The Business Times, 24 October 1995

Total Pages: 40
1 40 The Business Times
  • 12 1 BUSINESS TIMES WE KNOW ASIA MITA(P) 194/12/94 Tuesday October 24 1995 85*
    12 words
  • 73 1 Reuter NEW YORK Stocks fell sharply yesterday as investors took profits after blue chips surged to new highs last week on Wall Street. Just after 1:15 pm EDT, declines led advances 15-6 on the New York Stock Exchange. Volume was a heavy 185 million shares. At
    Reuter  -  73 words
  • 146 1 Moaday Chaage STU dosed KLSEComp closed Nikkei 18,156.24 -1.09 HaaaSeng 9,880.53 -14.71 SETlndex closed Jakarta Comp 498.96 -1.48 Manila Comp 2,585.17 -16.19 Taipei WP1 4,975.44 +37.46 Seoul Comp „.976.39 -23.11 Bombay BSE30 closed CLSA China B 832.12 -10.55 Aust AllOrd 2,089.3. -17.5 FTSE100 3531.5 -19.9 ANnpofpriMor •piuMMtainli Singapore* 6.44 Kuala
    146 words
  • 695 1  -  By Conrad Raj SINGAPORE Singapore Airlines, the world's most profitable air carrier, is set to once again breach the $1 billion mark in net earnings. SIA reported over the weekend a stronger-than-expected climb of 13.5 per cent in group net
    695 words
  • 180 1  -  By Michelle Low SINGAPORE This battered facade all that remains of the old Singapore Ballet Academy near Killiney Road stands amid the rubble like a left-over stage set from a performance of Romeo and Juliet. But the show is not yet over for this magnificent
    Photo by Chris Loh  -  180 words
  • 181 1 AFP TOKYO Most Japanese do not want responsibility at work and have lost much of their ambition, a trait common during the country's economic boom, according to a survey published yesterday. About 77 per cent of those surveyed by a research arm of Hakuhodo, a
    AFP  -  181 words
  • 567 1 Bloomberg Business News NEW YORK Major US companies arc hiring workers at nearly the same rate as they are cutting jobs, the American Management Association (AMA) said in its ninth annual survey of the US workforce. The AMA said
    Bloomberg Business News  -  567 words
  • 433 1  -  By Conrad Raj SINGAPORE Singapore will prosecute all wrongdoers in the collapse of Barings, Britain's oldest merchant bank, Finance Minister Richard Hu has said. "If the CAD, in following up on the inspectors' report, should discover substantive evidence on chargeable
    433 words
  • 467 1  -  Fran Anthony Rowley in TOKYO JAPANESE banks are being urged by financial authorities in Japan not to make overseas loans now if this is likely to lead to problems later in funding such loans. This official call for restraint comes just at
    467 words
  • Page 1 Advertisements
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    • 8 1 Property: Pg is HK's brave New World J.
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    • 9 1 Hock Lock Siew: p g 20 for Thai exchange
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 285 2  -  By Anna Teo INFLATION continued to drop last month. At just 1.3 per cent, the September figure brings the inflation rate for the first nine months to about 2 per cent, in line with projections for the year. It was the second consecutive month that the
        Source: Dept of Statistics  -  285 words
    • 511 2  -  By Michelle Low A SHARP drop in project launches coupled with firm demand for scarce prime units worked towards a 2.5 per cent price rise in the private housing market for the third quarter, said Jones Lang Wootton. In the previous
      511 words
    • 266 2 TRADE Industry Minister Yeo Chcow Tong yesterday laid out the agenda for the World Trade Organisation's inaugural ministerial conference to be held in Singapore in December 1996. The biannual conference should, firstly, take stock of progress since the conclusion of the Uruguay Round of
      266 words
  • Page 2 Advertisements
    • 269 2 ']"_\"|"'*<~<]>>".(:[.<$}\:;!-" n New Age Prophet Dr Charles Handy on The Shape of Things to Come... Dr Charles Handy prophesied that organisations in capitalist societies will move away from the structured to flexi-organisations consisting of a small core of key workers surrounded by a ring of temporal y workers and suppliers
      269 words
    • 219 2 a Q)^neil Next to the Shangri-La. Only 5 minutes from Orchard Road. Easy access to major expressways. Near shopping centres, supermarkets, restaurants and embassies. Luxurious 1, 2 or 3 bedroom suites. IDD phone-fax and televisions in all suites. Personalized maids, laundry and secretarial services. Landscaped pool, tennis, gymnasium, sauna, steambath,
      219 words

  • Page 3 Advertisements
    • 203 3 -4*r\ p»t, -r T -**9 A f -4 i>,. if<: .i-'.'swr W' W V#v' 'ftf9-*i f"• W > r v i r „v<. 1: ■*<•* *>»&■» V' V x r > -*v V ]'X V £f'h V i K": -1. >'. h 3?| I i l~ -y:*- '•>' A'.» <
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  • SOUTH-EAST ASIA
    • 280 4 Reuter MANILA Philippine Supreme Court Chief Justice Andres Narvasa yesterday defended the court's decision barring the sale of the historic Manila Hotel to Malaysian and US interests. Mr Narvasa disputed complaints by economic analysts and businessmen that last Wednesday's order barring the sale
      Reuter  -  280 words
    • 234 4 Reuter BANGKOK Six Asian countries sharing the Mekong River pledged support yesterday for private investment to help speed up joint development projects in the region. Senior officials from Laos, Burma, Vietnam, China, Cambodia and Thailand said at a meeting they saw private funds and
      Reuter  -  234 words
    • 167 4 Reuter KUALA LUMPUR Malaysia has called on a United Nations timber body to establish uniform rules for all forest and timber products. Primary Industries Minister Lim Keng Yaik said an ad hoc inter-government panel on forests (IPF), set up by
      Reuter  -  167 words
    • 70 4 AFP MANILA Squatter residents gather outside their shanties while in the background children play at the summit of the once gargantuan dump popularly known as u Smokey Mountain" and now replaced by a blanket of soft green grass. The 21 ha dump-cum-shanty-town beside Manila Bay, which
      AFP  -  70 words
    • 411 4 Bernama KUALA LUMPUR Prime Minister Mahathir Mohamad said he is prepared to meet Cuepacs, the public servants' union, to discuss the salary revision for civil servants. "It's all right, I*ll meet them as long as no conditions are imposed," he
      Bernama  -  411 words
    • NOTE BOOK
      • 66 4 AFP TOKYO The Export-Import Bank of Japan said yesterday it had signed a contract for a US$l95 million (***** million) syndicated loan to Indonesia, to be extended jointly with the Asian Development Bank. The bank said the loan would be used by Indonesia State Public
        AFP  -  66 words
      • 78 4 AFP MANILA President Fidel Ramos has ordered the Agriculture Department to do away with lengthy queues for subsidised rice that have become an embarrassment to his administration, a report said yesterday. The official Philippine News Agency (PNA) said Mr Ramos, who is on a
        AFP  -  78 words
      • 50 4 AFP MANILA Philippine industries registered an overall 16 per cent increase in net sales value for the eight months to August compared with the same period in 1994 to reach 235.9 billion pesos (Ssl3 billion), the Department of Trade and Industry (DTI) said yesterday. AFP
        AFP  -  50 words
      • 75 4 Reuter BANGKOK Thai air force chief Siripong Thongyai said Thailand had placed an order with the US Defence Department for a squadron of 16 missile-equipped FlB jet fighters worth about US$72O million (551.02 billion). The Bangkok Post newspaper quoted him as saying
        Reuter  -  75 words
      • 90 4 AFP HANOI Vietnam and Japan have reached an agreement on avoiding double taxation that will aid growing Japanese investment here, a statement said yesterday. The agreement, to be signed today by Finance Minister Ho Te and Japanese ambassador Katsunari Suzuki, defines the relationship between
        AFP  -  90 words
      • 62 4 Reuter BANGKOK Commerce Minister Chucheep Hansawat has approved a proposal for private traders to import an additional 100,000 tonnes of soybean meal next month and December, ministry officials said. They said the approved imports, to meet a local shortage, will raise to 650,000 tonnes the
        Reuter  -  62 words
    • 336 5 Reuter MANILA South-east Asian nations, home to some of the world's most ingenious and prolific copyright pirates, plan to set up a regional system to strengthen enforcement of intellectual property laws. Weerawit Weeraworawit, a director of Thailand's intellectual property department, said yesterday that
      Reuter  -  336 words
    • 162 5 Reuter PHNOM PENH The German Foreign Minister Klaus Kinkel will lead a large trade mission from his country to a three-day official visit to Cambodia early next month, a German embassy official said yesterday. "He (Kinkel) will be here from Nov 2-4. It (the
      Reuter  -  162 words
    • 206 5 Reuter HANOI Vietnam confirmed details of a governmental shake-up yesterday it said was aimed at fighting bureaucratic inefficiency, but analysts said the move had wider political and economic considerations. The Foreign Ministry confirmed that eight government bodies are being merged into
      Reuter  -  206 words
    • 335 5 Reuter PHNOM PENH King Norodom Sihanouk said yesterday that free and fair general elections due in 1998 were vital if Cambodia's young and fragile democracy was to survive. "For our democracy to survive it is fundamental that the next elections be
      Reuter  -  335 words
    • 223 5 AFP MANILA The Philippines' Central Bank yesterday warned that a bid to stem massive foreign exchange outflows from build-operate-transfer (BOT) projects "could have negative repercussions" on the country's moves to liberalise foreign exchange rules. In a report to its policymaking body,
      AFP  -  223 words
  • Page 4 Advertisements
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      163 words

  • Page 5 Advertisements
    • 80 5 Investment Opportunity In Vancouver Canada Waterfront property fully zoned and "ready to go" Development Permit issued for 72 unit condominium Adjoins ASPAC/Marathon's Coal Harbour project Coal Harbour and mountain views Existing Office building with holding income o Full architectural plans completed and approved Minimum bid set at C 53.75 million
      80 words
    • 409 5 Girard-Perregaux Pushing the Limits of Time The quest for the ultimate timepiece has seen the limits of horology constantly heing pushed hy watchmakers keen to make their mark on the march of time. And Girard-Perregaux has heen at the forefront of this quest since its founding in Geneva, in 1791.
      409 words

  • CHINA/HONGKONG/TAIWAN
    • 479 6 AFP BEIJING A Chinese official said yesterday that preferential policies enjoyed by foreign investors in Special Economic Zones (SEZs) would be "gradually adjusted", but denied reports of their imminent cancellation. "China's policy on SEZs is basically unchanged. Nevertheless, there will be certain
      AFP  -  479 words
    • 377 6 Reuter BEIJING The first privatesector bank formed since China's 1949 communist takeover will open its doors next month, tapping a huge market of nonstate firms ignored by state banks and forced to go to the black market for cash. China Minsheng Bank
      Reuter  -  377 words
    • 193 6 AFP BEIJING China's parliament is considering a draft law to standardise administrative punishment of officials in a bid to end widespread irregularities in the fight against corruption, Xinhua said yesterday. The law, submitted to the standing committee of the National People's Congress (NPC) as
      AFP  -  193 words
    • 105 6 Reuter BEIJING The south China province of Hunan carried out its first compulsory auction of a property to pay a debt to a bank, the Financial News said. Hunan Construction and Development Co had a long-term debt of 12.1 million yuan (SS2.I million) to
      Reuter  -  105 words
    • 62 6 Reuter WUHAN A father proudly hoists his seven-month old son into the air at East Lake Park in Wuhan, capital of Hubei province in central China. The combination of China's strict one-child population control programme and the traditional'preference for male heirs has resulted in an
      Reuter  -  62 words
    • 181 6 Reuter PARIS Elf Aquitaine said in a statement yesterday that it would invest more than two billion francs (S$S74 million) in China by the year 2000. The French energy group added that it had decided not to pursue a refinery project in Shanghai.
      Reuter  -  181 words
    • 305 8  -  From Quak Hiang Whai in HONGKONG WITH unemployment already a nagging problem, the Hongkong government yesterday said the official inflation rate had also risen for the first time in five months. Despite earlier assurances that consumer prices have stabilised, government officials yesterday
      305 words
    • 221 8 Bloomberg Business News HONGKONG The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) said they will work together on regulating the territory's financial institutions. The territory's de facto central bank and the securities industry regulator yesterday signed a memorandum
      Bloomberg Business News  -  221 words
    • 231 8 Resilient US economy attracts wealthy group nervous about 1997 Bloomberg Business News HONGKONG The United States is gaining on Britain, Canada and Australia as a favourite place for wealthy Hongkong residents to buy second homes, according to Gillian Tso, director of Sotheby's
      Bloomberg Business News  -  231 words
    • 246 8 Reuter HONGKONG The colony's economy may be growing at a rate developed countries would envy but economic confidence here is at a 10-year low, a poll showed. The poll, commissioned by the South China Morning Post newspaper and published yesterday, 617 days
      Reuter  -  246 words
    • 164 8 Reuter TAIPEI Once a mere passenger on the booming semiconductor bandwagon, Taiwan's venture capital business is now widening its horizons. The business of lending to young companies is prospering The risks are hefty but so are the possible returns. "Eight out of
      Reuter  -  164 words
  • Page 6 Advertisements
    • 1393 6 MAYBAN FINANCE (SINGAPORE) LIMITED (Incorporated in Singapore) BOARD OF DIRECTORS 4. PROFIT FOR THE YEAR Chairman: Oatf Richard Ho Ung Hun 1996 IM4 M—Mm Tan Sri Date 1 Mohd Jalakjddto B. Zainuddto Profit lor toe yeor is staled altar chorgintfcredUng):. S S Sp*" o Directors* emoluments 32.400 21.400 Audkors 1
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  • Page 7 Advertisements
    • 531 7 Qur Group Mission t We J are the leading financial services Provide, our employees with the best BPt PHR group in Malaysia, providing quality opportunities for personal and fp IHH settees to meet the needs of a wide professional growth. K'' 9|D *jnps of customer segments in Malaysia Use technology
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  • Page 8 Advertisements
    • 78 8 HERMES PARIS \e proud to present "Rendez-vous", France's premier jazz group in it "Jazz Around The Globe" in conjunction with the t French Festival Week. t V, v 4 >.-■? "f .v.- A- V i Ufetx-L' i A. W.._ jtt, jiW 'TEhBEB &^Evm3aia«gl t +<m Joie de vivre at its
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    • 12 8 HK to remain global hub for trading Chin stocks: HKSE, Pg 21
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  • ASIA
    • 581 9 Remark contradicts bank's former managing director's claim Bloomberg Business News Reuter TOKYO Japanese Finance Ministry officials never told Daiwa Bank executives to continue concealing a US$l.l billion (Ssl.6 billion) loss in US Treasury bond dealing, said Deputy Finance Minister Kyosuke Shinozawa. A
      Bloomberg Business News; Reuter  -  581 words
    • 63 9 AFP SYDNEY Australia U, the yacht which prised the America's Cap away iron the US for the first time ia 1983, was yesterday displayed ia the Natioaal Maritime Maseaai ia Sydney, which was specially desigaed to accommodate the 23-toaae craft. A farioas tag-of-war betwtca rival states
      AFP  -  63 words
    • 154 9 Reuter CANBERRA Australian Prime Minister Paul Keating has ruled out giving states power to levy income taxes, saying such a move would undermine the government's control over fiscal policy. "Because of uniform taxation, the commonwealth government of the day, this government, was
      Reuter  -  154 words
    • 397 9 Reuter TOKYO The Bank of Japan has not confirmed any specific sign that Japan's economy is moving out of its current stalled state, but pessimism over the future course of the economy has been fading, BOJ governor Yasuo Matsushita said in a
      Reuter  -  397 words
    • 155 9 AFP TOKYO The Asia-Pacific Economic Cooperation (Apec) forum sees economic growth in its 18 member economies averaging 3.5 per cent a year between 1996 and 2000, the Nikon Keizai Shimbun said yesterday. Apec will release the forecast report at its Osaka
      AFP  -  155 words
    • 538 11 Reuter SEOUL South Korean President Kim Young Sam yesterday ordered a full investigation into charges that his predecessor and close ally Roh Tae Woo operated a huge slush fund. The allegations by Mr Roh's former top security aide, Lee Hyun Woo, that he
      Reuter  -  538 words
    • 265 11 Reuter ISLAMABAD Pakistan will soon invite bids from international companies to build, own and operate software technology parks, a senior government official said. Shahid Mir, managing director of the government's Private Software Export Board (PSEB), announced yesterday that the parks were meant to
      Reuter  -  265 words
    • ASIA NOTES
      • 108 11 Bloomberg Business News CANBERRA Australian inflation is likely to accelerate as wage settlements come through, Industry Minister Peter Cook said yesterday. Mr Cook, defending the government's national wage agreement with the nation's unions, said that while the inflation rate will rise "we've broken the back
        Bloomberg Business News  -  108 words
      • 86 11 Reuter CANBERRA Australian Prime Minister Paul Keating said yesterday that his government is looking at ways to improve the use of superannuation funds to boost the economy. Mr Keating, resuming his attack in parliament on the short-term way in which superannuation funds are being invested, said
        Reuter  -  86 words
      • 79 11 Reuter TOKYO Japan's communications industry expects to continue to expand steadily, with sales growing 6.3 per cent in the year to March 1996, a survey by the Ministry of Posts and Telecommunications said yesterday. By comparison, sales growth in Japanese industry as a
        Reuter  -  79 words
  • Page 9 Advertisements
    • 79 9 (fiftfir open!) Singapore's latest "Boutique Hotel' is now open. Within walking distance from Sim Lim lower and Sim Lim Square, yet just outside the CBD. We're also a stone's throw from Bugis Junction, the most 'talked-about' shopping centre in town. With our Value-for-money* room rates from SIOS-5155, we offer you
      79 words
    • 321 9 SAVERS ASPAC RECOVERY FUND Stock Markets through OCBC Savers AsPac AUSTRALIA jdAnIHBHL.. THE PHILIPPINES Wrlj JAPAN HONG KONG SINGAPORE Enjoy a 1% Discount off the Prevailing Offer Price. You can invest in the Savers AsPac Recovery Fund with a minimum of Apply by 28 October 1995 Ssl,ooo. Track records show
      321 words


  • Page 11 Advertisements
    • 175 11 "Ranked Among Australia's Best Universities" Pffl University of V/ South Australia Bth Intake: November 1995 12 up-to-date and innovative modules plus a Project 100% in Singapore *312 lecture hours Member of the Association of Commonwealth Universities (ACU) Ranked among Top-Tier Australian Universities (Group 1), 1994/95. Asia Pacific ijSßjk MWWm Management
      175 words

  • FOCUS
    • 807 12  -  From Leon Hadar in WASHINGTON ONE of the top issues raised during last week's meeting in Beijing between US Commerce Secretary Ron Brown and his Chinese counterparts were allegations by government and business executives of continued rampant counterfeiting q£
      Reuter  -  807 words
  • Page 12 Advertisements
    • 96 12 II II *5 j rutjisC v *™SgWW^M.- .^K^HIS^I^%j& &r vt■. v c^Bßßßlte^^'- .1H -^B. W 4 /I Ji^sW^tfVK, •<5(6/ THE ASCOTT SINGAPORE 24 hr concierge. 24 hr security. Business services. Fitness centre. Personalised daily maid. Living and dining areas. Exclusive serviced residences at the renowned junction of Orchard Road and
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    • 180 12 Wc 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
      180 words

  • Page 13 Advertisements
    • 207 13 fr "JHBFvSr v W:i Vl v vv^>i^^Tl^lwmni3B|||^B^^^^^^^^^^^^W||BßKßHKLy^v;..<.;<^:;--v ■:<■* •£< <o» s .£*jjjj JK jaj&fcj ft > v yp /•^^^BWHBBWWBII m *&v3fgHKf *->. K *•■< .-*rv SOLE AGENT SERVICE CENTRE: TAG HEUER SINGAPORE PTE LTD 250 North Bridge Road, #32-04 Raffles City Tower. Singapore *****1. Tel: 338 6848. Fax: 338 7270.
      207 words

  • Page 14 Advertisements
    • 664 14 NOTICE IS HEREBY GIVEN that, I, HENG SENG HEE of Blk 266, Yishun St 22 #031 76, Singapore *****6, have applied for a Beer House First Class Licence in respect of M/s Family Joy Coffee Terrace located at Blk 134, Bukit Batok West Ave 6 #01-463, Singapore *****4, and that
      664 words
    • 36 14 Financial News ssssA Quick Leek At The Markets. Call 24 hour* a day for SES A KLSE midday report*, doting world market reports and business news. C«N: 30 cenu a minute MFiaiiiie An SFH AudioTex Service
      36 words
    • 521 14 BUSINESS TIME S TOLL-FREE TEL. No. 1 -SOO-"741-1883 FAX:74I-1298 NOTICE IS HEREBY GIVEN that, I, LEONG KIN SIEW of 27, Springleaf Rise, Singapore *****7, have applied for a Beer House First Class Licence in respect of M/s TPE LOBSTER RESTAURANT PTE LTD located at 15, Tampines Avenue, Singapore *****8, and
      521 words
    • 652 14 NOTICE NOTICE IS HEREBY GIVEN that, I YAP EE THAN of 22C Brooke Rd Singapore 1542, have applied for a First Class Beer House Licence in respect of M/s Ming Li Eating House located at 114 Sims Avenue Singapore 1438, and that this application will be considered in Court No.
      652 words
    • 346 14 M THE MATTER OF THE COMPAMBB ACT, CHAPTER SO UIC EOUmES HOUMNQ PTE LTD MEMBERS'VOLUNTARY UOUDATION At an Extraordinary Ganaral Maating of tha Company daamad to ba haM on 16 i n h mt <AAC n, V/CTOO#f 1 WD, Wit TOKTWIOg rmdkJbon* wire duly pnnd> 1. SPECIAL RESOLUTION WINDING-UP That
      346 words
    • 689 14 NOTICE NOTICE IS HEREBY GIVEN that, I GOH HOCK AUN of Blk 229 Pasir Ris St. 21 #04-20 Singapore *****9, have applied tor a Retail Liquor Shop Licence in respect of M/s Ang Chong Minimart located at Blk 506 Pasir Ris St 52 Singapore *****6, and that this application will
      689 words
    • 400 14 GARWIN TRADING PTE LTD NOTICE IS HEREBY GIVEN that the Final Meeting ol the members of the abovenamed company wi be held at 138 Cecil Street *18-00 Ceca Court Singapore *****8 on 24 November 1095 at 10.30 am for tie purposes set out in Sections 308 and 320(3) of the
      400 words

  • PROPERTY & CONSTRUCTION
    • 932 15  -  Abdul Hadhi gives a run-down of its projects in the region Abdul Hadhi Hongkonglisted New World group is likely to eventually follow Hongkong Land in getting a secondary listing in Singapore. But the property conglomerate is not sitting still in the
      Photo by Chris Loh  -  932 words
    • Article, Illustration
      213 15 Selected transactions In the past weak gggto,\°***\ I [JKStil i*- I'VI**" PHVATI Oct 16 1024 VateyPtc Condo I Condo 1216 999 1.000m 822 Oct 16 1954 Highland Rd Terrace 3000 2608 FH 1.680m 644 Oct 17 1545 TheAtria Condo 1345 FH 1.460m 1066 Oct 18 1024 Nathan Rd
      213 words
    • 710 16  -  rm the in PROPERTY -111 COLUMN By Lee Han Shih IT IS hard to imagine another company trying to get into the property game in such a hurry. When the Urban Redevelopment Authority (URA) made public the bids for four landed parcels
      710 words
    • 506 17 Analysts expect them to follow Haseko Corp's move to sell land holdings to tidy up books Reuter JAPANESE property prices are still dropping and analysts expect the downward spiral will prod construction and real estate companies to sell land holdings in an effort
      Reuter  -  506 words
  • Page 15 Advertisements
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      644 words
    • 174 15 BANK RECONCILIATION AT THE TOUCH OF A BUTTON! YES WITH FACT! FACT users reconcile their bank accounts every day, I J'\m early in the morning. In the shortest possible time. With the click of a mouse button. You can V do it too. Switch to FACT Real-Time Business Accounting Software.
      174 words

  • Page 16 Advertisements
    • 176 16 I Would you borrow money from an institution that does not reflect real costs? I I Our lending rates I advertised show the effective rate Le. what you actually have to pay. They may I I appear higher than I others but our culture, at DBS Finance, to honestly reflect
      176 words
    • 125 16 Investment For Sale by Tender District 9 Residential Site Off River Valley Road/ Singapore River Site Area Approx 27,063 sq ft OGB plot ratio at 2.8 Potential for over 50 apartments. If Tender closing on Friday, 10 November 1995 at 3pm. 293 3228 100 Beach Road #35-00 Shaw Towers Singapore
      125 words

  • Page 17 Advertisements
    • 145 17 Hf The cool morning breeze, Inspired Moments the fresh scent of moist turf, J J J 7 is handcrafted to perfection by expert craftsmen, and each piece is certified and bears testimony to the high standards of Holborn. the distant chirping of early birds, the lure of the endless rolling
      145 words
    • 114 17 A, many of life' achievers are aware, life at tke top can be a little, well, frantic. Which is why at tke ANA Hotel we are used to providing a service that's quiet, soothing and dare we say it, just a little soporific. Add to that muted tapestries, wood panelling,
      114 words

  • Page 18 Advertisements
    • 821 18 The All Naturally Brewed Beer. A mprntrmmfimtmi <—£* %y BdOLHVARD HOTEL, 200 Onward BarirvanlSiafapoß lOM.ltt 737 2911 W WWi MUM IQiD WWMMttiPn Oufrwnlt llHt\ mBF 10K iff fa msli pcput J Jut spend $500 and above wflhin 6 monlhs of any of our outots to qualify lor our gold card
      821 words
    • 341 18 WHERE TO WINE, DINE AND ENTERTAIN MORE THAN JUST I I SEAFOOD! I Besides live seafood, Singapore's largest outdoor seafood restaurant offers the Instant Asia Cultural Show at no extra charge! Available from 8 pm to 8.40 pm, Mondays to Fridays. SIROP 1 seafood restaurant 920 East Coast Parkway, Singapore
      341 words
    • 264 18 ra J =I^sl I fancy Heijing? I Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers e variety of duut fin 'Beijing dumplings, a selection of set menus, and 'Beijing specialities ■WW such as "Beijing Tench and Marinated Lamb. Jana some now?
      264 words

  • LIFESTYLE
    • 632 19  -  Artist Nie Ou captures her time spent with the ,peasants of the Loess Plateau. Susan Tsang reports Susan Tsang FOR Nie Ou, born into a family of intellectuals, the Cultural Revolution wasn't a totally miserable experience. Sent to the Loess Plateau in Northern Shanxi Province, she was
      632 words
    • 790 19 NYT INGSLEY Amis, the prolific British novelJLjk. ist, poet and cjritic, died on Sunday at St Pancras Hospital jn London. He was 73 ai& flvw in London. I He had been admitted to a hospital last month after Crushing several vertebrae in
      NYT  -  790 words
  • Page 19 Advertisements
    • 301 19 Executives throughout the world have found that having a Vision of what their j company will look like in future and then focussing on achieving it provides a powerful competitive tool and a clear direction for employees. Singapore's "Tropical City of Excellence" and Malaysia's "2020 Vision" are two such v
      301 words
    • 45 19 F. BOGART'S BAR &3r HAPPY^OURS I m Beer (mug)s 3.80 Beer (jug) $14.80 Wine 4.80 Stout 5.80 9.30pm Imm featuring "HANS" 6pm 11.30pm MSTAURANT Tel: 334-4055 Fax: 337-7727 Seafood Restovrmt I Oyster Bar 3E tiv«r Valley load #01 -08 Troders' Market Oorke Oooy Singapore 0617
      45 words
  • Page 19 Miscellaneous
    • 987 19 A Brief Htetory of tIM United NoHiwf. Bpm, Prandoio 12 The United Nations celebrates its 50th anniversary this year. 1 This film, assembled from UN archives, examines its achieve- {Mw ments. It also looks ahead to HffllHpjyWß the organisation's future role. J National Geographic Spocials, i r 9pm, Prandara 12
      987 words

  • COMPANIES & MARKETS
    • 577 20 SINGAPORE Singapore Press Holdings (SPH) is among the world's most profitable publishing houses despite having smaller turnover than the Fortune 1,000 companies. Against the top 18 publishers in the US ranked by Fortune magazine in May, SPH would be placed sixth in terms
      577 words
    • 263 20 MBT KUALA LUMPUR Southern Acids (M) Bhd expects the palm oil market to remain competitive internationally and the company will constantly research new products and cost reduction methods, said chairman Low Mung Hua in his annual statement. He added that the company also
      MBT  -  263 words
    • 307 20 MBT KUALA LUMPUR Sime Darby Bhd has increased its ability to expand into the global arena due to the efforts it made in the last financial year to June 30. Chairman Ismail Mohamed Ali says in the company's latest annual report that the
      MBT  -  307 words
    • 712 20  -  HOCK LOCK SIEW By Alan Boyd BANGKOK When Total Access Communications floated nine million shares on the Stock Exchange of Singapore (SES) last month, more than one senior executive in Thailand's stock exchange cast an anxious eye towards the Republic. The telecom group, which
      712 words
    • COMPANIES
      • 365 21  -  From Quak Hiang Whai in HONGKONG THE Stock Exchange of Hongkong will continue to develop the territory as the main international centre for the listing and trading of Chinese stocks, exchange officials said yesterday. The Hongkong exchange also plans to
        365 words
      • 590 21 Oct 21 a 23 M>p QtmM tav Rkgt mm n..» MG Spore Premier T! 0.89 0.93® Mppm WR inK MG Aiu Premier T 0.91 0.96$ The Commerce 1.52 1.61 r The Savings Fund l.4i 1.56 QUtWP taVMtMMt DIM ypore ProfFund 0.57 0.61 xd Clll Global Bond Fd 0.971 0.9IS** S
        590 words
      • 836 21 Pay neat Ex Books Pay date close date Ac ma 50* I 12.5 Oct 24 Oct 31• Nov 6 Antah Hide 50« b 4+2TE Nov 30 Dec 14 Jan 5 Auric Pac 504 F 3N Nov 9 Dec 5 Dec 15 Beqaya Group F 6 Nov 1 Nov 15 Dec
        836 words
      • 116 21 NST KUALA LUMPUR Ipmuda Bhd has forecast another profitable year for the company with an expected turnover in excess of MSSOO million (Ss2Bo million). The Ipoh-based trading company expects to at least continue maintaining its profit at around MslB million, with the boom in the
        NST  -  116 words
      • 572 21  -  MARKET By Martin French The writer is chief representative of Credit Lyonnais Securities (Malaysia) Sdn Bhd KUALA LUMPUR There are tough times ahead for the Kuala Lumpur Stock Exchange. The problem is that Malaysia needs a further stiff dose of medicine to fix
        572 words
      • 518 22 Bloomberg Business News AFP TOKYO Nomura Securities Co, Japan's largest brokerage, reported a 43 per cent rise in profit for the half year, leading an industry recovery on the back of a bond market rally and a drop in
        Bloomberg Business News; AFP  -  518 words
      • 270 22 Bloomberg Business News Reuter SYDNEY Wattyl Ltd, Australia's largest locally-owned paint manufacturer, said it has agreed to acquire the Taubmans architectural and decorative coatings business in Australia and New Zealand from Courtaulds pic. The Australian purchase is conditional on approval from
        Bloomberg Business News; Reuter  -  270 words
      • 352 22 Bloomberg Business News Reuter MELBOURNE Foster's Brewing Group Ltd said it hopes to make an acquisition in the next 12 months. Chairman Nobby Clark said yesterday any Australian acquisitions would be beverage or related businesses, and outside Australia, they would be within
        Bloomberg Business News; Reuter  -  352 words
      • 209 22 Bloomberg Business News MELBOURNE Institutional investors, who last week forced a shake-up of the board of Coles Myer Ltd, said they have made "significant" progress in talks with the company about the make-up of the revamped board. The three biggest institutional
        Bloomberg Business News  -  209 words
      • 281 22 NYT NEW YORK The trustees of a Mirror Group pic pension fund have sued a subsidiary of the Morgan Stanley Group, charging that it lost US$lOO million (SSI42 million) in securities held on behalf of the fund shortly before the mysterious death in 1991
        NYT  -  281 words
    • COMMODITIES & FUTURES
      • 348 23 AFP KUALA LUMPUR Malaysia's top commercial bank, Malayan Banking Bhd (Maybank), has successfully placed US$25O million (***** million) of 10-year subordinated notes in the United States public debt market, officials said. The securities, priced at a fixed coupon of 7.125 per cent
        AFP  -  348 words
      • 382 23 Reuter SINGAPORE Asian oil refinery capacity expansions would outstrip growth in regional demand for oil products between 1995 and 1998, causing refining margins to remain depressed, analysts said. Since poor margins are a global problem, and as long as demand and prices in Asia
        Reuter  -  382 words
      • 274 23 Reuter LONDON, Oil derivatives, which promised to be one of the boom markets of the *****, are showing signs of running out of puff as shrinking business on the futures exchanges is mirrored in off-exchange markets. Oil price stability, evidenced by a drop
        Reuter  -  274 words
      • 186 23 Reuter LONDON The mark was again the main focus of attention, remaining very firm across the board and particularly against the more vulnerable European currencies like the lira and French franc. Its strength pushed the dollar down to an overnight low of 1.382S marks in Tokyo but the US
        Reuter  -  186 words
      • 88 23 AFP NEW YORK The dollar was down sharply yesterday morning, depressed by the rise of the mark against the other major European countries, particularly the Italian lira. Gold gained 70 cents an ounce to USS3B3. Around 1400 GMT, the dollar fell to 1.3855 marks against 1.3975 on Friday
        AFP  -  88 words
      • 267 23 Reuter SINGAPORE Simcx Euroyen and Eurodollar futures ended lower in light trade. Dealers said activity was thin due to a market holiday here. The Euroyen market was weaker following a sell-off in Japanese government bonds earlier in the day, said dealers. They said Euroyen was
        Reuter  -  267 words
      • 335 23 Reuter TOKYO Soaring Asian gold demand in calendar 1995, partly due to economic growth in the area, would be hard to sustain in 1996, Kerr Cruikshanks, chief executive, Far East, of the World Gold Council (WGC) said yesterday. "In 1996, it
        Reuter  -  335 words
      • 302 23 COMMODITY REPORTS Gold TOKYO: Yen-denominated gold futures settled weaker across the board after moving in narrow ranges, reflecting the yen's rise against the dollar. Gold futures ranged from three to 13 yen per gram lower with benchmark August finishing down 10 at 1,213. Activity
        302 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 134 23 LONDON A more flexible and market-oriented regulatory approach to trade-driven exchanges such as the London Metal Exchange is the main difference between the UK regime and regulation elsewhere in the world, said Christopher Sharpies, chairman of the Securities and Futures Authority. Mr.Sharpies said "comments" made earlier
          134 words
        • 85 23 LONDON Sentiment in Europe's grain market remains firm, bolstered by a bullish tone to the world outside, but the volume of trade remains low, traders said. Tne uncertainty caused by the likelihood of a tax on exports from the European Union is one reason
          85 words
        • 49 23 LONDON The London Metal Exchange has announced the delisting of two primary aluminium brands from Hungarian producer Hungalu Aluminium Industrial. 'Tatabanya/Hungalu and Tbalumeo/H ungal u' were delisted with immediate effect as there are no stocks of these brands on LME warrant," the exchange said.
          49 words
        • 112 23 JOHANNESBURG South Africa will start pumping 20,000 barrels of crude oil per day from boreholes oft the southern Cape coast from March next year, Mineral and Energy Affairs Minister Rodof "Pik" Botha said on Saturday. He made the announcement after the 275 million rand three-year
          112 words
        • 96 23 MOSCOW Russia is on course to produce 2.7 million tonnes Of primary aluminium in 1993, unchanged from 1994 levels, said Igor Prokopov, president of the aluminium joint stock company, according to Interfax News Agency. Russia has produced 2.06 million tonnes of aluminium since January, unchanged
          96 words
        • 66 23 MOSCOW Despite a small grain crop this year, Russia has met its needs for wheat, harvesting 32 million tonnes from 24 million hectares, Agriculture Minister Alexander Nazarchuk said at an international agricultural conference in Moscow, the Interfax News Agency reported. The gross grain harvest is expected
          66 words
        • 147 23 LONDON Saudi Arabia's state oil company Saudi Aramco has opted to delay two light erode expansion projects slated for 1996 as part of a cost-cutting exercise, but will persevere with a US$2.5 billion (553.6 billion) plan to develop the Shaybah field, the Middle East Economic
          147 words
      • 436 23 Porta Oct 20 Crviapakaafl MX/tonne Month North South Central E Coast Average Oct 95 1440.00 1449.50 1450.00 1449.00 No* 95 1446.50 1446.00 1446.50 Month North South Central E Coast Average Oct 95 797.50 >00 00 800.00 795.00 799.50 Nov 95 795.00 >00.50 >03 50 >00.00 Ncwii mhud USS/tonne
        436 words
      • 832 23 SIMEX Oct 23 flfftffffHIHB Open High Low Sett Est Vol Act/Voi Op/lnt Nov 95 94.10 94.10 94.09 94.09 105 299 ISO" Dec 95 94.20 94.20 94.18 94.19 2345 7878 ***** Jan 96 94.29 94.30 94.29 94.29 410 25 211 Closing range: Nov 95: 94.09. Dcc95: 94.19-94.18. Jan 96: 94.291 EMOYfN
        832 words
    • REGIONAL STOCK MARKETS
      • 911 24 -17.5 SHARES, influenced by profittaking and a heavy sell-off of futures, slipped yesterday. 'The market had the thirdweek October wobbles," an analyst said. "There was a lot of nervousness and absolutely appalling sentiment in the market. Investors were selling to protect profits.' The All Ordinaries Index finished 17.5 points
        911 words
      • 566 24 •16.19 Share prices dropped as rumours of poor third quarter corporate earnings and weak liquidity due to upcoming issues in the bourse hounded the market. 'The value is thin today, and there's not much positive news. Investors' interests are shifting to upcoming initial public offerings," said a trader. The
        566 words
      • 478 24 >37.46 Share prices closed higher on lower volume amid concerns over the results of the summit meeting between the presidents of the US and China today. "Investors are waiting to see if the summit meeting between Chinese President Jiang Zemin and US President Bill Clinton would hurt Taiwan's interest,"
        478 words
      • 483 24 -23.11 Stocks plunged, led by Sunkyong Co and Dong Bang, amid concern a slush fund scandal swirling around former president Roh Tae Woo could have a wide-reaching impact on the country's political and business circles, traders said. State prosecutors revealed yesterday that Mr Roh holds nearly US$6O million (SSBS
        483 words
      • 151 24 Oct 2$ NZ V«t ANZIirtiiit *.50 OM ***** if ii l Mil IIHM -001 I MOO Air New? I iIk 1( A) 40* -O.Ot 7223* i- -n 5.45 -9M imeo fcliwp I.M 0.01 nil) •rMqrln I.I* 0.02 *25**I5 rut 0.32 aacH 111*44 CawHob X*4 0M 1252)47 CMht JJS 0M 1*72*
        151 words
    • WORLD STOCK MARKETS
      • 622 24 •I*4 LATE rally in the futures market helped pare falls in Ere prices which were hit disillusionment over the t of takeover bids and Ctinued worries about the sign exchange market. A weaker Dow also had m impact but UK equity iplumcs were very low, a junction of recent
        622 words
      • 136 24 •lli French stocks fell for the sixth consecutive day, led lower by car, construction JDd exporter shares, amid concern about the US dollar and growth prospects in the French economy. Among the btggnt decliners in the car industry, which fell 3 per cent for the day, were Michelin, down
        136 words
      • 160 24 -63.07 Shares fdl as the dollar's weekend slump against the mark triggered fresh fears of a currency-driven squeeze on corporate earnings. "The only way is down for the dollar and for us," said one trader. He was speaking during the rout in export-driven shares which wiped nearly 3 per
        160 words
      • 140 24 -15.77 Bares were down amid Boeral weakness on other Bropean bourses, mainly Be to further falls m bond Bices and more dollar Bakness. V The Bd-20 Index was down 13.77 points at 1,404.23, with volume just over one billion francs. Chartists expect the market to test the key support
        140 words
      • 185 24 •MS Italian stocks tumbled again on concern that Prime Minister Lamberto Dini could be voted out of office this week. Traders said they don't expect prices to recover even if Mr Dini survives because hell have trouble getting the 1996 budget or any other difficult legislation through parliament. M
        185 words
      • 207 24 -5.68 Dutch stocks closed lower as the weak dollar raised concern over exporters' earnings and active trading in Royal PTT boosted the bourse's turnover. The EOE Index fdl 5.68 points to 449.17. Among the 25 stocks, 23 fell, one rose and one closed unchanged. About 23.8 million shares changed
        207 words
      • 238 24 -78.7 Stocks plunged with other European markets as a falling dollar raised concern about profits of exporting firms such as food maker Nestle and drug makers Ci-ba-Geigy and Sandoz. Watch maker SMH posted the biggest loss among exporter stocks, declining 4.4 per cent. Some financial shares also plummeted in
        238 words
      • 312 24 -3.1 South African shares ended mixed in quiet trade with golds stirred higher by a better metal price and industrials drifting down from last week's highs. Dealers said there were few fresh fundamentals giving direction to the market, although a marginally improved gold price had helped fuel demand for
        312 words
      • 201 24 -10L33 Canadian stocks plunged to a five-month low as concern grew that Quebec might secede from Canada, after recent polls showed voters there favouring secession just a week before a referendum on the matter. "There is an element of panic selling," said a dealer. "It is increasingly dawning on
        201 words
      • 606 24 -2840 Stocks extended their early losses in quiet trading early yesterday as sdl programs accelerated the markets decline fudled by weakness in bonds and the dollar. The Dow Jones Industrial Average, which slid 7.59 points on Friday, was down 28.90 o 4,765.96 at 11am EDT. The New York
        606 words
      • 573 24 SMritat CM* M Ottm M«C«Dmm 3M400 N.IJOO ii— 6m. aim) aim MnUnlacaw «0.»200 *0.M00 L S$ Cafe hoHtaM *****0 1(***** nitamM *5X00 h WOO faMrSsnSn 0.49*2 0 49M fmtmfmt *17*50 1*7)0 MaMbb ***** 2-2*40 UKGmMfcFuad *5.7*0 ****** MMIrAaEiHqrt *2 05)0 ***** M1M Ir Jhp laceoMT I.IOD HU) tawIM* 514*0 5
        573 words
    • Article, Illustration
      2416 25 AFX-Asia HONGKONG Share prices closed lower on continued weak sentiment, dealers said. The Hang Seng Index closed down 14.71 points to 9,880.53 on turnover of HKS2.9 billion. An analyst said: "I don't see any prospect of an improvement for the next few days. Investors are waiting to see whether
      AFX-Asia; Source: Bridge Info  -  2,416 words
    • Article, Illustration
      647 25 CLSA IN Hongkong, the H share index lost 7.6 points at 961.48 on turnover of HKS3.SIB million. The biggest loser, Yizheng Chemical, fell 2.2 per cent. Qingling Motors and Chengdu Cable were the biggest winners, both rising by 1.6 per cent. In Shanghai, turnover was a modest US$4.3 million
      CLSA  -  647 words
    • Article, Illustration
      2426 25 Bloomberg Business News TOKYO Stocks were little changed as Japan Airlines fell in response to a stronger yen while electronics and securities shares climbed on optimism about their earnings growth. The Nikkei Average fell 1.09 points to 18,156.24. The Nikkei 300 Index rose 0.08 to 271.40. The broader Topix
      Bloomberg Business News; Source: Bridge Info  -  2,426 words
    • Article, Illustration
      1102 25 Reuter JAKARTA Share prices ended the day lower in modest trading, with Timah remaining under heavy selling pressure. The Composite Index fell 1.48 points to 498.96. "Timah remained under selling pressure as local speculators were seen cutting losses as the share has fallen well below its initial offer price,"
      Reuter; Source: Bridge Info  -  1,102 words
  • Page 20 Advertisements
    • 38 20 y Bayerische Landesbank Bangkok Berlin Bonn Budapest Chemnitz Cologne Dresden DQsseldorf Erfurt Essen Frankfurt Hamburg Hong Kong Johannesburg Kuala Lumpur Leipzig London Luxembourg Milan New York Nuremberg Paris Pilsen Prague Shanghai Singapore Stuttgart Tokyo Toronto Vienna Warsaw Zurich
      38 words
    • 22 20 TOLL-FREE TEL. No. 1 FAX:74I -1298 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute.
      22 words
    • 232 20 NOTICE NOTICE IS HEREBY GIVEN that, I RIO JOANNA TARCEILA of Blk 468 #02-1508 Hougang Ave.B Singapore *****8, have applied (or a Public House First Class Licence in respect of M/s Megabyte PUB and Restaurant located at 441 Joo Chiat Road Singapore *****4, and that this application will be considered
      232 words
    • 281 20 THE COMP AMES ACT, CAP. 50 ABS CERAMIC PTE LTD (In UqukMion) NOTICE IS HEREBY GIVEN tost toe creditors of the abovenamed Company which is bang votuntofty wound up am required on or Mora the 27th day of November, 1996 to eend in Mr nanwi and Kttiaeii wNh partaiars of
      281 words

  • Page 21 Advertisements
    • 265 21 Fly Now Enjoy ANA's Super Promotion. ,*> selected restau^^^^^^H With ANA's Super Promotion, you'll now be pampered to a Spm» r Sniw Y Hifftf yj "-j host of exciting privileges in addition to the exceptional ggpg^ BMKZ ■T'V r h t f.'comfort and first-rate service you've come to expect from
      265 words

  • Page 22 Advertisements
    • 983 22 SinGAPORE AIRLinES LimiTED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airlines Limited wishes to make the following announcement1. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 1995 THE GROUP THE COMPANY THE GROUP Apr-Sep Apr-Bep Apr-Sep Apr-Sep Year 1996 1994 Change 1996 1994
      983 words

  • Page 23 Advertisements


  • Page 25 Advertisements
    • 32 25 MONT* BLANC THE ART OF WRITING The Bangkok stock market was closed yesterday for Chnlalongkorn Day. A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute.
      32 words

  • 468 26 Reuter ZURICH Global trading in the world's foreign exchange markets has jumped sharply in the last three years, according to a report by the Basle-based Bank for International Settlements (BIS). Surveys conducted by central banks around the world
    Reuter  -  468 words
  • 322 26 Reuter LONDON Hongkong Governor Chris Patten predicted yesterday that the territory would thrive under Chinese hile and may even become the world's richest city. In a speech to business executives in London, Mr Patten looked beyond the worries on human rights that cloud current
    Reuter  -  322 words
  • 383 26 Bloomberg Business News HOUSTON Three big United States oil companies yesterday reported higher third-quarter earnings, driven by surging profits at their chemical operations. Exxon Corp, Shell Oil Co and Mobil Corp also reported higher oil and gas production, which offset lower
    Bloomberg Business News  -  383 words
  • 305 26 Bloomberg Business News MUNICH Daimler-Benz AG's money-losing aerospace unit is recommending cutting 8,800 jobs and closing three factories in Germany as part of its reorganisation programme. Daimler-Benz Aerospace's (Dasa) management board approved the so-called "Dolores" programme on Friday and presented its recommendations
    Bloomberg Business News  -  305 words
  • 262 26 Reuter LONDON The British economy grew O.S per cent in the third quarter of 1995 soothing fears it was heading back into recession. Official figures published yesterday showed the increase was the 14th in succession, matching both the second quarter rise and
    Reuter  -  262 words
  • 247 26 Reuter CHARLOTTE, North Carolina In the latest sign of the merger fever sweeping the banking industry, NationsBank Corp and Bank America (BoA) Corp are reported to have held talks about merging to create the nation's largest bank. But both banks declined to comment
    Reuter  -  247 words
  • 880 26  -  The Bottom Line MAGGIE FORD MAGGIE FORD The writer is Jakarta-based journalist who contributes to BT EVENTS in the global financial system move fast. In the past week, an independent report from Singapore into the collapse of Baring Bank has sparked investigations into
    880 words
  • 173 26 Reuter AMSTERDAM Just before ING saved Barings from bankruptcy, the British merchant bank, unaware of impending disaster, haughtily spurned merger overtures from the Dutch firm and even considered turning the tables and buying ING itself. The irony is revealed in the ING staff
    Reuter  -  173 words
  • 200 26 AFP BONN The climate for cuts in the German repurchase rate has darkened in recent weeks, a member of the Bundesbank's board warned yesterday as financiers awaited what was expected to be an overcast assessment of the German economy.
    AFP  -  200 words
  • 363 26 AFP Bloomberg Business News TOKYO A Ministry of International Trade and Industry advisory panel yesterday forecast a 3.1 per cent rate of average annual growth in Japan's gross domestic product over the next five years. Japan's Economic Planning Agency has forecast
    AFP; Bloomberg Business News  -  363 words
  • Page 26 Advertisements

  • SHIPPING TIMES
    • 512 27 Reuter Knight-Ridder A DISASTROUS week, as most owners of larger types of dry cargo vessels closed with little evidence of relief in sight, shipbrokers said. Instead, the continued lack of volume of chartering enquiry from iron ore charterers, consequent surplus of Caper tonnage and absence of significant demand
      Reuter; Knight-Ridder  -  512 words
    • 155 27 Reuter MANILA International Transportation Services (ITS), a US-based port operator, is looking at bidding for the chance to manage the ports in the Subic Bay freeport. In a statement, Subic Bay Metropolitan Authority chairman Richard Gordon said he had met ITS executive vicepresident
      Reuter  -  155 words
    • 89 27 SINGAPORE The government of the Indian west coast state of Maharashtra will develop 14 ports with the help of private capital, including foreign capital, according to the state's chief minister Manohar Joshi. Speaking in Bombay recently, Mr Joshi said the government will set up
      89 words
    • 322 27 SES '000 Oct 20 S$ Vol CWT Distribution 1.52 +0.03 3 Chuan Hup Holdings 1.22 +0.03 170 Cosco Investment 1.84 unch 3 Far East Livingston 6.00 +0.03 35 Freight Links Express 0.725 +0.005 164 GB Holdings Ltd 0.975 +0.02 51 Hai Sun Hup Group 0.935 +0.005 120 Hitachi
      322 words
    • 530 27  -  From Alan Boyd in BANGKOK SI CHANG Thong Terminal, Thailand's deepest port, is scheduled to accept its first tankers later this month, ending a bitter stand-off with "green" activists over the development of an offshore basin. Built at a cost of 3
      530 words
    • 401 27 NST KUALA LUMPUR Malaysian Transport Minister Ling Liong Sik criticised local forwarding companies on Sunday for using Singapore port instead of the country's own Klang port for transhipment of goods bound for other parts of the world. Such actions would
      NST  -  401 words
    • 85 27 Bloomberg Business News TAIPEI Sincere Navigation Corp, a Taiwan bulk shipping company, said sales dropped 37.9 per cent in September from a year earlier. Sales fell to NTS7I.2 mil- lion (553.7 million) from NTS 114.7 million a year ago, the company said in a statement last
      Bloomberg Business News  -  85 words
    • 110 27 AFN SEOUL Five domestic shipbuilders have received combined orders of 3.22 million gross tonnes for 1996, representing 92 per cent of their yearly production capacity, the Export-Import Bank of Korea said. Hyundai Heavy Industries Co Ltd and Hanjin Heavy Industries Co
      AFN  -  110 words
    • 320 27  -  FIM David Hughes in LONDON THE London P&I Club and the Swedish Club, which provides both hull and P&I (protection and indemnity) cover, have intensified the battle against the International Group's proposal for a US$2O billion (5528.4 billion) limit on
      320 words
    • 246 27 SINGAPORE The Port of Singapore Authority (PSA) has signed a cooperation agreement to provide technical assistance to boost productivity at Indonesia's Tanjung Priok container terminal. The agreement was signed late last week in Jakarta between PSA director (operations) Ng Chee Keong and
      246 words
    • 212 27 MBT KUALA LUMPUR The government will award contracts for the building of new generation offshore patrol vessels to local and foreign parties after infrastructure at the Naval Dockyard has been upgraded, Defence Minister Syed Hamid Albar said. The Naval Dockyard is in the process
      MBT  -  212 words
    • 89 27 AFN TAIPEI Yang Ming Marine Transport Corp said it will set up routes to west coast US and north-western Europe from January next year under an agreement with Kawasaki Risen Kaisha Ltd. It said sailings to the US west coast will increase to four a week
      AFN  -  89 words
    • 1102 28  -  Big carriers United and American are US Air's potential mates. Adam Bryant reports on concerns at how fares would be affected and how this could trigger a further round of airline consolidation Adam Bryant NYT HE United States r airline industry is looking a lot
      NYT  -  1,102 words
    • 331 28 Page ACL II ANL 3 Able 7 Accord 10 Ahlers 6 Ahrenkiel 4 Appenship 4 Astro 10 Austral II Avant 6 BSA II Batamindo 7 B ung Mas 10 Bright Express 6 CCNI 4 CM A U •COSCO 7 •CSAV 3 Centenary 7
      331 words
    • 9786 34 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore fbllosvfcd by the ETA at the destination. The page number refers to the location of the schedule advertisement ETA ETA Mvwttsw Vessel Voytgt Pfl SIN 0«sta Kanra Mama
      9,786 words
    • SHIPS IN PORT
      • 517 39 V—«d Voy We Berth Arrival Papgtge "If—: M *n Hua 10 6/95 J6 alongside 23.10/060 BT) Makmur Jaya 4/95 J1 alongside 21.10/0804 {BjD Safma Jaya 2/95 J1 alongside 21.10/170( BT) Sejati 1/95 J1 alongside 21.10/080< Aufia Seraya AS/14/95 J21 alongside 21.10/200( Bharatendu 50H J12 alongside 21.10/19CX Buana
        517 words
      • 1640 39 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO i Rccord BooMng/Balanco Rails SNp Voy Wo Etb/Btr Ported From To From Ac* Jade 261B 26/2100 28 23/1700 24/0659 24/0900 4 24/1200 24/1459 24/1700 Acx Swan 193A 25/0300 1A 23/1500 23/1659 23/1900 3 24/0700 24/1159 24/1400 Ai Victory 0065A 26/0200
        1,640 words
      • 247 39 OCT 24 Efjrpt: Suez Day. OCT 25 Tahvaa: Retrocession Day. OCT 26 Aaotria: National Day. OCT 27 Aaatralia: State holiday in Tasmania, Hobart Show Day. OCT 28 Cyprw (Tentative) Greek national day. OCT 29 Tarkey: Republic Day. OCT 30 Iriafc RtpuUic: October Bank holiday. Veaezaeia: All Saints' Day.
        247 words
    • Air & Land Transport News
      • 373 40 Reuter TOKYO Japan will not approve Federal Express Corp's latest application for route extensions to China from Japan, a Japanese transport ministry official said yesterday. Despite the fact the firm's applications have been the subject of dispute before, he did not
        Reuter  -  373 words
      • 396 40 HONGKONG State-owned charter carrier China National Aviation Corp (CNAC) is likely to get approval to set up a Hongkong airline operation in early 1996, Hongkong Civil Aviation Department (CAD) director Peter Lok said. "It's likely early next
        396 words
      • 374 40 Reuter TOKYO Japan's car giants will turn the spotlight on pollution control and the booming market for recreational vehicles when they unveil new concepts and prototypes at this year's Tokyo Motor Show, the firms say. The 31st Tokyo Motor Show,
        Reuter  -  374 words
      • 259 40 Reuter LONDON Cargolux Airlines International's Europe, Middle East and Africa director, Pierre Wesner, yesterday strongly criticised the European Commission for its policy of clearing huge rescue plans in the airline industry. "This is all nonsense this is just taxpayers' money dripping away," he said.
        Reuter  -  259 words
      • 451 40 Reuter SCHIPHOL AIRPORT, Amsterdam He may look suspicious as he loiters in the transit hall of this airport, but 28-year-old Marie is an undercover Dutch military policeman. He is busy trying to prevent criminal gangs from preying on their latest victims vulnerable airline passengers.
        Reuter  -  451 words
      • 275 40 Reuter JAKARTA Indonesian Transport Minister Haryanto Danutirto has ordered the sacking of the head of Merpati Nusantara Airlines after the state-owned airline refused to lease locally-built aircraft, a local newspaper said. Media Indonesia newspaper yesterday said Mr Danutirto had ordered the
        Reuter  -  275 words
      • 203 40 AFP TOKYO Toyota Motor Corp yesterday reported it suffered a drop in domestic production and sales, as well as exports, last month while rival Nissan Motor Co Ltd announced gains in both output and sales. Toyota said domestic production shrank 16.2 per cent
        AFP  -  203 words
      • 65 40 Reuter SYDNEY Car rental company Hertz Corp, a unit of Ford Motor Co, said it has signed a new global partnership agreement with Qantas Airways Ltd, extending their two-year old relationship for at least another three years. Hertz said the two companies will cooperate on
        Reuter  -  65 words
      • 100 40 Bloomberg Business News HONGKONG Chromalloy Gas Turbine Corp, a subsidiary of Sequa Corp, will form a joint venture to repair aircraft engines in China, China Daily reported. The company is negotiating the financing terms with its Chinese partner Aircraft Maintenance Engineering Co (Amcco), a unit
        Bloomberg Business News  -  100 words
      • 116 40 Reuter TAIPEI US-based Bell Helicopter Textron said its joint- venture maintenance plant with Taiwan's Air Asia Co Ltd in the southern city of Tainan was scheduled to start operations yesterday, aiming at the booming Asian and Taiwan markets. The plant will also function as Bell's
        Reuter  -  116 words
      • 83 40 Bloomberg Business News TOKYO —Honda Motor Co yesterday denied a news report which said the Chinese government had approved a car production joint venture with Dongfeng Motor Corp. China's Xinhua news service reported Saturday that the Chinese government had officially authorised the project. A Honda
        Bloomberg Business News  -  83 words
      • 79 40 Bloomberg Business News CHICAGO United Airlines said it will increase seat capacity to Hawaii from the US mainland and Japan by 12 per cent. By July, United, Hawaii's largest air carrier, will add 8,969 inbound and outbound seats weekly by reconfiguring the cabins of
        Bloomberg Business News  -  79 words
      • 107 40 Reuter BERLIN Some jobs will go as Swiss-Swedish engineering giant ABB Asea and Germany's Daimler Benz merge their rail transportation activities, according to the head of the new joint venture. Danish-bom Kaare Vagner, 49, president and chief executive of ABB Daimler-Benz Transportation, said there
        Reuter  -  107 words
      • 1395 40 AIRCRAFT ARRIVALS DEPARTURES m p» Mi Ml 0A974 0010 jgg 2310 MNk QP081 1930 QRJ82 2055 8Q228 2120 hMa KL831 102S QA974 0020 0A897 1296 K1844 0110 SQ327 1530 KLB38 2336 SQ026 2366 M— SQ348 2250 MM NZ073 1545 9Q288 2045 SQ286 2040 HZ074 2340 B M kpn BM21 1106
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  • Page 27 Advertisements
    • 25 27 LAW PAGE Every Thui sclciy in Business Times USAir checking out partners: Page 2 Japan turns down Fed Ex's request for route extensions: Back Page
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    • 364 27 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 pis see Pa 3 for schedule BULLETIN BOARD) ETS Asia 96, the only marine equipment and accessories trade AM exhibition and conference in the Asia-Pacific, will start its IJkW'WKI maiden run at the Singapore International Convention and AllinpcnAßllH Exhibition Centre from March
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  • Page 28 Advertisements
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    • 217 28 LHIO9 ImJ HfTlCtl rCprNMIN DJf /fiflna Mimbin ot tho RMMvy of AccndM {fAll Shipping Agonta, fiogiporo National Shipping AioooMlon. y~*«s rOr aoverusmg erxjines, comacr dnppog rim W 740-2089 Vggß PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday KSnessEm^ I, Tpom RMtwg bo—yFar. W*
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  • Page 29 Advertisements
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    • 1338 29 HANJIN SHIPPING I. U>A ■~si IwIM I (N *n m IMSI MS Tin «c qi [~oi |~rvi ["~rrz pri [~m pm [W gj u/ii i«/ii ~if7?T" »/ii w/n ~wfi n/n n/u li/fi n/n I \i/\\ "n/n ~?T7il w/n ~w/ii Ha/ii IS/11 U/ll */11 17/11 W" 17/11 17/11 */ll H/11 17/11
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  • Page 30 Advertisements
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    • 1009 30 I NORASIAI VMMMM VOY |M MA LAS ML VAC NAM MM ROT ANT ML LNA 2 222" a 22! 22! 22! '22! 22! W1 1 mpmm w* N/11 tvn mi nwi Mfli 2*ll a/11 rttll a/11 nil j*ii a ml* MM ill »I 1 wi m Nn VI m mi
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    • 465 30 JAPAM/HOMQKOM<&/STRAfTS RSOULAft HftV)Cf LOADING FOR POUT KLAMQ/PENANG mm m ypOM f iumw m ira wHrrtHAcm) n «w noo IWWK« i moct a OCT JUWOW J MOCT >1 OCT WWW MMJM MOCT 01W tatmm um» i moct rtm JtmffZ ■muw u www www hawmh w www ww alamteouh ww www >7ww_
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  • Page 31 Advertisements
    • 898 31 STRAITS SHIPPING PTE LTD I am It Km ChlM« Haai #11-01 Kappaf Tnrara Slawm 0208 Tat: *****00 Fax: *****17 Hgw titftHßft ptrnc tlMiEj mmmm ijfl up (A SERVICE Of O&IA NAVIGATION CO) WWMOTI-a VWllf 8M 280* UHMMIMMiIMI PCULCL ILI IU HUTU tf mm" 'i fTMfTSMK vmix 81«n mnw Mm!mmnaataMtmmm. rmmma
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    • 1660 31 iNMk P&O (Singapore Agencies) Pte Ltd r. Hoe CWm, B Ro,ld (W7 l K^PP® l Tower*, Siagapore 0208 First Class Connections WORLDWIDE Tefc 225 2213 THeKRs ***** fnocsp. fu: 225 5327/222 7517 CR Number *****9 *****Z FYDART lijmßT KWWT IWORT laubtmaersk Sl2 alio 2*lo Sio >U T !*n is/fi ?*m
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    • 412 31 bwoimmbmi IWario a/g itart TUrT ~SnT "wii Igg I ovn lovii I mtT~| mbkm?iibbS TO ntfni SOT HW uni "W 1 iyii I oyii It/ii I oyn I MB MM 222*010 WtiW aw a-MMO 02/11 Mfll 04/11 OFII 11/11 11/11 ~iyil I I 11/11 I BM MM 212 MOB 21/11
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  • Page 32 Advertisements
    • 1130 32 ran m Ml NN w IM iw nr Ml mi nn m mp E. RENOWN RW-811 2MI 17/11 11/11 IMI <1/11 22/11 E. GATHER RE-MI 2/11 l/ 1« 4/11 Ml 1/11 31/11 1/11 E. RACER RW-M7 4/11 24/11 2VII 2MI 2MI 21/11 E SMNO NE-K4 VIO 11/11 12/11 IMI 1/11
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    • 630 32 I PB»AMOUIF SERVICE 1 "0* M 3C 555 UH IfWT M nan wtmiw m/ii mi mi tin: mi 2522! 52] IMI IVII Wll wi mi mi 52"52 52 1 am n/11 zzni mi mi «mm> B7niw mi *ni n/ii mm wu wa unt aMmw «R<LHMiiw«t. —MT(inQ<mo». BWUMpwuMimw mum m tmrnm
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    • 528 32 '^^^■SSnELOMUMNKASSSS^STrriuI^^ UTEL *****33 (12 UNO) FAX: *****18/22*3303 TELEX: RE ***** HHMP P Unaa| CR NO: **********0E 11 rx i ACCEPTING FCL AND CONVENTIONAL rnT Inn ,«ar Nfnt 07/12 Abyoi 42W8 OOffil mrwm Efe RKN HUNB WE FULLY CONTAINERISED REGULAR LINER aivrt ACCEFTING BOTH FCL/LCL ALSO BOrfSOC ttHjTto, k»*iU p*u ®a
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  • Page 33 Advertisements
    • 1633 33 ACCEPTM CAM w V AMIA, ODESSA AM COMTANIZAVIA »Ttm "www'i <«•*»/ 4fM m ta—ni): tMtm untsu*n t *t—*rOit COSTAR SHIPPING PTE LTD r c-M-r muti/tu cmmwih-U <NMH o~„tin JMTM IMm Mr fi7-tt MkIMMMV ciommui 4ttust am- umjm c*».:unmmmM SZun'S f JSnf"' tn,7 t 4 J wriiii,,, JOHonofFici Fumuii «*OOMIM-I COSTA*
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    • 670 33 HEUNG-A SHIPPING (KOREAN FLAG) II MSO ACCEPTING CARGO TO INCNON DIRECT EXPRESS SVC SHANGHAI, DALIAN, lm '™£T k M/V CY EXPRfSS V.N1556 M/VCYSUNVNPS4O ETA SIN 1/11/9S ITASIN M/V CARMEN CARINA V.555N M/V GLOftlA I V.541N HA SIN R/l 1/93 ITASIN 2/11/93 sfotc Afiorrv a*9A aobhv HEUNG-A (S'PORI) PTE LTD STRAITS
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    • 595 33 jg FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 gy HOTUNE: *****33 (30 UNES) BARCELONA/SPAIN 27/10 LEHAVRE/FRANCE 30/10 MARSEILLE/FRANCE 31/10 HAMBIIRA 27/10 GENOA/ITALY 20/10 ANTWERP/BELGIUM 27/10 GOTHENBURG/SCAN 29/10 ROTTERDAM 27/10 AARHUS/COPENHAGEN 29/10 FEUXSTOWE/UK 30/10 LOS ANGELES/WC/IPI 28/10 SYDNEY/MELBOURNE 2S/10 NEW YORK/EC 28/10 FREMAWTLE/ADELAIDE 25/10 VANCOUVER 27/10 BRISBANE 30/10 TORONTO/MONTREAL
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  • Page 36 Advertisements
    • 1125 36 H < vasa vov sin jkt vtsiti. wot sm pg* Tvov SM not WAWA SHUM 2973 Wd [28/10 ~Bt 1 28/10 OUWU BHUM »1M Turn MPt" Thu 38/10 K =7 Sp QOOO EASY* 198 Frt 27/10 Tu« Ivio" VIRA BHUM 8601 Thu at/10 St 3*lo >: RATWABHU> Z*N 1M InPt
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    • 944 36 79 ANSON ROAD, #21-01, SINQAPORI 0207 CR ISSS7O2OOOON rrmrra bmuttui wwvici PORT KLANO PENANQ vtMa w I m m vE»a wr i «b pa StALAUREI 42m 26/10 THU 27/10 FRI DRAGON WAS 62* 29H0SUN 31/10TUE 225 THU 2*lo SAT SUSAK ***** 3MOMOW (MIKED ***** 27/10 PR» 29/10 SUH LHOTSE 5065
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  • Page 37 Advertisements
    • 620 37 I ymm MYANMA VBBk FIVE STAR UNE I \T Vkymmm Nofloool Um) w lo«4*f for YoofM flhy) rosa vot sm pm p« pw OTOBUYWA I SOW SIB <U0 JW MPT I— «um Monv: OOHSIUB SUTTON MOKKS ML TR 0143-*****00 NL TE 0243-*****01 rm ik oroo-ioiiooi rm m 0247-*****21/4 I BANK
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    • 948 37 ADVANCE CONTAINER LINES (PTE) LTD A 140 Oacl Stmt, #12-00, PIL BuMtOng, Stngapof* 0100 _MvL: TEL: *****21, FAX: *****19, TELEX: R*****0 ACLPL CM NO. 10C*****000E KAMMKOK MIASM Wf I mXW I I*°* m mem MSIg lan WMI 15 M Ami—Mi. wmwt mtt W/W w 01/11 oa/n h, ■WO—W MIBM I
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    • 737 37 CW NO: *****M000CZ [WOSTIO W m ISH4MM HAMBURG THAMB2K)WT WOTTEWOMH ANlWutf musd'aous* aiiw mno wii wii 17/11 I*ll aanu*~ vsleosopiha Him SVW 21/11 2*ll 24/11 2*ll 27/11#; VSL£OCLY*A YIIW 07/11 20/11 20/11 01/12 OVI2 04ft* j* wusosmA yiiw W M/ 12 o*il iii ALtO ACCEPTING CARGO TO ALL U K.
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  • Page 38 Advertisements
    • 483 38 SINO ixmn SHIPPINO |PTI| LTD. MM I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE 0104. T TIL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) SIN/HKQ/SHAI STORE HKQ BHAI VE3BEL VOY ETA ETP ETA ETP ETA ETP AfftSTEF 9521/9522 Eflfl 221fi 02A11 03/11 o*ll 06/11 CHANQYWQ
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    • 365 38 StSfcmaMoT EEnioo*WWP Summmon!Sao >.WUMWiWMT7 J*CT:gl)aWlO7 WDN:(tI)>MM> HwDUWapaOOWW I ASIA HKG/TWN/BKKI GENOA/EUROPE I Z Si, Sh, SHISiSII vwmmin+M. v» S™ Zo 1 nvn nfi/il 28/10 29/10 3CVIO I 05/11 ®n1 w/11 HKBwMttEmlW 26/10 27/10 28/10 09/11 1(V11 11/11 HK&SKK/KEE/KHH Hnwt 26/10 27/10 28/10 iPMMVMKU 1 I 01/11 02/11 03/11 SHANGHAI/DALIAN ItWM
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    • 128 38 i I rf 3 DRAFT-CARGO WAYS I IP (S) PTE LTD C. ICO MM* KAflSoi\_ ICDDteki CMfIfTTArC/ /onTAOOMG to/ cochnv j"**" T- 5M> CALL 222 9090 (12 LINES) MARKETING: 222 6835 NVOCC CONSOLIDATION Id SERVICES Our Customer 1 Satisfaction it Our Reputation GEMARTRANS m** —Bh —fifo MM MB MB Sl/M
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    • 180 38 £ii MFL SHIPPING (INTLJ SSSs PTE LTD r: SUBSIDIARY OF HAI SUN HUP GROUP FCtVLCL CONSOLIDATION SERVIOES 1 HOT LINES; *****43/345 f ACCEFTMG CARGOES TO BKOff MSi POETS/SYMKY/NELSOMMI Korra* K1 TO WA PORTS AND atoss-ooRtB saviq TO MEXICO AM CAMAM VBStt VOY ETA (SIN) IBXOB VOI4S M/ 10 iH# VKSa
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  • Page 39 Advertisements
    • 168 39 VESSEL VOY SIN JKT SRMTOOA JAVA 344S 30/10 OS/11 MMAMQ JAVA DRY DOCKMO M JKT MRAYA JAVA IMM S7/10 30/10 ALL WW MMTN AT "W1" M JAKARTA ALSO AOCRPT CAROORt TO UTC JAKARTA PT. OCNTOOA OCCAM UNI TMj *****04 HUH *****19 gmmKAFAL KRIS SUppbgPtt Ltd 701DUXTON ROAD, yTOtn>B9s29 lafc *****7*
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    • 92 39 EXPRESS (S) PTE LTD /X TWICE Ln WEEKLYCONSOLTO C MUARA X/ WE ALSO SPECIALISE IN PROJECT CARGOES TO MUARA PLEASE CALL: 276 7996 NIPPON EXPRESS (WorMwtdo Consolidation Systowl RXH) WEEKLY DEMRTURE ARRIVAL TO; Arrow U.SJL wrxwwmwm ihmmh wmmni/smm ■HAH&iSiSfIB- ra low hack Evenr imkmt EUCMCMO MR TIIESMY Arrow Europe (17
      92 words
  • Page 39 Miscellaneous
    • 107 39 j REGIONAL WEATHER > UGENfr R Thunderstorm Tempwxrtvre *q y Show*r Weelher Wind drection wrth tp««d in knot* ••Rain Cloudy Sky Wov Swfce, wk* or* m*c«t*4 by arrows .kick wHti tk* «M On* hJ circi* r«prw«nts catm or Ight and variabi* winds On* hatf ftoch* r*pr*s*nts 5 knot* Z. On*
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