The Business Times, 21 September 1995

Microfilm: NL20019
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    15 1 SINGAPORE BusinessTimes WE KNOW ASIA WE KNOW ASIA MITA(P) 194/12/94 Thursday September 21 1995 85*
    15 words
  • Article
    Lock icon Dow up 17.34 points
    80 1 Reuter NEW YORK The blue-chip market shot higher yesterday, propelled by a surge in the stock of AT&T Corp after the telecommunications giant said it will split into three public companies. At 2 pm EDT, the Dow Jones was up 17.34 points at 4,784.38. In the
    Reuter  -  80 words
  • Article
    Untitled
    160 1 Stock mtM indices Wednesday Chance STI1 2,109.7 -0.70 KLSE Comp 995.91 +4.03 Nikkei 18,198.64 -275.74 Hang Seng ....9,630.96 -15.18 SET Index 1,312.47 -10.96 Jakarta Comp 492.95 -0.23 Manila Comp .....2,743.49 -7.25 Taipei WPI 4,994.39 -50.86 Saoal Comp 1,009.47 +16.9 Bomtwy BSE30 ..3,400.25 +25.15 CLSA China B 860.73 +0.15 Aust AllOrd
    160 words
  • Article
    Hyundai takes over Maxtor's Asian units and Seagate acquires Conner
    564 1  -  Reports by Claire Leow SINGAPORE The global disk drive industry is about to undergo a major reconfiguration. In two separate announcements yesterday, Hyundai Electronics said it is buying over loss-making Maxtor Peripherals' Asian factories while Seagate Technology offered to acquire
    564 words
  • Article, Illustration
    Business as usual at Maxtor: VP
    250 1 SINGAPORE There will be no immediate impact on the operations or management of Maxtor Peripherals' Asian factories following their sale to Hyundai Electronics, Maxtor vice-president for Asia Manufacturing, Patrick Ngo (right), told BT yesterday. Hyundai owns 37 per cent of Maxtor, whose key Asian
    250 words
  • Article, Illustration
    AT&T splits into 3 companies, ditches computer business
    314 1 NEW YORK In a stunning turn of events for one of the nation's best known companies, AT&T Corp will split into three companies that will see it quitting the computer manufacturing business while remaining the largest provider of long-distance service and maker
    314 words
  • Article
    HK property giant slashes flat prices in bid to beat slump
    417 1  -  From Quak Hiang Whai in HONGKONG HONGKONG property giant Wheelock has slashed the prices of new flats by as much as 22 per cent and introduced an interest-free second mortgage scheme to beat the market slump. Adding to the
    417 words
  • Article
    Cambodia to award US$150m power projects to foreign firms
    296 1  -  By Harish Mehta SINGAPORE Cambodia will award four independent power producer projects this month worth a total of US$l5O-180 million (SS2I7260 million) to companies from Malaysia, the US and Britain. Cambodian Industry Minister Pou Sothirak told Business Times the aim was
    296 words
  • Article, Illustration
    Lock icon Markets give the thumbs-down to Tokyo's 14 trillion yen package
    476 1  -  From Anthony Rowley in TOKYO THE Japanese government yesterday unveiled a 14.2 trillion yen (S$ 198 billion) economic stimulus package to boost the country's depressed economy. But while the package was larger than expected, it lacked two important and hoped-for
    Source: Bloomberg  -  476 words
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      71 1 S .■> \l u. nl BT Online Look us up at http:// www .asial xonLsg/biztimes Spore News 2.4 S'pofe*Tsa 17.18 Report News 5-8 Financial 21-23 World News 16 p^rf, Ctob/KLSE.SES. 26-28 Fwtam Regional 24 Law 15 World 24 Edrtort* 14 Currencies 21 IV/litestjte 11 Sme/Commo 7>n SafcscriftiM Tel 1800-*****77 Fu
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      46 1 Law: pg 15 Pitfalls of writing references Quek may yet snatch Pepsi from YHS And if he does so, the Malaysian tycoon is expected to parlay his considerable business connections to sew up the franchise for Indonesia and Malaysia as well. Hock Lock Siew, Pg 17
      46 words
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      18 1 Focus: Pg 13 S'pore firms' drive to go regional Icahn seeks clearance to buy RJR shares, Pg 16
      18 words
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      103 1 Line: Pg 16 management gurus? Hongkong Style I Cantonese Created Fresh Grand Pavilion invites you to a Ilong Kong style feast that satisfies +)wmi the most demanding of tastes. Our expert c/ie/s picfc only the finest and freshest ingredients of the day to ensure that your meal will be a
      103 words
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      32 1 CD-*233 Removal* CO Tune< »itn OSP Sound P"x«VK/CfUsimgef ConMbr FUjITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone; *****33 Knii Lumpur: Phone; 757 0233 Pw«|: Phone; 615 985/619 014 Jakarta: Phone; ***********8
      32 words
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  • SINGAPORE NEWS
    • Article, Illustration
      EU-Asia ties can ease impact of US-China tensions: SM
      459 2  -  World Economic Forum By Ckuang Peck Ming A BIGGER European presence in East Asia will reduce the economic impact that any China-United States turbulence will have on the rest of the region, Senior Minister Lee Kuan Yew said last night. Making
      459 words
    • Article, Illustration
      Myanmar steps into spotlight at World Economic Forum
      686 2  -  Commentary Participants leap at chance to hear first-hand account of changes in the country By Vikram Khanna SOME SOO CEOs, bankers and businessmen and legions of journalists have gathered here for the fourth Europe-East Asia Economic Summit, organised by the World Economic
      686 words
    • Article
      Lots of journalists... but where's the news?
      173 2 MEETINGS of the WEF are often seen as talkfests which don't yield a whole lot of "hard news" for the media. So it came as something of a surprise to learn that 293 journalists from around the world, including 33 from Indonesia, have
      173 words
    • Article
      Look out! the 'gazelles' are coming
      176 2 IT HAD to happen. The WEF, which has given us IGRA (Informal Gathering of Regional Leaders), IGBOL (Informal Gathering of Business Organisation Leaders), and IG-WEL (Informal Gathering of World Economic Leaders) has added GGCs to its collection of acronyms and abbreviations. GGCs (Global Growth
      176 words
    • Article, Illustration
      Plot to 'kidnap' Y Y Wong in the US
      148 2 THE amiable Wong Yip Yan (right), chairman of Singapore's WyWy Group, was one of the speakers at the charter meeting of the GGCs. The American participants were reportedly so impressed by his knowledge an views that they consider him a "strategic
      148 words
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Great sale boosts retail index
        297 4  -  By Jenny Lam THE Great Singapore Sale seems to have given the sluggish retail sector a modest boost latest figures show that the July retail sales index, excluding vehicle sales, rose 4 per cent year-on-year. However, the index including cars fell 3.9 per cent at
        Source: Dept of Statistics  -  297 words
    • Article
      TDB, garment makers in trade mission to Cambodia
      110 4 p y _A *THE Trade Development Board and the Textile and Garment Manufacturers Association will lead a trade misl sion to explore business oppori tunities in Cambodia this I month. The 17-member mission of garment manufacturers and traders will meet Mhe Cambodian
      110 words
    • Article
      European chocolate maker moves to cash in on Asia's sweet tooth
      316 4  -  By Jennifer Lien SWISS-BELGIAN manufacturer Callebaut, which supplies industrial chocolate products to ice-cream maker Haagen-Dazs and chocolate company Godiva, has set up a regional operation in Singapore. Now operating out of a sales office at Ang Mo Kio, the
      316 words
    • Article, Illustration
      Norwegian giant Norsk Hydro gets OHQ status
      407 4  -  Firm's annual investment of 100 m in Asian operations will be increased By Kevin Sullivan NORSK Hydro, Norway's largest publicly owned conglomerate, has secured operational headquarters (OHQ) status in Singapore. The status was conferred by the Economic Development Board yesterday. EDB chairman Philip
      407 words
    • Article
      Suharto's visit today to cement close ties
      396 4  -  By Walton Morais PRESIDENT Suharto of Indonesia arrives here today on a one-day working visit that will boost bilateral cooperation and cement warm ties between the two countries. During the visit, Mr Suharto will hold a "four-eye" meeting with Prime Minister Goh Chok
      396 words
    • Article, Illustration
      Glaxo Wellcome to sell Hazeline business
      264 4 BRITISH drugmaker Glaxo Wellcome yesterday said it would sell its Hazeline skin care product operations, which are based in Singapore. The world's largest pharmaceutical company said that HazcUne,.#iich makes skin care product* for North Asian and ScWfteast Asian markets, is up for sale because
      264 words
    • Article
      Simex gave back US$60m to Barings' judicial managers
      252 4  -  By Siew Li Sen THE Singapore International Monetary Exchange Ltd (Simex) returned more than US$6O million (5586.8 million) to the judicial managers of Baring Futures Singapore, Price Waterhouse margin money which was left over after all Baring's contracts were liquidated. "It was
      252 words
    • Article
      Buyers unite to force action on China property
      371 4  -  By Toh Hooi Ling ABOUT 50 Singapore buyers of Superior Garden-Plaza, a proposed 2,000 unit office-and-residential project in Dongguan city, China, have joined forces with Hongkong buyers to take legal action against the developer. A representative of the Singapore buyers, Tang Mee
      371 words
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      346 2 textile, trim and readyto wear exhibition Hi H HHII The Gallery, level 3 Singapore Internqtionql Convention Exhibition Centre, Suntec City Open to trade professionals only INTEX'9S, the Textile, Trim 9and Ready-to-Wear offers you an a excellent opportunity to meet manufacturers, agents, wholesalers, trade associations and related services n fashion trade
      346 words
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      60 2 m*theCjrand WATCH g ALE ■A -«vDon't miss the huge discounts off these classic timepieces at the closing down sale of our Far East Plaza showroom. Concord: 50-75% off Raymond Weil f Michel Herbelin 50% off Longines, Certina, Seiko, Movado 45% off ...and many other brands. Shui Hwa Jewellery 14 Scotts
      60 words
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      140 3 p I J, I I Engineered to move the human spirit. Mother Nature ga.e man the most sophisticated Bode of transport. The Mercedes-Bern S-Ctass merely elevated It. Long held as the pinnacle of motoring excellence, there I. to doiht H.» tin the of grace and heattty. And yet nothing cnn
      140 words
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      233 4 > **i6ti' sINGA H3V .i£ 'Spmi OF >^Hnaßii MANAGEMENT Move Ahead With An Accounting Master's The Master of Business (Accounting) programme is designed to meet the needs of accounting professionals and executives who wish to upgrade their accounting degrees or professional qualification to a Master's level and at the same
      233 words
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      291 4 m ORCHARD PARADE HOLDINGS LIMITED '1,--*'-'' (Incorporated in the Republic of Singapore) The Directors of Orchard Parade Holdings Limited ("OPHL") wish to announce that Jelco Properties Re Ltd ("Jelco") and the parties acting in concert with it, namely Far East Organisation Pte Ltd and Sino Land Company Limited (the "Concert
      291 words
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      20 4 I„ w 1 I lu Mi.llls I lines \IT< HM Ml I s oilers .i <1 11;11i t\ l.ilxnii pool
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Banharn proposes new 843b baht budget bill
      407 5 Reuter BANGKOK Thai Prime Minister Banharn Silpa-archa yesterday presented a new budget proposal which provides extra infrastructure spending. Mr Banharn said in parliament his 843.2 billion baht (5548.3 billion) budget bill for the 1995/% fiscal year starting Oct 1 would give his two-month-old
      Reuter  -  407 words
    • Article
      Lock icon US sees Asean as second biggest market: Garten
      211 5 Reuter KUALA LUMPUR US Undersecretary of Commerce Jeffrey Garten said yesterday Asean is likely to become the second biggest market, after Mexico, for American goods among the newly emerging industrialised countries in the next five years. He told reporters after winding up
      Reuter  -  211 words
    • Article
      Lock icon Siemens to invest heavily in Thailand
      61 5 AFP MUNICH Siemens intends to invest hundreds of wilinw of marts in Thailand by 2000 to increase local a—l to 1.5 billion marks (551.45 billion) from 450 million marts now, the company said yesterday. Siemens, a *wgi«wring group, said that it had opened a
      AFP  -  61 words
    • Article
      Lock icon Double-digit inflation likely in Vietnam
      53 5 AFP HANOI Vietnam is likely to see double-digit inflation for the next few years but the government will not measures that slow economic growth such as tightening credit, Cao Si Kiem, governor of the State Bank of Vietnam, wrote in an article in the Vietnam
      AFP  -  53 words
    • Article
      Lock icon Italian firm opens fridge factory
      60 5 Reuter HANOI Italy's Zanussi International Spa has opened its first joint-venture factory in Vietnam, to produce refrigerators and other electrical appliances, the Vietnam News Agency reported. The joint venture with a local firm, the Nam Dinh Electronics, Refrigeration and General Service Company, has investment capital
      Reuter  -  60 words
    • Article
      Lock icon Infrastructure constraints will hamper growth: economist
      172 5 AFP Reuter KUALA LUMPUR The rapid growth of East Asian economies in recent years has created infrastructure constraints that could hamper sustained growth in the longer term, a top Malaysian economist warned yesterday. "These economies are now paying a price for growing prosperity and
      AFP; Reuter  -  172 words
    • Article
      Lock icon New rules may lead to some law firms pulling out of Vietnam
      255 5 FT HANOI Fresh rules severely curbing foreign lawyers in Vietnam are likely to make some firms pull out and could damagr long-term foreign investment. Under rules p»«m*h by the Jiotioe Ministry early this month, but only released to
      FT  -  255 words
    • Article
      Lock icon Bangkok Land gets nod for facilities for Asian Games
      301 6 Bloomberg Business News BANGKOK The cabinet has approved Bangkok Land's on-again, ofT-again plan to build several arenas and a dormitory for reporters covering the 1998 Asian Games in a big suburb it is building outside Bangkok. The partly-finished satellite town of
      Bloomberg Business News  -  301 words
    • Article
      Lock icon SMI hopes to lure corporate crowd to Malacca resort
      274 6 Bernama KUALA LUMPUR Singa-pore-based SMI Hotels and Resorts Ltd, which currently manages the five-star Hotel Istana, has invested MS ISO million (SSBS.B million) in its Riviera Bay Resort in Malacca, expected to be operational in November. Its general manager Robert Denecker
      Bernama  -  274 words
    • Article
      Lock icon US firms keen to build Philippine plants
      145 6 UPI MANILA Two US-based companies have proposed building a pair of US$lOO million (*****.7 million), 100megawatt coal-fired power plants in the Philippines, officials said yesterday. Zachary Power Systems Inc and Global Energy Corp plan to set up the plants in the southern provinces
      UPI  -  145 words
    • Article
      Lock icon Philippine power firm's profit falls 25%
      176 6 Bloomberg Business News MANILA State-owned National Power Corp (Napocor) said profit fell 25.3 per cent in the first eight months of the year as a foreign exchange loss overshadowed higher energy sales. Napocor said net income dropped to 3.109 billion pesos (S$ 167.4 million)
      Bloomberg Business News  -  176 words
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      92 5 What every successful businessman has for breakfast in Hong Kong. Have it for tea the same day in Singapore. Subscribe now to the South China Morning Post and enjoy same day delivery to your doorstep. Ctß 348 7838 or fox 345 9150 today. SOUTH CHINA MORNING POST The Leading English
      92 words
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      222 5 A A At the core of every new Jaguar is a fiery spirit. An engine capable J Wr\ l\ of delivering unbridled power. Tempered only by a degree of control that delivers a ride as silent and smooth as ice, regardless of the It takes a treacherous bend but never
      222 words
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      188 6 w'" L^»!f-«jjij MM| sum mr^m M^^MI^NHj^^^MRMI """If r >■ r- At only *$30 per person, our Business Executive shark's fin, scallops or fish maw. To give you the Lunch or Dinner lets you create your own pleasure of a totally' unique dining experience. menu from our a la carte selection
      188 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Beijing makes few policy changes in new 5-year plan
      421 7 Reuter BEIJING A five-year national plan expected to be approved soon by China's Communist Party contains few policy changes and will call for 9 per cent growth and a better deal for the backward interior, economists said yesterday. The nearly 200
      Reuter  -  421 words
    • Article
      Lock icon Praxair to invest US$100m in Beijing
      64 7 Bloomberg Business News BEIJING Praxair Inc said it will invest US$lOO million (S$ 144.5 million) in the Beijing region, boosting its investment in China to US$2OO million in the next five years. Praxair, based in Danbury, Connecticut, said its investment includes an agreement to
      Bloomberg Business News  -  64 words
    • Article
      Lock icon Taiwan industrial production up 8%
      86 7 Bloomberg Business News TAIPEI Taiwan's industrial production gained 7.95 per cent in August from a year earlier, led by the construction industry, the ministry of economic affairs said. Construction industry production rose 29.2 per cent in August from a year ago, it said. Production of
      Bloomberg Business News  -  86 words
    • Article
      Lock icon Shanghai wants more World Bank loans
      67 7 Reuter SHANGHAI Shanghai Mayor Xu Kuangdi appealed for more World Bank loans to improve city infrastructure and environmental protection and develop energy resources, Xinhua news agency reported. Mr Xu made his appeal on Tuesday while meeting World Bank president James Wolfensohn, it said. Shanghai
      Reuter  -  67 words
    • Article
      Lock icon Star TV goes to Japan
      42 7 AFP HONGKONG Star TV will launch a pay general entertainment television channel in Japan next year, a spokeswoman said yesterday. It will start broadcasting in April with plans to introduce its five existing channels, she said. AFP
      AFP  -  42 words
    • Article
      Lock icon New accounting rules for China listed firms by next year
      262 7 Bloomberg Business News Reuter SHANGHAI China will promulgate new accounting rules aimed particularly at listed companies by the second quarter of next year, the Shanghai Securities News said. The rules will cover principles of accounting in general and how to
      Bloomberg Business News; Reuter  -  262 words
    • Article, Illustration
      Lock icon Abseiling for a cause
      65 7 AFP HONGKONG One of 10 Royal Marines based here abseiling down the 100-metre west face of the Prince of Wales Building here yesterday in aid of several charities. The Royal Marines currently hold the world abseiling record for the longest descent dowa a building at 446.5
      AFP  -  65 words
    • Article
      Lock icon Run by depositors hits Taiwan credit union
      220 7 Bloomberg Business News TAIPEI An executive at i farmer's credit union in tht northern Taiwan town of Chung-li said it was facing i serious run by depositors. "They are all trying to push in to get their money out," the executive, who declined
      Bloomberg Business News  -  220 words
    • Article
      Lock icon China's special economic zones to retain tax perks
      176 7 UPI BEIJING China's five special economic zones will retain their preferential tax status, a newspaper reported yesterday. Hu Ping, director of the State Council's special economic zones office, told the China Investment Daily that as China's bases for hard currency earnings from
      UPI  -  176 words
    • Article
      Lock icon Taiwan's export orders hit record on weakness of NT$
      321 8 Bloomberg Business News TAIPEI Export orders received by Taiwan companies in August reached a singlemonth record of US$lO.Ol billion (5514.4 billion), the ministry of economic affairs said. "This was much higher than we had expected," said Jerry Wang, an economist at
      Bloomberg Business News  -  321 words
    • Article
      Lock icon Reprieve for Hopewell road project
      141 8 AFP HONGKONG Hongkong's leading infrastructure developer Hopewell Holdings Ltd said yesterday its superhighway project in southern China suffered a six billion yuan (Ssl billion) cost overrun. In a legal notice published here, the firm said it had signed a memorandum on Tuesday with its Chinese
      AFP  -  141 words
    • Article
      Lock icon China seeks foreign investment to build chip, IC plants
      335 8 Bloomberg Business News SHANGHAI The Chinese government is seeking about US$4OO million (S$S76 million) in foreign investment to build at least seven new semiconductor plants and seven integrated circuit board factories in the next five years, an industry group said yesterday.
      Bloomberg Business News  -  335 words
    • Article
      Lock icon Foreign holdings of Taiwan stocks yet to hit ceiling
      165 8 Reuter TAIPEI Foreign investors can put U5521.02 billion (5530.5 billion) more into Taiwan's stock market before hitting an official ceiling of U5528,022 billion, the central bank said yesterday. As of June 30, foreign investors are allowed to invest a total of
      Reuter  -  165 words
    • Article
      Lock icon Court hands award in trademark case
      151 8 Reuter BEIJING A Chinese court has settled what is believed to be the country's biggest single trademark infringement case, the Xinhua news agency said yesterday. The Higher People's Court in central Hubei province recently found Hengda Garment Co Ltd in south-east Fujian province guilty
      Reuter  -  151 words
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      91 7 I^7 nr V The cool morning breeze, Inspired Moments the fresh scent ofmo i st turf Inspired by ,he be,l y of 80lf every Holborn J handcrafted to perfection by expert craftsmen, and each piece is certified and bears testimony to the high standards of Holborn. the distant chirping of
      91 words
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      Page 7 Advertisements Column 2
      8 7 Editorial' China still needs its SEZs, Pg 14
      8 words
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      435 8 ■M INTER-ROLLER ENGINEERING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 20 Benoi Crescent, Jurong, Singapore *****3, at 10.00 a.m. on 6 October 1995. The Extraordinary General Meeting will be
      435 words
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  • ASIA
    • Article
      Lock icon Smugglers flooding S Korea with illicit bullion
      421 9 Gold helping some Koreans hide ill-gotten gains from taxman AP SEOUL There's a gold rush on in South Korea. Smugglers are flooding the country with illicit bullion. The gold is feeding the growing demands of a rapidly expanding consumer economy as well as
      AP  -  421 words
    • Article
      Lock icon SDP leaders approve creation of new party
      120 9 Bernama-Kyodo TOKYO Leaders of the Social Democratic Party (SDP), yesterday approved a policy report recommending the creation of a new party to replace the SDP chaired by Prime Minister Tomiichi Murayama. At a meeting of the party's policy-making central executive committee, SDP leaders
      Bernama-Kyodo  -  120 words
    • Article
      Lock icon World Bank lauds pace of privatisation in Lanka
      372 9 Reuter COLOMBO Sri Lanka's privatisation programme is, contrary to criticism, moving ahead speedily, a senior World Bank official said yesterday. "We are seeing results in Colombo within about six months of setting up the institution to handle reform," Hafeez Shaikh told Reuters.
      Reuter  -  372 words
    • Article
      Lock icon Japan's obsession with academic credentials fading
      442 9 AFP TOKYO Japanese society's renowned obsession with big-name universities is in decline as an increasing number of companies adopt more flexible hiring practices, according to a recent study by Sakura 'Bank Ltd. 1 "Should this trend eventually catch on and become widespread, it ultimately
      AFP  -  442 words
    • Article
      Lock icon Partial sale of Indian govt firms
      79 9 Reuter NEW DELHI India will sell off partial stakes in four stateowned firms next month in the first tranche of disinvestment for 1995-96 (April-March), an industry ministry official said. "We want to tap the market around the first week of October and close the
      Reuter  -  79 words
    • Article, Illustration
      Lock icon Destination: Malaysia
      36 9 Reuter DHAKA Bangladeshis queue up at Dhaka's Employment Exchange yesterday seeking registration for employment in Malaysia. OflkW says that some Bangladeshis are now in the jungles «f Thailand trying to enter Malaysia illegally. Renter
      Reuter  -  36 words
    • Article
      Lock icon S Korean businessmen to visit North
      70 9 AFP $BOUL A 60-member South Korean business delegation plans to visit North Korea's north-eastern free trade zone in October to look at possible investment or joint ventures, officials said yesterday. A National Unification Board spokesman said the board would allow the businessmen to visit
      AFP  -  70 words
    • Article
      Lock icon NZ overseas debt down by 2.1%
      54 9 Bloomberg Business News WELLINGTON New Zealand's overseas debt in the quarter ended June 30 narrowed 2.1 per cent from the previous quarter to NZ566.2 billion (Ss63 billion), the government said. The decline reflected net debt repayments of NZ$6OO million and foreign-exchange rate gains of
      Bloomberg Business News  -  54 words
    • Article
      Lock icon US exports to S Korea up 54%
      66 9 Bernama SEOUL South Korea may become the fourth largest export market for the United States, following Canada, Japan and Mexico, by the year-end, according to trade figures released by the the US Commerce Department. US exports to South Korea in the first half
      Bernama  -  66 words
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      167 9 At Mitsubishi we think you shouldn't pay through your nose for a car that can save your neck. That's why the Mitsubishi Verada 3.0 is equipped with every safety feature that you'll associate with luxury cars that are twice as expensive. Come to think of it, it's equipped with every
      167 words
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      1221 10 Budweiser m ITlVffl P gi j I I where to wine, oine and entertain L WORLD S LARGEST SELLING BEER J K Where can we bring the for dinner? MSI I Singa Inn, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and
      1,221 words
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      Page 10 Advertisements Column 2
      216 10 I fancy Heijing? I Then, we're delighted to suggest the fine Court for a memorable dining experience Our lunch menu offers a variety of dian Kin 'Beijing dumplings, a selection of set menus, and 'Beijing specialities IIXyY such as 'Beijing 'Ba/fed Tench and cbrr Marinated Lamb, fancy some nowf CHINESE
      216 words
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  • LIFESTYLE
    • Article, Illustration
      For a smooth and easy ride
      780 11  -  Chris Tan takes the 1.6-litre Audi A 4 for a spin and finds it as good as any luxury saloon Chris Tan THE Audi A 4 is one of those cars that you know is exceptionally good, but you just can't put your finger
      780 words
    • Article, Illustration
      Lock icon Spam maker wants Muppet boar canned
      532 11  -  .Whether Spa'am, the evil Muppet pig, ever gets to ham it up in theatres depends on a trademark infringement lawsuit filed by Hormel Foods, which makes Spam. Gail Appleson reports Gail Appleson Reuter THE evil Muppet pig Spa'am is making his debut this week,
      Reuter  -  532 words
    • Article
      Lock icon Carter's first children's book to be out in November
      269 11 F' T v J 7 1 :1 < j 4 SjLjj UPI PEACE negotiator, poet and former president, Jimmy Carter, has written his first children's book. The Little Baby SnoogleFleejer, due to be released in November, was written by Carter and
      UPI  -  269 words
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      52 11 -^tS^^MMM^E-^~~~^^^ M T ",i it j j .SSK& ML. ■-ysJIB I 2 1 3<«gl', iv 3 Hh> Vi! jH RP^ii^r^jlßßßL^Si vjgaafljiiL-" HOT/COLD POOLS SAUNA BATH STEAM BATH TV/COFFEE LOUNGE »1» MASSAGE ROOMS REGENT HEALTH SPA 78, SHENTON WAY #01-OIA 81-01, SINGAPORE 0207 TEL: *****68(5 LINES) BUSINESS HOURS: 10.30 am TO
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1031 11 Cliff Richard: From Hip, 9pm, Premiere 12 from podrome The bachboy people he's his sj^ lengthy career get together to perform hits and new. j^.. Robin Hood, 9pm, TV 2 I Wjfo Patrick Bergin and Uma Thurdon't really 1990 John Hamburger HowevEdward Fox, Jeroen Krabbe Prochnow make some pretty Wanda,
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      120 12 (1 pearl of wisdom uihy you invest in a Toyota todaij^^*ga®*- >r You don't need pearls of wisdom to appreciate the superb engineering C that comes with the wind-cheating lines of a Camry. Or the space and 1 luxury frontiers of a Previa. Or for that matter, the sporty good
      120 words
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  • FOCUS
    • Article, Illustration
      A ride to survival or a search for that pot of gold?
      1008 13  -  SMEs' drive to go regional Reports by Chuang Peck Ming SINGAPORE Many businessmen jumping on the goregional bandwagon are pulled along by dreams of making a fortune in emerging economies like China, Vietnam, India or Myanmar. But others
      1,008 words
    • Article
      S'pore still home base for electronics firms
      464 13 ELECTRONICS contract manufacturers venturing into the region in search of cheaper production sites are not about to abandon their home base. Some are even expanding their presence here while shifting the bulk of their manufacturing to places as far as China. First Engineering
      464 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      168 13 j years from now, {hey ffSe auctionedto the highest hicfcfer. i (QAnfessyou maJte it to ZJ/ie T^aniefOZot£ JlCasterpiece &x£i£ition first. J I I r==f 1 >.* JH O UNMISTAKABLE IN DESIGN. UNWAVERING IN PRECISION AND 1 a I TREASURED AS A RARE POSSESSION. EVERY DANIEL ROTH TIMEPIECE HAS ALL THE
      168 words
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  • Article
    China still needs its SEZs
    492 14 UST when Beijing has tried to put an end to u< H the month-long debate over the preferential -r policies for the nation's special economic y< a zones (SEZs), a senior tax ofTicial in Beijing has again raised questions about tax breaks u»for the SEZs.
    492 words
  • Article
    Hongkong ironies
    311 14 THE LOW voter turnout in elections to Hongkong's Council (Legco) belies claims of their his- toric importance. Only 35.8 per cent of those on the 'electoral roll voted. That does not say much for the i'reformed Legco, the cause of so much bad blood between Britain and China,
    311 words
  • Article
    Everyone knows the ending
    190 14 IN LESS than two years, Hongkong will be returned to China. As the time nears, any statements issued by China would be a main concern to Hongkongers. A mere 25 per cent of Hongkong's population is registered voters and out of this group, only 35.8% voted
    190 words
  • Article
    OIC shows its resolve
    105 14 THE KL Declaration by the 13 member countries of the Organisation of Islamic Conference is strong testimony of their resolve in ending the crisis in Bosnia and seeking ways to rebuild the war-torn country. They pledged almost US$l5 billion, largely to rebuild Bosnia and to channel
    105 words
  • Article
    Steep learning curve
    200 14 THE IDEA that Hongkong people are too busy making money to be interested in democracy has been a long-time dying. Sunday's election should kill it off. The voter turnout of 35.8 per cent in geographical constituencies and 39.2 per cent in the new functional constituencies will not
    200 words
  • Article
    China and Russia in the way
    157 14 TWO COUNTRIES now stand in the way of a complete, world-wide ban on nuclear weapons tests. China and Russia continue to hold back their support for a treaty against testing. The treaty would bar all forms of testing. In short, the world is on
    157 words
  • Article
    Noose tightens on rulers
    134 14 A SEVERE decline in living conditions, a plummeting economy and a series of political blunders that have wrecked the image of once-prosperous Sudan have driven thousands of its citizens and university students to violent street protests in recent weeks. The protests, engulfing Khartoum, Omdurman and other
    134 words
  • Article, Illustration
    Growing debt burden puts pressure on the baht
    885 14  -  Imports surge and strong yen to blame, says Alan Boyd from Bangkok Alan Boyd The writer is a Bangkok-based journalist who contributes to BT THAILAND'S current account deficit widened dramatically in the first half of this year, reviving speculation that a growing
    885 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      50 14 v Deco Metals sunglasses feature 4 new lens shapes 9 that super bly combine functionality and style 1 Engineered to be strong yc.i lightweight, the beautifully decorated gold or silver frames are engraved with a fine filigree patter n complement an elegant, yet pratical lifistylo for men and women alike
      50 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      110 14 DID vou GBT I SiMCE. UOMEJsJ D«D TWE UW ROOM Ny gEOlSlpAtiotfJ OP THE LAMp P R e.C£De*fc LfrUJNffcg U3OD UK£>fc3Ug A DV(C J\NUMB6fc \y VpVfcß THE. Fißm'S RXJhOnpP? ZT PY F«JEND Jones. tJHCST RJDING flv moomtim»J\ju~ to SET UPQKJ rVo-vt HPO »r_. »**r, jSML v fßEf B>y NJ *HGRy
      110 words
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  • THE LAW PAGE
    • Article, Illustration
      A new pitfall in writing references
      1272 15  -  An English court has added negligence to potential dangers which employers face as referees, reports Benny Tabalujan Benny Tabalujan The writer is a senior lecturer in business law at the Nanyang Technological University. He is also an associate editor of the Asia Business Law
      1,272 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      424 15 The Internet is fast becoming a new source for businesses to promote and s4#Hir r WV} First Stoo Bukoms C«ntre products and services. In line with our mission to promote enterprise growth, EPC has rwi organised several successful seminars and talks on this new media. A Privit® Extwwon of the
      424 words
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      Page 15 Advertisements Column 2
      150 15 <&• The rare perfection of Palelc Philippe al Tke H our Glass Cbooting timepiece ell alwal (lie exquisite skould ke relaxed ami feature* tkat kallmark affair. H «ack Pkilippe in Especially you're our After rare all, we we ourselves as I Patek mmmom connoisseurs. And our Pkilippe. custo men as
      150 words
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  • Article
    Lock icon US July trade deficit hits surprise record of US$11.5b
    402 16 Reuter Bloomberg Business News WASHINGTON The US deficit on trade in goods and services widened unexpectedly to a record US$ll.5 billion (5516.6 billion) in July as exports shrank for a second straight month, the Commerce Department said. The trade gap was
    Reuter; Bloomberg Business News  -  402 words
  • Article, Illustration
    Icahn seeks clearance to buy RJR shares
    237 16  -  Company taking steps to ward off possible proxy battle, say reports From Loon Hadar in WASHINGTON RJR Nabisco Holdings, the giant cigarette and food company, yesterday announced that the New York-based cor-porate-raider Carl Icahn has filed for clearance with the Federal Trade Commission
    237 words
  • Article
    Lock icon US wants to form regional groups to fight money laundering
    280 16 IHT PARIS The US hopes to step up its campaign against international money laundering by increasing information sharing and joint investigations among governments and by developing special regional task forces in Asia and the Caribbean, a senior US Treasury official
    IHT  -  280 words
  • Article
    Lock icon Netscape's security flaw sparks concern over Internet transactions
    212 16 Reuter SAN FRANCISCO Students have cracked the most popular software programme for navigating the Internet, raising concerns that the vast global computer network may not be fully ready for banking and other business transactions. Netscape Communications Corp confirmed newspaper reports that its
    Reuter  -  212 words
  • Article
    Britain targets rich Asian visitors
    268 16  -  By Agnes Wee SINGAPORE The British Tourist Authority (BTA) aims to achieve a IS per cent annual growth rate in spending by Asian visitors to Britain over the next five years, its chief executive Anthony Sell said here yesterday. Spending by Singapore visitors alone is
    268 words
  • Article
    Lock icon Investment funds yet to learn Barings lesson
    104 16 Bloomberg Business News NEW YORK American and European investment funds have not yet learned the lessons of failed Barings pic, according to a survey of investment funds and derivatives conducted by Ernst Young. The British bank, which shut down in February, failed in
    Bloomberg Business News  -  104 words
  • Article, Illustration
    A welcome trend among Asean companies
    631 16  -  The Bottom Line SREE KUMAR SREE KUMAR The writer is a partner in a regional consulting company WE NEVER believed that institutional considerations could lead to greater transborder flow of investments. Meanwhile, despite all the good intentions and institutional arrangements, Asean businessmen have long
    631 words
  • Article
    Lock icon US House panel votes to convert S&Ls into banks
    180 16 AP Reuter WASHINGTON The US House of Representatives Banking Committee, in what Republicans called an historic step for the financial system, passed a sweeping bill that converts federal savings and loans (S&Ls) into national banks. Federally chartered thrifts would have to
    AP; Reuter  -  180 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      39 16 To crack the safe or enter Mrs Wizard's crystal ball, call Tele-Games on 1900-911-0003, at 30 cents a minute. XT cr V I BOSS HUGO AVAILABLE AT TAKASHIMAYA S C.. ISETAN ORCHARD RD. BOSS SHOP NO. 01-061/063 SUNTEC CITY
      39 words
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      Page 16 Advertisements Column 2
      114 16 For stories, quizzes songs, call Children's Funland on 1900-910-0001 at 30 cents a minute. I A BRAND NEW COMMERCIAL BUILDING I AT 331/333 JALAN BESAR FT MM Property 4-storey commercial building with basement carpark. Ideal for single tenancies. A wl\C ,iOl9' rwfflßH Tenure preehokj A?** t^i 1u y IJJT ba
      114 words
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  • COMPANIES & MARKETS
    • Article
      Parkway bid to buy Tenet stake in AME likely to fail
      548 17  -  By By Jenny Lam in SINGAPORE and Surinder Singh in SYDNEY PARKWAY Holdings' bid to buy US-based Tenet Healthcare Corp's stake in listed Australian Medical Enterprises (AME) is likely to fail because AME's minority shareholders are expected to vote
      548 words
    • Article, Illustration
      OPH statement hints at YHS placement below $5.35 a share
      381 17  -  ■yi Lee Han Shih SINGAPORE Property tycoon Ng Teng Fong yesterday gave a hint albeit unintentionally that he may place out some of his Yeo Hiap Seng (YHS) shares at below his offer price of $5.35 each. Mr Ng's listed
      381 words
    • Article
      Will Quek snatch Pepsi from YHS?
      827 17  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE If Quek Leng Chan has his way, some of the fizz may go out of softdrink maker Yeo Hiap Seng Ltd (YHS). It was only last week that the Malaysian tycoon conceded defeat in a hostile
      827 words
    • Article, Illustration
      Lock icon Casa closes 40% above offer price in high turnover
      273 17  -  By Ven Sreenivasan SINGAPORE Casa Holdings burst on to the main board yesterday with an opening trade of 60 cents, surged to 65 cents within minutes then slipped to trade below 54 cents for the rest of the day. Analysts attributed
      Source: Bloomberg  -  273 words
    • Article
      Pacific Carriers' net earnings jump 154%
      243 17  -  By Rahita Elias SINGAPORE Pacific Carriers Ltd yesterday posted strong interim results thanks to a rise in freight rates for bulk carriers. For the six months to June, 1995, the company's group net earnings jumped 154 per cent to $14.4S million. Earnings per share
      243 words
    • Article
      Singamas half-year net profit down 28%
      196 17 SINGAPORE Hongkongbased Singamas Container Holdings has reported a 28 per cent drop in half-time net profit to HK$2l.5 million (Ss4 million). The group, listed in Hongkong and Singapore, also recorded a 42 per cent drop in earnings per share to 5.7 HK cents. The
      196 words
    • Article
      MARKET MOOD
      50 17 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at £6pm yesterday. Overnight events may alter sentiment. Brokers polled- Alliance, Barings, Credit Lyonnais Secunttes, Datwa, Fraser, GK Goh, Kay Hian, Morgan GrenfeU, Ong Co. Nomura, Phillip. Smith New Court, Wl Can and SG Warburg.
      50 words
    • Article, Illustration
      HOT STOCK
      83 17  -  By Ven Sreenivasan YORK Pacific Holdings is a sell at yesterday's close of 82 cents. Stochastics indicate a fall in the short term, with support at the 60-cent level. The weekly Relative Strength Index is overbought But in the medium term the stock can be expected to trade
      83 words
    • COMPANIES
      • Article
        Lock icon 19 more Malaysian counters to go scripless from Oct 24
        296 18 MBT KUALA LUMPUR The shares of another 19 main board counters on the Kuala Lumpur Stock Exchange will be prescribed under Malaysia's Central Depository System (CDS) from Oct 24 1995. The one-month prescribed period will be until Nov 23 1995.
        MBT  -  296 words
      • Article
        Lock icon SC's guidelines for listing of infrastructure projects hailed in KL
        290 18 Bernama KUALA LUMPUR The Securities Commission's guidelines on the flotation of infrastructure project companies without a track record on the Kuala Lumpur Stock Exchange have been described as "reasonable" by the local securities industry. OSK Partners Sdn Bhd's general manager
        Bernama  -  290 words
      • Article, Illustration
        KFC (M) executive director released from police custody
        247 18 SINGAPORE KFC Holdings Malaysia executive director Francis Lau Tuang Nguang was released from Malaysian police custody yesterday after five days. Mr Lau was held a week after his elder brother Kevin was also remanded for six days to help police with their
        247 words
      • Article
        Guthrie's earnings rise to $1.8m despite 20% fall in turnover
        299 18  -  By Abdul Hadhi SINGAPORE Diversified engineering group Guthrie GTS has hoisted interim net earnings from $609,000 to $1.81 million, despite a 20 per cent drop in turnover. It said yesterday sales in the six months to June 30 were $77.13
        299 words
      • Article, Illustration
        Lock icon SES queries York after price surge
        180 18 SINGAPORE Sesdaq-listed York Pacific Holdings was queried by the Stock Exchange of Singapore yesterday after its shares surged 16.S cents to close at 82 cents. Analysts and brokers could not explain the sudden 25.2 per cent jump in York shares, which hit an intra-day
        Source: Bridge Info  -  180 words
      • Article
        Compact's earnings slide 5%, turnover surges 51%
        205 18 SINGAPORE Compact Metal Industries (CMI) yesterday reported a 5 per cent slide in interim group net earnings to $3.28 million despite a 51 per cent surge in turnover to $44.36 million. The aluminium products manufacturer attributed the lower profit in the first half
        205 words
      • Article
        Tong Meng profit up 115%
        59 18 SINGAPORE Tong Meng Industries has reported a 115.3 per cent rise in group net profit from $648,000 to $1.39 million for the six months to June 30. Turnover rose 3 per cent to $2.22 million. Earnings per share jumped to 17.44 cents, from 8.1 cents
        59 words
      • Article
        Yenville offer to stay open till Oct 12
        36 18 SINGAPORE United Overseas Bank said yesterday its client Yenville's offer for shares and warrants of construction company Econ International would remain open until 3.30 pm on Oct 12.
        36 words
      • Article
        Top staff changes in Tiger Medicals
        48 18 SINGAPORE Ah Kuan has been appointed a director of Tiger Medicals, while Ling Ming Chuan has been promoted from deputy general manager to general manager. Mr Ling has also been appointed general manager of Tiger's wholly-owned subsidiary Drug Houses of Australia (Asia).
        48 words
      • Article
        Lock icon Guthrie posts 141% leap in interim profit to M$120m
        184 18 AFP KUALA LUMPUR Malaysia's second largest plantation company, Kumpulan Guthrie Bhd, yesterday said its interim group pre-tax profit surged almost one-and-a-half times to MS 120.2 million (5J68.5 million). The higher earnings were achieved on the back of a 43.7 per cent
        AFP  -  184 words
      • Article
        Lock icon Taiwan's UMC teams up with US firms in US$1b chip plant
        453 19 Bloomberg Business News TAIPEI United Microelectronics Corp (UMC), Taiwan's second-largest semiconductor maker, will join with three American companies to invest in a US$l billion (SSI.4 billion) chip plant in Taiwan, chairman Robert Tsao said in an interview. UMC and
        Bloomberg Business News  -  453 words
      • Article
        Malaysian company makes A$16m bid for Aussie timber firm
        402 19 A MALAYSIAN-BASED company, Winwood Forest Industries Pty Ltd, has launched a AS 16 million (5517.4 million) takeover bid for a Sydneybased company, Hudson Timber and Hardware Ltd. The bid is for all Hudson Timber shares at Aso.Bo a share and is
        402 words
      • Article, Illustration
        Lock icon Opening a Window into China
        68 19 AFP BEIJING Microsoft's Greater China regional director Bryan Nelson (right) congratulating Yang Tiaaxing, director of China's Ministry of Electronics Industry's (MEI) computer information department, after signing a cooperation agreement for the development of the Chinese Windows 95 operating system yesterday. Microsoft agreed to work with
        AFP  -  68 words
      • Article
        Standard Chartered denies report of broking house sale to BOC
        397 19  -  From Quak Hiang Whai in HONGKONG STANDARD Chartered Bank (SCB) has refuted a press report that it was about to sign a preliminary agreement with the Bank of China for the sale of Standard Chartered Securities (SCS). An SCB official
        397 words
      • Article
        Lock icon Swire opens Coca-Cola bottling plant in China
        224 19 AFP HONGKONG Hongkong conglomerate Swire Pacific Ltd said yesterday it had opened a US$2O million (SS29 million) Coca-Cola bottling plant in north-west China's Xian. Swire group chairman Peter Sutch said the new bottling plant, with an initial annual capacity of 10 million unit
        AFP  -  224 words
      • Article
        Lock icon Colgate to axe 3,000 jobs, close 24 plants in major revamp
        420 20 Reuter NEW YORK Colgate-Pal-molive Co, the maker of home and personal care products, yesterday announced a sweeping restructuring that will slash 3,000 jobs or 8.5 per cent of its woddwide workforce over the next two years. Th 6 company,
        Reuter  -  420 words
      • Article
        Lock icon Time Warner may face legal fight over Turner takeover
        332 20 UPI NEW YORK Time Warner Inc's US$B billion (Ssl 1.6 billion) acquisition of Turner Broadcasting System Inc may face a legal challenge from US West, a published report said on Tuesday. US West has refused to comment on a Wall Street
        UPI  -  332 words
      • Article
        Lock icon Caterpillar shares take a beating
        298 20 Reuter CHICAGO Caterpillar Inc's forecast of lower quarterly earnings which will be its first in two years sent the stock tumbling, as analysts raised concerns about the health of the global construction market. The company's shares were off US$7, or about 11 per cent, at
        Reuter  -  298 words
      • Article
        Lock icon Coke plans US$1b sales of debt securities
        163 20 Bloomberg Business News WASHINGTON Coca-Cola Enterprises has informed the Securities and Exchange Commission (SEC) that it will sell as much as US$l billion (551.44 billion) of senior debt securities. The company may also sell warrants to purchase senior debt securities and currency warrants
        Bloomberg Business News  -  163 words
      • Article
        Lock icon Bigger say for investors in restructured Nasdaq
        246 20 NYT WASHINGTON The National Association of Securities Dealers (NASD) said that it would radically overhaul its management structure and that of the Nasdaq stock market, giving investors and companies traded on Nasdaq much greater influence on an operation now largely dominated by Wall
        NYT  -  246 words
      • Article
        Lock icon Cheung Kong futures on HK exchange
        51 20 Bloomberg Business News HONGKONG A futures contract on Cheung Kong (Holdings) will be offered on the Hongkong Futures Exchange next Monday. The date coincides with the launch of Cheung Kong options contracts on the Hongkong Stock Exchange, the futures exchange said yesterday. Bloomberg Business
        Bloomberg Business News  -  51 words
      • Article, Illustration
        Lock icon Acer aims for NT$200b sales
        75 20 Reuter TAIPEI Taiwan's leading computer maker Acer Inc's group sales are likely to hit NTS2OO billion (5510.5 billion) in 1997 with the expected success of its new Aspire line of home personal computers, chairman Stan Shih told a seminar. "Just our Aspire alone can reach
        Reuter  -  75 words
      • Article
        Lock icon Shenzhen gets central clearing system
        116 20 Bloomberg Business News HONGKONG Shenzhen's securities central clearing system will come into effect next month to settle transactions involving "B" shares traded by foreign investors there, the South China Morning Post reported. Since 1992, the Shenzhen Securities Registration Co (SSRQ, which is owned by the
        Bloomberg Business News  -  116 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon J P Morgan said to have pared mortgage bond staff
        398 21 Bloomberg Business News NEW YORK J P Morgan Securities has fired about 20 people, paring its mortgage bond group by almost 30 per cent as the market faces its worst slump in a decade, people familiar with the business said.
        Bloomberg Business News  -  398 words
      • Article
        Lock icon DSP-Merrill plans India mutual fund
        66 21 Reuter BOMBAY DSP-Merrill Lynch Asset Management Company, a joint venture of Merrill Lynch and India's DSP Financial Consultants, will launch its first mutual fund in the first quarter of 1996 to mobilise 7SO million to one billion rupees (5531.5-42 million), its officials said on Tuesday.
        Reuter  -  66 words
      • Article
        Lock icon Bank of America to sell SPC Credit
        48 21 Reuter HONGKONG Bank of America said yesterday it would put its Hongkong deposit-taking company, SPC Credit Lid, up for sale in order to focus its retail banking operations in Hongkong on its larger local bank, Bank of America (Asia) Ltd. Reuter
        Reuter  -  48 words
      • Article
        Lock icon Insurer sets up China training fund
        56 21 Reuter BEIJING National Mutual, the second largest life insurance company in Australia, yesterday announced a financial education fund of HKSIO million (551.85 million) to help train Chinese in fields related to the insurance industry. The group has three representative offices in China and is
        Reuter  -  56 words
      • Article
        Lock icon Korea LTCB launches US$200m note
        64 21 Reuter HONGKONG Korea Long Term Credit Bank has launched its US$2OO million (*****.4 million) floating rate note due September 1998, said joint bookrunners and lead managers LTCB Asia and Merrill Lynch Hongkong Securities Ltd. The notes pay a coupon of 22.5 basis points over the
        Reuter  -  64 words
      • Article
        Lock icon Foreigners hold fewer NZ govt securities
        33 21 Bloomberg Business News WELLINGTON Foreigners decreased their holdings of New Zealand government securities in August to NZ59.73 billion (559.28 billion), down 4.9 per cent from July. Bloomberg
        Bloomberg Business News  -  33 words
      • Article
        1997 unlikely to disturb HK banking sector, says S&P
        273 21  -  From i Quak Hiang Whai in HONGKONG INTERNATIONAL creditrating agency Standard Poor's yesterday said Hongkong's banking sector will maintain its good operating performance and will not be unduly disturbed by the territory's reversion to Chinese rule in 1997. S&P said in
        273 words
      • Article
        Lock icon Citicorp's official says it's not interested in mergers
        305 21 Bloomberg Business News NEW YORK Citicorp, which soon will see the end of its long reign as the No 1 US bank, won't join a wave of mergers sweeping the banking business, vice-chairman Christopher StefTen said. Executives see Citicorp's lock on consumer
        Bloomberg Business News  -  305 words
      • Article
        Lock icon W Australia to sell BankWest for A$900m
        371 22 Reuter PERTH The state government of Western Australia is selling state-owned Bank West to Bank of Scotland for As9oo million (SS9BS million). Premier Richard Court said in a statement to parliament that Bank of Scotland planned to float 49 per cent of the
        Reuter  -  371 words
      • Article
        Lock icon NAB to sell ANZ stake over time
        138 22 Reuter MELBOURNE National Australia Bank Ltd plans to sell its small stake in Australia and New Zealand Banking Group Ltd over time, a bank spokesman said. But he said this was National Australia's only holding in an Australian bank and he denied market
        Reuter  -  138 words
      • Article, Illustration
        Lock icon Coffee prices plunge on oversupply fears
        312 22 NYT NEW YORK Coffee prices plunged to a 16-month low on fears that last year's soaring prices would have prompted many producers to increase the size of this year's harvest. After two frosts and a subsequent drought in Brazil last year cut the world's
        NYT  -  312 words
      • Article
        Lock icon Mutual fund investors prefer short-form prospectuses: Fidelity survey
        326 22 Bloomberg Business News BOSTON The first ballots are in, and it appears investors think shorter prospectuses will help them make more informed choices about mutual fund investments. Fidelity Investments revealed results of a survey that said nine out of 10 investors approve
        Bloomberg Business News  -  326 words
      • Article
        Lock icon More Asian oil firms exploring for oil overseas
        253 22 ENERGY REPORT Reuter SINGAPORE More Asian state oil companies are exploring for oil overseas to boost their energy resources amid stagnating domestic production, an energy consultant said. "It's not necessarily that they are not optimistic of their own (domestic) potential," James Ross,
        Reuter  -  253 words
      • Article
        Lock icon LONDON
        187 22 Reuter LONDON The dollar was confined to narrow ranges against the mark and yen at the European midsession with the much-awaited Japanese economic stimulus package failing to inspire further dollar gains against the yen. After lively early morning trade, activity turned quiet as the dollar consolidated. "The market was
        Reuter  -  187 words
      • Article
        Lock icon NEW YORK
        88 22 AFP NEW YORK The dollar weakened against other major currencies yesterday amid profit-taking sparked by the release of Japan's economic recovery plan. At 142S GMT, the dollar was trading at 103.34 yen from 104.45 on Tuesday, at 1.4699 mark from 1.4893. In London, the dollar was worth 1.474S
        AFP  -  88 words
      • Article, Illustration
        Untitled
        1180 22 Trade wnghMt index dUtlrf agonal S purr's tap 14 trading partners. Bmrrtmn IMS US$/S$ forward rates Noon Sep 20 ss M Ofcr 1-mooch 1.4431 I 2-month I.43M 1.4413 3-montk 1.4366 1.43*1 6-month 1.4267 1.42*7 Source: OCBC FOREIGN CURRENCY NOTE RATES to at tan top 29 Singapore dollars to oat uit
        1,180 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon JGB, Euroyen firm on Japan package
        1323 23 Reuter SINGAPORE Simex Japanese government bond (JGB) futures tor December ended sharply higher after Japan's economic recovery package failed to alter sluggish recovery scenarios. Euroyen futures also received a boost from the package, which caused Tokyo stocks to drop. "JGBs were very firm, and
        Reuter  -  1,323 words
      • Article
        Tokyo gold weaker on US$ fall
        675 23 COMMODITY REPORTS Gold TOKYO: Gold futures settled mostly weaker, shaking off early gains due to the dollar's fall against the yen after the announcement of Japan's economic stimulus package. Trade was hectic following the drastic movements in currency rates. "The economic package contained no
        675 words
      • Article
        Aug world steel output down 0.5%
        92 23 BRUSSELS World crude steel output fell by 0.5 per cent in August to 58.6 million tonnes, compared with August 1994 levels, according to figures released yesterday by the International Iron and Steel Institute. But for the eight months from January to August, cumulative output
        92 words
      • Bunker fuel oil prices fail to rise
        • Chapter
          Untitled
          23 23 next week, prices could fall as supplies still are plentiful, and the recent increase in demand is likely to fizzle out, traders said.
          23 words
      • Article
        EU licences for white sugar exports
        80 23 LONDON Trade sources expect the European Commission to license between 80,000 and 120,000 tonnes of white sugar exports at its weekly tender yesterday. Traders expect the maximum refund is likely to be around 46.68 ECU (SSBS.42) per 100 kg. The export refund is a
        80 words
      • Article
        Blast shuts copper plant in US
        56 23 LONDON An explosion on Saturday has clowd part of US producer Kennecott's new copper smeller in Utah, an official at Kennecott's UK owner RTZ confirmed yesterday. The incident will affect the company's mix of copper products, resulting in greater output of copper matte and
        56 words
    • Article
      COMMODITY PRICES
      1365 23 SICOM Futures (Mm dostag as at S.Mpa) KU 1 C—tract (S cents/kg) CVcxe Volume Open Month Hifh Low Sett (tonnes) Interest Oct 95 204.00 191.50 202.00 225 925 No* 199.00 1175 Dec 198,50 198 50 199.00 50 1475 Jan/Mar 96 19*.50 196.00 197.00 225 2700 Apr/Jun 96 198.00
      1,365 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1049 24 -1.2 SHARE prices closed slightly lower yesterday as investors reacted with disappointment to a Japanese economic stimulus package announced in Tokyo. "The news from Tokyo affected the market in the afternoon," said a broker. "It left the bourse 'struggling a little', The All Ordinaries Index eased 1.2 points to
        1,049 words
      • Article
        Taipei
        439 24 -50.86 Stocks fell in lacklustre trade as investors stayed on the sidelines over political uncertainties. "Investors were influenced by the reports that the US is going to sign a fourth communique with mainland China which might harm Taiwan's interests," said a dealer. The 321-issue Weighted Price Index slipped 50.86
        439 words
      • Article
        New Zealand
        281 24 +0.75 Stocks gained, as a bond rally helped boost Telecom Corp of New Zealand and retailers. "Lower interest rates are helping general market sentiment," said a trader. Shopping mall owner St Lukes Group was among rising stocks, amid expectations that lower rates might boost consumer spending. The NZSE-40
        281 words
      • Article
        Bombay
        108 24 +25.15 Share prices rallied to finish broadly higher, helped by speculative demand after foreign fund managers bought selectively for the second straight day. The 30-share BSE Index closed up 25.15 points to 3,400.25. The 100-stock National Index rose 4.05 to 1,552.61. "The market attracted fresh commitments," said a broker.
        108 words
      • Article
        Manila
        548 24 -7.25 Share prices fell as more profittaking pushed blue chips down further. Analysts said the fall was due to profit taking on major counters and that fears of higher inflation and higher interest rates were still in the air. The PSE Composite Index lost 7.25 points to 2,743.49. Turnover
        548 words
      • Article
        Seoul
        451 24 +16.9 Stock prices soared, led by in-dex-linked blue chips on rosy market prospects. "With a blue-chip rally ignited by institutions, bargain hunting interest spread quickly, cheered by funds from the US and Japan," said a broker. The Composite Index punched through the psychological 1,000-point marie to close at 1,009.47
        451 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        849 24 Britannia Funds Stcrtiag Caafc BU OCkr Mim Cay DOOM M.6400 M 6500 Mm Jenrv G* 0.1(91 S I992 Ma Mai lacoat *0.9100 *09*00 USt Cask laconic PW> Faad 9.7100 10.1000 PS S tarn Faa* *5 5400 *5 5 W0 SMrtiaa E^aity Euro Pafcniiw .0.4592 0.4911 Far East Faa4 *2.7650 *2
        849 words
      • Article
        London
        697 24 +20.1 SHARE prices closed higher buoyed by Wall Street, but with interest hopes tinged with doubt after the latest set of UK data showed robust money supply growth. Higher FTSE 100 index futures and firmer gilts, boosted by Bunds, helped prop the market up, although mixed to lower US
        697 words
      • Article
        Paris
        135 24 -18.7 French shares closed weaker in futures-led trading, having turned lower from early afternoon onwards on selling by foreign investors, notably from the US. Investors took profits as they realised that details of the 19% budget plan, released in late morning, had little that was new. The CAC-40 index
        135 words
      • Article
        Stockholm
        135 24 -12.44 Swedish shares sagged as brokers scrambled to take profits after Tuesday's surge, with brokers saying this was apparent considering that rate sensitive shares were still strong. Volvo backed off Tuesday's high, falling 3.0 crowns to 174.5 after the vehicle maker reasserted rumours of a takeover or merger were
        135 words
      • Article
        Zurich
        212 24 -4.5 Swiss shares closed slightly lower in heavy trading on the Swiss franc's sharp rise against the dollar. The SMI Index closed 4.5 points lower at 3,029 and the SPI Index shed 3.84 to 1,977.12. An analyst said the Swiss franc's strong appreciation against the dollar pushed share prices
        212 words
      • Article
        Johannesburg
        381 24 10.2 South African shares ended a slow day mixed, with golds falling on a disappointing bullion price and industrials slightly higher in the absence of fresh factors. "It's taking a breather. There was no followthrough from the US last night and the market is just churning at these toppish
        381 words
      • Article
        New York
        781 24 +29.27 US stocks rose after AT&T Corp said it will split into three companies, making each of its parts potentially more valuable. Optimism about more mergers and acquisitions helped technology shares gain. Shares of AT&T rallied as much as 7Hi to 65Vi after the company announced the split
        781 words
      • Article
        Frankfurt
        176 24 -10.93 German shares were lower in quiet trading, with sentiment dampened by the decline in the doUar following the larger than expected US July trade deficit. The market was lower across the board, with cyclicals registering the highest josses but banks also recording small declines after bucking the trend
        176 words
      • Article
        Milan
        148 24 +0.13pc Italian shares edged firmed in quiet trade helped by firmer domestic bonds, a more relaxed approach today's September inflation data and signs that buying was returning to some big stocks at the start of the account. Olivetti continued its surprising bounce, rising 1-56 per cent to 1,367 lire.
        148 words
      • Article
        Amsterdam
        299 24 -0.49 Dutch stocks closed lower after the dollar's afternoon decline pulled the index back from an all-time high it reached earlier in the day. The EOE Index fell 0.49 point to 471.96, after reaching a record high of 476.68 points. The decline was led by insurer Aegon, publisher Elsevier
        299 words
    • Article, Illustration
      Lock icon HONGKONG
      2434 25 Bloomberg Business News HONGKONG Stocks fell to their lowest levels in a week amid concern that disappointing earnings from Hopewell Holdings heralded slack profits for other companies. The Hang Seng Index fell IS. 18 points to 9,630.% The All Ordinaries Index fell 15.57 to 4,652.69. About HKS3.9O billion worth
      Bloomberg Business News; Source: Bridge Info  -  2,434 words
    • Article, Illustration
      Lock icon CHINA
      529 25 CLSA IN Hongkong, the H share index lost 11.37 points to 1,021.61 on turnover of HK.57.28 million. Hai Xing Shipping was the most actively traded counter, closing 2.S per cent lower. Dongfang Electric was the worst performer, slipping 3.8 per cent. Shanghai B shares edged down 0.1 per cent
      CLSA  -  529 words
    • Article, Illustration
      Lock icon TOKYO
      2446 25 Bloomberg Business News TOKYO Stocks fell on concern that the larger-than-expected government spending package still won't be enough to turn Japan's economy around. "The size of the package was impressive but it did not mention lowering taxes on land and stock investments," said a trader. The Nikkei Average fell
      Bloomberg Business News; Source: Bridge Info  -  2,446 words
    • Article, Illustration
      Lock icon BANGKOK
      1432 25 Reuter BANGKOK Stocks moved in the negative zone all day amid gloomy sentiment but the index finished off the day's low after late bargain hunting, brokers said. The SET Index lost 10.96 points to 1,312.47 on 4.2 billion baht turnover. Falls beat risers 230 to 66 with 98 counters
      Reuter; Source: Bridge Info  -  1,432 words
    • Article, Illustration
      Lock icon JAKARTA
      1117 25 Bloomberg Business News JAKARTA Stocks were little changed as falls in timber-based companies were offset by rises in cigarette and snack food makers. Plywood maker Barito Pacific fell 100 rupiah to 1,950 after announcing that first half profit fell 62.5 per cent to 38.7 billion rupiah, below market expectations.
      Bloomberg Business News; Source: Reuter Info  -  1,117 words
    • Article
      CLOB INTERNATIONAL
      2193 26 Gf Gr IMS Last Vol Day Last QMt Mr Dt* YU Net M Cm HlBh Law Sow Company Sab COM) Hick Lao Buyer Setter Or P/E Sarii MALAYSIAN STOCKS 47S 196 m 5000 AISB 50c 390 1-2 48 400 388 J90 394 3.0 -2.9 a2 4000 127 77.3
      2,193 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Bargain-hunters give a modest boost to market
        6426 26 Bloomberg Business News KUALA LUMPUR Stocks rose as investors bid up shares whose prices appeared low relative to earnings after six weeks of declines, analysts said. 'The fundamentals have not changed, and the prospective price-earnings ratios of companies are down to around 18,"
        Bloomberg Business News; Source: Bridge Info  -  6,426 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7793 27 •ana Or Cr M Ml c JM» LmQhK Hi n>VH IM (aa A»g High Lw. SIM C—f*, Sale (DM) High U. Ba,cr Seller CV P/C Wall Price —MJITHMU. AND COMMERCIAL 210 110 1251 Acer SOc US IS7 wi unch 1)1) 188 183 117 |88 12 7 309 6 IS 22
        7,793 words
      • Article, Illustration
        Lock icon Sesdaq, Clob shine as blue chips fall out of favour
        1674 28  -  By R Sivanithy SINGAPORE Gains on Sesdaq and renewed interest in Clob International featured in the local stock market yesterday as investors avoided blue chips. The lack of interest in the mam board pared 0.7 of a point off the
        Source: Bridge Info; Source: Bloomberg  -  1,674 words
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      445 17 NEWS VALUE Maritets gh* the tfcwnli lim to Tekje's 14 Mm yea package (pg I) Looks like bad times ahead for Japanese stocks as asset deflation seems stubborn, having not responded to historically low interest rates and pump-priming measures. NK praperty glaat slashes fllal print hi hM to beat tfct
      445 words
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      186 18 T™— Investment Properties let to Top Quality National Restaurant Chain 10+5+5 YEAR LEASES UP-MARKET POSITIONING AND FINISHES 7% TURNOVER RENTS LINK GROWTH TO IHNING/FASTFOOD INDUSTRY Minimum rents CPTd Good suburran locations Foe tfKfuints of Bfodwri phooc*. Mr. Eddy Wong on: Michael Corr or Lance Gorme on: Leung S d 6
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      72 18 C-Teai Dfirks Great XtfiC ftr ftanvtf I $5 mi lake an original evening. Add a dash of live music. Sprinkle with laughter and the latest gossip. Served with finger-licking snacks. And you have the Clemenceau's recipe for a sensational great time. Happy Hours: 5-8 pm. Opening Hours: Sun Thurs (11am
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      225 19 1 (ira jri) ii wr cast flow rai <o winters (or toor tasiiess belling on competitive credit terms can leave you with tight cash flow. Funds that could be better utilised in your company's growth may all be frozen in accounts A International Factors has a solution: Factoring J J|
      225 words
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      Page 19 Advertisements Column 2
      577 19 PCM PACIFIC CARRIERS LIMITED (Incorporated In the Republic of Singapore) The Directors of Pacific Carriers Limited wish to report as follows to shareholders:UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30TH JUNE 1995 The Group The Company 1995 1994 Variance 1996 1994 Variance £QQQ £QQQ Itxx) rooo 1(a) Turnover 62,296 66,287
      577 words
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      215 20 JOIN THE SUPERBOWL GOLF COUNTRY CLUB FOR A WELL-ROUNDED LIFESTYLE V y t* *v flffffHll J.: V 1 wKmBBPSr s w i A Formerly Marina Bay Coif privileges at the islandwide Country Club, the all-new chain of Superßowl leisure mBKm Superßowl Golf Country and recreation centres. Right Club is for
      215 words
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      89 20 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Ilong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      89 words
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      274 21 v: '•>'•' A.' i *1k r i > 1 t X, W **■■■■*'■■< f A: V* >•* i f'. K *'<i r .V->: ■<* A ?.-\i < t n r -"<*-* ■f ft 1| IB I 4 II I I fe St ||Si > > 5 ■>• u>^uA(jfLc t .Jr
      274 words
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      1042 22 In The Matter Or DGR PACIFIC DISTRIBUTION PTE LTD (MMHbm* Votantnry LiqaMattoa) Notice Of Final Meeting NOTICE IS HEREBY GIVEN pursuant to section 308 of the Companies Act (Chapter SO) that a Final General Meeting of the members of the abovenamed company will be held at the office of the
      1,042 words
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      49 22 You may hava baan unabta to gal your Bualnaaa Ttanaa, Straits Tlmas, Sunday Tlmaa. UanHa Zaobao and othar da«y nawapapare from your uaual nawaatand bacauaa ct tha htghar damand iataly. To anaura a dally oopy, oal Cuatomar Sarvtcaa Sactton on 1800-740-2577, and aak tor homa or oWoa da>»ary aarvtoa.
      49 words
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      138 23 Her World Win $60,000 Contest from now till end Sept. j* A Dream Come True... Imagine this... you're lying down on beautiful sands, tanning under clear blue skies and feeling the breeze, the sea. You!re enjoying 7 days of exotic stay in Mauritius. Wondered how you can make this dream
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      20 23 As and when the latest LmmktmJ Rotterdam prices are sot available, tbe previous tradiag day's dosiag figares are carried tatead.
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      61 26 SINOAPORI THE HOUR GLASS Takashlmaya Shopping Centre Tel. *****20 Lucky Plaza Tel. *****62 Scotts Tel. *****27 Centrepoint Tel *****98 Peninsula Plaza Tel. *****09 Raffles Hotel Tel. *****41* World Trade Centre /i/ Tel. *****51 Changl Airport Terminal 1 (West Wing) Tel. *****60. Terminal 2 (South Wing) /jiL frn Tel *****81 MALAYSIA
      61 words
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      66 27 HERMES Sot® Agent DICKSON WATCH JEWELLERY (S) PTE LTD PARIS A wholly owned subsidiary of DICKSON CONCEPTS (INTERNATIONAL) LIMITED I M DICKSON WATCH A JEWELLERY; THE PROMENADE 300 Orchard Road #01-03 Singapore *****1 Tel: *****00 I i^H CENTREPOINT-176 Orchard Road #01-05/06 Singapore *****3 Tel: *****22 IB SUNTEC CITY MALL 3
      66 words
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      60 28 _Li— AB, or to obtain Retails on bow jt test drive, Motor Sif gaporft.Ttle^^^^Aljifo L, ft L— 1 I transaii |ri only one thilg yoT^nH^m^H^^^^Hß w •^v-Fia We threw out conventional transmission systems. 'ii 3 < x Conventional controls. And conventional working hours. And .it worked! The new Audi A
      60 words
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      31 28 JK. *****2522T tj§ TJ» IoH *jj j3j *25 DB MwMaOrtMM «jM MM Ut «uM »»H»- MM mm. MM MM Pub*Mwd by Jmdn» Owning WwionM Tcurtlw Urn—d (Incorporwd n BhMh Wgin WwwJ)
      31 words
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  • ShippingTimes
    • Article
      Lock icon DAILY FREIGHT
      557 29 Reuter Knight-Ridder THE Baltic Freight Index eased two points to 1,997 but some brokers say conditions are steadier than last week, at least for panamaxes in the North Atlantic. Latest grain fixtures US Gulf/Far East seem to support this view. In addition to Cho Yang's fixture of Clipper
      Reuter; Knight-Ridder  -  557 words
    • Article
      Lock icon UAE plans to set up its first major shipbuilding venture with US firm
      419 29 AFP ABU DHABI The United Arab Emirates (UAE) has approved the creation of its first shipbuilding venture in a preoffset military deal involving Newport News Shipbuilding company of the United States. The Abu Dhabi Shipbuilding Company (ADSC)
      AFP  -  419 words
    • Article
      MARITIME STOCKS
      331 29 scs 'OOP Sep 20 S$ Vol CWT Distribution 1.50 unch 88 Chuan Hup Holdings 1.25 unch 288 Cosoo Investment 2.14 -0.01 135 Far East Levingston 6.35 +0.05 215 Freight Links Express 0.75 +0.02 84 GB Holdings Ltd 1.03 +0.02 457 Hai Sun Hup Group 0.925 unch 220 Hitachi
      331 words
    • Article, Illustration
      S'pore-based firm takes stake in Subic Bay marina project
      472 29  -  By Alec Almazan SINGAPORE A Singa-pore-based consultancy outfit specialising in marina development is taking a 10 per cent stake in a US$l3O million (S$ 188.5 million) marina project in Subic Bay. Local company Marine Leisure Pacific Holdings (MLPH) Pte Ltd is
      472 words
    • Article
      Lock icon Road safety campaign leads to pile-up at ports
      272 29 AFP HANOI A campaign to improve safety on Vietnam's treacherous highways has taken thousands of trucks off the roads, causing goods to pile up at ports and trade to fall, according to a report on Tuesday. Trade had declined because goods were
      AFP  -  272 words
    • Article, Illustration
      Lock icon The double headache Marine Department director has to endure
      661 29  -  A special focus on people in the shipping industry By Rahita Elias Regulations are pouring out of the shipping industry's watchdog International Maritime Organisation with growing velocity, says Marine Department director Teh Kong Leong. In fact, this trend represents the department's
      Photo by Chris Loh  -  661 words
    • Article
      Sisir signs pact with Norwegians
      237 29 SINGAPORE The Singapore Institute of Standards and Industrial Research signed a collaboration agreement yesterday with Norwegian Marine Technology Research. Under the deal, the two organisations will cooperate to upgrade technology, research and development and provide technical support to the Singapore marine industry. Sisir chief executive
      237 words
    • Article
      Lock icon Viet fishermen rescue 23 pirate victims
      228 29 AFP HANOI Vietnamese fishermen have rescued 23 sailors set adrift in lifeboats after their cargo ship was attacked by pirates off the coast of Thailand, police said yesterday. The Cypriot-registered Anna Sierra was attacked by pirates in the Gulf of Thailand last week and
      AFP  -  228 words
    • Article
      Hitachi Zosen to build two LPG carriers
      95 29 SINGAPORE Hitachi Zosen Corporation has received an order to build two 18,000 cubic metre liquefied petroleum gas (LPG) carriers for Norsk Hydro AS, the largest publicly-owned industrial company in Norway. The vessels, which can also transport a variety of other products like ammonia
      95 words
    • Article, Illustration
      Lock icon Making sure the delivery arrives
      1165 30  -  Carriers go out of their way to locate or make reparation for missing items, even when the shipper is at fault. William Armbruster says this is to maintain a good tracking record William Armbruster Journal Of Commerce OU have just j I shipped a new
      Journal Of Commerce  -  1,165 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      323 30 P^e •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrenkiel 4 •Appcnship 4 Astro 10 Austral Avant 6 BSA Batamindo 7 B'tang Mas 10 Bright Express 6 •CCN1 4 •CMA II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho
      323 words
    • Article
      THE SHIPPING GUIDE
      10483 36 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 ETA A*wtmr Va ml Voyage P| t« Oast'a Nam Nam Na. Na.
      10,483 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        657 41 i* H» fcrih IWwl OnHftot Jwmc tort 2 Ca&ya Mm 11 aioflgs** 2109/0030 (BfT Kamera 6/95 J1 atongade 21.09/1500 WT) Mttar 11 ator«afc 2109/0700 Mm 23 110/11 akxvide 21 09/0600 Batam Murnt 09/05/95 12 **«sde 21.09/2300 Own Sun 1(7 S8 17 21.09/1500 Hondo 112 aton«ade 21.09/1300 1
        657 words
      • Article
        CONTAINER SCHEDULES
        1706 41 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Record Boofcnt/Batance Wh Ship Itoy Wo Etb/Bto fertod fwi T» Frow ta Mt gg 21/1/00 IB 20/1500 20/1659 20/1900 Aa Uy 067A 23/1500 IB 20/1500 20/1669 20/1*0 4 21/1200 21/1*58 21/1708 Ma Bhurn 220S 23/0700 3 21/0700 21/1159 21/1400 4
        1,706 words
      • Article
        GLOBAL HOLIDAYS
        201 41 SEP 24 Israel: Jewish New Year (to SEPt 26). Sooth Africa: Heritage Day. SEP 25 Israel: Jewish New Year (Rash Hashana). South Africa: Holiday. SEP 26 Israel: Jewish New Year. Yemen: Holiday. SEP 28 Australia: State holiday in Victoria, Melbourne Show. Taiwan: Teacher's Day. SEP 30 Botswana: Independence
        201 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Air passenger growth forecast to grow 6.8% this year
        386 42 Reuter KUALA LUMPUR The International Airline Transport Association (lata) said total international scheduled passenger growth will increase by 6.8 per cent in 1995. The association is forecasting an annual average increase of 6.6 per cent for the five years to 1999,
        Reuter  -  386 words
      • Article, Illustration
        Lock icon Plane wild about red
        41 42 Reuter GOTHENBURG, Sweden SAS unveiled the new red design on its domestic planes at Landvetter airport in Gothenbwv recently. The newly designed planes will be used on flights between the three main cities in Sweden, Stockholm-Gothenburg-Malnioe. Renter
        Reuter  -  41 words
      • Article
        Lock icon Sri Lankan airlines hit badly by domestic flights ban
        242 42 AFP COLOMBO Private airlines are suffering huge losses following a ban on all domestic flights imposed by the government out of fears that Tamil rebels may hijack an aircraft to bomb parliament, operators said Tuesday. A spokesman for the Civil Aircraft
        AFP  -  242 words
      • Article
        Lock icon Canberra seeks to improve air freight services
        113 42 Reuter CANBERRA Australia will investigate how to improve its air freight services, Prime Minister Paul Keating said. "I have asked (the responsible ministers) to look at the state of our infrastructure and our distribution system and the world air freight business and deliver
        Reuter  -  113 words
      • Article
        Lock icon Cause of China's air crashes lies on the ground
        497 42 UPI HONGKONG By some estimates, China is the most dangerous place in the world for air travel. But you can't blame the equipment. In the past five years, China has been one of the top customers for the world's big three
        UPI  -  497 words
      • Article
        Lock icon THAI repairs jet it has sold
        253 42 AFP BANGKOK Thailand's state-run airline has ordered an investigation into the sale of a damaged aircraft for a bargain US$l.7B million (552.5 million), which was later found to be undergoing an expensive overhaul. In a statement released late on Tuesday, the company said Thai
        AFP  -  253 words
      • Article
        Lock icon Tough for MAS to get more landing rights: analysts
        391 42 Reuter KUALA LUMPUR Malaysia Airlines (MAS), in search of increased business, faces an uphill battle to get more flights into Australia and France despite its recent tough talk, analysts said yesterday. MAS chairman Tajudin Ramli last week slammed Canberra for blocking
        Reuter  -  391 words
      • Article
        Lock icon SAS introduces ticketless check-in
        106 42 Bloomberg Business News COPENHAGEN Scandinavian Airlines System has introduced ticketless travel and automated check-in on Swedish domestic routes. Under the "travel pass", passengers can make their own reservations and check-in on a touch-tone telephone with an SAS talk-back service 24 hours a day. A travel pass
        Bloomberg Business News  -  106 words
      • Article
        Lock icon Denway's Peugeot move proves costly
        102 42 Bloomberg Business News HONGKONG Denway Investment Ltd, the Chinese partner u venture with France's Peugeot Citroen SA, said it lost HK557.96 million (S$ 10.85 million) in the first half, as sales of its mo<^e crashed. The loss, which followed a HK.5148.60 million loss for the
        Bloomberg Business News  -  102 words
      • Article
        Lock icon Toyota set to double Daihatsu stake
        85 42 Bloomberg Business News TOKYO Toyota Motor Corp was set yesterday to announce plans to double its equity stake in Daihatsu Motor Co to sightly more than 33.3 per cent to assume management rights in the Osaka-based carmaker, the Nikkei English News said. Japan's leading
        Bloomberg Business News  -  85 words
      • Article
        Lock icon Tokyo to ease domestic airfare curbs
        95 42 Reuter TOKYO The government has said that as part of its economic stimulus package, it would ease restrictions on domestic airfares, setting up a study group on the issue next month and implementing changes within this year. The Ministry of Transportation said it expects
        Reuter  -  95 words
      • Article
        Lock icon US car makers plan private computer network
        266 42 NYT DETROIT A car industry group plans a private computer network, similar to the public Internet, to serve US car makers and perhaps eventually the business community in general. The network would allow the country's Big Three car makers to exchange information and
        NYT  -  266 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1318 42 AIRCRAFT ARRIVALS DEPARTURES ir w n» nm n» AtoiMaM GA896 0060 GA96S 1215 G*97S 1336 SQ441 1506 M*M> QF081 1930 QF062 2065 SQ228 2066 KL843 0456 KL838 2300 SQ025 0660 SQ026 2366 1335 KI&37 1450 SQ347 0655 SQ286 2040 S0288 2Q45 M lagm BM2I 1106 SQI82 0915 SQ18I 1410 BM22
        1,318 words
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      1343 30 I OTHER DESTINATIONS I I NORTH AMERICA I I D«ct CAU.TOwtorto«»T*e)6 1 I 1 _—T"irrwnArtrmttitiTOCTmoi l i»«BTcoiOT 1 «i wt mm BiM U qm *a m m nom ok wt |ncoarr| «kb Ivor! j W riu ~~55 SHS Tvi» WW* [gJgWg W'| \V" ''/"I M\ fn/"] »/'U */jj| uummvm m
      1,343 words
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      Page 30 Advertisements Column 2
      198 30 Ums and when rcprmnttd by Shipping Awociitkwi. for advertising enquiries, contact Shipping Times. Tel 740-2069 PORT SHOTS The latest In sea, air and land transportation Shipping Times Monday to Friday BusinessEmes jSSMMMMMk H BUFFALO 2VOO 29/08 i"1 iTTTIBHII I ■hereke 4 oano oe/io mhw I J HFATSAB Jcddah/Aqaba/Rawanna/PtSald I ■gOKCELI
      198 words
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      2630 31 1 MOflC SOUTH WIST EXfttSS (DWKD vcsa wr aim giro lax I oti I i— I coi I aoi Ihomlmklnob mmwmmm m. n/w n/w 00/io io/io n/n iyio iyio u/io u/i> is/io »o/io ca 3* w/w 177i0~ ~ii7io~ ~"ij7io~ ~io7io~ ~57ir~ ~viM~ "S7ii~ 1 m I 05/n I 04/10 a/10
      2,630 words
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      689 32 ii rasa m ham nm ant im sua pjbam sm hb uo no sn ok mc lw M lf/» nCI M M ia/» IVI HA lift n/> umwKHtfßitwßs lifer ~&f~ «2% ~M I m ifo "w~ W~ jjfl wT" ~M~ mKHiTBWBs "ii/w" "W~ wi m w» m DiT wj njr~
      689 words
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      Page 32 Advertisements Column 2
      1265 32 I NORASIA" V—• VOV MN ALQ LAB KL VAL NAM MB HOT ANT FEL LMA 2LI 22 52 'W w« wi wi- 17/w 17m iw St* m 17/11 WI «vn a/u am mo wm ant SJ2JJS2T HE fK! arw <w* mm 11/11 n/w «/n !2* y 1 2J5 «ni mhi
      1,265 words
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      Page 32 Advertisements Column 3
      508 32 JAPAN/HOMOKOMO/STftAITS RKOULAM KIMCf LOADING FOR PORT KLANO/PCNANO m >fowt p.ouoano wa Tw IBH T~r»~ iimp -a»g"aig~ Ltw m a» aw aw »m MIMWC I M» n» I -jyw T--nW- aWmawuimmmw 1 a» tiqct wtbmn«o a a» moct WTO u Bj OCT MOCT TAMA OMEAM 1 B OCT tl OCT MOCT
      508 words
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      1190 33 STRAITS SHIPPING PTE LTD II Nm Chia«| Rmml #11-91 Koppol Tnmi jNgW 0208 T»l; *****81 Fax: 2»i117 UJslfJtill ww omiu pacific um (A SERVICE OF CHINA NAVIGATION CO) CAMO DUE SAL CdW V CDMMKH «r« RAtta Mas* 23 Sm as* 1 jrrrmwriHOPf VHIK MMn.KX.lat 22-23 S* 24 S* 2lta WBB.UX
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      Page 33 Advertisements Column 2
      1674 33 Wa B&O Containers (Singapore A9tatM> First Class Connections WORLDWIDE Te,: PNoSiMteSmSjsn CR Number *****9 *****Z EXPORT I IMPORT T~ t sss-~m sr. paras s.!? 0 r sr. nr. sr. a i» j«, i SSB&T S3 35 S3 S3 IKS IKS 1"" |g j_g» S3 S3 gS 3S MAERSK NANHAJ 9612
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      Page 33 Advertisements Column 3
      486 33 MNM2IIM2 n« M M MPORT M 2M 2M M BMB BMB SMIT Mil SEARAMMMM2 2MB ttM 2S-2MB 27M 2MB BVW "W 12/W W «7w~ "MO" S7/W T" NMHM222MBW 2MB 21MB 2MB 24-2 MS 2MB 2MB BVW Ml MB "StT "wis 1 Unf wmmru/mn mm wm am smmb smb bmb smb
      486 words
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      Page 34 Advertisements Column 1
      1075 34 MP ROM ANW HBG THP LHV LMV THP RDM ANW HBO PKL SOP Gi GENERAL RW-043 2VI 15/14 14/10 17/11 11/11 E. QIANT RE-M1 311 31/1 1/1 11 3/1 211 271 GtROUNO RW-017 3U 21/11 21/11 22/10 24/11 25/10 E. GIFTED RE-M1 11/1 121 131 141 15/1 Ml 11/11 E»
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      Page 34 Advertisements Column 2
      776 34 PERSIAN QULF ■VHia VOT t» S3 AM mm MM KWT M> Hum comma MMMW am «/io as/io m/ii «nt JL !TL uM ONWARD 03»-»15W 7MI Ufll IV* HflS !S5 UM CHART 0»? a»* 0710 17/11 IVM I*lo 2*ll Ji£! I}C! Hum crown MMTTW U/io M/H 2*ll ™JJ MJO ACCEPTMG FCI
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      Page 34 Advertisements Column 3
      597 34 BWCiram MAWNi AOKCKI (8) PTE LTD TIL: *****99 (12 UNB) FAX: *****18/*****09 TELEX: R8 *****IWMP (9 UnM) CR NO: **********0E ACCEPTING FCL AND CONVENTIONAL Voy RTA LaaM^lor Atoyot 41WB 20/10 'ft"**'* P* 00 NdMMt 40WB 07/12 MombwDpboUl A—b.M—— B^MHUNBlttߧf FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING BOTH PCL/LCL ALSO ISO/SOC kxfokt
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      Page 35 Advertisements Column 1
      1570 35 **Svg it 1 HMM,ODESSAANO COWTAMTZA VIA umassoi *"WWI I»WfU 4fift. TH (Bntnl): miMt lllnJMt/l( Aftttr Otpt COSTAR SHIPPING PTE LTD uiJ%Z%%:'" Ct 'L'ZZL *mn, IS*—f»*rtl7M rmi. C«»PMM «HM A/O UN 7*B Cttwttlltttl U***** Olt llif Ttmtr t Sthfftlf f" >««*» (rtiMttht CKI <«»'» Cft Ifmul i?tS7Jt «wm iin s?*:! i..
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      Page 35 Advertisements Column 2
      751 35 HEUNG-A SHIPPING (KOREAN FLAG) I C» NO: **********0 I RMflf COMmittßO SttVIQ MCNQM PMttCT PWCS $VC HMOI SVC IWf OS XF IBS PO Mt VOV OS OS IK y»-.'iZ!L iizw nm. 2M. WZIL «ZI» J*Zll jSll otgttss ~mn IJZS_ um »fl9 "ww" aiMoa MM 55 15/w w/w 3>/w >7/i> n/19
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      Page 35 Advertisements Column 3
      538 35 I FAMOUS CONTAINER UNES jj 80 ROBINSON ROAD, #22-02 SINGAPOREOIO6 I' y HOT UNE; *****33 (30 UNES) j I WE PROVIDE I: Weekly Sailing j DIRECT CONSOL to J HAIFA ASHDOD j also accepting cargoes to TIL AVIV, JERUSALEM, REHOVOT BEER-SHEVA RISHON-LEZION r Call us lor details i *****33 Ken/Sylvia/Ramlah
      538 words
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      1124 38 VESSEL VOY SIN JKT VFSSfI VOY *m PEN >•:■ (vniK VOY lut BKK OOOOEA3Y- us Frl 1 22/09 Tu a/OO OURUBHU* £141 t»u Ijnw J AKA BHUM 2203 Sat 23/09 Tim 20/09 THANA BHUM 138N MOW 28/09 Wad 27/09 H £5" NAWABHUM 118 Mon 28/08 Thu maw" OURU BHUM 8143
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      Page 38 Advertisements Column 2
      818 38 7* ANSOW ROAD, >21-01, SINGAPORE 0807 CR **********0H rrmrra murm wwvice L PORT KLANO PENANQ vtMti I w I w no. vena vcv sw pen j_ KRISSA 002N 21A» THU 2209 FRI DRAGON NIAS 53* 21AWTHU 2309 SAT EM 102 A 2MB THU 2309 SAT XQUR SPORE ***** 23*19 SAT
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      553 39 M MYANMA \BBBk FIVE STAR UNE mymmm IM Um) Iwidhf for Tw|ii |I-|ih) msa hot i pis m kn r--mm i JM PftCAM 223W 05/10 MUYSU MMTSc 006 SHAD SMPPM6 AGSKKS ML 1H 01-03-MI73M ML TH tl-t3-37M1t1 POt m 01-04-U***** Nfc TH 01-07-151IM1/4 BANK UNE (A unto of AMrtw WMr
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      Page 39 Advertisements Column 2
      1010 39 ADVANCE CONTAINER UNES (PTE) LTD API 140 C«cM StrMt #12-00 PIL BuMdtng. Singapore 0106 M L« Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. 16S38MOOOOE MAWftltlWr lif-M >. WM I W|M| m OB VM Iwr I JP I 1 IWAiMW IWBO law Ul vm Wri Jimn M_
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      Page 39 Advertisements Column 3
      658 39 VfaS&fcLS «w lEH«WE ItAMBUBO TIIMWOHI ROTTERDAM AKTWBW* VBI£OEUBRA LIIW »W 17/10 16/10 20/10 21/10 23/10 WLLEDE NORMA NIIW 08/10 24/10 28/10 27/10 M 3VW V-LED6CAWNA QIIW K/10 31/10 01/11 03/11 OVII OVII J Wl£CEtfc«iw Sim 17/10 07/11 01/11 Wtl 11/11 tyil **-®0 ACCGPTMO CARQO TO ALL U. K. OCSTMATIONB. AND
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      Page 39 Advertisements Column 4
      81 39 __<<& PRO LIME j UWTH)« CO.. MM, HMMURC OONTAINEK/nUEAKMJLK SBRVKE LOAOM6 FOR SOUTH AMBUCA 11 m VOK BUR IMB no SMTOS PM BKOLKMKMFF m U HM M HUMMM. tn «VN ant M/ 11 uni NTH nnt www m iww a/11 «z/w wn mmmwum i» tvii a/n «/ti tvtt mi ma
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      453 40 > AFGHANISTAN MAM Afghanistan Ltd., Bttpß Hairatan, Torghundi, Islamqala (Doqhanjn) CIS./RUSSIA: Alma Ata. Ashkhabad. Baku, Dushanbe, Militzer Munch Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, International Forwarders Novosotoirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Ulaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA ALSO ACCCmMQ CAMO TOl AWCA,
      453 words
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      Page 40 Advertisements Column 2
      203 40 11 cosco EXPORTTOe CMNA/HONQ KONQ europc/contmental WBT MBXTMUNUN AUSTRALIA wwronwccAir PERSIAN OUtF/KARACM Plmm rafar above manttonad aarvfeM to China Ooaan SNpotng Co. ROwStilSSinSni El f riEiunE i miccMTi—Ma VESSEL SOP* PEN* PKL+ HKG SHA QtN TUOHEAJIB7 18/07 17/07 19A>7 2SAJ7 29*17 01/08 WEI HE/0180 28A>7 27/07 24*07 06AM OMB 12AM
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      Page 40 Advertisements Column 3
      757 40 MAC-WELS SPORE: *****22 (24 UNO) KUOJNO iohxmuj l"l\-/\ J SJBU: (064) $***** MANLA* (662) *****61 I PENANQ: (04)*****6 BANGKOK: (662)*****37 SURABAYA:OI)26I66O P. KELANG: (03) *****77 JKT: (21)*****07 MD* (61)*****3 BANDUNG: 02) *****86 1 ASIA HKG/TWN/BKK|GENO A/EUROPE I SSS M M) 9 OT IS hSSmISm Ldfl/FUflttm/AnWam/Loh 23/09 24/09 25A» I- 27/D9
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      Page 40 Advertisements Column 4
      265 40 SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILIMftS VBSa H SM M R DM a <ui uTOvm b/m a/it a/ii it/11 n/11 n/it IMI nr *Aho cads E.L 4 P.E. MALAYSIA AGBfTS: T~ PORTKBANG TG. MAM IB: *****00 TH:34t23t SUI AGOITSe KOtl KMAIALU UHNJ IE; *****7 TE.-*****& (FOREST PROOUCTS SERVICE) 1 EUROPE
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      119 41 A NIPPON EXPRESS (WofWwid* Contolidotion Syttem) FIXED WEEKLY DERARTURE ARRIVAL Ta Arrow U.S.A. iTEWWGTSn (TDSMGAPOKf ■MMHtflflfttfl IVBtY MOMMY (uumskacn EVERY THURSDAY ETACMCAGO EVERY TUESDAY Arrow Europe (17 OAVS TRANSIT ONLY) ■ffITTTRffIS fTosTow ■iiifeltUMSl EVBY SATURMY HA FfUXSTOWI IVBY TIKSMY MJSfSffWIXM nosToti ■tMlUiuriMH Everr Thursday ETA ROTTERDAM EVBtY SUNDAY Also occopting
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      Page 41 Advertisements Column 2
      140 41 GOLDEN LINE A GUAM GUAM SHPFWG V& (PTE) LTD li l 23, T*«k Mwt MKMFONE OXO4 TEL 5343 MC (10 LWES) Fac *****04 auur «i»vic» S-pore P.Ketarg Pens* GOLDEN GRACE K»*MXO»**wt N PORT OOUW KM KaracVDub**uwa* O^lOOct CMIHA 111Y1CT GOLDEN WONDER Shanghai 26/29 Sep 28U29S*p 26/28 Sep MiiTAiHttmng MWHNIENB Star
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  • Page 41 Miscellaneous
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      Page 41 Miscellaneous Column 1
      125 41 REGIONAL WEATHER 108 100 C LfGENO: V S^tT* ,WTTI "wwlw C with tp««d in knot* VSUsc, w< t J I'.L fl i— -1 'vtl WWW OrV "WvOTWi 0y OrrOWf WTNuI Try wiin TTW w»w On* ful cird* r*pr***nts coim or Sght and vanabl* winds i_ On* half fl*ch* r*pr*s*nts 5
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      57 42 M.V. "SOUND ROYAL" VOY. 2 ARRD 14TH SEPT 1999 Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 22nd September 1995 0900-1200 hours at PT3. No further survey will be entertained thereafter. As Agent*: "K" Line Klnkal AB
      57 words