The Business Times, 9 November 1995

Microfilm: NL20492
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 194/12/94 85« SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, NOVEMBER 9,1995
    13 words
  • Article
    MARKET SUMMARY
    73 1 aim VMM (+11.88) M STOMP U M67«50 (+1.20) mm IT-MGA |J 170J7 (-1.53) Q MAMET MOOD: 9T0CK HA1ZETIHDICES tftdamitaj Cku& KLSECOMpZZ m«IZI-S.l« NIKKEI 17,883.29 -157.98 HANG SENG 9JM.* -MM SET INDEX 1*8.75 -18.4$ JAKARTA COHP—487.46 144 MANILA COMP *,484 94 +15.97 TAIPEI WP! 4,773.7# -51.49 SEOUL COUP J88l87
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  • Article
    FINANCE
    69 1 EZCHJJQE BATES U8t SI US* 1.414 X 1.581 im DM .9.708. .MM ¥W0. 07a.. 1J78 MS .MM 0.667 BAJIT 0.049. 0.0M RUP1AH OjN4. .0.002 run: bates SINGAPORE* 144 KUALA LUMPUR. 7.K JAKARTA, 17.S0 BANGKOK 13.50 MANILA 11.68 HONGKONO 9.66 TAIPEI 8.60 SYDNEY 10.75 TOKYO 180 SEOUL 12.00 ZURICH" 4.825
    69 words
  • Article, Illustration
    Lock icon CSM's wafer investment to double to $10b
    522 1  -  With two fobs running and two on the boards, the govt-backed firm wants two more by year 2000 By] David Mok [SINGAPORE] Governmentbacked Chartered Semiconductor Manufacturing, which has already committed $5 billion in four wafer fabrication plants here, looks set to double that
    CHRIS LOH  -  522 words
  • Article, Illustration
    UOB and Indon firm battle over logo
    414 1  -  By' Yang Razali Kassim [SINGAPORE] Singapore's United Overseas Bank and a little-known Indonesian company are fighting a 20 billion rupiah (Ssl2 million) court battle in Jakarta to decide who has the right to use the familiar UOB logo. Legal sources say the dispute
    414 words
  • Article
    Pribadi ties up 2nd tranche of Amcol deal
    264 1  -  By Ven Sreenivasan [SINGAPORE] Indonesian businessman Henry Pribadi finally completed the purchase of his second tranche of 5 million Amcol Holdings shares yesterday from the company's former boss, Kang Hwi Wah after a two-week delay. With the transaction, done through Vickers Ballas
    264 words
  • Article, Illustration
    Tokyo may soon repeal ban on holding companies
    341 1  -  From, Anthony Rowley in Tokyo THE Japanese authorities are close to granting conditional approval for the creation of holding companies, which have been prohibited in Japan for nearly 50 years, the Japanese daily newspaper Asahi Shimbun reported yesterday. The paper said that
    341 words
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      182 1 DESZDB OotmPqwdhra-t running After keeping 'em guessing for months, the former chairman of the joint chiefs of staff says he's not seeking the Republican nomination, Pgll Take your pick of the first few large coodos in Upper Bukit Timah that are slowly taking shape after the government's announcement that it
      182 words
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      9 1 Tussle highlights problem foreign firms may face, Pg 6
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      49 1 I Alfred Dunhill 1 1 I! Dress Pen 1/ntpat c&sfwctu* Qdiw/i//l (/rs/ysi finest c/iamoac/ cat asu/ /acyuerfuiis/ies (in/A isu/undua/ serta//uunAtrs. c//b Jbe/i untA f&ct niA, Jbcnci/, 6a/fooint, "convert/A/e ro//rr//a// or is**t t/hmA*//at C7%e ifarayon. \p** isvi 6/vy, ioyo {/igfflrA 6//y <vr</ jftanp Court G/assics to treasure since /s?<.9. AOMH7
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      Page 1 Advertisements Column 4
      8 1 Japanese beakn bite the bullet: Editorial, Pg 12
      8 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Contractors must upgrade to fight foreign rivals: Hng Kiang
      353 2  -  Sab-contractors also play key role in keeping local industry competitive, says minister By\ Siow Li Sen LOCAL contractors have to upgrade if they are not to be nudged aside by more competitive rivals, warned Minister for National Development Lim Hng Kiang
      CHRIS LOH  -  353 words
    • Article
      Thai hospital taps Asian dollar market for US$55m
      257 2 Interest of 3-year lMuiset&tl%pa above Sibor LISTED Thai hospital company Samitivej has tapped US$55 million (5577.6 million) from the Singapore-based Asian dollar market. The three-year syndicated loan, bearing interest of one per cent per annum above the Singapore Interbank Offered Rate, was
      257 words
    • Article, Illustration
      Lock icon Visitor growth sluggish in August
      283 2  -  EYE OMTHE ECOMOMY TOURISM By< Agnes Wee VISITOR arrivals rose 3.6 per cent year on year to 688,484 in August, but on a sectoral basis, arrivals from Asean and the US declined. The Singapore Tourist Promotion Board, in its August statistical report, attributed the relatively
      Source: STPB; FRANCIS  -  283 words
    • Article, Illustration
      Lock icon HSBC Asset Management's S'pore funds jump 5-fold
      305 2  -  By Shiv Taneja HSBC Asset Management has boosted the amount of money it manages out of Singapore five-fold in the eight months since it set up shop here. It now manages US$l billion (5)1.41 billion) locally up from just US$2l2 million when it
      ARTHUR LEE  -  305 words
    • Article, Illustration
      Lock icon Depot Road estate third to be redeveloped en bloc
      565 4  -  Void deck shops, market and hawker centre stalls included for first time; point blocks to be upgraded Reportshy Michelle Low A DEPOT Road estate will be the third Housing and Development Board precinct to benefit from the government's Selective Enbloc Redevelopment
      ARTHUR LEE  -  565 words
    • Article
      Govt's payout for moving is fair: minister
      289 4 THE government's compensation programme under its Selective Enbloc Redevelopment Scheme (SERS) is fairly pegged at market values, National Development Minister Lim Hng Kiang said yesterday. And plans are underway to bring part of the compensation upfront to ease residents' cashflow problems. Mr Lim
      289 words
    • Article, Illustration
      Lock icon Some Home Pride Asia exhibitors want refunds
      556 4  -  Poor visitor turnout disappoints exhibitors Ryi Corinne Kerk SOME exhibitors at the HomePride Asia '95 are demanding refunds from organiser Interfama Fairs and Exhibitions and threatening to quit the show due to poor visitor turnout. The exhibition, located in Hall 2, World Trade
      CHRIS LOH  -  556 words
    • Article
      Out today: 1st unit trust in Brunei
      282 4  -  By\ Soh Tiang Keng THE Islamic Bank of Brunei and Nikko Capital Management (Singapore) will launch the first unit trust in Brunei today. Called the 188 Nikko Fund, the Brunei dollar-denomi-nated unit trust will invest primarily in Islam-approved stocks in Singapore, Malaysia and
      282 words
    • NEWS Roundup
      • Article
        Lock icon PM Goh heads for CHOGM
        82 4 The Straits Times THE Prime Minister will attend the Commonwealth Heads of Government Meeting (CHOGM) in Auckland, New Zealand, from tomorrow to Monday. Mr Goh Chok Tong will be accompanied by Law and Foreign Affairs Minister S Jayakumar, Acting Minister for the Environment and Senior
        The Straits Times  -  82 words
      • Article
        Lock icon S'pore flight schedules on Internet
        72 4 The Straits Times INTERNET users can monitor Singapore flight schedules from today through a service provided by Singapore Press Holdings (SPH). Provided through Asia One, which is SPH's World Wide Web home page on the Internet, the new service allows Internet users to view flight
        The Straits Times  -  72 words
      • Article
        Lock icon India's power sector generates interest
        72 4 The Straits Times SEVERAL Singapore businesses, including listed companies, have shown "serious interest" in investing in India's power sector, India's Minister of Power N K P Salve, said at the end of his three-day visit here. For example, Sembawang Corporation was keen on barge-mounted power
        The Straits Times  -  72 words
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      210 2 SUSPEND TRADING AND TAKE STOCK. Say bye bye instead of buy, buy for a change. You may find that a short break actually proves to be a long term investment. Cairns Hong Kong 5D Cairns EZ Pack From $799 3D Hong Kong Breakaway From $818 Fax ID 3008 Fax ID
      210 words
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      Page 2 Advertisements Column 2
      273 2 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
      273 words
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      Page 2 Advertisements Column 3
      55 2 AT THE ORCHAtMMU, OacmfPKQAD. SINGAPORE. Admission and their professional programme of free 40 place simultan«||||p^j OPEN: 12 T^pisto! Supported by consuitants V_/ v mm V Mod*l I rfs|j2 :^^^msggM Numbers. Mensa More... Check it out on Internet -> |1| http ://www.asia 1 .com.sg/. Or to receive a fax, |||b can
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  • Page 3 Advertisements
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      35 3 I j^jTAGHeuer K^^flfiMf l 'Jp :t iSii 'i2| SUCCESS. IT'S A >dh. MiN D s GAME. (i. "#1 \>\&mi V f"" 6000 18K Gold Series. Officially certified automatic chronometer movement. Water resistant to 200 meters.
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  • Page 4 Advertisements
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      366 4 ■Bp Arthur Andersen Associates Pte Ltd SEMINAR ON EXPANDING OVERSEAS: CHINA, INDIA, INDONESIA, MALAYSIA, THAILAND, VIETNAM In order to expand their businesses and to survive in an increasingly competitive environment, Singapore companies are taking bold steps and making inroads into newly developing countries. But how does a Singapore investor manage
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  • FOCUS: PROPERTY
    • Article
      House Hunt
      711 5 -V 1 M 1 1 1 Property transactions in Districts 11A 22 from mid-September Project name/ Prop Contract Tenure Price Floor Sweet name type date Unit psf area (InSSDOO) (in S$) flMj jjEMH Dunearn Close 1-Det 20-S«p FH 6600 391 ***** Hariyn Road 2-Dei 7-Sep FH 9600 575
      711 words
    • Article, Illustration
      Condos in place of factories
      811 5  -  Upper Bukit Timah's first large condo projects are taking shape and the prices are seen to hold By\ Michelle Low [SINGAPORE] UPPER Bukit Timah's first few large condominium projects are slowly taking shape, two years after the government's announcement that it will turn the industrial
      811 words
    • Article, Illustration
      Lock icon Large Tagore site hits market
      260 5  -  Freehold industrial site offer expected to draw strong demand By, Abdul Hadhi [SINGAPORE] A 111,822 sq ft warehouse development site became the largest freehold industrial property to come on to the market this year when it was put up for sale by tender yesterday. Property
      FRANCIS  -  260 words
  • Page 5 Advertisements
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      70 5 I PPHH^QP Rpr Pantech 21 Computer Centre jA "J ->», Easy access by West Coast Highway, Efficient layout with raised access floor system rg -->■», AYE, PIE, and the MRT system Centrally monitored building automation ~"?jl mm SMm* Area per unit/per floor 5000/20,400 sq ft Ample carparking 3 &wSm Tfi-J
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      Page 5 Advertisements Column 2
      65 5 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute. You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily
      65 words
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      Page 5 Advertisements Column 3
      171 5 Tke rare perfection of PaleL: Philippe al Tke H our G1 ass C Loosing a timepiece ■4 JHf all akoul ike exquisite JL> uld lie a relaxed and feature* tkat lialltnarlt comfortable affa k PaleL Philippe in you re our co lleclion. Aft er rare all, we see ourselves as
      171 words
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  • FOCUS: LAW
    • Article
      Distinctively S'porean
      515 6  -  AT THE BAR Legal system showing signs of being ready and able to shape Its own destiny: CJ By Diana Oon HAS Singapore's legal system taken on its own distinctive character? Yes, in the view of the speakers at last Saturday's conference on Judicial and Legal Reforms in
      515 words
    • Article
      Copyrights and wrongs
      950 6  -  UOB's legal tangle with an Indonesian company highlights a problem foreign investors may face By Yang Razali Kassim The dispute between Singapore's United Overseas Bank (UOB) and an Indonesian company over copyright should be watched closely by foreign investors. It will be of special interest to Singapore
      950 words
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      214 6 IPP*- i > jKra^-i v tjvv\j' v S BRUNO MAGLI 4 f£ /fr j v >■' £ifi Tf'<" I a^Fw J^ll BOUTIQUES CENTREPOINT «01-30 TEL 737 4509 PARAGON BY SOGO »01-19 TEL 734 9935 CORNERS TAKASHIMAYA S C METRO PARAGON METRO MARINA C K TANG KUALA LUMPUR UNIT PBA LOT
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      Page 6 Advertisements Column 2
      151 6 I Prime Freehold Property Investments I CATHEDRAL SQUARE CHRISTCHURCH I HfW Apartment Hotel Studios and 1 bedrooms with I I «il|l *|111 full kitchen facilities 1 fci Sfi- NZ 137,000 plus fumiture and carpark Minimum Optional opportunity to have your ■89 P* ne j apartment professionally managed by lQ pa.
      151 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon Call to cut red taps in expat hiring
        91 7 Bernama [KUALA LUMPUR] The government must establish a recruit foreign experts with a minimum ofburoaucrattc ftiss to hefe overcome the country's acute shortage of •killed manpower. Ramon Navaratnam, corporate adviser to Sungei Way Group, yesterday said a simplified procedure was needed to
        Bernama  -  91 words
      • Article
        Lock icon Sabah growth likely to hit 8%
        98 7 Bernama [KOTAKINABALUISabah's economy is expected to reach a 7.9 per cent growth this year, a marked increase of 2.4 percentage points compared to last year's 5.5 per cent The Sabah Development Bank l»4 annual report, reHassd yesterday, said the buoy ant growth rate was
        Bernama  -  98 words
      • Article
        Lock icon determinated to launch party
        66 7 Reuter [PHNOM PENH] Cambodia's former finance minister and the government's moeioutspoken critic Sam Rainsy yesterday said he was determined tolaunch his political perty despite government attempts to block him on legal grounds and vague threats against him. Mr Rainsy had planed a high-profile launch of his
        Reuter  -  66 words
      • Article
        Lock icon Phillippines still on tracks
        57 7 AFP [MANILA] The government yesterday said the Philippines remained on track to poet economic growth ofbcrtween and 6.5 per cent despite heevy typhoon damage and double-digit inflation caused by a rkeaisis. "We're still on track, especially since export growth remains vigorous, said Finance Secretary Roberto deOcampo.—
        AFP  -  57 words
    • Article
      Lock icon Opic to be urged to review insurance decision
      243 7 JAKARTA AFP THE Indonesian government will ask the US Overseas Private Investment Corporation (Opic) to review its decision to cancel insurance for the gold mining operation of an Indonesian subsidiary of Freeport McMoran. Arifin Siregar, Indonesian's envoy to Washington, was quoted by
      AFP  -  243 words
    • Article, Illustration
      Lock icon Thai commercial banks losing out to finance firms
      521 7  -  BANGKOK Bankers urge authorities to relax strict limits en lending activities By. Alan Boyd COMMERCIAL banks on Tuesday petitioned the Bank of Thailand to relax its strict limits on lending activities, following the release of data pointing to a loss of market
      FRANCIS  -  521 words
    • Article
      Lock icon Apec liberalisation: Jakarta against exemptions
      116 7 JAKARTA Bernama INDONESIA is against the exemption of certain sectors from the trade and investment liberalisation agenda under the Asia Pacific Economic Cooperation (Apec) Forum's Bogor Declaration, an adviser to President Suharto said. "If several countries want to exempt certain sectors from the agenda, others
      Bernama  -  116 words
    • Article
      Lock icon New deregulation package to be out in January
      399 7 JAKARTA boost exports and encourage use of domestic products Reuter INDONESIA plans to unveil a fresh deregulation package, possibly in January, to boost exports and to encourage use of domestic products in the world's fourth most populous nation, a senior minister said
      Reuter  -  399 words
  • Page 7 Advertisements
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      87 7 r^3PJP pr— ~—l 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, fefo the gentle breathing
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  • Page 8 Advertisements
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      295 8 The Lifestyle Living Space that Lives sunns TTMI RM1.14 mIHor. (My giilinnii ttat ohl I in apartmant *»aak s«fi wtft Matai kooMt availaWt. WAfmul OT lIVRM UntWTOOI. IM uiiHinplitin i Mm af awter ia t IMt Araa Pries par Priaa landscaped poei. A lifestyle in Ma. ef(RM) (Ml) imvimmim frriag
      295 words
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  • CHINA – HONGKONG – TAIWAN
    • Article, Illustration
      WTO:Is the US ready to deal with Beijing?
      646 9  -  CHZMA WATCH Stonewalling the Chinese could prove shortsighted and costly By Lu Ning The writer is BT's correspondent specialising in China. UNITED STATES* Deputy Trade Representative Charlene Barshefsky arrived in Beijing yesterday to start a new round of trade talks. Although Beijing's
      646 words
    • Article
      Lock icon Patten, business, labour bosses hold jobless talks
      255 9 HONGKONG Economists say 3-5% unemployment is acceptable, the issue is political Bloomberg Business News HONGKONG Governor Chris Patten will meet with more than 100 business and labour leaders today to figure out how to reduce an unemployment rate many of the world's richest
      Bloomberg Business News  -  255 words
    • Article
      Lock icon More bank reserve requirement cuts to come?
      196 9 TAIPEI Reuter ANALYSTS in Taiwan praised the central bank's decision on Tuesday to cut bank reserve requirements and predicted more reductions soon, but they warned that a looser monetary policy would not dure the economy's ills. "The cut, although quite small, should boost
      Reuter  -  196 words
    • Article
      Lock icon SCMP urged to be positive in its China coverage
      81 9 BEIJING AFP SENIOR Chinese leaders yesterday called on Hongkong's leading English-language newspaper, the South China Morning Post, to adopt a "positive" approach in its China coverage, the official Xinhua news agency reported. Foreign Minister Qian Qichen and Communist Party propaganda chief
      AFP  -  81 words
    • SINO Brief
      • Article
        Lock icon China's urban wages up 25% on average
        73 9 Reuter [BEIJING] Wages of China's urban workers soared an average of 2&2 per cent In the first nine months 0f1995 to 3,502 yuan (SSSO2) compared with the same 1994 period, the Economic Information Daily said. Wages of workers in cities and towns in
        Reuter  -  73 words
      • Article
        Lock icon Inflation down in major Chinese cities
        67 9 Bloomberg Business News [BEIJING] The consumer price inflation rate fell in most major Chinese cities in October, with 11 of 35 cities surveyed reporting annual rates below 10 per cent, according to the State Statistics Bureau. Of 35 cities surveyed, 26 reported a lower
        Bloomberg Business News  -  67 words
      • Article
        Lock icon Taiwan package for property market
        58 9 Bloomberg Business News (TAIPEI] The cabinet has approved a NT9BO billion (594.1 billion) rescue package that will help the property market the Economic Daily News reported. The plan by Taiwan's central bank allocates NT$5O billion for low interest loans to first-time home buyers and NT$3O
        Bloomberg Business News  -  58 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      209 9 B H A A B flB H ■BV Supports up to 12 AB operating system plus 4nc9 o*jQid!i3* The new means the the office help users problems, because features the HPs Jet Admin printer j r i Your will be made feb m Op B§ EJJ iIB i simple network
      209 words
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  • ASIA
    • Article, Illustration
      Lock icon Corporate bigwigs quizzed
      476 10 SEOUL Prosecutors seek to find out nature of slush fund payments Reuter STATE prosecutors probing links between former president Roh Tae Woo's US$654 million (***** million) slush fUnd and South Korea's big businesses yesterday began grilling the chairmen of three top business conglomerates. The heads of Samsung,
      Reuter; AFP  -  476 words
    • Article
      Lock icon Japan's current account surplus fails
      157 10 TOKYO Reuter JAPAN'S massive surplus in its current account the broadest measure of trade in goods and services fell to US$5B.3 billion (5582.2 billion) in the half year to Sep 30, from a revised surplus of U5562.96 billion a year earlier. The Finance Ministry yesterday
      Reuter  -  157 words
    • Article
      Canberra states position on Apec tariffs after 2000
      339 10  -  SYDNEY It's iMtkiig far nothing* Autnlii will only mtve if others are moving By] Florence Cheong AUSTRALIA has warned that it is not prepared to continue to reduce its tariff levels after 2000 unless others are doing the same. Commenting on Australia's
      339 words
    • Article
      Lock icon Investors indifferent to auction of top-drawer govt firms
      372 10 BOMBAY India's hepessf mining «bwt 20b rupees leek bleak if foreigners stay away AFP FOREIGN institutional investors in India have cold-shoul-dered an auction of shares of state-owned firms that ended late last month, despite the glittering companies put on the block. A
      AFP  -  372 words
    • ASIA Notes
      • Article
        Lock icon Dec 10 decision for Euron project
        83 10 AFP (BOMBAY] The government of Maharashtra state said yesterday it would decide on the fete of the fftnenUS|2.B billion (553.9 billion) power project of Enron Corporation 4 before Dec 10. Chief minlater Manohar Joehi said i re-negotiation with the Houston-based firm was on and
        AFP  -  83 words
      • Article
        Lock icon Taiwan group seeks Tasmanian venture
        99 10 Reuter [CANBERRA] Taiwan Pulp and Paper Corp has decided to proceed with a foil feasibility study into the building of an A|l.3 billion (3f 1.27 billion) bleached eucaiypt pulp mill in 1 Tasmania. "The project will involve a capital investment in excess of Afl.2 billion,
        Reuter  -  99 words
      • Article
        Lock icon NZ steps op security ahead of CHOGM
        83 10 AFP [AUCKLAND] New Zeeland'sbiggest security operation ever swung into action yesterday to protect Commonwealth leaders attending a summit conference starting less than a week after the assassination of Israeli prime minister Yitxhak Rabin. "It is is our belief that the likelihood of any
        AFP  -  83 words
      • Article
        Lock icon Aussie spy chief warns of more terrorism
        65 10 AFP [CANBERRA) Australia's counter espionage chief yesterday called for greatar security cooperation in the Asia Pacific region, warning that increased terrorist activity was likely in the arsa. Australian Security Intelligence Organisation director general David Sadleir said the region had sufficient local elements, including
        AFP  -  65 words
    • Article
      Lock icon Inflation in India to hit double digits by February: Crosby
      250 10 mBOMBAY Reuter INDIAN inflation will rise to double digits by February 1996, investment firm Crosby Securities said in a report. Indian inflation, as measured by the wholesale price index, was 8.10 per cent in October, compared with 9.33 per oent
      Reuter  -  250 words
  • Page 10 Advertisements
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      626 10 MOT I C E S tottw ran* al THE COUP AMES ACT, CAP. >0 m the matter of PROJECT MVESTMEMTS (PTE.) LTD. NOTICE Or SPECIAL RESOLUTIONS At an EjOraotdhwiyOenorai Meeting of Im Members oltw Company duly convened and held at 51 Anaon Road *13-96 Anaon Centre, Singapore *****4, on Wadnaaday,
      626 words
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      Page 10 Advertisements Column 2
      337 10 N THE MATTER OF THE COMPAMES ACT. CAP. SO AND M THE HATTER OF IACEMMBMSi DEMON PTE LTD (tawpomsd Is tie RspuMe of Stoppers! SPECIAL RESOLUTIONS PASSED ON I DAY OF NOV IttS At an ExhaortSnary General Meeting of tw Company held at Bk 633 BuM Batofc Cental *01-132 Singapore
      337 words
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      Page 10 Advertisements Column 3
      482 10 NOTICE NOTICE IS HEREBY GIVEN that, I CHUA KIAN WAH of 456 River Valley Road #04-02 Singapore 1024, have applied for a Public House Ist Class Etx. Licence in respect of M/s The Quay Bar located at 3A River Valley Road #01-15 To 20 Merchants' Court Singapore *****0, and that
      482 words
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      Page 10 Advertisements Column 4
      66 10 PRIME INDUSTRIAL DEVELOPMENT SITE Geylang Lorong 17 Within walking distance to Aljunied MRT Station access to expressway -M-\«ar" Land area: 2,573.8 m 727,704 ft 2 js r—~jry Tenure: Freehold J Geylang DGP Zoning: Light Tender Closing Date: 21 November '95 (4.00 pm) For further details and tender documents, please contact
      66 words
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  • THE WORLD
    • Article
      Lock icon US debt default risk heightens
      441 11 WASHINGTON Credit line plan drawn up by Republicans leaves Clinton with few options Bloomberg Business News CONGRESSIONAL Republicans drew up an extension of the Treasury Department's credit line that would leave President Bill Clinton with few options for avoiding a government default if he doesn't
      Bloomberg Business News  -  441 words
    • Article
      Lock icon US consumers grow wary of debt
      299 11 WASHINGTON Fed figures may reflect concern over economy's direction Reuter THE pace at which consumers took on debt slowed significantly in September, the Federal Reserve said on Tuesday, a possible sign that weaker job prospects were making them wary about the economy's direction. Total
      Reuter  -  299 words
    • Article
      Lock icon US sets standards for bottled water
      148 11 WASHINGTON Bloomberg Business News THE US Food and Drug Administration handed down first-time regulatory standards for all types of bottled water consumed in the US. The government agency set standard definitions for different kinds of bottled waters, including "mineral water, spring water," and even
      Bloomberg Business News  -  148 words
    • Article
      Lock icon Germany's firms expect growth to slow down
      117 11 BONN NYT WEAK business investment will condemn Germany to slower growth and rising unemployment next year, according to a survey of 25,000 companies in both the western and eastern parts of the country. The DIHT, the Bonn-based umbrella organisation for Germany's chambers of
      NYT  -  117 words
    • Article, Illustration
      Lock icon Where is the Wall?
      50 11 [BERLIN] Two Americans walking past an overgrown portion of one of the last remaining parts of the Berlin Wall on Tuesday. The two tourists are near the former death strip of the Wall, near the Potsdamer Platz. In the background is an old observation tower. REUTER
      REUTER  -  50 words
    • Article
      Lock icon Powell not running for president: report
      185 11 WASHINGTON Reuter AFP COLIN POWELL, the former chairman of the Joint Chiefs of Staff, has decided not to run for president, the Associated Press reported yesterday. "Several of his friends and associates have confirmed to me that after weeks and weeks of agonising decisionmaking,
      Reuter; AFP  -  185 words
    • Article
      Lock icon France to ease foreign investment laws
      134 11 PARIS Bloomberg Business News THE French government plans to introduce a law that would ease regulations on foreign investment, said Alain Lamassoure, the new government spokesman and budget undersecretary. Mr Lamassoure was speaking to journalists after the first meeting of France's new-ly-appointed cabinet, a
      Bloomberg Business News  -  134 words
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      Page 11 Advertisements Column 1
      303 11 Super Business Class now offers a super-wide 82-inch seat pitch! wjMgw J I 82 inches (2.08 m) I New, extended seat pitch in Super Class vera g e §e a t pitch in 11»11»»t> ***** >» > ***** 11 ,?fl *****111 i Business Class (other airlines). 38 50 inches (0.96
      303 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Caution the byword in govt actum
      844 12  -  THE BOTTOM LIME OPINION By Lee Boon Keng The writer is a lecturer at the Nanyang Business School, NTU THE DECISION to award Professor Robert Lucas of the University of Chicago the Noble prize for economics this year was a controversial one. According to
      844 words
    • Article
      IN OTHER WORDS
      114 12 'Investors' perception that the Singapore market is less of a roller coaster than, say, Malaysia or Thailand, is something of a self-fulfilling prophecy.' head of research at Standard Chartered Securities in Singapore. This is what people mean when they call Singapore a safe haven. A safe haven
      114 words
    • Article
      Japanese banks bite the bullet
      543 12 EDITORIAL THE publicity surrounding the Daiwa Bank affair has obscured some important developments in Japanese banking. Not least among these is the fact that redundancy is no longer taboo within the banking industry. Japanese banks are beginning to behave just like banks anywhere else in
      543 words
    • Article, Illustration
      Lock icon Single wire concept is misconceived
      803 12 A new idea about competition in telecommunications is gaining ground. It is radically wrong The Economist [LONDON] Everyone sees the big picture in telecoms: technological marvels bringing wonderful new services through your telephone line, fierce competition pushing down prices. But how free is that competition?
      The Economist  -  803 words
    • Article
      WHAT THE OTHERS SAY
      1043 12 SDPrittttkoMrioni THE difference of opinion within the Singapore Democratic Party has become serious with party secretary-gen-eral Chee Soon Juan calling for Chiam See Tong to resign from the party. Mr Chiam has agreed on the condition Dr Chee stand against him and, if he loses, Dr
      1,043 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      45 12 DOONESBURYi??/ Gary Trudeau I «wta« I K//4477 up-gup* WUTALKIN6 PIK&OFPSR- ONSOP HBR LOONBYTUNS W FQRG6T 1 h,nmAct Hi \m am mkjngit' about mm 7 fmmcem> art stumt?, ponv you think Ju; zeke- I SEJtf!?** l\T)W^mm2r^ J SSCATSX' jvb mew-muz SHES A V£2^r 1 yeT 'MAMMA.MAN.IRUSTMe'
      45 words
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  • EXECUTIVE LIFESTYLE
    • CHATTER Box
      • Article
        Lock icon Hockney gets a rook star welcome
        77 13 NYT DAVID HOCKNEY, the British artist who has lived in Los Angeles for more than 30 years, received a welcome in London on Tuesday worthy of a rock star. Reporters and television crews mobbed a news conference where he appeared in connection with a
        NYT  -  77 words
      • Article
        Lock icon Anna Nicole Smith in hospital
        62 13 Reuter MODEL ANNA NICOLE SMITH, who caused a sensation by marrying a 90-year-old oil baron last year, was in hospital but her publicist and lawyer both denied that it n was because of a drug overdose. Her publicist said Smith, 27, suffered an adverse reaction
        Reuter  -  62 words
      • Article
        Lock icon Depressed Simpson didn't wash
        57 13 Reuter O J SIMPSON became so depressed while in prison facing murder charges that he went seven days without a shower, his jailer said in a television interview. A call from Simpson's daughter Arnelle appeared to lift the former football star from the depression and he
        Reuter  -  57 words
      • Article
        Lock icon No Moore box office gold?
        75 13 UPI DEMI MOORE is Hollywood's top-paid actress, having scored a US$l2 million (Ssl7 million) deal for her upcoming Striptease, but she is not guaranteed box-office m gold, judging from the poor attendance at her latest, The Scarlet Letter. The steamed-up version of NATHANIEL HAWTHORNE'S novel
        UPI  -  75 words
      • Article, Illustration
        Lock icon A Picasso for US$18m
        48 13 AFP CHRISTOPHER BURGE, chairman of Christie's America, auctions Le Miroir by PABLO PICASSO during the Impressionist and Modern drawings and sculpture auctions on Tuesday at Christie's in New York. The final I v bid was US$lB.2 million (Ss26 million) from an anonymous buyer.— AFP
        AFP  -  48 words
    • Article, Illustration
      Lock icon And the Booker goes to... The Ghost Road by Pat Barker
      782 13  -  Literary London congregates at a ceremony sans conflict this year. lyall reports SARAH LYALL NYT THE third novel in Pat Barker's World War I trilogy, The Ghost Road, won the Booker Prize for fiction on Tuesday, after a competition
      NYT; AFP  -  782 words
    • Article, Illustration
      Lock icon John, Paul, George and Ringo (who?) return in triumph
      543 13 MUSIC Beatlemania's back with the release of a "new" single and a documentary series Reuter JOHN is dead. Paul has swapped Liverpool's Strawberry Fields for a place in the country and now prefers classical composition to pop. George keeps out of
      Reuter  -  543 words
    • Article, Illustration
      Lock icon Remembering Japan's Schindler
      1054 16  -  PROFILE Nine years after his death, New York celebrates "Sugihara Month" By i Carey Goldberg NYT IN 1940, as the first spasms of war struck Europe, Chiune Sugihara was an obscure bureaucrat serving as the Japanese consul in Kaunas, Lithuania. He was a kind and gentle family
      NYT  -  1,054 words
    • Article, Illustration
      Lock icon Why they stumble while leaping from TV to big screen
      320 16  -  MOVIES Hollywood finds out that audiences amply reject them in another role By] Robert Welkos AP IN THE summer of 1994, Paramount Pictures paid a reported US$2 million (512.82 million) to David Caruso then one of TV's hottest actors in
      AP  -  320 words
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      Page 14 Advertisements Column 1
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      1,195 words
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      Page 14 Advertisements Column 2
      145 14 I fancy 'Beijing? Hct, we're defykted to suggest tke fine Comrt for iwemm+Ue timing experience. Our lunch menu offers verietfj of dia* Kin 'Beijing dumpings, a selection of set menus, mud 'Beijing specialities Hkyv B? fail Marinated Lao*, f ana, seme now? CHINESE 5 RESTAUIAhfT ttaaw MamJksrue S!twgmmnr M J
      145 words
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      Page 15 Advertisements Column 1
      93 15 WHBIE TO KMC, DINE AND ENTBITAM.. r 51 51A Boat Quay J 'Executive Set Lunch 2 Opening Hours Hi 12 Z3opm (Lunch) and H JL 6.30pm 10.30pm (Dinner). n^E X msrtgfrAVA 3 T- ITALIAN RESTAURANT *W V 11 Craig Road, Tanjong Pagar. |V Singapore 0208 If Teh 227 7550 Fax:
      93 words
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      Page 15 Advertisements Column 2
      94 15 What every successful businessman has for breakfast in Hong Kong. Have it for tea the same day in Singapore. Subscribe now to the South China Morning Post and enjoy same day delivery to your doorstep. Call 348 7838 or fax 345 9150 today. SOUTH: CHINA MORNING POST The Leading English
      94 words
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      Page 15 Advertisements Column 3
      14 15 next? W Sports 1900-91 j m at •■I? 30 cents t 4 ->"* a minute.
      14 words
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      Page 15 Advertisements Column 4
      30 15 Fann, Zoe, Ann Gina model for us W Tk A i\V F > JpPjjj^^lHp %60 1 ways to look fab WB NOVEMBER '95 l^uk T >? tWJHKI I AVAILABLE AT NEWSSTANDS 1
      30 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      635 15 TV&RAMO HHHHHHHHHHH super 1M Liftoff* fIMMMBMMIBMMi ILM Berita Semasa l CM Cappelli and Company. JJJ Singapore. ItH PM Business Hari In i. Welcome to Pooh Corner. |j| Little Consumer. LM CNN/ABN. ter Rogers' Neigh- AIM Talkers' Challenge. LM Call'n'Shop. if j®?" l d Friends. UM Mama Brings Me To The
      635 words
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      Page 15 Miscellaneous Column 2
      264 15 CKVPTiU CKUSSWOBP trpntßHi B I 5 I p E j p I BB| 1 Dishonest dealer (4-7) LJ—LJ—UJ— 8 Berlin tourist used to be flnan- JHi 11 Look and sound like a dog (4) __hE 13 Become ill, get nurse round for Uaj ÜbJ the final stage (4-3) 15 Angela's
      264 words
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      155 16 C »V J'v.A'V" Vt jr;:;;- i r -V Y> ft I i I Jnff J>' ,f& t '9^pi k Qi 3IIITI S \AI !<!*'!'! !*•Ill 'il V I vjTcdi 1 I ■if 3 ■I k *I J ft HL p. 9 t *m 3 SIICCCSS' t^^| 9 Story rafi ■••ft
      155 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Reject takeover offer, L&M shareholders told
      303 17  -  Kotjo-led Zjuridon's offer for the shares and warrants lower than current open market price By- Abdul Hadhi [SINGAPORE] As expected, brokerage firm Deutsche Morgan Grenfell (DMG) has effectively recommended that L&M Group Investments shareholders reject the takeover offer made by Zasidon Holdings. L&M chairman
      303 words
    • Article
      Kotjo team takes over on ABR board
      179 17 [SINGAPORE] ABR Holdings' new Indonesian owners have taken over the management of the Sesdaqlisted company. Johannes Kotjo, who owns 50.6 per cent of ABR or 22.32 million shares, is the ice-cream parlour operator's new chairman; the company said yesterday in a statement to
      179 words
    • Article
      Horiguchi strikes 3 deals to boost profits
      263 17 [SINGAPORE] Horiguchi Engineering Co, which was suspended from trading on Monday, yesterday announced three deals, two of which would double its pro forma net profit to $635,093 for the financial year ended Dec 31,1994. Sesdaq-listed Horiguchi said the deals were part of the
      263 words
    • Article
      SPC, Dovechem in Shenzhen project
      202 17 [SINGAPORE] Singapore Petroleum Company (SPC) and Dovechem Holdings have teamed up to build a $7 million petroleum product storage terminal in the Shenzhen Special Economic Zone in Guangdong. The two companies signed a joint venture agreement yesterday to set up a new company called Singapore
      202 words
    • Article, Illustration
      Why keeping Cerebos on track shouldn't be all that hard
      613 17  -  HOCK LOCK MEW By Chuang Peck Ming A CHAPTER in the history of Cerebos Pacific passed quietly last week with a changover in top management. The company'B share price hardly moved, keeping within the $8.60-18.80 range. This was in contrast
      613 words
    • Article, Illustration
      Lock icon Metro spending $1.5 m revamping its Marina store
      454 17  -  The upgrading is ainud it helping the store compete with new malls By, Jenny Lam [SINGAPORE] Metro Holdings' retail arm is spending $1.5 million to revamp its Metro Marina store. To be completed this month, it will help the 85,000 square foot
      ARTHUR LEE  -  454 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Surprise sum paid for Mun Loong stake
        499 18  -  Ex-central bank adviser pays over MsB a share for a 28.1% stake By Ruth Wong in Kuala Lumpur A FORMER adviser to Malaysia's central bank is said to have paid a surprising 60 per cent or more premium for a 28.1 per cent
        499 words
      • Article
        IPC in tie-up to sell services in China
        238 18  -  By. Jennifer Lien [SINGAPORE] Homegrown computer firm IPC Corp signed a joint-venture agreement yesterday with a Shanghai partner to provide electronic commerce system solutions and value-added network services in China. IPC will take a 51 per cent stake in the new company,
        238 words
      • Article, Illustration
        JB's Menara Landmark 2nd phase on sale
        353 18  -  By. Abdul Hadhi {SINGAPORE] THE second phase of the Ms6oo million (***** million) Menara Landmark office tower in Johor Baru will be marketed simultaneously in JB, Kuala Lumpur and at Suntec City, Singapore from tomorrow until Sunday. On offer are 34 units ranging
        353 words
      • Article
        SIA's 33-aircraft tender results due Tuesday
        266 18 [SINGAPORE] Singapore Airlines will announce the results of its US$5 billion (Ss7 billion) tender for 33 planes next Tuesday evening. Senior public relations manager Rick Clements said yesterday he could not reveal further details. "We are in no position to provide any further information
        266 words
      • Article
        Telkom's huge domestic offer fully sold
        448 18  -  Govt hails response but some analysts call for price cot to 'save' IPO By William Chia [SINGAPORE] All 1.17 billion PT Telkom shares offered on the domestic market have been fully subscribed but analysts disagreed yesterday on how they rated the response. PT Sigma
        448 words
      • Article
        Lock icon Trading in HK's Pioneer shares surges amid talk of stake sale
        283 18 Disposal of Bangkok Bank shares could reap windfall gains Bloomberg Business News [HONGKONG] Trading in shares of Pioneer Industries Holdings surged to its highest level in five years, amid speculation shareholders may force the company to sell its stake
        Bloomberg Business News  -  283 words
      • Article
        Ayala's US$142m Eurobond issue strongly received
        149 18  -  By, Al Labita in Manila A US$l42 million (Ss2ol million) Eurobond launched by Philippine conglomerate Ayala Corp on Oct 26 was subscribed more than twice, the company said yesterday. The issue the first zerocoupon bond floated by an Asian company was strongly received by
        149 words
      • COMPANY Briefs
        • Article
          Aztech sold 615 copies on manual
          90 18 (SINGAPORE] Aztech Systems has sold 615 copies of Its Sound Galaxy software developer kit manual, the company said yesterday in a statement to the Stock Exchange of Singapore. The High Court ruled two weeks ago that Aztech's manual infringed rival Creative Technology's copyright. Aztech
          90 words
        • Article
          Tjong Yik Min quits Aerospace board
          52 18 [SINGAPORE] Singapore Technologies Aerospace, which is part of the Singapore Technologies Group, last night announced the resignation ofTjong Yik Min as a board director. Mr TJong had earlier resigned as permanent secretary to the Ministry of Communications to join Singapore Press Holdings as its
          52 words
        • Article
          Low Keng Huat unit boosts investment
          33 18 {SINGAPORE] Kwan Hwee Investment, a subsidiary of Low Keng Huat (Singapore), has injected $766,000 Into its subsidiary, Everett Investment, raising the letter's paid-up capital to $7 million.
          33 words
        • Article
          Lock icon Astra enjoys 53% surge in profit
          82 18 AFP (JAKARTA] Indonesia's largest car producer, PT Astra International, has reported a 53.1 pa* cent higher consolidated net profit of 415.7 billion rupiah (S$2S7 million) in the nine months to September. In a statement published by the Jakarta Post daily, Astra International said sales
          AFP  -  82 words
        • Article
          Lock icon Higher gain for Manila phone group
          83 18 Bloomberg Business News [MANILA] Philippine Long Distance Telephone Co, the country's largest telecommunications company, sakl recurring net income rose 6.3 per cent year-on-year in the first nine months. It said profit rose to 3.530 billion pesos (Ssl9l million) from January through September, compared with3.32B
          Bloomberg Business News  -  83 words
        • Article
          Lock icon Bhuwanatala Indah suspended
          111 18 Bloomberg Business News [JAKARTA] The Jakarta stock exchange suspended trading in the stock of PT Bhuwanatala Indah Permai after takeover speculation pushed it up 90 per cent in the part week. It said Bhuwanatala's shares have been suspended because "detailed explanation on the takeover Issue" has not
          Bloomberg Business News  -  111 words
      • Article
        Kian Ho offer 26.8 times subscribed
        225 18  -  By\ Diana Oon [SINGAPORE] Kian Ho Bearings' initial public offering lived up to analysts' expectations yesterday, closing 26.8 times subscribed. The bearing stockist and distributor's offer of 33.75 million shares at 50 cents apiece attracted $320 million of application money. About 97 per cent
        225 words
      • Article
        Lock icon HK property market still soft, says New World
        158 18 Reuter [HONGKONG] New World Development Co Ltd said yesterday the Hongkong property market was still soft though prices were now more affordable for home buyers. The company announced that profit fell 20.6 per cent to HK13.41 billion (***** million) in the year
        Reuter  -  158 words
    • INTERNATIONAL COMPANIES
      • GLOBAL Briefs
        • Article
          Lock icon Rockefeller Center to be kept intact
          78 19 Reuter [NEW YORK] Goldman Sachs and its partners have no plans to break up Rockefeller Center, an investor in the group said on Tuesday. The new owners reached an agreement on Tuesday to buy Rockefeller Center Properties Inc, the mortgage holder on the property.
          Reuter  -  78 words
        • Article
          Lock icon Samsung seeks nod for Texas chip plant
          88 19 Bloomberg Business News [SEOUL] Samsung Electronics, South Korea's largest electronics maker, has applied for government approval to build a US$l3 billion (Ssl.B billion) semiconductor plant in Austin, Texas, an official at the central bank, the Bank of Korea said. The official said it
          Bloomberg Business News  -  88 words
        • Article
          Lock icon BAT poets 20% jump in pre-tax profit
          65 19 Reuter [LONDON] British-based tobacco and financial services group BAT pic has posted a 20 per cent jump in pre-tax profits for the quarter ended September, boosted by exceptionally strong performance from tobacco. Pre-tax profit rose to £659 million (551.47 billion) while for the
          Reuter  -  65 words
        • Article
          Lock icon Food sales lift Marks & Spencer earnings
          76 19 Food sales lift Marks Spencer earnings Reuter [LONDON] Britain's largest stores group, Marks Spencer, reported an 8.8 per cent growth in first-half pre-tax profits on Tuesday, as rising food sales outweighed concern on lower clothing turnover. "They were a very worthy set of results, in line with expectations," said Robert
          Reuter  -  76 words
      • Article, Illustration
        Lock icon Protest brings air traffic to standstill
        44 19 [TOULOUSE-BLAGNAC] Several thousand employees of the French airplane builder Aerospatiale marching on Tuesday on the tarmac of the airport here, blocking all air traffic, to protest against a plan to suppress 4,ooojobs in the next two years. AFP
        AFP  -  44 words
      • Article
        Lock icon Kodak free from anti-trust decrees after US govt forgoes appeal
        239 19 Bloomberg Business News [WASHINGTON] Eastman Kodak Co is free from legal restrictions on its ability to compete in the photographic film market, after operating for almost 75 years under federal anti-trust constraints. The Justice Department has informed the company that
        Bloomberg Business News  -  239 words
      • Article
        Lock icon NZ forester Carter Holt paints cautious outlook
        469 19 Interim net profit op 33% bat mixed results seen from different divisions in second half Reuter [AUCKLAND] New Zealand forester Carter Holt Harvey painted a cautious picture for the second half of the financial year, despite reporting a bumper first-half result yesterday. CHH,
        Reuter  -  469 words
      • Article
        Lock icon CompuServe settles copyright class action suit
        263 19 Reuter [CHICAGO! In a groundbreaking agreement, computer online service CompuServe Inc said on Tuesday it agreed to settle charges that it infringed copyrights by letting its subscribers copy music recordings without paying royalties. CompuServe, a unit of H&R Block Inc, said it agreed to
        Reuter  -  263 words
      • Article
        Lock icon Rothschild family says it will retain control of group
        285 19 Statement follows speculation of bank unit's merger Reuter [LONDON] The Rothschild family, which controls Rothschilds Continuation Holdings AG, parent of merchant bank N M Rothschild, said it intended to retain control of the holding company and remained committed to the independence
        Reuter  -  285 words
      • Article
        Lock icon NTT to axe 25% of staff in revamp
        295 19 It hopes move will head off pressure for a breakup Reuter [TOKYO] Nippon Telegraph and Telephone Corp, seeking to head off pressure for a breakup of the telecommunications giant, said it will cut its workforce by nearly 25 per cent in a
        Reuter  -  295 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon China sets rules for part-time futures brokerages
        279 21 Crackdown move requires all to re-apply for trading licence Reuter [SHANGHAI] China's top securities watchdog promulgated a set of rules governing part-time commodities futures brokerages, ordering all to reregister in accordance with the new requirements. The rules, issued by the China Securities Regulatory
        Reuter  -  279 words
      • Article
        Lock icon Bankers Trust in KL to focus on derivatives
        137 21 Bloomberg Business News [KUALA LUMPUR] Bankers Trust Co wiU focus on derivative securities and risk management at its new representative office here. Vice-chairman George Vojta yesterday said the office win also arrange bonds, loans and equity issues, and offer advice on project
        Bloomberg Business News  -  137 words
      • SMALL Change
        • Article
          Lock icon MCIS to raise capital by M$50m
          59 21 Bernama [KUALA LUMPUR] The Malaysian Cooperative Insurance Society Limited (MCIS) will raise its capital by another MISO million (ss2B million) from the early second half of next year. The increase is to meet the recant call by the director-general of insurance that insurance companies
          Bernama  -  59 words
        • Article
          Lock icon Ometraco's note sale postponed
          73 21 Bloomberg Business News {HONGKONG] Ometraco Corp's floating rate note sale, scheduled for yesterday, has been postponed until next week because of delays to the paperwork for the company's new medium-term note programme. Through a subsidiary, the Indonesian conglomerate will sell from US$BO million (Ssll3 million) to
          Bloomberg Business News  -  73 words
        • Article
          Lock icon Fund managers to merge
          57 21 Bloomberg Business News [MELBOURNE] National Mutual Funds Management will merge its European ftmds management operations with Axa Equity and Law Investment Management Ltd. Axa Equity and Law will manage National Mutual assets invested in Europe, as well as raising fluids in Europe for National Mutual to
          Bloomberg Business News  -  57 words
        • Article
          Lock icon NCB, Gartmore plan investment trust
          57 21 Reuter [TOKYO] Nippon Credit Bank Ltd (NCB) and British investment management firm Gartmore pic are planning to set up an investment trust management unit in Japan in January. The new flnn is expected to start operations as early as February, once it obtains a licence
          Reuter  -  57 words
        • Article
          Lock icon Bank of China has 519 units overseas
          65 21 AFP {BEIJING] China's main foreign exchange bank, the Bank of China (800, has established 519 organisations worldwide with assets of U*****.88 billion (***** billion) and deposits of U5574.81 billion. The figures, given as of June 1996, were up 38.4 per cent and 44.8
          AFP  -  65 words
      • Article, Illustration
        Lock icon Cocoa trade problems
        58 21 [IVORY COAST] Workers handling bags of cocoa on Tuesday in an Abidjan warehouse. The cocoa industry in Ivory Coast, the world's largest producer of the commodity, is affected by a dispute over a state-enforced reduction in shipping costs and also by ethnic tension in the principal areas
        AFP  -  58 words
      • Article
        Lock icon S&P concerned about health of some Indonesian banks
        227 21 Property exposure and loans to related firms among concerns Bloomberg Business News [JAKARTA] Standard Poor's Corp said it is concerned about non-performing loans at some of Indonesia's banks and about concentration of loans to affiliate companies of the banks. The international financial
        Bloomberg Business News  -  227 words
      • Article
        Lock icon Scepticism over First Bank's US$500m cost-cutting plan
        162 21 Bloomberg Business News MINNEAPOLIS First Bank System Inc says central to its US$lO bUlion (5514.1 billion) agreement to buy First Interstate Bancorp and rescue it from hostile bidder Wells Fargo Co is its plan to cut US$5OO million in annual expenses once the
        Bloomberg Business News  -  162 words
      • Article
        Lock icon SBC's investment banking goals get boost
        423 21 Bank names head of investment arm as new CEO FT (ZURICH) Swiss Bank Corporation looked set on Tuesday to move deeper into investment banking after it announced that Marcel Ospel, the 45-year-old head of its SBC Warburg investment arm, would become its next chief
        FT  -  423 words
      • Article, Illustration
        Lock icon M'sia base lending rates expected to rise further
        300 21 AFP [KUALA LUMPUR] Malaysian bank lending rates are expected to rise by another 20 basis points next month after a similar increase this month as a new formula for computing base lending rates (BLRs) kicks in, money market dealers said yesterday. "It
        AFP; Source: Bloomberg; FRANCIS  -  300 words
      • Article
        Lock icon Opec to miss out again on oil demand surge
        323 21 ENERGY REPORT Reuter [LONDON] World oil demand is set to surge again next year but the once-mighty Opec oil producers' cartel will see most of the growth snatched by rival suppliers, the West's energy watchdog said yesterday. In its monthly oil
        Reuter  -  323 words
      • Article
        Lock icon CURRENCY REPORT
        167 21 Reuter London THE dollar was wavering at the top of a key support zone between 102.10 and 102.55 yen in morning European dealings, but there is little on the agenda likely to force a breakout of established ranges. Some analysts see the dollar's testing of support levels as
        Reuter  -  167 words
      • Article, Illustration
        Untitled
        1123 21 DfTEKBAWL CUKRB1ICT RATES MMtttSS Attest US$ AMiMt S$ AMkMtUSS CwimmJ«» m Offar BM Offar CktmcIm M Offer M Offer Frtack franc 20.9100 28.9601 4.MS0 ***** ATKA nTC vHi IM« *29 1.7335 7.7345 SteTiSSr (22 ?22 fiS JITS/ 1 «•£*> °°«i w.500 2279.500 Canadian Mar ***** LOW UttO U590 Italian Ira
        1,123 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        912 22 [KUALA LUMPUR] Tin price on the KLTM ended six sen firmer to M 515.90 per kg following a higher close on the London Metal Exchange overnight. Dealers said the LME added US$35 after shedding US$25 previously. This boosted interest on the KLTM which also saw the presence of
        912 words
      • Knight-Ridder Commodity Summary
        • Article
          China buys more grain, oil
          78 22 [HONGKONG] China's state purchase of grain and edible oil as of the end of October has progressed smoothly, with higher quantity procured compared with the same time in 1994. The government has purchased 48.69 million tonnes of grain by the end of October, up 2.49
          78 words
        • Article
          India's mills against cotton exports
          63 22 [NEW DELHI] India's cotton mill and spinning lobbies have urged the government not to allow cotton exports because correct 1995-96 (Sep-Aug) output data have yet to be made. No hasty decision should be taken on exports, the spinners said. They said exports should not be
          63 words
        • Article
          Pakistan producing more sugar
          68 22 [ISLAMABAD, Pakistan] Pakistan's 1995-96 sugar production is seen at 3.1 million tonnes against 3 million tonnes in 1994-95 despite lower cultivation and concern about rising prices, sugar mill officials said here yesterday. "Cultivation has declined by about 5 per cent this year in Punjab province but
          68 words
        • Article
          Russia's grain Import needs
          72 22 [BRUSSELS] Russia's total grain imports in 1995-96 from outside the CIS region will probably need to be around nine million tonnes, including six million tonnes of milling wheat, Moscow-based grain analyst Andrei Sizov said yesterday. In a paper prepared for delivery at a grain conference here,
          72 words
        • Article
          German agricultural futures market
          93 22 [HAMBURG] A German-based agricultural futures market could start work in the first half of 1997, according to a feasibility study from the Chicago-based Catalyst Institute. The institute concluded that a new exchange would be feasible and recommended trading start in wheat and slaughtered hogs options. Both
          93 words
        • Article
          ICO members ecporting less coffee
          77 22 [LONDON] Coffee exports to all destinations by exporting members of the International Coffee Organisation in September totalled 5.644 million 60 kg bags, according to preliminary ICO estimates. The data showed September exports were down 216,000 bags from exports in September 1994 and down 124,000 bags
          77 words
      • Article
        Lock icon SIMEX Report
        1068 22 Reuter [SINGAPORE] Simex Euroyen futures surged in late trading on news that Mitsubishi Bank had sold 40 billion two-month certificates of deposit at two basis points lower than the previous day. "The news gave the market a reason to rally. So did the old news that Sumitomo Bank
        Reuter  -  1,068 words
    • Article
      COMMODITY PRICES
      1145 22 S1C0M FUTURES Nov 8 RUBBER (Mam cIm* «it 5 JOpa) R*S1 COOTUCTfS cwKtA*} CfcM V«(MM OpM Mwth Mfk LM Sttt (tmmti NrttTWt Otc 95 223.50 223.50 223.50 50 2015 J««96 221.00 1250 MO 96 ***** t250 kUr 96 ***** 1250 90 223.00 ***** ***** 750 N600 M/S«9 96
      1,145 words
    • REGIONAL STOCK MARKETS
      • Article
        Untitled
        247 23 VEUJMTON OX) ANZBanlUnq CM *0.10 ***** Advantages Hldfi L62 unch ***** A* N*w ZftUnd (A) 4.0* *0.04 *****1 Mr Mnt Zealand (B) 5.40 0.10 ***** AmurlCorp 0.48 unch 2000 BNZFlnanM 170 0.01 1UM Baycorp t«S inch ***** Brterleylnv U3 unch 134*093 COL treatments 0J1 unch MTM Carter Molt 3 46
        247 words
      • Article
        Tokyo
        2277 23 -157J3 STOCKS fell after lower profits at major US semiconductor maker Cirrus Logic raised concerns that Japanese technology companies might also face lower earnings. The Nikkei Average fell 157.93 points to 17,863.29. The Nikkei 300 Index lost 1.43 to 267.20. The Topix Index fell 7.26 to 1,427.92. About 380
        2,277 words
      • Article
        Sydney
        644 23 +0S A stronger gold sector combined with increased demand for News Corp shares countered the impact of weak action on Wall Street and pushed shares up. "Gold prices were up about US$3.OO higher in the US and that added some strength to our market," a broker said. "But the
        644 words
      • Article
        Manila
        417 23 ♦I&J7 Stocks were little changed as optimism generated by better-than-expected earnings for Philippine Long Distance Telephone was offset by concern over inflation. "The foreigners have voted with their feet," said an analyst. "They are conspicuous by their absence." The PSE Composite Index rose 15.07 points to 2,484.94. It was
        417 words
      • Article
        Taipei
        383 23 -5L49 Stocks fell, with all eight major categories of shares declining amid financial and political uncertainties. "Investors were still sidelined as the reduction of banks' required reserve ratios by the central bank on Tuesday had failed to ignite a rally," said a trader. The 321-issue Weighted Price Index dipped
        383 words
      • Article
        Seoul
        538 23 -186 Stocks fell for a second day on concern about a government probe into former President Roh Tae Woo's US$65O million (Ss9l6 million) slush fund. Yesterday, state prosecutors summoned and questioned heads of three major conglomerates, Samsung, LG and Dong-Ah. "As long as the investiga- tion continues, the equity
        538 words
      • Article
        Bombay
        150 23 -45.78 Stocks fell, led by Reliance Industries, amid concern about the weakness of the rupee. Foreign investors are reluctant to buy stocks in case the rupee depreciates further, reducing their value in other currencies, said a trader. "If it falls farther to about 40 rupees to the US dollar
        150 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        220 23 mZt mm »«t "553 mT jT ;?y Tjf-' t Wt I70J -W OJ U 41 U U SE, H H s ftl -S u -u w -u mr 3 H 8 H i: 2s a S is ts ts «k sss, .ss s a s s I S a 2
        220 words
      • Article
        London
        566 23 ♦M.7 SHARE prices closed at their day's highs, taking their lead in late trading from a strong performance on Wall Street and a rally in futures and bonds. Hopes of renewed takeover activity in the utilities sectors and talk that money from the Rhone-Poulenc Rohrer bid for Fisons may
        566 words
      • Article
        New York
        706 23 ♦1&06 Stock prices moved higher yesterday in dull early trading, supported by strong bonds and a rebound in high technology issues. The Dow Jones Industrial Average, which lost 16.98 points on Tuesday, was ahead 18.06 to 4,815.09 at 11am EST. The NYSE Composite Index was ahead 1.12 point
        706 words
    • Article, Illustration
      Lock icon HONGKONG
      2466 24 Bloomberg Business News QlUagSeflg -190J6 HONGKONG stocks fell 2.2 per cent to their lowest levels in six weeks amid concern that sluggish economic growth may crimp corporate earnings. "People aren't looking at stocks. They just want to get out of this market," said a trader. Some traders said they
      Bloomberg Business News; FRANCIS  -  2,466 words
    • Article, Illustration
      Lock icon CHINA
      593 24 Reuter P Shanghai B Store Mac -U7 SHANGHAI B shares dropped to their lowest level since May, moving in tandem with slumping Chinese stocks traded in Hongkong, amid concern that higher tax rates will puncture earnings. The B Index, which tracks shares that foreign investors can own, fell 1.17
      Reuter  -  593 words
    • Article, Illustration
      Lock icon JAKARTA
      1040 24 Bloomberg Business News D Composite Index -144 INDONESIAN stocks fell, pulled down by concerns about banks' bad loans and loans to affiliated companies. The Composite Index fell 2.44 points to 487.46. The rating company Standard Poor's said it's worried about the health of the Indonesian banks that aren't state-owned
      Bloomberg Business News; B CRUZ  -  1,040 words
    • Article, Illustration
      Lock icon BANGKOK
      1176 24 Bloomberg Business News □set Mm -18.Q THAI stocks slid to six-month lows, led by construction materials producers, on concerns profits would be hit by Thailand's worst flooding in 40 years. The SET Composite Index fell 18.49 points, or 2 per cent, to 1,222.75, its lowest since May 2. Trading
      Bloomberg Business News; ALLAN  -  1,176 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Banking stocks lead market lower
        6844 25 SUALA LUMPU JLReports Bloomberg Business News Qftmpoate Index -5J6 MALAYSIAN stocks fell to a fresh nine-month low as investors lowered their offers to sell blue chip shares. Retailer Mun Loong rose 30 per cent after a controlling stake in the company changed hands in off-market
        Bloomberg Business News; ALLAN  -  6,844 words
    • WARRANTS & OPTIONS
      • Article
        Cheap? Look before you leap
        3695 26  -  WARRANT WATCH -By] R Sivanithy STATIONERY firm SNP's newly-listed warrants continue our recent theme of looking at long-dated warrants that trade for reasonable premiums. Expiring in five years, the instrument's current price of 49.5 cents, when added to its exercise price of 89 cents, means
        3,695 words
    • Article
      CLOB INTERNATIONAL
      2285 26 MALAYSIAN STOCKS Or Or 1995 Last Vol Day Lest Ouete Dtv Mv YM Nat M Cap High Law Stna Company Sata COOO) High Law Buyar Seller C"*r W/t $mH 471 86 Hi 5000 AIS05OC 299 cd 167 312 297 300 JO* 10 49 51 6L2 3017 127 74
      2,285 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1767 27 TURNOVER COOO) VAtUC COOO) ss —z, JZ jz nmn VTOC 4,473 *,173 13.44* M24 1*472 MM* 933 U23 UM UMC 2.205 4.07' PntmVm *7*7 9,424 U.4H 1*941 >0,0*0 24.04* W«mm>n 4*7 4*7 Ufa Utt MM* 2.774 2.774 UM MM •t* 9,974 tMO T1.804 «M1» WW V4.4J4 TOTAL *1.5*3 37.M4 W9.S47
        1,767 words
      • Article
        MAIN BOARD
        4242 27 Or Or M Wt IMS LMt V* Day Lad 4wM Otv Dhr Yld Nat Cap Avg Htgb Law ttWa Clammy «aH COOOt HN> Law »«yar SaWar CV Wl laMi Plica 210 176 12N AcarSOc US182 -5 313 184 ISO 182 183 12.4 3011 490 318* m t 1000
        4,242 words
      • Article
        SESDAQ
        790 27 Or Or M HI 1999 LMt Vol Day Laat Owta Mv M> YN M C# Avf MHII t— «tW» C—p—y Ml rOOOl WH> L— Bayar M» Cw P/l %rnm Prtca 322 40 0 2000 ABUHMqsSc 300 -12 (Ml 320 300 308 312 *0 X9 03 67.0 13X2 301 26*
        790 words
      • Article, Illustration
        Late burst of interest in few stocks props up STII
        920 28  -  STOCK MARKET COMMBXTARY Second liners still in the limelight as Malaysian fhnd outflow benefits local shares marginally By R Sivanithy LOCAL stocks benefited marginally from a flow of funds out of the Malaysian market yesterday, while Sesdaq and other Singapore
        920 words
      • Article, Illustration
        HOT STOCK
        55 28  -  B» Paul Leo ELECTRONIC Resources surged tight ants to a record flJt7 yesterday on strong buying interest 3.6 million shares changed hands, compared with the l&day average 0f451,000. Momentum indicators predict fUrther upside towards $1.50. But investors are adoised to take profit on such a move as the
        55 words
      • ON THE GRAPEVINE
        • Article
          What's UPP, Kotjo?
          117 28 MATHEMATICS must be speculators' strongest subject in school. Whoa they put two and two together, they get Ave. Speculators are now betting that ABR's Johannes KoQo is the more likely predator of United Pulp A Paper (UPP) than Barito Pacific Timber's Prajogo Pangestu. They linked ABR's announcement
          117 words
        • Article
          SES
          114 28 WANT to know how active the local stock market has been? Just look at the number of queries sent out by the SES. And yesterday's activity must have been good given that three companies were queried, in addition to the four the previous day. Main board listed Uraco, Sesdaq
          114 words
        • Article
          Same deal, can? Yen, Pacific Can
          133 28 A BLOCK of 13.8 million Pacific Can shares was crossed yesterday at $1.25 each—the same number of shares that Malaysian-listed Lien Hoe bought just a few months ago, and at the same price too. Naturally, some brokers were puzzled. Bl* managed to piece together
          133 words
        • Article
          Captain to set sail
          151 28 CAPTAIN Wei Jia Fu, the man behind the aggreaaive diversification by Chineaa shipping giant Coaco hi Singapore, to said to be living the Republic in a month or two. The president of Coaco Investments Singapore, which entered Singapore through a backdoor listing by baying Sun Corporation
          151 words
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      44 17 m AT HOME ANYWHERE IN THE WORLD. 4 *j£E '2^ 1* v Jom I BHI^H^K H H v fai i w boutiqui: NCEE ANN CITV. »01-07. TEL: 735 8147 171 Mj f-m 4% COHNti: ISETAN SCOTTS, LEVEL 3. TEL: 735 0539 Hif 1 Q9
      44 words
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      Page 18 Advertisements Column 1
      61 18 This announcement appears as a matter of record only THE ASCOTT |AKA R T A ASCOTT TOWERS 8 PT BUMI PERKASA ANDHIKA U5545,000,000 Term Loan Facility Arrangers The Mitsubishi Bank, Ltd, Singapore Branch Societe Generale, Singapore Branch Lenders The Mitsubishi Bank, Ltd, Singapore Branch Societe Generale, Singapore Branch PT Mitsubishi
      61 words
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      Page 19 Advertisements Column 1
      129 19 A rare opportunity to acquire prime warehouse development site of approx. 111,822 sq ft A ViO^Kan o\\ EZw flEiiail W An o MoKi \>\ MRT Station\ T AngMoKio \j\ b ol 9 EBtB,e Jaj Aug nr 1 Located at Tagore Ave/Tagore Drive. Master Plan Warehouse zone at an A popular
      129 words
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      Page 19 Advertisements Column 2
      180 19 There's only one watch a discerning individual would wear. But where would he turn to for a Coram? Limelight. A quartz movement watch with gold and water sapphire case of 98 brilliants, it has a pyramidal sapphire glass with 12 facets and a gold dial set with 93 diamonds. Cortina,
      180 words
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      Page 20 Advertisements Column 1
      199 20 So who insures the insurers? Here comes our Annual Report. Some will find it music to their ears. For those who prefer reading five years.) And raised our profit by more than a quarter. (Good the score, heres a list of what the past year has meant for Swiss Re.
      199 words
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      Page 23 Advertisements Column 1
      200 23 The New Zealand stock market report was not available. Txh e Finest Furniture Carved Ln Rosewood.7 Discover the unique charm and beauty of classic rosewood F —;*r<j furniture from Singapore Handicrafts Singapore's leading PffffflTTTT > TTIIIIII lilt t /f| I■ I I rm. rosewood specialist A rosewood masterpiece, with its
      200 words
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      Page 24 Advertisements Column 1
      138 24 Qive c-Afew ££i£e < ETo < r3Javt J Facing hair problems like balding, thinning hair, damaged hair, dandruff and I premature grey hair? Don't despair, come to Hay's Formula, we give professional J hair treatment with a secret formulation made of 100%, HERBAL EXTRACTS. m Hay's Formula provides all natural
      138 words
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      Page 24 Advertisements Column 2
      45 24 -eMThe" Business Times Faster. Sharper. Deeper A bold new look and a fresh approach to the news and views. Faster with the news, and with the meaning of the news. Sharper focus on business and markets. Deeper analysis of trends, and more opinion and commentaiy.
      45 words
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      Page 25 Advertisements Column 1
      71 25 Quickstock... '^TTeryice^^ l pr V^ fl Real-time Update A 24-« r stock in/o Gf've* jwm instant access to reliable stock info a Z»<anag' r «/*>«. keep trackofy^Ji—- Lets you make timely decisions on your investments. H \ny OU ne ed is key in the 4-digit stock number /o««/ on Me
      71 words
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      Page 25 Advertisements Column 2
      58 25 Ho Ann To add sparkle to your portfolio, come to the dazzling < new Mondial Showroom. Mondial Now at NgeeAnn City. For all your internationally certified G.IA, H.R.D and 1.G.1 diamonds, emeralds and other gemstones. NEW SHOWROOM. Mondud Ngn Ann City *01-16 TaluUnmty* Shopping Cento*, 391 Otcbnrd Rond, Ngee Ann
      58 words
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      476 27 ADVERTISEMENT mttAMPacrfk l7»cd-40 101 1740 1720 1700 1710 47.7 1.1 2.1 216 2049 2 1724 271 It) i MmiPoto If* _rii 44 200 I*7 19* 199 20 4.2 10 MM*'■HMH M| H| r 650 m! BA'T2I 645 l£! !29 '22! JJ i£! IIZ 940 600 al 1 OUE 120 )2
      476 words
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      Page 28 Advertisements Column 1
      361 28 NOTICE NOTICE IS HEREBY GIVEN that, I Tan Peng Yeow of Blk 538, Ang Mo Kio Ave 5 #06-4048 Singapore *****8 have applied for a Beer House 2nd Class Licence in respect of M/s Meng Lee Heng Eating House located at No. 11 Clover Way, Singapore *****2, and that this
      361 words
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      Page 28 Advertisements Column 2
      366 28 M O T_ I _C E S NOTICE NOTICE IS HEREBY GIVEN that, I Wee Choon Beng Adrian of Apt Blk 223 Simei St 4 #07-06 Singapore *****3 have applied (or a 2nd Class Beer House Licence in respect of M/s F 3 are Pte Ltd located at 220 Orchard
      366 words
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      Page 28 Advertisements Column 3
      478 28 Singapore Closing Share Prices 8/11/1995 CLOSE PREV LOW HIGH tllll* uss uss uss uss Allßlr Jardine Matheson 5.95 6.00 5.85 6.00 Wfßßim Sardine Strategic 2.59 2.57 2.57 2.62 IVfifiyj Dairy Farm 0.71 0.755 0.71 0.75 kKKfI Hongkong Land 1.75 1.77 1.74 1.77 ■pVHHgja Mandarin Oriental 1.13 1.14 1.12 1.14 EttUilUUi
      478 words
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      Page 28 Advertisements Column 4
      264 28 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND M THE MATTER OF ASIATIC PETROLEUM INSPECTION PTE LTD (incorporatec in tno Republic of Singapore) (In Liquidation) MEMBERS' VOLUNTARY WMOING-UP NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Chapter 50) the Final General Meeting of
      264 words
    • Advertisement
      Page 28 Advertisements Column 5
      200 28 M THE MATTER OF THE COMPAMES ACT, CAP. 90 AND M THE MATTER OF FOSECO (S) PTE LTD (M MEMBERS' VOLUNTARY UOUDAHOM) NOTICE OF FMAL MEETMG NOTICE IS HEREBY GIVEN pursuant to Sscton 300(1) of ths Comparaea Act. Cap. SO that ths Final Masting of Members of tha Cufflpany wfl
      200 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      296 29 Knight-Ridder Reuter THE dry cargo freight market is gradually reversing the downward trend and there are enough signs to suggest that it may now do more than simply stabilise at recent levels, trade sources said. Brokers report new orders for Capers and Panamaxes in both the Atlantic and
      Knight-Ridder; Reuter  -  296 words
    • Article
      MARITIME STOCKS
      267 29 -gmmm SR.; rv" Hii ■Ml H *t- H CWTDMt 1.50 unch 2 Chuan Hup 1.19 unch 40 COKOMv 2.00 -0.02 644 FTJ 6-20 -0.X) 31 rrt Unto 0.74 *0.02 334 HHtMtofl 104 *OOI 218 MalSgnMap 0.91 -0.01 440 HHmM2«mn 105 uncti 62 IMCKlllp HK 5.60 JayalHtfim LA2 *0.03
      267 words
    • Article, Illustration
      NOL to award $480 m contract soon
      383 29  -  Result of tender for 6newbuildingstobe revealed in the next few weeks By Yong Mei Fong [SINGAPORE] National carrier Neptune Orient Lines (NOL) will be awarding a contract for the building of six wider-than-panamax containerships worth about $480 million within the next few weeks.
      383 words
    • Article
      Big orders for some yards, continued problems for others
      841 29  -  NEWBDILDS By] David Hughes IT HAS been quite a busy fortnight in the newbuilding market. The biggest firm order was Stena's major investment in new ferries but rumours of other large orders also attracted a lot of attention. The problems of
      841 words
    • Article
      Lock icon Cosco to invest in other businesses in Hongkong
      363 29 Plan to expand into property, banking and insurance AP [HONGKONG] China's largest shipping company is looking to make some waves on dry land. Having raised cash by reshuffling the ownership of a Hongkong container terminal, the Beijing-controlled China Overseas Shipping (Group) Ltd
      AP  -  363 words
    • Article
      Lock icon 2 Manila lines sign pact
      138 29 Reuter [MANILA] Philippine shipping firms Aboitiz Transport System (ATS) and William Lines Inc have signed an agreement with the US-based McLane Group to study the viability of developing a food distribution system in Southeast Asia. In a recent statement, ATS president Endika Aboitiz said the
      Reuter  -  138 words
    • Article
      Few shipowners taking action to comply with ISM code
      310 29  -  From. David Hughes in London DELEGATES at the Ship Repair Conversion 95 conference heard that very few owners have acted to meet the impending International Safety Management (ISM) Code requirements. They were also told that some vessels with pre-convention compliance certificates
      310 words
    • Article
      Lock icon EU shipbuilding aid extended
      125 29 Reuter [BRUSSELS] European Union industry ministers agreed in principle on Tuesday to extend the EU's current rules on shipbuilding aid until Oct 1,1996, if a global accord is not ratified by then. They will adopt a formal decision after receiving an opinion from the European Parliament.
      Reuter  -  125 words
    • Article
      Lock icon Sale Of Dover port postponed till '97 due to protest
      249 29 AFP [LONDON] The British government said on Tuesday it would push back the sale of the port of Dover two years, after a high-profile protest campaign involving wartime singer Dame Vera Lyn and the Queen Mother. Popular opposition had swelled
      AFP  -  249 words
    • Article
      Lock icon M'sia to propose oil spill procedures
      352 29 KLwutaAattn accord on illegal skip discharge, desladgng MBT [KUALA LUMPUR] Malaysia will forward a proposal on common standard operating procedures (SOPs) among Asean countries against illegal ship discharge and desludging at the Asean senior officials on the environment (Asoen) meeting scheduled for early next
      MBT  -  352 words
    • Article, Illustration
      Lock icon Swooping on poor payers
      1220 30 MHJOVUIUMO MARITIME ASSETS: UK FIRM OFFERS SPECIAL SERVICE A team of experts with tons of experience offers banks and other creditors an avenue of seizing assets and disposing of them, all quite legally and without the hassles of court-ordered detention Lloyd's List A PRIVATE group has
      Lloyd's List  -  1,220 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      330 30 PACE Act n ML 3 AMe 7 Accord 10 AMers 6 Ahrenkie) 4 Appenslm 4 Astro K> Austral 11 Avant 6 BSA II Batammdo 7 BlangMas 10 Bright Express 6 CCW 4 CMA tl COSCO 7 CSAV 3 Centenary 7 Central Ex n
      330 words
    • Article
      SHIPPING GUIDE
      10968 36 ETA ETA Advertiser Vessel Voyage Pg ETA ETA Advertiser Vessel Voyage Pg SIN Oest'n Nam* Name No. No. SIN Dest'n Name Nam* No. No. MWMNHMMMNMMMMMNMMMMNMMMMMMNiMMMMMMMMHMNMMMMMMMMMMMMi Abu Dhabi/ St Johns 26/n UASC AL MIROAB CV42W M/n 29/n NYK PRESIDENT BUCHANAN 106W W W Hanjln H.LEHAVRE 032E 3 19/H 01/12
      10,968 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        645 41 Vassal Voy Wo Barth Arrival Dapartui i JlSn M Mot 1 32/95 alongside 09.11/090C (IT) Bmtang Jaya 5/95 J1 alongside 09.11/1000 <IT) Harapan Msama 1/95 J1 4tomjsj<X 09.11/1900 *BT) mm Halomoan 11/95 003 J1 alongside 09.t1/1800 «ana Jaya A98 J8 alongside 09.11/0515 M 10/95 J7 longs** 09.11/2300 Putra
        645 words
      • Article
        CONTAINER SCHEDULES
        1565 41 RECEIVING Of EXPORT FCL COWTAIWERS AND LCL CARGO Booklnq/BtUnct Rstts Ship Voy Mo Etb/itr Port* from To Frota Acx *OM 0721 10/2359 07/1500 07/1*59 07/1900 U 07/1700 01/0459 00/0900 21 07/1700 00/0*59 00/0900 00/0700 00/nS9 00/1400 4 00/1200 00/M59 00/1700 UN Anwrki 0040A 09/0200 U 07/1500 0/7*59 07/1900
        1,565 words
      • Article
        COCKETT BUNKER MARKET REPORT
        686 41 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        686 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon China's air cargo traffic forecast to grow 11%
        427 42 New study expects freight carried by rail to decrease while that by road and air will soar UPI [BEIJING] Air cargo business in China is expected to grow an average 11 per cent a year over the next 20 years, a new
        UPI  -  427 words
      • Article, Illustration
        Airbus' new giant transporter
        56 42 [SINGAPORE] A joint venture ofAerospatiale and Daimler-Benz Aerospace Airbus, called Satic, is building the A3OO-600ST Airbus Super Transporter, which will replace Super Guppies in transporting sections of Airbus Industrie aircraft among factories in Europe. The first of four such giants is seen above demonstrating its ability
        56 words
      • Article
        Lock icon KL looking at proposals to privatise KTM, says Ling
        267 42 Minister hopes for a modern, iai efficient railway MBT KUALA LUMPUR The Economic Planning Unit in the Prime Minister's Department is considering several proposals for the privatisation of KTM Bhd, Transport Minister Ling Liong Sik said yesterday. KTM was corporatised in
        MBT  -  267 words
      • Article
        Lock icon TNT faces tough year because of Ansett and Spain
        259 42 Reuter [SYDNEY] Australian-based international transport group TNT Ltd faces a difficult year in 1995/96, largely because of its investment in Ansett Australia Airlines Ltd and its operation in Spain, company officials said. TNT reported a 50 per cent jump in equity
        Reuter  -  259 words
      • Article, Illustration
        Lock icon Both gain from air pact, US tells Thais
        222 42 Bloomberg Business News [BANGKOK] A bilateral aviation agreement between the US and Thailand would "lead to a bigger pie" for both countries to share, US Transportation Secretary Federico Pena told the Thai government yesterday. Executives travelling with the delegation said a new
        Bloomberg Business News  -  222 words
      • Article
        Lock icon Mercedes seeking to expand US market share
        334 42 New E-Cl&ss sedan to head aggressive sales push Reuter [AUBURN HILLS, Michigan] Mercedes Benz AG said it plans an aggressive push for US market share over the next three years to boost its sales to 125,000 vehicles in 1998 about twice its 1993
        Reuter  -  334 words
      • Article
        Lock icon New Macau airport head optimistic
        126 42 Reuter (MACAU] Macau's new US$l billion (Ssl.4 billion) international airport, which becomes fUlly operational today, will break even by 2003-4, said Antonio Diogo Pinto, chairman of Macau Airport Corp. "We expect to break even by 2003-2004, depending on the traffic," said Mr Pinto. The corporation
        Reuter  -  126 words
      • LOG Book
        • Article
          Eva Air wins Koala Award again
          80 42 [SINGAPORE] Taiwan'a Eva Air waerscsntiy named best air line for the second year nmnii* in the Koala A ward 3 held by the Australian Tourism Oommtaion. The carrier which has been operating flights t» Australia fbr only two years, was judged on its product
          80 words
        • Article
          S African Airways buys B777
          94 42 [SINGAPORE] South Afrtem Airway* (BAA) t< bnrtnc T four Boeing 777-200twinjeta, with an option tor threemore of the new wide-bodied aircraft worth about US$l.3 billion (Ssi .84 billion). This is the aiiibie's largest single order in itsei-year history. The price tag ascftides the coetsrf engines,
          94 words
        • Article
          Lock icon Eurotunnel's millionth passenger
          78 42 AFP [CALAIS, France] Eurotunnel the hslsaguered operator sTf the debt-ridden tunnel linking Britain and Prance, celebrated the passagi on Tuesday of ths millionth passenger vehicle since the service opened last December. The 500,000 milestone was reached only after sht months, on June 27. It was certainly a
          AFP  -  78 words
        • Article
          Lock icon Dubai airport cargo up 23%
          95 42 Reuter [DUBAI] Dubai airport cargo volumes rossahnostttper cent to ***** tonnes hi October tvm 23,080 tonnsea year earlier, official figures show. Figures issued by the airport's Dubai Cargo ViQags showed this pushed total tonnages handled in the year so Ar to 387,801 from 201,822 in
          Reuter  -  95 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1181 42 cm FUSHT eta FlItWT ETP N—I VW741 HID VW740 MIO AbuMuM GA975 1335 Hatyai TG407 2105 TG408 0820 S044I BIO L mm 2255 M>96 1920 AMaMt Of081 1930 0f082 2050 HoCM VW741 1310 S01T2 1000 S0228 2045 1 Ml* City S0T71 1450 VH740 1410 Anstarton S0025
        1,181 words
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      Page 30 Advertisements Column 1
      1176 30 ~1 1 I wmi nil iiaf y wssa wr ma mm u om «j m aa ok m Ins an I I I r|inni|iMiiTiiMiiww ■■mlint Vl*|T| 'Vii m/ii M/n m/ii m/n m/n mjn «7n wn «7m m/ii «auwM |mm|ii/h| n/%\ m/m w/ii ii/ii I u/m I iW| cwwuh rm u/n
      1,176 words
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      Page 30 Advertisements Column 2
      281 30 Lines and services represented by Members of the Registry of Accredtted J Shipping Agents, Singapore National VaEjJJJ Shipping Association. \*sy for adverting enquiries, contact Shipping Times: m re/ 740-2089 i i i To crack the safe or enter .j Mrs crystal ball, „.,i J/jgP 3?L at 30 cents a minute.
      281 words
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      Page 31 Advertisements Column 1
      1253 31 1 PACIFIC SOUTH WIST EXPtESS (MKfCT) rasa vot Isiba swn» lux lowloi Immlca m I hou Ihkl mm 1 nmanmma m 00/11 »/ii »/ii I wii I 20/11 »/ii 130/11 I 30/11 101/12 I 01/12 I 04/12 I fig ]4/|| —I i//H. 1 03/1? I os/12 I 01/12 07/12 I
      1,253 words
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      Page 31 Advertisements Column 2
      1185 31 II HANJIN SHIPPING i I I USA |«m g m imhaia |g* |m| M I O, |in m ios \m |t|ai lifm Im Iml m lin z:.„ g—r'" *H /n n/n /if n l«/n —wrg— I u w» ""iy/iT" "iiTir"" 14/11 is/11 "iyii~ liT u7» —iiTii K JN to c
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      821 32 «ssa W Ml IW HT lill tin PJtfUUK SM MB UO IYO SHI XOK MAC ottsooi Eirtfss ?s/?4? it/io ~w7iF it/io n/io 11/11 14/1 W "n7fi mTTT "WiT MttHMM \jjm ?l/10 If/10 11/10 75/10 74/10 It/11 13/11 11/11 70/11 31/11 luwwsHtfaomss ~?gftr~|yir 77/10 ?t/io w/io it/ii li/TT~ ?Pir "ii/ir I
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      Page 32 Advertisements Column 2
      1395 32 I NORASIA VESSEL VOY MN ALQ LAS BCL VAL NAM ME NOT ANT FEL LHA SI VALUE S44W Mil 2*ll 2*ll o*l2 6*12 M/ 12 «Vl2 M/ 12 Mil M/ 12 tint MSCCLAUOM 9644-3 MM *7/11 02/12 o*l2 ivi2 «M 2 SEA ENOEAVOUR 54SW 17/11 o*l2 M/ 12 o*l2 I*l2
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      Page 32 Advertisements Column 3
      627 32 *1 JAPAN/HONGKONG/STRAITS REGULAR LOADING FOR PORT KLANO/PENANO VESSEL »0Y SPORE PBUOAM6 |FM PEN I chezmous T~ mn jggg gNNTU 1 MPT H MOV HAMBAM II »U> WfT i*THXMt* n mwm 11 wry Tm swwruNO i UNOV 14 MOV WW UK 3 I 11 MOV luwSISl EASTERN HERO a 1?MOV ItMOV
      627 words
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      972 33 few mm STRAITS SHIPPING PTE LTD 10 Hoe Cil,M l Road *11-01 Kappal Towers HUB Si*|apor« 0208 Tal: *****88 Fax: *****17 new ouiwia pachic une SINGAPORE Axjggp (A SERVICE OF CHfrIA NAVIGATION (50) OTUUTSSWR VKW In Port 11 No* Mora Labaan AMa Uaatafci. CARAKAjNM-22 VKI4E 14 Nov ISNev Kata KMM,
      972 words
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      Page 33 Advertisements Column 2
      1853 33 R&O P&o containers (Singapore Agencies) Pte Ltd c r> Y. JJfjLr 10 Hoc Chian Ro d #07 I 1 Tower*, Singapore 0208 rirst Class Connections WORLDWIDE Te,: 225 2233 Te| RS ***** pnocsp f.* 225 5327/222 7517 CR Number *****9 *****/ IMPORT VESSEL VOY +*6 9n SOU ANT MOT HAM
      1,853 words
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      Page 33 Advertisements Column 3
      582 33 owouwd m pa joh sin m m bi kk tok ttk hac im osk moj pus WAN HAJ 218 Ml 9 0411 o*ll 00,11 M PORT W1 IMI 17m IWII 25/11 23/11 22/11 22/11 WAN HAI 228 Ml 3 MM 00/11 11/11 12-13/11 I*ll 11/11 2*ll 22/11 2*ll 27/11 21/11
      582 words
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      1110 34 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP ROM ANW HBO THP LHV LHV THP RDM ANW HBG MIL SGP i. RESULT RW-OOS 11/11 1/12 2/12 3/12 5/12 1/12 I. GENTLE RE 050 IS/10 11/10 10/10 10/10 20/10 13/11 15/11 E. ROYAL RW-023 10/11 0/12 0/12 10/12 12/12 13/12 E. GREET RE-061 22/10 23/10 24/10 2VIO
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      Page 34 Advertisements Column 2
      804 34 PERSIAN GULF SERVICE WM& Mr MP M MM 35 MN HTT MB UM ONWARD 0373-91 fw I*ll Mil 01/12 MM o*l* o*l2 OCI2 UNI CHART MM are* an Mil Mi? on: o*l2 on? »T2 UNCROWN *****29W OM2 12/12 IVU IVI2 I*l2 10/12 1«,T2 fFTIULIA 0379-005W o*l2 I*ll Mil VM 2*12
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      Page 34 Advertisements Column 3
      699 34 ■^^^wSSnSoMAMNTSoSISI^SpTCUBy U TEL: *****33 (12 LINES) FAX: *****19/*****03 TELEX: RS ***** RiSHIP (3 Una*) CR MO: **********0E a ETHIOPIAN SHIPPING UNEfc (Nadoad Ltaa of Ethiopia) ACCEPTING FCL AND CONVENTIONAL ETA Loading for l~ Sport 40WB 10/12 AndVW 42W8 ISA>I MombMß, OjfcouC Assab. Massawa H KIEN HUNG LINE i FULLY CONTAINERISED
      699 words
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      2734 35 CARGO TO VAIWA, ODESSA AW CONSTAWZA VIA UMASSOI Gmril Aftnlt: Til (GlUrll) Mint Altacr Dtp! CO STAR SHIPPING PTE LTD Fit: Itimill: 111 1111 Ctitilmr 4H5141/144 Cltllliir Ik-M WWII; Ofinllii Clitiinir *****11 j IS Din ton Wif 017-11 TllllilUt COS_HJF_ Clltllllllll *****51 J?/?.!!!!!!! CffMMIIMI: 4M74» 313 llli Tiwir i CM
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      Page 35 Advertisements Column 2
      646 35 /j& FAMOUS CONTAINER LINES JIBS 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) Weekly Sailing To UNITED KINGDOM SCOTLAND? Aberdeen UH»i And J v Leeds Birrhjngham Felixsfawe London^— CALL OUR FRIENDLY GROUP FAMOUS EUROPE GIRLS RAMLAH lIMAHI MOLLY *****33 P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH:
      646 words
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      Page 38 Advertisements Column 1
      1090 38 55iMaim—M VESSEL VOY «W JKT WMft VOY StN PEN VOY SM BKK 0000 ***r 21S Frt 10/11 Tua 14/11 5521 Ig M 1 AKABHUM 227S Sat 11/11 Ti— 14/n CHU TIAN 5900 Mon 13/11 Thu 16/11 VANTRA BHUM 110N Jhu joPt_ 12/11 HAWA BHUM i£r IS~ lim" OURU BHUM 5156
      1,090 words
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      Page 38 Advertisements Column 2
      1052 38 70 ANSON ROAD, #21-01, SINGAPORE 0207 CR **********0N STRAITS SHUTTLE SERVICE PORT KLANQ PENANQ Kttß- V°Y SIM PKL VESStL VOY SMI FBI S£A LAUREL 431N 09/11 THU 1(V11 FRI DRAGON NIAS 66N 14/11 TUE 1&11 THU EAGLE BREEZE 221 A 09/11 THU 11/11 SAT SUSAK ***** 16/11 THU IS/11 SAT
      1,052 words
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      708 39 r M MYANMA PfeMflk FIVE STAR UNE wT (Mywaor Natioaal Um) lowliag for Ym|«r (Roafooa) wsft VOT M m HH rw J— a» jw at H"YA 140W 19-20/11 ■AUTSIA AGWTfc KMSTIAO SMPPMO AMMOtS *UL TIL 02-03-*****00 Kb Ttt 02-03-37M101 fttt m 02-04-*****02 POD: TH 02-07-*****21/4 M BANK LINE (A sorvk*
      708 words
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      Page 39 Advertisements Column 2
      1150 39 ADVANCE CONTAINER LINES (PTE) LTD AP I 140 Cadi Street, #12-00, PIL Building, Singapore 0100 Lz TEL. *****21, FAX *****19, TELEX RS ***** ACLPL Cfl MO. **********0E *%nmm iamita <i I (2 S*ltl*otAN*k) vaaaat w I sat viwa I vor I ow I jg an HTTft HKAT mM7 I n/n
      1,150 words
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      Page 39 Advertisements Column 3
      864 39 **********0Z [vessels var m lehwwe iiamburo thambspout botteroam antvwerp ~1 VILE 0€ LYRA YIIW 10/11 2*ll 3«V11 02M2 03-12 08/12 < VH-E PC VELA VI tW 14/11 08/12 08/12 OS/12 o*l2 IVtt VLLEDECAPELLA TI2W 23/11 14/12 IVI2 17/12 Wl2 20/12 VHEOEUBRA LI2W 2*ll 19/12 20/12 2V12 a/12 ALSO ACCEPTING CARGO
      864 words
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      Page 40 Advertisements Column 1
      569 40 AG SINO IXPRIBS SHIPPING fPTI) LTD. V W M I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE 0104. TEL: *****90 (4 LINES) FAX: *****06 TLX: R*****1 SINOEX SINOTRANt SHANOHAI (CONTAINER SERVICE) BIN/HKQ/3HAI STORE HKQ SHAi VESSEL VOY ETA I ETP ETA I ETP ETA FTP -1Z1M25 9547/9548 IQO] 11/11 16/11
      569 words
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      Page 40 Advertisements Column 2
      510 40 s£s£hsr IASIA HKG/TWH/BKKI GENOA/EUROPE I PEN PKL SIN DAILY RECEIVING G bum/T !S« 2L 12/11 13/11 14/11 HKG/BKK/KEE/KHH 52! ??2 ?2 15/11 16/11 17/11 HKG/BKK/KEE/KHH 32 JJ2 I 19/11 20/11 21/11 HKOBKK/KEE/KHH ]y\] Hfl] 12/11 13/11 14/11 SHANGHAI/DALIAN JPM/KOREA/MANILA XIAMEN/BEUING m r— Tokya/Osa/Yoto 17/11 is/11 19/11 j AUSTRALIA/NEW ZEALAND iam
      510 words
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      Page 40 Advertisements Column 3
      122 40 DRAFT-CARGO WW I £fr(S)PTELTD rr—feuimn. V. 3 ICO MMKARACHI S ICOOfcNa/ CAlOniArC/ Kmtul- /CWTTAGONG SIWVI a y CALL: 222 9090 (12 UNES) MARKETING: 222 6835 NVOCC CONSOLIDATION ICL SERVICES Our Customer's Satisfaction a Our Reputation GEMARTRAHS TM.WCLYa«MCgTONOCMIi«IMM -Ibi Z, I En H%r— MM MM 147* IS/11 14/11 am 9964 19/11
      122 words
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      Page 40 Advertisements Column 4
      218 40 iff MFL SHIPPING (INT'L) SSSS PTE LTD SUBSIDIARY OF HAI SUN HUP GROUP FCULCL CONSOLIDATION SERVICES 1 HOT UNES; *****42/345 ACOPTM6 CAMOB TO RJROPI MSI PORTS/STDNTr/MOIOUMI AUO ACCPTMC KLIO WA POCTS AND OOSS-MMfX SOVKi a TO MEXICO AW CANADA VESSEL VOY ETA (SIN) CONCOKDU 005S "14/11 LEIXOB 01SS 23/11 VESSEL
      218 words
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      Page 41 Advertisements Column 1
      169 41 gmmUPM KRIS Shipping he Ltd 7MDUXTOM ROAD, $Wm*****9 W: *****76 Fox: *****77 a no. l<n IKUCMMOI I WWII Vissa VOT ETDSTOtf VISStt VOY ETDSTOM KHSMAMJU tSIS 10.11.W5 jJJJK' W.JI.WS lUNGA KEMUNING 1537 *****99$ 9545 17.11.1995 lUNGA KEMUNING 9539 111 ***** "RMHU*****7 25.11.1995 KMSMADUtA 9517 23.11.1995 IMUABAI BUNGAIUTANG 9549 24.11.1995 I
      169 words
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      Page 41 Advertisements Column 2
      76 41 NIPPON EXPRESS (Wortdwido Consolidation System) FIXED WEEKLY DEPARTURE ARRIVAL TO Arrow U.SJL IRinßfl ETDSINGAPORE EVHtY MONDAY ETA LONG BEAO4 IVBPT THURSDAY fUCNKAGO EVHTY TUESDAY Arrow Europe (17 DAYS TRANSIT ONLY) ■K9THTRWSB etds-pore ■UifiiiiMyfli EVERY SATURDAY ETA FHJXSTOW! EVHtY TUESDAY ■TfTTTTffH ETD STORE EVERY THURSDAY ETA ROTTERDAM EVERY SUNDAY Also accepting
      76 words
  • Page 41 Miscellaneous
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      126 41 I j^ll^ LEGEND: Thunderstorm Temperature •<, A V Show* Weother Wind direction with speed in knots Roin Cloudy Sky Wov S«rfoc« winds or* indicated by arrow* which tty with the wind Qj On• Ml arete represents ccrim or light and vonobie winds I One half Heche represents 5 knots L—One
      126 words
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      Page 42 Advertisements Column 1
      158 42 P! JARDINE SHIPBROKERS MH A CAREER IN SHIPBROKM Jardine Shipbrokers is a wholly-owned subsidiary of the Jardine jgjl Matheson Group which is one of the largest conglomerates in the Asia Pacific region. In our strive to expand our operations, we are i||| presently inviting dynamic individuals to join us immediately
      158 words