The Business Times, 9 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) 046/12/95 85« SINGAPORE Internet: http://www.asial.com.sg/biztimes WEDNESDAY, OCTOBER 9,1996
    13 words
  • Article
    MARKET SUMMARY
    47 1 nsm M *****4 (-10.62) Fl BTCOMP D 2LS3JQ (-8.90) gIHOA 191X56 (-5.70) MARKET MOOD: graflU 111 BT PIMMB Toeadfty Cbaofe KLKOOKP MUM NIKKEI SUHUI—-***** HANGSENQ 1*1** SET INDEX NCJ4 ♦IIH JAKARTA COUP —174.78 -1141 iMgtuowg -UVM JJJ SS—♦«» A08TALLM0 _JM»L7 4.1 I pa EOT Ckaafe
    47 words
  • Article
    FINANCE
    57 1 exchange 1 U8J tm mi st liii «7*7T iia iMt m gfe MM 1179 MM MM a 129 1182 BAHTii A*« RlTOMI»-_ nr r. U» MM UIS M9i L v,i yx.T.mmmmm SINGAPORE* 144 KUALA LUMPUIL. MltAFTTA MM BANGKOK.... 1J« immmL ISM jg rr«= ir^S U» ZZZlf.7* Ml iej6 SM
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  • Article, Illustration
    Lock icon Two charged with conspiracy to cheat Amcol in Mauritian deal
    692 1  -  They allegedly conspired to mark up price of venture and share the gain By< Conrad Raj [SINGAPORE] The Corrupt Practices Investigation Bureau yesterday charged two key figures in the Amcol Holdings saga with conspiracy to cheat the company by inducing
    CHRIS LOH  -  692 words
  • Article, Illustration
    Lock icon Thailand moves to shore up confidence in economy
    515 1  -  High-level talks underway to stop free fall of stock market From. Alan Boyd in Bangkok THAILAND is considering short-term measures to boost declining offshore confidence in its economy, as foreign funds continue to dump stocks on the Stock Exchange of Thailand (SET).
    Source: Bloomberg  -  515 words
  • Article
    SES, SPH to launch regional stock index
    435 1  -  BT-SRI Index will help track regional stocks listed here By R Sivanithy [SINGAPORE] The Stock Exchange of Singapore (SES) and Singapore Press Holdings (SPH) will launch next Tuesday a new regional stock market index. The index, called the Business Times Singapore Regional Index,
    435 words
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      94 1 Drama Tong and a high-powered Iwililnmn Hobgartfln git to the Benelux countries to promote investment brtwuu Europe WWIfiMB im»iiiiiiiiiiii>iiifi M ftfcrflhairtiafcm,thispg. Short-term measures could Increase volatility rather than provide stability. fMli pg 17. Further evidence that near-term outlook of the Singapore stockmarket in general does not look good. h*dlmUukm,pg 17.
      94 words
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      8 1 Analysts pick holes in deficit forecasts, Pg 6
      8 words
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      304 1 I f 7 y%4 M i*> m m V A *W IC II Favours Come Together aramount The Paramount proudly presents the newest addition to our Chinese Theme menu New Asian Cuisine <» v :$i Our team of expert Matter I Chefs have outdone themselves Using time honoured Chinese recipes.
      304 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Singapore's system of picking leaders yields the best: PM Goh
      486 2  -  Be likens it to head-hunting for the best By Yang Razali Kassim in The Hague SINGAPORE'S system of choosing its leaders is one of the country's distinct successes, Prime Minister Goh Chok Tong has said. "Most democracies don't set out
      486 words
    • Article, Illustration
      Opening up Asian insurance market needs careful handling, says Dr Hu
      463 2  -  Liberalisation with minimnm disruption a vital challenge By Soh Tiang Keng ASIAN regulators will be caught in a dilemma when they open their insurance markets to foreign players and international competition, Finance Minister Richard Hu said yesterday. Opening the
      463 words
    • Article, Illustration
      Lock icon Electronics to rebound in Q4?
      352 2  -  EYE OH THE ECONOMY Manufacturing By. Anna Teo ELECTRONICS output growth is estimated to be flat in the third quarter compared to about 12 per cent in the preceding quarter, says Nomura Research Institute in a report prepared before the release of poor August data
      Source: Bloomberg  -  352 words
    • Article
      Inpro show lures 31 Japan firms
      232 2 They will display needed components at 'reverse' exhibition COMPONENT suppliers from Singapore and the region will have a chance to meet and strike deals with Japanese electronics companies this week at a "reverse exhibition" at the Inpro '96 procurement show. A total of 31
      232 words
    • Article, Illustration
      Lock icon IT sales increased 34% to $6.7b last year
      389 3  -  Strong growth to continue through this year and next, says NCB survey By Kenneth James FIRST the good news: Singapore's information technology (IT) sales surged 34 per cent to $6.73 billion in 1995 from $5 billion in 1994. Then it gets better:
      Source: Computer Board  -  389 words
    • Article
      Exporters target region for new business
      155 3 LOCAL exporters plan to target South-east Asia as their primary market for new business in the next 12 months, according to the second DHL Export Indicator released yesterday. Fuelling the optimism towards these markets, over half of Singapore exporters surveyed indicated that the countries
      155 words
    • NEWSRoundup
      • Article
        4 SDP members face contempt charge
        105 3 FOUR members of the Singapore Democratic Party (SDP) S Kunalen, Wong Hong Toy, Kwan Yue Keng and Chee Soon Juan have been summoned to appear before the Committee of Privileges to answer to a complaint against them for contempt They will give oral evidence
        105 words
      • Article
        Cairnhill apartment owners in Joint sale
        60 3 THE owners of Galleria Apartments along Cairnhill Road have teamed up with the owners of the adjoining Cairnhill Apartments to jointly put up their properties for collective sale. The closing date of the tender for Cairnhill Apartments has consequently been extended from Oct 14
        60 words
      • Article
        Three plots of freehold land up for bids
        68 3 THREE plots of freehold land belonging to the now defunct Singapore Government Officers Co-operative Housing Society will be auctioned next week. The properties in Rochdale Road and Venus Road are being sold in an Official Assignee's sale and could fetch $10 to
        68 words
      • Article
        Asia's 1st CD-ROM Yellow Pages on sale
        69 3 SINGAPORE released Asia's first CD-ROM Yellow Pages yesterday, packing more than 4,000 pages of information into one plastic disk. The CD, which sells for $29.95 at major book stores and computer shops, allows users to find phone and fax numbers and addresses, just
        69 words
      • Article
        Mandela's visit to S'pore postponed
        34 3 SOUTH Africa's President, Nelson Mandela, has postponed his visit to the region. His address at the Singapore Lecture series, scheduled for Oct 14, has been postponed until further notice.
        34 words
    • Article, Illustration
      Portraits of the candidates
      426 3 Two university lecturers and a former senior civil servant formed the third batch of new PAP candidates introduced yesterday. Below is a snapshot of their backgrounds, reasons for entering politics and aspirations as elected officials: TOH SEE IOAT, 42, is on leave from the Nanyang Technological
      426 words
    • Article
      Poll a watershed for S'pore's future: Dr Tan
      424 3  -  Vote wisely, Deputy PM urges as he introduces 3 new PAP candidates By I Chuang Peck Ming THE coming general election will be a "watershed" poll because from those voted in will be ministers forming the new cabinet to lead Singapore into
      424 words
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      373 2 More reports, Pg 4 9 I*l What Things In life are Viiorth The Aait? Ait ffrt i nirtl»"i <■ liMi iiii' *wf t*tj Your perfect partner 20JS GS The perfect hone environment Your dream home 4 Xt is said that the good things* life&tyle standards for RD3 homes,. So aren't
      373 words
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      108 3 r* J The Old Bank, k: For almost a century, this was just your average a bank, in your average town, doing your average 3* hanking stuff. Then, a local entrepreneur waltzed 7 into its history and altered its course forever. He iHs bought the bank, sacked the tellers and
      108 words
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  • FOCUS
    • Article, Illustration
      Lock icon Tapping into Europe's strengths
      703 4  -  PITS EUROPEAN VISIT The high-powered business delegation accompanying the prime minister to the Benelux countries aims to promote two-way investment in Europe and Asia Reports by' Yang Razali Kassim fTHE HAGUE] SEVERAL Singapore businessmen are accompanying Prime Minister Goh Chok Tong in his week-long visit to
      FILE PHOTO  -  703 words
    • Article
      Making inroads into Europe
      245 4 TffiL a j iMiLflM^^ gjJI companies are Wbking Dr KhoogPeckWah President CEO DrQw Chin Hock U'VJ Executive Chairman Mr Patrick Ng Executive Director ffrtn theW&Htx count» jflgftfep"*?! Financial, construction, leisure Biotechnology Industrial land construction Logistics, shipyard gSES Mr CheongQueeWah Chairman Environmental technology, Industrial products, Infrastructure systems
      245 words
    • Article, Illustration
      S'pore and Netherlands share a lot in common
      824 4 SheU, Philips and Belgacom stand as symbols of the strong ties the Republic has with the Beneha countries [THE HAGUE] Lo van Wachem, the highly regarded top man at the Royal Dutch/Shell group, lit up when our conversation switched to Singapore. The
      824 words
    • Article
      Trip serves international and bilateral aims
      499 4 (THE HAGUE] Like his visit to the Scandinavian countries earlier this year, Prime Minister Goh Chok Tong's trip to the Benelux countries and the European Commission will have both an international and a bilateral agenda. At the international level, there are two key aims.
      499 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • Article, Illustration
      Lock icon Footsie: at late stage of its bullish trend
      446 5  -  TBCHHICAL VIHWFOMT Caution should be exercised near the 4,055 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 the views of
      Source:; ALLAN  -  446 words
    • Article
      Access to huge market a plus point
      516 5  -  STOCKWATCH: CM TELECOM Some investors may also find the low PE ratio of 7.3 times an additional draw By' Ven Sreenivasan [SINGAPORE] Regional infra-structure-based companies contemplating a listing on the newly created Foreign Board in Singapore will be keeping a close watch on
      516 words
    • Article, Illustration
      Lock icon Sick of stocks and bonds? Try commodity funds
      507 5 Bloomberg Business News [NEW YORK] You've been having second thoughts about stocks lately, what with the market flirting with new records one day and plunging sharply the next. Not that you're keen about bonds. They still haven't gone on that big tear
      Bloomberg Business News; FILE PHOTO  -  507 words
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      231 5 4,,: m w m '<r* x i M "r |IP| P? I&SKL. !Pr littk ft* «3h n Pt IMb < "a > -■*&•'*&*i'« rV [mB Bfc?% ff J F C iJHPP RMHUI jfffimi"'!'" i 1 m -**>' 1 L ja jfjj L] <J[ p HM '^ftift-.iTr ■*> >^ r -$.*»:.s
      231 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Analysts pick holes in Thai central bank deficit forecasts
      324 6 BANGKOK AFP THAILAND'S current account deficit will exceed central bank forecasts in 1997, Thai and Hongkong-based analysts said yesterday. "By the end of this year Thailand's current account deficit should reach 8.2 per cent of gross domestic product," rising to 8.3
      AFP  -  324 words
    • Article
      Lock icon Groups inciting workers to create chaos, warns Suharto
      232 6 JAKARTA AFP PRESIDENT Suharto of Indonesia made a new warning yesterday over groups which he claimed were using poor workers and farmers to destabilise the country. "Social and economic disparity within communities can be manipulated by those who want to destabilise the
      AFP  -  232 words
    • Article
      Lock icon Indonesia set to pass broadcasting bill
      313 6 JAKARTA It would sharply limit foreign participation in broadcasting and advertising Reuter INDONESIA is expected to pass a broadcasting bill this month that could have a far-reaching impact on its radio, television and advertising industries and limit foreign participation, an MP said yesterday. "We
      Reuter  -  313 words
    • Article, Illustration
      Lock icon Umno kicks off party polls with focus on fight for VP posts
      556 6  -  KUALA LUMPUR Some 200 candidates from 166 divisions will vie for 40-odd posts in four-day gathering By' Ven Sreenivasan THE senior partner in Malaysia's ruling coalition kicks off its trienrtial party polls today with the focus on the
      AFP  -  556 words
    • Article
      Lock icon New laws for emerging technologies by end of year
      349 6 KUALA LUMPUR Move aimed at helping development of USs2b Multimedia Super Corridor AFP MALA YSIA is to introduce laws governing new technologies by the end of the year. Energy, Telecommunications and Post Minister Leo Moggie said yesterday. Mr Moggie said the
      AFP  -  349 words
    • Article
      Lock icon M'sia's new industrial master plan by end-96
      161 6 KUALA LUMPUR Bernama MALAYSIA'S New Industrial Master Plan (Nimp) to be launched at the end of the year, will focus on measures to increase inter and intra-in-dustry linkages to promote the development of industry clusters. Economic Planning Unit deputy director-general Samsudin Hitam said
      Bernama  -  161 words
    • NOTE Book
      • Article
        Lock icon Indonesia gets 3rd mobile phone operator
        88 6 AFP [JAKARTA] Indonesia's third mobile telephone operator using the Global System for Mobile communications (GSM), PT Excelkomindo Pratama, was launched here yesterday. The company plans to extend its greater Jakarta network across Java, Bali and Lombok by early next year, company executives said. The
        AFP  -  88 words
      • Article
        Lock icon How reliable is Manila, ask UK investors
        84 6 AFP [MANILA] British investors are concerned about the reliability of contracts in the Philippines as more are drawn here by the country's opening economy, British ambassador Adrian Thorpe said yesterday. He told a news conference that Manila's privatisation effort is "undoubtedly very wise
        AFP  -  84 words
      • Article, Illustration
        Lock icon Sporting the latest style
        75 6 Reuter [HANOI] A Vietnamese man chatting on a mobile phone while a streetside barber cuts his hair in downtown Hanoi yesterday. The mobile phone market in Vietnam is still in its infancy with the first phones only introduced in 1993. Latest estimates show there are currently
        Reuter  -  75 words
      • Article
        Lock icon Thai telecom firms break deadlines
        78 6 Bloomberg Business News [BANGKOK] The Telephone Organisation of Thailand (TOT) said it will fine Telecom Asia Corp pic and Thai Telephone Telecommunications pic for failing to meet deadlines to deliver contracted phone lines. Telecom Asia hasn't turned over ownership of about 31,000 lines, said a
        Bloomberg Business News  -  78 words
      • Article
        Lock icon Way to Aung San Suu Kyi cleared
        60 6 AFP [YANGON] Myanmar's opposition leader Aung San Suu Kyi called a news conference yesterday just hours after the military authorities removed barricades which had blocked access to her home for 10 days. The telephone service to the house, which had been out of
        AFP  -  60 words
      • Article
        Lock icon 950m baht damages in Thai floods
        63 6 AFP [BANGKOK] Flooding in Thailand has affected 1.9 million people across the country, killing 35 and causing 950 million baht (5553.2 million) in damages, a civil defence report said yesterday. The report came as Bangkok braced for possible heavy flooding as overflow waters from
        AFP  -  63 words
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      111 6 messemonchen Keep informed-it pays dividends... fT|| rvlArt+tTtn i/^O electronica 96 is the top event of its kind for develop- f J ment engineers in it isthe in- 17th international Trade Fair for Components ternational trade fair with the widest range of products and services, featuring the latest trends in the
      111 words
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      Page 6 Advertisements Column 2
      168 6 ftflUMi m J** am ,iai j», ii ▼fiui 9 wooowkj® warn ot fnunHStscspttriTC prwHsK)n«s ana npwor* of Hiwiiiuonai ovticu, uuia provKses conTKWTu® ana cott affective company formation in ail the major low tax areas jncfculnq: Fu>Pro«—ionalafwr iHm —rvic—ptovidod. For a FREE copy of our 100 page colour brochure or to
      168 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon China won't eat up Taiwan, says official
      537 7 BEIJING Taipei told its losses will be greater if direct transport links are not opened Reuter BEIJING'S top negotiator with Taipei yesterday sought to allay Taiwan's fears that China would swallow up the island if it lifts a decades-old ban on direct trade
      Reuter; AFP  -  537 words
    • Article
      Lock icon Three states support Taiwan's UN bid
      255 7 UNITED NATIONS The Bahamas, Saint Vincent and the Grenadines, Gambia risk China's wrath Reuter TWO small Caribbean nations and one from Africa the Bahamas, Saint Vincent and the Grenadines, and Gambia risked China's wrath on Monday by championing Taiwan's bid for UN membership in
      Reuter  -  255 words
    • Article, Illustration
      Lock icon China economy to improve in Q4: Stanchart economist1
      361 7  - China economy to improve in Q4: Stanchart economist 1 SINGAPORE Lu Ning CHINA'S economy has bottomed out since the middle of this year and will perform better in the fourth quarter and into 1997, a Standard Chartered Bank economist predicted here yesterday. SCB's chief economist for north-east Asia, Kwok Chuen
      Source:  -  361 words
    • Article
      Lower banks' reserve ratio: study
      200 7 SHANGHAI A STUDY by China's State Information Centre has suggested lowering the ratio of deposits banks must keep as reserves with the central bank in the fourth quarter of the year, a newspaper reported yesterday. The Shanghai Securities News daily said the centre also suggested
      200 words
    • Article, Illustration
      Lock icon Chief Justice pledges status quo if he leads HK
      473 9 HONGKONG Polls show Yang ahead •f rivals in race for leadership alter the handover to China AFP Reuter HONGKONG'S top judge has promised to keep the status quo in the territory if he wins the race to become its first head
      AFP; Reuter  -  473 words
    • SINOBriefs
      • Article
        Lock icon HK signs deals to protect investments
        67 9 AFP [HONGKONG] Hongkong has signed agreements for the pstxaotfcmsnd protection of investments with Bslglum and Luxembourg, a government spokesman said f yesterday. It was siffied by Financial Secretary Donald as well as officials from Brussels and Luxembourg. The three governments will provide for equal
        AFP  -  67 words
      • Article
        Lock icon Marconi to equip China's Ilyushin-76s
        49 9 AFP (BEIJING) China is poissd to have four Russian Ilyushln-76 aircraft equipped with airborne early warning systems by Britain's GBC-Marconi Avionics, an arms industry source said yesterday. They would be equipped in tbs UK atacostcftJSfSOO million (SWmifflon) with advanced radar systems developed by Marconi.—AFP
        AFP  -  49 words
      • Article
        Lock icon Illness reverses 91-year-old's aging
        71 9 AFP {HONGKONG] A mystery illness left a 91-year-old man in south-western China looking yeers younger, it was r«f»rted yesterday. Lanßiren, a Yao from Bama County, Guangxi province, sprouted new teeth and found his whits hair had turned Mack after the illness in July whlch left 5
        AFP  -  71 words
      • Article
        Lock icon Police detain leading dissident
        16 9 Reuter W Ml II I I. I" I 1.1 "I N 1
        Reuter  -  16 words
    • Article
      Lock icon Crisis theory dismissed
      107 9 BEIJING AFP CHINESE Vice-Premier Jiang Chunyun has issued a rejection of a theory that the demands of China's huge and increasingly wealthy population will one day trigger a global food crisis, a report said yesterday. In a speech to an international agricultural symposium, Mr Jiang stressed that
      AFP  -  107 words
    • Article
      Lock icon Graft in HK will rise after 1997, residents say
      170 9 HONGKONG AFP ALMOST 70 per cent of residents here believe Hongkong's impending handover to Chinese sovereignty will lead to an increase in corruption, an official poll showed yesterday. However, most of the 1,100 people surveyed by the Independent Council Against Corruption
      AFP  -  170 words
    • Article
      Lock icon Call to lift China's consumption tax
      235 9 U BEIJING Reuter CHINA should raise consumption taxes on Imported cigarettes, wines and cars, and on gems and jewellery and other products, the official China Daily yesterday quoted a senior tax expert as saying. The scope of consumption taxes should be widened to include
      Reuter  -  235 words
    • Article, Illustration
      Lock icon Tapping into a fire sale
      74 9 [BEIJING] Two visitors to Fire China "9S, an exhihitimncffire fighting techniques and equipment, are pictured in a discussion infivnt of a hat <f Chinese-made fire engines yesterday. Ctoerseas companies, led by the US amd Japan, joined Chinese fire fighting companies in a bid to tap
      REUTER  -  74 words
    • Article
      Lock icon Chinese cities headed for housing crisis: minister
      255 9 BEIJING Mas mfinx of migrant workers places extra strain on stretched pmotoh AFP CHINA'S urban housing plight is reaching a critical level as a mass influx of migrant labourers places an extra strain on already stretched resources. Construction Minister Hou Jie yesterday said
      AFP  -  255 words
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      131 7 KEPPEL FINANCE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Foreign Shareholdings Pursuant to Article 23<4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company from shareholders and from information supplied by the Central Depository (Pte) Limited, 6.36% of the
      131 words
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      Page 7 Advertisements Column 2
      75 7 FOR SALE Radisson. AUSTRALIA Situated in the heart of Newcastle, Australia's sixth largest city, the Radisson Hotel Newcastle is a well established 3V2 4 star business and tourist hotel, located 2 hours from Sydney. Very Profitable 122 Spacious Accommodation Rooms Famous "Signatures" Restaurant Bar Large Conference Facilities Boardroom Swimming Pool,
      75 words
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      18 7 Three months free subscription. No joining fees. Now you can really tell your customers "feel free to call."
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      417 8 I How Murni Senai fits into your business plans HH|fl|dHj > Strategically located within Senai Industrial Zone, Taman Perinduatrian Murni Senai covers \M 1 /l/l 221.89 acres (897,967 sq. m.) of land. When fully-completed, it will comprise detached factories, ilfJ 1 \J\J) H 1 1/2-storsy semi-detached factories, 1 1/2-storey terrace
      417 words
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  • Page 9 Advertisements
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      150 9 Wind down after a hard day's business in Bangkok, in the comfort of your own room overlooking the serene Chao Phya River. It is a unique benefit of staying with us as no other Bangkok hotel has river views from every guest room. Enjoy the butler service offered with our
      150 words
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      73 9 .-.i v.. -ifisfr.sfc ■A vm-'m ac*"-' C t~ ft' I v..ffsJ m I>, .•>',"xf Bv mm Ml mm m WK Mm II fl m, vA. I m I II i r 11 i ma m Ij M BHBV ri P Pal It, b II V I i «"*►> •<- i
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  • ASIA
    • Article
      Lock icon Aussie Sep labour force data expected tomorrow
      229 10 SYDNEY Reuter AUSTRALIAN markets will receive an update on data seen as crucial to the prospects for another cut in official interest rates when September labour force data is released tomorrow. And for the interest rate bulls, the news is likely to be
      Reuter  -  229 words
    • Article
      Lock icon Japan playing with fire over Diaoyu islands: China
      306 10 BEIJING Don't underestimate depth of feeling of Chinese people, Tokyo told AFP CHINA warned Japan yesterday that it was playing with fire by underestimating the depth of feeling and indignation among Chinese people over disputed islands in the East China Sea. In
      AFP  -  306 words
    • Article, Illustration
      Lock icon Costello apologises for interest remarks
      290 10 CANBERRA AFP AUSTRALIAN treasurer Peter Costello promised yesterday there would be no repeat performance of his remarks last week on US interest rates which sent world share and bond markets into a spin. Mr Costello admitted that he should not have commented candidly on interest
      AFP  -  290 words
    • Article
      Lock icon Investors divided over impact on NZ$ should govt change
      396 10 WELLINGTON Kiwi has dropped 1.7% against US$ since Sep 18 Bloomberg Business News JUST four days from New Zealand's elections, investors are divided over the likely impact on the New Zealand dollar from a change of government. The New Zealand dollar
      Bloomberg Business News  -  396 words
    • ASIA Notes
      • Article
        Lock icon Tamil Tigers bite into Sri Lanka budget
        92 10 AFP (COLOMBO] Sri Lanka yesterday unveiled a budget deficit for 1997 showing a hefty chunk of expenditure going to battle Tamil Tiger guerillas and much of the revenue coming from foreign and local loans. Draft estimates presented in parliament showed that the government
        AFP  -  92 words
      • Article
        Lock icon Socialists threaten to quit alliance
        63 10 Reuter [LUCKNOW, India) A key socialist group, the Samaiwadi Party, threatened yesterday to pull out of India's centre-left government if Prime Minister H D Deve Gowda backed rival party Bahujan Samajwadi Party's claim to rule the country's most populous state. Opinion polls have predicted a
        Reuter  -  63 words
      • Article
        Lock icon Machinery orders in Japan up 11.4%
        62 10 AFP (TOKYO] Japan's private sector machinery orders in August rose 11.4 per cent from a year earlier, the Economic Planning Agency said yesterday. It was the 11th consecutive year-on-year rise and followed an increase of 22 per cent in July. Month-on-month, the orders fell
        AFP  -  62 words
    • Article
      Lock icon Bumpy road for S Korean chip sector till 1998
      331 10 SEOUL AFP SOUTH Korea's chip industry, suffering from worldwide price cuts, will be on a bumpy road until 1998 when supply and demand return to balance, market analysts say. "Oversupply will continue throughout next year. The chip market may return to
      AFP  -  331 words
    • Article, Illustration
      Lock icon Campaigning for Japan polls kicks off
      351 10 1,503 candidates expected to contest 500 seats AFP THE 12-day official campaign for Japan's general election began yesterday with 1,503 candidates expected to contest the 500 seats in the lower house under a new electoral system. The Oct 20 vote will be a test
      AFP; REUTER  -  351 words
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      176 10 Btf n£«ll£jH^^flnifSr l ie R®B enc y» centrally located, is an exclusive i address with a superb selection of only 13 luxuriously appointed, generous sized apartments, providing an attractive combination that is seldom available in today's j//g££BKKS!fm!£SKKmKBBBmKKKm prestige residential market. ONE OF LONDONS FINEST LOCATIONS HIGH LEVEL SPECIFICATION An established
      176 words
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  • THE WORLD
    • Article
      East Asia to look beyond Japan
      722 11  -  SM LEE IN LONDON Japanese firms won't monopolise the region as it turns to the US and Europe for trade and investment: SM By] Neil Behrmann THE Japanese will not have a monopoly on the opportunities that arise from East Asia's liberalisation, said Senior
      722 words
    • Article
      Lock icon S'pore-British ties very good: SM
      516 11 Talks urith Major include trade and British economy The Straits Times THE prospects for SingaporeBritish trade and the British economy were among the subjects Senior Minister Lee Kuan Yew and Prime Minister John Major discussed at a meeting they had on Monday. "Relations between our
      The Straits Times  -  516 words
    • Article, Illustration
      Lock icon Two financial gurus share Nobel Economic Prize
      431 11 STOCKHOLM Reuter TWO financial gurus whose work set the 20th century agenda for matching social responsibility with incentives and whose work has been crucial for global tax policies were awarded the 1996 Nobel Economic Prize yesterday. British professor James Mirrlees, 50, of Cambridge
      Reuter; AFP  -  431 words
    • Article
      Lock icon Outline of WTO draft declaration presented
      276 12 GENEVA Document to be put to S'pore conference will review WTO's first two years AFP WORLD Trade Organisation head Renato Ruggiero presented on Monday an outline draft of a declaration to be put to the WTO's December conference in Singapore reviewing the body's first
      AFP  -  276 words
    • Article
      Lock icon Clinton rides high on economy
      412 12 WASHINGTON President wins endorsement of 2,000 business executives NYT THE steady performance of the US economy helped President Bill Clinton win Sunday night's presidential debate, and the endorsement of about 2,000 business executives on Monday. The debate largely focused on the candidates' differing views of
      NYT  -  412 words
    • Article
      Lock icon Britain plugs tax loophole on share buyback schemes
      315 12 LONDON Reuier THE British government plugged a tax loophole yesterday which has allowed a growing band of companies to enrich investors through share buyback schemes in a move which will save Britain up to £400 million (SsB76 million) a year. British Chancellor
      Reuier  -  315 words
    • Article
      Lock icon Hyundai to build £2.4b plant in UK
      181 12 BOURNEMOUTH, England Bloomberg Business News A HYUNDAI Electronic Industries Co of South Korea is to build a £2.4 billion (555.3 billion) semiconductor plant in Britain. UK Secretary of State for Scotland Michael Forsyth yesterday told delegates at the annual conference of the ruling
      Bloomberg Business News  -  181 words
    • WORLD Watch
      • Article
        Lock icon German unemployment at post-war high
        69 12 Bloomberg Business News [NUREMBERG! German unemployment rose to a postwar high in September, the government said yesterday, with«l £*'J economic recovery Calling to provide relief to an ailing )oto "hJ market. The Federal Labour Office said German jobless rolls rose by a seasonally adjusted 30,000
        Bloomberg Business News  -  69 words
      • Article
        Lock icon Weizman invited to visit Gaza
        62 12 AFP [CAESAREA, Israel] Palestinian President Yasser Arafat invited his Israeli counterpart Ezer Welzman to visit the Gaza self-rule area during an unprecedented public visit by Mr Arafat to Israel yesterday. "I invite President Weizman to visit Gaza," Mr Arafat told a Joint press conference with
        AFP  -  62 words
      • Article
        Lock icon Faction claims responsibility for bombs
        56 12 AFP [DUBLIN] A caller claiming to represent the Continuity! Army Council, a nationalist breakaway faction, claimed responsibility yesterday for two car bombs that exploded on a British army base south-west of Belfast However. call to Irish broadcasting RTE did not contain a recognised code word
        AFP  -  56 words
      • Article
        Lock icon Losses at Atlanta Olympic Games
        55 12 AFP [LAUSANNE] Atlanta Olympic organisers were expected to reveal the Games had made losses running into tens of million dollars, an International Olympic Committee official said here yesterday. The lOC meeting here today to Friday may also hear of mounting problems for Nagano which hosts
        AFP  -  55 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      196 11 R Towering Presence In Beijing's Central Business Bistrict "I PRIME TOWER. AN INVESTMENT OPPORTUNITY YOU CAN'T MISS. GUARANTEE Strategically located in the heart of Prestigious 22-storey development: Prime Tower is developed by two AlTrn m*wr» Chaoyang District the junction of 19 levels of office space, 2 levels of reputable developers:
      196 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      330 12 Sedona Hotel Yangon welcomes guests with For connoisseurs of fine wining and dining. Here the recreational enthusiast will find a 366 rooms and suites that are perfectly located our four restaurants. Lobby Lounge. Paddy contemporary fitness centre, free form swimming near the city centre and other famous attractions. O'Malley's Bar
      330 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      US politicians turn UN chief into bogeyman
      776 13  -  OPINION THB BOTTOM LOVE By Leon Hadar The writer is BT's Washington correspondent SO WHO is the real global enemy of America in these troubling post-Cold War times? Is it Resurgent Russia? Expansionist China? Islamic Fundamentalism? The "rogue nations" of North Korea and
      776 words
    • Article
      IN OTHER WORDS
      114 13 4 I will level the playing field by giving your children regardless of who you are or what you have an equal chance at the starting post' Lee Koan Tew Singapore's Senior Minister. 'People talk in terms of traitors and they blame people for changing their minds.
      114 words
    • Article
      Israel needs the peace dividend
      651 13 EDITORIAL JUDGING by what he now says, Israeli Prime Minister Benjamin Netanyahu may have begun to realise, as Yitzhak Rabin and Mr Shimon Peres did before him that his country's security and continued prosperity both demand an early accommodation with Palestinian President Yasser Arafat There
      651 words
    • Article, Illustration
      Lock icon India's industry hurt by its budget deficit
      853 13  -  Economic reforms are pnt in danger by the country's persisting fiscal deficit, says World Bank Byl Prem Shankar Jha The writer, former editor of the Hindustan Times, contributed this article to BT WHEN the World Bank unveiled its annual report on India a
      FILE PHOTO  -  853 words
    • Article
      WHAT THE OTHERS SAY
      820 13 Banna's status In Asean PRESIDENT Fidel Ramos of the Philippines may have opened a rift within Asean over his proposal to slow down membership in the group for Burma. For the past couple of years, Asean has maintained a policy of so-called constructive engagement towards Burma.
      820 words
  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Jordan defends Michael Collins
      519 14  -  Filmmaker dismisses claims that it is a glorification of guerilla warfare, says btmfmun schaei-w STEPHEN SCHAEFER Reuter WHEN the film Michael Collins premiered last month at the Venice Film Festival, the audience responded with a 10-minute standing ovation. At Toronto's film festival a week later, Neil
      Reuter  -  519 words
    • Article, Illustration
      Lock icon Will Indurain retire, or won't he?
      671 14 CYCLING Hell decide in Nov, and if he continues, will also pick the team hell represent IHT THAT was a swell party they gave before the Paris-Tours bicycle race: Bouncy music, good food, not-so-good wine but plenty of it, friends not seen since the
      IHT; FILE PHOTO  -  671 words
    • Article, Illustration
      Lock icon Fashioning a new art
      821 16 FASHION A Florence exhibition ideas frtm art, music and even scent NYT [MILAN] As the stone-faced front row in Milan registers the next ruffle beneath the sheer pastel fabric of the fishtail dress, there is no visible effect. Unlike dramatic, creative moments on runways that earn
      NYT; REUTER  -  821 words
    • Article, Illustration
      Lock icon YSL moves away from catwalk rumpus
      512 16 FASHION YSL feels that his clothes are meant to be seen in a close and intimate manner Reuter [PARIS] Fleeing noise and crowds, Yves Saint Laurent took a handful of journalists into his inner sanctum for an intimate, close-up look at his styles for
      Reuter; AFP  -  512 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      178 14 fc Ap K1 p Jt n 1 VT tM ffllfHyilrMi p f!Buni^^H|^ iB i J The Pitfalls and Pluses" Oct 11, Fri O j• c .1 spm 8.30 pm fflv invitation only) I Situated in London's prestigious South Kensington. by its surrounding 2.5 acre private ornamental A talk by a
      178 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      643 15 SINGAPORE BUSINESS c u- 1 s Giving You The Winning Edge Where to wine, dine and entertain I /P^ lounge CONNOISSEURS RENDEZVOUS A popular rendezvous for connoisseurs of Syphon Brewed Coffee, Tea and pre-dinner cocktails. "Cosy, private and quiet" Just the place to relax, catch up with friends, clinch that
      643 words
    • Advertisement
      Page 15 Advertisements Column 2
      102 15 BiQQEST Dian Xin Restaurant At The Neptune on 3henton Way Dian Xin/Lunch I {yg 11.50am-2.30pm 1 7TH FLOOR. OVERSEAS UNION HOUSE. COtLYER QUAY. SINGAPORE *****1. TEL: 224 3922 From I Vt»"sl ocfofec*, you cow cfa *-Uol« PcVi«IJ Duct wW< A UoJ* *»S jujf $11.1*. by fo*y>»*3 «*oH\«r I (J, you
      102 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      743 15 TV&RADIO 235 Hogan's Heroes. 235 |ij mm Mpvvs LOO PM The Winners. 3.45 Thunder Alley Guess PM BeritaCNßC L3O Money, Money. Money. Who's Coming to Dinner. Tv innovations 2.00 The Money Club 4JO The Bill. Tea Ru Lai 230 TV Innovations. 5.00 £2 Found'puppies. BUMMf* SlmfoniKaslh. 4.00 Funny Friends. 0.00
      743 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      299 15 CRYPTIC CROSSWORD 1 In the main Castilians viewed them as subjects (5) 'gam |j|| fIHHK B H 4 Ambassador presents award to j |Bf Tory leader (8) pH__ 8 Visit briefly to make an inspec- H|HV f lO I 9Officers find him revolting (8) n SE 381 SBB 11 The
      299 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Fruit distributor seeks listing
      591 17  -  I*ook Huat Tong Kee has sales of over $120 m; owns hotel, industrial parks My Lu Ning SINGAPORE] Local fruit and ftgetable distributor and proBrssor Pook Huat Tong Kee ■lU'lO Group has applied for ■primary listing. B Sources said the group, Bhich has substantial operaSons in
      591 words
    • Article
      Hong Leong group to buy hotel in London for £81m
      287 17  -  Purchase of Britannia Hotel to be Millpnninm Conrad Raj ■mJAPORE] Singapore's Ifaftff Ueong group yesterday ApeecUfctflwy the Britannia Intiltei London's fashionable Maytair district for £81 mil(Ssl77 million). ■The purchase of the Hir-star deluxe hotel with 318 including 14 suites and
      287 words
    • Article
      Lock icon TRI seals German tie-up
      99 17 Bloomberg Business News [KUALA LUMPUR] Malaysia's listed Technology Resources Bhd (TRI) has sealed its tie-up with Germany's afb^ yesterday. The company last month revised its offer, lowering its share issue price to M 59.25 a share from an earlier offer of M 59.50 a share to
      Bloomberg Business News  -  99 words
    • Article
      Has Kuok group put a cap cm its growth in Manila?
      684 17  -  HOCK LOCK SIEW Al Labita SE9HH|| HE Kuok group may have VVI erred in pulling back its diversification plans in Manila. By sticking mainBH ly to property-based projects, the group has put a cap on its long-term growth prospects.
      684 words
    • Article
      NatSteel Broadway public offer undersubscribed
      367 17 [SINGAPORE] Nat Steel Broadway's public offer has become the latest victim of the Singapore market's weak sentiment. The China-based company a spinoff from Singapore's Nat Steel group yesterday said the public tranche of its IPO was undersubscribed by more than one-third. The company, an integrated
      367 words
    • Article
      SSL awards deals worth $163m
      193 17 [SINGAPORE] Straits Steamship Land has awarded construction contracts worth $163 million for two of its Raffles Place office projects. SSL said in a press release yesterday it had awarded a $71 million main contract for the construction of Prudential Tower to Nishimatsu Lum Chang JV
      193 words
    • COMPANIES
      • Article, Illustration
        Lock icon Scottish fund to manage S$10b from S'pore
        593 18  -  Aberdeen Trust will source large part of foods to be invested in Asia from the US By\ ShivTaneja [SINGAPORE] Scottish investment manager Aberdeen Trust pic is banking on Asia in a big way, with plans to man- age Sslo billion from its Singa-
        ARTHUR LEE  -  593 words
      • Article
        Lock icon 2 Philippine banks merge to form giant with assets of 170b pesos
        255 18 New BPI-Citytrust entity will have 420 branches nationwide AFP [MANILA] The Bank of the Philippine Islands (BPI) formally merged with a mid-sized bank here yesterday, creating a local powerhouse with 170 billion pesos (559.19 billion) in combined assets.
        AFP  -  255 words
      • Article
        Lock icon Ayala affiliate loses PAL board seat
        196 18 AFP [MANILA] A minority shareholder in Philippine Airlines (PAL) lost its board seat and had its stake cut to 5.46 per cent after it declined to help the airline raise its capital, an official said yesterday. The minority shareholder was Cumulus Holdings, in which
        AFP  -  196 words
      • Article
        Lock icon Jardine Matheson optimistic despite first-half setbacks
        243 18 Reuter [NEW YORK] Jardine Matheson Holdings Ltd said on Monday that its long-term overall outlook remains positive, despite a poor first-half performance due to its Dairy Farm International Holdings Ltd unit and charges resulting from trading scandals at Jardine Fleming. Alasdair Morrison, managing director
        Reuter  -  243 words
      • Article
        Lock icon Bakun shareholding not finalised yet
        268 18 Bernama [KUALA LUMPUR] The final shareholding in Bakun HydroElectric Corporation Bhd (BHC) after its public listing has yet to be finalised, the executive chairman of Tenaga Nasional Bhd, Ahmad Tajuddin Ali, said. He was commenting on a report that Tenaga Nasional's shareholding would be reduced
        Bernama  -  268 words
      • Article, Illustration
        Lock icon Philadelphia exchange board member accused of cheating
        864 18 SEC says Feinberg's firm made secret profits on customers' trades NYT [NEW YORK] The Securities and Exchange Commission has charged a member of the board of the Philadelphia Stock Exchange and until recently head of its conduct committee with cheating customers. The new
        NYT; FILE PHOTO  -  864 words
      • Article
        Lock icon Berjaya buys 22m more shares in leisure unit
        142 18 Bernama [KUALA LUMPUR] Berjaya Group Bhd has acquired an additional 22.854 million shares or 4.66 per cent of the issued and paid-up capital of Berjaya Leisure Bhd through its subsidiaries, Juara Sejati Sdn Bhd, Garima Holdings Sdn Bhd and Berjaya Group Equity
        Bernama  -  142 words
      • COMPANY Briefs
        • Article
          Pan United ups Omniview stake
          42 18 [SINGAPORE] Pan-United Corporation's subeidiary Pan-United Engineering (PUE) has increased its stake in its subeidiary Omniview Systems Pacific. PUE has subscribed 80,000 shares in Omniview and raised its shareholdings from $460,000 to $540,000. The acquisition is funded internally.
          42 words
        • Article
          Foreign holdings in Keppel Finance
          29 18 {SINGAPORE] Keppel Finance announced yesterday that 6.36 per cent of its issued capital as at Sep 30 is owned or controlled by non-Singapore citizens.
          29 words
        • Article
          GRP wins $2m marine contract
          73 18 [SINGAPORE] GRP has been awarded a contract to supply Tanker Mooring Services (an associated company of the Port of Singapore Authority) with anti-pollution submarine hoses and floating offshore hoses. The $2 million contract is expected to be completed by March 1997 The award is not
          73 words
        • Article
          Lock icon Atacorp's V-Pile to boy Motomu Baru
          78 18 Bernama (KUALA LUMPUR] Actacorp Holdings Bhd yesterday announced that its wholly-owned subsidiary, V-Pile Sistem Sdn Bhd, had agreed to buy 370,000 shares of Mil each representing 100 per cent equity in property-based Motomu Baru (1993) Sdn Bhd for M 14.2 (552.4 million). In a
          Bernama  -  78 words
        • Article
          Lock icon MBf Capital buys 51% of Indon firm
          86 18 Bernama [KUALA LUMPUR) MBf Capital Bhd (MBfC) has acquired 9,180 shares of one million rupiah each representing 51 per cent equity in PT Sejahtera MBf Multi Finance for 9.180 billion rupiah (515.6 million). MBfC said in a statement yesterday the acquisition would offer
          Bernama  -  86 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon China factor complicates Hongkong Telecom talks
        392 19 Bering likely to object if firm seeks cash payments for end of monopoly, say analysts Bloomberg Business News [HONGKONG] Likely Chinese objections will prevent Hongkong Telecommunications Ltd from seeking cash payments in return for relinquishing its monopoly on international phone services, an executive said.
        Bloomberg Business News  -  392 words
      • Article
        Lock icon Motorola's 3rd-qtr earnings fall 58%, revenue declines 5%
        342 19 Slow sales of chips and competition on cellnlar phone market to blame Bloomberg Business News [SCHAUMBURG, Illinois] Motorola Inc said third-quarter earnings fell 58 per cent because of continued slow sales of computer chips as well as increasing competition for cellular telephones.
        Bloomberg Business News  -  342 words
      • Article, Illustration
        Lock icon National Mutual makes strong debut
        245 19 Reuter (MELBOURNE] Australian life insurer National Mutual Holdings Ltd delighted its big army of shareholders with a strong debut on Australian and New Zealand bourses yesterday. National Mutual shares closed Asl.Bo or 20 per cent above the level paid by retail investors and at a
        Reuter; REUTER  -  245 words
      • Article
        Lock icon News Corp, Time Warner in bitter row
        175 19 NYT [NEW YORK] In an unusual venting of vitriol between two media giants, Time Warner and News Corp took their long-running feud to city hall on Monday, lambasting each other before a panel that is reviewing whether Time Warner should be allowed to
        NYT  -  175 words
      • Article
        Lock icon Hopewell suspension fuels speculation of deal
        280 19 Bloomberg Business News [HONGKONG] Hopewell Holdings Ltd yesterday asked the territory's stock exchange to suspend trading in its shares amid growing speculation it is poised to sell its Asian power unit to GPU Inc of the US. A spokesman for GPU, which owns one
        Bloomberg Business News  -  280 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Offshore banking centres agree to greater scrutiny
        345 20 Accord eases flow of information between banking supervisors FT [LONDON] Banking supervisors from large offshore financial centres have agreed to cooperate more with their counterparts in industrialised nations in investigating irregular behaviour at banks under their control. The agreement between the so-called Basle
        FT  -  345 words
      • Article, Illustration
        Lock icon Worth its weight in cash?
        55 20 [LISBON] Portuguese gold coin researcher Jose Marinho showing the world's largest gold baron Monday. The bar, weighing 1.388 kg, was minted in Brazil in 1813, when prospectors brought their gold to the Colonial Royal Mint in Mato Grosso. The bar will be auctioned on Oct
        REUTER  -  55 words
      • Article
        Lock icon Foreigners flock to new Sakura Bank shares
        367 20 Reuter [TOKYO] Undeterred by the woes of Japan's debt-laden finance industry, foreign investors have flocked to a new share offering by the nation's fourth-biggest bank. The strong interest in the preferred shares issued last month by Sakura Bank Ltd, despite the institution's relatively
        Reuter  -  367 words
      • Article, Illustration
        Major US custodian opening branch office in Singapore
        241 20 Northern Trust's unit here will focus on Asia-Pacific region [SINGAPORE] Northern Trust, one of the top five global custodians in the US, will open a branch office in Singapore on Oct 15. "The Singapore branch will focus on client management, business development
        241 words
      • Article
        Sing$ recovers after initial jolt
        196 20 [SINGAPORE) The Singapore dollar was momentarily jolted yesterday on news of weak industrial production figures, but recovered to end slightly stronger. After falling sharply to 551.4118 against the US dollar, it recovered to 551.4101 for a net gain on the day of 0.1 of a
        196 words
      • Article
        Lock icon Futures markets too weak for hedging
        374 20 Reuter [SHANGHAI] Trading on most of China's futures markets, under pressure from Beijing to curb speculation, has dropped so far that hedging has become quite impossible. A trader with a futures firm in Shanghai said yesterday that only the metals contracts market, the Shanghai
        Reuter  -  374 words
      • SMALL Change
        • Article
          Lock icon Lloyd's reaches pact on Arizona Names
          74 20 Reuter [NEW YORK) Lloyd's of London said on Monday that it has reached an agreement with the State of Arizona, representing a final resolution of all claims and disputes arising from participation of Arizona Names in the Lloyd's market. The agreement extends to Arizona
          Reuter  -  74 words
        • Article
          Lock icon BNP, Dresdner not raising crossholdings
          74 20 Bloomberg Business News [PARIS] France's Banque Nationale de Paris and Germany's Dresdner Bank said they had no plans now to raise the 0.9 per cent stakes they hold in each other. "We do not see the need at the moment to increase these cross-shareholdings," BNP
          Bloomberg Business News  -  74 words
        • Article
          Lock icon First Union to buy Florida bank
          59 20 Bloomberg Business News [CHARLOTTE, North Carolina] First Union Corp will acquire Home Financial Corp of Hollywood, Florida, for an undisclosed amount. Home Financial, a savings loan institution with US$l.22 billion (Ssl.7 billion) in second-quarter assets, operates eight branches in south-east and central Florida under
          Bloomberg Business News  -  59 words
      • Article
        Lock icon Euroyen, JGBs edge higher
        228 20 SOKEXReport Reuter [SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures crept a little higher again yesterday, extending a rally that has pushed yields towards record lows. But dealers said both markets were still looking "toppish" and may not be able to move much higher. "For
        Reuter  -  228 words
      • Article
        Lock icon CURRENCY REPORT
        168 20 Reuter AFP London THE dollar steadied after early losses against the mark, which firmed from recent lows on the European crosses. Dealers said the market was grasping for news and with little or no data emerging from the US until Friday's producer prices and retail sales figures, they
        Reuter; AFP  -  168 words
      • Article
        Lock icon Indonesia avoids being net oil importer
        298 20 ENERGY REPORT Reuter [JAKARTA) Indonesia, Asia's only Opec member, will do its best to postpone becoming a net oil importer, President Suharto said yesterday. "On account of the possibilities of exploiting the potential oil/gas and geothermal reserves at our disposal, we shall try our
        Reuter  -  298 words
      • Article, Illustration
        Untitled
        1444 20 PfTEBBAlCK CROSS RATES Oct OS A$ C$ Binfc ECU Ffr Om HK$ *6 »s ftgiih Y«o Won Ughth Pmo 5$ to* Sfr Mtt 8Ht Po—d USS Australia 1.067 6.178 0.629 4.066 1203 6.095 28.092 18.297 0.875 6.535 1.972 1139 29.199 20.704 1.112 1574 0.985 *****20.049 0J04 0.788 Canada 0.937 6.(46
        1,444 words
    • Article
      COMMODITY PRICES
      1802 21 SICOMrPTURES Oris RUUCR (Mures dosing a* it SJ0p«) RSS 1 CONTRACTUS c««ts/kg) Close Volume Open Mowtb Htqft Low Sttt (tonnes) Interest Nov 96 175.00 1150 Dec 96 177.00 2175 Jan 97 180.25 1800 Feb 97 181.00 1800 Mar 97 181.75 1800 Apr/Jun 97 182.00 4200 Jul/Sep 97 182.50
      1,802 words
    • Article
      WORLD STOCK MARKETS
      2299 21 LONDON Oct i AS Ports 264.400 -1.600 AMay National 613.600 .600 ARM Domacq 444 2 A mac 106.400 .400 Amu Croup 107.600 2.200 BATInd 428 *4 BKC 289.400 2.400 BOC Croup 873 -5 BRPatrolaum 696 -4 BTR 267.400 -.600 Bank of Scotland 271 -1.400 Barclays 967 -5
      2,299 words
    • Article
      Lock icon TOKYO
      1670 21 Reuter □Nikkei 225 -122.48 STOCKS closed lower in subdued trading yesterday, with investors' attention on the lacklustre debut of West Japan Railway Co. Brokers said sluggishness would linger until Japan's political climate becomes clear after the general election on Oct 20. The key 225-share Nikkei Average was down 122.48
      Reuter  -  1,670 words
    • Article, Illustration
      Lock icon HONGKONG
      1653 22 AFX-Asia Q Hang Seng -2&31 SHARE prices closed lower yesterday with the market consolidating after recent gains and in the absence of fresh leads, dealers said. The Hang Seng Index closed down 26.31 points at 12,106.76. Turnover was HK$7.l4 billion compared to HK$B.56 billion on Monday. "It looks like
      AFX-Asia  -  1,653 words
    • Article, Illustration
      Lock icon CHINA
      684 22 Reuter Q Shanghai B Share Index -0.38 SHANGHAI B shares ended down yesterday with overseas institutions dumping stocks with poor results late in the session. The index ended down 0.38 point to 48.70 on volume of 9.4 million shares worth US$3.l million. The textile sector led yesterday's fall with
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  684 words
    • Article
      Lock icon TAIPEI
      343 22 AFP QWP Index -35-51 SHARE prices finished lower yesterday as most investors stayed on the sidelines due to a lack of fresh incentives. "The market opened slightly higher but the shortage of buying interest dragged down the index until the close of trading," said a trader. The TSE Weighted
      AFP  -  343 words
    • Article, Illustration
      Lock icon JAKARTA
      754 22 AFP kJ Composite Index -1L53 SHARE prices fell 2 per cent yesterday as investors sold stock in Telkom and overall sentiment was also hurt by concerns over clove cigarette maker Sampoerna. "This is a bit of a consolidation. It is not really that sharp if you compare it to
      AFP  -  754 words
    • Article, Illustration
      Lock icon BANGKOK
      854 22 AFP n SET Index +IL7I SHARE prices closed up 1.2 per cent yesterday as bargain hunters moved in following heavy selling by foreign investors and a 6 per cent plunge on Monday, analysts said. "Foreigners have completed their sell orders and local financial institutions entered the market to pick
      AFP  -  854 words
    • Article
      Lock icon MANILA
      299 22 AFP n Manila -83.49 SHARE prices closed 2.7 per cent lower yesterday as foreigners sold stocks. "Foreign selling is still unabated," said a trader, referring to a downturn that began last week when foreigners began unloading certain shares. The PSE Composite Index fell 83.49 points to 3,037.54 points. Turnover
      AFP  -  299 words
    • Article
      Lock icon SEOUL
      422 22 AFP Composite Index *129 SHARE prices closed firmer yesterday, with late arbitrage selling partly eroding earlier gains among blue chips. The Composite Price Index rose 2.29 points to 797.62. Turnover was 39.1 million shares worth 635.6 billion won. Risers beat falls 453 to 409. Brokers said many blue chips
      AFP  -  422 words
    • Article
      Lock icon SYDNEY
      618 22 AFP □All Ordinaries -8J AILING resource stocks helped to drag shares down 0.3 per cent, preventing the bourse from recording a record high close yesterday. BHP and RTZ-CRA were the subject of a sell-off in late trade, leaving the All Ordinaries Index 8.1 points lower at 2,331.7. Turnover was
      AFP  -  618 words
    • Article
      Lock icon WELLINGTON
      267 22 Reuter □Wellington -SL3B SHARE prices retreated yesterday against a backdrop of weak debt and currency markets. The NZSE Top-40 Index fell 9.38 points to close at 2,265.38 on volume of NZ552.5 million. Reuter Oct! 18 ANZ Bonkinq .1. 8.40 *0.03 7300 Advantages Hldqt 1.32 unch ***** AirNo*Zo*l«nd(A> 3.06 unch
      Reuter  -  267 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7510 23 cmi rmMii CM— KLSC Compowlt "40.08 "48-5 -5.42 NST Indujtrm 6194.62 6206.13 "13-31 NST rwunct 132W.11 *****.65 -13SJ4 NST Pro®trt>.» 2926.63 2942.49 -15.86 NSTMM£T 3120.54 3165 2, 44.65 I S?BoSvSs*» *****2 *****8 4J76 MtateStfVtfdiS) 1,206.042 I.1SUM '***** Conurctr Prod 17,657 16.303 -446 SIm 22.4W -W01 Construction 9,406 13,563 "4,157 26.647
        7,510 words
      • Article, Illustration
        Lock icon Shares ease, led by Genting
        549 23 Bloomberg Business News n Composite Index -5.42 STOCKS fell yesterday, led by Genting, amid concern the casino operator will post slower earnings growth in the next two years. "There'll be a slowdown coming from its casino earnings and paper plant," said an analyst. "I don't
        Bloomberg Business News  -  549 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3631 24 BQMPS, LOANS WARRANTS m MM Last Vol Day La»t Quota _A»« Ht* Low Stno Company Srt# ♦of- COOO) Hlqh Low B u y.f S.ll.r Weo 54 47 m 3000 m AMDS c5.5%*****6 50.5 50 5 49.5 39 3)60 -Acor ******1USS 45 -I 18 45.5 45 46.5 108 89 3164 Acma
        3,631 words
      • Article
        Petronas Gas wrts undervalued?
        210 24  -  WARRANT WATCH IV R Sivanithy THE concept of "value" is very subjective. What some may view as undervalued may be seen by others as overpriced. From our point of view and barring any inside information regarding the fortunes of the company, the only objective method of
        210 words
    • Article
      CLOB INTERNATIONAL
      2154 24 MALAYSIAN STOCKS Cf Of yyne Last Vol Day Last Quota 0<y Otv YM Hot M Cap LOW Stno Company Sale COOP) HI* Low Buyer Se»er C'vr H P/C UnM tyc uq ms5000 AISB50C 426 Cd -14 17 438 426 426 440 5.0 4.9 03 88.9 437.0 119 84
      2,154 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1188 25 TURNOVER COOO) VALUC (*000) at T«m iw Q>8 r«w imjuttnd 25.321 9.389 34,710 ST,#34 31,0V* "***9 Ftn*oc« 3.544 2,845 6.389 36.370 5,523 ***** Hot*to 1,619 359 1,978 4.807 626 5.432 Propwtlw 6,631 4,508 11,139 32.325 6,438 38.763 PlantMion 1.470 1,470 3438 3.338 Mtnifvq 406 406 ',090 1.090 BLW 5.164 4,142
        1,188 words
      • Article
        MAIN BOARD
        4556 25 1996 Last Vef D«Y U" Qyl*. PJr V 2J Jf£ ijjj p^2 Htgll Law StNo Company S*. COOP) High L— —yec «e8er C $mM Price INDUSTRIALS 5146 ASE NTSIO 200 US- I lOOO 900 ASF US$0.***** US900 ,59 ON 75 t0 tl0 294 7 2V4 165 1258 Acer
        4,556 words
      • Article
        SESDAQ
        944 25 Or Or M Wt 1996 Last V* D.* Last Own Ote Mv Ytd Nat Cm Av* HH» La« 8Wa Cl—Wty UH rOOOt HH> I— 8»T» Cw PK H«» SCSOACI 289 135 a 2000 ABRHidOsSc 164 unch 34 164 162 164 MS 3.0 1X2 0.1 102.5 72.9 164 90 68
        944 words
      • Article, Illustration
        Untitled
        235 26 Stacks Votam* DBS Land 3,733,000 SingTel 15c 2.743,000 Ving Tai 2Sc 2.464,000 •Innovest Bhd 1.923,000 U(C 1,922,000 Mippecraft 10c 1,897,000 JSH US$0.05 50 1,808,000 •Tech Resources 1,798,000 Comfort Grp 25 1,706,000 HK Land USS0.1 1.314,000 Stocks OSS Land 16.575.719 SIA Foreign 16.098.866 OCBC Foreign 11,918,980 •Innovest Bhd 11,654,100 U08 Foreign
        235 words
      • Article, Illustration
        HOT STOCK
        57 26  -  bf! Paul Leo DBS LAND has been trading between 94.38 and $5.10 since mid-May. However, Average Directional Movement Index is indicating a trend emerging soon. Yesterday's eight-cent fall to $4.44 has pushed daily and monthly Relative Strength Indices into oversold territory. The only risk is that the selling
        57 words
      • Article, Illustration
        Market succumbs to bout of selling pressure in region
        637 26  -  STOCK MARKET COMMENTARY Some see a general downgrading of the region, with the exception of Hongkong By R Sivanithy [SINGAPORE] A region-wide bout of selling pressure yesterday dragged prices here and in Malaysia lower, frustrating observers who had been hoping for
        637 words
      • ON THE GRAPEVINE
        • Article
          An IPO good enough to eat
          96 26 FRENCH pastry shop operator Delifrance is launching another IPO Irresistible Pastry Offer in conjunction with its 45 million shares offer to the public. Called Le Financier, the buttercake (in the shape of a gold ingot) will be sold for the same price as the
          96 words
        • Article
          Worth watching?
          65 26 JARDINE Fleming Securities is leading 13 Malaysian companies on a three-day conference in the US which ends tonight. The roadshow is expected to be attended by 300 US fund managers in New York. The 13 Malaysian companies Amcorp, AMMB, Guinness, 101 Corp. KFC, L&G. MRCB, Malakoff. NSTP, Renong,
          65 words
        • Article
          International Toilet Symposium
          97 26 THIS is serious, so please don't pooh-pooh an invitation to the "International Toilet Symposium" organised by the Japan Toilet Association from today to Friday in Toyoma City, Japan. The symposium, we are told, will provide a forum for participants to discuss and identify solutions to the problems
          97 words
        • Article
          More on toilets
          159 26 IT IS a merger that got flushed out by the minority shareholders. According to wire agencies. Royal Sphinx Gustavsberg NV and Keramik Holding AG Laufen have cancelled plans to create the world's second-largest toilet bowl and shower stall maker by merging their bathroom products units. The Swiss
          159 words
        • Article
          Hand carriers not for all
          149 26 If TYCOON Li Ka-Shing were to try bringing a hand carrier bag into his Park 'N Shop department store in Shanghai, chances are he would be stopped by the guard. This is because Mr Li, though a billionaire, is still a Chinese, and Park 'N
          149 words
        • Article
          Temptations, sins and lust
          49 26 TEMPTATIONS is the name of a well-known chain of cake-shops which has been around for some time. It has, since Oct I, been joined by "Sins", an upmarket chocolatier at Millenia Shopping Centre. Someone suggested that perhaps the next retail outlet should be called "Lust".
          49 words
  • Page 17 Advertisements
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      78 17 proTessioTals CAN'T BE WRONG 9 12 October 1996 Singapore International Convention Exhibition Centre Suntec City Singapore Asia s leading electronics manufacturing exhibition and conference, is again set to attract v(g over 30.000 professionals in the growing electronics manufacturing industry. Bjj j! Ij; j of ronics Like the Company that Knows
      78 words
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      51 18 y y 9 AUCTION: 11.00 am, 30th October 1996 on site Katies *284-292BOURUSIHEIMALI,IBBOUJI* It's the star retail offering of 1996. J|k 1 11 BI! 3,051m i *ofnettlettable OOA OQQQ Long lease to Katies, subsidiary of Coles Vlyer, 1 11 and Brevity Nominees (The Reject Shop). |22D5!C223 1 -*"<&■ y ]1<
      51 words
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      Page 19 Advertisements Column 1
      288 19 a "I've tried Just-in-Time delivery. Total Quality Management, Re-engineering. Even "TB Feng Shui. So what's this J new thing you're calling Network Computing?" gl Something magical is happening This networked world can get information COWH J T I to our P' anet hs gating smaller. where it's needed, when its
      288 words
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      Page 22 Advertisements Column 1
      48 22 t 4 si j j I II Mi Millenia Walk, #01-22/23, 9 Raffles Boulevard. Tel: 339 0183 vhll 11 118 Ngee Ann City, Tower B, #01-11, 391 Orchard Road. Tel: 734 2427 -p fj' YftV IP —0 Hilton International, #01-04, The Shopping Gallery, 581 Orchard Road. Te1:235 0295
      48 words
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      Page 23 Advertisements Column 1
      120 23 Save up to 4hrs to the USA via our Detroit hub. BThe best way to enjoy extra time on the ground in the Eastern USA is to fly Northwest For instance, we'll save you almost an hour to New York and Chicago, shrs to Minneapolis, 4hrs .v.- to Detroit and
      120 words
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      Page 24 Advertisements Column 1
      91 24 ,fv K Vp\ SINGAPORE HANDICRAFTS Master In Oriental Charm. lit Wlth Y ears of tradition. Singapore Handicrafts has mastered the art of furnishing V, homes with Oriental charm Rosewood of the highest quality is carefully selected, |jpi§B Wlfcilft■>- EJ22s^3^m3(3SS££«<mSS3Sm33M r\ then transformed by the expert hand-crafting skills of our factories'
      91 words
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      163 25 ■»l lb: SPH AudioTex Department Singapore Press Holdings Ltd 82, Gen ting Lane Singapore *****7 Te*****-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 Q 6 months Q 3 months
      163 words
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      Page 26 Advertisements Column 1
      559 26 BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 SIAM CITY BANK LIMITED acting by and through its Cayman Islands Branch US$45 Millllon Negotiable Floating Rate Certificates of Deposit due in October 1996 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the Interest
      559 words
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      Page 26 Advertisements Column 2
      410 26 M THE MATTER OF THE COMPAMES ACT, CAP. 50 CHEW KENG SENG COMPANY PRIVATE UMTTED (In toturOry liquidator)) At an Extraordinary General Meeting of the members of CHEW KENG SENG COMPANY PRIVATE LIMITED duly convened and held al 6001 Beacn Road #14-01 Gotten Mie Tower, Singapore *****9 on the 3rd
      410 words
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      Page 26 Advertisements Column 3
      312 26 IN THE MATTER OF THE COMPANIES ACT, CAP. SO PRO-MAG HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Sectioa 308(1) of the Companies Act. Cap. SO that the Final Meeting of Members of the above-named Company will be held on Friday. 15th November 19% at
      312 words
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      Page 26 Advertisements Column 4
      406 26 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF TRIDENT LINES PTE LTD (Members' Voluntary Winding Up) At an Extraordinary General Meeting of the Members ot TRIDENT LINES PTE LTD, duly convened and held on 7th October 1996, the following were duly passed:* 1. SPECIAL
      406 words
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      Page 26 Advertisements Column 5
      124 26 The Asia Pacific region is likely to grow and flourish well into the new millennium. With Singapore's buoyant economy linked to the vibrancy of this growth region, there exist many investment opportunities. To shed light, The Business Times will publish a special feature with the theme "Investing In Asia". Our
      124 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      303 27 Bridge News Reuter RATES were talked up on the freight market for north American Panamaxes, but as yet there is little evidence to support the firmer outlook, brokers said. The BFI was, in line with expectation, 6 points up at 1.029 and this gave traders some minor incentive
      Bridge News; Reuter  -  303 words
    • Article
      MARITIME STOCKS
      301 27 SES '000 we w CWT Distribution 1.13 -0.02 20 Ctw«n Hup 0.965 unch 146 Cosco invastmant —1.39 *0.01 23 FtLS 6.35 unch 105 Fraight Links 0.70 unch 2 SB Holdings Ltd 0.915 -0.01 Hai Sun Hup 0.995 unch 20 Hitachi Zosan 0.805 -0.01 23 IMC Holdings HK5.60 J*y«
      301 words
    • Article
      Thai port officials get nod to upgrade Laem Chabang
      507 27  -  Govt wants port to handle ships of 4,700-TEUs and 80,000 dwt Froi Alan Boyd in Bangkok LAEM Chabang port in eastern Thailand will be upgraded to handle mother ships of 4,700 containers, despite doubts over forecast levels of demand. The Thai
      507 words
    • Article
      Lock icon K&N singles out perishable cargo
      159 27 Reuter [FRANKFURT] International freight forwarder Kuehne Nagel AG said on Monday it will target the perishables market as a key future business segment. Chief executive officer Klaus-Michael Kuehne said in a speech to 200 employees of parent company Viag AG that Kuehne Nagel's US division
      Reuter  -  159 words
    • Article
      Fast Ferry conference: when America's loss is Singapore's gain
      671 27  -  STRAIT TALE By\ Seafarer SINGAPORE does not need to be told how important the contribution of conferences and exhibitions are to the economy. Still, the recent experience in the US of a big conference organiser in shipping serves as a useful
      671 words
    • Article
      China's Eximbank helps to export 238 vessels
      173 27 [BEIJING] The Export and Import Bank of China has raised a total of 7.78 billion yuan (SSI.3 billion) and US$lB5 million for China's exports of ships since it started business in July 1994. Statistics provided by the two-year-old policy bank show that the
      173 words
    • Article, Illustration
      HK shipowners body may raise membership fees
      245 27  -  From David Taylor in Hongkong THE Hongkong Shipowners Association, hit by a serious shortage of funds, may see another move to raise membership fees amid general dissent at the coming annual general meeting next month. Speaking at a recent shipowners lunch, director Michael
      245 words
    • Article
      Lock icon MSE to focus on engineering, shipbuilding and repair
      295 27 MBT (KUALA LUMPUR] Malaysia Shipyard and Engineering Sdn Bhd (MSE) plans to concentrate on the three core businesses of egineering/offshore construction, shipbuilding and shiprepairing. MSE chairman Khalid Dahlan said at its facilities in Pasir Gudang, Johor, last week. "There has been a
      MBT  -  295 words
    • Article, Illustration
      Partnerships on a global basis
      1073 28 TRAMS-PACIFIC SHIPPING: CATERING TO CARGO GROWTH The following are edited excerpts of a speech by S Yano, Nippon Yusen Kaisha Tokyo s general manager of its container marketing group, at the recent Intermodal Asia 96 conference held in Singapore THE biggest points in pondering the
      1,073 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      404 28 PACE Evergreen 6 AEiOcean 16 FlBnght 7 ACL 14 FMG 15 AFTShpg 14 8 Famous 7 ANl 3 Farmde 14 Able 16 FoongSun 8 It Accord 8 Frota 8 Ahrenkiel 4 Frt Links 13 Appenship 4 Frt World 7 Astro 3 C Link
      404 words
    • Article
      SHIPPING GUIDE
      10658 36 EXPORT ETA ETA Adv artist VMS* Voyag. Trf.phon. ETA ETA AMrtMf VMM* Voy*. TjjJJJJt t SIN Dvst'n Nam. Mam. Numt>.r Num<*r SIN OMtn Nam. Nam. Num0.r Numo.r 12/10 26/10 Evcrqrttfl E. RIGHT RW-025 65-*****65 1 A IVW 20/10 Xour OCEAN CENTAURUS 202 65 *****54 13/10 22/10 MISC OCN.CENT
      10,658 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        717 43 Vessel Voy No Berth Arrival Departure Jvn| Nft Dcntfii 37 JO 7 alongside 08.1C/1200 MM indah N3I5 J02 aionqside 09.10/2300 9<n«lnd4fi BI9606 J03 aionqside 08.10/2000 K Ural 5/% J01 aionqside 08.10/0300 Bt Oaras ay 52/96 J01 atonqside 08.10/0300 St JaM R 2 *****6 J01 4tonqs.de 09.10/2200 Bt tar
        717 words
      • Article
        CONTAINER SCHEDULES
        1750 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/Bjlance Rstls Ship Voy No Etb/Btr Period From To From Ml j«M 3IK 10/2000 K 01/1500 OS/1659 08/1900 2A 08/1700 09/0651 01/0900 i M/oroo 09/1159 09/woo 4 09/1200 09/1459 09/1700 jumut* "oira 09/2300 n oi/itoo 09/0*59 09/0900 3 09/0700 09/1159
        1,750 words
      • Article
        GLOBAL HOLIDAY
        165 43 OCT 9 Azerbaijan: Army Day. Ecuador: Guaquil's Independence day (throughout country). Uganda: Independence Day. Korea: Hanggul Day. OCT 10 Japan: Health-Sports Day. Taiwan: National Day. Kenya: Moi Day. OCT 11 Costa Rica: Discovery of America (To Oct 12). OCT 12 Chile: Columbus Day. Costa Rica: Discovery of America.
        165 words
      • Article
        COCKETT BUNKER MARKET REPORT
        694 43 THIS report, compiled by Cockett Ma rine 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 indi cated The Cockett Bunker Price Index change
        694 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        542 43 Carbon 180 Mai 992.6 t.O 17.6 0.10 57 0.00 Oct 4 Density Water Residue Ask Ataminiiw* Sediment No above E2S 1 0 9 0 0 380 Ave 968 0 0J 13.9 0.07 32 0.00 w Ium 380 Mai 991.5 U 19.2 0.11 54 0.00 IWI »»/v
        542 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon European airline passenger traffic up 7.6% in Aug
        285 44 Growth capacity matches demand, says Association of European Airlines Bloomberg Business News [LONDON] Passenger traffic on European airlines rose 7.6 per cent in August, "one of the better monthly results" so far this year, the Association of European Airlines said. The trade
        Bloomberg Business News  -  285 words
      • Article
        Lock icon Lima airport radar out of order on day of Boeing crash: report
        310 44 Divers searching for black boxes of Aeroperujet AFP [SANTlAGO] A newspaper here claimed on Monday Lima international airport's radar was out of order when an Aeroperu Boeing 757 crashed into the Pacific Ocean six days ago, killing all
        AFP  -  310 words
      • Article, Illustration
        Lock icon Sabena in cooperation talks with Virgin Express
        353 44 Bloomberg Business News [LONDON] Sabena SA, the Belgian airline, said it's in talks on forming an alliance with Richard Branson's Virgin Express, though it declined to say whether this might involve joint flights between Belgium and Britain. The airlines already have an agreement
        Bloomberg Business News; FILE PHOTO  -  353 words
      • Article
        Lock icon Dragonair to buy A320s to meet demand on China routes
        279 44 HE carrier confirms talks with Airbus taking place Reuter [HONGKONG] Hongkong Dragon Airlines (Dragonair) is about to buy two new Airbus Industrie consortium aircraft and lease another to cope with increasing demand on its routes into China, industry sources said.
        Reuter  -  279 words
      • Article
        Lock icon Rolls-Royce plans to sell Bristol Aerospace
        203 44 Reuter (LONDON) Rolls-Royce pic said on Monday it intends to sell its Canadian Bristol Aerospace Ltd subsidiary. "Over a period of time, Bristol Aerospace's products have gradually moved away from the business areas that Rolls-Royce sees as central to its operation in the next
        Reuter  -  203 words
      • Article, Illustration
        Lock icon Look, no rear axle
        56 44 [SYDNEY] Guests looking over the Australian designed, developed and manufactured utility vehicle called the Razorback at its launch here yesterday. This new utility vehicle, originally invented in Australia in 1934, has electro-hydraulic pumps to raise and lower the floor. This is only possible due to the
        REUTER  -  56 words
      • Article
        Lock icon HK air cargo bottleneck expected
        174 44 Reuter [SEATTLE] Air cargo capacity from Hongkong to North America is becoming hard to find and traffic backlogs are beginning to develop, a leading US freight forwarder official said. Barry Richard, director of pricing for Expeditors International, said forwarders and consolidators are scrambling to line
        Reuter  -  174 words
      • LOG Book
        • Article
          Lock icon Protesters delay German trains
          71 44 AFP [HANOVER, Germany] Sabotage attributed to anti-nuclear protesters delayed hundreds of trains in Germany yesterday, police said. Eight incidents were reported of grappling irons being thrown over electric overhead wires, causing short-circuits. Police suspected opponents of the transport of nuclear waste to a provisional storage site
          AFP  -  71 words
        • Article
          Lock icon Fiat prepares to launch Palio Weekend
          90 44 Reuter [TURINI Italian car maker Fiat Auto said it will in the next few weeks present the new station wagon version of its Palio world car. The new model, called Palio Weekend, will be shown for the first time from Oct 23 and will
          Reuter  -  90 words
        • Article
          Lock icon Russian cargo plane crashes in Turin
          67 44 AFP [TURIN, Italy] A Russian cargo plane with 20 crew on board crashed early yesterday near Turin airport in northern Italy, airport sources said. A spokesman at the Di Cirie hospital near Turin said injured people were being rushed to its casualty centre. No
          AFP  -  67 words
        • Article
          Lock icon Burlington wins BA engineering deal
          64 44 Reuter [IRVINE, California] Burlington Air Express (BAX) said British Airways pic engineering division has awarded Burlington Air Express a new, open-ended contact to handle its logistics and air shipments for aircraft replacement parts. BAX said in a statement that the "multi-million-dollar" contact covers deliveries from
          Reuter  -  64 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1724 44 CITY FLIGHT ETA FUQfl ETO MmIm SOW IMS S0990 OCO Abo Dhabi SQ442 2025 Hint— S0>09 2120 S08I0 1020 Adelaide S0229 2220 Hanoi VN741 1300 S0176 1105 Amman RJ182 1445 RJ183 2225 ***** 1840 V 740 M1 Amsterdam KL833 0935 *L838 2300 "JM 1*5 jj* 0
        1,724 words
      • Article
        Lock icon GM's layoffs reach 1,850 in US due to Canada strike
        229 44 Bloomberg Business News [DETROIT] A Canadian Auto Workers strike against General Motors Corp neared the end of its fifth day with no resolution in sight and a growing number of layoffs at GM and other companies dependent on the idled
        Bloomberg Business News  -  229 words
  • Page 27 Advertisements
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      15 27 Container liner partnerships on a global basis Trans-pacific shipping caters to cargo growth. Page 2
      15 words
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      Page 27 Advertisements Column 2
      206 27 European airline passenger traffic up 7.6% in Aug Growth capacity matches demand. Back Page VANUATU MMOBP services vamm Ship registry and corporate administrator in New York for the Republic of Vanuatu Tfflfcmi T IiTTI T Over 16 years professional V/millJ/mJi lJ maritime administration ImW, An International i Vanuatu, a member
      206 words
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      1127 28 I N&miAMemcA j i export i i other destinations 1 C DIRECT TO WEST COAST WEST COASTOf CENTRAL AMEROCA {MARGARITA SERVICE) I VBSa Ivor |eusw|ETCS*| U OAK vat pai HOU O*C NT ■cocoon mse IW I IrtawnM I KXUMHM |1M IS/11 M/ 111 M/ 11 T #1/11 I #4/11 I
      1,127 words
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      Page 28 Advertisements Column 2
      667 28 Lines services repfesenteO (ff t ßkVV by Members of the Registry of c t^.. > mm)) Accredited Agents. S pore National Shipping Assoc Assoaation FREIGHT UNKS EXPRESS GROUP lOth ANNUAL GOU TOURNAMENT This Friday, 11th October 1996, the FLE Group will be holding their annual golf tournament at the Tanah
      667 words
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      Page 29 Advertisements Column 1
      1017 29 EXPORT TO: TO: JEDPAH/UK/CONTINENT I Vital VOT SIN JED R'DAM H'BUtG B'HAVIN S7ON LEH ALSO ACCEPTING CARGO FOR: NEDUOYD OCEANIA 5406 10/10 31/10 W/10 02/11 GLASGLOW, GRANGEMOUTH BUftGA PELAMGI 1404 11/10 27/10 29/10 01/11 02/11 AND SOUTHSHIELDS NEDUOYD HONSHU 3406 12/10 01/11 31/10 21/10 29/10 rtcnex IHMKS 5416 17/10 07/11
      1,017 words
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      Page 29 Advertisements Column 2
      2045 29 0 HANJIN SHIPPING USA CANADA* liMHHft/voT TiSi sm "liu roi T~nw top cm on i» m mm km oos ntc ok rvt m ni m tic aiunuom iiTiT 31/10 "w/iT" 03/11 oi/u 03/11 os/u 04/11 ot/n "o«/n os/11 04/u ot/n ot/n 02/11 07/11 07/u 04/11 04/11 H WfWIWOni is/to 17/10
      2,045 words
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      Page 29 Advertisements Column 3
      102 29 ORIENT EXPRESS UNES (U.K.) LIMITED f (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE ViSSEL VOY SINGAPORE IQNtfAY VESSEL VOY ItMMAY SINGAPORE NORDKAP 401 09/10 16/10 NORDKAP 400 02/10 09/10 ELIZA 303 16/10 24/10 EUZA 302 09/10 16/10 SINAR TOBA 202 26/10 02/11 SINAR TOBA 201 18/10 26/10 NORDKAP
      102 words
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      1394 30 <<r DS/t-SENA TOR Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT ■m |sm RTM BAV I HAM IFU I ANT I LHA I VESSEL IVOY IIHA HTM I WV~ HAM FIX AWT Ml KWTOMSBI WH46 SIT 31.10 01.11 02 11 0311 Mll 0011 DOT SENATOR EH4I IS H 10
      1,394 words
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      Page 30 Advertisements Column 2
      1506 30 1 NORASIAH I VESSEL VOY [SIN PKLI OOA LAS BCL VAL ALO ROT ANT FEL LMA I NOR KIEL 9639-3 0910 1 0/10 25/10 30/10 26/10 63/11 64/11 31/16 11/11 61/11 62/11 NOR SHANGHAI 9646-3 16/10 17/16 61/11 66/11 62/11 16/11 11/11 67/11 61/11 66/11 66/11 MSCALEXA 9641-3 23/10 24/16
      1,506 words
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      Page 30 Advertisements Column 3
      453 30 Direct Container Service: to Fangcheng Zhanjiang i Vessel S'pore Fangcheng UANBAO 11/10 16/10 18/10 A/Q/?TRANS Mufti-Purpose RO/L0 Carrier Accepting: t" RO/RO, Ramp Capoaty upto 40 tons Heavy Lift upto 65.5 tons Break M /Coatamer/Reefers Contdtm Thai Flog Status S AsMEtyws V.33A 10-13/10 17-20/10 14-17/10 23-K^l Asm Exprtss V.34A 23-2S/10 29-01/11
      453 words
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      1429 31 jWB^TRAIT^mPPIN^r^T? 10 Hob Chiang Road #11-01 Kappel Tow«r» Singapore 0208 Tbl: *****88 Fox: *****17 MIAH HBUHEI CONVENTIONAL SERVICE I SARAWAK CONTAINER StRVICt Ivpsa VOY I 'in IMM Ivtssa VPT IsiMOAPOtt XUQBNO STMmSTM VH23I I 11/10 14/10 IS/10 CUAIU JM M-22 VWSU 13/10 LiZi® srugsjcrj vHi« I is/10 n/io 20/10 omm
      1,429 words
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      Page 31 Advertisements Column 2
      2016 31 3 SAIUNGS PER WEEK FOR SINGAPORE EUROPE SERVia I SMGAPOOI'S GENMAI AGENTS: SHOJTON WAT TEL: 224 1100 MX: ***** M OUTWAID CIA) 4MSM2 I COSTAR SHIPPING PTI LTD fi7-M dm kdc sales/MGS 4msmi/43 inwaid DOT <D/o) *****15 COSTAR AGENCIES (M) SDN BHD nwofwm rown two (oaoioi) conventional t/shpmtpgr <w» m:O2-07
      2,016 words
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      Page 31 Advertisements Column 3
      285 31 f! IPFRKAPAT.AN DAI ZHUN ?V ///y TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 KUCHIMG-FASTtST TKAHSIj/ MUAAA-FKIOKITY BEBTHV JHO CHI MIHM-DEDICATED A GIKIM 9627 12/10 GUOO 9629 H/IO GIWI ***** 09/10 APPLE 961 SO 16/10 GITONG 9617 14/10 GIHUAT
      285 words
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      1332 32 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA ero anii anim HBG THP ZEE LHV LMV THP ROM AM* HBG PKL SOP E RIGHT RW-02S 12/10 KTI 02/11 #2/11 04/11 05/10 00/11 E GARDEN K-00S ISM 10/00 17*0 10/00 2M» 14fl0 IMO RACJR RW-012 2*lo 10/11 11/11 IV" W1 14/11 E GUIOE RM7S 22*0 23/00 2S/00 20/00
      1,332 words
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      Page 32 Advertisements Column 2
      1058 32 Im'onmid mlm* imo rfto SKo S/h> wo mcmoiu mtnSi £a* 5Tm oTTo ovio u/io I |"S ISsS \w wo a/io im »/io So. S/S mam oa/.o 07/10 01/10 01/10 71/10 t I Also aa»pirig I }!&m.»n< lluum ij/!o WIO rf/jo 24/10 I UWnUI OUCNNH JWI TU* IVIO B IST K
      1,058 words
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      Page 32 Advertisements Column 3
      695 32 g RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33(12 UNES) FAX; *****15/*****03 TELEX: RS ***** RISHIP (3 Unas) CR NO: **********0E r i i \W\ ETHIOPIAN SHIPPING UNES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vmml I Voy ETA Loading for Spore Ml I Djibouti, Assab, NgMim I
      695 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      732 33 i BSA a. M MYANMA ißßttk FIVE STAR UNE •W (Myonmar National Lint) J loading for Yongon (Rangoon) Vlifa VOY SM KG KN PGU AV| 137W SLO PMU 234W 12/10 MALAYSIA Afierrv KHJSTUD SMPPMG AGENCIES KM m #1-03-*****00 MO; Ttl 02-03-37M101 rsl m 02-04-2****** PGO: TO 02-07-*****21/4 BANK LINE jBSi
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      Page 33 Advertisements Column 2
      989 33 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****32 HU Pll PCO VKSU/VOt VQT I SMI 1 ITM I AWT I UH HAM Mlt 11/04 M/ 99 #S/#9 HY.OUU 301W #7/1# 25/10 27/10 29/10 27/1# 27/1# 29/1# 09/09 11/#9 12/69 HY. (OMMOOOtf JO2W 14/1# #1/11 #3/11 #5/11 #3/11
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      Page 33 Advertisements Column 3
      429 33 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) Accepting Jp shipment to r/ A EUROPE/ 7} MEDITERRANEAN Wj\ SCANDINAVIAN Jr /T| 7 ports daily f g I I Poland France We make Sure Our Standards Never Change For more details please call for Ramlah/Angie/Molly
      429 words
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      Page 34 Advertisements Column 1
      1712 34 IfrTlighßaKito VESSEL VOY iIN JKT I VESSEL VOY SIN P€H ~|^H t-f QANTA BHUM 13S Son I 13/10~ B.MAS EMPAT »139 f M VESSEL VOY SIN WANABHUM 346S Sal 12/10 Tu. 15/10 OUWU BHUM 6711 Suo_ J3/10 Tu._ J|£L H MATHU BHUM- 299N Wed tn Pt Sat 12/10 DAWU BHUM
      1,712 words
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      Page 34 Advertisements Column 2
      1105 34 *UMC* V HWOAKMa/ ciuicTOSr^r VISSiI VOY SIN CTO IviSSiL VOY UN CCU CONSISTENCE 330 THU~ I 10/10 MOWI 14/10 lANPKOMfDA STAK 173 SAT I 12/10 WfP 116/10 PAFU 001 SAT 13/10 WfP "16/10 BnOC» BIVM 2SBCNB TUIS 15/10 SUN ao/io PAP MA |536 I FBI |18/10 |TUI |22/IOBTIOt« SPUING |261CN»|SAT
      1,105 words
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      Page 35 Advertisements Column 1
      513 35 'mm** Weekly LCL A FCL yfinß(;al Service* to Caribbean h mmm* e Central America SL COMET SI ENDEAVOUR 01 IE 63'E i fort Country 06/10 Belize City 11/11 18/11 Bridgetown Barbados 14/11 21/11 Ce»*ogena Colombia 13/11 20/11 Cbilries Si. Lucio 13/11 20/11 Fort de Franco Martinique 14/11 21/11 rt Bahamoj
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      Page 35 Advertisements Column 2
      873 35 PACIFIC INTERNATIONAL LINES (PTE) LTD j '5? 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I Km CR NO **********06 I I 1 HTAQ29 I u/iol ffl/16 ffio ffilO i iiil. i" lifc ill rcfTTT: —I <m I Shoo jep m my A iir.o ,CT, 74/10 uf\y m m
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      Page 35 Advertisements Column 3
      909 35 CR NO: **********02 ywsws ~~VOY DAMgTTA LE HAVRE HAMBURG THAMESPORT ROTTERDAM ANTWERP urn c ng i mm LI7W 15/10 »10 04/11 06/11 07/11 08/11 10/11 CALIFORNIA ORION UI7W 22/10 02/11 11/11 12/11 14/11 17/11 VHXE D'AOtNLA AI7W 29/10 08/11 Wll 19/11 21/11 22/11 mi i F nP CJWNA CI7W 16/11
      909 words
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      Page 37 Advertisements Column 1
      43 37 1 //"VISA FREIGHT SERVICES PTE LTD KstaHishcil Since* l l >B4 Till: TOTAL TRANSPORTATION PEOPLE KI Cilll AK I.ROUPU.E LCI. CONSOLIDATION' IMPORT 8 EXPORT SERVICES OCEANIA PORTS AUCKLAND SYDNEY BRISBANE MELBOURNE FREMANTLE VISA I KIK.HT SIKVICIS ITI I Tl> CONSOL PTE I.TO ll
      43 words
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      Page 38 Advertisements Column 1
      2025 38 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO **********0KC5T RIG NO W-*****9W1 K* ft TEL: *****77 TELEX KAWAKIRS23I6S FAX *****16^7/8/9 W MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD I I Hj TEL SA *****00 PK *****75 PEN *****20 JB *****01 PGU *****25/6 I JL WOONESIA: P.T. '9C* LINE (INDONESIA),
      2,025 words
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      Page 38 Advertisements Column 2
      1269 38 Iv/I YANG MING LJNE =H:M;kl TWICE WEEKLY EVERY THURSDAY/SUNDAY I'IJ.UM ARRIVAL FIXED DAY-MONDAY VfSMI VOT I SIN I RTM HAM FXT LEM MM VESffi. VOT L£M FXT NAM AIM JM MALACCA BRIDGE A640W1 1010 I 0211 31/10 3OTO 04.11 MING GALAXY A634{ SLD SLD SLO SCO 14/10 MWGNOKTM JMWVI 1110
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      Page 39 Advertisements Column 1
      647 39 SIN MAA SIN I -■TIGER BAY 475N 11-12/10 16-2(V10 25-2*lo I •IfIIGER WAVE 476N 14-15/10 20-23/10 28-29/10 ("TIGER ISLAND 477N 18-19/10 23-27/10 01-02/11 1 '■•TIGER BRIDGE 478N 21-22/10 27-30/10 04-o*ll 2 TIGER BAY 479N 25-2*lo 30-o*ll 08-o*ll I I TIGER WAVE 480N 28-2*lo 03-06/11 11-12/11 3 tANDRO STAR 173 13-14/10
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      Page 39 Advertisements Column 2
      915 39 Sea Land DIRECT SERVICE TO LONG BEACH SL ENDEAVOUR V.631E ETA SIN HO SIN I 15 0f1'96 IS OCT '96 fyKaj my rum Irm n I rm—mr ottTtF I vot I m si* oo ore 1 KK v« KM IS nor [aa MI srr-ii7ii i37io- stanami M~ li7iT WfT "B7T
      915 words
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      Page 39 Advertisements Column 3
      1465 39 Nedlloyd WEEKLY SAILINGS Nedlloyd Unes to AUSTRALIA CM **********0 M 'I maaeoae PHONE (GENERAL) *****69 RATE ENQUIRIES 321Q24& 260 CFS (PHONE) *****10 CFS (FAX) *****23 1 TO EUROPE EVERY TWORS/FW/SAT Sin Phf Sou Leh Rtm AW Ham Br* NLL OCEANIA /5406 10/10 11/10 03/10 29/10 30/10 27/10 BUNGA PELANGI /1406
      1,465 words
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      Page 40 Advertisements Column 1
      768 40 SAMUDERA INDONESIA (S) PTE LTD I •2 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE 0106 I TEL: *****81-3 FAX: *****36 (3 HUNTING LINES) TLX: R*****0 CR NO. **********0 D BOOKINGS CALL DIRECT LINE: *****41/*****43 JESSICA/CELIA JJJ223B 8 SLGS/WEEK 3 SLGS/WEEK I vessel Tvoy —[SIN Ijak i vessel |voy \sm |SUR
      768 words
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      Page 40 Advertisements Column 2
      616 40 TO E. CANADA US ATLANTIC US GULF i AAnikir, VOY SPORE PXELANG* HALIFAX NYORK NORFOLK N.ORLEANS SAVANNAH TAMPtCO HOUSTON MO6 IN PT 19 NOV 22 NOV 25 NOV 02 06C 26 NOV 06 DEC 10 DCC mofgh CLIPPER 0236 23/24 OCT 17 OCT 13 DEC 16 DEC 17 DEC 24
      616 words
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      Page 40 Advertisements Column 3
      602 40 Singapore Soviet Shipping Co. Pte. Ltd. CR NO: **********0N BOMBAY/COCHIN VESSEL VOY SIN BOM TRADE FAST TFSI99 17/10 28/10 KOTACAHAYA CAHI67 21/10 29/10 MEKHANIK KURAKO MK24N 21/10 29/10 ORIENT CORD 013 30/10 07/11 REBULAR ILYICHEVSK SERVICE VESSEL VOY I S PORE I ILYCHEVSX EVER GATHER 0128-06SW 09/10 08/11 < EVER
      602 words
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      Page 41 Advertisements Column 1
      1160 41 L I VESSEL VOY HTM ANT UW HAM I HY COMMODORE 302W 13 OCT 01 NOV 03 NQV 05 NOV 03 NOV 05 NOV i IHY FEDERAL 301W 29 OCT 15 NOV 17 NQV 14 NOV 17 NOV 20 NOV 1 HY ADMIRAL 303W 05 NOV NOV 24 NOV 21
      1,160 words
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      Page 41 Advertisements Column 2
      1583 41 vissa I SPORI I fJUAMG P94AHQ- JH) I HAW SOU I iflt ORH I RIM 1 PMT IYBM ftt STQK IHKC RKAM 1 Bfi MKT MT MW WMI {TP I. POANGI 140* 11.10 10.10* 01.10 21.10 01.11 0111 i/.io MS.TY* 230* 07.10* 0110 14.10 15.10 10.10 17.10 NO. HONSHU 340*
      1,583 words
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      Page 41 Advertisements Column 3
      685 41 AP M SAIGON SHIPPING THRICE WEEKLY DIRECT TO HO CHI MINH CITY \EXFORT TO NO CNI MINN CITY IMPORT FROM HO CNI MINN CITY ynai 1 VOT I far W HQK VPSE VOT ETDHCRC tTASPOM MACON KAURANTAN UN I*4/1 CI (05/101 o*/l* OW H/W DtAGON KALIMANTAN KK *0/1* **/l* OW
      685 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      633 42 SINO EXPRESS SHIPPING (PTE) LTD. 11 COLLYER QUAY *06-01 THE ARCADE SINGAPORE *****7. W m TEL: *****90 (4 LINES) FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) Ako accepting container cargo to: VESSEI/VOY ETA SIN ETAHKG ETA SHA W/T HKG: Beijiao, Wwan GOOD LUCK 9605/9606 18/10 23/10 27/10 Huadugang,
      633 words
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      Page 42 Advertisements Column 2
      443 42 >AM MM CONTAINER LINES. INC I Agents: MAC-NELS SPORE: *****22 (24 UNES) kuchwg: <082)*****3 I J cm MOt **********0 C SI8U: (094) *****9 MANB-A: (932) *****61 PENANG: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELAWQ. (03) *****77 JKT (21)*****07 MOW: (91) *****3 BANDUNG: (22) <*****6 HKG ETA ASHDOD/PHAEUS
      443 words
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      Page 42 Advertisements Column 3
      298 42 I S pan P.Ketang Loading For AMANPULO 15/10 22/10 RdnVAtw/UK/Nar Loads E7W Malaysia. Indonesia I I Loading for 1 PAN CRYSTAL Dubai/BahrairVDammarVKuwait CAPT YANNIS L Dubai/A.DhaU/Dona/Bahrain/Darnman/Kuwait MAKAR Hodmdah/Jeddah/Aqaba/ Pt. Said 1 HAUM METE Hodexlah/ Jeddafv/Aqaba i 'Loads Singapore, EVW Malaysia. Indonesia j I Loading for 1 OCEAN ISLAND Los Angeles/New
      298 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      132 43 —FT?) M 1 LEGEND R Thood.rs.om, Temperature c X\ ~m h Weother Wind direction with speed m knots Rom Cloudy Sky Wove height Sw'oct winds of* indicated by arrows wbidi fly with the wind One tu* circle represents calm or light and variable winds I One holt Heche represents 5
      132 words
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