The Business Times, 19 September 1995

Microfilm: NL20019
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times WE KNOW MITA(P) 194/12/94 Tuesday September 19 1995 m
    11 words
  • Article
    Lock icon Dow falls 32.69 points
    75 1 Reuter NEW YORK Blue-chip stocks fell sharply yesterday ss investors took profits after last week's string of record highs. At 2 pm EOT, the Dow Jones Industrial Average was off 32.69 points at 4,764.88 after falling more than 40 points earlier in the session. In the
    Reuter  -  75 words
  • Article
    Untitled
    117 1 STU J, 115.92 -23.73 KLSBCorap 995.31 +1.91 Nikkd 11,319.16 -439J9 SSftScn# 9,770.05 -27.35 SETliMto 1,331.21 +0.59 WartaComp 494 j, .....2,755.74 -1.69 Taipei WP! 5,040.15 +77.61 taNfOoap l,00a21 +4.64 •aabwHBX) ..3,370.36 -1.30 B *3.20 A*,Ail Ord 2,166.0 +0.3 PTS8 100 3,533.3 -31.3 •SSSn* fiSkgralt Swore* 6.44 Kuak Lumpur 7.93 Jakaita U.00
    117 words
  • Article, Illustration
    $200m govt levy could squash Exchange Centre
    675 1  -  ■y. Lee Han Shih, Michelle Low SINGAPORE The proposed Singapore Exchange Centre at Shenton Way is in danger of being aborted. The government's Land Office is proposing to impose a levy of more than $200 million on the developers the United Overseas Bank
    675 words
  • Article, Illustration
    YHS will not sell soft-drink or property business: chairman
    307 1  -  Lee Han Shih SINGAPORE Listed softdrink maker Yeo Hiap Seng Ltd has no intention of selling either its soft-drink or property business, chairman Robert Ng said yesterday. Mr Ng, who entertained more than a dozen analysts over lunch at YHS* headquarters,
    307 words
  • Article
    Lock icon Maybank lifts base rate to 7.2%
    62 1 Bernama KUALA LUMPUR Malayan Banking Bhd lifts its base lending rate (BLR) to 7.2 per cent per annum today, from 7.15 per cent previously. This is the seventh revision in the bank's BLR this year, the bank said here yesterday. The rate was last
    Bernama  -  62 words
  • Article
    Lock icon State bank in Taiwan hit by NT$640m run as customers panic
    262 1 AFP TAIPEI Panic-stricken customers of a state-run bank in central Taiwan yesterday rushed to withdraw a total of NTS64O million (5533.6 million) after the collapse of another bank, a report said yesterday. The run on the Cooperative Bank of
    AFP  -  262 words
  • Article
    Lock icon Electronic share-trading system ready to challenge LSE
    269 1 Bloomberg Business News LONDON Britain's first electronic share-trading system goes live this week, becoming the first real threat to the London Stock Exchange in its 200year history. The Tradepoint Investment Exchange, which will match buy and sell orders electronically without the need for
    Bloomberg Business News  -  269 words
  • Article, Illustration
    Lock icon It's business as usual in HK as Democrats romp home in polls
    636 1  -  Fran Quak Hiang Whai PRO-DEMOCRATIC forces led by Martin Lee, whom China has denounced, scored a significant victory over pro-Bo-jing candidates in Hongkong's last Legislative Council elections under British rule but the business community and the stock market
    Reuter  -  636 words
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      118 words
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      7 1 Property: Pg 16 Sydney's commercial market recovering
      7 words
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      32 1 XT J Hock Lock Siew: pg 19 The H-share dilemma Differential preoin •till a bone of coateatioa: Tkt Property Column, P| 17 Dr Mahathir Malaysia plans to speed up privatisation programme, Pg4
      32 words
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      Page 1 Advertisements Column 4
      71 1 The Bottom Line: pg is Growing ties will bind Europe, Asia US Congress set to cut capital gains, Pg 18 New Pasha C watch. Cartier, The Jeweller, works steel like n juSmj -~T£WIEMPIj^ Sciatch-icslsUnt sapphire crystal. Date with magnifying glaaa. Paaha watches range from 554.000 Cartier Cartier bajtique/ Singapore Ngee
      71 words
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      9 1 *^^^S EATHTAK,NQLV FRESH decepttvely AMAZINGLY l '-^Rr J STRONG.
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Significant fall in volume of job ads
        324 2  -  By Teh Hooi Ling THE volume of job advertisements in The Straits Times last month dropped significantly in most categories another sign, perhaps, that the economy is slowing down. In the Appointments section which contains mainly ads for executive and professional positions with
        Source: ST Appointments & Notices  -  324 words
    • Article, Illustration
      Lock icon S'pore businessmen gloomy: survey
      477 2  -  But their pessimism probably runs deeper than necessary, says magazine By Anna Teo CONFIDENCE in the Singapore business climate seems to have plunged over the past year, going by Asian Business' latest Singapore confidence index. But the sense of gloom may be exaggerated, the magazine reckons.
      Source: Asian Business  -  477 words
    • Article
      Golden Wheel buys warehouse for $53m
      299 2 THE privately-owned Golden Wheel group has bought a soon-to-be-completed flatted warehouse in Kallang Pudding Road for $53 million or $680 per square foot. The tender was brokered by DTZ Leung, which said the $680 psf price tag for the freehold property was "reasonable and
      299 words
    • Article
      Money broker Martin-Bierbaum said to have closed office here
      424 2  -  By Paul Leo MONEY broker Martin-Bier-baum (Singapore) is said to have closed its local office. Market sources said the company told employees yesterday morning that they did not have to report for work any more. Dealers noted that "no prices were
      424 words
    • Article
      Comfort Group to be Peugeot agent from next year
      310 2 LISTED Comfort Group steered towards a new business area yesterday when it signed a contract with Automobiles Peugeot of France to distribute Peugeot cars here. Le Car, a wholly-owned subsidiary, was incorporated last month with an authorised capital of $S million
      310 words
    • Article
      STPB, TDB working together to attract mega, high-profile exhibitions
      403 3  -  By Agnes Wee THE Singapore Tourist Promotion Board is working closely with the Singapore Trade Development Board to attract more and bigger exhibitions to Singapore. It aims to attract more events in the league of Asian Aerospace or the computer show
      403 words
    • Article
      Growth in demand for industrial units slows
      330 3  -  JTC flatted factory space among hardest hit Abdul Hadhi DEMAND for industrial property grew at a slower pace during the second quarter, the Jurong Town Corporation (JTQ said yesterday. Among the most affected was the flatted factory segment. In its latest quarterly review,
      330 words
    • Article
      S'pore Refining may face prosecution over oil spills
      156 3 THE Ministry of the Environment and the Port of Singapore Authority are considering prosecuting the Singapore Refining Company for causing pollution to land and water courses. A joint statement by the two bodies said there were two incidents. The first, on Aug
      156 words
    • Article, Illustration
      Lock icon Bigger Asean means more effort needed for consensus: BG Lee
      210 3 AS ASEAN's membership expands, member states would have to work harder at building consensus, Acting Prime Minister Lee Hsien Loong said yesterday. By the turn of the century, Asean would likely have admitted all the 10 states of South-east Asia,
      AFP  -  210 words
    • Article
      Rexon Singapore not affected by bankruptcy filing, says report
      282 3  -  By Claire Leow NASDAQ-LISTED Rexon Inc of Florida, which has a Singapore plant making digital audio tape and tape drives, has filed for bankruptcy protection in the US and announced senior executive resignations. But a Bloomberg Business News report last week
      282 words
    • Article
      Bintan Lagoon Resort developer to issue $53m bond
      210 3 A $53 MILLION bond issue for the Bintan Lagoon Golf and Beach Resort the first bond issue in Singapore dollars for a resort company will be signed here on Friday. Details of the bond will be announced on that day. The underwriter
      210 words
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      Page 2 Advertisements Column 1
      343 2 Save up to 4hrs to Detroit and beyond. yilliil P f oi m M M wL- '*j 4 B B JM~* m w M t j| m JF.r. V m M m m w M M M Twist...turn...list...lurch. One thing the markets are M m M m M W guaranteed
      343 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      222 3 Are you afraid of being sued? Are you aware of the rising exposures legal liabilities you face as your companies internationalise or regionalise? Do you want to learn how to get maximum protection at a reasonable cost to cover you and your firm's exposure? I Then you mustIWBHBIBBIBiBW the A
      222 words
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      Page 3 Advertisements Column 2
      343 3 I 111 I I Discover HNHI ofPower^H I Miniaturization I I At Asia's TWo Most Important I I Electronics Event I if you want to keep abreast with advancing Conference And Workshops technologies, new developments and strategies in 25-29 Sept 95 Pan Pacific Hotel jfej miniaturization. don't miss Nepcon/SMT Asia
      343 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Heavy floods shut down Penang's Silicon Valley
      302 4 Reuter, AFP KUALA LUMPUR Work at Malaysia's biggest electronics manufacturing centre in Penang came to a near standstill yesterday after heavy floods kept thousands of workers at home, officials said Penang island was struck by flash floods yesterday, four months after being paralysed
      Reuter,; AFP  -  302 words
    • Article
      Renong wins bid for 51% of Manila Hotel
      386 4  -  Reports from Al Labita in MANILA RENONG Bhd yesterday won the public bidding of the state-owned Manila Hotel, highlighting the Malaysian conglomerate's expansion thrust in the Philippines. The Malaysian company bid 44 pesos (552.43) for each of the 15.3 million shares up
      386 words
    • Article
      Perks for KL firm's PCI project in Manila
      217 4 THE Philippines has granted incentives to Grand United Holdings of Malaysia to ensure the viability of the firm's 362 million peso (5520.1 million) printed circuit board project. The project at Marilao, Bulacan, north of Manila, will be put up by Grand Circuit
      217 words
    • Article
      Lock icon Plan for Angkor Wat hotels
      60 4 AFP PHNOM PENH The Cambodian Ministry of Tourism is negotiating with two European hotel groups to build two luxury hotels near the 12th century temple complex of Angkor Wat, a ministry official said yesterday. Siv Samnang, adviser to Tourism Minister Veng Serryvuth, said negotiations were
      AFP  -  60 words
    • Article
      Lock icon Hanoi cuts investment approval time
      72 4 AFP HANOI Vietnam has cut the time taken to approve foreign investment projects in export processing zones (EPZs) in Ho Chi Minh City to less than two weeks, an official said yesterday. The State Committee for Cooperation and Investment, which licenses foreign investment in Vietnam,
      AFP  -  72 words
    • Article
      Lock icon Aussie-Indon ties good: Keating
      55 4 AFP CANBERRA Australia's relations with Indonesia are in good shape, Australian Prime Minister Paul Keating said yesterday. He rejected opposition claims in parliament here that his two-hour meeting with President Suharto on Sunday was a failure because the Indonesian leader had given no commitment on a
      AFP  -  55 words
    • Article
      Lock icon Marcos' victims announce accord
      105 4 AFP MANILA Victims of human rights violations under Ferdinand Marcos' regime announced an accord with the Philippine government yesterday to divide nearly US$5OO million (*****.5 million) from the late dictator's Swiss bank assets. The pact requires the government and Marcos' heirs to each set aside US$5O
      AFP  -  105 words
    • Article
      Lock icon Insurance scheme gets thumbs down
      71 4 Bernama KUALA LUMPUR The Federation of Malaysian Manufacturers (FMM) has strongly urged the government not to establish a proposed insurance scheme for workers as it will only prop up an unhealthy corporate culture among them. In a statement yesterday, the FMM said the scheme would
      Bernama  -  71 words
    • Article
      Lock icon Manila-Westinghouse dispute
      67 4 AFP MANILA The Philippines has asked for a US$2OO million (Ss2B9 million) cash settlement with Westinghouse Electric Corp to end protracted litigation over a US$l.2 billion nuclear power plant, a top legal official said yesterday. Manila has alleged breach of contract over the 620-megawatt plant, which Westinghouse and
      AFP  -  67 words
    • Article, Illustration
      Lock icon Malaysia plans to speed up privatisation programme
      264 4 Bernama KUALA LUMPUR The Malaysian government will accelerate its privatisation programme, Prime Minister Mahathir Mohamad said yesterday. Dr Mahathir said he has directed the Economic Planning Unit (EPU) of the Prime Minister's Department to look into how that could be done. More than
      Bernama  -  264 words
    • Article
      S'pore firm in Cambodian tobacco tie-up
      244 4 Si NGAPORE SUTL Investments of Singapore has entered into a joint venture with British American Tobacco Industries (BAT) and the Cambodia Tobacco Company to form one of the largest tobacco manufacturers in Cambodia. The joint venture will take over the assets of CTC, which
      244 words
    • Article
      Lock icon Washington to focus on expanding trade ties with Asean
      258 4 AFP MANILA Washington will give special attention to expanding economic ties with Asean in the coming months, a senior US commerce official said here yesterday. US Commerce Undersecretary Jeffrey Garten told a press conference that "we are going to make this...the
      AFP  -  258 words
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      Page 4 Advertisements Column 1
      109 4 r 10 Claymore Road, Singapore *****0 50% Introductory Discpunt, Opens 2 October 1995 3pfit'lp- -v., jMf it'a just the place you can com* home to. (ft This announcement appears as a matter of record only SCF FINANCE AND SECURmES PUBUC CO., LTD. I US$25,000,000 I LOAN FACILITY I Arrangers Lead
      109 words
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      419 5 "Once you understand the basic swing, it's just a matter of adapting it to different situations." DAVID LEADBETTER. Whether it is the proper routing of the to see that person play. Everything Ido works full swing, or escaping a deep green-side toward that." bunker, David Leadbetter has always had a
      419 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Hopewell asks Guangdong for help with road cost overruns
      293 6 Bloomberg Business News HONGKONG Hopewell Holdings Co is negotiating with the government of Guangdong province to find a solution to huge cost overruns on the construction of the 122.8 km Shenzhen-to-Guang-zhou highway, said a Chinese official of Guangzhou-Shen-zhen-Zhuhai Superhighway Co. "They
      Bloomberg Business News  -  293 words
    • Article
      Lock icon HK jobless rate seen rising to 3.5%
      433 6 Highest unemployment level in 13 years for three months to August AFP HONGKONG Hongkong's unemployment rate is expected to rise to 3.5 per cent to the highest level in 13 years for the three months to August, according to government figures released yesterday.
      AFP  -  433 words
    • Article
      Lock icon Beijing to aim for 8% growth in next 5-year plan
      205 6 AFP TOKYO China plans to target an annual growth rate of around 8 per cent in its ninth five-year plan for 1996 to 2000, State Planning Commission Vice-Minister Wang Chunzheng was quoted here as saying yesterday. Japanese news agencies said
      AFP  -  205 words
    • Article, Illustration
      Lock icon Currency margin trades booming in Taiwan's underground economy
      343 6 Reuter TAIPEI In a dimly lit room reeking with the smell of cigarettes, a dozen men in suits and ties stare at currency prices jumping around on their computer screens. With their eyes glued to fluctuations in the US dollar, the Japanese
      Reuter  -  343 words
    • Article
      Lock icon Shanghai unveils plan to open Pudong wider to foreign firms
      318 7 Reuter SHANGHAI Shanghai officials unveiled a major new policy for the Pudong Development Zone that will open the city wider to foreign banks, insurance companies and trading firms. Outlining Beijing's policy toward China's premier development zone for the next five
      Reuter  -  318 words
    • Article
      Lock icon Taiwan stocks up as China tension eases
      394 7 News of first visit by official to Beijing since Lee Teng-hui's US trip fuels hopes Bloomberg Business News TAIPEI Taiwan stocks climbed yesterday as reports that the Economics Ministry will send a delegation to China to attend a Pacific Economic Cooperation Council (PECQ
      Bloomberg Business News  -  394 words
    • Article
      Aussie firm Ampolex signs oil field deal with Chinese company
      272 7  -  Fran Surinder Singh in SYDNEY AUSTRALIA'S Ampolex Ltd is believed to have signed an agreement with the China National Offshore Oil Corp (CNOOQ for an A 5264 million (SS2B9 million) joint development of its Lufeng oil field. Ampolex, which has
      272 words
    • Article
      Lock icon China to maintain tight monetary policy
      98 7 Reuter BEIJING The People's Bank of China wdttfd conttiftie its tight monetary policy to combat strong inflationary premie, bank governor Dai Xiangkmg said yesterday. China's macro-control policy his achieved part of its goals in bringing down inflation, economic growth, investment in fixed assets and
      Reuter  -  98 words
    • Article
      Lock icon Keidanren offers to help build dam
      73 7 Bernama-Kyodo BEIJING The head of Japan's largest business group told Nina's top economic planners yesterday that the Japanese business community is willing to help China build the massive Three G<*ics Dam on the Yangtze River. Shoichiro Toyoda, chairman of the Federation of Economic Organisations
      Bernama-Kyodo  -  73 words
    • Article
      Lock icon China's tourism earnings up 9%
      64 7 AFP BEIJING China earned US$4.4B billion (556.36 billion) from tourism in the first seven months of the year, an increase of 9 per cent over the same 1994 period, the China National Tourism Administration announced yesterday. A total of 26 million overseas tourists visited the
      AFP  -  64 words
    • Article
      Lock icon China food prices up sharply in Aug
      81 7 Reuter BEUING Food prices in China rose sharply in August from July, with shortages of some products slowing efforts to bring down inflation, the State Statistical Bureau said yesterday. While the increase in overall consumer and retail prices continued to ftll in August,
      Reuter  -  81 words
    • Article
      Lock icon Jiang-Clinton summit set for October
      106 7 AFP BEIJING Chinese President Jiang Zemin would meet his US counterpart Bill Clinton in New York next month, barring any "unforeseen events" instigated by Washington, Premier Li Peng said yesterday. In an interview with AFP chairman Lionel Fleury Mr Li stressed that Sino-US relations had
      AFP  -  106 words
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      553 6 Mi HWA HONG CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Hwa Hong Corporation United wiaheo to meke the Mowing announcement: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1995 GROUP COMPANY IWywrtolOJuw Half yeartoSSjaae IH6 Ite4 W- 1995 Ite4 B*ooo B*ooo B*ooo
      553 words
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      26 6 NOTICES I Want to A know W -what 1 1 dreams 7 V-~ Call i Dreamland on 1900-912-0004, at r 30 cents a W" i minute.
      26 words
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      Page 6 Advertisements Column 3
      150 6 DISTRICT 10-LUXURIOUS 2-STOREY BUNGALOW WITH SWIMMING POOL (in the course ofxooajtruction) Ashley Green Plot A Type B (Provisional House No. 22) Bukit Scdap Road, Singapore 1027 Land Area 16,039 s.f.(approx.) Title 999 years Tender Closing Date 2nd October 1995 at 4pm For mare information, plea* contact tie Exclusive Marketing Agent
      150 words
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      Page 6 Advertisements Column 4
      326 6 M THE MATTER OF THE COMPANIES ACT, CHAPTER 80 AND IN THE MATTER Of PARSONS CHEMICAL PROCESS ENGINEERING (FE) PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY QIVEN. pursuant to Section 306 of the CompenieeAct, Chapter 50, that tha FINAL MEETING of tha fcIAfMKaM MkjJ fill f,I
      326 words
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      Page 7 Advertisements Column 1
      25 7 Learn HOW TO WIN with Classes Now Forming For complete details, call us at 227-0004 1975 Dale Carnegie Training® presented by Connor Associates (Re) Ltd
      25 words
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      Page 7 Advertisements Column 2
      103 7 v wl HI Mi** 11, i 11 P" ilifnTTlf 111 Mill Over 150 flights a week, overnight, over Asia. Introducing As la One from planes to provide complete control of your revolutionary new intra-Aaian express door-to-door. And our highly delivery service, made possible by our new efficient night-flying schedule means
      103 words
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  • ASIA
    • Article
      Lock icon Japan's gloom may not lift this year
      404 8 Industrial output forecast and GDP growth figures not very encouraging, say economists Reuter TOKYO Japan's economic gloom is likely to last for the rest of this year and any clear recovery may only be seen from early next year, economists said. Yesterday's announcement
      Reuter  -  404 words
    • Article, Illustration
      Lock icon NZ given good report card by Moody's
      286 8 Reuter WELLINGTON Moody's Investors Service gave the New Zealand economy a good report card on Monday but fell short of upgrading its Aa-2 credit rating. Finance Minister Bill Birch seized on the report as an endorsement of the government's policies. 'The latest Moody's
      Reuter  -  286 words
    • Article
      Lock icon Japan's trade surplus with US shrank 15% in August
      313 8 Bloomberg Business News TOKYO Japan's politically sensitive trade gap with the United States shrank 15.4 per cent in August, part of an unexpected 1.3 per cent contraction in the country's global merchandise trade surplus, the Ministry of Finance said. That marked
      Bloomberg Business News  -  313 words
    • Article
      Lock icon Japan drops plutonium shipments
      74 8 AFP TOKYO Japan's electric power industry plans to have its nuclear fuel produced in Europe to avoid controversial shipments of plutonium from French and British plants, an official said yesterday. A spokesman for Tokyo Electric Power Co said European production of mixed oxide fuel from plutonium
      AFP  -  74 words
    • Article, Illustration
      Lock icon Tokyo offers PLO more aid
      68 8 AP GAZA CITY, Gaza Strip Japanese Prime Minister Tomiichi Murayama yesterday met with PLO chief Yasser Arafat and pledged US$2OO million (Ss2Bo million) more in aid to the Palestinian self-rule government. The money will be used for specific projects related to health, education, energy and
      AP; Reuter  -  68 words
    • Article
      Lock icon Zia moves to end crisis
      40 8 AFP DHAKA Prime Minister Khaleda Zia's ruling Bangladesh Nationalist Party yesterday offered fresh talks with the opposition to end the country's long-running political crisis as a three-day general strike entered its final hours yesterday. AFP
      AFP  -  40 words
    • Article
      Lock icon Tokyo to help revive property market as part of pump-priming package
      230 8 AFP TOKYO The head of Japan's Economic Planning Agency said yesterday that the government's pump-priming package to be announced later this week would include measures to revive the depressed property market. Isamu Miyazaki, directorgeneral of the agency, said the
      AFP  -  230 words
    • Article
      Lock icon Aussie dollar drops slightly as interest rate fears subside
      296 8 Bloomberg Business News, Reuters SYDNEY The Australian dollar fell one-half of a US cent after government figures on housing and prices lowered fears of robust economic growth and higher interest rates. July housing financing figures showed a continuing slump in the
      Bloomberg Business News,; Reuters  -  296 words
  • Page 8 Advertisements
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      245 8 F° r more than a century and a half, Patek Philippe has been known as fi nes t watch in the world. The reason is very simple. It is made I I m W !|§|§i|L m m differently. It is made using skills and techniques that others have lost VV
      245 words
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      265 9 LOB 51/96 -1 J Even if you aren't fond of flying, it doesn't mean your investments can't. Unique to UOB's new PRIVILEGE BANKING. A NIW AND select local and overseas Privilege Banking is an Equity REWARDING WAY TO BANK FROM THE UOB branches, ensuring that Trading Service which helps UNITED
      265 words
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      1149 10 m I k LtYi r. i |i T *Mi (tl WHERE TO WINE, DINE AND ENTERTAIN WORLD S LABG6ST SELLING B£ER .1 W. WltiseHcA ■OOLHVARDHOTEL, 100 IQX.Ttt7T72HI h (Dream WPveddiTy... rojhLuffitl of our packages from Inn k^e 9-courie Chinese ft Muslim dinner with free flow of Chinttee tea One night
      1,149 words
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      Page 10 Advertisements Column 2
      314 10 I fancy Heijinfi? I Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian "Beijing dumplings, a selection of m^n set menus, and 'Beijing specialities ||X7ri such as 'Beijing <Ba/(ed Tench and BfWCWrr 'Marinated Lamb. J anaj some rurw?
      314 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Nothing left after being No 1 ?
      918 11  - Nothing left after being No 1 Bill Carter on Home Improvement star Tim Allen's blues Bill Carter NYT TIM Allen, who in the past year has rewritten the standard for success in show business by headlining a No 1 television show, writing the No 1 bestselling book and starring in
      NYT  -  918 words
    • Article
      Lock icon Want your name on a plane for Christmas?
      494 11  -  Christina Pantin reports on the super-extravagant gifts in Neiman Marcus' catalogue Christina Pantin Reuter Already stumped about what to give for Christmas? Neiman Marcus, the tony retailer, has released its traditionally outrageous list of what the super-extravagant could be buying in a
      Reuter  -  494 words
    • Article, Illustration
      Lock icon Sandra's speedy climb to superstardom
      480 11 UPI AP UPI UPI UPI ACTRESS Sandra Bullock, who was paid US$5OO,OOO (*****,000) to drive the bus in Speed, will make US$B million for taking a title role in Kate Leopold, a romantic comedy, according to Variety. That's more than Antonio Banderas, the new Hollywood
      UPI; AP  -  480 words
    • Article, Illustration
      Lock icon Demi Moore flaunts asset on her body
      62 11 Reuter BEVERLY HILLS, California Actress Demi Moore, a Planet Hollywood shareholder, displaying a false Planet Hollywood tattoo on her shoulder as husband, actor Bruce Willis, admires the mark at the grand opening of the newest Planet Hollywood in Beverly Hills on Sunday. The
      Reuter  -  62 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      990 11 Years of National Geographic Specials, 9pm, Premiere 12 programme National Geothe best of the courtship, Malcolm X, 10pm, Premtao 12 Denzel Washington takes the role lengthy 1992 Jam Spike Lee biopic. This part of the film looks at Maicolm pre-black power career. As a B whose main ambition to be
      990 words
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  • FOCUS
  • Page 13 Advertisements
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      339 words
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      288 14 I One good thing deserves another. I I I I Introducing the new AcerPower/M Ultima. I I It's the workstation that takes full advantage of I I Windows* '95. I I It supports EDO DRAM (Extended Data Output) for I I super fast memory retrieval, allowing the CPU to access
      288 words
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  • Article
    Securities watchdog shows its teeth
    505 15 INTEGRITY, credibility and professionalism are vital ingredients in the making of a top financial centre. Malaysia's stated aspiration to become one took an unfortunate knock earlier this month in a botched ballot for the initial public offer shares of second-board candidate Great Wall Plastic Industries.
    505 words
  • WHAT THE OTHERS SAY
    • Article
      Feminists but not fanatics
      190 15 THE just-concluded United Nations Fourth World Conference on Women was a reminder that, in some respects, global conditions may not have improved much since 1951 when China adopted its women's charter, known as the Marriage Law. Zhou Enlai re- marked at the time that many party
      190 words
    • Article
      Social taboos hold women back
      177 15 THE UN conference on women highlighted many problems that still haunt women. Many still do not enjoy basic necessities. According to the UN, 70 per cent of the 1.3 billion poor in the world are women, mostly in developing countries. Many women still suffer from
      177 words
    • Article
      Critical role in the home
      197 15 AT THE UN conference on women, we could see that not all leaders of women's movements understood the crux of women's problems. This was especially true of representatives from Western countries, who failed to relate to the hopes and lifestyles of most women from the
      197 words
    • Article
      Beijing a best-selling venue
      185 15 DELEGATES chose the ideal venue when they decided to hold the United Nation's conference on women in China. If the event had been in Milwaukee or Acapulco, the conference would have been lucky to count its column inches in the world's press in double figures. Spread
      185 words
    • Article
      West's insidious arms sales
      186 15 INTERNATIONAL legal and illegal arms sales and trafficking is on the increase and has become a multibillion dollar business. It has been reported that the legal sales of arms, both used, like the 101 M-60 A-3 model tanks Thailand is thinking of buying, and off the
      186 words
    • Article
      Chirac's red herring
      134 15 PRESIDENT (Jacques) Chirac revealed more than a certain irritation in his attack on Australia. On French television, he said that "if they are as outraged as that by nuclear testing, I imagine they wouldn't sell uranium". The intended implication was that it was hypocritical of Australia to
      134 words
  • Article, Illustration
    Clinton, Congress in game of bluff over US budget
    1080 15  -  Coming presidential election ups the ante for both sides, reports Leon Hadar Leon Hadar The writer is BT's Washington correspondent OFFICIAL Washington is back in town from the August holiday and ready to launch what could turn out to be one
    1,080 words
  • Page 15 Advertisements
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      55 15 l.ilbS.MitlMflfilggfl [MIMDFUU OF ecology I (NO —P\ MISTOOK o> ft cyu^Messgj.GEl;... J a AWocune wwinw iro. im-wt )Sil DOOWESBURY GARRY TRUDEAU tj SIR 7 SIR, MAKE [HamtrsTOseeAwmeAP- homey runnm lfl IPITMBINSPBC- PROVALSANP CERTIFICATIONS. HI mFROHCHILP PWS.HBMANTSTOINmMieUJ fff| HMRMMM MXr/H- A?uZ jl**,/ SBMCe&IS 10UABOUT ?TAFFiN6 AND PRO- If I jg£gg I
      55 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Lock icon Sydney's commercial property market's fast recovering
      655 16  -  Last year's feast of office space has become this year's famine. Surinder Singh reports from Sydney Surinder Singh THE commercial property market in Sydney's Central Business District in the dumps three years ago with office vacancy rates as high of 22 per cent is
      Source: FPO Rains and Home  -  655 words
    • Article
      S'pore-based group plans A$50m housing project in Queensland
      178 16 A FORMER Deutsche Bank employee who was based in Singapore for 10 years is leading a Singa-pore-based consortium that aims to build a Asso million (S$S4.6 million) twin-tower apartment project on Queensland's Gold Coast. Gcrd Kraemer's Oceana group plans to put up
      178 words
    • Article
      S'pore businessman may soon buy Sydney hotel
      186 16 SINGAPORE businessman Ron Sim, who owns the Townhouse Hotel in Melbourne, may soon be able to buy a Sydney hotel he has had his eyes on for some time. The Hotel Lawson has been put on the market by a receiver appointed by
      186 words
    • Article, Illustration
      Differential premium still a bone of contention
      962 17  -  THE PROPERTY COLUMN By Lee Han Shih FIVE years ago, an editorial by this paper raised questions about the system of levying "differential premiums" on developers. Two years ago, the developers' trade body sought clarification from the authorities on the same subject. Today,
      962 words
    • Article
      PROPERTY WATCH
      225 17 Selected transactions in the pest week Typ> 1 aaa, I j y S»J PRIVATE Sep 11,1995 1438 Lor6Geylang Terrace 2200/1721 FH 1,300,000 755 Sep 11,1995 2368 HiMview Park CondoApt 1346 FH 870,000 646 Sep 12,1995 0511 I Land View Cdo CondoAptl 3400 FH 1,738,000 511 Sep 13.1995T 1130
      225 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      380 16 DEVELOPMENT SITE AT BALMORAL PARK For Sale By Tender Site Area of 17,7G9 sf i )s*// w Freehold Tenure U jl u U Potential to develop tv /r\ I a I storo V I BALMORAL y apartment block I QBCOJ .Aft/ tms vs. with a plot ratio OKAMQE PtCTRCE of
      380 words
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  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      224 17 ADMIRALTY INDUSTRIAL PARK t tfw BP No. 7083/95 Located dose to the Woodlands network of 6 MKT A variety of space available including flatted stations and the Causeway, Admiralty Industrial Park factories, semi-detached and detached factories, offers a wide range of well placed, production and ranging in size from 1000
      224 words
    • Advertisement
      Page 17 Advertisements Column 2
      251 17 A BRAND NEW COMMERCIAL BUILDING AT 331/333 JALAN BESAR Property 4-storey commercial building IT -3BWWB with basement carpark. Ideal for single tenant ;1W TmWW Permitted Use: Commercial i WIMM (shop/office) v 5 lIS I Land Area 3,650 sq ft j? jj 1U Net Lettable I fIHHBHHfIjI Area 10,990 sq ft
      251 words
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  • Article
    Lock icon Congress set to cut capital gains tax
    654 18 House plan calls for top rate of only 19.8%, the lowest in modern US history LAT WASHINGTON While a reposed capital gains tax cut bound to spark a bitter battle in Congress, some form of reduction is imminent. < Exactly bow significant the
    LAT  -  654 words
  • Article, Illustration
    Lock icon Chairman on the board
    5 18 m
    m  -  5 words
  • Article
    BA launches £115m package to boost premium class travel
    201 18  -  Frtm Genevieve Cua BRITISH^ Airways yesterday launched-^**Si 15 million (***** nafltipa) package of upCded services tor its first and liness otasa passengers in a bid to captlitMbpir share of the boomiq(p&ark£t for premium class I'* jijv' The move ii part of
    201 words
  • Article
    Lock icon Tokyo wants further US$ gains against the yen
    208 18 AFP TOKYO Japan's Chief Cabinet Secretary Koken Nosaka yesterday welcomed the dollar's recent gains against the yen and said the Japanese government would like to see the US unit appreciate further. "I think 108 yen is a yardstick," the official government spokesman
    AFP  -  208 words
  • Article
    S'pore tops World Bank list in use of human resources
    372 18  -  Fran Leon Hadar In WASHINGTON A NEW World Bank study of nations' per capita wealth places Singapore and Hongkong in the 23rd and 24th places. But the two economies top the lists in terms of the percentage each devotes to
    372 words
  • Article
    Apec ministers make SMEs the focus of free-trade action plan
    407 18  -  iy Yang Razali Kassim SINGAPORE The Asia Pacific Economic Cooperation (Apec) forum will make small and medium enterprises (SMEs) the centre of its action agenda to realise free trade in the region by 2020. Apec ministers who met in Adelaide
    407 words
  • Article, Illustration
    Growing economic ties will bind Europe and Asia
    735 18 The Bottom Line TWO of the European Union's top Commissioners are in Asia this week, seeking to deepen Europe's budding ties with the region. European Trade Commissioner Leon Brittan is visiting Japan and Singapore, while Foreign Affairs Commissioner Manuel Marin will also
    735 words
  • Article
    Lock icon Fed sees economy recovering and is unlikely to cut rates
    423 18 Reuter WASHINGTON US Federal Reserve officials, voicing cautious optimism that the economy has weathered its worst, appear in no big rush to cut interest rates again as they prepare for a policy-making meeting next week. While acknowledging the economy has
    Reuter  -  423 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      64 18 Partnership FORGED BY UNDERSTANDING Christofle Paris Pavilion Christofle The Shopping Gallery, #02-11/12 Hilton International Singapore, 581 Orchard Road, Singapore 0923. Tel 733 7257. Eapace Christofle; Robinsons 176 Orchard Road, Level 4, Centrepoint, Singapore 0923 Itctaa Scott* Level 4,350 Orchard Road, Shaw House, Singapore 0922. Talunfciaaya Singapore Basement 2,391 Orchard Road,
      64 words
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      Page 18 Advertisements Column 2
      99 18 Dittrlbulor for Nttsuko Ktyphont Syttamt A EPABX: SiM€kAp°RE SINGAPORE COMMUNICATIONS EQUIPMENT CO PTE LTD To! 278 7088 ■Every Call Is A Commitments EN BLOC SALE WITH RESERVE PRICE OFFICE UNITS AT NO. 1 MARINE PARADE CENTRAL D* Prime suburban commercial location next to Parkway Parade Panoramic view of the East
      99 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Thai phone operator TAC offers 2.7m shares in IPO
      562 19  -  _Jy Conrad Raj SINGAPORE Total Access Communication, one of Thailand's leading cellular phone operators, is offering 2.7 million shares to the Singapore public at between U555.33 (557.70) and US$6.3O a share. This will be Singapore's first foreign primary initial public offering
      Photo by Chris Loh  -  562 words
    • Article
      Why easing of credit may not help H-shares
      735 19  -  HOCK LOCK SIEW By Quak Hiang Whai HONGKONG China's largest banking groups have begun increasing their loans to Chinese companies. Industrial and Commercial Bank of China, the biggest commercial bank in the mainland, has started increasing working capital loans to state-owned companies
      735 words
    • Article
      Casa IPO at least 30 times subscribed?
      257 19  -  By Jenny Lam SINGAPORE Household products distributor Casa Holdings was unable to give the subscription rate of its initial public offer last night after the offer closed. A company spokesman told Business Times the subscription rate was "unbelievably high" so much so that
      257 words
    • Article
      MHE turnover surges on talk of end to loss spell
      193 19 SINGAPORE Material Handling Engineering was among the most actively traded counters yesterday on rumours that the company would soon be unveiling positive earnings after three consecutive years of losses. Some 4.16 million MHE shares changed hands yesterday as the Sesdaq
      193 words
    • Article, Illustration
      MARKET MOOD
      50 19 Mtod 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Barings, Credit Lyonnais Securities, Daiwa, Fraser, GK Goh, Kay Hian, Morgan GrenJeU, Ong Co, Nomura, Phillip, Smith New Court, Wl Can and SG Warburg.
      50 words
    • Article, Illustration
      Untitled
      69 19  - Shiv Taneja HOTEL Properties looks like a buy at its present level of $2.24. The weekly RSI chart is heavily oversold, though on the daily chart the signal is less clear. The moving averages chart also indicates a buy. By Skh Tmmtjm NOTE: We strive to give you informed, objective
      69 words
    • COMPANIES
      • Article
        PNB sells entire stake in Lion Corp to a Mirzan Mahathir company
        534 20  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIA'S state-owned investment agency Permodalan Nasional Bhd (PNB) has sold its entire 25.8 per cent stake of 31.214 million shares in Lion Corp Bhd to a port services company of businessman
        534 words
      • Article
        Keppel lands $21m tanker conversion contract
        267 20 SINGAPORE Keppel Shipyard, a member of the Keppel conglomerate, has clinched a $21 million conversion contract. The contract involves the conversion of 137,684 deadweight tonne tanker Ellida into a floating production, storage and offloading vessel (FPSO). The shipyard's client is Modec Inc a subsidiary
        267 words
      • Article
        Strong Sing $ hits NOL in midstream
        413 20  - Strong Sing hits NOL in midstream By Rahita Elias SINGAPORE National carrier Neptune Orient Lines' half-time earnings sank 20 per cent to $17.8 million, battered by a strong Singapore dollar and higher interest expenses. Earnings per share fell 18 per cent to 2.53 cents for the six months to June
        413 words
      • Article
        Untitled
        512 20 Mmgm' prim Sep 19 Mcndaki Gr Fund 1.02 I 05»d® SetCMar* Unit Trust us Gr Fund 1.I6 i xr* The Commerce 1.55 1.64 UOB Asset Mft Ltd The Savings Fund 1.49 1.38 Umfund 1.41 1.47 S'pore Prof Fund 0.58 0.62xd Umbond 1.06 1.085 S'pore Sec Fund 0.91 0.97 United Gr
        512 words
      • Article, Illustration
        Scottish investment group Murray Johnstone opens S'pore office
        267 20  -  By Paul Lao SINGAPORE Scottish investment group Murray Johnstone opened a local office yesterday, with hopes of tapping statutory boards and Central Provident Fund monies, establishing a unit trust and setting up a private equity venture capital fund. Murray Johnstone (Asia) managing
        267 words
      • Article
        Vickers Ballas net profits plunge 24%
        254 20  -  Corporate results By R Sivanithy SINGAPORE Listed stockbrokers Vickers Ballas yesterday announced a 24 per cent drop in interim group net earnings to $14.53 million for the half-year ended June 30. The fall in profit came on the back of a 20 per cent
        254 words
      • Article
        Bonvests' interim gain up 50.8% to $9.9m
        269 20 SINGAPORE Property group Bonvests Holdings has reported a 50.8 per cent rise in net earnings to $9.9 million for the first-half year ended June 30. Group turnover rose 14.2 per cent to $66.5 million, from $58.23 million in the previous corresponding period. Operating
        269 words
      • Article
        L&M posts better turnover and profits
        243 20 SINGAPORE Specialist contractor L&M Group Investments' latest interim group net earnings improved to $871,000 from $185,000. For the six months to June 30, the cbnstruction group posted a one-third rise in turnover to $178.85 million. On a full-year basis, analysts polled previously by The
        243 words
      • .
        • Article
          $344,000 loss for General Magnetics
          111 20 SINGAPORE Audio cassette maker General Magnetics remained in the red at half-time, with a $344,000 net loss for the six months to June. While turnover increased 28 per cent to $27.75 million, the bottom line was pulled down by a $4.53 million depreciation and amortisation
          111 words
        • Article
          C K Tang chairman retires
          44 20 SINGAPORE Retailer C K Tang says Tang Un Tien, alias Tang Choon Keng, retired as chairman and director but was appointed group president, effective from last Saturday. Also effective on the same day, Tang Wee Sung was appointed chairman.
          44 words
        • Article
          Correction & Clarification
          41 20 Correction Clarification IN AN MBT article published in Business Times yesterday, it was reported wrongly that Malaysian firm Kemayan Corp had recommended a final gross dividend of SO sen. It has since been clarified that the dividend recommended is 0.5 sen.
          41 words
      • Article
        Lock icon New World to sell infrastructure assets
        63 22 Bloomberg Business News HONGKONG New World Development Co Ltd plans to sell to the public infrastructure assets worth HKJ7.B6 billion (S$ 1.47 billion) as part of its reorganisation, the South China Morning Post reported. The Hongkong-based real-estate company will also acquire property and industrial
        Bloomberg Business News  -  63 words
      • Article
        Lock icon Chinese medicine companies merge
        90 22 Bloomberg Business News HONGKONG Tung Fong Hung Holdings, a Chinese medicine and health food retailer, said it is making a takeover bid for Nam Pei Hong Holdings, another Chinese medicine company. Tung Fong Hung has offered Nam Pei Hong shareholders one Tung Fong Hung share and
        Bloomberg Business News  -  90 words
      • Article
        Lock icon Hays pre-tax rises 26% to £110m
        75 22 Bloomberg Business News LONDON Hays pic said pre-tax profit for fiscal 1995 rose 26 per cent as all three of its main business areas showed improvement. The distribution, staff recruitment and commercial services company said pre-tax profit for the year ended June 30 climbed
        Bloomberg Business News  -  75 words
      • Article
        Lock icon Microsoft's latest weapon
        78 22 Reuter SEATTLE Microsoft Corp is set to announce a new joystick, seen as the company's latest weapon in a battle to lure video game enthusiasts to personal computers, officials said yesterday. The product, part of a growing line of Microsoft hardware peripherals for the consumer market, is
        Reuter  -  78 words
      • Article
        Lock icon Nat West trying to sell all or part of its US consumer bank
        438 22 Bloomberg Business News JERSEY CITY, New Jersey National Westminster Bank pic is trying to sell all or part of its US consumer bank, National Westminster Bancorp, according to people familiar with the situation. New Jersey-based Nat West
        Bloomberg Business News  -  438 words
      • Article, Illustration
        Lock icon Higher profits crucial for News Corp: Murdoch
        495 22 Reuter SYDNEY Global media group News Corp Ltd chairman and chief executive Ru- > pert Murdoch said News Corp > must continue to drive up profits to back up the company's risk-taking and react to opportunities. "We must drive up our profits to
        Reuter  -  495 words
      • Article
        S'porean Liu Chee Ming quits Jardine Fleming
        259 22  -  By! Shiv Taneja SINGAPORE Liu Chee Ming, the first Asian to get onto the main board of Jardine Fleming, has decided to call it a day at the Hongkongbased merchant banking group. Mr Liu, a Singaporean who oversees JFs corporate finance activities, is
        259 words
      • Article
        Lock icon Talk of reshuffle in Nikkei components sparks speculative trade
        311 22 Reuter TOKYO The possibility of a reshuffle of shares in the benchmark 225-share Nikkei Average next month is triggering speculative activity in some stocks, traders said. Some believe shares such as East Japan Railway Co and Marui Co Ltd may be
        Reuter  -  311 words
      • Article
        Lock icon Hanson to buy surplus power plant from PowerGen
        237 22 Reuter LONDON Britain's Hanson pic said yesterday it has agreed to pay an initial £200 million (Ss44B million) to Power Gen pic for the generating plant which Power Gen has been forced to sell by industry regulators. Hanson is effecting the deal
        Reuter  -  237 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon China bank plans HK$1.2b bond sale in Hongkong
        366 23 First HK$ issue by state-owned entity a big step forward, say bankers Bloomberg Business News HONGKONG People's Construction Bank of China plans to sell HKSI.2 billion (***** million) of floating-rate notes in a sale that may boost Hongkong's bond market. PCBC will
        Bloomberg Business News  -  366 words
      • Article
        OUB to set up Labuan branch
        125 23 SINGAPORE The Overseas Union Bank has joined the other Big Four local banks in setting up a branch in Labuan the fledgling offshore financial centre being promoted by the East Malaysian state of Sabah. OUB said yesterday it had received approval from Bank Negara
        125 words
      • Article
        Lock icon HK Bank's FRCD issues total a record-breaking HK$7.2b
        282 23 SCMP HONGKONG Hongkong Bank's successful HK$2 billion (***** million) debt issue has boosted it to a record breaking HKS7.2 billion worth of float-ing-rate certificate of deposit (FRCD) issues, all of which qualify for the Hongkong Monetary Authority's repo facility. The bank's latest
        SCMP  -  282 words
      • Article
        Lock icon Taipei central bank officials favour easier bond conversion
        142 23 Reuter TAIPEI A newspaper here quoted unnamed central bank officials as saying that convertible bonds should be freed from restrictions that delay their conversion into stocks. The Commercial Times quoted the officials as saying that investors should have the right to convert
        Reuter  -  142 words
      • Article, Illustration
        Lock icon Recharging for next $ onslaught
        35 23 Recharging for next onslaught AFP TOKYO a quick bite at a foreign currency brokerage in Tokyo. The US dollar lerda> opened in the 104.43-104.4# yen range, up 1.63 yen from the previous week's finish. AFP
        AFP  -  35 words
      • SMALL CHANGE
        • Article
          Lock icon Bond auction expected to be inactive
          66 23 Reuter TAIPEI The Taiwan government's auction of NTS 10 billion (SSSIO million) in 15-year government construction bonds today is expected to be inactive amid tight liquidity in the money market, bond dealers said. The average yield for the 15-year bonds is seen at between
          Reuter  -  66 words
        • Article
          Lock icon Daiwa Bank opens Manila office
          51 23 AFP MANILA Daiwa Bank will open a representative office here following the approval of its application by the Philippine Monetary Board, the central bank said yesterday. Daiwa Bank, based in Osaka, Japan, has commercial relations with major Philippine companies, central bank Governor Gabriel Singson said.
          AFP  -  51 words
        • Article
          Lock icon SocGen sets up branch in Shanghai
          48 23 Reuter SHANGHAI Societe Gencrale has formally opened a branch in Shanghai, its fifth in China after Beijing, Guangzhou, Shenzhen and Tianjin. France's largest privatised banking group also has a representative office in Wuhan. The Shanghai branch will offer full banking services. Reuter
          Reuter  -  48 words
        • Article
          Lock icon Delphi, IBM to market to insurers
          79 23 Reuter ROLLING MEADOWS, Illinois Delphi Information Systems Inc said it entered an alliance with International Business Machines Corp under which the two companies will jointly market their products to the distribution segment of the insurance industry. Delphi and IBM will market Delphi's agency management
          Reuter  -  79 words
      • Article
        Lock icon World Bank starts repo market for DM bonds
        294 23 Bloomberg Business News TOKYO The World Bank said it will appoint seven companies to make a market in repurchase agreements for the three billion German marks (552.9 billion) worth of series four seven-year bonds it will sell this week. A repurchase agreement,
        Bloomberg Business News  -  294 words
      • Article, Illustration
        Lock icon Premature to say oil supply mil go up, says Opec chief
        575 24 Rceter SINGAPORE Opec secre-tary-general Rilwanu Lukman said the organisation would be responsible in setting its production and does not intend to "open the taps" to let more oil flow into the market. "We exercise restraint for the interest of
        Rceter  -  575 words
      • Article
        Lock icon Aussie wheat board cuts crop forecast
        242 24 Bloomberg Business News CANBERRA The Australian Wheat Board has cut its forecast for this year's national crop by 250,000 tonnes, citing frosts two weeks ago. Although still unofficial, the forecast would take the board's national forecast to 16.3 million tonnes from the previous estimate
        Bloomberg Business News  -  242 words
      • Article
        Lock icon Uncertain trend for Asian palm prices
        323 24 Players said to be looking to KL meeting this week for direction Reuter KUALA LUMPUR There is no clear trend for Asian palm and laurics oils, with the outcome of the World Oilseed Congress in Malaysia this week possibly providing market direction, regional traders
        Reuter  -  323 words
      • Article
        Lock icon High oil prices boost Gulf exports to US
        321 24 ENERGY REPORT AFP ABU DHABI A surge in oil prices in the first half of 1995 boosted Gulf Arab exports to the US while its sales to them benefited from the strong Japanese yen, official figures showed yesterday. Exports by the six-nation
        AFP  -  321 words
      • Article
        Lock icon Untitled
        177 24 Reuter LONDON The dollar slipped below the 104 yen level in early European trade after touching an overnight high of 104.50. The dollar failed to maintain the 104 yen mark despite talk that the Bank of Japan was buying dollars at the 103.*****.00 yen level. "The market looks a bit
        Reuter  -  177 words
      • Article
        Lock icon Untitled
        87 24 AFP NEW YORK The dollar was irregular in early morning trading here, falling against the yen and German mark because of profit-taking. The dollar faced serious resistance in Asia when it reached the 104-yen and 1.4940-mark levels, triggering profit-taking here. Around 1430 GMT, the dollar was trading at 103.39 yen,
        AFP  -  87 words
      • Article, Illustration
        Untitled
        1128 24 index cntcntatrd ngntnst S'porr't tap 14 trading pmtmis. Base ytnr IW USS/SS forward r*tw Noon Sep 18 SI WU CNhr 1-month 1.4412 1.4427 2-raoath 1.4371 1.499] Vmooth 1.4341 1.4363 6-momh 1.4230 ***** Source: OCBC FOREIGN CURRENCY NOTE RATES As at m tap It: Stanpon ioMin to tat uit of hn(1|I
        1,128 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, JGB up as Nikkei profits pour in
        1366 25 Reuter SINGAPORE Simex Euroyen futures and Japanese government bonds (JGB) firmed slightly as investors poured money into them after taking profits on the Nikkei stock index ahead of the end of the Japanese financial half-year. EurodoUar futures were a little weaker in
        Reuter  -  1,366 words
      • Article
        Tokyo rubber soars as yen plunges
        674 25 itMMJOOITYNtPORT! Rwbbr TOKYO; All Tokyo rubber futures contracts dosed sharply higher on active buying by individual investors, triggered by the yen's plunge against the dollar over the long weekend here. Prices were 4.4 to 5.6 yen per kg higher, and benchmark February was up
        674 words
      • Article
        Copper records supply deficit
        114 25 LONDON The world copper market is estimated to have recorded a supply deficit of 373,000 tonnes in the first six months of this year. Consumption in January-June is estimated to have totalled 6.074 million tonnes, compared with 5.823 million in the same period of 1994. Total
        114 words
      • Article
        BHP gold, copper, oil output tumble
        152 25 TOKYO Production of copper from mines owned by Australia's Broken Hill Proprietary in Chile, Canada and Papua New Guinea tumbled in August, the company said yesterday. Production of gold, crude oil and natural gas also fell in August, while output of iron ore and
        152 words
      • Article
        China steel product Imports plunge
        79 25 HONGKONG China's steel product imports fell 43.4 per cent in January-August from the same period last year to stand at 8.46 million tonnes, the Beijing-backed Ta Kung Poo newspaper reported yesterday. Meanwhile, steel product exports increased 3.3 times to 4 million tonnes, the report said.
        79 words
    • Article
      COMMODITY PRICES
      1388 25 SICOM Fitwn 52m flu lag m at LMpa) W« 1C—tract (S centi/kg) Close Volume Open MoMk High Low Sea (tonnes) I Merest Oct 9S 194.00 191.00 192 50 373 1600 No* 191 00 191 00 190 50 350 1225 OK ***** 190 00 I90.J0 100 1475 Jan/Mar 96
      1,388 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        993 26 +0.3 STOCK prices reached an 18month high yesterday with movement limited to specific stocks in an otherwise steady day's trading. "Markets were pretty steady on Friday evening overseas, so there was no real reason for our market to roar ahead today," a dealer said. The All Ordinaries Index, edged
        993 words
      • Article
        Manila
        558 26 •1.69 Share prices fell as the market consolidated after a three-day rally last week. The PSE Composite Index lost 1.69 points to 2,755.74. Turnover was 10.69 billion shares valued at 1.76 billion. Philippine Long Distance Telephone gained 30 pesos to 1,775. Food giant San Miguel A shares stayed flat
        558 words
      • Article
        Taipei
        478 26 +77.61 Share prices finished higher in active trading, with all eight major categories posting gains. "Strong buying by institu- tional investors contributed to the market's rally," said a dealer. The 321-issue Weighted Price Index rose 77.61 to 5,040.15 points. Turnover was 951 million shares worth NTS3O.3 billion. Gains beat
        478 words
      • Article
        Seoul
        466 26 4-4.64 Stock prices punched through the 1,000-point level yesterday, on the back of a continued rally of telecom shares, dealers said. The Composite Price Index climbed 4.64 points to 1000.21. Turnover was 57.15 milljon shares worth 983.79 billion won. Advancers overwhelmed decliners 602 to 53, with 119 others remaining
        466 words
      • Article
        New Zealand
        319 26 -1-6.18 Stocks rose as interest rates fell, making the yields available from equities appear relatively more attractive compared with bank bill investments. Telecom and Ports of Auckland, both stocks which many investors hold for their steadily increasing yields, were among the day's gainers. Offsetting gainers, retailers Whitcoulls Group
        319 words
      • Article
        Bombay
        117 26 •1.30 Share prices finished lower in lacklustre trading with most participants staying on the sidelines, brokers said. The 30-share BSE Index dropped 1.30 points to 3,370.36. The 100-stock National Index closed down 2.40 to 1,550.16. "There was absolutely nothing to drive the market, said a broker. "Quite a dull
        117 words
    • WORLD STOCK MARKETS
      • Article
        London
        734 26 •31.3 EQUITIES finished sharply lower, unsettled by a larger-than-expected rise in the UK public sector borrowing requirement (PSBR) and a weak start on Wall Street. "The market didn't like the PSBR figures. They hit both gilts and shares. The feeling is that the Chancellor of the Exchequer, Kenneth Clarke,
        734 words
      • Article
        Paris
        131 26 -8.23 French stocks fell, with shares in Eurotunnel leading the core index lower, amid growing concerns tomorrow's announcement of the government's 1996 budget will disappoint. Eurotunnel shares plunged 16 per cent, bringing its three-day loss to more than 30 per cent. The CAC Index fell 8.23 points to 1,871.74,
        131 words
      • Article
        Frankfurt
        175 26 -13.87 German stocks fell, pulled lower by computer software house SAP, which yesterday replaced engineering company Deutsche Babcock in the DAX-30 Index. SAP led the decline, falling 11.50 marks, or 4.7 per cent, to 2,32.50, on concern in the US that technology company earnings in general may not meet
        175 words
      • Article
        Brussels
        183 26 6.7S Belgian shares followed Wall Street and other European exchanges lower in strong volume boosted by 250 Bcl-20 baskets being traded, traders said. The Bel-20 Index ended 6.75 points lower at 1,482.29 with volume totalling 4.5 billion francs. "Most of that was in Bel-20 baskets. For the rest the
        183 words
      • Article
        Milan
        179 26 +38 Italian shares closed with pared gains as investors worried about rising Italian inflation September, while a faltering start to Wall Street this afternoon put a tarnish on the first day of the monthly account. The market opened strongly in the morning, but concern that preliminary data for Italian
        179 words
      • Article
        Amsterdam
        229 26 -2.95 Dutch stocks closed lower for the first time in seven sessions as shares of Royal Dutch Petroleum, which weigh heavily in key indexes, traded ex-dividend. The EOE Index fell 2.95 points at 469.77. Among the 25 index stocks, 18 fell, five rose and two closed unchanged. About 9.0
        229 words
      • Article
        Stockholm
        114 26 -13.27 Swedish stocks closed lower following the weekend's protest vote in the European Union parliamentary election and a breakdown of wage talks between Sweden's public sector employers and unions. Domestic issues rather than Wall Street will dictate the next moves of the market and the disappointment of the EU
        114 words
      • Article
        Zurich
        219 26 •17.3 Swiss shares ended a quiet day lower in line with most European markets. Volumes were low, dealers said, noting that profit taking and a weaker start on Wall Street were the main reasons for the slip. The blue-chip SMI Index fell 17.3 points to 3,008.1. The all-share SPI
        219 words
      • Article
        Johannesburg
        306 26 •9.7 Shares slipped in lethargic trade, dragged down by a lacklustre gold price and taking a breather after Friday's volatile session. Dealers said sentiment was neutral and a lack of interest was pulling the market lower in typically quiet Monday trade. The Overall Index closed off 14 points to
        306 words
      • Article
        Toronto
        201 26 •7.0 Stocks fell early along with Wall Street, but the decline was restrained by rallying gold shares. The TSE 300 Composite Index dropped 7.0 points to 4,553.80 on volume of 12.5 million shares valued at CsloB.oo million. Falls beat risers 203 to 167, with 237 issues unchanged. Toronto Sep
        201 words
      • Article
        New York
        721 26 •36.67 Stock prices turned sharply lower in active trading as sell programs exacerbated early losses fuelled by weakness in bond prices. The Dow Jones Industrial Average, which eased 4.23 points on Friday, was down 36.67 to 4,760.90 at 1 lam EDT. An early round of computer-driven sell programs
        721 words
      • Article
        Untitled
        690 26 Britannia Funds SMriiaiCash BM Oder Ma Cap Deport 3(6400 3( 6300 Mia taw <5* AIM) 0 1992 Mia Man Income *0 *300 ****** US$ Cash Income Plus Fund 9.7700 10 3000 PS S Reserve Fund *5 5600 *5.5700 Stcrttaa E^kjr Euro Performance .0.4)92 0.4931 Far Em Fund *2 76)0 *2
        690 words
    • Article, Illustration
      Lock icon HONGKONG
      2430 27 Bloomberg Business News HONGKONG Stocks closed mixed after rising to their highest levels this year, amid concern that earnings will not grow fast enough to satisfy investors. Many investors were reluctant to buy after the main index rose 4.3 per cent last week amid optimism that a slowing US
      Bloomberg Business News; Source: Bridge Info  -  2,430 words
    • Article, Illustration
      Lock icon CHINA
      584 27 CLSA IN Hongkong, the H share index lost 24.16 points at 1,039.96 on a turnover of HKS4.6 million. Hai Xing Shipping was the most heavily traded counter. It ended the day 2.4 per cent lower. The b*st performer was Dongfang Electric, up 6.4 per cent. Turnover on the Shanghai
      CLSA  -  584 words
    • Article, Illustration
      Lock icon TOKYO
      2310 27 TOKYO Stocks fell by more than 2 per cent yesterday after gloomy statements by Apple Computer darkened the outlook for companies feeding US demand for high-tech goods. "High-techs are getting sold off, and that may be due in part to the sell-off in those shares at the end of
      Source: Bridge Info  -  2,310 words
    • Article, Illustration
      Lock icon BANGKOK
      1457 27 Reuter BANGKOK Stocks finished mixed in moderate profit taking on last week's sharp advance but brokers said the rally triggered by increased foreign buying may resume after a short break. The SET Index closed 0.59 point up at 1,338.21 on a 5.93 billion baht turnover. Losers led winners 171
      Reuter; Source: Bridge Info  -  1,457 words
    • Article, Illustration
      Lock icon JAKARTA
      1058 27 Reuter JAKARTA Share prices finished the day mixed, while most players kept their focus on small issues due to market talk of expected strong earnings growth in the issues, brokers said. The Composite Index fell 1.11 points to 494.21. "Market talk of an expected strong earnings growth pushed small
      Reuter; Source: Bridge Info  -  1,058 words
    • Article
      CLOB INTERNATIONAL
      2384 28 Gr Gf IW Lam V«l Dm LMQMe Dh DIi VH Net MOf \Mm Sua Crnmm Srtt COM) High Lot Bayer Sato CV r/fc Mi MALAYSIAN STOCKS 471 1% m 5000 AIS8 50c 392 4 34 396 J90 MO 392 10 -19 Oi2 402.0 127 TTJ 5001 AMDBSOc 92
      2,384 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks mixed as players mull over economic woes
        6109 28 Bloomberg Business News KUALA LUMPUR Stocks were mixed yesterday as Telekom Malaysia supported the benchmark index, balancing declines in blue chips caused by news that the trade deficit ballooned in the first half of 1995. Telekom Malaysia rose 80 sen to MS
        Bloomberg Business News; Source: Bridge Info  -  6,109 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7710 29 Gr Gr M Wl uua. 1995 Last Val Day LaalQuete M< Dh VM No Cap A»f H%h Lot Staa Campaay Sab CM*) H%h Lao Bayer Safer CV P/l tmil hin MMiSTRlAL AND COMMERCIAL 212 i!9 ,2M AcCT US 189 wi +3 1426 189 185 188 189 12.8 312.9 520 382
        7,710 words
      • Article, Illustration
        Lock icon Friday's bounce gives way to lacklustre trading
        1807 30  -  By R Sivanithy SINGAPORE Interest in US dollar issues provided the only talking point yesterday on what was otherwise a poor day for the local stock market. Sesdaq was generally weaker, while demand for blue chips tapered off sharply at the end of
        Charts by Bridge Info; Source: Bloomberg  -  1,807 words
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      494 20 8 EASY STEPS TO TONE IN TO Premiere 12 TV Receivers (Manuel) Select an empty (spare) channel by pushing the respective push button oi, on the TV receiver, _<D Press Presetbutton to £f. <D TO™ the AFT/AFC switch (if there is one) to eft. v Select the band (VHFfH] or
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      91 20 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 arc available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
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      452 21 BBBfr- >• ..t.. .1 v?> v IH —-t t IH I m^M HHP I BHHBHBI In ___Jlb w With pieasure we Home to one of Asia stop agribusinesses Q f Asia Group of Companies, has been awarded the SISIR ISO 9002 certificate for the manufacture of k nutritional, medicated premixes
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      218 22 t I i I < rtMßi A Marriage Of Minds. ICL makes high-performance personal computers European style and user-focused design and and servers which look superb and are delightful they're available at affordable prices. to use. Fujitsu is renowned for its technical ir excellence. ICL is now a member of
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      36 23 l jjl FRUSTRATING J m, NUTES FROM hfiLy i tmrot BBb Btt Hp J cracker'S fiflH language WILL B^^^B i^^B have KBh jjH I a H discovered why BB wM jnß HkH businesses telephone 292 8421
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      96 24 X He did for Liz Taylor and Joan Collins what numerous husbands couldn't. Mfcl' To find out what world tantalisingly tasty menu which renowned chef Anton Mosimann mincludes many of Mr Mosimann s can do for you, simply make celebrated dishes. So as you your way to Maxims de Paris
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      47 24 You may haw baan unabto to gtl your Oualnaaa Tlmw, Straits Tlmaa, Sunday Tlmaa, LianHa and othar daily nawapapara from your uaual nawaland bacauaa of tha hlghar damand lataly. To anaura a daHy oopy, oal Cuatomar Sarvtoaa Sactton on 1800-749-2677, and aakfor homa or ofllca datvary aarvtoa.
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      40 25 FREE imgstaiMENM&MiNAR SEPTEMBER 19, 1995 BRITISH CLUB STUART ROOM 7:30 PM CALL NOW FOR RESERVATIONS, LIMITED SEATING FOYNTON ASIA PTE LTD PHONE 536-9718 PAX 534-S72S To crack the safe or enter Mrs Wizard's crystal ball, call Tele-Games on 1900-911-0003, rts£d£tks
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      12 25 •As and when the latest 1 imirm' Rotterdam prices are aot available.
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      88 26 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers
      88 words
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      26 27 ACTAL NEUTRALISES STOMACH ACID. Actal neutralises stomach acid, giving quick relief from stomach discomfort, A. Sterling gastric pain, indiges- Health tion and heartburn, msz x a
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      113 30 ■p ii pyp^^H <^HP^ '^wrSMr rar Ss?A /Wsmm&Bkm :tl jhS^H! SINGAPORE TO BANGKOK. FOUR TIMES DAILY. this for perfect timing. With four direct flights to Bangkok everyday, you can arrive at this vibrant capital without racing against the clock.Take your pick, from our B:3oam, 12:55pm, 7:25pm and B:4opm flights. On
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      62 30 »mnw Closing Shara Ncm 11/09/IH6 CLOM HW LOW NMM ,ny, UM UM UM UM r mnimmmi I.MO 7.90 TJtm im reooul Jwam a-M UO UO Ml LWJ MnrNm O.MC O.M O.M O.MC SSjLS L—* I.M 1.®7 I.M Ut E2BQSB Mlliiirti titaW O.MS O.MI O.MO 0.«7« 0.4S 0.4 a 041 lit
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  • Shipping Times
    • Article
      Lock icon DAILY FREIGHT
      496 31 Knight-Ridder, Reuter THE dry cargo market is still showing a mixture of trends but bears remain predominant with the Baltic Freight Index (BF1) down six points to 2,000. Losses totalled 48 points on the week. The pace of decline for panamaxes in the transatlantic trades shows signs of
      Knight-Ridder,; Reuter  -  496 words
    • Article
      World tanker fleet shrinks for second consecutive half year
      322 31 HONGKONG The world's tanker fleet declined for the second successive half year to June, according to London tanker brokers Jacobs Holdings. At the end of June, the world commercial fleet of tankers of 10,000 deadweight tonnes (dwt) and larger comprised 3,031
      322 words
    • Article
      MARITIME STOCKS
      326 31 SES >000 Sep 18 +T- Vol CWT Distribution 1.51 -0.03 135 Chuan Hup Holdings 1.24 -0.01 374 Cosco Investment 116 +0.03 329 Far East Levingston 6.50 unch 153 Freight Links Express 0.725 -0.025 139 GB Holdings Ltd 1.01 -0.04 269 Hai Sun Hup Group 0.93 -0.005 452 Hitachi
      326 words
    • Article
      S'pore-Philippine venture to open oil sludge plant soon
      339 31  -  By Yong Mei Fong SINGAPORE A Singa-pore-Philippine joint venture plans to begin operations at the first oil sludge treatment facility this month. The facility, located some 56km across Manila Bay in Limay, Bataan, can treat 12,000 tonnes of bunker sludge a year.
      339 words
    • Article, Illustration
      Lock icon Freight links centre breaks new ground
      265 31 SINGAPORE Forklifts which need no drivers and an automatic racking-system scaling 30 metres high will run the show at the new Freight Links Express Logisticentre when it is completed in November next year. The six automated guided forklifts would be the first of its
      Photo by Chris Loh  -  265 words
    • Article
      NOL unlikely to reduce stake in Bara
      111 31 NEPTUNE Orient Line is unlikely to reduce its stake in Bara International Shipping, its Thai associate which planned to purchase Thai Maritime Navigation (TMN). The Thai government recently ruled out Bara's plan to acquire 25 per cent of TMN because Bara declined to
      111 words
    • Article
      Singamas Container sells part of subsidiary for US$4.8m
      366 31  -  By Rahita Elias SINGAPORE Singamas Container Holdings, which is listed in Singapore and Hongkong, has sold part of wholly owned subsidiary Singamas Refrigerated to the China Vest group for US$4.B7 million (Ss7 million). The money will be used partly to finance the
      366 words
    • Article
      Lock icon Seoul to order 5 to 10 LNG carriers
      199 31 Reuter SEOUL South Korea will place orders for five to 10 liquefied natural gas (LNG) carriers next year, a trade, industry and energy ministry official said yesterday. All the existing four LNG carriers in South Korea have been built by local yards.
      Reuter  -  199 words
    • Article
      Lock icon Polish shipyards starting merger talks
      448 31 Szczecin, Gdynia may form one of Europe's largest shipbuilding groups Lloyd's List BONN Rival Polish shipyards Szczecin and Gdynia have decided to end their war of words and start talks which could create one of the largest shipbuilding groups in Europe. Gdynia sales director Andrzej
      Lloyd's List  -  448 words
    • Article, Illustration
      True extent of piracy still hidden
      1227 32  -  More cases reported but many victims of attacks and scams still keep mum, says John Martin John Martin HT//er is regional manager of the International Maritime Bureau rHE number of incidents reported to the Regional Piracy Centre in Kuala Lumpur has dramatically increased this
      1,227 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      323 32 P>«e •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrenkiel 4 •Appenship 4 Astro 10 Austral II Avant 6 BSA II Batamindo 7 B'tang Mas 10 Bright Express 6 •CCNI 4 •CMA II •OOSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya
      323 words
    • Article
      THE SHIPPING GUIDE
      10560 38 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. ETA TO Advertiser Vessel Voyage P| m Nef it Mm j* No. A
      10,560 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        580 43 m Berth knhtl Deparfcre JllTMg Port <*J> J1 *mts*te 19.09/1800 (BT) Sunati I J1 atongsde 19.09/1000 ft*"?.. 122 J10/11 atongade 1909/0800 T 15/95 116/17 alone* 19.09/1600 ETOttston W/B 9 J2 alongside 19.09/0600 *ctay 114/15 alongside 19.09/0800 38/95 J8 alongside 1909/1000 *"«<* J2 atonp*k 19.09/2300 *«"*> 09/08/95 13
        580 words
      • Article
        CONTAINER SCHEDULES
        1561 43 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARGO ••cord 8wUn/B**e Rift? $*P »>y Hi Nrirt fr— T» frwm Aa Liwnder 0028 20/0700 1A 18/1500 18/1659 18/1*0 IB 18/1500 18/1659 18/1900 2A 18/1/00 19/0659 19/0900 2B 18/1/00 19/0(59 19/0900 3 19/0700 19/1159 19/1400 4 19/1200 19/1459 19/1700 *3 Swan
        1,561 words
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        GLOBAL HOLIDAYS
        194 43 SEP 19 Chile: Armed Forces Day. SEP 24 brad: Jewish New Year (to SEPt 26). Sooth Africa: Heritage Day. SEP 25 brad: Jewish New Year (Rosh Hashana). South Africa: Holiday. SEP 26 Israel: Jewish New Year. Yobck Holiday. SEP 2S Australia: State holiday in Victoria, Melbourne Show. Taiwan:
        194 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Bitter aviation dispute looms between KL and Canberra
        393 44  -  From Florence Chong in SYDNEY AUSTRALIA faces a bitter aviation trade dispute with Malaysia over bilateral air rights after talks in Malaysia broke down last week. According to a report in The Weekend Australian, negotiations between Australia and Malaysia broke off "abruptly"
        393 words
      • Article
        Lock icon Head restraints of cars inadequate, says US insurance group
        375 44 LA Times LOS ANGELES The head restraints in your car or minivan might be next to useless in protecting against whiplash injuries, an insurance industry trade group has said. The group, the Insurance Institute for Highway Safety, said in studying 1995
        LA Times  -  375 words
      • Article
        Lock icon M'sian govt firm may build 4-seat US plane
        215 44 AP KUALA LUMPUR A Malaysian government company is looking into building a fourseat American airplane after its plans to make an Australian light plane ran into a technical hitch, the national news agency reported on Sunday. The Bernama agency quoted Chen Lip
        AP  -  215 words
      • Article
        Lock icon Mechanical fault ruled out in MAS crash
        224 44 AFP KUALA LUMPUR Investigators have ruled out mechanical failure as the cause of the country's second worst air disaster which killed 34 people aboard a Malaysia Airlines (MAS) plane, news reports said yesterday. "The survivors have been interviewed and they said there was
        AFP  -  224 words
      • Article
        Lock icon Major car parts makers seek joint ventures in India
        315 44 Reuter NEW DELHI Leading car parts makers are increasingly turning to India for low-cost supplies, taking advantage of openings created by free-mar-ket reforms, industry officials say. "The overseas component manufacturers have actively started seeking Indian partners for joint ventures," D K
        Reuter  -  315 words
      • Article
        Lock icon 5b-baht budget for road, rail links
        105 44 Knight-Ridder Thailand will spend more than 5 billion baht (SS2BS million) to build new road and rail routes in its southern provinces to improve land links with Malaysia and Singapore, the ihailand Times said on Sunday. The new road will be built parallel to
        Knight-Ridder  -  105 words
      • Article
        Lock icon Nissan plans to expand £1b-plant
        86 44 Reuter LONDON Japanese carmaker Nissan Motor Co was set to announce a major expansion of its £1 billion (5J2.2 billion) plant at Sunderland, north-east England, yesterday, the Evening Stanr newspaper said. A spokesman for Nissan said he could not confirm the report, which said the
        Reuter  -  86 words
      • Article
        Lock icon Merc plans non-guzzling 3-1 model
        77 44 Reuter Mercedes-Benz AG, the car-making subsidiary orDaimler Benz AG, told a German newspaper that it planned to in 1998 that would four litres of a fuel per 100 kilometres. Juergen Hubbert, Mercedes board member responsible for passenger cars, told Saturday's Frankfurt Allgemeine Zeitung that the
        Reuter  -  77 words
      • Article
        Lock icon China opens longest desert highway
        88 44 Reuter A desert highway, the world's longest, opened to ranc in China's north-west oil-rich Xinjiang region, the semi-of-ficial China News Service reported yesterday. The Taklamakan d«ert highway, which measures 519 km, was completed ahead of schedule on Sep 4, the agency said. The highway cuts
        Reuter  -  88 words
      • Article
        Lock icon FAA developing new type of air traffic control
        352 44 AP WASHINGTON The Federal Aviation Administration (FAA) is developing a revolutionary new system of air traffic control that would replace ageing radar, radio and computer equipment that has been breaking down with increasing frequency, sometimes leaving pilots groping for guidance. The new
        AP  -  352 words
      • Article
        AIRCRAFT ARRIVALS A DEPARTURES
        1312 44 nm ra mm n» SQ441 1506 SQ228 2120 RJ188 1325 KLS43 0455 KL844 0110 SQ323 0745 GA8B6 0235 MJB37 1450 KL838 2300 SQ324 2330 G*892 2350 mi SQ288 2040 SO285 2Q45 S«ri k|M 8M21 1105 SQ182 0615 SQI8I 1410 BM22 1210 BU29 2118 M?906 1150 W907
        1,312 words
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      62 31 100 years of Swedish traditions. Spares engineering services for B&W T23, V 23, L23/S2B, V2B L2B Please contact sole agent (S.E.A.) Blue Marine Tech Services Pte Ltd (S'pore) Tel: *****13/*****09 Fax: *****20 (Distributors required for Thailand, Hong Kong, Indonesia, Malaysia, Philippines, Taiwan China) M True extent of piracy still hidden:
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      443 31 LAW PAGE Every Thursclciy in Business Times I [BULLETIN BO A~R~Pl tartness process t g— m merican President Lines has appointed four viceM J presidents responsible for the carrier's core ■business processes worldwide. They are Keith r Madda, vice-president for sales; Michael Nelson, vice -president for marketing. Bob Papworth, vice-president
      443 words
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      211 32 Lkwt and ~r,x« b,l Member! of the Registry of Accredited Shipping Agents, Singapore National vXEmJ/ T! efcfppfftj Association f or dtfvertttfng enquiries, contact Shipping Times: r«f 740-2089 PORT shots: The latest in sea, air and land transportation Shipping Times 2. Monday to Friday j BusmessDmK i\ HBUFFALO 2V09 28/06 ft*iVAtw/UK/N*«M
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      1048 33 1 mOHC SOUTH WIST BPtiSS (MKfCD I vor I ana I swot lui oa I <a I I en 1 n I won I iwc I —i NlHfrtffW NKMCk 1M I Mj%t I lt/>t I 11/lt I 17/10 I 11/lt IT/11 11.1 l I 14/14 71/14 22/14 a/M Hinmrm uT"
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      1093 33 I HANJIN SHIPPING I USA CANADA I p-ww w mjmmir «*|«|^|o,| > n| H t|„,| w \wk m m In m m m m S I I I U/ n/n iyw )*/u n/w .yw it/x iyw iy/w i;/it is/w is/u JI m 7 1 11/11 -Wj! Wj?_ _w* ww a/n
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      593 34 ll w* NMI ma Ml m stw pjbms sm ms uo no m tm |m wgaowgs rn m m iiE~ mE~ ~iP~ Tiff" < JBS* w a/j in tut \v> uft nft~ "T~ whitS"! ™raj jgw zjj MI —r-Kgr-h£H WMBWrOWB tl/04 itt HST M igj~ tl* jyT IBj~ T—h^l <
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      950 34 I NOR ASIA L VOUT MN ALfl LAB ML VAL NAM MM NOT ANT FB. INA MMMMMM MJ74 tXM WW M WW HfN WW WW W1- 17/W 17/W WW MMMNWUM WW WW WW IW IVW WW WW ST. 122! 22! 252? ni w" w" w" wn wn am wn *****2"
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      481 34 JAPAN/HONOKOmSSTIIAfTS RSOULAR SERVICE LOAOINO FOR PORT KLANO/PENANO «Bsa W rrom JSSS Hi JUPITHI l UB If MPT wpoabbb j n» n» am a» lctm m_ am um oomjm _i am j a«p JUUPAOHC I Mg 77 MP almw t a» a«p wwibo a nm woct ■AMUUMMMW 1 a» HOCT BYOIM
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      1145 35 PW STRAITS SHIPPING PTE LTD mam mm it nm cm«a« m* #11-01 Ksppsi Tmn fIHLaV Siiflaptra I2M Tbl: *****88 Fai: *****17 $ST M SAIL 001 ST*MTSIM« W» Man, RX.Uk tl-22ta aus MM L--:- 1 SIRNTS VENTURE VKI4E O, Ma, Mi 23(8k| MS# »S* Wl lll—W IMII 111 TOWPIMNWO4—A STRNTSSMR mm
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      Page 35 Advertisements Column 2
      1706 35 VttL B&O Containers First Class Connections WORLDWIDE Tel: 225 2233. Tete^PNOOF?F«^ I S 1 5^7^7517 CR Nuben 1049W *****Z cypORT ■iinrmi —T ftAyw<i Wwvm mm wo* pHamane Isou mtt mar mm oot om lim REQMA MABMK MlO 10/ M 1«M 21/09 0000 11/10 1300 *gg* JW* ZM OOT MIT NAM
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      Page 35 Advertisements Column 3
      310 35 MMIMZHMOM ISM MM|MM| U 21M 2tM MM MM OVM Htt OVM JmT NMMHM2IIM2 17M tM Ml fl-HM *SS~ "S5~ ~HM~ "MM 7SS~ "IVM~ W* W HAMMBMH2 MM |21M| 22-2SM >71 M IVK Wl 1W ttH IW M It/W MM NM 222 MOM MM 21M123M| MM M M IVN M WN
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      1038 36 •HB I I H 51#] rUT-l RDM ANW HM TOP LHV LHV TOP ROM ANW HSG PUL MP I E. GENERAL RW-843 24/1 18/18 18/18 17/11 11/11 E. GARLAND RE-841 SI til 2M 2M 1M 2M E ROUND RW-tl7 3H MM {1/11 22/10 2VII 2VII E. GIANT RE-011 3M 31/1
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      676 36 QULFXCE ■vcssa VOY 55 33 ST MM t» Sri M 1 Sownf™ orisS trS! im! 11/11 i«nt ani zvm IviS I ■uncrown MMnw urn mm w» mm om am ant JMM ACgPMM lUIO HMMMMM Ma MJM MM. MMCffIMM QMOM). Ml MUM MMI MM MTMMOMMMMJOMgrMMIMMMO I I w TUW I Icmom
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      Page 36 Advertisements Column 3
      537 36 UTEL *****33 (12 UNES) FAX: *****18/*****03 TELEX: R8 ***** ROMP (3 Unao) CW NO: **********0E m ETMHMI SMP?M IMB z r Uoa* of BHmM "v ACCEPTING FCL AMD CONVENTIONAL Voy NTA I nw*n tor >^ofn^-D)txx 1 IMmml 40WB 07/12 H KIENHUNBLWE FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING BOTH FCL/LCL ALSO
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      1569 37 TO VARNA, ODESSA AND COMTANTZA VIA LMASSOL Hffnt enft! At—a M (Oumtl): mitm MMMM* »f*r Oft: COSTAR SHIPPING PTE LTD f c~t*mr mtui/u* ow„ w ..-<««/,, iitMM Wntnm Cotmr cimmnmi/ «hn* tuouuin cSmStSrSmrM Mi Ml T&wtr ailh: timmm M ruHUIN Irwtflt f rt Itn4M<7H f iris?!! KN fgjj-'ggf. JOHOHt OfFICI
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      741 37 HEUNG-A SHIPPING (Korean flag) II I CR NO: **********0 M I iwcwnwiwiiiatnMß l woMapmcnpHßsw 1 mm***. Ivor m |i«o|ll[jw|i»[h»|* [mm Ifioaim 1 yor Itl m I {ft |wa mc J33L_ JiZfL J9/W b/B. JSM. J3ZIIJSZI! J*Z!t JZZIL crgfiss 1 mil li/w u/w hum [24/wl3O/w gjijg i*/w 24/09 nm mm o;/io
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      524 37 (g FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) I WE PROVIDE 1 Weekly Sailing DIRECT CONSOL HAIFA ASHDOD also accepting cargoes to TEL AVIV, JERUSALEM, REHOVOT BEER-SHEVA RISHON-LEZION I Call us for details *****33 Ken/Sylvia/Ramlah Imah/Molly (10 LINES) J. BAHRU PH: Q207-999TU99 SmaSRA:
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      810 40 VtB«L VOY Mi JKT >' I VOY WW PEN |vssEl TvOY SM BKK WANABHUM 2828 Wad 1 20/00 Sat [23/00 OORU BHUM 8141 Thu 21/08~ Sat 2Vm~ 4 QOOO EASY* 143 Fri Tim *um ITHAMA BHUM I 136N 25/00 Wtd 27/09 H RATMABMUW m— Tua |mm .sat 123/08 I akabhum
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      Page 40 Advertisements Column 2
      66 40 ASTRO SHIPPING PTE LTD ACCEPTS FCL AND LCL TO FOR ENQUIRIES PLEASE CALL: 220-6045 (8 LINES) FAX: 220-4741 GATEWEST SHIPPING PTE LTD W AUSTRALIAN SERVICE VESSEL P. KLANQ SM K.KBARU ORB SYO MELS socoapearlv-23/uhwo ant oyii 17/ is anozyio SOSSASH» 9FORE BONUNB NAVMATION PTE LTD TIL DM73I, FAX: *****1* PORT
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      Page 40 Advertisements Column 3
      228 40 UliiiunGrilav rS/CmC Shkfoma r 1 *2f TIMBER A PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PKL LOADING FOR ADRIATIC PRESTIGE SID SU) FLUfIOT/AMT/UK MARMK SLD MPT FUWWTANTA* TREASURE BLANO 2MB SIMM 82/18 FLU/ROT/ANT/UK Los is SibaMndOflttli C R NO. **********8H CONTIPAC SNIPPING PTE LTD TMi *****13/ Paw IWTIII PUC MULTVOMT
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      Page 40 Advertisements Column 4
      751 40 7t AMSOfi ROAD, #21-01, BINQAPORI 0207 CH **********0N «TWAIT«WWTTUItIHtWWI POWT KLANQ 1 PENAMO no. <cna wr mi pbi 002N 21AMTHU ~22A»FRI M DRAGONMIAS 53X 21AWTHU 23.095 AT EMOOW 102 A 21 AS THU ~*****AT XOUR SPORE ***** 23flBSAT 2SO9MQN WAO ***** 22A»f81 2409 SUN LHOTSE 5058 2409 SUN 2609 TUE
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      577 41 iBSA^ mm MYANMA «BBk FIVE STAR UNE »ymmm NMIml Um) Lnfc| IM YO»|M (>M|ih) vissa vor sm nt m m KM AH WW-.. HM-M 213W 25/09 MUYSU MOTfc MUSIIAO SMPPMO MBK» OL TH 02-93-*****00 KL TH 02-03-S7MIOI rot TH 1T44-M1244] PCS; TH M-47-*****21/4 BANK LINE (A Mnfco of AWriw Wok
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      Page 41 Advertisements Column 2
      839 41 M ADVANCE CONTAINER LINES (PTE) LTD i API 140 Cscl Street. #12-00, PB. Buttdlng, Singapore 0106 _nV LI TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CH NO. 1M*****000E lANOMK li T "jy. "PW* W MB. mai 1 ¥WI I wr I jkt mt 'StS y HI/!!? am W maw
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      698 41 liiTwrin vor m lemowe nom tikmbstort rottbhcam an™s^i vu£oeca«ua niw im» i<yw wc uno wHT ¥M£Otu»u urn 2M» 17/10 ~ww 21/w an* MLLE DC NORMA NIIW 03/10 24/10 £*0 ciiw wio 57i0 ovii oam «m 08/tjl ALSO ACCEPTMQ CARQO TO ALL UK. OESTMATIONS! 3g BCANOMAVIAN (AARHU6, COPENHAGEN, QOTHENBURQ) AND OTHER
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      661 42 AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi, Islamqala (Doqhamn) w "«"wB C.1.5./RUSSIA: Alma Ata. Ashkhabad, Baku, Dushanbe, I MHHzer A Ifcsv* Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, International rnrnmrrWg Novosibirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Mongolia: Ulaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA MM ACCWTWQ
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      Page 42 Advertisements Column 2
      451 42 ASIA HKG/TWN/BKK GENOA/EUROPE I W HG U*) 14/9 IV9 Hft l js SsXEZZi* S i S RECaYWWTP; JPtt/KORE A/MANILA I 13/9 14/9 15/9 SHANGHAI/DALIAN XtAMEM/B&JMG ManHalafea 13/9 14/9 15/9 Tokyo/Oa/Yoks 17/9 19/9 I AUSTRAUA/lgW ZEAL/UP wo 14/9 21/9 22/9 23/9 Brts IM/TAMM I 19/9 20/9 21/9 SydMy/HtibowiM J f 2Q19
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      244 42 pi^^^—— _s SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS vtssa n sm n n mm a <ua ■no nm nm a/i« ivm n/i# tint •1 'M. t •Abo cafe E.L P.E. MAUrSM AMTSc Z'. PORTKHANS 16. MAM TIL *****00 IH.-34S2SS SUOAGBfTS: KOUKMAIAUJ UMMi IEL *****7 ffik77St26 n (FOREST PROOUCTS SERVICE) EUROPE
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      103 43 A NIPPON EXPRESS (Worldwide Consolidation System) RXH> WEEKLY DEPARTURE ARRIVAL TO: Arrow U.SJL IfSMBBfI- ETSSMSAfOtf ■■■iffPPßggiMß FVHY MMMT cu long hack KVBT T)UKMT CnOKMO IYHT TUESMT Arrow Europe (17 DAYS TRANSIT ONLY) ■EJTTJJSW* nvsroif cumasTOM IVBY TIIBMY gBBffiBWM nvsToci HtMAAiIMaiMH EVBT INHSMT IttIOTTBMUi EVBT SIMMY Abo ocmf** corpo to «R
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      119 43 A—_ GOLDEN UNE > IvTSil gimngumishppmg (PTE) LTD 23, *tt MM 3MGMFONE 0104 1 IBj M43MS (10 IfCD Fac *****04 munaiMm BMJ «»wa Sim PXetang Para* OOUBIfIMCEKOTcMttmAuMft 21/22 Sep O^lOOct QOLKN WOMXR Stangha 28/29 Sep 22/24 Sep A VESSEL XntJng/Qngdao 2Q/22 Sep CQMTAIHMI ■"W" CHWBYWO X SS" UMMO 213* 27S*
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      103 43 REGIONAL WEATHER LEGEND; R Thunderstorm Ttmpwxjtur. *q V Showw w «oltvn Wind dkaction with tpMd in knot* Rain Cloudy Sky Wov "dtootW by arrows wfcicfc fly with tfc. wind Qy Or* hJ arch rapmOTts cafcn or Itfrt and voriaMo wind* On. half fWch. r«pr*Mnh 5 knot* L* Or* K4 ftech*
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      220 44 CM •BusmessTtaies m Shipping Times SSf HAI SUN HUP CO. (PTE) LTD Tenders are invited for the purchase and removal of various containers owned by Stateships of Western Australia. Containers are offered for sale "As Is Where Is" and can be inspected at their current location by arrangement with Hai
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