The Business Times, 8 September 1994

Total Pages: 48
1 48 The Business Times
  • 11 1 BusinessTimes WE KNOW ASIA MITA(P) 010/12/93 Thursday September 8 1994 75«
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  • 52 1 Reuter NEW YORK Blue-chip stocks edged lower on Wall Street yesterday. At Ipm EDT, in the broader market, declines led advances 10-9 on volume of 158 million shares on New York Stock Exchange. At 2pm EDT, the Dow Jones Industrial Average stood at 3,883.9 down 14.80
    Reuter  -  52 words
  • 59 1 AFP LONDON British author James Clavell, 69, who rose to fame with his novel Shogtm, a blockbuster about medieval Japan, has died after a short ijlness, his editor Eric Major said yesterday. Mr Major did not say when or where Clavell died, or specify the illness. Clavell
    AFP  -  59 words
  • 159 1 Stack market indices Wednesday Change ST1I 2.327.01 -11.54 KLSEComp 1.163.15 -9.09 Nikkei 20.023.80 -370.18 Hang Seng 10.165.87 +129.90 SET Index 1.532.41 -2.73 Jakarta Comp 532.05 +7.55 CLSA China B 1.220.81 +18.84 Ausl All Ord 2.104.4 +0.8 FTSE 100 3.203.9. -1.5 Wedaesday Previous 2pm close Dow Jones 3,883.90 3.898.70 Avtraci print
    159 words
  • 898 1  -  From Agnes Chen in PULAU LANGKAWI PRIME MINISTERS Goh Chok Tong and Mahathir Mohamad capped wide ranging talks held here by proposing procedures to tackle two major bilateral issues. Mr Goh said he and his Malaysian counterpart agreed that the
    898 words
  • 524 1  -  Keppel Bank, S'pore Petroleum Company, DBS Bank among beneficiaries By By Shiv Taneja in SINGAPORE and K P Nayar in NEW DELHI SEVERAL listed companies are among the Singapore parties set to benefit from the slew of deals with Indian counterparts to be announced
    524 words
  • 445 1  -  From Shada Islam SEVERAL East Asian countries, including Singapore and its Asean neighbours, will lose their access to the European Union's Generalised System of Preferences (GSP) for some of their exports as of 1997, the European Commission said yesterday. Senior Commission trade
    445 words
  • 101 1 SINGAPORE Wearing a grey-coloured bundh gala, Indian Prime Minister P V Narasimha Rao arrived here yesterday to explore what he called the limitless scope for improving economic cooperation. Mr Rao was received on arrival by minister-in-attendance Brig-Gen George Yeo, who is the Health and Information
    101 words
  • 328 1 TOKYO Japanese slock prices fell sharply again yesterday, weighed down by the untimely and apparently overpriced privatisation issues and by ofTicial indications that Japan's economic recovery will be slow and uncertain. The Nikkei 225 Stock Average shed 370.18 points to close only fractionally above
    328 words
  • Page 1 Advertisements
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      84 words
    • 38 1 Law: Pg it Question of equity profits Two companies clinch housing sites at 15pc below market rate, Pg 17 Seagate investing $200 m to boost capacity, Pg 2 Petron shares surge 136 pc at Manila debut, Pg 18
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    • 10 1 Hock Lock Siew: Pg n A Japanese stocks still dearft
      10 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 273 2  -  By A J Leow TOURIST arrivals rose 10.2 per cent to hit a record monthly high of 642,815 in July, latest figures from the Singapore Tourist Promotion Board (STPB) showed. This was the third time in 12 months that the 600,000 mark was breached. The
        Source: STPB  -  273 words
    • 488 2  -  Company wants to increase output of disk drives by 25pc despite cutting back on floor space By Claire Leow DISK-DRIVE maker Seagate Technology of California said yesterday it would invest $200 million over 18 months from next January to increase its manufacturing capacity
      488 words
    • 299 2  -  By Ramesh Divyanathan TRAFFIC conditions in the Central Business District have improved since the introduction of the whole-day area licensing scheme on Jan 3. The Communications Ministry said yesterday a comprehensive survey by the Public Works Department showed that compared with October 1993,
      299 words
    • 451 2  -  By Abdul Hadhi THE official residence of the Australian high commissioner and the site of the former New Zealand High Commission, both of which sit on prime residential land, are to be sold by public tender. Estate agent Knight Frank
      451 words
    • 287 2 SIM WONG HOO of Creative Technology and inventor Hari Gunasingham head the list of electronic engineers vying for EDN Asia's "Innovator of the Year" award. The regional award will be made on Sep 21 at the Globaltronics mega-exhibition for the electronics industry. The
      287 words
  • Page 2 Advertisements
    • 164 2 /$=\?,!-./("--,?(*|-:(,:_><!]=- THE RUSH IS ON FOR Melbourne is about to become Australia's fastest growing suburb with around 20,000 people set to move into the near city areas. Demand for new homes near the city is surging. MBBIBSISBSSn UNBEATABLE INVESTMENT PACKAGE AIRCONDITIONED, SECURITY, jj Booking Fee SGD 1000 (Fully Refundable) New
      164 words

  • SOUTH-EAST ASIA
    • 460 3  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIA yesterday lifted a six-month ban on the awarding of government contracts to British companies imposed after a row over British newspaper reports alleging that bribes had to be paid to win
      460 words
    • 140 3 HANOI Vietnam's gross domestic product grew between 8 per cent and 9 per cent in the first eight months of the year, according to the government's Statistics General Department, the Vietnam News reported yesterday. The department said the growth rate remained stable despite
      140 words
    • 37 3 AFP MANILA A squatter walking yesterday through garbage, made up mostly of plastic refuse, that was washed ashore along Manila Bay. Despite the serious pollution, however, the bay is still a popular promenade. AFP
      AFP  -  37 words
    • 325 3  -  From Al Labita in MANILA PRESIDENT Fidel Ramos leaves today for a nine-day swing to Europe to tell Europeans the Philippines is now back in business in Asia. "We have to inform them about our numerous economic opportunities and forge business alliances with
      325 words
    • NOTEBOOK
      • 71 3 AFP JAKARTA Indonesia is considering making Lamongan. a small town in East Java, into an industrial area as it moves to cancel plans to redevelop Madura island. Research and Technology Minister Bacharudin Jusuf Habibie yesterday said the government expected to cancel a plan to
        AFP  -  71 words
      • 91 3 Reuter JAKARTA Indonesian lawyers yesterday filed a legal suit challenging the validity of Information Minister Harmoko's June decision to ban Tempo magazine, Indonesia's oldest news weekly. Eight prominent lawyers filed the personal suit, believed to be the first of its kind in Indonesia, at the
        Reuter  -  91 words
      • 65 3 The Straits Times JAKARTA Malaysia's chief delegate to bilateral talks on the disputed islands of Sipadan and Ligitan told his Indonesian hosts yesterday that the time might have come for both sides to settle the issue through arbitration. Indonesia, however, responded coolly, with its delegate
        The Straits Times  -  65 words
      • 35 3 Reuter HANOI Vietnam will sell Indonesia 265,000 tonnes of rice in the next two months in order to help meet shortages, a former Indonesian food minister said yesterday. Reuter
        Reuter  -  35 words
      • 70 3 Reuter JAKARTA Indonesia yesterday sought to beat a Jakarta minibus strike by deploying buses guarded by police to help ease commuter woes in the teeming capital. The official Antara news agency said the strike, in its third day and held in protest against hefty
        Reuter  -  70 words
    • 306 3 AFP MANILA The Philippines' gross national product (GNP) will really grow by 7.0-7.5 per cent in 1994 even though the government will likely record only 5.5-5.75 per cent growth. The Philippine Chamber of Commerce and Industry (PCCI) yesterday said this underestimation of
      AFP  -  306 words
  • Page 3 Advertisements
    • 36 3 Your own human more Qnly when you fty our planes create ym 0 of he modern conveniences we offer. when comes to I |S Qnly whm you technology allows us to you you to where Asiana
      36 words

  • CHINA/HONGKONG/TAIWAN
    • 472 4 AFP BEIJING Top Chinese leaders have admitted that the battle against inflation is far from won, with Premier Li Peng stressing that price control will continue to top the government's agenda well into next year. In a top-level conference on Tuesday
      AFP  -  472 words
    • 81 4 AFP TAIPEI Taiwan will allow 20,(XX) more foreign nationals to work here following strong demand from local manufacturers, a top labour official said yesterday. Beginning next month, the Council of Labour Affairs will accept applications from local manufacturers for foreign workers, council chairman Chao
      AFP  -  81 words
    • 79 4 Knight-Ridder HONGKONG China's Minister of Geology and Mineral Resources may have put his job on the line by revealing how much gold the country produced last year, Hongkong's Ming Pao newspaper said yesterday. The newspaper quoted a state Gold Bureau spokesman as saying Beijing had
      Knight-Ridder  -  79 words
    • 70 4 Bloomberg Business News BEIJING Power stations built with foreign investment or loans now account for more than 20 per cent of China's electrici-ty-generating capacity, Shanghai's Liberation Daily newspaper said yesterday. The newspaper said there were now 63 power stations in China which were paid
      Bloomberg Business News  -  70 words
    • 373 4 AFP PARIS France and China will sign contracts and letters of intention worth around US$3 billion (554.5 billion) next Saturday, Chinese External Trade Minister Wu Yi said here yesterday. This would bring the total deals to be signed during her trip
      AFP  -  373 words
    • 72 4 AFP TAIPEI Taiwan's opposition Democratic Progressive Party lawmakers holding up a banner in the lobby of the headquarters of the ruling Kuomintang (KMT) party yesterday accusing the KMT of wasting NT$lOO million (555.7 million) that it plans to spend on building the country 's first
      AFP  -  72 words
    • 257 4 AP TAIPEI Defying Chinese protests and putting Japan in a tight spot, Taiwan announced yesterday that its president has acccpted an invitation to attend the Asian Games in Hiroshima next month. China, which regards Taiwan as a renegade province, has threatened to
      AP  -  257 words
    • 294 4 HONGKONG China has offered to split the profits from development of the Spratly Islands, which it calls the Nanshas, but has refused to budge on the sovereignty issue, the South China Morning Post reported yesterday. It quoted a senior mainland diplomat in Hanoi
      294 words
  • Page 4 Advertisements
    • 246 4 THE KA WAH BANK LIMITED (Incorporated with limited liability in Hong Kong) U5541,000,000 Floating Rate Negotiable United Statea Dollar Certificates of Deposit Due 1996 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the period from 8 September 1994 to 8 December 1994,
      246 words
    • 131 4 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 UNITED OVERSEAS LAND LIMITED (Incorporated In Me Republic of Singapore) LOST CERTIFICATES Certificates no. *****4e-6 and *****49-9 covering 1,000 stock and 800 stock, respectively in the name of Bee Guan Sdn Bhd have been reported lost, mislaid or destroyed NOTICE IS HEREBY GIVEN that new
      131 words
    • 29 4 SELLING POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. SINGAPORE f 1 Business Times
      29 words
    • 288 4 M THE MATTER OF THECCMPANESACT.CAPM HAKKEE DEVELOPMENT PTE. LTD. fiVMnrlipiMMl At an Eitnoidnin Gwml Meeting of the members oi KAK KEE DEVELOPMENT PTE LTD duty cmmmi and held at 6001 BmcH Road #14-01 Golden Mte Tower. Stngopore 0719 on tw dm oi 1994, tho Mowni RoooiuPone warn duly peaood:1) "ThWtie
      288 words

  • REST OF ASIA
    • 315 5 Reuter TOKYO Japan yesterday promised to investigate allegations that big trading firms had rigged bids in order to win contracts under the nation's foreign-aid programme. "The details will have to wait until we get the investigation results from the
      Reuter  -  315 words
    • 113 5 Bloomberg Business News BRISBANE Queensland is Australia's first state in almost 100 years to become net debt-free, with the state's financial assets to June 30 exceeding its liabilities by A 5242 million (***** million). State Treasurer Keith De Lacy yesterday told The Australian Financial Review newspaper that
      Bloomberg Business News  -  113 words
    • 97 5 Reuter CANBERRA Australian builders' growth expectations are becoming moderate, in line with government forecasts that the industry has finally reached a peak after two years of rapid expansion. A Housing Industry Association poll, released yesterday, said 36 per cent of builders surveyed in August expected stronger
      Reuter  -  97 words
    • 72 5 AFP NEW DELHI Several hundred Indian farmers were prevented by riot police yesterday from delivering cartloads of cow dung to Parliament as a protest against manure imports, witnesses said. The farmers and members of a local dairy union had threatened to present 11 cartloads of cow
      AFP  -  72 words
    • 65 5 Bloomberg Business News BOMBAY Indian companies may invest up to 10 per cent more after discounting inflation this year. The Times of India yesterday quoted the Reserve Bank of India as saying total capital expenditure would reach 375 billion rupees (SS 16.8 billion). That's down
      Bloomberg Business News  -  65 words
    • 439 5 Reuter TOKYO Japan's military, already equipped with some of the world's most sophisticated weapons, has now turned its attention to space and wants to spend billions of dollars to place spy satellites in orbit. In a secret study recently revealed in
      Reuter  -  439 words
    • 401 5 But recovery must be nurtured, caution policy-makers Reuter Bloomberg Business News TOKYO Japan's cautious policy-makers finally agreed yesterday that the economic giant's three-and-a-half-year recession was over and said that not even the strong yen could derail economic recovery. But the recovery was unlikely to be
      Reuter; Bloomberg Business News  -  401 words
  • Page 5 Advertisements
    • 291 5 THE NEW CORONA. EVOLUTIONARY IN DESIGN. REVOUUTIONARY IN PERFORMANCE. »-'V.jf" 't«Ja4.. JUT /F B *> ~T 111 i"*ti. i L fc, From its refined aero-styled bumper pure driving performance. and even a holder for your sunglasses with integrated front spoilers to its sensuous Slip into the front seat of its
      291 words

  • THE WORLD
    • 506 6 BONN Chancellor Helmut Kohl yesterday said that Germany would remain the motor of closer integration in the European Union and it did not want progress to be held up by the "slowest ship in the convoy". Re-entering a row over a proposal by
      506 words
    • 263 6 Bloomberg Business News LONDON UK economic growth is broadly based and recent indicators suggest growth is "strengthening", the UK Treasury said. In its monthly monetary report for September, the Treasury said the increase in manufacturing output and retail sales in July, combined with upbeat business
      Bloomberg Business News  -  263 words
    • 420 6 AP WARSAW China's biggest investment in eastern Europe will open on Sep 12. with a wholesale trade centre that hopes to grow from increased cooperation with the region. Officials said on Tuesday that the GD Poland Distribution Centre on
      AP; Reuter  -  420 words
    • 387 6  -  By Claire Leow SINGAPORE With demand for personal computers marginally above expectations quarter after quarter, analysts see upward pressure on prices of memory chips. By the second quarter of next year, the shortage for high-end memory chips capable of storing 16 megabits
      387 words
    • WORLD WATCH
      • 69 6 Reuter MOSCOW Russia's Khrunichev Space Centre (KSC) and Deutsche Aerospace AG are planning a joint venture to arrange commercial satellite launches using a former military delivery mechanism, a KSC spokesman said yesterday. He said the 120tonne Rokot booster, produced by KSC since 1973 and originally designed for
        Reuter  -  69 words
      • 81 6 Reuter ROME Italy should abolish the system under which employees are forced to set aside part of their salary for their severance pay package and use the funds instead to finance private pension funds. Treasury Minister Lamberto Dini said. Mr Dini said the amount
        Reuter  -  81 words
      • 73 6 Reuter ROME Italy, determined to crack down on tax evasion costing the state some 100 trillion lire (5597.5 billion) a year, yesterday singled out dentists as prime suspects rather than politicians or accountants. A finance ministry statement said the first group under the fiscal spotlight would
        Reuter  -  73 words
    • 514 7 FT BRUSSELS Alexandre Lamfalussy, president of the European Monetary Institute (EMI), declared on Tuesday that EU member states had turned a comer and could realistically consider the prospect of a single European currency. Falling interest rates, low inflation, and dose monetary co-ordination among
      FT  -  514 words
    • 466 7  -  By Jenny Lam THE Norwegian government is confident of a "yes" vote in the November referendum which will decide if Norway should become a member of the European Union (EU). Svein Harald Oygard, state secretary of the Royal Ministry
      466 words
    • 474 7 Reuter LONDON British Prime Minister John Major threw veteran Northern Ireland politician lan Paisley out of his London office on Tuesday for doubting his promise that he made no secret deals with the IRA to secure last week's ceasefire.
      Reuter; AFP  -  474 words
    • 265 7 Reuter OTTAWA Worry and uncertainty are hanging over Canada's financial markets as a separatist party appears set to win the Sep 12 election in French-speaking Quebec, economists said on Tuesday. "Anytime you get a change of government it raises the level of uncertainty
      Reuter  -  265 words
  • Page 6 Advertisements
    • 183 6 Bottom Line: Is Major's heart really in EU? Pg 16 "ap Singapore Polytechnic H I mwiicH 9* I H a showcase of U INNOVATION and DEVELOPMENT 1 H In the H IJ MARITIME INDUSTRY U Technical Talks Exhixtion H U Environmental Pollution Prevention H rl International Safety Management (ISM) Code
      183 words
    • 192 6 9 The Ultimate In Luxurious Waterfront Living E I Waterfront Town Houses Runaway Bas S'.TTtTWTTTTTb I V9RPHlkjrl' |fj|l/l/ll |y i Features include H Waterfront townhouses on the Townkouses offeringdual M lwing D CwOUt tsOdSt Ojjers: Z' Tranquil settings affording an opulent N by the crystal clear uxtierys lifestyle J 8
      192 words

  • Page 7 Advertisements
    • 135 7 Smooth as silk is a smile that comes from the heart not the handbook. J.wjkj Smooth as silk is an attitude born of a centuries old culture It's the natural charm and friendliness of our cabin and ground crews It's a beautiful fresh orchid for every passenger It's superb cuisine,
      135 words

  • SPORTS
    • 832 8 US Open AP NEW YORK For the first time in US Open history, the top three seeds are sitting on the sidelines for the quarter-fi-nals. Top-seeded Pete Sampras. No 2 Goran Ivanisevic. No 3 Sergi Bruguera. All gone. Also missing are
      AP  -  832 words
    • 897 8  -  By George Vecsey NYT NEW YORK First Pete Sampras fell into a hole. Then he hit the wall. This tennis is a dangerous sport. And what's worse, the danger is spreading. Jaime Yzaga is the man who defeated the top-seeded player at the
      NYT; AFP  -  897 words
    • 472 8 AP ROME —Franzi Van Almsick had a little help from her friends en route to a wortd record and Tom Dolan could breathe easier after setting one himself at the World Swimming Championships. The German star swam 1:56.78 in the women's 200
      AP  -  472 words
    • SPORT SPORT
      • 220 8 Reuter KUALA LUMPUR Malaysia's biggest construction firm signed an agreement on Tuesday to build a US$217 million (SS3Z5.5 million) sports complex for the government. In return, the government will give the company two old stadiums in the heart of Kuala Lumpur. United Engineers (Malaysia) (UEM) will build the
        Reuter  -  220 words
      • Article, Illustration
        75 8 Reuter TAIPEI Taiwan warned yesterday it might boycott next month's Asian Games in Japan if Olympic officials rescinded under pressure from Beijing an invitation to Taiwanese President Lee Teng-hui to attend. "If the OCA (Olympic Council of Asia) decides not to invite President Lee under pressure from China
        Reuter  -  75 words
      • Article, Illustration
        65 8 AFP LONDON Brian Lara recovered from the disappointment of defeat in the Nat West Trophy final at the weekend to produce a rousing farewell to his fans at Warwickshire's Edgbaston ground on Tuesday. The West Indian world No 1 batsman produced a matchwinning 56 runs to give his county
        AFP  -  65 words
      • Article, Illustration
        78 8 AFP PARIS French cycling authorities officially dropped doping charges against four-time Tour de France winner Miguel Indurain on Tuesday. The Spaniard tested positive for a stimulant, salbutamol, in the Tour de I'Oise in May. However, salbutamol is permitted by inhaler if the competitor has notified the appropriate medical authority.
        AFP  -  78 words
      • Article, Illustration
        123 8 AFP LONDON In-form Colin Montgomerie has been named world golfer of the month for August in a poll of fellow European Tour players and members of the Association of Golf Writers. The 30-year-old Scotsman returned to No I place in the European Order of Merit after winning the English
        AFP  -  123 words
      • Article, Illustration
        46 8 AP WASHINGTON The White House has rejected a proposal by federal mediators to have President Bill Ginton appoint someone such as Jimmy Carter or former secretary of state George Shultz to arbitrate the baseball strike and save the season, administration officials said on Tuesday. AP
        AP  -  46 words
      • Article, Illustration
        126 8 ROME World Championships finals Tuesday Men's 100 m butterfly: 1 Rafal Szukala (Pol) 53.515 ec 2 Lars Frolander (Swe) 53.65 3 Denis Pankratov (Rus) 53.68. 400 m individual medley: 1 Tom Dolan (US) 4:12.30 (World Record) 2 Jani Sievinen (Fin) 4:13.29 3 Eric Namesnik (US) 4:15.69. 4 x 200
        126 words
      • Article, Illustration
        181 8 NEW YORK U559.36 million US Open Tuesday Men's 4th id: Jonas Bjorkman (Swe) b Joern Renzenbrink (Ger) 3-6 6-3 6-2 6-7 (3/7) 6-3; Jaime Yzaga (Per) b Pete Sampras (US xl) 3-6 6-3 4-6 7-6 (7/4) 7-5; Karcl Novacek (Cze) b Javier Fran*. (Arg) 6-3 6-3 6-7 (3/7) 6-3;
        181 words
    • 167 8 AFP NEW YORK A disappointed Kimiko Date lashed out at the Japanese Tennis Federation here on Tuesday after her quarter-final loss to Arantxa Sanchez Vicario at the US Open tennis championships. Date, ranked sixth in the world and seeded fifth here, accused the
      AFP  -  167 words
  • Page 8 Advertisements
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      51 words

  • INNOVATION & TECHNOLOGY
    • 517 9  -  A joint project by two universities is working on a rapid manufacturing process. Audrey Tan reports Audrey Tan EVER had to make numerous trips to the hospital to make a cast for a broken leg? Scientists are working on a process which
      517 words
    • 185 9 Reuter SMALL electrical bursts could be used to control brain disorders such as epilepsy in the same way that a pacemaker controls the heart, US scientists said recently. They found that small, controlled bursts of electricity could send brain cells into chaotic activity
      Reuter  -  185 words
    • IN TAKES
      • 70 9 Reuter SMYRNA, Georgia AER Energy Resources Inc says it has begun shipping its first product, the AER Energy Power 220, a rechargeable zinc-air battery that can power portable computers up to 10 times longer than conventional batteries. The company »id its AER Energy Power 220
        Reuter  -  70 words
      • 90 9 Reuter LONDON Chess Genius 2, the computer which beat world chess champion Garry Kasparov, reached the semi-finals of a speed chess event last week by outwitting Bosnian grandmaster Btedrag Nikolic. The human's errors let him down as the computers program, capable of analysing up to 100,000
        Reuter  -  90 words
      • 93 9 AP LOS ANGELES Young children who take music lessons may be on their way to doing better in mathematics, chess and even reading maps later on, a study suggests. It found that three-year-olds who took keyboard and singing lessons for just a few months
        AP  -  93 words
      • 75 9 Newsday YOKOHAMA With available Aids drugs proving too toxic for patients or too weak to overcome the disease, scientists are now working on treatment ideas that sound like something out of Star Trek. Genetic manipulation of people's cells, alteration of the human immunodeficiency virus and
        Newsday  -  75 words
      • 104 9 Newsday NEW YORK A simple amino acid has been linked to two major mental disorders, schizophrenia and depression. The findings, reported independently by two groups of researchers, could lead to completely new ways to treat the millions who have these illnesses. In one study,
        Newsday  -  104 words
  • Page 9 Advertisements
    • 87 9 __SEAUiQ!NG_*_HAWi MtVSsM;, n P t L i f^te,,,-. i '■*> '-j,. "'w| i ißt A N§' '•vwiiJS!M p fowSSm n^^^ v w §r hMUii j-. w i k I m I HgVr\ L k- :.iilw# j I l ■v' ilB 3 B m MwvwSBIHF L bl II i fc BBBMBtA
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  • Page 10 Advertisements
    • 418 10 The Regional India Fund. Your first step into a country that has just made the biggest economic reforms in its history. 11l 1991, the government of India passed legislation which once and for all India Fund offers great potential to your own investment portfolio, removed the shackles that had, for
      418 words

  • THE LAW PAGE
    • 1797 11  -  George Shenoy looks at whether the law should be changed to allow a parent company to treat equity profits as dividends George Shenoy The writer is a senior lecturer in the School of Accountancy and Business, Nanyang Technological University ONE accounting issue which concerns a
      1,797 words
    • 328 11 AT THE WE ALL have lived with icgalcsc but Tuesday's announcement by City Developments to the Stock Exchange of Singapore takes the cake. The first sentence reads: "The directors of City Developments Limited ('CDL' or the 'Company') wish to announce that on 27 August 1994, CDL,
      328 words
    • 195 11  -  By Conrad Raj Although Singapore enjoys the distinction of being the world's busiest port, sadly, it has only a handful of local lawyers well versed in maritime law. As a result many shipping lines and shipyards rely on lawyers from abroad to handle much of the
      195 words
  • Page 11 Advertisements
    • 647 11 S3 HTP HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at The Oriental, The Monet Suite, Level One, 5 Raffles Avenue, Marina Square, Singapore 0103 on Friday, 30 September 1994 at 4.00 p.m. for the following
      647 words
    • 25 11 I Dear Aggie Hotline Leave us your problems listen to selected answers by our counsellors. All identities are strictly confidential. Cost 30 cents a minute
      25 words
    • 246 11 'JV jMeditermnean i¥emt Tot v {Jl 07ie Seme& i ll I i. /t JP Bastiani, lunch is a Mediterranean culinary s experience to be savoured in every sense. —A J Prepare to be overcome by the aroma of delicate Lunch: spices wafting from our wood burning oven and grill. ?or
      246 words

  • Page 12 Advertisements
    • 703 12 Nothing Beais A Bud. OF FRESffI .PASTA DAI LY. W From Pasta Fre sea The only restaurant to make its own specialty pasta. Fre,h everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Pasta Frnca Da Satvatar* PH L»d 30 Boat Quay. SIOIO4I (Open 24
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    • 358 12 Where to wine, dine and entertain (^ea Jointly presented by Plaza Hotel and Female Magazine Venue: Plaza Hotel's Function R(x>ms Date: 18 September 1994. Sunday Participant's Fee: $18 nett (inclusive of High Tea buffet) Programmes: Exhibition Talk by Jill Lowe International Bridal Fashion Show Lucky Draw All participants will receive
      358 words
    • 353 12 T Mooncake Festival At The Mandarin Singapore From now till 20 September, all our traditional mooncakes like lotus seed paste with 1, 2 or 4 egg yolk, snow skin or white lotus seed paste, assorted nuts with kam hua ham, 7 stars with white lotus paste mooncakes are on sale.
      353 words

  • LIFESTYLE
    • 619 13  -  Fancy something from Uzbekistan on your wall, body or dining table? Susan Tsang has the details Susan Tsang WE HAVE seen local art, regional art and Western art. Now, a chance to get a glimpse of what Uzbekistan has to offer, at the Takashimaya Gallery. That
      619 words
    • 412 13 NYT IF THE crime sounded as if it had been dreamt up by a romance-novel writer, listen to the confession: "My life was effectively at an end," wrote Barbara Josyln, the love-story author, trying to explain the despair and financial hardship that induced her
      NYT  -  412 words
    • 96 13 AP Merle haggard, who spent three years in prison before going on to stardom singing about the life of the working man, will be inducted into the Country Music Hall of Fame next month. The Country Music Association said on Tuesday
      AP  -  96 words
    • 443 13 I I EifMIJX AP AP AP AP ALMOST three years after the death of singer-actor Yves Vlontand, a Paris court ruled on Tuesday that he was the father of a young woman who, along with her mother, has battled for such recognition since 1989.
      AP  -  443 words
  • Page 13 Advertisements
    • 100 13 22 August to 21 September '94 1 Savour all the helpings you desire o< our 1 house speciality, Hainanese Chicken A J Rite at only one price. J Relish smooth and lender chicken with IVL m steaming. fragrant rice now available at W/V Cafe Aladdin. What's more, tempting I desserts
      100 words
  • Page 13 Miscellaneous
    • 1065 13 TV RADIO 1 SBC 12 presents a biography the Austrian £j "'V' composer Catch snippets wj Mozart's Magic Flute. Idome- i; -l fes .•■M|^^H neo and the Piano Concerto in F •*> |gf E Flat Major K271. fHWHI My Mom's A Werewolf, 8.30pm, *i sbc 5 «.i|E -JMHKHbH Susan Blakely
      1,065 words

  • 518 14 For the past six years, Singapore was perched comfortably as the most competitive country in the league of the newly industrialised economies (NIEs). In the contest to create wealth for its people, Singapore was leader of the pack at least according to the authoritative World
    518 words
  • 282 14 THE WORLD can breathe a little easier with the signing of the agreements in Moscow at the weekend between Chinese President Jiang Zemin and President Boris Yeltsin. While rapprochement is short of a deep relationship, the pact on ending a nuclear confrontation and taking the
    282 words
  • 154 14 NOMINATED Members of Parliament (NMPs) are now a political institution with substance. The first batch of NMPs have performed well, not only by being non-partisan in voicing important issues such as parents' maintenance and the plight of single parents, but also in enhancing the level of
    154 words
  • 186 14 THE Japanese government's decision to send Self-De-fence Forces personnel on a relief mission to assist Rwanda refugees was a rational one, for the need is urgent and the troops are well able to help. The decision also represents a significant opportunity for Japan to build
    186 words
  • 119 14 POPULATION growth is the most serious future problem which humans are able to affect. And there must be no mistake that a fast-growing world population is a profound problem. It is exactly forums such as the Cairo conference which best justify the existence of the
    119 words
  • 98 14 A POET once described the past as being "the only dead thing that smells sweet". But for Japan the past is apparently something dark and dismal that keeps coming back to haunt the country's present. Last week's announcement that Japan is to set up a US$l
    98 words
  • 194 14 FOR THE first time, the Speak Mandarin Campaign is being promoted by the English-educated, and the committee this year is also formed largely by this group of people. This is a major breakthrough in the campaign's history. It is appropriate for the English-educated Chinese to be promoting
    194 words
  • 928 14  -  Yasuyuki Kishiro says the stronger yen and cheaper imports spell relief for ordinary Japanese, who have had to stomach high prices for iar too long Yasuyuki Kishiro Asahi News Service SOME Japanese beer makers have begun considering shifting their production bases
    Asahi News Service  -  928 words
  • Page 14 Advertisements
    • 386 14 The Straits Times Weekly Edition offers you H ITOWjRmTIKSV 11 a cr s P summary of the week's major H happenings in Singapore and Asean. You can H stay in touch with the social issues, politics, H economy at home wherever H you are or working or H overseas. All
      386 words
  • Page 14 Miscellaneous
    • 78 14 WP- k)C,T hncren VAUg) (Unu> C.AN I lfftV£ MF.SS*G£.S /uiViKT DEVIL *P<D \Pes< v F o* THC TOP BR*S«S..^ Jill feiS 1 L /oust y □£<=>< AI»OCI*TtD WWMWM LTD, IMMtM «a>7 POONESBURY GARRY TRUDEAU A S9AW7 A4SU, J lUENTIOASEth ESTEEM 1 "GUREPIT *EU.UKB, V kwexxj mrrEP Acamw/NCalifornia, pusHhfiYseLF.Fmpmanß, UKe finiujAuy
      78 words

  • ANALYSIS
    • 2014 15  -  In an interview in Jerusalem this week, Israeli Foreign Minister Shimon Peres shared with Leon Hadar his vision of the 'New Middle East', and emphasised the vital necessity for peace and economic development in the strategic area, using East Asia as a role model
      2,014 words
    • 832 15  -  Adrian Karatnycky says the West must act swiftly to forestall that distinct possibility Adrian Karatnycky The writer is president of Freedom House. a human rights organisation, and co-author ofNew Nations Rising: The Fall of the Soviets and the Challenge of Independence' NYT IN
      NYT  -  832 words
  • Page 15 Advertisements
    • 111 15 Dai-ichi Hotel Corporate Bates I SUPERIOR AiOQ I ROOM tpj.4o I DELUXE to IAO I ROOM f I CLUB A-i ftfl* I ROOM f IOU I Inclusive of breakfast and cocktail I All Are Welcome I Applicable Till Dec 94 I For Reservations call toll free *****09 (8 am 8
      111 words

  • 502 16 Reuter AFP WASHINGTON Facing a sanctions threat at the end of this month, senior Japanese officials returned to the trade negotiating table yesterday but American officials made clear no deals were expected this week. United States Trade Representative Mickey Kantor and
    Reuter; AFP  -  502 words
  • 424 16  -  From Teh Hooi Ling in CHENGDU SINGAPORE'S Minister of Trade and Industry Yeo Cheow Tong yesterday encouraged Singapore companies to invest in China's inland province of Sichuan before the window of opportunity narrows. He said there is tremendous scope for the manufacturing sector,
    SPH photo  -  424 words
  • 303 16 Reuter JAKARTA President Suharto told the government yesterday to curb rising inflation by holding down food prices, Information Minister Harmoko said. Mr Harmoko told reporters after a regular Cabinet meeting that inflation rose 0.87 per cent in August, compared with a
    Reuter  -  303 words
  • 256 16 Reuter Bloomberg Business News HONGKONG A Hongkong newspaper publisher has won permission to print its Englishlanguage daily, the Hongkong Standard, in Beijing. "This is history in the making," the Hongkong Standard Group's general manager, Jim Marett, said yesterday. "We are the first
    Reuter; Bloomberg Business News  -  256 words
  • 419 16 Bloomberg Business News WASHINGTON The productivity of American workers declined a revised 2.5 per cent in the second quarter the largest drop in five years as production costs increased, the Labour Department said yesterday. Productivity measures the time, effort and cost
    Bloomberg Business News  -  419 words
  • 337 16  -  From Lim Soon Neo in HONGKONG SINGAPORE won the favourite business destination award last night at the 1994 Business Traveller Asia-Pacif-ic Travel Awards while Singapore Airlines was placed ahead of competitors Cathay Pacific and Qantas as the favourite business airline. Changi Airport
    337 words
  • 798 16  -  The Bottom Line NEVILLE STACK NEVILLE STACK The writer is a UK-based journalist who contributed this commentary to BT. WHEN the reluctant suitor appears to be dithering on the doorstep, a shotgun wedding is a tempting solution. The declaration of policy
    798 words
  • 411 16 Reuter HANOI India and Vietnam, forging closer economic and political ties, agreed yesterday to cooperate in low-key defence areas such as training and servicing Soviet-made equipment used by both countries. The agreement was one of four signed by ministers and senior
    Reuter  -  411 words
  • 371 16 Reuter BANGKOK Thailand's central bank warned yesterday against the inflationary effects of unchecked credit growth, after ratcheting its bank rate half a notch higher to 9.5 per cent. Commercial bankers and Thai financial market operators said the rate hike by the
    Reuter  -  371 words
  • Page 16 Advertisements

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        39 17 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5 6pm yesterday. Chemight events may alter sentiment. Brokers polled Baring. Datwa. GK Goh. Morgan GrenfeH. Nomura. OngCo, Phillip and Smith New Court.
        39 words
      • Article, Illustration
        129 17  -  By Paul Leo Bolton Properties benefitted from rotational play yesterday. It rose IS cents to 52.53 on strong buying interest. Trading volume was 497,000 units, which is 4.S times the 10-day average of 111,000 shares. But investors are advised to be cautious and take profit soon as short
        129 words
    • 399 17  -  Frml Teh Hooi Ling SINGAPORE Bus Service will soon manufacture buses and coaches for the China market and for export as part of a joint venture signed here yesterday. The republic's leading bus operator yesterday signed a memorandum of understanding
      399 words
    • 487 17  -  By Ramesh Divyanathan SINGAPORE National carrier Neptune Orient Lines yesterday reported a disappointing set of interim results, caused largely by the strong Singapore dollar. Net earnings for the halfyear ended June 30 fell 27 per cent to $22.45 million, despite a 7
      487 words
    • 187 17 SINGAPORE Electronics fin Acma Ltd has the assets and operations of three AnstraSan rowpamrt for As 3 million (SS33 million) thrash its wholly-owned subsidiary Notron Ply LhL The company said in a statement yesterday that Notion was ■animated in Aastraia for the pnrpoae
      187 words
    • 219 17 SINGAPORE Competition in the cellular phone market is expected to be "hot" and the market is set to expand as demand is stimulated, Singapore Telecom executive vice-presi-dent (local services) BG Lee Hsien Yang said yesterday. BG Lee told an Asia-Pacific digital cellular mobile
      219 words
    • 643 17  -  HOCK LOCK SIEW By Anthony Rowley TOKYO Tokyo's Nikkei 225 stock average has gone into yet another tailspin as the government pumps out privatisation issues into a market which is already overfed with stock from sales by local and foreign investors and even by
      Source: Bloomberg  -  643 words
    • 398 17  -  By A J Leow SINGAPORE Lim Kah Ngam and Scotts Holdings walked away with winning bids that were about 15 per cent below estimated current market values at a state auction of two landed residential plots yesterday. Through wholly owned subsidiary
      398 words
    • 152 17 SINGAPORE Creative Technology has launched a plan to allow software developers to market products as being compatible with its Sound Blaster standard for personal computers. The programme is expected to cost Creative US$2 million (SS3 million) a year. Creative president and chief operating
      152 words
    • COMPANIES
      • COMPANY BRIEFS
        • 77 18 Bloomberg Business News SINGAPORE Pacific Century Group's takeover bid for Singapore's Seapower Asia Investments Ltd lapsed after the Hongkong company failed to gain control of more than 50 per cent of Seapower's stock. Shareholders representing just 0.09 per cent of Seapower's share capital accepted
          Bloomberg Business News  -  77 words
        • 53 18 SINGAPORE Goodman Fielder Asia chief executive Ken Boundy has resigned and will return to a position in Australia. Mr Boundy will leave the company in late November. He will join James Hardie Industries as executive general manager (international), based in Sydney. GFA said a successor would
          53 words
        • 86 18 SINGAPORE Osprey Maritime said it bought a second vessel this week through a 51 per cent stake in the 9,300 deadweight tonne chemical carrier Dan Dan for about US$lO million (Ssls million). The nine-year-old carrier will be delivered in October and renamed Osprev Sky. It will
          86 words
        • 45 18 SINGAPORE Singapore Aerospace's wholly-owned subsidiary, Singapore Aerospace Supplies (SA Supplies), has been appointed representative for Wesco Aircraft Hardware in Asia Pacific and the Middle East. Under the agreement, Wesco will house a consignment of aerospace hardware inventory in Singapore.
          45 words
        • 86 18 MBT KUALA LUMPUR Malayan United Industries will use part of the proceeds from the sale of the Mui Bank group for investment purposes in the Philippines. MUI had announced in July this year, that it intends to acquire a majority stake in the
          MBT  -  86 words
        • 65 18 Bernama KUALA LUMPUR Arab-Malaysian Finance Bhd posted a profit of MS 107.6 million (5563.1 million) for the year ended March 31, compared with Ms7B million in the previous year. The improved showing was due to a higher turnover of M 5720.2 million (M 5574.2 million in
          Bernama  -  65 words
      • 488 18 UNIT TRUSTS FUNDS HanajetV »rtc»s Sep 8 Mcndaki Gr Fund 1.21 l.24xd<4 Brt Tr Qf US Or Fund 1.01 I.M» Singap«eUnit Trust UM6 Invest Mgt Ltd The Savings Fund 1.61 1.70 Unifund 1.57 1.63 S'porc Prog Fund 0.72 0.76 Unibond 1.035 1.06 S pore See Fund 1.04 I.IOxd United Gr
        488 words
      • 461 18  -  From Leslie Lopez in JAKARTA THE Indonesian government yesterday ccnsurcd timber tycoon Prajogo Pangestu and warned that timber concessions held by his Barito group will not be extended unless the company restructures its shareholding to give stateowned agencies majority control. Forestry Minister Djamaludin
        461 words
      • 313 18 MBT KUALA LUMPUR Perusahaan Otomobil Nasional Bhd (Proton) has allocated an additional Ms 73 million (5542.8 million) for equipment to increase its production capacity by 25 per cent to 150,000 units per year. The company has started installing the extra equipment since late
        MBT  -  313 words
      • 338 18 Bernama KUALA LUMPUR Malaysian stockbroking firm TA Enterprise Bhd plans to venture into Sri Lanka, its executive director said yesterday. Speaking to reporters after the the company's extraordinary general meeting, Peter U Chin Wei said it was negotiating with a
        Bernama  -  338 words
      • 422 18  -  From Ho Kay Tat in KUALA LUMPUR WELL-KNOWN businessman Lim Geok Chan has sold his entire 31.8 per cent stake in beleaguered biscuit-maker Khong Guan Holdings (M) Bhd but is surprisingly staying on as chairman of the company. In an announcement
        422 words
      • 339 18 MBT Bernama KUALA LUMPUR Bata (Malaysia) Bhd's sale of its shoe manufacturing business and purchase of FCW Industries Sdn Bhd will enable it to participate in the more promising telecommunications and power cables sectors compared to the footwear industry. In a circular to
        MBT; Bernama  -  339 words
      • 390 18 AFP MANILA Share prices of oil-refining giant Petron Corp closed yesterday at 21.25 pesos, 136 per cent up from its initial offering price of nine pesos, in what the government said was a successful listing on the Philippine Stock Exchange. The
        AFP  -  390 words
      • 437 19 HONGKONG The euphoria which has swept the Chinese stock markets in the past fortnight is expected to be short-lived. The Eastern Express yesterday quoted an informed source as saying the government had decided to postpone two of the three measures announced
        437 words
      • 271 19 Bloomberg Business News TAIPEI China Airlines, Taiwan's flagship carrier, and Britain's Swire Group will invest NTS 1.46 billion (SsB4 million) to set up a catering company near Taiwan's biggest international airport. China Airlines yesterday said it would spend NT5744.6
        Bloomberg Business News  -  271 words
      • 297 19  -  Reports by Loh Hui Yin in BANGKOK GIORDANO, the Hongkong clothing chain, is setting up shop here to tap the growing affluence of middle-class Thais. Its Thai partner is the Srivikorn family, whose listed company Golden Land is due to sign
        297 words
      • 272 19 BANGKOK Clothing chain Giordano, whose colourful founder and major shareholder Jimmy Lai recently had a run-in with Beijing authorities over an article he wrote, says its troublesome China operations are turning the corner. The Hongkong-based company, through subsidiary Tiger Enterprises, has been losing money from
        272 words
      • 63 19 HK China Gas profit up 21pc Bloomberg Business News HONGKONG Hongkong and China Gas, the territory's dominant supplier of piped gas, said its net profit climbed 21.5 per cent in its fiscal first half ended June 50. The company said that the profit after tax and minority interests was HK5680.6
        Bloomberg Business News  -  63 words
      • 98 19 Bloomberg Business News SYDNEY Australia's largest food retailer Woolworths Ltd said profit in the year ended June 26 rose 9.47 per cent on a 14.2 per cent gain in sales. The grocery and discount chain store group said its profit rose to A 5200.1 million
        Bloomberg Business News  -  98 words
      • 76 19 Reuter PARIS French luxury goods group LVMH, purveyor of champagne. cognac and jet-set luggage, said on Tuesday its first-half profit leapt by 35 per cent as sales in recovering economies forged ahead. The group said provisional and unaudited figures showed a rise of 35 per
        Reuter  -  76 words
      • 37 19 AFP WASHINGTON A US trade panel decided on Tuesday to launch an investigation into a complaint by Japan's Ricoh Company that South Korea's Samsung Electronics distributed fax machines violating its patents. AFP
        AFP  -  37 words
      • 66 19 Reuter LONDON Cosmetics retailer Body Shop International pic, hit by allegations about its business practices and "green" credentials which appeared in a US magazine, has been supported by a leading research organisation that advises ethical fund managers, the Times newspaper said yesterday. It said
        Reuter  -  66 words
      • 173 19 Eastern Express HONGKONG First Pacific Company, one of the hopefuls queuing up to join the Hang Seng index when Jardine Matheson and its companies pack their bags, may have given its chances a boost by announcing an 81 per
        Eastern Express  -  173 words
      • 428 20  -  By S N Vasuki SINGAPORE Motorola -•Singapore, which is supervising the American telecommunication giant's entry into the Indian market, is confident delays that have hampered the introduction of paging and cellular phone services will soon be resolved. Company officials emphasised that
        428 words
      • 253 20 Bloomberg Business News WASHINGTON Levi t Strauss Co, the world's larg- est apparel manufacturer, is seeking US government ap- proval so it can operate its own retail stores, a move that could increase competition in the jeans business. San Francisco-based Levi has petitioned
        Bloomberg Business News  -  253 words
      • 131 20 Bloomberg Business News ARMONK, New York Metaphor Inc, struggling to contain costs and provide its current mix of software services, will merge with its parent company, International Business Machines Corp, later this year. In an Aug 18 memo to analysts, Chris Grejtak, president and chief
        Bloomberg Business News  -  131 words
      • 317 20 FT NEW YORK The New York Stock Exchange said yesterday its member-firms which do business with the public lost US$4O4 million (Ss6os million) after tax in the second quarter, a sharp decline from the US$l.5 billion profit in the same quarter of
        FT  -  317 words
      • 283 20 AP TOKYO Japan's securities markets will continue to lose business to markets abroad unless restrictions on commissions and new financial products are liberalised. The Conference for Securities Associations was responding yesterday to a series of indicators showing that business once conducted in Japan was
        AP  -  283 words
      • 228 20 Bloomberg Business News WELLINGTON Air New Zealand Ltd said net profit rose 36.6 per cent to NZ5190.6 million (S$ 172.9 million) in the year ended June 30, reflecting rising tourism and an increase in international passengers. While the earnings were an improvement
        Bloomberg Business News  -  228 words
      • 182 20 Bloomberg Business News DANBURY, Connecticut Bidding for Union Carbide Corp's 50.9 per cent equity stake in its Indian subsidiary closed on Tuesday, nearly 10 years after a chemical leak from the Bhopal chemical plant killed thousands. A Union Carbide spokesman said
        Bloomberg Business News  -  182 words
    • FINANCE & COMMODITIES
      • 234 21 Eastern Express SHANGHAI China plans to further liberalise its financial system by allowing banks to follow a loan-to-deposit ratio rather than the current quota system, Zhu Xiaohua, deputy governor of the People's Bank of China, said on Tuesday. The planned reform goes hand in
        Eastern Express  -  234 words
      • 230 21  -  From Neil Behrmann in LONDON GLOBAL fund managers have significantly raised their holdings of deutschemark assets in the past few months, according to Merrill Lynch. In its August Global Investment Survey, the investment bank said that the proportion of total assets allocated to
        230 words
      • 329 21 Reuter DUBAI Bahrain's beleaguered Arab Banking Corp BSC (ABC), is appointing a leading Saudi banker as its new chief to replace a Libyan who fell foul of US authorities, banking sources said. And the Libyan stake in the Arab world's biggest
        Reuter  -  329 words
      • SMALL CHANGE
        • 94 21 Bloomberg Business News WELLINGTON The Reserve Bank of New Zealand said its latest economic forecasts to be released today will include a technical change in how it forecasts currency movements. The central bank said this change contained no policy message and that investors would need
          Bloomberg Business News  -  94 words
        • 84 21 Bloomberg Business News SYDNEY Westpac Bank raised its housing and business loan rates yesterday, breaking three weeks of silence by Australia's major banks following the first increase in official interest rates in almost five years. Westpac said the variable housing loan rate would increase three
          Bloomberg Business News  -  84 words
        • 61 21 Reuter HONGKONG Thai Oil Ltd is arranging a seven-year US$l5O million (***** million) floating rate note to be launched later this week or next, market sources said. The issue, which will be callable after five years, will carry a coupon of six-month Libor plus
          Reuter  -  61 words
        • 57 21 Bloomberg Business News NEW YORK First Data Corp said Louise Parent and Michael Monaco have resigned from the company's board of directors. The company said it hadn't decided whether to replace the departing members. Mr Parent is the general counsel for American Express Co and
          Bloomberg Business News  -  57 words
      • 233 21 SINGAPORE An international futures conference, gala dinner and golf tournament will be the highlights of the 10th anniversary celebrations of the Singapore International Monetary Exchange this month. Senior Minister Lee Kuan Yew will be the guest of honour at the Simex
        233 words
      • 295 21 AFP TOKYO Japanese city bank lending fell again in August, depressed by lower capital spending by companies and weak demand for operating funds, the Federation of Bankers' Associations of Japan said yesterday. The federation said lending by the 11
        AFP  -  295 words
      • 280 21 Bloomberg Business News SAN FRANCISCO Visa International Inc and MasterCard International Inc yesterday said they had completed the second of three steps in setting a global standard for "smart cards" made with computer chips. The companies, which dominate the industry with about
        Bloomberg Business News  -  280 words
      • 460 22 Reuter SINGAPORE China faces mounting pressure to achieve a balance between surplus oil in and a shortage in the soufn as six months of policy changes have failed to remove the chaos in one of the world's fastest growing energy markets, oil industry
        Reuter  -  460 words
      • 221 22 Knight-Ridder HONGKONG Ports in the southern Chinese province of Guangxi have been closed to tin exports since August in a bid to restrict sales abroad, a source at state-run trading firm China National Metals and Minerals Import and Export Corp confirmed yesterday. The
        Knight-Ridder  -  221 words
      • 277 22 Bloomberg Business News WASHINGTON The Securities and Exchange Commission, in an effort to control mutual fund losses on derivatives, is considering a plan to cut the amount of money funds can invest in securities that cannot easily be sold. The new
        Bloomberg Business News  -  277 words
      • 314 22 Bloomberg Business News LOS ANGELES A jury ordered Chevron USA Inc yesterday to pay an additional US$3O.9 million (5546.3 million) in punitive damages to McFarland Energy Inc, assessing a total U5547.3 million judgment against the oil giant, a Chevron Corp spokesman
        Bloomberg Business News  -  314 words
      • 364 22 Reuter AFP SINGAPORE Mobil Corp has signed a memorandum of understanding with Indonesian state oil company Pertamina to begin a feasibility study into a lubricant oil blending plant in Jakarta. A Mobil spokeswoman said the plant could involve capital investment in excess of
        Reuter; AFP  -  364 words
      • Article, Illustration
        1276 22 t rode-weighted index cakulaled annul Spurt 's lop 14 irajinf partners Bate year 1981 USS/SS forward rates Noon Sep 7 s$ Bid Offer 1-month ***** 1.4999 2-month 1.4979 I.499J 3-month 1.4974 1.4988 6-month 1.4949 1.4967 Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am «a Sop 7 Singapore
        1,276 words
      • 292 22 Bloomberg ENERGY REPORT LONDON Crude futures extended Tuesday's gains yesterday amid growing perception of higher demand in the fourth quarter. At 4.45 pm London time, October Brent crude was 15 cents higher at U5516.48 a barrel, while the comparable contract in
        292 words
      • 192 22 Reuter LONDON The dollar was ending a little firmer on the day in Europe, helped in the afternoon by talk of lower German interest rates but held back by further weakness in the US Treasury market. Dealers said the market lacked direction, citing the 100tick range for dollar/mark recorded
        Reuter  -  192 words
      • 84 22 AFP NEW YORK The dollar posted light gains in calm trading yesterday, profiting from the Bundesbank announcement that it favours lowering its interest rates despite solid economic growth. Around 1400 GMT, the dollar was worth 1.5510 marks, from 1.5449 late Tuesday and 99.00 yen from 98.68. In London,
        AFP  -  84 words
    • COMMODITIES & FUTURES
      • 1299 23 Reuter SINGAPORE Simex Euroyen and Japanese government bonds futures ended higher on short covering. Dealers said the market was basically correcting upwards after the Bank of Japan's tankan business survey showed economic recovery but pointed to its sluggishness. Euroyen was also dragged higher by
        Reuter  -  1,299 words
      • 681 23 COMMODITY REPORTS KL Tin TIN rebounded 14 sen to close at M$ 13.40 a kg yesterday on higher prices in London and stronger consumer demand. Dealers noted initial bids for 149 tonnes against offers of 40 tonnes. Turnover settled at 64 tonnes against 74
        681 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 64 23 PARIS French oil company Total is negotiating to join a consortium to exploit Bolivian natural gas that would be targeted for sale mostly on the Brazilian market, chairman Serge Tchuruk said yesterday. While declining to provide details, Mr Tchuruk said the new project would
          64 words
        • 35 23 HONGKONG Malaysian is holding a private tender to buy 25,000 tonnes of US No 2 soybeans for November shipment, traders said. Offers were at around US$25/ (SS3B6) per tonne C&F.
          35 words
        • 82 23 JOHANNESBURG The Tarkwa gold mine in Ghana produced 42,271 ounces of gold in its financial year to end-June and returned a USSI.SS million (552.3 million) profit after tax, mine owner Gold Fields of South Africa announced. The West African mine is controlled by Gold
          82 words
        • 45 23 LONDON The European Commission is expected to licence exports for between 50,000 and 70,000 tonnes of white sugar at its weekly tender yesterday. The maximum rebate should be in the region of 38.10-38.11 ECU per 100 kg, traders said.
          45 words
        • 76 23 MOSCOW Russia will need to import corn, soymeal and wheat to make up for domestic shortfalls, Minister of Agriculture Viktor Khylstun said yesterday after a meeting with USDA Secretary Mike Espy. However, Mr Khylstun gave no specifics on how much grain Russia will import,
          76 words
    • 1375 23 Rubber sc P Stagapere Commodity Pkyskal Priem (Mar* dadag a* at S.3*m) SDhri As at 12 mm (S cents/kg) IBS 1 CMtract (S cents/kg) p. v 77— RSS 2 Oct 94 113 00 I M OON Month H..h Low S? (Immi) lntc££ RSS 3 Oct 94 ***** I82.0ON
      1,375 words
    • REGIONAL STOCK MARKETS
      • 1043 24 +0.8 A 2.4 PER CENT surge in the gold sector and strengthening resource stocks offset weaker industrials yesterday to nudge the market to a firmer finish. The All Ordinaries Index ended at 2,104.4 points, up just 0.8. The All Industrials Index dipped 12.0 to 3,007.5 while the All Resources
        1,043 words
      • 630 24 -46.16 Stocks fell in heavy trading as Petron Corp debuted yesterday, with strong buying interest in the oil refiner spurring profittaking in other issues. The PSE Index ended at 3,040.32 points, down 46.16. Turnover was 6.83 billion shares valued at 14.5 billion pesos. Petron accounted for 71 per cent
        630 words
      • 554 24 +65.46 Share prices regained 65.46 points to settle at 6,895.93 on the back of strong financial issues. Reversing two falls which had erased 121 points this week, the index was revitalised by strong financial issues, especially three banks run by the Taiwan provincial government. Hua Nan Bank soared by
        554 words
      • 444 24 •4.82 Share prices slid in erratic trading amid arbitrage sell-offs spurred by fears of rapid gains. The Composite Price Index shed 4.82 points to settle at 972.68, with turnover of 39 million shares worth 972.68 billion won. Falls outpaced rises 579 to 227 and 120 counters closed unchanged. While
        444 words
      • 313 24 -15.47 Stocks declined in reaction to rising interest rates and a lower-than-expected annual result from Air New Zealand. "The Air New Zealand result was a bit below analysts' expectations," said a broker. He said some investors in Telecom Corp and forester Carter Holt Harvey had sought to sell
        313 words
      • 74 24 -14.83 Stocks ended lower amid narrow fluctuations, despite being buoyed by news of a possible rights issue by Associated Cement Co (ACC). The 30-share BSE Index closed at 4,510.18, for a fall of 14.83 points. The 100-share National Index finished 14.69 lower at 2,121.60. ACC, the country's biggest cement
        74 words
    • WORLD STOCK MARKETS
      • 669 24 •1.5 Shares closed just below Tuesday's closing prices after another session dominated by bonds and the FTSE Index futures. "The funds have all got money but they're picking and choosing their stocks and their times," one trader said. "People do still want to buy the market but they're short
        669 words
      • 117 24 +2.75 French shares ended hardly changed after a see-saw day which started with gains of one per cent in a technical reaction to losses earlier in the week. But weak bond futures kept share prices on the ropes. The CAC-40 Index ended up 2.75 points at 1,964.20. Of CAC-40
        117 words
      • 167 24 +3.86 German stocks recovered in late trading amid a rise in car, chemical and engineering stocks and stronger bonds. The DAX Index finished at 2167.68 points, up 3.86. "We're sort of trading on the dollar and the bund here," said a dealer. "People don't really have any conviction, and
        167 words
      • 111 24 •2.46 Belgian stocks dropped for the third day with high bond yields raising long-term borrowing costs and making bonds more attractive relative to stocks. The Bel-20 Index fell 2.46 points, to 1,462.30, its lowest close since Aug 25. "With inflation at less Mhan 3 oer cent, logic teHf you
        111 words
      • 180 24 -82 Italian stocks fell for the seventh day running, as investors were unable to muster any optimism, given the risky state of Italy's public finances. The loss was underlined as it came in the face of a half- point pick-up in the Italian bond futures market as yesterday's Eu-rope-wide
        180 words
      • 249 24 +0.89 Dutch stocks closed mixed, reflecting similar performances on most major European markets, as investors searched for new signs of direction. The EOE Index gained 0.89 to 415.17 points. Advancers outnumbered decliners by 14 to 11, with Royal Ahold, Internationale Nederlanden Groep and Royal Dutch Petroleum Co leading the
        249 words
      • 120 24 +7.2 Swedish stocks closed higher, ending two days of declines,led by shares in power company Sydkraft. The OMX Index closed 7.2 points higher at 1,120.56. On Monday and Tuesday, stocks fell amid concern over which political party will gain a majority in parliament in the general elections on Sep
        120 words
      • 259 24 10.1 Swiss stocks advanced, lead by drug and chemical company Ciba-Geigy and Union Bank of Switzerland. The SMI-23 Index closed up 10.1 at 2,662.5 after reaching a high of 2,669. Fourteen shares advanced, two were steady and seven fell. The SPI Index of 350 stocks was up 5.35 at
        259 words
      • 309 24 -19.30 Canadian stocks were lower at midday amid growing concern the country's provinces could face cuts in their credit ratings. Dominion Bond Rating Service, one of the country's major credit rating firms, issued a report saying provinces are running on a "debt treadmill", in which interest on old debt
        309 words
      • 717 24 -17.16 Stocks fell as bonds slumped amid lingering concern that inflation will increase and prompt the Federal Reserve to raise interest rates for the sixth time this year. "Inflation could reheat as a significant factor once again," said an analyst. The Dow Jones Industrial Average fell 17.16 to
        717 words
      • 878 24 Britannia Fund* Mrrliai Ca»k BM Offer Mim Cap Deposit M *400 31 6500 Mini Jener Gilt -0.II9J 0.1992 Mim Mu Income *0.9000 "0 M00 UStCaak Income Plus Fund *9 5200 *100)00 PS S Reserve Fund *5 1000 *5 JIOO Sterliaj Euro Performance 0.4592 0.WI Far Fau Fund *2 7450 *2
        878 words
    • Article, Illustration
      2673 25 Bloomberg Business News HONGKONG Stocks rose to a six-month high on expectations that interest rates in the US and Hongkong won't rise again soon, analysts said. Expectations for steady US rates led investors to think that more people will buy apartments and housing developers will benefit, said a property
      Bloomberg Business News; Source: Bridge Info  -  2,673 words
    • Article, Illustration
      513 25 CLSA SHANGHAI B shares edged up 10.82 points to 930.58 on US$B million turnover yesterday. Dazhong Taxi shed another 3.6 per cent after Tuesday's 2.2 per cent on high volume. Rubber Belt closed 6.4 per cent up on low turnover. Shenzhen B shares were up 27.40 points to 1,209.53
      CLSA  -  513 words
    • Article, Illustration
      2448 25 Reuter TOKYO Bearish sentiment caused mainly by disappointment over the performance of shares in newly listed Japan Telecom pulled down prices sharply and the key Nikkei-225 Average closed slightly above the key 20,000 level, down 370.18 points, or 1.82 per cent, at 20,023.80. Yesterday's Nikkei close was a four-month
      Reuter; Source: Bridge Info  -  2,448 words
    • Article, Illustration
      1624 25 Reuter BANGKOK Stocks closed slightly lower on profit-taking of blue chips after strong gains on the back of a central bank interest rate rise. The SET Index closed 2.73 points lower at 1,532.41 on turnover of 14.08 billion baht. Falls led rises 218 to 86. "Blue chips, particularly in
      Reuter; Source: Bridge Info  -  1,624 words
    • Article, Illustration
      956 25 Reuter JAKARTA Share prices closed higher amid overseas foreign buying yesterday, but Barito Pacific fell soon following news that the government wanted nearly half of the firm in exchange for the renewal of forest concessions. "After the news, wham! Barito was strongly bid at 8,000 nipiah just before the
      Reuter; Source: Bridge Info  -  956 words
    • 2375 26 IMflWKfr. **-rm I r Asia Pat Ld 12.978,000 CASH 50c 8 070.000 Mulpha Inll 50c 7.564.000 Scl Drcdg 50c 6.467.000 •<« Set Properties 5,810.000 ft Lien Hoc TSR97 J.600.000 Ganda Hldgs 4.732.000 Muki-Purpose 4,648.000 Sn Hartamas 4,015.000 Idrts Hyd 50c 3.561.000 Menang Corp 2.958,000 I ml Oxygen Wl95
      2,375 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5853 26 Bloomberg Business News KUALA LUMPUR Stocks fell as foreign investors lowered ofFers on a group of blue chips. The Composite Index fell 9.09 points to 1,163.15. The broader Emas Index fell 1.88 to 339.54. A total of 405.8 million shares were traded, worth
        Bloomberg Business News; Source: Bridge Info  -  5,853 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7770 27 I Hiiiiii i mi m—n^—mi Cr Cr M »l 19*4 La* V«l Day Last QaM Df. Di> VM Nd Cap _Af High Law r —I —y SaVr High Ln Iqn Seller CV P'E *"ll Price H0WT1AL AND COMMERCIAL 1440 in II.AC 983 J W5 985 9.0 985 ITS 47 II
        7,770 words
      • 1742 28  -  By R Sivanithy SINGAPORE Local stocks made a minor attempt to extend the late gains made on Tuesday, only to be abandoned as weakness in Malaysia led to an across-the-board correction in prices. The Straits Times Industrials Index again found the 2,350
        Charts by Bridge Info; Source: Bloomberg  -  1,742 words
  • Page 17 Advertisements
    • 202 17 NEWS VALUE How today 's news might affect your slocks S'poie Ksted companies set to gain from Man deals (pg No immediate impact on stock prices. But longer term picture is positive as India is one of the fastest-growing markets. S'pore and some E Asian states to lose access to
      202 words

  • Page 18 Advertisements
    • 115 18 Dividends table has been held over *^B ■MKLLUMHH fl GRAMMY AWARD WINNER *srfft V Appearing September 12 at J8 Eur opa East Coast t »<%. Take a nostalgic trip back to the 70s and 80s with classic Top 10 hits such as Seed IF V jfll o// ifl AN ANCHOR
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  • Page 19 Advertisements
    • 57 19 I 4a "mm i i|* i wed.dm'tjust VV jjjJ ~m >"— J.. CAPTURE HIM ON >J& 3p Isf! i»"i |S| FILM. WE ALERTED fl I. Mil police so I they S Hj aHiH I IjSk 9 HH^B ;jP| m| Chubb ir* 5 T H|B IBEB I security systems EBfiß H^>
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  • Page 20 Advertisements
    • 717 20 __^^H > t l IniiriflLJ li^^l^Hdl JBbHL W£ NEXT The Tanjong Pagar Conservation Area Ilea within the Chinatown Hlatorlc District It la an area rich in hletory and culture. The Government la reviving It through URA'a conservation J FfjU 1^^ v y programme. Part of the conaervatlon programme la the
      717 words

  • Page 21 Advertisements
    • 317 21 TOP PRIZES: A 7D/6N French Riviera Holiday plus a to the I ral r=ll fWlc rjli y/I H Monte Carlo Formula I Grand for two. I TB H IM H Fly Air France to Paris and Nice plus an exhilarating IH I [gl ill II H II ride from Nice
      317 words

  • Page 22 Advertisements
    • 149 22 The Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA) The Law and Practice of Company Meetings in Singapore Wednesday, 14 September 1994 Hotel Plaza 7500 A Beach Road Singapore 0719 This informative seminar is a must for company secretaries, chairmen and directors of public listed and private
      149 words
    • 49 22 You may have been unable to get your Busineea Times, Straits Ttmee. Sunday Time*. UanHe Zaobao and other daily newspepers from your usual newsstand becauee of the higher demand lately. To ensure a daily copy, cal Customer Services Section on 1800-749-2577, and ask for home or office deftvery service.
      49 words

  • Page 23 Advertisements
    • 50 23 Any Job. Any career. Uuil, t nartek fr doce jebs.l Jj -fre* J Available Any Day. f"lfce Exoubw Houieiwpc WelT* Any Time. Anywhere. THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER LIANHE ZAOBAO LIANHE WANBAO Shin Min Daily News Berita Harian Berita Minggu JT Singapore Pr— HokMng*
      50 words
    • 40 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the fines to get the KJ picture. Companies Martets. Everyday. BQsinessDmg"
      40 words

  • Page 24 Advertisements
    • 29 24 V Ptaget Boutique and Service Centre -r? 1 *01-01 Mandarin Shopping Arcade, The Mandarin Singapore, A 333 Orchard Road, Singapore 0923 Tel: 732 6831. 'jfc JOAILUER EN HORLOGERIE DEPUISIB74
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  • Page 27 Advertisements
    • 74 27 SINOAPOKI THE HOUR GLASS Takashimaya Shopping Centre Tel. *****20 Lucky Plaza Tel *****62 Scotts Tel. *****27 Centrepoint Tel. *****98 Peninsula Plaza Tel. *****09 Raffles Hotel Tel. *****41* World Trade Centre Jf^Sstn£tTet *****51 Changi Alport Terminal 1 (West Wing) Tei *****60. Terminal 2 (South Wing) /II Tel. *****81 MALAYSIA THE HOUR
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  • Page 28 Advertisements
    • 46 28 II Contemporary Feel five-star the new comforts and touches of flawless service. Hyatt Regency shimmering l°hor two-tier pool Bahru. crowning fragrant gardens. Innovative world class menus that inspire hearty appetites. Business resources that nurture effortless results. Feel the Hyatt Touch. Now Open IfPf 13BSBS W^M^M.» 3^JH^a
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    • 9 28 Personal Finance and Investment, every Saturday in Executive lifestyle
      9 words

  • Shipping Times
    • 305 29 Mitsui, APL, Nedlloyd, OOCL hope to achieve economies of scale Bloomberg Business News Four of the world's largest shipping companies said on Tuesday they have signed agreements for an alliance on trans-Pacific cargo services. They are Mitsui OSK. Lines Ltd of Japan, American President
      Bloomberg Business News  -  305 words
    • 388 29 Reuter LONDON Ships which now appear on radar screens only as blobs, although perhaps polluting waters or causing accidents, could be identified if a new compulsory automatic system is adopted, British officials said on Tuesday. In a statement British Transport Secretary
      Reuter  -  388 words
    • 389 29 Reuter BLACKPOOL, England Britain's Swan Hunter shipyard, which launched some of the world's most famous ships, was hoping a new bidder would throw it a lifeline on Tuesday after a French shipbuilder withdrew from takeover talks. Constructions Mechaniques de Normandie (CMN) said in a
      Reuter  -  389 words
    • 203 29 SINGAPORE American President Lines (APL) will spend US$l6 million (SS24 million) to expand its marine terminal in Dutch Harbour, Alaska. The Oakland, Californiabased carrier said it had finalised plans to increase its marine terminal from 2.8 hectares to 4.S hectares by signing
      203 words
    • 818 29 Page Col Accord Group 8 1-3 Ahlers Lines 13 3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 AvantShpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line, The 9 5
      818 words
    • 254 29  -  By Alec Almazan SINGAPORE The Singapore Polytechnic Maritime Technology and Transportation Department has upgraded its GMDSS Maritime Distress and Safety SystemJ laboratory with the purchase of a $60,000 simulator. The locally-manufactured GMDSS simulator will be officially launched during Singapore Polytechnic's marine technology fair Martech
      Photo by Chris Loh  -  254 words
    • 1428 30 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,439 on Tuesday from 1,450 on Sep S. Much of the Panamax activity has been confined to the Far East where rates have firmed, broken said. Rates modern large Panamaxes are hugging the high USS 10,000
      1,428 words
    • 13037 38 This is a list of ships loading at Singapore for ports around the wortd. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      13,037 words
    • 3312 43 .A.BC Containerline NV: Belsin Shpg Agencies Pte Lid (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Lid (SVAccord Contr Line (PK/PN). Adkris Bnims Corporation Philippine Cahourcc Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service Kim Shpg Trdg(S). Albatros Sea-Air Service: Krai a Shpg Pte Ltd (S).
      3,312 words
    • 278 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716, *****80. Airswitt Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Uak Inter national Tel: 344-3377. Fax: 345-6450 Ouster Link Supplies Services
      278 words
    • 1500 43 Abex Express Knight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aeroliak Freight International Tel: 545-8033. Fax: *****05 t5°54M911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air Market Express
      1,500 words
    • 2749 44 ALBANIA Dunes: Three vessels in port of which 1 discharging machinery, 1 bagged sugar, I bagged cement, 1 vessel waiting in roads to load ferro chrome. ARGENTINA Santa Fe: No vessels berthed, none in roads. Diamante: No vessels berthed, 1 barge due. San Lorenzo: Six vessels berthed of
      2,749 words
    • 869 44 CRUISE FERRY SCHEDULES CRUISE SNIPS Arr Pep NwofVcutl ETA ETD Pom of Calls Port Agent Telephone No SEPTEMBER 09 09 Renaissance 2 1000 1930 Cruise to Nowhere Lines Int'l Holdings 224-2763 09 09 Deinn Star 1200 2100 Cruise to Nowhere Harpers Shipping 221-1388 09 09 The Empress 1300 2030 Cruise
      869 words
    • 664 44 SHIP SALES TANKER RATES WE have seen very little signs of any serious slackening in the market during the normally quiet summer holiday season however with many people now returning to their offices it is noticeable that the pace is beginning to pick up further, with fresh tonnage appearing on
      664 words
    • SHIPS IN PORT
      • 516 45 HmI tgjj> fcrtti UnkM fcggfcr« Html fry* Bortfc fatal IMH Part una OlMe W7 4NP* 5222 d-Z— 09/02/94 B *«udf OS.09/2300 Y Nan* 010 W1A 25"2/iSSS S»«aS<te* 4054 117/11 Awpdi 08.09/2100 Ba»* SpMd A1094* W1A (JMM MMMOC Cydoouj 9401 M/S Mp* 0109/0(00 B*m Spaad ****** WW ®2,SSS
        516 words
      • 1387 45 RECEIVING OF EXPORT Fa CONTAINERS AND LCI CARGO RECEIVING OF EXPORT Fa CONTAINERS AMD LCI CARGO Record Bookmf/Bibnco RsKs SNp Voy No Etb/Btr NrM From To From nua 09/2000 1A 07/1500 07/1659 07/1900 059 IB 07/1500 07/1659 07/1900 3 00/0700 08/1159 08/1400 4 08/1200 08/1*59 08/1700 v, 1-.
        1,387 words
      • 988 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        988 words
      • 525 45 Mb Sap 1 tarty Niter Ktadui Mi MhMot SiAnal M/M Exxon KG/WP3 %V/V %M/M %M/M PW mrtwf SO/Cknc 1Mb Spec E25 991 10 15.0 0.10 30* 010* Spec G35 991 1.0 18.0 0.15 30* 0.10* NvtanEmpe 180 Aw 980 12 13 0 0 05 9 0.02
        525 words
    • 1279 46 Shippers fear bureaucratic overkill if trade agreements such as the Trans-Atlantic Agreement are allowed American Shipper THE ONLY thing new about the revised TransAtlantic Agreement is another step towards a European version of USslyle regulatory bureaucracy, shippers claim. In testimony during a hearing Ifeld
      American Shipper; Source: Orginal data from TAA aggrements  -  1,279 words
    • 242 46 COURSES Title: International Freight Forwarding I (SDF 70%) Duration: Sep 15-Nov 24 (11 evenings) Organiser Singapore Freight Forwarders Association Tel: For more information contact SFFA Secretariat at 253-7550 or fax: 253-2303. TWc lATA-FIATA Basic Air Cargo Rating Duration: Sep 19-24 Organiser International Air Transport Association Tefc For more
      242 words
  • Page 29 Advertisements
    • 21 29 2 New Services to Far East RTA Arriving Wed to Pusan Incheon lAX Arriving Fri to Tokyo, Osaka Yokohama Hotlfag 326Q23Q
      21 words
    • 26 29 Unoa ami MrvtcM ropraaontad by Mamhara of «m fWaWry of AcaodWod Shipping Agonta, Singapore National VvKw/l Shipping Aaaodaion. For adrartfe** enquiries, contact Shfe** Times. Tel 740-2089/740-2090
      26 words
    • 336 29 the jg FAMOUS J** 1 Canon BESBDII 224 1833 For more information please refer to Pg. li A Federal Maritime Commission in Brussels? Page 18 Singapore Aerospace to make second appearance at Farnborough air show, Back Page /•Mr® THE MARITIME LAW ASSOCIATION OF SINGAPORE 5 presents Ist International Conference on
      336 words

  • Page 30 Advertisements
    • 1952 30 i k k Jll >^^^^^TTB^W^^^^B^WTXJ^WT^^^^T7^WT?TTTS»¥^^^M < t »/il MiM B H t', IJII ;BikB».LVJimHM lUI 1,-T^^— IHJm M J^^K^Eu£yWMluuUL9lC&Bjyuyy|k|lKu^^B^!nnMVHMMMß|ipiß^BHf!fl!VVlßH^|^^^^^^^^^^H* import.... J Whtlt ftumUflß 1 I^HH^H I I 1 ww MY STOK LA OM VCI BA DB. HOUSTOM CMC MT KXKO OTT KHa ITOK MEMOS MB MWTIMIO MP B HMO MWW
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  • Page 31 Advertisements
    • 1547 31 ooct (i > m LTO JAMXMC shipping aocmcms JAnottM ww >ma AOKNCM »of«. mm>. 42 805 5^1 DOC UMENT ATK3N TEL: *****55 (INWARD>/*****90 (OUTWARD) FAX *****14 (OPNS) SI tou£ ""-"C e igjgr&.u sb^Uwissssgg 1 5? Dedicated to Quality Service B^chBoaS park bl tb.?3S»i? fax. 2213M2 ama m wdostuo tow war
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    • 1786 31 CALLING VOSTOCHNY/VLADIVOSTOK/NAKHODKA LINDOE MAERSK V.9409 MAERSK TACOMA V.9414 yaM VO* ETA rro F—d»id by DESmATIONS Nut «Mt MARCMEN MAERSK V 9409 I cv—tv« ono »«s crt wot rse» mm joh lpk pew oak lob spo mem ah ma cms sal pml hyc tor MARCHB* MAERSK MM 13/09 14/09 13/0* 10/0*
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  • Page 32 Advertisements
    • 1401 32 AQABA ROAM/ LE ALSO ACCBPTMO OIOM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BUBO A'WERP HAVRE WEST MALAYSIA KAGA 37/13S 6/9 24/9 27/9 2S/» Port Kotonfl. Pononfl STUTTGART EXPRESS 05/335 10/9 19/9 26/9 26/9 1/10 3/ 10 5' <0 P k KJRISHIMA 06/136 14/9 01/10 04/10 02/10
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    • 551 32 AFGHANISTAN MAM Afghanistan Ltd, Hairatan, Torghundl, Islamqala (Doqharun) C.1.5./RUSBIA: voaoodwy, vnawia, Knew, Baku, TaaMnat, MmMk. Alma Ala, Aahfabad, DmOawtoa, Uav N Korea: Pyongyang, Nampo Mongoia: Ulaan Bator LCL TO CIS EASTERN EUROPE BBiwAFOTSr r VEBBCL BIN DKR Nad Africa V.2314 13/9 13/10 Bunga Patangi V.2324 20/9 20/10 Ned Asia V.2334
      551 words
    • 1214 32 I NORASIA I NORA9A MUMIM 1435-3 10/00 30/01 08/10 01/10 00/10 00/10 00/10 07/10 OVIO fN I NOMSM M.-MMMOOMN 04J0-3 10/00 05/10 00/10 10/10 13/10 14/10 11/10 12/10 10/10 ifN I SL PMH 437W 10/00 00/10 10/10 11/10 00/10 10/10 10/10 11/10 11/10 W/t0 I NORASIA HONGKONG *430-3 20/00 13/10
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  • Page 33 Advertisements
    • 1167 33 STRAITS SHIPPING PTE LTD mam mad 10 Ho« CMong Road #11-01 K6ffo< Towors pacwc LINI MERUM »1U KK, Sun. Taw 84-47 Sap 07 5* MSw cc. iCi f»T»W" c •tßvici <■_ '«»u nc ju.«» ,CO. MKI N-30 VO2E Hwi, Lab. KK Sap 12 Sap 13 Sap *****13 MMX VI4C Muara,
      1,167 words
    • 2540 33 P&O Containers P*oC^nutfera(SlnK»p«reA«eM:l6>)PteLM nrAni 10 Hoe Chiang Road #07-01 Keppel Towers, Singapore 0208 First (laaa Connections WORLDWIDE crn 25 Sr 3 imto^oootc 3 64 pnocsp Fax: re> sxn/m 7517 VEIUI VOY •mo -Mt is |«OU ANT g* VOY ZEE OOT ROT HAM BRE BOU LIM ALO JCO F55 ft* *MM
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  • Page 34 Advertisements
    • 563 34 iflk EKA JAY A AGENCIES \lbf TEL: *****22 LINES) FAX: *****05 SALES REPfIESCNTATIVES IN CHAROE > TO VIETHAM/HCMC COffTAiMW-ITOPtII CENTEIR-POINT «t«i WT IHITMI WT tM KMC rw mmt mm »H UJI a. UM UJI ai ftim nun am aja HO CHI MINH GEN AGENT: CENTER-POINT LINES T«fc 84-S-*****5/*****5 Fax: S4-S-*****5
      563 words
    • 1210 34 OHANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 rat m r»T|IOE HAUL SEA YN W FN VSL SSI |UK HAUL SAV IM NYC HAMM OAKLAM) 0271 16/9 OOECT 0/10 0/10 9/10 HAMN SIBAN 14X 17/9 M. MUtCA 017E 20/10 21/10 22/10 HAWM VMtCOUVU OIK
      1,210 words
    • 1131 34 d m-T3a^Ml I NiviKiKiuMHiaißiimuiHHiTcwMHiiriKniainii w*| i eoK ■wi 1,1 u/i »/i 17n zvi 21/1 */i l/u u/u zvu v/w zvu vu vii 1/11 u/n 11/ un/i• l/u vu 7/bB t tomi 14/1 ZV! H/1 Wi W/l 1/14 VM Vl* VU 7/U VU 11/11 1/11 VU VU IVU IVU IVU 17/11
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  • Page 35 Advertisements
    • 1380 35 JXFQ I HUMBER BRIDGE ETA SGP 10/09/94 II I lw oak vah mt atl ccc cle clb pal pet hoc mm sob nyk ru> to* CALIFORNIA LUNA 68E 14/09 01/10 OS/10 O<VlO 06/10 07/10 o*lo o*lo o*lo 06/10 06/10 06/10 06/10 07/10 06/10 o*lo 11/10 imp N CALIFORNIA SATURN ME
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    • 508 35 (J) HEUNG-A SHIPPING I KOREAN FLAG) H l wMBAVtc i tMijHwl'wMl jtT I m»\ pus |«cj ww immimMmkmimrtm sum d 143SW 04/ a» w/w is/w 13/w am 2i/w nm n/n wo 7 oamm mm n/u ow 11/w iyei »/e> chotmk saw V W43t m/w u/e» li/w i7/e» a/e» nm a/e»
      508 words
    • 858 35 o MULTILINE SHIPPING PTE LTD ■V (a member of SKSOV Group) CR NO: **********0 C ENQURES: *****33 jT N. BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 ifrv BLASCO: INWARD *****65 OUTWARD *****2S T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS:
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  • Page 36 Advertisements
    • 1210 36 AS AGENTS: LINE (S*KAM«) PTI LTD K T TEL: *****77 TELEX: KAWAKI R*****5 FAX. *****16/ 7/B/5# i L/INE MALAYSIA: £r«sr«sa.-» o.«»««. I Mrnm INDONESIA: P.T. SAIAMA LAUT MTOMUSA. TEL: JKT *****08 r sktst w ™p£lBK?&i a u z %< z, r EgS* !F IT: 5 jl/# TOUTO BMJGt S3 1/9
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    • 743 36 ©APPENSHIP /g\ i HAMBURG WV CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST KSELS LOADMG PORTS DCCHMGt LOAWNG FOR •UIMCAM I AMTW 03/9 IMPORT CAJJBtAM PMItIM VENTSPH.S 06/06 HAM 06/06 ANTW IJAM P OUOANQ IJAM SPORE ISAM 4 tPK RIGA ISAM KLAIPEDA 24/06 HAM 26AM
      743 words
    • 524 36 /Wa GOLDEN LINEA KG GV GUAM GUAM SHPPMG J \BS»X\ (PTE) LTD 23. I<M km t»nn msmm iim ia 5343 M* (II UMS) fm ***** M <a n». mmmmm) imiTt/mumi oplf Rnmci S par* f. Mai* Pema^ GOUXN SIM feracta/Osta/Kinm 14/11 U# aXOCM HMNtST Karachi/Dwt*/*«■■< 2/4 Oct cmumvwi Mi CMMK
      524 words

  • Page 37 Advertisements
    • 803 37 assgftff PACIFIC INTERNATIONAL LINES (PTE) LTD^ 140 Cecil Street. #03-00 PIL Building. Singapore 0106. SSS6SSSS CHNO *****6 ***** C I VESSEL VOY SIN CMS JW MOO J€D AQJ ADe ZU "J* HOT A WUAYA WJA46O 0/t 13/» 10/0 1/1® "J* Q M/1Q M-. KOTA BfRLIAN BRL2IP 1»/» 23/« 30/» 2/10
      803 words
    • 947 37 wmu wr SM I II H*m wwuit THOMH OOTTEROM* miwtw mu ot Tuc*m> uosw m/oi w/w «*/"> m/io <*/io o»/n Wilt DC au LOSW 14/00 00/10 0»/>» »»/I0 10/10 »/10 Will PC CABOM COMI 20/00 12/10 13/10 *«/"> >»/>« YB.LI DC MUM* MM 27/01 19/10 20/10 22/10 23/10 25/10 I
      947 words
    • 549 37 M MYANMA m FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S port P.KIf Pan P Gd| HP* AN V2O4W 09/10 S*p In Pt MYOMATNA Vls3* 11/13 S«p 15/17 Sap SJTTWE V64W 28/27 Uf> MALAYSIA AGENTS; BOUSTEAO SHPPMG AGENCSS KUL 111 03 *****00 PKL: TEI 03 300(7(7 HN:
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    • 246 40 DIRECT BREAKBULK/CONTAINER SERVICE TO MANILA MV. "KYOWA ROSE" VOY 96 ETA 20-9-94 (HEAVY LIFT AVAILABLE UP TO 30 TONS) smgmmk SEAWAY SHIPPING PTE. LTD. VAT Ag (GENERAL AGENT) NATVKEST CENTRE *1583. SPORE 0106 TEL 221/933 FAX 2263(53 TLX R*****8 PORT KELANG CU.FSMP AfiENCCS SON M TEL 03 *****70/1 FAX 03
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  • Page 41 Advertisements
    • 746 41 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 12/9 ROTTERDAM 12/9 AARHUS/COPENHAGEN 12/9 HAMBURG/BREMEN 12/9 MARSEILLE/FRANCE 13/9 FELIXSTOWE/UK 12/9 BARCELONA/SPAIN 12/9 LEHAVRE/FRANCE 13/9 GENOA/ITALY 12/9 ANTWERP/BELGIUM 12/9 LOS ANGELES/WC/H 16/9 SYDNEY/MELBOURNE 09/9 NEW YORK/EC 16/9 FREMANTIE/ADELADE 13/9 VANCOUVER 1679 BRISBANE 1079
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    • 190 42 SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD in ii« n» srag ratr hums rtwws RUE MIX 21/1 iMdMC 1o» Malt RUVN HUH IS/9 LokJIOJ tw MM OOIfHA 15/1 12/1 loidint Fw Male now* SWKW 24/1 iMdmf for Male UMftC* 14/1 loadnt for Male pmwkss uk*it s/i n port
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  • Page 46 Miscellaneous
    • 406 46 TODAY'S TIMES (height in metres) HOUR MOO 01M 02M 03M MM OSM OCM 07M MM 09M lON UN 12M 13M 14M ISM IMQ 17M IMC IMQ 20M 21M 22M 23M 3.1 3.1 2.1 2.2 1.4 0.9 0.5 l.( U U II U 2J U 2.7 U U U U U
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  • Page 47 Advertisements
    • 808 47 —ri —o t HYUNDAI II I MERCHANT I WESTBOUND TO EUROPE BKG: 32«0<61 \~mr» mo* OU Wt SN St* LEH* HAM WEJ FR_ «ni T5755 5751 02/10 13/10 02/10 02/10 04/10 07/00 09/00 10/09 J, /10 10/10 09/10 09/10 11/10 14/09 10/09 17/09 gjj »/09 14/10 IS/10 15/10 10/10 10/10
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  • AIR AND LAND TRANSPORT NEWS
    • 255 48 Reuter FARNBOROUGH, England The civil aircraft division of US aerospace group McDonnell Douglas Corp said on Tuesday it was in the market place actively seeking buyers for its new MD-95 100-seat aircraft, intended as a DC-9 replacement. The group poured scorn on
      Reuter  -  255 words
    • 517 48 Farnborough air show Reuter FARNBOROUGH, England Airbus Industrie on Tuesday announced a big new order but the outlook for civilian aircraft manufacturers remains cloudy despite glimmers of hope at the Farnborough air show. The four-nation Airbus group, arch rival to market leader Boeing, announced
      Reuter  -  517 words
    • 254 48  -  By Ramesh Divyanathan SINGAPORE Singapore Aerospace (SAe), the aerospace arm of the Singapore Technologies Holdings, is participating in the 10th Farnborough International Air Show in the UK. SAe said this is its second time at Farn bo rough, one of the oldest and most
      254 words
    • 278 48 AFP PARIS Air France on Tuesday announced plans to create a large carrier starting in 1997 to merge its own activities with those of domestic affiliate Air Inter in a bid to compete better in deregulated European skies. The announcement was
      AFP  -  278 words
    • 88 48 Bloomberg Business News FARN BOROUGH, England British Aerospace pic chief executive Dick Evans has warned unprofitable airlines that aerospace manufacturers are not going to continue supporting poor-perform-ing airlines with old methods of financing, said the Daily Telegraph on Tuesday. Mr Evans was referring to the common
      Bloomberg Business News  -  88 words
    • 92 48 AP BEIJING All Nippon Airways Co Ltd, a major Japanese airline, expects heavy demand for its new flights between Osaka and Qingdao in China's Shangdong Province, the company's president said on Tuesday. President Seiji Fukatsu said ANA chose Qingdao as its fourth Chinese destination
      AP  -  92 words
    • 97 48 Bloomberg Business News LONDON The US Consumers' Union says cost-cutting airlines are saving millions by alternating between fresh and recycled air in cabins to the discomfort of passengers, the Guardian said on Tuesday. The wide-bodied jumbo Boeing 747-400 earned hidi marks in fresh air tests,
      Bloomberg Business News  -  97 words
    • 101 48 Bloomberg Business News LONDON Britannia improved its pay offer to its cabin staff, alleviating somewhat the potential for a strike action, the Financial Times reported on Tuesday. The UK's second largest airline offered staff a 3 per cent rise on basic pay this year, with a
      Bloomberg Business News  -  101 words
    • 93 48 Bloomberg Business News AMSTERDAM KLM Royal Dutch Airlines NV said oh Tuesday it transported 8 per cent more passengers, freight and mail in August than a year earlier while production rose 6 per cent. The Dutch carrier's passenger load factor rose 81.1 per cent in
      Bloomberg Business News  -  93 words
    • 72 48 Reuter FARNBOROUGH, England The US General Elect ricCo's General Electric Aircraft Engines and CFM International said on Tuesday they had signed an agreement with the Civil Aviation Administration of China (CAAQ to establish an aircraft engine maintenance training school in China. The centre,
      Reuter  -  72 words
    • 226 48 Bloomberg Business News WASHINGTON A proposed marketing alliance between Continental Airlines Inc and Alitalia SpA won tentative approval on Tuesday from the US Department of Transportation. Called code-sharing, the alliance will allow the airlines to sell each other's tickets. They can
      Bloomberg Business News  -  226 words
    • 1302 48 eg nm ra nm n»_ as nm ra nm DL Afca MmM Gf 146 1120 GF147 1850 rrrrr rrrr GA96S 1130 0—yA— Vj803 2045 SQ804 1145 SQ441 1505 B—d VN741 1310 VN740 1410 ***** !®i® Maty* MI893 1810 MB94 1430 MataMa Qf81 1925 QF82 2055 TG407
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    • 166 48 Reuter DETROIT General Motors Corp said on Tuesday it is continuing negotiations to assemble Opel cars in Thailand but declined to reveal details on the project. GM spokesman Michael Meyerand said the car maker first disclosed its plan to produce cars
      Reuter  -  166 words
  • Page 48 Advertisements
    • 77 48 ^@<|.=-<\.[%%-]~^)\{+[|\?\&[@,/ Two (sister) general cargo vessels available for immediate sale. 1970 Europe built, 1960 dw, 2660 m 3 bale space, 3 x 5 ton hyd. boom, 9 kn, 3.5 t/day. Particulars believed to be true but not guaranteed. Interested buyers please contact: PT. Samudera Indonesia Ship Monooomofit, Fax: 62-21-*****8 1
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