The Business Times, 22 August 1996

Microfilm: NL20626
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, AUGUST 22,1996 85c
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  • Article
    MARKET SUMMARY
    65 1 SB 2158J0(+31.79) BTOMP 2125.47 (+24.75) PI BT-MGA U 1010.73 (+22.64) gp MARKET MOOD; 8WCK MAHET DOHCES Wednesday Chumr KLSE COMP *****2.......+17.38 NIKKEI *****.02. +148.81 HANG SENG *****.50 +***** SET INDEX 1095.08 +23.82 JAKARTA COMP -542JM +t» MANILA COMP 3111.58 +20.87 TAIPEI WP1 <177.78 +120.34 SEOUL COMP 780.12 -4.79
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  • Article
    FINANCE
    72 1 EXCHANGE li list !ta US9 SS 1 41J 1 546#1X4 DM „.0.«73 0.960 im 1.308 HI ....•Ml 0367 UKJ _.».1». 0.183 BAHT -..#.040._. §056 BUPIAH 100.... _§.04i .0.010 PUKE BATES SINGAPORE* .144 KUALA LUMPUR AM JAKARTA 18.00 BANGKOK 1175 MANILA 14.56 HONGKONG A75 TAIPEI AM SYDNEY 10.75 TOKYO 1M
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  • Article, Illustration
    Lock icon Slowdown fears over electronics overstated: MAS
    433 1  -  Pick-up in US new orders for electronics products suggests bottoming out by' 97 By< Anna Teo [SINGAPORE] Concerns about a severe economic slowdown in Singapore triggered by a collapse in global electronics demand are overstated, says the Monetary Authority of Singapore. The current slowdown
    ALLAN  -  433 words
  • Article, Illustration
    Lock icon VDH gives $225,000 to sponsor soccer team
    185 1 [SINGAPORE] Van der Horst has become the first listed company to sponsor a soccer team in Singapore by donating $225,000 to Balestier Central Football Club. "There comes a time in the evolution of an organisation when a concerted effort must be made to
    ARTHUR LEE  -  185 words
  • Article
    Sinar Mas offer 60% higher than nearest rival Suntec
    499 1  -  Amcoj By Tan Sai Siong [SINGAPORE] Sinar Mas Tunggal's second offer for Amcol Holdings was almost 60 per cent above the nearest rival rescue package put in by the Suntec consortium. But had it not been for a last-minute hitch among
    499 words
  • Article
    Latest land sales get wary bids
    443 1  -  Bids show leasehold landed housing sorely out of favour By) Michelle Low [SINGAPORE] The latest government land sale of two choice residential sites has thrown up generally wary bids from developers, and a clear signal that leasehold landed housing remains sorely out of favour.
    443 words
  • Article
    Buoyant sentiment sends STII up 32 to 2,155
    242 1  -  By\ R Sivanithy [SINGAPORE] Sentiment in the local stock market, which showed signs of improvement on Tuesday, continued to be buoyant yesterday with the Straits Times Industrials Index regaining the 2,150 mark in convincing fashion. After a fairly active session in which
    242 words
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      Page 1 Advertisements Column 1
      158 1 DfSPB ■anratfi back The 1906 Quattroporte, or the Quat to its friends, is cme of Maaerati's new and improved supercars to tempt the monied masses. The sweetest-sounding car around, it's all set to raise die hair on your back, P|M NEWSVALOE withal Mtlm attract eaatimi bids, thispg. Residential market easing
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      Page 1 Advertisements Column 2
      8 1 No Cleopatra's dowry but good enough, Pg 15
      8 words
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      Page 1 Advertisements Column 3
      74 1 More reports, Pg 2 y-'"' fIPHQP^ m^r SOT m flBH^ m m flr m f m m am K Wr* k m m m J 6t/*/V In mml V I Automatic chronograph movement. 18 ct gold oscillating weight. B Pasha watches range from 554,080 m E SELLERS SINCE 1847' Curlier
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  • MAS ANNUAL REPORT 1996/96
    • Article, Illustration
      Lock icon Household indebtedness up sharply in recent years
      393 2  -  MAS concerned about rapid rise in ratio of indebtedness to disposable income By< Anna Teo THE ratio of household debt to disposable income has grown sharply in recent years, climbing to 96 per cent by the first quarter this year, the Monetary Authority
      ALLAN  -  393 words
    • Article
      Balance of payments surplus hits $ 12.2b
      362 2  - Balance of payments surplus hits 12.2b By Vikram Khanna SINGAPORE'S balance of payments surplus rose to $12.2 billion in 1995, from $7.3 billion the previous year. The Monetary Authority of Singapore (MAS) noted that this increase mainly reflected a bigger surplus on the current account (trade plus services) and a
      362 words
    • Article, Illustration
      Recent rise in budget surpluses due cyclical factors: MAS
      299 2 THE recent rise in Singapore's overall budget surplus to an average of 8 per cent of GDP in 1993-95 from 6.2 per cent in 1992 "was due entirely to cyclical factors," according to the MAS Annual Report. Cyclical influences are typically
      299 words
    • Article, Illustration
      Foreign labour lifts growth potential
      585 2 Result annual growth of 8-10% without overheating, says MAS AN INCREASED inflow of foreign labour since 1992 has added 1.5 to 2 percentage points to the economy's indigenous growth potential, enabling it to grow 8-10 per cent a year without overheating, says the Monetary Authority
      585 words
    • Article, Illustration
      High savings today to finance social services tomorrow
      323 2 THE high savings rates and the associated external surpluses that Singapore enjoys today will help to finance social services when the country's population ages, the MAS points out. At 51 per cent of GDP, Singapore's savings rate today is the highest in
      323 words
    • Article
      Merchant banks' pre-tax profits for first-half rocket 83%
      411 2  -  Fund management industry also eqjoyed a rosy 1994 By\ Catherine Ong PRE-TAX profits for merchant banks in Singapore surged 83 per cent in the first half of the year to $315 million from $172 million in the same period in 1995. The
      411 words
    • Article
      Financial markets stay on the growth path
      535 2  -  By] Larry Wee THE Asian dollar market grew 15 per cent to U*****.5 billion (*****.1 billion) last year, double the 1994 growth rate of 8 per cent. Non-bank activities grew faster than interbank volumes, although the latter con tinues to make up the
      535 words
    • Article
      Domestic loans grew a healthy 18% in July
      190 2 BANKS' domestic loans to non-bank customers last month continued to grow at a healthy 18 per cent, the Monetary Authority of Singapore said at a press briefing for its 1995-96 annual report yesterday. This maintains the 18.2 per cent pace achieved in
      190 words
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  • FOCUS: PROPERTY
    • Article
      Lock icon Hong Leong eyes projects at airport railway stations
      353 4 SCMP [HONGKONG] Singaporebased Hong Leong Group hopes to increase its holdings in the Hongkong property market by bidding for projects at stations on the new airport railway. Gan Khai Choon, managing director of the group's subsidiary, Hong Leong International (Hongkong), said it
      SCMP  -  353 words
    • Article
      Tampines HDB resale flat deals down 20-25%
      505 4  -  Impact of market slowdown on estate has been stronger, say agents By, Abdul Hadhi [SINGAPORE) TR A N S A C TION volume for HDB resale flats in former property hotspot Tampines has fallen 20-25 per cent since the government's anti-speculation measures were
      505 words
    • Article, Illustration
      Ong Beng Seng buys 50% of Phuket hotel
      591 4  -  Hotelier pays USs42m for stake in Le Meridien From Loh Hui Yin in Bangkok HIGH-PROFILE Singapore businessman Ong Beng Seng has struck again in Thailand, this time with a U5542.5 million (5559.9 million) deal which gives him a half share in Phuket's
      591 words
    • Article
      House Hunt
      506 4 HDB transactions from July 22, 1996. TYPE/ POSTAL CONTRACT BJLTHN PMX psr LOCATION DISTRICT DATE (SOFT) UNfT <s$txx» (S$) 3-Room (New Generation) Bedok Nth Ave 3 1646 09/08/96 742 200 270 Clementi Ave 3 512 15/08/96 893 300 336 Clementi West St 1 512 01/08/96 742 170 229
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      155 4 7.25% -9% NET RENTAL GUARANTEE lljj COAST FREEHOLP WATERFRONT (HOUSE LAND! from AS2<>qnoo r f OTHER PROPERTIES FROM A.CI m«MI COMPARE THE DIFFERENCE SEE THE INVESTMENT OPPORTUNITY t ■—U————i JM SIDLEE DISPLAY CENTRE Frl 23 Aug, Sat 24 Aug Sun 25 Aug 96. 11AM TO 7PM 402 Orchard Road #02-06,
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      Page 4 Advertisements Column 2
      122 4 JO^CHIATft 3 285 ifiß 2-Storey Conservation Shophouses Combined Land Area: Approx. 6,602 sq. ft. 9m Approx. Gross Roor Area 10,154 sq. ft. *\2" L 1 DQP Plot Ratio Of 3.0, Up To 4 Storeys YoV® DQP Zone Commercial fooo \S^ Freehold/Selling With Vacant Possession cwrnn Tender Closes: 16th September '96
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      Page 4 Advertisements Column 3
      37 4 Raffles Place Location 2,358 sq ft Suit Owner Occupier/Investor Motivated Vendor Amara Hotel, Ballroom 2, Level 3 22 Aug 1996, Thursday, 2.30 pm Contact Sob Marketing Agents JLW Commercial Dept. Terri Lee or Stuart Roberts SINGAPORE BUSINESS
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Japan medical instruments firm to invest $15m here
      175 5 SHIMADZU, Japan's leading maker of sophisticated medical instruments, win invest $15 million in Singapore over the next five years to transfer research and development (R&D) on its products for the Asia-Pacific outside Japan. It launched today its first product for the Asia-Pacific
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    • NEWS Roundup
      • Article
        MOU for $10m cancer centre signed
        75 5 GOH Cheng Liang, chairman ofWuthelam Holdings and Liang Court Holdings, yesterday signed a memorandum of understanding with the Ministry of Health to donate $10 million for the building of a cancer centre at the Singapore General Hospital. The centre will be known as the
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      • Article
        Causeway emergency exercise held
        33 5 SINGAPORE and Malaysia last night held a four-hour exercise to test a recently developed emergency response plan to deal with accidents involving transport of hazardous materials through the Causeway.
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      • Article
        Four local trees on new stamps
        40 5 THE Singapore Philatelic Bureau, with the sponsorship of Hongkongßank, will release a stamp issue depicting four native trees in recognition of the importance of trees. The stamps will go mi sale on Sep 11.
        40 words
    • Article
      Regional competition is here to stay: Cheow Tong
      292 5  -  Challenge for S'pore is to keep workforce competitive through skills upgrading From Ven Sreenivasan inJohorßaru REGIONAL competition is here to stay and the only way Singapore will be able to maintain an edge over its rivals is by delivering higher value added
      292 words
    • Article, Illustration
      Lock icon Sogo upgrading its Singapore stores
      451 5  -  By, Jenny Lam JAPANESE retailer Sogo is upgrading its stores in Singapore, starting with a revamp of its Raffles City flagship outlet estimated to cost at least $15 million. Its branch in DBS Tampines Centre will also be overhauled, said a company spokesman. Sources told
      ARTHUR LEE  -  451 words
    • Article
      Overseas CPF members can apply for ST2
      284 5 SINGAPOREAN CPF members who are eligible for Singapore Telecom's second tranche of shares (ST2) but are overseas during the offer period can still apply. The government is offering adult Singaporeans 500 shares at $2.50 apiece. The offer closes on Sep 13, and the
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    • Article
      Firm to launch interactive phone-based health service
      171 5 A HOMEGROWN medical company, Tele-Medical Services, win launch Asia's first interactive phone-based emergency and preventive healthcare service in Singapore. The service, which is costing $100 mUlion to start up, wiU be available in October. It allows subscribers to monitor their health from home.
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      170 5 THE Finest Scotch Whisky The Lims used to a computer network was a complicated thing that costs lots of money.; I Now they just think it's complicated. HMPv?r '±> f The Lim brothers attempt to understand what goes on a r' "f. Jt pw I** H computer network. Hie way
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  • SOUTH-EAST ASIA
    • Article
      Parliament passes budget after extended session
      431 6  -  BANGKOK Banharn govt now faces a more critical test the constitutional amendment bill By. Loh Hui Yin PARLIAMENT passed Thailand's 984 billion baht (5554.9 billion) budget for the year 1996/97 early yesterday morning, after an extended session which saw the government come under Opposition
      431 words
    • Article, Illustration
      Lock icon Keeping the flag flying
      73 6 [KUALA LUMPUR] A man building a six by four metre replica of the Malaysian flag using 365,000 Lego pieces at a shopping mall here yesterday. The project, which began on Aug 1 and is scheduled to be completed on Aug 31, the country's National Day, is
      AFP  -  73 words
    • Article
      Lock icon US reconsiders F-16 jet sale to Indonesia
      450 6 WASHINGTON Administration faces pressure to delay or cancel deal due to political crackdown NYT Reuter THE Clinton administration, which has agreed to sell Indonesia at least nine F-16 fighter jets, is now debating whether to delay or cancel the sale as a response
      NYT; Reuter  -  450 words
    • Article
      Lock icon Skills a big problem in services sector: Bank Negara
      188 6 KUALA LUMPUR AFP LABOUR constraints and access to export markets are among major problems faced by companies involved in Malaysia's services industry, said a Bank Negara report released yesterday. The central bank said a survey of 358 companies showed 87 per
      AFP  -  188 words
    • Article
      Lock icon Mahathir insists on Tenaga compensation for consumers
      374 6 ■KUALA LUMPUR AFP Reuter MALAYSIAN Premier Mahathir Mohamad yesterday maintained that listed power utility Tenaga Nasional Bhd should compensate consumers for a power cut earlier this month but the power giant said it was not liable for any losses. Dr Mahathir said Tenaga
      AFP; Reuter  -  374 words
    • Article
      Lock icon Work at 9 sites of KL's LRT system ordered to be stopped
      354 6 KUALA LUMPUR NST THE Department of Occupational Safety and Health (Dosh) has issued a stop-work order at all nine work sites of the MJ4.5 billion (552.5 billion) Light Rail Transit System II in Petaling Jaya and Jalan Ampang
      NST  -  354 words
    • NOTE Book
      • Article
        Lock icon Trade plans from 14 Ages nations so far
        92 6 AFP [DAVAO, Philippines] Edsel Custodk). head of the Philippine delegation to an Apec meeting here for senior officials, said yesterday that 14 ofthe 18 Apec members had submitted improved action plans for the grouping's liberalisation goals. The rest, including the Philippines, the
        AFP  -  92 words
      • Article
        Lock icon Suu Kyi's party members
        66 6 AFP [BANGKOK! At least 11 members of Myanmar opposition leader Aung San Suu Kyi's National League for Democracy (NLD) have been sentenced to seven yean in jail by the country's authorities, an NLD somrce said by telephone from Yangon yesterday. The NLD members were detained in
        AFP  -  66 words
      • Article
        Lock icon Manila sees export growth continuing
        77 6 AFP [MANILA] The Philippines expects to sustain its 20 per cent annual export growth despite a general slowdown in Asian exports, Trade Secretary Cesar Bautista said yesterday. Philippine exports grew 26 per cent yeer-on-year in the three months to March, outstripping growth in South Korea,
        AFP  -  77 words
      • Article
        Lock icon Philippine farm production up 3.8%
        54 6 Bioomberg Business News (MANILA] Philippine President Fidel Ramos said yesterday that agriculture production grow SJS per cent year-on-year in the first half. Mr Ramos, reading from a report by the Departments Agriculture, said the recovery was fuelled by improvements in the output ofunmilled rice, corn
        Bioomberg Business News  -  54 words
      • Article
        Lock icon Flood leads to avacuation in Hanoi
        55 6 Reuter [HANOI] Hundreds of residents evacuated their flooded homes in Hanoi yesterday as waters in Vietnam's Red River roee to their most dangerous levels in years. According to preliminary estimates, more than 106,000 hectares of rice fields hare been flooded. Damage to property was
        Reuter  -  55 words
      • Article
        Lock icon Phllippine VP is people's choice
        61 6 AFP [MANILA] Vice-President Joeeph Estrada is the people's choice to succeed President Fidel Ramos in 1988, a national survey showed yesterday. Thirty-one per cent of 1,200 survey respondents picked "Rrap" Estrada when asked who would be "the best to become President of the country in
        AFP  -  61 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      104 6 Our optional extras come as standard. I €JecJron/c, fypewrifc*; I H Lounge* Cfi'r&f- H I I Hi i v H Service.-ha**/ from fizrSzAaJ M'deo SyzMm Free, /ZJohi/c- PPuone. am/ one. Gufoaeaji rf/r/oorf- (wept fraxkfuri-) H (Plus a free Dhs 500 Dubai Duty-free voucher.) On Emirates First and Business Class to
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  • CHINA – HONGKONG – TAIWAN
    • Article
      Lock icon Largest US trade gap after 2000 may be with China
      600 7 WASHINGTON Growing US-China deficit exceeded that of Japan for the first time in Jane Bloomberg Business News Reuter THE growing US-China trade deficit finally exceeded that of Japan for the month of June, a milestone that signals the largest US
      Bloomberg Business News; Reuter  -  600 words
    • Article
      Lock icon China to invest more than 300b yuan in Pudong zone
      304 7 SHANGHAI -AFP, Reuter CHINA plans to invest more than 300 billion yuan (Ssso billion) in Shanghai's Pudong New Area development zone in the five-year period which began this year, a Pudong spokesman said yesterday. The amount far outstrips the 80
      -AFP,; Reuter  -  304 words
    • Article
      Lock icon Hopes up as industrial output rises 1.7%
      331 7 TAIPEI Reuter TAIWAN'S economy showed signs of coming to life in July with a rebound in industrial output after two monthly declines, economists said yesterday. The year-on-year rise of 1.71 per cent, disclosed by the economics ministry, raised the possibility that even the
      Reuter  -  331 words
    • Article, Illustration
      Making space for Li Peng
      708 7  -  CHUT A WATCH Proposalfor Jiang to be party chairman is to allow Zil to be general secretary Lu Ning WHEN former US president Ronald Reagan dismissed Alexander Haig, the US secretary of state was described in the Western press as being "fired". But when China's
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    • Article
      Lock icon Shares surge on shipping deal with China
      446 7 TAIPEI Market nnfazed by storm brewing over Lien's Ukraine trip Reuter AFP THE Taiwan stock market brushed aside a new political storm brewing between China and Taiwan over the visit to Ukraine by Taiwanese VicePresident Lien Chan, powering ahead instead on news of
      Reuter; AFP  -  446 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      68 7 Certificate of Incorporation is issued For further information with company name in Chinese and immediate service characters pUase contact Michael J Kingston Corporate documents notarised or OFFSHORE authenticated by the Embassy of the CORPORATE SERVICES People's Republic of China 24 RafT,cs Pla cc #26-05 Clifford Centre English translation of all
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      Page 7 Advertisements Column 2
      186 7 Sum Ii Stock Reduction Sale. j Reman CVabix iV T 3 really hit the floor. fteJoudi (Cetm 6k IYT Prom %TOO ftj j fc Oid Turkoman +xoFT rrom *600 J e 7*K3TT rtom>2*» T O. r I Pk rnccsor these tone carpets |j j :HH from Iran, India, Afghanistan MB
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  • ASIA
    • Article, Illustration
      Lock icon Tough budget sending interest rates down
      528 8 CANBERRA SAP affirms Aussie foreign currency ratings; A$ and bonds soar on news THE Australian government yesterday began to reap the rewards of its tough budget strategy as signs emerged that interest rates were heading down. The influential Standard and Poor's (S&P) ratings agency
      AFP; Source: Bloomberg  -  528 words
    • Article
      Another Japanese financial institution bites the dust
      320 8  -  TOKYO By Anthony Rowley JAPANESE consumer finance company Minami Kyushu Credit announced yesterday that it had filed for bankruptcy with debts of 108 billion yen (Ssl.4 billion). The firm is one of Japan's so-called non-bank financial institutions which as a group have an
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    • ASIA Notes
      • Article
        Lock icon Govt to boost reforms: Chidambaram
        71 8 AFP [NEW DELHI] Finance Minister P Chidambaram said yesterday India's coalition government, which took office on June 1, would step up the market reforms of 1991 and usher in transparency. "The new government is committed to openness and transparency," Mr Chidambaram told foreign journalists here.
        AFP  -  71 words
      • Article
        Lock icon New Delhi meet to woo FDI
        71 8 Reuter [NEW DELHI] India will host a meeting of global industrialists in New Delhi in an effort to attract more foreign direct investments (FDI), Industry Minister Murasoli Maran said yesterday. The two-day meeting, "Destination India", will start on Sep 10. It is expected to
        Reuter  -  71 words
      • Article
        Lock icon India reaffirms anti-nuke commitment
        61 8 Reuter [BOMBAY] Indian Prime Minister H D Deve Gowda yesterday reaffirmed the country's commitment to nuclear disarmament. "We believe nuclear disarmament is vital for the future of humanity.. .However, till the goal is accepted by all, we cannot afford to subscribe to any goal that is
        Reuter  -  61 words
      • Article
        Lock icon Seoul declares war on campus activists
        37 8 AFP [SEOUL] South Korean President Kim Young Sam yesterday declared war on radical campus activists, accusing them of being pro-Pyongyang, as police questioned some 3,500 students detained for violent protests. —AFP
        AFP  -  37 words
      • Article
        Lock icon Dip in NZ July booming permits
        51 8 Bloomberg Business News [WELLINGTON] Preliminary figures show New Zealand's new housing permits in July fell 5.8 per cent from June, the government said, although they were 21.2 per cent higher than in July last year. The figures are adjusted to remove seasonal variations.—Bloomberg Business
        Bloomberg Business News  -  51 words
    • Article
      Rush into Samurai bonds accelerates
      723 8  -  TOKYO But analysts fear market could degenerate into arena for jnnk bonds By, Anthony Rowley IN what is a growing international "gold rush" into Japan's Samurai bond market, the Walt Disney Company has announced a 50 billion yen (*****.2 million) issue while US computer giant
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    • Article
      Lock icon Alan Bond said to have damaged Aussie name
      197 8 PERTH AFP AUSTRALIA's reputation among overseas investors has been damaged by failed entrepreneur Alan Bond, the former head of Australia's most senior corporate watchdog body said yesterday. "A lot of foreign investors were badly hurt by Bond Corporation," said Henry Bosch, retired
      AFP  -  197 words
    • Article
      Lock icon Iran, Pakistan in oil refinery deal
      227 8 TEHERAN Reuter IRAN said it signed on Tuesday a US$l.2 biUion (Ssl.7 billion) deal to buUd a joint oil refinery in Pakistan, appearing again to work around US moves to choke Teheran's oil industry. State-run Teheran radio said the oil refinery deal was signed
      Reuter  -  227 words
    • Article
      Lock icon Reforms leave Seoul with few tools to prop up ailing markets
      263 8 SEOUL AFP SOUTH Korea's economic deregulations aimed at helping it join the OECD have left it with few tools to prop up ailing financial markets, analysts said yesterday. Troubles are reported on stock and foreign exchange markets here, with
      AFP  -  263 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      231 8 American Express and GUCCI proud!} present or sr LAP CORPORATE PAC KAC E LET YOUR CLIENTS BE ONE OF THE FI RST TO ENJOYTHE WORLD PREMIERE IN SINGAPORE ON SEPTEMBER 12 A PRODUCTION THE LIKES OF WHICH SINGAPORE HAS NEVER SEEN BEFORE GOLD SPECIAL CORPORATE PROMOTIONAL PACKAGE PACKAGE 10 BEST
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      Page 8 Advertisements Column 2
      5 8 Pain spread around, Pg 10
      5 words
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  • THE WORLD
    • Article
      Lock icon Fed's gift to emerging markets
      363 9 NEW YORK Steady US interest rates help recovering emerging economies Reuter BY keeping US interest rates steady, the Federal Reserve gives an indirect boost to emerging market assets, which should see a continued inflow of foreign capital in search of higher yields, analysts say. The
      Reuter  -  363 words
    • Article
      National Semicon to lay off US workers
      182 9  -  SINGAPORE By. Poo-Cheong Wai Ming CHIP maker National Semiconductor plans to lay off 170 workers at its US headquarters. Josephine Lau, Hongkongbased marketing communications director of National Semiconductor, said in a telephone interview yesterday that the layoffs "are primarily out of Santa Clara
      182 words
    • Article
      Lock icon Markets rattled by Yeltsin's 'absence'
      134 9 MOSCOW Reuter ANXIETY over President Boris Yeltsin's health and a possible upsurge of violence in Chechnya unsettled Russian markets yesterday, but analysts said the impact was muted, with investors used to volatility in Russia. "Everybody is concerned about it. Western investors are very concerned but
      Reuter  -  134 words
    • Article, Illustration
      Lock icon Passenger poser
      46 9 [HULL, England] A life-size papier-mache dummy sitting pretty on a train between Hull and Bridlington. The dummy is being placed on trains as part of a community arts project. Others will be placed standing or sitting on station platforms, from now till September. AFP
      AFP  -  46 words
    • Article
      Lock icon Banks warn of EMU damage to City
      209 9 LONDON FT NON-UK banks in London have warned the government that Britain's right to opt out of the European Monetary Union is damaging the City as a financial centre. In a letter to the UK Treasury yesterday, the Foreign Banks and Securities Houses
      FT  -  209 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      82 9 Chiistof/e Paris I i Bs J§fT 9B wM fifc B t K fl B k u. JBffM Sel et Poivre Piccolo: Ss2o7 With GST The Shopping Gallery, #02-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robinsons 176 Orchard Road, Level 4, Centrepoint, Singapore *****3.
      82 words
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      Page 9 Advertisements Column 2
      532 9 The 100-metre dash in 3 minutes, 47 seconds. Could this be a new world record? Incredible but true. Our latest inkjet produced this 360 dpi, and works brilliantly on plain paper too. i j H photographic quality colour print in under 4 minutes. Experience the Epson Stylus Color 500 soon.
      532 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Laos caught between Thai, Chinese lobbies
      700 10  -  OPINION THE BOTTOMLDVE By Harish Mehta The writer is a BT correspondent specialising in Indochinese affairs TALK of a new economic rivalry between Thailand and China to dominate Laos is making the rounds in Vientiane, the relaxed French colonial style capital of Laos. It
      700 words
    • Article
      IN OTHER WORDS
      130 10 'With the president flipping around more than a fish out of water, who knows where he will land? With all the flips and flops, it may soon be called the Waffle House.' Joe Knoflftibwg US Congressman on President Bill Clinton's policy changes. That's the problem with elitists.
      130 words
    • Article
      Philippines on road to recovery
      640 10 EDITORIAL NUR Misuari's meeting with Philippines President Fidel Ramos earlier this week signalled the end of a long and often bloody conflict The chairman of the rebel Moro National Liberation Front (MNLF) spoke only of the gains to the economy of Mindanao. In fact, the
      640 words
    • Article, Illustration
      Lock icon Pain spread around
      1047 10  -  Coalition's tough budget for Australia promises to reshape the economy hat threatens to cause deep social divisions By Peter Lynch The writer is a Sydney based journalist THE first Liberal Coalition budget in 14 years promised to reshape the economy of Australia and produced the kind of
      Source:  -  1,047 words
    • Article
      WHAT THE OTHERS SAY
      829 10 I SERVE as the chairman of South Africa's Truth and Reconciliation Commission, which is hearing and examining the atrocities that occurred during the apartheid era. I have spent months hearing the testimony of my fellow citizens about the most inhumane and cruel behaviour. The commission also
      829 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      30 10 DOOHESBURY By Garry Trudeau yj£%'vG&iuajuxn I 111 1 TELL )CU AOOUTKJAVS i m HAVE6ONB TO PARIS' 1J F-—-| i/MSOWy MERE TOO I E-MAILS. IMANIWVOU) T I UKXA£> HAVE SFPREP SlYl
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Deng — China's last action hero?
      673 11  - Deng China's last action hero? Latest Deng film to hit China's silver screen is on the leader as a young man in a guerilla war against Japan, reports willlam WILLIAM KAZER Reuter IN HOLLYWOOD, a car chase, high-tech stunts and a bit of romance may be the formula for a
      Reuter; REUTER  -  673 words
    • Article
      Lock icon Brainstorm in Britain this week
      544 11 DIVERSIONS High IQ society celebrating its 50th birthday Reuter [LONDON] More than 1,000 of some of the most intelligent people from around the world gathered in London this week to mark the 50th anniversary and update the public image of the high-IQ society Mensa. A
      Reuter  -  544 words
    • Article, Illustration
      A painter's ode to the moon
      896 12  -  ART Jolly Koh's latest exhibition in Singapore takes a fresh look at old subjects By) Ben Munroe JOLLY Koh's mesmeric oil paintings are the work of a great colourist and a deep thinker possessed by a strong vision. Technical brilliance combined with aesthetic unity
      896 words
    • Article, Illustration
      Lock icon A visual, quirky lake on printed words
      745 12  -  POETRY (fame's Favourite Colour is both fan and thought-provoking Yvonne Chew THERE is going to be an interesting poetry performance not reading at The Black Box this weekend. Junk the traditional notion of listening sedately to one solemn recitation after another. Instead, Ginnie's
      ARTHUR LEE  -  745 words
    • Article, Illustration
      Lock icon Bringing a new sparkle to Venice
      728 12 ART A US artist plans to install massive glass pieces in the city Reuter (SEATTLE] Nobody can accuse glass artist Dale Chihuly of thinking small. Since he discovered the art of glassblowing as a student in the *****, Chihuly has helped propel the medium
      Reuter; REUTER  -  728 words
    • Article, Illustration
      Maserati of class and fine breeding
      820 14  -  MOTORING The Quat boasts an awesome torque and an engine with the sweetest sound By i Christopher Tan AFTER what seemed like a one-way drive to the brink, Maserati is back. Last year, the Fiat conglomerate which now has the reins of every major
      820 words
    • Article, Illustration
      Interesting, though not quite Formula One
      203 14 GIORGETTO Giugiaros they're not, but some of the contestants in this year's Land Vehicle Design Contest had some interesting inventions nonetheless. This year's event drew a total of 50 teams from 10 secondary schools and 12 junior colleges to the finals, which was held
      203 words
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      Page 11 Advertisements Column 1
      151 11 SPECIALISTS IN THE ART OF FINE WINE COLLECTING AND CELLARING IV i «ywvN>%v«^ lit Mf TMI •>f all! j^yfrffP| j Jmßfe ,SD &g*M ffqtflj w Cfiateau Petrus The King of Pomerol one of Bordeaux's most celebrated and monumental red wines. The exceptional concentration, bouquet and richness is the signature of
      151 words
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      Page 12 Advertisements Column 1
      93 12 nms^ppßun I rrrmmnn 1^ PLAN YOUR OWN MENU *k i T\J Choose what you like to suit your pocket. This saying is obvioiv at Siamese Fins Restaurants for this month. For a mere 9s3B++ fori i lunch per person and Ss4B++ for dinner, you can select Shark soup, Sauteed Web,
      93 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      142 12 THE WEATHER Showers in the morning and early afternoon. Temperature (30-25) aft Si 5K5 St B-(M 34*4 Aftn 1171 (Touch 211 B*« OoMjf B/ll Tmdtb 25 B«Nr »W TMn 80. **12 T*n 22? Bn-a 11/14 9mm* Ci»prti»i Jill CImK Hm« S-,y 51- 22 T£2 run !—v«pi ,r5. ss 9"® 1
      142 words
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      Page 13 Advertisements Column 1
      724 13 Singapore Business v \d Giving you the winning edge IBIT I N BEIE R Where to wine dine nTtc\ pntprtstn BnWr iO/*o of the most appreciated beer in the world vl-XllC. (UIU ClllCl /pM coffee bouse PORRIDGE TREATS FOR SUPPER ADULT $11.00+++ CHILD:: $7 00+ Ala-Carte Supper Menu Sunday to
      724 words
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      Page 13 Advertisements Column 2
      131 13 l**f»*r»«t f Hdlhf £j. ■■■■■ii Wb 1^ 9 I 4i imSf m FISH SHELLFISH LUNCH BUFFET 4 i AT TOP OF THE M KVOn^J^MmNT For reservations plea*e cod 831 6255/9 —1:^ «t M 355 Orcfen) Road. S««*porr *****7 T«t 75? 44»J J 1 Soup of the Day 1-31 August 1996
      131 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      825 13 TV&RAPIO WnmtHnm See Our Choice). Choice). 1 f,Uj inn pm Tho Winn 1030 News sTonight. 10.00 Hirari. 1m Mnni' ka 11-00 Baywatch Nights Just 11.00 TV Innovations. I 1 Pf w £S A,iI y^n! y MO o ey a Gigolo. LOO AM Close. M ,~A 2.00 Asian Property Report mjo
      825 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      275 13 CRYPTIC CROSSWORD 1 Curve of road around lake is an awkward climb 5 Cheese. English, divine taken in j——^ daily (7) 10 Cleopatra, female? No. quite the _flfl—_JlH__ opposite meaning! (7) I I 11 Travel unaccompanied from Ea- ——LhJ—^^ —l 12 Imperial remover?(s) 13 A bit of a rotten nuisance
      275 words
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      132 14 High above the clouds, j everything seems perfect the seat, the filet Bordeaux, the Mozart»6aftMl|^| I except you want to call homeS Just go ahead! Use our Skyphone. Our new Skyphone service allows you to reach over 200 countries throughout the world while flying. Just as simply and conveniently as
      132 words
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  • COMPANIES & MARKETS
    • Article
      Jurong Shipyard profit falls 31%
      500 15  -  CORPORATE RESULTS Interim earnings fall despite 25% rise in turnover; dividend halved to 3.75 cents By\ Rahita Elias [SINGAPORE] The weak marine market continues to take its toll on local shipyards, with Jurong Shipyard Ltd (JSL) yesterday announcing a 31 per cent fall in net
      500 words
    • Article
      Haw Par interim earnings fall 39%
      451 15  -  One-time dividend payont of $9m in 1995 has affected results By i Genevieve Cua [SINGAPOREJ A one-time dividend payout of $9.23 million last year weighed heavily on Haw Par Brothers International's interim results this year, and is likely to cast a pall over full
      451 words
    • Article
      Aztech shares drop 8% on $32.7 m loss
      318 15  -  By Jennifer Lien [SINGAPORE] Aztech Systems shares shed 7.8 per cent of their value yesterday in relatively heavy trading following Tuesday's announcement of a $32.7 million first-half loss. The counter fell five cents to an intra-day low of 46.5 cents, before recovering
      318 words
    • Article
      No Cleopatra's dowry bat Sinar Mas offer good enough
      746 15  -  HOCK LOCK SIEW Tan Sai Siong EVER since the Sinar Mas Tunggal rescue package was unveiled last Friday, there is a popular belief that Amcol Holdings shareholders will be paid $1.88 for each of their shares. But this, in fact, is
      746 words
    • Article, Illustration
      5.25-inch disk drives likely to succeed: Gigastorage Ml
      467 15  -  By< Jennifer Lien {SINGAPORE! There is "great opportunity" for 5.25-inch disk drives to succeed, says the chief executive of Gigastorage International (GSI), the French disk-drive maker partnering ma inboard listed Cam International to make hard disk drives in Penang. The company is
      467 words
    • REGIONAL COMPANIES
      • Article
        Bimantara earnings surge 48% to 64b rupiah
        402 16  -  Strong interim gain expected to restore foreign fond managers' faith From S N Vasuki in Jakarta INDONESIA'S PT Bimantara Citra a diversified company owned by President Suharto's son Bambang Trihatmodjo has reported a hefty 48 per cent jump in first-half net earnings to
        402 words
      • Article
        Seel registers 30% earnings rise on 29% turnover growth
        256 16 [SINGAPORE] Singapore Electronic Engineering Ltd (Seel) yesterday reported a 30 per cent surge in interim net earnings to $3 million, on the back of a 29 per cent growth in turnover to $59.7 million. Net earnings were boosted by rental and
        256 words
      • Article
        CityDev unit plans $210 m bond issue
        152 16 [SINGAPORE) City Developments Ltd subsidiary Banbury Holdings is planning to issue $210 million worth of secured fixed rate bonds to finance its purchase of New Tech Park, an industrial building at Lorong Chuan. Banbury, which was granted the option to acquire New Tech
        152 words
      • Article
        Lock icon Tan Chong shares rise on talk of separate listing
        124 16 Reuter [SINGAPORE] Malaysian over-the-counter stock Tan Chong Motor touched a year high of $2.71 yesterday on rumours that its Singapore branch could seek a separate listing in Singapore. Yesterday, Tan Chong Motor closed at $2.68, up nine cents. Tan Chong Motor
        Reuter  -  124 words
      • Article
        Lock icon Guthrie GTS denies takeover talk as share price soars
        285 16 Bloomberg Business News [SINGAPORE] Guthrie GTS Ltd shares surged 8.5 per cent yesterday on speculation of changes in the stakes of its major shareholders, traders said. The construction and engineering company said it does not know of any changes in its
        Bloomberg Business News  -  285 words
      • Article
        Lock icon Lippo Bank Ist half profit up 19%
        137 16 Bloomberg Business News [JAKARTA] PT Lippo Bank's net profit for the first six months rose 19.5 per cent as its interest income rose, the company said yesterday. Lippo Bank's net profit rose to 54.89 billion rupiah (Ss33 million), or 192 rupiah a share,
        Bloomberg Business News  -  137 words
      • Article, Illustration
        Lao Brewery on expansion path
        342 16  -  Thai majority-owned plant spends USsl2m to donble capacity By Harish Mehta [SINGAPORE] Laos' only brewery, owned by two Thai firms and a local partner, has invested US$l2 million (Ssl6 million) to raise its annual capacity from 10 million to 20 million litres this year. Lao
        342 words
      • Article
        Lock icon Co-operative KUB in listing move
        471 16 Kopenud Us&ha Bersatu in M $688 m asset-injection deal Bernama [LANGKAWI] Koperasi Usaha Bersatu Malaysia Bhd (KUB) yesterday signed an agreement to inject into Permodalan Perak Bhd (PPB) M 5688.5 million (Ss39o million) worth of assets. The assets include a 30 per cent equity in
        Bernama  -  471 words
      • Article
        Lock icon Golden Hope group pre-tax profit rises 10% to M$ 315.5m
        249 16 Bernama [KUALA LUMPUR] Golden Hope Plantation Bhd's group pre-tax profit for the year ended June 30, 1996, rose 10 per cent to M 5315.549 million (***** million) from M 5288.109 million in the previous corresponding period. Turnover for the group
        Bernama  -  249 words
      • Article
        Lock icon Indorayon eyes Riau Andalan assets
        139 16 Reuter [JAKARTA] Indonesia's PT Inti Indorayon Utama is considering acquiring the chemical assets of PT Riau Andalan Pulp and Paper and selling Indorayon's power plants to boost efficiency after a recent weak performance. "We are considering acquiring the chemical assets of Riau Andalan and selling
        Reuter  -  139 words
      • COMPANY Briefs
        • Article
          Tong Meng earnings dive 64%
          55 16 [SINGAPORE] Tong Meng Industries posted a 64 per cent drop in interim earnings to $496,000 from $1.4 million previously. Turnover stood at $2 million, down 10 per cent from $2.2 million. Earnings per share more than halved to 6.23 cents, while net tangible asset backing
          55 words
        • Article
          Eltech, Causeway, PCI in the dark
          70 16 [SINGAPORE] In response to a query from the Stock Exchange of Singapore, Eltech Electronics said yesterday that it was not aware of the cause for the high prices and high volume of its shares traded on Tuesday. At the same time, Causeway Investment Ltd
          70 words
        • Article
          Gold Peak's Lo named Clipsal director
          45 16 [SINGAPORE] Clipsal Industries yesterday announced it had appointed John Lo Slew Kiong as executive director. Dr Lo, 57, is a Hongkong resident. He is also executive director of Gold Peak Industries, Clipsal Industries' holding company based in the colony.
          45 words
        • Article
          Lock icon Khong Gnan to buy Sama World
          73 16 Bernama [KUALA LUMPUR] Khong Guan Holdings Malaysia Bhd, whose shares shot up by M 14.20 (512.37) to M 518.40 on Tuesday, is to acquire theme park operator Sama World Malaysia Sdn Bhd. No details were announced but the company, which asked for suspension of
          Bernama  -  73 words
        • Article
          Lock icon Pan Pao Asia targets JBP land
          66 16 Bernama [KUALA LUMPUR] Pan Pacific Asia Bhd said yesterday its acquisition of Johor Baru Prestige Sdn Bhd (JBP) for MslB million (Sslo million) was for the purpose of acquiring the 53,197 sq ft of land owned by the company in a prime location in
          Bernama  -  66 words
    • INTERNATIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon Chu Kong Shipping plana HK listing
          38 17 Bloomberg Business News [HONGKONG] Chu Kong Shipping Co Ltd, which operates a ferry service between China and Hongkong, plans to sell shares in Hongkong this year, Hongkong Economic Times reported.—Bloomberg Business News
          Bloomberg Business News  -  38 words
        • Article
          Lock icon Scott Paper paves way for sale with pact
          59 17 Bloomberg Business News [MISSISSAUGA, Ontario] Scott Paper Ltd said it reached a 10-year licensing agreement with its majority owner, Kimberly-Clark Corp, clearing the way for a sale of the Canadian paper maker. Kimberly-Clark planned to sell its 50.1 per cent stake in
          Bloomberg Business News  -  59 words
        • Article
          Lock icon Australls shares soar after news of deal
          66 17 Bloomberg Business News (SYDNEY] Shares in pay television operator Australis Media Ltd more than doubled in price on news of a proposed US$lO5 million (***** million) refinancing package with a group led by US cable television company Lenfest Communications Inc and Kerry Packer's
          Bloomberg Business News  -  66 words
      • Article
        Lock icon CS Holding disappoints analysts with 20% profit rise
        456 17 Bloomberg Business News [ZURICH] CS Holding, the parent of Credit Suisse and CS First Boston, said first-half earnings rose 20 per cent, as record profit at CS First Boston helped offset higher provisions for bad Swiss credit risks. Net profit rose to
        Bloomberg Business News  -  456 words
      • Article
        Lock icon Hi-tech companies chip in to support Java Fund
        223 17 USsloom to back start-ups developing Internet software using Java language Reuter [NEW YORK] Ten powerful high-technology companies are investing in a US$lOO million (Ssl4o million) venture fund to support start-ups developing Internet software using Java as a progamming language. The Wall Street
        Reuter  -  223 words
      • Article, Illustration
        Lock icon Sky's the limit for B Sky B?
        87 17 [LONDON] British Sky Broadcasting managing director Sam Chisholm leaning against a camera during a news conference here on Tuesday to announce that the group made pre tax profit of £257.4 million (*****.1 million) in the last 12 months to end June. BSkyß shares
        REUTER  -  87 words
      • Article
        Lock icon Netscape seeks anti-trust action against Microsoft
        275 17 Inducements offered to firms to cnt off Competitors, it r.laimg Reuter [PALO ALTO, California] Netscape Communications Corp's lead anti-trust lawyer has written to the US Department of Justice to urge that immediate action be taken against Microsoft Corp for what Netscape called "far-reaching anti-competi-tive
        Reuter  -  275 words
      • Article
        Lock icon NYSE seat sells for US$ l.l6m, below record
        120 17 Bloomberg Business News [NEW YORKJ A seat on the New York Stock Exchange sold for US$l.l6 million (551.64 million) on Tuesday, falling below the record US$l.45 million paid on May 7. Rising seat prices are usually associated with high-fly-ing markets. The stock
        Bloomberg Business News  -  120 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon European, Japanese banks set for accord to cut credit risks
        471 18 Pact drafted to let banks offset deposits with each other in any currency, if either should default FT [LONDON] European and Japanese banks are poised to slash billions of dollars from the credit risks they run up with each other
        FT  -  471 words
      • Article
        Lock icon Thailand moves to launch commodity futures by 1998
        230 18 It's likely to start by trading on rice and rubber contracts Reuter [BANGKOK] Thailand, a leading global food producer and exporter, this week took a step forward in its long delayed plan to establish its first commodity futures exchange by 1996. The
        Reuter  -  230 words
      • Article
        Fund managers to do their bit for charity
        273 18  -  By: Paul Leo [SINGAPORE] Fund manager will be doing their bit for charity at the inaugural Fund of the Year Awards to be held on Sep 5. Organisers The Business Times, Money World Asia and Standard Chartered Bank have hit on the
        273 words
      • SMALL Change
        • Article
          Lock icon Foreign banks help Philippine banking
          81 18 Bloomberg Business News Bangko Sentral ng Pilipinas governor Gabriel Singson said the entry of 10 new foreign banks in the past year has helped fuel the rapid expansion of the industry. He said the 10 new banks, including Development Bank of Singapore, had 9.9 billion
          Bloomberg Business News  -  81 words
        • Article
          Lock icon French smart-card maker boys US firm
          53 18 Bloomberg Business News [NEW YORK] In a transaction that could propel the use of smart cards in the US, France's Groupe Francois-Charles oberthur acquired Kirk Plastic of Los Angeles. Terms of the transaction between two of the world's biggest card makers weren't disclosed. Both
          Bloomberg Business News  -  53 words
        • Article
          Lock icon Chase, Wal-Mart to issue credit cards
          81 18 Bloomberg Business News (NEW YORK] Chase Manhattan Corp will issue credit cards in association with Wal-Mart Stores Inc, the largest retail chain in the US. It would be a "co-branded" card, issued and supported by banks like Chase and branded by companies like Wal-Mart.
          Bloomberg Business News  -  81 words
        • Article
          Lock icon New Japan Securities Europe fined
          47 18 Reuter [LONDON] Britain's Securities and Futures Authority said yesterday it had fined New Japan Securities Europe £10,000 (5521,830) for a senior manager's misconduct. The senior manager, Kikuo Watanabe, was expelled from the SFA's register of managers and from its register of representatives.—Reuter
          Reuter  -  47 words
        • Article
          Lock icon Sumitomo copper losses not discounted
          94 18 Reuter [OSAKA] Sumitomo group company presidents did not discuss the controversy over the massive losses in the copper market during their informal monthly meeting, Sumitomo Bank Ltd president Toshio Morikawa said yesterday. This was in sharp contrast to the July meeting, when Sumitomo Corp chairman
          Reuter  -  94 words
      • Article
        Lock icon Commonwealth Bank: record profit but outlook's cloudy
        410 18 Reuter [SYDNEY] Australia's largest home lender, Commonwealth Bank of Australia, reported a record annual profit yesterday but warned that the outlook was clouded by slowing economic growth, rising bad loans and costs. Commonwealth, which became fully privatised last month after the Australian government
        Reuter  -  410 words
      • Article
        DBS Asset Management launches information service on unit trusts
        357 18  -  Invest Screen also helps investors to find the right fond By i Conrad Raj [SINGAPORE] Investors here will, in the near future, be able to obtain timely, online information on unit trusts through the Internet. But, in the meantime, DBS Asset
        357 words
      • Article
        Lock icon Euroyen, Euros end steady
        217 18 SI M l!X Report Reuter [SINGAPORE) Simex Euroyen and Eurodollars futures were trapped in narrow range trade yesterday following an uninspiring Federal Reserve's decision overnight to leave rates steady. "There was no fresh news to trade on. The Fed's decision to leave rates unchanged was expected
        Reuter  -  217 words
      • Article
        Lock icon CURRENCY REPORT
        162 18 Reuter AFP London THE dollar was constrained in narrow ranges during a quiet session, with the market still hypnotised by the Bundesbank meeting today. A stronger-than-expected German business climate survey index took its toll on German rate cut expectations, and opinion is now divided as to whether the
        Reuter; AFP  -  162 words
      • Article
        Lock icon NY crude futures lower after API report
        309 18 ENERGY REPORT Bloomberg Business News [LONDON] New York crude futures were 10 US cents lower, after the American Petroleum Institute reported a rise in the nation's crude and heating oil supplies. "The API data were seen as a little negative for prices," said
        Bloomberg Business News  -  309 words
      • Article, Illustration
        Untitled
        1251 18 MTBRBAMK CROSS BATHS Aug21 ECU Ffr P» m MHtrnUk V Ww HONfcfa fm S$ —4 Sfr WT> HW 1087 0171 04M 4J» LIT* 481 ?IW ***** 0.858 6.478 1972 LW4 21.172 20.726 LIM 3407 0.953 ***** 20.027 0 512 0 791 Si™ 11 ®;*2 a ut 5*575 3496 L082 1629
        1,251 words
    • Article
      COMMODITY PRICES
      1616 19 S1C0M ruTurfS Ang2l RUBMR (Mm doit* 5 Mm rotCttTUCTtttewb/lD dost Votamo Opm HH» Low $«tt (ton—s) IwtfMl $5* «4.50 475 Oct WS.50 185.00 185.50 450 1970 *0* 187.00 186.00 187.00 400 2900 0*98 192.00 187.00 188.00 650 2800 >»«/»** 97 ***** 190.00 190.50 2250 7200 *rAta97 ***** 4800
      1,616 words
    • Article
      WORLD STOCK MARKETS
      2129 19 tOHMH »Ot «a«K Nuci A. A. Corp Adr 531/2 unch AB Ports 290 -11/2 Abbay National 602 *51/2 Aklad Lyons 442 -8 Ama< 95 1 Argyll 346 Asda Group 1 «8 1.200 SAT Ind 447 -9 BtCC 330 *1 BOC Group 875 -31/2 BR Potrotoum 627.400 -1.100
      2,129 words
    • Article
      Lock icon TOKYO
      1619 19 Reuter Owkkaaas *14MI STOCKS ended higher for the third straight day, relieved by the Federal Reserve's decision to leave interest rates steady. But brokers said the market lacked energy to test higher levels. The key 225-share Nikkei Average closed up 148.01 points at 21,275.02. Its September futures gained 80
      Reuter  -  1,619 words
    • Article, Illustration
      Lock icon HONGKONG
      1655 20 Reuter Q Hang Seng +***** STOCKS ended the session sharply higher as the Federal Reserve's decision to leave interest rates unchanged boosted market sentiment. The Hang Seng Index rose 123.99 points to 11,436.50. Turnover was HK$5.BB billion. "No interest rate rise in the US improved sentiment and high market
      Reuter  -  1,655 words
    • Article, Illustration
      Lock icon CHINA
      654 20 Reuter Q Shanghai B Share Index +LOl SHANGHAI B shares ended sharply up on a rally by Pudong shares. The B Index closed up 1.01 points to 52.82 on volume of 14.6 million shares worth US$6.2 million. Shanghai will invest 98.7 billion yuan (5516.8 billion) in Pudong's infrastructure in
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  654 words
    • Article
      Lock icon TAIPEI
      358 20 AFP QWP latex ****** SHARE prices closed 2 per cent higher after China released rules covering direct shipping links with the island. "Encouraged by China's move to promote cargo and passenger transport across the Taiwan Strait, investors pursued shipping and Chinaoriented issues," said a trader. The Weighted Price Index
      AFP  -  358 words
    • Article, Illustration
      Lock icon JAKARTA
      670 20 AFP Composite Index +2.60 SHARE prices closed higher with local investors dominating trade that was unaffected by the US decision to leave key interest rates unchanged. "There was not much reaction to the Fed's decision not to raise interest rates," a dealer said. "Second and third-line stocks rose on
      AFP  -  670 words
    • Article, Illustration
      Lock icon BANGKOK
      840 20 AFP SET Index +2162 SHARE prices closed 2.2 per cent up yesterday, with the market rebounding on news that a new support fund has started buying shares. Managed by three local brokers, the fund was introduced to prop up the ailing bourse which lost 16 per cent in July
      AFP  -  840 words
    • Article
      Lock icon MANILA
      334 20 AFP Pttmil* *2(187 SHARE prices closed higher due to purchases by local investors following the Federal Reserve's decision to leave key interest rates unchanged. The PSE Composite Index rose 20.87 points to 3,111.56. Turnover was 3.9 billion shares worth 3.1 billion pesos. PLDT rose 10 pesos to 1,540. San
      AFP  -  334 words
    • Article
      Lock icon SEOUL
      343 20 AFP Composite Index -4.71 SHARE prices fell to a 33month low yesterday amid economic concerns. The Composite Price Index shed 4.79 points to 789.12. The previous record low was 756.87 set on Nov 11, 1993. Turnover was 17.2 million shares worth 340.4 billion won. Falls beat risers 572 to
      AFP  -  343 words
    • Article
      Lock icon SYDNEY
      610 20 AFP Ordinaries +2L3 SHARE prices gained as overseas investors entered the market, encouraged by a raft of budget cuts which slashed the underlying budget deficit. "Investors invaded the market on perceptions that we are a lean, mean, undervalued investment vehicle in the eyes of the world," a trader said.
      AFP  -  610 words
    • Article
      Lock icon WELLINGTON
      269 20 Reuter Q Wellington +7J7 PRICES firmed, with Fletcher Forest enjoying a re-rating after news that it been successfill in its bid for Forestry Corp of NZ. The NZSE-40 Capital Index ended 7.97 points higher at 2,175.76. Reuter «n row aw2 »«>*>n tjo -on unt Advpntpfpl HMgp US *9900 Air
      Reuter  -  269 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Foreign funds push shares up
        7804 21 Bloomberg Business News Q Composite Index +17-38 SHARE prices closed higher on foreign fund buying, spurred by the release of better-than-expected Maybank results, dealers said. "I'm bullish on Malaysian banks," said an analyst. Earnings for most banks were lifted by a widening of their interest
        Bloomberg Business News  -  7,804 words
    • WARRANTS & OPTIONS
      • Article
        OSK warrants the better bet
        3622 22  -  WARRANT WATCH By\ R Sivanithy THE warrants of stockbrokers G K Goh and Kim Eng were very firm in active trading yesterday, which suggests that investors are beginning to think the recent rise in volume might continue for some time. If so, then it makes
        3,622 words
    • Article
      CLOB INTERNATIONAL
      2077 22 Cc Cf l t«« Va< On LaatOuata Mv Mv VM Nat M Ca» MM> Law Stwa Campany Sate COOP) Hm> Low Buyr 5a«ar H C»r P/f Smd "5 3M ms 5000 AIS8 50C 388 M8 28 388 378 380 390 10 4.9 0.4 80.7 397 9 119 84
      2,077 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1216 23 TURNOVER ('OOO) VALUE ('000) M«tn Ctob Total mm cut T«* tadWtrUI 60.661 14,284 74.945 171,362 34.598 205.957 *n«K» 9.808 5.093 14,901 64.505 9,339 73.843 Not*'* 1.594 733 2,327 5,428 1.154 6,583 Propwttes 7,257 6.324 13.581 42.354 *486 50.840 PUn««too 901 901 2,204 2,204 M«n»n9 252 252 716 716 8LW 16,021
        1,216 words
      • Article
        MAIN BOARD
        4700 23 Gr Or m Wt '"6 Lest Vol Day Last Ouot* Otv Dtv YM Net Cap Avg M» St No Company Sato COOP) Ml» Law B»yor SHor CVr P/t JmM Price INDUSTRIALS 5146 ASE NTSIO 200. US 214 165 1258 Acer 50c US180 unch 452 182 177 177 180
        4,700 words
      • Article
        SESDAQ
        1028 23 LMt Vol On Last Quote CHv Dtv YM Net Cap Aw| 1!§? StMo Company Sal* COOO) High Low Buyer Seller C-yr Pfl Smit Price SCSOAQ 2 SS 2000 A RM| 09«5c 190 8 70 200 190 192 193 10 141 0.1 118.0 84.5 188 90 68 o ASAutolOc_ 75
        1,028 words
      • Article, Illustration
        HOT STOCK
        60 24  -  *r Paul Leo IN JUST three trading days, Fu Yu Manufacturing rose from a low of 53 cents to 66.5 cents before ending at 61 cents yesterday. The heavy volume is testimony of the strength of the uptrend. However, with overhead resistance at 68 cents and daily RSI
        60 words
      • Article, Illustration
        Spate of good news brings market players back
        858 24  -  COMMENTARY Investors encouraged by strong trade data and no US rate hike; EL shares soar on back of Maybank's solid profit figures By R Sivanithy [SINGAPORE] The local stock market yesterday continued to shake off its recent lethargy by putting up a
        858 words
      • ON THE GRAPEVINE
        • Article
          Short end of the bargain
          72 24 IT SEEMED some short-sellers of Transmarco shares were caught. Brokers said 50 lots were bought in on Tuesday at around $10 a share and 71 lots yesterday at about $11. This means the short-sellers, who sold the shares they did not own at $6 or
          72 words
        • Article
          Where's the logic?
          112 24 THE net tangible assets per share of a company is considered one of its most useful financial benchmarks, or is it? A dealer who watched Transmarco's shares surge past $10 yesterday, said he couldn't understand why the counter could trade for such a huge premium over its
          112 words
        • Article
          Amcol's worth
          102 24 SINAR MAS' offer for Amcol is actually higher than $1.88 a share. This is because the offer also includes one free warrant for the new company (Newco) for every 10 Amcol shares, which is good for five years and carries a conversion price of US$l.OO (551.41). Assuming Newco
          102 words
        • Article
          Amcil's legacy
          71 24 ANOTHER fallout of the Amcol saga, moaned one private banker, is that his bank is now applying greater caution when clients ask for financing. Applying greater diligence inevitably leads to slower business. "Now we're taking a look at basically every counter since we were awaken to the fact
          71 words
        • Article
          Mo discrimination here
          103 24 NOT even the No 2 at Thailand's central bank can escape from credit card fraud. Deputy governor Jarong Nookhwun found he has been charged 405,000 baht (5522,680) for buying electrical appliances in Malaysia when he has not stepped on Malaysian soil for two months. According to a
          103 words
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      Page 15 Advertisements Column 1
      83 15 WBWW^. u i LH^H '■SKr** I Sjjß9[n I -H -gT™^™^^""g^MgCTM ■$■';*.■?■s*' HE <T-.•■*..-fas -y->- 7tN t Bwcl -=r~~~ graPHM jlH': "C: .1 New Temperature Chart Hr a Wfev Over 145 exchanges from Wr l .4; more than 60 countrios I 1 '^M integrated network vj^^Ki Microsoft' Windows' I J »fH
      83 words
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      Page 16 Advertisements Column 1
      74 16 Pot Dispenser Room Temperature PjHWgl Hot/Cold Counter Top H I ijpifif K X: Hot/CoW Water Dispenser R134 Ozone Fnendty Compressor A Hot/CokJ with isssr. of MwnMonai BcflM Wtter Anoancr WANIN INDUSTRIES PTE LTD 167-A Thomson Road, Goldhill Centre, S'pore *****9 Tel: *****88 Telex :RS ***** Fax *****08 Johor Tel: 07-*****97
      74 words
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      Page 17 Advertisements Column 1
      124 17 OPEL OMEGA fo*laH'' if. H I H ft j I KYI I H WW Millions went into the development of the Opel Omega. Into perfecting an engine powerful and economical. Into a suspension capable of taking everything the road could Oi throw at it. Into a spacious, luxurious, leather-upholstered interior
      124 words
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      27 20 L IhSSShk. joaillier en horlogerie I JLZ\.VJIJL/I £2* Mlal Dancer, -A. w3gpßnH is k gold, electronic movement.' PIAGET Boutique: *01-09BNgeeAnn City Towerß, 391 Orchardßd, Singapore23BB74. TeL *****31.
      27 words
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      29 21 For real- time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      29 words
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      Page 21 Advertisements Column 2
      72 21 GENEVE V DCeoer mincf(£e numerous accofacfes J if £as received. 9l is Me Oery satisfaction of possessing one that uigfcfs t£epleasure. Available exclusively af: Ngee Ann City Tel: 733 0618 Lucky Plaza Tel: 737 4593 ""^P~ Marina Square Tel: 338 4006 Suntec City Mall Tel: 337 5150 C I Kl
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      40 22 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai TIMES DAILY S mes daily 9° urme t food, vintage French wines and a standard of service that's i" famous the world over. Thai, Smooth as
      40 words
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      32 23 f PRECEPTEVSkHItS m frfpflEik EXTRA SPIN Combines the Superior Distance with the Spin and Control of Wound Balls. EXTRA DISTANCE The Ultimate for Distance and Accuracy. mEZjg^^JM Cheong Bldg *****71 382 7227
      32 words
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      Page 23 Advertisements Column 2
      136 23 To SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period I 1 12 months [_J 6 months I" 1 3 months
      136 words
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      Page 24 Advertisements Column 1
      506 24 BUSINESS 10 < 1 1 ioii-lUII Ixi 10-741 INN* s/^ 5550,000,000 SECURED FLOATING RATE Notes Due 2002 In accordance with the provisions of the Notes, notice is hereby given that for the six-month period from 22nd August 1996 to 24th February 1997 (186 days), the Notes will carry a Rate
      506 words
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      Page 24 Advertisements Column 2
      453 24 IN THE MATTES OP THE COMPANIES ACT, CAP.9t AND IN THE MATTE* OF MASS COMMUNICATIONS (S) PTE LTD (b Voluntary Liquidation) VOLUKBUnr WNXNG 4JP NOTICE IS HEREBY GIVEN thai the creditors of the abovenamed company, which is being woud up voluntarily, are required on or before 19th September 1996 lo
      453 words
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      Page 24 Advertisements Column 3
      304 24 IN THE MATTER Of THE COMPANIES ACT, CAP. St VXL PTE LTD flu Memker, Voluntary LiHMm) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Leng Kee Road. •04-04 Thye Hong Centre, Singapore *****6 on 16 August 1996 al 10.00 mi. the following Special
      304 words
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      Page 24 Advertisements Column 4
      28 24 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
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      Page 24 Advertisements Column 5
      110 24 Singapore Closing Share Prices 21/8/1996 J:h5 SE WW LOW HIGH ■JmSSL j a l2i lrle S latheSOn 6,35 855 FGSSTO £2??? Strateflic 3 -22 3.20 3.20 3.22 LWJ Dairy Farm 0.795 0.805 0.705 0.805 Hongkong Land 2.37 2.35 2.31 237 ■fJHH Mandarin Oriental 1.38 1.40 1.38 1.38 MUMM Jardine Strategic
      110 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      310 25 Knight-Ridder Reuter t TRADING was extremely sluggish on the freight market with the key routes slow, brokers said. It was another mixed p day for Biffex, with sentiment beginning to lose momentum especially about capesize market, Clarkson Wolff said in its daily market report The Baltic Freight Ihdex
      Knight-Ridder; Reuter  -  310 words
    • Article
      MARITIME STOCKS
      284 25 i 4u$gRj$g$&\ > mm M w 'COT Distribution 1J6 unch 262 Chuan Hup HoMtnfS. 102 unch M4 Cosco tin ast want WJ9 unch 75 rCLS M9 *0J0 434 FratahtUnks 0.723 -0.039 CarioMnqi t06 -0.02 ISO HaiS«nHup UM -0.03 1740 HIUcMZoMn 0.833 *0.02 71 MCHaMngs HKS.60 Jaya Itowinqs 112
      284 words
    • Article
      Safmarine eyes partners for Far East expansion
      377 25  -  S African line is especially keen on going to China with the right partner By' Yong Mei Fong [SINGAPORE] South African shipping line Safmarine is looking for partners as it plans further expansion in the Far East, particularly to countries like China. Company
      377 words
    • Article
      Lock icon Malaysia to build own jet boats
      186 25 AFP [KUALA LUMPUR] Malaysia will build its own water scooters and jet boats under a national water-craft project involving foreign technology, Premier Mahathir Mohamad was quoted as saying in news reports yesterday. Dr Mahathir said the government was looking for partners for the project
      AFP  -  186 words
    • Article
      Shipbuilding subsidies get more controversial
      664 25  -  NEWBUXLDS i By\ David Hughes THE big news of the past fortnight must be the contracts awarded by the Korea Gas Corporation (KGC) to domestic shipping companies and shipyards to build and operate six LNG carriers. The bidding is only for South Korean lines and
      664 words
    • Article
      Lock icon China issues second set of rules
      347 25 Beqing urges Taipei to open np ports, Yangming sends in application Reuter AFX-Asia Knight-Ridder [BEIJING] China yesterday issued a second set of regulations to pave the way for direct shipping links with Taiwan. The Ministry of Foreign Trade and Economic Cooperation (Moftec) issued regulations
      Reuter; AFX-Asia; Knight-Ridder  -  347 words
    • Article
      Keppel and Mitsui bag $95m order
      72 25 [SINGAPORE] Keppel Integrated Engineering, together with partner Mitsui Engineering and Shipbuilding Co, has clinched another crane order worth some $95 million by the Port of Singapore Authority (PSA). The two already has a contract to build 16 overhead bridge cranes for use at PSA's
      72 words
    • Article
      Work on new access to Klong Toey to start next year
      282 25  -  From, Alan Boyd in Bangkok DELAYED excavation work on a vital second river channel for Bangkok's congested Klong Toey port is expected to start next year, following the government's intervention in a row over a dredger contract. The Harbour
      282 words
    • Article
      Lock icon Probe into Subic Bay bidding
      92 25 AFX-Asia (MANILA] The House committee on transportation and communications wUI look into the conduct of the bidding of the Subic Bay container terminal project by Subic Bay Metropolitan Authority. Business Daily quoted committee chairman Jerome Paras as saying the probe hopes to shed light on
      AFX-Asia  -  92 words
    • Article, Illustration
      Lock icon Danzas bets on core carriers
      1001 26  -  FREIGHT FORWARDING: SWISS GIANT'S STRATEGY International forwarder Danzas tries to make operations more efficient by setting up an intercontinental division and focusing on a handful of carriers and hubs, with Asia a key target to increase market share i Philip Damas American Shipper THE giant
      American Shipper  -  1,001 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      298 26 PAGE 9 EES 13 «a i a**" Aeiocean 15 J" 0 ami 3 Evergreen 6 Able 13 Everprime <3 Accord 12 [r™ I 4 J AooenshiD 4 on^n Astro 3 Foo s 12 aS.i n FroU 12 "2" FrtWortd 7 ST 7 6Unk
      298 words
    • Article
      SHIPPING GUIDE
      14783 32 EXPORT ETA ETA Advartisar VhmI Voyaga Talaphona ETA ETA Advartisar Vassal Voyaga Taiaphona SIN Dast'n Nam Sam, Numb* Numtar SIN Dast'n Nam* Nam* Numbar Numbar A To BOSTON (BOS) 2054 Massachusetts, United States To ABIDJAN (ABJ) 2003 2WM 02/10 Hanjin IRENES HORIZON 024E *5-32*0224 Ivory Coast, Cote D'lvoire
      14,783 words
    • SHIPS IN PORT
      • Article
        CONTAINER SCHEDULES
        2030 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Booking/Bounce Rstls SW P Voy No Etb/Btr Period From To From to »4C 22/2000 It 21/1500 21/1659 21/1900 2* 21/1700 22/0659 22/0*0 L 0794 24/1500 l> 2V1500 21/1659 2W00~ a 21/1700 22/0659 22/0900 V 21 21/1700 22/0659 22/0900 3 22/0700
        2,030 words
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        CONVENTIONAL WHARVES
        700 39 Ve$sel Voy Mo Berth Arrival Departure JniM Iv!L t?L tmvf 21.06/0M0 In'hM Re JI? 2 2106/1200 R LNS M 22* txxxpf 2106/2330 R ftmtwi liSi "S 21.06/1500 ft Mt«« 2106/0900 R 5 Z, u ""**> 2200/0600 r J01 «K>novOf ?1 OV0700 SggL if* JW <•««««»» 22H/nn HUMSZT •OOQM>»
        700 words
      • Article
        GLOBAL HOLIDAY
        323 39 AUG 24 Ukraine: Independence Day. AUG 26 United Kingdom: Market and Public holiday. Hong Kong: Liberation day. AUG 27 Moldova: Market holiday, Independence Day. AUG 28 Sri Lanka: Market and Public holiday. AUG 29 Slovakia: Market and Public holiday, National Uprising Day. AUG 30 Turkey: Market and Public
        323 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        BA, Qantas launch plans to train travel agents
        370 40  -  Courses held in S'pore to boost service levels in travel industry By Rahlta Elaas (SINGAPORE] British Airways (BA) and Qantas yesterday launched training programmes for travel agents in Singapore to boost service levels in the travel industry. Michael Tan, commercial manager Singapore
        370 words
      • Article
        Lock icon Samsung Aerospace ill talks to buy all of Fokker: report
        219 40 AFX-Asia [AMSTERDAM] Samsung Aerospace Industres Ltd is to present a detailed plan to take over the whole of Fokker NV, including the businesses already sold to Stork NV, within one or two weeks, De Telegraaf reported. The paper said a
        AFX-Asia  -  219 words
      • Article
        Lock icon Nissan sets up assembly plant in Karachi
        239 40 Japan car maker eyes Pakistan's growth potential Reuter [KARACHI] Japan's Nissan Motor Co Ltd, eyeing Pakistan's growth potential and its protective tariffs, has become the latest foreign car maker to build an assembly plant here. "The market for the class of cars we
        Reuter  -  239 words
      • Article
        Lock icon 6 lawsuits filed against Ford over alleged part defect
        292 40 NYT [WASHINGTON] Lawyers across the country have filed six lawsuits against Ford Motor Co, alleging that the car maker hid a defect that can cause engines to suddenly quit in millions of cars and light trucks, exposing occupants to rear-end collisions
        NYT  -  292 words
      • Article
        Lock icon Mitsubishi plans two car engine ventures in China
        290 40 Knight Ridder (TOKYO] Japanese car maker Mitsubishi Motors said yesterday it was considering setting up two joint ventures with an investment vehicle of the Malaysian government to make engines in China for passenger cars. A company spokeswoman said details of the tie-ups
        Knight Ridder  -  290 words
      • Article, Illustration
        Lock icon Latest Polo launched in Japan
        70 40 [TOKYOJ Volkswagen AG executive director Winfried Vahland (left) and Ingo Meise, Volkswagen Audi Nippon KK representative, unveiling the latest model of Volkswagen's Polo compact car. Volkswagen Audi Nippon KK, the Japanese unit of Volkswagen AG launched the car in Japan with a sales target 0f6,400
        REUTER  -  70 words
      • LOG Book
        • Article
          Lock icon China needs to export surplus cars
          68 40 Reuter [BEIJING] Chinese car production is outpacing domestic demand, and makers need to start exporting to close the widening gap, the Economic Information Daily quoted authorities as saying on Tuesday. Industry specialists predict that by 2000, China would have an annual production capacity of
          Reuter  -  68 words
        • Article
          Lock icon Court reduces damages againat MAS
          94 40 Reuter [KUALA LUMPUR] A High Court substantially reduced yesterday a lower court's award of M 5110,600 (5562,600) against Malaysia Airlines (MAS) and a stewardess who spilled hot coffee on a boy during a flight. The national Bernama news agency reported that Justice lan Chin Hon
          Reuter  -  94 words
        • Article
          Lock icon Russian air controllers plan strike
          57 40 Reuter [MOSCOW] Russian flight controllers and ground workers plan to strike over a pay dispute from Aug 27, an air traffic controllers' union official said on Tuesday. Gennady Borisov, aide to the president of the Federation of Air Traffic Controller Unions, said regional unions and
          Reuter  -  57 words
        • Article
          Lock icon ANA to change ads on fare discounts
          69 40 Reuter [TOKYO] All Nippon Airways Co Ltd (ANA) said yesterday that it would change its advertisements for discount tickets following a Fair Trade Commission (FTC) warning. An FTC official said that the trade watchdog had issued a warning to ANA, Japan Airlines and
          Reuter  -  69 words
      • Article
        Lock icon Japan firms in talks to develop jet with Boeing
        109 40 Knight-Ridder [TOKYO] Japanese aircraft makers, including Mitsubishi Heavy Industries Ltd and Kawasaki Heavy Industries Ltd, are seeking to jointly develop a new jumbo jet with Boeing Co of the US, industrial sources told Kyodo News Service yesterday. The heads of the
        Knight-Ridder  -  109 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1770 40 CITY Afee Dhabi S0441 1530 Ganava SRt83 2115 AdtliMt S0230 1830 0F81 1930 0F82 2055 GMAQZtMM S0803 1905 CZ353 2045 S0804 1020 Amsterdam KL843 0455 KL838 2300 Halkou PRC CZ3097 2010 T M25 0650 S025 0650 1837 1445 DL26 2355 S026 2355 Hanoi HatYai VN741 1300
        1,770 words
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      15 25 Danzas bets on core carriers Swiss giant targets Asia to raise market share. Page 2
      15 words
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      Page 25 Advertisements Column 2
      46 25 BA, Qantasto train travel agents Courses held in S'pore aim to lift service levels. Back Page Pg o^ii ■U BSs>t k*®* ~S Bgji Hi k Cr>2 kIM K| -.-%r .-'fS ■L -tp aL »rrr. 'ijS&<kaS£nml3ll «hiiTIT i paEjgfsg^fliMWl TURN TO OUR 24-hour BUSINESS CENTRE. PAGE 14.
      46 words
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      588 26 SINGAPORE CALIFORNIA EXPREj (WREC r FROM fEST COAST) IQULF KARACHI EXPfti ESS (QKX 7 rosa VOY Ml su U m r vtssa [~voy omm \~~7a puS fai sw •WWW »/»7 01/01 02/00 04/00 23/00 MM KOI OJt 10/00 H/OO i*/oT 22/00 24/00 NOTUMfAtaANNITt 25W OS/OO 00/00 M/ 00 13/00 30/00
      588 words
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      Page 26 Advertisements Column 2
      651 26 Lin®* services represented I n^«\\ byMwnbef,o4m#Fte O i r y o MA Member* of the Accredited Shipping Agents, Singapore Freight Forwarders Stxxe National Shipping Assoc Association. SffIPmGTIMESONUNE Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Kota 740-2382 EXPORT 3 Japan •2 x Hongkong
      651 words
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      Page 27 Advertisements Column 1
      1159 27 I PAOfK SOUTH WEST EXPRESS (MRECT) I na lawn* Iswetd |uu I m I «n Mrc 1 a 1 hop 1 ict 1 «a 1 oo« i io/w 121/00 |nm I o*/w I io/w n/w I n/w 12/w 12/W n/o» n/w u/o* awoba om 1 m/W I n/m Inm liv
      1,159 words
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      Page 27 Advertisements Column 2
      1411 27 H ANJIN SHIPPING USA CANADA* mbmam/vot m sm su Im m wI <m Ipn ta |wo owi |in qqs wtc |o» m Imhlm rrrTTl^n =5 -SSr-SS" uZ n l* /w n/ /ot »/w IiFWMT^Twr ii£--S£- 1Z w/w w/w 01/10 /w 01/ 0 go* w/" a/w M/ii M /»> SSI!!!!? w/1
      1,411 words
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      955 28 H K B l I f* 1 3 .4*l IM 3 m( 9J li 111 |V 1 MiJ k 111 I 30 I IMHiIHMHftHiiIiiBifeBHiHiHMAHMiMMfeiiHHiBBkiiWiHHIH ill iiii r~~\ 2 Vfssa VOY HAN CDAM ANT IHA S7ON PKEUUtC SIN HUG (AO TYO SHI (OK NAG mmooniay oiioo" n/i ~nrT h/i 30/7 m
      955 words
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      Page 28 Advertisements Column 2
      1436 28 NORASIA I VESSEL VOYsin pkl] ooa las bcl valalorot ant fel lha I I m* MO9 IM9 1«« 1M iUI MM 1M M M 2UI I NOR HONGKONG 9634-3 0109 OUN ?0.« 2509 2109 2909 0110 2609 2709 2709 2169 I I N fiSHA,UAM *36-3 1109 IMS 2709 02/10 2MB
      1,436 words
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      Page 28 Advertisements Column 3
      420 28 Direct Container Service" to Hi Fangcheng Zhanjiang S'pore Fangchcnfl Hmjtim UA«*O 29/09 04/09 09/017 j. 9H|I /VOffTRANs! IjLMjMjIW l«:H-H40Wt Mofti-Pwpose RO/L0 Confer Accepting: RO/RO, Ramp Capacity opto 40 taas Haavy Uft opto 65.5 tons Cmmtimd/ kwd kk /Cm*mm/tmhn Cmt^am Thai Flag Statas I^6 VJ9A SAjUI MPORT miq> 2i-U/Of tt-M/tt 01-04/01
      420 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      1227 29 S STRAITS SHIPPING PTE LTD JSV '0 Hoe Chiang Road #11-01 Kappel Towers Singapore 0208 Tel: *****88 Fax: *****17 SAIAH t WUWI CONVENTIONAL SERVICt SARAWAK CONTAINER StRVICI sw I mm mi I Ivissft vor 75j5tf5»T nunwic 27/ M I 01/09 07/09 CAIAXA JW «-3? V9t)3tA 20/01 30/00 S A< im
      1,227 words
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      Page 29 Advertisements Column 2
      1060 29 W2« ACCEPTING FCL TO VA TAIWAN t JAPAN P VIA HONGKONG I ram EiEiiiE ""T** i h#-«-Wiiß^i-.Jii w tww riuHtti cosm g*«» Lram"" f«r* c-*. w,i/l«m*7 um+r.num u^min h* IMUU44/lA7 »«l »w m5/M W571) cZZLItWVJ* fTtHaS vnsa/voT*a sgp wc SoSm'/mo. £2 22 JMI-Mi K)RT TO PORT SAILINGS: vßsayvwa m m
      1,060 words
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      Page 29 Advertisements Column 3
      252 29 ]|^A| pe RKAPALAN DAI ZHUN A TONG JQQ SHIPPING PTE LTD CR NO: ********** C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952" KUCHING-FASTtST TMAMSIT/ MUAU-MtlOkiTY UKTH /7 HO CHI MIHH-MMCATt* A ZH »Z GITOHG 9613 24/08 ONI ***** 27/ M f rKnnu 6000 9624 30/08 GIW,H AWS4
      252 words
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      1392 30 EUROPE/UIVICMIOttUVU/nNUWIO/miMU n?TI R0 W M#G P LHV LHV THP ROM ANW HOG PKL (loP~| 11/1 28/9 25/9 *1/» 23 2V» E GLEEFUL RE-044 4/1 7/1 1/1 l/l M 2/1 M l'2f2KL]&S. ML 27/1 24/1 21y 2M I GIFTED RI 069 11* 11/0 IZ/O 14/1 11/1 1/9 11 I REACHRwS? J<2s
      1,392 words
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      Page 30 Advertisements Column 2
      1056 30 I l™L ultAuo tfm SJ!L iSL W w I Vtssa VOYAGf DM AM MM MM SOP I I UW (IOWH 0411Q34W 79/ Di 01/ Of Of/99 I l/jl I UMCONCOO 0414-AlOf 17/ M IJ/M 11/ M 14/ M ?t/M I uMcoNor mumw <m* ivw 14* 17* i*» i;/w i//w \ZX
      1,056 words
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      Page 30 Advertisements Column 3
      670 30 i RICHFIELD MARME AGENCIES (S) PTE LTD TEL: *****33 (12 UNES) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Unas) CR NO: **********0E H ,JT jSS ETHIOPIAN SHIPPINB LINES f (National Lkta of ElMopfe) ACCEPTING FCL AND CONVENTIONAL Voy Fa Loadbig for r r 46W8 18/09 a D to0uB N«tMnet 44W8
      670 words
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      692 31 i BSfl a I Imm MYANMA -Bfißk FIVE STAR LINE W (Myanmar National Um) Loading for Yangon (Rangoon) «SSEI VOY SIN KG PEN PGU J HPA-AN 226W SID HUM 137W su MALAYSIA AGENTS: lOUSTEAD SHIPPING AGENCIES KUL TEI 02-03-*****00 PKL Til 02-03-37M101 PEN: IH 02-04-2****** PGO: ni 02-07-*****21/4 j BANK
      692 words
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      Page 31 Advertisements Column 2
      1249 31 /HYUNDAT MERCHANT MARINE CO. UP. I PNA I P«E I PGO I VISSII/VOT VQT |l» I 111 I All |fl m I 21/01 21/04 24/01 MY. (XPIORiI 324W 26/64 13/09 IS/H 17/09 is7o9 h709 \Tm I 21/01 30/N 11/ M MY. ADMIRAL 302W 02/09 20/09 22/09 24/09 22/09 22/09 24/09
      1,249 words
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      Page 31 Advertisements Column 3
      433 31 (fc FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 y HOT LINE: *****33 (30 LINES) r i S nincrT J jlr IIIEVO I j I /tEDUirCf (dtKVICC/ •THESSAVONf^I f\N f c v WEEKLY X V I XAc V SAILING C GREECE PIRACui CALL OUR HOTLINE *****33 CONTACT RAMLAH NOW
      433 words
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      58 33 To retrieve more schedules, just follow these simple steps... document /LeX 740-6000^^^^^^ tep be faxed MT M PrBSS ffr* the port m your Step key in the four number /CM M digit code Key in your Example: r—L, fax number To HAMBURG (HAM) 2150 for calls within Singapore GSfTTISny r
      58 words
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  • Page 35 Advertisements
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      535 35 Tropical m kl swvkm Amenta 1 SL MERCURY SI CHAMPION 009E 015E Poft Country 27/08 03/09 Belue City Belize 30/09 07/10 Bridgetown Borfeodoi 03/10 10/10 Cartagena Colombia 02/10 09/10 •uw Cmh St. Lucia 02/10 09/10 Fort de France Martinique 03/10 10/10 Freeport Bahamas 28/09 05/10 Kingston Jamotca 30/09 07/10 Pointe
      535 words
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      Page 35 Advertisements Column 2
      1349 35 ADVANCE CONTAINER LINES (PTE) LTD A I 140 S«r*i #12-00, PIL Building. Singapor* *****0 TEL: *****21, FAX: *****19. TELEX :RS ***** ACLPL CR NO. **********0E BANOK.OK JAKARTA "i-r„ lis-*. VISSB. VQY SK BKK SM VISSa VOY SM JKT SM tA!AZA< 923 24/06 Set 27/06 lue 31/06 Sot KOtA SABAS SBS2')
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      Page 35 Advertisements Column 3
      786 35 |CR WO: **********02 Y LE HAVRE HAMBURG THAMESPORT ROTTERDAM ANTWERP VBIEOECARB4A CI6W 27AM 07/08 IC/Q0 17*08 IWOB 20*09 2/08 VLLEDESAOrTTA SIBW 03/08 14/06 23/08 MW 2MB 27*5 29*8 VM-LE DC NORMA NIBW 10*08 21/00 3M» [v*leoeobqma Hiew avc* 07/10 o&"to 10F10 iiTio 'JLSO ACCEPTING CARGO TO ALL U. K. DESTINATIONS.
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      Page 36 Advertisements Column 1
      1684 36 lISfiSIBHIBSSEDn —nnnzMM ■■huexuhhl VESSEL j >< t vesatL vo* sm PCN__^H lum,,, OURU BHUM MM St 24/06 Tu> 27/08 JAWU BHUM «738 Thu lln Pt ~3M I 24A»~ =2 BHATRA BHUM 96S Mon 26/06 St 31/06 B.MAS QUA 611» Sur 2S/0S Tu. 27/06 ■H QANTA BHUM Q6N Thu In Pt
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      Page 36 Advertisements Column 2
      640 36 TSwOM/OifStOHa SMtVKS I liiiA^'^STOSgv!^ vor sin I era Ivuia i voy mm i cai r MiOHANA lIP I FBI [23/01 TUI I 27/04 [ANDROMEDA STAR 1 170 FRI I 23/04 I WED 24/Q4~ PAD MA 313 MOW 26/04 FRI 30/04 ItAOli CLOUD 233 SAT ~24/04 THU 29/08 SHKNTON 416 I
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      Page 36 Advertisements Column 3
      303 36 #09-00 NEHSONS BUILDING 24 PECK SEAH STREET r SINGAPORE *****4 BOOKMCMNOmmn CW HO: *****03Q000W TEL: 323 1133 FAX: 221 4053/M/S8 r VBSa VOY SWEU suns kstmajion GUfSIKM 17/* 24/01 21/01 PUUU/MflOWtt GUIfKHAJO 10/94 03/09 05/09 POKIWW/SNTCTC AGE 14/94 24/01 7S/M BHQJUI/PMMK gwsuivi m 24/oi 2</N mimm GUlf KHALJO 10/* 03/09
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      664 37 J AD SINO IXPRESS SHIPPING (PTI) LTD. 'V M M I 11 COLLYER QUAY HO6-01 THE ARCADE SINGAPORE *****7. TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX I SINOTRANS SHAN6HAI (CONTAINER SERVICE) Also occepting contoiner (orgo to: 'VESSEI/VOY ETA SIN ETAHKG ETA SHA W/T HKG: Beijioo, Chlwon, .CHANG YING
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      Page 37 Advertisements Column 2
      747 37 liLta mn container lines, inc FTTTmi Agents: MAC-NELS SPORE: *****22 (24 LINES) kuchmq: (ok) *****3 l~J\y J cmttoummmootM sibu. <os4) 3i«m mamla: (632)n2S8ei PENANO: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31) *****0 KEIAMQ: (03) *****77 JKT: (21) *****07 MOW: (61) *****3 BAHDUNOb (22) 42W69S 20TH ANNIVERSARY OFFER:-(LOWEST-LOWEST RATES) SYDNEY/MELBOURNE/BRISANE ETA
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      Page 37 Advertisements Column 3
      395 37 rte WENDER CONTAINER LINES-i 1 i ATTRACTIVE FCI7LCL RATES TO: Indian Sub-Continent Ports: 9! MADRAS/BOMBAY/ 2 CALCUTTA COLOMBO CHTITAGONG a NHAVA SHEVA PORT KELANG PENANGjj I MADRAS WWSHPG FWDG (P) LTD J TEL: 91-44-534 0450 FAX: 9144-534 0200 j 1 BOMBAY WWAGENCIES PVT LTD TEL 91-22-207 5832 FAX 91-22-207 5831
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      Page 38 Advertisements Column 1
      268 38 SHIPPINGTIMES BUSINESSCENTRE Your worries are over when it comes to: •Engine Overhaul Precision Machining In-sltu Repair Specialised welding l«g! aa Hard Chroming Thermal Spray Coating Wm&mKKKEM We are a precision engineering company and cater for Marine, Construction, Total Oil Gas and Industrial Excellence Engine Machinery Equipment WMFFSrT" 'hi 1 Quality
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      Page 38 Advertisements Column 2
      190 38 To advertise in Business Centre B 1 now request for Document Code ***** Shippinotimes Business Centre Adverttolac that (father* year bwbMM (acta through the lax LOOK OUT F °R the inHiicfrv I Aggveko is the reputable name that stands out in the ftekl of deck indUSTTy f generators tor rental.
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      Page 39 Advertisements Column 1
      104 39 jOPpppipßk I S'pore P.Ketang Loading For I 9f5V^ KSOY 2<VOB 24/06 RdnVAtwAJK/Nan I I 26/08 Atw/RdmAJK I I AGJASOFIA 12/09 18/06 RdnVAtwAJK/Nan I Loads EVW. Malaysia. Indonesia I I Loading for I P C C Dutoai/A. Ohabi/Doh£^BahraiM>£rrvTi^/Kiiwatl I VAN 11Oubai/Ooha/Bahrain/Damman/Kuwait I Dubai/A. Dhabi/Doha/Damman/Kuwait I ■S. FRONTIER Hodetdah/JeddatVAqa/Pt. Said/Tripoli I -Loads
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      Page 39 Advertisements Column 2
      213 39 S A Singapore to all USA destinations via Los Angeles j We accept both FCL LCL, vessel departs every Monday. For general enquiries, please call 542 7668. For booking, please call Jenny Tlan at 548 9584 or Stella Can at 548 9585. JXINGDIS TRIB UTI0 N SERVICES PTE LTD IHO
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      Page 40 Advertisements Column 1
      57 40 M.V. "APOLLO LIMA" VOY. I ARRD 13 AUGUST l*W Consignees of all damaged cargoes e* the captioned vessel is hereby notified that a general survey will be held on the 23 August 1996 0900-1200 hours at PTS. No further survey will be entertained thereafter. As Agents: "K" Line Kinkai AB
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      Page 40 Advertisements Column 2
      29 40 For real- time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
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  • Page 40 Miscellaneous
    • Miscellaneous
      Page 40 Miscellaneous Column 1
      132 40 MES < i); r:i wHEIMM Reg i o LEGEND R Thunderstorm Temperature o Q V Shower Weather Wind cfcrection with speed m knots ee Ran Cloudy Sky w hetght Surfoce winds ore indicated by arrows which tty with the wind One Ml circle represents calm or bght and vonoWe winds
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