The Business Times, 3 October 1995

Microfilm: NL20029
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    12 1 SINGAPORE BusinessTimes WE KNOW ASIA MITA(P) 194/12/94 Tuesday October 3 1995 85<fc
    12 words
  • Article
    Lock icon Dow falls 14.81 points
    76 1 Reuter NEW YORK The stock market fell in the opening session of the new quarter yesterday as worries that the economy may be sputtering hit Wall Street At 2 pm EDT, the Dow Jones industrial average was down 14.81 points at 4,774.27. In the broader market
    Reuter  -  76 words
  • Article
    Untitled
    143 1 IMotdiy n>nTigc STII 2,120.19 +0.16 KLSEComp 984.12 -16.48 Nikkei 17,739.84 -173.22 Haas Seng 9,724.98 +78.64 SET Index 1,289.96 -4.27 Jakarta Comp 490.56 -2.68 Manila Comp 2,629.21 -0.04 Taipei WPI 5,045.62 +12.56 Seoul Comp 975.79 -6.86 Bombay BSE30 dosed CLSA China B .closed Aust AllOrd 2,137.7 +2.0 FTSE 100 3,520.2 +12.0
    143 words
  • Article
    Jakarta enforces tough new market laws
    506 1  -  From Leslie Lopez in JAKARTA TO IMPROVE the image of its stockmarket, Indonesia yesterday approved a new capital markets reform bill which features stiff penalties for market manipulators and greater muscle for the country's chief securities watchdog. Analysts say the new laws, a product
    506 words
  • Article, Illustration
    Daim raps KLSE regulators for not prosecuting market manipulators
    637 1  -  Fin Ho Kay Tat in KUALA LUMPUR THE economic adviser to the Malaysian government, Daim Zainuddin, yesterday slammed market regulators for their failure to prosecute anyone for insider trading and market manipulation. Delivering the keynote address at a capital market conference,
    637 words
  • Article, Illustration
    Charles and Ben Yeo quit as YHS directors
    401 1  -  By Genevieve Cua SINGAPORE Charles and Ben Yeo, leading members of the rival family faction which was behind the resignation of former chairman Alan Yeo from Yeo Hiap Seng, have themselves resigned from the company's board. In a briefly worded statement, the
    401 words
  • Article
    HWGB officials summoned to give explanation
    267 1  -  Fran Ruth Wong in KUALA LUMPUR THE Kuala Lumpur Stock Exchange (KLSE) has summoned Ho Wah Genting Bhd (HWGB) officials to explain why it had not practised timely corporate disclosure on two recent acquisitions, including a stake in Singapore's Honguchi Engineering. It pointed out
    267 words
  • Article
    Lock icon New York Fed orders Daiwa to keep trading to minimum
    151 1 AFP NEW YORK The Federal Reserve Bank of New York and the New York State Banking Department have ordered Japan's Daiwa Bank to keep its trading activities to a minimum, according to a press statement issued yesterday. Daiwa Bank was
    AFP  -  151 words
  • Article
    SES launches order matching system for bond trading
    432 1  -  Paul Leo SINGAPORE The Stock Exchange of Singapore will introduce today an automatic order-matching system for bond trading Jn an effort to develop an active bond market in Singapore. SES said in a statement yesterday that the Bonds Quotation System (BQS) would
    432 words
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      143 1 breathtakinqly fresh DECEPTIVELY AMAZINGLY STRONG. BT Online Look nipat http:// www.asial.com.sg/biztinies STporeNews. 2 Financial.... 18,19 "cgwnj new)... 4 WorW News 14 KLSt. SES 22-24 tahm Regional 20 Property 8,9 World 20 Edtorial 13 Currencies 18 TV/Uestyte 11 Simex..... 19 Cmjmlm Commodtoes... 19 Tel 1800-*****77 Fax HtaMTd *****18 Fax *****71 ,HR
      143 words
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      10 1 Property p g B How Hotel Prop stays on top
      10 words
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      19 1 Hock Lock Siew p g is W HK banking needs more def^fction^ KL will honov privatisation deals, Pg 5
      19 words
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      14 1 Singapore companies forked out pay rises of 7.5% this year, says salary survey Pg2
      14 words
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      70 1 breathtakingly fresh DECEPTIVELY AMAZINGLY Bottom Line: Pg m Aid and regional rivalries Pasha watches. New collection. C artier, The Jeweller, Works steel like a precious metal. Arn«i ihiwwlhiMiini SCTtdt-wmwi Mfptrni n-ynl AdfnMaMr dcpioyaM hxUt A «Hll«Ht>« <iplu)iM« fctfcte Pah* watdMt range tan SM.OM Cartier Curlier boutique/ Singapore Ngee Ann City,
      70 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Retained imports rise again
        276 2  -  By Genevieve Cua RETAINED imports grew 15.7 per cent in August good news for lagging domestic demand. Analysts believe the slowdown in domestic demand is bottoming out. And they point to the steady improvement in retained imports this year as a key indicator of this. ÜBS
        Source: Dept of Statistics  -  276 words
    • Article, Illustration
      Boon Tiong re-devt and new land bill separate matters
      195 2  -  LETTER TO THE EDITOR Tan Yew Soon Assistant Director (Public Affairs) Ministry of National Development I REFER to the article, "New benchmark for land compensation", in BT of Sep 28 on the revised compensation under the new Land Acquisition (Amendment) Bill
      195 words
    • Article
      Federal revamps liability policy for execs
      322 2 LOCALLY-based Federal Insurance, which has a dominant share of the local Director A Officer (D&O) liability policy market, has made some changes to its policy to make it more relevant to the Singapore market. A D&O liability insurance policy offers financial protection for directors
      322 words
    • Article
      Pay rises in services firms beat manufacturing: survey
      223 2 SINGAPORE companies forked out pay rises of 7.5 per cent this year, and expect to pay 7.2 per cent next year, according to Hewitt Associates' latest salary survey. And services companies still give higher salary increases than those in the manufacturing sector,
      223 words
    • Article
      Debunked: the concept of a common Asian capitalism
      360 2  -  Br Toh han Shih THE conventional separation of capitalism into US, European and Asian capitalism is superficial and inadequate, says William Miller, professor of the Graduate School of Business at Stanford tyGerman, American and Japanese capitalism have more in common than German
      360 words
    • Article
      BG Lee to visit China for Suzhou talks
      150 2 DEPUTY Prime Minister BG Lee Hsien Loong will visit China from tomorrow until Oct 10 for the second meeting of the Singapore-China Joint Steering Council on the Suzhou Industrial Park project. He will also visit Beijing, Wuxi and Shanghai. The steering council
      150 words
    • Article, Illustration
      Lock icon Asian mall developers in for a hard knock: expert
      470 2  -  ICSC 3rd Asia Pacific Convention Jenny Lam HIGH occupancy rates and an abundance of easily available private finance has led to a mistaken belief among some Asian developers that it is not possible to have too much retail space, a visiting
      Photo by Chris Loh  -  470 words
    • Article
      Asia offers better market than US, Europe: MAS chief
      320 2  -  Singapore International Reinsurance Conference Reports by Soh Tiang Keng THE booming but underinsured economies of Asia presented a more attractive proposition to the global reinsurance industry than the developed markets of North America and Western Europe, the managing director of the
      320 words
    • Article
      Seven tips to help local outfits take on the big boys
      222 2 A TOP American reinsurer yesterday suggested a sevenpoint plan for Asian reinsurers to compete against the world's top operators. James Duffy, president of St Paul Reinsurance of New York, said local outfits must: plan for change; focus on select
      222 words
    • Article
      Lock icon Taiwan reinsurer to open S'pore branch
      174 2 Reuter SINGAPORE Taiwan's national reinsurer will open its first overseas branch in Singapore by early 1997, a company official said. "We are planning to upgrade our rep office to a branch," said Albert S C Chang, executive vice-presi-dent of Central Reinsurance Corporation. Central opened
      Reuter  -  174 words
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      112 words
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      260 3 DISCOVER THE BMW 5201 INDIVIDUAL. IT'S AS UNIQUE AS YOU ABE. Now there's a certain breed of car for a certain breed of And just as it's your responsibility to pick your car's driver. The BMW Individual. It not only makes a statement new colour, our engineers haven't forgotten theirs
      260 words
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  • SOUTH-EAST ASIA
    • Article
      Indon conglomerates sign 22.9b rupiah pact to help the poor
      454 4  -  From Leslie Lopez in JAKARTA INDONESIA'S largest conglomerates, a prime target of criticism over the widening gap between the country's rich and poor, have signed an agreement with the government to reduce poverty among some 12 million citizens. Under a
      454 words
    • Article
      Lock icon US firm plans US$300m power plant
      285 4 UPI MANILA A US-based engineering and construction firm has proposed the construction of a 250 to 300-megawatt electric power plant in an economic zone north of Manila, the government said yesterday. Energy officials said Stone and Webster Development Corp of Boston plans to build
      UPI  -  285 words
    • Article
      Lock icon Suharto's re-election wins early support from Golkar youth
      285 4 The Straits Times JAKARTA The youth wing of the ruling Golkar party has come out with an early endorsement of President Suharto being re-elected and will recommend that the party back his nomination for a record seventh consecutive fiveyear term in 1998.
      The Straits Times  -  285 words
    • Article, Illustration
      Lock icon Ramos woos Malaysian investors
      422 4 Philippine leader also discusses bilateral ties with Dr Mahathir Bernama KUALA LUMPUR President Fidel Ramos yesterday urged Malaysia to invest in the southern province of Mindanao, particularly to help the Muslim population there. Mr Ramos made the call yesterday in an hour-long meeting here with Malaysian
      Bernama; AFP  -  422 words
    • Article
      Lock icon Yangon sees no need to talk reforms with Suu Kyi
      308 4 Reuter BANGKOK Myanmar's military government will not discuss political reforms with democracy leader Aung San Suu Kyi as a military-appoint-ed convention is the proper forum for such debate, Yangon's ambassador to Thailand said. Ambassador Tin Winn, in an interview with
      Reuter  -  308 words
    • I
      • Article
        Lock icon Japanese in Natona LNG project
        100 4 Reuter JAKARTA Indonesia has signed an agreement with 15 Japanese firms to take part in the giant Natuna LNG project it) the South China Sea. The Bisnis Indonesia newspaper yesterday quoted Faisal Abda'oe, president of the state-owned oil firm Pert am in a, as saying
        Reuter  -  100 words
      • Article
        Lock icon Taiwan firm to appeal Viet fine
        101 4 AFP HANOI A Taiwanese firm whose failed banana plantation project has left Vietnamese farmers destitute has appealed a US$3OO,OOO (*****,000) fine for breach of contract. The company's lawyer yesterday said Pan Viet Corp had appealed a decision by a court in the southern province
        AFP  -  101 words
      • Article
        Lock icon M'sia to be more firmly plugged in
        118 4 Bernama PETALING JAYA Malaysia is now more focussed on planning its own information infrastructure as well as on playing a more pro-active role in shaping the global information infrastructure. Deputy Minister of Energy, Telecommunications and Posts Chan Kong Choy said yesterday that, in
        Bernama  -  118 words
    • Article
      Lock icon Investments still pouring into Vietnam despite problems
      558 4 Reuter HANOI Communist Vietnam is still attracting big pledges of foreign investment, vital for economic takeoff, despite an increase in problem cases. Since Hanoi opened up its economy in 1988, investors have earmarked U5517.67 billion (5525.3 billion) of which about 30 per cent
      Reuter  -  558 words
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      149 4 m mmmmmmmmmm KALLANG MRT 0. LAVENDER HOT NEW AIS INDUSTRIAL BUILDING Minutes from the CBD expressways AIS Industrial Building is a modern 8-storey warehouse development scheduled for completion in October 1995. a* Strategically located at Kallang Avenue (next to the existing Atlas Ice Warehouse) and within the Kallang Industrial Estate,
      149 words
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  • FOCUS
    • Article
      M'sia will honour privatisation deals
      420 5  -  KL Capital Market Conference No credibility otherwise, says economic adviser Daim Zainuddin Reports by Ho Kay Tat in KUALA LUMPUR THE Malaysian government Will honour all its privatisation agreements, including that With highway operator Projek Juebuhraya Utara-Selatan Sus), economic adviser Daim inuddin said yesterday. "The
      420 words
    • Article, Illustration
      Phileo abused service, says KLSE chief
      211 5 THE executive chairman of the Kuala Lumpur Stock Exchange yesterday accused Phileo Allied Bhd of abusing a real-time share price quotations service extended by the exchange. But Nik Mohamed Din Nik Yusoff declined to say just how the subscriber had abused the service when
      211 words
    • Article
      KL current account deficit no cause for alarm: economist
      548 5 THE chief economist of Malaysia's central bank said yesterday that although some indicators such as the current account deficit and asset inflation show the economy is overheating, a look behind the figures reveals this is not so. Zeti Akhtar Aziz told
      548 words
    • Article
      Lock icon KL urged to give perks to unit trust holders
      265 5 AFP KUALA LUMPUR A Malaysian unit trust fund manager said more fiscal and tax incentives should be given to woo long-term investors. This is because the lacklustre local bourse may force unitholders to turn to banks, said Kuala Lumpur Mutual Fund
      AFP  -  265 words
  • Page 5 Advertisements
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      112 5 v 11HH IPiSlfi B_.-~ 4 ?> #A jwgM i?MI M— Over 150 flights a week, overnight, over Asia. Introducing Asia One from FedEx, a planes to provide complete control of your [^^JP|||||BHB||||W||||||||MBM revolutionary new intra-Asian express shipments, door-to-door. And our highly delivery service, made possible by our new efficient night-flying
      112 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINAWATCH
      • Article
        Lock icon Clinton wants to meet Jiang in NY
        109 6 AFP WASHINGTON US President Bill Clinton will ask to meet his Chinese counterpart Jiang Zemin for talks this month in New York on the sidelines of UN 50th anniversary commemorations, the White House said yesterday. Mr Clinton "does intend to try to have
        AFP  -  109 words
      • Article
        Lock icon Meet at international venues: Taipei
        93 6 AFP TAIPEI Taiwan yesterday reiterated its stand that heads of state from the island and China should meet at international venues. "International venues are the most natural locations for such meetings," Kao Koong-lian, vice-chairman of the Mainland Affairs Council, said. He said if the leaders
        AFP  -  93 words
      • Article
        Motorola's US$720m expansion plan
        65 6 BEIJING US cellular phone giant Motorola Inc will invest US$72O million (551.03 billion) to expand its chip plant in Tianjin, China, Nikkei English News feported, citing an executive visiting Beijing. The company plans to set up joint ventures in coastal Zhejiang and Jiangsu provinces, investing a
        65 words
      • Article
        Lock icon Pharmacia to invest US$70m
        82 6 Reuter BEIJING Swedish pharmaceutical giant Pharmacia plans to invest US$7O million (Ssloo million) in China over the next three years to produce anti-cancer drugs, the Xinhua news agency said. Company president Jan Ekberg made the announcement on a trip to break ground for a new joint-venture
        Reuter  -  82 words
    • Article
      Lock icon Taipei may let HK, Macau Chinese invest in state firms
      139 6 Reuter TAIPEI Taiwan's government is planning to allow overseas Chinese in Hongkong and Macau buy up to 15 per cent of Taiwan state-owned companies which come up for privatisation, the Commercial Times newspaper said. The move is aimed at encouraging
      Reuter  -  139 words
    • Article
      Lock icon Israelis, Chinese sign business deals
      125 6 Reuter TEL AVIV Israeli and Chinese companies signed a series of agreements worth millions of dollars during last week's visit to Israel by China's Minister for Foreign Trade and Economic Cooperation. The Eisenberg Group, which controls the Israel Corp, a giant holding company, and BAIC
      Reuter  -  125 words
    • Article, Illustration
      Lock icon China, UK stress on strengthening ties after Qian meets Heseltine
      495 6 Reuter AFP LONDON Britain and China yesterday stressed the importance of strengthening trade ties and enhancing diplomatic cooperation before Hongkong reverts to China. The two sides whose relations have long been dogged by arguments made their pledge for closer links
      Reuter; AFP  -  495 words
    • Article, Illustration
      Lock icon Anti-China protest in HK
      45 6 AFP HONGKONG Local residents chanting slogans as they staged a protest on Sunday near a stadium here where the Chinese national day was being celebrated. The banner reads: "People have no rights, no national day, do not forget June 4th." AFP
      AFP  -  45 words
    • Article
      Lock icon Investors lose 1.2m yuan in fake bank scam
      257 6 UPI BEIJING Five men have been arrested in the central city of Wuhan in one of China's biggest fake bank scandals, an official newspaper reported yesterday. Ringleader Wu Qichuan and his cohorts are accused of defrauding investors of 1.2 million yuan (*****,000)
      UPI  -  257 words
    • Article
      Lock icon Eastern Express slashes cover price in battle for market share
      491 6 Press war in Hongkong Reuter HONGKONG Hongkong's English-language newspaper battle took a new turn yesterday as Eastern Express slashed its cover price while the dominant South China Morning Post, citing higher newsprint costs, raised its price. Eastern Express, launched by
      Reuter  -  491 words
    • Article, Illustration
      Lock icon China drug firms upbeat despite austerity plan
      587 6 Many plan expansion, flotation even though profits weakening Bloomberg Business News HONGKONG Pharmaceutical companies are just about the only companies that have not found China's austerity programme a bitter pill. "Everyone gets a cold, everyone gets old, everyone needs medicines no matter what
      Bloomberg Business News  -  587 words
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      Page 6 Advertisements Column 1
      73 6 OCTOBER 1995 m S4 I MttHMtfi I I POWER W I I I I Singapore Power I ||i| gears up for growth<■ ?'''''t f«Ho Kwon Ping. >$ |>f(Wi president H #,fcoey Tak Hap I i&SPI m I JHHHK I I j; I Available at Newsstands Times the Bookshop NTUC Supermarkets
      73 words
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  • ASIA
    • Article
      Lock icon Japan economy may pick up early next year, says daily
      341 7 Bernama TOKYO Japan's economy is likely to move on to a gradual recovery path early next year, underpinned by the yen's recent slide off its highs against the dollar, a cut in the official discount rate and a 14.22 trillion
      Bernama  -  341 words
    • Article
      Lock icon Pass second supplementary budget quickly: Murayama
      196 7 Reuter TOKYO Prime Minister Tomiichi Murayama yesterday urged a plenary session of the Lower House of parliament for quick passage of a second supplementary budget for this fiscal year, ending next March 11, to help boost Japan's sluggish economy. Japan unveiled an economic package
      Reuter  -  196 words
    • Article
      Lock icon Dhaka seen devaluing taka by 5% over next two months
      301 7 Reuter DHAKA Bangladesh is expected to devalue its currency, the taka, by 5 per cent over the next two months to check a flood of cheaper foreign goods, bankers said. Foreign exchange dealers said yesterday that Bangladesh was likely to
      Reuter  -  301 words
    • ASIANOTES
      • Article
        Lock icon Weaker yen won't stop shift overseas
        86 7 Bloomberg Business News TOKYO Japanese managers believe the weaker yen won't prevent the shift in manufacturing jobs overseas, according to a survey of 100 company presidents nationwide conducted by the Nihon Keizai newspaper. Nearly 80 per cent of those surveyed said the US dollar's
        Bloomberg Business News  -  86 words
      • Article
        Lock icon Labor trailing conservatives: poll
        81 7 Bloomberg Business News SYDNEY The latest Newspoll sampling of voter sentiment in Australia shows the ruling Labor trailing the conservative opposition coalition in all states but Victoria and losing seats badly in Queensland and New South Wales states, the Aussie paper reported yesterday. The public opinion
        Bloomberg Business News  -  81 words
      • Article, Illustration
        Lock icon Children call for equal rights
        40 7 Reuter DHAKA Bangladeshi children with colourful placards marching in the capital of Bangladesh yesterday to mark the World Children's Day. They called for equal rights in food, healthcare, housing and education for all children. Reuter
        Reuter  -  40 words
      • Article
        Lock icon Australia to stem transfer pricing
        93 7 Bloomberg Business News SYDNEY The Australian Tax Office, in draft rulings handed down last Friday, plans to crack down on multinational companies that shift profits to low-tax countries, the Australian Financial Review reported yesterday. It will levy penalties as high as 50 per cent, which
        Bloomberg Business News  -  93 words
    • Article
      Lock icon Major US ad agency starts with India in bid to catch up in Asia
      360 7 Reuter NEW DELHI Keith Reinhard, the chief executive of one of the world's leading advertising firms, is playing catch up in Asia and plans to start with India. DDB Needham Worldwide Inc says it is the
      Reuter  -  360 words
    • Article
      Lock icon Aussies plug into high-tech exports
      389 7 Reuter SYDNEY Australia has long been a major exporter of raw materials to the world but is now looking to make a name for itself as an exporter of high-technology. "This may surprise a few people as most people just think of Australia as a
      Reuter  -  389 words
    • Article, Illustration
      Lock icon French wine gets dumped over second nuclear test
      86 7 Reuter, AFP w°!i v _7 7- Li ?V°^ Store °T ner Hiron V* h j Koyam (centre) and other protesters pour French wine into a bucket in protest against France's nuclear tests in the dr.nk.ng and selling French wine s.nce France restarted
      Reuter, AFP  -  86 words
    • Article
      Lock icon S Korean electronics output surges 30% in first half
      376 7 Country set to be world's 3rd largest maker by 2000 Bloomberg Business News SEOUL The South Korean electronics industry's output for the first six months of the year rose 30 per cent from the same period last year, the fastest growth
      Bloomberg Business News  -  376 words
    • Article
      Lock icon Witnesses refuse to give evidence to commission
      288 7 Cook Islands tax haven inquiry AFP AUCKLAND Ten senior executives again refused to give evidence to a commission of inquiry into their role in shadowy tax haven deals yesterday despite warnings. A Commission of Inquiry led by former chief justice Ronald Davison, is
      AFP  -  288 words
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      Page 7 Advertisements Column 1
      90 7 Exclusively Available at Petite Finesse Centre point Tfel: 734 9658 Takashimaya Dept. Store Lane Crawford Red Wing Far East Plaza I set an Wisma SoUAgtM: Petite Cherie Boutique Pte Ltd. Tel: 552 6233 Fax: *****23 air J wwßn w rraufA, Park Avenue Mod* In USA I STOP WASTING TIME DOING
      90 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      A success that could breed competition
      818 8  -  wmm the I ifl PROPERTY ['AIJ column By Lee Han Shih THE top end of the condominium market is currently controlled by Ong Beng Seng's listed Hotel Properties Ltd (HPL). But will it continue to do so in the future? In the past few
      818 words
    • Article
      PROPERTYWATCH
      219 8 Selected trsnssctlons in the pest week Dal* of n tLt r~ 7~ BulHlnawe/ Setoprice ct 7" tranoction DtoWct Pr0^ct Type land«rei(»qft) T,nuf (SI) PWW* Sep 25,1995 0512 JalanLempeng CondoApt 1900 L99 845,000 445 Sep 25,1995 0023 LeonieHMRd CondoApt 1173 L99 870,000 742 Sep 25,1995 1544 Marine Parade Rd CondoApt
      219 words
    • Article, Illustration
      Hitting the en bloc jackpot
      882 8  -  Tan Su Yen finds out how en bloc sales are done and what could go wrong Tan Su Yen PLOT ratio. That seems to be the magic formula for transforming a grotty walk-up apartment into a mil-lion-dollar proposition these days. Thanks to development guide plans
      882 words
    • Article, Illustration
      Getting to the nitty-gritty of an en bloc sale
      1090 8 A CHANCE conversation with a neighbour about enhanced plot ratios, a newspaper report about a collective sale, or a note from property consultants asking owners to consider redevelopment, and the frenzy is on. While it is every homeowner's dream, an en
      1,090 words
    • Article
      Manila in for a long property boom: analysts
      592 9  -  Economists tell AlO Labita why the current trend can be sustained Al O Labita METRO Manila's skyline is changing fast. In Makati, 25 new buildings are going up while in the Ortigas complex, the site for the Philippines Stock Exchange, 27 more
      592 words
    • Article
      Lock icon No major revival likely for Japan property market
      329 9 AFP WITH Japan's real-es-tate market suffering its longest slump in half a century, many experts now say a major revival is unlikely. Even if property prices recover in the future, they will never experience the sharp rises seen in the late 1980s,
      AFP  -  329 words
    • Article, Illustration
      Sydney may soon have some of world's most expensive apartments
      372 9  -  Flats there may soon hit A 520,000 psm, a property expert tells Agnes Wee Agnes Wee SYDNEY may soon join the ranks of the top 10 cities in the world which have hit price tags of A 520,000 (5521,400) per
      372 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      148 8 DEVELOPMENT SITE AT BALMORAL PARK For Sale By Tender ht Site Area of 17,769 sf I Freehold Tenure x\f/ 11 TH£BALMOR> s Potential to develop >\ V /F\ll y a 10-storey I BALMOfML apartment block 'yZ with a plot ratio of 1.6 8 LOOOC <0 PB C I I II
      148 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      149 9 omega i(ff W\ m* SIGN UP BY THE 7T H OF OCTOBER. YOUR SIGNATURE WILL BE WORTH AT LEAST $9,000. Until the 7th of October, the new Opel Omega comes with a special package that could have you smiling all the way from the bank. Namely, a free Club Med
      149 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      1071 10 Budmiser iTjmvffl HCT j i j iB where to wine, dine and entertain WORLD'S LARGEST BEER —^—■■—.1 gaegge a>—i———m pNnNWMUNIRUH(MI-> pl|lA\ IhHV miiifff MnnHiw «ni Just spend $500 and above wflhin 6 monlhs at any of our outlets to qualify far our gold cad membership. pammsuMMamimiii B stum twaa—si ttmaftnm
      1,071 words
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      Page 10 Advertisements Column 2
      298 10 =1,6. I fancy 'Beijing? I Then, we're delighted to suggest the Vine Court for a memorable dining experience. Our lunch menu offers a variety of dian Kin 'Beijing dumplings, a selection of ii set menus, and 'Beijing specialities H/fj/y such as Beijing Tench and Marinated Lamb, fancy some nowf CHINESE
      298 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Facing a Wide Field of critics
      897 11  -  Rick Atkinson reports on the storm over Gunter Grass' latest book Rick Atkinson WP THE icon with the walrus mustache peers over the top of his spectacles, scanning the packed auditorium in Berlin with the wariness of an author whose supposed masterpiece has been
      WP  -  897 words
    • Article, Illustration
      Lock icon An infomercial with bad info
      518 11  -  Woody Allen's latest movie is a mere propaganda vehicle for self-promotion, says Maureen Dowd Maureen Dowd NYT WHERE have you gone, Woody Allen? He was an American classic, the shmendrick who gets the girl by being smart, runny and true-blue. He was not strong and
      NYT  -  518 words
    • Article
      When music turns too literal
      397 11  -  Benjamin Loh was at the concert by Orchestral Ensemble Kanazawa and felt some chords were missing Benjamin Loh AS PART of this year's Japanese cultural festival, "Japan '95 A Cultural Discovery", the Orchestral Ensemble Kanazawa offered a programme of works by Yuzo Toyama, Mozart and
      397 words
    • Article, Illustration
      Lock icon Biographer sings about Streisand
      333 11 CHATTERBOX UPI AP AP BIOGRAPHER James Spada spills the beans about Barbra Streisand in the upcoming Streisand: Her Life. Streisand often has been characterised as a manipulator of men, but Spada writes that she was actually afraid of boyfriend Jon Peters, the hairdresser turned producer, because
      UPI; AP  -  333 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1012 11 TV RADIO Wildlife Wanton, 9pm, Premtan 12 Botswana's rich wildlife has been decimated by poachers. The government has assigned I soldiers to track the culprits. iBJ I Kenneth Branagh gives high .J eneigy and pageantry in his ww V .^H 1993 adaptation of Shake- HT "^jff s pea re. Kate
      1,012 words
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      328 12 I -..JHfiQf pifs <3$ «K .&SH. w^tvoQ k *iL Prestige 3 Storey Split-Lcvel Detached Bungalow s<* _^?-^N§ Situated at Holland Grove Drive, in the Holland Grove is close to such eminent schools Holland Road district, Holland Grove offers <■ k _Afe as Raffles Girls' Primary School, Raffles Junior **m you
      328 words
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  • Article
    China's second transformation
    503 13 WHEN the Chinese Communist Party concluded its plenum last week in Beijing, its leaders must have been relieved that the prospect of a crash landing had receded as the country's economy slides in for a soft touchdown. The last time they attempted to bring down inflation which
    503 words
  • Article
    Enabling the disabled
    263 13 HhE problems that Singapore's disabled might have to 9ace calls for creative solutions that reconcile com-Maerce-driven norms that cater to the majority with Runority'requirements... Letters in our Forum page drawn attention to this issue, especially to the lack of mobility that places the disabled at a disadvantage
    263 words
  • Article
    Defending our peace
    207 13 THE Cold War may be over but there is no guarantee of total peace in the world. In an interdependant world, trade and border dispute can escalate into military tension. As a small country, Singapore can only hope there will be lasting peace. But peace requires effort
    207 words
  • Article
    Principal stress factor
    172 13 PRINCIPALS are the crucial figures in relieving stress among teachers. The question of whether parents would file complaints about teachers over trivial matters or whether teachers themselves would try to avoid creating problems depends, to a large extent, on the school principal's leadership philosophy. The report by
    172 words
  • Article
    Self-rule remains fragile
    185 13 WE DARE to hope the Palestinian-Israeli agreement's temporary arrangements will give way to something more permanent at the turn of the next century, namely, a Palestinian statehood. Meanwhile, Palestinians must live with partial withdrawals and modest autonomy expansions handed out in stages. The interim scenario in the
    185 words
  • Article
    Breaking up is no solution
    83 13 SO WHATs next for Europe? Every man for himself, nobody for everyone? No. Re-nationalisation of all politics, the way the big, new German power-dreamers imagine things? No way. That would be bad for Europe and even worse for the Germans. Because the Europeans have throngs
    83 words
  • Article
    The cowards' weapon
    133 13 IT is ironic that rich countries, which primed the pump, are today the kings of de-mining. It is much more lucrative, since this coward's weapon has become the poor man's weapon. The United States introduced it, in Vietnam. Ever since, traditional arms producers, France and Great Britain
    133 words
  • Article, Illustration
    Europe's evasive unity
    890 13  -  The common front put on by EU finance ministers is under stress, and bickering over monetary union has spilled into the open, reports Shada Islam Shada Islam The writer is a Brussels-based journalist who contributes to BT IT WAS never going to be easy. But the sudden
    890 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      116 13 i 1 Every step well-orchestrated to give you outstanding performance Norstar key telephone system comes with a unique LCD Window that guides you step by step through its many outstanding features. Making it easy to make, take and manage calls. And as your business grows, 3 you can add options
      116 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      63 13 pssssassr" Go 0M...D01T..»V00 ooe ft GiRNT LEPvp FOP (TTO>#oOßseu= Do r Q.R-l-S-T-O-U) mrnkimd. ON LOOfcD PROCESSOR.. £k|£ <§)© gJJJ c »»«ocw> rto mwiMwi iro. mi im > 9590 DOOHESBURY GARRY TRUDEAU IB *K*T. bJT\ I 12SK2e2f J k IVK>HUJ>- GU&& WHAT V /g-1 ARAN* J 8 y /wz/r 1 II
      63 words
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  • Article
    Lock icon US economy heading for strong 3rd qtr: economists
    443 14 Reuter AFP NEW YORK Americans spent more than they earned in August and more than economists had anticipated, indicating the economy is headed for a strong third quarter, economists said. "The spending number tells us we have a booming third quarter on
    Reuter; AFP  -  443 words
  • Article
    Lock icon Stable environment for investors crucial
    392 14 Apec symposium drives home the need to ease investment curbs AFP BANGKOK Apec government officials and business leaders met here yesterday to grapple with the issue of foreign investment and its role in fuelling the developing economies of the region. In his opening remarks to
    AFP  -  392 words
  • Article
    Lock icon Bad loan crisis: 7 ailing housing loan firms to be closed
    328 14 Reuter TOKYO Financial institutions that founded Japan's seven ailing housing loan firms, which lie at the heart of the nation's multi-billion dollar bad loan problem, have agreed to wind up the firms. The head of a project team set
    Reuter  -  328 words
  • Article, Illustration
    Lock icon Helmut Schmidt: Bundesbank out to torpedo single currency
    334 14 AFP PARIS The Bundesbank wants to "torpedo" the single currency and is maintaining a nationalistic attachment to the mark, former German chancellor Helmut Schmidt said in an outspoken article reprinted in a newspaper here yesterday. Mr Schmidt was particularly hard in remarks
    AFP  -  334 words
  • Article, Illustration
    The aid game: a play of regional rivalries
    900 14  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BTs Tokyo correspondent ONE of the stately homes of England, Blenhiem Palace, provided an apt setting for a recent speech by Peter Sutherland, former head of the General Agreement on Tariffs and
    900 words
  • Article
    Lock icon G-7 may agree to US$ rising to 110 yen: report
    179 14 Reuter TOKYO The Group of en (G-7) nations are likely to agree at their meeting on Oct 7 in Washington that a US dollar rise of at least up to 110 yen is acceptable, the Japanese daily Mainichi Shimbun said.
    Reuter  -  179 words
  • Article
    Lock icon Play on the dollar in third quarter pays off
    383 14 Value of2Bo investable stocks from top 25 markets up despite greenback's rise IHT PARIS It was a good third quarter for anyone who made a play on the dollar and the heavily capitalised companies in the International Herald Tribune's World Stock
    IHT  -  383 words
  • Page 14 Advertisements
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      181 14 Partnership FORGED BY UNDERSTANDING DC TECH PARK 'idg -n fMn jl Ak mPBH I ■TB MM M I fB hr in Wwl i.J Xfll WAIEHOUSING SOLUTIONS FOR TOHOItOW ri i rn ISiL_ runtrnKianr fonwimsMm The Partt proximity to the 12 passenger lifts PSA seaport means cheaper wma^m and 16 "drive-through"
      181 words
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      Page 14 Advertisements Column 2
      24 14 Distributor for Msuko Keyphone Systems A EPABX: StNCfApORE SINGAPORE COMMUNICATIONS CXM'M4 I EQUIPMENT CO PTE LTD To! 278 TOBB ■Every Call Is A Commitments
      24 words
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        47 15 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Barings, Credit Lyonnais Securities. Daiwa. Fraser. G KGoh, KayHian, Morgan Grenfell, Ong Co. Nomura, Phillip. Smith New Court and WI Carr
        47 words
      • Article, Illustration
        HOT STOCK
        94 15  -  -By Paul Leo SIME DARBY faces formidable resistance at $4.07. Any attempt to break it from yesterday's close of $3.76 will fail. A Short-term consolidation between $3.50-$4.00 can be expected. Daily and weekly Relative Strength Indices are neutral but the monthly indicator is heading into overbought region. Yesterday's
        94 words
    • Article
      Newton Mansion sold en bloc to CityDev for $38m
      396 15  -  By Abdul Hadhi SINGAPORE Listed City Developments has clinched the 28-unit Newton Mansion for what analysts consider a good price slightly above $38 million. The residents' spokesman, Katherine Low, confirmed yesterday that the agreement concluding the en bloc sale had been
      396 words
    • Article, Illustration
      Lock icon Electronic Resources shares up 20% on takeover talk
      408 15  -  By Diana Oon SINGAPORE Sesdaq-listed Electronic Resources (ER) chalked up strong gains yesterday on rumours of a possible takeover. The price of ER's shares has almost trebled since early August, with reasonably strong volumes supporting the increase. The counter finished at $1.17
      Source: Bloomberg  -  408 words
    • Article
      HK banking: more deregulation needed
      819 15  -  HOCK LOCK SIEW By Quak Hiang Whai HONGKONG Assessing banks used to be an exercise in "gut feel". There isn't much basis for analysts to work on since it's almost arbitrary how much banks want to transfer to their inner reserves each year the inner
      819 words
    • Article
      More office space for DBS Land's Bangkok venture
      497 15  -  From Loh Hui Yin in BANGKOK THE highly competitive residential market in Bangkok has forced Singapore property group DBS Land and its two Thai partners to alter their plans for a combined officeapartment project in the business district here. The 32-storey Piriya
      497 words
    • COMPANIES
      • COMPANYBRIEFS
        • Article
          Giken in placement to raise $2.14m
          77 16 SINGAPORE Giken Sakata will make a private placement of 3.8 million new shares to raise $2.14 million, the company announced yesterday. The proceeds will be used to repay bank borrowings for a 52 per cent equity interest in a joint venture in China, Changzhou
          77 words
        • Article
          Hotel Royal sends $12m to Aussie unit
          58 16 SINGAPORE Hotel Royal recently remitted $12.2 million to its Australian subsidiary, Castle Mall Properties, mainly to reduce bank borrowings and interest payments for the purchase of Australian property. Another $14.5 million was remitted to Grand Complex Properties Ltd, a New Zealand subsidiary company,
          58 words
        • Article
          G K Koh buys holding company
          51 16 SINGAPORE GK Goh Holdings has acquired Saliendra Pte Ltd, a locally incorporated investment holding company. Saliendra's directors are Goh Geok Khim, Goh Yew Lin and Lee Teong Sang. G K Goh also said Goh Geok Khim has been appointed a director in three overseas
          51 words
        • Article
          New Guthrie company director
          21 16 SINGAPORE Low Check Kwang, finance and administration director of Guthrie GTS, has been appointed a company director.
          21 words
        • Article
          Two Amcol company secretaries quit
          35 16 SINGAPORE Amcol Holdings has accepted the resignations of Low Leng Fong and Tan Shou Chieh as company secretaries. They will be replaced by Ng Eng Leng and Leong Pak Lim.
          35 words
        • Article
          Stamford Tyres replies to SES query
          43 16 SINGAPORE Stamford Tyres yesterday said in a statement that there was no significant or material facts affecting its business which necessitated a public announcement or disclosure. The company's shares had been chased up recently on takeover rumours.
          43 words
      • Article
        Vickers gets KL nod to buy 30% of Seremban Securities
        195 16 SINGAPORE Listed brokerage Vickers Ballas has secured approval from Malaysia's Ministry of Finance to buy a 30 per cent stake in Seremban Securities for Ms 27 million (S$ 15.3 million) from Malpac Holdings Bhd (MHB). However, Vickers failed to win
        195 words
      • Article
        Untitled
        566 16 mi T_J MG Spore Premier P 0.90 0.94xd® 162 MG Alia Premier T 0.91 0 96xd® The Savings Fund 14« L57 CttcOrp iMWlMMl M S pore Prog Fund 0.57 0.61 xd cki Global Bond Fd 0.972 0.982" S pore See Fund «.S9 0.94 Citi Asia Infra Fd 1.110 l.l«T» S
        566 words
      • Article
        Sino Land doubles profit to HK$2.8b with hotel flotation
        560 16  -  From Quak Hiang Whai in HONGKONG SINO Land Company Ltd, the listed property arm of tycoon Ng Teng Fong, almost doubled its net profit for the year ended June 30, 1995, from HK$l.47 billion (***** million) to HK$2.B6 billion, thanks to
        560 words
      • Article
        Wing Tai ties up with Indon, M'sian parties for property projects in Jakarta
        235 16 SINGAPORE Wing Tai Land is forming a joint venture with Indonesian and Malaysian partners to develop service apartments, apartments and commercial premises in Jakarta. The company said yesterday it had struck a deal with PT Dharma Alumas
        235 words
      • Article
        SIA in Indian software venture: report
        331 16 SINGAPORE Singapore Airlines (SIA) will be taking a S1 per cent stake in an Indiabased joint venture to develop and maintain computer software, a wire agency report said yesterday. Malaysia's Bernama News Agency quoting the Indian financial daily, Business Standard, said the joint-venture would
        331 words
      • Article
        Telecom to pay gross dividend for small shareholders
        192 16 SINGAPORE Singapore Telecom announced yesterday it will pay a gross instead of net dividend to small shareholders to ease any inconvenience in claiming tax credits. Other investors will receive a net dividend as usual. Shareholders approved a first and final dividend of
        192 words
      • Article, Illustration
        New products to lift Vikay sales
        328 16 SINGAPORE Sesdaq-listed liquid-crystal display (LCD) maker Vikay Industrial expects three new products to lift group turnover by 5 per cent this financial year and another 16 per cent in 1996. Vikay sees the liquid costal shutter (LCS), global positioning system (GPS) and chip-on-flex (COF)
        328 words
      • Article, Illustration
        Mandarin Oriental investing US$100m in 5 hotels
        568 16  -  By Agnes Wee SINGAPORE The Mandarin Oriental Hotel Group International is investing US$lOO million (SSI4I million) in five hotel projects costing a total of US$475 million. Three are under development and two others are being planned. This was revealed by its managing director,
        568 words
      • Article
        Hongkong Land finds S'pore expensive at the moment
        286 16  -  By Abdul Hadhi SINGAPORE Even Hongkong companies are starting to find Singapore property expensive. At a post-results briefing yesterday, Hongkong Land's finance director lan Durant said the group "had an opportunity to invest in China Square but decided not to bid because
        286 words
      • Article
        SNP takes stake in Chinese investment firm
        176 16 SINGAPORE SNP Corp has subscribed for 3.5 million shares of US$ 1 each in China Canton Investments Ltd (CCIL). And Singapore government investment arm Temasek Holdings, a substantial shareholder of SNP, has subscribed for 10 million CCIL shares. SNP, which will finance its
        176 words
      • Article
        DBS arranges US$22m facility for AFC bank
        127 16 SINGAPORE DBS Bank yesterday announced the signing of a US$22 million (5531.46 million) revolving credit facility for AFC Merchant Bank. The syndication, arranged by DBS, was initially for US$2O million. AFC increased the sum to US$22 million after the facility was oversubscribed. The
        127 words
      • Article
        Lock icon IBM launches new line of ThinkPad portable computers
        398 17 Bloomberg Business News ARMONK, New York International Business Machines Corp has introduced a new line of its popular ThinkPad portable computers in an effort to grab more of the fastest growing segment of the personal computer market. IBM also said it will
        Bloomberg Business News  -  398 words
      • Article, Illustration
        Lock icon Another group bids for Rockefeller Center trust
        304 17 NYT NEW YORK An investor group made up of David Rockefeller, Tishman-Speyer Properties Inc and the Whitehall Street Real Estate LP, a real estate investment fund managed by Goldman, Sachs Co, has offered to pay US$296 million (***** million), or U557.75 a share,
        NYT  -  304 words
      • Article
        Lock icon Aussie bank, Sinar Mas plan tie-up
        75 17 Bloomberg Business News SYDNEY Commonwealth Bank of Australia is set to enter a AS 100 million (Sslo9 million) joint venture with Bank Internasional Indonesia, the Australian Financial Review reported yesterday. The Australian bank is anxious to expand in Asia and has been looking for
        Bloomberg Business News  -  75 words
      • Article
        Lock icon European exchanges' link-up delayed
        54 17 Reuter BRUSSELS Eurolist, a project to link major European shares quoted in at least three stock exchanges, has been delayed by a week, the Federation of European Stock Exchanges said. It did not say when the launch initially planned for this autumn after successive delays was
        Reuter  -  54 words
      • Article
        Lock icon NZ sells 65% stake in Anzco
        62 17 Reuter WELLINGTON The New Zealand Meat Board said it is selling its 64.9 per cent stake in Asian New Zealand Meat Co Ltd (Anzco) to Janz Investments Ltd, effective Dec 1. Janz comprises Anzco management, Rangatira Ltd, Itoham Foods Inc and Nippon Suisan Kaisha.
        Reuter  -  62 words
      • Article
        Lock icon Luen Fat Hong up 9.4% in HK debut
        69 17 Reuter HONGKONG Luen Fat Hong International Holdings debuted at HKSI.4O on the Hongkong bourse, up 12 cents or 9.38 per cent from its issue price. The company issued 75 million new shares at HKSI.2B each to raise HK$96 million (5517.8 million) before
        Reuter  -  69 words
      • Article
        Lock icon Orient Watch terminates agreement
        76 17 Reuter HONGKONG Lap Heng Co announced the termination of an agreement giving it exclusive rights to distribute Orient Watch Co watches in Hongkong and parts of China. Its shares fell HKS2.4O or 17.6 per cent to HKSI 1.20 at the close. Lap Heng, both a watch
        Reuter  -  76 words
      • Article
        Lock icon Microsoft software new target of hacking challenge
        222 17 Bloomberg Business News BERKELEY, California Microsoft Corp has been picked by computer hackers as their latest target. Community Connexion, an Internet service provider that last week promised a free T-shirt to anyone who found a flaw in Netscape Communications Corp's software, extended the
        Bloomberg Business News  -  222 words
      • Article
        Lock icon Britain's National Power bids for Southern
        245 17 Reuter LONDON British electricity generator National Power pic yesterday launched an agreed cash bid for regional electricity company Southern Electric pic valuing Southern at £2.8 billion (556.3 billion). National Power will pay 825 pence in cash per share and Southern will pay shareholders a
        Reuter  -  245 words
      • Article
        Lock icon NZ Telecom delays Sky purchase amid rivals' legal challenges
        333 17 Bloomberg Business News WELLINGTON New Zealand's Telecom Corp said yesterday that it was delaying the purchase of a 25 per cent stake in local pay-television operator Sky Network amid legal challenges to the move. Last week, the High Court set aside
        Bloomberg Business News  -  333 words
      • Article
        Lock icon Foreigners' stake in Japan firms hits record
        168 17 Reuter TOKYO Foreign investors held a record 8.99 per cent of Japan's listed companies' total shares in terms of market value in September. A Yamaichi Research Institute of Securities and Economics' study, released yesterday, showed that foreign investors owned 30.18 trillion yen (Ss42B
        Reuter  -  168 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US insurer Aetna may sell property-casualty business
        305 18 FT NEW YORK Aetna, the largest quoted insurance company in the US, is considering selling its property-casualty business and reviewing options for its other businesses to improve shareholder values. The group issued a statement after stock trading closed on last Friday, following speculation
        FT  -  305 words
      • Article
        Natural gas production in Gulf of Mexico reduced as storm nears
        286 18 NEW YORK Natural gas producers in the Gulf of Mexico are closing down their offshore platforms and reducing output as a precaution against Hurricane Opal, pipeline companies that receive gas from the producers said. The hurricane, with winds topping
        286 words
      • Article
        Lock icon p
        197 18 Reuter LONDON The dollar reclaimed 100 yen by early European business on speculation about the upcoming Group of Seven (G-7) meeting, and was about half a pfenning higher after EU finance ministers agreed over the weekend that a move to a single currency should not be postponed. The dollar
        Reuter  -  197 words
      • Article
        Lock icon New York
        89 18 AFP NEW YORK The dollar was mixed against other major currencies in quiet New York trading yesterday ahead of the meeting of Group of Seven finance ministers and Friday's release of unemployment figures for September. Gold was up 60 cents from Friday to U*****.40 an ounce. At 1400
        AFP  -  89 words
      • Article, Illustration
        Lock icon Untitled
        1330 18 Trade-*rtghied index conciliated again# Sport's lap 14 trading partner* Base year IMS Base year 1985 US$/S$ forward rAm Noon Oct 2 SS BU Oder 1-month 1.4271 1.4216 2-month 1.4237 1.4232 i-mcmth 1.4206 1.4221 6-month 1.4107 1.4127 Sooty QCBC Source: OCBC FOREIGN CURRENCY NOTE IWreS As at taai m Oct 2
        Base year 1985  -  1,330 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen ends higher, Eurodollars soften
        1282 19 Reuter SINGAPORE Simex Euroyen futures closed higher, while Eurodollars softened slightly in subdued afternoon trading. Dealers said Euroyen trading was range-bound due to a lack of fresh incentives on the first day of Japan's second fiscal half. "We'll have to watch the Bank of Japan
        Reuter  -  1,282 words
      • Article
        Tokyo rubber higher on yen's fall
        658 19 COMMODITY REPORTS Rubber TOKYO: All rubber futures contracts ended higher, helped by the yen's fall against the dollar. Prices ranged from 0.2 to 2.9 yen per kg higher with benchmark March finishing up 1.1 yen at 133.0. After opening higher on the stronger dollar,
        658 words
      • Article
        Japan copper output seen rising 10%
        108 19 TOKYO Copper production in Japan is set to soar more than 10 per cent to about 620,000 tonnes in the second-half of fiscal 1995-96 (Apr-Mar), from 558,905 tonnes in the same period a year ago, despite lukewarm demand and high domestic stocks. Three of
        108 words
      • Article
        Oman to sell chrome to China, Japan
        49 19 HONGKONG China will import around 5,000 tonnes of chrome from Oman, the official Xinhua News Agency reported yesterday, from Abu Dhabi, quoting local newspaper reports. Oman's new National Chrome Co has signed supply contracts with China and also Japan, the report said.
        49 words
      • Article
        Philippines copper shipment delayed
        75 19 TOKYO Slight shipment delays in copper produced by the Philippine Associated Smelting and Refining Corp (Pasar) are expected after typhoon Cybil ripped through the archipelago over the weekend. President Fidel Ramos declared several western and central provinces calamity areas after the fierce storm sparked massive flooding
        75 words
      • Article
        Steady demand for US soybeans
        72 19 TOKYO Demand for US soybeans will continue at a steady pace this week as Taiwan is seen retendering for 10,000 tonnes and Japan is expected to buy November shipment, traders said. But in South-east Asia, hopes for a price, drop on higher-than-expected yields for the
        72 words
    • Article
      COMMODITY PRICES
      1349 19 SKOMFMni RUMmt (fMm closing m at 5.30pm) HCwlwct (Scents/kg) Oosc Volume Opto Month High Low Sect (tonne*) Interest Nov 95 196 00 I 1975 Dec 193.00 193.00 193 00 150 1425 Ian 96 193 50 189.50 190.50 850 1125 Feb 96 192.50 119.50 190.50 ISO 1125 Mar 96
      1,349 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        978 20 +2.0 SHARE prices closed marginally up in dull trading yesterday which was a holiday in most states. One dealer described the trading in a narrow five-point range as "dead and dull The All Ordinaries Index ended 2.0 points up at 2,137.7. The All Industrials closed 4.4 up at 3,187.4,
        978 words
      • Article
        Manila
        518 20 -0.04 Share prices closed fractionally lower in lacklustre trading amid fears on the inflationary effects of an impending domestic oil price hike. "The market has discounted the fact that there will be an increase in petrol prices by yearend, but investors remain apprehensive over how much the increase will
        518 words
      • Article
        Taipei
        458 20 +12.56 Share prices finished higher in slow trading, with textiles posting the largest gains. "There were not much fundamental changes today," said an analyst. The 321-issue Weighted Price Index edged up 12.56 points to 5,045.62. Turnover was 737 million shares worth NT522.5 billion. Gains outstripped falls 205 to 106,
        458 words
      • Article
        Seoul
        501 20 -6.86 Shares fell on investor concern over growing stock supply amid falling demand, traders said. Total stock investor deposits at securities firms fell about 10 per cent to US$3.5 billion in the past week, while new stocks worth US$6OO million will be supplied this month. The government plans to
        501 words
      • Article
        New Zealand
        324 20 -5.23 Shares closed lower but ofT its trough as last week's pattern of declining prices on light turnover continued. The NZSE-40 Capital Index closed 5.23 points off at 2,107.43. Turnover was NZ525.5 million with around NZ$lO million of that in offmarket trades. The partial holiday in Australia ensured
        324 words
    • WORLD STOCK MARKETS
      • Article
        London
        662 20 +12.0 UK STOCKS rose in late trading, tracking bonds and led by Zeneca and water stocks, as a US report pointed to a sluggish economy and a possible cut in US interest rates. The market was also helped bv the electricity industry after electricity-gen-erator National Power offered 1,010 pence
        662 words
      • Article
        Paris
        134 20 •7.64 French shares slipped back slightly, giving up some of the gains made in Friday's late futures-related rally. The CAC-40 Index ended 7.64 points lower at 1,780.71. Dealers said Friday's upturn was based almost entirely on activity related to the expiry of the September CAC-40 futures contract, which was
        134 words
      • Article
        Frankfurt
        177 20 +17.96 German stocks rose, holding above the 2,200 level with help from rising bonds and a stronger dollar. "Bond futures were the main thing, in my opinion," said one trader. "That was a vei7 positive influence, which in connection with the stronger dollar, helped the market." The DAX Index
        177 words
      • Article
        Milan
        156 20 •86 Italian shares eased as political wrangling ranged over the weekend over Prime Minister Lamberto Dini's 1996 budget with two major right wing parties demanding changes before giving their support. Ex-Prime Minister Silvio Berlusconi and hard right wing leader of the National Alliance Gianfranco Fini demanded changes to the
        156 words
      • Article
        Amsterdam
        255 20 -1.14 Dutch shares ended lower after a day characterised by low volume and light losses across the AEX Index. Despite a firm dollar and a Dutch bond market, investors seemed to be shying away from stocks. "It's been very disappointing, we had hoped to see some fresh money coming
        255 words
      • Article
        Stockholm
        98 20 •7.34 Swedish stocks fell on the first trading day of the fourth quarter, as investors consider their strategies. The OMX Index fell 7.34 points to 1,451.16. "I think investors did a lot of trades last week and I think they will take it a bit easier the first few
        98 words
      • Article
        Zurich
        245 20 +24.2 Swiss shares closed higher in moderate trading, but were off intra-day highs as the dollar's renewed weakness undermined market sentiment. The SMI Index closed 24.2 points higher at 3,039.0, and the SPI Index gained 12.97 to 1,979,92. A dealer said the dollar's decline during the session caused the
        245 words
      • Article
        Johannesburg
        333 20 •15.0 South African shares drifted off in slow trade amid few fresh factors and as support from window-dressing ahead of unit trust quarter- ends faded. Dealers said uncertain world markets and a mostly lacklustre gold price were undermining short term prospects, although underlying sentiment remained steady. Near term equity
        333 words
      • Article
        Toronto
        238 20 -12.6 Stocks fell in light early trading as nervous investors braced themselves for a mixed bag of third-quarter corporate earnings. The TSE 300 Composite Index dropped 12.6 points to 4,517.20 on volume of 6.9 million shares valued at CsBs million. Declining stocks outnumbered advances 138 to 107, with 180
        238 words
      • Article
        New York
        654 20 ■3.97 Stock prices were narrowly mixed in quiet trading early yesterday as earnings concerns kept the market from joining a bond rally following a weaker-than-expected report on manufacturing. The Dow Jones Industrial Average, which inched up 1.44 points on Friday, was off 3.97 to 4,785.11 at 1 lam
        654 words
      • Article
        Untitled
        718 20 Sttrtiag Cask Bid Offer Mim Cap Depout 3( 9400 3* 9500 MimJemyGik .0.1193 0.1992 Mim Max income *0.9200 *10 9*00 L'SS Cask Income Plua Fund *.9500 10.4*00 PS Reaerve Fund *5.5700 *5 5900 ■Surilaa E*aity Euro Performance 0.4592 0.4931 Far Eaa Fund *2 7*50 *2.9730 Man Portfolio 2.1220 2 2940
        718 words
    • Article, Illustration
      Lock icon HONGKONG
      2446 21 Bloomberg Business News HONGKONG Stocks rose as declining US bond yields convinced investors that interest rates are headed lower. Shares of Citic Pacific and Sun Hung Kai, which would benefit most from easier credit, led the rally. The Hang Seng Index rose 78.64 points to 9,724.98. The All Ordinaries
      Bloomberg Business News; Source: Bridge Info  -  2,446 words
    • Article, Illustration
      Lock icon CHINA
      618 21 CLSA IN Hongkong, the H share index closed up 16.83 points, or 1.7 per cent, to 997.59 on a turnover of HKS2.86 million. Kunming Machinery saw the biggest fall of the day, downT.8 per cent on light turnover of US$1,000. Zhenhai refining, Maanshan and Harbin Power all saw declines,
      CLSA  -  618 words
    • Article, Illustration
      Lock icon TOKYO
      2438 21 Bloomberg Business News TOKYO Stocks dropped to their lowest level in a week, led by property shares, as investors expressed their disappointment that last week's government economic stimulus package contained few specifics. "People were waiting for some further measures in the government stimulus package, perhaps on tax cuts. But
      Bloomberg Business News; Source: Bridge Info  -  2,438 words
    • Article, Illustration
      Lock icon BANGKOK
      1388 21 Reuter BANGKOK Stocks closed lower in thin trade on continued lack of positive news and worries about inflation and domestic politics. The SET Index ended 4.27 points down at 1,289.96 on a 2.92 billion baht turnover. Falls led rises 182 to 83, while 100 were unchanged. "There were no
      Reuter; Source: Bridge Info  -  1,388 words
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      Lock icon JAKARTA
      1108 21 Reuter JAKARTA Shares ended lower, with profit-taking noted in the actively traded small issues. The Composite Index fell 2.68 points to 490.56. Small issue Intraco Penta, consistently among the most heavily traded stocks, rose I7S rupiah to 1,600. Brokers said they were surprised at the sustained speculative buying of
      Reuter; Source: Bridge Info  -  1,108 words
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      CLOB INTERNATIONAL
      2266 22 Gr G» IMS UM Vol Da* LaatOaa* Dt* DH W N« M Cat HI* La» Sda Cam Sab W- COM) H%h Low Bayer Seller CV P/E la« MALAYSMN ITOtt 47* IM ia 5000 ABB 30c 364 -11 97 172 3*4 164 366 3.0 -2.9 0.2 171.3 127 77.3
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    • KUALA LUMPUR STOCK EXCHANGE
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        Lock icon Worries over Tenaga, Telekom issues upset prices
        6631 22 AFP KUALA LUMPUR Malaysian shares plunged 1.6 per cent last week as investors remained cautious over unresolved issues affecting power giant Tenaga Nasional and state-owned Telekom Malaysia. "Investors are disappointed that Tenaga's proposal to raise power rates and Telekom's monopoly over the international
        AFP; Source: Bridge Info  -  6,631 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        9243 23 board Cr Cr M Wi 19*5 Usl Vol Day Last Qaott Dh Di< YM N« Cap An Hick Low SIM Company Sal* (U00) Hick Law Bmyrt Seller On N P/E Ml Price MDUSTRML AND CM—KM! 210 ItO 1258 Acer 50c US 119 *5 511 191 186 189 190 12.8 1129
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        Lock icon Malaysian OTC shares come under selling pressure
        1831 24  -  By Paul Leo SINGAPORE Local shares ended mixed yesterday as Malaysian over-the-counter shares suffered a broad fall. The Straits Times Industrials Index edged up 0.16 point to 2,120.19. Among the other indices, the BT Composite fell 1.21 to 2,029.08 while the BTMGA rose
        Charts by Bridge Info; Source: Bloomberg  -  1,831 words
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      23 15 ()('R 111 SIM ss |~\SS IS \()\v 11 s I I 111 I I MORI I'l RSOXAI tit I he Hcjrt of Asia.
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      392 15 NEWS VALUE Balm raps KLSE regulators for not prosecuting "larfcet manipulators (pg I) Speculative stocks likely to come under some selling pressure today. KISE summons HWGB officials (pg I) Could lead to some profit-taking on Horiguchi shares. SES launches order matching systam for bond trading (pg 1) Promising. Attracting more
      392 words
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      88 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
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      286 17 f > *u~ V .1 Jk i.'\. 5? r Htafe^wCkiisa uniqueBfatyhchifordkrising afcutwt lpl ft tHefirst lOO to sign up and you wiHttctivt a fabulous offer of20% Aunt «>b w (on6f!) memienttip fas. Hie membtttUp it far 8ft, ttuufutSU j jj£jLm^ Uraat "T 5&nm er<w fa the MMnallBg f??il!BlB 1 'Hfl^|y
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      141 18 LAND AND HOUSES PUBLIC COMPANY LIMITED U5585,000,000 Syndicated Facility Arranger and Agent <z> HSBC Investment Bank Asia Singapore Branch V IP PT TEMPO SCAN PACIFIC U5535,000,000 Syndicated Term Loan Facility Arranger and Agent <z> HSBC Investment Bank Asia Singapore Branch v o PT NUSAUTAMA MEDICALINDO U5525,000,000 Syndicated Loan Facility Arranger
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      313 18 PHATRA LEASING PUBLIC COMPANY LIMITED U5550,000,000 Syndicated Facility Arranger and Agent <2> HSBC Investment Bank Asia Singapore Branch August 1995^ ©3 ED H T&T PROPERTIES SDN BHD Severally guaranteed by: Cheung Kong (Holdings) Ltd New World Development Co Ltd Tem Fat Hing Fung (Holdings) Limited M 5190,000,000 U5525,000,000 Syndicated Facilities
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      49 18 You may have been unable to get your Business Hmea, Straits Timet, Sunday Tknea! LJanHe Zaobao and ofter daily newspapers from your usual newsstand becauee of tie higher demand Maty. To ensure a daily copy, cafl Customer Services Sedton on 1800-749-2577. and ask tor home or office delivery aarvtoe.
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      206 19 opens new outlet at 12, Ahwal Street off Beach Road opposite The Concourse ther than our famous pohpiah, the new \J outlet also boasts of an extensive al-la-carte menu with specialities like Prawn Nuggets, Fresh Fish steamed Teochew Style, Teochew Shark's Fin, Sambal Crayfish, Braised Duck with Sea Cucumber, Fried
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      20 19 As and when the latest London/ Rotterdam prices are not available, the prerions trading day's closing fignres are carried instead.
      20 words
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      94 20 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers
      94 words
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      147 21 ADVERTISEMENT B The Executive Treatment, perfected at Mai's Skin Center. For true Executive confidence it is essential you look your best. Good-looking skin is an important factor in enhancing your appearance and giving you a truly successful look. Many common skin problems caused by the tensions and strains of everyday
      147 words
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      223 24 Stock code number for Quick Stock Portfolio Manager service and real-time stock info. Call 1900-913-0003 at 30 cents a minute. M9SIJHHROBnO-ENDEC IKpreneurship EXCELLENCE liranHl 00 YOU KNOW SOMEONE who... If VfV l Possesses outstanding entrepreneurial and intrapreneurial skills? > Has been a leading player in the success of jSflr kK
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      53 24 11. I P For K A j stories, im quizzes P P songs, Vl K 5K Jhinland on^ L *> 1900-910-0001, P P 30 cents a minute^** Sports Results Game Over! What's Next Call 24 hour* a day for results of international games. Coal: 30 end 1 minute MRS line
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      433 24 OFFICIAL NOTICE I We, SEA GLORY PTE LTD of No. 1 Benoi Road, Singapore *****5 hereby give notice that in consequence of change of ship's name, we have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter 179) in respect of the ship
      433 words
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      182 24 f M THE MATTER OP TMECOMPAMMACT.CAPB AND ■I THE MATTER OP CKN PTELTD noncene—a. sa—r—» NOTICE IS HEREBY QIVEN purauanl to Secton 308 of the Compenias Act, Cap sa «M a final Medlng off* Members of t» abovenamed Company wN be held at 6 Battery Road •31-03 Singapore *****0 on
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      409 24 resit *5? *2 uS ISS nmS NM#HM«uii« Tr? 7 ois4 oSm o!m PiXJtahed by J*rdme Ftemtng International Secunba* Limited (Incorporated in Briton Wgin Istend) NOTICE OF FINAL MEETING IN THE MATTER OF THE COMPANIES ACT, CAP. 54 AND IN THE MATTES OF ÜBI CAR SALES AND DISPLAY CENTRE PTE LTD
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  • BusinessTimes ShippingTimes
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      Lock icon DAILY FREIGHT
      522 25 Knight-Ridder Reuter THE London freight market staged its steepest daily decline in four months when it tumbled 23 points as Baltic panellists slashed caper rates in the Atlantic. The index has fallen by 8 per cent this month and almost 10 per cent since Aug 25 when the
      Knight-Ridder; Reuter  -  522 words
    • Article
      TWRA to raise delivery charges in S-E Asia from next year
      300 25  -  ay Yong Mei Fong SINGAPORE Shipping lines in the Transpacific Westbound Rate Agreement (TWRA) will be raising delivery charges in six South-east Asian countries in response to the scheduled increases in destination port charges. From Jan 1 next year,
      300 words
    • Article
      MARITIME STOCKS
      320 25 SES H»0 Oct 2 S$ Vol CWT Distribution 1.50 unch 465 Chuan Hup Holdings 1.29 -0.04 135 Cosco Investment 2.01 -0.03 7 Far East Levingston 6.30 +0.05 44 Freight Links Express 0.75 -0.015 95 GB Holdings Ltd 1.04 -0.06 258 Hai Sun Hup Group 0.95 -0.015 176 Hitachi
      320 words
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      S'pore shipyards likely to see smaller margins, says study
      509 25  -  By Alec Almazan SINGAPORE Singapore shipyards are entering a new period of structural change marked by weaker margins but stronger revenues, a recently released study by a local brokerage house indicated. In his Singapore Shipyard Review, Kay Hian James Capel investment
      509 words
    • Article, Illustration
      Headed for Mandalay
      164 25 SINGAPORE For once, the luxury cruise ship was the passenger instead. Hitching a ride on specialist vessel Condock IV, the Road to Mandalay (above) headed for its namesake town in Myanmar after a US$5 mil- lion (Ss7.l million) conversion and refurbishment by European contractors in Hamburg. The
      164 words
    • Article
      Lock icon Anera drops surcharge plan for Tg Priok
      167 25 Knight-Ridder JAKARTA The Asia-North America Eastbound Rate Agreement (Anera) group of shippers has cancelled a plan to impose a surcharge on cargo going to and from Indonesia's Tanjung Priok port, newspapers said yesterday. The group had earlier threatened to add surcharges of US$
      Knight-Ridder  -  167 words
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      Lock icon Marked structural change in global shipbuilding predicted
      380 25 Lloyd's List LONDON Structural change in the global shipbuilding industry will be far more marked over the next 10 years than in the preceding decade, according to the head of one of the most influential marine equipment firms. Roar Endung, president of Kvaerner
      Lloyd's List  -  380 words
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      Lock icon Laem Chabang port to be upgraded in multi-billion baht plan
      305 25 Businessday BANGKOK The Eastern Seaboard Development Committee has unveiled a multibillion baht plan to upgrade Laem Chabang Deepsea Port by building 10 new container cargo docks and improving rail links and main roads connecting the port to Bangkok, the Northeast
      Businessday  -  305 words
    • Article
      Lock icon Court gives B&W new lease of life
      177 25 Reuter COPENHAGEN A Danish court has extended troubled Danish shipping and shipyard group Burmeister Wain Holding's suspension of payments for three more months and creditors approved continued work on a rescue plan. A restructuring proposal from US creditors presented recently was expected to
      Reuter  -  177 words
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      Group plans megaport for Manila
      1110 26  -  |A 6b-peso proposal is just one of dozens of projects submitted for approval which will see port facilities in the Philippines significantly improved to meet future needs. A 1 Labita in Manila reports Al Labita AFILIPINO-Japa-nese group plans to build a 6-bil-lion-peso (***** million) "megaport".
      1,110 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      325 26 Page ANL S Able II Accord 12 Ahlers 6 Ahrenkiel 4 Appenship 4 Astro 12 Austral 13 Avant 6 BSA 13 Batamindo 11 B'tang Mas 12 Bright Express 6 CCNI 4 CMA 13 •COSCO II CSAV 5 Centenary 11 Central Ex 13 Chahaya
      325 words
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      THE SHIPPING GUIDE THE SHIPPING GUIDE
      16340 32 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at SingaporefoUoWed by the ETA at the destination The page number refers to the location of the schedule advertisement ETA ETA Mw HHir Vassal Voyt«« Pf I "SmmJSSSmJSSMLH^ A Acajutla
      16,340 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        646 39 Voy Ho Brtti Vrtwl Digrtw Jhpmh[ P)b|( AsSnConManca 09/95 J15 alongside 03.10/2300 Batam Bahagia 003 J3 alongside 03.10/1900 B*am Mah N230 J3 alongside 03.10/2300 Bum Putra 10/01/95 J1 alongside 03.10/1300 Dm Guna 09/03/95 J21 alongside 03.10/2300 Global Manner J2 alongside 03.10/2300 Glory Selatan V* 249 J8 alongside
        646 words
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        CONTAINER SCHEDULES
        1497 39 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Raits Ship Voy Wo Etb/Btr Period From To From Ac* Swan 190A 04/0200 IB 02/1500 02/1659 02/1900 28 02/1700 03/0659 03/0900 3 03/0700 03/1159 03/1400 Acx Violet 052B 03/1500 1A 02/1500 02/1659 02/1900 Andro Star 155 05/0700 3
        1,497 words
      • Article
        GLOBAL HOLIDAYS
        209 39 OCT 3 Bangladesh: Durgapuja. Chiaa: National Day holiday. Geramajr. Unity Day. HoMhns: Nacimiento de Morazan. ladia: Dussehra. Israel: Eve of Jewish day of Atonement (Yom Kippur) (to OCT 4). Sooth Korea: Foundation Day. OCT 4 Israel: Jewish day of Atonement (Yom Kippur). OCT 6 Egypt: Armed Forces Day.
        209 words
    • Air & Land Transport News
      • Article
        Lock icon European airlines look forward to higher profits
        453 40 NYT PARIS Passenger demand is booming and European airlines are filling more seats than they have in a long time. That, combined with the benefits of cost-cuts, means Europe's leading carriers can expect better profits this year. What's more, say experts, the improvement
        NYT  -  453 words
      • Article
        Lock icon New World in Vietnam airport bid
        271 40 Reuter HONGKONG Hongkong's South China Morning Post reported from Hanoi that Hongkong property developer New World Development Co Ltd is bidding for a US$l5O million (*****.5 million) project to redevelop Vietnam's Ho Chi Minh City airport. The newspaper said it was a move by
        Reuter  -  271 words
      • Article, Illustration
        Lock icon Light aircraft crashes, killing passengers
        45 40 Reuter LYON, France Rescuers standing next to the wrecked remains of t light aircraft that crashed on the 146 highway, sooth of Lyon, central France, on Sunday. The three passengers were killed. No cars were involved in the accident. Renter
        Reuter  -  45 words
      • Article
        Lock icon US govt criticises Chrysler
        137 40 Reuter WASHINGTON The federal government last week released two letters sent to Chrysler Corp expressing its concerns about the company's handling of a voluntary recall of 4.5 million minivans. The National Highway Traffic Safety Administration accused Chrysler of distorting the agency's position on the rear door
        Reuter  -  137 words
      • Article
        Lock icon US tightens airport security
        217 40 AFP WASHINGTON US airport security was ordered on Sunday to its tightest status since the Gulf war amid mounting worries about a new terrorist threat on US soil. "Based on several current and future events, more security measures are now warranted," said Transportation Secretary Federico Pena.
        AFP  -  217 words
      • Article
        Lock icon San Diego firm wants to build airport in Pacific Ocean
        446 40 Reuter SAN DIEGO, California It is not easy to fly into San Diego, what with pilots having to navigate their way between skyscrapers. But a local firm has an idea and the US Navy likes it. Float Inc, which wants
        Reuter  -  446 words
      • Article
        Changi Airport, SIA win awards
        257 40 SINGAPORE Changi Airport has again been voted the "Best Airport In The World" in the 1995 Business Traveller (UK) reader survey. This is the eighth consecutive year that Changi Airport has won the award. The Business Traveller Awards Presentation Ceremony will be held on Oct
        257 words
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        Lock icon Hongkong, Australia resume aviation talks
        245 40 Reuter MELBOURNE Qantas Airways said talks between the Australian and Hongkong governments over airline rights have restarted but the outcome is uncertain. In its annual accounts released yesterday Qantas said a resolution of the dispute with Hongkong over so-called fifth freedom rights was a development
        Reuter  -  245 words
      • Article
        Korean Air flies direct to Fiji
        91 40 SINGAPORE Korean Air is now operating a direct service between Seoul and Fiji island. A 273-passenger MD-11 will fly the route in a two-class configuration. The KE66I departs Seoul's Kimpo airport every Monay, Wednesday and Saturday at 2030 and arrives at Nadi International Airport
        91 words
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        Lock icon Thai tycoon's PAL offer rejected
        95 40 Bloomberg Business News MANILA Government companies have rejected an offer by Thai businessman Albert Cheok to infuse 3 billion pesos (Ssl64 million) into PhUippine Airlines Inc (PAL) by buying 600 million new shares or 38 per cent of the beleaguered flag carrier, according to local
        Bloomberg Business News  -  95 words
      • Article
        Lock icon Aerospace joint venture in Taiwan
        94 40 Reuter TAIPEI Taiwan's Yeu Tyan Machinery is planning to participate in a US$24 million (5534.3 million) aerospace joint venture with the cabinet's Development Fund to manufacture small passenger airplanes, the local Commercial Times newspaper reported. The fund will own 25 per cent of the joint
        Reuter  -  94 words
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        Lock icon Aussie union acts against Air France
        91 40 AFP SYDNEY The Australian transport workers union yesterday banned refuelling of Air France flights at Sydney's international airport in protest against France's second nuclear test. The ban will come into force at midnight and could be widened to include other services such as baggage
        AFP  -  91 words
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        Lock icon India set to be No. 1 tractor market
        99 40 AFP BOMBAY India is set to become the world's largest tractor market in the year to March 1996, with projected sales of 190,000 tractors, a top industry official was quoted as saying yesterday. Alan Durante, president of the Tractor Manufacturers Association (TMA),
        AFP  -  99 words
      • Article
        Lock icon Cheaper Merc E230 in Japan
        84 40 Reuter TOKYO Mercedes-Benz Japan Co Ltd (MBJ), the Japanese unit of Mercedes-Benz AG, launched its 1996 E-class luxury sedan models in Japan at prices on average 4 per cent cheaper than their predecessors, an MBJ official said. The Japanese price of the E230 will be
        Reuter  -  84 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1306 40 AIRCRAFT ARRIVALS DEPARTURES 9l n*t m mm m Ml GA974 0010 Q4882 2310 Qfoei 1930 QR*2 2055 SQ228 2120 KL831 1025 GA974 0020 G4897 12S5 KLB44 0110 SQ327 1330 KL838 2335 8Q026 2388 Mw SQ348 2250 MM NZ073 1545 SQ288 2045 SC286 2040 HZ074 2340 M kpn BM21 1106 9Q182
        1,306 words
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      40 25 100 years of Swedish traditions. Spares engineering services for B&W T23, V 23, L23/S2B, V2B L2B Please contact sole agent (S.E.A.) Blue Marine Tech Services Pte Ltd (Spore) Tel: *****13/*****09 Fax: *****20 (Distributors required for Thailand, Hong Kong, Indonesia, Malaysia,
      40 words
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      Page 25 Advertisements Column 2
      16 25 Group plans megaport for Manila: Page 2 European airlines look forward to higher profits: Back Page
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      0 25
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      Page 25 Advertisements Column 4
      314 25 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 Pis su Pa 3 for schedule BULLETIN BOA PTP] —-i Men at the helm Mercedes-Benz AG, which I recently reorganised its. board of management said its new members indude He,mut Petri BtoJ vj 1 I Manfred Remmel, Hff a Peter Fietzek, 4
      314 words
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      906 26 I OTWtH PCTTMMTKWa ~~l n I wnwanni I w turn mm u m| w m m mok 1| r Ii i IB MM —WB IggLggg «/n n/» a/wla/N a/N ivw wn a/*" wn wm |u/ii| i;/n j u/n I r/li |wH T rt/i7|aAH H Smt m "W" *SSP Je ss
      906 words
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      Page 26 Advertisements Column 2
      223 26 Ltatt and aorvicoa reprmnttd by Mentors of the Aedetry o« Accredited (jtfjSlvJ Shipping Agonta, Singapore National Shtooing *mr itthm v*!Hsy I rr w 'f "••wipiiMii# I For advertising enpartes, contact Styppfcg Times.W 740-20W PORTSHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday BuanessDmfs jssmmmm II
      223 words
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      812 27 BREMEN BREMERHAVEN Message from BLG Board Member and head of BLG'B container division. g] |M§P|^4t!T?ltl;i?l^^Bßßß "...our ports are geographically well-positioned in the heart yuUj^MglSjM n the occasion the Day of German Unity, Ito express my appreciation to w®r all Singapore business partners for their continued support. The Free Hanseatic City
      812 words
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      711 28 t rasa wt hmi roM ant um stqn rcu* sm Ihk uo no sm uoi mc v mmmantss W m 10/; I vio WlFiTwloTio" mm% li/oT in in iyi n/i z/io I yii iyio viPlyj?" J HMOMHBEHBS ~ilS ft* ife~ ~~W~ I t/lO I 10/lQ I It/lQ I- WiF IW
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      Page 28 Advertisements Column 2
      1315 28 II NOR ASIA" I VWBBL VOH SM ALO LAS BCL VAL MAM BRE ROT ANT FVL LHA I ft MOTIVATOR DM M/N 24/10 2VII 21/11 2*lo 20/10 2*lo 3*lo 31/11 31/W 82/11 OEANTMTIVE M(W 11/W 3VIO 3*lo W1 WII WII W1 Sn Sm W NONABA MALTA 0041-J Wl 17/11 o*ll
      1,315 words
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      Page 28 Advertisements Column 3
      571 28 JAPAN/HONQKONG/STRAiTS REGULAR SERVICE LOADING FOR PORT KLANG/PENANG «wa vor ifOM f ouoam fm Tph eastbwhemo g «LD BDCT ■amu harmony boo won raaa M MOCT t7OCT TAMAOQCAAI 1 16 OCT MOCT >7 OCT MBWI J MOCT MOCT UOCT II OCT WWIMHWI) 18 11 OCT HQCT WMWH J 11 OCT 13
      571 words
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      1280 29 PftQRC SOUTH WBT EXPtfSS (WKKT) vcsa wr giro sire lux lom I <n cot la* I hou 1 wrc m I *a*Kwm* m ts/it ot/it 22/14 24/14 b/io »/ii n/w yw g/N 31/14 w/ii MiKWini *tt n/ii u/io "w7ir" 31/11 ~if7TT 42/11 ~«7IT~ w/ii 44/ ii ~w7fi~ •7/n aowiwmwßwww m
      1,280 words
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      Page 29 Advertisements Column 2
      1504 29 HANJIN SHIPPING USA CANADA MM DOT m IMHMA H Mi m 01 MT m Mi in jm [~SE al fS VW Tm T~is TtK TTS mm mmm nm a/w tma n/w w» ww n/w a/w "wm" »/i« »/n iiTii iiTio i»7i» wii ■—iwrai mm ii/H mm a/ii a/n a/n a/ii
      1,504 words
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      1054 30 f 1 ad m I mm BJ 1 f M M J J a 1 HH 1 I M 1 k B__fl I I I 111 I MP ROM ANW HM TUP LMV LHV THP ROM ANW HM PKL UP ll f SnSL?£SL 12!. SH* SfJ* 2m* ?!<!• 121 1
      1,054 words
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      Page 30 Advertisements Column 2
      612 30 ftsglnS, S~SS mg !fl! »ffi nil n% m%ZT SSS 38 r* w» J™ 23? uMCONCtftT 07M1MT M/W «m Mil «ni Mil |MIIWWItt»m—mHUWWI, —C«l—>l—l USMOUWDVttttUOHMI NY ADM MA OAMMM AIIC ACCIFTMG NSFEK COO 1 £H Si B §2 IcAUFORMA 17 WW) Wll *11 Mil 11/11 £fli JJ2JS" IVIO I*ll 1111 15/11
      612 words
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      Page 30 Advertisements Column 3
      562 30 BHKIiMIII KUW—AOPiCI WPTILTD TEL: *****33 (12 UNO) FAX: *****18/*****03 TBJEX: RS ***** MBHP (3 Una* CR NO: **********06 ACCEPTING FCL AND CONVENTIONAL Vojr KTA Til Abyot 41WB SDftQ Mnmhwa. OQ»uC HtiHl «MI 07/12 B' 111,1 v,,: FULLY CONTAINERISED REGULAR LflSfFB srayiCE ACCEPTING BOTH PCL/LCL ALSO ISQftOC 0—" I*l I |p.laM~
      562 words
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      831 31 STRAITS SHIPPING PTE LTD M mad 10 Nm Chiaaf Road #11-01 Kappal Tawara ■LJi Olafapaca 0200 Tal: *****00 Fax: *****17 mo umA mobc ung €SBIr (A SERVICE OF CHINA NAVIGATION CO) CARBO QUI IML UflP CMMMJNH-S VMIC n,ta,ta 6MB M MM 17Od .....Jsra.««>.!,.. ,«m mroNMJ mil £JTw.Ui MM MM MM
      831 words
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      Page 31 Advertisements Column 2
      1657 31 IM|L F&O Containers *Esc2slLk, (Sinroorc A,encl«> Pte Ltd First Class Connections WORLDWIDE Tel: 225 223??Tete?RS *****? > Nosp?fl^S ,^7JS 7sl7 CR Number *****9 *****Z I Jm«BO MAERBK 96V0 «Jc2 »Jds 5Sw STo £To 2*70 LIH VOY OOT NOT mm one nu LB4ALOJCD -PKJO tM SBKIAPORE BAY 9000 27AM am 30/08
      1,657 words
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      Page 31 Advertisements Column 3
      319 31 ouiaouaa no. no jom m m uo we n 101 m n ok n gggg 1 —wrnwr Wl7W HIHWWw! ay mt IffiT ~n7io~ Hz/if ~="~W~WWIrlHI awwoimam ova Wa rTio aoya wa u/a iva 17/ a a/11 iyii t~ n/5-B amwwmaw 07/ a ura 11/ a irq/a hop 17/ a iyn
      319 words
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      Page 35 Advertisements Column 1
      1508 35 If II tj Fi Vjl '"H?" 1 *»w 7w (a—m): atim uwiNM« 4#—rtm CO STAR SHIPPING PTE LTD gf <^S!£fiL!Sl m cmw-r mtuimu M W I*-U oih« CMO/mt ««»7»I I IMm Vkf tl7-$t TlHi tUM COtHIF CmmH—l: 4MMH M «W7M CmhiMm/ 4M7M MMkitaw} ZJfiL"2SS mm fu mtm tnttum smkmbtm fi.<««.i
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      Page 35 Advertisements Column 2
      210 35 HEUNG-A SHIPPING (KOREAN FLAG) a NO: 141M9SMM nit iv rntm ortn rrrnn 1 1 1 niiiMWMBWWWg WQWi MMCT UfIBHIC MtjyrM cur um fag mm t Jit'"4'M" l t A»'" fMI M I |jB w rWT w agT" Bri ___^a^i_m. i »flt w/n Ufli »y/»» ww H/I< kQWH I l£}TH f
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      Page 35 Advertisements Column 3
      285 35 pi DONGNAMA LINE IKJ II ""^»^^W. wapss rw n nr m ac m KM IMS Mil «7/M M/M M/M U/M B/M B/M MSnWSHM M/M 14/19 17/ M M/M B/M #1/11 SmUUMSIM tl/M B/M M/1# B/M M/ 11 V/ 11 ■JMMMUMI _W!!_ WM »'/W 11/11 IS/11 «nm HP M K m
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      Page 35 Advertisements Column 4
      552 35 I FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOTLINE: *****33 (30 LINES) I BARCELONA/SPAIH 04/10 LEHAVRE/FRANCE 09/10 MARSEILLE/FRANCE 06/10 HAMBURG/BREMEN 06/10 GENOA/ITALY 07/10 ANTWERP/BELGIUM 06/10 GOTHENBURG/SCAN 08/10 ROTTERDAM 06/10 aarhus/copenhagen 08/10 feuxstowmjk 06/10 LOS ANGELES/WCfIPI 08/10 SYDNEY/MELBOURNE 05/10 NEW YORK/EC 08/10 FREMANTLE/ADEUUDE 04/10 VANCOUVER 06/10 BRISBANE 05/10 TORONTO/MONTREAL
      552 words
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      Page 36 Advertisements Column 1
      883 36 ijygtL I voir I J«t [vesao. I voy I MN pen V^M I WANABHUM M4s Wad |04/1Q "sm 107/10 1 QUWU 8147 71,1 1 01/10 i=r± zzl 55 I oooOfArr 1M ~W OVIO Tub I<VlO THAHABHUM 140N Man o*lo Wad 11/10 HATHA BHUM TIN Tua MPt BM 07/10 I rTTLTI/
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      Page 36 Advertisements Column 2
      236 36 Continental Pacific «Nw*n LI TIMBER A PLYWOOD SERVICE TO U.K./CONTINENT KXU S PORE P*L LOAOW6 FOR ADRIATIC PRESTIGE SLD SLO FLUffIOT/AMTAJK MARIA K SU) SU) R.U/ROT/ANTAJK TREASURE BUM MPT 11/11 14/11 FIUfIOT/NfTAJK •LMR SiXMUHIIII CRM ISMIMNIH CONTIPAC SHIPPING PTE LTD IMi IHIIUftoIWTm ML MULnRORT RON MB, TMLi MOM TUCi MA
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      Page 36 Advertisements Column 3
      796 36 w 79 ANSON ROAD, *21-01, BINQAPORE 0207 CR tls*****oooo!r^^^^j PORT KLANQ PENANQ «gwa Wf I sw hl vena I wrr m m KWSSA 006* 05/10 THU O&IOffil DRAGON MAS 56N OVIOWED OfrlOffll EAGLE MOON 104 A OyiOTHU 07/10 SAT LHOTSE ■TO) 07/10 SAT QftIOMON MflO ***** 08/10FRI 06/10 SUN DRAGON
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      Page 37 Advertisements Column 1
      540 37 iOSA^ M MYANMA \SBBk FIVE STAR LINE (My—f Natiaaal Um) Laa*| for Y««m (Raafaaa) wa wan nw fm fm mbm raw-.. MMN 223W HPT Ok 1H M4S-MI73M fit TH. 62-S3-37M161 f* tm n-M-MiMti fm m 62-47-*****21/4 BANK LINE U wnta al Aa+aw WMr NOKTHMOUMP TO UtCC SEMKONIMNBSBtVKI/NLkVYLrrCAMIftJTT WSM HOT M
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      Page 37 Advertisements Column 2
      718 37 a ADVANCE CONTAINER UNES (PTE) LTD API 140 GacM StrMt, #12-00, PIL BuNMng, Singapore 0108 _MVLI THL: *****21, FAX *****19, TELEX RS ***** ACLPL C« NO. **********06 BAMMUK —JAKAM9A. Lfl>\ Ml v vonr T" «m jct mt ESSb 5S \wi yl M/lTfe !1/n y h. JESE_LSxS >■ I n/ia md
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      Page 37 Advertisements Column 3
      634 37 l""" r- HMMMQ IWWPOWT WOTTMDM4 MIWMP *1 MigotMomi*. mm aano gw arm trm mm am J 0€ CAfWil. CIIW WIO >1/10 01/11 OVII OVtl Wll *1 vtA£ 06 AOfn eim nwe 07/ ii o*ll wti ivn t*ii J wtorMXMA Aim mm ivfi wii wii wii wii ALSO acccptmq camqo to
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      Page 38 Advertisements Column 1
      741 38 ACJ MHO ixnns IHIPPINO (PTI) LTD. M M I 11 COLLYBt QUAY #06-01 THi ARCADE SINGAPORE 0104. TIL: *****90 (4 UNES) FAX: *****08 TLX: R*****1 BJNOEX Direct Container Service: SIN HKG Shanghai 08 days Next Voy: SUYUNV9SO4 EIA 04/10 CHANG YRMG V 9510 ETA 12/10 CONVENTIONAL: DONG SHENG V 9501
      741 words
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      Page 38 Advertisements Column 2
      77 38 WP DRAFT-CAHGOWATS EM 0 (S) PTE LTD CALLi TIIMM CM LINES) MAIKETPWttItNai NVOCC CONSOLIDATION ft FCL SERVICES GEMARTRANS jjSjktH Bfe 871? Sfo 58, ®8 !&5 ijjjl I Hfc I SUi 1 Bin* 1 ffju I immbi mm is/M it/i# I O.K. LINE FULL CONTAINER SERVICE S'PORE/JAKARTA vena wrr m jkt
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      Page 38 Advertisements Column 3
      341 38 ll £11 MFL SHIPPING (INTLI. SSSff PTE LTD SUBSHMARY OF HM SUN HUP GROUP FCIAjCL consolidation services > HOT LUtESi ********** ACCIPTM GMNOB TO HIROPf BASI PORTS/ STMKT/HUOMBK 'y *"0 ACOTVK FQIO USA PORTS AND OtOSHOWH SBVW 10 MCDCO AMD CANADA vissa voy nTcsiii^r NOtPwait voo4s 05/10 T KUOTAI 004S
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      112 39 mmmikapal kris simm Ltd 701OUXTON ROAD, vTOt HH9529 fcfc *****7* Foe *****77 q«i xmtswc »f ii r iMjiiMM TO HUW4 ttlT MAIAVStA PinrnMin I Tar vissa vor ntsrai vessa vor rami NMAMMK 9SJ9 Ilium DBS MOM 95W 1111.1995 OB MDMA tSII 14.10.1995 KBSMBtUD 9SS9 *****995 WttfßHM 9541 *****995 vissa vor
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      Page 39 Advertisements Column 2
      76 39 SI NIPPON EXPRESS fWoridwida Consolidation System) fixed weekly departure arrival to Arrow U.5.A. |Rn99Vm|- iTDSMMPOtf ■MMMmU EVERY MOMMY IHUiSiSiSiH- EniflMKAai IVBT THURSDAY EttORCAfiO EVERY IHUMY Arrow Europe (17 DATS TRANSIT ONLY) ■fflfffflßH ETR STORE ■UiUftUkMhH EVHTY SAJURMY ETA FELIXSTOWE EVERY TUESDAY ■33THTHH1 ifßsroßi EVHTY TIMRStAY EUMTTBRAa IVBT SIMMY Alm occopting
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      115 39 REGIONAL WEATHER pr V LEGEND R Thund«r*orm T«mp*otur« c A y Show* W#e#w Wind diction with ip««d In knot* Rom Cloudy Sky Wov O°" ,M crd rmprtmntt cofcn of light and vahobi« wind* A_» On. half fWch« represents 5 knot* I—► One hJ fleche represents 10 knots 4__ On« vofcd
      115 words
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      Page 40 Advertisements Column 1
      70 40 1) M.V. OMS EAGLE" VOY. It AMU) 2*TH SEPTEMBER 1993 2) M.V. "ALTAI! ACE" VOY. S AMU) 2CTH SEPTEMBER 199S Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 4th October 1995, 0900-1200 hours at PBA and P2.
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