The Business Times, 20 July 1995

Microfilm: NL20009
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times MITA(P) 194/12/94 Thursday July 20 1995 WE KNOW ASIA 85*
    12 words
  • Article
    Lock icon Dow Jones dives 131 points
    116 1 Reuter NEW YORK Wall Street stocks were decimated for the second day in a row, plunging more than 100 points yesterday as technology shares continued to take a beating. It was the biggest one-day loss since 1989 amid concern that a nine-quarter streak of rising
    Reuter  -  116 words
  • Article
    Untitled
    165 1 jlnfc mirfcet htdkBi Wednesday Change STII 2.145.89 -17.88 KLSE Comp 1.061.28 -9.64 Nikkei 16.422.44 -151.91 Hang Seng 9.418.91 -198.07 SET Index 1,379.37 -43.35 Jakarta Comp 504.51 -5.44 Manila Comp 2.862.08 -21.89 Taipei WP1 5.187.79 -229.15 Seoul Comp 950.11 -10.90 Bombay BSE30 ..3.378.83 -1.40 CLSA China B 806.04 +1.96 Aust All
    165 words
  • Article, Illustration
    ABR shares hit $1.22 with staggering turnover of 42.4%
    421 1  -  By William Chia SINGAPORE An amazing 42.4 per cent of the outstanding shares of Sesdaq-listed ABR Holdings were turned over yesterday, leading to talk that the counter may have been cornered by speculators. The heavy turnover in the counter came on
    421 words
  • Article
    Pac Can shareholder Chua Ma Yu sells 19.88% stake to Lien Hoe
    517 1  -  By Ven Sreenivasan SINGAPORE Chua Ma Yu, formerly a partner of Malaysian broker Rashid Hussain, has sold his 19.88 per cent stake in Pacific Can Investment Holdings to Kuala Lum-pur-listed Lien Hoe Corp. Mr Chua, who now runs
    517 words
  • Article
    Dollar slides to 87.27 yen despite Bank of Japan's strong warning
    557 1  -  From Anthony Rowley THE Bank of Japan yesterday issued an unusually strong warning to currency markets not to try and thwart its intention of driving the yen down against the US dollar, but the currency market snubbed the bank
    557 words
  • Article, Illustration
    Lock icon Barings report slammed as a 'whitewash'
    709 1  -  Critics amazed not a single senior Bank of England official blamed Fran Neil Behrmann in LONDON THE REPORT on the Barings collapse by the UK Board of Banking Supervision has been widely criticised by UK politicians, bankers and commentators as a "whitewash" and a
    Reuter  -  709 words
  • Article
    Lock icon Six nations to discuss Penang-Songkhla oil pipeline project
    215 1 Bernama SINGAPORE Businessmen and senior government officials from Malaysia, Thailand, Indonesia, Japan, South Korea and Singapore will meet next month to discuss a proposed oil pipeline and landbridge project linking Penang and Songkhla, Be mama news agency reported yesterday. The Japanese International
    Bernama  -  215 words
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      131 1 BT Online Look as up at http:// www.asiaLcom.siz/btztime* T* 1800-*****77 Fn *****75 «T Nwifrlh Id *****18 Fa *****71 (HH 8 "*****1******4" Quality that lasts RBPS CARAN JACHE GENEVE Since 1924, Caran d'Acbe has been creating luxury writing instruments MB]that transcend time. In our newest collec- Mmi\tion, "Geneve", you will find
      131 words
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      19 1 Law: pg is Golf: Sinking copycat courses Singapore has the best legal system in Asia: Perc poll, Pg 15
      19 words
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      Page 1 Advertisements Column 3
      21 1 Hock Lock Siew: pg n Tokyo rally: another fals\biawt(t Singapore's non-oil domestic exports growth in June slowed to 9.4%, Pg 2
      21 words
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      64 1 m Line: pg is ars about HK's survival f I I lint i immMi Hai "H9L Mp* I tK jji JBk; f E-^— .jJi |E_£__J| Boutique*: Centrepolnt #01-30 Tel: 737 4509 Paragon By Sogo #01-19 Te1:734 9935 Corntra: Metro Paragon Metro Marina Takashimajra S.C. C.K.Tang Also available at Unit PtA
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      27 1 Sb. j| ps^ PP j^S More reports, Pg 5: t S'pore cooperated (illy within the law Coopers confident auditing was done properly What the UK press said
      27 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Household goods lift May retail sales
        281 2  -  By Michelle Low RETAIL SALES picked up in May lifter a dip in April, with the retail sales index notching up a 4.2 per cent increase over April at current prices. The latest figures from the Department of Statistics show May sales rose 7.9
        Source: Dept of Statistics  -  281 words
    • Article
      Cosy Mansion developer should have known guidelines
      305 2  -  Letter to the Editor Joycelyn Koh (Mrs) Board secretary head (Corporate Services) for chief executive officer chief planner Urban Redevelopment Authority I REFER to your article "A less than cosy development" (BT, July 18, 95). Your article stated that "unknown to Mount Rich,
      305 words
    • Article
      Non-oil domestic exports growth in June slowed to 9.4%
      438 2  -  By Chuang Peck Ming GROWTH in non-oil domestic exports eased to 9.4 per cent year-on-year in June, down from 15.3 per cent in May but analysts say the slowdown is no cause for alarm. It does not point to a further
      438 words
    • Article
      Manufacturing output growth hit 7.2% in May
      419 2  -  But figure is less than half the 13.9% growth in the same month last year By Ven Sreenivasan MANUFACTURING output grew 7.2 per cent year on year in May, figures released yester T day by the Economic Development Board show. Although better than
      419 words
    • Article, Illustration
      Lock icon MTI reviewing this year's growth forecast of 7.5-8.5%
      397 2  -  By Jenny Lam THE Ministry of Trade and Industry (MTI) is reviewing its earlier forecast figures which had projected Singapore's economy to grow by 7.5 to 8.5 per cent this year. Trade and Industry Minister Yeo Cheow Tong said that any revised
      Photo by Arthur Lee  -  397 words
    • Article, Illustration
      Tender opens today for Newton Road's new kid en bloc
      311 2  -  By Abdul Hadhi THE Newton Road area, long-known for its hawker centre, may soon have another claim to fame the largest number of en bloc sales of flats. The latest is Newton Mansion a four-storey walk-up development with 28 apartments.
      311 words
    • Article
      Asia-Pacific printer market to expand 23% this yean Dataquest
      376 2  -  By Claire Leow THE Asia-Pacific printer market will grow 23.2 per cent this year to 4.42 million units, said US research firm Dataquest in a report released yesterday. And its forecast for 19% is a further 20 per cent growth to
      376 words
    • Article
      No job cuts in Asia-Pac arm of Lotus after IBM merger
      264 2 THE Asia-Pacific operations of US-based software maker Lotus Development Corp will remain intact, with no job cub expected following the acquisition of Lotus by computer ant IBM last month. Lotus Asia-Pacific vicfcpresident Steve King said ycjfr terday the firm
      264 words
    • Article
      S Korea electronics firms switching to S'pore for parts
      341 4  -  Reports ny Claire Leow SOUTH Korean electronics companies are sourcing more components from Singapore as they seek alternative supplies due to the rising yen, a trade seminar here was told yesterday. For the first five months of this year, domestic exports
      341 words
    • Article
      Three companies confirm supply trend
      298 4 SOUTH Korean electronics manufacturers are stepping up procurement activity here to support rapidly expanding overseas operations and cushion cost increases at home. The local arms of Samsung Electronics, LG Electronics (formerly Lucky Goldstar) and Daewoo all confirm the trend of turning to Singapore in place
      298 words
    • Article
      S'pore withdraws complaint after KL modifies import scheme
      192 4 Singapore-Malaysia petrochem dispute >jS!NGAPORE has officially withdrawn its complaint to the \*Worid Trade Organisation on import licensing "scheme for two petrochemical polypropylene and [polyethylene. The move was Announced yesterday at a meeting of the WTO's Dispute Settlement Body. I Singapore's Ministry of
      192 words
    • Article, Illustration
      Lock icon Inter-Continental plans more Asian hotels
      310 4  -  By Michelle Low THE Inter-Continental group is talking to several Asian parties about joint ventures to manage and develop the hotel chain around Asia. Joint managing director Robert Collier told Business Times yesterday Inter-Conti-nental was close to finalising talks with Hongkong's Dynasty group to convert
      Photo by Arthnr Lee  -  310 words
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      47 words
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      192 words
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      221 4 M 1 'lillLil 11 1 H j|| M With the significant investment thai you've alreadjL made in your IBM AS/400 systems cannot afford any unnecessary r MIMIX ensures this never happens to Q guarantee you need. Our solutions elevate Jh.?_ "'<■ _~J ~s—X^ 7 thS/AOO system to 7 days-a-week. w%
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  • FOCUS
    • Article
      Legal obstacles blocked UK probe
      360 5  -  BHBH6B REPORT Finance Ministry says S'pore cooperated fully within the law By Conrad Raj SINGAPORE The Finance Ministry said yesterday that legal obstacles were the cause of the difficulties faced by UK investigators in obtaining information from Singapore. Responding to reports which suggested that the
      360 words
    • Article
      Coopers confident auditing of Barings was done properly
      280 5  -  From Neil Behrmann In LONDON COOPERS LYBRAND, auditors of Barings, vigorously defended itself against criticism in the Board of Banking Supervision's (BBS) report on the bank's collapse. "The report raises more questions for the management of Barings and for banking supervision than
      280 words
    • Article, Illustration
      Commons hears sorry saga of blunders
      626 5 The concealment of the true nature of dealings in Singapore and the build-up of losses from unauthorised trading began almost as soon as Nick Leeson joined Baring Futures Singapore as general manager and head trader in 1992. By the end of 1993 the cumulative
      626 words
    • Article
      Lock icon Bondholders may sue Bank of England
      215 5 Bloomberg Business News LONDON Bondholders of the former Barings pic said they are considering legal action to recover £100 million (***** million) lost when the British investment bank collapsed in February. The bondholders said they are exploring whether they have legal grounds to sue
      Bloomberg Business News  -  215 words
    • What the British press said...
      • Article
        Daily Telegraph
        52 5 'There will always be cats who seek to catch canaries. But those who leave cage doors open for years on end are also gravely culpable. If Mr Leeson goes to prison while the former board of Barings continues going to Glyndebourne, this sorry saga will leave the bitterest
        52 words
      • Article
        Financial Times
        61 5 The report of the Board of Banking Supervision is woefully soft on the Bank of England, which never made an on-site UK inspection of Barings before the collapse, despite the dramatic build-up of profits and exposures in the Far East. By contrast, the authorities at the Simex exchange
        61 words
      • Article
        The Times
        63 5 Anyone with any knowledge of financial affairs would instantly raise an eyebrow at the idea that supposedly riskless arbitrage (which Mr Leeson claimed to be doing) could produce such enormous returns. The first law of money-making is that low risks are rewarded by low returns. It is astonishing
        63 words
      • Article
        The Independent
        72 5 (The collapse) is an obvious enough result of a casual culture of old-boy networks, coupled with a traditional public sector difficulty in recruiting and retaining staff of the necessary calibre. Barings was, after all, the third big error by the Bank (of England) in recent years, Johnson Matthey
        72 words
      • Article
        Financial Times
        132 5 By the end of 1992 Leeson had built up a hidden cumulative loss of £2m. That figure remained unchanged till the end of October 1993. Losses grew more sharply after that. At the end of 1993 the cumulative loss was £23m. Barings Group profits before tax for the
        132 words
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      219 5 a a At the core of every new Jaguar is a fiery spirit. An engine capable a wrm l\ of delivering unbridled power. Tempered only by a degree of control that delivers a ride as silent and smooth as ice, regardless of the MM It takes a treacherous bend but
      219 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon M'sian govt tells civil service to reduce wage demands
      403 6 AFP KUALA LUMPUR The Malaysian cabinet yesterday told its 800,000-odd civil service workers to submit fresh pay-rise proposals that were more "reasonable" after the government rejected previous demands. Human Resources Minister Lim Ah Lek said the Congress of Unions of Employees
      AFP  -  403 words
    • Article, Illustration
      Lock icon Thai press, market greet cabinet line-up with scepticism
      306 6 AFP BANGKOK Thai newspapers yesterday expressed serious reservations about the new cabinet line-up, saying the ministers lacked qualifications and credibility, as stocks slumped. The Stock Exchange of Thailand (SET) index plunged 37.63 points, or 2.65 per cent, in the first five minutes
      AFP  -  306 words
    • Article
      Lock icon KL's rapid growth may cost it European GSP status
      324 6 Bernama KUALA LUMPUR Malaysia, whose booming economy has been growing by more than 8 per cent a year since 1988, may become ineligible for the European Union's Generalised System of Preferences (GSP). "With its robust economic development, Malaysia may be placed
      Bernama  -  324 words
    • Article
      Lock icon Suharto's daughter slams Indon press
      62 6 AFP JAKARTA President Suharto's eldest daughter criticised Indonesia's press and warned young people not to be provoked by negative media reports on national leaders, a daily reported here yesterday. "Youth should not be carried away by currents that may be wrong," Mrs Siti Hardiyanti Rukmana
      AFP  -  62 words
    • Article
      Lock icon S-E Asia makes 54% of world's VCRs
      85 6 Bernama-Kyodo TOKYO Output of VCRs in South-east Asia in fiscal 1994 topped 50 per cent of worldwide output, reflecting a growing production shift to the region by Japanese makers to overcome the strong yen, a private survey showed yesterday. VCR output in Asean
      Bernama-Kyodo  -  85 words
    • Article
      Lock icon Alatas meets Qian Qichen in Beijing
      56 6 AFP BEIJING Indonesian Foreign Minister Ali Alatas arrived here yesterday for a three-day official visit, which kicked off with round table talks with his Chinese counterpart Qian Qichen. Mr Alatas said in Jakarta on Tuesday that he would use the visit to question China
      AFP  -  56 words
    • Article
      Lock icon Asean to share customs privileges
      69 6 AFP JAKARTA Customs officials from the Association of Southeast Asian Nations (Asean) agreed to shaa customs privileges, aimed at increasing trade within the more than 50 per cent, reports said yesterday. "I am certain that with this agreement, trade among Asean countries would increase above
      AFP  -  69 words
    • Article, Illustration
      Ramos urges Filipinos to forget Maga case
      179 6  -  Fro« Al Labita in MANILA PRESIDENT Fidel Ramos yesterday asked Filipinos to forget the Maga-Contempla-cion case and said that Philip-pine-Singapore relations must now move on. "Let us leave this unfortunate and sad affair behind us," he said in a five-page statement issued at
      179 words
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      148 6 MTMUMTTBIOF TMICOMMMBACT,CM>« WTWBMATTgtOP WUWWe FTILTO Nonce n hereby given purauant to Sacdon 306 of ta Compantoa Ad, Cap 50, tat a Final MaadngoftaMambara of ta abovanamad Company bahaWtfOobatagatan *4,113 52 Stockholm, SMdan, NA dwadan on tha Mat day of Auguat 1906 at 1000 houra tor flw pupoaa of laying baton
      148 words
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      270 6 b^MEi NOTICE NOTICE IS HEREBY GIVEN that, I LAU CHIN TONG of 6, Balmoral Road Singapore 1026, have applied (or a Beer House (Ist class) Licence in respect of M/s Super Food Centre located at 450 Sims Avenue Singapore 1438, and that this application will be considered in Court No.
      270 words
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      362 6 NOTICE NOTICE IS HEREBY GIVEN that, I LEW ENG KIAT of BLock 114, Lengkong Tiga #09-175 Singapore 1441, have applied (or a Retail Beer Shop Licence in respect of M/s Lew Brothers Trading Co Pte Ltd located at Blk 510, Bedok North St 3 #01-15 Singapore 1646, and that this
      362 words
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      207 6 NOTICE N M THAI MILITARY BANK PUBLIC COMPANY LTD I acting through its Cayman Islands Branch H Negotiable Floating Rate United States Dollar H Certificates of Deposit due in January 2000 H In accordance with the provisions of the Negotiable H Floating Rate Certificates of Deposit, notice is hereby given
      207 words
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      214 7 I 11 <1 m [»M»]'i 41JmyIfI Y f I m m I I I T-' C^/WCSB V > f 1 •>" i i •-I /It I I i l I I Information technology companies, wo remain committed to providing tho highest possible standards of professional support and I I solution-oriented
      214 words
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  • CHINA/HONGKONG/TAIWAN
    • Article, Illustration
      Lock icon Taiwan protests against China missile tests; stocks fall 4%
      441 8 Reuter TAIPEI Taiwan yesterday protested strenuously to China over its plans to conduct missile tests near the island while on the stock market, prices plunged 229.13 points or 4.23 per cent despite top-level military appeals for calm. The 4.23 per cent
      Reuter; AFP  -  441 words
    • Article
      Lock icon Beijing on track to meet annual growth, inflation targets this year
      436 8 AFP BEIJING China painted yesterday a glowing picture of its macro-economic achievements in the first half of 1995, predicting the country was on line to meet its annual growth and inflation targets. Gross domestic product grew 10.3 per cent
      AFP  -  436 words
    • Article
      Lock icon Beijing says 47 state firms have gone bust
      347 8 Another 114 loss-making firms expected to follow suit Reuter BEIJING China's timid bid to force state enterprises to make money or close down resulted in 47 loss-making firms declaring bankruptcy since last year with 114 others expected to follow suit, a government
      Reuter  -  347 words
    • Article
      Lock icon China rules out attaining developed status in 50 years
      258 8 UPI BEIJING Foreign Trade Minister Wu Yi ruled out yesterday any possibility of China becoming a developed country for more than 50 years, one of the most contentious issues in its bid for membership in the World Trade Organisation. Despite dizzying
      UPI  -  258 words
    • Article
      Lock icon Record dry stretches in Yellow River
      78 8 Reuter BEIJING A fast-growing population and massive irrigation are mainly to blame for record long dry stretches of China's mighty Yellow River, the Xinhua Daily Telegraph said yesterday. Parts of the river have had no water for a record 114 days this year, with
      Reuter  -  78 words
    • Article
      Lock icon HK says no deal on elected members
      91 8 AFP HONGKONG The Hongkong government reiterated yesterday that it will make no deal that would allow China after 1997 to replace legislators chosen in elections this fall. China has asserted that it will replace the Legislative Council members selected in September's elections, which
      AFP  -  91 words
    • Article
      Lock icon Mayor under anti-graft probe
      81 8 AP HONGKONG The mayor of a Chinese city hailed as an economic model is- being investigated for corruption, Ta Kung Pao, a China-funded daily, said yesterday. Mo Miaorong, mayor of Xiaoshan in Zhejiang province, is the latest official to be caught up in an anti-graft campaign
      AP  -  81 words
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      13 8 MLf* One-stop for printing,™. professionally executed ca1172-1 0-210 or fax enquiries to 29-93-220
      13 words
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      Page 8 Advertisements Column 2
      285 8 THE LUXURY CAR THAT ENVELOPS YOU IN EXCLUSIVE COMFORT WITHOUT SACRIFICING PERFORMANCE. iii 1 J. T|. j A THE NEW RMW 7 SERIES. TAKING THE LEAD. If you set out to create the world's ultimate luxury car, one arm, back and headrests. Or even the superb acoustics of the really
      285 words
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  • ASIA
    • Article
      Lock icon Japan eases rules to allow OTC listing of small hi-tech firms
      402 9 Reuter TOKYO New regulations that were to take effect yesterday would make it easier for small venture firms to list on Japan's over-the-counter market, but analysts say it will be some time before these rules revitalise the market. The
      Reuter  -  402 words
    • Article
      Lock icon Impact of Lankan army's military offensive still unclear
      377 9 AP COLOMBO Sri Lanka's biggest military offensive in eight years killed many Tamil separatists and civilians and increased the army's hold on rebel-held territory. But its overall effect on the nation's 12-year-old ethnic civil war, and on President Chandrika Kumaratunga's government, could
      AP  -  377 words
    • Article, Illustration
      Lock icon Prayers for victims of department store disaster
      49 9 AFP f aayw at P lO Sooß P" «w the victims of the Sampoong department stove collapse with Baddhbt monks and family members of the victims at Chogye Buddhist Temple yesterday. Some 459 DeoSe have been confirmed dead in the disaster. AFP <""■>-*
      AFP  -  49 words
    • Article
      Lock icon Sydney orders smog-producing plants to shut down on high-pollution days
      249 9 UPI SYDNEY In a bid to combat the city's deteriorating air quality, Sydney has ordered smog-producing industrial plants to shut down on days when the city's pollution exceeds health limits, government officials said yesterday. Power plants, steelworks, heavy industries and
      UPI  -  249 words
    • Article
      Lock icon Japanese philanthropist and ex-godfather dies at 96
      224 9 UPI TOKYO Japanese ultranationalist and philanthropist Ryoichi Sasakawa, who was also linked to the underworld, has died of heart failure at the age of 96, his family said yesterday. Once calling himself "the world's wealthiest fascist", Mr Sasakawa was an overriding influence in
      UPI  -  224 words
    • Article
      Lock icon Australia likely to see high external deficit analysts
      200 9 AFP SYDNEY Red ink will continue to flow in Australia's external accounts despite a slight fall in imports in June, analysts warned yesterday. Data released by the Australian Bureau of Statistics said the value of Australia's merchandise imports fell I.S per cent
      AFP  -  200 words
    • ASIA NOTES
      • Article
        Lock icon Japan sets up comfort women fund
        78 9 Reuter TOKYO A Japanese government-backed private fond was inaugurated here yesterday to compensate mostly Asian women who were forced to provide sea to Japanese soldiers before and during World War 11. The Asia Peace National Fund for Women, set up in commemoration of the
        Reuter  -  78 words
      • Article
        Lock icon Indian court calls Rao over debt
        72 9 Reuter NEW DELHI India's Supreme Gout has called Prime travel bills owed to the arinffe investjgaakTbs petition weeks to whether the money owed to tSTStfora Ministry had been paid. Mr Rao ran up a bill of 829 million rupees (SS34S million) during October-November 1993,
        Reuter  -  72 words
      • Article
        Lock icon Protection lor Korean women workers
        61 9 AFP SEOUL Physical appearance, marital status and pregnancy are no longer a handicap for South Korean female jobseeken and employees, at least according to a newly revised jaw, the labour ministry said yesterday. The amended laws on Equal Employment Between Men and Women was passed
        AFP  -  61 words
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      130 9 m:*<Hf m m IMFORT NCE. P Hi he superb acoustics of the fcally experience the indefinable extra that puts the 7 Series in Trent of its few competitors: the sheer exhilaration of the of relaxing spaciousness Performance that lies under its hood. venient design of everything However, that's an entirely
      130 words
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      906 10 The World's j Favourite Beer, where to wine, dine and entertain 1 L WORLD'S y**o€ST 36UJNQ BEER JK i -&L*k Jk {/*/<*/ Karaoke with our DJ on Sundays Mischief A BOULEVARD HOTEL. 200 Orchard Boulevard Singapore 1024 Tot 737 »11 V I 5-IN -1 POOLS IDE BUFFET f njoy a
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      319 10 The Day Yoi Dine At Triple 3. Be Prepared.. To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet at Triple 3, an irresistible spread featuring some S 60 hot and cold dishes, plus tempting desserts. Call us now to make your reservations at 831 6271/2. Lunch:
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Living in the shadow of Gandhi
      625 11  -  Ben Kingsley can't seem to shake off the role he played 13 years ago, despite having been in numerous other films since. Andrea Orr reports Andrea Orr Reuter "▼'HAT more m M could a serim/«/ ous actor ask Wf wr for than to T
      Reuter  -  625 words
    • Article, Illustration
      Lock icon Prostitute Divine Brown pleads not guilty
      338 11 UPI UPI AP UPI THE prostitute arrested during a?Hotiywood liaison with British actor Hagh Grant pleaded innocent on Tuesday to misdemeanour lewd conduct in a public place. Stefla Marie Thompson, 23, who also uses the alias Divine Htown and Estelle Thompson, S ordered back
      UPI; AP  -  338 words
    • Article, Illustration
      Lock icon No talk of taxes as Steffi launches her own fashion line
      492 11  -  But the tennis star admits that the tax probe has hurt her image, reports Larry Thorson Larry Thorson AP FOR Steffi Graf, this was a day to talk about jeans her own casual fashion collection was introduced and no
      AP; Renter  -  492 words
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      136 11 BUTrJakFLY B F E CONTINENTAL CAFE, RBTAURANT AND BAR SCT BUSINESS LUNCH AND DINNER FROM $15.50++ HAPPY HOURS 3PM TO BPM Home-made daily soup Seared Salmon on a bed of Garden Vegetable Tropical fresh fruit with mango ice-cream Salmon Nicotse Salad Duck Breast with Three Colour Pepper Sauce Apple tart
      136 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1191 11 Pettiag Art h It ft Placa: 9mDocumentary by the Arts Council of Gnat Britain, focussing on the role of public art in a modem city. Birmingham as an example, it looks at the importance of consultation between architects plan public buildings, and the artists whose works will be shown in
      1,191 words
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      37 12 NEED A TABLE AT THE BEST INDIAN RESTAURANT IN SHANGHAI? fs* 1 vto^ eIT'S WHO YOU KNOW. 'A i > *\f. HVt v h ?j*ji }p V r J v si IV* ?v- v-j vr jfef. '><* <• i I
      37 words
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  • FOCUS
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      216 13 me* M JM V NO WORKSHOP BILLS FOR 3 YEARS! l. i v 1 I w*_ pHpl Wr r <** 1 jgg&J IPrf'i ft'WiWaW I 1 I il, lr i hPt r CORDOBA 1.6 GLX AT $95,800 INCL COE GST We are so confident of this VW engineered for safety,
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  • Article
    The pricing of power
    509 14 THE gurus of privatisation like to say that governments should not regard privatisation of state enterprises as a panacea nor as a single event. The prerequisites of a successful privatisation, they say, are planning, a clear understanding of objectives, and a knowledge of methods. The gums
    509 words
  • Article
    Lock icon Manila can be manly about it
    324 14 The Straits Times July 19 THE ruling of the independent third-party panel, that the Singapore pathologists' findings on the cause of Filipino maid Delia Maga's death were entirely correct, vindicates the Singapore doctors, the American experts who had concurred with them earlier, and Singapore.
    The Straits Times July 19  -  324 words
  • Article
    Challenge facing Malay writers
    128 14  -  Berita Harian ALMOST a decade ago, Malay writers were lamenting about the lack of recognition for their works. Last Saturday, however, they got more than they expected. The challenge for Malay writers is now to produce works that reflect the cosmopolitan values of their milieu, according
    128 words
  • Article
    Wealth-sharing on track
    154 14  -  Lianhe Zaobao FROM the Mass Rapid Transit Corporation's feasibility study, it is now clear that the north-east MRT line can be built. If the government accepts the recommendations of the MRTC, we can expect the line to be completed earliest by 2002 and latest by 2006. But
    154 words
  • Article
    Bosnia boiling over
    142 14  -  Trud, Russia ONCE AGAIN, tragedy in Bosnia thousands of refugees are moving towards Tuzla from Srebrenica, a Muslim enclave in eastern Bosnia occupied by the Serbs. Last Sunday, the defence ministers of the US, UK and France discussed the situation in eastern Bosnia. They have been silent
    142 words
  • Article
    Lock icon Barings a foreseen circumstance
    173 14 Financial Times July 19 IF ONE THING emerges with clarity from the report of the Board of Banking Supervision into the collapse of Barings, it is that the real issue has very little to do with derivatives. The problem at Barings arose not from the complex
    Financial Times July 19  -  173 words
  • Article
    Which yarn to believe
    115 14  -  Asahi Shimbun IN THE bribery scandal involving the Federation of Japan Yarn Twisters' Associations, the First Petty Bench of the Supreme Court overturned the not-guilty verdict for Fumio Yokote, former Lower House member of the Democratic Socialist Party, and returned the case*to the Tokyo High Court
    115 words
  • Article, Illustration
    ADB sees growth triangles as model for development
    905 14  -  Aid agency sold on benefits from regional teamwork, reports Chuang Peck Ming Chuang Peck Ming Growth triangles the model for economic cooperation in Asia. No, it's not the theme of another scholarly seminar, but it would make an apt slogan for the
    905 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      28 14 Everything I* Just Go! J The BrownigGolf Closing Sale Orchard Road, Singapore 0923 M° n Fri, 11am 11am #02-01, Tan Boon Liat Building Outram Singapore Mon 10am Browning,
      28 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      89 14 OF IT B€iWG ('T'S MV TVPEIORITPP NMSS SUNMRM i PSSWEOA WHANG, NO-holds J >co-TO First ®E5 R£C >' P <*o*-*?cxa> 7Z \C PPsGC. OF My 1 IT VJObO STARTS r PLAI WNOO-veCHPvtJGeDJ S, "?L£. bovc. k (Yrh ,r*&\ !r«yg2;— y lagiiSajg-J LSI iSU OIS t AMOCIATIC NBIIHWW LTO. twim »475
      89 words
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  • THE LAW PAGE
    • Article, Illustration
      S'pore has the best legal system in Asia: Perc poll
      614 15  -  Ven Sreenivasan outlines the conclusions of a survey of expatriate managers conducted by the HK-based research agency Ven Sreenivasan Expatriate managers have ranked Singapore's legal system the best in Asia, while rating China's legal system the most inadequate, according to
      614 words
    • Article, Illustration
      Lock icon Pebble Beach tries to sink copycat courses
      901 15  -  A Texas golf course has copied Pebble Beach right down to the 14th hole. The California course is teed off and wants to sue, writes Daniel Fisher Daniel Fisher Bloomberg Business News NO golfer who knows the difference between a sand wedge and
      Bloomberg Business News  -  901 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      81 15 STOCK CLEARANCE SAIE jf. illWi i- Rosewood Sofa Set (1 set/6 pes) Wooden Carving Bar $2,580 472CT $360 1 1 HH■■ M Wooden Carving Rosewood Rosewood Writing Desk Half-Moon Table Cutlery Cabinet S6O(J $300 468 V $380 4980 $680 .< x mm Rosewood Sideboard "French" Mini Jade Musical Instruments Shs9o
      81 words
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      Page 15 Advertisements Column 2
      26 15 t jfr Wanttfc know 1 ,your A J dreams mean? Can IS Dreamland on 1900-912-0004, f, v. c at 30 cents a minute. -*-Mi k S
      26 words
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      Page 15 Advertisements Column 3
      137 15 ■B* Just 4km from the sun-kissed Surfers Paradise, Centennial Park is an eloquent statement of quality housing at its beat. SB Reminiscent of our very own Tangtin Hill, its grand'Beverty Hills' entrance will sweep you into another world. k ju| 8| Time 6.00pm- B.oopm Q Voti Straits Room 29th Floor,
      137 words
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  • Article
    US officials hopeful on MFN vote
    462 16  -  Bid in Congress to revoke trade status for China expected to be defeated Frta Leon Hadar CLINTON administration officials are expressing optimism that Congress will reject today an attempt to revoke China's most-favoured-nation trade status, as former Secretary of State Henry Kissinger and other
    462 words
  • Article
    Lock icon Outlook encouraging but don't rule out recession: Greenspan
    518 16 Bloomberg Business News, Reuter WASHINGTON Federal Reserve Chairman Alan Greenspan yesterday left the door open to further interest rate reductions, warning that a recent turnaround in the US economy was no guarantee that a recession will be avoided. Bolstering that view, government
    Bloomberg Business News,; Reuter  -  518 words
  • Article
    Lock icon Japanese firms top in sales but lose to US firms in profits
    465 16 AP NEW YORK Japan may be making sales, but the United States is making money. In Fortune Magazine's latest annual look at the 500 largest companies around the globe, Japan is still a revenue leader, though it has
    AP  -  465 words
  • Article, Illustration
    Lock icon Spitting image
    56 16 Reuter MOSCOW A make-up artist adjusting the hair of a puppet of Russian President Boris Yeltsin before a press conference by Russian independent television station NTV on Tuesday. The country's prosecutor-general has announced that he will bring charges against the station's satirical "Koukly" (Puppets) programme, modelled after the
    Reuter  -  56 words
  • Article
    Lock icon Gandhi scion presses for Murdoch's arrest
    253 16 AFP BOMBAY A great grandson of Mahatma Gandhi urged a court here yesterday to arrest Star TV owner Rupert Murdoch in a defamation case against his Hongkong-based satellite television network. Tushar Gandhi called for the extradition of the media tycoon to face trial in
    AFP  -  253 words
  • Article, Illustration
    Hongkong: a survivor come what may
    912 16  -  The Bottom Line PAUL MARRIAGE PAUL MARRIAGE The writer is executive director of Hongkong-based corporate affairs consultancy Forrest International. The views expressed are his own and do not necessarily reflect those of the company HONGKONG has always been-a city of extremes. It is a
    912 words
  • Article
    Lock icon Gingrich calls for new free trade zones
    279 16 Reuter WASHINGTON In a wideranging foreign policy speech, House Speaker Newt Gingrich called for new free trade zones and a revamping of the UN, charging that "brutal barbarians" had forced their will on the world in Bosnia. Addressing the Centre for Strategic and
    Reuter  -  279 words
  • US companies' 2nd-quarter results: mixed fortunes
    • Article
      Lock icon Chrysler's profits down
      101 16 Reuter HIGHLAND PARK, Michigan Chrysler Corp, reeling from high minivan launch costs and a truckload of other woes, reported on Tuesday that its sec-ond-quarter profits plunged 86 per cent to US$l35 million (SslB7 million) from US$956 million a year ago. Detroit's No 3 carmaker blamed the drop
      Reuter  -  101 words
    • Article
      Lock icon Caterpillar: up
      62 16 Reuter PEORIA, Illinois Caterpillar Inc said sales of machinery and engines in the second quarter were US$4.O6 billion, up US$567 million from a year ago, due to a 12 per cent'increase in volume and 4 per cent better price realisation. Profit before tax for machinery and engines of
      Reuter  -  62 words
    • Article
      Lock icon Intel: up
      85 16 AP SAN JOSE, California Intel Corp, benefiting from growing demand for personal computers and its flagship Pentium microprocessors, on Tuesday reported a 36 per cent increase in second-quarter profit. The world's biggest maker of computer chips earned US$B79 million, or 99 US cents a share, for the three
      AP  -  85 words
    • Article
      Lock icon Polaroid: down
      76 16 Bloomberg Business News CAMBRIDGE, Massachusetts Polaroid Corp said second-quarter earnings fell 22 per cent because a change in its sales strategy hurt revenue. The Massachusettsbased maker of film and cameras said its second-quarter net income fell to U5522.9 million, or SO US cents a share, from U5529.2 million,
      Bloomberg Business News  -  76 words
    • Article
      Lock icon Sprint: up
      99 16 Bloomberg Business News NEW YORK Sprint Corp, one of the largest US local telephone companies, posted higher second-quarter profits amid gains in local phone and cellular businesses. Sprint, which is also the No 3 US long-distance company, said its secondquarter earnings rose 12 per cent as higher profits
      Bloomberg Business News  -  99 words
    • Article
      Lock icon Philip Morris : up
      67 16 Philip Morris up Bloomberg Business News NEW YORK The Philip Morris Cos announced strong second-quarter earnings gains on Tuesday, powered by explosive growth in the company's overseas tobacco revenues. Philip Mollis said its net earnings were up 14.4 per cent to US$l.4l billion, or US$l.67 a share, compared to US$l.23
      Bloomberg Business News  -  67 words
    • Article
      Lock icon Ford: down
      39 16 Reuter DETROIT Ford Motor Co reported lower second-quarter earnings, which fell below Wall Street's consensus estimates. Earnings fell 8.1 per cent from a year earlier to US$l.57 billion, or US$l.3O per fully diluted share, down from US$l.44.
      Reuter  -  39 words
    • Article
      Lock icon Johnson & Johnson: up
      102 16 Johnson Johnson: up Reuter NEW YORK Johnson Johnson, the worid's largest manufacturer of healthcare products, said on Tuesday that revenues and profits had surged in the second quarter, but Eli Lilly Co and the Upjohn Co reported mixed results. Pushed by strong sales of new products, worldwide pharmaceutical revenues rose
      Reuter  -  102 words
    • Article
      Lock icon USX: up
      74 16 Bloomberg Business News PITTSBURGH USX Corp said its second-quarter net income rose 76 per cent as its Marathon Oil and US Steel groups surpassed analysts' expectations. Second-quarter net income rose to US$l9O million from US$lO7 million a year earlier. The company, whose US Steel, Marathon Oil and Delhi
      Bloomberg Business News  -  74 words
    • Article
      Lock icon McDonnell Douglas: up
      88 16 Bloomberg Business News ST LOUIS, Missouri McDonnell Douglas Corp said second-quarter net income rose 22 per cent, driven by increased cost-cutting and higher sales in the company's military aircraft segment. Net income rose to US$l69 million, or US$l.4B a share, from US$l3B, or US$l.l7, a year earlier.
      Bloomberg Business News  -  88 words
    • Article
      Lock icon Reebok: down
      83 16 Bloomberg Business News STOUGHTON, Massachusetts Reebok International Ltd said second-quarter profit from operations fell 36 per cent because of a decline in US footwear orders and rising television advertising costs. The world's No 2 athletic shoe company behind Nike Inc said second-quarter profit from operations was U5532.6 million,
      Bloomberg Business News  -  83 words
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  • COMPANIES & MARKETS
    • Article
      SES asks troubled EML for new set of results
      406 17  -  David Mok SINGAPORE Troubled videotape maker Electro Magnetics Ltd has been asked by the Stock Exchange of Singapore to present a new set of financial figures for the year to Dec 31, 1994. It is believed the SES hopes this will
      406 words
    • Article, Illustration
      Lock icon Flextech shares slide on news of stake sale
      440 17  -  By Claire Leow SINGAPORE Shares of Sesdaq-listed Flextech Holdings fell as much as 25 per cent to 65 cents yesterday on news that it was planning to sell its 46 per cent stake in New York-based associate, Future Vision Holdings, for US$l6.2
      Source: Bridge Info  -  440 words
    • Article, Illustration
      Lock icon Sembawang said to be eyeing bid for GRP
      348 17  -  By Rahita Elias SINGAPORE Industrial hose manufacturer GRP, which was recently promoted to the stock exchange's main board, is rumoured to be the target in a takeover bid. And the interested party is said to be marine engineering group Sembawang Corp. Both
      Source: Bridge Info  -  348 words
    • Article
      Why Tokyo rally may be another false dawn
      765 17  -  HOCK LOCK SIEW By Anthony Rowley TOKYO There have been many false dawns as far as the recovery of the Tokyo stockmarket is concerned and it is fair to ask whether the latest rally is likely to prove any less illusory. The
      765 words
    • Article
      Parkway and units sued in US over building contract
      299 17  -  By Abdul Hadhi SINGAPORE Listed property and healthcare group Parkway Holdings and some of its US subsidiaries have been named as defendants in a lawsuit construction giant Kajima International has filed in the United States. Parkway said yesterday it has been
      299 words
    • Article, Illustration
      MARKET MOOD
      52 17 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Barinp. Credit Lyonnais Securities. Daiwa, Fraser. G K Goh. Kay Hian. Morgan Grenfell. Ong Co. Nomura. Phillip. Smith New Court. WI Can and S
      52 words
    • Article, Illustration
      HOT STOCK
      83 17  -  By Shiv Taneja INVESTORS are advised not to jump into Cam Mechatronic at yesterday's closing of 75.5 cents despite the daily RSI suggesting some upside to the stock. Resistance at 80 cents may prove formidable and the electronics counter might head sideways into a period of consolidation before
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    • COMPANIES
      • Article
        China Merchants' dividend
        74 18 SINGAPORE Shareholders of China Merchants Shekou Port Service, the first Chinese company to be listed on the Stock Exchange of Singapore, will receive their dividend during the week starting Aug 7. All registered shareholders will be entitled to a dividend of 1.20 renminbi (550.20) and one bonus
        74 words
      • Article
        OCBC foreign shareholding
        44 18 SINGAPORE Oversea-Chinese Banking Corp announced yesterday that the percentage of foreign shareholdings in its issued share capital, as at June 30, 1995, was 39.21 per cent. It said that the figure included those shares the status of which were being clarified.
        44 words
      • Article
        Powermatic responds to SES quay
        49 18 SINGAPORE Responding to an SES query, computer group Powermatic Data Systems said yesterday that it was not aware of any price-sensitive information that had not been released which was likely to result in a significant change to the price or turnover of its shares.
        49 words
      • Article
        Lock icon HLP expects M$100m pre-tax
        138 18 Bernama KUALA LUMPUR Hong Leong Properties Bhd has forecast a group pre-tax profit of M$ 100.45 million (5557.2 million) for the year ending June 30, 1996, after the issue of its 3.75 per cent redeemable bank guaranteed bonds. Its pre-tax profit forecast for the year ending
        Bernama  -  138 words
      • Article
        Lock icon Bimantara holders sell more stakes
        75 18 Bloomberg Business News JAKARTA The major owners of PT Bimantara Citra, which listed on the Jakarta Stock Exchange yesterday, have sold SO million additional shares of the company in a private placement to undisclosed international investors. The price of the new shares was also not
        Bloomberg Business News  -  75 words
      • Article
        Untitled
        487 18 Maapn' prim Jul 20 Sh Grower China Fd 0i93 0.990 i. Mcndaki Or Fund 1.04 1.07$ awgapere uwt inist us Gr Fund i.w 1.12 s tEsSSJfLi LM UOB Asm! Mgt LM S-porc Prog Fund 0.63 0.67 Unifund I.4S 1.33 S"porc Sec Fund 0.99 1.03 Unibond 1.043 1.07 S"porc I a
        487 words
      • Article
        Lock icon Banks get 5% rise in limit on total loans secured by shares
        476 18 MBT KUALA LUMPUR The limit on bank lending for loans secured by shares and units of unit trusts has been set at IS per cent and 30 per cent of total loans for commercial banks and merchant banks
        MBT  -  476 words
      • Article, Illustration
        Asia-Pac sales lift SGS-Thomson's profit
        445 18  -  Semiconductor companies report healthy results By Claire Leow SINGAPORE Strong AsiaPacific revenue growth boosted SGS-Thomson Microelectronics NV's half-year results for the period ended July 1, the French-Italian semiconductor company announced last night. It released both secondquarter and half-year results. Net profit for the second quarter
        445 words
      • Article
        Lock icon AP Land plans to issue M$200m loan certificates
        252 18 Bernama KUALA LUMPUR Asia Pacific Land Bhd has proposed a term loan through CIMB Securities Sdn Bhd. The loan will be raised through an issue of MS2OO million (SSI 14 million) noqtinal value mortgage Transferable Loan Certificates (TLCs) 1996/2001, together with about
        Bernama  -  252 words
      • Article
        Lock icon Murdoch's banking on a rising Star TV, say analysts
        411 18 Reuter HONGKONG Rupert Murdoch's pan-Asia broadcaster Star TV may be losing money but analysts said the News Corp chief is gambling that Asia's booming economies will turn Star into his most profitable foray yet. On Tuesday, Star said Mr Murdoch had
        Reuter  -  411 words
      • Article
        Lock icon Semen Gresik's takeover plans delayed
        407 18 Company awaits word from Bapepam Reuter JAKARTA Plans by Semen Gresik to become Indonesia's largest cement maker by buying two state-owned firms were delayed yesterday as executives said they were awaiting word from the country's regulatory body. The delay was not due to any major
        Reuter  -  407 words
      • Article
        Lock icon KL remisiers to decide on fee cut after EOGM
        332 18 Bernama KUALA LUMPUR The Remisiers Association of Malaysia (Persama) will decide its next move on the proposed revision of commissions between brokers and remisiers after Persama holds its extraordinary general meeting in about two weeks' time. A source close to Persama
        Bernama  -  332 words
      • Article
        12 banks in $60m S'pore loan deal for L&M Int'l
        167 18 SINGAPORE Three local banks and nine Singapore branches of foreign banks yesterday clinched a deal to extend a $60 million bond guarantee facility and a multi-currency revolving credit to L&M International L&M International is a fully owned subsidiary of LAM
        167 words
      • Article
        Lock icon Microsoft warning spooks Asian computer stocks
        571 18 NYT TOKYO When the company that controls 85 per cent of the world's software market says growth may slow, Asian investors listen. Microsoft Corp is one of the companies that has spearheaded a rally in computer stocks around the world. Then, after the US
        NYT  -  571 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Citicorp's 2nd qtr profit falls 3%, Chemical Banking's jumps 27%
        619 20 NYT NEW YORK Buoyed by trading and its strong business in developing countries, Citicorp said on Tuesday that revenue surged 16 per cent in the second quarter but that profit slipped 3 per cent from a year earlier, when it
        NYT  -  619 words
      • Article
        Lock icon Petronas Gas IPO may give ringgit a temporary fillip
        394 20 Reuter KUALA LUMPUR The Malaysian ringgit is likely to rise on speculation of higher offshore demand as foreign funds prepare for a giant share offering from Petronas Gas Bhd, dealers and analysts said yesterday. But the currency's spurt is likely to
        Reuter  -  394 words
      • Article
        Volume of Asian syndicated loans up 24%
        304 20 SINGAPORE The volume of syndicated loans raised by Asian entities (including those in Australia and New Zealand) in the first half of the year rose 24 per cent to US$36 billion (Ssso billion), compared with US$29 billion in the same period last year.
        304 words
      • SMALL CHANGE
        • Article
          Lock icon HK's MTRC arranges HK$5b loan
          69 20 Bloomberg Business News HONGKONG The Mass Transit Railway Corp (MTRC) announced that it would borrow up to HK$5 billion (Ss9oo million) through a group of six banks. The decision comes about two weeks after Britain and China agreed on the financing arrangement for Hongkong's new
          Bloomberg Business News  -  69 words
        • Article
          Lock icon Housing loan firms urged to close
          76 20 Reuter TOKYO Most managers of regional banks believe Japan's ailing housing loan firms should be liquidated soon, said Regional Banks Association of Japan chairman Takashi Tarn aki. Mr Tamaki, who is also president of Chiba Bank Ltd, said most members of the association fed
          Reuter  -  76 words
        • Article
          Lock icon Ucom seeks to raise 5b baht
          71 20 Bloomberg Business News BANGKOK United Communication Industry pic (Ucom), owner of Thailand's second-largest cellular phone network, plans to raise about 5 billion baht (Ss2Bo million) by selling equity-linked bonds, its president said. The money will mainly be used to fund expansion of the company's
          Bloomberg Business News  -  71 words
        • Article
          Lock icon Irish bank notes cause confusion
          84 20 Reuter DUBLIN Ireland's Central Bank owned up on Tuesday to printing a batch of £5 notes which many people thought were forgeries. A spokesman for the bank said the confusion was caused by the lowering on the note of a "tactile mark" used so that
          Reuter  -  84 words
      • Article
        Lock icon Merrill and Schwab see higher 2Q profit
        228 20 Bloomberg Business News NEW YORK Merrill Lynch Co and Charles Schwab Corp, bolstered by higher commission revenue and rallies in the stock and bond markets, reported higher second-quarter earnings. Merrill, the nation's biggest securities firm, and Schwab, the No 1 discount broker, profited
        Bloomberg Business News  -  228 words
      • Article
        Oil traders briefed on New York-Sydney tie-up
        189 20 SINGAPORE Local oil traders and investors were briefed yesterday on a new electronic trading link between the New York Mercantile Exchange (Nymex) and the Sydney Futures Exchange. Nymex international affairs director Daniel Carr, here with other Nymex and SFE officials to explain the
        189 words
      • Article
        IMM Shanghai raises US$26m loan to finance start-up costs
        144 20 SINGAPORE Wholesaler and distributor IMM Shanghai has raised a US$26 million (5536.4 million) loan. The deal, signed yesterday, is for three years with a threeyear option. Arranger Schrodcrs International Merchant Bankers said yesterday that IMM Shanghai would use the funds to
        144 words
      • Article
        Lock icon Banks watching Dharmala-Bankers Trust case?
        382 20 Reuter LONDON Bankers Trust Internalional's lawsuit against Indonesia's PT Dharmala Sakti Sejahtara (DSS) after a US$64 million (5589.21 million) loss could have repercussions for the derivatives industry, lawyers and banking officials said on Tuesday. The case, which began last week, is the first to be
        Reuter  -  382 words
      • Article
        Crude futures stable after reports on US inventories
        264 20 Btoombmx ENEWgV LONDON Oil futures were little changed on both sides of the Atlantic yesterday, after two reports produced mixed pictures of US inventories and refinery production. The Washington DC-based American Petroleum Institute on Tuesday night said US crude stockpiles fell to
        264 words
      • Article
        Lock icon LONDON
        190 20 Reuter LONDON The dollar was slightly better bid against the mark in late European trading yesterday after spending much of the session probing the downside before a mild bout of short-covering emerged ahead of the close. Comments by Federal Reserve Chairman Alan Greenspan from his HumphreyHawkins testimony had little
        Reuter  -  190 words
      • Article
        Lock icon NEW YORK
        81 20 AFP NEW YORK The dollar was mixed against the major currencies in calm trading yesterday as Federal Reserve chairman Alan Greenspan testified on the "encouraging", prospects for the US economy. By mid-morning, the dollar rose to 1.3885 deutschemarks against 1.3890 marks on Tuesday. Against the yen, the dollar
        AFP  -  81 words
      • Article, Illustration
        Untitled
        1248 20 I rade-weighted index caladmed against S'porr's top 14 trading partners Base year 198 5 US$/S$ forward rates Noon Jul 19 St ■U Offer 1-month 1.3960 1.3975 2-month 1.3932 1.3947 3-month 1.3922 1.3917 6-month 1.3113 I JOS Somar OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As it Sta nM It: Singapore
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    • COMMODITIES & FUTURES
      • Article
        Lock icon Stronger yen boosts Euroyen
        1352 21 Reuter SINGAPORE Simex Euroyen ended higher on the back of the rising yen while Eurodollars dosed lower. Dealers said Euroyen rose as the dollar fell below the 88.00 yen level. "The stronger yen was a factor. But the market also moved up because of renewed speculation
        Reuter  -  1,352 words
      • Article
        Sharp LME fall dampens M'sian tin
        659 21 COMMODITY REPORTS KL Tiw The price of tin on the Kuala Lumpur Tin Market shed another 37 sen yesterday to Finish at M$ 15.60 per kg.' llie fall was prompted by the sharp decline of threemonth tin on the London Metal Exchange (LME). At
        659 words
      • Article
        World coal market set to tighten
        86 21 GENEVA The world coal market will be characterised by a tightening of the supply-demand balance over the next decade and a half, although supplies will still exceed demand, according to a new forecast from the UN's Economic Commission for Europe. The ECE report forecasts
        86 words
      • Article
        Taiwan corn buyers may stay away
        90 21 TAIPEI Soaring international prices caused by hot weather in the US and a local over-supply are likely to keep Taiwan buying groups out of the international corn market for the near future, local traders said yesterday. Responding to reports of a current local backlog
        90 words
      • Article
        China's tungsten production to stop
        96 21 HONGKONG China has called for a halt to domestic production of tungsten ore at 21 major plants in an effort to cut stocks and promote sales, the Xinhua News Agency reported on Tuesday. Shi Shuyu, an official with the China National Production and Marketing Union
        96 words
      • Article
        Global sugar consumption set to rise
        53 21 LONDON German commodities analyst FO Licht has predicted that global raw sugar consumption will rae to 124.8 million tonnes by the turn of the century, up from 1994-95 consumption of around 114.6 million tonnes, but not as significant a rise in off-take as had
        53 words
      • Article
        COMMODITY PRICES
        1408 21 SICOM Futures Ston chatag as at S-Mm) tss 1 Cwfcllt (S cents/kg) Ckae Volume Opea Month High Low Sett (tonnes) I metal Aug 95 113.00 1330 Sep 114.30 177.30 179.00 200 1*23 Oct 1*0.00 175.00 176.30 223 2100 Nov 177.00 173.00 I76J0 130 2123 Dec 177.00 173.00 17*50
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    • REGIONAL STOCK MARKETS
      • Article
        Australia
        853 22 •19.0 SHARE PRICES closed 0.9 per cent lower yesterday following a sell-off on Wail Street and weakness on domestic and overseas bond markets. "The weaker US market, but primarily the weaker bond market in the US and here was the initial trigger... for a negative day," said Winston Sammut,
        853 words
      • Article
        Manila
        548 22 -21.89 Shares closed lower yesterday on heavy volume, dragged down by the 50-point fall on Wall Street and concern over lower earnings for some blue chips, brokers said. Phone stock PLDT and other major issues have been sliding on expectations of lower earnings in the second quarter. The Philippine
        548 words
      • Article
        Taipei
        510 22 -229.15 Taiwanese share prices plunged 42 per cent to a 19-month tow yesterday on panic selling triggered by China's plan to con- duct a missile exercise, prompting financial authorities to appeal for calm. As the market tumbled, Finance Minister Lin Chen-kuo called on investors to stay calm and not
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      • Article
        Seoul
        394 22 -10.9 Stocks fell yesterday as investors bid down shares in large manufacturers amid concern that South Korea's economic growth could slow later this year, ending three years of expansion, traders said. Concern about slower growth has made investors "gloomy about the prospects for large manufacturers", said Park Min Woo,
        394 words
      • Article
        New Zealand
        284 22 -21.11 SHARES declined after an overnight plunge in US stocks dragged Telecom Corp shares down, brokers said. Forestry groups Fletcher Challenge Ltd and Carter Holt Harvey Ltd also declined on concern locally and abroad that foresters' earnings may drop as slower global economic activity clips demands for commodities
        284 words
      • Article
        Bombay
        140 22 -1.4 Shares on the Bombay Stock Exchange (BSE) erased most early session losses yesterday and closed at previous levels on mild buying support from foreign investors, brokers said. The 30-share BSE Index closed 1.40 points down at 3,378.83 after touching a low of 3,359.52. The 100-share National Index also
        140 words
    • WORLD STOCK MARKETS
      • Article
        London
        794 22 •15.4 UK stocks tumbled yesterday as banking stocks fell amid declining bonds and as SBC Warburg cut its rating on four leading banks. The FTSE 100 Index closed down 15.4 at 3,405.3 after dropping as much as 27.5 points earlier in the session. That's the index's fifth decline in
        794 words
      • Article
        Paris
        127 22 +2.19 French stocks closed mixed, recovering from early declines, after comments by Federal Reserve Chairman Alan Greenspan rekindled hopes for interest rates cuts. The benchmark CAC Index rose 2.19 points to 1931.18 as declines in luxury goods makers pared gains in Sanofl SA and ThomsonCSF. However, the biggest gainer
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      • Article
        Frankfurt
        176 22 +11.6 German stocks turned higher in late trading yesterday, boosted by the dollar's partial recovery, as gains on cyclical shares outweighed pressure on banks. Cyclical shares, those sensitive to swings in the economy, include chemical, machinery and auto-making shares. The DAX Ibis Index of 30 leading stocks rose 11.60
        176 words
      • Article
        Brussels
        154 22 -6.05 Belgian shares fell yesterday as a weaker dollar hurt shares of companies with large dollar-denominated sales. The market recouped losses in the afternoon, after comments from Federal Reserve chairman Alan Greenspan. The Bel2o Index lost 6.05 points to 1,469.81, its fourth consecutive fall. Fourteen shares were lower, two
        154 words
      • Article
        Zurich
        229 22 -18.9 Swiss stocks fell for a second day yesterday, led by CS Holding, as early weakness in bond prices sapped financial shares. The Swiss Market Index of 21 stocks closed 18.9 points lower, 0.66 per cent, at 2,856.2 after losing 17.2 points on Tuesday. Zurich Insurance posted the largest
        229 words
      • Article
        Johannesburg
        387 22 -13* South African- shares closed lower yesterday after Wall Street losses overnight, but dealers said the stronger gold price and a return of buying interest and higher volume trade in industrials could mark the end of the sideways trend in the market. A dealer said gold shares staged a
        387 words
      • Article
        Milan
        137 22 +10.0 Italian stocks closed mixed yesterday, rebounding from earlier lows, after US Federal Reserve chairman Alan Greenspan left the door open to further interest rate reductions. The all-share Mibtel Index closed up 0.1 per cent or 10 points at 10,009 after falling as low as 9,881 earlier in the
        137 words
      • Article
        Amsterdam
        239 22 •4.36 The Amsterdam EOE Index fell 4.36 points, or 0.95 per cent, to 454.38 yesterday, its biggest drop since March 31 and the biggest decliner among the main European bourses yesterday. Philips Electronics NV and its 75 per cent subsidiary PolyGram NV were among the worst performers. Together, the
        239 words
      • Article
        Toronto
        214 22 Stocks were expected to open mixed yesterday after a sharp sell-ofT on Tuesday. Traders said stronger US and Canadian bonds would give prices momentum on the upside, but some disappointment over recent company earnings reports might put pressure on stocks. Toronto Jwt II CS Aba*. Price 24 4/1 2/1
        214 words
      • Article
        New York
        701 22 -56.0 Wall Street stocks were hammered for the second day in a row yesterday as technology shares continued to take a beating. Just after 1 pm EDT, the Dow Jones Industrial Average was off 56.00 points at 4,630.28. The technologyheavy Nasdaq Index plunged 31.22 points to In the
        701 words
      • Article
        Stockholm
        92 22 +1.39 Swedish stocks closed little changed after remarks from US Federal Reserve chairman Alan Greenspan.' The benchmark OMX Index of 30 leading stocks rose 1.39 points, or 0.1 per cent, to 1,347.56, reversing an early drop to 1,332.22. Eleven shares rose, 16 fell and three were unchanged. Stockholm Jal
        92 words
      • Article
        Untitled
        496 22 Vienna Sy? a** ta gyw {J ZZZL jm -j "V12 »IJ MCk u>"" 415 J M 4 HMVZ *2 .4 OMV AO mm? 7 Radn-Hcrakltfi "Sj 7 VA Tectiaofcne |S ,q VolwadAGV 'Si .4 *«"<»« —ZHZTjfij 15 Source: Bank Austria Ak Nasdaq Jai I* USS Adoipk Coon Ibrwiat IT 2/1
        496 words
    • Article, Illustration
      Lock icon HONGKONG
      2500 23 Reuter HONGKONG Shares closed sharply lower yesterday on growing expectations that there would be no further US interest rate cuts in the short term. Investors were also worried about growing tensions between China and Taiwan, dealers said. The Hang Seng Index closed down 198.07 points or 2.06 per cent
      Reuter; Source: Bridge Info  -  2,500 words
    • Article, Illustration
      Lock icon CHINA
      576 23 CLSA THE Hongkong H Index fell 2.1 per cent on turnover of USSII.S3 million yesterday. All counters fell except for Dongfang, Luoyang and Qingling, which ended the session unchanged. Qingling, Shanghai Petro chem and Yizheng accounted for 60 per cent of the turnover. The CLSA Shanghai B Index rose
      CLSA  -  576 words
    • Article, Illustration
      Lock icon TOKYO
      2463 23 Reuter TOKYO Slocks ended bruised for the second day in a row yesterday, falling in sympathy with a battered wall Street. Brokers said the yen's resurgence against the dollar despite intermittent dollar-buying intervention from Japan's central bank drove dealers to cast off long positions. "Sentiment's pretty much determined by
      Reuter; Source: Bridge Info  -  2,463 words
    • Article, Illustration
      Lock icon BANGKOK
      1439 23 AFP BANGKOK Thai share prices plunged 3.1 per cent in moderate trading yesterday on disappointment over the choice of a relatively unknown academic with little experience as the new finance minister. "Foreign institutional investors are clearly dumping their holdings today because of a lack of confidence in the new
      AFP; Source: Bridge Info  -  1,439 words
    • Article, Illustration
      Lock icon JAKARTA
      1144 23 Reuter JAKARTA Shares prices ended lower in moderate trading yesterday following profit-taking, mostly by local players in Bimantara shares, brokers said. The Jakarta Composite Index fdl 5.44 points, or 1.07 per cent, to close at 504.51. "The market was still focused on Bimantara shares and other conglomerate-related shares," one
      Reuter; Source: Bridge Info  -  1,144 words
    • Article
      CLOB INTERNATIONAL
      2201 24 Gr Cr 19M Laat Val On UtfOMi Dk Dk 1M M MC« H%* Lot C j Stft 0*00) Kfcfc Lo> Bays Sda CV P/E Ml MALAYSIAN STOCKS 47i 19* abb soc m -it w m m m 10 12 «oao 127 77.3 AMDS 30c 101 -3 M7 110
      2,201 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares fall on concern over US interest rates
        6630 24 Bloomberg Business News KUALA LUMPUR Stocks declined yesterday on fears that a rebounding US economy will accelerate inflation, preventing the Federal Reserve from lowering interest rates, traders said. The market has been buoyed recently by expectations that lower US interest rates would
        Bloomberg Business News; Source: Bridge Info  -  6,630 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7760 25 IW Lot VW Day LmQmi H> Hi YH M Cap Alt "ok La* Cam Sale flM) H*k La* Barer SeBer Oi M M Prke MOUSTKIAL AND COMMERCIAL 4 3«2 at a Aetna 50c 470 -4 35 474 470 461 474 22.3 It 14 U *47.9 47* «0 430 I j
        7,760 words
      • Article, Illustration
        Lock icon Sesdaq issues gain as blue chips come under pressure
        1790 26  -  By Paol Leo SINGAPORE Second-liners continued to grab the attention of retail investors yesterday, while large capitalised stocks came under selling pressure after Wall Street's overnight tumble. "It's penny stocks day," declared an institutional investor. Underscoring his point was the fact
        Charts by Bridge Info; Source: Bloomberg  -  1,790 words
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      204 17 NEWS VALUE Dollar sides to 87.27 yen despite Baak ef Japan's strong warning (pg I) Forex markets rightly reasoned that it takes two hands to clap, and the US isn't ready to oblige. Pac Can shareholder Chna Ma Yn sels 19.88% stake to lien Hoe (pg 1) Like Pacific Can,
      204 words
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      171 18 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts* offshore banks, and captive insurance companies for qualified
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      411 19 The have a our ancestors can the labour when you you can relate to how They to a for you now you can TAKE You can from our by your (a Scheme or the (a Scheme was more than years ago the Group three other were The the to be
      411 words
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      24 20 For further Information on which newsstands cany Her World. Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 1800-749-2577.
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      88 21 Mine jim&m: awt**) <AMmm 910-0901 mftnm?) 910-0902 ftXBsA*B£U* MtIMMX 910-0903 911-0901(*) 911-0902(*) V3ls± 911-0903 3b mm RMHB&MM9U-0904 912-0901 liKtt 9BH&&I 912-0902 912-0903 f*«*yhr 4ft > mz****) ft# »IW OA«r» Mjgm«: wumw-ntat* 912-0904 m mwsnom OBMX) a*) nr#; 912-0905 mxtztf ms: (<HHNKA) (§mttf) 912-0906 Xtt#: MMXtii) tf«o (-X4-& 912-0907 a«tts; <*m&
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      19 21 As ami wfcea the latest Lomiam/ Rotterdam prices HC Mt inilabk the previous tndiag 4mf% dosiag are carried nstcai.
      19 words
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      187 22 V )j/7 Discover the unique charm and beauty of classic rosewood furniture from M&l&'t1. I ii 1 I Singapore Handicrafts Singapore's leading rosewood specialist. A rosewood %JY7y-s- MJffl '4l*x\ V ■-'•*tmSv m- 1 I I masterpiece with its refined lines and exaa proportions will 1 g J I > add
      187 words
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      142 23 Qlve c-Afeu/ S£ise < EXo QJou/t x3zfai/t J Facing hair problems like balding, thinning hair, damaged hair, dandruff and I I premature grey hair? Don't despair, come to Hay's Formula, we give professional 5 hair treatment with a secret formulation made of 100%, HERBAL EXTRACTS. Hay's Formula provides all natural
      142 words
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      71 24 Mondial. Clearly the choice for fine European jewellery Another dazzling collection from Singapore's premierjeweller: Pure temptations that at our Great Singapore Sale prices you'll only be too glad to give in to. Mondial Nge* Atm CMy t 391 Orchard Road, #01-16 Tower B, NgeeAm City, Singapore 0925- 4 Td 7342(84
      71 words
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      406 25 ADVERTISEMENT tm IMB at •A* Mb I7»c* -40 101 I7W ITS I7N 17*0 47.7 IJ UJU VMM 17* Zl\ Its «Mm Nfe Ml MM I*7 IM 19* IM *j IJ» MMiMiaBBB aai r s 72 145 ,4j i:i; SJ &i 400 ->«r sr 5 2. HI *3 7J.J !KLLI2Sc M
      406 words
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      153 26 H H I H Bjgfc_ Y*|fl mm M if Everyone who prefers the Audi hes different reasons for doing so. But they all agree that it is a technologically superior car. In fact, the Audi A 6 is so advanced, it comes with a three year warranty on spare parts
      153 words
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      30 26 m£an jiilij SwSST. LM I!M LM IW ■SGf MmgJaaaVaa* IjM tJI 1M Ml —14m* 81H11M <M WM tM Pubhahad by Jardina Remmg InnrnationM Socunrm UmMd (IncorporMd in BrilWi Wgwi Wind)
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  • Shipping Times
    • Article
      Lock icon DAILY FREIGHT
      506 27 Knight-Ridder Reuter QUIET conditions in the freight market may prove to be misleading as the relative shortage of modern vessels in some areas may result in higher rates, shipbrokers say. The Baltic Freight Index (BFI) remained unchanged at 4,960, while LCE freight futures lost more of their recent
      Knight-Ridder; Reuter  -  506 words
    • Article
      Lock icon Aussie unions want to target French ships and planes
      216 27 AP SYDNEY French ships and aircraft will be targeted by a New South Wales union in the latest job action again&t the French government's plans to resume nuclear testing in the South Pacific. National Union of Workers state secretary Frank Belan
      AP  -  216 words
    • Article
      Lock icon Germanischer Lloyd inspected ships totalling 21m gt in '94
      296 27 MBT KUALA LUMPUR Classification society Germanischer Lloyd (GL) last year classified a total of 4,472 sea-going ships with a combined 21.3 million gross tonnes (gt) and 995 inland waterway vessels with a total deadweight (dwt) capacity of 3.1 million tonnes. Of
      MBT  -  296 words
    • Article
      MARITIME STOCKS
      320 27 SCS '000 Jul 19 s$ Vol CWT Distribution 1.65 -0.01 19 Chuan Hup Holdings 1.19 -0.01 253 Coaco Investment 2.01 -0.03 350 Ctoco Investment A 1.74 Far East Levingston 7.05 uncfa 284 GB Holdings Ltd 0.77 uncfa 31 Hai Sun Hup Group 0.90 -0.01 356 Hitachi Zosen Sing
      320 words
    • Article, Illustration
      Kuehne & Nagel plans $26m warehouse project in S'pore
      427 27  - Kuehne Nagel plans $26m warehouse project in S'pore By Alec Almazan SINGAPORE Swiss freight forwarder Kuehne A Nagel plans to expand its operations here by adding 16,000 square metres of warehousing space. "We are at the moment investigating the possibility of investing about $26 million in some land which can
      427 words
    • Article
      Lock icon Israel to upgrade Med ports
      72 27 Knight-Ridder TEL AVIV Israel intends spending 3 billion shekels (around Ssl.4 billion) expanding its Mediterranean ports of Ashdot and Haifa, Israeli radio said recently. The expansion was to update inadequate facilities, according to Transport Ministry information. Transport Minister Israel Kessar was quoted by the radio
      Knight-Ridder  -  72 words
    • Article, Illustration
      Lock icon Sailing tall and stately
      288 27 Reuter EDINBURGH A fleet of nearly 100 historic sailing ships from around the world headed out to sea on Tuesday on the first leg of this year's Tall Ships Race after a two-hour delay because of lack of wind. About half a million people gathered to
      Reuter  -  288 words
    • Article
      Lock icon South Pacific shipping line to undergo big cost-cutting
      290 27 AFP SUVA South Pacific shipping ministers have agreed to substantial cost cutting to save the region's beleaguered shipping line from sinking, a regional maritime official said here yesterday. The Pacific Forum Lines (PFL), owned by 11 South Pacific island nations, has been
      AFP  -  290 words
    • Article
      Lock icon Big harbour planned for Danish Straits
      188 27 Knight Ridder COPENHAGEN A major new harbour capable of handling Panama* vessels is to be built in the eastern channel of the Danish Straits which lead into the Baltic Sea. Denmark's financial daily Borsen reported that Undholm Harbour is to be constructed on a
      Knight Ridder  -  188 words
    • Article
      Container trade rises between US and S America
      299 27 NEW YORK The United States and South America saw big rises in the volume of containerised shipments last year. Trade volume with the continent's east coast grew almost 20 per cent in 1994. The US' bigger ports saw a 143 per cent
      299 words
    • Article
      Lock icon Karachi port's tugs break down, causing delays
      181 27 Reuter KARACHI The Karachi Port Trust (KPT) said yesterday there were delays after the port's tugs broke down but denied press reports that ship movements had been suspended. "The ship movement has certainly been delayed but reports suggesting complete sus- pension of movements
      Reuter  -  181 words
    • Article, Illustration
      Lock icon Global shipping giants all at sea
      1001 28  -  Major carriers are dogged by parochialism. Elizabeth Canna reports on the Widget Syndrome Elizabeth Canna American Shipper HE scene: a Hilton I hotel in a continen- tal European capi- tal. The time: 8 am. The agenda: a Unit.ed States-based multinational we will call Widget
      American Shipper  -  1,001 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      311 28 •ANL 3 Able 7 Accord 10 •Ahlen 6 •Ahrenkid 4 •Appenship 4 Astro 10 Austral II Avant 6 BSA Bataraindo 7 Bright Express 6 •CCNI 4 •CMA •COSCO 7 •CSAV 3 Centenary 7 Central Ex II Chahaya 4 •Cho Yang 5 Contipac 10
      311 words
    • Article
      THE SHIPPING GUIDE
      10094 34 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed by the ETA at the destination. The page number refers to the location of the schedule advertisement En En MtlrtHr Vaaaai Vayasa P| ETA ETA Aiwrtlwr Vaaaal Vi|Ui P| A
      10,094 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        612 39 *y Hi M k&nt Papnlna Jaraaf Nrt t <50 5'^ >*" J1 Moms* 20.07/2200 I* «T) Rasafcaaan 1/95 J1 ito«ab 20.07/1200 A. Mm Jaya Ml J1 atoms* 20.07/0515 Ca*r Fortw* 1/95 J7 Moms* 20.07/2300 3> «Hn TKCH 07/95 J13 Mom** 20.07/0600 5} Ohmmi 07/96 J17/18 atoms* 2007/0800
        612 words
      • Article
        CONTAINER SCHEDULES
        1435 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO beard Baafcfcg/Bdaaca Sj* *1 m fmtad Ff U Ft— Aa tade 247B 21/1100 2A 19/1700 20/0659 20/0900 I 20/1200 20/1459 20/1700 Aa Rose 0688 22/1300 IB 19/1500 19/1659 19/1910 2A 19/1700 20/0659 20/0900 28 19/1700 20/0659 20/0900 3 20/0700 20/1159
        1,435 words
      • Article
        COCKETT BUNKER MARKET REPORT
        952 39 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        952 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Four Asian cargo carriers among world's top 10
        463 40  -  *> Alec Almazan SINGAPORE Asian cargo carriers have made it to the Nst of top 10 international cargo airlines, International Air Transport Association (lata) figures showed. Korean Air Cargo, Japan Airlines, Singapore Airlines and Cathay Pacific are among the 10 leading cargo
        463 words
      • Article, Illustration
        Voted van of the year
        83 40 SINGAPORE Mercedes-Benz's new Sprinter van (above) has been roted 'Van of the Yew' by a judging committee of commercial vehicle journalists from 13 European countries. The van obtained 78 out of 91 possible votes. The winning van, UN, is •anew model launched early this year
        83 words
      • Article
        Lock icon Nippon Cargo, Northwest Airlines discussing cargo tie-up
        303 40 Reuter TOKYO Nippon Cargo Airlines Co Ltd and Northwest Airlines Inc are negotiating over a possible joint cargo operation between Japan's Kansai International Airport and Chicago, a Nippon Cargo spokesman said yesterday. "We have been negotiating over the joint operation since September last
        Reuter  -  303 words
      • Article
        Lock icon NY taxi meters rigged: the louder the radio, the higher the fare
        435 40 NYT NEW YORK Thousands of people who rode taxis in New York City in recent months may have noticed that the drivers fiddled a lot with their CB radios. What they didn't notice, police said on Tuesday, was
        NYT  -  435 words
      • Article
        Lock icon FedEx increases KL flights to 5 a week
        136 40 AP KUALA LUMPUR Federal Express Corp, an American cargo company, on Tuesday began serving the Malaysian capital of Kuala Lumpur with a schedule of five freighter flights every week. At the launching of the service, Transport Minister Ling Liong Sik said the
        AP  -  136 words
      • Article
        Lock icon China bans building of skyscrapers near airports
        164 40 Reuter BEIJING China has announced new rules to stop the building of skyscrapers so close to airports that they disrupt flights, force airports to dose and cause crashes, the China Daily newspaper said. The Civil Aviation Administration of China has issued a circular
        Reuter  -  164 words
      • Article
        Lock icon Foreign help sought to build, expand 32 airports
        112 40 AP BEIJING China is seeking foreign investors to help build or expand 32 airports over the next five years, the official Xinhua news agency reported on Tuesday. Businesses from a dozen foreign countries have lined up to bid for contracts to help
        AP  -  112 words
      • Article
        Lock icon US airlines urge reform of foreign aviation policy
        321 40 Reuter WASHINGTON US airlines on Tuesday called for an end to awarding foreign routes based on domestic political purposes, as part of an overall reform the US should make in its international aviation policy. Carol Hallett, president of thd Air Transport Association
        Reuter  -  321 words
      • Article
        Lock icon EC nod for Sabena-Swissair pact
        99 40 Reuter BRUSSELS The European Commission said yesterday it had approved the acquisition by Swissair of a 49.5 per cent in Belgian airline Sabena, which will create the fourth-biggest airline in Europe. It that the plan by the Belgian government to repeal the special social contributions
        Reuter  -  99 words
      • Article
        Lock icon Record 2nd qtr profits for Continental
        95 40 Reuter NEW YORK Continental Airlines Inc said on Tuesday its profits soared to record levels in the second quarter and attributed much of the improvement to the grounding of its unprofitable, no-frills Continental Lite service. The Houston-based carrier reported net income of US$lO2 million
        Reuter  -  95 words
      • Article
        Lock icon Toyota plans Myanmar service outlet
        65 40 AFP TOKYO Japan's biggest vehicle maker, Toyota Motor Com, will set up a service outlet in Myanmar to begin a vehicle repair business there this year, with the aim of future sales growth, a Toyota official said on Tuesday. The company will also raise the
        AFP  -  65 words
      • Article
        Lock icon More Qantas flights to S Africa
        86 40 AP CANBERRA Qantas Airways will increase its flights to South Africa, following the signing of a new air agreement between the Australian and South African governments. Australian Transport Minister Laurie Brereton said on Tuesday that the agreement followed a meeting in Pretoria with his
        AP  -  86 words
      • Article
        Lock icon Call for improved B737 flight recorders
        383 40 NYT NEW YORK Boeing 737s need better black boxes to help investigators determine why they crash, and the Federal Aviation Administration (FAA) is not taking the problem seriously enough, the National Transportation Safety Board said in a letter released on Tuesday. The chairman of
        NYT  -  383 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1365 40 AIRCRAFT ARRIVALS DEPARTURES n» mm it» MbMhM GA886 0060 QMMB 1219 GAS75 1336 9Q44I 1506 QF08I 1930 QF082 2066 SQ228 2068 KL843 0456 KL838 2300 SQ025 0660 SQ026 2366 GA975 1335 KLM7 1460 Mkm SQ347 0666 ***** 2040 SQ288 2046 IMkpM BM2I 1106 SQI82 0915 SQI81 1410 BM22 1210 BK29
        1,365 words
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      792 28 cmmmmum Inmm H m mm vf/m mm rfm mm |w—»' lM|B^i^|MtHii/M|uM|M/w| *H vH > *H tl H wm H'-SSsBrsm™w»*» bbS* nwfiw JSm w^KWl^miMUl>t Wllg.gW» ''V; I aaw hi hm I ivm ism L..MWUWI»» 1 mmwm Im 1u1■!I I— mm Iml m liiml ■Inlim I n I 1 k/m I bm
      792 words
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      Page 28 Advertisements Column 2
      176 28 Lints and services represented by/K&sBbt Members ol the Registry of AccredMed Shipping Agents, Singapore National vQLfj) Shipping Association. w dCTvernsng enc/unes, comacr snipping i imes Tel 740-2u69 PORT SHOTi m The latest In sea, air and land transportation Shipping Times Monday to Friday KEmessDn^ m j^H||||p||p||| IWORLD AJAX MPT 22/07
      176 words
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      806 29 yBHI t »LOCKl.#t>-1t SINGAPORE 0611 IfflS I TLXi WMIIHmOtIFMMIP a HHHIMfIIABIIMHiIIIBBIIIIIH^HB waa vor sura aim ksimbion SHMT WK HV XV PUJI^NBMK (J kehhi i/n mb mb nmmflnnt SHROtt 1/n Mr MB wxamtm MNHI v* fl/tf n/V *a vn v/v m jams/mme wsm y*s %\m nm mmvhum y »Mr MS Hff
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      Page 29 Advertisements Column 2
      1040 29 PiOHC SOUTH WIST HMfSStHMCT) mm wr I aim law uji I o— I qi I am I <a hob I wc I wot I at I SBST* b vMr ag \vZ \\lto S£ 117/5 f !yfi \uZ \"Z *m» KSSSir ~m 1 will iiS I 17*! 55 M \nm nj!!!
      1,040 words
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      Page 29 Advertisements Column 3
      307 29 I HANJIN SHIPPING 1 51& L. £skff Ii?SIhSLUSJ Sns£i iwiTwirßSff s|iSi|iSi|iyS| J BgSg SSEKgIBS ffg aiLLMfILJ wwphww m i»/im*wih* wi bi/n ti/wfr» m? Hfl I iMB gg wwnipw »'i im Iwimp* fo»* lass, alms las Imlmlbel ss a Eater sfeglrol I 1" I wr |m| \mmmmm w |iM|OM|«t|Mr|—|n|i/t T5l S
      307 words
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      899 30 wsa w mm ntM mt uu sum pjbms I m wo sm ok m jEflTlTi If I til "iCT" ~ifi~ "iST mm 41/qi i ivy i tyy i tyy i »yy i iV7 i v> I »i/> I I i i i-i MBT MALAYSIA USTMUm MONBU MMMM VKTNM aa-* sett
      899 words
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      Page 30 Advertisements Column 2
      737 30 I NORASI/T MM vor «M ALO LAI ML VAL HAM EM HOT AWT «L IMA MRMNUM WW 1W Ml Ml tM HM 1M Mi Ml MM Ml TtM M.MOINATM IM Ml Ml Ml Ml MM Ml MM Ml HM HM MM Ml MURINE MWWMMIMI«fMIIMMMIIMI7MMMZtMMM *W MALTA MM MM MM MM
      737 words
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      Page 30 Advertisements Column 3
      479 30 Biwiwwin JAPAM/HOMOKOHa/STWAITS WMUUW WHVICI I LOADING FOR PORT KLANQ/PENANQ <««a Iwrlrrtwi I FBHffl hm I«n SttL rt™ =ss= 2s= :;iS WWMWT am I MM. wwttwiw [at I mm. I FST" wutmbmmm |l |mh I- IMBWB I» I a jut IDM 17 JUL S.»rn iuummm 1» Injut I ajuT "I SMMBYUM
      479 words
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      1001 31 PH STRAITS SHIPPING PTE LTD agm tmd 1t CMoof IM #11-81 Koffol Tmn MnWW M» Tit; *****8S Fox: HBll7 imwnitwt vKMCHwnuta cjwkmi mm mm■.ub.m mm vm um Si£ ccww fIWnNWf MM7EMmm.L*.M R«N Mta| M*o -nwmwmmm.lMlM MN m*m mm rwgwg Imt fgwgwnwi 12a>i tsa* ammnm an Mtn.mmmm.iM.amimm.irnm sfwmHwe mm mm*. im,
      1,001 words
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      Page 31 Advertisements Column 2
      1133 31 Itti R&O Containers 1 'AO Container* (Singapore Agencies) Pte Ltd First Class Connections WORLDWIDE Tet ib 2233. Td«m 345«?&7!p«53j57/222 tsi7 CB N amber *****9 IMMZ vmn. rcrr *M«A ~m iou »*t «ot ham oot omo lcm BSSJESBCnSZSSIBtSnSBBBBBBBBi REQMA MAEFSK 9SOB 17a7 IM7 **>: 07/08 0*"08 IMB jMM- JSJ •O* EL
      1,133 words
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      Page 31 Advertisements Column 3
      352 31 owouw m. Fbi jow m m uc m m to to J wmroMß Mir nv iM7 swim am am mm am ~|m m |mm |mm~|| ■Vff»f "W mm nm mw mm mS~ mm mm mm mm mm muk f mmimsmmm am mm am a-mm mm mm mm $m Imml nm
      352 words
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      Page 32 Advertisements Column 1
      1015 32 MP ROW HM W MM UN LNV MW W HH RON m S6P I E. ROUND RW4M 2*7 114 138 1M 12M 1M i. BEMUSRE-064 2SB MM 278 1/7 2M 21/7 27/7 C. REACH RW-SS4 2S/7 ISB 2«B 22M ISB 238 E. BLOSE RE-SSO 4/7 7/7 S/7 S/7 V 7
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      Page 32 Advertisements Column 2
      484 32 5? out MU am -MM 14M IMI ISM MM mm w mm mm gg an JBB.MIVHOWM,MBI|MM%SMI MJM MS ASH SNMI MTMMVMDMMMMJOACOPTMNBRBCM I MAURITIUa«OUTHtfHCABBIWCE 1 SO? PLOUJ BUMMCM VMM JOHANNESBURG IMI ISM MM am BM DKT&JZMTTN. BMVMOUMM. MJOACCBTMSIBmCSO I aouTHMsisfrsgMCE £5 1? m itS ?tm HS B ~«P HK6 MAN KM
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      Page 32 Advertisements Column 3
      462 32 gHKIBBIIIMAnWCAOCWCCa (8) PTE LTD TEL *****33 (12 UNES) FAX: ***** IS/*****03 TRBi W» ***** HlipUwl CW NO; **********06 ACCEPTING FCL AND CONVENTIONAL Viinl Way RTA Lowflngfer AfatMyWtafs 44W8 28/07 Atoyot 41WB Aiwnn, MIUfIWB arm I9XIENHUNGLINE4 FULLY CONTAINERISED REGULAR LINER SERVICE I ACCEPTING BOTH PCL/LCL ALSO BCWSOC tt—l |tpw» P.Lwto Drtw
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      1961 33 mpdv IMJM Tu I SOUTH ArWCA EAST Mmmoti tmnl yt|iM IW ISitfttf: UOlOOO IDMlltll. »f«rowt: L COSTAR SHIPPING PTE LTD S£'SSM5 W tmoti/oH t~ <v^« M cmmt4m7ii i ff Wa» §17-M iMuHMCIMr CmimMm/; IMfIM iV: 4M9759 4M744 MtZTnw!" &!V 1 22 mma fJTSSI lrrtMf» h»«IIW f,.»...f 4&% 1 Ulf7rtsm PCj*».
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      Page 33 Advertisements Column 2
      520 33 jf FAMOUS CONTAINER LINES 80 ROBINSON ROAD. *22-02 SINGAPORE 0106 y HOT LINE: *****33 (30 UNES) GOTHENBURG/SCAM 24/07 ROTTERDAM 14/07 AARHUS/COPENHAGEN 24/07 HAMBURG/BREMEN 21/07 MARSEILLE/FRANCE 23/07 FEUXSTOWE/UK 24/07 BARCELONA/SPAIN 26/07 LEHAVBE/FRANCE 21/07 GEHOA/nALY 22/07 ANTWERP/BELGIUM 21/07 LOS ANGELES/WC/IPI 21/07 SYDtgY/WELBOURWE 23/07 NEW YORK/EC 21/07 AUCKLAND/WELIJNGTON/NZ 22/07 VANCOUVER 21/07 BRISBANE 23/07
      520 words
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      Page 36 Advertisements Column 1
      1024 36 ■nTTT^mrY'V^PHIWifII i VBMB I w I *r 1 Ivissa. w m *mPIB jvnWL VOY 2m Bffff I 0000 EASY- 0— Thu mpt Sun 29/07 t SUMQA SCHOJA 8101 ~Thu lInH St WOT Hi YAMTWA BHUM M I I j 218 2W7 Ito W>7 BHATWA BHUM 8808 M W>7 T». IW7
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      Page 36 Advertisements Column 2
      746 36 |H 111 11| J K■ > i 7® ANSON ROAD, #21-01. SINGAPORE 0207 CR **********0N POUT KUMQ PEMANQ wwa ww na. vena. wr m m SEA LAUREL 406N 2M7THU 21Q7FH XOURJAYA ***** IM7TUE 21Q7FRI J E**fMooN 093 A 2007 THU 22Q7SAT LHOTSE 5041 22Q7SAT 24Q7M0M XOURTSCGI ***** 21Q7 FW 2307
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      Page 37 Advertisements Column 1
      503 37 Ii BSA a. M MYANMA SBBk FIVE STAR LINE T (Myaamar National Un) Laatflof lor Yanion (Raniooa) > I'pm PU| PBI P.Mg tfroaMTWA riscw nm MTNEM VI33W SM7 ALmiA AOEJfTO: MUSTEAO SHffTMQ AOBICH ST 1R B-W-J4I7M PRL TH B-AM7MIH PC* TH. POO: TH B-17-»imi/4 NIGERIAN NATIONAL SHIPPING LINE SPORE FOR
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      Page 37 Advertisements Column 2
      769 37 ADVANCE CONTAINER UNES (PTE) LTD fl CI I 140 OmO SOMI, #124)0, PIL BuOcang, Slngapor* 0100 L" TEL: *****21, FAX: *****10, TELEX: RS ***** ACLPL CR NO. **********0E Ml __j£ M VMM I tmmm mm. jaa—jm. iff h jin —iw ojv wv mi wv *m w»M*w Mtm tuv WM »/v
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      Page 37 Advertisements Column 3
      608 37 *****—0000Z Iwtu vor uwmm imcuwa twwww wottwm Mm— MLLEOCUBRA UOW 20T7 IMB 17AM IMS MAM MAS VLC DC NORMA MOW 01/ M BW »<« SOWS g/M MUM MLLEDCCAMNA CKW OMM MM 31AM OMM OMt OMM fgGgMggTg low 1M» mam 07AM ostoo whs ivM also acceptmo carqo to all u. k
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      440 38 •'■■■■■■^^■■iMiiifllfilHliHHHHHflilHlliHHHHHiHifiillfllfllßfifililHHl AFGHANISTAN MAM Afghanistan Ltd., Hekwtm, Torghundi, /sMmqaM (Doqfmnm ■W«*ewe C. I. S./RUSSIA: Alma Ata Ashkhabad, Baku, Dushanbe, Iflilw A lArah Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, Novoaobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Mongolia: Utaan Bator N Kor—: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA DELMAS FAR EAST
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      Page 38 Advertisements Column 2
      524 38 I ASIA GENOA/EUROPE I ***** I PEN PKL SIN SSAJUN6S/WSK S! 2f„ 31 I 21/7 22/7 23/7 HK&BKKfIEEftHH G hag«v« holm/Wo 22/7 23/7 24/7 I 25/7 26/7 27/7 HKG/MKftßftHH t. S2 I 28/7 29/7 30/7 HKOEKK/KEE/KHH ZV7 7V7 M/ 7 RECEIYW6TO:' I 21/7 22/7 23/7 SHANGHAI/DALIAN JPW/KOREA/MANHA XIAMEN/BOJING ManilWCabu 26/7
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      Page 38 Advertisements Column 3
      225 38 M/V GLORIA ACE VOY 1 LOADING FOR HAI PHONO ETA SPORE 26 JULY LOADING FOR V. HO CHI MINH HAI PHONG BANGKOK M/V ORANGE SKY VOY 33 ETA SPORE 8-9 AUG M/V COSMIC MASTER VOY 44 ETA SPORE 20-22 AUG r Contact ECL (SPORE) PTE LTD WMUttUMSf? SOUTHERN AFRICA SERVICE
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      132 39 REGIONAL WEATHER 1 H J LEGEND: R Thundantorm Tamporolum c A y Show«r Woothor Wind (fraction with sp««<j in knot* Rain \_J ■I Cloudy Sky Wov h^flht «Mi "fc«H< by arrow* wkkk Ny with Km wM J- n t*<J* f«i* »*«nt» calm or Ight and variafaio wind* W Ont half
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