The Business Times, 27 September 1994

Total Pages: 50
1 50 The Business Times
  • 13 1 SINGAPORE Business Times WE KNOW ASIA MITA(P) 010/12/93 Tuesday September 27 1994 75*
    13 words
  • 2am LATEST
    • 51 1 Reuter NEW YORK Stock prices were mixed at midsession yesterday, as caution was the byword prior to today's Fed meeting. At Ipm EDT, declining issues led advances U-8 volume of 146 million shares. At 2pm EDT, the Dow Jones Industrial Average stood at 3,836.46, up 4.71
      Reuter  -  51 words
    • 35 1 Reuter NEW YORK US Treasury Undersecretary for International Affairs Lawrence Summers yesterday said he "is very optimistic" that Congress will pass the General Agreement on Tariffs and Trade this year.
      Reuter  -  35 words
  • 160 1 Stock market indices Monday Change STII 2,299.81 -2.24 KLSEComp 1,157.18 -13.14 Nikkei 19,814.36 -19.31 HangSeng 9,643.63 +11.16 SET Index 1,495.72 -10.34 Jakarta Comp 510.19 -2.38 CLSA China B ....1,228.67 -16.95 Aust All Ord 2,030.0 2.3 FTSE 100 2,999.8 -28.4 Monday Previous 2pm dose Dow Jones 3836.46 3,831.75 Average
    160 words
  • 116 1 SINGAPORE Regional stock markets ended mixed yesterday ahead of tonight's US Federal Reserve's Open Market Committee meeting, which is expected to endorse a further rise in US interest rates. In Singapore, the Straits Times Industrials Index slipped 2.24 points to 2,299.81. A dealer said investors were
    116 words
  • 655 1  -  By William Chia SINGAPORE The firsthalf earnings of Indonesian companies have received a strong fillip from the exceptional performance of the property and financial services sectors. Their earnings jumped a record 38.1 per cent to 2.40 trillion rupiah (551.67 billion) against 1.74
    655 words
  • 526 1  -  By Quak Hiang Whai SINGAPORE Bankers have welcomed the government's plan to direct statutory boards and government agencies to tap capital markets for funds but want more information on how this will be achieved. They want to know how the government
    526 words
  • 383 1  -  By Chuang Peck Ming SINGAPORE Singapore and Indonesia will widen their co-operation, with the signing of tourism and air services agreements on Thursday. The pacts, to be signed in the Indonesian city of Jogjakarta, will be witnessed by Prime Minister Goh
    383 words
  • 489 1  -  By Joyce Quek SINGAPORE Garment manufacturer and retailer Heshe Holdings saw its group net losses enlarged to $21.3 million for the year to June 30, from $5.2 million previously. The loss was bigger than the company's earlier forecast of $18.7 million.
    489 words
  • 351 1 NYT Reuter WASHINGTON Federal Reserve officials appear likely to respond to signs of strong economic growth by raising short-term interest rates again this year, but economists are deeply divided over whether the increase will come when the central bank's committee on
    NYT; Reuter  -  351 words
  • Page 1 Advertisements
    • 134 1 sriMk FRESH EXTRA STRONG REFRESHING Sole Agent: Shriro (Singapore) Re. Ltd. CONTENTS News Cmpmjis S'pore News 2 S'pore*sa 19.20,21 Regonal News 3,4.6 Financial 23,24 World News 8,9 Features MaHicts Analysis 17 CM>/N.SE, SES 28-30 E(Mortal 16 k*»nal __i 6 Sports 13 Wort) 27 TV/lifestyle 15 Currencies .24 Property 10,12 Simex/Commo
      134 words
    • 10 1 Property: Pg 10 S'pore partner wanted Regional markets, Pg 26-30
      10 words
    • 33 1 Hock Lock Siew: Pg jv 1 Bunker or hole for Justin Hills SM Lee begins two-week visit of 8 Chinese cities, Pg 2 Cement Manufacturers Sarawak heads for the big time, Pg 22
      33 words
    • 12 1 Bofipm Line: Pg is Nwie treaty is serious business Editorial, Pg 16
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    • 73 1 FRESH BREATH IN A FLASH REFRESHING. New Fed vice-chairman stirs controversy, Pg 9 Economists see modest growth for US, Pg 18 GIFTS BY CARTIER. a 111 tiIIIIII aHjUmml J xJsr Car-tier JEWELLERS SINCE 1847 v' > i CarUer boubcpe/ Singapore Ngee Ann City. Tow 9. #01-11,391 Orchard Rood. T*t 734
      73 words

  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 365 2  -  By VYen Sreenivasan THE Consumer Price Index showed a year-on-year rise of 3.9 per cent in August, due largely to higher transport and food costs. This compared with a year-on-year rise of just 0.1 per cent in July. The latest figures from the Department
        Source: Dept of Statistics  -  365 words
    • 251 2 TELECOM will reduce rates for two international services aimed at corporate users. It said yesterday that rates for the international telephone conference service would be cut by as much as 73 per cent, and those for the corporate switched telecommunications network would
      251 words
    • 516 2  -  By A J Leow IT IS wrong to compare Singapore to Hongkong despite the rising cost of owning private residential properties and higher office rents here, said the Acting Minister for National Development, Mr Lim Hng Kiang, yesterday. Unlike the situation in
      516 words
    • 225 2 SENIOR Minister Lee Kuan Yew will visit eight Chinese cities over the next two weeks starting today, the Prime Minister's Office said yesterday. The cities arc Nanjing, Zhengzhou, Kaifeng, Luoyang, Jinan, Beijing, Shenyang and Dalian. While in Beijing on Oct 5,
      225 words
    • 346 2  -  By David Mok TECHNOLOGY PARKS will spend $314 million developing semi-detached and terrace factories at Tuas and Kaki Bukit. It is developing 20 ha of land at Tuas and six ha at Kaki Bukit in phases, with the first units going
      346 words
    • 417 2  -  By Juliette Walker INTERNATIONAL procurement offices, which grew strongly in the 1980s, may find their role increasingly irrelevant unless they adjust to the needs of today's electronics manufacturers. KF Li, global resources manager for Honeywell, has forecast that its procurement office
      Source: Electronic Business  -  417 words
    • 336 2  -  By Claire Leow BROOKTREE Corp of California. a semiconductor design company, has invested USSS.S million (SSB.I million) in its Kallang plant and will start production on Oct 15 as scheduled. The 16,000-square-foot test facility is staffed by more than 40 management,
      336 words
  • Page 2 Advertisements
    • 261 2 ={)<*}($['%/+[`.:()?.?-;[]]_%)? J i For more than a century and a half, Patek Philippe has been known as i the finest watch in the world. The reason is very simple. It is made differently. It is made using skills and techniques that others have lost or forgotten. It is made with
      261 words

  • SOUTH-EAST ASIA
    • 463 3 Reuter JAKARTA Indonesia's economy is poised for steadier and more sustainable growth on the back of strong fundamentals chalked up in the last fiscal year ending March. The central bank, Bank Indonesia, said in its 1993/94 annual report yesterday: "The economy
      Reuter  -  463 words
    • 54 3 AFP BACOLOR, Philippines Thousands of Filipinos fleeing their homes yesterday after President Fidel Ramos ordered a mass evacuation of villages threatened by mudflows from the Mount Pinatubo volcano. The avalanche has killed 23 people and buried 1,369 houses in Porac and Bacolor districts in Pampanga province, 80 km
      AFP  -  54 words
    • 428 3  -  From Harish Mehta in HANOI VIETNAM has begun deregulating its rigidly controlled aviation sector by allowing some foreign carriers to sell tickets directly and recruit staff themselves. Up until now, all foreign airlines were required to sell their tickets through
      428 words
    • 331 3 NST KUALA LUMPUR Contributions to the Employees' Provident Fund in Malaysia are expected to be increased by one per cent for both employers and employees from Nov I. Also on the cards arc new benefits for EPF contributors, including higher
      NST  -  331 words
    • 157 3 Bernama KUALA LUMPUR Malaysia's external trade recorded a deficit of M 5800.6 million (***** million) during the first half of 1994 compared with a surplus of M 52.6 billion in the corresponding period last year. The deficit was contributed to by the 30.4 per
      Bernama  -  157 words
    • NOTEBOOK
      • 93 3 AFP MANILA Philippines and Malaysia yesterday signed a memorandum of understanding here for defence cooperation. The agreement, signed by Philippine Defence Secretary Renato de Villa and his Malaysian counterpart, Najib Abdul Razak, calls for the exchange of information and logistics and the holding of joint
        AFP  -  93 words
      • 87 3 AFP MANILA Foreign capital investment in the Philippines soared 113.9 per cent on the previous year to 4.89 billion pesos (SS27B million) in the first six months to June, corporate regulators said. Total paid-up capital investments by domestic and foreign entities in new and existing
        AFP  -  87 words
      • 97 3 AFP JAKARTA The cash-strapped Indonesian government yesterday called for more private-sector investment to help finance electricity projects in a bid to meet the country's power needs. The government needs a total of 60 trillion rupiah (5540.7 billion) or about 12 trillion rupiah annually in investment for
        AFP  -  97 words
  • Page 3 Advertisements
    • 213 3 MHSI UMBSKBKISnSBKIM I exclaimed. Your new Power Mac recalculates that fast?" My accountant up to four explained that it actually does fli i i j tvi i 1/1 ij fc ii rh f/ fy fy 1/ M M My tj 1/ l/L/ 1/ \_s i fyf/ 1/ V software cart
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  • CHINA/HONGKONG/TAIWAN
    • 205 4  -  By Teh Hooi Ling SINGAPORE Chinas president, Jiang Zemin, will make his first official visit to South-east Asia in November a sign of the growing relationship between China and countries in the region. Mr Jiang will visit Indonesia, Malaysia, Singapore, Thailand and
      205 words
    • 576 4 Eastern Express AP HONGKONG China has ended cooperation over key 1997 issues and Britain is prepared to take unilateral action in an attempt to minimise upheaval during the transfer of sovereignty. Sources on both sides have conceded that differences on
      Eastern Express; AP  -  576 words
    • 40 4 Reuter BEIJING A young boy holding a toy mobile phone while out on a walk with his parents yesterday. Mobile phones are a big status symbol in China and even children want to look important. Reuter
      Reuter  -  40 words
    • 262 4 Knight-Ridder HONGKONG Inflation in China will drop sharply at the beginning of next year, despite worrying signs that it is gathering momentum. A report by Jardine Fleming Securities, released yesterday, said that while many China researchers did not think the government's policy
      Knight-Ridder  -  262 words
    • 114 4 Reuter HONGKONG The rejuvenation of the Chinese Communist Party is the key issue at a meeting of policy-makers under way in Beijing, Hongkong newspapers said yesterday. Beijing's "save the party" programme is linked to the leadership's anxiety about potential chaos
      Reuter  -  114 words
    • CHINA WATCH
      • 90 4 Bloomberg Business News BEIJING A Chinese tourism company is suing a competitor for poaching 10 of its staff and stealing client information, in what's being billed as China's first case of alleged theft of commercial secrets. The official Economic Daily newspaper said yesterday the intermediate
        Bloomberg Business News  -  90 words
      • 103 4 Bloomberg Business News BEIJING In another sign that China's economy is gaining steam, a state forecasting centre has predicted the country's industrial output will reach 360 billion yuan in September, 23.8 per cent up on the same month a year ago, the official China Securities newspaper
        Bloomberg Business News  -  103 words
      • 60 4 Reuter TAIPEI Taiwan's Mainland Affairs Council yesterday approved a draft law covering travel and trade links with Hongkong after the British colony returns to rival China's sovereignty in 1997, an official said yesterday. Under the draft law, links with Hongkong will remain largely
        Reuter  -  60 words
      • 59 4 Bloomberg Business News BEIJING China's state tobacco monopoly has issued an "emergency circular" demanding tobacco producers stick to set production quotas, the Legal Daily reported yesterday. Regions and companies exceeding quotas were ordered to take immediate steps to slow output to "ensure normal production and
        Bloomberg Business News  -  59 words
    • 652 6 The Economist BEIJING "Wanted: $10 billion of investment and technology." That was the begging message sent by the Chinese government to 100 or so representatives of the world's chemical industry who attended a government-approved conference organised by Chemical Week, a trade paper,
      The Economist  -  652 words
  • Page 4 Advertisements
    • 693 4 VENTURE VENTURE MANUFACTURING (SINGAPORE) LTD (Incorporated in the Republic of Singapore) ANNOUNCEMENT HALF YEARLY REPORT ON CONSOLDATED RESULTS FOR THE SIX (6) MONTHS ENDED 30 JUNE 1994. THESE FIGURES HAVE NOT BEEN AUDITED. The Directors of the Company are pleased to announce the unaudited results of the Group and of
      693 words
    • 29 4 SAFARI ADVENTURES Available in Red, Black, y (31 ALMAR marketing CQrai 1 (/r TEL: 235 9577 y Member of Jebaen 4 lessen Croup 4k of Companies South East Asia
      29 words

  • Page 5 Advertisements
    • 257 5 ,<■. uh fgggggm f"^§^^^^tol!9!s!^?3^K"^S^ctHHllllHlH^H HH "^*-1 ID """nl^BH^ hi FroS 832 m 8 Ksisßl o.*> UHI •> r J t ,fl SB «*^c^gf^-ftA^' ■■■■■i I ♦•~f f.^j Q 91 bi K ik#-~ UHi. -wsssfc ■•jfcflefl.'n Heal ■HOT H H iflSdMlh&b** n yu 9 H USI '< BMtetef■>- i'iiirn,r^^ttl^^^^^ ||y|al a
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  • Page 6 Advertisements
    • 1480 6 UCIIPSAL I Clipsal Industries (Holdings) Limited (Incorpofated in the Republic of Singapore) ANNOUNCEMENT OF UNAUDITED RESULTS AND DIVIDEND FOR THE SIX MONTHS ENDED 30 JUNE 1994 The Board of Directors of Clipsal Industries (Holdings) Limited is pleased to announce the unaudited results of the Group and the Company for the
      1,480 words
    • 748 6 The Sumitomo Trust Banking Co., Ltd. Non-Consolidated Balance Sheets M° n -C° n s°li<ialod S'atements of l come As at March 31,1994 and 1993 For y #ars ended M rch 31 1994 Millions of Yen M"*onsofYen 1994 1993 1994 CQO nm A7fi *****1 127 667 Cash and Due from Banks
      748 words

  • REST OF ASIA
    • 518 7 Reuter SURFERS PARADISE, Australia The Reserve Bank of Australia has grown more independent in recent years but needs to keep inflation low as the economy gathers speed to maintain credibility. RBA governor Bemie Eraser yesterday said he expected a rise in
      Reuter  -  518 words
    • 242 7 AFP WASHINGTON Japan must do more to open its markets and reduce its trade surplus, a senior International Monetary Fund official said last week. The official, who asked not to be named, said the budding economic recovery in Japan could help boost
      AFP  -  242 words
    • 328 7 Reuter SYDNEY Australian companies arc ignoring investment opportunities because of confusion about the real value of franking credits. Management consultants McKinsey Co, in a research paper entitled "Capturing value from dividend imputation" said that based on a survey, many of Australia's top companies were rejecting
      Reuter  -  328 words
    • 320 7 AFP HONGKONG South Korea and Hongkong have begun monitoring arrivals from India to prevent the deadly pneumonic plague outbreak from entering their territories. But most Asian countries have adopted a wait-and-see policy in reaction to the plague which has hit
      AFP  -  320 words
    • 121 7 AFP TOKYO Japan's top corporate executives are more optimistic about the nation's recession-weary economy, with 45 per cent saying it has already begun expanding, according to a survey published yesterday. The latest survey of 106 presidents of major Japanese corporations was conducted on Sep
      AFP  -  121 words
    • 97 7 Knight-Ridder SYDNEY The investment outlook among Australian manufacturers has reached its strongest level in six years, shows a quarterly private sector survey released yesterday. The industrial trends survey by Westpac Bank and the Australian Chamber of Commerce and Industry found that for the first time
      Knight-Ridder  -  97 words
    • 76 7 AFP TOKYO Japanese supermarket sales rose in August by an adjusted 0.5 per cent from a year earlier, to post the second straight year-on-year rise, the Japan Chain Stores Association said yesterday. Sales at 8,382 outlets totalled 1,314.7 billion yen (5519.8 billion) in August,
      AFP  -  76 words
    • 98 7 Reuter NEW DELHI The Indian government, eyeing votes at the expense of free-market reforms, wants job quotas in the private sector for underprivileged Hindus, a minister said yesterday. Social Welfare Minister Sitaram Kesri, regarded as the main spokesman for the Hindu downtrodden, said politicians were
      Reuter  -  98 words
  • Page 7 Advertisements

  • THE WORLD
    • 540 8 Russian president hopes to encourage US investment in struggling economy AP AFP NEW YORK Russian President Boris Yeltsin has begun a five-day swing through the United States a trip he hopes will encourage American investment in his country's struggling economy. Mr Yeltsin was
      AP; AFP; Reuter  -  540 words
    • 327 8 Reuter DUBAI Oman and India were expected to sign a multi-billion-dollar deal yesterday for a deep sea pipeline to deliver Omani gas to India. A top oil ministry official said yesterday that for a second gas project, Oman planned to borrow US$3.6
      Reuter  -  327 words
    • 225 8 Reuter WASHINGTON Sales of existing US homes fell 1.8 per cent in August to a 3.9 million unit seasonally adjusted annual rate from a revised 3.97 million units in July, the National Association of Realtors said. Compared to a year
      Reuter  -  225 words
    • 315 8 Reuter LONDON A European Court judgment tomorrow should sort out intense uncertainty dogging the pensions industry and employers over how to equalise pension payments for men and women. The so-called Coloroll case, a wallpaper and furnishing firm which collapsed in June
      Reuter  -  315 words
    • WORLD WATCH
      • 95 8 Reuter KUWAIT Kuwait will announce completion of a longplanned merger of two state-owned investment companies next month, a newspaper said yesterday. "The merger announcement of the Kuwait Foreign Trade, Contracting and Investment Company (KFTCIC) with the Kuwait Investment Company (KIC) will be issued during
        Reuter  -  95 words
      • 78 8 Bloomberg Business News CALCUTTA Rolls-Royce pic, the British aircraft engine aad power generator manufacturer, plans to take a stake in a 2,400 megawatt power plant to be built by CESC Ltd, a power generating company, the Economic Times reported yesterday. vice-chairman Sanjiv Goenka would not
        Bloomberg Business News  -  78 words
      • 124 8 Reuter LONDON A relic from the plane flown by World War I German flying ace Manfred von Richthofen is expected to fetch up to £100,000 (*****,000) when it goes on sale in November, auctioneer Phillips said yesterday. An Australian infantryman cut away the
        Reuter  -  124 words
    • 421 9 AP WASHINGTON The world economy, after struggling through a painful recession and extremely sluggish recovery, is poised to enjoy the strongest growth since the late 1980s, the International Monetary Fund predicted on Sunday. However, IMF officials warned that world leaders needed to
      AP  -  421 words
    • 286 9 FT LONDON Joint UK-US plans to end a long dispute halting issue of new reserve assets by the International Monetary Fund will be designed to help poor developing nations as well as Russia and other former communist countries, UK chancellor
      FT  -  286 words
    • 309 9 FT LONDON President Carlos Salinas of Mexico yesterday launched his public campaign to become head of the proposed World Trade Organisation with a call for governments to intensify efforts to ratify the Uruguay Round trade agreement. The agreement, which
      FT  -  309 words
    • 578 9 NYT WASHINGTON When Alan S Blinder worked at the White House, his usefulness to US President Bill Clinton went far beyond his job as economic adviser. Stumped by the mathematics homework of Mr Clinton's 14-year-old daughter, Chelsea, the president sometimes pulled Mr Blinder
      NYT  -  578 words
  • Page 8 Advertisements
    • 143 8 Serious motorists have always found on an y other car lhe R °y al w seen the Saab 9000 CD as being I Oak by Audemars Piguet*. different to other European cars. The Royal Oak is a watch designed Buy a With a spacious leather interior to express quality, precision,
      143 words

  • Page 9 Advertisements
    • 65 9 'Berlin Tfiiifiarmonic (Imirtct IP* I __V|! z^--ry'\llfc c;. f fc^isatt si*- W %S;a L*W i3 yg Sun 2 Oct Victoria Concert Hall Bpm Tickets at $30 $40 $60 from SISTIC outlets. Rattles City Scotts Poru"n Takashima/a 4th fir j Victoria Concert Hall Specialists' Centre Liang Co Junction 8 Gmza Plaza
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    • 111 9 ii i ■■■HMlk Wm^mBSSL J§W WligHjl^H^^^^Hp law I m jJr i s^ n^ Hk. Jfl x Fly '^f^ from Northwest Airlines, and f*. you'll be able to lay back and 'I enjoy more personal space 3| Eft £/ian euer before. that has a 50% increase in legroom and recline, giving
      111 words

  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      206 10 Selected transactions in the past week Source: ERA Reality Network DMrid Project Typ* JndtnMM) Tww PMVATE r Sep 19.1994 1954 FbmerRd Jerrace 1550/1630 FH —^870.000 533 Sep 19.1994 1545 Part East Cento* 1722 f=-42™ m Sep 21,1994 0512 WW Coast Ave Terrace *****000 L999 1.415.000 7V7 "Sep 22.1994
      Source: ERA Reality Network  -  206 words
    • 376 10  -  More regional work for a Hongkong-based architectural firm means another hub in Singapore is necessary. A J Leow reports A J Leow Hongkong-based architectural firm Liang Peddle Thorp is seeking a Singapore partner to set up a regional base here. The firm's design
      Photo by Chris Loh  -  376 words
    • 265 10 AFP JAPAN-BASED Nomura/Jafco Investment Asia Ltd plans to invest USSS million (557.5 million) in a low-cost housing project south of Manila being developed by a Philippine realty firm, an official said yesterday. Federico Campos, president of La Paz Housing and Development Corp, said in
      AFP  -  265 words
    • 1276 12  -  Construction and property development group Pilecon is going places, discovers G Vijaya Bharathi G Vijaya Bharathi The writer is a freelance journalist based in Kuala Lumpur. This story first appeared in the September issue of Singapore Business. PILECON Engineering's Hong Lee Pee is a man
      1,276 words
    • 497 12  -  Abdul Hadhi finds out how the property consultant uses a program to identify the needs of MNCs Abdul Hadhi LARGE companies with complex space requirements increasingly expect property consultants to identify their needs in addition to securing the required space. And
      497 words
  • Page 10 Advertisements
    • 209 10 Development Site 13 Nassim Road, Singapore (Former New Zealand High Commission) For Sale By Tender Tenure Freehold Land Area Approx 4,237.1 sa m (45.608 sa ft) Plot Ratio 1.4 Tender Closing Date 12 noon. 7 October 1994 For Tender Documents Further Information Contact Sole Marketing Agent: Richard Ellis Investment Department
      209 words

  • Page 11 Advertisements
    • 259 11 Two Unique Opportunities for Industrialists from Three modern factory designs of 2-storey semi-detached terraces Plot size from 927 sq.m to 2704 sq.m gross floor area from 955 sq.m to 1735 sq.m ■60 years' HUh. lease, appreciating asset-value, no fluctuating rent overheads Excellently |rjj "IA. </ located near future causeway to
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  • Page 12 Advertisements
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  • SPORTS
    • 632 13 Davis Cup AP GOTEBORG. Sweden What a year for Swedish team sports. The ice hockey team won the Olympic gold medal in February. The soccer team scored most goals in the World Cup en route to the bronze medal five months later.
      AP  -  632 words
    • 253 13 AP SAINT-NOM-LA-BRE-TECHE, France Vijay Singh made his final move late, a pair of birdies on Nos 16 and 17, to become the last of seven men to take the lead on Sunday and win the Lancome Trophy. Singh reached the green in two with a 3-iron
      AP; AFP  -  253 words
    • SPORT SHORTS
      • Article, Illustration
        49 13 AP AMSTERDAM. Netherlands Tesfaye Eticha of Ethiopia won Sunday's Amsterdam City Marathon. beating Tanzania's Nada Saktai by five seconds. Eticha covered the distance along the city's scenic boulevards and Famous museums in 2 hours. 15 minutes, 56 seconds. Elgin Mokale of South Africa was third in 2:17:51. AP
        AP  -  49 words
      • Article, Illustration
        52 13 AP ESTORIL, Portugal A monument to the late three-time Formula One champion Ayrton Senna was unveiled on Sunday at the Estoril circuit where the Brazilian won his first Formula One race in 1985. Senna was an adopted favourite son of Portuguese fans and owned a home near the Estoril
        AP  -  52 words
      • Article, Illustration
        209 13 Davis Cup World Group semifinal between Uruguay and Austria on Sunday: First reverse singles (Aus- trian name first): Thomas Muster b Marcclo Filippini 7-5, 6-1, 6-1. Second reverse singles (Uruguayan name first): Diego Perez b Gilbert Schaller 6-7 (6-8), 6-4, 7-5. Austria won 3-2. Austria leads 3-1. Semifinals between
        209 words
      • Article, Illustration
        168 13 Reuter AFP LONDON leading world golf rankings issued on Monday (US unless stated): 1. Nick Price (Zimbabwe) 21.79 points average 2. Greg Norman (Aus) 20.83 3. Nick Faldo (Br) 16.53 4. Bernhard langer (Gcr) 16.21 5. Jose Maria Olazabal (Spn) 14.50 6. Fred Couples 13.88 7. Colin Montgomerie (Br)
        Reuter; AFP  -  168 words
    • PASSING SHOTS
      • 97 13 AP OPORTO, Portugal With a World Group berth already assured, Croatia's Goran Ivanisevic sealed a 4-0 shut-out ot Portugal in Davis Cup tennis on Sunday by beating Nuno Marques in straight sets. The No 3-ranked Ivanisevic beat Marques 6-3, 7-5 in a 66-minutc match. The second
        AP  -  97 words
      • 120 13 AP COPENHAGEN Kenneth Carlsen overcame a second-set loss to beat Jaime Yzaga for the victory and then Frederik Fetterlein added the final touch in Denmark's 4-1 victory over Peru on Sunday that put the Danes in next years Davis Cup \Vorld Group. Carlsen defeated Yzaga 6-3. 6-7
        AP  -  120 words
      • 136 13 AFP HAMBURG Germany's Michael Stich. the world No 2, talked of retirement here on Sunday after death threats wrecked his team's chance of a place in the Davis Cup final. One day perhaps I will say it no longer matters. I have enough money
        AFP  -  136 words
    • 364 13 Reuter TOKYO Japan and China went deeper into a diplomatic row yesterday over a Taiwan official's presence at the Asian Games in Hiroshima. Beijing's official press yesterday invoked the memory of the 21 million killed and wounded by Japanese aggression as part of
      Reuter  -  364 words
    • 496 13 AP ESTORIL, Portugal Damon Hill reckons he's on a winning streak that's hard to stop. Championship leader Michael Schumacher is itching to climb the victor's rostrum again after missing two races. With one point between the aces of this year's top two
      AP  -  496 words
    • 340 13 Golf AP INDIANAPOLIS Isao Aoki birdied the 17th hole to capture the US$7OO,OOO (S$ 1.03 billion) Brickyard Crossing Championship by a stroke on Sunday, his second straight victory on the Senior PGA Tour. Aoki, playing the entire tournament without a bogey, shot a
      AP  -  340 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
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  • LIFESTYLE
    • 1001 15 What distinguishes today's generation offemmes faiales is that they at times get away with it The Economist U-W- ET the I world be- ware," as I iSharon Stone tells Michael Douglas in Basic Instinct. There is a fresh breed
      The Economist  -  1,001 words
    • 611 15 CHATTERBOX AP AP AP AP AP JOHNNY DEPFs talents go beyond acting. He's also a knockout in a skirt and heels. Depp plays the lead role in the upcoming Ed Wood, a Tim Burton film about the schlocky sci-fi movie-maker
      AP  -  611 words
  • Page 15 Advertisements
    • 169 15 lADIES! Wednesday's your nite at the Bugis Lounge. J j fnmeondown \/and have a drink* >J^== lis while you unwind to the /rv mesmerising vot als of our J j J leswtml band who serenades ft I f--. you with her popular Cantopop hits J and romantic ballads in English.
      169 words
  • Page 15 Miscellaneous
    • 1109 15 I TV RADIO 1 Valens when he three hit songs and boarded *m\'k 2* Buddy Holly. that sounds melodramatic the wl^l A Night Of Dances And Rhapso- JBEjffl.J"' dies. 10pm. SBC 12 Q The Berliner Philharmonikcr iI goes to the outdoor amphitheatre in Waldbuhne f I summer concert. The audience
      1,109 words

  • 710 16 EDITORIAL THE MEASURES announced last Saturday by Senior Minister Lee Kuan Yew to free up Singapore's provident funds, as well as the surpluses of statutory boards and gov-ernment-linked companies, for management by the private sector are arguably the most significant financial reforms in Singapore sincc
    710 words
  • WHAT THE OTHERS SAY
    • 220 16 THE Labour Ministry's new safety regulations for shipyards and their contractors should go a long way towards preventing shipyard accidents, a spate of which have occurred recently. This year, 22 people have died in such accidents, three more than the toll for the whole of last year.
      220 words
    • 114 16 THE SETTING-UP of the new consultative council to strengthen the Five Power Defence Arrangements (FPDA) decision-making process reflects the commitment of the participating countries in ensuring that the regional defence grouping will remain effective and relevant. To stay relevant in the changing geopolitical environment, the
      114 words
    • 180 16 THE Consumers Association of Singapore (Case) and the Advertising Standards Authority of Singapore (Asas) blacklisted three furniture shops last week. This should be welcome news to consumers in general since it reflects an effort on the part of Case to assume a higher profile and assert
      180 words
    • 169 16 VICE-PRESIDENT Try Sutrisno is now in Australia on a working visit. Because he is the highest-level Indonesian leader to visit our neighbour to the south since President Suharto's visit there in 1975, his trip holds great significance as a sign of improving Austra-lian-Indonesian relations. Since 1975,
      169 words
    • 179 16 THE United Nations, which began its 49th General Assembly on Tuesday, faces a task which the world body itself did not quite envisage. The organisation needs to reinvent itself to deal with the world much changed from what it was some 50 years ago. The
      179 words
  • 1156 16  -  As 'low-intensity conflicts' take centrestage, Jim Hoagland takes a look at the likely agenda when Bill Clinton and Boris Yeltsin meet today Jim Hoagland The writer is associate editor and chief foreign correspondent of The Washington Post, where this article first appeared PRESIDENTS Bill Clinton and Boris
    1,156 words
  • Page 16 Advertisements
    • 343 16 The Straits Times Weekly Edition offers you H H j|l| a crisp summary of the week's major happenings Singapore and Asean. You can mm stay touch with the social issues, politics, H economy H you are or H overseas. All information 'i H If you subscribe to The Straits Times
      343 words
  • Page 16 Miscellaneous
    • 73 16 ii I'm T^e 'V' VG BRISTOO... me FNGRIM.,,, "JV4f\t vip« to be Dole mvjsr Be TMiRTy r"'^ #^-L c ASSOCIATED HtHWAWM LTD IMMM4 9?7Q| DOONESBURY GARRY TRUDEAU PSSSSZSSi* ills? JI &%52gS2S8& 11««.««/ MAN FROM HJAL-MART... f£ ONCE TH&Y njWPUNA 9MWOPfmON- &2*J£&} l ——~T ADJUST, LOCAL MUCH MORE FOCUS&ANP RE- THAT
      73 words

  • ANALYSIS
    • 1773 17  -  US Vice-President A 1 Gore paints a picture of a biave new world based on international cooperation and the sharing of knowledge for the betterment of mankind using information and telecommunications technology to create a Global Information Infrastructure (Gil) Al Gore US
      US Information Service  -  1,773 words
    • 742 17 Computer and cable companies are developing 'cable modems' that can transfer vast amounts of data from a cable line to a PC The Economist AS IF they did not do enough already, the latest personal computers are time machines, too. Sit down, spin up the CD-ROM, and
      The Economist  -  742 words
  • Page 17 Advertisements
    • 455 17 W i- +&i ,»>,.• ~> -Tl II /mJPM r "a p^£. <-»r tJi^^^l Ji |L— 4H L P^ u O If you're a frequent business traveller you're leaving from, where you're going and the dates who's ever missed a flight and been you want to travel. In seconds, you'll get
      455 words

  • 557 18 AP WASHINGTON The United States economy will grow at a sustainable, modest rate through 1995, keeping it out of accession without threatening rapidly escalating prices, leading economists yesterday predicted. The consensus of the 43 professional forecasters suggests economic growth at an afcnual rate of
    AP  -  557 words
  • 384 18 Reuter Bloomberg Business News TOKYO Japan's trade minr:r abruptly decided to travel Washington for last-minute WHcs as the US ambassador to warned yesterday that to strike a deal this week would invite sanctions, gft Ambassador Walter Mondale
    Reuter; Bloomberg Business News  -  384 words
  • 200 18 AFP LONDON The price of shares in Eurotunnel fell by 8 per cent in early trading yesterday in response to a newspaper report that sea water was leaking into the tunnel beneath the Channel. The price fell by 22 pence from 269
    AFP  -  200 words
  • 324 18 AFP SHANGHAI Overseas Chinese businessmen from 20 countries have signed US$B25 million (SSI.2 billion) worth of investment at a three-day fair which ended here yesterday. Lin Rong, director of Chinese Overseas Affairs Office of the Shanghai Municipality, yesterday said that a
    AFP  -  324 words
  • 845 18  -  The Bottom Line MOHAN KUPPUSAMY MOHAN KUPPUSAMY The writer is a BT journalist IT SAYS something about the temper of our times that the powers that run the Nuclear Non-Prolifcration Treaty (NPT) could hold a committee meeting in Geneva
    845 words
  • Article, Illustration
    96 18 AFP BEIJING Workers arranging a flower display in front of a huge poster showing Chinese paramount leader Deng Xiaoping superimposed onto a view of the Shenzhen Special Economic Zone and other sites in the economically booming region of southern China yesterday, as part of an exhibition for
    AFP  -  96 words
  • 239 18 Bloomberg Business News LONDON Britain's Reckitt Colman said it agreed to buy L&F Household, the US-based maker of Lysol brand household products, from Eastman Kodak Co for US$l.55 billion (552.29 billion) cash. The move will make Reckitt the world's fourth-largest household products company,
    Bloomberg Business News  -  239 words
  • Page 18 Advertisements
    • 127 18 Nitsuka Jt > j Digital Keyphone Syst e m s leading Edge Techiwlogii 7t-__ S SCK (IKNKVK v Lc nmitrc tics Complications '/1 brhl ■Premiere llli'lli'-JI ,l|l|l. |Vl|Vltl.ll >. -iL'lkl.ll uli. 'Jl.iilo ilh-mliK oi|iu' < 'it >l 11 11 10 .ulahL- I nv. lum\ol\ .ii tfc* mm, •••U| 12 .1
      127 words
    • 26 18 Distributor: rel 278 75 8 8 Fa 97 fi 7cq fi Singapore Communications Equipment Co Pte Ltd 0A i 4/0 I 0J U Quality Service k
      26 words

  • COMPANIES & MARKETS
    • 466 19  -  From Ho Kay Tat in KUALA LUMPUR SOME late buying support helped Yeo Hiap Seng (M) Bhd (YHS Malaysia) finish only 90 sen lower at MS 14.90 yesterday, after the Kuala Lumpur Stock Exchange (KLSE) announced over the weekend that it
      Source: Bridge Info  -  466 words
    • 371 19  -  From Ho Kay Tat in KUALA LUMPUR KUALA LUMPUR Industries Holdings Bhd (KLIH) and Gadek (M) Bhd, which were both voluntarily suspended yesterday, released announcements that fell short of what the market was expecting. KLIH, which was speculated to have clinched a major property development
      371 words
    • 313 19  -  By Abdul Hadhi SINGAPORE Renovations, a delayed launch of a property project, and lower rentals for stall space have added up to a big hiccup for Scotts Holdings. The company yesterday reported a 28.9 per cent drop in group net earnings to
      313 words
    • 993 19  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE Can Hongkong's Tian Teck do an Amcol? Or, more specifically, can the much delayed Austin Hills Golf and Country Club in Johor duplicate the success of Am col's Palm Resort, a competitor a
      993 words
    • 262 19  -  By Juliette Walker SINGAPORE Meiban Plastic Ptc Ltd has won inprinciple approval to list its shares on Sesdaq, sources told Business Times yesterday. The plastic injectionmoulding company is expected to announce soon its initial public offering (IPO). The offer size is said to
      262 words
    • 170 19 SINGAPORE Food and beverage manufacturer Pokka Singapore's initial public offering (IPO) of 24 million shares was subscribed about 5.25 times, while total application monies received amounted to $73.6 million, the company said yesterday. Of the shares on offer, 16 million are new shares while
      170 words
    • EYE on your STOCKS
      • Article, Illustration
        38 19 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Barings. Daiwa. Fraser. Kay Hian. Nomura. OngCo, Smith New Court and If/ Can
        38 words
      • Article, Illustration
        136 19  -  -By Paul Leo Malaysian Mosaics rose 24 cents to $2.80 on a sudden surge in demand yesterday 6.54 million units were traded, three times Friday's volume of 1.97 million shares. But don't chase it. Short and medium-term technical factors are signalling a correction soon. Daily and weekly Relative
        136 words
    • COMPANIES
      • COMPANY BRIEFS
        • 61 20 Bernama KUALA LUMPUR Idris Hydraulic (Malaysia) Berbad reported about a three-fold increase in group pre-tax profit to MS 18.58 million (S$ 10.72 million) for the six months ended June 30, compared with M 56.901 million in the previous corresponding period. But turnover fell to M$
          Bernama  -  61 words
        • 94 20 SINGAPORE Electrical industries mould maker Omni Mold reported interim earnings of $451,000 on turnover of $4.7 million for the half year to June 30. Omni Mold, which was listed on Sesdaq last month, said yesterday that no interim comparisons were available because it never
          94 words
        • 76 20 SINGAPORE LC Development, an investment holding company, yesterday reported a 49 per cent drop in group net earnings to $12.45 million for the year ended June 1994. Its group turnover, however, soared by 454 per cent to $116.7 million. The company attributed the sharp jump
          76 words
        • 25 20 SINGAPORE GK Goh Holdings has requested the Stock Exchange of Singapore to suspend trading in its shares today pending an announcement.
          25 words
        • 45 20 SINGAPORE The directors of Cosco Investment (Singapore) have announced that the firm last Friday gave two Singaporeans and/or their nominee an option to buy a property at 8 Robinson Road, for $47 million. The option expires on Oct 24.
          45 words
        • 67 20 Reuter KUALA LUMPUR Shares of newly listed construction firm Pembinaan YCS Bhd (YCS) have been suspended pending an announcement, a Kuala Lumpur Stock Exchange official said yesterday. YCS shares soared M 51.30, or 17 per cent, to M 58,95 prior to the suspension. Broking sources said the
          Reuter  -  67 words
      • 259 20  -  From Al Labita in MANILA A TELECOMS firm controlled by the Lopez family in the Philippines has linked up with Telecom Holding of Thailand and Nynex Corp of the US to boost its technical service capabilities. The partnership with Telecommunications Holdings Corp was
        259 words
      • 324 20  -  By Lee Han Shih SINGAPORE Listed building materials supplier Resources Development Corp (RDC), which is in the process of being taken over by the Sembawang group, has reported a disappointing set of interim results. For the six months ended June
        324 words
      • 294 20  -  By Joseph Rajendran SINGAPORE GP Batteries International plans to invest up to $12 million in new factories in Singapore, Malaysia and China. Chief executive Andrew Ng, speaking after the company's annual general meeting yesterday, said: "There has been a surge in demand
        294 words
      • 370 20  -  By Juliette Walker SINGAPORE Clipsal Industries yesterday posted a 36.5 per cent rise in interim group net profits despite exchange and translation losses. The electrical accessories maker reported net profits before extraordinary items of $8.6 million for the half-year ended
        370 words
      • 154 20 MBT KUALA LUMPUR The Kuala Lumpur Stock Exchange second board may have to review the 105 companies on its list as some, whose capitalisation now exceed Ms2o million (SSI 1.6 million), have yet to transfer to the main board. Topping the 19
        MBT  -  154 words
      • 177 20 SINGAPORE Sesdaq-listed computer distributor. Electronics Resources Ltd, will set up a subsidiary in Sydney to tap the largest computer market in the Asia-Pacific. Managing director Foo Lai Fuan said yesterday there were also plans for offices in Brisbane and Melbourne within the next
        177 words
      • 145 20 SINGAPORE Steamers Maritime Holdings Ltd has agreed to buy up the remaining 40 per cent stake it does not own in Folec Communications, a company dealing in telecommunication equipment. When the transaction, valued at $17.8 million, is finalised, Folec will become a wholly
        145 words
      • 397 20 2 if ?£SS£, U ,In S! UMBUr«.«WUd assss is .'4 E?L-. io| s qw wftiiwl 104 110 United Gr Fund! 1.73 l.al S'pore Invest Fund \Tx IJt United Asia Fund 1.75 1.83Spore Equity Fund 0.84 0.88 HAD lit. jUuirinCC Asia Unit Trust LifeLink Inv Fund 0.97 1-03* Mai lnve* Fund
        397 words
      • 444 21 Bloomberg Business News HONGKONG Chinas Shougang group, which has interests in everything from metals to real estate development, has released a batch of earnings results that underscore just how difficult it is for investors to evaluate Chinese companies. While metals conglomerate Shougang
        Bloomberg Business News  -  444 words
      • 534 21 Bloomberg Business News HONGKONG There were big winners and losers on the Hongkong stock market yesterday due to last Friday's announcement of a big shake-up in the membership of the Hang Seng index of top shares. Most of the seven stocks named
        Bloomberg Business News  -  534 words
      • 35 21 AFP TOKYO Japanese Prime Minister Tomiichi Murayama testing out a personal computer at NEC's headquarters in Tokyo yesterday. He was at NEC to look at the company 's electro-communications. AFP
        AFP  -  35 words
      • 406 21 Agencies HONGKONG Stock Exchange of Hongkong chief executive Paul Chow said yesterday the bourse would not intervene in the Hang Seng Index (HSI) Services' choice of seven new members of the blue-chip Hang Seng index to replace the five Jardinc
        Agencies  -  406 words
      • 277 21 Reuter NEW DELHI Japan's Toshiba Corp will take a 51 per cent stake in Videocon International, one of India's biggest consumer electronics companies, the Business Standard newspaper reported yesterday. The newspaper said the Videocon group, controlled by India's Dhoot family, was
        Reuter  -  277 words
      • 417 23 NYT NEW YORK Coca-Cola Co and two bottling partners plan to invest US$lOO million (SSI4B million) over the next three years in Russia, where the foreign soft-drink market has long been dominated by a competitor, Pepsico. Coca-Cola was due to announce
        NYT  -  417 words
      • 400 23 FT NEW YORK PepsiCo, the US beverage, snacks and restaurant business, hopes to save US$lOO million (Ssl4B million) a year in its rapidly-ex-panding European operations by centralising the purchase of services and materials, including TV advertising, sugar, flour and materials used
        FT  -  400 words
      • 77 23 Bloomberg Business News HONGKONG San Miguel Brewery, Hongkong's leading brewer, yesterday said it will pay its stockholders a special dividend of HK$3 ($0.57) a share. The company had been expected to announce a special dividend after the recent sale of its Hongkong brewery to
        Bloomberg Business News  -  77 words
      • 68 23 AFP SHANGHAI Shareholders of Shanghai Posts and Telecommunications Equipment Company have approved the sale of 60 million shares to foreign investors, the international coordinator of the floatation said yesterday. The Crosby Securities official said the go-ahead was given at a shareholders' meeting last
        AFP  -  68 words
      • 111 23 Knight-Ridder TOKYO Two foreign companies applied yesterday to the Tokyo Stock Exchange to delist shares listed on the exchange's foreign section, the TSE said in a statement. The companies are US-based Scott Paper Co and British Gas Public Ltd. The delisting date for both
        Knight-Ridder  -  111 words
      • 78 23 Bloomberg Business News HONGKONG Diversified manufacturing and trading group Lam Soon (Hongkong) yesterday said its net profit fell 76.3 per cent in the six months ended June 30. The company reported the profit, which is after tax and minority interests, HKS3I.3 million (555.9
        Bloomberg Business News  -  78 words
      • 67 23 Bloomberg Business News HONGKONG Hongkong's stock exchange has agreed to provide live data for a new finance channel run by Wharf Cable, the territory's sole subscription television network. Starting in January, the Finance Channel will provide round-the-clock information on stock quotes and indices,
        Bloomberg Business News  -  67 words
      • 245 23 Reuter LONDON International motors and marketing group Inchcape pic yesterday said depressed car sales in Europe, caused by the strong yen, continued to darken prospects after knocking profits at the halfyear stage. Inchcape is the world's largest independent car distributor, importing several major
        Reuter  -  245 words
      • 192 23 Reuter JOHANNESBURG International Business Machines Corp of the US proposes to acquire an effective controlling interest in South Africa's Information Services Group Ltd (ISG), a joint statement said yesterday. IBM Corp, which disinvested from South Africa in 1987, reinvested last December through an
        Reuter  -  192 words
    • CORPORATE FOCUS
      • 1495 22  -  CMS is hot on an acquisitions trail that will transform the company into a construction conglomerate, reports Agnes Chen Agnes Chen Malaysia's g single largest b infrastructure n deal the I 1 Msls billion (558.67 billion) Bakun hydro- electric power project in Sara- c
        1,495 words
      • 365 22 CEMENT Manufacturers Sarawak Bhd has told shareholders that its purchase of a stockbroking house and three construction material companies will result in a three-fold increase in pretax profit this year to Ms6B million (Ss39 million). The Sarawak cement monopoly, in a circular sent
        Source: Bloomberg  -  365 words
    • FINANCE & COMMODITIES
      • 413 24  -  By Shiv Taneja SINGAPORE As part of a strategy to strengthen its treasury operations here, Chase Manhattan Bank's regional head of derivatives will move his base from Hongkong to Singapore. Chase Asia-Pacific managing director for structured derivatives Ralph Yiehmin Liu said
        413 words
      • 375 24 Eastern Express HONGKONG In its first venture into the capital markets, the Hongkong Housing Society last Friday signed agreements for a HK$2 billion (SS3BO million) issue of 30month floating-rate notes (FRNs) with Hongkongßank and 13 other banks. This is the largest issue
        Eastern Express  -  375 words
      • 128 24 SINGAPORE Lippo Pacific, a member of the invest-ment-banking division of the Lippo Group, has raised US$3O million ($44.1 million) through a revolving credit facility. The deal, signed yesterday at the Pan Pacific Hotel, was arranged jointly by the local offices of Credit Lyonnais,
        128 words
      • 171 24 SINGAPORE Japan's Tokai Bank has been named Most Active Trader by the Singapore International Monetary Exchange. The award, given as part of celebrations to mark Simex's 10th anniversary this month, was in recognition of the fact that the bank had the highest trading
        171 words
      • 195 24 Knight-Ridder SINGAPORE Bank Indonesia will maintain the nation's prudent monetary policy despite signs that inflation has been capped and economic growth is steady, the Jakarta Post has reported. "Inflation has been kept under control in the past eight months while signs of economic recovery
        Knight-Ridder  -  195 words
      • 314 24 Weak petrol prices threaten Asian refiners 9 profits Reuter SINGAPORE A sharp plunge in petrol prices has upset many South-east Asian refiners who have poured hundreds of millions of dollars into new equipment to produce petrol. "We hope the weak petrol situation is temporary," a senior oil executive said yesterday.
        Reuter  -  314 words
      • 343 24 Reuter DUBAI Oman plans to borrow about US$3.6 billion (555.3 billion) to finance a US$6 billion liquefied natural gas (LNG) export project, a senior Oil Ministry official said yesterday. The Oman government is developing the project with foreign partners led by
        Reuter  -  343 words
      • 271 24 SINGAPORE International fund manager Schroders Investment Management (UK) Ltd recently launched the first Indian sector-specific fund for foreign institutional investors. The open-ended fund, Schroders Indian Communications Fund Ltd, will invest in the Indian communications industry, which is undergoing rapid liberalisation. It
        271 words
      • 290 24 Bloomberg ENERGY REPORT LONDON Brent crude futures extended two days' gains and a 6.4 per cent rise in value over the past week, as the chances of Iraqi exports being reinstated in the middle of next year appeared to recede. Further price strength
        290 words
      • 182 24 Reuter LONDON The dollar turned in a relatively strong performance yesterday, but the market was unwilling to go heavily long of the US currency with so much uncertainty about the Federal Open Market Committee meeting, dealers said. The dollar opened higher against the mark here and spent
        Reuter  -  182 words
      • 98 24 Reuter NEW YORK The dollar was higher at midday amid speculation the US and Japan would reach a trade agreement by the deadline on Thursday. At midday, the dollar was Jiuoted at 1.5552/62 marks, up rom 1.5538/43 marks at the open, and at 98.60/65 yen, up from 98.25/35
        Reuter  -  98 words
      • Article, Illustration
        1243 24 1 rade~»nghied index calculated against S'pore's lap 14 trading partners. Base year 1985 US$/S$ forward rates Noon Sep 26 SS Bid Offer 1-month 1.4765 1.4779 2-month 1.4755 1.4769 3-month 1.4744 1.4758 6-month 1.4707 1.4727 Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at fm h Stf 2( Singapore dollars
        1,243 words
    • COMMODITIES & FUTURES
      • 1281 25 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars closed steady in quiet trade, dealers said. Market sentiment was cautious ahead of today's Federal Open Market Committee (FOMC) meeting to decide on US interest rate policies. The market continues to speculate over the possibility of a hike
        Reuter  -  1,281 words
      • 657 25 COMMODITY REPORTS KL Tin THE price of tin on the Kuala Lumpur Tin Market rose another 14 sen to M$I3.61 per kg yesterday as market players continued to support the metal. One dealer said that although the market was still fundamentally weak, the robust performance
        657 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 82 25 TOKYO Japan's Ministry of International Trade and Industry predicted yesterday Japan's crude steel output in fiscal 1994 will total less than 100 million tonnes because of production cutbacks slated for the final quarter, Kyodo news service reported. The ministry estimated output for the year
          82 words
        • 92 25 TOKYO Worldwide Western production of aluminium will fall 4.6 per cent to 14.4 million tonnes for all of 1994 from 15.1 million tonnes in 1993, according to the latest forecast from Japan's Marubeni Corp. Net imports from Russia and pther non-Westem countries will fall to
          92 words
        • 88 25 TOKYO The 1-million-tonne Alumina do Norte do Brasil SA alumina plant in Brazil is eyeing an early start-up of production next year, but needs US$2OO million (***** million) in new funding from Japan to do it, according to a senior Japan official. Alumina is
          88 words
        • 59 25 SYDNEY The Australian Wheat Board has raised its estimates for wheat delivered into most 1994-95 pools by Asls (5516.2) per tonne from levels two weeks ago. AWB general manager for marketing Ron Storey said the estimates had now risen at every revision since July,
          59 words
    • 1354 25 Rubber 26 Singapore Commodity Exdumge Hyskal Wc>> (futures closing at at 5.309m) layers Saliars As at 12 nm (S cents/kg) RSS 1 Contract (S cents/kg) waaiwwnraw —f RSS 2 Oct 94 201.00 202.00N Close Volume Open q. 200.00 201.OON Month High Low Sett (tonnes) Interest 195.75N Oct 94
      1,354 words
    • REGIONAL STOCK MARKETS
      • 1018 26 +2.3 AUSTRALIAN shares closed a touch higher on modest volume. Dealers said the market should remain quiet until after the US Federal Reserve's poli-cy-making Federal Open Market Committee (FOMC) meets tonight. Investors are worried that the FOMC will increase US rates for the sixth time this year. The All
        1,018 words
      • 656 26 -15.16 Philippine share prices opened the week lower by 0.51 per cent on Monday, dampened by the weakness in other Asian bourses and a concern over a possible rise in short-term US interest rates, analysts said. The Philippine Stock Exchange Composite Index declined 15.16 points to 2,944.20. It was
        656 words
      • 608 26 +103.74 Taiwan share prices closed sharply higher to end above the 7,000-point resistance on late buying of banking stocks by institutions and major market players, brokers said. The index ended up 103.74 points, or 1.50 per cent, at 7,025.76. Turnover was a slow NT548.41 billion. "Shrinking turnover showed most
        608 words
      • 454 26 +7.71 Share prices surged on the Korea Stock Exchange (KSE) yesterday, rewriting a record high, on bullish buying orders for me- dium-priced issues, dealers said. The Composite Price Index gained 7.71 points to register the new record high of 1045.12 points. Turnover was heavy with 53 million shares valued
        454 words
      • 292 26 -4.73 Shares ended slightly lower on minuscule turnover as investors steered clear in anticipation of another possible leap in interest rates. "The heat has really gone out of the market and I would say the spectre of higher interest rates would have to be the main reason for
        292 words
    • WORLD STOCK MARKETS
      • 679 26 -28.4 The stock market was hit by a sizable loss yesterday as the Footsie index shed 28.4 points or 0.9 per cent on the day to end at 2,999.8. That marks the first time since July 12 that the indicator has closed below the 3,000-point level. The FTSE Mid-250
        679 words
      • 153 26 -24.63 French shares finished softer as bearish sentiment prevailed ahead of today's FOMC meeting. Some traders said they had hoped yesterday, the first day of the account, would show at least some small gains. But with the prevailing mood, the market found it hard to push ahead, even with
        153 words
      • 141 26 -20.45 The stock market plunged almost one per cent yesterday as the DAX Index finished the day at 2,068.67 points, down 0.98 per cent or 20.45 points from 2,089.12 at the Friday close. Frankfurt Sc* 2* DM +T kZ IM 20 -J *0 BASF *> 7 JO -MO BMW
        141 words
      • 119 26 -0.76 pc Swedish shares closed lower in thin and cautious trade ahead of today's Federal Reserve FOMC-meeting and a possible US rate rise. The bourse was also hit by a weak London bourse and sell-outs ahead of expected increased taxes on capital gains under the new Social Democratic government.
        119 words
      • 165 26 +17 Italian stocks closed mixed ahead of several key earnings statements and talks between unions and the government on cutting the budget deficit. 'Trading was very slow today ahead of the government meeting," said Paul Jackson, a trader at Epta Sim. "But with so many good earnings results coming
        165 words
      • 272 26 -32.66 Stocks tumbled further in thin, jittery midday dealings as investors kept a worried eye on the US interest rate situation. The TSE 300 composite plunged 32.66 points to 4334.88. Only one of 14 sub-indi-ces kept above water at midday. The conglomerates sector provided substantial downward pressure, dropping 98.79,
        272 words
      • 725 26 +3.03 Stock prices were mixed at midsession yesterday, as caution was the byword prior to the inflation-battling Federal Reserve meeting, which may consider another interest rate increase. The Dow Jones Industrial Average was up 3.03 points at 3,834.78 at 1 pm EDT. Declining issues led advances 11-8 on
        725 words
      • 276 26 -3.14 Dutch shares ended a slow session just above the day's lows as modest early gains for Wall Street and a recovery in London offered some late relief. The AEX Index closed 3.14 points or 0.78 per cent lower at 400.47 after earlier dipping below 400 to a low
        276 words
      • 308 26 -23 Swiss shares ended the day lower, but the market managed to hold above support in the SMI index at 2,580 points. Dealers said the market lacked incentives to trade on. Prices slipped backwards, but there was no selling pressure. Some of the market's cautiousness was seen linked to
        308 words
      • 261 26 -140 Shares were dragged sharply lower by the close eroding earlier steady sentiment. The Overall Index was off 140 points at 5,616. The Gold Index was 25 softer at 2,444 and Industrial Index was down at 163 at 6,199. Johannesburg Sep 26 Kiwi INDUSTRIALS A Alpha WOO -500 AKlT:
        261 words
      • 694 26 Britannia Funds Sterling Cask BM CXfcf M.m Cap Dcpo.il 3* 6400 31 6500 M.m JerVrj CHT. 0.1193 0.IW M.m Max income ****** -0 9200 USS Cash Income Phis Fund 9 5500 *****0 PS Reserve Fund J.JI00 J 3200 ISSSJSS 0 4592 0 49J* Far East Fund *2.7650 *2 47JO Man
        694 words
    • Article, Illustration
      2906 27 Reuter HONGKONG Shares finished with modest gains in dull trading, with participation discouraged mainly by fears of a US interest rate hike, brokers said. The blue-chip Hang Seng Index gained 11.16 points to close at 9,643.63, off an early high of 9,700.92. Turnover improved to HKS3.3B billion from Friday's
      Reuter; Source: Bridge Info  -  2,906 words
    • Article, Illustration
      491 27 CLSA INVESTOR interest continued to wane in Shanghai, with the B share index finishing 0.4 per cent lower on falling turnover of US$3.3 million. Many stocks finished unchanged, including Lian Hua, Jinqiao and Forever Bicycle. Shangling Electric reversed the trend, up 1.5 per cent on increased volume of US$4OO,OOO.
      CLSA  -  491 words
    • Article, Illustration
      2486 27 Bloomberg Business News AFP TOKYO Three of four shares that will be, or already have been, dropped from the Tokyo stockmarket's Nikkei 300 Index have declined. Meanwhile, shares in three of the four companies that will replace them have risen. Major investors in the Japanese stock market and dealers
      Bloomberg Business News; AFP; Source: Bridge Info  -  2,486 words
    • Article, Illustration
      1671 27 Reuter BANGKOK Thai stocks closed moderately lower after a sharp fall earlier in the day on selling of blue chips, brokers said. The SET Index closed 10.34 points lower at 1,495.72 after tumbling as low as 1,481.74 earlier. Turnover was a low seven billion baht, against 8.88 billion baht
      Reuter; Source: Bridge Info  -  1,671 words
    • Article, Illustration
      989 27 Reuter JAKARTA Share prices closed mixed in dull trading with most investors sidelined ahead of the US Federal Open Market Committee (FOMC) meeting today, brokers said. "The market, as trading showed today, will not do much until a result comes out of the FOMC meeting. On the whole shares
      Reuter; Source: Bridge Info  -  989 words
    • 1958 28 MOST ACT!*- votom Promet 37.656.000 MBf Capital 26.148.000 Johan HUgs 50c. 16.514,000 Faber Group 15.6)8.000 Lien HoeTSR97 11.106.000 Vlenang Corp Lien Hoc 7 .'^.000 Sel Dredg 50c M Mosaics MB! HUgs 50c 5.911.000 Amal S<eel 50c «of«K Pcgi Msia 5.1*1,000 Mm Hyd 50c 4.903.000 MMTACTIVt Promet 76,525,170 MBf
      1,958 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 4712 28 Bernama KUALA LUMPUR Share prices finished lower yesterday as institutional investors remained sidelined but trading was brisk as retail investors chased up situational stocks. The market was dominated by traders with hardly any fund managers providing support as they were watching the US
        Bernama; Source: Bridge Info  -  4,712 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7129 29 [MAINBOABP Mi |Vol Day Lm( Qmo4c W* Dh YM NH C» Aif High Low S«i* ("WO) Higk Low Seller C>r VH $«ll Price INDUSTRIAL AMD COMMERCIAL 1440 #35 mt s Acma 995 cd -5 74 1000 990 990 995 17.5 4.7 18 15.9 6*5 8 1001 820 400 t >
        7,129 words
      • 1878 30  -  By Paul Leo SINGAPORE Local stocks ended lower yesterday, dragged down by profit-taking across the Causeway and caution ahead of tonight's US Federal Reserve's Open Market Committee (FOMC) meeting when the Fed is expected to raise interest rates for the sixth time
        Charts by Bridge Info; Source: Bloomberg  -  1,878 words
  • Page 19 Advertisements
    • 223 19 NEWS VALUE How today 's ne*s might affect your stocks Bankers welcome govt funding move but seek more details (pg I) Clearly, investing in the financial sector holds lots of promise. Heshe posts higher than expected full-year losses/#? I) Price may test year's low of 35.5 cents. Economists split on
      223 words

  • Page 20 Advertisements
    • 236 20 avellers from around J Bthe world tv ill find our 'Executive Centre a very convenient 'home-away-from home' office. Diisit m lite provide not only executive secretarial services but balikpapan-Indonesia aCso information on (ocal and international trade and finance. Our attentive staff will Be pleased to kelp you For Reservations Enquiries:
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    • 6 20 Dividends table has been held over
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  • Page 21 Advertisements
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  • Page 22 Advertisements
    • 184 22 JUNE 1994 MAY 1994 MAY 1994 J. f PARKWAY HOLDINGS LIMITED HONG LEONG TOWER LIMITED JURONG TOWN CORPORATION U5540,000,000 5575,000,000 *****,000,000 Mortgage-Backed Loan Facility Hybrid Bond Issue Floating Rate Notes Issue Arranger Arranger Arranger Q ABN* AMRO (Asia) Ltd. J| ABN* AMRO (Asia) Ltd. ABN* AMRO (Asia) Ltd. L DECEMBER
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  • Page 23 Advertisements
    • 200 23 IISM jklf* s Tla— a jaHw a i^yLsi Because We Believe Business Class Should Not Stop When You Leave Business Class. The moment one smile bids you •MH <**'» nol all At A" 13 V ou goodbye there is another waiting at sta Y right in the centre of the
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  • Page 24 Advertisements
    • 49 24 You may have been unable to get your Business Times, Straits Times. Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask tor home or office delivery service.
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  • Page 25 Advertisements
    • 200 25 :"kew"z£aland"/" AUSTRALIA Are you able to identify the most outstanding investment opportunities available in New Zealand Australia? a Are you being offered the most competitive finance package available in New Zealand Australia? I Are you aware of the most effective tax structures for New Zealand Australia? Do you require top
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  • Page 26 Advertisements
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  • Page 30 Advertisements
    • 31 30 BUSINESS T I M_JL_S TOLL-FREE TEL. No. 1-80Q-741-1883 FAX:74I-1298 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. I Everyday. SINGAPORK f Business Times *w mom asia
      31 words
    • 176 30 F.I .F.CTRONIC GOODS FOR SALE a) TKR Car Stereo Set Model CRSO 1,000 pes CRFBB66 540 pes CRFBOOM 420 pes b) Bigston VCP-VBR 334 pes MEPeat Marwick Corporate Recovery Services Bob/Susan at *****78/76 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF ABC METAL A
      176 words
    • 161 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 30 AND IN THE MATTER OF ABC METAL A BEARINGS PTE LTD (la Member*' Voluntary Liquidation) Noticc it hereby given that the creditor* of the abovenamed company, which it being voluntarily wound up, are required on or before 31st Oct 1994 to
      161 words
    • 358 30 THE CONPAMES ACT, CHAPTER SO SECTION 290<2)<8) nonet of resolution DU PONT (SINGAPORE) ELECTRONICS PRIVATE UNITED (M MEMBERS VOLUNTARY UOUIOATWN) At an Extraordinary General Meeting of Du Pont (Singapore) Electronics Pnvale Umated hetd at 6 Battery Road *32-00. Singapore 0104 on the 21st day ol September 1994. the Mowing special
      358 words
    • 356 30 IN THE MATTER OF THE COMPANIES ACT, CAP. S0 AND IN THE MATTER OF APS (PRIVATE) LIMITED (Incorporate* la the Republic of Singaporel (In mem ben' voluntary winding-up) At an extraordinary general meeting of APS (Private) Limited Ally convened and held at No 9 Muthunman Chetty Road. APS Building Singapore
      356 words

  • Shipping Times
    • 467 31  -  Sembeth shipyard explosion By Ramesh Divyanathan SINGAPORE An inquiry into a fatal accident in August at Sembawang Bethlehem shipyard heard yesterday that no permits were issued for the blasting or spray-painting of a vessel's tank section. State counsel Ong Hian Sun, leading
      467 words
    • 428 31 Knight-Ridder NEW YORK Chartering activity slowed to almost a halt late last Friday, with few new orders quoted, brokers said. In the Persian Gulf, Exxon fixed the Autan for its Oct 10 259,000-tonne cargo from Kharg Island to Rotterdam at worldscale
      Knight-Ridder  -  428 words
    • 376 31 Knight-Ridder LONDON New hope for the closure-threatened Swan Hunter shipyard in north-east England grew last week as a UK-led consortium announced takeover plans, the UK domestic Press Association reported. Manchester-based Organization Management and Survey Limited (OMS) was known to be one
      Knight-Ridder  -  376 words
    • 800 31 Page Col Accord Group 8 1-3 Ahlers Lines 13 5 Ahrcnkiel Liner 4 1/2 •APL 5 3-5 •Appcnship 4 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
      800 words
    • 69 31 Reuter LONG BEACH, California The ocean liner Queen Mary, shown here in this recent file photograph, was re-dedicated yesterday by Her Royal Highness Prince Michael of Kent, grandson of Her Majesty Oueen Mary, on the 60th anniversary of the christening and launch of the Queen Mary,
      Reuter  -  69 words
    • 208 31 SINGAPORE Orient Overseas Container Line of Hongkong will launch a feeder link between the British colony and Shanghai on Oct 1. OOCL will operate the fixed-day weekly service jointly with Shanghai Hai Hua Company. It will use two vessels, the Xiu
      208 words
    • 253 31 Bernama KUALA LUMPUR Six major carriers, including Malaysian International Shipping Corporation (MISC), have sealed an agreement to charter and exchange vessel space, coordinate ship sailings and cooperate in the use of port terminals and equipment for ocean transport services in the Northern Europe-Far
      Bernama  -  253 words
    • 1688 32 P I THE Baltic Freight Index hit a 15- month high as shipowners continued to show they had the advantage in the dry cargo market, brokers said. The BFI fixed 16 points higher at 1,600, its 16th conscutive rise to its J highest clvel since June 1993. With
      1,688 words
    • 12724 40 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. LEGENO PN: ship calls at Penang after
      12,724 words
    • 3344 45 X a.B(' Containerline NV: Bclsin Shpg.. Agencies Pie Lid (SVNlanne Handling Sdn Bhd (PK/PN). tjAcctwd t»roup: Accord Shpg Pte Ltd Si/Acconi Contr Line (PK/PN). Business Corporation Philippine: Calsourcc Shpg Trdg Pte Ltd (S) Ahrcnkiel l.iner Ser»iee: Kim Shpg Trdg(S). Übatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,344 words
    • 278 45 Abacus Courier* Tel: 545-8011 Fax: 545-1898. Air Kxprevs Iravel Tel: 533-5771. Fax: 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. CitvLink International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies <& Seniors
      278 words
    • 1520 45 Abex Kxpress Freight Tc let: 542-7171. Kan: *****84 Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fa*: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05. Aernspeed Td: 542-5911. Fax: *****18. Air Cargo No*o Kxprevs Td: 542-5454. Fax: *****06 Air FApress International Td: 542-7666 Fax: *****74. *****50.
      1,520 words
    • 3081 46 ALBANIA Dunes: Four vessels discharging of which I bulk wheat, 1 gasoline, 1 bagged cement, 1 building material, 1 break pallets vessel in roads awaiting berth. AUSTRALIA Queensland: Coal: Abbot Point: One vessel loading, 1 waiting, 1 vessel due, approx 1 day delay. Dalrymple Bay: One vessel loading,
      3,081 words
    • 281 46 CRUISE FERRY SCHEDULES tRUISE SHIPS rr Dep Name of Vnstl ETA ETP Ports of Calls Port Agent Telephone No EPTEMBER 7 27 Delfin Star 1100 2100 Port Klang Harpers Shipping 221-1388 7 27 Langkapuri Star 1800 2200 Pcnang Jardinc Shpg Agencies 224-1052 Aquarius 9 29 Leisure World 1000 2015 Jakarta
      281 words
    • 614 46 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 bv Coulouthros in the sale of their panamax bulker
      614 words
    • SHIPS IN PORT
      • 467 47 V«u4 Vti N* BarHi Arrival Dtpjrt™ B<f Diyy wcbj 2 P04 2/09/0900 7809/0900 Al!wto5 A44 110 ***ad« 2/09/0500 Bafc Venw 2 W J*?',!™ ?7M/1«0 oil -l.liiA 77 09/0800 Balam Soeed3 *9994* POIA 2709/1200 2709/1300 2HZ2. «J1 J 2709'2300 *****' POIA 27 09/0700 2709/0800 Balam MMi N147 C
        467 words
      • 1299 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING of export fcl containers and lcl cargo Record Sty Voy No Etb/Btr Period From To Frww a/1500 IB 26/1500 26/1659 26/1900 to 13M 28 26/1700 27/0655 27/0900 4 27/1200 27/1458 27/1700 in 28/2300 18 26/1500 26/1659 26/1800 aN 152N
        1,299 words
      • 808 47 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        808 words
      • 511 47 Cafeaa 22 Ommty Nate IwMw A* Afeatom Ti*n«n1 MM EJOUW KC/M*3 t V/V M/M M/M P«i BO/Omc 1Mb Spec £25 991 10 15.0 010 30* 0.10* SpK C35 991 10 18-0 115 30* 010* IMhEm*! 180 Ave 980 0 2 121 006 9 0.02 180 Ms
        511 words
    • 988 48  -  It is not a completely rosy picture but Danish short sea shippers holding a conference in Copenhagen agree that this sector can be a lucrative business. Andrew Draper reports Andrew Draper Seatrade Week Newsfront A LL IS far from well in Danish
      Seatrade Week Newsfront  -  988 words
    • 262 48 COURSES Title; Standard Trading Conditions (SDF 70%) Duration: Sep 27 Nov g (7 evenings) Organiser Singapore Freight Forwarders Association Tet For more information contact SFFA Secretariat at 253-7550 or fax: 253-2303. Title: Certificate in Applied Buying (SDF 50%) Duration: Sep 27 Dec 22 Organiser Singapore Institute of Materials
      262 words
    • AIR AND LAND TRANSPORT NEWS
      • 523 50 Bloomberg Business News WASHINGTON Do all airlines get equal treatment on the computer systems used by travel agents? The US will try to answer that question in a new study being ordered by Transportation Secretary Federico Pena. Mr Pena will
        Bloomberg Business News  -  523 words
      • 36 50 AFP MANILA Roman Catholic Irish priest Lovett Aidan blessing a brand new car on Saturday with a sprinkle of holy water on the engine for the safety of the two car owners (right). AFP
        AFP  -  36 words
      • 335 50 FT LONDON Lufthansa, the German national airline, plans to reduce the group's long-term net debt by nearly 3 billion deutschemarks (552.9 billion) by 1997 as part of its overall restructuring and financial recovery. The reduction in net debt will lead
        FT  -  335 words
      • 299 50 Reuter HOB ART, Australia A factional deal struck within Australia's ruling Labor party to allow the leasing of the government's 22 airports would not cut the As 2 billion (552.2 billion) in revenue the government hopes to secure from privatisation, a
        Reuter  -  299 words
      • 392 50 Bloomberg Business News TOKYO Japan's domestic vehicle production fell 4.3 per cent on the year in August for the 23rd consecutive decline, but analysts say the trend should gradually improve in coming months. Japanese carmakers manufactured 700,185 vehicles at their domestic
        Bloomberg Business News  -  392 words
      • LOG BOOK
        • 58 50 Knight-Ridder LONDON The refrigerated cargo vessel Aconcagua is reported to have grounded at 221.5 km on the River Parana Guazu, at 0300 GMT, last Wednesday, according to Lloyd's Intelligence last Friday. The tug Albatros has been contacted to assist. The Pana-manian-flagged vessel Aconcagua is owned
          Knight-Ridder  -  58 words
        • 98 50 Oana-Antara BEIJING The pilot of Indonesian Hercules aircraft which crashed last Friday after take-off from Kai Tak Airport in Hongkong said the accident was due to engine trouble. Captain Soeyono Sanardhi said a turboprop engine of the aircraft's left wing suddenly ripped into two
          Oana-Antara; AFP  -  98 words
        • 66 50 AFP TOKYO Toyota Motor Corp will start manufacturing dieselpowered cars in Britain from next month, a company spokeswoman said yesterday. The company eventually plans to annually produce 20,000-30,000 diesel cars, which have become popular in Europe. Toyota's British unit, Toyota Motor Manufacturing (UK)
          AFP  -  66 words
        • 102 50 AP VANCOUVER A Canadian pilot charged in a South Korean plane crash last month has returned to Canada to prepare for his trial. Captain Barry Woods arrived here on Sunday from Seoul. He and his South Korean co-pilot were charged with negligence after
          AP  -  102 words
      • 208 50 AP MANILA The Subic Bay Freeport international airport has been closed for improvements to suit its new role, the Subic Bay Metropolitan Authority said on Sunday. The airport, originally designed to handle US fighter and cargo planes while Subic was an American naval base,
        AP  -  208 words
      • 1596 50 Ctty FlgM ETA CT1 CXy np* 0* 5#? 0L 4K«| okaM GA892 0255 0/yQQ2 1940 Om%m SQ406 0115 V 82 3555 SJ& $l x £1 Sg B rrrr" 0F6 1845 LH773 2359 AMStaHan GA893 1510 KL838 0001 7ZZZ rrrm OiTi KL837 1550 KL844 0135 fataaha SQ989
        1,596 words
      • 128 50 AP BONN, Germany Parliament approved the building of the world's first commercial, high-speed magnetic train, moving passengers from Hamburg to Berlin at nearly the speed of a jet plane. With Friday's go-ahead, the German government pledged US$3.3 billion (554.9 billion) to build the
        AP  -  128 words
      • 285 50 Bloomberg Business News DETROIT General Motors Corp and Toyota Motor Co are recalling a total of 241,000 1994-model cars to replace and reposition electric door-lock relays and replace defective seatbelt parts. The largest recall involves about 149,000 of GM's Buick Centurys and Oldsmobile Cutlass
        Bloomberg Business News  -  285 words
  • Page 31 Advertisements
    • 40 31 (WESTMIIAA separator; Always on Course FOR SERVICE AND SPARE PARTS SUPPLY, PLEASE CALL ?*****®§ ?o@ooooo Things are looking up for northern Europe short sea shipping, Page 18 US study to ensure fair deals for airline s and passengers, Back Page
      40 words
    • 26 31 Lines and services represented by Members of the Registry of Accredited UffQu*) Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: lei 740-2089/740-2090
      26 words
    • 33 31 J?±7M+R" M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: THINK TANK For a closer look at issues that matter. Analysis. Tuesday to Friday. SINGAFOftk r i Business Times WE KNOW ASIA
      33 words

  • Page 32 Advertisements
    • 1588 32 I a-M, r »<m m. .11. a» 111. *>• *>• tmmyamm 11,1 Rj SZSSI" u. I CALf ORMA PEGASUS 25 MM 2tM 2*.11 21.11 27.11 2S.M 25.11 2111 2111 2J.11 1 mrmw ivrm rw Hi 151 22.5 215 Hlf' J CJU.FORMA JUmOt 71 12-IXII 25.11 31.11 til 111 1.11 til
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  • Page 33 Advertisements
    • 1416 33 JARDINE SHIPPING AGENCIES SON. BHD c c.i^«N, l ?oVa^,ss?!»ffsss««020. j,va ;Ils.'z nn EXasr" cfs »lfcWj SSSFmo. oano E«;» S^4IOWSI TOMER SERVICE *****27 FAX *****25 JOHOR BAHRU TEL: 02-T7-*****70 FAX 02-07-*****99 KEPPEL OtSTRIPARK BLK 513 #01-128 I TflM CWH CWIHT HI tJI Tf B«| ww TBWB CMM tfIWT f Dedicated to
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    • 1786 33 ■gjEossaaEa U. S. A. /CANADA 3 TIMES A WEEK SL EXPRESS V.216E ETA SIN 3RD OCT 94 MAGLEBY MAERSK V.9408 ETA SIN 4TH OCT 94 ARTHUR MAERSK V.9416 ETA SIN STH OCT 94 Vawat Voy ETA ETD FmMM by S Uur- 4 M Conv* DESTINATIONS OTA IT* ETA Nn, wmrn
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  • Page 34 Advertisements
    • 880 34 AQABA R OAM/ LE ALSO ACCSmHO FWO66 VESSEL VQY NO SPORE JEDOAH (VIA JED) STON H'BUHO A WERP HAVRE MALAYSIA DANUBE 1513 a" 26/9 15"0 '•"<> 16/10 Port Kelsnfl, Psnsnfl LEVERKUSEN EXPRESS ZHK 12Z15 WW 22/10 24/10 26/10 P.* Qud.nfl KATSURAQI 23/139 5/10 22/10 2S/10__23/10 EAST MALAYSIA "'.r* 0 jmsrzsßEJEisl
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    • 755 34 I AFGHANISTAN MAM Afghanistan Ltd, Hairatan, Torghundl. Islamqala (Doqharun) I C.1.5./RUSSIA: Mtochny, Vladivostok, Moacow Ii I Baku. Tashkent, Irtut*, Alma Ala. Aahgabad. Duahanba. K« N Koraa: Pyongyang. Nampo Mongolia: Ulaan Bator I LCL TO CIS A EASTERN EUROPE I j| VESSEL SIN DKR J I 11 Ned Oceania V.2344 04/10
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    • 1054 34 NORASIA :l 9 t/m I NOR ASIA HONGKONG 9438-3 28/09 14/10 18/10 19/18 18/10 19/10 19/19 28/18 28/19 I NOR ASIA nm. 9439 3 05/10 28/10 Jl/18 81/11 82/11 83/11 84/11 95/11 05/jl AAABMN St A ***** 12/10 05/11 18/11 11/11 08/11 89/11 19/11 U/ll Jl/JJ j SEA MACEDONA 441N
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  • Page 35 Advertisements
    • 1059 35 K STRAITS SHIPPING PTE LTD 10 Hoo Chiang Road #11-01 Koppol Towers Sinsanor* 0208 Tel: *****8S Fax: *****17 ■.ij.iiii.iMi.a.ii.iiiMJi.iiiiiilMß.l.lllllJM I MEW GUINEA PACIFIC UNI *3vBr < A MMOI OF CHINA navigation CO) ACCEPTS Cs CARGO DUE SAM.S mint nn «i« ihn la m Part 28 Sap fcl. lcl container and
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    • 1746 35 PAO Containers (Singapore Agencies) Pte Ltd A, VJVltilttltVX l 0 Hoe Qjiang Road Keppel Towers, Singapore 0208 First Class Connections WORLDWIDE PNOCSP F 225 5327 *****,7 It l|llll l lS"::|»S«s:iEliii| Ws&~ HL is B*3 r E sii E E 3"~ E»»s~IS Ens Z3MMM n acCFPTING FCL/LCL FOR A* UK LocaMns.
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  • Page 36 Advertisements
    • 603 36 WOV w EKA JAY A AGENCIES >p||r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE 1 HO CHI MINH CITY PAOtW HANPPWQNB/PlflfcCl HCNRY HOC ifOtM J Ktkvjfi gHAM 2JJM24 WafflCT) I mawqj imnt asm I WILLIAM W« 21MW iTTMBMTMMim 1 TO VIETNAM/HCMC CONTAINER-FEEDCR SERVICE CENTER-POINT mk 7 lines
      603 words
    • 1047 36 I (g) HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 I SALES TEL:- *****30-233 HMUNHAMBURG 019E Mc7 Sit UlO M/ 10 UK S» ffij! I HANJIN SINGAPORE 015£ //10 MKCJ 27/10 29/10 30/10 HANJjJJ B0S« UK 8/10 H. 7/n 11/U 20/ n IHZ 10/11 11/11 12/11 SZIS 22 10
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    • 18 36 SPORE •A' VESSEL OC-192 24 OCT To Buwavwtwi/Bininquia/Santa ll*WCirt»|«ru/ Santo Dominfo/ Mo Quetul/Acajuttj/Sjo loreiuo/Corinto/Ho C*ber»/li Gu»»/ Puerto C»b«fa/Cmtobil/Mboi
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  • Page 37 Advertisements
    • 1478 37 j| II sex: 'CALIFORNIA MERCERYJMC^et a sgpJ 2^ ***** H l| l| AEX: 'NEPTUNE BH pO, «TE^I7^ETA^SGF' > 2«/0e /9 4 II p3s^^s3flK AMM i XPRKSS fJCWO TO? USWC VUS QULF MIDWWBT USMC I II «i II 111 I Ci«'« r*g«ffi BE ®V* DAL OCT HOC fu> TO WON I
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    • 884 37 A I MULTILINE SHIPPING PTE LTD If (a mtmbef of SftSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 X BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 |N a BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE iISURANCE: *****87 INVENTORY: *****59
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  • Page 38 Advertisements
    • 1172 38 AS AGENTS "ft" IMK (SIMfiAfOIII) PTE LTD (O MO: **********0M/6JT KG WO: M2-*****W4) K44 ft AS AGENTS TELEX KAWAKI R*****5 FAX: *****16/7/8/9 I f V WiZ MALAYSIA TT I s *s^^K^679S^PE?22 I ***** JB *****01 PGU *****25/6 I Am INDONESIA: P.T. IiUUUU UMff MTHHWM. TEL: JKT *****08 Etmm'z- It /UgWCA-PAOWC
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    • 1196 38 79 ANSON ROAD, #21-01. SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********® PORT GUDANG VESSEL VOY SW PKL Bti VESSEL j VOY I SW I Wl WW 2 PtRKASA 60N 27/09 (TUE) 28/09 (WED) »OU> JAVA ***** 26/09 (MOW) 28/09 (VED) MCC COWVEYOR 4H39 27/09 (THE) 29/09 (Ml) PERHASA 6IN
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  • Page 39 Advertisements
    • 914 39 r#' JLPACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street. #03-00 PIL Building, Singapore 0106. I K CRNO iooBo67<x>ooe I K VEBSEL VOY SIN CMS JIB HOO JED AQJ ADE PZU ASA MSW I fl*r kota berkat bktiss 2t/t 4/10 10/10 12/10 23/10 is/10 22/10 25/10 so/io I WS-i KOTA WIRAWAN
      914 words
    • 944 39 VOT SM LI HAWK HAMBURG THAMES ROIUKOAM ANTMCRP WILE 0- AQUM.A AOM» M/ 10 2«7Io 77/10 M/IO JO/JO 01/11 WUE V HYDRA HOSW 11/10 «m OJ/U OS/U <*/n M/U__ WILE DC LYNA TOSW 10/10 W/ll 10/11 12/11 13/11 15/11 uair nt urcA GOSw" 25/10 W/ll 17/11 10/11 20/11 22/11 1
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    • 550 39 bsa n. MYANMA tUUi FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf MYOMA YWA VIS3W SM Sid S4TTWC V64W 2/4 Oct HP* AN V2OSW 30/2 Oct AVA VI3OW 2/3 Oct 4/S Oct 29/01 Oct MALAYSIA AGENTS BOUSTtAO SHPPtNG AGENOES KUL TEL 03 *****00 Ml:
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  • Page 42 Advertisements
    • 1921 42 GULF f|l i|^|| *v** y fMy ill SSSTsSSUTSm sSIs? SsSfissss 4 *-~-ssaafaa&« s SWo* NT., #17-08 cTftiJnWMOOM M F™ *****08 Brtakbulk Src Docs: *****50 *****30 OBS SMf Imm 2 CRN* **********0 M Fn *****15 Fur. 2X1866 Singapore 0106 GST NO: M 2-*****05 X fSo**3ssSi«Xji7' S T« HI tot C«rt T*
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    • 1337 42 FOR BOOKING 1 800-*****00 TOLI r OUTBOUNO PHI PEN «H SW H*G MO TAI *08 OS* BUS_ MAN HAI 215/NOO9 23/99 25/09 ***** 28 28/09 02/10 04/10 05/10 06/10 12/101 13/101 l«/tO NAM HM 212N021 25/09 26/09 H/09 2*29/09 04/10 QS/10 06/10 08/10 T/S »t» MO 11/10 12/10 14/10 IVl
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  • Page 43 Advertisements
    • 628 43 i(iZ. FAMOUS CONTAINER LINES I 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 I HOT LINE: *****33 (24 LINES) I GOTHENBURG/SCAN 03/10 ROTTERDAM 03/10 I AARHUS/COPENHAGEN 03/10 HAMBURG/BREMEN 03/10 I MARSEILLE/FRANCE 28/9 FELIXSTOWE/UK 03/10 I BARCELONA/SPAIN 03/10 lEHAVRE/FRANCE 04/10 I GENOA/ITALY 03/10 ANTWERP/BELGIUM 03/10 I LOS ANGELES/WC/IPI 30/9 SYDNEY/MELBOURNE 28/9
      628 words
    • 1674 43 IgaaiMriirtin'ri'iirrnnffffiiiiHiii VESSEL SIN jy I VOY 1 SIN PEN B I WANA BHUM 247S Wod 28/S Ml 1/10 AKA BHUM 152N/S ~Tw lln Pt ~~Thu 2S/S VOY SIN BKK IM* BHUM 70* fri 90/9 W>d 8/10 DEJA BHUM 4567 Frl XVI M 1/18 |HUM &3H Tut lln Pt Fri 90/9
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  • Page 44 Advertisements
    • 1510 44 lAIAIMN J&6NTAINER LINES, INC I :N:AV *9«ti! MAC-NELS SPORE: *****22 (24 LINEB) OV \zJJimc in SIBU (064) *****0 KUCHINQ (062> 424^ PENANQ: (04) *****6 BANGKOK (662) *****67 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOft/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 25/9 26/9 27/9
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    • 193 44 I SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD EH ETA ETA SPORE TOUT KEIMK POMIK HUE MIX 1/1# 30/ i loadmj tot Malt RUVN HUOHU ft 9 loading tof Dub* CXXPHW IS/10 loading Fo» Male PK*€£* sum* 10/10 loadw( For Male UMCON 3/10 loadinf Foe Malt PROGRESS IBERTY
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    • 821 44 0 THONG SOON UNES PTE LTD 1 I 78 SHENTON WAY #10-01, SW6APORE 0207 I I V y TEL: 227-50SS FAX: 227-6011 I I TLX: RS ***** CARRER, RS ***** ENHOL CABLE: TOSOCO I m pw»w moo* ctxmvr T/* CA D auia V SINGA EXPRESS SINGAPORE TO SARAWAK SINGAPORE TO
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  • Page 46 Advertisements
    • 36 46 any job. any career. Available any Day. Any Time. Anywhere. The straits Times The Sunday Times business Times The new paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN BERITA MINGGU Singapore Press Holdings
      36 words
    • 16 46 \CwJ}T EYE ON THE TIGERS Nobody cdvers East Asia like we do. The Region. Everyday. Businesslimes
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  • Page 48 Advertisements
    • 26 48 -rj 4 -5 SiSjSjs-^ 7 ffiito^ 65 to An, •t cri?:- £§-sss.^??*e«e* LOOKING DEEPER A probe into current market developments. Hock Lock Siew. Everyday. Business Times
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  • Page 48 Miscellaneous
    • 560 48 TODAY*S TIDES (height in metres) HOW 0000 01N 0200 0300 0400 0500 MOO 0700 0100 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2300" 1.3 1.7 2.0 2.1 2.1 1.9 1.5 12 1.0 1.0 1.1 1.4 1J 2J 2.1 2.7 2.5 2.3 |J 1.4
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  • Page 49 Advertisements
    • 879 49 ▲HYUNDAI MERCHANT MARIN^O^D. WESTBOUND TO EUROPE BKG: *****61 po* «sms voy im ant* lor ham «ej ~rr~Tr rr-rr H FTHMd HST 03/10 21/10 23/10 22/10 23/10 23/10 25/10 25 S/S oi/io mSmnt 10/10 20/10 so/io 29/10 30/10 so/io 01/11 ?f/}2 ?2/IS S/1S KCWLLoSI 312 V 17/10 04/11 OC/11 05/11 06/11
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    • 493 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS IMBOUNP VESSELS *SSL WT sr n hoc ki mm kt KOUBtM <3 SLO JO/O 17/0 TJKMO 1* 21/1 (tuo* tl 1/10 J/W MM UUAH M 7/M COSMC LUDCI 47 1/10 IZ/10 nun MHO 71 11/10 KQSHUR U S/10 0/10 12/11 14/11
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    • 981 49 [VESSEL VOT ISWEWP [LAX 1 OAK CHI DAI IQI/COL HOU NTC NO! ALLIGATOR PMX S4A 29/09 11/10 11/10 13/10 20/10 20/10 21/10 21/10 *2/10 HENRY HUDSON BRCCE 7U ot/10 23/10 25/10 20/10 27/10 27/10 2S/10 21/18 »/10 ALLIGATOR WCTORT MA 13/10 30/10 01/11 02/11 03/11 03/11 03/11 04/11 05/11 MACK
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