The Business Times, 7 October 1994

Microfilm: NL19582
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    13 1 SINGAPORE Business Times MITA(P) 010/12/93 Friday October 7 1994 WE KNOW ASIA 75*
    13 words
  • Article
    Lock icon Dow down 5.72 points
    52 1 Reuter NEW YORK Stock prices edged higher at mid-session yesterday. At Ipm EDT, in the broader market, advancing issues led declines by a small margin on NYSE volume of more than 153 million shares. At 2pm EDT, the Dow Jones Industrial Average stood at 3,781.62 down
    Reuter  -  52 words
  • Article
    Lock icon Kidder to cut 10% of staff, pare costs
    46 1 Bloomberg Business News NEW YORK Kidder, Peabody Group Inc yesterday said it would slash its staff by 10 per cent, pare its costs by US$lOO million and cut its balance sheet in an effort to stem mounting losses.
    Bloomberg Business News  -  46 words
  • Article
    Untitled
    155 1 Stock market indices Thorsday Change STII 2,333.31 -47.52 KLSEComp 1,143.43 +8.91 Nikkei 19,655.23 -96.32 Hang Seng 9,276.25 -21.11 SET Index 1,481.50 -11.39 Jakarta Corop 511.458 +7.82 CLSA China B 1,174.08 -2.12 AustAllOrd 1,976.3 -3.5 FTSE 100 2,984.4 +28.1 Thmdav Prtriows 2 pm EDT close Dow Jones ...3,781.62 3,787.34 Awip of
    155 words
  • Article
    S'pore business fears strong growth may overheat economy
    628 1  -  By Chuang Peck Ming Ven Sreenivasan SINGAPORE As the economy enters the year's final quarter, the strong growth seen by economists has failed to cheer businessmen. They fear a repeat of the first six months' economic growth, or anything close to it,
    628 words
  • Article, Illustration
    Lock icon Parkway takeover rumour gets a twist
    359 1  -  By Lee Han Shih SINGAPORE Rumours of a takeover of listed property and healthcare group Parkway Holdings have again resurfaced, this time with an Indonesian twist. In the past three days, some 23 million Parkway shares have changed hands, driving prices to a sevenmonth
    Source: Bloomberg  -  359 words
  • Article
    MAS move erodes S$ gains against greenback
    196 1  -  By Paul Leo SINGAPORE The Singapore dollar lost most of its overnight gains to end at S$ 1.4795 against the US dollar in Asian trading yesterday. Dealers said strong demand for the Singapore dollar by US funds on Wednesday spurred the local unit
    196 words
  • Article
    Insas confirms Ayer Molek deal, makes M$ 822m cash call
    540 1  -  By Amy Balan SINGAPORE In a three-in-one announcement, Malaysian firm Insas yesterday reported a hefty rise in profit, revealed a revised rights issue to raise a staggering MsB22 million (***** million) and confirmed that it had bought into smallish plantation
    540 words
  • Article, Illustration
    Lock icon SIA surprises with fare cuts for some routes; shares dive
    323 1  -  By R Sivanithy SINGAPORE Singapore Airlines yesterday announced fare cuts of up to 20 per cent for travel on certain first and business class trips from Singapore, leading to a sharp fall in its share price. The airline said the
    Source: Bloomberg  -  323 words
  • Article, Illustration
    Lock icon S'pore bourse leads region's fall with 47-point plunge
    309 1 SINGAPORE Stock prices around the region fell yesterday on continued weakness in US stocks and bonds, with the local market bearing the brunt of the sell-ofT to close 47.52 points down. The Straits Times Industrials Index finally caved in nudged by the
    Source: Bridge Info  -  309 words
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      166 1 ?=,-<~!]<![_<->{]'[&!=<^."+@=}. S-pore News 2 S porMfsa 19.20,21 fttgonal News 3.4.5 Financial 23.24 World New 8,9 FMtarts Mariicts taatyss 17 CM>/KISE. SES 28-30 Won* 16 fepwai 26 Sports 14.15 World 27 W/Utestjte 13 Currencies 24 •agonal Focus 6 Stmex/Commo 24.25 Tel 1800-*****77 Fax *****75 ■T NowUotfc Id *****18 Fai *****71 111
      166 words
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      Page 1 Advertisements Column 2
      28 1 Advertising: Pg n Disney's regional plans Economists project full-year growth of 9.4 per cent, Pg 2 SM Lee on what China can do for world trade, Pg 18
      28 words
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      Page 1 Advertisements Column 3
      10 1 Hock Lock Siew: Pg 19 Disclosures needed for China ventures
      10 words
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      Page 1 Advertisements Column 4
      26 1 Bottom Vine: Pg is where things fall apart Suharto wants A pec to agree on pace of trade liberalisation, Pg 3 llliyL #01-11 Raflln Hold Slh^
      26 words
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      Page 1 Advertisements Column 5
      21 1 atf-TYCH GROUP TRANSPORTATION WAREHOUSING SPECIALIST SINCE 1955 YOUR PARTNER IN TOTAL LOGISTICS CALL: 862-2828 (20 FAX: 861-6366 Regional markets, Pg 26-30
      21 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Buoyant economy fills cargo ships
        317 2  -  By Rahita Elias SEABORNE traffic through Singapore maintained a healthy growth rate in the first seven months of the year, in keeping with the economic boom. But the growth rate varied widely from month to month. In July, non-oil shipments through Singapore rose 7 per
        Source: PSA  -  317 words
    • NEWS ROUNDUP
      • Article
        Facelift for Mount Faber Park
        96 2 MOUNT FABER Park will be getting a $17.6 million facelift this month, and visitors can expect five main attractions when the work is completed by the end of 1996. Each attraction will have its own theme. They include a maritime theme park, a floral walkway,
        96 words
      • Article
        Rain likely to ease haze
        77 2 THE Ministry of the Environment said yesterday that the haze conditions are expected to vary this month with the arrival of the inter-monsoon period. Winds over Singapore will probably be light and variable in direction. It said conditions will improve as northerly winds build up
        77 words
    • Article
      American TV veteran heads ESPN's Singapore office
      146 2 AMERICAN sports TV station ESPN Asia has appointed John M Davies, a veteran television manager, to head programming and production at its Singapore office. In his new job as general manager, programming and production, Mr Davies will be responsible for hiring and training
      146 words
    • Article
      Economists project fall-year growth at 9.4%
      647 2  -  By Ven Sreenivasan STRONG export growth and a more bullish outlook for the financial sector have led many economists to raise their 1994 third-quarter and whole-year growth estimates for the Singapore economy. A Business Times poll of 20 forecasters yielded an average third-quarter GDP
      647 words
    • Article, Illustration
      Lock icon Hotel sees 90% occupancy in first year
      458 2  -  By A J Leow THE Albert Court Hotel in the Rochor area, which opens next Monday, expects an average occupancy rate of 90 per cent within a year of start-up. This is despite the lack of facilities such as conference and banquet rooms,
      Photo by Arthur Lee  -  458 words
    • Article
      Telecom cuts fees to put handphones within reach of all
      309 2 SINGAPORE Telecom will offer a discount pricing scheme for mobile phone users from tomorrow in an effort to expand its market base to nonbusiness customers. The scheme, called Leisure Plan, is aimed at those who use handphones only occasionally. It
      309 words
    • Article, Illustration
      Lock icon Indian novelist wins Commonwealth prize
      264 2 Reuter INDIAN author Vikram Seth, writer of this century's longest English novel, has won the £10,000 (5523,300) 1994 Commonwealth Writers' Prize for best book, the organisers said yesterday. The 42-year-old Seth, an economics student turned poet and novelist, won the prize for the 1,349-page novel,
      Reuter; Photo by Arthur Lee  -  264 words
  • Page 2 Advertisements
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      59 2 VACHERON CONSTANTIN Geneva, since 1755 The world's oldest watch manufacturer Sole Agent and Service Centre: Luxtime Singapore Pte Ltd, 3918 Orchard Road #15-08, Ngee Ann City, Singapore 0923. Tel: (65) *****78 Fax: (65) *****74 Authorized Retailers Cortina Watch Tel: *****28/*****84/*****28/*****07 Leong Poh Kee Tel: *****98 Roy Eastern Watch Tel *****35
      59 words
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  • SOUTH-EAST ASIA
    • Article
      Suharto seeks accord on trade free-up
      521 3  -  Apec trade ministers' meeting Reports by Yang Razali Kassim in JAKARTA INDONESIA'S President Suharto wants Apec leaders meeting in Bogor next month to come to a fundamental agreement on the pace of trade and investment liberalisation in the Asia-Pacific region. Mr Suharto, who will
      521 words
    • Article
      Apec ministers agree on free trade measures but shun report
      444 3 JAKARTA A report on fret* trade by the Apec Eminent Persons Group (EPG) was found to be too controversial, so trade ministers from 18 Asia-Pacific economies meeting here yesterday kept it away from discussions. But the ministers pushed ahead with
      444 words
    • Article
      Apec among main winners from pact on world trade
      259 3 JAKARTA Apec economies will be among the main beneficiaries of global trade liberalisation under the World Trade Organisation scheduled to take effect from Jan 1, Canada says in a report released here. The OECD has estimated that net world welfare, or
      259 words
    • Article
      Lock icon Thamby Chik quits all political, govt posts
      276 3 The Straits Times KUALA LUMPUR Malacca Chief Minister Rahim Thamby Chik, implicated in a sex scandal with a minor, has submitted his resignation from all government and political posts. Prime Minister Mahathir Mohamad said he would decide whether to accept Mr Rahim's resignation
      The Straits Times  -  276 words
    • Article
      Lock icon Indon minister warns on inflation
      75 3 Reuter JAKARTA A senior Indonesian minister yesterday called on state-owned cement producers to stabilise the market, warning that rising cement prices will boost inflation. National Development Planning Minister Ginanjar Kartasasmita told a parliamentary session that rising cement prices will have a big impact on inflation
      Reuter  -  75 words
    • Article
      Lock icon Manila's first satellite network flops
      103 3 AFP MANILA Four television stations and a cable television group have scuttled a project to create the Philippines' first satellite broadcast network, an industry source said yesterday. The source, who requested anonymity, said the reason for the move was because of financial reasons and other
      AFP  -  103 words
    • Article
      Lock icon Onshore gas in Indonesia found
      94 3 AFP JAKARTA A contractor of the state oil and gas company Pertamina has found an onshore gas reserve that can yield 17 million cubic feet of gas per day in Riau province, the Antara news agency said yesterday. Antara quoted Pertamina officials as saying that
      AFP  -  94 words
    • Article
      Lock icon New Jakarta tabloid in trouble
      119 3 Reuter JAKARTA An Indonesian weekly re-launched three days ago by staff from a popular tabloid banned in June is in jeopardy after the official journalists' association withdrew support for its chief editor. The Jakarta branch of the Indonesian Journalists Association (PWI Jaya) said it had
      Reuter  -  119 words
    • Article
      Lock icon Call for technological independence
      117 3 AFP PUERTO AZUL, Philippines The industrialisation achieved in South-east Asia is only "artificial", and will not last, Philippine Senate president Edgardo Angara told a business conference here yesterday. Mr Angara said the gains by Asean were based on "artificial industrialisation". He told delegates at the Asean
      AFP  -  117 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      438 3 I ITS A FACT. I I We're The No. 1 Selling Aircon In Singapore 8 years in a row! I FACT. In the recent Survey Research Singapore's (SRS) Home Appliances Index 1993, Sanyo Aircon came out top in all the B categories featured in the survey. B Use less Modern/elegant
      438 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon Taiwan to maintain monetary policy
        104 4 Reuter TAIPEI Taiwan's central bank will not tighten monetary' policy despite 6.68 per cent year-on-year inflation last month, a senior official said yesterday. "The consumer price condition still falls into our estimation The central bank will maintain current monetary policy, not tighten it," spokesman Paul
        Reuter  -  104 words
      • Article
        Lock icon Communist Party paper hints at woes
        101 4 AP BEIJING An important Communist Party document released yesterday hinted at the variety and complexity of problems, from corruption to fragmentation to dwindling membership, that confront China's ruling party. The official Xinhua news agency called the document, drawn up during a party plenum last
        AP  -  101 words
      • Article
        Lock icon Chemical spills into China river
        73 4 AFP HONGKONG Residents of southern China's Guangdong province have been warned against drinking water from a West River tributary after a truck laden an industrial chemical plunged into the water, a report said yesterday. The West River tributary in Pingtai near Yunan district was heavily
        AFP  -  73 words
      • Article
        Lock icon HK probes China-linked civil servants
        80 4 AFP HONGKONG Hongkong's crack anti-corruption squad is investigating a number of civil servants in the British colony who also have interests in nightclubs in China, it was revealed yesterday. Jim Buckle, head of operations for the Independent Commission Against Corruption, said the number of civil
        AFP  -  80 words
    • Article
      Lock icon HK economy dynamic ever since 1992 recovery: Gatt
      128 4 AFP GENEVA Hongkong, remains a dynamic economy, the Gatt trade organisation said in a report yesterday. "A business slowdown in 1989... proved short-lived," the four-yearly report of the General Agreement on Tariffs and Trade said. By 1992, "Hongkong regained its trend growth
      AFP  -  128 words
    • Article
      Lock icon Beijing warns of tight controls to avert economic overheating
      382 4 Reuter BEIJING China yesterday warned that the government would have to keep a tight control over the economy to save it from overheating. "The slightest deviation in macro control will certainly lead to a swelling of investment, thereby affecting normal development
      Reuter  -  382 words
    • Article
      China to protect computer industry, says Beijing firm
      278 4  -  By Teh Hooi Ling SINGAPORE Beijing's Legend Computer Group has been identified as one of the domestic computer companies to be protected under a new policy to be announced by China's Ministry of Electronics Industries. Liu Chuanzhi, chairman of Hongkong-listed Legend Holdings,
      278 words
    • Article, Illustration
      Lock icon When two heads aren't better than one
      55 4 Reuter TAIPEI For this two-headed water snake, feeding is a matter of capital coordination. The snake reportedly risks choking to death should both heads be fed at the same time. The reptilian anomaly is on display at the 1994 World Pets Exhibition in
      Reuter  -  55 words
    • Article
      Lock icon Shanghai shares fall on trading rule change, inflation concerns
      314 4 Bloomberg Business News SHANGHAI Chinese share prices slumped for a fourth day yesterday, due to concerns about rising inflation and dismay at a rule change which will end the practice of day trading. Shanghai's official A share index fell 49 points,
      Bloomberg Business News  -  314 words
    • Article
      Lock icon China blasts Patten's speech
      129 4 Bloomberg Business News HONGKONG Reacting harshly to Wednesday's speech by Governor Chris Patten, China said it isn't to blame for the slow pace of negotiations over the colony's transfer. Quoting a spokesman for the Hongkong and Macau Affairs Office, the Xinhua news agency said "China is
      Bloomberg Business News  -  129 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      132 4 Federal Express is the first air express company to fly its own planes out of Singapore. But that's not our only first. For over five years we've flown out of Singapore. And today we have seven aircraft a week flying out of Changi. But that's not all the firsts we
      132 words
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  • REST OF ASIA
    • Article
      Lock icon N Korea declares Kim Jong II supreme leader, military chief
      378 5 The Washington Post AFP UNITED NATIONS North Korea has declared that Kim Jong II is its "supreme leader" and top military commander, ending uncertainty about the succession of power in the communist nation after the death of Kim's father, longstanding
      The Washington Post; AFP  -  378 words
    • Article
      Lock icon US firm quits Japan airport project
      68 5 Bloomberg Business News TOKYO Cleveland, Ohio-based Austin Company, an unlisted construction and architectural services firm, has pulled out of a Naha airport project in Okinawa, Japan's Jiji Press has reported. The company's withdrawal from the passenger terminal project was necessitated by corporate restructuring efforts,
      Bloomberg Business News  -  68 words
    • Article
      Lock icon S Korean police arrest unionists
      67 5 AFP SEOUL Armed with emergency arrest warrants, South Korean police yesterday rounded up 10 men in a hunt for 22 union leaders at Hyundai Heavy Industries Co, a police spokesman said. The 22 unionists, including the union president, Lee Kap-Yong, were charged with using violence
      AFP  -  67 words
    • Article
      Lock icon Colombo buying China textiles
      66 5 AFP COLOMBO Sri Lanka will buy 11.25 million metres of textiles from China at a cost of US$9.9 million (5514.6 million) later this year, the government announced yesterday. The textiles will be used to provide free uniforms to nearly half a million schoolchildren, Information Minister Dharmasiri
      AFP  -  66 words
    • Article
      Lock icon Gulf Air resumes Indian flights
      52 5 AFP ABU DHABI Regional carrier Gulf Air said it started flying to India from Abu Dhabi again from yesterday. Gulf Arab governments banned air links with India last week amid worldwide unease about the possible spread of pneumonic plague which has killed 52 people in
      AFP  -  52 words
    • Article
      Lock icon US, Japan to hold trade talks on glass next week
      300 5 AFP Reuter TOKYO US and Japanese negotiators are to hold work-ing-level talks in Tokyo next week to discuss details of a broad agreement on the flatglass trade. Trade Ministry officials yesterday said that during the two-day talks, starting next Thursday,
      AFP; Reuter  -  300 words
    • Article, Illustration
      Lock icon Gruesome find
      44 5 Reuter PANNIPITYA, Sri Lanka A man holding up a bone dug up on Wednesday from a mass grave here, east of Colombo. The grave was said to contain about 20 bodies of people killed during a 1989 crackdown on leftwing rebels. Renter
      Reuter  -  44 words
    • Article
      Lock icon Indian growth strong but may fall short of target
      349 5 Reuter BOMBAY India's liberalising economy is picking up well but both industrial growth and exports may fall short of government targets, according to projections by India's leading economic forecaster released yesterday. The Centre for Monitoring the Indian Economy (CMIE), a privately
      Reuter  -  349 words
    • Article
      PNG's planned currency float raises fears for economy
      375 5  -  From Brian Gomez in SYDNEY PAPUA New Guinea is to float the kina on Monday in a move that analysts in Sydney believe will see this traditionally strong currency crash to record lows. Only a month after he had ordered a 12
      375 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      90 5 940 I I I I il* i I 11 I ■OH I I J^ J J I 111 I It looks like a good year ahead, and you can anticipate being rewarded for your efforts. Maybe even with dividends that include a Volvo 940. Because the Impact System safety your
      90 words
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  • REGIONAL FOCUS
    • Article, Illustration
      A young and promising bank in Vietnam draws foreign investors
      1159 6  -  The Building Development Commercial Joint Stock Bank By Harish Mehta SINGAPORE Peter Fu, owner of Kuo International, Singapore's biggest oil trading firm, has been making frequent visits lately to 33 Pasteur Street in Ho Chi Minh City. But he has
      1,159 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      140 6 To give our new luxury Opel Omega the warm reception it deserves, we've opened a new showroom exclusively devoted to the Omega. Discover why this automobile has so many people talking. Drop by our new showroom at 401 Commonwealth Drive #01-02 Haw Par Technocentre Singapore 0314 Tel: 475 9088. ONE
      140 words
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      Page 6 Advertisements Column 2
      65 6 Persian Carpet with small prices. As one of the S.E. Asia's Largest importers and wholesalers, we are ordered for URGENT DISPOSAL Extremely Valuable, Exceptional and Unique All Certified Authentic, Genuine Hand-Knotted Persian Carpets in all sizes up to Extra Large. Oct. 6 till Oct. 9 10AM BPM (Ex Singapore Warehouse
      65 words
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      322 7 I Jin II iTTuTTT ILTT^^B vlhl fl > '<qfj£jJ > BEs^m««mß With Daikin's innovative VRV technology and elegant, futuristic designs in a choice of wall-mounted, ceiling-mounted DAK KIN and floor-standing units, there's a Daikin to elevate the level of comfort and enhance the mood of every decor, in every space.
      322 words
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  • THE WORLD
    • Article
      Apec wants study to prepare members for capital inflows
      491 8  -  IMF-World Bank annual meeting Reports from Anthony Rowley in MADRID THE IMF is conducting a major study on behalf of the Asia-Pacific Economic Cooperation forum into how to cope with massive capital inflows to emerging markets in the region. The study
      491 words
    • Article
      High-level taskforce to be set up to improve efficiency over aid
      377 8 THE joint Development Committee of the World Bank and the International Monetary Fund is setting up a high-level taskforce to devise a more rational distribution of responsibilities between the bank and the fund. It will also try to find
      377 words
    • Article, Illustration
      Lock icon Teaching aid
      42 8 Reuter SARAJEVO A Canadian Forces armoured car leading a UN convoy carrying 6.6 tonnes of educational material bound for schools in the besieged Bosnian capital. The shipment, comprised mainly of books, was procured by the United Nations Children's Fund. Reuter
      Reuter  -  42 words
    • WORLD WATCH
      • Article
        Lock icon US-Saudi talks on aircraft financing
        72 8 Reuter JEDDAH US Treasury Lloyd Bentsen said yesterday he has discussed with his Saudi counterpart the possibility of using US Export-Import Bank financing for Riyadh's purchase of American aircraft. The government airline Saudia has agreed to buy about SO aircraft from US firms Boeing and
        Reuter  -  72 words
      • Article
        Lock icon UK commuters brace for Tube strike
        113 8 AFP LONDON Millions of commuters in central London were bracing themselves yesterday to cope with widespread chaos as a 24-hour pay strike by London Underground staff looked certain to go ahead. The strike, to start at 7.30pm last night, came only a week after
        AFP  -  113 words
      • Article
        Lock icon Clinton authorises military spending
        70 8 AFP WASHINGTON President Bill Clinton signed a defence Bill on Wednesday authorising U*****.8 billion (*****.4 billion) in military spending, marking the 10th consecutive decline in defence spending after adjusting for inflation. The budget for the fiscal year that began on Saturday is a US$2.B billion increase
        AFP  -  70 words
      • Article
        Lock icon Complaint against Milan chief
        64 8 Reuter ROME The Italian government yesterday decided to file an official complaint against Milan's chief prosecutor over an interview that hinted Prime Minister Silvio Berlusconi might be implicated in a corruption probe. Cabinet spokesman Giuliano Ferrara said the report on prosecutor Francesco Saverio Borrelli would be
        Reuter  -  64 words
    • Article
      Lock icon Upturn in EU laptop sales offset by price cuts
      241 8 Reuter AMSTERDAM Portable computer sales have apparently recovered from a slump in the first half of 1994, but the turnaround is a cosmetic one. Analysts and producers said yesterday that the upturn was a result of heavy price discounting, and further
      Reuter  -  241 words
    • Article
      Lock icon OECD nudges up world economic growth forecasts
      339 8 Reuter PARIS The OECD nudged up its forecasts for economic growth in the developed world yesterday but warned its member governments against a resurgence of inflation and widening budget deficits. Staffan Sohlman, acting head of the 25-nation Organisation for Economic Cooperation and Development,
      Reuter  -  339 words
    • Article
      Lock icon Republicans force Gatt vote to be delayed till next month
      508 9 Reuter WASHINGTON Republicans delivered a stinging political blow to President Bill Clinton on Wednesday, forcing Democrat leaders in the House of Representatives to delay a final vote on a sweeping global trade pact until after crucial November elections. But in
      Reuter  -  508 words
    • Article
      Lock icon Fed policy-makers make coordinated move to calm markets
      490 9 Bloomberg Business News WASHINGTON One after another, Federal Reserve poli-cy-makers have spoken out publicly to assail the idea that higher inflation and sharply higher interest rates are coming. The coordinated public relations campaign is intended to calm investors who have driven down
      Bloomberg Business News  -  490 words
    • Article, Illustration
      Lock icon Clinton pledges funds to post-apartheid South Africa
      419 9 Reuter WASHINGTON President Bill Clinton capped two days of talks with South African President Nelson Mandela here on Wednesday by granting an economic aid package which he said would help heal the wounds of apartheid. The assistance included funds intended to raise living
      Reuter  -  419 words
    • Article
      Lock icon 4 of top 9 female staff at New York Fed retiring early
      280 9 Bloomberg Business News NEW YORK Four of the top nine female officials at the Federal Reserve Bank of New York are retiring early, dealing a blow to the bank's effort to promote diversity. The four are: one of
      Bloomberg Business News  -  280 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      8 8 4 ||g BOSS MEN AT WORK. I ModelMichaelFlinnrunninglateforwork.
      8 words
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      Page 8 Advertisements Column 2
      78 8 THE RAFFLES CONVERSATION "Optimism is the enemy of the rational investor, because when people are optimistic, prices are high. What you have to look for are periods of pessimism." 2% 1 j Hongkong-based fund manager Marc Faber, better known as 'Dr Doom', on his investment philosophy, hie also taks about
      78 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      UK traditional brewer tests S'pore, regional markets
      653 10  -  Scottish Newcastle is eyeing a new market niche. Michelle reports Michelle Low TIRED of the same old draft beer? Soon you will be able to drink ye olde English ale. UK brewer Scottish Newcastle Breweries (S&N) is bringing its traditional brown ale to
      653 words
    • Article
      Lock icon US arbitration panel rules against address poaching on Internet
      370 10 NVT IN A DECISION that may have significant implications for companies wishing to pursue advertising and marketing on the Internet, a US arbitration panel has ruled that the Princeton Review had no right to establish an electronic address using the name
      NVT  -  370 words
    • Article, Illustration
      Disney eyes bigger share of regional pie
      1214 11  -  Juliette Walker examines Walt Disney Co's big plans for Mickey Mouse and his friends in Asean Juliette Walker Mickey MOUSE is looking for new friends. For decades a best buddy to kids, the lovable rodent now wants to spend more time away from
      1,214 words
    • COPY LINES
      • Article
        Monsoon reigns at Galeries Lafayette
        47 11 SINGAPORE Monsoon Advertising has won the $800,000 Galeries Lafayette (Singapore) account after a series of presentations to its local management. This win, together with permanent assignments from Fan-United Corporation and Renewal Day Spa, has boosted the agency's billings by another $1.2 million.
        47 words
      • Article
        Focus on media planning
        66 11 SINGAPORE The Institute of Advertising Singapore (lAS) is holding a media planning course in conjunction with the Association of Accredited Advertising Agencies (4As). The course, which starts next Thureday, costs $1,680 and will be conducted by experienced media directors. Topics include factors that influence media selection,
        66 words
      • Article
        Tangs bags Toscano
        40 11 SINGAPORE A boutique featuring the Toscano range of upmarket leather products has opened at Tangs. The range includes briefcases, handbags, wallets and keychains. The Toscano Privilege Club has also kicked off, offering members discounts and special privileges.
        40 words
      • Article
        UK floor specialist opens S'pore office
        75 11 SINGAPORE Gradus Ltd, the UK manufacturer of flooring accessories, has recently opened a representative office here and appointed two key personnel to develop the sales and distribution of its products throughout the Far East. James Mathieson is now sales manager (Far East), and is
        75 words
      • Article
        Lock icon LA Gear account for Chiat/Day
        117 11 NYT NEW YORK LA Gear Inc said on Wednesday that it had selected Chiat/Day in Venice, California, to handle the creative portion of its account, with billings estimated at US$2O million (5529.6 million). The account had been handled in-house and on a project basis by
        NYT  -  117 words
      • Article
        Lock icon Council to boost minorities' presence
        82 11 NYT NEW YORK The American Association of Advertising Agencies has formed an advisory council to help increase the representation of minorities in the professional ranks at agencies. There will be 28 members of the Diversity Initiatives Advisory Council, recruited from member agencies, national advertisers, the
        NYT  -  82 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
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      Page 10 Advertisements Column 2
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      Page 10 Advertisements Column 3
      80 10 are Freehold land Amenities on doorstep Close to Next to Griffith University 6 years structural guarantee 8 Oct 94 'Sat) and 9 Oct 94 (Sun) 3 years rental guarantee 11 am 7pm I c 10 minutes to Surfers' Paradise Simex Room, Level 1 Tel: *****1 I Ext 4102 I f
      80 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      144 11 The Only Competitive Edge Your Company May Need Is Competitive-Edge Technology. E Being first to the market with the most advanced product is all the competitive edge a company usually needs. And getting there first with products that are faster, smaller, while consuming reduced power and costing less depends on
      144 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      997 12 Notfrinji A WHERE to w,ne d 'NE AND ENTERTAIN Bmro or FRESffI .pastal DAILY. F From Pasta Fresco. The only restoorant to make Its own specialty pasta. Fresh. everyday. Savour perfect pizza, great 7 gelati and terrific tiramisu. All topped with Italian hospitality. Pasta Frcsca Do Salvator* Pit ltd 30
      997 words
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      Page 12 Advertisements Column 2
      321 12 %pm INTO THEEX£tnmiT. < Enjoy an unforgettable evening of spectacular world-class revues at the Neptune. And our Early Dinner Special menu prepared by experienced Hong Kong chefs. Free parking in the evening. Showtime*: B.oopm to 8.30pm 9.30pm to 10.00pm 7th Aoor (Vnrti Union Houm. Cottyrr Quay Singapore 0104 Td *****22
      321 words
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  • LIFESTYLE
    • Article, Illustration
      ACS auction
      560 13  -  Buyers at this Sotheby's auction of 35 paintings by Chen Wen Hsi will be contributing to the Anglo-Chinese School building fund, besides acquiring art, says Susan Tsang Susan Tsang Admirers of pioneer artist Chen Wen Hsi can look forward to a colourful weekend. On Sunday, 35 paintings by
      560 words
    • Article
      Lock icon Airline memorabilia collecting no more kids' stuff
      620 13 Adults find nostalgia in airline badges and utensils Reuter WILLIAM Gawchik was just a typical kid who collected comic books and coins when he boarded his first airline flight in 1962. But by the time he got off the plane a few hours
      Reuter  -  620 words
    • Article, Illustration
      Whitney Houston serenades Mandela
      487 13 CHATTERBOX SINGER Whitney Houston was the star performer in more ways than one at Tuesday night's formal White House state dinner for South African President Nelson Mandela. Houston and husband Bobby Brown arrived in the East Room after President Bill Clinton had begun his toast to
      487 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      67 13 TSINGTAO BEER Standing tall with its Superb Flavour Tsingtao, a rich strong flavoured beer brewed with sparkling, spring water from the famous mountains of Laoshan. Its superb taste, praised and awarded the world over since 1963, quenches your thirst... revitalises your ,if r.' 4 ->• SoU Distributor: q I FASWIN
      67 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1046 13 I TV RADIO Sleeping with the Enemy, Bpm, is hired by millionaire Richard jj Gere to accompany him for a HB| week. Through sex and tan- j trums, he learns how to care for others, while she appreci- Ju,,a Roberts double bill: Sleeping with the Enemy, ates opera in one
      1,046 words
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  • SPORTS
    • Article, Illustration
      Lock icon Dolphins could just win and make it anybody's game
      668 14  -  By Dave George NYT WEST PALM BEACH, Florida John Elway is 0-4 and Vinny Testaverde is 4-1. The Detroit Lions win at Dallas and lose at Tampa Bay. The only undefeated team in the NFL is San Diego. Maybe we'll just
      NYT; Reuter  -  668 words
    • Article
      Lock icon NBA chief expects league to avoid work stoppages
      404 14 Reuter NEW YORK National Basketball Association Commissioner David Stern said on Wednesday he was confident his highly profitable league would be able to avoid the type of work stoppages plaguing baseball and hockey. A grinning, upbeat Stern simplified the potentially thorny upcoming
      Reuter  -  404 words
    • SIDELINES
      • Article
        Lock icon World golf tour may be inevitable
        86 14 AP ST ANDREWS, Scotland Greg Norman thinks it's inevitable. Tom Kite believes it's unworkable. With Nick Faldo and Ernie Els playing next year's US Tour, and Seve Ballesteros and Jose Maria Olazabal saying they want to play more American tournaments, there are rumours that
        AP  -  86 words
      • Article
        Lock icon Daly loses sports firm's sponsorship
        81 14 AP CHICAGO John Daly, who withdrew from the PGA Tour last month because of personal problems, lost his sponsorship on Wednesday with Wilson Sporting Goods Co. The company said it has suspended its contract with Daly, one of golfs most popular players. Wilson said it
        AP  -  81 words
      • Article
        Lock icon US tipped to win amateur golf title
        93 14 AP LA BOULIE, France Headed by Eldrick "Tiger" Woods, the US team is favoured in the World Men's Amateur Golf Championship beginning on two courses west of Paris yesterday. Woods, an 18-year-old freshman at Stanford University, recently won the US amateur title. His
        AP  -  93 words
      • Article
        Lock icon Yachting share float undersubscribed
        92 14 AFP AUCKLAND Former Japanese challenge skipper Chris Dickson yesterday failed to raise a public share float to fund his second bid to win yachting's America's Cup. The New Zealander tried to raise NZ$l6 million (5514.2 million) through a share float but it closed on Wednesday with
        AFP  -  92 words
      • Article
        Lock icon Le Moignan's dream shattered
        90 14 AFP GUERNSEY, Channel Islands Martine Le Moignan's dream of retiring after winning a second World Open title in her home town here was shattered when she crashed in the second round here on Wednesday. The 31-year-old Guernsey player went down 9-2, 5-9, 9-7, 9-6, to England
        AFP  -  90 words
    • Article, Illustration
      Lock icon China dominates diving, gymnastics
      708 15 Asian Games Reuter AP HIROSHIMA The teenager her teammates call "Mighty Mouse" swept four gold medals yesterday as China scored a nearly perfect record in gymnastics and completed a onetwo sweep of all the Asian Games diving contests. The Chinese women swimmers stayed unbeaten, helping their
      Reuter; AP  -  708 words
    • Article
      Lock icon Price outplays Langer in fierce winds to score victory
      472 15 Dunhill Cup Reuter ST ANDREWS, Scotland World number one Nick Price outduelled Bernhard Langer in fierce winds to score his first individual Dunhill Cup victory yesterday. Winds gusting to more than 80 kph on the eastern Scottish coast threatened to force
      Reuter  -  472 words
    • Article
      Lock icon Chinese swimmers make waves in business pool
      254 15 Reuter HIROSHIMA Chinas world record-breaking swimmers were branded drug cheats because their success challenged European and North American business, an Asian sports chief said yesterday. "At the world championships in Italy they did extremely well. They came first," Olympic Council of Asia president
      Reuter  -  254 words
    • Article
      SCORE CARD
      762 15 HIROSHIMA Selected results yesterday: BOWLING Men's Doubles Final: I Kengo Tagata/Hiroshi Yamamoto (Jpn) 2.607 (Games Record) 2 Min Cheol Ki/Suh Kuk (S Kor) 2,527 3 Soud Al-Hajiri/Mohamed Al-Muraikhi (Qat) 2,501. Women's doubles: I Kim Sook Young/Kim Young Sim (Kor) 2470 pins 2 Lydia Poh/Shirley Chow (Mai) 2419 3
      762 words
    • Article, Illustration
      Cricket
      27 15 RAWALPINDI, Pakistan Pakistan. replying to Australia's first innings score of 521-9 declared, were 48-1 at the close of the second day of the second test yesterday.
      27 words
    • Article, Illustration
      Volleyball
      15 15 ATHENS Men's world championship quarter-finals yesterday: US b South Korea 3-0 (15-2 15-4 16-14).
      15 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      471 14 BUSINESS TIMES UFESTTLE EXCLUSIVE Ct*=sssg/#vSss^o ART LOVERS SHOULD BE SENT TO WHERE THEY BELONG. Great works of art are like manifestations of true love they have the intrinsic quality to I _J stand the test of time. Museums are monuments devoted to artistic achievements. Indeed, great museums around the world,
      471 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      66 15 Sf It A kJ y —■JL—— HOME TIMBER I 111 964 NORTH EAST ROAD, AND HARDWARE VH Current rental 5A243.862 (approx) Vj Strong retail precinct Title-cert No. Folio 152 Vol S()HX Prominent quality building of 1.544) sq. m. (approx) \f Adjacent to Tea Tree Pla/a Regional Shopping Centre AUCTION ON
      66 words
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      Page 15 Advertisements Column 2
      342 15 M THE MATTER OF THE COMPANIES ACT, (Chapter 50) AMD M THE MATTER Of THE INDUSTRIAL PROPCRTICS DEVELOPMENT (PRIVATE) LIMITED (Incorporated In the Republic of Singapore) (In Liquidation) Mambara' Voluntarily Winding-up At an extraordinary general meeting of members of The Industrial Properties Development (Private) Limited duly convened and held at
      342 words
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      Page 15 Advertisements Column 3
      763 15 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 THE COMPANIES ACT, CAP. SO OPEN ACCESS ASIA (PTE) LTD lis Mrmhrra' V oluntary Wiiwillkf l)|) At an Extraordinary General Meeting of OPEN ACCESS ASIA (PTE) LTD duly convened and held on September 1 994 the following tpecial resolution was pasted: SPECIAL RESOLUTION
      763 words
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      Page 15 Advertisements Column 4
      382 15 In fte matter of THE COMPANIES ACT. CHAPTER SO and In matter of UMKIMHM HOLDINGS (PTE) LTD (IN VOLUNTARY UOUDATION) At an Extraordinary Goneral Meeting of the member of Um Kim h2 Holdings (Pie) Ud duly convened and held 63 Kalteng Place. (OH Boon Kang Road). Singapore *****n 20 September
      382 words
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  • Article
    Let China join Gatt fast
    599 16 E»K#§~1 WITH less than three months to go before the General Agreement on Tariffs and Trade (Gatt) gives way to its expanded successor, the World Trade Organisation (WTO), it's high time world leaders stepped up efforts to ensure that China gets in on the ground
    599 words
  • WHAT THE OTHERS SAY
    • Article
      A deepening of ties
      208 16 SINGAPORE'S relations with Indonesia, which have been close, are getting closer with the latest agreements to expand cooperation in tourism and air services between them. All things considered, the compacts will open the door wider for Singapore investors who are looking for new joint ventures in
      208 words
    • Article
      Japan must change its ways
      223 16 THE LAWS of Comparative Advantage, the basis of free trade, never take place in the world. Japan-US trade is a case in point. After years of enjoying a trade surplus, up to US$6O billion each year for the past five years, Japan is facing a
      223 words
    • Article
      Fight crime through the family
      183 16 THE PROBLEM with our youths is tied to many social phenomena. Dropping out of school or difficulty in finding a job, for instance, may lead one to drugs and crime. But among all the factors, family environment is probably the most immediate and important. A
      183 words
    • Article
      Alien guests who abuse hosts
      168 16 FOREIGN WORKERS running foul of the law is not news, and that is cause for some reflection. Somehow, there seems to be a foreigner tangled up with all the nation's problems. Their involvement in criminal activities is by now accepted with malignant resignation. Foreigners constitute
      168 words
    • Article
      A breakthrough all the same
      95 16 THE last-minute partial trade accord reached by the United States and Japan over the weekend, though leaving several major issues unresolved, should still be hailed as a breakthrough because the outcome averted the worst-case scenario of immediate sanctions against Japanese suppliers. Encouraging, too, was the
      95 words
    • Article
      When suspects are big guns
      107 16 THE ONGOING ATTEMPT of Maj-Gen Seri Temiyavej to unravel a questionable land deal in Chonburi Province, involving 93 million baht of taxpayers' money, is receiving nationwide publicity. This should have been a simple investigation of a case of suspected corruption, but it has been highlighted
      107 words
  • Article, Illustration
    Lock icon Higher inflation couldn't be so bad, could it?
    1023 16  -  Louis Uchitelle finds opinion divided in the United States on whether a little more inflation would hurt the economy or boost it Louis Uchitelle NYT EVER SINCE the *****, when the nation really got hit with inflation, Americans have been telling themselves
    NYT  -  1,023 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      368 16 RADIO CORPORATION OF SINGAPORE presents c-- Surviving the 21st Century with Proven Marketing and Positioning Strategies T *****.50 (SIM MIS members) 551,133.00 (Non members)* November 7,1994 +The Westin Hotel The world's foremost marketing strategists Ries Trout will impart practical ideas and concepts to help you position your products and services
      368 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      62 16 ftrntoMASamWm /gqsJ Kinmngc Pi DO MOT fY3K roR £R MR. BRVSTOU) Unß*. f\jRPY. ../J ScrTtemCHT— R KEfUSFtL J TMC LiTfLe I -v QPF&NDS J mfvpreß of Vouß L V ]sj\ NDV^P~ DOONESBURY GARRY TRUDEAU W.JVUKBiOU Ytt/fegTMG r KJNPOFUN- iUUI. rVENEMR H£Y,B&N WM&TAHANNA- HUFFIN6- MZBO** «*&«»€W- THBFB. BUT JCHNSHUSBANP, jnfj? YOU
      62 words
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  • ANALYSIS
    • Article, Illustration
      Sitting out a dance or two at the China party
      823 17 Significant investors, led by CITIC Pacific, are having second thoughts about plunging their capital into China's turbulent economy. But there are exceptions DuPont has reaped many advantages as one of Shanghai's ten priority investment projects for 1992. IS IT significant
      823 words
    • Article
      Setting up shop in Pudong suits DuPont just fine
      792 17 BEING designated one of Shanghai's ten priority investment projects for 1992 has not always helped American chemicals firm DuPont get things done more efficiently. Neither has being the first joint venture in the city's Pudong New Area development district. But since
      792 words
    • Article, Illustration
      Asia's economic talkfest of the year comes to town
      807 17  -  Vikram Khanna outlines the programme in store at next week's Davos-style Europe-East Asia Economic Summit at the Shangri-La Vikram Khanna The writer is BT's Regional Economics Editor WITH economies and business opportunities opening up all the way from Pakistan to the
      807 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      110 17 k A '.is %.-j«— *-v ULi j |PV *e?. ~*3L3F"^W^r^^ v^^wfii V7ew' /bis exclusive exhibition-sale of Piaget watches for men and women. Presented at The Hour Glass Scotts Shopping Centre, *01-11 7 October -17 October 1994 from 11.00 am to B.oopm 0 PiageT "The Hour Glass nmum enhoruxxriemmm quality TIME
      110 words
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  • Article
    SM Lee suggests fair bargain to help China and world trade
    577 18  -  SM Lee in China Reports by Schutz Lee Editorial: Let China join Gatt fast, Pg 16 in BEIJING CHINA is "a very special developing country, says Senior Minister Lee Kuan Yew, and a "fair bargain" for world trade would
    577 words
  • Article, Illustration
    Beijing to help S'pore tackle problems over Suzhou township
    354 18 BEIJING China's central government will help Singapore resolve any problems that may arise in developing the Singapore-Suzhou Township project, Chinese Premier Li Peng told Senior Minister Lee Kuan Yew yesterday. Whether it was talking to officials or overcoming procedural difficulties, the
    354 words
  • Article
    Lock icon Indonesia says 5m hectares of rainforests damaged by fires
    235 18 AP AFP JAKARTA Raging fires have destroyed or damaged more than five million hectares of rainforests in one of the worst ecological disasters in Indonesia's history, the government said yesterday. Most of the fires were started by traditional farmers who burned
    AP; AFP  -  235 words
  • Article
    Lock icon India to cap foreign equity in airlines at 40pc: report
    197 18 Reuter NEW DELHI India will not allow foreign airlines to take more than a 40 per cent stake in domestic airlines and even that will need special permission. The Economic Times yesterday quoted Civil Aviation Minister Ghulam Nabi Azad as
    Reuter  -  197 words
  • Article, Illustration
    Things fall apart, the centre cannot hold
    752 18  -  The Bottom Line JOHN HELMER JOHN HELMER The writer is BT's Moscow correspondent THE October anniversary of the destruction of the Russian Parliament is bound to bring out all the callousness that optimists generally show towards calamities. These are the people who, without
    752 words
  • Article
    IMF, World Bank chiefs back greater say for East Asia four
    464 18  -  From Anthony Rowley in MADRID INTERNATIONAL Monetary Fund managing director Michel Camdessus and World Bank president Lewis Preston last night both gave strong backing to a call Tor East Asia's most dynamic economies including Singapore to secure a greater
    464 words
  • Article
    Lock icon Best little whorehouse in Australia seeks public listing
    348 18 Bloomberg Business News MELBOURNE No, it's not the newspaper and it has nothing to do with Superman, Lois or Clark. The Daily Planet is Australia's best-known brothel and it is out to woo a whole new audience. The legal bordello has grabbed
    Bloomberg Business News  -  348 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      97 18 B I INVESTMENT I We can incorporate an offshore company for you in ALL jurisdictions but particularly recommend: UH.K. HK$ 2700 BELIZE US$45O M IRELAND £195 TURKS US$45O U GIBRALTAR £250 U BAHAMAS US$6OO UISLEOFMAN £250 M 8.V.1. US$65O JERSEY £450 U CAYMAN US$ 1,750 After incorporation we ofter full
      97 words
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      Page 18 Advertisements Column 2
      20 18 [c\wmie\mm¥\ CAMELOT HOLDINGS PTE LTD Presents An Exhibition of Persian Artifacts Time: 11am -6.30pm Palais Renaissance 1-01/04 Tel: 738 9862
      20 words
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      Page 18 Advertisements Column 3
      14 18 I I INVESTMENT I Apec wants study to prepare members for capital inflows, PgB
      14 words
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  • COMPANIES & MARKETS
    • Article
      DBS group expands in banking, securities, property in Thailand
      452 19  -  From Loh Hui Yin in BANGKOK THE DBS Bank group is raising its profile in Thailand in three core areas banking, securities and property. The bank itself, which has been operating an offshore banking branch in Bangkok for about a year,
      452 words
    • Article, Illustration
      SSL, SIA join Salim in Manado hotel deal
      225 19 SINGAPORE Straits Steamship Land and Singapore Airlines have signed an agreement with Indonesia's Salim group to develop jointly a US$4O million (558.8 million) hotel in Manado, North Sulawesi. SSL will hold a 50 per cent stake, Salim 30 per cent and SIA
      225 words
    • Article
      Wearnes Peripherals secures $10m European contract
      292 19  -  By J Joseph Rajendran SINGAPORE Wearnes Peripherals, an electronics subsidiary of publicly-listed WBL Corporation, has secured a $10 million contract to make CDROM drives and sound cards over the next three months. The contract, with Amster-dam-based Impex Hilversum, comes with an option for an
      292 words
    • Article
      Pan United ties up deal to make iron pipes in China
      275 19  -  By Teh Hooi Ling SINGAPORE Shiprepair and shipping group Pan United Corp has entered into a $42 million joint-venture to make cast iron pipes in Longkou, Shangdong province. The mainboard-listed company will have a 50 per cent stake in
      275 words
    • Article
      Disclosure rules needed for China ventures
      753 19  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE Statistics are a wonderful tool. Using statistics, life insurers can tell how many policyholders are likely to die in a given year and banks can estimate the number of people who will refinance their mortgages. But
      753 words
    • Article
      Samta's takeover offer for Apollo frozen
      367 19  -  By Conrad Raj SINGAPORE The Samta group's mandatory takeover offer for Apollo Enterprises has been frozen. Samta's adviser, N M Rothschild Sons Singapore, said yesterday that this was because of the Stock Exchange of Singapore's decision to defer listing and quotation of new Apollo
      367 words
    • Article
      Lock icon ICI (M) expects to double market share in wood care products
      93 19 Bernama KUALA LUMPUR ICI Paints (M) Bhd expects to double its market share in wood care products with the launching of its new product. Solarscreen. Business manager of decorative products. Zahari Mahfudz, said at the launch yester- day that
      Bernama  -  93 words
    • EYEon your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 19 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled: Daiwa, Fraser, GK Goh. Kay Hian. Morgan Grenfell, Nomura, Smith New Court, Wl Can and SG Warburg.
        42 words
      • Article, Illustration
        HOT STOCK
        153 19  -  By Paul Leo Vikay Industrial has fallen 47.6 per cent or 80 cents to 88 cents, from its all-time high at $1.68 achieved in the beginning of this year. Investors should start accumulating its shares as technical factors are signalling a turnaround soon. Daily and weekly Relative Strength
        153 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Hotel Prop unit in ice cream venture
          53 20 SINGAPORE A wholly owned subsidiary of Hotel Properties, Pinedale Holdings Pte Ltd. has set up a new subsidiary in Macau. Called Pinedale Trading (Macau), the firm will have a registered capital of MOPS3O.OOO (555,570). The new firm will acquire and operate the Haagen-Dazs
          53 words
        • Article
          Foreign ownership announcements
          50 20 SINGAPORE Focal Finance has informed the stock exchange that foreigners owned 13.02 per cent of the company at the end of the third quarter. Hong Leong Finance said foreigners owned 19.56 of it, while Singapore Finance said that for the same period foreigners held 2.12 per cent.
          50 words
        • Article
          Lock icon Swedish firm in M'sia cable tie-up
          115 20 AFP KUALA LUMPUR Ericsson Cables AB of Sweden is to form a joint venture with Malaysian firm OPCOM Holdings to manufacture and supply fibre-optic cables in Malaysia and eventually the region. OPCOM president Mukhriz Mahathir is Malaysian Prime Minister Mahathir Mohamad's son. The Swedish
          AFP  -  115 words
        • Article
          Lock icon Berjaya denies interest in M'sian bank
          116 20 Reuter KUALA LUMPUR Malaysian conglomerate Berjaya Group Bhd, which is controlled by tycoon Vincent Tan Chee Yioun, has denied that it is bidding to take over Bank Bumiputra Malaysia Bhd (BBMB). The Star newspaper yesterday reported that Mr Tan, together with Malaysia National Insurance
          Reuter  -  116 words
        • Article
          Lock icon NBT to own all of Sabah Softwoods
          114 20 Bernama KUALA LUMPUR North Borneo Timber Bhd, which owns 40 per cent of Sabah Softwoods Sdn Bhd, has proposed to acquire the remaining 60 per cent from Innoprise Corporation Sdn Bhd, the investment holding arm of Yayasan Sabah. Innoprise said yesterday it intended
          Bernama  -  114 words
        • Article
          Lock icon Metro Pacific in expansion drive
          84 20 AFP MANILA Management and investment firm Metro Pacific Corp, dominated by Hongkong-based First Pacific Corp, said yesterday it would spend two billion pesos (S$ 113 million) on expansion projects here over the next two-and-a-half years. Metro Pacific executive director Seumas Gallacher said that of the
          AFP  -  84 words
      • Article, Illustration
        Lock icon AHB hopes to chart higher growth with commercial bank
        374 20 Bernama KUALA LUMPUR Investment holding-based AM MB Holdings Bhd (AHB) hopes to chart another phase of growth and expansion with the inclusion of a commercial banking operation. Chairman Azman Hashim yesterday said the group recently took over 80 per cent of
        Bernama  -  374 words
      • Article
        Lock icon Pernas set to be major player in South-east Asia
        422 20 NST KUALA LUMPUR Perbadanan Nasional Bhd (Pernas), which will soon see a management buy-out, is gearing up to be a major player in South-east Asia. It will seek to form strategic alliances with local and regional entities as part of its
        NST  -  422 words
      • Article
        Lock icon Celcom expected to seal fibre optic network venture with Tenaga
        288 20 Bernama KUALA LUMPUR Cellular Communications Network Sdn Bhd (Celcom) is expected to sign a joint venture agreement to develop and operate a fibre optic network with Tenaga Nasional Bhd soon. "At this point, both parties have agreed on a few
        Bernama  -  288 words
      • Article
        Untitled
        489 20 Managers' prtCM Oct 7 Mendaki Gr Fund 1.17 I 20*d Cinaarww* llnit Tnicf US Gr Fund 097 101unn I rusi iihd inwAct i ij The Commerce 1.69 1.79 MIVCSl RI§1 LH The Savings Fund 1.63 1.72 Unifund 1.56 L63 S'pore Prog Fund 0.66 0.70*d Unibond 1.04 1.065 S pore See
        489 words
      • Article
        Lock icon KESM makes debut with M$ 2.70 premium
        313 20 Bernama KUALA LUMPUR KESM Industries Bhd staged an impressive debut on the Kuala Lumpur Stock Exchange second board at M 54.80 yesterday, charting a premium of M 52.70. The premium achieved is almost 130 per cent higher than its offer price of M
        Bernama  -  313 words
      • Article
        FELS enters joint venture to build Vietnam office block
        269 20  -  By Rahita Elias SINGAPORE Listed rigbuilder Far East Levingston Shipbuilding has formed a joint venture with two Vietnamese firms to develop a US$23 million (Ss34 million) office block in the country's oil centre, Vung Tau City. FELS has a 70 per
        269 words
      • Article
        Lock icon Faber Hotels to upgrade Langkawi resort
        224 20 MBT KUALA LUMPUR Faber Hotels Holdings Sdn Bhd will redevelop the Langkawi Island Resort into a major international resort. In a statement released in Kuala Lumpur yesterday, Faber Hotels said the redevelopment of the 40-ha resort will encompass total refurbishment of the existing hotel
        MBT  -  224 words
      • Article
        Lock icon Tokyo watchdog set for first insider trading indictments
        451 21 Bloomberg Business News TOKYO Japan's two-year-old securities industry watchdog will ask prosecutors to indict up to 30 drug company officials in its first action in an insider trading case. The Nihon Keizai newspaper yesterday said the Securities and Exchange Surveillance Commission was
        Bloomberg Business News  -  451 words
      • Article, Illustration
        Lock icon NZ America's Cup share float founders
        317 21 Reuter WELLINGTON A trailblazing stock market flotation to fund New Zealand yachtsman Chris Dickson's America's Cup challenge has hit the rocks, organisers say. Pacific Challenge, the commercial arm of Mr Dickson's Win New Zealand syndicate, yesterday said the public share issue had raised less
        Reuter  -  317 words
      • Article
        Lock icon Beijing reassures investors on Huaneng's stock problems
        388 21 Bloomberg Business News BEIJING A Chinese official told investors yesterday that agreements signed by Huaneng Power International Inc would be fulfilled. The move came after Huaneng sold stock in the US at a price lower than planned. Jiang Shaojun, a spokesperson at the
        Bloomberg Business News  -  388 words
      • Article
        Lock icon Pakistan signs power deal with Gordon Wu
        117 21 Reuter ISLAMABAD Pakistan's Prime Minister Benazir Bhutto said yesterday that work on an US$B billion (Ssl 1.8 billion) coal-fired power station, to be built by Hongkong-based tycoon Gordon Wu, will start immediately and will provide 5,000 jobs. Ms Bhutto was attending a ceremony
        Reuter  -  117 words
      • Article
        Lock icon Taiwan brokerages report US$ 98m payment defaults
        292 21 Bloomberg Business News Reuter TAIPEI Taiwan brokerages have accumulated share payment defaults totalling US$9B.5 million (S$ 144.8 million) in the past three days and two brokerages have been ordered to close. A Securities and Exchange Commission (SEC) official yesterday said: "Don't panic. The
        Bloomberg Business News; Reuter  -  292 words
      • Article
        Lock icon Guangdong Corp to buy 2 HK-based building firms
        212 21 Bloomberg Business News SYDNEY Guangdong Corp Ltd, the Australian-listed subsidiary of Guangdong Investment, is to buy two Hongkongbased building firms. Paul Tsui, managing director of Guangdong Corp, yesterday said the company was negotiating to buy two companies that were seeking to expand
        Bloomberg Business News  -  212 words
      • COMPANY BRIEFS
        • Article
          Lock icon Nomura appoints HK-based MD
          59 21 Bloomberg Business News HONGKONG Nomura International has appointed Richard Pearce as its Hongkong-based managing director with responsibility for worldwide sales of Asia-Pacific equities, excluding Japanese stocks. Mr Pearce had been a managing director with Merrill Lynch in Hongkong for the previous eight months. He was SBCI
          Bloomberg Business News  -  59 words
        • Article
          Lock icon HK securities panel's ruling
          80 21 Eastern Express HONGKONG The Hongkong Securities and Futures Commission ruled on Wednesday that if Choi Sai Leung, honorary chairman of Seapower International (SIH), was involved in a takeover bid for SIH, he would have to make an additional offer for its subsidiary Seapower Resources (SRI). The
          Eastern Express  -  80 words
        • Article
          Lock icon IBM Japan to reshuffle staff
          33 21 Reuter TOKYO IBM Japan Ltd will reshuffle 1,000 white-collar employees out of its total workforce of 22,000 to put more emphasis on profitable areas, the company said. Reuter
          Reuter  -  33 words
        • Article
          Lock icon HK Telecom tops Swiss ranking
          44 21 Reuter HONGKONG Hongkong Telecommunications Ltd is Swiss Bank Corp's top pick in the telecommunications group, according to the brokerage's global valuation model. The model ranks companies on a set of quantitative comparisons including efficiency, growth and regulatory environment. Reuter
          Reuter  -  44 words
      • Article
        Lock icon Flexible billing seen as vital weapon in US phone war
        520 22 Reuter NEW YORK The humble phone bill and the software which supports it are major strategic weapons in the fight for market share by long distance companies, say industry consultants and specialists. MCI Communications Corp has already used it to
        Reuter  -  520 words
      • Article
        Lock icon GE said to be selling Kidder broking unit
        187 22 Bloomberg Business News NEW YORK General Electric Co held talks about selling the brokerage division of its Kidder, Peabody Co unit to PaineWebber Inc, a person familiar with GE said. The negotiations stalled earlier this week over price, he said. He added
        Bloomberg Business News  -  187 words
      • Article, Illustration
        Lock icon Talk of takeover by Motorola sends Apple stock soaring
        506 22 AP SAN FRANCISCO The stock of Apple Computer Inc soared by 12 per cent on Wednesday on speculation that the company would be the subject of a takeover attempt by Motorola Inc, its partner in the PowerPC chip venture. Despite official
        AP  -  506 words
      • Article
        Lock icon American Express' job cuts deeper than expected
        318 22 NYT NEW YORK The American Express Co said on Wednesday that it would eliminate as many as 6,000 jobs by closing four credit card-pro-cessing facilities and merging overlapping functions. The cost-cutting had been expected, although the total number of jobs to be eliminated
        NYT  -  318 words
      • Article
        Lock icon Mitsubishi Materials to expand its Oregon wafer plant
        376 22 Bloomberg Business News TOKYO Mitsubishi Materials Co will spend US$24O million (*****.48 million) on a new silicon wafer plant in Oregon, creating around 380 new jobs, the company said yesterday. Mitsubishi will invest the money in Siltec Corp, its whol-ly-owned subsidiary and
        Bloomberg Business News  -  376 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Commerzbank to expand treasury operations in S'pore
        286 23  -  By Shiv Taneja SINGAPORE Germany's third-largest private sector bank, Commerzbank Aktiengesellschaft, is expanding treasury operations at its regional headquarters here. Singapore general manager Gerhard Held says the treasury department has been expanded to accommodate 60 dealers a head count he hopes to achieve
        286 words
      • Article
        Indon feed mill firm raises US$ 25m loan
        172 23 SINGAPORE Sierad Feedmill of Indonesia has made its debut in the Asian dollar market, tapping US$25 million (Ss37 million) through a syndicated loan. The two-year loan, signed here yesterday, bears interest two per cent above the Singapore Interbank Offered Rate. The deal
        172 words
      • Article
        Lock icon Hongkong's Dao Heng Bank posts 150% profit rise
        235 23 Bloomberg Business News HONGKONG Commercial and retail bank Dao Heng Bank Ltd yesterday said its net profit rose 150 per cent in the year to June 30, due largely to contributions from its year-old subsidiary, Overseas Trust Bank. Dao Heng said that
        Bloomberg Business News  -  235 words
      • Article
        Lock icon Korean bank aims high on recovering from bad debt
        320 23 Reuter SEOUL The Commercial Bank of Korea (CBK), recovering from one of South Korea's worst bad loan cases, is seeking to become a major player in the world financial markets. "We will be able to rank the world's 30th largest bank
        Reuter  -  320 words
      • Article
        Lock icon Thailand to license 5 more foreign banks
        190 23 AP MADRID Thailand will allow at least five more foreign banks to open next year under its international pledge to license more banks by 1997, says Bank of Thailand governor Vijit Supinit. Thai officials yesterday said only two of the 14 foreign banks
        AP  -  190 words
      • SMALL CHANGE
        • Article
          Lock icon Manila approves terms for FXTNs
          109 23 AFP MANILA The Philippine monetary authorities have approved terms for the issue of Fixed Rate Treasury Notes (FXTNs), paving the way for the country's maiden issue of the notes next week. Spokesmen yesterday said the new FXTNs would be offered publicly through a monthly auction
          AFP  -  109 words
        • Article
          Lock icon Allianz first-half premium income up
          43 23 Bloomberg Business News MUNICH Allianz AG Holding, Europe's biggest insurer, yesterday said first-half premium income rose 5.6 per cent to US$22.B billion (Ss33 billion) and that it expected a "slight increase" in full-year premium income. Bloomberg Business News
          Bloomberg Business News  -  43 words
        • Article
          Lock icon Thai financial bodies to form new fund
          73 23 Reuter BANGKOK Financial institutions led by Bangkok Metropolitan Bank and Sitca Investment and Securities pic plan to set up a mutual fund management company after a mutual fund law is introduced by the finance ministry. The Securities and Exchange Commission agreed in principle
          Reuter  -  73 words
        • Article
          Lock icon Indon group considers Dragon bond
          55 23 Bloomberg Business News HONGKONG Ometraco Finance, an Indonesian conglomerate, is considering its first Dragon bond sale, said an official at Deutsche Bank Capital Markets (Asia) yesterday. The company has not yet named an investment bank to underwrite the bonds, but Deutsche Bank thinks it is
          Bloomberg Business News  -  55 words
      • Article
        Lock icon Tokyo may modify accounting rules for resale of bank loans
        467 23 Bloomberg Business News TOKYO To help Japanese banks rid themselves of their least profitable loans, the Ministry of Finance may change its accounting standards. The change, said an official in the Commercial Banks Division of the ministry's Banking Bureau yesterday,
        Bloomberg Business News  -  467 words
      • Article
        Lock icon Scope for yield curves to flatten in bond markets: analysts
        551 24 Reuter LONDON As global bond markets brace themselves for possible rate rises this year, analysts say there is scope for yield curves to flatten in several major markets. "The US is in a well-de-fined flattening trend, and Germany's yield curve
        Reuter  -  551 words
      • Article, Illustration
        Lock icon Coffee drinkers face higher prices as effects of frost, drought kick in
        636 24 Reuter LONDON World prices for coffee beans have quadrupled this year, after frost and then a drought hit prospects for next year's crop in top producer Brazil, and they might go even higher. That would soon hit drinkers
        Reuter  -  636 words
      • Article
        Lock icon SEC probes claims that Piper fund did not properly reveal investment risks
        319 24 Bloomberg Business News MINNEAPOLIS The Securities and Exchange Commit sion is reviewing whether Piper JafTray Cos withheld information from shareholders about risky investments bought by the brokerage's government bond fund. "We've received a request for information from the
        Bloomberg Business News  -  319 words
      • Article
        Lock icon Oil prices firmer on winter demand
        285 24 ENERGY REPORT Reuter LONDON Demand for crude and heating oil ahead of the northern hemisphere winter helped push oil prices firmer yesterday. North Sea Brent Blend crude, the reference price for most international trade, rose 13 cents to U5516.90 a barrel on the London
        Reuter  -  285 words
      • Article
        Lock icon Currency Reports: London
        190 24 Bloomberg Business News LONDON The dollar was little changed in Europe as traders waited for the release today of the September US employment report, which could indicate whether interest rates will rise to control inflation as the economy grows. The dollar was last at 1.5437 marks, little
        Bloomberg Business News  -  190 words
      • Article
        Lock icon NEW YORK
        96 24 Reuter NEW YORK The dollar was marginally lower after a dull morning session that a dealer best described as "no news, no number, no gossips, no trade." At midday, the dollar traded at 1.5438/43 marks versus 1.5447/52 marks at the open, and 1.5440/50 marks at the close Wednesday.
        Reuter  -  96 words
      • Article, Illustration
        Untitled
        1141 24 I raJr-nrtghled index cakulaied against Spat s lop 14 trading partners Base year 198} US$/S$ forward rates Noon Oct 6 S$ Bid Offer 1-month 1.4755 1.4770 2-month 1.4741 1 4756 Smooth ***** 1.4739 6-month 1.4677 'j252I- Source: OCBC FOREIGN CURRENCY NOTE RATES As at Im m Oct Singapore dollars to
        1,141 words
      • Article
        Lock icon Australian drought expected to boost US wheat exports to Asia
        454 24 Reuter KUALA LUMPUR US wheat exporters see good prospects for increased American sales in Asia this year as a prolonged drought slashes traditionally large Australian shipments to the region and Saudi Arabian exports slow down. "We see new market opportunities
        Reuter  -  454 words
      • Article
        Lock icon Asian rubber prices bounce back to six-year highs
        447 24 Reuter KUALA LUMPUR Asian rubber prices rose again to sixyear highs amid renewed Western tyre-maker demand, supply tightness caused by hoarding and wet weather and market speculation. Trade sources yesterday said prices were at six-year highs, as they were in July, and
        Reuter  -  447 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, Eurodollar futures steady
        1232 25 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Eurodollar futures were steady at the close. Dealers said Euroyen saw active selling by European funds in the afternoon after US funds sold in morning. But some Japanese funds were seen buying. A dealer with an Asian commission house
        Reuter  -  1,232 words
      • Article
        Lock icon London surge gives KL tin a boost
        644 25 COMMODITY REPORTS Reuter Bernama KL Tin TIN rose five sen to close at M$ 13.59 a kg on firming prices in London and strong consumer demand, dealers said. "The market is firmer on good demand and better prices in London," a dealer said.
        Reuter; Bernama  -  644 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          World magnesium stocks dropping
          101 25 TOKYO Worldwide production of magnesium in the first six months of the year slipped 11.8 per cent from year-eadier levels to 102,000 tonnes, while shipments jumped 15.5 per cent to 121,800 tonnes in the same period, according to the Japan Magnesium Association. As a result, global
          101 words
        • Article
          Tomago aluminium shipments hi
          71 25 TOKYO Owners of Tomago Aluminium Co have declared a force majeure on some October shipments of aluminium for export due to recent strikes by employees at the 346,000-tonne Tomago smelter and by dock workers at Australian ports, according to company officials. Force majeure was also declared
          71 words
        • Article
          Japan firm to keep ferronickel price
          74 25 TOKYO Pacific Metals Co will make no change in its prices for ferronickel to be delivered in the October-December period, ending for now the series of price hikes which began early in the year. The strong yen has offset rising nickel prices overseas, the
          74 words
        • Article
          China grain production seen down
          67 25 HONGKONG China's grain harvest this year will fall 5 to 10 million tonnes short of last year's 456.4 million, the Beijing-backed Wen Wei Pc newspaper reported here yesterday. "This year's overall agricultural trend won't have big problems. With the exception of possible lower grain production,
          67 words
      • Article
        COMMODITY PRICES
        1381 25 Rubber oct6 Singapore Commodity Exchange Physical ric (fvturM dosing m at S.30p«) B«ym Salter* As at 12 noon (S cents/kg) RSS 1 Cantract (S ccnts/kg) Vrt|l|lw pr— RSS 2 Nov 94 210.00 211.OON H> I/M InleES RSS 3 Nov 94 209 00 2IOOON Mo<Uh Hlgh Low Sett (tonno)
        1,381 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1050 26 •3.5 The Australian sharemarket closed slightly weaker yesterday in reasonable volume despite much weaker offshore markets on Wednesday. Dealers said the current instability of world markets caused local investors to stand back from the market. The All Ordinaries Index closed 3.5 points or 0.18 per cent lower at 1976.3,
        1,050 words
      • Article
        Manila
        619 26 +4.49 Philippine share prices continued to rise for the fourth day in a row yesterday on selected buying of blue-chips and main sec-ond-liners, pushed by news of tie-ups and expansion plans, analysts said. The Philippine Stock Exchange Composite Index advanced by 4.49 points, or 0.15 per cent, to close
        619 words
      • Article
        Seoul
        472 26 12.64 The leading stock index gained 1.2 per cent to a new all-time closing high as an early spurt in banking and low-PER shares was followed by broad-based buying towards the close, brokers said. The Composite Index ended the day 12.64 points higher at 1,069.93. The former high was
        472 words
      • Article
        New Zealand
        291 26 •36.86 Interest rate fears continued to dog New Zealand shares, the market closing 1.81 per cent down but off its lows. The NZSE-40 Capital Index ended 36.86 points down at 1.998.16 but off its low of 1,984.84 after a steady showing on the Australian market lent some semblance
        291 words
      • Article
        Taipei
        572 26 -291.27 Taiwan stocks plunged for a second straight day to end down 4.19 per cent in active trade as market player Hualon Group's payment defaults case continued snowballing, brokers said. The Weighted Index ended down 291.27 points at 6,653.32. Turnover was an active NT570.20 billion. The index fell sharply
        572 words
      • Article
        Bombay
        106 26 Shares closed higher on sustained buying on expectations of a favourable credit policy to be announced on Oct 17, brokers said. The 30-share Bombay Stock Exchange (BSE) Index closed 31.57 points higher at a provisional 4,381.62 indicating moderate activity in the specified group of shares. "There are strong rumours
        106 words
    • WORLD STOCK MARKETS
      • Article
        London
        814 26 +28.1 UK stocks rose as a surprise 0.1 per cent drop in August industrial production added to signs that the British economy isn't growing fast enough to generate inflation. Telecommunication, drug and industrial conglomerate shares led the advance as the FT-SE 100 Index of leading stocks rose 28.1 to
        814 words
      • Article
        Paris
        132 26 +9.66 French shares closed with modest gains but off the day's highs, after a technical rebound from Wednesday's fall to a new low for 1994. Turnover was low as investors stayed out of the market, waiting for today's US non-farm payroll data to give a sign for the direction
        132 words
      • Article
        Frankfurt
        190 26 -7.69 German shares ended mixed with a lower bias. Dealers say absence from the market of key investors, sidelined ahead of October 16 general election, gives the market a vulnerable feel. The DAX Index ended 7.69 points lower at 1,961.03 but above Wednesday's IBIS DAX finish of 1,946.49. Traders
        190 words
      • Article
        Brussels
        157 26 •0.24 Belgian stocks closed little changed, after Wednesday's 2 per cent plunge, as interest rate doubts ahead of the US report brought the recent drop in bonds and the dollar to a halt. The Bel 20 Index of leading shares fell 0.24 point, or 0.02 per cent, to 1,338.09,
        157 words
      • Article
        Milan
        132 26 +45 Italian financial markets recovered somewhat after prices tumbled on Wednesday amid a clash between the government and judges over the extent of the county's corruption investigation. Analysts said a government leadership crisis, which seemed a strong possibility on Wednesday, appears to have been averted for now. The Italian
        132 words
      • Article
        Amsterdam
        233 26 +0.65 Amsterdam shares ended just above Wednesday's close, but nothing near the recovery showed by London with traders nervous over today's key USdata and further early Wall Street falls. The AEX Index was up 0.65 to 390.78 points. The shares were unable to retain their early gains, which were
        233 words
      • Article
        Stockholm
        127 26 -0.22 Swedish stocks were mixed after plunging on Wednesday amid concern that US employment figures released today will indicate surging economic growth and prompt the sixth US interest rate rise this year. Compounding uncertainty is the newly elected Swedish government's plan to announce today its agenda for the next
        127 words
      • Article
        Zurich
        229 26 4.4 Swiss shares closed narrowly mixed with activity subdued as the market was waiting for today's release of the US September labour market data, dealers said. The Broad SPI Index was up 3.42 points at 1,654.07. The blue-chip SMI Index was up 4.4 at 2,484.8. Zurich Oct 6 Franc*
        229 words
      • Article
        Johannesburg
        298 26 10 Gold shares led South African equities lower in slack trade as investors found little inspiration amid gold price weakness and world equity market losses, dealers said. They said the market was attracting little interest in slow trade, although any steady gains on Wall Street overnight could pull industrials
        298 words
      • Article
        Toronto
        299 26 +22.11 Stocks moved higher in midday trade as buyers snapped up bargains following the market's weakness in recent days, traders said. All 14 sub-indices on the TSE 300 posted gains, led by strength in gold, consumer products and transportation. Fears of rising interest rates pulled the TSE 300 Index
        299 words
      • Article
        New York
        784 26 -1.01 US stocks were narrowly mixed at midday as investor stepped to the sidelines ahead of the key US economic report due today. The Dow was off 1.01 to 3786.33. Advances led declines by a nine-eight ratio. Bond prices were also fairly flat at midday, with the long
        784 words
      • Article
        Untitled
        515 26 Vienna Oct 6 Asrt AUA |*M0 20 Bank Awlnj PS 405 unch BV VZ *01 I EVN IJTO until FlugMcn 2 tcn/.n* I MO 4 Icikjm 421 I Mitotan MM VZ 1105 -IS UEMV VZ <»7I 4 VA TccfcaahcK I0* 1 15 Veaxiicf JJT 2 Vci*und Ut* A 651 2
        515 words
    • Article, Illustration
      Lock icon HONGKONG
      2670 27 Bloomberg Business News HONGKONG Stock prices fell on expectations of higher interest rates and concern that apartment prices here may fall further, analysts and traders said. "There are local jitters due to a panoply of concerns property, interest rates, Deng," said Chris Malpass, sales director at Peregrine Brokerage. Speculation
      Bloomberg Business News; Source: Bridge Info  -  2,670 words
    • Article, Illustration
      Lock icon CHINA
      495 27 CLSA THOUGH the Shanghai B Index slid i.l per cent, it outperformed the A share markets as the Shanghai A market plunged 6.9 per cent and Shenzhen retreated by 5.7 per cent. China TM shed 10.6 per cent on thin turnover and Outer Gaoqiao and Tyre and Rubber declined
      CLSA  -  495 words
    • Article, Illustration
      Lock icon TOKYO
      2468 27 Reuter TOKYO Stocks ended weaker on adjustment after Wednesday's rally caused by public funds buying, with the Nikkei just off the day's low. The market was nervous about the outcome of the October 4-11 payment period for Japan Tobacco Inc's (JT) initial share offer, brokers said. There is fear
      Reuter; Source: Bridge Info  -  2,468 words
    • Article, Illustration
      Lock icon BANGKOK
      1570 27 Reuter BANGKOK Thai stocks came under heavy selling pressure in late trade with the focus on finance and banks, forcing the index to approach 1,480. The SET Index closed down 11.39 points, or 0.76 per cent, at 1,481.50 after hovering around 1,490 in the morning in dull trade. Volume
      Reuter; Source: Bridge Info  -  1,570 words
    • Article, Illustration
      Lock icon JAKARTA
      1028 27 Bloomberg Business News JAKARTA Stocks rose as investors welcomed news that the government will cut personal and corporate tax rates, traders said. The benchmark Jakarta Stock Exchange Composite Index rose for a third day to its highest level since Sep 23. The index added 7.82 points, or 1.6 per
      Bloomberg Business News; Source: Bridge Info  -  1,028 words
    • Article
      CLOB INTERNATIONAL
      2455 28 MOST ACTIVE-v*urr» M Mosaics 11.461.000 KL Industries I0.8-W.000 MBf Capital 7.*****0 Mulptu Intl 50c 7.040.000 Promct 6.675.000 Rcnon g Bhd 50c 6 266 000 Amal Steel 50c 5.800.000 Kabcr Ciroup 5.422.000 Tcmgkah »t99 S.399.000 Idris H>d 50c 4.674.000 Toatkah Hldgs 4 03 7 .000 kulim (M) WW9 3.935.000
      2,455 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares end higher, narrow range seen ahead
        5702 28 AFP KUALA LUMPUR Malaysian stocks closed higher yesterday on the heels of a remarkable recovery a day earlier although late profit-taking eroded some earlier gains, brokers said. The Kuala Lumpur Stock Exchange Composite Index, which tracks 86 quality stocks, closed 8.91 points higher
        AFP; Source: Bridge Info  -  5,702 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        6530 29 Gr Gf M Wl [m( Vol Day Uu Qwot Dh Di» YM Nrt Can A|| H«h L.» -—I—I- s2£ (-W0) High Uw Bnyer Sutler Or P/E tali Price INDUSTRIAL AND COMMERCIAL 1440 835 .1 Acnu 10.0 cd unch 173 .020 .0.0 .0.0 .020 7 5 *7 7 .6,. 6% 2
        6,530 words
      • Article, Illustration
        Lock icon Local shares plunge as SIA news sours sentiment
        1831 30  -  By R Sivanithy SINGAPORE Local stocks, which recently have demonstrated surprising resilience to cracks on Wall Street and other key overseas markets, finally succumbed yesterday, when the Straits Times Industrials Index plunged almost 2 per cent in fairly heavy trading. Helping to
        Charts by Bridge Info; Source: Bloomberg  -  1,831 words
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      321 19 NEWS VALUE How today's news might affect your stocks SIA surprises with fare cuts for some routes; shares 6bn(pg 1) Fare cuts may be compensated by increased volume. Price falls exaggerated as prices had been rising recently. Parkway takeover rumour gets a twist (pg 1) The heavy trading volume suggests
      321 words
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      346 21 BUSINESS TIM E__S TOLL-FREE TEL No 1-000-741-1883 FAX 741-1288 RIVERVIEW DEVELOPMENT PRIVATE LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that Final General Meeting of the company will be held at 47 Hill Street #05-01 Chineee Chamber ol Commerce Industry Building, Singapore <*17 on 9 November IM4
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      312 21 In the Matter of THE COMPANIES ACT (CHAPTER 50) AND In the Matter of SKIMMAC WAREHOUSING PTE LTD (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE S HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Chapter 50. tie final meeting of tie members of the Company
      312 words
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      1229 23 SOTHEBY'S FOUNDED 1744 fVflvjß M^Mha*^3B&y **Cmm*m t (kl9t9)AmcwmCKtOfJ»ai»mLm*m*m,idm*a*mr,ptmmdpmckt<mr+erfrm*d 102 x IQ*cm Fmmttt HKSljmm IJMM* AN EXHIBITION OF FINE CHINESE CERAMICS MODERN AND CONTEMPORARY CHINESE PAINTINGS AND OILS JADEITE JEWELLERY SNUFF BOTTLES Singapore Exhibition Dates: Saturday, Bth Sunday, 9th October, 1994 Time: 10:00 a.m. to 6:00 p.m. Venue: Level 2 Foyer,
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      49 24 You may have been unable to get your Business Times, Straits Times, Sunday Times, LlanHe Zaobao and other daMy newspapers from your usual newsstand because of the higher demand lately. To ensure a daMy copy, can Customer Services Section on 1000-749-2577. and ask tor home or office delivery service.
      49 words
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      Page 25 Advertisements Column 2
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      40 words
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      5 28 INVESTMENT Tomorrow in Business Times
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      312 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TEY HUP SOFTWARE PTE LTD MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 257 Selegie Road, #05-283, Selegie Complex, Singapore 0718 on the 29th
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      290 30 IN THE MATTER Of THE COMPANIES ACT, CAP., 50 AND IN THE MATTER Of ACUTECH S PORE PTE LTD NOTICE Of SPECIAL RESOLUTIONS fOR MEMBERS' VOLUNTARY WINDING-UP [PURSUANT TO SECTION 290 (I) (b)] At an Extraordinary General Meeting of the members of ACUTECH S'PORE PTE LTD, duly convened and held
      290 words
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      170 30 MIKE MATTER Of THE COUP AMES ACT, CAP 50 AND M THE MATTER Of AGUALENE PTE LTD |N VOLUNTARY LIQUIDATION) NOTICE Of RNAL GENERAL MEETMO NOTICE B HEREBY GIVEN purauart lo Stdcn JOB 4 It* Companl* Act Chapttf 50. i»t Final Gantral Merino of Itt Company to Md at 7500ABaach
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      Page 30 Advertisements Column 4
      791 30 BUSINESS T I JyLJL-S__ TOLL-FREE TEL. No. 1-600-741-1883 PAX.74I-1298 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 F C SELF SERVICE LAUNDRY PTE LTD (Incorporated hi Singapore) STATUTORY DECLARATION OF INSOLVENCY I. Tan Not, NRIC No. *****28/B of Bik 319 Clementl Awe 4, #09-69, Singapore 0612 mate oath and
      791 words
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      Page 30 Advertisements Column 5
      397 30 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF POLARSTAL PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Stction 308 of the ComparseeAcL Chapter 50. tut the FINAL MEETING c* the Members at tha abovenamed Company w* ba held
      397 words
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      Page 30 Advertisements Column 6
      607 30 IN THE MATTE* OF THE COMPANIES ACT. CAP.» AND in the matter or ST ANIAS PTE LIMITED (fat Member Voluntary Uqnidatlon) NOTICE OP RESOLUTIONS IPvnul to SeeHaa A. an Extraordinary Gene«l Me*.* of the \SSII P1.7. #18-03 Goktull Plaza, Singapore 1130 on October 3, 1994. the following resoiutioos were patted
      607 words
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  • Shipping Times
    • Article
      Govts can help shipowners improve safety: Intertanko
      370 31  -  By Rahita Elias SINGAPORE Shipowners cannot improve safety standards at sea without cooperation from government authorities and cargo owners, says Intertanko chairman Miles Kulukundis. Speaking at the Marine Log Conference in Washington, he urged regulatory bodies to go beyond introducing and enforcing new
      370 words
    • Article
      Indian seamen get better pay and service conditions under new pact
      449 31 HONGKONG Indian seamen working for foreign shipping companies are to get higher pay and better service conditions. This follows the first national level negotiations held in Bombay recently between the seamen's unions and representatives of foreign shipping companies. The
      449 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1071 31 Page Col ABC Containcrline 16 1 Accord Group 8 1-3 AhlersLine 13 5 Ahrenkiel Liner 4 4/5 ANL 3 1/2 Antaco Mgmt 17 3 APL 5 4/5 Appenship 4 4/5 Arabian Express 15 5 ASCL 5 5 Assist Marine 6 .1 Avant Shpg
      1,071 words
    • Article, Illustration
      Coastal Equipment clinches deal to supply Mammoet with crane
      312 31  -  By Alec Almazan SINGAPORE Jurong-based Coastal Equipment has closed a multi-million-dollar deal with heavy lift operator Walter Wright Mammoet for a crane and attachments. The order comprises a 1,300-tonne Manitowoc M-1200 Ringer heavy lift attachment, a 272-tonne Manitowoc M-250 Series 2
      312 words
    • Article
      Lock icon Ferry captain says Estonia overtook him at high speed
      230 31 Reuter STOCKHOLM A Swedish ship captain said on Wednesday his ferry travelling as fast as he dared was overtaken by the Estonia car ferry shortly before it sank last week, with the loss of more than 900 lives. Jan-Thore Tornroos, captain
      Reuter  -  230 words
    • Article
      Lock icon Surge in newbuildings could dull demand for dry bulkers
      434 31 Seatrade Week HONGKONG The lustrous picture of demand for dry bulkers increasing on the back of economic recovery in the US, Europe and Japan is being tarnished by growing newbuilding orderbooks. Tankers, on the other hand, will see the tonnage surplus
      Seatrade Week  -  434 words
    • Article
      DAILY FREIGHTS
      1717 32 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,693 on Wednesday from 1,677 on Oct 4. Rates continued to strengthen for Atlantic Panamax tonnage, brokers said. NSAC was linked with the 1987built, 67,395-dwt Gina luliano for a (rip from the UK to Japan via
      1,717 words
    • Article
      THE SHIPPING GUIDE
      14149 40 This is a list of ships loading at L Singapore for ports around the j* world. It tabulates, by destination, the name of the ship, the shipping p line involved and the estimated f dates of arrival and departure from the Port of Singapore. LECENO PN: ship
      14,149 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        612 48 Vnsd Voy Kb B«fth Mmt Pgartot Vessti Voy Wo B«th Armtl Popartwc JurOflE Port Balm Sow)) 20(94* P01A 0/10/0/00 0/10/0000 feean Vil 10/* II/* alongside 0710/1300 Bum. Speed* ****** TOA *10/1900 Bonava 9404 1/ alongside 0710/0/00 Batan. Speed4 ****** TOA 0710/2000 0/10/2100 Utm Star J12 alongside 07
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      • Article
        CONTAINER SCHEDULES
        1169 48 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING Of EXPORT Fa CONTAINERS *WP La CARGO Record Bookkif/Balance Rslts St* Voy No Etb/Btr Poriod From To From ta-O®, 057B 07/23M U 05/1500 05/1659 05/1900 18 05/1500 05/1654 05/1900 3 06/0700 06/1159 06/1400 4 06/1200 06/1459 06/1700 iTfcfc 2068
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    • Article, Illustration
      Boom times ahead in the Mediterranean cruise market
      693 49 THE Mediterranean is becoming the hottest holiday spot in Europe. Indeed, many believe all the major cruise companies will have vessels positioned in the Mediterranean basin from 1995 onwards. With the doubling of cruise berths in the last five years, plus the
      693 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon China strives to improve transportation system
        397 50 Reuter SINGAPORE China will have its work cut out for itself as it tries to improve its transportation infrastructure, Chinese industry sources said. Because of bottlenecks and other problems, they estimated that the country's transportation system meets up to only 15 per cent of
        Reuter  -  397 words
      • Article, Illustration
        Aerospatiale delivers telecoms satellite
        222 50  -  By Alec Almazan SINGAPORE French aerospace giant Aerospatiale has delivered the world's largest civil telecommunications satellite to Space Systems/Loral of the US. Weighing 3,640 kg at lift-off, Intelsat is also the world's most powerful civil telecommunications satellite, providing four kilowatts of onboard power. Designed to operate
        222 words
      • Article
        Dassault unveils its new Falcon business jet
        186 50 PARIS French aerospace and defence concern Dassault Aviation said its US businessjet subsidiary Falcon Jet Corp would begin selling a new variant of the Falcon 900. Designed to carry eight passengers, the new 900 EX will have a range of up to 4,500
        186 words
      • Article
        Lock icon Union Pacific offers US$ 3.4b in rival bid for Santa Fe Pacific
        370 50 Bloomberg Business News BETHLEHEM, Pennsylvania Union Pacific Corp made an unsolicited offer to buy Santa Fe Pacific Corp for US$3.4 billion (SSS.O2 billion) in stock, threatening to derail Burlington Northern Inc's US$2.7 billion friendly merger proposal. Drew Lewis,
        Bloomberg Business News  -  370 words
      • Article
        Lock icon US Africa Airways to add two more weekly flights to Johannesburg
        287 50 Reuter NEW YORK USAfrica Airways, a tiny carrier that began operating in June between Washington's Dulles International Airport and South Africa, said it would add two more weekly flights to Johannesburg in December. It now flies three weekly flights
        Reuter  -  287 words
      • LOG BOOK
        • Article
          Lock icon Bombardier sells 3 jets for C$ 80m
          72 50 Bloomberg Business News TORONTO Bombardier Inc said its aircraft division has sold three Canadair Regional Jet aircraft to Brit Air of Morlaix, France, for CsBo million (SsBB million). One of the jets, to be delivered in June, will fly in Brit Air colours,
          Bloomberg Business News  -  72 words
        • Article
          Lock icon Merpati services disrupted by haze
          72 50 UPI JAKARTA Heavy smoke from forest and cropland fires in Indonesia is disrupting commercial flights and causing serious losses to the domestic Merpati airline, officials said on Wednesday. A spokesman for Merpati Nusantara Airlines said the company suffered losses of atout three billion rupiah (Ss2
          UPI  -  72 words
        • Article
          Lock icon Micropolis, Matsushita team up
          57 50 Bloomberg Business News CHATSWORTH, California Micropolis Corp and Matsushita Avionics Development Corp said they will work together to develop an audio/video-on-demand (AVOD) system for widebodied aircraft. The effort combines Micropolis' experience in disk drive array-based electronic video servers, presently installed in hotels, and Matsushita's experience in-flight
          Bloomberg Business News  -  57 words
        • Article
          Lock icon Tighten security, Pacific carriers urged
          78 50 AFP AUCKLAND South Pacific airlines were urged yesterday to tighten security at airports following the deaths of stowaways who concealed themselves in landing gear bays. The Association of South Pacific Airlines warned that "the only free ride these people are getting is to their death".
          AFP  -  78 words
        • Article
          Lock icon Toyota to make new car at US plant
          73 50 AFP TOKYO Japan's top carmaker Toyota Motor Corp said yesterday it would import and market a new large-sized car made exclusively at its US plant from the middle of next year. Toyota said the Avalon, produced at Toyota Motor Manufacturing USA Inc
          AFP  -  73 words
        • Article
          Corrections and Clarifications
          64 50 On Wednesday, an article on "Pax adds 13th vessel to fleet next month" reported that the current vessels sail from Singapore. This is incorrect. The routing begins in Hongkong. We are sorry for the error. The article also reported that the vessels sail to Kobe, Nagoya and
          64 words
      • Article
        Lock icon Air NZ wins landing rights at London's Heathrow
        232 50 Bloomberg Business News AUCKLAND Air New Zealand has secured landing rights at London's Heathrow Airport, one of the world's busiest, the airline said. The carrier will transfer its existing operations from London's Gatwick airport to the more lucrative venue of Heathrow as
        Bloomberg Business News  -  232 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1407 50 otj nm ah nt^ Aka MaM GA928 2205 MaM* Qf81 1925 QF82 2055 SQ227 2230 fcmtertfaM KL837 1 550 KL838 0001 SQ323 1730 KL844 0135 SQ26 2355 Attain SQ348 2250 AacfclMd NZ73 1550 SQ285 2045 BA12 2200 NZ74 2340 talraiii GFI46 1250 GF149 0650 B Serl
        1,407 words
  • Page 31 Advertisements
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      43 31 ami INTER I Container Lashina Equipment M INTERMARINE Supply Co (Pte) Ltd Exclusive Agert KHlntemuiriM Supply Co (Pit) Ltd B No. 7 Bufat Batofc SI 22. *****. Ttl: BM34W fwc SMWII Mediterranean cruise market boom, Page 19 China improves transport system, Back Page
      43 words
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      Page 31 Advertisements Column 2
      27 31 Lines and services represented by Members of the Registry of Accredited UHOJJ] Shipping Agents, Singapore National VVfcgpgy Shipping Association. For advertising enquiries, contact Stopping Times. Tel 740-2089/740-2090
      27 words
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      Page 31 Advertisements Column 3
      39 31 the jj& FAMOUS o-onfb i amiMiA/ ■EHEa 224 1833 For more information please refer to P(. 13 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Vsinoak)«£# m Businesslimes •VONDVAfIM
      39 words
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      1695 32 mmfflr*. n &&wtt.... import.... IMPORT.... fflflßflHß— I i»«o« mm mm nam mmm I amm. at man mum mama snm mm auanw«m* ill 141 U1 ill ui ui ammsnmm iti. iui jtu jtu ttli n-u aumvimam it. it. m itj. KASU6AI 3* IJ-2t.1l 5.11 7.11 111 11.11 til til UI 111
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      1236 33 -r- .Tn jarqimb SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHD 200 CANTONMENT ROAD, #12-05 SOUTH POINT. SINGAPORE 0208 JAYA J|Lmul™ J^» 5342 CFS 0 3 *****42 CR NUMBER: **********0 C PENANG J|L *****4 FAX *****1 PISTOMPRVERVICE Tit alSSlll/a^rr/aSS^S 0 <OUTWARO > PQUDANG TEL: FAX: (OPNS) CUSTOMER SERVICE TEL. 32W192/*****»1^2M1M 25
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      Page 33 Advertisements Column 2
      1676 33 MAERSK IS REPRESENTED IN MORE THAN 60 COUNTRIES FACILITATING THE EASE OF LOGISTICS Vritt* Voy ETA ETD DESTINATIONS Nut «Mh MC-WWCV MAERSK V 9408 CV 11/10 0800 MBS CfS 10/10 2360 MRS OAK LOB SFO MEM ATI MIA CHS BAL PHL NYC TOR MC-KINNEY MAERSK 9408 11/10 12/10 29/10 31/10
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      1743 34 AQABA R OAM/1 [I ALSO ACCCPTMO FROM VESSEL VOY NO SPORE JEOOAH (VIA JED) S TON H'BURG A WERP HAVRE MALAYSIA KITANO 27/339 11/10 19/10 2S/10 20/10 3"™ 4/11 Poet Ketong. Pofiang KAMAKURA 36/140 12/10 29/10 1/11 30/10 Oudang ELBE ***** 16/10 2"1 5/11 7/11 9/11 EAST MALAYSIA THAMES *****
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      Page 34 Advertisements Column 2
      665 34 jS 91 PPMt r S'pore P. Kelang Loading for I FORUM WIND 6/10 9/10 Rdm/Atu/Uk/Nantes I 'Loads E./W. Malaysia. Indonesia I Loading for I BUFFALO Jeddah/Aqaba I pan CRYSTAL Dubai/Bahratn/Damman/Kuwait *Loads Singapore. E./W. Malaysia. Indonesia I Loading for I EM XANTHOS Los Angeles/New Orleans/ I Charleston/Norfolk/Camden A HAZER Los Angeles/New
      665 words
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      1108 34 NORASIA 3 AftAMAN SEA 440W 13/10 05/11 10/11 11/11 M/ll 09/11 10/11 U/ll 11/11 12/11 SEA MACEDOMA 441N 19/10 12/11 17/11 10/11 15/11 10/11 10/11 17/11 17/11 1«/U,?K NORASIA Al MUNI A/AH 9442-3 20/10 10/11 23/11 24/11 22/11 23/11 24/11 25/11 2S/U 20/11 SI VALUE 443W 02/11 22/11 25/11 20/11
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      1606 35 MM STRAITS SHIPPING PTE LTD mgm mad 10 Hoo Chioni Rood #1101 Koppol Toworo Singapore 0208 Tel: *****88 fax: X* s»*s STRMTS PMDC *W€ Khiva. LA OC-07 Oct 01 Oct M Oct FCt, LCI COffTAMCft ANO BMAKMJIK SERVICE TO PAKM NCW OUMCA STRMTS VENTURE V2CE KK. Shan. Tj« 07-01 Oct
      1,606 words
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      Page 35 Advertisements Column 2
      1612 35 Pt&O Containers p»TS»UnC(si. g .p«-. *««<*■> p«. l* X %J 10 Hoe Road ff (H-01 Kepoel Towers, Singapore 0808 First Class Connections WORLDWIDE N f m gf 10^ 3<5mTnocsp *F" 225 5327 222 mr r r. ~r„ vs rs »j'o OJ'JO g'J® "JJIO 0 nno 30/10 30/10 MAERSK HONGKONG 9412
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      Page 35 Advertisements Column 3
      1073 35 < AMERICAN PRESIDENT LINES, LTD. n worn road »02-oi jrr poh mjldko VMaAPom oao* til m 221-4*22 ALSO OFFERING SERVICE TO/FROM •PRC CIS VIETNAM *EAST RUSSIA •CARIBBEAN LATIN AMERICA EAST MEDITERRANEAN CALL 225-1-225 FOB BOOKING OR ENQUIRY |m1f»I Pt I «T Ml |«MEL/VOWM IMA I LAR lOM VMI ICWI ML
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      511 36 r GENERAL AGENT: C.R. NO: *****81-***** eka jaya agencies >9lir TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE r~wo cm m—i cn> I >*aw I hanphohk/DIMCT imymm I MM I mlwmcmaw I 11—n I imsmtvama [MMMDi imm «M»a I wiiiriiwi I HUM ImnwuMfla j TO VIETNAM/HCMC CONTAIW»R.fE«DIR CENTER-MMNT
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      Page 36 Advertisements Column 2
      1207 36 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 fM SM ILME HAU. SEA TV* fOX FDR YS. I SH |UNE HAUL SA* Ul RTC wanim 013E 14/10 DMECT 3/11 4/11 S/U HANAN BlfiAN 14CC 9/10 N. KEEIUNG 0501 10/11 U/ll 13/11 HMM HONGKONG
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      Page 36 Advertisements Column 3
      98 36 SIM SWEE JOO SHIPPING SDN BHD. REGULAR SERVICE TO BINTULU/MRI VtMCI IvOY* PKL PGO KUC SIBU BTU MIRI' iwii loop «atu I n 13/ to iv 'Q lO -—12-2 IWU«* JAY* I 281" 5/10 *>'0 9/10 10/10 JWTA JAVA I 119 I 9/10 1 7/iOl'4MOl 'S' 10 1 ACCEPTING FCL
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      Page 36 Advertisements Column 4
      1286 36 —i i -J.TfJ —I hi v at ik u w Mt oa ki at rra hi cm w are urn m* aw n* mt m am m m I i sun h m mn u/11 ?2/io 24/14 »/i» x/ii 27/14 21/14 21/14 i/u22/112«/u 2VII Vl2 1/12 ;/u vu 1/12 i»/i2
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      1894 37 H II sex: 'CALIFORNIA JUPITER 76' eta SGPI2/10/94 H II II ARRIVING LOS ANGELES 29/10/94 IN IB DAYS r|l JwCrJar II AEX: 'NEPTUNE CORAL 17E' eta SGP 12/10/94 HI II ARRIVING NEW YORK 05/11/94 IN 23 DAYS CLf cm PAL PET HOC MtH NOK NYK fLD TO* wT| CALIFORNIA JUPITER
      1,894 words
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      Page 37 Advertisements Column 2
      998 37 A MULTILINE SHIPPING PTE LTD mm (a mombor of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS. *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 jfcv A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO. BOOKINGS *****99/*****01 DOC *****07 MARINE MSURANCE: *****87 INVENTORY: *****59 AGENTS: KL:
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      1072 38 W AS AGENTS: UNI (SINGAPORE) PTE LTD (CI NO: **********0M/GST RtG NO: M2-0017M9-S) K- TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 W W IWT MALAYSIA: "t" LINE WAIMTIIIE (MALAYSIA) SON BHD TEL: SA *****00 PK *****75 PEN *****20 JB *****01 PGU *****25/6 I A INDONESIA: P.T. SAHANA LAUTINTERNUSA, TEL: JKT
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      Page 38 Advertisements Column 2
      1180 38 79 ANSON ROAD. #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE BERVICI "T" PORT KLANG/BELAWAN PENANG/PASIR GUPANG VESSEL VOT SIN m BIW VESSEL VOY I S6I PEW P6U HOUR JAYA 9406 a 07/10 (FW) 09/10 (SUN) MCC CONVEYOR 4P40 07/10 (FW) 09/10 (SUN) VIGOUR PACIFIC 9433MH 07/10
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      1028 39 PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street. #03-00 PIL Building, Singapore 0106. I tK U CR NO: **********06 rraffiniMmyaa*i^ f VESSEL VOY SM BKK SIN VESSEL VOYSIN J*T SIN K. BUANA (BMT/LCH) BNAO3O 9/10 12/10 16/10 KOTA INDAH IDHQ2O 9/10 12/10 IS/10 KOTA SABAS *****7 9/10 12/10 10/10 KOTA
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      Page 39 Advertisements Column 2
      933 39 I VOY m u HAVRt HmSuSg THAMES ROTTUOMI ANTWERP Mil 0 HTM* HOSW 10/10 02/11 03/11 05/H 06/11 01/U MILE K LTM TOSW 1»/10 o*/" 10/11 12/11 13/11 15/11 VILIE Of WGA GO6M 30/10 21/11 22/11 24/11 25/11 27/11 WILE DC VELA VOiW Oyil 23/11 24/11 28/11 27/11 «/ll •ALSO
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      Page 39 Advertisements Column 3
      602 39 bsax M MYANMA iflßßk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIc Pen P.Gd| aim vmw 4/s Oct HP* AN V2OSW Sid AVA *1301* 1/12 Oct 13/15 Oct In Pt PAGAN V2I4W 15/1« Oct MALAYSIA AGENTS BOUSTEAO SHTPMG AGENCKS 101: Ttl 03-*****00 PKL TEL 03-3US7S7 KM:
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      1836 42 felixstowe V V^H*£^4'i tuns*XL"'" %."z."c' c sui?n° f fc t srss/n fffssfjr"' I w!'" £?%£££».«>..« c *?£'!?,si, |.tA. lut {wrt Fn« CHm/Rnq >■> f wna/OTM r»~jws sh* on oh go am ksxl wtace mc oal ob «s» wtagi qo n» oal sna w *g Itill/wTH SMART RIVER 22£ 09'10 13/10
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      Page 42 Advertisements Column 2
      1034 42 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUMO PHI PEN WH S« HUG MO tAI K£E I WAG *06 OS* MO) 60S j 04 10 05 10 O/IO 09 09 10 13 10 14/10 16,10 17/10 23/101 74/101 7VIO WAN HAI 205 N064 09 10 11/10 1213 10 I//10 19/10 T/S MMO 72/10
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      328 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GROUPAGE SERVICE TO SOUTH AFRICA 9 a i WEEKLY CALLING:- IB DURBAN, JOHANNESBURG, CAPE TOWN PORT ELIZABETH, EAST LONDON OTHER AFRICAN DESTINATIONS t s CONTACT: RITA, SHARON JACKIE s HOT LINE: *****33 (24
      328 words
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      Page 43 Advertisements Column 2
      836 43 Il VF SEL |^Bl[^Blji3lgg|^^B^M fj IWU BHUM TIB Fri W W>d 12/10 DEJA BHUM 4001 Fri IH> Pt~ Sat t/W VESSEL VOV SjN BKK 1 ■HATHA BHUM 50S Sat »/10_ Thw H/10 TEWATAJ TEROOO Sun >/K) Tu» 11/W WANT A BHUM 214H 8«t 0/10 Tw 11/10 < VIHA BHUM IMS
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      Page 43 Advertisements Column 3
      199 43 o—rut—4 3•Ulnd* to:|b*N«OK/LMM DWAW6 LAosj 11/10 (TH). 15/10 (SAT) TOUT KEUHG/rtHMtG 13/10 (THU). 14/10 (FN) HONG KM 11/10 (TOE). 14/10 (FW) MKMM 15/10 (SOT) MMX/CtBU/SUBH: BAY 10/10 (MOW) NO CMII— 14/10 (FW) SMBMh 0/10 (SUN) 0/10 (SUW) traa (mh) scr f« n* Mt ruJBU Mill U/N IVM IVII M/M M/M
      199 words
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      Page 43 Advertisements Column 4
      559 43 RICHFIELD MARINE AGENCIES (S) PTE LTD UTEL: *****33 (12 Linos) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 LinM) CR NO.: **********0E ACCEPTING FCL AND CONVENTIONAL Vmil Voy ETA Loading Far Abbay Wore 41WB 15/11 Mombasa. Dfrbouti 1 Assab. Masaaws Abbay Wonz 42W8 15/12 Mombasa. Djibouti Aaaato. Massawa I H MEN
      559 words
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      1540 44 I P.kKmW| (wjjSwDf wjftw*' .%"*>*V*M>ll »IWO I I ASIA HKG/TWN/BKKI GENOA/EUROPE I P£N PKL SIN 5 SAH.MGS/WEEK PEN PK SIN 7/10 8/10 9/10 HKG/BKK/KEE/KHH Genoa/Barcatona/Marse«es 12/10 13/10 14/10 9/10 10/10 11/10 HKG/BKK/KEE/KHH G'buri/Ctiaien/S'hofcn/Oslo 7/10 8/10 9/10 B 17/ jo \ml i 7/10 810 9/10 SHANGHAI/DALIAN JPN/KOREA/MANILA I XIAMEN/BEIJING Mmla/Ctbu 12/10
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      Page 44 Advertisements Column 2
      185 44 SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD ETA EM fl* 70K rail KEIAM HNMK BIUI Mff 10/10 t/io Loading toi Malt ■UVN HUDHU 21/10 Lo«fcnf tw Dubai DOWM 20/10 loadin( For Mate roc* sura* 10/10 loading For Malt UMMODH 1/10 Loading For Mate rtoGKSs inn 22/10 Loading tor
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      Page 44 Advertisements Column 3
      815 44 THONG SOON UNES PTE LTD 7S SHENTOH WAY #10-01, SMGAPORE 0207 I Vy K/J Ta: 227-5088 FAX: 227-6011 I TLX: RS ***** CARRER, RS ***** JEHHOL CABLE: TOSOCO I 4 rwjiM mmm oommm Btßiuiii# SING A EXPRESS SINGAPORE TO SARAWAK SINGAPORE TO THAILAND VESSEL VtT SPOtE PEST KSttl WT STORE
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      641 45 snipping times, rnaay uciooer < iw* ORIENT LINE" JAPAN/BAY OF BENGAL/JAP AH SERVICE ACCEPTMG BKAKBUU/SOC CMKttS TO/FROM KOK. YOKOHAMA. NAGOYA. MM, TOKYO*. MAMA*. DAVAO*. Pwanf* P. KtUn{ Seaport E'Msia* KARABEYERETT *1* 20/21 Oct KAMALEYERETT Y23E 15/16 Not SHAPLAEYERETT Y23E 23/24 Not acarms bkakbulx fci soc camks to/fmm chttagong, caicutta AM)
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      Page 45 Advertisements Column 2
      214 45 Ife SLIMY NAVIGATION GROUP to I^*3 REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN SINGAPORE TO KOMPONG SOM •AT ATTRACTIVE RATES* CR NO: **********0W KAO SIN PKG PNG GLORY SELATAN X 4/10 5/10 7/10 GLORY SELATAN VI 6/10 13/10 14/10 SP KOMPONG SOM GLORY SELATAN V 8/10 11/10 SINGAPORE ASEAN TO
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      Page 45 Advertisements Column 3
      554 45 jhC PAKISTAN NATIONAL f SHIPPING CORPORATION KARACHI BREAKBULK CONTAINER SERVICE I *0T SW KAAACH I| v SARGOOHA 147-HW 14/10 ?*/"> I| v MAMAN ISI-MW mlO 3/11 I L BO.AW 142-WW TJU 27/11 I I ISLAMABAD 12S-HW U/II 2«/ll I FAR EAST CONTAB4ER SERVICE ONLY I, vcssei WW 1» |«6 |bsr
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      Page 45 Advertisements Column 4
      641 45 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO SOUTH AFRICA VOYAGt sm DON JNB» HRC* PLZ <*Y» OCW* MPMHUHC/loa 00/10 22/10 27/10 00/11 23/10 26/10 04/1100/11 Y1 HE/102 23/10 OS/11 Oe/U 10/11 00/11 00/11 13/11 10/11 SHUN HE/107 00/11 10/11 23/11 01/12 20/11 23/11 30/11 02/12 TAO Hi/OO 20/11 03/12 00/12 IS/12
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      Page 45 Advertisements Column 5
      304 45 Si FAR EAST 11/10 KEELUNG/KAOHSIUNG 9/10 BANGKOK I 11/10 MANILA/CEBU 9/10 JAKARTA/BELAWAN/SURABAYA 10/10 PORT KELANG/PENANG/E. MALAYSIA j 9/10 BUSAN 9/10 TOKYO/YOKO/KOBE/NGO/OSA 5 8/10 HONG KONG S!N CHINA 8/10 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCI cargo SjN EUROPE/UK 3 10/10 LDN/FLX/LVP/SOU J 10/10 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCff also accepting cargo to Austria/ Hungary
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      Page 46 Advertisements Column 1
      986 46 mil IB let 9tmmmmmmmtmmmmmmmmmmmsttmmmmmwfyffyyi nut mrr fin mil r is*—Oa»*sis6aai—saißSßii6—a6aa»aa*a6—«s6a*BS***as6<*as*fr—«Ba*—*— FIXED jgr L WEEKLY < saiungs^^^^^H^^ MELBOURNEJp GP SHIPPING PTE LTD I 1 Call: Kenny/Mas/Peter 1"i M -""i-tvhr-'-TI- WW I Calling: I FAR EAST, INDIA. AUSTRALIA, NEW ZEALAND, I EUROPE, MIDDLE EAST, U.SA. OB CMT Liner Expos Agencies Pte Ltd
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      Page 46 Advertisements Column 2
      402 46 y Conform CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 17 OCTOBER (Accepting to aM N*w ZMtond port«) PENANG J OCT JAKARTA J OCT PORT KLAN6 13 OCT BANGKOK 9 OCT MELBOURNE 9 OCT SYDNEY 9 OCT BRISBANE 9 OCT FREMANTLE O OCT ADELAIDE 21 OCT R OCT 'ACCEPTING TO ALL SCANOMAVM
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      Page 46 Advertisements Column 3
      916 46 CONSOLIDATION TO BUSAN ran* Singapore J FIRST FORWARDER IN OFFERING TWICE WEEKLY LCL SERVICE TO BUSAN Hh Call SAN ISA at DID: 770 5014 llfl for bookings NOW!!! CSll Tel: Fax: MTERNATIONAL SEA FREIGHT Singapore 778 6522 *****38/*****36 FORWAMMNG mil Also has offices in:- ««> LOGBTKS SOVKES XJKIr MALAYSIA THAILAND
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      1400 47 ISEAMA^RGENTIWUJNE^Kn CONTAINERISED "HUB" SERVICE 4 DIRECT TO ARGENTINA/BRAZIL URUGUAY V I BtRGn NACUER 00 3E 0 7 10 08 11 10 11 FD AM CISC A SCMULTE 005 C 30/10 OS/12 07/12 13/12 I 14/12 lt/12 I 13/01 ALEXANDER SCMULTE 005E 22/11 28/12 30/12 05/01 I 06/01 I 11/01 I
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      Page 47 Advertisements Column 2
      457 47 CEYLON SHIPPING CORPH rcSSn Notional Line of Sri Lanka containerised service to lk and NORTH CONTINENTAL PORTS mmm wr HMS U» 1 1 m W |f w»l (MM 11/ M IVl* 82/11 81/11 15/11 M/ll M/ll mmm» ww »/u n/u gi ikxpo* Mm »/u m/u ivn n/n u/n Mii K
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      Page 47 Advertisements Column 3
      556 47 LINE; SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.52 I VESSEL PAVLOGRAD ETROOVORET DEKABRIST PRIOZERSK N.KRUPSKAYA PRORORSK PORTS EBI6 MIT EBIB EBIS EB2O EB2I BUENOS AIRES* Sailed Sailed 15-20/00 05-17/00 12 15/10 10-21/10 MONTEVIDEO Sailed SaMed 2122/09 10-17/10 i RIO OR AN DO SU SaMed 19 20 10 DURBAN 21/008 05-07/10 30/098 SINGAPORE"
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      732 48 j£E= SAMUDERA INDONESIA (S) PTC LTD I 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE 0106 Tel: *****81-3 FAX: *****36 (3 HUNTING LINES) TLX: R*****0 I BOOKINGS CALL DIRECT LINE: *****41/*****43 JESSICA/CELIA lUIIJ:kIiWBffiWWBBI 7 SLGS/WEEK 3 SLGS/WEEK j VESSEL VOY BIW JAK VESSEL VOY SIN 81IR ~1 PELOPOR 1153 08/10 (SAT)
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      Page 48 Advertisements Column 2
      263 48 AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundl. Islamqala (Doqharun) C.1.5./RUSSIA: Voatocfcny, Vladivostok, Moscow, Baku, Tashkont, Irkutsk, Alma Ala, Aahgabad, Oushantoo, Ki«v N Kofoa: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE VESSEL SIN DKR Ned America V.2354 11/10 14/11 Cgm Korrigan V.2364 19/10 16/11 Cgm Normandle V.2374 25/10 25/11
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      Page 48 Advertisements Column 3
      416 48 fe (A WHOLLY-OWED SttSMAIY Of Mi) 9 MAM LINE: 222 0255 AIRFREIGHT: 545 4255 WEEKLY LCL CONSOUDATION INDIAN SUB CONTINENT ETP ETP USA/EUROPE/AUST/NZ ETP ETP COLOMBO 10/10 ***** USA (AU. INLAND POMT) »/10 I 16/10 CHITTAQOWG 11/10 17/10 EUROPE (AU BASE PORTS) 10/10 17/10 CALCUTTA 13/10 19/10 NEW ZEALAND (ALL
      416 words
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      Page 49 Advertisements Column 1
      604 49 ▲HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG; *****61 m pke* I pot I vtssas voy sm I htm I mi* I let I ham mt fei "I 72/10 14/10 15/10 H. CHALLENGER 312* 17/10 04/11 06/11 05/11 06/11 06/11 OS/11 19/10 21/10 22/10 H. PIONEER 311* 24/10 11/11
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      Page 49 Advertisements Column 2
      339 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO A HEAVY LIFTS IHBOUHO VESSELS VESSEL DOT SP ft KUC H MM XT BAM UELAH 21 11/ It COSMC LEASER 47 VU U/U TRANS MTO 79 11/ M KEBMUN 33 U/ll 11/11 11/11 IC/M ORANGE MOON 54 11/11 U/llfflN) IVI*(RH) OUTBOUND VESSELS SP
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      Page 49 Advertisements Column 3
      574 49 JEDDAH/UK/CONTNENTT ISTORE ID STON IfBMG ITMM LEH •M* Act** Cm hr HTANO 27/331 VII 17/1B 28/1B 21/11 31/11 2/11 t I H M KWMM BMMjM MM KAMMURA 34/144 12/11 21/11 1/11 VII RMMrMi :M M AM—p. Imtm+m. o+. MMM ELK 24/344 IS/II 24/11 2/11 VU 7/11 1/11 Tiißimlii :M MM
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  • Page 49 Miscellaneous
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      Page 49 Miscellaneous Column 1
      294 49 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 o*oo 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 3.0 3.0 2.6 2.0 1.3 0.9 0.6 0.6 OS 1.4 2.2 3.0 3.2 3.0 2.7 2.0 1.3 0.7 0.3 0.2
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      Page 50 Advertisements Column 1
      87 50 I H I INVESTMENT I A well established ship chartering company based in Singapore Is seeking a qualified individual to supervise its port operations Applicants should be sincere with the practical experience of directing the daily port operations of a small fleet of vessels, including cargo handling and ship planning
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      Page 50 Advertisements Column 2
      7 50 J INVESTMENT I Tomorrow in Business Times
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