The Business Times, 2 October 1996

Microfilm: NL20727
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 04(V12/95 85c SINGAPORE Internet- http://www.aaial.com.sg/biztimes WEDNESDAY, OCTOBER 2,1996
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  • Article
    MARKET SUMMARY
    10 1 nvrooMP mm nmM M73) ssu g mmf moodb
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  • Article
    FINANCE
    29 1 I9f yy i pmti p" s"W«nnr, «b l~*wma±£m v *u EnS jmmam r l "T*f f -v KuaSnii Wi'wiwm W«M»MWH«»»w.wXl0 JU* -Ftatf Omtni Iwfc Oi>n—»mm (Source: NatWest Bank)
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  • Article, Illustration
    Lock icon Pidemco Land aims to be world-class player
    552 1  -  Plans include itake in Cockpit project, redevelopment of Hill Street complex By. Lee Han Shih [SINGAPORE] Just three months after a new management took over the reins at Pidemco Land, the governmentowned property giant is poised to take on the world. Yesterday, Pidemco
    ARTHUR LEE  -  552 words
  • Article, Illustration
    S'pore manufacturers group to build Qingdao industrial park
    401 1  -  SCI aims for $500 m ininratmenUfrom S'pore inverter* By: Lu Ning [SINGAPORE] The Singapore Confederation of Industries (SCI) is building an Industrial park within the Qingdao HiTech Industrial Park (HHP) in the Chinese province of Shandong, and expects to see investment commitments
    401 words
  • Article
    Rupiah falls again, Ms, baht rise
    334 1  -  Movements follow ministers' remarks, political development By] Paul Leo [SINGAPORE] Movements In regional currencies were driven yesterday by politics or politicians' remarks, with Indonesia's currency declining a further four rupiah to 2,326 against the US dollar, the Malaysian rlngglt rising 0.32 of a cent
    334 words
  • Article
    Easyknit's share offer only 30% subscribed
    425 1  -  Short offer period, aversion to non-S$ stodu and cantion over retail counters blamed By- Teh Hooi Ling [SINGAPORE] Hongkonglisted garment exporter Easyknit International Holdings' public share offer was 70 per cent under-subscribed making it the first secondary listing here to draw such a disappointing
    425 words
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      63 1 £be Fart of Singapore Authority is confident of maintaining its lead to V MpH|of growing competition, says chief -vv gxecutto officer Khotjr jp Teng Chye in an intonrtiiwtthßT, Fgfj| P6BsB^D acceyting that the public is not ftßtttliajnfith E^taUfc^ DtenaML Earnings tend reliance on but operation, 4P iptMd&y wit the iSllgßrf
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      Page 1 Advertisements Column 2
      8 1 Not wlm to sell rupiah now, Pg 4
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      Page 1 Advertisements Column 3
      85 1 PUmms and CPL plan integrated retail hub, Pg2 HTi Kwokfamily Joins Cockpit project, Pg 2 Role.r Day-Date. Chronometer in 18 ct gold. Bezel and dial*et with brilliants. SINGAKSRE THE HOUR GLASS •TakcaNmayo Shopping Canine Tafc 734 2420 *Scott» Tel: 235 6627 Lucky Plceo Tel: 733 1262 CentrapoW Tel: 734 1598
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Land sales for Sentosa Cove to be launched from mid-1997
      431 2  -  Df PARLIAMENT SDC to torn area into Riviera-like resort witk marina, hotels, shops and boosing By Anna Teo PENDING market conditions, land sales for Sentosa Cove the waterfront development at the eastern tip of the island will be launched from
      FILE PHOTO  -  431 words
    • HOUSE Briefs
      • Article
        Anti-dumping measure passed
        68 2 SINGAPORE yesterday updated its law on dumping and unfair trade practices, bringing it in line with World Trade Organisation agrgjttients. 'QttXotttlervailing and Anti-Dumping DqRprSdftflphfcd yesterday replaces the Customs (Dumpjgggrt Act and to protect domestic and subsidised imports. It expands th**cope of "interested parties" in a dispute to
        68 words
      • Article
        Wider scope for Skills Development Fund
        57 2 ALL workers —the selfejnpioyed, contract workers, housewives or retirees rejoining the workforce —and school-leaverswill now be able to tap the Skills Development Fujidfbr training. The Skills Development Levy (AmendkAnn) Bill passed yesterday also establishes the SDF, current# a government fUnd, as an independent fund
        57 words
      • Article
        GIC has independent risk control unit
        124 2 THE Oovernmem wltegapore Investment Corporation now has an Independent risk control unit to monitor romnlianra limits anitraritn&H wits n#fnr— dealers. Nine uncovered recently were tSHpfii nature, said Deputy Prime Minister Lee yesterday. to queries from opposition MP L»w This Khiang, BO Lee said the
        124 words
    • Article
      PM Goh presents bills to raise maximum MPs in GRCs to 6
      408 2 Amendment bill also provides for at least eight single-seat wards THE maximum number of MPs (Member of Parliament) in each group representation constituency (GRC) is being raised from four to six. Prime Minister Goh Chok Tong yesterday tabled
      408 words
    • Article, Illustration
      Lock icon Power usage growth dips in June
      354 2  -  BYE OH THIS ECONOMY Industry By 1 Teh Hooi Ling THE manufacturing sector consumed 4.6 billion kilowatt hours (kwh) of electricity in the first half of the year 7 per cent up on the same period a year ago. According to the latest figures
      Source:  -  354 words
    • Article, Illustration
      Pidemco, Centrepoint plan integrated retail hub
      465 2  -  Joint project will cover five Orchard Read mall properties By, Jenny Lam IN WHAT could be a trend-set-ting move, two major developers, Pidemco Land and Centrepoint Properties, are working together to form an integrated retail hub with their five Orchard Road mall properties in
      465 words
    • Article
      Kwok family of Hongkong is third party in Cockpit project
      294 2  -  By. Lee Han Shih THE Kwok family, which controls Hongkong property giant Sun Hung Kai (SHK) Properties, has emerged as the third party in the Cockpit Hotel redevelopment project. Last week, listed Wing Tai said it and two unnamed partners
      294 words
    • Article
      PSA confident of staying on top
      479 3  -  Programmes to suit clients, new technology form part of CEO's strategy to beat competition By' Yong Mei Fong THE Port of Singapore Authority is confident of staying ahead in the face of growing competition from neighbouring ports and the impending emergence of new players
      479 words
    • Article, Illustration
      Lock icon Queensland govt lauds S'porean business body
      270 3  -  New association aims to promote trade and investment By\ Harish Mehta THE Singaporean business community in Brisbane yesterday formed a business association which has been hailed by the state government of Queensland's minister for economic development and trade, Doug Slack. The group was officially
      FILE PHOTO  -  270 words
    • NEWS Roundup
      • Article
        SM goes to London,New York
        71 3 SENIOR Minister Lee Kuan Yew arrives in London today, where he will give a talk at Asia House, a forum for economic, commercial and cultural activities between Asia and Europe, and at the Chairman's Club, a fbrum for heads of international businesses. He will then
        71 words
      • Article
        Lock icon Fined for exporting goods to Serbia
        90 3 The Straits Times IN THE first case of its kind, a local company was fined $10,000 for exporting goods to Serbia, in violation of the United Nations Security Council's sanctums against the republic. Yesterday, Zeron Trading Co Pte Ltd pleaded guilty to two cbargat
        The Straits Times  -  90 words
    • Article
      Water plant likely to start before schedule
      261 3  -  By Jennifer Lien VOLUME production at Hitachi Nippon Steel Semiconductor Singapore's wafer fabrication plant is likely to begin earlier than planned, the company said yesterday. This is because construction, originally due to begin this month, started a month and-a-half ahead of schedule in
      261 words
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      Page 2 Advertisements Column 1
      36 2 tional [iHjj Meet Dr Christopher Molander, the Chairman of Asian Programmes at our Special Combined Preview and find out more about the programmes. Date: 9 October 1996 Time: 6.30pm Venue: Redhill Room I,4th Floor PSB Building
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      Page 2 Advertisements Column 2
      86 2 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C«A~T.S. at 1800-737-1166. Awothf Cl—m#d Bwvtw For Sale By Private Treaty 12 Narooma Road Location Located in the pieetigioue Bukit Tlmah area along Narooma Road, off Khaam Hock Road. IVpe
      86 words
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      Page 2 Advertisements Column 3
      29 2 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 3 Advertisements
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      Page 3 Advertisements Column 1
      5 3 1 u mneiM? BOSS elements
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      Page 3 Advertisements Column 2
      417 3 The most advanced ThinkPad yet. For less than you thought. fl $***** I Pentium 133 MHz 16MB RAM HDD SVGA TFT 4XCD-ROM MPEG-II data fax modem Windows The latest cutting-edge technology puts the ThinkPad* 760 ED in a class by itself. It's perfect for the executive who needs to do
      417 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • Article, Illustration
      Lock icon Not wise to sell rupiah now
      582 4  -  TBCMHIUALVIEWPOINT: RPPIAH The US dollar has the potential to move down to the 2,280 level By] Naresh Verma The writer is a manager of technical analysis advisory (South-east Asia) at Dow Jones Telerate. The opinions in this column are personal and do not represent
      Source: Dow Jones Telerate  -  582 words
    • Article, Illustration
      Lock icon Index hits its lowest level in four years
      401 4  -  BT GOLF INDEX It lost over 2 points in August, falling for third straight month By\ Shahiron Sahari [SINGAPORE] The Business Times Golf Index fell for the third consecutive month in August, shedding 2.26 points to 203.4, the lowest point since it
      ALLAN  -  401 words
    • Article
      Keep your money glued to the wheel
      437 4 EYE OMTHE REGIOH: MALAYSIA Vickers BalUs thinks the motor indostry is going places [SINGAPORE] Rising consumer wealth combined with rapid industrialisation will drive Malaysia's vehicle industry to new heights, Vickers Ballas Investment Research says in a report. For this reason, the broking firm
      437 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      302 4 MITSUBISHI DIAMONDTRON™ NX-DBF GUN PATENTED DIAMONDTRON™ TECHNOLOGY LARGE VIEWING AREA AND SUPREME IMAGE QUALITY APERTURE GRILLE CYLINDRICAL CRT SURFACE TENSION WIRES HIGHLY INTEGRATED CIRCUITRY DIGITAL CHASSIS DESIGN ADVANCED ADJUSTMENT FEATURES DIAMOND PRO 21TX F BETTER BY DEFINITION Mitsubishi is a name that spells excellence in technology employs a special aperture
      302 words
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      Page 4 Advertisements Column 2
      45 4 UNIVEX BUSINESS MEMO Your Personal Digital Voice Recorder 12/24 minutes ■I ggvj 400/800 messages -secuntycode j yvx l business card size a# l|Y\ fliiul™ jv Please call us to get our informative folder. World Technologies (S) Pte. Ltd. Ph: 323-2736 468, Temple Street, Singapore *****1.
      45 words
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  • SOUTH-EAST ASIA
    • Article
      Indon telecom players clinch US$1.5b financing
      519 5  -  JAKARTA Deals with three private groups shew banks'faith in Jakarta: analysts By\ S N Vasuki IN a major vote of confidence for Indonesia, international banks have advanced over US$l.5 billion (Ss2.l billion) in long-term financing for three private sector consortiums investing in the country's
      519 words
    • Article
      Lock icon Technical hitches delaying Bakun signing: Dr M
      286 5 KUALA LUMPUR Reports of differences among shareholders causing delay are incorrect, he says AFX-Asia, Reuter PRIME MINISTER Mahathir Mohamad said that "technical hitches" are delaying the signing of contracts in the M 513.6 billion (SI7 6 billion) Bakun dam project and are expected
      AFX-Asia,; Reuter  -  286 words
    • Article
      Lock icon Junta to release over 500 opposition detainees
      197 5 ■YANGON AFP MYANMAR authorities said yesterday that more than 500 supporters of Aung San Suu Kyi who were detained last week would soon be released, but that some might be subject to separate legal action. "As for those who would be breaking the
      AFP  -  197 words
    • NOTE Book
      • Article
        Lock icon Cambodian floods a disaster:US
        30 5 AFP fPHNOM PENH] Cambodia's flood-ravaged areas along the Mekong River were declared a "disaster" yesterday by the United States, which donated U8»&0<#<Sf35,Q00). An wtimatttf 1 —AFP
        AFP  -  30 words
      • Article
        Lock icon Viet interest rates cut
        44 5 Reuter WAnnii Tiw rwrtnii twnk v<ielan1a r rnt Intrroaf rntes for the fourth time this year. With Immediate effect, the rate ceiling on short-term local currency loans was cut to 1.28 per cent per month from ijq per cent —Hwrtw
        Reuter  -  44 words
      • Article
        Lock icon Jakarta warns against communism
        51 5 Reuter [JAKARTA] Indonesian President Suharto yesterday lad a ceremony at the monument for generale killed to an abortive 1965coup bid, as ths government warned the country's 196 million people oftbedangsrs of communism. The now banned Indonesian Communist Party (PKD has been blamed for the coup attempt.
        Reuter  -  51 words
    • Article
      Lock icon Viet investors to pay for infrastructure
      201 5 HANOI AFP VIETNAM is drawing up rules requiring investors to contribute to a fond for infrastructure development, a finance ministry official said yesterday. Foreign and domestic investors would have to pay a sum to the Urban Infrastructure Development Fund when they register their investment
      AFP  -  201 words
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      37 5 eiili; <ysw I ,iMI <»9fll; r .ofc jodlr .vol4i 3000 PEOPLE WERE WAITING TO HEAR HIM SPEAK IN SINGAPORE. HE LEFT HIS SPEECH IN THE TAXI. STILL MANAGED TO.GET A STANDING OVATION. 1 «■-< v r < .I^^, •.Jik-V-m
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon More HK tycoons expected in race to be chief exec
      280 6 HONGKONG AFP MORE Hongkong business tycoons are expected to join Peter Woo in the battle to head the territory's government after its return to Chinese rule. Mr Woo, who stood down as head of the Wheelock group and gave up
      AFP; REUTER  -  280 words
    • Article
      Lock icon Bank of China blasts Moody's over FRCD rating
      360 6 HONGKONG Bank says Hongkong branch is subject toHKMA's strict supervision Reuter THE Bank of China on Monday blasted Moody's Investors Service for rating the recent floating rate certificate of deposit issue of the bank's Hongkong branch at Baal. "We are of the
      Reuter  -  360 words
    • Article
      Beijing to let foreign banks move into yuan business soon: banker
      531 6  -  WASHINGTON Shanghai or Pndong area likely sites for pilot scheme, says Bank of China chief By. Anthony Rowley FX)REIGN banks in China will soon be permitted to engage in local-currency business, Bank of China chairman and president Wang Xuebing
      531 words
    • Article, Illustration
      Lock icon Wrestling for a view
      76 6 [BEIJING] People climbing up on a Qtng dynasty stone lion tofind somefresh air and a clear view among the crowds in Beijing's Tiananmen Square, where hundreds of thousands packed shoulder-to-shoulder to view the floral displays for the National Day holiday yesterday. To mark the day, the
      AFP  -  76 words
    • Article
      Lock icon Tsang sees surge in growth after 1997
      131 6 WASHINGTON Reuter HONGKONG'S economy, which has had uninterrupted growth for 35 years, will surge further once the territory reverts to Chinese rule, Finance Secretary Donald Tsang said. "Once people wake up from the excessive pessimism, there will be a real boom in Hongkong,"
      Reuter  -  131 words
    • Article
      Lock icon Plans for more foreign bank branches?
      146 6 BEIJING AFP AUTHORITIES are mulling an increase in the number and variety of foreign financial Institutions allowed to open branches in the capital, a senior banking official was quoted yesterday as saying. Since the first foreign bank branch opened in July 1995, only six
      AFP  -  146 words
    • Article
      Lock icon China now a buyer's market, says Xinhua
      201 6 BEIJING AFP CHINA is now a buyer's market, Xinhua said yesterday, harking back on China's national day to the serious lack of consumer goods in the last decades of communism. About 85 per cent of Chinese families own television sets, with the country
      AFP  -  201 words
    • SINO Briefs
      • Article
        Lock icon 17 firms vying for telecoms licences
        46 6 Reuter [TAIPEI] A total of 17 joint ventures have submitted 42 applications for eight mobile phone operating licences to be granted by Taiwan's government at the end 0f1906, a government official from the Ministry of Transportation and Communication said yesterday.—Renter
        Reuter  -  46 words
      • Article
        Lock icon Foreign firms'capital growth up 29%
        55 6 AFP [BEIJING] Shanghai's foreign-funded firms beat the domestic private sector in terms of registered capital growth during the first seven months of this year, Xinhua news agency said yesterday. Registered capital growth of foreign-fUnded firms soared by 29.07 per cent while the domestic private sector's
        AFP  -  55 words
      • Article
        Lock icon Three Gorges project progressing well
        68 6 Bloomberg Business News [BEIJING] Construction of the Three Gorges Project, the world's largest hydro-electric undertaking, has been progressing smoothly with some items slightly ahead of schedule, the Xinhua agency reported on Monday. The Yangtze River, the longest in China, will be dammed in November next
        Bloomberg Business News  -  68 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      102 6 Lee Man Fong. (1913-1988), Ten Doves, Oil on Board, 90 by 122 cm. Estimate. 5560.000 5590.000 V 1 Inaugural Sale of I I Fine South East Asian Paintings I Exhibition: Thursday 3 Friday 4 October from 11.00 am to 6.00 pm Casuarina Suites, Level 3, Raffles Hotel, Seah St. Entrance
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      Page 6 Advertisements Column 2
      132 6 ASIAUNK PORTFOLIO AUCTION 7 MVESTMENT OPPORTUNITIES NEW 12+10 YEAR LEASES IwtwwHoml F—l Food Owif 70 9torm WoiMwMi i I Auction Detail* Rtnal 11am Thursday South Hedbnd STOOOOvanm I 31«t October 1996 Momfai XOOOOranm Panndia Hilton Hotel cdk $*****|>. nnt 3 Perth, Western Australia. j Further Detail* Contact: Nqth i7SACOr* t*n
      132 words
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  • ASIA
    • ASIA Notes
      • Article
        Lock icon New Japanese party gains popularity
        86 7 AFP [TOKYO] A new Japanese party formed mainly by defectors from two other parties is now the second most popular behind the Liberal Democratic Party (LDP), a newspaper poll showed yesterday. The 9 per cent support rate for the Democratic Party compares with 28 per
        AFP  -  86 words
      • Article
        Lock icon Queensland scraps power project
        59 7 Bloomberg Business News [BRISBANE] The Queensland state government has bowed to pressure from environmentalists and scrapped a Assoo million (SfS55 million) hydroelectric project in the north of thestate, Brisbane's Courier Mail reported yesterday. The dam for the 600-megawatt power station would have flooded more than 1,400
        Bloomberg Business News  -  59 words
      • Article
        Lock icon A$10.000 gold pass to Sydney Games
        82 7 Reuter [SYDNEY] The Australia Stadium Consortium, which will build the main stadium for the Sydney 2000 Olympics, yesterday said it will raise A 1364.4 million through the sale of passes to attend events at the Games. Australia Stadium said the estimated cost to build
        Reuter  -  82 words
      • Article, Illustration
        Lock icon Downer seeks N-arms ban
        79 7 Reuter [UNITED NATIONS] Australian Foreign Minister Alexander Downer on Monday called for an international convention barring any further manufacture of weapons-grade nuclear material and another banning landmines. "Having at last, after 33 years, met the challenge of CTBT (Comprehensive Test Ban Treaty), the international community must
        Reuter  -  79 words
    • Article
      Lock icon BJP may lose crucial state elections
      155 7 NEW DELHI AFP HINDU nationalists could narrowly lose a crucial election underway in India's most populous state of Uttar Pradesh. An opinion poll published yesterday predicted that the Bharatiya Janata Party (BJP) might win up to 205 seats in the 425-member Uttar Pradesh assembly,
      AFP  -  155 words
    • Article
      Lock icon Hashimoto pledges to carry out deregulation
      333 7 ■TOKYO There may be supplementary budget after elections AFP, Reuter JAPAN'S Prime Minister Ryutaro Hashimoto pledged yesterday to carry out a six-point deregulation programme and take "necessary measures" to boost the economy. Mr Hashimoto made the pledge four days after he dissolved the parliament
      AFP,; Reuter  -  333 words
    • Article
      Lock icon Kubo says he welcomes strong US$
      227 7 m NEW YORK Bloomberg Business News JAPAN'S Finance Minister Wataru Kubo said he welcomes the US dollar's current strength against the yen but stopped short of calling for an even stronger dollar. The dollar, which rose to a 2 v*-year high of 111.68 yen
      Bloomberg Business News  -  227 words
    • Article
      Lock icon Insurance dispute: US, Japan set new Dec 15 deadline
      342 7 WASHINGTON Reuter THE United States and Japan agreed yesterday to set a new deadline of Dec 15 to settle their long-running dispute over insurance, putting off any immediate threat of US trade retaliation. The announcement was made by Japanese Finance Minister
      Reuter  -  342 words
    • Article, Illustration
      Lock icon NZ dollar steady on high interest rates
      168 7 WELLINGTON Bloomberg Business News THE New Zealand dollar was little changed yesterday, near its highest level in eight years, as the attraction of the nation's high interest rates continues to affcet concern about the outcome of the Oct IS poU. Further proof of
      Bloomberg Business News; Source: Bloomberg; ALLAN  -  168 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      255 7 Now until 5 October Only! Sponsored by The Asian ||f Society of Trichology (AST) It's amazing how many people suffering from hair loss simply C APT* accept it. The fact is, there are numerous causes, some inherited, Tnn[lir MTCNU CAM many acquired or contracted. irri»iMW«r mUm The most important fact
      255 words
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      Page 7 Advertisements Column 2
      98 7 > 4 rwie et.J? £fn» tirfl Tne rare perfection of Palek Philippe al The Hour Glass p 1 <►-. SCO V A r --r* ,Wi ,aH aU«* tke is|iili4i 1% lealwess eeck Palek PkihfqM ie W fc! ear collection. After all, 'we see tweUi as fioeooissoaii AJ ear casleaiers as
      98 words
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  • THE WORLD
    • Article
      Lock icon US leading indicators hit new high
      397 8 WASHINGTON Bat down* growth at US factories raffiesti ilowdown expected by Fed pay bo developing Bloomberg Business News (WASHINGTON] The index of Wading economic indicators jLEI), designed to predict US Mainess activity over the next SUf year, increased in August ftr the seventh consecutive
      Bloomberg Business News  -  397 words
    • Article
      Lock icon US to allow data codes exports
      141 8 NEW YORK Reuter US President Bill Clinton has decided to allow US computer firms to export more powerful data scrambling software so long as they establish a system that would enable keys to the code to be obtained by law enforcement officials with a
      Reuter  -  141 words
    • Article, Illustration
      Lock icon Clinton meets Netanyahu, Arafat separately
      326 8 WASHINGTON Reuter PRESIDENT Bill Clinton met separately with Israeli Prime Minister Benjamin Netanyahu and Palestinian President Yasser Arafat yesterday, opening a Middle East crisis summit amid heavy security and secrecy. The Netanyahu meeting led off Mr Clinton's planned two-day effort to rescue a peace process
      Reuter; REUTER  -  326 words
    • Article
      Lock icon US will remain engaged in S-E Asia, says Perry
      400 8 WASHINGTON Defence Secretary hflKlf wider anglng talks with Tony Tan The Straits Times THE United States Intends to keep Its sizeable force of more than 100,000 military personnel In the Asla-Paclflc for some years to come and will stay engaged throughout
      The Straits Times  -  400 words
    • Article, Illustration
      World Bank chief applauds S'pore
      405 10  -  WOSLD BAMS/mr MBETDVOS m WABHDIOTOM But he ladies out at cancer of corruption in many developing countries Reports by Aathoay Rowley WORLD Bank president James Wolfensohn yesterday singled out Singapore for special praise at the opening of the World Bank and International Monetary Fund annual
      405 words
    • Article
      Poor debt-relief plan gets go-ahead
      420 10 THE final plank of a multinational and multi-institutional agreement to slash the "unsustainable" debt burden of the world's poorest countries was put in place in Washington on Monday when the joint Development Committee of the World Bank and the IMF endorsed the weekend agreement by
      420 words
    • Article
      Lock icon Clinton signs budget bill into law
      248 10 WASHINGTON Reuter PRESIDENT Bill Clinton signed a budget bill into law late on Monday, clinching his top spending priorities in a major victory over the Repub-lican-led Congress. In a statement, Mr Clirvtpff said the new law "moves ui further towards our goal gf a
      Reuter  -  248 words
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      Page 8 Advertisements Column 1
      91 8 a > ?V /"a" New oloiii New loijo A new «-1*«-1<| y sl.tlioit\ <lt'\if|U4*<l to ijivc you l«-.i<liu<| I I k ,11 woi l< .111 x is <li.lii i lit) |>c rforin.l it c <■ ii i <11 iv to in .i k4* iistoinii s >r Oiii |m o|>I« .114'
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      484 9 Do You Question \bur Company's Reasons .V For Choosing Your Hotel So Do We. 4 4 J v., it-- 1 When it comes to approving your corporate 'home away from ringing in your finance department, will be the host of new benefits home' the bottom line for those who hold
      484 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      275 10 jSHOWER SCREENS PROMOTION! FRONT SLIDING 1 SLIDING/RETURN CORNER ENTRY ||p $210 onwards From |420 onwards From $490 onwards !j —mm mm f QUADRANT FRAMED PIVOT FRAMELESS Fro* $120 onwards From $450 onwards From $1,300 onwards 1— System features water-tight sills. Other configurations availabfe-individually designed, made to measure. No grooves on
      275 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Next recession is being made in Washington
      861 11  -  TBB BOTTOM LOT OPINION By Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology. This commentary first appeared in Los Angeles Times IN the final weeks before Election Day Nov 5, America finds itself enjoying surprising prosperity. We pinch
      861 words
    • Article
      IN OTHER WORDS
      116 11 'In political life, this most commonly takes the form of ignoring what women say and commenting on how they look. Thus has women's contribution to the political process been trivialised for years and years/ -HataiCtark New Zealand Labour Party leader on the assumed limitations of being a
      116 words
    • Article
      An issue in US foreign policy
      619 11 EDITORIAL POREIGN policy issues have been pushed to the margins in the US presidential campaign. But where it has surfaced there has been a tendency to politicise US diplomacy. The Republican-dominated Congress, in particular, has taken advantage of the election season to pander to
      619 words
    • Article, Illustration
      Lock icon Autumn of discontent
      1160 11  -  German workers are enraged at the way firms are enforcing a new law that cnts sick pay by 20% From, Edmund Andrews NYT in Frankfurt SHRUGGING OFF wide-scale worker protests, Germany's biggest industrial corporations plan to trim back some of the most generous employee benefits in the
      NYT; AFP  -  1,160 words
    • Article
      Both broadcasters use the latest digital technology
      394 11  -  jgin.PAT John-Kevin McIntyre senior vice-president and general manager Discovery Asia Inc Singapore I AM pleased to respond to P J George's questions about the Asia Broadcast Centre in Singapore (BT, Sep 25, 1996) and how it compares with the All Asia Broadcast Centre
      394 words
    • Article
      WHAT THE OTHERS SAY
      404 11 Japan awaits October poll JAPAN'S Lower House has been dissolved. A general election will be officially called on Oct 8, with balloting scheduled for Oct 20. Since the last Lower House election in July 1993 brought Morihiro Hosokawa to power, three other administrations have come into
      404 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      40 11 DOOMESBURY By Garry Trudeau RBPUBU-\(uHoe&t PBHOOMS. ueu,(*Ai. W ICANTBBUEMZANfONB W\ ATTORNB/GBNBRALJfIB CANS?ARB I tUOUtPRA/P WSAN BUTTH&f MXiP SHJT POMN 7HB J I LOCAL OOPS WOU&fTPOTT, fOUSURB* ASANCOJAK/ BL6CHON WOULPNT CANNABISBWBRS>QJJB! J SOTHBf NAP TOBR/N6IN Tmy ,> FOR. (TYING I )/BAR- USBABATePueucANs
      40 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Bill Blass label set to make a blast
      598 12  -  S'pore's well-heeled will experience a new form of luxury shopping when F J Benjamin opens its first free-standing Bill Blass boutique here next month, says cobimmb CORINNE KERK AFTER gaining the international licence to produce leather goods for US designer label BUI
      598 words
    • Article, Illustration
      Singapore-leg draws strong lineup of regional golfers
      361 12  -  PGA CHAMPIONSHIP Many past champs among the over 165 entrants vying for top prize of U5532,300 By\ Eileen Chan EXPERIENCE breeds confidence, and this year's Singapore PGA Championship is no exception to the rule. With purse money of US$2OO,OOO (*****.480) up for grabs,
      361 words
    • Article
      Haarhuis is first seeded casualty
      344 12 HEINEKEN OPEN [SINGAPORE] It was a bad day for the Dutch at the Heineken Open yesterday. Paul Haarhuls blamed his recent marriage for becoming the first seeded casualty of the U*****,500 (*****,491) tournament here while world number two Michael Chang whipped Haarhuls' compatriot, Dennis Van
      344 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      323 12 Do you want to win a free holiday for two to Perth? lies, I do. HP^ Here is your chance to win a 5 day/4 night trip for two to Perth flying Singapore Airlines and staying at the exclusive Joondalup Resort HoteL All you need to do is answer the
      323 words
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      653 13 I vJJLI i\ jXJJTV/JRJCi Pi I Where to wine, dine and entertain j. ll_lll i I i i /it** Hi I I HI CONNOISSEURS RENDEZVOUS 1 1 A popular rendezvous for connoisseurs of Syphon Brewed Coffee, Tea and pre-dinner cocktails. "Cosy, private and quiet" Just the place to relax, catch
      653 words
    • Advertisement
      Page 13 Advertisements Column 2
      108 13 Bite j At The Neptune on shenton Way i D\an Xin/Lunch 11.30am-2.30pm 7TW FUX*. OVERSEAS UNON HOUSE. I OOLLYEX QUAY. SINGAPORE *****1 TIL; 224 3022 Frw* f«l| ocHfcer, ymt cm m mMc Mu«\j Duck mUc «tw4f f«»i* is)Mf $l I.IT. /M Vy foyng mdU« fl4 Y** cm Imm my M
      108 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      786 13 TV&RAPIO f Generation Darmok. Choice). Q22S2SZQIS3HHHHHHHHHHHHHHHHHHBI L 45 Extra International. IXOO MN TV Innovations. LOO PM The Winners. X3O Hogan's Heroes. ZOO AM Close. L3O Money, Money. Money. SUM Simon. W XOO The Money Club. Thunder Alley Acci- X3O TV Innovations. dentally at First Sight. 3.00 Children's Day Special: 3J6
      786 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      208 13 CRYPTIC CROSSWORD ACHOBB mk 1 —j 1 1 r —l E —i F —j j= private prayers (6,7) 8 fIV MMHHBf tt| SB MM 7 Lower a small hood (5) PW—W—W— volved in brief love affair SBf HE JBf ■BflHff JK JBL 11 Jerusalem composer has to 22 Given a
      208 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      316 14 -A I I lit I 4> JI J To succeed in unfamiliar territory, you need someone with experience at your side I Getting ahead nowadays often requires you to skilfully seek out and seize whatever situation arises. In the world of banking, this someone is -i .>" '&k opportunities wherever
      316 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon HK firm Burwill posts 42% plunge in earnings
      409 15  -  %*pere, blames steel prices and a lack of m Teh Hooi Ling [SINGAPORE] Hongkonglisted property developer and metal trader Burwill Holdings yesterday reported a 42 per ient plunge ta net earnings to HK178.3 million (8*13.7 mil*lion). Turnover for the year end*ed June
      Source:  -  409 words
    • Article
      Lock icon Hongkong's IDT to float unit in S'pore
      201 15 Bloomberg Business News HONGKONG] IDT Internaflbnal Ltd, an electronics comwiH sell shares In its liqv ffrst quarter of 1997, the com- >. The subsidiary 1 products iMlude measuring devices, timing devices, health-care rjvoducts~attd printers. The Hrent company makes con-Kner-electronics goods snd •perdless telephones.
      Bloomberg Business News  -  201 words
    • Article, Illustration
      Listing nod for Delifrance
      141 15 [SINGAPORE] Cafe-bakeries chain DellfTance Asia said yesterday It has received inprinciple approval for its listing on the main board of the Stock Exchange of Singapore. DellfTance, which retails and wholesales French pastry and food products, operates more than 120 retail outlets and five factories in Asia.
      141 words
    • Article
      A good time now to reassess Transpac Industrial
      778 15  -  lIOCK LOCK SIEW Paul Leo Transpac industrial Holding® (TIH), the only listed venture capital ftind, it not a well understood stock. Its share price has been on a downtrend since its listing in March 1904. Worse, it did not once rise above
      778 words
    • Article
      Scotts gives details of $3.2m owed
      425 15  -  Directors say they have already arranged for amount to be paid by Oct 14 By' Ven Sreenivasan [SINGAPORE] The Scotts Holdings saga continued yesterday with the company providing the Stock Exchange of Singapore with a statement detailing the $3.2 million owed by director-related companies,
      425 words
    • Article
      SBS unit jointly building factories on giant Tuas site
      357 15 [SINGAPORE] Singapore Bus Service Ltd, through Its wholly owned subsidiary Waterbank Properties, is jointly developing a 130,000 sq metre industrial site in Tuas South with Technology Parks and Lend Lease Asia. The consortium, which offered the highest price of 183.38 million,
      357 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon HM Sampoerna under fire
        601 16  -  Cigarette firm's acquisition of 2-86% Astra stake provokes fond managers and rating agencies From S N Vasuki in Jakarta INDONESIAN listed cigarette tfkrm, PT Hanjaya Mandala .Sampoerna, has come under from fUnd managers and lglobal rating agencies for acquiring a 2.85 per cent equity *stake in
        Source: Bloomberg  -  601 words
      • Article
        Aokam shocks market with M$144m net loss
        378 16  -  Timber group cites weak timber prices and log shortage From, Ruth Wong tn Kuala Lumpur TIMBER-BASED Aokam Perdana Bhd shocked analysts with bottomline losses when the group reported a net loss of M 1144.73 million (SsBo million) for the year ended June 30,
        378 words
      • Article
        Telekom plans major push abroad
        372 16  -  Grttp will plough ;Ms3oo-Ms4oominU i imhftag markets jy Teh Hooi Ling 5 (SINGAPORE] Telekom Malaysia Bhd (TM) is planning overseas expansions to the tune of Ms3oo-M*4oo million (SII6B-***** million) in the next five years. Mohd Khir Harun, Tele--1 kom's senior vice-president Ibr major business and
        372 words
      • Article, Illustration
        Soft launch
        58 16 [KUALA LUMPUR] The 645-room Mandarin OflHbo/ Hotel at the multi-billion-dollar Kuala Lumpur Centre will be soft-launched in December 1997, says group managing director Robert Riley. The USs2oomillion (SS2Bomillion), 30-storey hotel is jointly developed by Singapore-listed Mandarin Oriental Hotel group and the KLCC (Holdings) Sdn BheL Mandarin Oriental has
        58 words
      • Article
        Lock icon Seal tussle sees 4 directors ousted
        350 16 Bernama [IPOH] The boardroom struggle at Seal Incorporated Bhd appears to have ended with the removal of four of its directors, including chairman Jaffar Abdul and his deputy, Soo Thian Chai, at the company's extraordinary general meeting here yesterday. The other two are Chai
        Bernama  -  350 words
      • Article
        Lock icon Andayani's 800b rupiah rights issue approved
        150 16 Bloomberg Business News [JAKARTA] PT Andayanl Megah's minority shareholders approved the company's planned 800 billion rupiah (Sg4Bo million) share sale, spokeswoman Safltri Setiawan said yesterday. Owners of 800,000 shares voted against the plan. She said she didn't know the total number of votes cast.
        Bloomberg Business News  -  150 words
      • Article
        Two top Deutsche Morgan Grenfell directors join SGS
        313 16  -  By] R Sivanithy [SINGAPORE] Two of Deutsche Morgan Grenfell's top directors, broking arm boss Lai Hock Meng and equities research chief Foo Fatt Kah, both of whom resigned recently, will be joining rival firm Soc-Gen Crosby (SGS). SGS said yesterday that Mr
        313 words
      • COMPANY Briefs
        • Article
          Showpla signs $25m DBS loans
          24 16 [SINGAPORE] Showpla Asia yesterday secured tiro loan facilities totalling $2S million from DBS Bank to finance its regional investments.
          24 words
        • Article
          SIA associate confirms Airbus order
          36 16 [SINGAPORE] Singapore Airlines associate Singapore Aircraft Leasing Enterprise yesterday confirmed a firm order for eight Airbus A33os and four A32ls, plus optkms for 12 aircraft of any type from the A33ofkmiiy.
          36 words
        • Article
          SNP to gain $1.6m from shophouse sales
          49 16 [SINGAPORE] The tale ofSNP Corporation's subsidiaries' shopbouses in Ang Mo Kio and dementi for million last month will boost its earnings per share by 2.78 cents in the current year. SNP will gain about $1.6 million before deducting expenses and transaction costs.
          49 words
        • Article
          Heng Chiang Meng joins Econ's board
          77 16 [SINGAPORE] Econ International has appointed 51-year-okl Heng Chiang Meng as non-executive (independent) director. Mr Heng is currently executive director of Far East Organisation and director of Yeo Hiap Seng and Overseas Union Securities. He is also the vice-chairman of Cheng San Town Council. Econ
          77 words
        • Article
          Nippecraft replies to SES
          44 16 [SINGAPORE] Nlppecraft has told the stock exchange that it is not aware of any reason for its shares' high trading volume, Ntppecraft was the most active counter yesterday with 9 million units traded. It rose 4.5 cents to 65 cents.
          44 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Sino Land's 60% profit cut expected
        348 17 inlrMlnitikn intOMooutlut fur's exceptional pUnoHZSLftb Reuter (HONGKONG) lino Land Co Ltd'a 90 par cent drop In 1998/99 net profit was In line with expectations, after an ex> ceptional gain of HXII.M billion (*****,4 million) In the 1994/91 financial year booeted earnings In that period,
        Reuter; Source: Bloomberg  -  348 words
      • Article
        Lock icon Daewoo-Lotus talks suspended
        411 17 lorwa firm'i bid to biqr cuiQAker bmlu down ofvr tims Reuter FT (SBOt/L] South Korea's Daewoo Motor Co, a unit of the Daewoo Group, said yesterday long-running talka with British sportsoar maker and auto engineer Lotus Group had broken down as the two parties Allied to narrow
        Reuter; FT  -  411 words
      • Article
        Lock icon Formosa Plastics to issue NT$4.2b bonds
        248 17 Reuter (TAIPRIJ Talwan'a Formoea Plastics Corp will Issue NT94.S billion (*****9 million) worth of five to seven-year una* cured corporate bonds In late October to ralae funds tor operations, lead underwriter Grand Cathay Securltlea aald yesterday, "Formoea bonds' weighted average coupon rate, at an
        Reuter  -  248 words
      • Article
        Lock icon Ming Pao to write off HK$188m unpaid loans
        150 17 Bloomberg Business News [HONOKONO] Ming Pao Rnterpriae Corp will take legal action to try to recover HKllgg million (BIS4J million) in unpaid loana, saying it will write off the loana in the six months ended Sep 90. The Hongkong-baaed newspaper publisher made
        Bloomberg Business News  -  150 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon US stock and bond underwriting shrinks 13%
        447 18 Stockmarketand interest rate uncertainties cited as reasons for Q3 fall NYT [NEW YORK] Stock and bond underwriting has shrivelled in the third quarter. The securities industry underwrote U*****.3 billion (*****.4 billion) of domestic debt and equity issues in the third quarter, a drop
        NYT  -  447 words
      • Article
        Lock icon Merrill ups Northrop Grumman profit forecast
        211 18 Bloomberg Business News [LOS ANGELES] Northrop Grumman Corp's 1997 and 1998 earnings estimates were raised by Merrill Lynch Co analyst Byron Callan because of increased production of Boeing Co's 747 airplane. Northrop Grumman, which has made parts of the Boeing plane for 30 years,
        Bloomberg Business News  -  211 words
      • Article, Illustration
        Lock icon News Corp to sell Fox Kids stake
        461 18 IPO wiD help fund OV6TB6AS expansion for children's TV imit Bloomberg Business News [LOS ANGELES] News Corp plans to sell a US$l5O million (Ss2ll million) stake in its Fox Kids Worldwide Inc unit, which creates and distributes such children's television shows as Mighty
        Bloomberg Business News; FILE PHOTO  -  461 words
      • Article, Illustration
        Lock icon Trump 'discussing something' with Rank
        257 18 Bloomberg Business News [NEW YORK] Donald Trump has said Trump Hotels Casino Resorts Inc is "discussing something" with Rank Organisation pic. "We are discussing something with Rank but I can't comment on those discussions right now," Mr Trump told reporters at the Plaza Hotel here
        Bloomberg Business News  -  257 words
      • Article
        Lock icon Olivetti debt soars to 2.4 trillion lire
        219 18 Reuter [MILAN] Italy's troubled information and technology group Olivetti says its net group debt nearly doubled in July and August due to seasonal payments to suppliers and heavy restructuring costs. The company, under financial scrutiny by official bodies and analysts, said on Monday
        Reuter  -  219 words
      • Article
        Lock icon AT&T completes spinoff of Lucent
        184 18 Bloomberg Business News [MURRAY Hiuu New Jersey] AT&T Corp has completed its spin-off of Lucent Technologies Inc, giving shareholders 525 million shares cf the telecommunications equipment maker in the largest US stock distribution ever. Lucent and AT&T were to begin trading yesterday as separate companies.
        Bloomberg Business News  -  184 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Deutsche Bank will fight to retain its triple-A rating
        332 19 Ibotr'sdadriMi to review tag- tarm ntting follows a dollar (tap Iqr S6P Reuter [WASHINGTON] Deutsche Bank AG, Germany's largeet bank, said it would fight against any downgrading of its triple-A credit rating, but made clear that any change should not adversely
        Reuter  -  332 words
      • Article
        Lock icon Amex unit to offer internet trading
        403 19 Its customers will be able to trade mutual ftmds, stocks via Net •tartln| on Friday Bloomberg Business News [NEW YORK] American Express Co's Financial Direct unit said Its customers will be abls to trade mutual funds and stocks via the Internet starting on Friday.
        Bloomberg Business News  -  403 words
      • Article
        Kemper Re to open S'pore branch
        242 19  -  By I Soh Tiang Keng [SINGAPORE] American reinsurer Kemper Reinsurance has received ln-prlnclple approval from the Monetary Authority of Singapore to open a branch here, its first In Asia. The company la likely to start operating In Singapore later this month, according to Kemper
        242 words
      • Article
        Lock icon Rothschilds set for major revamp
        125 19 Reuter [LONDON] The Rothschild banking dynasty la expected to announce a major reorganisation as part of a mova to Integrate Its worldwide buslnesses, the Independent newspaper said yesterday. This will Involve the eetabllshment of a new Investment banking committee, chaired by Baron David de Rothschild,
        Reuter  -  125 words
      • Article, Illustration
        Lock icon Prosecutors seek help in Sumitomo trading loss probe
        454 20 Special task force interviews traders about mechanisms of how the LME copper contract is traded Reuter ITOKYO] Japanese prosecutors are seeking help from local trade houses in their probe into Sumitomo Corp's US$2.6 billion (553.6 billion) copper trading loss, sources close to
        Reuter  -  454 words
      • Article
        Rubber will bounce back: dealer
        434 20  -  But sceptics point to speculators' absence from Tokyo robber futures market By I Siow Li Sen SINGAPORE rubber prices are 26 per cent lower than at the start of the year but one major Singapore dealer yesterday bucked market sentiment and predicted they will bounce
        434 words
      • Article
        Lock icon Petronas denies plans to buy Chandra Asri stake
        159 20 AFP [KUALA LUMPUR] Malaysia's national oil corporation, Petroliam Nasional Bhd (Petronas), said yesterday it had no plans to acquire a stake in Indonesian-based PT Chandra Asri Petrochemical Centre. "We have absolutely no interest in buying PT Chandra Aqriand we have also not
        AFP  -  159 words
      • Article
        Lock icon Aussie exchange changes wool packs
        256 20 Reuter (SYDNEY] The Australian Wool Exchange Ltd said yesterday it will phase out its Standard 1 wool packs from July 1 to fight the contamination in processed wool. Packs already in circulation will still be acceptable, but will cease to become available as for retail
        Reuter  -  256 words
      • Article
        Lock icon Euroyen, JGBs remain firm
        217 20 niratin Report Reuter [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures stayed near contract highs yesterday as confidence in the Bank of Japan's current monetary policy remained strong. Brokers said that comments on Sunday by Bank of Japan governor Yasuo Matsushita that the fall in
        Reuter  -  217 words
      • Article
        Lock icon CURRENCY REPORT
        169 20 Reuter, AFP THE dollar was pushing to session highs against the mark, shrugging off French President Jacques Chirac's doubts that Italy will be part of the first group of countries participating in Europe's monetary union. Analysts said a first wave of EMU that included Italy could be seen
        Reuter,; AFP  -  169 words
      • Article
        Lock icon India seeks long-term diesel contracts
        297 20 ENERGY REPORT Reuter [SINGAPORE] India's stateowned Indian Oil Corp (IOC) is seeking more diesel through long-term purchase contracts so that it can tighten control over import flows and payments, trading sources said yesterday. Term contracts would allow lOC to plan longer term, especially at its
        Reuter  -  297 words
      • Article
        Lock icon Aussie miner files for US$800m shelf debt
        183 20 Reuter [MELBOURNE] Australian miner WMC Ltd said yesterday it had filed with the US Securities and Exchange Commission a shelf registration for up to US$BOO million (551.12 billion) in debt securities. The registration relates to the public offering of guaranteed notes, guaranteed debentures
        Reuter  -  183 words
      • Article, Illustration
        Untitled
        964 20 IllTBaBAMK OOS8 KATB8 q —8 ten wr m QIOiOHi fm 9m Ml H*m Hm U —o m H M* Hm m l<m ME *51 V2 im lxxnj3i w» a*7 S? °n« 1,06 *J* "2 £?5 n :2Z i" 3 09* 2007 0*2 04*9 am ta LSI9 1704 10.408 MSI L905
        964 words
    • Article
      COMMODITY PRICES
      1368 21 BIOOM FUTURES octl kj i roimuafsStvi" 0^1 OM* mm OM« Mwt» m \m fctt (tww) mSm NMM 176.00 1250 fccM mM 2290 £g S5 E8 Kg 38 US 5£» ss ss a a WlKW 183.50 3 COIfTtACT (US nato/ty M» OpM jf*» mi' Ml- vfig mtirm SS 3S
      1,368 words
    • Article
      WORLD STOCK MARKETS
      1758 21 icti ham ~*f A4 Porta W7 -1 Ihil) Hatf 4 999.400 *4400 MNOlXtl 492 3 Amoc uncti Atda Group 104.400 *1 •ATM 431.400 4.400 8ICC 29X400 -1400 BOC Group 875 -2 M P«U ufri— 473 10 ■TR *****0 *4 Bank of Scotland 255.400 *4 Barclay* 948.400 9.400
      1,758 words
    • Article
      Lock icon TOKYO
      1542 21 Bloomberg Business News □MkMMS njna» IB:I' 43.43 STOCKS closed little changed yesterday as concern that a strong US dollar will raise costs for importers offset optimism over rising orders at construction companies. "Investors feel secure about the current levels of the market," said Shigemi Nonaka, managing director at Sakura
      Bloomberg Business News  -  1,542 words
    • Article, Illustration
      Lock icon JAKARTA
      590 22 AFP POmiMHihitt +Q7 SHARE prices closed 1.1 per cent higher yesterday, led by late foreign buying of stocks In telecommunications company Telkom. "Foreigners were buying Telkom. They think It Is a time to come In. I kind of disagree because at the current price, It doesn't have much upside,"
      AFP  -  590 words
    • Article, Illustration
      Lock icon BANGKOK
      776 22 AFP P SET Mm -133T SHARES dropped 1.2 per cent In brisk trading yesterday with profit-taking following a •harp rise In the bourse on the previous day on news of a November general election. "There was profit-taking after yesterday's 61-polnt rise. Brokers are advising caution," said an analyst. The
      AFP  -  776 words
    • Article
      Lock icon MANILA
      268 22 AFP Hlhafl* jjMj SHARE prices closed 0.8 per cent higher yesterday is Investors hunted for bargains. The PSE Composite Index roee 20.30 points to 8,188.96. Turnover was 14.8 billion shares worth 2.8 billion peeoe. Petron Corp roee 20 centsvos to 9.70 pesos while the Manila Electric Co's A shares
      AFP  -  268 words
    • Article
      Lock icon SEOUL
      244 22 AFP 4H SHARE prices cloeed marginally lower yesterday, as bar-gain-hunting by foreigners on the first day of an Increase in their shareholding quota met local selling pressure. The Composite Price Index eased 0.20 point to 780.47. Turnover was 66.2 million shares worth 1.34 trillion won. Risers beat fklls 480
      AFP  -  244 words
    • Article
      Lock icon SYDNEY
      517 22 AFP PAllOrflnftrin 4J SHARES Mud 0.2 per cent yeeterday u a rally In banking itocki was outweighed by a weak resource sector which slumped on a drop In the gold price. The All Ordinarlee Index fell 4.9 point! to 2,885.6. The Oold Index loet 57.3 to 1,747 J. Turnover
      AFP  -  517 words
    • Article
      Lock icon WELLINGTON
      219 22 Reuter PWafllniton ♦2130 SHARE prlcee staged convincing rebound yesterday after Monday's sharp selldown. The NZSE-40 Capital Index gained 2230 points to 2,212.58. Turnover was worth a healthy NZ$6l.B million.—Rtuttr fcti 1 rmm IWMM Ul «OJI M4t A-IWUyiHUM uc «4C >00C Air Nm iMtwMUO Ml «001 HU1 MrMolMMII) IN -OM
      Reuter  -  219 words
    • Article
      Lock icon TAIPEI
      354 22 AFP HWPhii *mb SHARE prices finished 0.1 per cent higher yesterday as in* veetors hunted for bargains in electrlcals. "Electrical shares, backed by the improving business outlook, helped the market struggle into the positive territory," said a trader. The Weighted Price Index rose 9.06 points to 6,513.73. Turnover was
      AFP  -  354 words
    • Article, Illustration
      Lock icon HONGKONG
      1273 22 AFX-Asia QHtngSag ♦law SHARE prlcee cloeed firmer yesterday after futures-related short-covering spurred a late rally which enabled the market to regain ground loet earlier to profit-taking, dealers said. The Hang Seng Index closed up 18.70 points at 11,821.22. Turnover was HK16.06 billion. "Basically, the market was consolidating In a
      AFX-Asia  -  1,273 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Mixed day amid lack of fresh leads
        7623 23 Bloomberg Business News U Composite bios 4L31 STOCKS ended mixed yesterday,' with investors largely sidelined on a lack of fresh leads, dealers said. The KLSE Composite Index fell 0.31 point to 1,134.96. Turnover was 190 million shares worth Msl.4 billion. Aokam Perdana fell
        Bloomberg Business News  -  7,623 words
    • WARRANTS & OPTIONS
    • Article
      CLOD INTERNATIONAL
      1573 24 WMM *us- 1 mm flfMMw ,x«•-». M*a x at wr tf* M »iM#AaiB|_^i4ir^g —4* iii «m 444 u MM N) m* m M *ll>ao< >mNM^——r-JHrt llftt (I 14 M Ml MM *99 *00 MI MM «MM 100 MO II tU MM MO M M MM MiNMMi TrnT!vn-r-iilM UNO
      1,573 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        833 25 TUMOVCt f OOO) VALUE COOO) mm em rum mh» c*» to<« MuttrW M.4N 5.400 4MN MJM >07,til nwct UM \m uu mu 4.T* MM MtM 2.420 2.604 MT7 34* 7,024 10S1 4.W2 9.233 2U20. iNT UW wmuuw -mm vm im MMM 241 241 m |H M.W XA24 3JM 7477 2AM
        833 words
      • Article
        MAIN BOARD
        4445 25 Br Br M m ItW Lot Vai Op* L*t Ouata 01* W Nit Cap *»1 W» L— >MI» Cwpw> rooot w» u» *»y Bo8or cv >/l W Ww 5146 ASCNTM200 US- WOO 1000 ASF US$0.01 NX) USWOO 1 99° 214 165 1258 AcarSOc US80 *3 49 180 171
        4,445 words
      • Article
        SESDAQ
        911 25 4r 4r M m 1444 Last Val Day Laat Oaata 0*> Dh n« M Cm u» mm ct «o C444I w» u» 4a4» cw iw Cw» MM 2M in 2000 AMHMaSc MS *4 29 147 144 >64 T70 JO V*J 0.) 10X1 714 tM 90 2049 AS Aula »c
        911 words
      • Article, Illustration
        HOT STOCK
        68 26  -  ■y Paul Leo MARCO POLO Developments fell Jbur cents to 1150 on a voturm of 1.18 million shares seven times the lOday average of 166,400 units. Daily MACD and moving averages are bearish but RSI is in oversold territory. However, with Average Directional Movement Index showing that the
        68 words
      • Article, Illustration
        Sesdaq counters show some spark in quiet market
        769 26  -  STOCK MAMDBT OOMXBXTAST Nippecraft takeover speculation also provides some excitement; market is otherwise featureless amid concerns about corporate earnings By R Sivanithy [SINGAPORE] A slight pick-up in Sesdaq prices and speculation of a takeover of main board-listed Nippecraft yesterday provided some excitement
        769 words
      • ON THE GRAPEVINE
        • Article
          Debit Lyonnais
          77 26 NO PRIZE (br guessing that this was th#v headline to the story on the European f Commiasion's approval of a 3.9 billion t French franc (8111 billion) bailout of Credit Lyonnais. The French state bank suffered losses of SI billion French franc between 1998 and 19*4 because of
          77 words
        • Article
          What a boot
          73 26 preaumably^rk.wal^fo^ tmW T-shirts that do smple justice to their physiques. Of course, uniforms here may be s lot tamer than in the US, although we wonder about the requirements specified in the ad:*Fxperlence not necessary, pleasant personality with cheerleader looks" and finally, "please Include detailed resume and
          73 words
        • Article
          UOB
          70 26 Lift Guaranteed Harve^Planand theUOB Lifs Top-Up Assurance Guarantees. The first offers guaranteed returns (4.06 per cent for a five-year plan and 5 per cent for a 10-year plan) plus life UOB Life Top-Up Assurance Guarantees (TAGs) &tm poltcyhoMari forfjBUniinum turn assured of $10,000 to attach TAGs to his S»£Sffi!Ei£ES**
          70 words
        • Article
          David Tan quits Keppel
          54 26 THE word on the street is that David Tan. bead of Investment banking at Keppel Bank, ha® quit recently. Mr Tan, who had p been with Keppel Bank tor about three-and-a-half jNilnd with ABN Amro betore that. Is believed to be joining a foreign bank as
          54 words
        • Article
          Kiwi may soon be flightless
          54 26 Bankruptcy Court, citing the burden of past debts and the Wow of a partial shutdown earlier this year. The four-year-old Newark-based carrier said it would continue a full schedule of flights between Newark. Chicago eihH Somehow, Whoever gave it the mlkted name shouJ? have known
          54 words
        • Article
          Thai logic
          29 26 9SSSSSS Tnal nnance end stocKDrokins firm* confidence stems from this logic: tmiflftff which bankroll property projects will take over the assets of troubled real estate firms 1
          29 words
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      98 15 I "v 1 m. I K 'f I < w&3 i el.?'.I 1 r I V P? r r J I I Mm h mm Ft BS^W:'kA-.mß j, 'jrfV—-V?' V->w I I *»Sr• W'*' t' <%> i?< raSffi L,on s Une n turc ««tttctton from Bruno MagH Hac arrived. From
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      505 16 3(JSI!NESS \oticcs 10 |,n| k l s,< xm |n| *—nn 7 "7 y—\ First Engineering I I FIRST ENGINEERING LIMITED I (Incorporated in the Republic of Singapore) I ANNOUNCEMENT 1 FIRST ENGINEERING LIMITED (THE "COMPANY") 8 ISSUE OF 21,240,000 WARRANTS ("WARRANTS") TO SUBSCRIBE FOR 21,240,000 I NEW ORDINARY SHARES OF
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      43 16 Purpose Built Detached Factory at Loyang A modem, well designed single storey factory with Mezzanine office Built in area 60,047 sq ft Land area 96,693 sq ft I JTC leasehold 30 yrs 29 yrs wef I^s/93 < Furthf d>ua», pIIMI cat SoU Agm 3
      43 words
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      175 17 Y* JLW in I I UNA I l« »f 4AI I. lIH-. I W< .11. MI Planning Next Deveropment? Consider This Unuuie Development OpporYufflfty in Syclney, Australians^ R«ti<? opportunity on litt tlnclc 1 own City C Oiiii i;«I HIJ Mir hi t'Htiitufi of y Commercial /Motel Conference Facilities SBfll Retail
      175 words
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      618 18 BUSINESS A |n M I loil-l Ull IMHI--4I ISS.< TECK WAH PAPER PRODUCTS LTD (bmpontod to to KepMc of Stag***) ANNOUNCEMENT ISSUE OF 33,900,000 DETACHABLE WARRANTS ("WARRANTS") TO SUBSCfIBE FOR 3&900.000 NEW ORDMAfIY SHARES OF 10.10 EACH N THE CAPITAL OF THE COMPANY ("NEW SHARES") OFFERED BY THE DEVELOPMENT BANK
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      Page 18 Advertisements Column 2
      28 18 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 18 Advertisements Column 3
      221 18 THE COMPANIES ACT, CHAPTER 90 CREDITORS' VOLUNTARY WINIXNO-UT NOTICE Of APPOINTMENT AND MIUAHON OT OPPKB OP LIQUIDATOR Naaa of Caaaaiy: McCacMHa Otebaa* te toMartal Martoa Pa LM. Canr Nu IM6 IMMH. L teaaat Yaa Mai I aa, KMC Nau TOMMMtey f teteablLuHtei PaLMaTlii"'l 2Rte l|l I 1996, tea Mkartes t)
      221 words
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      Page 18 Advertisements Column 4
      240 18 THE COMPANIES ACT, CHAPTER JO CMMTOM' VOLUNTARY WINDOW UP NOTKB OP APPOINTMENT AM) BTUATION OP OPPICE OP LIQUIDATOR n—rfc.yj mammmrn ISO CMfHyNft IHI Mflßt L Raton Ya Maw Lm, NMC Na (*****0*1 toaaby Mia tea am liftwtw 19M, ito folio will Ea2mtiuzntiS 1) Ttoi tea O 111 J to «aaad
      240 words
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      Page 18 Advertisements Column 5
      299 18 IN THE MATTER OP THE COMPANIES ACT, CHAPTER 80 AND M THE MATTER OP P.P. LANO (StNOAPORE) PTE LTD (IN UOCNOATtOM) NOTICE IS HEREBY GIVEN that tha creditors of tha abovanamad Company, vMch la batog voluntarily wound up, ara raquirad on or bafora i.MIi I cna wovirnotf ivw, w moo
      299 words
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      Page 18 Advertisements Column 6
      85 18 JAKARTA fr% 195 DoshllMd VM -,^,ll1 lIMMI KUALA LUMPUR 198 Concorde Hotel __J| BANGKOK fr j ftfcooßwrf MANILA Jr 459 Intercontinental SAIGON yrS 555 I^^ditotel HANOI jfri|f TIS HONG KONG 645 Concourse Hotel SHANGHAI frs 915 Equatorial Hotel JJ BEIJING gy» Holiday Inn Crown I LONDON Hilton Kensington B j^H
      85 words
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      380 19 '"rare j II CAIDEGOTT HU!S OWN l| r |r &cuHlen/ IL Nestled in a 40.000 sq.ft. freehold I| manicured oorden. This prewar coloniol style IT, Z \9k bungalow with large lounge-living room, dining room, J If six other rooms, double garage, servants' quarters, 20x40ft pool, 2 attap pondoks, I has
      380 words
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      215 20 For Sale By Tender Freehold Residential Land at Serangoon Ave 3 Near prop Serangoon MRT Station -f t\ 'rl and Nanyang Junior College 2 v«g»» sfm if *tc area: 26,600 sq ft nri] DGP Plot Ratio 2.1 and height up to 20 storeys S PP obtained for 48 apartment units
      215 words
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      Page 22 Advertisements Column 1
      206 22 Here's an Opportunity To Enhance Your Corporate Presence ForenquHeeoredbooungs,oorteec I I To launch the Singapore Regional Index, a Special Future wilt be published with The Straits T n 11l Tlmee, The Businees Tlmee and Uanhe Zaobao on 18 October 1996. 1222 .Ml Nellni Neldu *****60 I In addition to the
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      28 23 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 23 Advertisements Column 2
      74 23 TRADING ROOM FURNITURE Our dealing and broking workstations are i < designed and manufactured in the UK by DAS ft; —Z r -J s P ecialist Business Furniture, the fastest U ill 7 teHOB 9 rowin 9 tradin 9 room furniture supplier. pMMjjMMpAI IT* j I3M Whatever your requirement, we
      74 words
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      13 25 i )J* w /O w 7/J J ROLEX M AT ROY EASTERN WATCH
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      Page 25 Advertisements Column 2
      130 25 lb: SPH AudioTex Department Singapore Press Holdings Ltd 82, Gen ting Lane Singapore *****7 Td 740-1493 Pax 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 Ql2 months (_J 6 months 3 months atSs6o.oo at 5540.00
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      1073 26 START YOUR CAREER HERE CHECK OUT THE STRAITS TIMES CLASSIFIED EMPLOYMENT PAGES [Jixsi BUSINESS Xorices '1" v N 11 s1 1"1 1 1 s 7 1 s mi inmiii m iiiHinun wNiiiKiwimm* ll T," 7 *****58 Telefoonnr. *****07 HOTEL PROPERTIES LIMITED ANNOUNCEMENT ttisunjn sj% UNSECURED LOAN STOCK DUE 1998 Otmn
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      306 27 Bridge News, Reuter WE Baltic Freight Index titts 2 points higher at 1,000 with Sep settlement at 996. The main tension remains E distance between the futures and the spot even if the latter rises •Ritly, the futures are predicting more, the report addWi Volume totalled 242 lots,
      Bridge News,; Reuter  -  306 words
    • Article
      MARITIME STOCKS
      193 27 W CVTMOMMI U4 mtH 12 o.rrs -aoos sti r ||1 *0.02 >52 JBs M9 -020 440 rmtMUMi arc MHMnW 0.93 *0009 49 Mat tun Hup U» *002 230 HtocMZoian MOS -0009 40 24 020 127 fS3c«r» 10.50 -040 mo SEtoc* ISO 1-23 MMH m W Martttaw .US U4
      193 words
    • Article, Illustration
      Lock icon PSA to broaden scope of overseas investments
      440 27  -  From port ventures to new areas like warehousing and logistics Reports by Yong Mei Fong [SINGAPORE] The Port of Singapore Authority (PSA) plans to widen its overseas investments to include new areas such as warehousing and logistics. PSA chief executive officer Khoo Teng
      ARTHUR LEE  -  440 words
    • Article
      Dalian box terminal venture off to a good start
      301 27 Container traffic soars 17% to 190,000 TEUs in first six months [SINGAPORE] PSA's first overseas venture, the Dalian Container Terminal in China, appears to have got off to a good start, with box traffic soaring 17 per cent in the first
      301 words
    • Article
      Danger on the open seas for the unwary and unprepared
      719 27  -  STRAIT TALK By\ Seafarer LAST WEEK saw the tragic death of David Chan, a Hongkongbased political activist in the East China Sea. Now this column is not going to attempt to comment on the thorny dispute over the Diaoyu/Senkaku Islands.
      719 words
    • Article
      NYK's Tokyo Senpaku builds S-E Asia network
      148 27 [TOKYO] Nippon Yusen KK shipping group's Tokyo Senpaku Kaisha, through tie-ups with local firms, has built a container route network covering almost all of South-east Asia. Tokyo Senpaku currently maintains three major routes two between Japan and Jakarta and another between Japan and
      148 words
    • Article
      Lock icon UAE to enact laws on waste dumping
      132 27 AFP (ABU DHABI] The United Arab Emirates (UAE) said on Monday it was enacting legislation to deter oil tankers from dumping waste into the water as the eastern coast was again hit with crude oil pollution which is blackening beaches. The Federal Environment
      AFP  -  132 words
    • Article
      NOL among the top 3 lines calling at Sri Lanka
      259 27  -  National carrier ranked No 2 overall last yean report By) Rahita Elias [SINGAPORE] Neptune Orient Lines (NOL) is one of the top three shipping lines serving Sri Lanka. According to Colombobased monthly publication Sri Lanka Business News, NOL was ranked
      259 words
    • Article
      Marichem Asia 96 opens today in S'pore
      220 27 [SINGAPORE] Marichem Asia 96, an international chemical industry logistics exhibition and conference, opens today at the World Trade Centre. About 100 delegates will be attending the Marichem Asia conference. The event caters to those involved in the shipping, storage and transportation of chemicals
      220 words
    • Article, Illustration
      Lock icon Looking for lucrative niches
      966 28  -  EUROPEAN CAR MARKET: MANUFACTURERS DO IT TOUGH IN SATURATED MARKET Ford's new minicar, the Ka, and Renault's mini multi-purpose vehicle, the Megane Scenic, which will take centre stage at the Paris Car Show, are among novel products that car makers hope will brighten their future from
      Reuter; FILE PICTURE  -  966 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      446 28 PAGE Evergreen 6 AEIOcean 16 Fl-BrigM 7 A£L M EMC IS AFT Shoq M Famous 7 ANL 3 Farwde 14 AMe 16 FoongSun 8 Accord 8 Frota 8 Ahrenkiel 4 n Frtlinfcs 13 Appenship 4 Frt World 7 A Astro 3 G link
      446 words
    • Article
      SHIPPING GUIDE
      10728 36 EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser VtiS»( Voyege Telephone SIN Oest'n Name Name Number Number SIN Dest'n Name Neme Number ►himber 04/10 n/M Semudere SINAR T08A 201 45-*****01 A 04/W 12/W Shreyes SINAR TOBA VJOt 45-*****72 04/» H/10 MISC ORT.CORO 012 65-*****22 To ABIDJAN
      10,728 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        691 43 Vatuj Voy Mo Btrth Arrlvd Dcpartur -■—mm Jm|M »<*rm VM «t *m—> 02.10/2300 0<m BtP* JOI Hi'f«» OIW/JMO MJwm J* 49/* JOI 02.10/0700 Stm J®' OIJWJOO mom 44 340* xi *»mim ono/voo M«tk 353* JOI 02.10, OtOC R to 47/* JOI *>**» 0110/2300 HI tn W* J01 itoofw*
        691 words
      • Article
        CONTAINER SCHEDULES
        1714 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Hoofclwq/Dilinfi Rstls Ship VeyNo Etb/Btr Ptrtod Frow To Ac, itf HOC 03/2000 a ovm» 02/0*51 02/0100 1 02/07W 02/Wi 32,HOC 4 02/1200 02/MSt 02/1700 Aci Vt4M MM 04/2151 B MM OVMt OVBM 2t OVITOO 02/0*51 02 c*x 02/0'00 02.WS 02/M00
        1,714 words
      • Article
        GLOBAL HOLIDAY
        202 43 Oota China: National Day holiday. OKI Germany: Day of German Unity. Honduras: Soldier Day. South Korea: National Foundation Day. Oct* Egypt: Armed Forces Day. Oct 7 Australia: Market and Public holiday in Canberra, New South Wales and South Australia only, LabourDay. Oot 8 Peru: Memorial of the Battle
        202 words
      • Article
        COCKETT BUNKER MARKET REPORT
        675 43 THIS report, compiled by Cockett Ma line 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
        675 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        436 43 CartM MO M*x 992.7 10 17J 0.10 57 0.00 WV OtMttr InMn Ask ttmMm Sitoit Mo *om £25 2 0 9 0 0 0 rr=- 300 am 9ooj o j mj o m si ojo (a!.. 300 Mu 99L5 U 19J 0.10 S4 0.00 tVtn %ift
        436 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon US officials in talks to improve safety of B737, B757 planes
        357 44 National Transportation Safety Board to study recommendations Bloomberg Business News [WASHINGTON] US transport safety officials met yesterday to discuss a series of recommendations to improve the safety of the Boeing Co's 737 and 757 commercial aircraft. Pat Cariseo, a
        Bloomberg Business News  -  357 words
      • Article
        Lock icon Autoliv to merge with Morton unit
        157 44 FT [STOCKHOLM] Sweden's Autoliv and Morton International of the US yesterday announced plans to create the world's biggest car airbag and seatbelt supplier through the merger of Autoliv with Morton's car safety business. The new company Autoliv Inc is forecast to have annual sales
        FT  -  157 words
      • Article, Illustration
        Lock icon Malaysia unveils gas-powered taxi
        237 44 AFP [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad unveiled yesterday a locally-made natural gas-pro-pelled taxi prototype he said could provide a solution to Asia's air pollution woes. Dubbed the new "Asian taxi", Dr Mahathir said it represented a viable alternative ftiel for petrol-based cars and would
        AFP  -  237 words
      • Article
        Lock icon Lockheed Martin-Rockwell venture signs US$7b Nasa contract
        192 44 Bloomberg Business News [WASHINGTON] A joint venture of Lockheed Martin Corp and Rockwell International Corp on Monday signed a sixyear, US$7 billion (Ss9.B billion) Nasa contract to take over daily responsibility for the care of the US space shuttle fleet. The announcement by
        Bloomberg Business News  -  192 words
      • Article
        Lock icon LucasVarity buys Boeing unit
        142 44 Bloomberg Business News (LONDON] LucasVarity pic will purchase the aircraft cargo handling business of Boeing Co for an undisclosed price. The British company's Lucas Aerospace unit will operate the Macon, Georgia-based Boeing unit as Lucas Aerospace Cargo Systems. The business will remain based in Macon. The
        Bloomberg Business News  -  142 words
      • Article
        Lock icon Volvo to launch new model next March
        141 44 Reuter [PARIS] Volvo Cars will start selling the new coupe-model C7O late in March 1997, Volvo Cars chief executive officer Tuve Johannesson said. "We will start selling the C7O in late March. That will give us time to be very sure that we
        Reuter  -  141 words
      • Article
        Lock icon Honda to raise output in Philippines
        247 44 Japanese car maker launches its Asian c&r model AFP [MANILA) Honda Motor Co Ltd is to invest 300 million pesos (5115.9 million) in its Philippines unit to raise daily production by 21 per cent by the end of the year to 115 units, the
        AFP  -  247 words
      • Article, Illustration
        Lock icon Canada and India expand aviation ties
        178 44 Reuter [OTTAWA! Canada announced on Monday that it would expand air links with India and set up a new Canadian government office in India. Foreign Minister Lloyd Axworthy said that Air Canada and Air India would be allowed to increase by 30 per cent
        Reuter; REUTER  -  178 words
      • Article
        Lock icon Delta Air's budget carrier takes off
        223 44 Bloomberg Business News (ATLANTA] Delta Air Lines Inc takes its budget carrier off the drawing board and to the skies yesterday, hoping to fend off low-fare rivals and keep Florida as a market stronghold. Delta Express will link eight cities in the mid-west and
        Bloomberg Business News  -  223 words
      • LOG Book
        • Article
          Lock icon Japan's new car sales up 8.4% in Sep
          91 44 AFP [TOKYO] Sales of new cars In Japan roee 8.4 per cent from a year earlier to 511,911 units in September, reversing a 2.1 per cent decline in the previous month. Car sales increased 1 8.8 per cent from a year earlier
          AFP  -  91 words
        • Article
          Lock icon Russia hopes to test new freighter plane
          81 44 Reuter [MOSCOW] Russia's Ilyushin design bureau hopes its new n-96T freighter aircraft will have its first test flight this year despite cash problems hampering the project, an Ilyushin official said yesterday. Chief designer Genrikh Novoshilov said that the 1146T, which is powered by
          Reuter  -  81 words
        • Article
          Lock icon KLM Asia to add flight to Taipei
          79 44 Reuter [AMSTERDAM] KLM Asia, part of KLM Royal Dutch 3 Airlines NV, is to increase by one the number of scheduled flights it operates between Bchiphol airport and Taipei. A spokesman for KLM said the airline plans to add an extra K Boeing
          Reuter  -  79 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1353 44 cm fUGHT ETA FU6HT ETP WlMTfcw S0009 2120 S0810 1020 AtaMtaM S0442 2025 HmoJ VN741 1300 SOT76 1105 MaM* Wfl* 77™ ***** XO VN740 1410 Amm RJ182 1445 RJ183 2225 Mat Yd M093 1405 T6408 0820 Anstartaai GA893 1205 23QQ IL837 1445 2345 lirwifcM S0977 *55
        1,353 words
  • Page 27 Advertisements
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      18 27 +rLooking for lucrative niches in Europe car market Car makers seek brighter future in saturated market Page 2
      18 words
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      Page 27 Advertisements Column 2
      193 27 US officials in talks to improve safety of 8737,757 Recommendations being studied. Back Page The Second International Exhibition and Conference on Chemical Industry Logistics N »<r THE CONFERENCE THE EXHIBITION From Plant to Customer that's the theme of Chemical and plastics companies in the AsiaMarichem Asia 96, the only international
      193 words
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      1005 28 i mOBTH AMCfttCA 1 I EXPORT 1 I OTHER DESTINATIONS I MBBCT TO WEST COAST WKT COAST Of CENTRAL AMERICA (MARGARITA SERVICE) vesa Ivor |nasn|nss«| u |oM|va|su|ML|HOu[aK]NT laoocoarr m* I w m Ifutm |*mnu| wutwui— >iw*|mtaMßB|mtaig" OCSAffAU MT OX 91/10 01/10 10/10 JO/10 22/10 M/ 10 21/10 11/10 22/10 22/10
      1,005 words
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      Page 28 Advertisements Column 2
      607 28 Unas miykm represented by Members o< the Regwtry of Members ol fts Accredited SNppng Agents, hMU 3l»H)«4>w* Forwerders S"pore National Shipping Aseoc AssodsHon. W«| r» Shipping Times Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 EXPORT 3 Jopon 2 Hongkong I
      607 words
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      1043 29 EXPORT TO: TO: JEPPAH/UK/CONTINENT Ivissfl VOY sm JCD I'DAM H BUIG fHAVBI S7ON UN ALSO ACCEPTING CAIGO FOt: NEDUOYD ASM 5396 04/10 24/10 M/io m/io GLASGIOW, GRANGEMOUTH tPNC 1 3*o 04/10 20/10 22/10 25/10 20/10 AMD tAUTtttHIILIK MMGA m*m MIA 3300 00/10 25/10 24/10 21/10 22/10 VLT "f" HHHLOYD OCEANIA
      1,043 words
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      Page 29 Advertisements Column 2
      2412 29 I HANJIN SHIPPING j USA CANADA" |imnam/vw mm m ~Sa m m |nr|a#|Mi|Mi|M|awi |w|w m tyi m |tu m |tk a«MM2i M/n M/1> 17/11 27/10 27/10 27/10 21/10 m/m m/io m/m m/m m/io m/io "i/iT" liTiTwir wiT hsmwioo m/m u/n 3i/i# *3/11 i/n m/ii m/h m/ii m/ii M/n m/h m/h
      2,412 words
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      Page 29 Advertisements Column 3
      103 29 I ORIENT EXPRESS UNES (U.K.) LIMITED llgj, (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VOT SMWOtt KMUI VBSB VOY WMAT SmWOtt > 9NARTQBA 201 04/10 11/10 SINAR TOBA 200 26/09 04/10 NORDKAP 401 09/10 16/10 NORDKAP 1 400 02/10 09/10 EUZA 303 16/10 24/10 EUZA 302 09/10 16/10
      103 words
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      1206 30 <<r DSR-SENATOR iai Round the World Container Services fe FROM UK/CONTINENT f |«wa 1 wrr~ m "lint mw |h*m fu un uw [«Ba Ivor Ilha Irwl wv hmi Ia«I an lomxmsh wfm4 eit m n sii »w mis mm mim osnsauron ii w n 175" "5m "mm m"ST HMJMROTTEMMM VMM
      1,206 words
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      Page 30 Advertisements Column 2
      1405 30 I NORASIA I I VESSEL VOYISM PKL~| OOA LAS BCLVALALOROT ANT TO. LHA I NOR MALTA 9636-3 02,11 Oil 19/19 23/19 M/ 16 27/19 M/ 16 24/19 2V19 2V19 27/11 NOfllUEl 9831-3 Mil 1/16 ZVII Wl 29/19 63/11 64/11 31/19 *1/11 11/11 62/11 NOR SHANGHAI 9646-3 11/11 17/11 *1/11 6/11
      1,405 words
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      Page 30 Advertisements Column 3
      393 30 Direct Container Service to ••<l* Fangcheng 3 Zhanjiang i Spore Fangcheng ZfcaHfc —1* UANBAO 04/10 09/10 11/10 -ttt* I /V6Atr^N5T TH;: **-*****67 FAX; *5-2240*0 tof*rUwrS^lcil«»^bttU—j MMli P«ip«M RO/L0 Grritr Aoaftkg: RO/RO, Ramp Capodty opto 40 torn thavy Uft opto 65.5 tms Cmmtmd/ kid Mr (Mr Thai flog Staivs A*Ejyt»s VJIA
      393 words
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      1617 31 I Pf^^TRAITS^mPPIN^^ru? 10 Ho« Chiang Road #11-01 Koppol Towors Singoporo 0208 Tol: *****88 Fox: *****17 <A»AH t UUNII CONVINTIOMAL SiBVICt SARAWAK CONIAINH SIKVUi vpsa Imm I a Ivnsa vot isMWoti iuomk sriAmnAt |m» I 09/10 I 13/IQ I 14/ IT" CAAAIA JN it-i? mi«A —/10 10/10 nuns now |mm I
      1,617 words
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      Page 31 Advertisements Column 2
      1789 31 3 SAILINGS 1 PER WEEK FOR SINGAPORE EUROPE SERVKI I L A I W—M MB' OKMTOH W1 TH: 770 19M WI: IMIIM 04/TWAID d/l) 4JMIOI XMOtf OmCE; I COSTAI MPPHW PTI ITO #17-00 IRS MOO SAUS/IR6S 4705M1/41 MWARO MPT (0/0) *****15 COSTAR AGENCIES (M) SMI Mi I CRNOt uto/ooooom towutwo(omt)
      1,789 words
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      Page 31 Advertisements Column 3
      291 31 /Vj/JPERKAPArAN DAI ZHUN ~N jf if TONG JOO SHIPPING PTE LTD CR NO: ********** C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 KIKMIH+fASTtST TUMUI'/ MBAAA-HUOMY »fI7W /j HO CHI MIMbPtMCATtP ~2 GKIM H24 05/10 GUOO H2B 03/10 GKHOON A 5406 04/10 GISOON Htl 00/10 GfWl R H4O
      291 words
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      1354 32 EUROPtAIK/SCANDIHAVIA/FINLAMO/RUSSIA fS6P~I ROM ANW HBO TUP ZEE IHV LHV THP ROM ANW HIG PW. SCP E REWARD RW-020 VIS 29/10 21/11 29/10 29/10 29/10 30/10 E. GRANO RE-OM MM 11/ M IIM 12JN IMH (7/11 00/10 E. RI6HT RW-023 12/10 11/11 12/11 12/11 04/11 05/10 00/11 E. GARDEN RE M
      1,354 words
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      Page 32 Advertisements Column 2
      1068 32 Mm vnsa VOTMi W ON Wl OH UM INI 111 VHSH VOTAtt DM AW MM UM SGP H UMOKMM 0473-035W OVIO IVIO 14/10 IS/10 WN 14/10 IVH UMCOIKOtD MJM3IE 77/W 7VW 74/01 7S/01 17/10 UMOMUD WJ4OT* 11/10 7Z/10 73/10 74/10 74/10 IM COMMA 04?143?f 71/01 30/W 01/10 07/10 14/10 Atoo
      1,068 words
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      Page 32 Advertisements Column 3
      655 32 g RICHFIELD MARME AGENCIES (S) PTE LTD TEL: *****33 (12 LINES) FAX: *****15/*****03 TELEX: RS ***** RtSHIP (3 Unas) CR NO: **********0E frSQ ETHtOPIAN SHIPPING UNE&f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vws Voy Fa Loading for S«xx® Haawl 44W8 25/10 9T b^ 1, Andbwt 46W8 28/11 ab.
      655 words
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      756 33 I. BSA nTI v IIs!=!T^TSV9Ve9^ I TB& I^^HF tell MYANMA «BBk FIVE STAR LINE (Myaamar National Liw) y* Loading for Yangon (Rangoon) VKift vot sin r*G pen pgu AVA* IJ7W 04/10 PAGAN 2MW 12/10 MALAYSU AGENTS: KHISTEAD SNIPPING AGENCIES lUL m 02-03-*****00 P*L TU 02-03-*****81 Kit; TU 02-04-*****02 PGD: Til
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      1016 33 A HYUNDAI MERCHANT MARINE CO. LIP. WESTBOUND TO EUROPE BKG: *****32 PNA PM PCO VESSa/VOT vor I SIN I BTM I ANT I UN I NAM Mil F8 25/io 27?00 STOO NY. GENEBAL 30IW 30/00 10/10 20/10 72/10 20/10 20/10 22/10 02/00 04/00 05/00 NY. DUKE MIW 07/10 25/10 27/10
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      422 33 FAMOUS CONTAINER UNES /tfSS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) i—»ri 4 SAILINGS A WEEK TO s BANGKOK J J AND REGULAR SAILINGS TO CMABANG THAILAND \BANGKOK f3~Y LAEf^OhABANG FOR BOOKING H *****33 CONTACT AMY P KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10
      422 words
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      1631 34 ■■SSSBH MamzzmHHiß [VESSEL VOY 1 SIN JKT [VESSEL VOY SIN PEN ~~TlTnv liii nirir OANTABHUM 12S Wed mPt Son 00/10 QUWU BHUM >707 _Thu_ 03/10 06/10 VESS£L WANA BHUM toT ~mT Mm" B.MAS EMPAT <137 Sun 06/10 Tu» 08/10 M MATHU BHUM 298N Wad In Pt Sat 06/10 OANU BHUM
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      Page 34 Advertisements Column 2
      912 34 A f I I 111 ii MwaSoM/aSmiowoMAVKI V iihwwm^SMTOlWW^ vi»sii v*oy sin era Ivissii vor sin coi PAPMA 315 SAT I 03/10 WIO I 09/10 BxOW SINOAPOHI 227 I SUN 106/10 MM 11 V/To~ MtOHNA >13 MOW 07/10 FBI TT/10 BtAOU OOUP 133 SUN 06/10 EBI W4O 1 DAFU 001
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      536 35 "jf.g n n Weekly LCL FCL I I OD|CT3| Services to Caribbean Hirrma A Central America SI VICTORY SI COMET 607E 01 IE Port Country 02/10 06/10 MA City Belize 04/11 11/11 Bridgetown Barbados 07/11 14/11 Cartagena Colombia 06/11 13/11 (Sgjrtes St. lucio 06/11 13/11 Eart-d* France Martinique 07/11 14/11
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      Page 35 Advertisements Column 2
      943 35 f PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil street, #03-00 PIL Building, Singapore *****0. I B CR NO **********06 jjii" iE." iiiii lilsiil iiii mi. iij l ip p-Hmq v- *—i DIRECT CALL TO WELLINGTON "MV KOTA BERANI" V. 175 ETA PKG 13/10 ETA SIN 14/10 ETA WIG 11/11
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      854 35 KSSJUHH **********02 VESSELS SX OAMCTTA LE HAVRE HAMBURG THAMESPORT ROTTEROAM ANTWERP VM-LE 06 CAPELLA TI7W 08/10 19/10 2EVIO 29/10 31/10 01/11 (XVII VILLE DE ÜBftA LI7W 15/10 28/10 04/11 07/11 08/11 10/11 CALIFORNIA ORION UI7W 22/10 02/11 11/11 12/11 14/11 IVII 17/11 VILLE D'AQUW-A AI7W pan 18/11 19/11 21/11 22/11
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      43 37 VISA FREIGHT SERVICES PTE LTD Established Sihcc 1 4 >«S4 Tin: total transportation peopij: KIC.UIAK IiROUP/Uii: ICI COMSOI IP ATION import tv i:\pokt SI KVICi s OCEANIA PORTS AUCKLAND SYDNEY BRISBANE MELBOURNE FREMANTLE VISA IREK.IIT SERVICES PTE I Tl> 4MI TDM IKOO VISA
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      2158 38 44 AS AGENTS: "K" UNE (SINGAPORE) PTE LTD (CR MO *****730MMG5T KG NO M?-W1739M) K f TEL: *****77 TELEX KAWAKIRS23I6S FAX: *****16/7/^9 W T WT* MALAYSIA: "K H LINE MARITIME (MALAYSIA) SON BHD W* TEL SA *****00 PK *****75 PEN *****20 JB *****01 P6U *****25*5 INDONESIA: P.T. SARANA LAUT INTERNUSA,
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      1178 38 MYANC MME l-JME *<:i.];f TWICE WEEKLY EVERY THURSDAY/SUNDAY (EJ222J ARRIVAL FIXED DAY-MOMOAY T "TM HAM HT LED AMI «H£l VOT IfN PXT HAM AMI J!! SSI 0 I »10 2110 27,10 WING SUN A633f SLD SID SLO SLD 07/10 I 0610 I 23,10 25,10 26,10 2810 MING GALAXY A634E SLD
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      579 39 I TIGER SHARK 9&BS 03-<»10 FOR DtSCHARFE ONLY I I TIGER StAND 473N o*o6/10 09-13Y10 18-1000 I I ■•TIGfcB BRIDGE 474N 07-<»10 13-16/10 21-22/10 I 1 ■*TI<IR BAY 475N 11-12/10 16-2C/10 25-26/10 I 1 B TSGER WAVE 476N 14-15/10 20-23/10 28-29/10 g I TIGER ISLAND 477N 18-19/10 23-27/10 01-02/11 I
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      860 39 Sea EZ Land! I DIRECT SERVICE LONG BEACH SL COMET V.Ol IE ETA SIN ETDSIN 8 oa '96 8 OCT '96 [ybsh w n»» mm icancnßttsa wr at a* J* JSL JSSU -Mr- JSL JSL. nr H7TS AA/ia <i Hrmt HK 25/1# 17/11 5/li 11/11 H/ll V/H tt/11 W/11 Wl
      860 words
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      Page 39 Advertisements Column 3
      1378 39 mm l jgr Nedllovd WEEKLY SAILINGS j Nedlloyd Lines to AUSTRALIA i Cp IQOOMyHMWW '1 SINGAPORE PHONE (GENERAL) *****89 RATE ENQUIRIES *****4* 280 CPS (PHONE) *****10 CPS (FAX) *****23 I TO EUROPE EVHIY TWDBS/FW/Ur I j Sin Pkg Son Lad Mm Aar* Ha B»ti NUASIA/5396 03/10 04/10 24/10 22/10 23/10
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      766 40 SAMUDERA INDONESIA (S) PTE LTD I 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE 0106 t: > BiHH TEL *****81-3 FAX: *****36 (3 HUNTING LINES) TLX: R*****0 CR NO. **********00 ><: BOOKINGS CALL DIRECT LINE: *****41/*****43 JESSICA/CELIA a 1 iL™ 4 fJHnZSKEBBIB 8 slgs/week 3 slgs/week 5 '{VESSEL TVOY [Sii [JAK
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      558 40 TO E. CANADA US ATLANTIC US GULF LOADING VOY SPOKE I PARANG* HAUFAX N.YORK NORFOLK N.ORLEANS SAVANNAH TAMPIOO HOUSTON HOEOH DENE 0336 OSAMOCTI 27 SEP 19 NOV 22 NOV 25 NOV 02 DEC 28 NOV 06 OEC 10 DEC HOEOH CUPPER 0236 23/24 OCT 117 OCT 13 DEC 16 DEC
      558 words
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      576 40 Singapore Soviet ShlppSg Co. Pte. Ltd. ™CR NO: **********0N BOMBAY/COCHIN I VESSEL VOY I SIN BOM ORIENT CORD 012 09/10 11/10 Li VANESSA 10N 08/10 16/10 m TRADE FAST TFSIOO 14/10 22/10 KOTACAHAYA CAHI67 21/10 29/10 rt 11 I REGULAR ILYICHEVSK SERVICE (VESSEL VOY SPORE ILYCHEVfIR EVER GATHER 0128-008W 00/10
      576 words
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      936 41 I APIA EUROPE EXPRESS (AEX) WESTBOUND SERVICE 1 SB. \m -,M, IJ& I I ,9& I IHY COMMODORE 302W 14 OCT 01 NOV 03 NOV 05 NOV 03 NOV 05 NOV r. HY federal 2QM 2SJ2Q LLt*2¥ IZU&. lLtg* lZ_fcjQ¥ lSLfcjg* 32 HY ADMIRAL 303W 04 NOV 22 NOV 24
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      1695 41 vcsa sroti uum whw m Mmm im im i to mi wn vtm MM Him «n —n n—w mr ms.mm i>H M.lO Kir oin n.n km ki« K)4 mmom n» kior sim kio ono km m!^ I PfUNGI QUA U44 0110 Kir HlO 11.10 KlO KlO *-10 MS. Ml WO
      1,695 words
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      702 42 ff SINO IXPRKSS SHIPPING |PTI) LTD. 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE *****7. B TEL: *****90 (4 LINES) FAX: *****98 TLX: R*****1 SINOEX SIMOTMNS SMAM6HAI (CONUNM SHVICI) Also occepting container cargo to: VESSEI/VOY ETA SIN ETAHK6 ETA SHA W/T HKG: Beijiao. Chiwon, ws/wt -W—W-jmZ SttStSSU 6000 WU. 9601/9602 11/10
      702 words
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      Page 42 Advertisements Column 2
      609 42 A« Mil COMTAIMER LINES. IMC I Agents: MAC-NELS SPORE: *****22 (24 LINES) kuchvkmok) *****9 j cm NO 1 aOMTMWOoa SBU: (064) *****9 MANILA: (332) §*****1 V PENANG: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT (21)*****07 MP* (61) *****3 BAWDUNQ: (22) *****96 HKG/PUS ETA RTM/HAM/FXT
      609 words
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      339 42 jggg/mgggg/gm*|f*/i7ajl z7ii iMH JH■llldid Ik [H IS'Dore PXtkna Lowflna Far SEAGULL FORTUNE SLD 06/10 RdrrVAtwAJK/Nari AMANPUIO 15/10 22/10 RdnVAtw/UK/Nan "'Jt Load* EVW Malaysa, mdonewa _E I Loading for 2 BUFFALO Dubai/A. Ohabt/Doha/GanrairVDamman/KuwaiL I PAN CRYSTAL Dubai/Bahrain/DammarVKawart M~ MAKAR HodetdafV Jeddah/Aqaba/ Pt Said HAUM METE Hodatdah/JaddsrfVAqaba y 'Loads Singapore. E-/W. Malaysia,
      339 words
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  • Page 43 Miscellaneous
    • Miscellaneous
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      122 43 I II II LfGCNO: m R Thunderstorm Temperature c «i X W«oth«f WrxJ dv«c tton with spttd in knots V Wo»« K^ght Cloudy Sky 11 flc® by Ofuwi lAich wilfc Ik® On* fut circle represents calm or Sght and variable wind* i—«. On* haN Heche represents 5 knots L_ One
      122 words
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