The Business Times, 22 September 1994

Microfilm: NL19581
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    13 1 SINGAPORE Business Times WE KNOW ASIA MITA(P) 010/12/93 Thursday September 22 1994 75*
    13 words
  • Article
    Lock icon Possible Balkan pullout
    42 1 Reuter UNITED NATIONS Secre-tary-general Boutros BoutrosGhali yesterday ordered contingency plans for the withdrawal of the 40,000-strong United Nations operation in the Balkans should the arms embargo be lifted in Bosnia and the war intensify around so-called safe zones. Reuter
    Reuter  -  42 words
  • Article
    Lock icon Power cut at Russia's N-missile centre
    42 1 AP MOSCOW Power was temporarily cut yesterday at the command centre for Russia's nuclear missiles, apparently because the facility had not paid its electric bills, said the Strategic Rocket Forces, which' oversees intercontinental ballistic missiles. AP
    AP  -  42 words
  • Article
    Untitled
    157 1 Stock Market Mhw Wednesday Change STII 2,289.69 -6.52 KLSEComp 1,191.14 +5.49 Nikkei 19,885.38 +48.11 Hang Seng closed SET Index 1,531.98 +1.93 Jakiuta Comp 517.08 -4.64 CLSA China B closed Auat AllOrd 2,026.6 -18.5 FTSE 100 3,014.8 -22.5 Wednesday Pre* loos 2pm close Dow Jones 3,835.45 3,869.09 Aiwfi •tpri m» or
    157 words
  • Article, Illustration
    Lock icon Twin-cabin truck distributors face million-dollar losses
    550 1  -  By ramesh Divyanathan SINGAPORE Distributors of twin-cabin pick-ups and trucks have been stuck with hundreds of vehicles and, in some cases, face million-dol-lar losses five months after a ruling that raised the registration fee and road tax on such vehicles. Tan Chong Motors, which
    Photo by Chris Loh  -  550 words
  • Article
    Lock icon US shares plunge again on renewed rate fears
    412 1 Bloomberg Business News Reuter NEW YORK Stock prices extended their fall yesterday as market gloom deepened at the prospect that the inflationfighting Federal Reserve would raise interest rates again, possibly as soon as next week. Analysts said investors feared the Fed would
    Bloomberg Business News; Reuter  -  412 words
  • Article
    KL bucks trend as caution rules in Asian markets
    137 1 SINGAPORE Caution reigned yesterday in the region's stock markets, except Malaysia, following a massive 67-point overnight drop in the Dow Jones Industrial Average. In Singapore, traders greeted the overnight news negatively, driving down the Straits Times Industrials Index by 16 points
    137 words
  • Article
    Lock icon Thai bourse threatens to blacklist firm if Khashoggi gets board seat
    344 1 AFP BANGKOK The Stock Exchange of Thailand (SET) has threatened to blacklist a Thai company if Saudi arms dealer Adnan Khashoggi sits on its governing board, a senior SET ofticial said yesterday. The official, who asked to not be
    AFP  -  344 words
  • Article
    Ministers agree to shorten Afta time-frame by five years
    518 1  -  From Yang Razali Kassim in CHIANGMAI ASEAN has agreed to bring about a full-fledged Asean Free Trade Area (Afta) five years earlier, a move which holds considerable benefits for intraAsean trade. Asean economic ministers, following a meeting of the Afta Council
    518 words
  • Article
    Singapore's electronics trade set to top $100b this year
    337 1  -  By Claire Leow SINGAPORE The nation's trade in electronics would grow 5.2 per cent to cross the $100 billion mark this year, the Minister of State for Trade and Industry and Communications, Goh Chee Wee, said yesterday. For the first six
    337 words
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      176 1 CERRUTIIBBI SWISS WATCHES Time is on my side STpa? Nm 2 5pwfr55T.21.22.23 Report Item 3.4,5 Fnancal 25,26 NmW News 9.11 Faatam Marluto Anatyn 19 Oob/KLSE. SES 30-32 EiMoni 18 fepowl 28 Sports 1113 Wortd 29 IV/litestyte 15 Currencies 26 Lw 17 Sma/Commo _26^7 Td 1800-*****77 Fs *****75 BT Hwwillh Td
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      8 1 Law Page: Pg 15 Spotlight on lawyers' fees
      8 words
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      32 1 Hock Lock Siew: Pgi7 A CWT Distribution's forays pay ojcz US inflation under control, says Summers Pg 20 Full reports, Pgs 28-32 Wall St gets jittery over shades of *87, Pg 18
      32 words
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      18 1 More reports, Pg 20 Ministers place priority on making Afta work No consensus on Apec free trade: Rafidah
      18 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Appetite returns for eating out
        297 2  -  By Ven Sreenivasan THE RETURN of a healthy appetite for the fare of food outlets in July arrested a slide in business volume, after a 5.2 per cent fall in June. July's catering trade index fell by a marginal 0.9 per cent in volume terms
        Source: Dept of Statistics  -  297 words
    • Article
      Shipyard's labour nets 8pc rise
      255 2  -  By Rahita Elias THE wages of Keppel Shipyard's bargainable workers rose 8 per cent on average in an annual salary review on July 1. Keppel Corp group personnel director Loh Meng See said yesterday the increases ranged from zero to 20 per cent. He was
      255 words
    • Article
      HDB crackdown consigns second mortgages to history
      424 2  -  By Quak Hiang Whai SECOND mortgage loans are a thing of the past. The Housing and Development Board is said to have stopped approving all loans on mortgaged HDB flats regardless of whether the loans are used for non-speculative purposes such as renovations.
      424 words
    • Article
      Former Devon boss and director jailed for loan scam
      254 2 THE former boss of the collapsed Devon Group, Neo Gim Eng. was jailed for 18 months yesterday on charges of inflating the value of exports to get credit from banks. District Judge Francis Remedios, who handed down the sentence, also jailed
      254 words
    • Article, Illustration
      Lock icon Singapore to host big leisure, entertainment conference
      208 2  -  By Michelle Low A MAJOR exhibition and conference for the leisure and entertainment industry will be held here in 1996 its first appearance in Asia. LeisureASlA 1996, at Suntec City from Mar 21-23, will be jointly organised by two European companies Amsterdam Raj
      Photo by Arthur Lee  -  208 words
    • Article
      Goldhill Properties nabs three shophouse parcels at auction
      536 2  -  By A J Leow DEVELOPER William Goei's Goldhill Properties won three of seven conservation shophouse parcels at Tanjong Pagar in a government auction yesterday afternoon. The sale, by the Urban Redevelopment Authority, started on a slow note. There were just two bids
      536 words
    • Article, Illustration
      Lock icon 33pc of manufacturers rate productivity above competitors9: survey
      209 2  - 33pc of manufacturers rate productivity above competitors 9 survey By Juliette Walker ONE-THIRD of the manufacturers in Singapore rated their productivity above their competitors, half said they were equal, and the other IS per cent said they were probably less productive, according to a survey. The survey was done, by
      Source: Asia  -  209 words
    • Article
      SM Lee makes private visit to Taiwan
      57 2 SENIOR MINISTER Lee Kuan Yew and the Minister for Information and the Arts, BG (NS) George Yeo, have taken leave from today till Friday to make a private visit to Taiwan, the Ministry of Foreign Affairs said in a statement yesterday. Mr Lee
      57 words
    • Article
      Creative Technology chief honoured
      84 2 SIM WONG HOO, founder and chief executive of Creative Technology, was one of two winners for the first annual Innovator of the Year Award given by EDN Asia, a trade magazine. Mr Sim's citation credited him with creating a product, the Sound Blaster sound card which
      84 words
    • Article
      Three eye Penang for wafer plant
      53 2 AT LEAST three companies are interested in setting up wafer fabrication plants in Penang, Mr Noor Ahmad Mokhtar HanifT, general manager of the Penang Development Corporation, said yesterday. Mr Mokhtar declined to name the companies. He was a speaker at the Pan-Asian Business Summit
      53 words
    • Article
      SGS-Thomson set to double investment
      48 2 SINGAPORE is the "favourite place" for SGS-Thomson Microelectronics (Asia Pacific) to locate a wafer fabrication plant in the region, said company president Milivoj von Somogy. SGS-Thomson has already invested US$65O million (***** million) here and the decision will double its investment, he said.
      48 words
    • Article
      Three win technology award
      133 2 PHILIPS of Holland and Electrovert and Tektronix of the United States won the Technology Showcase Award yesterday in recognition of their latest in production machinery and instrumentation technology. The award is given by Reed Exhibitions Pte Ltd, the organiser of Globaltronics. Philips' revolutionary Reel Mount flex-foil
      133 words
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      330 2 the market was as —predictable. Km ENEX-ASIA *94 Make All The Right Connections At Asia's Premier Electrical Power Exhibition ENEX-ASIA'94# i'>BW wnTmmTjLmm mm jhSS 21 24 SEPTEMBER 1994 WORLD TRADE CENTRE HALL 4,5,6, SINGAPORE 10.30 am 6.30pm Daily (Except 24 Sept: 10.30 am 4pm) If you are in the electrical
      330 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Cambodia woos oil investors with promise of big tax breaks
      505 3  -  By Harish Mehta SINGAPORE Cambodia yesterday announced a petroleum policy containing attractive tax cuts in a bid to woo oil firms to invest in offshore and onshore oil exploration. Nhep Bunchin, Cambodian Undersecretary of State in the Ministry of Industry,
      505 words
    • Article
      Lock icon Suu Kyi's meeting with ruling junta sparks hope in Myanmar
      284 3 AP YANGON The first official meeting between the country's ruling junta and detained opposition leader Aung San Suu Kyi sparked some optimism yesterday that Myanmar's political impasse could be eased. Hopes arose because the meeting on Tuesday was widely reported
      AP  -  284 words
    • Article, Illustration
      Lock icon Awaiting aid
      48 3 AFP KOKOPO, Papua New Guinea Children playing at the refugee camp here, located 20 km east of the Vulcon and Tovurvur volcanic eruptions. Some 2,000 people are awaiting relief supplies in the local sports centre after the town of Rabaul was evacuated on Sep 19. AFP
      AFP  -  48 words
    • Article
      Lock icon Coming up: Indonesia's first private train service
      204 3 AFP JAKARTA A private Indonesian company has reached agreement with the state railway company Perumka to run the country's first private train service. Perumka officials yesterday said Perumka and PT Arion Paramita Group, a private company mainly operating in bus transportation, had signed
      AFP  -  204 words
    • Article
      Call to enforce rules on coordinating orbital slots
      449 3  -  By Catherine Ong SINGAPORE Satellite operators at a pan-Asian television industry conference here have called for the enforcement of rules on coordination of orbital slots to avoid a repeat of the controversial recent launch of Apstar 1. They want the International Telecommunications
      449 words
    • Article
      Philippine economy tipped to grow 5 pc
      458 3  -  Inflation control, tax crackdown bring first budget surplus in 20 years By S N Vasuki SINGAPORE The Philippines could post GNP growth of 4.5-5 per cent this year, thanks to buoyant exports and a revival in capital spending. And with inflation contained below
      458 words
    • Article
      ADB sees supportive role for private sector in power generation
      307 3  -  By S N Vasuki SINGAPORE Though the private sector should play an important role in power generation, this should not be at the expense of state-owned utilities, according to a senior energy analyst at the Asian Development Bank (ADB). The
      307 words
    • Article
      Malaysia to install 10th King
      111 3 KUALA LUMPUR Malaysia will formally install a new King here today, but former diplomat Tuanku Jaafar Abdul Rahman will reign with vastly reduced powers, AFP reported. Officials yesterday said Tuanku Jaafar, 71, of Negri Sembilan state will take over as 10th Yang Di-Pertuan Agong or
      111 words
    • Article
      Lock icon New aviation chief for M'sia
      32 3 Bernama KUALA LUMPUR Deputy director-general of the electricity supply department, Zaini Omar, was yesterday appointed director-general of the Department of Civil Aviation, effective from Oct 1. Bernama
      Bernama  -  32 words
    • Article
      Lock icon World's lightest handphones
      61 3 Bernama KUALA LUMPUR Motorola, a wireless communications provider, yesterday launched the world's lightest handphones in all categories. Operations manager for its cellular subscriber division, Larry Poon, said the latest additions to Motorola's cellular communications technology comprised the MicroTAC Elite handphone under AMPS and ETACS categories, Micro Digital
      Bernama  -  61 words
    • Article
      Lock icon Call for one-year jail for activist
      73 3 AFP JAKARTA State prosecutors are calling for a one-year jail term for a woman leader of the Sejahtera independent labour union for allegedly inciting unrest in Medan, North Sumatra. They had asked the Medan district court to sentence Yati, 22, to a year in
      AFP  -  73 words
    • Article
      Lock icon Jakarta to form panels to settle forestry rows
      181 3 AFP JAKARTA The Indonesian forestry authorities have agreed to set up a number of bodies to prevent disputes between local logging populations and new forestry concession holders, an environmental activist said yesterday. According to Zulkarnaen, executive director of the Wahana Lingkungan Hidup
      AFP  -  181 words
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      178 3 J v $¥emt> oTwSeme& L w jJ" 4' iPI jjk t/t JP Bastiam, lunch is a Mediterranean culinary fjBASTIANII experience to be savoured in every sense. I yJ Prepare to be overcome by the aroma of delicate Lunch. 11.30 am to 2.30 pm. spices wafting from our wood burning oven
      178 words
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  • CHINA /HONGKONG /TAIWAN
    • CHINA WATCH
      • Article
        Lock icon China top brass to discuss reforms
        88 4 AFP HONGKONG The central committee of the Chinese Communist Party is to meet next week to discuss political and economic reforms for 1995, a Hongkong newspaper said yesterday. The Chinese-language Hongkong Economic Journal, in a front-page dispatch from Beijing, said the meeting would be
        AFP  -  88 words
      • Article
        Lock icon Sale of China's state assets
        91 4 Bloomberg Business News BEIJING A reform economist says China needs to introduce legal guidelines to control sales of state assets and stem the loss of public property, the official China Daily said yesterday. Ma Kai, deputy director of the State Commission for Economic Restructuring, told
        Bloomberg Business News  -  91 words
      • Article
        Lock icon Taiwan expects 6.28 pc GNP growth
        79 4 Bloomberg Business News TAIPEI In its first report on the economic outlook for 1995 and 1996, Taiwan's Cabinet said it expects gross national product (GNP) to rise 6.28 per cent next year and 6.18 per cent the year after, the Economic Daily News reported
        Bloomberg Business News  -  79 words
    • Article
      Lock icon Beijing fears inflation, shortages will chip away trading gains
      500 4 Reuter BEIJING China fears rising inflation and shortages of key raw materials could derail plans to become the world's 10th biggest trading nation and turn round a large trade deficit, economists said yesterday. They said inflation had more than offset the
      Reuter  -  500 words
    • Article, Illustration
      Lock icon There goes a roaring business
      75 4 AFP TAIPEI Animal breeder Chen Chin-feng, holding a 44-day-old tiger cub that he raised, joining other breeders of protected species in a demonstration outside parliament building yesterday. The breeders urged the authorities to offer alternatives in handling the animals other than sending them back to
      AFP  -  75 words
    • Article
      Lock icon Taiwan says HK will replace US as its biggest export market
      285 4 AFP TAIPEI Hongkong is expected to replace the United States as Taiwan's largest export market by the end of this year, the Cabinet-level Council for Economic Planning and Development (CEPD) said yesterday. As the export-oriented island's indirect trade with
      AFP  -  285 words
    • Article
      Lock icon Taipei says China moves are fuelling independence demands
      277 4 Reuter TAIPEI Taiwan said yesterday it was considering reducing sports and cultural exchanges with rival China for the second time in a year and accused it of fuelling an independence movement on the island. Relations had been slowly improving, after the murder
      Reuter  -  277 words
    • Article
      Lock icon China to plough 10b yuan of development aid into Tibet
      207 4 AP BEIJING China plans to funnel more than 10 billion yuan (S$ 1.72 billion) in financial aid to Tibet before the end of the century to help the impoverished Himalayan region catch up with the rest of the country. The
      AP  -  207 words
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      48 4 SPAULPiNG A HAW) |I—MMBMBB I gs^Sfci-jrafr^J^^^wfr l, j _r x* |l 4--;jP w,,il m**Sm^^M Euroßonus member PC. Yeo. Managing Director. Yeochem S4S The Businessman's Airline EVERY EVENING TO MORE THAN 80 EUROPEAN CITIES. BUSINESS CLASS 554.300". CONTACT YOUR TRAVEL AGENT OR SCANDINAVIAN AIRLINES. SINGAPORE: 294 1611 •conditions apply
      48 words
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  • REST OF ASIA
    • Article
      Lock icon Japan's 2nd qtr GDP drops on weak consumption, falling capital outlays
      352 5 Bloomberg Business News TOKYO Weak consumer spending and declining capital investment dragged down Japan's gross domestic product for the April-June quarter by 0.4 per cent from the previous quarter. The government yesterday said that at an annual pace, that
      Bloomberg Business News  -  352 words
    • Article
      Lock icon Japanese Cabinet to decide on tax reform package today
      277 5 Reuter TOKYO Japan's Cabinet will decide on a tax reform package at its regular meeting today. Chief Cabinet Secretary Kozo lgarashi said yesterday that there would be no emergency meeting on the issue. Mr lgarashi said: "It is natural that the
      Reuter  -  277 words
    • Article, Illustration
      US visit to Pakistan expected to spark more investments
      397 5  -  From Farhan Bokhari in ISLAMABAD AMERICAN Energy Secretary Hazel O'Leary arrived in Pakistan yesterday on a fiveday visit that is expected to pave the way for increased US investments. Ms O'Leary is heading a delegation of 50 leading businessmen from major
      397 words
    • ASIA NOTES
      • Article
        Lock icon Carter ready to broker Korean peace
        95 5 AFP WASHINGTON Former president Jimmy Carter, fresh from his diplomatic work in Haiti, said on Tuesday he was prepared to mediate talks between Pyongyang and Seoul. Mr Carter said he stressed the importance of an inter-Korean dialogue during a meeting with South Korean ambassador
        AFP  -  95 words
      • Article
        Lock icon Aussie corporate profits up 42pc
        76 5 Bloomberg Business News SYDNEY Australian corporate profits rose 42 per cent, or A 53.5 billion (553.9 billion), in the year ended June 30, according to a survey of 658 companies by the Australian Stock Exchange and the Australian Financial Review. Lower taxes and interest costs
        Bloomberg Business News  -  76 words
      • Article
        Lock icon Tamil Tigers back down
        102 5 AFP JAFFNA, Sri Lanka Tamil Tiger guerillas have offered to compromise on their demand for a separate state even though rebels have given a violent response to government moves to end civil war. The Liberation Tigers of Tamil Eelam (LTTE) told visiting journalists here they were
        AFP  -  102 words
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      392 5 y. .»I—■ i&idyiafcr-T4\ 11 1 1 v i'iiwvil "If my Rolex hadn't been reliable, I'd be dead. It's as simple as So Swan about the timepiece that helped Him the South Pole. As Swan's fellow adventurer Janusz Kurbiel notes: "When you can't rely on external time checks, a watch becomes
      392 words
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  • REGIONAL FOCUS
    • Article, Illustration
      S'pore, Australia reach consensus on development
      954 6  -  Upcoming Apec forum •fcports by Peter Osborne f$T WEEK'S meeting been Singapore Prime Minr Goh Chok Tong and his Australian counterpart Paul Mlating emerged as a show of Sdarity by the two leaders how the Asia-Pacific Ecooic Cooperation (Apec) for should develop. V,Although there
      954 words
    • Article, Illustration
      Keating must tread gingerly on question of Apec
      540 6 MOST analysts agree there are substantial diplomatic risks for Paul Keating if he misjudges his Apec push and moves too aggressively or too fast for other Apec members. He has been dismissive of Malaysia's proposed East Asia Economic Caucus (EAEC) an Asians-only
      540 words
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      316 6 2 TOP PRIZES: A 7D/6N French Riviera Holiday plus a trip to the Monte Carlo Formula 1 Grand Prix for two. Fly Air France to Paris and Nice plus an exhilarating helicopter ride from Nice to Monte Carlo on Air Monaco. The French Riviera where the rich, the famous and
      316 words
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      208 7 H .-7UW T jmvmMHC' ,v jSajiv yWt> jSyMtLJHBKSSJB^^B^^^^B|[^B a. i„ 1 fiijfOTffWSßfTl^yiTF'^jffl^Bi^^f^mßlß si >, > ;M M ;C y h fl Bp?"*m II P i 1 WW* V -M- IB kI r tKI BIM B<^ A I II M r H k ■SmM" 1 I -fl -|f| ■"f BmJ| HW
      208 words
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      110 8 Now 1 We Will Back Up Our Deeds With Our Word. Introducing The Worldwide Express Guarantee From UPS. Our people are in place. Our system is ready. And we are so confident of our worldwide capabilities that we can offer a guarantee of truly global proportions. Now UPS will formally
      110 words
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  • THE WORLD
    • Article
      Lock icon S Africa unveils 37.5b rand blueprint for reconstruction
      451 9 Reuter CAPE TOWN South Africa yesterday unveiled a 37.5 billion rand (5515.2 billion) blueprint for development fuelled by government savings, economic growth and a state lottery. "This White Paper is a first step in what will be a major programme of transformation
      Reuter  -  451 words
    • Article, Illustration
      Lock icon Haiti deal boosts Clinton's approval rating: poll
      456 9 Reuter Reuter NEW YORK President Bill Clinton is handling both the Haitian crisis and his overall job better, with his approval rating soaring 22 percentage points, according to a New York Times/CBS poll published on Tuesday. Approval of the way he was dealing
      Reuter  -  456 words
    • Article
      Lock icon Danger of fresh violence seen in Zulu split
      343 9 Reuter JOHANNESBURG A split between two of South Africa's most powerful Zulu leaders has raised fears of a fresh wave of bloodshed in the killing fields of the tribal heartland. King Goodwill Zwelithini, monarch of the nine million Zulus, said on Tuesday
      Reuter  -  343 words
    • Article
      Lock icon IFC to double financing to US$ 5b by 1999
      222 9 FT WASHINGTON The International Finance Corporation, the World Bank's private sector arm, expects to double its financing in the next five or six years to US$5 billion (557.4 billion) to keep pace with the rapid growth in emerging markets and the
      FT  -  222 words
    • WORLD WATCH
      • Article
        Lock icon Russia calls for single defence zone
        108 9 AP MOSCOW Russia's spy chicf yesterday released a report prepared by intelligence experts analysing Russia's position following the breakup of the Soviet Union and the end of the Cold War. Yevgeny Primakov, whose agency is a successor of the former KGB. warned President Boris
        AP  -  108 words
      • Article
        Lock icon French PM hails 1995 budget
        80 9 Reuter PARIS Prime Minister Edouard Balladur hailed the 1995 French budget as "courageous" following a cabinet meeting yesterday at which the bill was presented. He told reporters: "It's a good budget. It's a courageous budget which will allow an improvement in the situation of the
        Reuter  -  80 words
      • Article
        Lock icon Danish people head for polls
        54 9 AFP COPENHAGEN Danes started voting in legislative elections yesterday with opinion polls indicating that Denmark's ruling coalition, which came to power in January 1993, would emerge triumphant. Four million voters were to elect 175 deputies from 939 candidates, representing nine parties, to fill the country's
        AFP  -  54 words
      • Article
        Lock icon Swiss govt proposes cutting budget deficit
        81 9 Reuter BERNE The Swiss government, responding to demands for tighter control of the public purse, has proposed cutting the projected 1995 federal budget deficit by 900 million Swiss francs (Ssl billion), a finance ministry spokesman said yesterday. The reduction, which must be approved by
        Reuter  -  81 words
    • Article
      Lock icon Minutes ease fear of another UK rate rise soon
      327 9 Reuter LONDON Minutes of the July 28 monetary meeting between finance minister Kenneth Clarke and Bank of England governor Eddie George suggest another near-term rise in interest rates is unlikely. Analysts said yesterday that although Mr George said that a case
      Reuter  -  327 words
    • Article
      Lock icon Britain's trade gap with non-EU states narrows
      185 9 Reuter LONDON Britain's nonEuropean Union trade gap fell in August to its lowest for nearly seven years. The Central Statistical Office (CSO) yesterday said the deficit with states outside the EU fell to £262 million (Ss6o2 million) from £384 million in July. The
      Reuter  -  185 words
    • Article
      Lock icon US Congress expected to pass bill to implement Gatt treaty
      408 11 But several issues still unresolved by House and Senate trade panels Reuter WASHINGTON House of Representatives and Senate trade committees on Tuesday agreed on compromise legislation to implement a sweeping new world trade treaty moving it closer to a final
      Reuter  -  408 words
    • Article, Illustration
      Lock icon National Lottery all set to roll
      48 11 Reuter LONDON Store owner Prakash Patel giving his new lottery ticket dispenser at his shop in Shepherd's Bush a final wipe on Tuesday. Tickets for the first National Lottery go on sale in November at 10,000 retail outlets throughout the UK. Reuter
      Reuter  -  48 words
    • Article
      Lock icon US cuts red tape to aid small firms
      127 11 AP WASHINGTON In a bipartisan move to reinvent one part of government, Congress has given final approval to a bill that would slash red tape for companies bidding on US contracts worth US$lOO,OOO (S$148,000) or less. The House on Tuesday voted unanimously
      AP  -  127 words
    • Article
      Lock icon World Bank in record US$ 2.4b loans last year for green projects
      540 11 Bloomberg Business News WASHINGTON The World Bank lent a record US$2.4 billion (553.54 billion) for environmental protection projects last year, although controversy remains about the bank's policies. In a report issued on Tuesday called Making Development Sustainable: The
      Bloomberg Business News  -  540 words
    • Article
      Lock icon New technology set to revolutionise gene-mapping
      334 11 Reuter CHICAGO A new technology its developers say can rapidly decode thousands of human genes is poised to revolutionise the global genemapping project designed to find hereditary clues to a host of defects and diseases. Sunnyvale, California-based Hyseq Inc, a firm started up to
      Reuter  -  334 words
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      157 11 -;/^k "Compax 1Q50", with the classic IQSGs case design in 18K solid yellow or rose Gold is a limited edition model. Also available in a tachometer version. .Al classic of all time. The Chronograph "Compax 1950" from Universal Geneve faithfully reproduced in the original design of the *****. High precision
      157 words
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  • SPORTS
    • Article, Illustration
      Lock icon Becker out of Germany's 1994 Davis Cup campaign
      436 12 Reuter BONN Three-times Wimbledon champion Boris Becker, who has been embroiled in public rows about Germany's Davis Cup team in recent years, will play no part in helping his country defend their title this season. Team captain Niki Pilic said on Tuesday
      Reuter  -  436 words
    • Article
      Lock icon Tennis to adopt single anti-doping plan
      254 12 AP LONDON The three major organisations that run international tennis announced an agreement on Tuesday aimed at harmonising their anti-dop-ing programmes. The agreement, which takes effect in January 1995, will unite the testing and review guidelines of the ATP men s tour, the WTA
      AP  -  254 words
    • Article, Illustration
      Lock icon Sanchez scores easy first-round win
      289 12 AP TOKYO Top-seeded Arantxa Sanchez Vicario, keeping her championship form from the US and French Opens, made short work yesterday of Japanese qualifier Naoko Kijimuta in the first round of the Nichirei International Ladies Tennis Championships. The Spanish player blanked Kijimuta, ranked 134 th in
      AP; AFP  -  289 words
    • Article, Illustration
      Polo players squaring off for Rolex Trophy
      400 13  -  ROLEX By Juliette Walker SINGAPORE Polo sticks will fly and horse hoofs thunder today as the umpire tosses (he first ball onto the field for the 14th Rolex International Polo Tournament at Thomson Road. The fast-paced four-day tournament marks the biggest polo event
      400 words
    • Article, Illustration
      Lock icon Wakanohana, Musashimaru suffer defeats
      413 13 AP TOKYO Takanohana and Musoyama remained undefeated, but Wakanohana suffered his first upset and American Musashimaru his third yesterday, with four days left in the 15-day Autumn Grand Sumo Tournament. Wrestling before 11,000 spectators, ozeki (champion) Takanohana, seeking his sixth tournament victory, overcame No 4 maegashira
      AP; Reuter  -  413 words
    • Article
      Lock icon Major tips for sporting youngsters
      329 13 AP ALEXANDRA, South Africa British Prime Minister John Major yesterday demonstrated his cricket prowess to township children, and urged them to follow his example and make sport an important part of their lives. Mr Major donated a trunk load of bats, balls and other equipment
      AP  -  329 words
    • Article
      Lock icon New suits can't wait to wield axe
      573 13  -  Corporate America doesn't have much room for memory or loyalty. Which just might be construed as a weakness, says George Vecsey George Vecsey NYT NEW YORK Bob Gutkowski, the man who presided over the unprecedented springtime in New York, has just been given
      NYT  -  573 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Aerobics
        119 13 AFP WASHING lON Three-year-old Marja Sweet, the youngest-ever US sports representative, will join her mother Julie in competition starting next Monday at the World Aerobics Championships in South Africa. The Amateur Athletic Union event features exercises to music. Julie Sweet, 37, is a financial planner from Boston. "Marja doesn't
        AFP  -  119 words
      • Article, Illustration
        Lock icon Golf
        84 13 AFP VIRGINIA WATER, England Leading money winners on the European PGA Tour after the British Masters, Sep 15-18, the 33rd tournament of the year (in US dollars): 1 Colin Montgomerie (Scot) U*****,379 (SSI.3 million); 2 Bernhard Langer (Ger) 618,818; 3 Jose Maria Olazabal (Spn) 564,911; 4 Seve Ballesteros (Spn)
        AFP  -  84 words
      • Article, Illustration
        Lock icon Cricket
        71 13 Reuter LONDON Brian Lara, the brightest jewel in Warwickshire's triple crown, faces one of the most intense playing schedules in cricket history after a hectic debut season in the English domestic game. The little Trinidadian left-hander admitted his first summer with Warwickshire was an exhausting experience. Lara was rarely
        Reuter  -  71 words
      • Article, Illustration
        Lock icon Olympics
        88 13 AFP ATLANTA Dave Maggard was named managing director of sports for the 1996 Atlanta Olympics here on Tuesday, filling a vacancy created when Dr Leroy Walker departed to become president of the US Olympic Committee. Maggard was hired 18 months ago with an eye toward his new duties. Maggard,
        AFP  -  88 words
      • Article, Illustration
        Lock icon Snooker
        48 13 AFP MOTHERWELL, Scotland Thailand's world number three, James Wattana, will face England's Ronnie O'Sullivan in the quarter-finals of the Scottish Masters tournament here. O'Sullivan, ninth in the rankings, beat sixth-ranked Alan McManus of Scotland 5-2 in Tuesday's quarter final, after coming back from two frames down. AFP
        AFP  -  48 words
      • Article, Illustration
        Lock icon Tennis
        76 13 AP TOKYO Results of yesterday's US$4OO,OOO Nkhirei International Ladies Tennis Championships at Ariake Colosseum: Arantxa Sanchez Vicario, (Spn) b Naoko Kijimuta (Jpn) 6-0, 6-0; Lindsay Davenport (US) b Kaoru Shibata, (Jpn) 6-2, 4-6, 6-0; Julie Halard (Fra) b Mercedes Paz (Aig) 6-4, 7-6 (7-2); Naoko Sawamatsu (Jpn) b Wang
        AP  -  76 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      415 12 HOW CLEAN A inO is your Ml r\ $830 ■HHBi 99.97% Efficient, meets medical standards bacteria,dust mites, odours, smoke, pollen etc. Most recommended by doctors If you want dean air at home or in the office, the Enviracaire H.E.P.A. Air Cleaner is the top-of-the-line machine available to the consumer today.
      415 words
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      Page 12 Advertisements Column 2
      820 12 A The Sanwa Bank Limited H INCORPORATED IN JAPAN __7 Non-Consolidated Balance Sheets Non-Consolidated Statements 31»t March, 1994 and 1993 lncome and Re ta. n ®d For the years ended 31st March, 1994 and 1993 Millions of yen ASSETS 1994 Millions of yen Cash and Due from Banks 6.733,230 6.701.134
      820 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      394 13 «n// 1 Interim Report Highlights 1994 Jardine Strategic Strong Earnings Growth Profit after preference dividends USsl6lm 33% Earnings per share basic U5C22.41 34% -fully-diluted U5C20.40 28% Dividend per ordinary share USC4.6O 15% •The businesses in which we hold our strategic stakes are financially strong and operate throughout the expanding markets
      394 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      939 14 ftflV'fl WHERE TO WINE, DINE AND ENTERTAIN fIVST F DUET o*2 KAKAOKI. C 1 1ST Cjlliivj .ill j JiicN' It'Ihe premier .luet k.ir.i'»kc •n.peiiti in I' ,u 11 >v |,t hi" .tin vrotv« •i.UI like .it ihe hi tin e X Hisc^ ,«f II|« TC Jcl.lll N Nv'fwllC I*4UAAI<IM«>II L
      939 words
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      Page 14 Advertisements Column 2
      363 14 fTune S/n tJisjytybwe, £7he ffaaifphai Sftotel fußaru/ (yfie/x (Some September 30 till October 9, So don't miss out on this rolling good time! Make your reservations at 831 6262/3 today. cXasßafc* ||jjp^ >*•» N RESTAURANT Eh r'GJ KARAOKE KIN Konmsnt onl\ 525 per hour Is| drink ai >12 *ii v.cck>i.t\
      363 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Yo-Yo Ma's recipe for success
      949 15  -  The superstar cellist is always ready to see the funny side of things. That zest for life gives him energy to start a new season afresh, writes James R Oestreich James R Oestreich NYT YO-YO MA undoubtedly picked the restaurant simply because it was a
      NYT  -  949 words
    • Article
      Lock icon Black magic spells big business in Italy
      529 15 Age-old superstitions and eccentric beliefs mean a fortune for the occult Reuter SPELLS to ward off the evil eye by phone or fax, good luck charms or curses by mail order the occult business is booming in modern Italy. Several tragic cases of
      Reuter  -  529 words
    • Article
      Lock icon And now, Madonna the chaste?
      363 15 Reuter NYT AP AP RAUNCHY singer Madonna plans to tone down her sexy, designed-to-shock image. In an interview in the British magazine The Face, the American also denies being a lesbian and picks Robert Redford as her ideal man. "I'm being punished for being a
      Reuter; NYT; AP  -  363 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      92 15 G O LID E N SEMINAR When it comes to selecting the right venue for that important seminar, you can count on the Golden landmark Hotel. 5 luxurious function rooms with a capacity of up to 200 persons, including the newly renovated Galaxy Room will cater to all your seminar
      92 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      1102 15 1 TV RADIO Revenge iflHk 8.30pm, SBC 5 ~^Kfc the best in Peter Sellers as the inspector. but things. Herbert Lom. Dyan Robert Webber co-star production by Blake Edwards. V Stevie Wonder, Bpm, SBC 12 Charting the three decades of < ft*. Wonder's produc- ?<* llr career, this documentary <
      1,102 words
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  • INNOVATION & TECHNOLOGY
    • IT TAKES
      • Article, Illustration
        A head for difficult tasks
        86 16 SINGAPORE Three researchers from Strathclyde University, Glasgow, have designed a robot head (above) that they say is the most accurate robotic simulation of a human head to date. The robot head took two years to build and, when coupled with a virtual reality helmet, allows
        86 words
      • Article
        Bone loss rate (bund to rise with age
        63 16 NEW SOUTH WALES While researchers have been unsure whether bone loss slows or levels off in elderly people, new research from Australia suggests that in some parts of the body, the rate of bone loss actually increases with age. An estimated 25
        63 words
      • Article
        Lock icon Speeding up salmon growth
        135 16 AP CANADA Scientists are using genetic engineering techniques to vastly speed up the growth rate of Pacific salmon. The technique is not meant to produce gigantic fish, although future experiments may lead to such creatures, the researchers said. Rather it is intended to help commercial fish
        AP  -  135 words
      • Article
        Lock icon Exercise cuts breast cancer risk: study
        125 16 Newsday LOS ANGELES Regular, vigorous exercise during a woman's early reproductive years may offer substantial protection against breast cancer, doctors reported. Based on a new study of 1,090 women under the age of 40, a research team at the University of Southern California School
        Newsday  -  125 words
    • Article, Illustration
      Cryptography makes info highway safe
      616 16  -  Mathematical techniques encrypt and decrypt messages by secret codes, reports Claire Leow Claire Leow SINCE last year, the term "information superhighway" seems to have captured the popular imagination, conjuring visions of an infoworld with wide and affordable access to services and products. However, the explosion
      616 words
    • Article, Illustration
      Lock icon Scientists unlock gene to boost plant growth
      409 16 The discovery of a growth gene has mind-boggling implications AP Scientists have discovered how to grow bigger plants by manipulating a gene that controls their natural growth hormone. Researchers at Michigan State University cloned the gene that regulates plant growth and predict that
      AP  -  409 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      314 16 BECAUSE YOU'VE ALWAYS BELIEVED AN OBVIOUS CHOICE IS NO CHOICE AT ALL. Irm, Jr pw fcr~3 «pu»f the tide of conformity are those who believe that the freedom to For instance, beneath its stunningly aerodynamic lines you '11 find a reinforced body define oneself L> the ultimate symbol of statu,.
      314 words
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  • THE LAW PAGE
    • Article, Illustration
      Solving the issue of high legal fees
      850 17  -  Are lawyers' fees too high? And does this put the services of lawyers out of reach of a large group of people too well-oft to qualify for legal aid but not well-off enough to afford increasingly high legal fees? Ramesh Divyariathan put these
      850 words
    • Article, Illustration
      Corrective work order should cover more offences
      335 17 ATTHEBM. THERE ARE crimes and there are crimes. And as the saying goes, the punishment must meet the crime. But now, save for littering and capital crimes, the only punishments available to the courts appear to be fines and jail. The trouble is,
      335 words
    • Article
      Courts should meet this basic need
      122 17  -  By Conrad Raj VISITORS to the Subordinate Courts at Havelock Road now either have to die of thirst or run to outlets across the road to People's Park Centre or the OG Building on Cross St. There used to be a canteen where the
      122 words
    • Article
      Complaints about legal fees rare: Law Society chief
      463 17 LAWYERS in Singapore charge reasonable fees for their work and cases of excessive billing are rare. This was the general view of lawyers and businessmen who were asked whether they thought legal fees here were reasonable. The issue arose when England's visiting
      463 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      22 17 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday. SINGAPORE FBI Business Times WI KNOW ASA
      22 words
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      Page 17 Advertisements Column 2
      325 17 SAICSA sjjggfcg A Prestigious First SAICSA Regional Conference "Globalisation: Corporate Governance And Compliance" If you are embarking on a global venture or a regional business plan, you should participate in this one and only conference that spells out the rules to a winning game for entrepreneurs doing business in Singapore
      325 words
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  • Article
    Much ado about nothing?
    564 18 EDtTOHIALj SO Hongkong's first full direct district board elections significant only because they are viewed as a test of popular support for Governor Chris Patten's political reforms are over with the pro-democracy camps grabbing 114 of the 346 seats (only 290 seats were contested). The district
    564 words
  • WHAT THE OTHERS SAY
    • Article
      Haiti — is this really it?
      258 18 Haiti is this really it? THERE IS little doubt that it was the threat of American firepower that caused General Raoul Cedras and his junta to submit in Haiti. Last October, they had humiliated the Americans by staring down an attempt to execute an agreement to restore Jean-Bert rand Aristide,
      258 words
    • Article
      The next niches
      112 18 BOOSTING financial services and information technology as Singapore's future niches is a logical progression. After all, Singapore has all along been the region's financial and telecommunications centre. But what PM Goh Chok Tong has in mind is more than just that. It means upgrading productivity, enhancing the
      112 words
    • Article
      Clinton calls their bluff
      168 18 PRESIDENT Bill Clinton may be the first one to sigh with relief after confirming the news that Haitian military leaders had voluntarily stepped down. It is not so difficult for us to see that the United States had not intended to launch such an offensive right
      168 words
    • Article
      Rosy outlook for banks
      149 18 THE BANKING SECTOR seems to have emerged from its recent difficulties when it was hounded by bad debts and non-performing loans. Today, Malaysian banks rank among the region's top performers, having recorded double-digit and, in some cases, triple-digit growth in profits. Reflecting the robust constitution of
      149 words
    • Article
      Another avenue for appeal
      199 18 WITH THE setting-up of the Court of Appeal, the country has once again created legal history by reverting to a three-tier system that keeps the administration of justice within our shores and which is today symbolic of the maturing of an independent judiciary. At a time
      199 words
    • Article
      Hit the tax cheats hard
      187 18 IN SOME COUNTRIES, the industry of tax avoidance and evasion is understandable, if not excusable. The percentage of average salaries disappearing into the maw of the government is a major disincentive to work hard, or at all. In Hongkong there is absolutely no excuse for
      187 words
  • Article, Illustration
    Lock icon Wall Street gets jittery over shades of '87
    825 18  -  Tom Petruno says diehard stock market bears are finding similarities between today's market and that of October 1987 piling up at a frightening pace Tom Petruno Los Angeles Times WITH Tuesday's 67point plunge in the Dow Industrials, the chant of "Remember 1987!"
    Los Angeles Times  -  825 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      240 18 GIobaITRONICS '94 Asia's largest electronics manufacturing exhibition and conference I I II '1 1 t mSbt r a;/wk Over 1,400 Exhibitors from Technical Conferences and J JIP*% 30 countries- Workshops discover new-to-market technologies. keep pace with technology devetopbuy/trade products, appoint new ment in the global electronics market! agents in the
      240 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      55 18 J5 -m»S UHFVT U\F6. tS\ SO?Po IT roust* LOHPCT OoiUO BU. Pv&oUT 66. SING TO im ufcerofeD Pusce? Do ujitw px>ie.Y-.-DIKGY P*D &ORIHG psH f" 1 ovec sruFFeo *40-owe A „CU. G>v»kg rrte 4 "u\ «AMOCIATIO WMftflM IM3-IM4 9275 DOONESBURY GARRY TRUDEAU fass- i| I JESffiSSfSBT 6COOPBOPLS. I FORAK&HOHN6TT>De- mOOOi&ttCP
      55 words
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  • ANALYSIS
    • Article, Illustration
      The volatile misery far from the coastline
      1257 19  -  China's prosperous big cities and coastal regions have been grabbing the world's attention for years. Lan Johnson focuses on the rampant poverty in inland China that is largely overlooked and explains why it is becoming a source of worry for the authorities Ian
      1,257 words
    • Article, Illustration
      Another chance for a paradise of lost opportunities
      1187 19  -  Papua New Guinea has failed so far to capitalise on its wealth of natural resources. Brian Gomez wonders if things will change with Sir Julius Chan in charge again Brian Gomez The writer, who is based in Sydney, covers the resources sector
      1,187 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      31 19 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 Business Times WE KNOW ASIA
      31 words
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  • Article
    Lock icon US inflation under control: Summers
    419 20 Bloomberg Business News WASHINGTON US inflation is under control, even as the economy grows and generates more jobs. Lawrence Summers, Treasury Undersecretary for international affairs, told the American Business Conference yesterday: "We've kept the inflation genie in the bottle. It's holding at about 2.7 per
    Bloomberg Business News  -  419 words
  • Article
    Simex, Nymex reach accord to extend Access to S'pore
    478 20  -  By Soh Tiang Keng SINGAPORE The Singapore International Monetary Exchange and the New York Mercantile Exchange yesterday reached tentative agreement to extend Access, the US electronic trading system, to Singapore. Under the proposed arrangement, corporate members of Simex can use Access,
    478 words
  • Article, Illustration
    Lock icon A bid to boot out guns
    65 20 Reuter WASHINGTON A man looking at the display of more than 40,000 pairs of shoes containing notes and photographs of gun violence victims along the Washington Mall on Tuesday. The Committee for the Silent March placed the shoes in protest against gun violence, and
    Reuter  -  65 words
  • Article
    Lock icon US, Japan open trade talks ahead of deadline for sanctions
    223 20 Reuter WASHINGTON Senior US and Japanese negotiators opened trade talks yesterday, racing to strike a deal ahead of a month's-end sanctions showdown. Japanese Foreign Minister Yohei Kono arrived at midmorning ahead of talks with US Trade Representative Mickey Kantor slated
    Reuter  -  223 words
  • Article
    Asia-Pacific to face acute shortage of oil products: KL expert
    446 20  -  By Soh Tiang Keng SINGAPORE The AsiaPacific is expected to face an acute shortage of oil products until the end of this decade, a Malaysian oil expert warned yesterday. The robust economic growth and changes in lifestyle have contributed to
    446 words
  • Article, Illustration
    Bull or bear? It's all in the bond market
    812 20  -  The Bottom Line R SIVANITHY R SIVANITHY The writer is BT's stock market reporter IT IS not a good sign that Wall Street traders are data mining and coming up empty handed. After five rounds of interest rate hikes and seven
    812 words
  • Article
    No consensus on Apec free trade: Rafidah
    672 20 CHIANGMAI Malaysia said yesterday that there would be no Asean consensus on a proposal to turn Apec into a free trade area by 2020. Minister for International Trade and Industry Rafidah Aziz, reiterating Kuala Lumpur's opposition to such a plan being mooted by
    672 words
  • Article
    Ministers place priority on making Afta work
    678 20  -  26th Asean Economic Ministers Meeting Reports from Yang Razali Kassim proved to be contentious and has threatened to divide Asean. But remarks by ministers at a joint press conference here seemed to suggest that they did not want the EPG proposal to distract
    678 words
  • Page 20 Advertisements
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        46 21 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled Alliance. Barings. Daiwa. Fraser, GK Goh, Kay Hian. Morgan Grenfell. Nomura. OngCo. Phillip. Smith iVw Court. Wl Can and SG Warburg.
        46 words
      • Article, Illustration
        HOT STOCK
        143 21  -  -By Quak Hiang Whai One of Malaysia's favourite speculative stocks, Damansara Realty Bhd has been consolidating for a month and may be poised for some action again. In the immediate future, the stock is clearly well supported at M 52.60, at which it closed yesterday. Daily RSI and
        143 words
    • Article
      CSA sells 40pc stake, paving way for unit's KLSE listing
      391 21  -  By Teh Hooi Ling SINGAPORE Computer services group CSA Holdings is selling 40 per cent of its wholly-owned subsidiary. Computer Systems Advisers (M) Sdn Bhd (CSAM), to a bumiputra firm in preparation for the subsidiary's listing on the Kuala Lumpur
      391 words
    • Article, Illustration
      S'pore Aerospace posts 3.2 pc interim rise, plans to ditch loss-making units
      362 21  -  By Ramesh Dvyanathan SINGAPORE Singapore Aerospace Ltd (SAe) yesterday reported lacklustre interim results but also announced the intended divestment of two loss-making manufacturing units, which cheered analysts. The company managed a 3.2 per cent rise in net earnings
      362 words
    • Article
      DBS joins US$ 276m Thai chemical plant loan
      323 21  -  By Loh Hui Yin SINGAPORE DBS Bank has extended its involvement in financing petrochemical projects from Singapore to Thailand, where it is funding a petrochemical plant expansion. It is taking part in a US$276 million (Ss4os million) loan to Vinythai, a joint
      323 words
    • Article
      CWT Distribution's forays into the region paying off
      628 21  -  HOCK LOCK SIEW By Rahita Elias SINGAPORE CWT Distribution is cruising along Asia's roads, keeping a lookout for new businesses. In a matter of days early this month, Singapore's largest private warehouse operator sealed two overseas deals one in China and the
      628 words
    • Article
      Metal Containers to sell PCB business to Chartered Electronics
      257 21 SINGAPORE Loss-incur-ring Metal Containers will sell its printed circuit board business to Chartered Electronics Industries (CEI), a subsidiary of the government-owned Singapore Technologies Ventures, for $700,000. The business is now owned by Carlee Electronics, Metal Containers' 64.26 per cent owned subsidiary.
      257 words
    • Article
      Amtek posts 6pc rise in net earnings
      191 21 SINGAPORE Metal stamping group Amtek Engineering yesterday reported a 6 per cent rise in net earnings for the year to June 30. Profit after tax and minority interests was 11.84 million, on a 35 per cent jump in turnover to $140 million. A
      191 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Bintang increases Inno-Pac stake
          46 22 SINGAPORE Inno-Pacific Holdings yesterday informed the Stock Exchange of Singapore that Bintang Piramid (M) Sdn Bhd had acquired another five million shares for a total consideration of $4.5 million. The total stake after the acquisition has been raised to 11.49 per cent.
          46 words
        • Article
          Transmarco sells stakes
          51 22 SINGAPORE Transmarco said yesterday proposals to sell stakes in three companies were passed at an extraordinary general meeting yesterday. These include disposal of its 40 per cent stake in Piaget Singapore; its 40 per cent stake in Les Must De Cartier Singapore; and its stake in PBM
          51 words
        • Article
          Two Clob quotes for Berjaya
          56 22 SINGAPORE There will be two quotations for Berjaya on the Clob International exchange from today. Existing shares entitled to any dividend declared for the financial year to April 1994 will be quoted as Berjaya Industrial Berhad. Shares not entitled to any dividend will be quoted
          56 words
        • Article
          Lock icon MBf says no takeover talks
          75 22 Reuter SINGAPORE Malaysia's MBf Holdings Bhd said there were no negotiations for the sale of its shares in its unit MBf Capital Bhd. "We are aware that there is a rumour that one Joseph Chong is taking over MBf Capital Bhd. There are no negotiations
          Reuter  -  75 words
        • Article
          S'pore Land developing finance park
          50 22 SINGAPORE Shenton Holdings Pte Ltd, a subsidiary of property firm Singapore Land, has set up a new firm called S L Prime Development Pte Ltd with paid-up capital of $2. Its main activity will be to develop a finance park at the Tampines Regional Centre.
          50 words
        • Article
          Lock icon Sime Darby Pilipinas in rights offer
          86 22 Reuter MANILA Sime Darby Pilipinas Inc is to raise 351.6 million pesos (5520.44 million) in a one-for-four rights offering to fund its tyre plant expansion, documents filed with the Securities and Exchange Commission show. It is seeking SEC approval to issue 7,812,500 additional shares
          Reuter  -  86 words
        • Article
          Lock icon Tenaga in India power project
          77 22 Reuter KUALA LUMPUR Malaysia's state power firm Tenaga Nasional Bhd yesterday entered a memorandum of understanding with three other parties to undertake a private power project in India, Tenaga said. The other consortium members are two Malaysian firms, Usaha Tegas Energy Sdn Bhd and AMDB
          Reuter  -  77 words
      • Article
        Lock icon Berjaya associate Bridgecon gets nod to list on KL second board
        326 22 MBT KUALA LUMPUR Bridgecon Bhd, an associate of the Berjaya Group, is floating its shares on the Kuala Lumpur Stock Exchange second board. It will offer 2.99 million shares for sale at a price of M 54.40 each/ of
        MBT  -  326 words
      • Article
        Untitled
        426 22 MaMC**' pricat Sep 22 Mendaki Gr Fund 1.19 I 22xd@ ILlj Tn««t US Gr Fund 098 I 02* UfW% ll**l HUB iu The Commerce 1.68 1.78 ■fKl RI(I Liu The Savings Fund 1.62 1.71 Unifund 1.57 1.63 S pore Prof Fund 0.66 O.TOxd Unibond 1.035 1.065 S'pore Sec Fund 1.05
        426 words
      • Article
        Ganda misses deadline to get shareholders' nod for stock swap
        447 22  -  From Al Labita in MANILA MALAYSIA'S Ganda Holdings has failed to meet a Sep 12 deadline to seek shareholders' approval for a stock swap deal with listed Interport Resources Corp (IRC), which is facing an insider trading probe. In a
        447 words
      • Article, Illustration
        Lock icon Thai exchange proposes cross-border listings
        275 22 AFP BANGKOK The Stock Exchange of Thailand (SET) has asked the country's central bank to allow it to list companies operating outside Thailand in order to expand investment opportunities. A SET official said on Tuesday that it was understood that prime candidates for such "cross-border
        AFP  -  275 words
      • Article
        Lock icon Metroplex buys rest of equity in Metrobilt
        172 22 Bernama KUALA LUMPUR Metroplex Berhad has acquired the remaining 40 per cent equity interest in Metrobilt Construction Sdn Bhd (MCSB), comprising two million shares of Msl for M 52.48 million (551.43 million). A Metroplex statement yesterday said the acquisition would make MCSB, a
        Bernama  -  172 words
      • Article
        Lock icon New Khong Guan management on revamp warpath
        387 22 MBT KUALA LUMPUR With the recent changes in ownership in Khong Guan Holdings Bhd, it appears the new controlling shareholders are "cleaning house" in the aftermath of the Rakyat Merchant Bankers imbroglio. Sources said that with the new board of directors taking over
        MBT  -  387 words
      • Article
        Lock icon JG Summit to list financial services unit
        183 22 AFP MANILA Consolidated Robina Capital Corp (CRCC), the financial services, holding firm of ethnic Chinese tycoon John Gokongwei, is planning to go public to raise funds for further acquisitions and investments. Sources familiar with the undertaking yesterday said 791.15 million shares, representing about
        AFP  -  183 words
      • Article
        Lock icon Kwong Yik Bank eyes listing early next year
        285 22 Bernama KUALA LUMPUR Kwong Yik Bank Bhd, the country's oldest locally-incorporated bank, hopes to seek a listing on the Kuala Lumpur Stock Exchange early next year, its general manager (services), Zahridah Ismail, said yesterday. She said the bank, which was majority-owned by
        Bernama  -  285 words
      • Article
        Lock icon Mycom drops plywood plan, turns to beer
        448 22 Bloomberg Business News Bernama KUALA LUMPUR Malaysian gaming company Mycom Bhd has shed its planned entry into plywood processing and now proposes a joint venture to manufacture beer in China. In a statement last night to the Kuala Lumpur Stock Exchange, Mycom also
        Bloomberg Business News; Bernama  -  448 words
      • Article
        Lock icon Berjaya South Island up 62pc as Ahmad Sebi gains control
        182 22 Bloomberg Business News KUALA LUMPUR Stock in investment holding company Berjaya South Island Bhd rose 62.2 per cent after the company announced late in trading yesterday that it had a new controlling shareholder and chairman. The company will also change
        Bloomberg Business News  -  182 words
      • Article
        Untitled
        1013 22 Payment Ex Books Pay date close date Aema I 10 Oct 17 Oct 21 Nov 3 Alex Hides 50* b 6 Sep 6 Sep 12 Sep 22 AMDB 5§* b 3 Sep 15 Sep 29 Oct 28 Asia Pac Ld b 2TE Aug 10 Aug 24 Sep 23 Avimo 20*
        1,013 words
      • Article
        Aussie paper maker to buy into Indon company
        327 23  -  By Peter Osborne SINGAPORE Australian paper and packaging giant Amcor is set to buy a As2o million (5521.8 million) stake in one of Indonesia's largest box-making plants. Amcor's fibre packaging division has announced plans to take a 55 per cent stake in
        327 words
      • Article
        Lock icon Toshiba to spend US$ lb on expanded chip plant in Japan
        597 23 Bloomberg Business News TOKYO Toshiba Corp will spend around US$l billion (551.48 billion) over the next three years to expand production capacity at one of its domestic semiconductor plants. The company yesterday said the money would be spent on
        Bloomberg Business News  -  597 words
      • Article
        Lock icon NEC to build US$ lb chip plant in Scotland
        164 23 Bloomberg Business News TOKYO NEC Corp, the world's No 2 semiconductor maker, will spend about US$l billion (551.48 billion) on a new microchip manufacturing plant in Scotland. The company yesterday said that the plant would be built near NEC's existing Livingston
        Bloomberg Business News  -  164 words
      • Article
        Lock icon Japan's top securities firms slash profit forecasts
        179 23 AFP TOKYO Japan's Big Four securities companies yesterday slashed their pre-tax profit forecasts for the year to March, blaming lower commission income stemming from reduced turnover on Japanese stock markets. The four companies Nomura Securities Co, Daiwa Se- curities Co, Nikko Securities Co,
        AFP  -  179 words
      • COMPANY BRIEFS
        • Article, Illustration
          Lock icon Sanyo unveils 3-D video displays
          54 23 Reuter TOKYO Masuyo Namiki getting a closer feel of one of Sanyo's new 3-D video displays at an announcement here on Tuesday. While users do not have to wear glasses, they must sit a set distance from the fiat screen display to get a true
          Reuter  -  54 words
        • Article
          Lock icon Concern over Japan Tobacco's listing
          70 23 Bloomberg Business News TOKYO As in other initial stock offerings, the price of Japan Tobacco stock may climb too high when it begins trading on Oct 27, said Japan Securities Dealers Association chairman Sadakane Doi yesterday. He said he hoped there will be a new
          Bloomberg Business News  -  70 words
        • Article
          Lock icon Pfizer's Indian unit shows fastest growth
          82 23 Bloomberg Business News BOMBAY Pfizer Ltd, a subsidiary of America's Pfizer Inc, has grown the fastest among India's top 10 drug companies, according to the Economic Times yesterday. According to the Operations Research Group, a market research company which surveys retail sales, Pfizer's sales
          Bloomberg Business News  -  82 words
        • Article
          Lock icon Tata Tea bids for control of Asian Coffee
          103 23 Reuter BOMBAY Tata Tea Ltd, India's biggest tea company, is hoping to consolidate its hold on the country's cofice business by bidding for a controlling stake in a major coffee firm, analysts and trade sources said yesterday. Tata Tea offered to buy
          Reuter  -  103 words
      • Article
        Lock icon Japan Telecom, Nissan to set up car phone consortium
        203 23 AFP TOKYO Japan's Nissan Motor Co and Japan Telecom Co yesterday announced plans to set up a two billion yen (Ss3o million) venture with 39 other companies to provide car phone services in western Japan. The two companies said the new
        AFP  -  203 words
      • Article
        Lock icon Beijing closes Giordano retail outlet again
        239 23 Lastern Express HONGKONG The ill-fated Beijing retail outlet of Hongkong fashion retailer Giordano, controlled by Jimmy Lai, has been closed again by the Chinese authorities, barely two weeks after it reopened for business following a monthlong closure in August. Sources in Beijing said that
        Lastern Express  -  239 words
      • Article, Illustration
        Lock icon Rise in passengers helps Qantas return to black with A$ 156m full-year profit
        480 23 Bloomberg Business news SYDNEY Qantas Airways, Australia's flagship carrier, turned to profit in the year ended June 30, thanks to an increase in passengers on both its international and domestic flights. Qantas posted a profit of AS
        Bloomberg Business news; Reuter  -  480 words
      • Article, Illustration
        Telecom giant ABB Nera to step up presence in Asia
        487 24  -  By Jenny Lam SINGAPORE Norwegian telecommunications giant ABB Nera is stepping up its presence in Asia with additional investments of about $10 million next year and plans to double its offices in the region to 10 by the end ot
        487 words
      • Article, Illustration
        Lock icon Sony's out-of-this-world presentation
        46 24 Reuter LONDON l ooking like the interior of some sci-fi space station, this tunnel lined with Sony televisions forms part of the Live *94 exhibition at Larls Court. Ihe exhibition provides an opportunity for people to try out the latest electronic gadgets. Reuter
        Reuter  -  46 words
      • Article
        Lock icon BNP's interim profit jumps 75pc to 914 m French francs
        226 24 AFP PARIS Major French bank BNP has turned in a group consolidated net profit of 914 million French francs (***** million) for the first six months to June this year, up 75 per cent from 522 million francs for the
        AFP  -  226 words
      • Article, Illustration
        Lock icon Bell South latest to challenge US$ 1.5b AT&T/ McCaw merger
        379 24 Bloomberg Business News WASHINGTON Bell South Corp will challenge the marriage of AT&T Corp and McCaw Cellular Communications. becoming the third "Baby Bell" seeking to retroactively scuttle the USSII.S billion (5517.48 billion) merger. Bell South will file two appeals: one
        Bloomberg Business News; Reuter  -  379 words
      • Article
        Lock icon Pearson to break up historic Longman in revamp of book publishing
        316 24 Bloomberg Business News LONDON Pearson pic said on Tuesday that it will break up Longman Group, Britain's oldest commercial publisher, in a reorganisation of its worldwide book publishing businesses. The move triggered the resignation of Paula Kahn. Longman's chief
        Bloomberg Business News  -  316 words
      • Article
        Lock icon Federated to merge store unit into Macy division
        187 24 AP CINCINNATI Federated Department Stores Inc. as part of the planned December merger with R H Macy and Co Inc. said on Tuesday it will merge one of its store groups into the Macy's [last division. The consolidation of FederAbraham and StrausJordan
        AP  -  187 words
      • Article
        Lock icon First-half profit at British Aerospace soars
        196 24 Bloomberg Business News PARIS British Aerospace pic said yesterday first-half profit more than quadrupled, rising to £90 million (SS2O7 million) before tax and exceptional items, from £20 million in the first half of 1993. The UK aerospace and defence group had one-time gains of
        Bloomberg Business News  -  196 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Derivatives vital to healthy capital markets: US expert
        379 25  -  By R Sivanithy SINGAPORE Derivatives are not a selective luxury, they are essential and indispensable to the development of healthy capital markets, said Mr Leo Melamed, chairman emeritus of the Chicago Mercantile Exchange yesterday. Speaking at the opening of the East West
        Photo by Arthur Lee  -  379 words
      • Article
        Lock icon Small banks in Hongkong have big future, says Smith New Court
        380 25 Eastern Express HONGKONG The big Hongkong banks are set to underperform and the winner's palm in the future will go to smaller niche banks, says Smith New Court in its latest Hongkong bank industry report. The bigger banks have
        Eastern Express  -  380 words
      • Article
        Lock icon CS Holding launches rescue package for Swiss regional bank
        307 25 FT ZURICH CS Holding, the international financial services group built around Credit Suisse, yesterday launched a 905.6 million Swiss franc (551.04 billion) rescue package and agreed takeover bid for Neue Aargauer Bank, Switzerland's largest regional bank. The move follows a review
        FT  -  307 words
      • Article
        Lock icon Insurers take big risks with derivatives, says S&P
        148 25 Bloomberg Business News NEW YORK Many insurance companies are taking big risks speculating with complicated derivatives contracts, says Standard Poor's, a cred-it-rating company. Insurance companies hold about US$3OO billion (***** billion) in derivatives and other complex securities, such as those tied to
        Bloomberg Business News  -  148 words
      • Article
        Lock icon BHF-Bank to adopt corporate form of joint stock company
        287 25 Bloomberg Business News FRANKFURT Berliner Handels und Frankfurter Bank KGaA is planning to adopt the corporate form of a joint stock company, or AG, as part of a restructuring designed to make it "a leading European advisory and trading bank". BHF-Bank
        Bloomberg Business News  -  287 words
      • Article
        Leading fertiliser maker in India to raise US$ 60m
        326 25  -  By Shiv Taneja SINGAPORE One of India's largest fertiliser makers, Gujarat Narmada Fertiliser Co, aims to raise US$6O million (about $88 million) in the international capital markets through an issue of global depository receipts. Top officials of the firm, with lead
        326 words
      • SMALL CHANGE
        • Article
          Lock icon Taiwan firm to raise US$ 65m overseas
          84 25 Bloomberg Business News TAIPEI Fou Chen Corp, one of Taiwan's makers of footwear, has applied to the Seeurities and Exchange Commission to raise US$65 million (SS96 million) through a bond sale overseas. Pou Chen planned to use the funds for investments in Vietnam
          Bloomberg Business News  -  84 words
        • Article
          Lock icon Manila bank resources hit US$ 31.8b
          84 25 AFP MANILA The total resources of the Philippines' 32 commercial banks reached US$3l.B billion at the end of July. Documents from the Central Bank, released yesterday, showed that the figure was a 1.7 per cent increase from the end of June. The documents did
          AFP  -  84 words
        • Article
          Lock icon Sanwa unit to lead-manage FRN
          92 25 AFP TOKYO A unit of Japan's Sanwa Bank Ltd plans to lead manage the first floating rate note (FRN) issue in Hongkong dollars by a Japanese company. A spokesman yesterday said the four-year issue by Chugoku Pearl Co Ltd, an unlisted Tokyobased packaging materials maker
          AFP  -  92 words
        • Article
          Lock icon Taiwan eases controls on TDRs
          88 25 Reuter TAIPhI Taiwan will lift controls on capital inflow and outflow on Taiwan Depositary Receipts (TDRs) to encourage foreign enterprises to issue TDRs on the island to raise funds. Central bank governor Liang Kuo Shu yesterday said: "We welcome blue chips to issue TDRs in
          Reuter  -  88 words
      • Article
        Lock icon KL opposition to revive Bank Negara loss issue
        338 25 AFP Reuter Knight-Ridder KUALA LUMPUR A parliamentary panel has cleared Malaysia's central bank of wrongdoing after it suffered massive foreign exchange losses, but the decision reported on Tuesday has been criticised by opposition leaders. Jamaluddin Jarjis, chairman of parliament's Public Accounts Committee
        AFP; Reuter; Knight-Ridder  -  338 words
      • Article, Illustration
        Lock icon Russia upsets apple cart after Azerbaijan oil contract signed
        476 26 FT MOSCOW The largest deal between foreign oil companies and a former Soviet republic was signed on Tuesday in the Azerbaijani capital Baku but Russia immediately refused to recognise the deal. The refusal, from Grigory Karasin, chief spokesman for the Russian
        FT  -  476 words
      • Article
        Lock icon Mobil drills well in disputed area off Vietnam
        526 26 Reuter SINGAPORE The US oil giant Mobil Corp has begun drilling a well off Vietnam which analysts said could prove pivotal for the future of both Vietnamese-Chinese relations and the pace of Vietnam's energy development. Mobil Corp and Japanese partners are drilling
        Reuter  -  526 words
      • Article
        Lock icon Japanese copper smelters unmoved by govt assurance of recovery
        481 26 Reuter TOKYO Japanese copper smelters will keep production at current levels in the second half of fiscal 1994, ending next March, despite a government assurance that the economy is moving towards recovery, industry sources said. The main reason for keeping production
        Reuter  -  481 words
      • Article
        Lock icon China unperturbed by rising wool prices
        154 26 Reuter SHANGHAI China is committed to developing its wool industry despite rising prices for raw wool and problems in its crumbling state-run mills, the head of an Australian wool delegation said. "The key issue is that the Chinese are committed to the industry." said
        Reuter  -  154 words
      • Article
        Lock icon Chinese sugar smugglers reaping big profits
        391 26 Reuter HONGKONG Renegade Chinese traders are importing sugar from Vietnam using barter licences to avoid paying import taxes and then taking advantage of high domestic prices, trading sources say. "It's smuggling." said a trader in Shanghai yesterday. "And there's a lot of money being
        Reuter  -  391 words
      • Article, Illustration
        Untitled
        1471 26 I laJe 'u ifhuil inje\ cakulauii aram\l S'punr's lop 14 trailing partner\ Bast- year 19Hf US$/S$ forward rates Noon Sep 21 s$" Bid Offer 1-month 1.4746 1.4761 2-month 1.4736 1.4751 J-month I 4725 1.4740 6-month 1.4892 1.4712 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on Sep 21 Singapore
        1,471 words
      • Article
        Futures fall on higher US inventories
        287 26 Bloomberg ENERGY REPORT LONDON Oil futures declined for a second day after the American Petroleum Institute reported an increase in US inventories, suggesting demand is slackening. At 4.15pm London time. Brent crude for November settlement was five cents down at USS 16.08 a barrel,
        287 words
      • Article
        Lock icon Currency Reports: London
        220 26 Reuter LONDON The dollar spent an uneventful session hemmed in narrow ranges with the little action there was centred on the mark crosses. Upside is capped by concerns over the lack of progress in trade talks between the US and Japan and the proximity of the Sep
        Reuter  -  220 words
      • Article
        Lock icon New York
        81 26 AFP NEW YORK The dollar was mixed yesterday, gaining ground against the yen but remaining stable against the mark. Gold rose US$l.4O at USS39S an ounce from Tuesday's close. In early morning trading, the dollar was at 1.5515 marks and at 97.90 yen from Tuesday's 97.60. The dollar
        AFP  -  81 words
      • COMMODITIES & FUTURES
        • Article
          Euroyen up on firm Nikkei futures index
          1374 27 SiMEX REPORT SINGAPORE Simex Euroyen contracts ended firmer as investors took comfort from an improvement in the Nikkei futures index. "We basically took our lead from the Nikkei," said one trader. The stock market index had been expected to weaken after sharp falls
          1,374 words
        • Article
          KL tin rises in tandem with London
          676 27 COMMODITY REPORTS KL Tin Tin rose nine sen to close at MS 13.31 a kg as prices rebounded in London. "The market is firmer with good demand." a dealer said. The market was firm as prices rose USSIO in London overnight, although the
          676 words
        • KNIGHT-RIDDER COMMODITY SUMMARY
          • Article
            Japan aluminium premiums surge
            52 27 TOKYO Premiums for delivery of spot aluminium to Japan are up more than 10 per cent in the past two weeks as buyers scramble to obtain tightening supplies. Premiums to Japan have surged to USSI4O (SS2IO) a tonne over the LME price, compared with US$l2O-US$l25 two
            52 words
          • Article
            US corn harvest best in 2 decades
            47 27 WASHINGTON Near-perfect growing conditions this year have produced one of the best US corn crops in "the past 20 years", USDA Chief Meteorologist Norton Strommen said yesterday. Earlier this month, USDA forecast the US com crop at 9.26 billion bushels.
            47 words
          • Article
            India lifts export ban on cotton
            57 27 NEW DELHI The Indian government announced on Monday that it would lift an export ban and allow cotton exports of 500,000 (170 kg) bales in the 1994-95 (Sep-Aug) season. Initially, 500.000 bales will be exported. Additional export quotas will be considered after a review
            57 words
          • Article
            Rise in oil prices to boost gold trade
            67 27 ABU DHABI The summer rise in oil prices is expected to translate into improved demand for gold in the Gulf, according to the World Gold Council. The WGC said that as a result of the higher oil prices, the fall in demand
            67 words
          • Article
            Australia considers importing grain
            52 27 SYDNEY Australia's drought-inflated domestic feedgrain prices have forced anxious endusers to apply to a government authority for clearance to import feedgrain. The Australian Quarantine and Inspection Service said yesterday applications are being assessed according to the country source, type of grain, processing involved and transport logistics
            52 words
      • Article
        COMMODITY PRICES
        1486 27 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Oct 94 198 00 198.00 197.75 50 1600 Nov 188.50 3400 Dee 185 00 183.50 183.75 500 3900 Jan/Mar 95 179 50 179.50 179.75 225
        1,486 words
      • REGIONAL STOCK MARKETS
        • Article
          Australia
          1074 28 -18.5 Tilt bourse sunk to a nineweek low yesterday amid a flowon effect from an overnight sell-off on Wall Street. The market indicator, the All Ordinaries Index, slumped 18.5 points to 2,026.6. the lowest closing level since it reached 2,007.7 on July 14. "The market was affected by the
          1,074 words
        • Article
          Manila
          659 28 +0.27 Stocks managed to shrug off the downturn in the Dow Jones, but barely moved amid a continuing drought of any major positive developments. The PSE Composite Index rose 0.27 points to close at 2,920.46. Turnover was 2.51 billion shares valued at 1.36 billion pesos. A dealer said that
          659 words
        • Article
          New Zealand
          374 28 -12.49 Shares clawed their way back after an early fall to end within sight of their starting point. The NZSE-40 Capital Index closed 12.49 points lower at 2,074.83, after gapping nearly 30 points in the open after a 67-point fall on Wall Street. "Most people are probably a
          374 words
        • Article
          Bombay
          139 28 +20.62 Shares ended higher on late buying by domestic mutual funds, reversing an early downtrend that continued until after mid-session, brokers said. "There was some late support from domestic financial institutions which saw the market gathering momentum," said one broker. The 30-share BSE Index closed 20.62 points higher at
          139 words
        • Article
          Taipei
          608 28 -48.80 Stocks yesterday posted modest losses in slow trading, with the construction sector hit hardest. Eroding a 67.04-point advance made during the previous session on Saturday, the 380-is-sue Weighted Price Index lost 48.80 points to finish at 6,999.44. The market was closed Monday and Tuesday for the Mid-Autumn festival.
          608 words
        • Article
          Untitled
          326 28 Seoul Sep 16 Ankuk Insurance 2045 00 25 00 Asia t emenl 3W.00 13 00 Baik V ang *****0 2000 Bank (MIVJl ***** unch Bank Of Pusan 2*2 00 Bou kuo4 131.00 unch Bvuck Saa ***** unch Choi SytMhe Te*l 416 00 00 <1wog Kun Dang 32S00 4 10 00
          326 words
      • WORLD STOCK MARKETS
        • Article
          London
          683 28 -22.5 STOCKS fell for a 10th time in 12 days as mounting concerns about interest rates in Britain, the US and Germany set shares on a rollercoaster ride. The FT-SE 100 Index declined 22.5 points to 3,014.8. It was the lowest level for the index since July 13. "Equities
          683 words
        • Article
          Zurich
          267 28 1.0 Swiss stocks closed mixed after US shares extended Tuesday's slump amid speculation that the Federal Reserve will raise interest rates next week. Swiss Reinsurance led advancers on the SMI Index, as investors pushed the shares up 4 per cent ahead of the release next week of the company's
          267 words
        • Article
          Milan
          133 28 +60 Italian stocks closed higher for the sixth day in seven sessions as pected interim earnings triggered a wave of buying. All companies must report their first-half figures by the end of the month. Many of those already released have proven encouraging, and the market anticipates more of the
          133 words
        • Article
          Amsterdam
          293 28 -0.46 Dutch shares closed down a touch after a lacklustre session, unable to break out of a narrow three-point trading range. Turnover was moderate to low. "It's been a horribly quiet day, 4 said one dealer. The AEX index closed down 0.46 points at 401.09. Dealers' near-term forecasts reflect
          293 words
        • Article
          Stockholm
          102 28 -10.73 Sweden's OMX Index closed 10.73 points lower at 1,103.81 after prime minis-ter-elect Ingvar Carlsson said his left-wing Social Democrats will form a minority government. Investors had hoped that following Sunday's election in which the Social Democrats captured 45.6 per cent of the vote the party would form a
          102 words
        • Article
          Paris
          113 28 -22.07 French stocks fell one per cent, pulled down by US markets, as concerns about higher US interest rates prompted a sell-off. The CAC-40 Index fell 22.07 points to 1897.18, its lowest level since July 6. Paris Sep 21 ft \ir l KjuKlr ***** -2.00 Alcad Ami hum 53*
          113 words
        • Article
          Frankfurt
          201 28 +0.54 German stocks rose, to recover from Tuesday's lows, after news of slower German money supply growth rekindled hopes of further cuts in interest rates. The DAX Index closed at 2,079.50, for a gain of 0.54 point. "Those M 3 figures gave us some sort of a kick today,"
          201 words
        • Article
          Brussels
          137 28 -6.09 Belgian stocks fell as US shares opened lower after a former Federal Reserve governor said the Fed will raise US interest rates next week. "It was all on the back of a drop in New York." said a trader. The Bel-20 Index fell 6.09 points to close at
          137 words
        • Article
          Untitled
          715 28 Britannia Funds Sterling ash Bid Offer Mim Cap Depout W 6400 31 6500 Milt lay) G4 0.119) 0 1992 Mini Mai Income *0 MOO "***** I S$ Cash Income Plin Fund 9 5200 I00J00 PSS Rncoc f und -J.II00 5 3200 0 4592 ***** Far Eaa Fund *2 7650 *2
          715 words
        • Article
          Johannesburg
          339 28 -70 Gold shares took the lead for the second day running yesterday, encouraged by bullion testing higher, but selected industrials slumped on some big sell orders and generally negative sentiment, dealers said. "Gold shares were reluctant to move with gold at US$ 393/94 and there was some selling into
          339 words
        • Article
          Toronto
          244 28 -6.80 Stocks extended Tuesday's steep losses as North American bond markets continued to founder under the weight of rate jitters. But precious metals, buoyed by higher gold prices, kept the market from sagging further. "People are a little reluctant here to get into things." said one trader. "It's staying
          244 words
        • Article
          New York
          736 28 -27.59 The Dow Jones Industrial Average was down 27.59 points to 3,841.50 at 11am EDT. The NYSE Composite Index was off 0.92 to 254.99, while Standard poors 500-stock index was down 1.83 to 461.53. Declines pounded advances 1,160-566 among the 2,537 issues crossing the NYSE tape. Volume was
          736 words
      • Article
        HONGKONG
        2822 29 The Hongkong stock exchange was closed yesterday for the Mid-Autumn Festival Vol 20 lik$ High Low (*000) Ft ASM Pacific 5 650 unch 5 650 5 650 15.7 AWT World Tianspon I 170 unch I 170 I 160 500 7 5 AcmeLandis 0 730 +0.020 0.730 0.730 100 4.1
        2,822 words
      • Article, Illustration
        Lock icon CHINA
        168 29 Bloomberg Business News SHANGHAI B shares rose in very light trading as volume fell because of Hongkong's Mid-Autumn Festival. The Shenzhen B share market was closed. Both Chinese exchanges depend on orders from Hongkong for much for their volume. The CLSA Shanghai B Index rose 6.12 points, or 0.66
        Bloomberg Business News  -  168 words
      • Article, Illustration
        Lock icon TOKYO
        2548 29 Reuter TOKYO Stocks ended with moderate gains after overcoming initial bruised sentiment From sharp falls in Wall Street and the dollar overnight. Traders said dogged buying from public funds to support the market and shortcovering by dealers propelled prices higher. The Nikkei Average ended ahead 48.11 points to 19,885.38.
        Reuter; Source: Bridge Info  -  2,548 words
      • Article, Illustration
        Lock icon BANGKOK
        1830 29 Reuter BANGKOK Stocks clawed back gains from a sharp fall in the early morning on buying of finance and communications sectors. The SET Index closed 1.93 points higher at 1.531.98 after falling as low as 1,506.90 in the morning on 7.73 billion baht turnover. Falls led rises 161 to
        Reuter; Source: Bridge Info  -  1,830 words
      • Article, Illustration
        Lock icon JAKARTA
        1028 29 Reuter JAKARTA Share prices closed lower across the board in dull and directionless trading, brokers said. "The market is fundamentally strong but the holiday in Hongkong is cutting off plenty of foreign fund managers based there while others seem to be sitting out the day on the sidelines." a
        Reuter; Source: Bridge Info  -  1,028 words
    • Article
      CLOB INTERNATIONAL
      2490 30 MOST ACTIVE volume I MB! H lilts W »1.204.000 MBt Capital ll .4W.000 MBf Hldgs TSK*M>. 20.73*000 r Multi-Purpose IUW.000 kemavan Corp 10.581.000 Bei)a\a In«i WJWI VSH XV »».455.000 kamunling 50e 8.893.000 Magnum t orp MX: 8.834.000 Berjava L WtW H 385.000 Mulli-PWt 7.077.000 Idris H>d Nk. 6.749.000
      2,490 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Renewed speculation on election boosts stocks
        6003 30 Bloomberg Business News KUALA LUMPUR Stocks rose to an eight-month high as renewed speculation about a general election drowned out concern about the plunge on Wall Street. "There's strong rumours of an election sometime in November," said a dealer. The Composite Index rose 5.49
        Bloomberg Business News; Source: Bridge Info  -  6,003 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8225 31 MAIN BOARD Transaction date: Sep 21 ___________________j tit U M VVl 1444 IjM Vol D»> IjslQiwte "ii l>»» Md Nel A»g High lot* Company Suit ('000) High l.ow Bu>er Seller N C »r S P/E 5mil Pricf INDUSTRIAL AND COMMERCIAL 1440 815 mi Vim 1000 cd-20 311 1020 1000 1000
        8,225 words
      • Article, Illustration
        Lock icon Prices fall as CPF investors sell to lock in profits
        1931 32  -  By R Sivanithy SINGAPORE Local equities were dealt a heavy blow yesterday by the severe overnight weakness on Wall Street, but falls were cushioned by the strength of the Malaysian market. Traders said stocks here were weaker because of selling
        Charts by Bridge Info; Source: Bloomberg  -  1,931 words
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      189 21 NEWS VALUE How today's news might affect your slocks Twin-cabin truck distributors face million-dollar losses (pg 1) Distributors can easily absorb the losses. Singapore's electronics trade set to top $100b this year (pg 1) Broadly speaking, outlook is good for the many listed electronics companies. HOB crackdown consigns second mortgages
      189 words
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      101 words
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      408 25 M THE MATTER OF THE COMPANIES ACT, AND M THE MATTER OF MTEREAST PTE UMTTEO (Incorporated in the Republic ot Singapore) NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the members of INTER EAST PTE LIMITED duly convened and held at 15 Scotts Road. #08-04 Thong Teck Building.
      408 words
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      42 27 Past midnight? It's not too late to respond to a Classifieds ad. Leave your name, telephone number and message in the advertiser's ClassiFone mailbox and let him call you as soon as he can. ClassiFillNE*l* CAXt An SP H AudloTm S«rvlc« I
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      Page 27 Advertisements Column 2
      41 27 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 lines to get the full picture. Companies fit Markets. Everyday. BiEinessTimes
      41 words
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      Page 28 Advertisements Column 1
      26 28 Piaget. True values never change. Placet Boutique and Service Centre: raiiwV *01-01 Mandarin Shopping Arcade. J The Mandarin Singapore, 333 Orchard Road, Singapore 0923Rectangular p mechanical
      26 words
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      Page 29 Advertisements Column 1
      175 29 I Over 30 years of experience has led S venson to the Single Hair System ihSm Svenson Hair Center has helped thousands of people counteract hair and scalp m problems with their unique formulations based on research gathered from leading v institutions the world over. With years of technological development
      175 words
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      Page 30 Advertisements Column 1
      65 30 A Timely Investment. sole Agent DICKSON WATCH JEWELLERY (S) PTE LTD |M|fjL I A wholly owned subsd,ary of DICKSON CONCEPTS (INTERNATIONAL) LIMrTED I t^Wf H T\ RM El Available at: A A A ■44 ■■M DICKSON WATCH JEWELLERY: THE PROMENADE 300 Orchard Road #01 -03 Singapore 0923 Tel: *****00 CENTREPOINT
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      Page 30 Advertisements Column 2
      4 30 Tomorrow in Business Times
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      63 31 SINGAPORE the HOUR GLASS Tokashimaya Shopping Centre Tel *****20 Lpfa. Lucky Plaza Tel. *****62 Scotts Tel *****27 Centrepoint Tel *****98 Peninsula Plaza Tel *****09 Raffles Hotel Tel *****41 World Trade Centre ttlf'wT/?)) Tel *****51 Changi Airport Terminal 1 (West Wing) Tel *****60. Terminal 2 (South Wing) /l/ Tel *****81 MALAYSIA
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      Page 32 Advertisements Column 1
      26 32 B U S 1 NL_E_S_JL_J__L_M— \Cw" EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. f Business Times WE KNOW ASH
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      Page 32 Advertisements Column 2
      318 32 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 HAMPTON PROPERTY INVESTMENT PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 15 Scolts Road »08 03 Thong Teck Building Singapore 0922 on the 15 September 1994 the following resolutions were duly passed
      318 words
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      Page 32 Advertisements Column 3
      263 32 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF JEAN-CLAUDE (SINGAPORE) PTE LTD (hi M—h»i' Vote toy Uqtfdrtlw) NOTICE IS HEREBY GIVEN pursuant to Section 308< 1) o( ihs Companies Ad. Cap. 50 that the Final Meeting o< Members ol the above-named Company win be
      263 words
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      Page 32 Advertisements Column 4
      195 32 NOTICE BANK DAGANG NEGARA Cayman Islands Branch U5575,000,000 Negotiable Floating Rate Notes due September 1997 In accordance with the provisions of the Notes, notice is hereby given that for the Interest Period from 22 September 1994 to 22 March 1995, the Notes will carry an Interest Rate of 5.8125% per
      195 words
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      Page 32 Advertisements Column 5
      353 32 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GLICINA SHIPPING PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of the Glicina Shipping Pte Ltd duly convened ana held on 19
      353 words
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  • Shipping Times
    • Article, Illustration
      Lock icon Osprey Maritime keen to invest in new product tankers to boost fleet
      450 33  -  By Rahita Elias SINGAPORE Osprey Maritime is on the lookout for new product tankers to boost its liquid bulk carrier fleet. Chairman Tim Cottew yesterday told reporters after the official opening of the company's new office here: "We
      Photo by Arthur Lee  -  450 words
    • Article
      Lock icon Florida carriers await end of embargo on Haiti
      647 33 Merchants eager to resume business with Caribbean country Reuter MIAMI Florida merchants and cargo carriers who used to trade with Haiti waited eagerly on Tuesday to learn when the United Nations will lift the embargo against the Caribbean country. "As soon as
      Reuter  -  647 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      811 33 Page Col Accord Group 8 1-3 Ahlers Lines 13 5 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line, The 9
      811 words
    • Article
      Hong Leong unit, Li Ka-shing tie up in Philippine port project
      288 33  -  From Al Labita in MANILA THE Philippine flagship of Malaysia's Hong Leong group is forming a joint venture with Hongkong tycoon Li Ka-shing to build a US$l4O million (Ss2lo million) international container port here. Guoco Holdings Philippines (GHP) will
      288 words
    • Article
      Lock icon Dry cargo shipping rates surging
      127 33 Reuter NEW YORK Shipping rates for dry cargoes are edging up and will continue to increase, brokers said on Tuesday. Cargill fixed the Sea Yalikoy for a US Gulf/Japan voyage at US$25 (5537.50) a long ton. It also fixed 30.000 long tons wheat at U5529.50
      Reuter  -  127 words
    • Article
      Lock icon Global Marine and Sonat see rig rates rising next year
      674 33 Bloomberg Business News HOUSTON Executives with Global Marine Inc and Sonat Oflshore Drilling Inc said both companies expect improving day rates for offshore drilling rigs next year as fleets of aging rigs are finally retired. Rates are now at around
      Bloomberg Business News  -  674 words
    • Article
      Daily Freights
      1453 34 FREIGHT market rates again posted increases and despite various national holiday in the Far East, charterers have been responsible for a high volume of business in the region, brokers said. Business in the Far East particularly included time-charters of panamaxes in the Pacific, with new highs for the
      1,453 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      13349 42 This is a list of ships loading at Singapore for ports around the world. 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
      13,349 words
    • Article
      SHIPPING AGENTS
      3367 47 A 1 a.B( Containerline NV: Belsin Shpg ggencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Xecord (.roup; Accord Shpg Pte Ltd (Sy Accord Contr Line (PK/PN). Xdkris Business orpora tion Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg A *rdg(S). Albatros Sea-Air Service: Frata
      3,367 words
    • Article
      COURIER SERVICES
      278 47 Abacus Couriers Tel: 545-8011. Fax: 545-1898 Air Express Iwd Tel: 533-5771. Fa*: 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Tel. 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. its-I ink International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Senices
      278 words
    • Article
      AIR FORWARDERS
      1509 47 Abe* Express Freight Td: 542-7171. Pax: *****84. Actinic Forwarder Td: 225-1833. Fa*: *****42. \cli»»ir Singapore Td: 542-7822. Fax: *****20. Aeroliak Freight International Td: 545-8033. Fa*: *****05. toMfM4 Td: 542-5911. Fa*: *****18. Air Cargo Novo F.xpress Td: 542-5454. Fa*: *****06 Air Express International Td: 542-7666 Fa*: *****74. *****50. Air
      1,509 words
    • Article
      PORT CONDITIONS
      2697 48 ALBANIA Durres: Two vessels in port operating of which 1 discharging fishmeal, I break bulk, 2 vessels in roads awaiting berths of which I to discharge gasoline. 1 bulk wheat. ARGENTINA Santa Fe, Diamante: No vessels berthed, none in roads. San Lorenzo: Five vessels berthed of which 2
      2,697 words
    • Article
      CRUISE & FERRY SCHEDULES
      435 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA EI'D Forts of Calls Port Agent 1 eteP hone No SEPTEMBER 23 23 Renaissance 2 1000 1930 Cruise to Nowhere Lines Int'l Holdings 224-2763 23 23 Leisure World 1000 2015 Cruise to Nowhere New Century Tours Corp 227-8284 23
      435 words
    • Article
      SHIP SALES & TANKER RATES
      618 48 SHIP SALES TANKER RATES ALTHOUGH not such a high volume of sales have been reported this week, the market in general has still remained very active, once again especially on the dry bulk side. The reported US$l4.3 million which was achieved by Coulouthros in the sale of their panamax bulker
      618 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        514 49 twwl Voy Wo Bwtti Annul Ptparture Ve«H Voy Wo 8«fth Arrtval Ptpartue Jurone Port Batam Speed3 A9494* P01A 7209/1500 2209/1600 Austrakan Grand 59 110 alongside 2209/1200 Man SpeaO ****** P01A S.M/0/M ??j5'!5S2 Batam torn, 09/06/9* J12 alongside 22 09/2300 Batam S«eed4 ****** P01A 2109/1900 CaMei Stat >16
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        CONTAINER SCHEDULES
        1356 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Record Bookinf/Balance Rsits Ship Voy No Etb/Btr Period From To From tn bdt 2046 23/1100 IB 21/1500 21/16S9 21/1*0 3 22/0700 22/1159 22/1*0 4 22/1200 22/1459 22/1/00 ka lit 054A 24/1/00 3
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        VERITAS BUNKER QUALITY REPORT
        566 49 Caftan S«p 15 Mi Atamwn S«taw» I M/M Enaa KG/M*3 V/V N/N M/M BO/Omc 1Mb Spec £25 991 10 15.0 010 30* 0.10* Spec G35 991 10 18 0 0.15 30* O UT tartan Empe 180 Ave 979 0.2 12.7 0 05 9 002 180 Ma*
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      • Article
        COCKETT BUNKER MARKET REPORT
        843 49 '< 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
        843 words
    • Article, Illustration
      Paint makers face new challenges over green laws
      1095 50  -  Now that basic compounds like tin, lead and coal tar are on their way out, manufacturers are looking to make their environmentally safe paints more effective in areas of the ship that were previously of low priority. Shibly INabnan reports Shibly Nabhan
      1,095 words
    • Article
      TRANSPORT DIARY
      290 50 COURSES Title: lATA-FIATA Advanced Air Cargo Rating Duration: Sep 26 Oct 1 Organiser International.Air Transport Association Tel: For more information contact Laura at 331-0417 or fax: 339-1815. Title: Standard Trading Conditions (SDF 70%) Duration: Sep 27 Nov 8 (7 evenings) Organiser Singapore Freight Forwarders Association Tel: For more
      290 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Air France, Sabena to make decision on alliance soon
        408 52 Reuter BRUSSELS French carrier Air France and Belgian airline Sabena are close to a decision on whether to continue their alliance, a spokesman for Belgian Communications Minister Elio Di Rupo said on Tuesday. A decision will depend on a report on
        Reuter  -  408 words
      • Article
        Lock icon KL-Aussie group plans to build light planes in Sarawak
        198 52 Reuter KUALA LUMPUR A Ma-laysian-Australian consortium plans to manufacture an Aus-tralian-designed light aeroplane in Malaysia's north Borneo state of Sarawak, the News Straits Times newspaper reported yesterday. The consortium has proposed setting up a joint venture company with the Sarawak state
        Reuter  -  198 words
      • Article, Illustration
        Hold up
        51 52 BOMBAY Tonnes of wheat lay scattered across railway tracks here on Tuesday as work progressed to clear up two wagons of a goods train that derailed on Monday. Sixteen wagons of the train which was carrying a huge consignment of wheat went oil the tracks, disrupting suburban train
        51 words
      • Article
        Lock icon Union workers set strike deadline at key GM complex
        399 52 AP DETROIT Twelve thousand workers at a key General Motors factory complex will strike next week unless a dispute over stafT levels and overtime is settled, the United Auto Workers union told GM on Tuesday. A walkout at Buick City in
        AP  -  399 words
      • Article
        Lock icon Pioneer boosts rail car fleet
        90 52 Bloomberg Business News CHILLICOTHE, Illinois Pioneer Railroad Equipment Co said it has increased its rail car fleet to 400 with the purchase of 77 grain cars from Santa Fe Railroad Co for an undisclosed price. Pioneer Railroad, a unit of Pioneer Railcorp, said that the
        Bloomberg Business News  -  90 words
      • Article
        Lock icon Number of new Aussie cars slows
        105 52 Bloomberg Business News CANBERRA Australian new car registrations in August fell 6.2 per cent after a 0.2 per cent decline in July, the Bureau of Statistics reported yesterday. Registrations declined 4.6 per cent on the year. The bureau said there were 48,795 cars registered
        Bloomberg Business News  -  105 words
      • Article
        Lock icon French car group rapped for EU claim
        91 52 Reuter BRUSSELS The European consumer's group BEUC filed a complaint with the European Commission against France's car industry association and Renault, Peugeot and Citroen charging them with obstructing the European Union's single market in cars. The group said the industry group CNPA had
        Reuter  -  91 words
      • Article
        Lock icon UK rail union in bid to break deadlock
        75 52 Reuter LONDON Britain's rail workers' union and railway employers are to hold a fresh round of peace talks in an attempt to break the three-month deadlock in their pay dispute, arbitration officials said. Negotiators from the Rail, Maritime and Transport union were
        Reuter  -  75 words
      • Article
        Lock icon European car makers see brighter future
        626 52 Big Six predict improved earnings as demand picks up Reuter BONN European car makers are finally seeing an acceleration in demand and profits after crawling through their worst recession in half a century last year. But they still have a tough road ahead to
        Reuter  -  626 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1368 52 atg nw rr» right rre Abu Dtubi GF146 1120 GF147 1850 GA985 1130 SQ441 1505 GA883 1545 Adelaide Qf81 1925 QF82 2055 SQ228 1955 Amsterdam K1843 0505 KL838 2300 SQ25 0630 SQ26 2355 GA975 1205 KL837 1450 Mm* SQ347 0740 Auckland SQ286 2040 BAM 1505 SQ288
        1,368 words
      • Article
        Lock icon US Air crash: pilots say they had no clues about violent winds
        386 52 AP CHARLOTTE, North Carolina The two pilots of USAir Flight 1016 said on Tuesday they had no solid clues they were entering a violent burst of wind until their plane fell from the sky here and slammed into
        AP  -  386 words
  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      36 33 2 New Services to Far East RTA Arriving Wed to Pusan Incheon lAX Arriving Fri to Tokyo, Osaka Yokohama jHotlme *****30| Paint makers face new challenges, Pg 18 Decision on Air France-Sabena alliance soon, Back Pg
      36 words
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      Page 33 Advertisements Column 2
      25 33 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contxt Shipping Times: Tel 740-2089/740-2090
      25 words
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      Page 33 Advertisements Column 3
      28 33 the FAMOUS IIISIOSt ■■MlllglJ 224 1833 For more information please refer to Pg. 13 PLAY SMART Be part of the good life. Lifestyle. Everyday. S!NIiAK>R£ Business Times WFJtMMTAUA
      28 words
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      Page 34 Advertisements Column 1
      2111 34 iW.<r*oTl7,.,. IMPORT.... IMPORT.... 1 NORTH AMERICA] I OTHOR DESTINATIONS I I WORTH AMERICA 1 f TO .A«T CO»«T Barm AM—flA MKYIW _J I H mvsn WT ST«£ U OAK *CR St* DAI HOUSTON CMC NT UUCP QTT VESSEL STOK MIPS APES MOWTEWEO MO lAKPO SWOPS WW PALMRA PARANAGUA VESSELVOY HQ
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      Page 35 Advertisements Column 1
      1950 35 h OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES 03 *****76 S Tax" J}-'*****42 CFS 03-*****42 N C UMBrR MENT ROAD 32 2 S 4 O^ UTH^,NT S,NGAPORE 0208 JSSS lit 624,44 FAX *****1 CR NUMBER: **********0 C .oriu TFI «U?701/4 FAX *****6 CUSTOMER R VIC E ?IL 3 3^S^ 0
      1,950 words
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      Page 35 Advertisements Column 2
      1706 35 m^mssassm i i i i i i WE COVER THE GLOBE I Vessel Voy ETA ETO Feedeted by DESTINATIONS N«it week margrethe MAERSK V 9408 kl.M^lllMflWaWlSElW^^'TTWinffffWWMrafWWWWTßrEWnPuHlffiM cv 27/09 0000 hrs HBH IHI IHH CFS 26/09 2359 MRS JOH LPK PEN OAK LGB SfO MEM ATL MIA CMS BAI PHL NYC
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      Page 36 Advertisements Column 1
      1344 36 """""I AOABA R DAM/ IE ALSO ACCEPTMQ FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) STON H'BURG A WERP HAVRE WEST MALAYSIA FRANKFURT EXPRESS 75/137 23/9 10/10 13/10 Port Kelanfl, Penang LUOWIGSHAFEN EXPRESS tS/337 24/9 3/10 10/1° 12/10 15/U) 17M0 19/10 •"<> DANUBE ***** 28/9 15/10 18/10 16/10 EAST MALAYSIA
      1,344 words
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      Page 36 Advertisements Column 2
      524 36 AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Doqharun) C.1.5./RUSSIA: Vootochny. Vl*li»o4t<*, Moscow. Baku, Taahktfit. touts*, Alma Ala, Aahgabad, Dushanbe Kim N Korea: Pyongyang, Nampo Mongolia: Ulaan Bator LCL TO CIS a EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Asia V.2334 27/9 30/10 Ned Oceania V.2344
      524 words
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      Page 36 Advertisements Column 3
      1258 36 NORASIA II I NORASIA HONGKONG 8438 3 28/08 14/10 18/10 18/10 1«/10 18/10 18/10 20/10 20/10 21/1® I NORASIA PEARL 8438 3 05/10 28/10 31/10 01/U 02/11 03/11 04/11 05/11 05/11 */ir ARABIAN SEA 440* 12/10 05/11 10/11 11/11 08/11 08/11 10/11 11/11 11/U 12 1 I SEA MACEDOMA 441W
      1,258 words
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      Page 37 Advertisements Column 1
      1323 37 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****08 Fax: *****17 new guinea pacific line (A SERVICE OF CHINA NAVIGATION CO) out SAILS B&m C I MAGA 111 30 VOX Muaci. 1)6. KK 22 Sep 23 S«p 24 Sep FCL. LCL CONTAINER AND
      1,323 words
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      Page 37 Advertisements Column 2
      2811 37 p&o Containers 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0206 First Class Connections WORLDWIDE asan»Triei:Hs_3cM pnocsp.Fa,: *****t 222 raw EXPORT IMPORT j VESSEL VOT 'PNG 'PKO SIN SOU ANT ROT MAM OOT BRE LEH VESSEL VOV ZEE GOT ROT HAM BRE SOU LEH ALO JEO 'MM 'KO *PMO cn*MAERSK
      2,811 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      648 38 f m GENERAL AGENT C B NO 1162?81-OOOOD eka jaya agencies TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE "hOCHI MINH CITY PAGER I HANOPtIQNt/PffiECT hfcWRT hQE aiWM 727Ma/WIW4 kelvin chan HIfiSJS UHBMMHMI MANOJ 21>0t25 HW7M I »ILLIAM»IE 21« MM iTMMM/MMSm ►TO VIETNAM/HCMC K CONTAINKft-FKEDER SERVICE CENTER-POINT \m
      648 words
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      Page 38 Advertisements Column 2
      1281 38 HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FMKI rsn IM HAIA StA TV* POX H* Wl W |UK HAUL Ml NYC URMittlMtr. 0191 30 9 WKCT 20/10 22/10 23/10 HAW* HUNS AN 1041 24,9 H. KOBI 0521 27/10 21/10 30/10 MMM SWGVOK
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      Page 38 Advertisements Column 3
      20 38 SPORE IBN AL ROOMI OC-191 25 SEP To Buena»«nh*a/Barranquto/Santa Marta/Carta|«na/ Santo Oominfo/ Plo Quetzal/ AcajutU/San lorewo/Corinto/Pto Cakteta/la Guaira/ Puerto CabHo/Cmtobal/Bafcoa
      20 words
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      Page 38 Advertisements Column 4
      1367 38 —If J—l -T J -TTTH^ m «y use wc we pus wi o» ngt m no uu cw mi nyc im mm km nr m no am m E BHTMM7 24 0 »1 Ml ilO 7/11 10 10 11/11 12/14 U/M 14/11 15/10 »/10 l/1111/U 11/11 21/11 22/11 23/11 24/11
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      1505 39 H II 'NEPTUNE ALMANDINE 09W ETA SGP 24/09/94 l| QD II ETA RDM 10/10/94, FLX 11/10/94 II II BRE 13/10/94, LEH 15/10/94 HI CXPOKT TO: MtW/WW HMMH CAUTIMmiA tXEMW TO: MWC U» QUI* MWWWT M«C C*M»o* SSSE u/tf—l**TßPT IM QAM I VAN SIT I ATL ((<> CLE CLB DAL BET
      1,505 words
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      Page 39 Advertisements Column 2
      1006 39 A MULTILINE SHIPPING PTE LTD ■v (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****88 PKLG:
      1,006 words
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      Page 40 Advertisements Column 1
      1287 40 AS AGENTS: "R" LINE (SINGAPORE) PTE LTD (O MO; **********QM/GST REG HO: M2-*****9W) T TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 W W lfcT MALAYSIA "R" LINE MARITIME (MALAYSIA) SON RHO J TEL: SA *****00 PK *****75 PEN *****20 JB *****01 PGU *****25/6 I INDONESIA: P.T. SARANA LAUTINTERNOSA. TEL: JKT
      1,287 words
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      Page 40 Advertisements Column 2
      1277 40 ©APPENS HI P /Q\ i HAMBURG \J\J CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS lOAONG POUTS DISCHARGE/LOW* FOR CARMKAM PWNCEBB VENTSPILS 06/06 HAM 09/08 ANTW 13/06 PJiUOANG 13/09 SPORE 16/09 OOSPIC RIGA 16/08 KLAIPEDA 2«/06 MAM 26/08 SPOBE 27/09 BKK 02/10 TAMAAAMA ITALY
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      869 41 agiMi pacific international lines (PTE) ltd^ 140 Cecil Street. #03-00 PIL Building. Singapore 0106. SSSSSSSS CR NO *****b *****E VESSEL VOY SIN CMB JIB MOO JEO AQJ ADE PZU ASA MSW KOTA BERK AT BKTISS »/9 4/10 tt/10 12/10 23/10 16/10 22/10 25/10 30/10 KOTA WIRAWAN WRN47S 9/10 14/10 21/10
      869 words
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      Page 41 Advertisements Column 2
      993 41 MB—lM—— I VtSStIS vor II MAVKI HAMBURG IMAMIS KOI HKDAM AW IWW W.LI K SAGIITA SOSW 27/09 20/10 21/10 »/»> ?</10 ?</1 VILLI 0 AQUtA AOSW 04. 10 2t; 10 27/10 «/>«» 10/10 Vt.lt 0 HYMA HOSW 11/10 02/11 03/" 06 n M/n VH.LE DC LYRA YOSW 1»/10 09/11 10/11
      993 words
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      Page 41 Advertisements Column 3
      548 41 BSA ii. -uMk MYANMA \Hgßk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KI( Pen P.Gdg HP* AN V2o4* Skt Sid HYOMAYWA VIS3W SM In Port SITW V64W 26/27 Sep HPAAN V2OSW 29/2 Oct MALAYSM AGENTS BOUSTEAO SHOUNG AGENCES KUI TCL 03-*****00 PKI Ta 03 *****67 PEN
      548 words
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      Page 44 Advertisements Column 1
      1946 44 IsTCOASTI YOMt -Sll all water urner M AY^il a^_ «®4»57« C£3&*«M7, S**«W W«r »17 M C* n7«7fMOOO M 2M2200 Bnakhmlk Stc Does. *****50 Equ.pmeni *****30 DBS Bldg Tower 2 UC« L.CCSU lOH ORE OFFICE: Fax: *****15 Fax: *****66 Singapore 0106 J£? U2 00S640SX COSTMB AGENCIES (M) SDN BHD. GST NO.
      1,946 words
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      Page 44 Advertisements Column 2
      1508 44 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUND (HI ff N JON SH HKG MO TAI *EE KO6 M 0) _J?£L_ St* RANUR N042 11/09 19/09 21,09 2323/09 27/09 28/09 30/09 02/10 1/S wMO 05/10 06/10 10 OT/1 WAN HM 215 NOO9 21/09 23/09 24/09 26 26/09 30 09 01/10 03/10 04/10 10/H|
      1,508 words
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      Page 45 Advertisements Column 1
      690 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 26/9 ROTTERDAM 26/9 AARHUS/COPENHAGEN 26/9 HAMBURG/BREMEN 26/9 MARSEILLE/FRANCE 23/9 FELIXSTOWE/UK 26/9 BARCELONA/SPAIN 26/9 LEHAVRE/FRANCE 27/9 GENOA/ITALY 26/9 ANTWERP/BELGIUM 26/9 LOS ANGELES/WC/IPI 23/9 SYDNEY/MELBOURNE 27/9 NEW YORK/EC 23/9 FREMANTLE/ADELAIDE 24/9 VANCOUVER 23/9 BRISBANE 25/9
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      Page 45 Advertisements Column 2
      942 45 B|i HM ■JuaaatauaMVj.i vm m mamaa in* WUM M w T*** ocja BHUM MSI n>% •«< M/I Ml VESSEL VQV SWt I B«K 8 BHATRA_BHUM OS Sat 24/8 Tua__27/8_ TERATAi TEWOOB 2S/» 27/8 M Blj RATHA BHUM 23N Thu IN PT Sun 25/8 VWU BHUM 101S Sun 25/9 Fri 30/8
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      Page 45 Advertisements Column 3
      211 45 Qmarmnt—d SmlllnMa to:- BANGXOK/L AEM CHABANG LAos|27/3 (HI). 24/9 (SAT) fOKT KELANG/PtNANG 21/9 (THU), 30/8 (FIB) HOW 6 KONG 27/3 (III), 30/9 (FW) JAKARTA 24/3 (SAT) mWLA/COU/SUBC BAT »/9 (MOW) HO CHI—« 30/3 (FW) SURABAYA 25/3 (SUM) BUSAN 25/3 (SID ~j J^IDONGNAM^jINE nn (MB) Kr n a* rm ok m
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      Page 45 Advertisements Column 4
      559 45 r-r-t RICHFIELD MARINE AGENCIES (S) PTE LTD UTEL: *****33 (12 Line*) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E Vmnl Voy ETA Loading For Abtoay Worn 41WB 15/11 Montbatt. Djibouti Assab. Mmuwi Abbey Worn 42W8 15/12 Mombtu, Djibouti AlMb Masmwi FULLY CONTjUNVXBED REGULAR LINER SERVICE I KPTING
      559 words
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      Page 46 Advertisements Column 1
      1485 46 mAIMN CONTAINER LINES, INC I PENANG" (04) *****6 BANOkOK (662) *****67 MANILA (632) *****61 p g JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOft/EUROPE PEN PKL SIN 5 SAILINGS/WEEK J™ PK SIN 21/9 22/9 23/9 HKG/BKK/KEE/KHH 22/9 23/9 24/9 23/9 24/9 25/9 HKG/BKK/KEE/KHH Gburf/C hafen/S holm/Oslo 23/9 24/9 25/9
      1,485 words
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      Page 46 Advertisements Column 2
      190 46 SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD IIA (M UK SPQH PORT KtIAK PIMNG am mux 1/10 loading lor Mate RUVN HUDMU B loading (of OuUi 001MN m Port LoadMtg For Ma* homer sum* 9 loading For Male UMCUM 3/10 loadMif For Male PAOGWSS UKITY 10/10 loadmf tor
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      Page 46 Advertisements Column 3
      793 46 O THONG SOON UNES PTE LTD /VV\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I V J v/ Ttt: 227-5088 FAX: 227-6011 I TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I 4 rwfM moo* ccmmtrr e Dlu/1 SINGA EXPRESS SINGAPORE TO SARAWAK SINGAPORE TO THAILAND VESSEL VOY" S PORE
      793 words
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      Page 50 Advertisements Column 1
      394 50 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N r— STRAITS SHUTTLE SERVICE SINGAPORE/PORT KLANG/SINGAPORE SING APORE/PENANG/SINGAPORE VESSEL I VOY I SW PKL VESSEL VOY SM PEN VIGOUR SINGAPORE *****N 24/9/94 (SAT) 25/9/94 (SUN) MCC CONVEYOR 4P3» 23/9/94 (FRI) 25/9/94 (SUN) MCC CONVEYOR 4K39 27/9/94 (TUE) 29/9/94
      394 words
  • Page 50 Miscellaneous
    • Miscellaneous
      Page 50 Miscellaneous Column 1
      554 50 TODAY S TIDES (tajht in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2310 ft 2.1 2.1 2.5 2.0 1.4 0.9 0.8 0.5 0.7 1.1 1.1 2.5 2J 2J 2.6 2.0 1.4 O.S
      554 words
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      Page 51 Advertisements Column 1
      913 51 ▲HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 I PNA* PKE* PGP' VESSELS VOY SN RTM ANT* LEH* HAM Bttl Fit 21/09 23/09 24/09 H. HNOVATOR 311W 26/09 14/10 16/10 15/10 16/10 16/10 1«/10 21/09 30/09 01/10 H. EXPIOttR 313W 03/10 21/10 23/10 22/10 23/10 23/10 25/10
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      Page 51 Advertisements Column 2
      498 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO I HEAVY LIFTS INBOUND VESSELS VESSEL VOV Sf r* KIC U Ml* «l ROUSHM 43 H/» *7/1 TKMO lOC H/J ICLICU a 1/1B 3/11 BAAB UUAH 21 7/11 COSMC LEASER 47 1/10 11/18 TRANS AUTO 11/ M KEBHUN 33 1/18 VII li/ll >«/»•
      498 words
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      Page 51 Advertisements Column 3
      999 51 VESSEL I VOY |«NCW/P I LAX OAK I CHI PAL &M/COL HOU NYC 1 NOR ~1, GEORGE WASHWGTON BRCGE IIA 22/09 M/ 10 11/10 12/10 13/10 13/10 14/10 14/10 15/16 ALLIGATOR PMDE MA 21/09 18/10 U/10 H/10 20/10 20/10 21/10 21/10 22/10 WIT HUDSON BRCGE 7U M/ 10 23/10 2S/10
      999 words
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      Page 52 Advertisements Column 1
      55 52 @.=><!+'!].$_)@)]=>![^|\)@,$/}$ M.V. "TROPICAL DAMSEL" VOY.I Arrived lslh September 1994 Consignee* of all damaged cargoe* ex the captioned vessel are hereby notified that a general furvey will be held on the 23rd September 1994 0900-1200 hour* at FT7. No further mrvey will be entertained thereafter. Aa Aoanta: K" Un« Kinkai ASBvpptngPteLtd
      55 words
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      Page 52 Advertisements Column 2
      0 52 /@$+[[|>*|=_/]}%?*)$&_$?,;>/^@+
      0 words