The Business Times, 24 October 1996

Microfilm: NL20728
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA (P) 046/12/95 SINGAPORE Internet http://www.asial.com.sg/biztimes THURSDAY, OCTOBER 24,1996
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  • Article
    MARKET SUMMARY
    61 1 BSMMB (+7.61) IMB 978J1 6.35) mm btoomp ■JflflLH(+s.22) mm wrwßt U M 4.71 (+1164) g-™-" WW MOOT MB— Wednesday Change KLSS COMP 1,178* *t31 MOB IUBJ» 4UU HANG SOW Itmi? *4131 SSACOMP -J**! ua MANILA COUP —*MUi «H TAffH WP! M»* ♦1* 7 SBOULOOMP 8IL* -7J4 CISA CHINA
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  • Article
    FINANCE
    59 1 U8S 81 UH L41» t IJW U»l DM UH M87 YEN Ml M87 UM m UM IN •US in* UM BAHT MM MM WPIAM IN O.MS MCI run BATES 144 KUALA LUMPUR iH JAKARTA 18-* BANGKOK 11» MANILA UM HONGKONG JJi feTAIPH Ml I mm u.n TOtW IM fflDUL
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  • Article, Illustration
    Global broking houses more upbeat about S'pore stocks
    657 1  -  Republic seen to be mnch cheaper than other markets From Neil Behrmann mLondon GLOBAL investment banks and securities houses are at last becoming more optimistic about the Singapore stock market following its disappointing performance so far this year. ÜBS Securities, which advised
    657 words
  • Article
    Rerating boosts Sesdaq stocks
    304 1  -  Index jumps 5.4% to highest level in four months By) R Sivanithy [SINGAPORE] A strong rerating of Sesdaq, based on growing sentiment that the electronics sector is poised for an upturn, yesterday led the market to its best showing in several weeks. The UOB Sesdaq Index,
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  • Article
    Q4 will be fairly weak: Yeo
    216 1  -  By* Audrey Tan [SINGAPORE] Growth in the fourth quarter will be fairly weak, Trade and Industry Minister Yeo Cheow Tong said yesterday. "To what extent, we will only know in the next two weeks or so," the minister told reporters. Declining to give any
    216 words
  • Article, Illustration
    APP to build 15b yuan paper mill in China
    283 1  -  By\ Lu Ning [SINGAPORE] Singaporebased Asia Pulp and Paper Co (APP) has received official approval from China's State Council to set up a 15.1 billion yuan (552.6 billion) paper mill in Zhenjiang in Jiangsu province. The project, said to be Asia's
    283 words
  • Article
    Kian Ann to launch IPO before month-end
    339 1  -  Mm spurred by success of latest offerings By i Clarissa Tan [SINGAPORE] Spurred by the success of recent initial public offers, Kian Ann Engineering announced yesterday that it will launch its IPO before the end of the month. Kian Ann's general manager Chew
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      125 1 Yx&ER I M I i I I f I ml tmattagtaVtaaai Singapore Is poised to become the top foreign investor in Vietnam when two major projects get the greenHght, Pf 3 -J* lfcMftfltaiqitvfeatfM, this |fe Any buying likely to be highly selective as the Singapore economy ia stowing down lfcater
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      Page 1 Advertisements Column 2
      17 1 Electronic* sector recovery in sight, Pg 2 ASA stock soars, Pg 17 Sonrlght profits rise 53%,Pg 17
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      Page 1 Advertisements Column 3
      90 1 I ARTHUR LEE Sitting pretty. This distinctive sofa from Melandas Casa Mobili may not have won outright but it made it to the finals of the Singapore Design Awards this year. To bolster industrial design in Singapore, the Trade Development Board is setting up a task force to look into
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Up to 80% subsidy under new training scheme
      335 2 A NEW training scheme was unveiled yesterday which aims to cover workers at all levels, including management, and which offers subsidies of up to 80 per cent. The scheme, called the Total Company Training Plan (TCTP), replaces the Worker Training Plan (WTP)
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    • Article
      Electronics sector recovery in sight; but how soon?
      517 2  -  One analyst puts it at 1Q next year, another at June/July By, Annette Pau THERE is light at the end of the tunnel for the electronics sector but analysts are divided over just how long that tunnel is going to be. Schroders
      517 words
    • Article, Illustration
      Lock icon Sep inflation up slightly to 1.5%
      385 2  -  EYE OH THE ECONOMY Inflation By Anna Teo INFLATION picked up to 1.5 per cent last month, bringing the average for the third quarter to 1.4 per cent, and 1.3 per cent for the year to September. Since falling off to 1.1 per cent
      Source: Dept of Statistics; ALLAN  -  385 words
    • Article
      Nearly twice as many buyers expected at Asia Travel Market
      292 2 ASIA Travel Market, which runs from today to Saturday, has attracted 203 registered buyers this year, compared with 110 last year. On top of this, about 1,000 walk-in buyers are expected to visit the trade show, which will not be
      292 words
    • Article
      S'pore emerges as 2nd largest foreign investor in Vietnam
      382 3  -  It will overtake Taiwan when two projects worth USs2b are approved By Harish Mehta SINGAPORE has recently shot past several Asian countries to become the secondlargest foreign investor in Vietnam, and is well-posi-tioned to become the top investor when two major
      382 words
    • Article
      Take a seat while you wait for your turn at the bank
      417 3  -  POSB&nkisthe latest to adopt electronic queue management system By I Soh Tiang Keng SIT down and wait for your turn. Sitting queues, virtually non-existent a few years ago, are now a familiar sight at banks in Singapore. Among
      417 words
    • NEWS Roundup
      • Article
        Verbatim Parliament reports on the Net
        59 3 FROM tomorrow, those plugged into the Internet will be able to read verbatim Parliament reports, at the Asian Connection Website managed by the Singapore Network Services. Parliament transcripts can be viewed at website http://www.asianconnect.com/gov, under the Legal Research Module of Lawnet. This is the
        59 words
      • Article
        Management institute talk
        49 3 The Singapore Institute of Management's Marketing Executives Group will celebrate its 15th anniversary with a dinner and talk tomorrow. Citibank country human resource director Robert Chew will speak on "The Marketing Manager in the next millennium". The event will be held at the Orchid Country Club.
        49 words
    • Article
      Firm bids in latest govt industrial land sale
      402 3  -  More bids for smaller Übi plots than larger Bukit Batok plot Ity] Diana Oon THE latest government industrial land sale attracted firm bids yesterday, with price levels reflecting developers* continued optimism in the industrial property market, observers said. As expected, there were
      402 words
    • Article, Illustration
      TDB forms industrial design task force
      302 3 THE Singapore Trade Development Board (TDB) has set up a multi-agency task force to form a national industrial design blueprint, Minister of State for Trade Industry and Communications Goh Chee Wee announced yesterday. The taskforce consists of eight members, four of which are government
      302 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      707 2 'V(|p r BALANCE SHEET PROFIT LOSS ACCOUNT (OOP'somitted (OOP's omitted As On As On Year Ended Year Ended 31.03.96 31.03.95 31.03.96 31.03.95 T. CAPTIAI? AND LIABILITIES 1. In 2890,29.tt 2338,85,79 (I Captial 582,46.58 1952,38,00 Other income 420.90.51 310.84.77 Reserves Surplus 678,04,51 474,07,15 TOTAL 3311,19,51 2649,70,56 Deposits *****,97,11 *****,23,82 11. EXPENDITURE
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      Page 2 Advertisements Column 2
      129 2 Electronios stocks recover, Pg 17 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for E
      129 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      31 3 For Home or Office deliveries of: The Straits Times, The Sunday Times, The Business Times, LianHe Zaoßao, Berita Harlan, Berita Minggu, Shin Min Daily News, LianHe Wanßao call our Hotline 1800-749-2577.
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      Page 3 Advertisements Column 2
      115 3 For more information on watch ref 5035, selected retailers and other watches in the range, please contact Geneva Master Time Pte Ltd., Dept B 2 SGPI.39a Jatan Pemimpin, No 05-00 TAL Building, Singapore *****3 Tel: (65) *****88 H J Begin yaur own tradition. Wtatewr innovations Patek Philippe introduce, every watch
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  • FOCUS: PROPERTY
    • Article, Illustration
      Whither high-end HDB flats?
      665 4  -  Valuations for 5-room and exec flats are still going up but prices are feeling the pressure from the new exec condo market By'- Michelle Low [SINGAPORE] IT LOOKS like the top-end segment of the Housing and Development Board (HDB) market is feeling the squeeze. Valuations are
      665 words
    • Article
      House Hunt
      883 4 HDB transactions from Sep 23 to Oct 18, 1996 TYPE/ POSTAL CONTRACT BJLTtN PWCEUHT PSf LOCATION OfSTWCT OATt (SOFT) (SStXX)) (SSI 2-Room (Standard) Jalan Batu 1543 14/KY96 473 118 249.47 3-Room (Improved) Aljunied Cres 1438 26/09/96 753 204 270.65 Bedok Rd 1646 23/09/96 645 182 282.17 Boon Lay
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    • Article
      Borderless shopping taking root in Asia
      382 4 Singaporeans spent USsl.9b shopping in lTsia l^t%gar [SINGAPORE] Asia is becoming one big shopping centre, and retailers have to fully understand that idea to succeed in a fiercely competitive environment, Edmund Tie Co and Hongkong-based C Y Leung told a seminar yesterday. As just
      382 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      348 4 FOR SALE BY TENDER Freehold Enbloc Residential Development Site Location Martia Road, off East I J I Coast Road EAST COAST ROAD Land Area 5,136.4 sqm r 7 T~^T~ (Approx. > t~ 55,288 sq. ft.) g z Legal Description Lot 441-9 Mukim 26 3 2 Tenure Freehold Ptot Ratio Up
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      Page 4 Advertisements Column 2
      11 4 JDecor riiiWj|l# j!|i fl i ii" For people Jl their homes
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      Page 4 Advertisements Column 3
      106 4 SHENTON HOUSE 440 sq ft to 2,600 sq ft Prime CBD Location-An Excellent Outlook Units to be offerred as one than Individually Suit owner occupier/Investor A must to inspect Amara Hotel, Ballroom 2, Level 3 24 Oct 1996, Thursday, 2.30 pm Please contact JLW Commercial Dept. Terri Lee or Stuart
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      Page 4 Advertisements Column 4
      28 4 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon Jiang to visit Manila next month
        35 5 AFP [MANILA] Chinese President Jiang Zemin will make a state visit to the Philippines following the Asia-Pacific Economic Cooperation (Apec) summit on Nov 25, President Fidel Ramos said yesterday.—AFP
        AFP  -  35 words
      • Article
        Lock icon M'sian firm to build Viet tourist resort
        64 5 AFP IHANOU Malaysia's Goh Hoch Guan Group has received a licence to build a US$6B million (5595.8 million) tourist resort in the northern Vietnamese province of Quang Ninh, an official said yesterday. The Malaysian firm will hold a 70 per cent share in
        AFP  -  64 words
      • Article
        Lock icon IMF threatens to end aid to Cambodia
        87 5 AFP [PHNOM PENH] The Cambodian cabinet is to meet in a special session today to avert a threatened cut-off in aid from the International Monetary Fund (IMF), an official said yesterday. A newspaper said yesterday that the IMF is so dissatisfied with the
        AFP  -  87 words
      • Article
        Lock icon Indon TV stations ban hair cream ad
        70 5 Reuter [JAKARTA] Two Indonesian television stations have dropped an advertisement for a hair cream after the armed forces complained that it appeared to belittle military service, the Republika newspaper said yesterday. In the ad, a girl tells her boyfriend that it is a
        Reuter  -  70 words
    • Article
      Lock icon M'sian GDP growth seen slowing further to 8.3%
      292 5 KUALA LUMPUR Think-tank blames tight monetary, fiscal policy for slowdown AFP, Reuter MALAYSIA'S economic growth is expected to slow further in 1997 after a sharp deceleration in the current year, the private, but governmentbacked, Malaysian Institute of Economic Research (Mier) said yesterday.
      AFP,; Reuter  -  292 words
    • Article, Illustration
      Astra should stay a public company: Indon official
      434 5  -  JAKARTA Govt takes nnnsnal step of commenting on rumoured takeover of the car company Ry\ S N Vasuki IN AN unusual development, the Indonesian government yesterday publicly commented on the rumoured takeover of PT Astra International, with State Secretary Moerdiono asserting that
      434 words
    • Article
      Lock icon New Indon rule for foreign hotel chains
      230 5 JAKARTA Reuter INDONESIA will issue a regulation requiring foreign hotel chains to set up local companies in a bid to stop profits flowing out of the country. The Jakarta Post yesterday quoted Andi Mappi Sammeng, director general of tourism, as saying: "Hotels managed
      Reuter  -  230 words
    • Article
      Lock icon No new law on Indon president
      119 5 JAKARTA AFP A SENIOR minister and a former vice-president have opposed any new regulations governing the office of president ahead of the 1998 presidential elections. State Secretary Murdiono and former vice-president Sudharmono said on Tuesday that Indonesia's Constitution was clear enough on the role
      AFP  -  119 words
    • Article
      Lock icon M'sian bank official nabbed for alleged cheating bid
      246 5 KUALA LUMPUR AFP A MALAYSIAN bank official has been arrested for allegedly attempting to cheat Bank Bumiputra Malaysia Bhd of US$6OO million (SsB4o million), police and news reports said yesterday. Police arrested the man on Tuesday, and have obtained a court order
      AFP  -  246 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      85 5 5-speed auto transmission with DSP. Independent 4-link front suspension. sth generation ABS with EBD. 5 valve per cylinder 150 BHP max torque output 210Nm at 1750-4600 rpm Twin airbags 3-spoke steering wheel. Original 16" 5-spoke sporty rims. B I The new Audi A 4 1.8 Turbo. The best fun you
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon Top HK job contestant promises openness
      563 6  -  HONGKONG Tnng Chee-hwa says Hairy Fok-led syndicate rescued his group with USsl2om in the mid-80s By< Quak Hiang Whai SHIPPING tycoon and Hongkong's chief executive hopeful Tung Chee-hwa yesterday revealed that a Chinese-linked syndicate led by close Hongkong associate Henry Fok injected US$l2O million
      AFP  -  563 words
    • Article
      Lock icon 1997 jitters still mar improving HK economy
      296 6 HONGKONG Solid recovery not seen until after handover; confidence key to more strength Reuter HONGKONG'S economy is gaining ground, but uncertainty associated with the return of the colony to Chinese rule next year continues to weigh on any improvements, economists said yesterday. "I
      Reuter  -  296 words
    • Article
      Lock icon No basis for NT$'s fall: central bank
      199 6 TAIPEI Reuter TAIWAN central bank vicegovernor Liang Cheng-chin said yesterday the forex market should not have "false expectations" that the Taiwan dollar would continue to depreciate in the near term. "Today's depreciation was the result of market expectations. I hope the market will
      Reuter  -  199 words
    • Article
      Lock icon China orders 71% of polluting factories to shut down
      284 6 BEIJING AFP CHINESE authorities have shut down 71 per cent of 70,024 small polluting factories targeted nationwide by a September State Council order, China's official media reported yesterday. A newspaper editorial also accused foreign-in-vested companies of having a main role in
      AFP  -  284 words
    • SINO Briefs
      • Article
        Lock icon Deng's health 'not as ideal as reported'
        84 6 AFP [HONGKONG] China's aging patriarch Deng Xiaoping is not as healthy as family members have routinely made out, the Tin Tin Daily News citing Chinese officials said yesterday. The health of Mr Deng, who turned 92 on Aug 22, was "not as ideal"
        AFP  -  84 words
      • Article
        Lock icon HK best place to shop and eat
        90 6 AFP [HONGKONG) Hongkong is the top destination in the Asia-Pacific region for shopping and eating, a survey of credit card customers said yesterday. One in every three of the 4,863 card holders surveyed by MasterCard in the Asia-Pacific region said Hongkong was their
        AFP  -  90 words
      • Article
        Lock icon Taiwan to replace US-made missiles
        65 6 AFP [TAIPEI] Taiwan yesterday announced it would scrap its US-made surface-to-air Nike missiles next week and replace them with locally built Sky Bow missiles in an effort to build up defences amid increasing threats from China. "As they (Nike) are reaching the end of their
        AFP  -  65 words
    • Article, Illustration
      Growth still strong
      641 7  -  CHXMA WATCH Inflation, at 6.6% for the first three quarters, is no longer the primary concern in Bering By Lu Ning THE LATEST statistics show that China's economy grew 9.6 per cent year-on-year in the first three quarters of the year—only slightly slower than the 9.8 per
      641 words
    • Article
      Lock icon Economy on track but foreign help still vital: Zhu Rongji
      241 7 BEIJING AFP CHINESE economic czar Zhu Rongji on Tuesday issued an upbeat assessment of the economy, stressing the need for continued foreign co-opera-tion, the official Xinhua news agency reported. In a meeting with overseas financial and information industry entrepreneurs here,
      AFP  -  241 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      237 6 SINGAPORE TOKYO 111 EK. MONDAY WEDNES AY THURSDAY V New Service from October 27 SUNDAY We're happy to announce that come October 27, you'll MHM have an extra choice of flights to Tokyo with our new $UDCr SCclt Monday service. You'll also enjoy extra comfort on our .jlL^ new First
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      Page 6 Advertisements Column 2
      105 6 PEARL RIVER PALACE (AVTam^MUirT For only $19.80 come and enjoy our extensive spread of over For reservations, 30 dishes from Szechuan Hot Sour Soup, Deep Fried Soon Hock L V < Fish and Steamed Bean-Curd with Scallops to Deep Fried Chicken with i2pm-2.30p0>; Prawn Sauce and Steamed Prawns with Garlic
      105 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      268 7 Congratulations to Dragon 8. Qno of the new Gold Modal Boors in the Monde Selection 1998 Beer Category. SINGAPORE BOLIVIA MADEIRA dtltijM f Tiger Beer Centenario Cerveza llsner La er Beer Coral Export Beer !u Beer Xing An Ling Beer 1 f Cristal Pilsener Beer ~AH "$5l "^SlLager Taihushui Brand
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      Page 7 Advertisements Column 2
      52 7 4,^ I '!i t? V" 4 rf *,K -.t J t V '■'£■!'> 'V' <-, y 4 s A 3? ->* V-jf- I >- s '.'*r r /v v >+j- r? 1|& k'^ j* J? X v v y £■< '-v<- J: ike porogon takashimoya depf. store raffles hotel arcode
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      56 8 A Long-Term Commitment from The Sime Darby Group IK*' «4M9 r rMBC (/Diiiiiictci;il I).ii)k11k), 111<?i(;11<1111 b.inkiiHj, ,l< )(;kbi( )kin< j, cot im iiikm lit I. ii i<;<;, ollshoK. 1 b.mkiiKj, iiim ii .11 u ;<;, I(.mmik) Now a part of Southeast Asia s leading multinational conglomerate I Sime\ 1 Darby
      56 words
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  • ASIA
    • ASIA Notes
      • Article
        Lock icon Nippon Broadcasting to lift on TSE
        45 9 Reuter [TOKYO] Nippon Broadcasting System Inc, a Japanese radio broadcaster, yesterday said it pians to list its shares on the second section of the Tokyo Stock Exchange. A company spokesman declined to disclose the timetable for the listing procedure.—Reuter
        Reuter  -  45 words
      • Article
        Lock icon Aussie govt helps textiles industry
        36 9 Reuter [CANBERRA] The Australian government yesterday said it would provide Af22 million (5524.64 million) over the next four years to help the textiles, clothing and footwear industry improve quality and training!—Reuter
        Reuter  -  36 words
      • Article, Illustration
        Lock icon Residents block dismantling of houses
        58 9 Reuter [PUSAN] A makeshift steel structure Is enveloped with flames during a clash between protesting residents and utility workers yesterday at a town in the south-eastern city of Pusan. The residents set up a makeshift structure in front of the town to block the dismantling
        Reuter  -  58 words
      • Article
        Lock icon Prosecutors grill key Daewoo exec
        75 9 AFP (SEOCtIJ Prosecutors yesterday questioned an executive of the giant South Korean business group, Daewoo, who is a key figure in a bribery scandal involving a sacked defence minister, a spokesman said. The Prosecutor General's Office summoned Chung Ho Shin, vice-president of Daewoo Heavy Industries
        AFP  -  75 words
    • Article, Illustration
      Lock icon Australia posts lowest inflation rate in two years
      475 9 SYDNEY CPI rose only 0.3% in September quarter; economists say the best is yet to come Reuter AUSTRALIA yesterday posted its lowest inflation figures for two years and economists said the best was yet to come. The consumer price index (CPI) rose
      Reuter; Source: Bloomberg  -  475 words
    • Article, Illustration
      Lock icon NZ's Maori leader holds coalition talks
      288 9 WELLINGTON Reuter NEW Zealand powerbroker Winston Peters held coalition talks with both leading political parties yesterday in a bid to break the deadlock from an inconclusive general election. Mr Peters, Maori leader of the nationalist New Zealand First party, held a first meeting with
      Reuter; FILE PHOTO  -  288 words
    • Article
      Lock icon Japan's recovery may not speed up soon: BOJ chief
      281 9 TOKYO Reuter THE recovery in Japan's economy is not likely to accelerate soon, given small and medi-um-sized firms' cautiousness about their production and employment, Bank of Japan governor Yasuo Matsushita said yesterday. He was speaking to newsmen after a two-day conference
      Reuter  -  281 words
    • Article
      Lock icon Strike disrupts mail, phone services
      200 9 NEWDELHI One million in India on indefinite strike over yearly bonus Reuter MAIL and telephone services across India were disrupted yesterday as around one million postal and telecoms workers began an indefinite strike on the eve of a national labour conference. The National Federation of
      Reuter  -  200 words
    • Article
      Lock icon Ozawa's Shinshinto shows signs of splitting up
      377 9 TOKYO finding \t difficult to put together a coalition Reuter PRIME Minister Ryutaro Hashimoto may be having a hard time finding coalition partners, but things looked worse yesterday for Japan's main opposition party, which showed signs of breaking up. Sources in Shinshinto (New
      Reuter  -  377 words
  • Page 9 Advertisements
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      28 9 llt v\\ I I K\| I > I < t >\i >\IN i I \ss i 11 > i i »>\inn t i \sm i K I he llcart of Asia.
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      Page 9 Advertisements Column 2
      62 9 ML m.' m jpjmm jpr BHD Temperature Hot/Cotd Counter Top 1 K in Hot/Cold Water Dispenser R134 Ozon* Fntndly CocnpraMor |l Hot/CoM with refrigerator [fnMMMioi Water sssrcv,.. of imwndond Bound \NMrAnoottati WANIN INDUSTRIES PTE LTD 167-A Thomson Road, Goldhill Centre, S'pore *****9 Tel *****88 Telex RS ***** Fax *****08 Jobor
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      Page 9 Advertisements Column 3
      17 9 \sl i > 111 ru ii i« Jr I >>n• > in i I i i u ii. s
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  • THE WORLD
    • Article, Illustration
      Lock icon Yeltsin urged to hand power over to PM, or face revolt
      450 10 LONDON Former confidant warns of popular revolt AFP [LONDON] Alexander Korzhakov, former close confidant to President Boris Yeltsin, yesterday urged the ailing Russian leader to hand over power to his Prime Minister or face a popular revolt. In an
      AFP  -  450 words
    • Article
      Lock icon One-third of Russians in need of aid: Red Cross
      148 10 MOSCOW Reuter UP TO 40 million Russians nearly a third of the population require humanitarian help because of poverty as their vast country shifts from communism to a market economy, a Red Cross official said yesterday. "There are 30 to 40
      Reuter  -  148 words
    • Article
      Lock icon Russia cool to Clinton's call for Nato expansion
      305 10 Moscow Reuter RUSSIA'S foreign minister responded cooly yesterday to US President Bill Clinton's commitment to try to bring some former communist states Into Nato by 1999, but said he would await further developments. "I do not want to make a specific comment.
      Reuter  -  305 words
    • Article
      Lock icon New economies a threat to US
      395 11 WASHINGTON Though US' competitiveness has risen it is vulnerable to challenges: report Reuter THE United States has sharply boosted its competitiveness over the past decade but it remains vulnerable to challenges from abroad, especially from several emerging market economies, because of long-term economic weaknesses,
      Reuter  -  395 words
    • Article, Illustration
      Lock icon Reject violence, Chirac urges Palestinians
      241 11 RAMALLAH, West Bank Reuter FRENCH President Jacques Chirac became the first foreign head of state yesterday to address the Palestinian legislature and called on Palestinians to reject violence as a means of winning statehood. "In rejecting violence as a way of expressing your claims, you
      Reuter; REUTER  -  241 words
    • WORLD Watch
      • Article
        Lock icon Plane explosion in Ecuador kills 24
        56 11 AFP [MANTA, Ecuador] A US cargo plane exploded in mid-air shortly after takeoff here, raining down flaming wreckage and killing at least 24 people. Health Minister Marcelo Cruz yesterday said the explosion late on Tuesday caused at least 24 deaths, including the three crew
        AFP  -  56 words
      • Article
        Lock icon Taleban vow to defend Kabul
        76 11 AFP [KABUL] Kabul's new Taleban rulers yesterday vowed to defend Kabul and other areas of war-torn Afghanistan under their control until the "last drop of blood". The dramatic pledge by acting Minister of Information and Culture Amir Khan Muttaqi came as advancing troops loyal to
        AFP  -  76 words
      • Article
        Lock icon UK to pursue firm financial policies
        66 11 Reuter [LONDON] The British government yesterday reaffirmed its commitment to pursue firm financial policies designed to support sustained economic growth and rising prosperity, while maintaining low inflation. Its legislative programme for the final session of the current five-year parliament, read to both houses by
        Reuter  -  66 words
    • Article
      Lock icon US$ tops 113 yen, Dow falls in early trade
      190 11 NEW YORK Reuter Bloomberg Business News THE US dollar surpassed the 113 yen level for the first time since January 1994 in late morning US trading yesterday. Dealers cited a surging mark/yen cross rate and a news wire report that an
      Reuter; Bloomberg Business News  -  190 words
    • Article
      Lock icon Top Fed official finds economy in the pink
      419 11 NEW YORK But still Americans have a feeling of insecurity, he says Bloomberg Business News A TOP Federal Reserve official delivered a rosy picture of the US economy as he accepted an award from a neighbourhood housing group. Although statistics point to
      Bloomberg Business News  -  419 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      1697 10 BUSINESS Notices TO ADVKRTISK CAM. T01.1.-FRKK 1800-741 ISX.U The Norinchukin Bank (Incorporated in Japan) Balance Sheets Statements of Income As of 31 st March, 1996 and 1995 Years ended 31 st March, 1996 and 1995 Millions of Yen Millions of Yen 1996 1995 1996 1995 ASSETS INCOME Cash and Due
      1,697 words
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      Page 10 Advertisements Column 2
      249 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERACTIVE DATA SOLUTION PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of INTERACTIVE DATA SOLUTION PTE LTD duly convened and held at 194 Pandan Loop #07-26 Pan tech Industrial Complex Singapore
      249 words
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      Page 11 Advertisements Column 1
      331 11 Utter refinement of proportion and finish gives the Breguet style timeless appeal Tbe delicate band-workedguiUocbi engraving on tbe silvered gold dial was introduced by Breguet around 1786 and requires a level of 11 artistry rarer now tbanem a wristwatcb a perpetual mean time and true perpetual calendar Invented for you
      331 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Investors must beware when baying abroad
      718 12  -  THE BOTTOM LOVE OPINION By Rudi Dornbusch The writer is Professor of Economics and Management at the Massachusetts Institute of Technology. This article first appeared in Business Week CROSS-BORDER investment in stocks and bonds has been the rage for most of the '90s. One
      718 words
    • Article
      IN OTHER WORDS
      113 12 That's something that we can't emphasise enough: transparency, transparency, transparency.' Arthur Levitt chairman of the United States Securities and Exchange Commission, who is visiting China, telling his hosts of the need for frank disclosure of company data. 'What is wrong in the show? You will get to
      113 words
    • Article
      Racist politics in US election
      641 12 EDITORIAL IF Americans wish to revise their complex election funding laws to exclude foreign sources, that is entirely their own business. But they must be clear as to the definition of "foreign" and not display discrimination in the application of such rules. This call is
      641 words
    • Article, Illustration
      Lock icon Banking on averting financial disasters
      909 12  -  Experts debate the nature of a banking standard to help prevent financial crises from crippling emerging markets By\ Robert Chote Financial Times IN THE wake of the financial crisis which engulfed Mexico in 1994 1995, several steps have been taken to prevent a repetition. New
      Financial Times  -  909 words
    • Article
      WHAT THE OTHERS SAY
      864 12 ■Italian flMjstlMrm to THOUGH direct foreign investment remains prohibited in the domestic retail business, local retailers still feel they are being threatened by the entry, through technical assistance and franchising agreements, of an increasing number of general merchandise and food outlets owned by international chains. Last
      864 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      38 12 DOOHESBURY By Garry Trudeau f oFcouKseHetNor-POL£S mmmmr—SV HAPPBNIN6UITH Sfify APESPONSIOLBAPULT! YCUP ■■■■■■■■■I f MY6OP.T THB CAMPAIGN NZVEX CATCH HIM HANPIN6 J HO(U J ASSFBA SINCB I'VBB&SN OUT TAX Ct/TUJUJPOPSTD =~IJ MUCH?J PLAN TO AMY?ARB yOU j th£ COUNTRY
      38 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      616 13 OFFICIAL OPENING OF NEW on 6 continents DISTRIBUTION CENTRE AT HARBOUR LINK WAREHOUSE I H Mmm Today marks another milestone for Panalpina We, at Panalpina World Transport (S) Pte Ltd, are Mifldl BH Singapore with the Opening of our New state-of- grateful and proud to celebrate the official opening SlnaSDOr«
      616 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      True to hype, new Jag's exceptional
      1016 14  -  Whether in coupe or convertible form, the chic XKB is a rare breed that turns heads, says Christopher tam, CHRISTOPHER TAN Place: Burgundy, France Event: Press launch of Jaguar's XKB TRACY Chapman's Fast Car filled the studio-silent cabin of the silver Jag as it
      1,016 words
    • Article, Illustration
      Features of Jaguar XK8
      217 14 ♦About 80 per cent of XKB parts are new, while 10 per cent are carried over from the latest XJ-series sedan ♦The body panel count is reduced by 30 per cent over the XJS, for improved build quality through reduced complexity ♦Torsional rigidity is increased by
      217 words
    • BUMPER to BUMPER
      • Article
        Caltex Falken Rally flags off on Saturday
        70 14 THE Calttx Falken Rally of Singapore, organised by the Singapore Motor Sports Association, flags off this weekend at Kallang Carparks B,F and H. The event starts at 7 pmon Saturday and ends on Sunday at 3 pm. Participants will stay the night at
        70 words
      • Article, Illustration
        Safe in Saab 9000's driver's seat
        123 14 A SURVEY by America's Insurance Institute for Highway Safety found that the Saab 9000 had the safest driver's area among 153 cars from the 1990-1994 model years. The assessment was based on an analysis of the number of fatalities in the driver's seat. The
        123 words
      • Article
        Saab attempts to break 40 speed records
        56 14 ALMOST 10 years after "The Long Run" in the Talladega Superspeedway in Alabama, Saab last week began its eight-day assault on 40 speed records. Three Saab 900 Turbos, two 900 V6s, and one 900 2.0 i Coupe will attempt to break the records,
        56 words
      • Article
        Mini Land Rover coming in 1998
        62 14 THE Rover Group plans to produce a mini Land Rover which will go on sale in early 1998. It will compete with models such as the Suzuki Vitara, Toyota RAV4 and Honda CR-V. The new vehicle is expected to support more than 10,000 jobs
        62 words
      • Article
        STA Autocentre's incentive schemes
        92 14 SAE Autocentre has changed its name to STA Autocentre, presumably to reflect its identity as a unit of Singapore Technologies Automotive (STA). To mark the change, it has introduced an incentive scheme that will save Opel owners "a few thousand of (sic) dollars". The STA Advantage,
        92 words
      • Article
        GM first to market electric car
        90 14  -  OonpiMbjr Christopher Tan GENERAL Motors next month becomes the first carmaker to sell a mass-produced electric car. The EVI goes on sale at 25 Saturn dealerships in southern California and Arizona. Officials are predicting that demand will outstrip supply for the sporty two-seater, developed
        90 words
    • Article, Illustration
      Lock icon Sabatini expected to call it a day
      713 16 PEOPLE The 26-year-old has 27 singes titles in her 13-year career NYT, AFP, Reuter [NEW YORK] Argentina's finest tennis export, Gabriela Sabatini, initially hailed as the rival most likely to challenge Steffi Graf for dominance of their sport, is expected to announce her
      NYT,; AFP,; Reuter; FILE PHOTOS; FILE PHOTO  -  713 words
    • Article
      Lock icon Starbucks shunned by New York suburb
      473 16 DIVERSIONS Allowing coffee chain to set np shop would spoil the town's character: residents NYT [KATONAH, New York] While other communities may gird themselves against the arrival of commercial behemoths like Home Depot or Price Club, here the enemy is relatively small, seemingly innocuous
      NYT  -  473 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      448 15 Where to wine, dine and entertain Our Resident Band "k STARSTRIKERS J A I by Popular belt the latest hits, ballads, I but goodies and I not forgetting your I special requests. So Lp(- I «om« down to the W HArryHoms I Lobby Lounge and 5.00 pm 8.00 pm have
      448 words
    • Advertisement
      Page 15 Advertisements Column 2
      196 15 11 'V-» •">?,'< •>.,<..»•« TS: i fc jg i# Singapore Business JL v -f Giving you the wnning edge LONGEST rff-Tea m jvw Now from 12 pm to 5 pm DAILY (Moa-Sunl. BY POPULAR DEMAND! on ourspremd qf Pastries. Nomym Kueh, and local favourites like IWee Siam, Laksa. Rojak, Mee
      196 words
    • Advertisement
      Page 15 Advertisements Column 3
      91 15 BiGGEST Dian Xin Restaurant u i At The Neptune >0^ on Shenton Way i Pian Xin/Lunch I (/g\ yg I 7TH FLOOR. OVERSEAS UNION HOUSE. COUYER QUAY. SINGAPORE *****1 TEL: 224 3922 I LEAN CUISINE LUNCH BUFFET t— Salads fruits rich in vitamins fibre Pasta, salmon, chicken popiah more Low
      91 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      765 15 TV&RADIO 11.00 Bay watch Nights Back EZiISIXSniZISBHHHHHIHIIiH^HHHHIHHHUI Up. 12.00 NN News.. LOO PM The Winners. 1L55 Silk Stalking Partners 12.15 PM Warna Warni MuL3O Money, Money, Money. (Ptl). zik/Dokumentari. 2.00 Asian 12.50 Vidz 12.45 B'isness L 45 Entertainment LOO CNBC. 2.30 TV Innovations. Weekly. L3O TV Innovations Pain 3.00 Goodsports.
      765 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      288 15 CRYPTIC CROSSWORD 1 Foreign paper overused in bar- —-■J —■■"""■■"■Br"" shop? 4 Gran tees off in drive apart (8) 9 I I 9 Tar transported elsewhere (6) 10 Set off for school within appointed time (8) jj 12 Sunday child in slide out of con--13 Reversible plane (S) HH__HL_ 14
      288 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      40 16 ..T < i i' 0* V V I -w- x r ,rmif a- r I +jllr I > w I Whatever on your Asian business network, 6n6 calfwill give you a Telstra Regional Director who is responsible for every single connection. I
      40 words
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  • COMPANIES & MARKETS
    • Article
      DBS Land in KL apartment deal
      359 17  -  It is paying Mss.Bm for 60% stake in company developing service apartments By. Agnes Wee [SINGAPORE] DBS Land is taking a 60 per cent stake for M 55.85 million (553.2 million) in Malaysian company Ipjora Holdings as part of its move to expand its
      359 words
    • Article, Illustration
      Lock icon ASA share price soars 38% alter re-rating of sector
      329 17  -  ELECTRONICS STOCKS RECOVER By. Annette Pau [SINGAPORE] The price of shares in Sesdaq-listed semiconductor equipment maker Advanced Systems Automation has shot up 38 per cent over the past two days on analysts' buy calls. Interest in the counter was fuelled after
      ALLAN  -  329 words
    • Article
      Sunright's profits up 53%
      225 17 [SINGAPORE] Semiconductor burn-in and test specialist Sunright Limited's net earnings soared 53 per cent to $10.1 trillion for the year ended July 31, exceeding profit forecast* by 1& research houses •{toOed in the October Estimate Directory. Net profits for the mainboard listed company rose significantly from
      225 words
    • Article
      BNI a good long-term buy despite weak balance sheet
      665 17  -  HOCK LOCK SIEW S N Vasuki STATE-OWNED Bank Negara Indonesia (BNI) will disclose the offer price for its initial public offering today. The buzz in the market is that BNI will price its shares at between 750 and 900 rupiah per
      665 words
    • Article
      Pacific Century in Guangzhou township deal
      281 17  -  Richard Li unit to buy 85% of firm with development rights By\ Shiv Taneja [SINGAPORE] Mainboardlisted Pacific Century Regional Developments Ltd (PRCD) has agreed to acquire a 85 per cent stake in a 400-acre township development in Guangzhou, China. PCRD said the future township,
      281 words
    • Article
      Patriarch goaded to turn against eldest son: defence
      647 17  -  THE JUMABHOY FAMILY FEUD Byy Catherine Ong [SINGAPORE) Yusuf and Mustafa Jumabhoy influenced their 98-year-old father to attack his other son and two grandsons, the defence in a multi-million dollar lawsuit over the family's estate alleged yesterday. In another half-day session which
      647 words
    • REGIONAL COMPANIES
      • Article
        Strong response to BNI IPO
        384 18  -  Price to be annonnced today; expected to be 750-900 rnpi&h From\ S N Vasuki in Jakarta BANK Negara Indonesia (BNI), the Indonesian stateowned bank, has attracted a strong response from local and foreign investors for its initial public offering, analysts said yesterday. They said the
        384 words
      • Article
        Nobel gets approval to list on Sesdaq
        140 18 [SINGAPORE] Interior design and furnishing contractor Nobel Group Holdings has received in-principle approval to list on Singapore's second board, Sesdaq. The group's three core businesses are residential furnishing, commercial contracts such as the furnishing of service apartments, and designer fUrniture. Turnover has risen
        140 words
      • Article, Illustration
        Lock icon Great River to buy controlling stake in Ray Summers
        439 18  -  By] Lee Han Shih [SINGAPORE] Mickey Mouse played matchmaker yesterday and helped to bring about the acquisition of a respected Singapore retailer by one of Indonesia's biggest apparel maker and distributor. At a short press conference at the Ritz Carlton Hotel,
        ARTHUR LEE  -  439 words
      • Article
        ABR Holdings set to take control of CFA
        243 18 [SINGAPORE] Local food group ABR Holdings is poised to take control of listed Consolidated Foods Australia (CFA). ABR, which is controlled by Indonesian businessman Johannes Kotjo, said yesterday that it had bought five million CFA shares from Greater Pacific Foods Pty Ltd
        243 words
      • COMPANY Briefs
        • Article
          Lock icon RHB offering M$9 a share for bank: report
          79 18 Reuter [KUALA LUMPUR] Malaysian broker Rashid Hussain Bhd (RHB) is said to be offering M|9 (555.06) a share to buy Maybank's stake in Kwong Yik Bank Bhd, an HLG Securities report said yesterday. At that price, the Kwong Yik equity interest would
          Reuter  -  79 words
        • Article
          Sembawang JV launches first tanker
          50 18 [SINGAPORE] Sembawang Wah Kwong Shipping and Exmar NV have launched their first Jointly-owned tanker, the $73.5 million Antwerpen Venture. Sembawang WK is a 50:50 venture between Sembawang Maritime and Hongkong's Wah Kwong Shipping Holdings, while v.rmtur NV is a unit of Brussels-listed Compagnie Maritime Beige.
          50 words
        • Article
          MobileOne to install tiny base stations
          33 18 [SINGAPORE] Cell phone operator Mobile One yesterday said it will be the first in the world to install Motorola's compact CDMA base stations, initially in MRT stations.
          33 words
        • Article
          Parkway forms Fujian medical venture
          34 18 [SINGAPORE] Parkway Holdings, through its Gleneagles Development subsidiary, has formed a joint venture with Dear Land to invest in a hospital/medical centre development in Quanzhou in China's Fitfian province.
          34 words
      • Article
        Uraco going into energy-saving bulbs
        247 18 [SINGAPORE] Electronics subcontractor Uraco Holdings is diversifying into energysaving light bulbs, its second deal In six months aimed at reducing its exposure to the competitive and volatile disk drive industry. Speaking to reporters at a press conference to announce the group's new venture, Uraco chairman
        247 words
      • Article
        Lock icon US halts imports of monitors from Acer Peripherals
        337 19 US investigators find deficiencies in quality control, testing programme Bloomberg Business News [KWEISHAN, Taiwan) US health officials have barred some imports of computer monitors made by Acer Peripherals Inc at its northern Taiwan plant here. The US Food and Drug Administration yesterday
        Bloomberg Business News  -  337 words
      • Article, Illustration
        Lock icon Shenzhen replaces Shanghai as top bourse in China
        355 19 Reuter [SHANGHAI] The Shenzhen Stock Exchange has confounded widespread uncertainty over whether it would survive the return of neighbouring Hongkong in 1997 to become China's top bourse, analysts said yesterday. Trading volume on the Shenzhen Stock Exchange is now regularly double that
        Reuter; FILE PHOTO  -  355 words
      • Article
        Lock icon HK Telecom to set lower interactive TV fees
        360 19 Subscribers to pay up to a half less than for cable TV rival Bloomberg Business News [HONGKONG! Hongkong Telecommunications Ltd will charge subscribers a basic fee for its interactive television service of up to a half less than its cable-television rival. Managing
        Bloomberg Business News  -  360 words
      • Article
        Lock icon Wharf's phone arm begins local service
        175 19 Bloomberg Business News (HONGKONG) New T&T Ltd, the telephone company owned by Wharf (Holdings) Ltd, has begun local service using leased lines from its leading competitor Hongkong Telecommunications Ltd. A recent agreement to locate networking equipment in Hongkong Telecom exchanges will allow the company
        Bloomberg Business News  -  175 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Three major US publishers post jump in Q3 profits
        248 20 Reuter [MIAMI] Three major newspaper publishers on Tuesday reported sharply higher earnings for the third quarter, boosted by growth in advertising revenue and moderating newsprint costs. Knight-Ridder Inc said earnings rose fivefold, helped by lower losses from the 15-month-old strike against
        Reuter  -  248 words
      • Article, Illustration
        Lock icon Netscape's Q3 revenue quadrupled to US$23m
        419 20 Earnings slightly higher than expected; company to focns on corporate intranet market NYT [NEW YORK] Declaring it has made significant inroads into the corporate software market, Netscape Communications Corp said on Tuesday that revenue quadrupled in the third quarter as it reported earnings that
        NYT; Source: Bloomberg  -  419 words
      • Article
        Lock icon Viacom to buy USA Network stake
        334 20 The proposed deal for USsl.4sb and Sci-Fi Channel share ends bitter litigation Bloomberg Business News [NEW YORK] Viacom Inc agreed in principle to buy the 50 per cent of USA Network it doesn't already own from MCA Inc for US$l.45 billion (Ss2 billion) and
        Bloomberg Business News  -  334 words
      • Article, Illustration
        Lock icon Chirpy Trump
        35 20 [NEW YORK] Donald Trump waving as he poses with Warner Bros character Tweety Bird at the grand reopening of the Warner Bros store on Fifth Avenue in New York City on Tuesday. REUTER
        REUTER  -  35 words
      • Article
        Lock icon Airbus pre-float sales to soar: Lehman
        182 20 Reuter [LONDON] Airbus Industrie, whose four European consortium members are working to merge their interests into one firm by 1999, should grow swiftly in coming years and hit capital markets as a US$lO billion (Ssl4 billion) firm, Lehman Brothers said in major research document.
        Reuter  -  182 words
      • Article
        Lock icon Surging sales help lift third-qtr earnings of 5 drug majors
        220 20 Bloomberg Business News [NEW YORK] Five of the world's biggest drug companies posted stronger thirdquarter earnings, driven by surging sales of their leading drugs and newer products. Bristol-Myers Squibb Co's earnings increased 9.3 per cent, American Home Products Corp's jumped
        Bloomberg Business News  -  220 words
      • Article
        Lock icon Soros Fund seeks meeting to add directors to USAir
        182 20 Bloomberg Business News [WASHINGTON] Funds managed by billionaire George Soros have asked USAir Group Inc to hold a special meeting to add two directors to the airline company's board. In a filing on Tuesday with the Securities and Exchange Commission, Soros
        Bloomberg Business News  -  182 words
    • FOCUS
      • Article, Illustration
        Lock icon DuPont giant wakes from slumber
        1227 21  -  The company expects revenues in the Asia-Pacific region, which now stand at US$4 billion, to leap by 20 per cent a year far ahead of other regions By Genevieve Cua [SINGAPORE] DUPONT's chief executive John Krol believes that if he were to sit back and
        CHRIS LOH  -  1,227 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Bubbling oil prices pose inflation risks: analysts
        303 22 Reuter [LONDON] Global debt markets have been quietly ignoring a forceful rise in oil prices since the beginning of the year, but analysts say a few fingers may get burnt if investors do not sit up and take notice soon. The risk of
        Reuter  -  303 words
      • Article, Illustration
        Lock icon Former top copper trader arrested over alleged forgery
        429 22 SUMITOMO SCAMDAL ffamftnfl-kfl- said to have forged letters on Merrill Lynch deals Reuter [NEW YORK] US involvement in the huge Sumitomo copper scandal is unlikely to disappear soon as a major Wall Street broker was named on Tuesday as the victim of
        Reuter; REUTER  -  429 words
      • Article
        Kowloon project: S'pore banks lend HK$750m
        514 22  -  WingTai-led consortium paying 130 basis points above interbank rate for HKssb package From Quak Hiang Whai in Hongkong SINGAPORE banks are committing at least HK$75O million (Ssl4o million) in loans to finance the first phase of Hongkong's massive new air-port-railway station development. Under a
        514 words
      • Article
        Allianz's $2b Asia-Pac goal
        419 22  -  German insurer aims for 10-fold rise in regional premium income by 2000 By\ Soh Tiang Keng [SINGAPORE] In a major expansion push, Germany's Allianz AG, the world's largest composite insurance company, aims to reap a 10-fold increase in annual premium income to $2 billion in the
        419 words
      • Article
        Lock icon UK regulator issues draft rules for new fund structure
        259 22 Reuter [LONDON] UK's Securities and Investments Board (SIB) has published its proposed regulations for the establishment of a new fund structure. Open Ended Investment Companies (OEICs) in 1997. The draft is the result of consultations since 1995 with industry professionals and
        Reuter  -  259 words
      • Article
        Lock icon Euroyen, JGBs consolidate
        220 22 SSMEXReport Reuter [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures took a breather for the first time yesterday after Japan's general election results sent them hurtling towards daily new contract highs. Dealers said both ends of the Japanese yield curve were sold off in afternoon trade
        Reuter  -  220 words
      • Article
        Lock icon CURRENCY REPORT
        176 22 Reuter, AFP London THE dollar had a schizophrenic session in Europe, losing one pfennig from Tuesday's close against a firmer mark but setting its highest level against the yen since January 1994 at 113.0 yen per dollar. "Although there are signs the US administration may be getting a
        Reuter,; AFP  -  176 words
      • Article
        Lock icon Asian refineries under pressure to cut output
        298 22 ENERGY REPORT Reuter [SINGAPORE] The scorching bull run in crude oil prices is leaving oil product prices in its wake and has placed pressure on Asian refineries to cut production once again. Refineries said they expect weak profit margins on refining the difference
        Reuter  -  298 words
      • Article, Illustration
        Untitled
        1409 22 MTBEBAW CRoSg MATB8 Oct 23 A$ C$ ft* CCU Ffr Pi HM MX Ywilw M$ H» h* N» S$ land Sir HT$ 8*t Hmt US$ AnstraNa 1.070 6.(71 0.633 4.104 1.214 6.151 28.318 *.493 0.897 (.579 1.992 1123 31*73 20.907 1126 UM 0.999 21.954 ***** 0.498 OJM Canada 0.934 6.186
        1,409 words
    • Article
      COMMODITY PRICES
      1766 23 BOOM WITUMB Oct 23 MINCt Mm dosing *s <t UOpm) RSS 1 CONTRACTS cwtfsAt) Close Volume Open Moot* Hifl> Low Sttt (tonnes) Interes t Nov 96 175.75 450 OtcH 177.75 1525 Jan 97 32.00 131.50 181.00 100 1450 FeO 97 182.50 2150 Mar 97 2 183.25 1750 Apr/Jan
      1,766 words
    • Article
      WORLD STOCK MARKETS
      2356 23 LONDON UhIiWs MB In *f~ AB Ports 265 -5 Abt>*y National 603 3.600 AUiadDomocq -462 -5 Amac 104.600 1.400 Aula Group 115 -1 BAT Ind 427 5 BICC 297.400 -.600 BOC Croup 856.400 -4 BR Pptrolaum 690 5 BTR 250.400 -1.600 Bank of Scotland 278 unch Barclays
      2,356 words
    • Article
      Lock icon TOKYO
      1645 23 AFX-Asia □Nikkei 225 -4L53 SHARE prices yesterday closed lower but off their lows, on active position covering in closing trade, brokers said. The 225-share Nikkei Average closed down 41.53 points at 21,082.15,. Volume was an estimated 270 million shares. There were 284 gainers and 744 decliners. Downward pressure on
      AFX-Asia  -  1,645 words
    • Article, Illustration
      Lock icon HONGKONG
      1647 24 AFX-Asia Qj Hang Seng +47.71 SHARE prices closed at their highs for the day yesterday on program buying after earlier losses triggered by falls on Wall Street, dealers said. The Hang Seng Index closed up 47.71 points at an intra-day high of 12,492.37 after a low of 12,367.95 on
      AFX-Asia  -  1,647 words
    • Article, Illustration
      Lock icon CHINA
      635 24 Reuter Q Shanghai B Share Index -0.07 SHANGHAI shares eased yesterday partly due to overseas liquidation of Shanghai Refrigerator Compressor on concerns over its prospects in the heavily competitive domestic refrigerator market. The index fell 0.07 point to 48.41 on volume of 6.6 million shares worth US$3 million. Brokers
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  635 words
    • Article
      Lock icon TAIPEI
      387 24 AFP QWPlnto +10.W SHARE prices finished 0.2 per cent higher yesterday as bargain hunters pursued textile and paper issues. "As market leader electricals weakened, some investors turned to pick up cheap textile and paper issues while most market participants stayed on the sideline," said a trader. The TSE Weighted
      AFP  -  387 words
    • Article
      Lock icon WELLINGTON
      276 24 Reuter Q Wellington -2MB SHARES ended 1.25 per cent lower yesterday, led by a 20cent decline in Telecom to NZ57.32. The NZSE-40 Capital Index ended 29.28 points lower at 2,320.39 on turnover worth NZ$66 million. Reuter n *h mm ANZ B«nmog MO -CM ***** A0v«nt»9*i HWgs UJ "0-03 »mjSS
      Reuter  -  276 words
    • Article, Illustration
      Lock icon JAKARTA
      768 24 AFP PI Composite Index »3J> STOCKS rose yesterday on rumours about a takeover of Astra and the involvement of cigarette maker Sampoerna. "The market's story is still about Astra and Sampoerna and the entire takeover issue which has become more confusing. There has not been any real information on
      AFP  -  768 words
    • Article
      Lock icon MANILA
      325 24 AFP □Manila -2353 SHARE prices declined 0.8 per cent yesterday on profit-tak-ing in blue chips. The PSE Composite Index tumbled 23.53 points to 3,049.59. Turnover was 9.8 billion shares worth 1.9 billion pesos. Power retailer Manila Electric Co A shares were unchanged at 108 pesos, while its B shares
      AFP  -  325 words
    • Article
      Lock icon SEOUL
      418 24 AFP CI Composite Index -7.24 SHARE prices closed 0.9 per cent lower yesterday in dull trade, dealers said. "There was nothing much to inspire trading. The market is undoubtedly in a consolidation phase," said a dealer. The Composite Index fell 7.24 points to 811.98. Turnover was 26.7 million shares
      AFP  -  418 words
    • Article
      Lock icon SYDNEY
      623 24 AFP PAH Ordinaries -6J SHARE prices fell yesterday, led down by the US market as investors ignored the lowest inflation data since September 1994. The All Ordinaries Index fell 6.9 points to 2,346.7. Turnover was 338.2 million shares worth AJ672.7 million. Resource giant BHP fell eight cents to A
      AFP  -  623 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares up on pre-budget rally
        8141 25 AFX-Asia fl Composite Index +137 SHARE prices closed higher yesterday on continued positive expectations about tomorrow's budget and the possible benefits for the high technology sector and other selected industries. The KLSE Composite Index closed up 2.37 points at 1,178.35 on turnover 0f362.8 million shares
        AFX-Asia  -  8,141 words
    • WARRANTS & OPTIONS
    • Article
      CLOB INTERNATIONAL
      2243 26 MALAYSIAN STOCKS Of Or mi UM Vtf Day LaotOuot* Otv OtV YW IM M Cap L— Stn* Clip any 8*1* rOOO) High L*» Bwyar ST Cw P/I la* 5 360 m 3000 ABIiOc 420 cd 420 438 55 4.9 0.3 87.7 430.8 179 84 mi 5001 AM0850C 99.5
      2,243 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
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        1,372 words
      • Article
        MAIN BOARD
        4448 27 Or 6r mm MM Loot V«4 Day LootQuoto 08» Otv VM Not Cop Avg High Ln StNo fimnry Solo fOOOl Hlgll U» Buyor BoBor C*W M tw Ww MBUSTMAU 5144 ASC NT$K> 200 US- —1 ann I WOO 900 ASF US SO. ***** US900 1M Ar*r VV US179
        4,448 words
      • Article
        SESDAQ
        967 27 Or Or mm 1996 LMt V«l Day LMt OmU Mi Dk fN M Cm A*f Hl«h Lm MM Cggg Sal* rOOOl N*98 L— !»>■ W> Cw Pft tmk Ww 289 135 2000 ABAHMaiSc *61 Ul» 3.0 U.2 0.1 1006 713 161 na 68 a 2049 AS Auto 10c 1W
        967 words
      • Article, Illustration
        HOT STOCK
        70 28  -  by Paul Leo URACO HOLDINGS yesterday ended at exactly the middle of the day's trading range of 79-86 cents. This, together with other indicators, showed that the counter could be undergoing a period of consolidation soon. Daily RSI is in overbought territory and daily MACD is getting overstretched.
        70 words
      • Article, Illustration
        Players turn attention to Sesdaq, electronics issues
        894 28  -  STOCK MARKET COMMENTARY Clob also sees significant gains as interest in ELSE Second Board counters begins to ebb R Sivanithy [SINGAPORE] Local investors, starved of decent investment themes for several months now. yesterday pounced on a view that Sesdaq and the electronics industry
        894 words
      • ON THE GRAPEVINE
        • Article
          Stressed out
          93 28 ARE you on the "right stress curve"? And do you know that everyone needs stress as it's "a fact of human life'? If you are not completely up to speed on these issues, a local consultancy has put together a one-day seminar entitled "From Stress to Success". If
          93 words
        • Article
          View from the gallery
          117 28 A 72-YEAR-OLD retiree, who wants to be known only as Mr Song, took a bus all the way from Katong to the High Court yesterday to see the Jumabhoy family feud in action. He is a keen observer of courtroom battles, he said, having being there
          117 words
        • Article
          Overdressed 'journes'
          122 28 BEING a journalist certainly has its privileges. Indonesian carmaker PT Astra International, rumoured to be a takeover target, convened a press conference in Jakarta on Tuesday and was taken aback at the unusually high turnout. But Astra's PR folk soon figured out that many at the press conference
          122 words
        • Article
          New Asia-Pacific boss
          98 28 ABN AMRO has a new boss for the Asia Pacific region. Based in Singapore, Ton J de Boer, whose title is chief executive officer, will supervise the bank's Asia 2000 strategy, which essentially involves investing a whopping US$l billion (Ssl.4 billion) in the region by early next
          98 words
        • Article
          No go slow
          77 28 NOT a day passes without us being told by economists of slower growth for Singapore. That may be the case, but obviously they haven't tried getting holiday bookings recently. The more popular destinations are chock-full months in advance, and not even hefty hotel and airline surcharges are
          77 words
        • Article
          Here's confirmation
          61 28 LAST month, this column reported that Ho Kwon Ping was appointed as non-executive director of the main board of Standard Chartered Bank. Well, it's confirmed. Stanchart said yesterday that Mr Ho's appointment is with immediate effect. Mr Ho is chairman of Singapore Power and group president of the
          61 words
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      102 18 i Wm-*-Augusta, St Andrews or the Swissair Golf Traveller? Membership of the last of these exclusive clubs is still available. Yet it offers something the first two don't. You can have your golfbag transported free around the world with Swissair and Austrian Airlines, as well as on domestic flights with
      102 words
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      Page 18 Advertisements Column 2
      93 18 THE SI AID lILLEIIIII Ek UNIQUE APARTMENT E JIT Excclicnt Seciri 9 i Ik Panerdinic Titws of New York's Slfline Extellent rental iniestßCDt Exhibition to be held at The Marriott Hotel, Ketumbar Room 26th 27th October, 1996 12.00 7.00 P.M. Ml/M Tel: 735 5800 83l I, m K't'-l liiiiuyKfiHL urN
      93 words
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      111 19 FedEx Asia One. t l r Door-to-Door. Overnight, over Asia. I i MIH s I liHH I C I H OT9 i XteWorld On Time I FfidcrEl ExprOS^t Utfßß Hfekk Tm .^:%^--k-M-}^ ■PCT I B '|&1 <■, 3MJjßßßßß^^^^^^^^^B SBBliW^Sf^g^^iPiii^^ Asiaßne rip j-n Only a world leader can make you a
      111 words
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      84 20 r a Fly award-winning Emirates to Dubai. Sit g§pp£ **<&< I llliti VHHHk ■w alL**"*"*"" Singapore-Dubai Paparta Monday, Thursday! Saturday at Q2:48 Arrtvaa at OB:»8 Paparta i Monday at ISiBO rr<v 22:00 Dubai-Singapore Paparta x TUaaday, Thuradaya Saturday at Q2:48 Arrivaa at 1«» OS Non-atop aarvlcaa to Pubal. ir Emirates
      84 words
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      Page 20 Advertisements Column 2
      48 20 i*-,. >. V .•■*< Shoes that measure up. §§H l€ a. testoni* H BOLOGNA ITALIA ingenuity shaped by tradition ATAttao.loumrtl •0115/16 Harm Bom Saavtnc Guurr Tn 754 48)5 «01-10 Makdaiw Horn Snopfrao Ak*mTb 754 1558 •Oil 1 JUmn Mom Shoptuw Akam Til: 554 0105 v 3BL- ;i §*<MS tT- *#^l
      48 words
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      93 21 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words
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      Page 21 Advertisements Column 2
      292 21 :oi 11 ti Have you opened your eyes lately? f'"; 14^ -'i Taking a good long look at for the first 150,000 km*. Advanced functions into one ergonomic unit. j the cars on the roads is like EEC-V electronic engine control that Micron Air* filters that trap dust ti counting
      292 words
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      194 24 How to enhance your company profile? lo I i ihl out. ml I Jor 7H> '2 lo I or I Jonah I < Hi -0 111 ♦The Bangkok stock market was closed yesterday. .gfi! The" buslnessTimes FMfar. nuufr.P—ptr A bold new look and a fresh approach to the news and
      194 words
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      28 25 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
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      Page 25 Advertisements Column 2
      49 25 Quality has no limit. EQUI N O X E CAAANJACHC QUALITY that lasts SWISS MADE SINCE 1924 w. Afnt SA Da., S,.g*fi~t Pu Ltd. 2)0 Vntwu Strwi. *01-01 Offta Tmtr Bl*ck. Smpfn *****4 Td: ))7 2261. Fax ))7 1098 AntUMt 01 si! fading dipartmni ittnt and uwtcb rtud tmtUti
      49 words
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      Page 26 Advertisements Column 1
      132 26 I YOU ARE JUDGED BY WHAT YOU WEAR. I CYC'S TAI LORE D S HIRTS WILL SET YOU APART. tWhy wear readymade shirts made for the average body? At CYC, every shirt is skilfully crafted for your body giving you just the right uHHr fit. And you have our word
      132 words
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      Page 27 Advertisements Column 1
      105 27 t ■$««<• up to 4hrs to the USA via our Detroit hub. The 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 to Detroit and
      105 words
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      Page 27 Advertisements Column 2
      22 27 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call CA.T.S. at 1800-737-1166 for this free service. Another Classified Servtoa
      22 words
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      1183 28 I BUSINESS Notices > T() A DVKR IIS r: (ALL TOLL-KRKK ISOO 7 4 I 18X3 NOTICE IS HEREBY GIVEN that, I Tiew Kin Choon of Block 15, St. George's Road, #10-162, Singapore *****5, have applied for a Beer House, First Class in respect of M/s Hing Hock Eating House
      1,183 words
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      Page 28 Advertisements Column 2
      36 28 SiNGAlil Mßil More Notices On Page 10 For real- time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      36 words
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      Page 28 Advertisements Column 3
      993 28 ELECTRO MAGNETICS (1992) LIMITED (Under Judicial Management) To: All holders of Warrants of Electro Magnetics (1992) Limited Dear Sir/Madam, EXPIRY OF WARRANTS Holders of Warrants ("Warrants*), which were issued by Electro Magnetics (1992) Limited (the •Company") in 1992. are reminded that, in accordance with the terms and conditions of the
      993 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      305 29 Bridge News, Reuter IT was a day of talk but little action on the freight market, with some owners even wishing they had prompt Panamax tonnage in the US Gulf or Pacific, a reversal from sentiments two or three weeks ago, brokers said. BZFFEI! The market seems to
      Bridge News,; Reuter  -  305 words
    • Article
      MARITIME STOCKS
      277 29 ■m tea »*/•*«< CWT Dtstrfeutton U37 >0.04 22 SiawMp 0.93 undi 238 Cmcs umitwwi 131 -0.02 M9 rtu 4.90 *<UB 388 rraMMLMu aro *0.05 65 wtiioMnp am *ao43 41 H« Sun Hup 0.99 ♦0.003 129 HK«cM2QMft 032 *0.025 57 IMCHMtaft HK 5.60 J»)«IHMi|l 103 *032 IS Aran SMpyarf
      277 words
    • Article
      MPA developing computer lap-top model of ECDIS
      438 29  -  Portable version of electronic chart display and information system will be easier to use By Yong Mei Fong [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) is developing a computer lap-top version of an electronic chart display and information system (ECDIS) to
      438 words
    • Article
      Lock icon World Bank arm to invest in Philippine shipping group
      168 29 AFP [MANILA] The World Bank's private financing arm said yesterday it would invest U5537.5 million (5552.8 million) in the holding firm of a major Philippine shipping line. The loan and equity investment in A Magsaysay Inc was the first investment in
      AFP  -  168 words
    • Article
      More large tanker orders expected in next few weeks
      679 29  -  HMWHUALPS I By\ David Hughes THE newbuilding scene has been quite active over the past three weeks. The accompanying table just gives some representative orders. There are strong rumours that the next few weeks will see a number of large tanker
      679 words
    • Article
      Lock icon Thai cabinet okays 4b baht for maritime fund
      189 29 Bridge News [BANGKOK] Thailand's cabinet has approved a proposal to contribute 4 billion baht (Ss22o million) to a support fund to finance the purchase of shipping vessels. "The establishment of a maritime fund is to reduce the country's current account deficit by
      Bridge News  -  189 words
    • Article
      WTSA postpones increase in charges to Jan 1
      155 29 [SINGAPORE] Carriers in the westbound transpacific trade have put off scheduled increases in container yard and container freight station charges until Jan 1. Westbound Transpacific Stabilisation Agreement (WTSA) secretary Albert Pierce said the move was designed "to minimise inconvenience for customers with
      155 words
    • Article
      Lock icon Danes to continue fighting German shipbuilding aid
      101 29 Reuter [COPENHAGEN] Danish shipbuilders on Tuesday vowed to continue their fight against German government aid to its shipbuilders despite a European Court ruling against them. "We intend to study the text of the ruling in detail, there is a lot in it which
      Reuter  -  101 words
    • Article, Illustration
      Lock icon More Asian ports forecast to turn to private sector
      298 29 Private sector involvement improves port performance, says report [HONGKONG] Most Asian ports will have private-sector participation in financing and management by the year 2001 if a current trend continues, a report says. Inefficiency and mismanagement had persuaded some Asian countries to
      FILE PHOTO  -  298 words
    • Article
      Lock icon ILO sets new labour, wage standards for seafarers
      337 29 Reuter [GENEVA] New rules governing the working conditions of one million seafarers worldwide as well as ship inspections were announced by the International Labour Organisation (ILO) on Tuesday. The new standards should lead to improved safety in a hazardous industry plagued by
      Reuter  -  337 words
    • PORT Shots
      • Article
        Lock icon Daewoo wins US$110m foreign orders
        91 29 Reuter [SEOUL] South Korea's Daewoo Heavy Industries Ltd has won orders worth a total of US$llO million (*****.1 million) from two foreign firms to build three vessels. A statement from Daewoo Heavy, a unit of Daewoo Group, said it had won a US$6B million order
        Reuter  -  91 words
      • Article
        Lock icon Paris picks French buyer for CGM
        50 29 AFP [PARIS] The French government has chosen the Compagnie Maritime d'Affretement shipping company to buy the debt-laden state-owned shipping line Compagnie Generate Maritime (CGM). CGM unions immediately denounced the decision, announced by the finance and economy ministry, and called for a general strike. AFP
        AFP  -  50 words
      • Article
        Lock icon Mombasa port cargo increases 2%
        83 29 Bridge News [NAIROBI] Cargo handling by the port of Mombasa in the last nine months increased by 2 per cent to 4.2 million tonnes from 4.1 million tonnes last year, according to figures released here by the Kenya Ports Authority (KPA). Economic analysts here attributed
        Bridge News  -  83 words
      • Article
        Lock icon Ports of Auckland forecasts trade growth
        52 29 Reuter [AUCKLAND] Ports of Auckland Ltd expects continuing long term growth in trade volumes, particularly in container traffic, despite a recent slowing in economic activity, chairman Richard Carter said in the annual report. He said indicators suggest continuing steady growth in the New Zealand
        Reuter  -  52 words
    • Article, Illustration
      Lock icon Keeping S'pore waters safe
      1095 30  -  BARBOUR SAFETY: MODERN TECHNOLOGY HELPS TO REINFORCE HUMAN EFFORT In the light of the incredible vessel density in Singapore's harbour, the Maritime and Port Authority says it is keeping a close watch on navigational safety, and stresses that human error is the biggest cause of marine
      ARTHUR LEE  -  1,095 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      306 30 PAGE tt Or aft Car go 11 ACL 11 Eastmal 2 Aencean 13 6 AMI 3 Able 13 E,h '°P« n 6 tt Accord 12 I"*"" Ah.-enkiel 4 a HMMfkm a rdfnous Austral 11 Foon 9 Sun 12 J Frota 12 frt Work)
      306 words
    • Article
      SHIPPING GUIDE
      15830 36 EXPORT w ETA ETA AdvortiS* V««i T.Npno«. ETA ETA Adv*tiS« V~- Voy*. TjNpnon. JIN 0«»t'n Nam* M*. NumD«r Nun-m »N n M N m To BOMBAY (BOM) 2053 A India To ABIDJAN (ABJ) 2003 2*/w 02/n Hanitn sinar toba V202 *5 32*22* Ivory Coast, Cote D'lvoire 2«/io 02/11
      15,830 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        723 43 V.ssoi Voy Wo BrtH Arrjwl PtMrturi IMc*cstra J UU< **305 monpiM 24.11/2300 I002W J03 24B/2000 "404*6 J01 *»«u* 24»060e tata. WH J03 torn j* &52S2? It turn 102V JOt iky>?u*« 21KVN0C i'nlT ojn *2 *>««»«. 24*1/0700 St >wt I 26/* J02 23.10/0*00 »«X« «V* J« £5££> NMM*I *6*0
        723 words
      • Article
        CONTAINER SCHEDULES
        1764 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookinq/B«t«ncc litis snip Voy No Etb/Btf Ptftod From To Fro« la M, o«ii 25/2199 U 21/000 iv*» 23/BOO ta 23/1500 21/899 21/800 u 23/1700 2VMM 24/0900 21 23/1700 24/0*99 24/0900 J 24/0700 24/1159 24/MOO 4 24/1200 24/M59 24/1700 5 HS
        1,764 words
      • Article
        GLOBAL HOLIDAY
        205 43 Oct 28 Kazakhstan Market holiday, Republic Day. Taiwan Taiwan's Retrocession Day (To Oct 26). Oct 20 Austria: Republic Day. Sri Lanka: Market and Public holiday. Taiwan Taiwan's Retrocession Day. Oct 28 New Zealand: Labour Day. Czech Republic: National Day. GREECE-'Ochi'Day. Ireland Market and Public holiday. Nov 28 Turkey:
        205 words
      • Article
        COCKETT BUNKER MARKET REPORT
        900 43 THIS report, complied by Cockett Marine Oil Ltd. (how* price range* in US dollar* Instead of single price* for a mere cotnprehetuive description of the market Price* ihown are baaed on averafe-tiaed item Market movement* arc indicated The Cockett Bunker Price Index change and the individual
        900 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        485 43 CytM too Mu 992.6 1.0 17.4 0.10 S5 0.00 Oct M 0*«rtir H«t«r IhMm Ask Uml*m titaint »o tort US 1 0 9 0 0 0 a*. 380 Aw 987.5 0J 13.9 0.07 J1 0.00 Ina MO Mu 991.5 11 18.8 0.11 51 0.00 M/ire %t/r
        485 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon S Korea aims to develop helicopters, jet trainers
        386 44 It hopes partnerships in these projects will help launch its own military aviation industry AFP [SEOUL] South Korea is betting on the development of jet trainers and mid-sized helicopters in partnership with western countries to pave the way for launching its own
        AFP  -  386 words
      • Article
        Lock icon Nissan, to increase N American output
        231 44 AFP (TOKYO] Japan's Nissan Motor Co Ltd said yesterday it would increase its annual car output in North America by nearly 150,000 units over the next three years. The move is to support its US sales goal of 900,000 units a year by 2000,
        AFP  -  231 words
      • Article
        Lock icon S Korea cautious on US drive for open skies accord
        203 44 AFP [SEOUL] US government delegates met a cautious response yesterday when they asked South Korea to join their campaign for an "open skies" agreement leading to unlimited competition among civil airlines, officials said. The US push came during talks between
        AFP  -  203 words
      • Article
        Lock icon Lotus and Proton in talks on technical cooperation
        265 44 British firm denies report of sale of stake to M'sian car maker Bloomberg Business News [KUALA LUMPUR] Lotus Cars Ltd, the closely held British sports car and consulting firm, said it is in talks with a Malaysian car maker over a "technical
        Bloomberg Business News  -  265 words
      • Article
        Lock icon Qantas to cut fares to win back Japanese tourists to Australia
        229 44 AFP [SYDNEY] Australia's national carrier Qantas Airways Ltd said yesterday it would cut fares on its flights from Japan to win back Australia's falling share of the Japanese tourism market. Qantas said the Australian tourism industry needed to "take
        AFP  -  229 words
      • Article, Illustration
        Lock icon GM, union reach tentative deal
        62 44 [OSHAWA, Ontario] Canadian Auto Worker John Ehret, sporting a Canadian flag cap, giving a victory sign to passing cars after the CAW and General Motors came to a tentative agreement in the 19-day strike on Tuesday. The crippling 19-day strike by 26,000 workers across Canada
        REUTER  -  62 words
      • Article
        Lock icon Samsung signs licence contract with P&W
        168 44 AFP [SEOUL] South Korea's Samsung Aerospace Industries (SSI) yesterday signed a long-term agreement with Pratt and Whitney Canada to produce turboshaft helicopter engines under licence. The PW2O6D engines, an advanced model for light and intermediate choppers, will be used for the 427 model light
        AFP  -  168 words
      • Article, Illustration
        Lock icon EC should ignore transatlantic market share: BA
        360 44 Commission inquiry into BA-American Air should not include that issue Bloomberg Business News [BRUSSELS] British Airways pic's chief executive Robert Ayling said the European Commission inquiry into a planned alliance between the British carrier and American Air Lines should not include the issue
        Bloomberg Business News; FILE PHOTO  -  360 words
      • LOG Book
        • Article
          Lock icon Honda sets up Indon power venture
          99 44 Reuter [TOKYO] Honda Motor Co Ltd said yesterday it had formed a joint venture in Indonesia to produce and sell power products such as generators and water pumps from around June 1997. PT Sinar Honda Jaya, capitalised at about 230 million yen (Ss2.B million),
          Reuter  -  99 words
        • Article
          Lock icon VW CEO must answer charges: Opel
          71 44 Bloomberg Business News (FRANKFURT] Adam Opel AG said that a Detroit judge ruled that Volkswagen chief executive Ferdinand Piech as well as Volkswagen AG must answer industrial espionage charges filed by Opel and its parent. General Motors Corp. Judge Nancy Edmunds also ruled that
          Bloomberg Business News  -  71 words
        • Article
          Lock icon KLM and Northwest to raise air fares
          69 44 Reuter (AMSTERDAM] KLM Royal Dutch Airlines said yesterday both it and partner Northwest Airlines will introduce a surcharge on worldwide flights due to rising fuel costs. A surcharge of 23 guilders (5518.90) per single flight will be levied on all other destinations. Return
          Reuter  -  69 words
        • Article, Illustration
          Lock icon Plane lands on roof of supermarket
          62 44 Reuter [VENlCE,Florida] A crane removing the wreckage of a light plane from the roof of a supermarket on Tuesday. The pilot of the plane, Raymond McClelland, 52, of Venice, suffered only minor injuries when he crash-landed his plane after it lost oil pressure about
          Reuter  -  62 words
        • Article
          Lock icon 200,000 Indiana confirm orders for Uno
          75 44 Reuter [BOMBAY] More than 200,000 Indians have kept faith in Fiat SpA by confirming orders for cars despite an eight-month wait, a company official said here yesterday. Arvind Doshi, managing director of Fiat's local partner, Premier Automobiles Ltd, said a majority of prospective buyers
          Reuter  -  75 words
        • Article
          Lock icon 5 die in helicopter crash
          94 44 AFP [MIDDLE WICH, England] Rescue workers using thermal imaging equipment to search the site of a helicopter crash in northwest England found a fifth body early yesterday, police said. A police spokeswoman said the bodies were discovered amid debris scattered over a woodland area near
          AFP  -  94 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1724 44 CITY FUSHT ETA fUCHT ETP CZ353 2045 Abu MmM S0441 1530 Hanoi VN741 1300 VM740 1410 Adalaida S0230 1830 0F82 2055 Hat Yai TC407 2105 TG408 0020 0F81 1930 mm 2145 HH96 1105 Anstardam KL843 0455 KL838 2300 Ho CM MM) VN741 1300 S0172 0930 DL25
        1,724 words
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      660 30 [SINGAPORE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST) |QUtF KARACHI EXPRESS (OKX) VtSSB VOT OAK VAN SU U SM VtSSH VOT DM JU U> COl SM LARGS MY 03W 30/00 03/10 03/10 07/10 24/10 DttIAIMY 0M 12/10 13/10 10/10 M/ 10 M/ 10 MXRUOY S3W 07/10 10/10 10/10 14/10 31/10 WISTHUMMUN
      660 words
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      Page 30 Advertisements Column 2
      610 30 Lines service# represented by Members o» the Registry of UvSJ)j Accredited Shipping Agents. S pore National Shipping Assoc Members o< the Singapore Freight Forwarder* Association. Ml Just talk to us... •Iris Lira 740-2044 Tan Up Chuan 740-1645—' Jarrod Leong 740-2089 Philip Koh 740-2382 EXPORT 3» Jo pan 2 Hongkong 1
      610 words
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      Page 31 Advertisements Column 1
      1148 31 PACIFIC SOUTH WEST EXPRESS (DIRECT) 1 vfssa vor Iwa I aim Isnro u« t* g ¥5 !eL_ _J9L_ _J^L_ om »/io n/io a/io o»/ii W u/n J4/vj_ JVII- 4^ng» om a/io w/io 30/ i» is/11 u/n jo/n, __jIZIL- J!Zli_ IMl— -gZli_ mactfpg gg i/ii a/n oy/ii a/ii gZli_ J!£L- "Stt"
      1,148 words
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      Page 31 Advertisements Column 2
      2184 31 0 HANJIN SHIPPING USA CANADA* UWHWft/VOT OM rST SiA [7M IWW TOT 101 I OTT IPI W. I BWI If 1 OPS I ETC |0»" TW ITH I W ITW I W I hp mii m/u li/io" 11/11 n/n n/11 m/u m/ii m/ii m/ii a»/n v/u a/n n/11 w/n 27/n
      2,184 words
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      Page 32 Advertisements Column 1
      1263 32 C<r DSR-SENA TOR jSISb Round the World Container Services TO UK/CONTINENT FROM UK/CONTINBNT ntm. ww ■lam 1 aav 1 hmi Ifu act m* [vtati Idot litw irrai m imm nx mt jm_ twtiwn/vmtiww wma an 17.11 n.ll n.ll an cmoynmgunt ebm an mm ai m mm mm mm an WUfITAQMA
      1,263 words
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      Page 32 Advertisements Column 2
      1149 32 NORASIA VESSEL VOY [5N PKLI OOA LAS BCL VAL ALQ ROT ANT FEL LHA MSCCARLA 9M2 3 30/10 31/11 I*ll 2*ll 17/11 24/11 23/11 21/11 22/11 22/11 24/11 NORFRMOURG 9643-3 9*ll 17/11 22/11 27/11 11/12 62/12 2MI 2*ll 2*ll 11/12 NOR HONGKONG' 9644-3 13/11 14/11 2*ll (VII 91/12 9*12 9*12
      1,149 words
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      Page 32 Advertisements Column 3
      71 32 H| I SHANGHAI HAI HUA HASCO SHIPPING COMPANY DIRECT SERVICE BETWEEN SINGAPORE AND SHANGHAI TRANSIT TIME 7 DAYS (WE SPECIALISE IN DANGEROUS AND HEAVY LIFT CARGOES ALSO ACCEPTING CARGO DELIVERY TO INLAND POINTS) ETA HA VESSEL VOY SPORE SHANGHAI NANJING /9613 20/10 29/10 Ottwc CNm Ports Subfrct Induciwnt Gwwral Ag»nt
      71 words
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      Page 32 Advertisements Column 4
      392 32 Direct Container Service to Fangchengjj Zhanjiang: Vessel S'pore Fangcheny Zhaa finny LIANBAO 3VK> oyn own /VOWTRANS I WrfU Pwptst RO/LO Confar kmflf Z RO/RO, Ramp Capadty opto 40 tms Haavy Lift opto 68.5 torn I CmrmtimJ/lndkk Cftin Thai Flag Statws j Ada Express VJU 25-27/10 Sl-M/11 JO-31/10 o*o7/11 I i
      392 words
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      Page 33 Advertisements Column 1
      1351 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Pax: *****17 ftBAK 8 ItUNEI COttVCNTtONM SllVfCi |H0 CHI MINN FULL CONTAINER SERVICE vßsa vot Hg_ja |vcsa vor ms«(m) n* hoi puts) simbhch mm I M/ 1 r ei/11 w/n g—UMMMt vhimi 20/10 HZI4
      1,351 words
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      Page 33 Advertisements Column 2
      1817 33 1 SAUK EVERY MOMMY I WITH SHORT TRANSIT Of 5 DAYS J SMOAPOM'S GCNQUI AOMTS: SHOITOM WAT TIL 71* 1900 ML 1)42*0 04/NMIO (0/1) *****02 JOMOtf OWO; COSTAR SHIPPING PTC LTD 17-ti ms rm saus/mgs ijosmi/as m«nwii»/i): *mm COSTAI AOf NCIES (M) SDN Mi I cmo:H7i7wooooa rowa two (oammi cowvamomi
      1,817 words
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      Page 34 Advertisements Column 1
      1224 34 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA |SGP —1 ROM ANW HBG THP ZEE LHV LNV THP ROM ANW HBB PM. MP E. RESULT RW-010 27/11 11/11 17/11 17/11 11/11 20/11 21/11 E. GAJUANO RE-040 2000 01/11 34/00 02/10 03fl0 M/Ji 28/10 E. ROYAL RW-021 02/11 21/11 22/11 23/11 23/11 2«/11 E. GLOWING RE-037 05/10 07/10"
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      Page 34 Advertisements Column 2
      1079 34 vtssa vqtu*' jot m ami mm mm iwt iai vissa voyaw mi am omn ian scp UN (MOM *****8 V 31/10 11/11 11/11 11/11 IVII 11/11 11/11 |uNCtOMI 0473 03H 11/10 14/10 IS/10 It/10 21/10 UMOWtT 047KJ34W 07/11 17/11 11/11 If/11 JO/1I 10/11 10/11 UWOMWUtO 0474 47* 7VIO 77/10 OS/11
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      Page 34 Advertisements Column 3
      580 34 mcHHELD MAMNE AQENCKS (8) PTC LTD UTEL *****33 (12 UNES) FAX: *****16/*****03 IHJ| TELEX: RS ***** FVBMP (3 Unas) 1 CR NO: **********0E I® ETMOnANSMPPMSJHT f (NsHooml Ihwo of E*kfU> ACCEPTING FCL AND CONVENTIONAL V«illl Voy ETA Lowflng for Ipow --•< Andnd 48WB 18/12 Abbey Worn 51WB 06/01 H KIEN
      580 words
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      Page 35 Advertisements Column 1
      719 35 BSA J. -MM MYANMA fOBk FIVE STAR UNE (Myoaaiar Natioaal Lint) Loading for Yang** (Rangoon) vessel vor sin pkg pen pgu PAfiAN 2J4W SID MAGWAY 41W 24/10 MALAYSIA AGENTS: KHJSHAO SMIPPM6 AGENCIES y.VL Ttt 01-03-*****00 PKL HI 02-03-37*4101 PBfc. TO 02-94-*****02 WO: m 02-07-*****21/4 BANK LINE (A strvict of Andrew
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      Page 35 Advertisements Column 2
      1036 35 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****32 piu pg |wo 1 ynsa/YQY vqy sn ia rtm ant mam mei I m —uToi uToi i7/oi my. kdbml *iw 20/10 11/11 u/11 14/11 14/11 14/11 li/n 11/H 21/H 24/09 HY. ADMIRAL J*3W 03/11 20/11 21/11 23/11 23/11 23/11
      1,036 words
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      Page 35 Advertisements Column 3
      471 35 FAMOUS CONTAINER LINES" /IBS 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) Twice Sailing To UNITED KINGDOM a SCOTLAND f J Birmingham J Z f FELIXSTOWE rßro*ol y* SOt*tH4fIPTON DIRECT SAILING TO SOUTHAMPTON FELIXSTOWE Please call for FAMOUS MOLLY *****33 P. KLANG PH: 0203/*****02 (10 LINES) PENANG
      471 words
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      Page 37 Advertisements Column 1
      54 37 To retrieve more schedules, just follow these simple steps... Ste ß/^ The document 740-6000^^^^^^ tep be faxed m M to you* >rBSS the port I *lEnter your Step ke y the our number digit code Key in your Example: i t fax number To NEW YORK (NYC) 2275 United States
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      528 39 S Weekly LCI A FCL |od|C3| Services to Caribbean IT hipping Central America IDORTHE MAERSK I ORCHMAERSK 9611 9609 Port Country 29/10 05/11 Baiiz* City Belize 02/12 09/12 Bridgetown Barbados 05/12 12/12 -Cartogerva Colombia 04/12 11/12 Castries St. Lucia 04/12 11/12 Fort de France Martinique 05/12 12/12 Freeport Bahamas 31/11
      528 words
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      Page 39 Advertisements Column 2
      1347 39 ADVANCE CONTAINER LINES (PTE) LTD A A II 140 Odl Strwt, #12-00, PIL Bultdtog. Singapore *****0 TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E iANWOK JAKARTA (S SeiHngsANek to PAT. 3 Salllngi to BMT. 2 Sailings to LCH) (4 SallMfla/WMt) AVTW fMTI»aaAag —~j ——is Vtssa VOY «N
      1,347 words
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      Page 39 Advertisements Column 3
      865 39 :R NO 1023 *****00J VESSELS VOY SW OAMgTTA LE HAVRE HAMBURG I THAMEBPORT ROTTERDAM ANTWERP VILLE D'AQUtLA AI7W 29/10 06/11 18/11 21/11 22/11 34/11 VILE OE CAWNA CI7W 06/11 16/11 25/11 28/11 28/11 01/12 VH_LE DE SAGITTA SI7W 12/11 23/11 02/12 03/12 OS/12 08/12 08/12 VILLE DE NORMA NI7W 30/
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      Page 40 Advertisements Column 1
      1449 40 VESSEL VOY SIN JKT I VESSEL S l^B i i B.MASEMPAT, >I<6 gg *"0 |Vg«e»- VOY I SIN BKK OANU BHUM r "SS XncT QUWUBMUM *717 _Sun_ 27/10_ JTug_ »Mo_ M BAN. BHUM 17N Thu fcTpT Sun I 27/10 Tip "W" "S~ B.MAB EMPAT .147, JTg_ 2»/10_ JH*, _31/10_ J
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      Page 40 Advertisements Column 2
      894 40 qafu 002 sun~ ay/io sat 02/11 Miaou oouo "aid Loon 23/10 sat 02/11 padma say w>i 01/11 thu~ 07/n Buoct mvm "moo—lfm oi/n wto 06/n MtOHNA »1S THU 04/11 |TUT~ 08/11 BIHOTSI "330 I SUN 03/11 W |OS/11 ittMAMIM BAAiftAV ttMIMI MNIMfWIII/ ■VNMHI NRTM V—Ml. VOT WW I iOM ■Vl—li
      894 words
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      Page 41 Advertisements Column 1
      663 41 -A m n SINO EXPRESS SHIPPING (PTI) LTD. I #M I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE *****7. W m 1 TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX SINOTtANS SUM/KM (CONTAINED SERVICE) Also accepting container cargo to: VESSEU/VOY ETA SIN ETAHKG ETA SHA W/THKG: Beiiioo. Owon. "jSTfu
      663 words
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      Page 41 Advertisements Column 2
      425 41 MAU-NcLo gI'UHL If Bm 1 1 Cantor: MM CONTR LINES, HK I -I\-/\ I BSU: (084)*****V UAMUL nxt)HMMI PENANG: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31)*****0 KB-AHO: (03) *****77 JKIi (21) *****67 MEN: (61) *****3 HKG ETA FREMANTLE ETA 'MONTE ROSA 'V.8416 27-10 "B.DELIMA" V.437 28-10 PKG/PEN FXT/RTM/HAM "ACX CLOVER"
      425 words
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      Page 41 Advertisements Column 3
      301 41 I S'potb PJtaiang LoadngFor AMANPULO 28/10 RdnVMtaAJK#Hi I NICHOLAS 25/10 02/11 RcWAIWUMfci I MELERI 1 ami RdrrVAtv»A>K/i& I PAN FORTUNE 20/11 25/11 RdrrVAtwAM/Nwi I Uld»EjW Malaya, Indonaw 1 ILoadng tor 1 J PAN CRYSTAL Oubai/Bahrainfl>amm*VKuw*t I CAPT YANNtS L MAKAR HodaidafVJ«ddah/Aqaba/ Pt Said I HAUM METE Hodaidah/JaddtfVAqaba I APJ KARAN
      301 words
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      Page 42 Advertisements Column 1
      548 42 Shipping Times ••'BUSENESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. ;z Fast, Reliable and Committed to you when it comes to Marine
      548 words
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      Page 42 Advertisements Column 2
      153 42 ■Bffißß 8016 Products Services jz Turnkey Factory Automation System .^-■<«>'" 3S|jj Automated Storage and Retrieval System iitfiiuli i members consp!|feivith the Association's stringent criteria. SlNGAIH}np^M£(pHT JORWAW)ERS ASSOOATION S AHM^^?O76O^ A H'H!4'Jili WJI FREICHT UNKS express^ gQ g A leading freight forwarding and logistics management group. I gjfltosr MK Expected date
      153 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      127 43 111^1^ LEGCNO: R TK* *n/Urt(n#m Temperature V Weother W,od <*ect.on with speed m knots Rain Wove hetaht Cloudy Sky Swrfoce wind* or* mdtcoted by arrows which My with the wind One «u> circle represents calm of hght and vohabte winds 1 One hotf Heche represents 5 knots 1 One KJ
      127 words
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