanwhile, Trade
      Bloomberg Business News  -  124 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 297 7 Asia s home for the fashion industry. There's no place like Trade Mart Singapore. The region's Located just minutes away from Orchard Road and To find out how you can locate your business at S ngapore, first one-stop business centre designed and dedicated Shenton Way. Trade Mart Singapore has the
      297 words

  • INNOVATION & TECHNOLOGY
    • 854 8  -  Diana Oon discovers a thriving regional market in underwater robots and checks out a new model Diana Oon WITH underwater robots being used incrcasingly in the region over the past 10 years, the race is on to offer more sophisticated machines to cope
      854 words
    • IN TAKES
      • 94 8 SINGAPORE Intex '94, the International Textile and Trim Exhibition to be held here from Sep 20-23, will feature a hightechnology fibre which has won top awards in two recent international shows in China and the US. Bioenergy Fiber, marketed by US-China joint-venture firm Bioenergy
        94 words
      • 109 8 London Press Service HAYES. England A British firm has developed a fast and reliable identity verification system based on fingerprints. The Verdi security system from CRL, a Thorn-EMI company, uses a scanner (above) to enter the fingerprint of a forefinger four times. The four "pictures" are then
        London Press Service  -  109 words
      • 113 8 NYT TOKYO The National Police Agency is considering introducing IC "smart card" drivers' licences that could be used as identity cards or even to start a car. The data storage capability of cards with integrated circuits, agency officials said, could make it possible to
        NYT  -  113 words
      • 94 8 AFP L.OS ANGELES Young children who take music lessons may be on their way to doing better in maths, chess and even reading maps later on. a study suggests. It found that three-year-olds who took keyboard and singing lessons for just a few
        AFP  -  94 words
  • Page 8 Advertisements
    • 44 8 The IBM PC Server. Now available to Benny Ong. And everyone else. Jp9wß v HL t! f k. 188 i IMB Kor morr information, rontart »our nrirrM aMthoriard IBM ifc-alrr. IBM in a rrptlrrrd trademark of International Bnainnw Marhinr* I orporation IBM 21 94SM
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  • THE LAW PAGE
    • 954 9 Lawyers with log-ons are sampling the Internet smorgasbord NYT A GROUP of lawyers were arguing the legal aspects of the O J Simpson case. It was a lively, sometimes heated discussion, with each tidbit of the case chewed over endlessly. The lawyers, however, were in
      NYT  -  954 words
    • 545 9  -  AT THE BAR By Conrad Raj THE DAYS when conveyancing was the bread and butter of most law firms may be nearing an end. This follows the recent decision by the government to set up a committee to look into the fees charged by lawyers for
      545 words
  • Page 9 Advertisements
    • 406 9 r---- ■■I 11 worries are practically over. Okay, so you might have to H give a moments thought to a few odd details, like meeting payroll, H signing contracts, rearranging staff. But at least you no longer 9 H have "buying the right Server" to give you an eye-crossing K
      406 words

  • SPORTS
    • 780 10 AP VICTORIA, British Columbia Linford Christie's quick visit to the Commonwealth Games was just about everything the event's promoters hoped it would be. The biggest name at the Games, the man whose picture was featured in much of the
      AP  -  780 words
    • 672 10 AP VICTORIA, British Columbia In the middle of the track, in lane six, was the towering figure of England's Linford Christie, the Olympic and world champion in the 100 metres. In lane one, was the slender figure of Sierra Leone's Horace
      AP; Reuter  -  672 words
    • 743 10 Reuter SYDNEY Australia's armchair sports fans will have even less reason to drag themselves away from the television when two of the world's largest sports broadcasters start beaming into their homes within the next 12 months.
      Reuter  -  743 words
    • 180 10 Golf Reuter PALM BEACH GARDENS. Florida Australian Greg Norman has qualified to defend his title at the PGA Grand Slam of Golf in November. thanks to some help from his good friend Nick Price of Zimbabwe. The two-day PGA Grand Slam of
      Reuter  -  180 words
    • SIDE LINES
      • 151 10 AP PITTSBURGH O J Simpson has been named to the National Football League's All-Time Team, a newspaper reported on Tuesday. although the league refused to comment. The list was published in the Pittsburgh Post-Gazette, but it won't be released officially until next Tuesday when the
        AP  -  151 words
      • 121 10 Reuter COMMACK, New York Top seed and world Number Two Goran Ivanisevic of Croatia suffered a hip injury and retired from his first-round match with unseeded American Richie Reneberg at the U*****,750 (*****.625) Hamlet Cup on Tuesday. Rcneberg beat Ivanisevic, a Wimbledon finalist this year,
        Reuter  -  121 words
      • 69 10 AP PARIS Two of the top forces in Formula One racing, Renault Motors and the Benetton team, are joining up in a three-year contract, with Renault supplying the team's motors, the companies said on Tuesday. "For Benetton, it's a fantastic day," said Flavio Briatore,
        AP  -  69 words
      • 96 10 Reuter RIO DE JANEIRO Rio de Janeiro intends to bid to host the 2004 Olympics and could build an Olympic enclave, cut off from the rest of the city, to avoid exposing competitors and visitors to the city's notorious crime-rate, mayor Cesar Maia
        Reuter  -  96 words
      • 142 10 Reuter JOHANNESBURG A party of players, coaches and officials of the US National Basketball Association (NBA) arrived in South Africa on Tuesday at the start of a week-long trip to promote the game. Players in the party include John Crotty, the Utah Jazz guard,
        Reuter  -  142 words
    • 285 10 SINGAPORE The Equestrian Association of Malaysia (EAM) will wave the opening flag today for a five-day equestrian meet, highlighted by the 3rd Asean Showjumping Competition on Saturday. Over 100 riders and 150 horses from around South-east Asia will travel to Awana
      285 words
    • SCORE CARD
      • 520 10 VICTORIA Selected Finals: Athletics Men's 110 m hurdles: I Colin Jackson (Wales) 13.08 (ties Games record) 2 Anthony Jarrctt (Eng) 13.22 3 Paul Gray (Wales) 13.54. 100 m: 1 Linford Christie (Eng) 9.91 (GR) 2 Horace DoveEdwin (Sie) 10.02 3 Michael Green (Jam) 10.05. 400 m: I Charles
        520 words
      • Article, Illustration
        60 10 CAPO D'ORLANDO, Sicily World Road Cycling Championships W omen's 50-km team time trial: I Russia 2 Lithuania 3 US. Road race: 1 Monica Valvik (Nor) 2 Patsy Maegerman (Bel) 3 Jeanne Golav (US). Men's 100-km amateur team time trial: 1 Italy 2 France 3 Germany. Road race: i Alex
        60 words
      • Article, Illustration
        357 10 NEW YORK Seeds for the US Open to be played Aug 29 to Sep 11 at the L'STA National Tennis Center in Hushing Meadow Men: 1 Pete Sampras (US) 2 Goran Ivanisevic (Cro) 3 Sergi Brugucra (Spn) 4 Michael Stich (Ger) 5 Stefan Edberg (Swe) 6 Michael Chang (US)
        357 words

  • LIFESTYLE
    • 727 11  -  Its subject is the painter, but its pages expose another talent, writes Gary Schwan Gary Schwan NYT WHAT do Salvador Dali and Timex have in common? Their watches melt, but they keep on ticking. Dali, the sassy surrealist painter, is being rewound this
      NYT  -  727 words
    • 216 11 AP Eighty-one storyboards planning scenes for an upcoming Batman movie were stolen from a locked room at Warner Bros studios, prompting an internal investigation at the lot. The 81 pencil sketches, valued at about US$4,OOO (556.000), were on B'/2 by
      AP  -  216 words
    • 179 13 Myung-Whun Chung says his contract was terminated illegally AFP Myung-WHUN Chung, fired as musical director of the Paris Opera, sued the organisation for breach of contract on Tuesday. Chung, bom in South Korea and now a US citizen, is seeking recognition from a Paris
      AFP  -  179 words
    • 539 13  -  Paul Raeburn on why some people stay slim even when they overeat Paul Raeburn AP PEOPLE who exercise then reach for more snacks might not lose weight, but they will alter their body chemistry in a way that burns up more fat,
      AP  -  539 words
    • 449 13 CHATTERBOX UPI Reuter UPI AP UPI POP DIVA Whitney Houston got rave reviews for her performance last Sunday in Anaheim. California, a show that was a raincheck for a concert Houston had to cancel last July because of throat problems. The concert was a
      UPI; Reuter; AP  -  449 words
  • Page 11 Advertisements
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  • Page 11 Miscellaneous
    • 1147 11 TV RADIO Bast early Charles Bronson (the other seems that Dahlan hasn't quite Charles Bronson lets the hammer drop on a serial killer in gotten over her. Donato and Daughter, 8.30pm, SBC 5 cor riwrwial 19 Mike as her tool. 10.40 Commonwealth Games oooonannci u 1210 AM $eco||d Chances Report
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  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 104 13 MMI 1 22 August to 21 September' 94 Savour all the helpings you desire ol our Jr j house spei lalily. Hainanese Chicken f J Ku ejt only one price. I Relish smooth and lender i hit ken with m steaming, fragrant rice now available at WIV Cate Aladdin What
      104 words
    • 299 13 Honour the singularly J I outstanding. 1 10 t A c&f mm iveriary u C*itKjaporz> jflf I t;/as |H| m Huiuinsfflnn of the V«i r Hnterpri%e iuant Outitandinft Wana/trr f| Cast your nominations now! II fgO Sim-e 1965, the Singapoie Business Awanis have been presented by Business Times and DHL
      299 words

  • 490 14 ifeffOMAL SINGAPORE businessmen and professionals must be among the most frequent visitors to Myanmar. And they have done more just than fill up airline seats. While the early visitors had been more interested in the quick trade, the more recent ones have sunk in, or plan
    490 words
  • WHAT THE OTHERS SAY
    • 244 14 PRESIDENT Bill Clinton deserves credit for the commitment he showed in grappling with a problem that is at the root of much of the social turbulence in the United States. As originally conceived, his crime bill would probably have been even more effective in cleansing society
      244 words
    • 158 14 IN HIS National Day speech in Malay, Prime Minister Goh Chok Tong set a target for the community to achieve in 10 years' time. By that time, he hoped that the percentage of Malay students passing at least 5 O-level subjects will be increased to 60 per
      158 words
    • 136 14 RECENTLY, the Monetary Authority of Singapore (MAS) prudently asked local banks and finance companies to exercise caution when approving loans, especially when HDB fiats are used as the second mortgage. We should never forget that all HDB flats are built with government subsidies. Mortgaging flats and
      136 words
    • 171 14 MANPOWER SHORTAGES are bad news. Soon after the recession in the mid-1980s, industries were told to shift out of labour-intensive areas because, apart from the need to go hi-tech to realise Vision 2020, there were just not enough workers to go around. Wages are also no
      171 words
    • 182 14 THE CONSEQUENCES of a war on the Korean Peninsula are almost too horrid to contemplate, but Pyongyang's continuing brinkmanship is making peace a little hard to stomach also. For more than two years. North Korea has played games with the West over its nuclear programme: promising
      182 words
    • 168 14 UNLESS new Sri Lankan Prime Minister Chandrika Kumaratunga makes a deal with the Tamil rebels, she might be saddled indefinitely with an opposition president who is in a position to scuttle her political agenda. That is one reason why many Sri Lankans saw
      168 words
  • 951 14  -  Advertising on European airwaves remains decidedly national despite the creation of the European Union. Erik Ipsen describes how MTV the pioneer of pan-European broadcasting is reorienting itself accordingly Erik Ipsen IHT FIVE YEARS AGO, when Bill Roedy came to London to head MTV
    IHT  -  951 words
  • Page 14 Advertisements
    • 108 14 BEHIND EVERY SUCCESSFUL COMPANY, THERE IS A LEUWICO OFFICE FURNITURE SYSTEM > |L *j I RfeMMdfl TP. i :M9^m And that is true. Because Leuwico is specially designed to meet every organisation's need of creating their workplace condusively. With height adjustable desk as one of the main features, Leuwico comes
      108 words
  • Page 14 Miscellaneous
    • 59 14 liiL Ict/ WRS P*C£.TOI3NING v>ie*.e NOVJ w TUG. oFrce\ TO &e; p£esE_N~r £eD TO CRIMSON JU=,r NOLJ UHerJ ITWS FN SfiEjCTPCL£-/ RV4O GOING TO LJP\S SMOUTING rne. J \QF L.W»NG> OOLOUg...y SHP\D£ "1/ lor mue M J&L kj (IDON'T <NOU) U3HPT W- v» .J*3££&ufz*m.UJ~ xgy wef l mJ" POONESBURY GARRY
      59 words

  • ANALYSIS
    • 1333 15  -  While Hongkong Correspondent Lim Soon Neo discusses the way the Securities and Futures Commission is coming down hard on insider dealing and other market malpractices, Louise Lucas finds the colony's attention directed towards an allegedly rigged land auction Louise Lucas FIRST,
      1,333 words
    • 901 15 FT IN the coming weeks, many of Hongkong's rich and powerful will be paying a visit to the dingy offices of the Independent Commission Against Corruption (ICAC), the government body charged with stamping out corruption in the colony. The subject matter, privately described as "cheating
      FT  -  901 words
  • Page 15 Advertisements
    • 195 15 FOR SALE LUNA PARK, MELBOURNE, AUSTRALIA Melbourne Landmark Bay Front Location i■ O |-.#nn f I Keaeveiopmenr rorennoi Famous 2.93 acre Amusement Park operating since 1912, Luna Park is located in St Kilda, only 3.5 kms from Melbourne's city centre. Currently achieving a high return and located adjacent Port Phillip
      195 words
    • 182 15 jfleditefrarmiri SFemt tTortXll (t JP Bastiani, lunch is a Mediterranean culinary ""TS experience to be savoured in every sense. Prepare to be overcome by the aroma of delicate Lunch: spices wafting from our wood burning oven and grill. $26 pTr'perso^ Your tastebuds will be tempted by our 3-course menu 3-course
      182 words

  • 511 16 Reuter, AP, Bloomberg Business News WASHINGTON Orders to US factories for big-ticket durable goods plunged 4.2 per cent in July, the biggest decline in two-and-a-half years, the government said yesterday. The drop in orders for durable goods, which includes everything from refrigerators
    Reuter,; AP,; Bloomberg Business News  -  511 words
  • 360 16 Reuter SOMERS, New York IBM Corp yesterday slashed prices on selected models of its personal computers by up to 27 per cent, setting the stage for a much-anticipated price war with its closest competitors. The leading maker of mainframe and personal
    Reuter  -  360 words
  • 357 16  -  From Al Labita in MANILA VISITING Japanese Prime Minister Tomiichi Murayama told President Fidel Ramos yesterday that he would consider granting incentives to small and medium Japanese firms to encourage them to invest in Manila. The two leaders met for one-hour
    Reuter  -  357 words
  • 422 16  -  From Ho Kay Tat in KUALA LUMPUR MALACCA chief minister Rahim Thamby Chik was expected to step down as head of the powerful Umno youth wing because of personal problems, the influential Malay daily Utusan Malaysia said in a front page lead
    422 words
  • 208 16 AH BEIJING China's ccntral government, alarmed by skyrocketing prices and the possibility of social unrest, issued two urgent notices yesterday calling for stability in the marketplace. "Currently, the consumer price index and market prices are still going up at an
    AH  -  208 words
  • 849 16  -  The Bottom Line RUDI DORNBUSCH RUDI DORNBUSCH The writer is professor of economics at Massachusetts Institute of Technology. This article first appeared in Business Week IN 1944, the financial leadership of the free world met in Bretton Woods to map out a
    849 words
  • 316 16  -  Reports from Loh Hui Yin in YANGON SINGAPORE companies expanding into the region were told yesterday to make sure their efforts benefit the host countries. "The secret behind Singapore's success and growth is our commitment to long-term relationships and our belief in
    316 words
  • 274 16 Los Angeles Times NEW YORK The Securities and Exchange Commission has taken the first step towards directing the nation's stock exchanges to impose harsher penalties and otherwise crack down on dishonest brokers at Wall Street firms. In letters dated Aug 4. copies of
    Los Angeles Times  -  274 words
  • Page 16 Advertisements

  • COMPANIES & MARKETS
    • 404 17  -  By Lilian Ang SINGAPORE Soft steel prices and high costs dragged down Nat Steel's net earnings 3 per cent to $24.23 million in the half-year to June 30 despite a 23 per cent rise in turnover to $706.97 million. Steel-based Nat Steel's
      404 words
    • 424 17 SINGAPORE The United Overseas Bank group plans to list its Malaysian subsidiary, Chung Khiaw Bank (Malaysia) Bhd, over the long-term, chairman Wee Cho Yaw said in Kuala Lumpur yesterday. The Malaysian Business Times quoted Mr Wee as saying the group would float Chung
      424 words
    • 393 17  -  By William Chia SINGAPORE Fast-food and paper trading group InnoPacific Holdings Ltd has entered into a joint venture to set up a chain of Shakey's pizza outlets in India. Inno-Pac managing director Gopinath Pillai told reporters yesterday that its joint venture partner was Pamnani
      393 words
    • 868 17  -  v -#;.y HOCK LOCK SIEW f'li' w By Ven Sreenivasan SINGAPORE The recent record price fetched by Tien Wah Press for a piece of land at the Bukit Timah Road area has led some analysts to reevaluate Rothmans Industries Ltd, which
      Source: Bloomberg  -  868 words
    • 287 17  -  By A J Leow SINGAPORE Sports and recreation centre operator Superbowl Holdings will launch a mainboard initial public offer today. Sources say about 50 million shares are likely to be offered at between 80 and 90 cents. There will be two
      287 words
    • 151 17 SINGAPORE The Stock Exchange of Singapore has added rights to the list of counters which can be traded at its authorised trading centres (ATCs). ATCs were introduced last month to allow investors to buy and sell scripless Singapore shares at 12 designated bank branches and 26
      151 words
    • EYE on your STOCKS
      • Article, Illustration
        38 17 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday Overnight events may alter sentiment. Brokers polled: Baring, Fraser. K Goh, Philip. Smith New Court, Tat Lee, and WI Can
        38 words
      • Article, Illustration
        138 17  -  By Quak Hiang Whai Beijaya Leisure, the latest star performer on the market, would have to defy technical trends if it were to continue its upward movements. But the stock has evidently lost steam, losing five cents yesterday to $1.95 after having run up from 1.49 a few
        138 words
    • COMPANIES
      • COMPANY BRIEFS
        • 47 18 SINGAPORE Hai Sun Hup Group hav bought two newly incorporated companies to ease its acquisition of the Ramada Hotel North Ryde in Sydney. The companies are North Ryde Investments, incorporated in the British Virgin Islands, and Stamford Hotels, incorporated in Australia.
          47 words
        • 64 18 SINGAPORE Engineering group Ipco International has injected funds into its Malaysian subsidiary. Ipco Constructors, by paying cash for 4.9 million new ordinary shares of MS 1.00 par value each. With the purchase, Ipco International holds the subsidiary's entire issued capital of five million shares.
          64 words
        • 33 18 SINGAPORE Malayan Credit has announced the appointment of two new directors, effective yesterday. They are Anthony Nightingale, managing director of Jardine Strategic Holdings, and V R Menon.
          33 words
        • 51 18 SINGAPORE United Industrial Corp said yesterday it had changed the name of its wholly-owned subsidiary UIC Petrochemical to UIC Resources. The company's articles of association have also been amended to reflect changes in its main activity, from the manufacture of petrochemical derivatives to real estate development and
          51 words
        • 37 18 IN yesterday's company briefs column, we said Polytek Wearnes had agreed to buy 1.21 million shares valued at $77.33 million in Effort Holdings. The price should be $77,331. We are sorry for the error.
          37 words
      • 513 18  -  Malaysian firm also eyeing numbers betting business there By Agnes Chen GRANITE Industries is in advanced discussions with the South African party which recently offered it a stake in a race course in Pretoria. The Malaysian company is also eyeing
        513 words
      • 335 18  -  By Claire Leow SINGAPORE Singapore Computer Systems yesterday reported a 9.4 per cent rise in interim net earnings to $2.56 million. However, it chalked up a 49.7 per cent rise in turnover to $111.91 million for the period to June 30. A
        335 words
      • 472 18 MBT KUALA LUMPUR Malaysian Industrial Development Finance Bhd (MIDF) is still keen to have a stockbroking arm to complement its activities and help the group become a "financial conglomerate". Chairman Zain Azraai Zainal Abidin said after the company's annual general meeting here
        MBT  -  472 words
      • 182 18 BANGKOK Finance One pic said its consolidated net profit for the six months ended June 30 was 1.18 billion baht (5570.8 million), or 9.34 baht per share, a rise of 178 per cent from the same period a year ago. Finance One
        182 words
      • 194 18 Bernama KUALA LUMPUR Public Bank Bhd has entered into a conditional placing cum underwriting agreement with Rashid Hussain Securities Sdn Bhd for its proposed issue of 100 million new ordinary shares of 50 sen each. Under the agreement, Rashid Hussain Securities would
        Bernama  -  194 words
      • 278 18 Bernama KUALA LUMPUR Construction and Supplies House Berhad (Cash) has been invited by Innovision (PNG) Pty Ltd to develop the 300.000-ha Makapa timber concession in Papua New Guinea. Cash yesterday said its proposal to Innovision had been accepted in principle and it
        Bernama  -  278 words
      • 151 18 Bernama KUALA LUMPUR Tan Chong Motor Holdings Bhd has posted a group pre-tax profit of M 561.18 million (5535.9 million) for the half year ended June 30, 1994, up 17 per cent from M 552.48 million in the previous corresponding period.
        Bernama  -  151 words
      • 676 18 Payment Ex Books Pay date close date Alex Hldgs 50* b 6 Sep 6 Sep 12 Sep 22 Asia Pac Ld b 2TE Aug 10 Aug 24 Sep 23 Avimo 20* I 6.25TE Sep 19 Sep 23 Oct 18 BAT 21* I 71.4 Aug 22 Aug 26 Sep 8 BMTSIO
        676 words
      • 529 18 HUeagen'prices Aug 25 Mendaki Gr Fund 1.19 I 22£ > in n nr. Unit Tmtt US Gr Fund 100 104* Singapore unit nisi hmo y fl i aj The Commerce 166 I 76 WVOSl MSI IW The Savings Fund 1.57 1.66 IJnifund 1.53 1.59 Spore Prog Fund 0.71 0.75 Umbond+
        529 words
      • 330 19  -  Profit drop was partly due to lower interest income From Lim Soon Neo in HONGKONG LUXURY car dealer Sime Darby Hongkong, a major profit contributor to Malay-sia-based Sime Darby Bhd, yesterday reported an 18.9 per cent drop in profit attributable to shareholders for the
        330 words
      • 327 19 WING Lung Bank, in which DBS Bank acquired a 10 per cent stake in March 1992, yesterday reported a 12.6 per cent increase in interim unaudited consolidated profit after tax and transfer to inner reserves to HK$ 157.39 million (5530.5 million). The
        327 words
      • 74 19 Reuter TOKYO Nikon Corp and Fuji Photo Film Co have jointly developed a single-lens digital electronic still camera E2s that stores images in a high-speed memory card EC-15, the two companies said on Tuesday. The 15-MB high speed memory card can store and process 43 images in normal
        Reuter  -  74 words
      • 334 19  - Elec Eltek share price up 11pc in past two days By Joseph Rajendran SINGAPORE The share price of Hongkong-based Elec Eltek International Holdings. which will soon list its printed circuit board unit in Singapore, has risen 11 per cent in the past two days in heavy trade. The counter chalked
        Source: Bloomberg  -  334 words
      • COMPANY BRIEFS
        • 80 19 Bloomberg Business News NAARDEN, The Netherlands Dutch diversified trading group Hagemeyer NV said yesterday that its first-half net profit nearly tripled thanks to a large one-time gain from the sale of its stake in a Singapore-based importer of electronic goods. The company said first-half net earnings
          Bloomberg Business News  -  80 words
        • 94 19 AFP SYDNEY Shares in Rupert Murdoch's media giant News Corp rallied to a three-month high yesterday on the eve of its annual profit result, forecast to be a record for the group. Shares advanced to A 59.16 each at the close, up 10
          AFP  -  94 words
        • 51 19 Reuter FRANKFURT Germany's largest chemicals group, Hoechst AG. yesterday reported a sharp rise in first-half profit, boosted by foreign demand. Group pre-tax profit rose to 1.085 billion marks (551.06 billion) from 781 million marks a year earlier. Sales rose to 24.66 billion marks from 22.88 billion marks.
          Reuter  -  51 words
        • 59 19 Bloomberg Business News TOKYO Murata Manufacturing Co. Japan's largest maker of ceramic capacitors, is likely to report a 10 per cent gain in current profit to a record 28 billion yen (SS42O million) when it releases earnings for the fiscal year ending March 1995,
          Bloomberg Business News  -  59 words
      • 219 19 SINGAPORE The technology arm of main board-listed Weame Brothers Wearnes Technology yesterday denied Indian reports that it had entered into a joint venture with a prominent Indian public sector group. A source close to Wearnes said "no one had signed on the
        219 words
      • 355 20 AFP TOKYO Honda Motor Co Ltd yesterday reported a doubling in group profits in the three months ended June 30 from a year ago. The improvement was boosted by the sale of its Rover Group pic shares, the company
        AFP  -  355 words
      • 531 20 Bloomberg Business News SYDNEY Big gains in advertising revenue helped boost newspaper publisher John Fairfax Holdings Ltd's net profit 176 per cent to AS 185.6 million (SS2O6 million) for the year ended June 30. The profit compares with A 567.2 million a
        Bloomberg Business News; Reuter  -  531 words
      • 283 20 Reuter SYDNEY Australia's largest general insurer and motorists organisation, NRMA Holdings Ltd, yesterday unveiled plans for an estimated A 52.2 billion (552.4 billion) public share listing for later this year. But unlike most public share floats, the Sydney-based group will issue its shares
        Reuter  -  283 words
    • FINANCE & COMMODITIES
      • 613 21  -  Move comes as hard times are predicted for currency market By Catherine Ong SINGAPORE Citibank, a major player in the foreign exchange market, sees hard times ahead for currency trading and has set up a global committee to boost its competitiveness in that area.
        Photo by Chris Loh  -  613 words
      • 406 21 Bloomberg Business News BANGKOK Thailand's commercial banks have reduced some deposit rates after a central bank warning that too much "hot money" is flowing into the country. The Bank of Thailand says it is worried that rapid inflows, lured by high interest rates,
        Bloomberg Business News  -  406 words
      • 525 22 Prices slide 35pc from a high of 118 per tonne on fears of oversupply Reuter SINGAPORE Asian electric utilities are heaving sighs of relief after fuel oil prices plunged almost 35 per cent in the past two weeks and now look poised
        Reuter  -  525 words
      • 183 22 fUoomtwr* ENERGY REPORT LONDON Crude oil futures extended Tuesday's gains amid signs of improved demand in the US, the world's largest energy consumer. At spm London time. Brent crude here was 22 cents higher at U5516.17 a barrel, while the comparable
        183 words
      • 287 22 Reuter KUALA LUMPUR Malaysian palm oil suppliers face the possibility of having their licences revoked or paying compensation if they are not able to honour their contracts, according to Primary Industries Minister Lim Keng Yaik. Dr Lim was
        Reuter  -  287 words
      • 222 22 Bloomberg Business News WASHINGTON The National Association of Securities Dealers (NASD) is proposing new rules to prevent abuses by brokers who sell mutual funds and variable annuities. The rules, which have not been adopted, would mean brokers could receive no sales incentives such
        Bloomberg Business News  -  222 words
      • 331 22  -  By Shiv Taneja SINGAPORE The Simex Challenge, a simulated energy and financial futures trading game, kicked off yesterday with 374 teams, far exceeding the 100 teams that organiser Singapore International Monetary Exchange had planned for. The game is to allow members of the
        Photo by Arthur Lee  -  331 words
      • 134 22 Bloomberg Business News BANGKOK ABN Amro Bank NV, the largest bank in the Netherlands, is negotiating with the Bank of America Asia Ltd to buy the Thailand operations of Security Pacific Asian Bank, The Nation reported. The two banking giants have been negotiating the
        Bloomberg Business News  -  134 words
      • 238 22 Knight-Ridder KUALA LUMPUR The global market is adequately supplied with tin despite output falls in Malaysia, Thailand and Brazil, Malaysia Smelting Corp said in a report. "On a global basis, falls in mine production... appear to have been offset by increased output
        Knight-Ridder  -  238 words
      • 290 22 Reuter JAKARTA Indonesia's rice output is predicted to fall by up to 4 per cent this year because of a severe drought in the main rice-growing belt on Java, the Antara news agency said. Amrin Kahar, director general for food and
        Reuter  -  290 words
      • 195 22 Reuter LONDON The doUar ended lower after a short-lived rally attempt stumbled on profit-tak-ing while the bearish mood continued to prevail in a dull session. US-Japan trade talks resumed in Seattle, giving the dollar an early boost as traders noted some indications that the two sides were eager to
        Reuter  -  195 words
      • 81 22 AFP NEW YORK The dollar firmed against the major currencies yesterday here following strong buying during the night on the Asian markets. Around 1345 GMT, the dollar was trading at 1.5413 marks against 1.5315 on Tuesday and 98.43 yen against 97.80 yen. Earlier in London, it traded at
        AFP  -  81 words
      • Article, Illustration
        1366 22 I ratif-Met third index nakttlaied attains! S pore's lop 14 trading partners Base year 1985 US$/S$ forward rates Noon Aug 24 ss Bid Offer 1-month 1.4994 I 5008 2-month ***** ***** month 1.4987 1 5001 6-month I .4962 I 4980 Source: OCBC FOREIGN CURRENCY NOTE RATES At at 9mm m
        1,366 words
    • COMMODITIES & FUTURES
      • 1338 23 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Japanese government bond (JGB) futures ended lower following a rebound in the USS/yen exchange rate. There was a dearth of fresh news to guide the market, so investors looked to foreign exchange movements for direction. A
        Reuter  -  1,338 words
      • 684 23 COMMODITY REPORTS Rubber SINGAPORE: Rubber futures ended lower on balance and in line with declines in Tokyo after edging up slightly in the afternoon on Japanese buying. Brokers said there were some buying orders from Japanese dealers after the Tokyo market slumped to
        684 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 98 23 TOKYO Turkish and Brazilian steelmakers, major suppliers of wire rods to Japan, have given notice that wire rod prices will rise by around 5 per cent for shipment in and after November, reflecting tightening supplies on global markets. This hike, following an
          98 words
        • 87 23 SYDNEY Australia is expected to produce 735 million kg of wool in 1994-95 (July-June), down 3.5 per cent from the 1993-94 output of 762 million kg. industry officials said yesterday. The prospect oi unseasonally dry weather in the next three months is a key factor
          87 words
        • 64 23 HONGKONG Hongkong mills on Tuesday bought more than 20,000 bales of US Memphis-Orleans-Texas cotton following buying early last week, said local traders. One trader said mills still have open positions to be covered for November shipment onwards, but are not sure if the
          64 words
        • 68 23 NEW DELHI The government has allowed the export of 500,000 tonnes of fair average quality wheat. A notification allowing exports is expected in a couple of days. Until now, the government had allowed the export of 300,000 tonnes of superior quality durum wheat with
          68 words
    • 1489 23 Rubber Singapore Commodity Exchange (futures closing as at 5.30p«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 94 207.00 204.00 205.50 400 1450 Oct 197.50 194.00 195.25 700 4600 Nov 187.50 184 00 183.25 350 5000 Dee 180.50 176.00 179.75 300
      1,489 words
    • REGIONAL STOCK MARKETS
      • 1032 24 +9.5 OVERSEAS investors lifted the share market yesterday as encouraging company profits boosted sentiment. The All Ordinaries Index finished at 2,061.1 points for a gain of 9.5. The All Industrials rallied 11.0 to 2.996.2 while the All Resources increased 8.8 to 1,360.8. Turnover totalled 158.8 million shares worth A
        1,032 words
      • 654 24 18.26 Stocks registered a slight rise yesterday borne by dollar-sensi-tive issues and optimism on positive second quarter economic figures, analysts said. The Composite Index rose 18.26 to close at 3,124.11 points. Turnover totalled 4.43 billion shares valued at 2.17 billion pesos. One analyst said the run-up in yesterday's trading
        654 words
      • 295 24 +21.57 Shares rose as investors took their lead from the stronger US and Australian markets. "It held its ground, something a lot of us were cynical about this morning," said a broker. "When it's gone up in recent times the selling has come out but today that doesn't
        295 words
      • 109 24 -39.73 Share prices closed lower as mild selling by financial institutions could not be absorbed by the market while brokers were busy attending to cash shares settlement work, brokers said. The BSE 30-share Index closed at 4,429.05, down 39.73 points. The 100-share National Index fell 14.09 to 2,100.81. "Most
        109 words
      • 560 24 +63.95 Stocks staged a comeback yesterday in modest trading, with banking and insurance registering the largest gain. The 376-issue Weighted Price Index gained 63.95 points to settle at 6,862.14. Turnover was 1.98 million shares valued at NTS 100.3 billion. Rises outnumbered falls by 146 to 132, with 54 shares
        560 words
      • 464 24 -7.87 Share prices slid for the second straight day as a liquidity crunch continued on blue chips. The Composite Price Index lost another 7.87 points to settle at 943.64 during jittery trading. Turnover edged down to 32 million shares worth 620 billion won. Falls led rises 541 to 268,
        464 words
    • WORLD STOCK MARKETS
      • 679 24 +30.1 STOCKS rose yesterday, led by soaring electricity shares and reports that US economic growth is slowing. The FT-SE 100 Index rose 30.1 points to 3,205.2, above the 3,200 for the first time since March 22, when it ended at 3,201.5. Shares surged at the end of the day
        679 words
      • 176 24 +5.66 French stocks rose as weak-er-than-expected data from the US offset higher-than-expected inflation in a major German state. The CAC-40 Index rose 5.66 points to 2,006.29. The index declined earlier when the state of Baden-Wuert-temberg reported an acceleration in the annual rate of increase in consumer prices to 3.1
        176 words
      • 233 24 +21.12 Stocks continued to rally at midday as equities were carried aloft by firmer debt markets, positive bank earnings and higher gold prices. Losses in transportation were overwhelmed by gains in precious metals, financial services and pipelines. The TSE-300 Composite Index was up 21.12 points to 4,232.80 on volume
        233 words
      • 194 24 11.72 German stocks gained 0.6 per cent on the day amid a stronger dollar, good earnings at Hoechst and recovering Deutsche Bank shares. The DAX Index closed up 11.72 points at 2,132.97, extending gains into a second day as investors bought shares battered by a threeday sell-off. The upturn
        194 words
      • 138 24 +6.18 Belgian stocks rose for a second day as a stronger dollar and steadier bond market eased concern about corporate earnings. The Bel-20 Index of leading shares closed up 6.18 points at 1,456.93, its highest for a week. "There were two elements today, the dollar and a better trend
        138 words
      • 243 24 +3.21 Dutch stocks closed higher for the second day as investor confidence was boosted by the gaining dollar and a string of favourable earnings releases. The EOE Index closed 3.21 points higher at 414.04, led by Philips Electronics and financial companies like ABN Amro, Internationale Nederlanden Groep and Amev.
        243 words
      • 127 24 +25.5 Swedish shares surged, led by export-driven companies that investors think will benefit from a stronger dollar. The OMX Index rose 25.5 points to close at 1,112.8. Traders said that a stronger dollar would strengthen profits for companies with a high proportion of sales from exports, like Electrolux. Volvo
        127 words
      • 265 24 10.2 Swiss shares closed higher as the dollar stabilised and markets elsewhere gave investors incentive to buy stocks that had fallen. The SMI Index of 23 leading stocks closed up 10.2 points at 2,541.1, its first advance this week. Ten stocks rose, two were unchanged and 11 fell. with
        265 words
      • 172 24 +34 Italian stocks ended mixed to higher, with many investors betting that shares have already reached their lows and that there will soon be more details on the government's 1995 budget. The Mibtel Index closed up 34 points at 10.945, its fifth rise in a row. "Nothing fundamental has
        172 words
      • 320 24 +33 Shares registered strong gains yesterday as they reacted to gold price strength and firmer world equity markets. Dealers said sharply weaker local bonds had very little effect on prices despite earlier fears that negative sentiment could spill over into shares. "The market is firm. Volumes are steady and
        320 words
      • 780 24 The Dow Jones Industrial Average, which bounced back 24.61 points on Tuesday, was ahead another 13.27 points to ,3789.10 at 11am EDT. The New York Stock Exchange Composite Index was ahead 0.32 to 256.76. while Standard Poors Index was up 0.63 to 465.14. Advances edged declines 888-775 among
        780 words
      • 719 24 Britannia Funds Sterling Cash Bid Offer Mim Cap Depovl B 6400 18 6500 Mini Jtr*) Gill- jOLIOTJ 0.IW2 Mim Mm Income J09I00 0*500 LSSCash Income P1u» Fund *9 5M0 ******0 PSS Rewrte Fund 5 JOOO 5.JIOO Steel ins knuitt Euro PcrimmXc 04S92 0«W Far Em Fund *2 7650 *297M Man
        719 words
    • Article, Illustration
      3160 25 Bloomberg Business News HONGKONG Stocks were little changed after a fall in the morning as investors reassessed Tuesday's public land auction. On Tuesday, the market fell after a government land auction fetched low-er-than-expected bids. "People are rethinking the land auction and they are saying it wasn't really that bad,"
      Bloomberg Business News; Source: Bridge Info  -  3,160 words
    • Article, Illustration
      567 25 CLSA THE Shanghai B market edged up 2.21 points to 852.41 on turnover of US$B.2 million. Tyre Rubber fell 6.6 per cent on heavy turnover of US$l.5 million. Phoenix, on the other hand, rebounded 3.1 per cent on turnover of US$7OO,OOO after losing 20 per cent over the past
      CLSA  -  567 words
    • Article, Illustration
      2512 25 Reuter TOKYO Stocks ended higher amid last-minute buying after a day of directionless trade. Earlier, buying by public pension and insurance funds had underpinned the downside, but the topside stayed heavy because other investors were willing to move amid worries about currencies. "Recently it has seemed like the market
      Reuter; Source: Bridge Info  -  2,512 words
    • Article, Illustration
      1877 25 Reuter BANGKOK Stocks closed the day slightly higher on buying of property and building material counters. The SET Index closed 2.73 points higher to 1,474.58. Falls led rises 172 to 113. Turnover was 12.36 billion baht. "The market is adjusting its support base and investors are consolidating," said a
      Reuter; Source: Bridge Info  -  1,877 words
    • Article, Illustration
      1156 25 Reuter JAKARTA Stocks closed mixed in active trading with investor sentiment strong on consumer stocks while selected big capped shares and banking stocks were hit by profit taking. "It was really healthy trading today with some very impressive volumes. We had expected bank stocks to come ofT slightly but
      Reuter; Source: Bridge Info  -  1,156 words
    • 2194 26 Ilf a -g AiVMil' a„ 4 i mm tCTfa. mm* \sia Pac Ld 24.85«> 000 Bcrja>a L Wt<W I2.5J6.000 Promct 7867 NBT 7,688.000 Mciroplc* 50c 6.WI.000 Mulpha Iml 50c 6.851.000 Bcga>a (iroup j"5S5 tdris Hvd 50c 6 047 *5 Multi-Purpose 5.640.000 Kulim (M) WiW 5.450.000 Kamunling MX" AMDB
      2,194 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 3862 26 Bloomberg Business News KUALA LUMPUR Stocks were mixed in heavy trading as large numbers of investors entered the market to bet on whether the prime minister would announce an election last night during the 20th anniversary celebration of the ruling Barisan Nasional
        Bloomberg Business News; Source: Bridge Info  -  3,862 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8371 27 MAIN BOARD Transaction date: Aug 24 Or tit M #t I ast Vol Day I-»4t Quote Di» Bit M Nrt I f )>( High Low Com pa ii) Sale (000) High low Buyer S«ll*r S t "»r P/E Smil Price INDUSTRIAL AND COMMERCIAL 1440 835 I 4 Aetna 985 -10
        8,371 words
      • 1853 28  -  By R Sivanithy SINGAPORE A strong overnight performance on Wall Street was not enough to prevent the Straits Times Industrials Index from sinking lower for the third straight session yesterday, this time to below the 2,300 support level. Also dragging prices lower
        Charts by Bridge Info; Source: Bloomberg  -  1,853 words
  • Page 17 Advertisements
    • 412 17 NEWS VALUE How today's news might affect your stocks Hong Leong plans to list unit on New York exchange (pg I) Would help raise profile of the Hong Leong group of companies if listing goes through. Tibs set to narrow lead of rival SBS with more routes (pg 1) Tibs
      412 words

  • Page 18 Advertisements
    • 337 18 lAAllMveotvci ere's your chance to get your Masters in HRM from the I TjJnF Hlv/\ lyi C yf\ 1 J prestigious University of Bradford without leaving J Singapore! The University of Bradford, in association with the Singapore Institute of Human Resource Management (SIHRM), now offers a two-year, distance learning, post-graduate
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  • Page 19 Advertisements
    • 272 19 I WOW YOB CAN MANAtE I IYIIIIB INVESTMENT PORTFOLIO I I ANYWHERE. ANYTIME. I \Wso mtU* nWMws/ PP^ If you're involved in the stock market, here's an volume. And, there's the day's top 100 gainers and losers inside tip. (by and plus major market indexes including the Get connected to
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    • 203 19 imsin m WWilWl ItCHMCIM 8382X9 TtCHMH M %I f 1 M PfIPPBHI ihmNUIM MBBI tH'MMCm I I~! 1 TECHNICUM World's First BWKMf M 1 1 j 'I Paul Picot. Connoisseur, and discerning collector of exquisite timepieces. Today, his distinguished name lives on. in one of the most prestigious of Swiss
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  • Page 20 Advertisements
    • 777 20 n Compagnie Financiere de Paribas Head Office: Banque Paribas, 5, rue d'Antin ***** Paris, France. Singapore Branch: 80 Raffles Place #43-01, UOB Plaza I, Singapore 0104. Tel: *****00. Exchange rate at December 31,1993: USDI FRF 5.90 Consolidated Balance Sheet (In millions, at December 31) 1993 1993 1992 (USD) (FRF) (FRF)
      777 words
    • 272 20 Statement by Pansat Communications Pty Limited Pansat Communications Pty Limited would like to publicly clarify its position with respect to Minister Mai's statements regarding cancellation of Pansat's IPA Registration Certificate as appeared in the Post Courier and National in Papua New Guinea and in other international newservices and papers dating
      272 words

  • Page 21 Advertisements
    • 2118 21 "htfi 1 If STATEMENT ON 1 REGENT ON THE PARK, SUZHOU From Suzhou Zhong Xing Real Estate Development Co. Ltd. In recent weeks, various allegations were made against Suzhou Zhong Xing Real Estate Development Co. Ltd., the developers of Regent On The Park, Suzhou. The allegations concern the sale of
      2,118 words

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    • 241 23 Canadian International School (Singapore)... The School, which is fully accredited by the Ministry of Education in Ontario, Canada and registered with the Ministry of Education in Singapore, offers tuition to students from Kindergarten to the OAC (Pre U) level. Instruction provided by professionally certified Canadian teachers. An internationally recognized diploma
      241 words
    • 35 23 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 Straits ©wO Times Classified, cjlta 17*7-I**4l
      35 words

  • Page 24 Advertisements
    • 21 24 W flfi/r- Piaget Boutique and Service > '*—4M dim ft al* *01-01 Mandarin Shopping Arcade, The Mandarin Singapore. m^^BßHß^BaßMMM^Kii'lr'' < i I 1.1
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  • Page 25 Advertisements
    • 139 25 Over 30 years of experience has led i#V Svenson to the Single Hair System Svenson Hair Center has helped thousands of people counteract hair and scalp m problems with their unique formulations based on research gathered from leading r institutions the world over. With years of technological development the Single
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  • Page 26 Advertisements

  • Page 27 Advertisements
    • 73 27 4 lilt Singapore Till. lIOUK OI.ASS* I uiky Il<i/.i 7MWWI Swlls 2TJAW7/7l"* anlui*Hi>l IVI 7 J4I VMffiO i I>c«ii«m.U Ita/a TH m«WWr«%AM WiMUHi.i<k;CcHlionH 27****** 'nnwi* 1(1 .isl tWcM ">42M)m <V Sole Ajciii nn iICMIKCIASS. A) HhMonJ D sm^ixMomil DH ***** H. jr>«m IHErtOURLiLASS H I Tlk* ullid-sliin wdlilt I ol
      73 words

  • Page 28 Advertisements
    • 621 28 ALEXANDRA HOLDINGS LIMITED (Incwporatod In Km Ropubflc of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on Friday 16 September 1994 at 12.1S p.m. at 138 Cecil Street #15-00. Cecil Court, Singapore 0106 for the purpose of
      621 words
    • 49 28 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words
    • 129 28 BUSINESS TIMES This announcement appears as a matter of record only. SHANDONG INTERNATIONAL TRUST INVESTMENT CORPORATION (established under the laws of the People's Republic of China) U*****,000,000 Floating Rate Notes Due 2001 IBJ Merchant Bank (Singapore) Limited KEB (Asia) Finance Limited LTCB Asia Limited Oversea-Chinese Banking Corporation Limited Overseas Union
      129 words
    • 440 28 LUCKY AND SPECIAL NUMBERS SINGAPORE NOTES Special notes with auspicious numbers! Come bid for these coveted $50 "Ship" series cleartext and $2 notes. DATS: Sunday, 28th August 1994 VENUE: World Trade Centre, Expo Hall 1 (Money wo rid Asia 1994) TIME: I.oopm sharp PREVIEW: Sunday, 28th August 1994 11.00 am
      440 words

  • Shipping Times
    • 455 29  -  By Alec Almazan SINGAPORE Homegrown ship chandler Sinwa Ship Supply is setting up a subsidiary in Capetown, South Africa. Sinwa, reputedly among the five biggest ship suppliers in the country, expects the new company to be operational by next year.
      455 words
    • 537 29 News of chief executive Peter Sherlock quitting stuns investors Reuter, Bloomberg Business News LONDON Freight transporter NFC pic stunned investors on Tuesday with news that chief executive Peter Sherlock had resigned, prompting shares to shed more than 7 per cent of their value.
      Reuter,; Bloomberg Business News  -  537 words
    • 411 29 Reuter SAN FRANCISCO Sport fishermen and environmental groups cannot sue Exxon Corp for loss of use of natural resources as a result of the devastating Exxon Valdez oil spill, a federal appeals court ruled on Tuesday. The Ninth Circuit Appeals Court said the
      Reuter  -  411 words
    • 818 29 Page Col Accord Group 8 1-3 Ahlers Lines 13 S Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCI. 5 5 Assist Marine 6 1 Avant Shpg 6 2/3 Bait Orient Line 7 4/5 Bank Line, The 9
      818 words
    • 245 29 SINGAPORE The Committee of Inquiry investigating the explosion at Sembawang Bethlehem shipyard visited the scene yesterday. In overalls and safety helmets and carrying torches, the three-man panel spent about an hour inspecting the stern block of the vessel Comship with officials from the Labour Ministry.
      245 words
    • 390 29 Reuter LONDON Most of the world's oil tanker charterers have used vessels more than 19 years old this year to transport crude oil, despite environmentalists' fears that older vessels may be a potential hazard, according to a recent survey. The survey by
      Reuter  -  390 words
    • 693 30 Production to be increased for Adam Opel's small sporty wonder NYT NEXT month, the Adam Opel plant of General Motors Corp in the eastern reaches of Germany will expand production for the fourth time in a year of a car it was never
      NYT  -  693 words
    • 15751 38 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
      15,751 words
    • 3327 43 ontainerline NV: Belsin Shpg Vgtncies Pic Ltd (SVMarine Handling SdR Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SJAccord Contr Line (PK/PN). Adkris Business orporation Philippine: alsource Shpg Trdg Pte Ltd (S) AHrenkiel Liner Service: Kim Shpg Trflg (S). Alfentros Sea-Air Service: Frata Shpg Pte LtJ(S). Alfted C
      3,327 words
    • 281 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel 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 Tel:
      281 words
    • 1503 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Act i> air Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666 Fax: *****74.
      1,503 words
    • 2892 44 ALBANIA Durres: Three vessels in port operating of which 1 loading chrome ore. 1 discharging tiles on pellets, 1 steel coils; 3 vessels waiting in roads of which 1 to discharge wheat Hour, 2 bagged cement. ANGOLA Luanda, Lobito, Namibe: City and port quiet; berth available with no
      2,892 words
    • 618 44 SHIP SALES TANKER RATES AFP AS the month of August progresses we are seeing a continued slackening in the level of interest in general in the sale and purchase market and this is expected to be the case for the remainder of the month and into September whilst many buyers
      AFP  -  618 words
    • 285 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of V«wl KTA ETD Ports of Calls Port Agent lelephone No AUGUST 26 26 Langkapuri Star 1600 2030 C ruise to Nowhere Jardine Shipping 224-1052 Aquarius Agencies 27 27 Leisure World 1000 2015 Cruise to Nowhere New Century Tours 227-8284 Corporation 28
      285 words
    • SHIPS IN PORT
      • 636 45 VwmJ Voy Wo B«th Armal Dpafture Vessel Voy Wo Berth Arrival Pepartue Juroflg Port Lampung laya 09/94 P04 alongside 24 08/1830 Age) 07/94 12 alongside 25 08/0800 Mahkota Exp 138/94 P01A alongside 2408/1100 Batam 8aru B345 J1 alongside 25.08/2300 Maribor 269W P01 alongside 26.08/2300 Dw Guna 08/03/94
        636 words
      • 1074 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookmf/Batance Rslts Ship Voy No Etb/Btr Period From To From Acx Jade 200B 26/1100 2B 24/1700 25/0659 25/0900 4 25/1200 25/1459 25/1700 Acx Lotus 0556 26/2000 IB 24/1500 24/1659 24/1900 2B
        1,074 words
      • 941 45 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 are indicated. The Cockett Bunker Price Index change and
        941 words
      • 591 45 Carbon Carton fc« It 0ens*? Watw Residue A* Nuririun Sedknent Dmity Water Read* Mi AknMurn Sedbnont MM */M Exxon lxon RG/KT3 V/V M M M M PPM method KG/»**3 V/V M/M M/M PPM method Eastern USA 180 Ave 983 0.3 14.3 0 09 10 0.02 BO/Qrac
        591 words
    • 1392 46  -  With so many liner companies setting up shop in Vietnam the potential for immediate overcapacity is evident. Francine Brevetti reports Francine Brevetti Seatrade Review SEEMINGLY in a flash, Vietnam has been transformed into a bustling centre of container shipping. Over 20 of the world's
      Seatrade Review  -  1,392 words
    • 1433 46 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,503 on Tuesday from 1,506 on Aug 22. Trading remained sluggish in most sectors of the market with little concluded business emerging, brokers said. The 63,880-deadweight-tonne Peter L is said to have been fixed retroactively from
      1,433 words
    • AIR AND LAND TRANSPORT NEWS
      • 272 48  -  By Rahita Elias SINGAPORE The local office of air express giant United Parcel Service has been awarded ISO 9002 certification. And other UPS companies in the Asia-Pacific are working towards this goal by 1996. Certification means that a business conforms to internationally recognised
        272 words
      • 424 48 Bloomberg Business News PARIS Passenger traffic at the world's airports was up 8 per cent in May from the yearago period, with Asian airports showing the strongest rise in passenger traffic, up 9 per cent for the period. Passenger and cargo traffic at
        Bloomberg Business News  -  424 words
      • 334 48  -  By Alec Almazan SINGAPORE Air freight company TNT Express Worldwide says its cargo mix has shifted from documents to higher value parcels. "A year ago. 80 per cent of business was documents and 20 per cent parcels," says managing director Paul Coutts. "Today,
        334 words
      • 50 48 Reuter HAMBURG, Germany Mini car drivers taking a break while about 100 Mini Coopers stand in line at Hamburg s I K fen-y terminal to take the ferry to Silverstone, England, on Tuesday. Three-day celebrations are set to mark the 35th birthday of the cult-car. Reuter
        Reuter  -  50 words
      • 403 48 Reuter DENVER United Airlines and the city of Denver have agreed to settle a dispute over baggage handling that will allow the new Denver International Airport to open no later than Feb 28, Denver Mayor Wellington Webb said on Tuesday. "It's
        Reuter  -  403 words
      • LOG BOOK
        • 110 48 AFP BANGKOK Thai Airways International has announced a no-show penalty of 10 per cent of ticket price for passengers who fail to notify the airline in advance of cancellation or postponement of domestic travel plans. From Sep 1, passengers must inform the airline of
          AFP  -  110 words
        • 63 48 AFP HONGKONG Shougang Concord International Transport Ltd signed on Tuesday a HKSI.I billion (SS2I3 million) order for three new bulk carriers from Japan and South Korea. The contract was signed with Japan's Sasebo and South Korea's Daewoo and Hyundai to build the one-million-tonne carriers, the
          AFP  -  63 words
        • 104 48 Bloomberg Business News HONGKONG A group dominated by Spanish companies has won a HKSI.74 billion (US$337 million) contract from the Hongkong government to build a 1,178 m triple-tower cablestayed bridge and an approach viaduct. The government said the contract has been awarded to a joint
          Bloomberg Business News  -  104 words
        • 62 48 AFP PARIS Air France announced on Tuesday that its planned joint route with Japan Airlines Co (JAL) between Paris Charles de Gaulle airport and the new Kansai airport in Osaka had been deferred. The two airlines signed an agreement in May to provide a
          AFP  -  62 words
      • 195 48 AP WASHINGTON Coming and going set a record in 1993, the busiest year ever for air travel between the US and other countries. Some 92.5 million passengers flew between the US and other nations last year, up 5 per cent from 1992, the
        AP  -  195 words
      • 1747 48 CHy ETA gtg OL Urn DtoM GF146 1120 GF147 1850 6>M|»IH SQ803 2045 SQ804 1145 GA985 1130 Hud VN741 1310 VN740 1410 |t?t I I Hatyai MI893 1810 MI894 1430 GA883 1212 TG407 2120 !f?f Qf82 2 M Ha CM MM City VN741 1310 SQ172 1<X»
        1,747 words
      • 335 48 AFP TOKYO Japan's two biggest carmakers, Toyota Motor Corp and Nissan Motor Co Ltd, announced on Tuesday that their domestic production declined in July from a year earlier while exports increased for the second month. Toyota said its domestic production in July dropped 3.3 per cent
        AFP  -  335 words
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    • 1820 30 IEIfPOniT,,.. [MSPdtWacn, IMSPSnnL*, IMPORT™. mPORT-. NORTH AMERICA] I OTHER DEBTINATIONB I I HORTH AMEBK?A u ¥C 8 s» DM. HOUSTON CHC NT MPCO CITT ftSgl STOW BUENOS WIS MONTEMXO MO 01 lAMBO SANTOS M» ?AUMA fARANAfIIA ft SSI *0T WO LOS AN6EIIS QOLHH »WCOU*W SUTTU STOW onrona* arna n mTs
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  • Page 31 Advertisements
    • 1605 31 /q\ dtb iin IAQniNF SHIPPING AGENCIES JARDINE SNIPPING AGENCIES SDN. BHD* ex*™F«;ssf Mjera i customer Service {It SSSST UTWA O p'SUw Z™'' <o~s. CUSTOMER SERVICE TEL. *****25 JOHOR BAHRU TEL: 02-07-*****70 FAX: 02-07-*****99 Dedicated to Quality Service switchboard tel: *****13 fax: *****42 vou caw couwt on ooci to deliver youw
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    • 1655 31 WE COVER THE GLOBE! VmmM Voy ETA ETO Feedeted by DESTINATIONS M*.t M«t MATHILOC MAERSK v9*o6 f.R«M P. MWlf^gaWTiaTWl^FniffTgCnfflßmigSß?Bßßgniß3sHgjßß cv m m oeoo mrs HIH MM CFS 29/06 2368 MRS JOH LPK PEN OAK |LG6 SFO MEM ATL MIA CMS BAL PHL NYC TOP MATHILDE MAERSK 9408 bO/Oel 31/06 30/06
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  • Page 32 Advertisements
    • 1501 32 r 1 AQABA ROAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON A WERP HAVRE WEST MALAYSIA ESSEN EXPRESS 07/333 26/8 5/9 12/9 '<'9 <7/9 W9 21/9 Port Ketanfl. Psnarvg LA SEINE ***** 31/8 17/9 20/9 18/9 Paair Qudang HOECHST EXPRESS 16/334 3/9 12/9 19/9
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    • 601 32 CECBBB AFGHANISTAN M&M Afghanistan Ltd., Hairatan, Torghundl. Islamqala (Doqharun) C.1.5./RUSSIA: Vostochny, Vladivostok. Moscow, Baku, Tashktnt, Irkutsk, Alma At*. Ashgabad, Dushanbe, Kiev N Korea: Pyongyang, Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO fllf NORTH/WEST AFRICA VESSEL SIN DKR Ned Europe V.2294 30/8 28/9 Ned Hong
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    • 1322 32 I NORASIA NORASIA SMGA 9433 3 25/08 16/09 17/09 19/09 20/09 21/09 22/09 24/09 I VELE 0E VELA VO4N 27/08 24/08 18/08 I NORASIA SHARJAH 9434 3 01/09 24/09 25/09 27/09 28/09 29/09 30/09 01/10 02/10 OWIO I NORASIA KEK 9435-3 05/09 28/09 29/09 26/09 27/09 24/09 25/09 28/09 2«'09
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  • Page 33 Advertisements
    • 1187 33 Wj STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 MJ'lfiMJftWil'lJ'lJil'fMlfldflllJlM NEW GUINEA PACIFIC LINE £fnjgW (A SERVICE OF CHINA NAVIGATION CO) CARGO S DUE SA*S STMIrt VENTURE *2* Muari lib 25 2« Auf 27 Au( 2S Auf FCL, LCL CONTAINER ANO
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    • 2690 33 SINGAPORE AGENT: DJj,/A P&o Containers (Singapore Agencies) Pte Ltd B i\l W 1 IUI 10 Hoe Chiang Road #07-01 Keppel Towers, Singapore 0208 VHHglflnL w Te) 2 25 2233 Tele* RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number **********0Z EXPORT IMPORT WOY -MM -MO mm SOU ANT ROT HAM
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  • Page 34 Advertisements
    • 582 34 rr-rrz— ifK EKA JAYA AGENCIES Aajir TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE [~HO cm MMH CITY PAPER IhAMPPHOHC/MRECT I i henpy HOE 2mm *****2s 1 mahov __a—i nam I 21I111M '"T"'"" 1 1 ►TO VIETNAM/HCMC K CONTAtttCtt-FtEDCR —SERVICE iMJB# CENTER-POINT "to-" 7 LINES una I w
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    • 1318 34 I HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FDR VSI SM 11 M| HAUL SEA YVK POX FDK VSI SX Li® MAUI SAV LM KtC HMUM LONGKACH 0491 2 9 OKCT 22/9 24/9 25/9 HAWK IMWMCHI 049 C 2. 9 M PJOGKS3 OJ4£
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    • 1254 34 -I gi HH BIP MA BHHtf IHIIH I I I »m Iprl scp kss ws kig pus m oa w sw no iu cw u mc un wm rom imp toe pso cmo pu I C ONUS ««3 20/1 MPI 21/1 31/1 ili 1/1 6/0 7/S 1/9 10/9 21/9 4/10
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  • Page 35 Advertisements
    • 2152 35 i*—^^ j| I 'OOCL HONOUR 33W' ETA SGP 27/08/94 11 n B2 I ETA RDM 12/09/94, FLX 13/09/94 II BRE 15/09/94, LEH 17/09/94 II VESSEL "f VOY W1 LOS OAK VAN SIT I ATI VC< ILE I CIB DiL OH HOI WW SOK >>A PLD TOR MO>_ CALIFORNIA JUPITER 76E
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    • 1109 35 A MULTILINE SHIPPING PTE LTD pV (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 y 4 -—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:
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  • Page 36 Advertisements
    • 1319 36 44 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CI NO: 1244J*****0M/GST REG NO: M 2-*****99-6) K- TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 W W MALAYSIA K" LINE MARITIME (MALAYSIA) SON INO I m j TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I A INDONESIA: P.T.
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    • 788 36 ®A PPEN S H I P (2\. HAMBURG W Z CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST m m VESSELS LOADMG POUTS DISCHARGE IOAONG FOR 6UMMAM I ANrw 03/8 SPORE 04/9 CAMMKAM WUIICIU VENTSPILS 06 06 HAM 09/06 ANTW 13/06 P GUOANG 13/09 SPORE 16/09
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    • 462 36 /Wn GOLDEN TiSA guan guan shppmg \gs><\ (PTE) LTD 23. I*k kym Stmt SMGVOK 0104 IE 534 Mil (10 IKS) Fa: $343*04 (Ot N* *****SS0000R) a STUAITS/PEKSIAM OOir IKK TICK a S pore P Ketang Penang GOUXN SIM Karachi Dubai Kuwait W29 Aug GU.OCN GRACE Karachi Dubai Kuwait l/t Sqtt
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  • Page 37 Advertisements
    • 855 37 asaflfg PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building, Singapore 0106. SSOSSSS mm JVfllV CRNO **********0E I I i VESSEL VOY SIN CMB JIB HOD JED AQJ AOE PZU MSW ASA L K OTA BE RANI BRNO7S 1/S 13/9 15/9 17/9 19/9 13/9 17/9 .22/9 3 KOTA
      855 words
    • 966 37 VtSStIS WOT IC HAVKf HAMBURG THAMES WUaWM AHTWtW VK.lt DC VELA VO4N 27/QA 17/09 H/09 20/09 21/09 23/09_ Vt.lt M TITANA TOSN 30/01 21/0* 23/0» 2«/0< 75/09 27/09_ VH.il W TUCANA MM 06/09 2A/OT 30/01 01/10 02/10 0«/10 VULt Pt IBM 104* 05/10 07/10 M/ 10 W/10 11/10 'ALSO ACCIPTMC
      966 words
    • 540 37 M MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KI| Pen PGd| SAGAING V36W IN PORT HPA-AN V2O4W 02/04 S«p 04.06 S«p MYOMAYWA VIS3W 02/04 S«p 05/01 Sep MALAYSIA AGENTS. MUSTEAD SUPPING AGENCKS KUL: TEI 03 *****00 PHI: TEL 03 3(167(7 PEN TEI 04 (1(135 PGO:
      540 words



  • Page 40 Advertisements
    • 1972 40 CpMMTSI 4|9ffts> mctm SHIPPING PTE LTD W (fitMrii): *****00 Sties/Booking: Agencjr Dept: Fax fC«Mfa/): *****06 Container. *****41/844 Container Src fl/L *****02 Operation Container: *****15 oitnZXZr P Telex: ***** COSHIP Conventional: *****50 0/0: *****85 Conventional: *****46 J£2Soi« c*r W«. **********0 rn f£ *****08 Breakbulk Src Docs.- *****50 Element: *****30 vngapom uiw
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    • 1558 40 FOR BOOKING 1800-*****00 (TOLL-FREE) outboono nu mi lOH SK KG *AO I*J_ YOK TKY —255—!!2]—?2L_ WAN HAI 221 /MOO/ 2//08 M 30/08 30 31/08 04/09 04/09 0//Q9 08 09 I WAN HAI 203 N062 27/08 27 28 08 01/09 02/09 04/09 04/09 11/09 12/09 13/09 13 W WAN HAI 213
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  • Page 41 Advertisements
    • 671 41 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 29/8 ROTTERDAM 29/8 AARHUS/COPENHAGEN 29/8 HAMBURG/BREMEN 29/8 MARSEILLE/FRANCE 39/8 EELIXSTOWE/UK 29/8 BARCELONA/SPAIN 29/8 LEHAVRE/FRANCE 31/8 GENOA/ITALY 29/8 ANTWERP/BELGIUM 29/8 LOS ANGELES/WC/IPI 28/8 SYDNEY/MELBOURNE 26/8 NEW YORK/EC 28/8 FREMANTIE/ADELAIDE 26/8 VANCOUVER 26/8 BRISBANE 26/8
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    • 211 41 Guaranteed Smiling* to:BANGKOK lAEM CHAB*NG LAOS 27/1 (SAT). 30/S (THE) PORT KELANG/PENAMG 1/9 (THU), 26/8 (FW) HONG KONG 26/8 (FW). 30/8 (THE) JAKARTA 27/« (SAT) MAWLA/CEBU/SUBIC BAY 30/8 (THE) HO CHI Ht* 26/« (FW) SURABAYA 21/S (SUN) BUSAN 21/1 (SUN) WJJtI SfiP n M W K w SMONC TMCU MM
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    • 587 41 RICHFIELD MARINE AGENCIES (S) PTE LTD UTEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ETHIOPIAN SHffPM IMSi; f (Nrtofld Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vmnl Voy iTA Loading Foe Spore Abbay Wonz 40WB In Pi Mombasa. Djibouti Asaab. Massawa Abbay Wonz
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  • Page 42 Advertisements
    • 1594 42 P.KELANQ: (03) >*****7 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAIINGS/WEEK PEN PK SIN s 24/8 25/8 26/8 HKG/BKK/KEE/KHH Genoa/Barcetona/Marseies 2/9 3/9 4/9 25/8 26/8 27/8 HKG/BKK/KEE/KHH Gburf/Chafen/S'holm/Oslo 28/8 29/8 30/8 26/8 27/8 }m c 4S wl HONGKONG/BANGKOK/PUSAN jPN/KOREA/MANILA S2S r .,^'S2S!',il2® /P UOANO
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    • 204 42 I SEAWARD SHIPPING AND TRADING GO (S) PTE LTD ll* (I* EH spom ran rums piimm Bill JAOt 29 8 7t/l lodAng kx kUK MM HUDHU 30 8 lo«*n( tof Dubai DOIfHN 12/9 S» loading Fof kU« noNEiit sum* 1/9 Loadrng Fot IfUt IMSUW 26 8 lo«fcn« Fof M* fHOQttSS
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    • 1149 42 a THONG SOON LINES PTE LTD T I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I W\y TEL: 227-5088 FAX: 227-6011 I Tl* RS ***** CARRIER, RS ***** JENHOI CABLE: TOSOCO 1' SINGAPORE TO SARAWAK SINGAPORE I TOTHA?LANO «SSEL VOY s PORE OCST VESSEL *01 S'Pfg MRGMK EQUATOR ROYAL 114/4E
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  • Page 44 Advertisements
    • 35 44 o °o LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. VsiNOArc*B» rn Businesslimes wu atom Am PLAY SMART Be part of the good life. Lifestyle. Everyday. Businesslimes
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  • Page 46 Advertisements
    • 410 46 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N v y, rr STRAITS SHUTTLE SERVICE SINGAPORE/PORT K LANG/SINGAPORE SINGAPORE/PENANG/SINGAPORE VESSEL VOY SK PKL VESSEL VOY SW PEW MCC CONVEYOR 9437 24/8/94 (WED) 26/8/94 (FRI) MCC CONVEYOR 9437 24/S/94 (WED) 26/6/94 (FRI) VIGOUR SINGAPORE *****N 26/S/94 (FRI) 28/6/94
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  • Page 46 Miscellaneous
    • 694 46 TODAY'S TIDES in metres) <j HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 It 2.6 2.9 2J 2.5 1.9 1.3 O.S 0.6 0.5 0.6 1.0 1.7 2.3 2.6 2.7 2.5 2.0 1.4 0.9
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  • Page 47 Advertisements
    • 976 47 HYUNDAI I MERCHANT MABINECOLTD. WESTBOUND TO EUROPE BKG: *****61 PWA* PKE* PCD* VtSSaS VOY SIN RTM ANT* LEH* HAM Bttt PEL 24/01 26/08 27/08 H. FROMTER 312* 29/08 16/09 18/09 19/09 18/09 18/09 20/09 31/08 02/09 03/09 SI FREEDOM 312* 05/09 23/09 25/09 26/09 25/09 25/09 27/09 07/09 09/09 10/09
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    • 446 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSSIL HOT fl (DC KK MM M! lAM JUNG UUS 35 30/1 ORANS JKT 23 3/1 1/9 4/J C/ 9 IANRMG fWOH IS M/l IV* OUTBOUND VESSELS SP DUMAI 36/S MV Tan Jang Emai VJS SP PK/KOTA KINABALU 3/9
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    • 1020 47 VESSEL I VOY IS« ETA/D LAX I OAK CHI PAL MOI/COL HOU I NYC I NOR fCWT HUDSON BRPGE 77A 25/08 11/08 13/05 14/09 IS/09 15/W 16/W I</M 17/09 ALLIGATOR VICTORY 55A 01/09 18/09 20/09 21/09 22/0$ 22/08 23/05 23/09 24/09 MACKINAC BRIDGE 78A 08/08 25/08 27/08 28/08 29/08 29/08
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  • Page 48 Advertisements
    • 47 48 I MARKETING I Tomorrow in Business Times r\ "©ARPIiITAIIIA^ 7500 A Beaclt RoadJ»oB*3ol /302. The Pfega Singapore Accepting Heavylift Breakbulk SOC to from MANILA SUBIC BAY Direct Enquiries Bookings S pore Tel: 294 5022 Ext. 227 Fax 297 1930 K.L. Tel: (03) 731 6842/3/4 Fax (03) 731-6860
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    • 0 48 +.,{"~>"_.$!^+<=<!^*[_<*~)](=(^
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