The Business Times, 10 August 1995

Microfilm: NL20016
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times WE KHOWfigA MITA(P) 194/12/94 Thursday August 10 1995 m?
    11 words
  • 2am LATEST
    • Article
      Lock icon Dow down six points
      71 1 Reuter NEW YORK Stocks were mixed yesterday as the blue chips ignored a surge in technology shares sparked by the initial public offering of Netscape Communications. At 2 pm EDT, the Dow Jones index was off 5.99 points at 4,687.33. In the broader market at 1
      Reuter  -  71 words
  • Article
    MARKET SUMMARY
    166 1 Sttffc market isdiCM Wednesday Change STII closed KLSE Comp closed Nikkei 16,789.33 -49.64 Hang Seng 9,296.70 -7.12 SET Index 1,333.76 +1.96 Jakarta Comp closed Manila Comp 2,868.82 -22.04 Taipei WP1 4,729.37 -187.72 Seoul Comp 924.41 +22.54 Bombay BSE30 ..3,429.56 +37.95 CLSA China B 862.66 -3.95 Aust AU Old
    166 words
  • Article
    Japanese banks step up lending activity in Asia
    650 1  -  From Anthony Rowley in TOKYO AFTER a long period of retrenchment, Japanese banks are returning to the arena of international lending in an effort to offset the impact of falling loan demand in Japan. Their Asian lending activity in Hongkong and Singapore
    650 words
  • Article
    US$30m Aztech plant to open soon in Batam
    329 1  -  By David Mok SINGAPORE Aztech Systems' new factory in Batam, which is understood to have cost in excess of US$3O million (5541.7 million), will open soon. Company president Michael Mun told Business Times: "All the machinery and equipment have already been installed,
    329 words
  • Article
    Lock icon US anti-trust probe won't upset Windows 95 launch
    448 1 Bloomberg Business News WASHINGTON The Justice Department has said it will not complete its long-running anti-trust investigation of Microsoft Corp's Windows 95 operating system in time to act before the program's scheduled Aug 24 debut. The surprise announcement removes immediate concerns that
    Bloomberg Business News  -  448 words
  • Article
    Indonesian corporate earnings growth forecast at 40.5%
    606 1  -  By William Chia SINGAPORE Listed Indonesian companies tracked by The Estimate Directory are expected to achieve an impressive 40.5 per cent increase in earnings this year. This forecast is higher than the more than 30 per cent earnings growth that research houses like
    606 words
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      Page 1 Advertisements Column 1
      159 1 CO-2233 Removal* CO Tuner with DSP Sound Ptsr essor/CO Ojr~f Control* FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore Phone; *****33 Kuala Lumpur: Phone; 757 0233 Ptnang: Phone; 615 985/619 014 Jakarta; Phone; *****9/*****8 BT Online Look us up at http:// www .asia 1 .com.sg/biztimes Nmts CM^MICS S'pore News 2
      159 words
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      Page 1 Advertisements Column 2
      230 1 Bottom Line: Pg 16 US' short-sighted approach to diplomacy Law: Pg is More power to shareholders Hock Lock Siew: Pg 6 Jr Cam Mechatronic's latest gamble jfo v i ew from abroad, Pg 2 'A country where the 'Singapore shows the 'If I have to set up a 7 never
      230 words
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      Page 1 Advertisements Column 3
      24 1 pfh .GOLF I HOUSE Mitt'mcbte ik (jotifji'itg,. H COIf HOUSE MEGA Nge* Ann Gty Centrepowtf GOLF HOUSE Marina Square £c/ *OYAL SPORTING House GROUP
      24 words
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  • 30th NATIONAL DAY CELEBRATIONS
    • Article, Illustration
      Singapore: The view from abroad
      3298 2 TO MARK Singapore's 30th National Day, BT decided to reach out via the Internet to Singaporeans abroad and any others overseas familiar with Singapore. In an AsiaOne/BT Online National Day Special, we asked our online readers to send us their thoughts about Singapore as it
      3,298 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Philippine securities chief gets reprieve
      459 3 Lopez cannot be forced out of her post immediately, says Ramos Reuter MANILA Beleaguered Philippine Securities and Exchange Commission (SEC) chief Rosario Lopez yesterday won a reprieve from demands that she quit when President Fidel Ramos said she could not be forced out immediately. Ms
      Reuter  -  459 words
    • Article
      Lock icon KL cement makers reject first China shipment
      297 3 Reuter KUALA LUMPUR Malaysian cement makers, faced with a shortage in supply, have declared a first batch of imports from China unsuitable for high-rise buildings. David Tan, chairman of the country's Concrete and Cement Manufacturers' Association, said preliminary tests show that the cement
      Reuter  -  297 words
    • Article
      Lock icon Thai move to hire cheap foreign labour attacked
      327 3 AFP BANGKOK Thai industry wants to employ foreigners as low-wage labourers due to a shortage of unskilled Thai workers, but the move has been criticised as an attempt to undercut the labour market. The Board of Trade and the Federation of Thai
      AFP  -  327 words
    • Article
      Lock icon Ramos rejects call to stop rebidding of power plant
      163 3 Bloomberg Business News MANILA Philippine President Fidel Ramos rejected calls by Mitsubishi Corp of Japan and others to halt the rebidding of an estimated USSI.S billion (552.08 billion) power facility. The National Power Corp threw out the original auction in June
      Bloomberg Business News  -  163 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      199 3 FOR SALE Corporate Building fit Bodok Sooth Rood I W^S^—r=ss| r: 30MT too UPHRJL \JT r —\9 HOB \oi HOUSING «jrl, Y\ ESTATE BSPjpUp W SITE > OPERA A south—— JUWOfi \fr\ \_j\fflCOUfGE IDEAL FOR YOUR FACTORY/WAREHOUSING OFFICE NEEDS Comprises a purpose-built single storey detached factory with mezzanine level offices
      199 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon China's inflation, industrial output growth ease
      468 4 Bloomberg Business News SHANGHAI China's economy continued on its path towards a "soft landing" oflower growth and inflation, recording slower industrial output and price increases in July. The State Statistics Bureau said yesterday that China's incremental industrial output the most widely watched measure of
      Bloomberg Business News  -  468 words
    • Article
      Lock icon Taiwan's beleaguered stock market dives to 20-month low
      266 4 Reuter TAIPEI Taiwan's stock market plunged to a 20-month low as reports of Chinese military exercises and the suicide of a finance bills company manager yesterday added pessimism to a bourse already hit by a pair of financial scandals. Share prices plummeted
      Reuter  -  266 words
    • Article
      Lock icon Savings in Chinese banks to hit 3,000b yuan
      293 4 UPI Chinese banks will reach 3,000 billion yuan (SSSO2 billion) by the end of the year and provide a sustainable source of capital for the country's economic growth, an official newspaper said yesterday. Private savings exceeded 2,500 billion yuan by the end
      UPI  -  293 words
    • Article
      Lock icon China's top stock regulator praises Shenzhen
      182 4 Reuter SHANGHAI China s top securities regulator praised the Shenzhen Stock Exchange during a recent visit, newspapers said yesterday, giving another boost to a market that once seemed destined to slide into obscurity. During his Aug 3-8 visit, Zhou Daojiong, the chairman of the
      Reuter  -  182 words
    • Article, Illustration
      Lock icon From ghetto to park
      54 4 AFP HONGKONG Mainland Chinese workers moving large stones at the Kowloon Walled City Park project on Monday. The park is being built on the site of the infamous 15-storey Kowloon Walled City which was demolished last year, evicting 40,000 people. The ghetto housed fugitives, prostitutes, drug
      AFP  -  54 words
    • Article
      Lock icon Rich-poor gap growing in HK
      156 4 AFP HONGKONG The gap between the rich and the poor is growing in Hongkong, tarnishing its image as an affluent society, a survey published yesterday showed. The survey, commissioned by charity group Oxfam Hongkong, showed the gulf between rich and poor in Hongkong was far
      AFP  -  156 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      1741 4 THE BANK OF EAST ASIA, LIMITED ANNOUNCEMENT OF 1995 INTERIM RESULTS INTERIM RESULTS The Directors of The Bank of East Asia, Limited announce that the unaudited results of the Group for the six months ended 30th June, 1995 are as follows: 6 months ended 6 months ended aOKlfitt 30/6/1994 Increase
      1,741 words
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      Page 4 Advertisements Column 2
      112 4 A Must For All Investors! One whole market in one book! I Fill in the reply slip for a free sample report view the book at your local bookstores listed below. Comprehensive ratios already calculated Earnings forecasts rankings Easy comparison company performance Sector Latest audited information No Other Has All
      112 words
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  • ASIA
    • Article
      Lock icon Australia set for longest period of unbroken growth: Treasurer
      300 5 Bloomberg Business News SYDNEY Australian Treasurer Ralph Willis said the nation is set to achieve its longest period of unbroken economic growth and he cannot guarantee that interest rates will stay low. "We have shown our determination to keep rates as
      Bloomberg Business News  -  300 words
    • Article
      Lock icon S Korea restricts foreign borrowing to invest abroad
      185 5 Bloomberg Business News SEOUL South Korea was likely to spend USS2 billion (552.7 billion) this year buying companies and building plants in the United States until the government changed the rules. Worried that companies are borrowing too much from foreign lenders, South
      Bloomberg Business News  -  185 words
    • Article, Illustration
      Lock icon Hard labour
      51 5 Reuter HANOI A Vietnamese labourer cutting steel bolts in a poorly equipped metalwork shop here yesterday. Vietnam, with more than 37 million in its labour force, has a high unemployment rate of 6 per cent in urban areas and 30-35 per cent in rural areas, government statistics show.
      Reuter  -  51 words
    • Article
      Lock icon Bomb attacks hurt Sri Lankan economy
      317 5 Foreign investment slows, confidence in stock market eroded AFP COLOMBO Sri Lanka's economy has become a victim of renewed bombing attacks that have claimed the lives of 26 people in two days and shattered foreign and local investor confidence, analysts and brokers said yesterday.
      AFP  -  317 words
    • Article
      Lock icon Aussie minister seeks cooperation to sell education abroad
      226 5 UPI SYDNEY Australia's Education Minister said yesterday efforts by the country's universities to recruit more overseas students and offer courses offshore may be a boon to export earnings. Minister of Education Simon Crean said Australian schools ranging from secondary institutions to universities
      UPI  -  226 words
    • ASIA NOTES
      • Article
        Lock icon BO J vows G-7 cooperation on dollar
        94 5 AFP TOKYO Bank of Japan governor Yasuo Matsushita said the central bank would continue to cooperate with other Group of Seven (G-7) industrial economies towards strengthening the dollar. Mr Matsushita told a news conference that last week's announcement on boosting offshore investment was
        AFP  -  94 words
      • Article
        Lock icon Tokyo hurries to bail out credit union
        123 5 Bloomberg Business News TOKYO The Bank of Japan and other regulators are hurrying to put the finishing touches on the bail-out of Tokyo's largest thrift institution, Bank of Japan governor Yasuo Matsushita said. On Aug 1, the Tokyo Metropolitan Government froze lending and
        Bloomberg Business News  -  123 words
      • Article
        Lock icon Aussie election next year: deputy PM
        74 5 Reuter CANBERRA Australian Deputy Prime Minister Kim Beazley said yesterday the general election would be held next year. "It will be in the first half of next year," he told Australian Broadcasting Corporation radio. Labor Prime Minister Paul Keating can hold an election at
        Reuter  -  74 words
      • Article
        Lock icon Inquiry into Aborigine separation
        104 5 Reuter SYDNEY Australia launched yesterday a national inquiry into "The Stolen Generation" the tens of thousands of Aborigines forcibly separated from their families under government policy until the mid-*****. Aborigines have called the forced separation policy genocide because it aimed to assimilate Aborigines into Australia's then
        Reuter  -  104 words
      • Article
        Lock icon S Korean car exports up 112.5%
        99 5 AP SEOUL South Korea's car exports shot up by 112.5 per cent to 90,367 cars in July compared to a year ago, the Korea Automobile Manufacturers Association said yesterday. The boom benefited from South Korea's attempts to win new markets and increased price competitiveness
        AP  -  99 words
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  • COMPANIES & MARKETS
    • Article
      China takes a back seat to M'sia in PSC expansion plans
      445 6  -  By Teh Hooi Ling SINGAPORE Provisions Suppliers Corp said yesterday it planned to focus its expansion efforts on Malaysia rather than China. Executive chairman Tan Ling San said PSC would concentrate on real estate development, leisure and manufacturing sectors
      445 words
    • Article
      Is Cam Mechatronic's plunge into gaming industry a risk worth taking?
      795 6  -  HOCK LOCK SIEW By David Mok SINGAPORE Some would say that in one fell swoop, component manufacturer Cam Mechatronic turned itself into Singapore's first listed gaming operator. As one analyst put it, the company appeared to have gone "lock,
      795 words
    • Article
      Thai Airways says rising yen does not hurt bottomline
      355 6  -  Airline contradicts itself over foreign exchange losses From Loh Hui Yin in BANGKOK IN an apparent effort to control damage on its already dented image. Thai Airways yesterday said the revenue it received from its Japanese operations would offset any losses
      355 words
    • Article
      Indon pulp giant Q2 earnings increase 15 times
      237 6 SINGAPORE Indonesian pulp giant Asia Pacific Resources International Holdings Ltd (AP Resources) has posted sharply higher second quarter group net earnings. The company, which is listed on the New York Stock Exchange, said yesterday that earnings jumped more than 15 times to
      237 words
    • COMPANIES
      • Article
        Cathay exceeds expectations as interim earnings soar 22%
        428 7  -  From Quik Hiang Whai in HONGKONG CATHAY Pacific surprised even the most optimistic of analysts yesterday when it reported an impressive 22.4 per cent jump in interim group net earnings to HKS9B3 million (*****.6 million). ,And the company expects to do even
        428 words
      • Article
        Siam Cement plans 20b baht steel sector expansion
        393 7  -  From Alan Boyd in BANGKOK SIAM CEMENT Co has embarked on a 20 billion baht (SS 1.1 billion) steel industry expansion plan to make it an integrated supplier within five years. Wirash Krittaphol, managing director of the group's steel holding company, said
        393 words
      • Article
        Stronger peso takes toll on PLDT's interim profit
        307 7  -  From Al Labita ti MANILA THE Phffipoine peso's rise against the* uS dollar* has hif the Philippine Long Distance Telephone's interim earnings. The company's earnings rose just 3.1 per cent to 2.53 billion pesos (SS 141 million) in the first half of
        307 words
      • Article, Illustration
        Lock icon Shun Tak's first-half net profit down 22.4%
        186 7 Bloomberg Business News HONGKONG Net profit fell 22.4 per cent at gambling tycoon Stanley Ho's Shun Tak Holdings Ltd to HKS2SB.6 million (5J46.72 million) in the first half of the year, as sluggish sales and rising fuel prices cut margins. Earning? pCT share
        Bloomberg Business News  -  186 words
      • Article
        Stanchart profit up 35%, spurred by Asia sector
        284 7  -  From Neil Behrmann in LONDON FIRST-half earnings at Standard Chartered Bank pic were boosted by expanding Asian credit card business and higher mortgage lending in Hongkong, Singapore and Malaysia. Pre-tax profit for the six months ended June 30 surged 35 per cent
        284 words
      • Article
        HK bourse chief backs CEO in internal row
        187 7 HONGKONG Edgar Cheng, the chairman of the Stock Exchange of Hongkong, has voiced his public support for Paul Chow, the exchange's chief executive officer, after the public airing of a dispute between two of the regulator's top executives, Eastern Express said yesterday.
        187 words
      • Article
        Lock icon Ayala Land's profit up 45% in first half
        149 7 Bloomberg Business News MANILA Ayala Land Inc, the Philippines' largest realestate developer, yesterday said net income surged 45 per cent in the first half as its projects enjoyed brisk sales in a two-year-old property boom. Ayala Land's net profit rose to 1.67
        Bloomberg Business News  -  149 words
      • Article
        Lock icon BP's second quarter profit jumps 55%
        77 7 Reuter LONDON British Petroleum Co pic reported a 55 per cent surge in second-quarter earnings on Tuesday and surprised markets with a sharp rise in dividend, but warned that oil refining margins look likely to remain weak. Second-quarter net income before exceptional items rose
        Reuter  -  77 words
      • Article
        Lock icon China bus firm sells shares to Isuzu
        69 7 AFP SHANGHAI Beijing Tour Bus Co Ltd, a listed coach manufacturer, has sold 25 per cent of its shares to Japan's Isuzu Motors Ltd and trading house C Itoh and Co Ltd. News reports said yesterday that the company signed an agreement on
        AFP  -  69 words
      • Article
        Lock icon Hopewell shares plummet again
        76 7 Bloomberg Business News HONGKONG Shares of construction and property company Hopewell Holdings Ltd fell as much as 12.7 per cent in under two days, tumbling 5.1 per cent yesterday morning on news that Peregrine Brokerage Ltd had downgraded the company's expected earnings by 19 per cent
        Bloomberg Business News  -  76 words
      • Article
        Lock icon Thai cable TV operator upbeat
        63 7 Reuter BANGKOK Thai cable television operator International Broadcasting Corp pic yesterday said its new partners will help strengthen existing business and aid future expansion. "We will closely cooperate to strengthen IBCs existing and future business as well as each partner's business in the future," said
        Reuter  -  63 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Moody's: Hongkong banking sector on downward curve
        493 8 Reuter HONGKONG The territory's banking sector is headed for a dip in earnings and the Hongkong dollar is becoming increasingly vulnerable to ex-change-rate speculation, Moody's Investors Service said yesterday. "The cycle of Hongkong's banking has obviously peaked and has started its journey down,"
        Reuter  -  493 words
      • Article
        Lock icon China to ban unauthorised repurchase paper trading
        282 8 Reuter SHANGHAI China will bar exchanges and credit centres from trading securities repurchase paper without central government approval, according to new rules published in official newspapers. Financial organisations are forbidden to take part in unauthorised repurchase trading, according to the new rules jointly
        Reuter  -  282 words
      • Article
        HK unveils Exchange Fund balance on interim basis for first time
        281 8  -  From Quak Hiang Whai in HONGKONG HONGKONG has, for the first time, disclosed the size of its Exchange Fund on an interim basis as part of an effort towards greater openness and transparency of its affairs. Financial Secretary Hamish
        281 words
      • Article
        Lock icon Foreigners interested in Iran projects
        318 8 Reuter ABU DHABI An Iranian oil industry source said yesterday that about 100 European and Asian firms have shown interest in 10 oil development projects in Iran despite a US economic embargo. "There have been 100 applicants and we are satisfied and expect the number
        Reuter  -  318 words
      • Article
        Lock icon LONDON
        212 8 Reuter LONDON The dollar was easier as dealers waited to see whether the Bundesbank will match market expectations by lowering the repo rate. For a week now, the market has been expecting the German central bank to steer the repo rate lower for the first time in nine weeks.
        Reuter  -  212 words
      • Article
        Lock icon NEW YORK
        96 8 AFP NEW YORK The dollar held steady against major currencies early yesterday in slack trading which did not respond to the Bundesbank's lowering of the repo rate by 0.05 of a point to 4.45 per cent. At 1400 GMT, the greenback was trading at 1.4075 German marks from
        AFP  -  96 words
      • Article, Illustration
        Untitled
        1274 8 Irak-weighted index mkidaled again\t S'pore's top 14 trading partners Ba* )nr /<M.< US$/S$ forward rates Noon Aug 8 s$ BM Offcr 1-month I 3959 1 )974 2-nwMh 1.3935 ***** J-month ***** 1 )923 6-month 1X37 I M57 Saunr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9aa m Aaf
        1,274 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, Eurodollars end flat in thin trade
        1211 9 Reuter SINGAPORE Simex Euroyen and Eurodollar futures ended barely changed in light trade. Euroyen activity was muted with Tokyo drifting in the summer holiday season and Singapore's forex market closed for a public holiday. March Euroyen closed at 99.23 against a previous settlement
        Reuter  -  1,211 words
      • Article
        Tokyo rubber firms on yen's slide
        318 9 COMMODITY REPORTS Rubber TOKYO Rubber futures closed firmer on short-covering triggered by the yen's weaker tendency against the dollar. Prices ranged from 0.8 to 2.5 yen per kg higher. Benchmark January finished 2.3 yen up at 118.3. Sentiment was firm with short-covering in nearby
        318 words
      • Article
        Padaeng completes zinc ore plant
        101 9 BANGKOK Thailand's Padaeng Industry has completed a plant that will process zinc sulfide ore into zinc calcine, which then can be refined into high-grade zinc metal, said the firm. The plant, south-east of Bangkok's Rayong province, has a production capacity of 138,000 tonnes per year
        101 words
      • Article
        Rains stop Queensland sugar harvest
        70 9 SYDNEY Sugar harvesting in Australia's Queensland state has been disrupted by unseasonal rains, which have caused 18 of Queensland's 25 sugar mills to be closed since Monday. May to November is Queensland's dry season and the general falls of 50-100 mm, which fell over much
        70 words
      • Article
        US estimate of coffee output delayed
        52 9 WASHINGTON A USDA world coffee production estimate typically released in June has been "indefinitely delayed", said Edmond Missiaen, specialty crops analyst with USDA's World Agricultural Outlook Board. The Tropical Products: World Markets and Trade report generally includes production estimates for Brazil and Colombia, major
        52 words
      • India's sugar imports
        • Chapter
          Untitled
          12 9 tonnes of sugar was imported by private firms in fiscal 1994-95 (Apr-Mar).
          12 words
      • Article
        ICO members exported less coffee
        85 9 LONDON Coffee exports to all destinations by exporting members of the International Coffee Organisation (ICO) during June totalled 5.6 million bags, down 591,000 bags from exports totalling 6.2 million in June 1994, according to preliminary ICO estimates. June 1995 exports were up from May exports
        85 words
      • Article
        Sumitomo takes over Alaska mine
        91 9 TOKYO Japan's Sumitomo Metal Mining has taken another step towards mine supply autonomy with the purchase of the remaining shares of Stone Boy, a lead, zinc and gold mining project in Alaska. Sumitomo purchased the 43 per cent stake it did not already own from
        91 words
      • Article
        Two win Caspian pipeline contract
        81 9 MOSCOW The board of directors of the Caspian Pipeline Consortium has announced that USbased Willbros and Italy's Saipem are the winners of an international tender for the first stage of the Caspian pipeline project announced early this year, Interfax News Agency reported. Head of the
        81 words
    • Article
      COMMODITY PRICES
      640 9 Crude OH Products Aug 8 Crmfo (fob Mifta) USS/barrel 5.20pm close Change Brent blend (Sep) 16.13/16.20 -o.ovo.os WTI (Sep) 17.61/17.65 -0.16/0.16 Dubai fateh (Sep) 15.45/is.55 +0.10/0.10 Tapis blend (Sep) 17.50/17.60 -o.io/o.io MinaS (Aug) I6.SVI6.6S +0.20/0.20 Pfdnct (fob S'por*) USS/tonne S.20pm close Change Naptha (cif Japan) per MT 164.75/166.00
      640 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1095 10 +3.4 WITH investors pausing in pursuit of resource shares, stocks closed slightly higher yesterday. "It looks like the resources are having a mild pause at the moment. They've had a good strong run so that's not surprising." said a dealer, adding that the market was drifting, awaiting an overseas
        1,095 words
      • Article
        Seoul
        443 10 +22.54 Stocks rose 2.5 per cent with investors taking their cue from the softness of the bond market. The Composite Index rose 22.54 points to 924.41. Turnover was 30 million shares valued at 502 billion won, with rises beating falls by 732 to 113 and 88 remaining unchanged. The
        443 words
      • Article
        Manila
        595 10 •22.04 Share prices fell by 0.8 per cent as blue chips took a beating after the release of disappointing first half figures. The PSE Composite Index fell 22.04 points to 2,868.82. Turnover was to 2.86 billjon shares valued at 2.24 billion pesos. Despite the downturn, the market still reihained
        595 words
      • Article
        Taipei
        504 10 -187.72 Share prices finished 3.8 per cent lower on battered confidence amid a series of unfavourable factors. "Market sentiment was dampened by reports that China was planning a large-scale military landing drill and the suicide of an International Bills Finance Corp manager," said an analyst. The 321-issue Weighted Price
        504 words
      • Article
        New Zealand
        349 10 -5.68 Shares lost their early gains to end lower after the steam went out of the country's two biggest stocks, Telecom and Carter Holt Harvey. The NZSE-40 Capital Index ended 5.68 points down at 2,142.32 after earlier touching 2,159.21. Turnover was NZ$45 million. Most company results issued yesterday
        349 words
      • Article
        Bombay
        66 10 +37.95 Shares finished stronger at the start of a new account in Agroup stocks, brokers said. The BSE 30-share Index rose 37.95 points to end at 3,429.56. The 100-share National Index rose 4.63 to 1,576.43. Brokers said foreign funds were active in shares of consumer electronics firms Philips and
        66 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        873 10 Britannia Funds Sferifc* Caik BM Ofcr Mm Cap DrpotM *****0 *****0 Mm Jenev Gill- ftl»J ftlW Mm Mai Income ***** 0 9600 MM Income PW» Fund *100)00 *10 5900 PS t Reserve Fund 5 MOO 5.5500 Euro Perbnaaact _..0.45M 049Jt Far Eaa Fund *1.7650 ****** Man Portfafao ***** ***** UK
        873 words
      • Article
        London
        664 10 -0.5 UK STOCKS closed mixed for a second day this week as a surge in banks helped counter tumbling paper and packaging stocks. Shares in Rexam slumped as the packaging company warned of a slowdown in sales, heightening concern that profits in some industries will be squeezed as the
        664 words
      • Article
        Paris
        135 10 •10.92 French shares finished with losses in thin volume, as the market followed other European bourse downwards. Concerns over appetite in the US Treasury auction and lack of enthusiasm for the Buba's five-basis-point cut in its repo rate yesterday weighed on bond markets, traders said. The CAC-40 Index closed
        135 words
      • Article
        Milan
        136 10 •29 Italian shares closed lower in listless. The Mibtel Index closed 29 points lower at 10,439. Traders estimated volume at 402 billion lire. Olivetti gained against the market trend in what traders said was a technical rebound. "There is no fundamental explanation for the rebound in Olivetti but after
        136 words
      • Article
        Amsterdam
        202 10 +1.05 Dutch shares continued to trade mixed with the index ending slightly firmer in quiet trade. Dealers said the German repo rate cut failed to inspire much activity, but market undertone remained firm with all eyes on Buba meeting today. The AEX Index gained 1.05 points to 460.71. Amsterdam
        202 words
      • Article
        Stockholm
        134 10 -14.31 Swedish stocks lost ground with little domestic news to mark its course, tracking most overseas share markets lower, but dropped more sharply after falling below a psychological barrier. "There were no external factors fuelling the downturn. When we dropped below 1,330, we received a clear sell signal but
        134 words
      • Article
        Frankfurt
        183 10 •14.61 German stocks closed lower, reflecting growing pessimism that the Bundesbank will not cut interest rates further when its policy-mak-ing council meets today. "A few days ago there was optimism pushing the bourse up, now it's balancing out," said a trader. The DAX Index slid 14.61 points to 2,222.28.
        183 words
      • Article
        Brussels
        206 10 -4.80 Belgian stocks Tell to a six- day low, amid uncertainty i about whether the Bundesbank will lower its key interest rate today. Investors were divided about the chances of a cut in the discount rate. Speculation the rate will be lowered mounted after the Belgian and German central
        206 words
      • Article
        Toronto
        238 10 +6.10 Stocks moved up early, buoyed by surging high-tech stocks, with investors also eyeing the latest rate move by the Bank of Canada. The TSE 300 Composite Index rose 6.10 points to 4,627.80 on volume of 11.35 million shares valued at Csl3B million. Advancing issues outpaced declines 178 to
        238 words
      • Article
        New York
        748 10 •12.68 Stock prices turned narrowly mixed in fairly active trading early yesterday as the market tried to brush off bonds early weakness ahead of the second leg of treasurys record quarterly refunding. The Dow Jones Industrial Average, which ended unchanged on Tuesday, was down 12.68 points to 4,680.64
        748 words
      • Article
        Zurich
        253 10 -16.10 Swiss stocks fell for a fifth day as investors sold Roche Holding and Brown Boveri Corp and bank shares amid concern about earnings. The SMI Index of 21 leading stocks fell 16.10 points at 2,781.30, its lowest level in eight weeks. The broader SPI Index fell 9.51 to
        253 words
    • Article, Illustration
      Lock icon HONGKONG
      2616 11 Bloomberg Business News HONGKONG Stocks were mixed as Shun Tak and HK Aircraft Engineering tumbled amid concern profit growth will slow this year and next. Hopewell lost as much as 5.2 per cent before rebounding. Hopewell fell 13 per cent in two days as investors fretted over some analysts'
      Bloomberg Business News; Source: Bridge Info  -  2,616 words
    • Article, Illustration
      Lock icon CHINA
      617 11 CLSA IN Hongkong, the H share index lost 9.26 points at 1,140.30 on turnover of HKS9.3 million. The biggest losers were Kunming, down 4.9 per cent, Yizheng, which dropped 4 per cent and Luoyang, down 3.8 per cent. In Shanghai, the B Index fell 0.6 per cent against the
      CLSA  -  617 words
    • Article, Illustration
      Lock icon TOKYO
      2506 11 Bloomberg Business News TOKYO'— Stocks were mixed as shipping shares rose on expectations the dollar's gains will boost their earnings, while domestic institutions bid down shares in technology stocks. The Nikkei Average fell 49.64 points to 16,789.33, after rising as high as 16,931.4. The Nikkei 300 Index rose 0.29
      Bloomberg Business News; Source: Bridge Info  -  2,506 words
    • Article, Illustration
      Lock icon BANGKOK
      1538 11 Reuter BANGKOK Stocks drifted in the red in slow trade through most of the day as investors remained bearish on a combination of negative factors, but finished just higher with a late rebound. The SET Index clawed its way back from an intra-day low of 9.49 points down to
      Reuter; Source: Bridge Info  -  1,538 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      188 6 fan Tha Matter Of Tha Computed Act, Cap. 80 And In tha Matter Of ARISING PRINTERS PTE LTD (In Voluntary Liquidetion) NOTICE OF POSTPONEMENT OF FMAL MEETING NOTICE is hereby given that |t. f": I lleaMfin llamhafa in© final MOOung or of the Company scheduled to be held on Thursday,
      188 words
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      Page 6 Advertisements Column 2
      392 6 M THE MATTER OF THE COMPAMES ACT, CAP. 80 AMD (FTILTDI M„ \ni ■fnwi voMiury At ttM Extraordinary General Meeting of the Company duly convened and hatd at 34Cralg Road *02-07 Chinatown Plaza Singaporeo2o6on 2nd August 1008, the following Special Resolution was duly passad. "RESOLVED tost the Company be wound
      392 words
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      Page 6 Advertisements Column 3
      405 6 NOTICE NOTICE IS HEREBY GIVEN that, I YEO CHUAN FATT of 119 Tampines St 11 #04-182 Singapore 1852, have applied for a Ist Class Beer House Licence in respect of M/s Can Zhang Eating House located at Blk 338 Ang Mo Kio Ave 1 #01-1639 Singapore 2066, and that this
      405 words
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      Page 6 Advertisements Column 4
      448 6 Binnmsntm TQLFl'RB^TO^N^l<oWffla«^oSx-W^35S NOTICE NOTICE IS HEREBY GIVEN that, I Can Chee Wing of Blk 104 Spottiswoode Park Rd #10-110 Singapore 0208, have applied for a Beer House, Second Class Licence in respect of M/s Royal Catering Services Pte Ltd located at Sports Pavillion Canteen, Police Academy Singapore 1129, and that
      448 words
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      Page 6 Advertisements Column 5
      344 6 NOTICE NOTICE IS HEREBY GIVEN that, I NG NGAK KENG of Blk 465 Tampines St 44 #12-114, Singapore 1852, have applied for a Beer House, First Class Licence in respect of premises at M/s Tea Lovers Home at 273 South Bridge Road Singapore 0106, and that this application will be
      344 words
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      Page 7 Advertisements Column 1
      162 7 PROVMCE OF NOV A SCOTIA U.S. $500,000,000 Ftoaßng Rate Notes Due 1999 In accordance with the terms and oondßons of the Notes, the interest rate for the period 9th August, 1995 to 9th November, 1995 has been fixed at 6.0625% per annum. The interest payable on 9th November, 1995 wibe
      162 words
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      Page 7 Advertisements Column 2
      13 7 Ilfele-Gamesl Crack The Safe Mrs Wizard's Crystal Ball. Cost: 30 cents a minute
      13 words
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      Page 7 Advertisements Column 3
      434 7 ■I 2 EXCITING EVENTS NOT TO BE MISSED! JH MODERN FINANCIAL °KK L PLANNING AND CHANGE AND ANAIYW DEVELOPMENT mbbbh Role of Managers and Change Strategies for Vbion ***** Globalization Conducted by PraffaMorlanak Ratnatunga, Chair of Business Accounting, Faculty of Businass ft Economics, Monash University (Australia) Advisor for Centre of
      434 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1000 8 VIBSfcBANK Registered Office: 3rd Floor, ABSA Towers Eeet, 170 Main Street Johenneeburg, 2001 Singapore Branch: 8 Robinson Roed, #03-00 Cosco Building, Singapore 0104 AH tlgurm In RM mHtton Balance Sheet Statement of Income as at 31 March 1995 for the year ended 31 March 1995 1905 1004 1996 1994 FUNDS
      1,000 words
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      Page 8 Advertisements Column 2
      24 8 -or further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 1000-749-2577.
      24 words
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      Page 9 Advertisements Column 1
      20 9 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words
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      Page 9 Advertisements Column 2
      30 9 r 3 1 i X I X ■ym|iimtMaMnwiMiMHHiiiiimii Sophisticated, skiioeriig, semtioial. Cool jazz and smooth vocals. With shades of blues. Nightly from 8.45pm, Monday to Saturday. City. Tel: 431 6156
      30 words
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      Page 10 Advertisements Column 1
      30 10 Piaget. True values never change. Putgei Boutique and Service Centre: A? *01-01 Mandarin Shopping Arcade, V, The Mandarin Singapore, tr >| 333 Orchard Road, Singapore 0923Tei JOAILUER EN HORLOGERIE DEPUISIB74 GEbtVE
      30 words
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      Page 11 Advertisements Column 1
      139 11 ADVERTISEMENT 1 Over 30 years erf experience has led Svenson to the Single Hair System Svenson has helped thousands of people counteract hair and scalp problems with their lytfß unique formulations based on research from leading institutions the world over. With years v of technological development the Single Hair System
      139 words
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      595 12 M 11 k L*Ml* IKI 9i I I 'HI il WOAIO'S UkRGf ST BEER HHHIHHHI »4i m iA.aijfaa4i.yafa/ H^lll^^^m^HHlHl^H^^lll^HHlHll^^^^H 6k*\*Jro&& I HAWKERS' FARE At The Boulevard's Cafe Carousel 21 July TOl2 August 95 A feast Congee with Chicken, Fish. Innards or Prawns and other delidous dishes. Plus a sumptuous buffet
      595 words
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      Page 12 Advertisements Column 2
      423 12 WHERE TO WINE, DINE AND ENTERTAIN U Sotir Tit WfMt to k Frill Stirt Our International Buffet at Cafe Plaza is a world of culinary delights. Starting with a bed of the freshest Rock Oysters. Followed by a sumptuous spread of everything from French and Italian, to Japanese, Thai and
      423 words
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      Page 12 Advertisements Column 3
      271 12 rajj 40 Heavenly Mooncakes at Mandarin Singapore From 6th August till 9th September Savour this year's divine creation, the Shandong Mooncake. Traditional favourites like our famous Golden Ingots, snow skin mooncake and 7 stars with white lotus paste are also available. Win lots of valuable prizes in our Grand Lucky
      271 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Half the world in 40 days
      840 13  -  Shahiron Sahari meets a pair of globetrotting Greeks who visited Singapore on their motorbike Shahiron Sahari BY THE TIME you read this, a pair of Greeks should be just two days away from triumphantly entering Sydney to finish their "round half-the-world" journey on a
      Photo by Chris Loh  -  840 words
    • Article, Illustration
      Lock icon Prince Philip makes rum remark about sozzled Scots
      293 13 CHATTERBOX Reuter AP AP NYT BRITAIN'S Prince Philip made a remark which seemed to suggest the people of a Scottish town were drunkards, newspapers said yesterday. "How do you keep the natives off the booze long enough to pass the (driving) test?"
      Reuter; AP; NYT  -  293 words
    • Article
      Lock icon Vietnam's hip youth unbutton dogma collar
      364 13 Reuter "MY NAME is Nguyen Minh Phuong, I am 23, I am Miss Vietnam 1992, I very like being model, but 1 want to be a businesswoman." Marxist ideals just aren't cutting the ice the way they used to in Hanoi. At a series
      Reuter  -  364 words
  • Page 13 Advertisements
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      182 13 b UmrAF r CONTINENTAL CAFE, RRTAWANT AND BAR SET 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 Ntcotse Salad Duck Breast with Three Colour Pepper Sauce Apple tart with
      182 words
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      Page 13 Advertisements Column 2
      131 13 dbujefifiett Come and enjoy as much as you can Foe reservations, r eat and for as little as $14.90 per please call *****28 person. Our spread includes fresh ext 2384/2390 StfwJcfltl I oysters from New Zealand, a large 10% selection of your favourite ASEAN uw, errand dishes, one of the
      131 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1170 13 TV RADIO 1 Putting Art In Its Place, 10pm, Ch 12 Great Britain transforming disused railway lines into bicycle and walking ~,t paths. Art pieces that relate to 4 the scenery and history deco- ~*"^jj^m> r rate these paths, and have be- 3 I S Problem Child, 8.30pm, Ch 5
      1,170 words
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  • Article, Illustration
    For Goodyear, the Eagle has landed in China
    808 14 US tyre firm is all set to roll after reaching agreement on trademark with a Chinese firm THE importance of early trademark registration in China is well illustrated by the experience of American company Goodyear Tire Rubber. Its Eagle label, an internationally
    808 words
  • Article
    Pricing IPOs fairly
    548 14 NOW that initial public offers (IPOs) are beginning to excite investors again with the latest issues like freight forwarder Freight Links' IPO achieving a record 90 times subscription, it is timely to review the subject of IPO pricing. This is because the overwhelming demand for IPO shares
    548 words
  • Article
    Are employers perking up?
    353 14 AFTER FLEXIBLE wages, it is flexible benefits. The scheme seems so imaginative that one wonders why more companies have not followed IBM which introduced it in Singapore in May 1993. Among the handful to do so are the West in Stamford and Plaza hotel group, Western
    353 words
  • Article
    Sense of nationhood
    186 14 AT 30, a person can be considered to be mature. But for a nation, it is argued 30 years is too short a time to build a sense of nationhood. Whether such an argument applies to Singapore is debatable. Many a national leader has tried to point
    186 words
  • Article
    Land Transport Bill
    167 14 PARLIAMENT HAS passed a Bill to set up the new Land Transport Authority (LTA). From the explantions given by the Transport Minister on the LTA Bill, we can understand its significance. The views of back- benchers also reflect the high hopes they have of this Bill. If
    167 words
  • Article
    Historic achievement
    142 14 THE ANNUAL round of Asean foreign ministers' meetings has become such a complex event that it is sometimes difficult to sort out the important bits from the details. In some respects this year's meetings appeared bland, but on a handful of important issues, Asean has taken significant steps
    142 words
  • Article
    Gun control
    113 14 THE RECENT shooting deaths of three part-time female workers at a supermarket in Hachioji, Tokyo, has further pressed home the danger of guns. Strict gun control is a major factor contributing to the safe society we are proud of. But this control has deteriorated. Japan's recent tilt towards
    113 words
  • Article
    Step in the right direction
    119 14 TWENTY YEARS after the fall of Saigon and one month after President Bill Ginton established diplomatic relations with Hanoi, Secretary of State Warren Christopher's visit to Vietnam last weekend was an important step in the painful process of reconciliation. Mr Christopher's visit set just the
    119 words
  • Page 14 Advertisements
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      124 14 EThis article is reprinted from the June 26 issue of Business China, a fortnightly management report by The Economist Intelligence Unit (Asia) Ltd Aenfe fl J7r AETOISB&* 0 AeroflotTo Europe, Always A New Experience <>^ With refreshing stopovers in Moscow or St Petersburg, flying Aeroflot to Europe is a whole
      124 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      84 14 (wouD ON n »S ThRT TILUE-S TtMPS? AW*r COULD Jp U)£. 60CWEP ONE. OP NOUR I UP.R NQu}... i| s IO KJHO Fofc W££K BOT IT'S V-IFM.F«ft\ST NINE J \j *t^|| pvMD sue. STILL SWOON I V C<*K P*MQCMTiowtw»«»«it>i.To,itM.im 9492 POONESBURY GARRY TRUDEAU VXJMEZE? 100*! I W J£L \feuS7jA9lOKfUNe MFBCOOL
      84 words
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  • THE LAW PAGE
    • Article, Illustration
      Aussie move gives clout to aggrieved shareholders
      948 15  -  Even non-executive directors can be taken to court under a recent judgement, as Selva Kumar discovers Selva Kumar The writer is a Sydney-based freelance writer CORPORATE heavyweights in Australia are alarmed by impending changes to the law that could soon wipe out a
      948 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      132 15 J ffIMgSBS wm»— C BINCEI9O4 1/2 hour Colour Print E H •E6 Slide Process H W Canon Instant Colour Laser LJ Copy/OHP (Only at Orchard Tower) l/C Instant Passport H| Lamination Fj wM Available at Hi H #81-15 Orchard Towara, Orchard Rd TW: *****15 #01 -07 Tangiln Bhoppioq Centre T«i:
      132 words
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      Page 15 Advertisements Column 2
      499 15 The Chinese have a saying our ancestors a tree so the future generation can enjoy the their labour sounds rather when you you can relate to how we can gain from the previous They to a strong foundation for you so now you can for the TAKE ADVANTAGE OF OUR
      499 words
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  • Article
    Lock icon Indian state hints at rethink on axed Enron project
    470 16 AFP AP BOMBAY The Hindu nationalist government of India's Maharashtra state hinted yesterday that it was willing to renegotiate with Enron Corp of the United States on its cancelled US$2.B billion (553.92 billion) power project. "If Enron sends us a letter
    AFP; AP  -  470 words
  • Article
    Lock icon Bundesbank trims money market rate
    365 16 Cut in key discount rate expected to follow UPI Bloomberg Business News BONN The Bundesbank kicked off a fresh round of cuts in German interest rates yesterday by letting money-market rates fall for the first time in lour months, a move which many analysts believe
    UPI; Bloomberg Business News  -  365 words
  • Article
    Lock icon US growth slowed by sluggish car sector: Fed survey
    384 16 AP Bloomberg Business News WASHINGTON US economic growth is getting ofT to a slow start in the second half of 1995, restrained by sluggishness in the car industry, the Federal Reserve said yesterday. The economy is expanding moderately in some parts
    AP; Bloomberg Business News  -  384 words
  • Article, Illustration
    US pursuing short-sighted approach to diplomacy
    776 16  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent THE Monroe Doctrine under which America in effect assumed foreign policy-making rights on behalf of Latin America has been described by one political historian as "a unilateral declaration of what America
    776 words
  • Article
    Lock icon MCI, News Corp in online joint venture
    167 16 Reuter Bloomberg Business News NEW YORK MCI Communications Corp and News Corp Ltd yesterday announced a joint venture to provide online services, the first major link-up since MCI announced plans earlier this year to invest US$2 billion (Ss2.B billion) in the media and
    Reuter; Bloomberg Business News  -  167 words
  • Article
    Lock icon Thailand forms high-powered team of economic advisers
    240 16 Business Day BANGKOK A high-pow-ered panel has been named to advise the Banharn government on the economy as well as to bolster the government's image. Finance Minister Surakiart Sathirathai announced yesterday that former Deputy Agriculture Minister Kosit Panpiemrat has been appointed as chairman
    Business Day  -  240 words
  • WORLD IN A BOX
    • Article
      Lock icon Disney on the waterfront?
      64 16 Bloomberg Business News BOSTON Walt Disney Co, fresh on the heels of its planned acquisition of Capital Cities/ABC Inc, is considering Boston's waterfront for a new entertainment complex. The Boston Globe yesterday quoted Stephen Tocco, executive director of the Massachusetts Port Authority, as saying Disney officials
      Bloomberg Business News  -  64 words
    • Article
      Lock icon Boom for Russia?
      51 16 Reuter PARIS Russia could have an economic boom next year, experts at the OECD, the Western governments' think-tank, believe. But in a major report to be published next month they will tell Moscow politicians that only tight financial discipline and more free-market reforms can make it happen.
      Reuter  -  51 words
    • Article
      Lock icon Not cheap trash
      58 16 Reuter TOKYO Japan spent 1.85 trillion yen (SS2B billion) to dispose of garbage in the fiscal year which ended in March 1993. Kyodo news service yesterday quoted the Ministry of Health and Welfare as saying that 14,800 yen per person was spent on disposing of gart>age, up
      Reuter  -  58 words
    • Article
      Lock icon No First Lady for her
      72 16 Reuter NEW YORK United States House of Representatives Speaker Newt Gingrich's wife says she would prevent him running for president and undermine any bid, according to a magazine article published on Tuesday. "I don't want him to be president, and I don't think he should
      Reuter  -  72 words
    • Article
      Lock icon Interest in Iran oil deals
      89 16 Reuter ABU DHABI About 100 European and Asian firms have shown interest in 10 oil development projects in Iran, which is trying to work around a US economic embargo. An Iranian oil source yesterday said: "There have been 100 applicants and we are satisfied and
      Reuter  -  89 words
    • Article
      Lock icon Thefts of trade secrets
      49 16 Reuter WASHINGTON The White House yesterday says there has been an increase in the theft of US trade secrets, including some by friendly countries. The conclusions were in US President Bill Clinton's first Annual Report to Congress on Foreign Economic Collection and Industrial Espionage. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Relief for workers
      108 16 Reuter PARIS About 250 relieved workers at a French slaughterhouse ended a strike yesterday after a partial victory over their boss's decree that Jhey had to go to the toilet at fixed times or lose pay. Staff in the "pee break" dispute at the plant in Quimperle
      Reuter  -  108 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      178 16 For stories, quizzes songs, cell Children's Funland on 1900-910-0001 at 30 cents a minute. f It takes one of distinction to i wear a Patek Philippe. And a special place to carry it. Hgyv'. j&M »nr M mfcc,, ME; jK H -jgjfl Men's Calatrava-Rcf. 3919 Cortina, naturally. <§) Cortina Watch
      178 words
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      Page 16 Advertisements Column 2
      19 16 To crack the safe or enter Mrs Wizard's crystal ball, call Tele-Games on 1900-911-0003, at 30 cents a minute.
      19 words
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  • ShippingTimes
    • Article
      Lock icon DAILY FREIGHT
      540 17 Knight-Ridder Reuter DRY bulk markets remained quiet with few new enquiries, although shipbrokers noted interest in short-period timecharters and activity from Japanese traders. The short-period interest could signal a rise in rates on Atlantic and Pacific routes, they said. "There still seems to be quite an abundance of
      Knight-Ridder; Reuter  -  540 words
    • Article
      Precious Shipping buys two ships for 487m baht, boosting fleet to 33
      344 17 SINGAPORE Precious Shipping pic said it has invested 487 million baht (5527.4 million) for the purchase of two ships which will have a combined capacity of 47,235 deadweight tonnes (dwt). The two vessels will expand the Bangkok-based shipowner's
      344 words
    • Article
      Lock icon Aussie maritime industry still lags despite recent improvements
      304 17 Reuter SYDNEY Australia's maritime industry is continuing to fall short of international standards despite recent improvements in profitability and the quality of the fleet, Transport Minister Laurie Brereton said. The Australian Shipowners Association (ASA) 1995 report said total labour costs declined by
      Reuter  -  304 words
    • Article
      MARITIME STOCKS
      319 17 SES WO Aug 8 S$ Vol CWT Distribution 1.66 +0.01 16 Chuan Hup Holdings 1.22 -0.01 87 Cosco Investment 1.97 -0.04 83 Cosco Investment A 1.74 Far East Levingston 6.10 -0.10 291 GB Holdings Ltd 0.82 +0.01 13 Hai Sun Hup Group 0.905 -0.01 517 Hitachi Zosen 0.99
      319 words
    • Article, Illustration
      Nortrans starts S'pore-Thai ro/ro multi-purpose service
      349 17  -  By Alec Almazan SINGAPORE Feeder line Nortrans Shipping Pool Pte Ltd is introducing a new roll on/roll off (ro/ro) multi-pur-pose liner service between Singapore and Thailand from today. The service will be the first regular combined ro/ro conventional line between Singapore and Thailand. Ports
      349 words
    • Article
      Lock icon HK shipping director censured for unauthorised loans
      231 17 Bloomberg Business News HONGKONG The Stock Exchange of Hongkong has censured Frank Chao, an adviser to China and a director of Wah Kwong Shipping Group, for taking unauthorised loans from the shipping company. The public slap on the wrist is the latest move
      Bloomberg Business News  -  231 words
    • Article
      Lock icon Hyundai wins MISC order
      54 17 Reuter SEOUL South Korea's Hyundai Heavy Industries Ltd said it had won a US$45 million (SS62.S million) order from Malaysian International Shipping Corp Bhd (MISC) to build a 105,400 deadweight tonne crude tanker. Hyundai, a unit of the Hyundai Group, will deliver the tanker by mid-1997,
      Reuter  -  54 words
    • Article
      Lock icon CMBT, Contship to merge services to M-E, India
      449 17 Lloyd's List LONDON CMB Transport (CMBT) and Contship Containeriine are to combine their joint liner services from Europe to the Middle East and India/Pakistan into one operation to ward off competition from conference outsiders. The decision is the logical outcome to four
      Lloyd's List  -  449 words
    • Article
      APL goes on Internet
      241 17 SINGAPORE American President Lines (APL) announced recently that it had gone online with the launching of its "home page" on the Internet's Worldwide Web. "The Internet may eventually provide a low-cost alternative to some of the sophisticated electronic data interchange technologies in use in freight transportation
      241 words
    • Article, Illustration
      Lock icon Private ferry gains from protest
      56 17 Reuter ISTANBUL Commuters packed aboard a privately-run lory sailing through Istanbul s Bosporous as the state-ran ferries remain empty on quayside due to a one-day labour action on Tuesday. Thousands of public workers stopped work to protest against what they see as an insufficient pay
      Reuter  -  56 words
    • Article
      Lock icon TNT sets up logistics venture with Thai partner
      164 17 Bloomberg Business News BANGKOK Sydney-based transport group TNT Ltd yesterday said it formed a joint venture with Thailand's Loxley' Public Co to provide transport logistical services. The new company, TNT Logistics (Thailand) Ltd, will be owned 51 per cent by Loxley and
      Bloomberg Business News  -  164 words
    • Article, Illustration
      Lock icon When cargo has to get there fast
      1057 18  -  Air charter brokers provide a niche service by arranging emergency or oversize shipments. But it is a very competitive business and the costs are high, says Chris Gillis Chris Gillis American Shipper Ii T IS expensive, so you better know what you are
      American Shipper  -  1,057 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      319 18 Page •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrenkid 4 •Appcnship 4 Astro 10 Austral II Avant 6 BSA II BaUmindo 7 Bright Express 6 •CCNI 4 •CMA II •COSOO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho Yang
      319 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10202 24 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 m g- g ST" E I A AdaMda 12/08 01/08
      10,202 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        510 29 VwmI <oy lb BorHi Arrfral Degartw JwwgPwt (BT) Mmtt J1 Jones* 10.08/1800 Artte Ocean BS01/95 J7 Amgsde 10.08/1700 Dasa SeMas 2 J5/6 *x«s«ie 10.08/1200 kna Tettna 12 M/5 akx«side 10.08/1800 North Star J16/17 *x«Hte 10.08/0800 Ractraanud I 13 alongside 1108/0700 Surya Sakb 08/02/95 J8/9 alongsile 10.08/2300 Unan
        510 words
      • Article
        CONTAINER SCHEDULES
        1688 29 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Ucard M*«/B*nce Mb SMp »T N» E»/»to Ft— T« Fw to Qoaar 0038 11/2359 IB 09/1500 09/1659 09/1900 3 09/1700 10/0859 10/0900 4 10/1200 10/1159 10/1/00 to Rose 069* 12/1500 3 10/0700 10/1159 10/1400 4 10/1200 10/1459 10/1700 NI Mrada
        1,688 words
      • Article
        COCKETT BUNKER MARKET REPORT
        871 29 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
        871 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon New KL airport saves M$1b by tendering projects
        381 30 Reuter Bernama KUALA LUMPUR Malaysia has saved- more than Msl billion (***** million) by tendering projects for its mega-air-port, a senior minister said. Works Minister Samy Vellu said based on the tenders awarded since late 1994, estimated costs for the first phase
        Reuter; Bernama  -  381 words
      • Article, Illustration
        Kia model made in Germany for Taiwan market
        76 30 BREMEN, Germany Korean car maker Kia Motors now produces its four-wheel-drive Spoilage model in Germany for the Taiwan market. The tie-up with German company Karmann in Osnabruck has resulted in the creation of 1,000 extra jobs. Representatives of Kia, Karmann, Nosac and
        76 words
      • Article
        Lock icon FAA sets up task force to deal with unapproved aircraft parts
        281 30 NYT NEW YORK The Federal Aviation Administration (FAA) on Tuesday responded to widespread criticism of how it handles counterfeit and unapproved parts on aircraft, announcing that it had established a task force to study all its policies and procedures
        NYT  -  281 words
      • Article
        Lock icon US airports told to tighten security in face of possible extremist attacks
        241 30 Reuter WASHINGTON The Federal Aviation Administration (FAA) has ordered tighter security at US airports, citing the increased possibility of anti-US extremist attacks in coming months, the Washington Post reported yesterday. It quoted US aviation sources saying an FAA
        Reuter  -  241 words
      • Article
        Lock icon Twice-weekly strikes on London Tube
        214 30 Knight-Ridder LONDON Commuters should brace themselves for twice weekly strikes on the London Underground or Tube as train drivers vote pn whether or not to pursue industrial action, the Evening Standard said on Monday. The paper said leaders of tKe two train drivers' unions Aslef
        Knight-Ridder  -  214 words
      • Article
        Lock icon Alitalia sells 56% stake in Rome airport for one-time 374b lire gain
        310 30 Bloomberg Business News ROME Italian national airline Alitalia SpA said on Tuesday it sold its 56.2 per cent stake in Rome's airport for 415.7 billion lire (*****.8 million), the first step towards Europe's fifth largest airport selling shares
        Bloomberg Business News  -  310 words
      • Article
        Lock icon Clark airport to start receiving flights by Oct
        343 30 AFP ANGELES, Philippines An international airport at the former US Clark Air Base will be ready to receive flights by October, but will need improvements worth 350 million pesos (5519.1 million) to be fully operational, an official said on Tuesday. Romeo David,
        AFP  -  343 words
      • Article
        Lock icon Manila airport safe, says manager
        93 30 AFP MANILA The management of Manila airport yesterday rejected findings by the US Federal Aviation Administration that aviation security measures in the Philippines were inadequate. The Manila airport "is more secure than other airports. They can inspect it anytime and we will show them," airport
        AFP  -  93 words
      • Article
        Lock icon CPA starts cost-cutting scheme
        96 30 Reuter HONGKONG Cathay Pacific Airways said it has begun a trial cost-cutting scheme under which some of its Thai flight attendants will be based in Thailand rather than Hong Kong. Spokesman Kwan Chuk-fai said: "Some cabin crew members are now based in their home country on
        Reuter  -  96 words
      • Article
        Lock icon Air France may drop Australia flights
        98 30 Reuter PARIS Air France is considering dropping flights to Australia and New Caledonia for commercial reasons, but nothing has been decided yet, a spokesman said on Tuesday. The airline's review has been under way for several months and pre-dates the tensions between France and
        Reuter  -  98 words
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        Lock icon China's planes take on male stewards
        71 30 Reuter BEIJING The all-female bevy of powder-blue clad flight attendants who serve in China's planes will have new colleagues men, Xinhua news agency said on Tuesday. Shanghai-based East China Airlines has selected its first tight stewards from more than 1,000 college students who replied
        Reuter  -  71 words
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        Lock icon Mazda to cut output by 18% next month
        379 30 Bloomberg Business News TOKYO Mazda Motor Corp will slash car production next month and tell 5,500 employees to stay home for as many as five days because of poor sales in Japan. Mazda's production will fall by 13,000 vehicles, or 18 per
        Bloomberg Business News  -  379 words
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        AIRCRAFT ARRIVALS & DEPARTURES
        1496 30 AIRCRAFT ARRIVALS DEPARTURES cri mm m nm wn MaMaM GA896 0060 GA985 1215 GAS75 1335 S044I 1905 MM QF081 1930 QF082 2055 S022B 2065 L >■!>!! <■■ KL843 0455 KL838 2300 SQ025 0650 SQ026 2355 GA975 1335 K1837 1450 Mmm SQ347 0655 kmttmt S0286 2040 SQ288 2045 IMhpM BM21 1105
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      193 18 Lines and services represented by. Wombsn of the Registry ot Accredited /s£>9K\j\ Shipping Agents, Singapore National Shipping HtuchMss For advertising enquiries, contact Stopping Times: Tel 740-2089/740-2090 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday BiEinesslinxs JBIfaTjV fit .7.11 fiTJ 1KH IM IJ rt*"
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      703 19 WHOLESALE CENTRE, BLOCK 1, *03-10 SINGAPORE 0811 TIL 77M2M MS UNU) FAX: 7777«1C/77aoiMS TUb ItmimiOM Fill MP vbse vot mm mm mmmm mm ii/w 21/h n/M nxu/ruamm ■EDMII f/w iim 101 fmmma m 105 imr wm mou/rum sun jot 0s mm lfctt wmmm SEN RAMI 05 11/ M n/N MINBVMMK
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      1029 19 PAORC SOUTH WIST BCPttSS (DWKD !<■«■ VOT I aim IsMEM I UK I QM I at I Ml I 001 I MM I MK I NOt I Ml I mmmemm tn I m/w Inm I vm I nm ISB Inm I nm I m/m Imm I m/m Imm MBMWTtl—m ~*s*
      1,029 words
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      Page 19 Advertisements Column 3
      257 19 (g) HANJIN SHIPPING BSSSSB9 S n/n "SS I r/n I n/M I n/St I SSSSi In/wIBSSi 5 I mmtarn wrn gift lyw mmmKm ii— mm. wr i■ i mwmmm. gTgTffl \mmm turn mIfI—I mm im iwcit/iftp 11 —ii mm |n*»|iwm |»i/m|m/»» I ynT TTTI I I— z&ft— sisisi i^^p=p rr
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      Page 20 Advertisements Column 1
      1151 20 KSSa «f W fDH IM IW SW PJHAM6 SM ttO DO ill IK MS yjfn ~W lUi W fS7T~ im TST~ W~W "W "JUT hbi ivw wT wi m n/i K/i iy» iv» \i/i n/i mum wW ~WT w vn *n im n/» m/i ii/» n/» */i essbi awes "Tvoo"
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      Page 20 Advertisements Column 2
      1273 20 I NORASIAI VESSEL VOY MN ALQ LAS BCL VAL HAM BRB NOT ANT ML LMA NOR MALTA Wfrl-1 11/ M 2MI Ml KM Ml Ml MN Ml Ml I7M NORKia 9532 3 lIM MM MN MN lAN MM 11M 11M UIN ISM MM SLPWOE iMWiIWtI«IWn«t7MIWINiNINM SL VALUE S34W SMI lAN
      1,273 words
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      Page 20 Advertisements Column 3
      500 20 JARAN/HONOKONQ/STRAITS REGULAR SERVICE L LOADING FOR PORT KLANQ/PENANQ wa VOY S*POM PftUOAM PW |P» 2 mbjnouempat "i tu> iTT I- 111 YATOBAM SATU 14 SLB MPT "HOMF wwwaju i iw 11 tm ■mug u mwi g WTO MM a MPT HOW mm ii 11 auq turn wrra 14 iimw iim
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      895 21 {Pnf STRAITS SHIPPING PTE LTD mmam cm** m W Tnrws SlHifft 8208 Ttl: 22S07SS tifssssr ss ssa ssa sa sa H*P»M mm HM.uk.ni w»m wuewenuim me iamim llmmwi mm ■aan.K.iM tuntm mm* ms* «w»ms z7ji SSiSjTW? -o, ifcirttafl ftrtMMfci fth Joobtuvits air r a—§ vra mm jmm*. ra—p* u>. mmi.
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      Page 21 Advertisements Column 2
      1442 21 P&O 1 np«C Containers (Singapore Amende.) Pte Ltd 0 it Hoc ft| Mf Boml M 741 Kennel Towers. Siamaore I2M First Class Connections WORLDWIDE mm3TfalK <!t 4 wocsr. f«Totto tsit m«Den iMW£i vnau. voy =W WJ SH oou awt hot ham oot wt lih LINOOC MA£RS* 9606 07/06 06A)6 IWOI
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      Page 21 Advertisements Column 3
      248 21 i SiranB ww3 SSr "S£-S~"w" *nwni L*22 II MMMM MM MM MM M-MM MM MM MM MM PM MM MM I I I \tnd II MMMIMIMMI MM MM MM M-T7M MM MM MM MM -~|MM MM |MM |MM MMMIMIMM7 MM WM MMIM«M| MM MM MM MM MM MM MM I
      248 words
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      987 22 W ROM MM HM TMf LMf LMf TOP MM MM NM fIL 1711 LMHrMHIt 1U 1A U U M M E. MMMUHH 17/7 M/ 7 IV7 W tl/T 1«l tM I t REMOWN RW-TI2 IM M M 1M 12* IM IMBTKM SI/7 1* M M W MM I IMtaWMM 2M
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      395 22 |^||HVPiIPIMPM|PVH^ Mwnawr m m mummmman m ■uhommm) mm-tum h« zmi mm mm mm I un c»ow« on-oM m mm mm am mm mm mm IRIMUI IMI MM SIM IMI ISM um HM [mmmmimmwiimiimmm. wwaMniw>—immmmmimmmmwm l«u» xn w ftCH/THAI®fIKJA SCTVfrf w no ■ummm mhw IMI om mm rim turn Kjy ttP
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      298 22 S^^Sassns3n3SSß?ffimn TBj <*****3 (12 UNE6) I FAX: ***** IS/*****03 I TBJEX: R8 ***** M6MP (3 Lima) f CW NO: **********06 I «M War 61* |L— dMgMr BbrSsz isa Atoyct 4fm mP§ oUbm»twm 4MB WHO FULLY CONTAINERISED REGULAR IMB SERVICE ACCEPTING BOTH FCIVLCL ALSO BO&OC uw aw aw Imm I ww
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      Page 23 Advertisements Column 1
      1697 23 fIfiQSA Mfe^' »>ppw twol <fW>: W <»—rti}: ttsim liMifNtMf 4f~*j D*ft COSTAR SHIPPING PTE LTD fi£/ftH7&2f, ~M unmr umuw CMMW>K -»t onw CHMT UUTU t I IMh Mr #f7-M MurMMCtUMf hnnMiil tfNJH MtfNW flnr "r r Mtm+tOmt ZJfSJ!SS Mmm rvcmtm trututt In §~t*mru f„i~-t: «mw WW.r. WW SSSSL(|.i MMUOfftCl fu
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      Page 23 Advertisements Column 2
      574 23 Jfi| FAMOUS CONTAINER UNES —80 ROBINSON ROAD, *22-02 SINGAPORE 0106 y HOT UNE: *****33 (30 LINES) BARCELONA/SPAIN 16/08 LEHAVRE/FRANCE 11/01 MARSEILLE/FRANCE 15/08 HAMBURG/BREMEN 11/ Of GENOA/HALY 12/08 ANTWERP/BELGIUM GOTHENBURG/SCAN 13/08 ROTTERDAM 11/08 AARHUS/COPENHAGEN 13/08 FEUXSTOWE/UK 14/08 LOS ANGELES/WC/IPI 18/08 SYDNEY/MELBOURNE ■vwll NEW YORK/EC IS/OS FREMANTLE/ADELAIDE VANCOUVER 11/08 BRISBANE 14/08 TORONTO/MONTREAL
      574 words
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      1028 26 vtwa. vov sm jkt II b mmm. yov mm j«n_l^M I voy im bkk i yoomr ow Fri |ham jm |iyw| I gg— Ll£ "ShlSrW VHU BHUii M 12/ M Tim 11M II |MABOUA 80t1 i* 1W H| YAWTWAKUM S7H Thu HH to ISAM j lITTTCI. Sr iS~ "rS iSII
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      Page 26 Advertisements Column 2
      619 26 70 ANSON ROAP, *11-01,3INOAROW« 0207 CW > **********011 wwa iw m B«a wrr m rat SEA LAUREL 412H 10Q8THU llAMffli IfCTSE 5045 DWWtD IttMffli EAfiLfMOOW OB6A IMMTHJ 12AM SAT U DRAfiCWIiAS *3M IQAMHH 12AM SAT WHO ***** 11AM mi 13AMSUW XOUR SPORE ***** IMBSAT 14AM MOW SEALAURa 413W 13AMSUW ~I4AMMOW
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      605 27 BSA iiTI M MYANMA VHHk FIVE STAR UNE (Myaaaar Natiaaai Um) Uwfcn far Yaafta (Raafaaa) vtssa vot sm m m ki 81/yUA SU HP A-All hh ■AIAMM iMMft, illiHHlft (IHOHC |£U«fgC MUTMI AutMiy. WV)IKAO >HrrPU MMUU KOL TE 02-03-*****00 PtL 1H 0243-37*101 rak m 02-04-*****02 P9D: IE 0247-*****21/4 M NIGERIAN
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      Page 27 Advertisements Column 2
      965 27 ADVANCE CONTAINER LINES (PTE) LTD ■——API 140 Gael SMaat, #12-00, PH. BuMbig, Slngapom 010S 1* I TEL: *****21, FAX: *****19, TELEX :R8 ***** ACLPL ■MMBM"MMOCR NO **********0E %%rmrir JAKARTA ~I iiW ifalHn,i.lMT. mm I™ m __jS aw vnmm vor aw mi ti «*a—cai ■ami ii/oi im m-ML. JMM ■ctaibuata nbii
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      Page 27 Advertisements Column 3
      751 27 IcR NO: IQZaTeCQQQOZ Ivebsbls var m* leh«*re ismmuwq tmummm wottbhdam aktwere vlleoe SAorm siow iMi oms arm oaras km» h/ob t VU-ED-AQULA Atm 22/08 IMB 14/08 IMB IMB WOB WJLE DXYDRA HKWV 3MB IMS 21/08 23/08 Mm 28/08. > VU£ DE LYRA YKJW BMB M 2MB 3Mt OtTlO OtflO —A—wi——L———l—
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      Page 28 Advertisements Column 1
      537 28 49 Hairatan, Torghundi, Isiamqala (Doqharun) Mwmccwwm c.i.s./russia: Alma Ata. Ashkhabad, Baku, Dushanbe, I IMHini A 11 rah Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, Novosobirsk, Sochi, Tashkent, Tbisi, Vladivostok, Vostochny Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA ALSO >1 I IP I HI CAMSO
      537 words
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      Page 28 Advertisements Column 2
      537 28 PEN PKL SIN DAILY RECEIVING 1M Uffl i«S m SS sS aS I2M 21* 22/8 HKG/gKMgMWH 11/8 138 1M SHANGHAMIAUAN JW/KMEA/IWA 1 XIAKKN/BEUING Manila£abu 9/8 1(V8 11/8 TokyoAha/Yoto 11/8 12/8 13/8 I ABSTBAUA/WWZEALAW) ww j 12/8 13/8 14# Brts USA/CANADA 13/8 14/8 15/B Sydnay/MalbounM 12/8 13/8 14/8 fTMitMtta/AdtMdt VAMC(BC), MTI/FOR
      537 words
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      Page 28 Advertisements Column 3
      257 28 SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAIUWGS J vcsa a sm pi pi dm ct MMVI 22 SID MPT 19/ M 2S/M 02/09 o. .TO\ •Also co*« E.L 4 P.E. ,Z MMAYSIA AGENTS: PORTKHAMG TG. MAN l" IB: *****00 TB:34t2tt Sm AGENTS: nmUMBAUI MM TR: *****7 TH: *****6 (FOREST PROOUCTS SERVICE)
      257 words
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  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      109 29 REGIONAL WEATHER I LiGtNO SL,*, Wov.h*gM Sorfoco winds or* mdkotod by arrows which fly with Hm wM 0 On* fut circia reprasants calm or Ight and variabh winds Ono half fWcho roprosants 5 knots I—•. Ono fuN flocho roprosants 10 knots k On* soßd tnongk roprosants SO knots Wo** fcaiglrts
      109 words
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