The Business Times, 14 October 1994

Microfilm: NL19582
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    13 1 SINGAPORE Business Times WE KHOW ASIA MITA(P) 010/12/93 Friday October 14 1994 75*
    13 words
  • 2am LATEST
    • Article
      Lock icon American General wins injunction
      41 1 Bloomberg Business News WILMINGTON, Delaware American General Corp won a legal victory bolstering its effort to take over Unitrin Inc for US$2.6 billion (SS3.B billion), as a Delaware judge struck down Unitrin's stock buyback. Bloomberg Business News
      Bloomberg Business News  -  41 words
    • Article
      Lock icon US, North Korean N-talks near accord
      36 1 Reuter GENEVA United States and North Korean negotiators were edging yesterday towards an accord on restructuring Pyongyang's nuclear energy programme to ensure it could not produce weaponry, diplomats said. Reuter
      Reuter  -  36 words
  • Article
    MARKET SUMMARY
    164 1 Stock market indices Thursday Change ST1I 2,357.82 -10.49 KLSEComp 1,135.67 -1.33 Nikkei 20,148.83 +59.11 Hang Seng Closed SET Index 1,475.06 +4.16 Jakarta Comp 506.94 -4.48 CLSA China B Aust All Ord 1,998.9 -3.7 FTSE 100 3,141.9 +41.4 Thursday Previous 2pm EDT close Dow Jones 3,912.50 3,875.15 Average of
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  • Article, Illustration
    Plan to inject six firms into Polytek still in limbo
    437 1  -  By Joseph Rajendran SINGAPORE The plan by WBL Corp, formerly Wearne Brothers, to inject six of its profitable firms into subsidiary Polytek Wearnes is in limbo. Polytek managing director Soh Yew Hock said yesterday: "We don't know if it will
    437 words
  • Article
    Jakarta sticks to curb on foreign stakes
    280 1  -  From Leslie Lopez in JAKARTA INDONESIA, concerned over the destabilising effects of short-term capital on its stock exchange, has postponed plans to raise the ceiling on shares foreigners can own in listed companies. "We may amend it in the future but give us
    280 words
  • Article
    Lock icon US producer prices fall an unexpected 0.5%
    510 1 Bloomberg Business News AP WASHINGTON Prices paid to factories, farmers and other producers fell an unexpected 0.5 per cent in September, the biggest drop in 13 months and a signal to stock and bond markets worldwide that the Federal Reserve will not push
    Bloomberg Business News; AP  -  510 words
  • Article
    Lock icon Dow soars as inflation fears recede
    169 1 Reuter NEW YORK Blue chip stocks soared yesterday, putting the Dow within 50 points of a record high, as an unexpected drop in producer prices for September dispelled fears of inflation and another interest rate increase. The Dow gained more than 50 points in
    Reuter  -  169 words
  • Article
    Lock icon Bapindo's directors replaced as Stanchart prepares to help out
    315 1 AFP JAKARTA The government here has replaced all the directors of a state bank for the second time since it was hit by a massive scandal, with the latest change coming two days before help from a British bank arrived, an
    AFP  -  315 words
  • Article, Illustration
    Helping China's economy is in the West's interests: SM
    501 1  -  By Chuang Peck Ming SINGAPORE The West should help China build its economy not only to gain from it but, more important, to safeguard its own strategic interests. Senior Minister Lee Kuan Yew said yesterday. Speaking at the World Economic Forum,
    501 words
  • Article
    Mahathir fields market's hottest question
    172 1  -  Jy Amy Balan SINGAPORE If anyone were to know when the Malaysian general elections will be held, surely it must be Malaysian Prime Minister and I mno president Mahathir Mohamad. Right? Not so, according to Dr Mahathir himself. At a press conference called after his
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      89 1 A JI U I contents"! News Companies S pore News 2 S'pore-Wsia ..17,18,19 Regional News 3,4.6 Financial 22.23 World News 9 Features Markets Ana!/sis 15 Clob/KlSf. StS 26-28 Editorial 14 Regional 24 Sports 11 World 25 TV/Lifcstyte 13 Currencies 25 Advertising 10 Simex/Commo ...22.23 Satscriptien Tel 1800 *****77 Fai *****75
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      6 1 Advertising:Pg to Asian newspaper readership up
      6 words
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      18 1 Hock Lock Siew: Pg v Cosco Investment an attractfm buf, Message to the Fed: growth is good,-Pg 15
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      Page 1 Advertisements Column 4
      71 1 bottom Line: Pg 16 the rouble rout Hsr* SledgebS modem France Cent report (Tat *****66) Tafcashimaya Dept Store Galenes lafayene Singapore and selected retail outlets IvAhathir and Ramos back freer trade in A pec; Other forum reports, Pg 3 ■r ABHf i Ml Ermene^ikk) Zegna Boutiqur: Ngrf Ann City #01-07.
      71 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Growth will slow to 7.9%: Crosby
        314 2  -  By Ven Sreenivasan A SLOWDOWN in United States demand for electronics, the negative impact of the rising Singapore dollar and weakening construction and real estate activity will moderate economic growth to 7.9 per cent in 1995, Crosby Securities says. In its latest Quarterly Economic
        314 words
    • Article
      IT export surge lifts industry revenue to $3.7b, up 23%
      401 2  -  By Lee Wai Leong GROWTH in the information technology industry here was stronger than expected last year, jumping 23 per cent to $3.7 billion. Minister of State for Finance and Defence Rear Admiral (NS) Teo Chee Hean said yesterday. IT
      401 words
    • Article, Illustration
      Lock icon Singapore-Philippine business ties get a shot in the arm with new council
      459 2  -  By Conrad Raj ECONOMIC relations between the Philippines and Singapore have been put on a firmer footing with the set-ting-up of a business council to take advantage of business opportunities in the two countries and the Asia Pacific
      Reuter  -  459 words
    • Article
      Ministry tells TAS to investigate phone service breakdown
      223 2 THE republic's telecommunications regulator was told yesterday to investigate the breakdown of telephone services on Wednesday. The order came from the Ministry of Communications, which said it was taking a serious view of the incident and had asked the Telecommunication Authority of
      223 words
    • Article
      M Credit marketing Mera Terrace project in 2 weeks
      209 2 MALAYAN Credit is to begin marketing 124 terrace houses in two weeks at its Mera Terrace project at Upper Changi Road East. Malayan Credit director Boon Yoon Chiang said at the ground-breaking ceremony yesterday that built-up area for the three-storey terrace
      209 words
    • Article
      Comfort to market its taxi roof-top ads itself
      181 2 THE Comfort group has taken over the marketing of roof-top advertisements from an agency it appointed in 1990. Comfort Transportation Pte Ltd said yesterday that it has formed a unit called Comfort Ads to market roof-top ads for its fleet of 8,815
      181 words
    • Article
      Two more airlines bring premium fares down
      302 2 AIR India and South African Airways are the latest airlines to offer special first and business class fares for direct flights out of Singapore. On Oct 6, Singapore Airlines announced new, lowerpriced fares in first and business class for 33 destinations in Asia,
      302 words
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      348 2 f I Q I OMEGA The sign of excellence. i Horoscopes A Quick Feel Of The Day! jj J Call 24 hours a day for predictions of your jj I zodiac sign and your birthday. Cost: 30 cents a minute The Opportunities Are Yours. The Government of Singapore Investment Corporation
      348 words
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      81 2 Asia's corporate giants I What js Sjme Darby dojng k these days since Nik Mohamed Yaacob took over the helm of the Malaysian conglomerate as t Ju'y? Nik Mohamed talks about his first year as group 3|, S chief executive officer. He also 3 IHft M discusses his plans for
      81 words
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  • WORLD ECONOMIC FORUM
    • Article, Illustration
      Lock icon Mahathir, Ramos back freer trade in Apec
      624 3 MALAYSIAN Prime Minister Mahathir Mohamad and Philippines President Fidel Ramos yesterday supported the idea of trade liberalisation within Apec. But they stopped short of publicly endorsing any deadline by which Apec would be turned into a free trade zone. The two leaders met
      Reuter  -  624 words
    • Article
      Mistake to think EU nations in decline, says Barre
      277 3 A FORMER French prime minister warned yesterday that economic revival was a reality in Western Europe, and East Asian nations were mistaken in assuming European Union members were protectionist or in a state of terminal decline. Raymond Barre told the Europe-East
      277 words
    • Article
      Europe needs mental revolution: Mahathir
      316 3 MALAYSIAN Prime Minister Mahathir Mohamad, who 30 years ago called for a mental revolution among his country's Malay community if it wanted to progress, is now offering the same formula to Europe. Europe needed a mental revolution before it could take full advantage of the
      316 words
    • Article
      Future of East Asia lies in networking within region: Rafidah
      394 3 THE trend is for East Asia to become a "self-propelling, self-energising" entity which builds its economies upon resources within the region, says Malaysia's Minister of International Trade and Industry' Rafidah Aziz. "The buzzword of the future will be East Asia
      394 words
    • Article, Illustration
      Asian, Western values not at odds: Prof Koh
      391 3 VALUES such as reverence for the family and respect for education and thrift were not uniquely Asian but were shared by many societies, Singapore's Ambassador-at-Large Tommy Koh said yesterday. Speaking at the East Asia/Europe economic summit at the Shangri-La Hotel, he said
      391 words
    • Article
      East Asia urged to keep up supply of engineers
      339 3 EAST Asian countries must be careful not to let their supply of engineers shrink if they want to maintain economic development. participants in a technology cross-flow session of the summit warned. "Engineers are the key to the development of an economy,"
      339 words
    • Article
      Political democracy compatible with development: Ramos
      470 3 WHAT the Philippines has set out to do to develop economically and socially as a democracy may go against the grain of conventional wisdom in East Asia. Philippine President Fidel Ramos said yesterday that while it was true that authoritarian governments had brought unprecedented
      470 words
    • HEARD AT THE FORUM
      • Article
        Oops, the strain is showing
        58 3 FIRST, a couple of slip-ups at the august meeting: The minder of Cambodia's First Minister Prince Norodom Ranariddh went off with the latter's speech, leaving His Highness high and dry at the rostrum for a good few minutes. A co-chairman of a plenary session referred
        58 words
      • Article
        Mahathir's tongue-in-cheek
        67 3 IN A DAY heavy with platitudes and buzzwords, Malaysia's Prime Minister Mahathir Mohamad's humour and repartee kept some of us awake most of the time. Responding to World Economic Forum founder Klaus Schwab's introductory remark about him being one of the politicians who writes his own speeches after
        67 words
      • Article, Illustration
        Not all Aussies look alike
        107 3 AT THIS Europe/East Asia summit, we hear ad nauseam about how the Europeans ought to be less Eurocentric and get to know Asia better. It is clearly a tall order for the Europeans when within the region, we do not even know one another very
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      • Article
        Japan's high-tech squeeze
        92 3  -  -By Catherine Ong THE Japanese came in for some knocking when the topic of transfer of technology was discussed at various sessions. Dr Mahathir noted how "we got to squeeze it from them" while Patrick Wang, president of Microelectronics Technology, maintained that the huge trade deficit Taiwan
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    • Article
      Trade sanctions will hurt labour, environment: World Bank
      315 3  -  Reports by Vikram Khanna, Catherine Ong, S N Vasuki Yang Razali Kassim THE USE of trade sanctions by industrial countries to pressure the developing world to adopt more stringent labour and environmental standards would be counter-productive, the World Bank's vice-presi-dent for Asia,
      315 words
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  • SOUTH-EAST ASIA
    • NOTEBOOK
      • Article
        Lock icon ADB hails E Asian nations'jobs success
        90 4 AFP MANILA The Asian Development Bank (ADB) on Wednesday praised Indonesia, South Korea. Malaysia and I hailand tor their success in generating employment compared to their South Asian counterparts. The bank said the nations' success was a result of a balanced combination ot liberal
        AFP  -  90 words
      • Article, Illustration
        Lock icon Kiddy check
        71 4 Reuter MANILA US servicemen from the assault ship USS Belleau Wood inspecting the bags of Filipino schoolchildren yesterday during an open house during its port visit at Manilas pier 15. The Belleau Wood was in the Philippines for the 50th anniversary of the landing of US and allied
        Reuter  -  71 words
      • Article
        Lock icon Thailand backs Apec proposal
        86 4 Bernama BANGKOK Thailand will support a proposal to make the Asia-Pacific Economic Cooperation (Apec) forum a full free trade area by 2020 and will sign a declaration of the plan at an upcoming Apec summit in Indonesia, a government source said yesterday. The decision was made
        Bernama  -  86 words
      • Article
        Lock icon Manila tax break reforms welcomed
        75 4 Reuter MANILA Economists and businessmen yesterday welcomed a proposal for the Philippine government to limit tax breaks to export industries operating outside Metro Manila. They said this would lead to an industrial boom in the countryside and relieve the crowded capital. The Presidential Tax Force
        Reuter  -  75 words
    • Article
      Lock icon 4,000 Indon workers stage biggest strike since April
      253 4 AP JAKARTA About 4.000 workers at an Adidas shoe factory were on strike for the second day yesterday, to demand more allowances, refocusing attention on Indonesia's restrictions against labour activism. It was the biggest work stoppage in Indonesia since a union-inspired strike
      AP  -  253 words
    • Article
      Lock icon Indon private power capacity growing too fast: adviser
      415 4 AFP JAKARTA Private sector power generating capacity in Indonesia is growing too fast in an unregulated environment. The private power adviser to the Directorate General of Electricity and Energy Development. Peter Jezek. yesterday said: "I am concerned that this fashion of private
      AFP  -  415 words
    • Article
      Heseltine's M'sia visit likely to boost trade ties
      240 4 KUALA LUMPUR A month and a half after Malaysia lifted the ban on government contracts for British firms, trade ties between the two countries are expected to receive a shot in the arm with the visit of the British Trade Secretary, the
      240 words
    • Article, Illustration
      Lock icon Mekong floods hit homes
      52 4 Reuter TAM NONG, Vietnam Villagers on boats checking submerged thatched houses on Wednesday in lam Nong district in the south of the country At least 180 people have died in Dong Thap Province near the Mekong Delta where waters have risen to four metres in some
      Reuter  -  52 words
    • Article
      Lock icon KL investors to put up first M'sian hotel in Hanoi
      208 4 Bernama HANOI Much-publicised Faber Group's proposed Hanoi Sheraton may not be Malaysia's first hotel in the Vietnamese capital after all. a banking source said yesterday. This is because a group of Malaysian investors has begun renovating an existing building on
      Bernama  -  208 words
    • Article
      Lock icon KL can lead in South Asia-Asean link: Bangladesh PM
      241 4 Reuter KUALA LUMPUR Visiting Bangladesh Premier Begum Khaleda Zia yesterday said that Malaysia could take the lead in forging closer tics between the countries of South and South-east Asia. "I believe institutional linkage between Asean and SAARC is the need of
      Reuter  -  241 words
    • Article
      Lock icon M'sia may subscribe to Deutsche Aerospace's phone network
      244 4 Bernama KUALA LUMPUR Malaysia may subscribe to the Global Star satellite telephone network that is expected to start operating at the end of 1998. Energy, Telecommunications and Post Minister SSamy Vellu said yesterday that a Cabinet paper was being prepared on the
      Bernama  -  244 words
    • Article
      Lock icon Korean businessmen see fast-growing M'sia as regional gateway
      398 4 Reuter KUALA LUMPUR South Korea views Malaysia as an important trade partner and gateway to South-east Asia, say South Korean businessmen. "Given Malaysia's fastgrowing economy, there is tremendous potential, especially in the trade and construction fields," Kim Jae Hyo. trade commissioner of
      Reuter  -  398 words
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      Page 4 Advertisements Column 1
      302 4 A copy of the Prospectus has been lodged with and registered by the Registrar of Companies and Business in Singapore who takes no responsibility for its contents. SIMGAMAS SINGAMAS CONTAINER HOLDINGS LIMITED (Incorporated in Hong Kong on 7 October 1988) Invitation in respect of 50,000,000 New Shares of HK$O.lO each
      302 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      699 5 HarsL, ruthless and unforgiving. A Pre-O wne J Lexus mu si survive our engineer's best qualities. 53. Engine coolant I Engine KooJ 2 Engine operation .orTRACanJ M Automatic 55 52. Idle speed y Vt re ease /aer a p functions fluid level g attery 51. Engine (an Kg, blades c
      699 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Li Peng's Seoul visit to focus on trade, not politics: analysts
      512 6 Reuter SLOUL China's Prime Minister Li Peng is to become the most senior communist Chinese official ever to visit South Korea later this month but analysts say his trip will be more economically than politically significant. Seoul government officials
      Reuter  -  512 words
    • Article
      Lock icon Taiwan's investments on the rise
      128 6 AFP TAIPEI Taiwan approved 211 overseas investment projects by local businessmen worth USS 1.288 billion (551.906 billion) in the first nine months of 1994. marking a 25 per cent jump over a year earlier. The Investment Commission yesterday said approved investment by foreigners on the
      AFP  -  128 words
    • Article, Illustration
      Lock icon Fly me to the moon
      76 6 Reuter TAIPEI The notion may be romantic, but for this Taiwanese couple the reality must be something else. While a Russian space ship whiz/ed past them yesterday, the pair must have been thinking about more down-to-earth activities like moonlight walks and candlelit dinners. A trip
      Reuter  -  76 words
    • Article
      Lock icon Ties with US at crucial point, says China
      310 6 Reuter BEIJING China said yesterday that its relations with the US were at a crueial point, just before a visit by the US Secretary of Defence. "The Sino-US relationship is now at a critical juncture," Foreign Ministry spokesman Chen Jian told a
      Reuter  -  310 words
    • Article
      Lock icon Chinese kill and maim taxmen to resist new laws, says report
      294 6 UPI BEIJING China's new tax laws are meeting stiff resistance from the public who are murdering and attacking tax collectors to avoid paying their dues, the official media said on Wednesday. "The number of people resisting tax payment with
      UPI  -  294 words
    • CHINA WATCH
      • Article
        Lock icon Deng at Oct 1 holiday fireworks
        69 6 Bloomberg Business News BEIJING China's paramount leader Deng Xiaoping attended fireworks on China's Oct I National Day, the Newspaper and Magazine Digest yesterday reported, citing Mr Dengs younger sister, General Deng Xianqun, who passed on the news during an inspection tour of soldiers in
        Bloomberg Business News  -  69 words
      • Article
        Lock icon Taiwan wants Jiang-Li meeting
        48 6 Reuter TAIPEI Taiwan yesterday said it wanted a meeting between the island's president Lee Teng Hui and China's Jiang Zemin at next month's Asia-Pacific Economic Cooperation (Apec) forum. China made clear, however, that it was not interested in such a meeting taking place. Reuter
        Reuter  -  48 words
      • Article
        Lock icon Taiwan, Israel in aerospace venture
        59 6 Reuter TAIPEI The investment arm of Taiwan's ruling Nationalist Partv has signed an initial agreement with an Israeli firm to jointly invest some NT$4 billion (***** million) to set up an aircraft maintenance plant in Taiwan. Kuang Hwa Investment Holding Corp signed a memorandum of
        Reuter  -  59 words
      • Article
        Lock icon Shanghai's external trade up 26%
        67 6 AFP SHANGHAI Shanghai's external trade rose by 25.7 per cent in the first nine months of the year to reach US$6.5 billion (559.6 billion), a newspaper reported. The Ain Min Evening Post quoted the Shanghai Foreign Economic Relations and Trade Commission on Wednesday as saying
        AFP  -  67 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      357 6 You've got piles of multi-part forms to print out, and you need to get through them fast. The only solution, short of using a chainsaw, is the EPSON DFX-8000. A faithful workhorse, it m turns out a blinding top speed of 1066 cps in draft mode. Impressive? Definitely, but what
      357 words
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  • REST OF ASIA
    • Article
      Lock icon Huge surge in jobs may lead to interest rate rise in Australia
      411 7 AFP SYDNEY Australia announced yesterday that new jobs surged by a massive 75,700 in September and analysts forecast the surprise figure would lead to a rise in interest rates next month. The Australian Bureau of Statistics said the
      AFP  -  411 words
    • Article
      Lock icon Interest rates in Asia expected to rise Anther to offset inflation
      258 7 AFP TOKYO Asian interest rates are expected to rise further to offset inflationary pressures, exerting a more negative effect on domestic demand in the coming year, according to the Nomura Research Institute. in the latest edition of its Capital
      AFP  -  258 words
    • Article
      Apec eyes small business growth with Osaka forum
      215 7  -  Frew Anthony Rowley in TOKYO THE Asia-Pacific Economic Cooperation forum will hold its first small and mediumsized enterprises meeting next week with a view to fostering increased cooperation between small businesses in the region. The two-day forum, in Osaka, is likely to
      215 words
    • Article
      Lock icon Murayama's pro-nuclear energy stand
      89 7 AFP TOKYO Japanese Prime Minister Tomiichi Murayama has said he would tolerate additional nuclear power facilities in Japan, newspapers reported yesterday. "I think, to a certain extent, additional construction (of nuclear power plants) could not be helped," he was quoted as telling a parliamentary committee on
      AFP  -  89 words
    • Article
      Lock icon Bangladeshi wins World Food Prize
      63 7 AFP WASHINGTON A Bangladeshi economist who founded a bank that specialises in loans to landless people in rural areas has been awarded the 1994 World Food Prize. Muhammad Yunus, founder and chief executive officer of the Grameen Bank, is the ninth person to win the
      AFP  -  63 words
    • Article
      Lock icon N Korea seeking ADB membership
      57 7 AFP SEOUL North Korea informally approached the Manila-based Asian Development Bank (ADB) in March this year to enquire about whether it could become a member, ADB president Mitsuo Sato said here yesterday. He said that the contact was "very informal". Membership would require the consensus
      – AFP  -  57 words
    • Article
      Lock icon Pintail arcades Japan's top tax evaders
      74 7 AP TOKYO Owners of "pachinko" pinball parlours topped a government list of tax evaders in the year ended June 30, the tenth consecutive year they have held that rank, the National Tax Administration Agency said yesterday. Owners of the Japanesestyle pinball parlors failed to
      AP  -  74 words
    • Article
      Lock icon Indian media firms go public in battle for market share
      297 7 Reuter BOMBAY India's tightlycontrolled media firms arc heading for the bourses as the industry draws battielines for control of the country's potentially lucrative emerging television and information market. The listing soon of Dalai Street Communications, to become India's first traded
      Reuter  -  297 words
    • Article, Illustration
      Lock icon Going up in smoke
      47 7 AFP NEW DELHI Smoke billowing from New Delhi's wholesale plastic market after a major blaze gutted nearly 200 shops on Wednesday. The fire destroyed two buildings and property worth millions of dollars. Forty-five firefighters battled the blaze for more than six hours. AFP
      AFP  -  47 words
    • Article
      Lock icon S Korean electronics firms boost output abroad
      149 7 Reuter SEOUL South Korean makers of electronics, forced since the 1980s by rising local wages to shift assembly lines abroad, are gearing up overseas production to break further into export markets. Industry analysts and company officials yesterday said their moves to add partsmaking
      Reuter  -  149 words
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      195 7 f <1 •■•r y f M>;f f|;|| |'t V*| fj *i _v I Eil I I t W* #TJ. '<♦ *-> :'.t j£ I I v 'T >?•* y rif J £stl fr lx? ~K!*i u v- j > .i* t reßgraßg THE ALL NEW OPEL OMEGA. There Is no
      195 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon A prince in a great hurry
      1489 8  -  Interview with Cambodian First Prime Minister Prince Norodom Ranariddh Reports by Harish Mehta SINGAPORE Prince Norodom Ranariddh says he is losing patience with the pace oj economic development in Cambodia. The 50-year-old prime minister who is here for the World Economic Forum is reshuffling
      Photo by Arthur Lee  -  1,489 words
    • Article, Illustration
      Cambodia, S'pore boosting business links
      888 8 SINGAPORE Cambodia's government is stepping up business links with Singapore it is talking to Singapore firm CWT Distribution to set up an inland port near Phnom Penh, and is working closely with the Port Authority of Singapore and the Economic Development Board to rebuild the
      888 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      945 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT, CAP. St AND IN THE MATTER OF MACO-SULLAIR PTE LTD (la Menken' Voluntary Liquidation) At an Extraordinary General Meeting of Maco-Sullair Pie Ltd deemed to be held pursuant to Section 179(6) of the Companies Act, Cap.
      945 words
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      Page 8 Advertisements Column 2
      385 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PHONOGRAM PRIVATE LIMITED (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members ot the abovenamed Company duly convened and held at 83-87 Jalan Kampung Pandan, Taman Maiuh, ***** Kuala Lumpur,
      385 words
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  • THE WORLD
    • Article
      US says it's not out to dominate Apec and has no hidden agenda
      531 9  -  Reports by Yang Razali Kassim SINGAPORE The United States says it does not seek to dominate Apec and has "no hidden agenda" in promoting the 17-member Asia-Pacific grouping as a free-trading region. Making this point, the US
      531 words
    • Article
      Pro-Apec US does not want rift over EAEC, says O'Leary
      250 9 SINGAPORE The United States does not wish to take a confrontational stance towards the East Asia Economic Caucus, which Malaysian Prime Minister Mahathir Mohamad mooted and Asean is now promoting. But at the same time, the US does not want
      250 words
    • Article, Illustration
      Lock icon Hey, bird dog
      63 9 Reuter PHILIPSBURG, Canada Birdwatchers come in all shapes and sizes: big or small or furry. This trio of enthusiasts were looking out from a blind in the 485-ha Montgomery Wildlife Sanctuary, 100 km from Montreal, on Wednesday. With the duck hunting season in full swing, waterfowl flee
      Reuter  -  63 words
    • Article
      Lock icon US will not pursue labour complaints against Mexico
      238 9 NYT DALLAS The United States has refused to pursue complaints that Mexico has failed to enforce union organising rights at two plants owned by US corporations. The rulings, by Labour Secretary Robert Reich on Wednesday, were the first test of how far
      NYT  -  238 words
    • Article
      Lock icon Few signs of inflation buildup in UK, says Bank of England chief
      428 9 Bloomberg Business News LONDON Bank of England governor Eddie George says there are few signs of a buildup of pressures that would push the inflation rate higher. "Inflation has come down to its lowest rate for a generation
      Bloomberg Business News  -  428 words
    • Article
      Lock icon US holds Arafat responsible for kidnapped Israeli soldier
      263 9 AFP TEL AVIV US Secretary of State Warren Christopher has put the responsibility for an Israeli hostage's life firmly on the shoulders of PLO chairman Yasser Arafat. "It seems to be common ground now that (Nachshon) Waksman is probably in the Gaza
      AFP  -  263 words
    • WORLD WATCH
      • Article
        Lock icon Record US$ 2l2m US aid to S Africa
        78 9 AFP JOHANNESBURG US aid to South Africa reached a record US$2l2 million (*****.8 million) for the fiscal year ended Sep 30, the US Agency for International Development (Usaid) said on Wednesday. The figure represents a 164 per cent increase over the US$BO
        AFP  -  78 words
      • Article
        Lock icon Bundesbank to maintain key rates
        47 9 AFP FRANKFURT The Bundesbank said yesterday it would not change its two key interest rates. The discount rate would remain at 4.5 per cent and the Lombard rate at 6 per cent. The two rates have been unchanged since May 13. AFP
        AFP  -  47 words
      • Article
        Lock icon No tax cuts in next UK Budget
        68 9 AFP LONDON Britain's Chancellor of the Exchequer Kenneth Clarke said yesterday that no tax cuts would be included in the 1995-96 Budget he will present to the House of Commons next month. "Tax cuts will follow once we have (a) healthy economy." he
        AFP  -  68 words
      • Article
        Lock icon MMM chief freed from prison
        54 9 AP MOSCOW The head of the huge MMM investment scheme walked free from jail yesterday, greeted by a thousand supporters at the prison entrance. Prosecutors released Sergei Mavrodi, held since Aug 4 on charges of tax evasion and obstructing an investigation. after he promised to
        AP  -  54 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      384 9 I Seminar on VIETNAM Laws Policies Affecting Foreign Investments Organised by the Law Society of Singapore Saturday, $250 per person 12 November 1994 (Group discount at $200 Time: 9.00 am to I.oopm per person if three or more persons from the same or ITB related organisations attend) Singapore Academy of
      384 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Lock icon Asian newspaper readership on the rise
      479 10  -  Corinne Kerk reports on a recent survey finding Corinne Kerk Newspaper readership levels in Asian countries are already comparable with those in Europe, although Europeans still have a much higher magazine readership than Asians. Andrew Green, media director of Survey Research Singapore, said that
      Source: SRG; Sourer SRG  -  479 words
    • Article, Illustration
      Tennis lessons for sale: Going once, going twice...
      126 10 TENNIS lessons went up for auction last Saturday in the first major charity event held at the fitness centre of the newly-opened Four Seasons Hotel Singapore. The highlight, however, was a slick choreographed tennis show (abort) staged by a sixman team from
      126 words
    • COPY LINES
      • Article
        Lock icon Magazine ads up
        58 10 Reuter WISCONSIN RAPIDS, Wisconsin Consolidated Papers Inc said magazine advertising appears to be strong with magazine advertising-page counts holding gains in the first nine months of the year. However, the company said imports of coated papers, which were up in 1993, continue to be a "bothersome factor"
        Reuter  -  58 words
      • Article
        Lock icon Compaq-Intel clash
        49 10 Bloomberg Business News NEW YORK Compaq Computer Corp is Intel Inc's biggest customer and Intel is Compaq's largest supplier of microprocessors, Fortune reported. But Compaq has criticised Intel's Pentium chip advertising campaign, "Intel Inside", for undermining Compaq's attempt to build a unique brand identity. Bloomberg Business News
        Bloomberg Business News  -  49 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      210 10 I How do you reach 125,830 m credit card I owners in one H swipe? W all it takes is SOURCE: AP7 It's Adßall '94 and it's Christmas Adßall'94 is coming to town. On 3 v > jffjtPlT i|/ December. So keep that day free «Jy J Hr'' biggest smash
      210 words
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      Page 10 Advertisements Column 2
      362 10 RADIO CORPORATION OF SINGAPORE presents KllllllXol Surviving the 21st Century with Proven Marketing and Positioning Strategies *****.50 (SIM MIS members) /551,133.00 (Non-members)• November 7,1994 The Westtn Hotel The world's foremost marketing strategists Ries Trout will impart practical ideas and concepts to help you position your products and services above your
      362 words
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  • SPORTS
    • Article, Illustration
      Lock icon S Koreans the day's biggest medal winners
      827 11 Asian Games AP HIROSHIMA Philippine boxers went 3-for-3 in finals yesterday, winning their nation's first gold of these Asian Games, but the South Koreans were the day's biggest medal winners. The Koreans outdid even the powerful Chinese for the day, capturing 10 gold
      AP; AFP  -  827 words
    • Article
      Lock icon Also-rans resent presence of former Soviet republics
      624 11 Reuter HIROSHIMA Small nations at the Asian Games, already overwhelmed by China's onslaught, say they fear being pushed further aside by former Soviet republics. "For the last 10 years, the Asian Games may as well have been called the East Asian Games because
      Reuter  -  624 words
    • Article, Illustration
      Lock icon American victories abroad no help to match play at home
      418 11 AP VIRGINIA WATER, England The World Match Play Championship, which began yesterday at the Wentworth Club, is one of the biggest and richest golf tournaments in Europe. Past winners include Arnold Palmer, Jack Nicklaus, Tom Weiskopf and Hale Irwin. Yet
      AP  -  418 words
    • Article
      Lock icon Strikes in pro sports trigger race for unspent ad budget
      748 11 Bloomberg Business News SAN FRANCISCO It's that time of year, when true sports fans develop "remote wrist" from delving through the smorgasbord of broadcast offerings at their fingertips. There's the post-season and World Series in baseball, the opening of hockey
      Bloomberg Business News  -  748 words
    • SIDELINES
      • Article
        Lock icon 3 more Asian Games athletes vanish
        69 11 Reuter HIROSHIMA Three Bangladeshi boxers were reported missing yesterday from the Asian Games, taking the number of athletes to disappear from the event to 13. police said. The missing athletes are from Pakistan. Sri Lanka. Nepal. Iran and now Bangladesh. There are also unconfirmed
        Reuter  -  69 words
      • Article
        Lock icon Gold Rush a tough tournament
        97 11 AP RANCHO MURIETA, California With 23 of this year's top 25 money winners entered, the U*****,000 (*****.000) Senior Gold Rush appears to be one tough tournament. Dave Stockton leads the 78-player field in the Senior PGA Tour event that starts today at Rancho Murieta Country
        AP  -  97 words
      • Article
        Lock icon Result to decide seasonal honours
        67 11 AP NAPLES. Florida A lot more than first place could be at stake this week in the World Championship of Women's Golf. The 72-hole event that began yesterday at Naples National Golf Club features a 16-player field including 12 of the top 14 LPGA players.
        AP  -  67 words
      • Article
        Lock icon Jenkins beats Welsh scoring record
        91 11 AP CARDIFF. Wales Fly half Neil Jenkins kicked seven penalties and a drop goal to beat Paul Thorburn's Welsh scoring record on Wednesday as Wales downed Italy 29-19 in a World Cup qualifying game. Although both teams have already qualified, the result means Wales will
        AP  -  91 words
      • Article
        Lock icon Plans to dump controversial Tunstall
        72 11 AFP SYDNEY Moves were afoot yesterday to dump Australia's controversial Commonwealth Games boss Arthur Tunstall whose remarks in Vancouver about Aboriginal star Cathy Freeman and disabled athletes caused a national furore. Reports here said Athletics Australia president David Prince. Australian Gymnastics president Jim Barry and
        AFP  -  72 words
    • Article
      Lock icon Schumacher, Hill to fight it out at Grand Prix of Europe
      289 11 AFP JEREZ, Spain The shoot-out for the 1994 world drivers' championship starts at Sunday's Grand Prix of Europe here with German Michael Schumacher and Briton Damon Hill only one point apart with three races to go. "There's going to
      AFP  -  289 words
    • SCORE CARD
      • Article
        Untitled
        500 11 HIROSHIMA Selected results yesterday: BADMINTON Men's q-fi-nals: Joko Supnanto (Ina) b Lin Liwen (Chn) 15-2 10-15 15-2: Kim Hak Kyun (Kor) b Fumihiko Machida (Jpn) 15-2 15-1; Dong Jiong (Chn) b Ong Ewe Hock (Mai) 15-11 15-9; Herivanto Arbi (Ina) b Park Sung Woo (Kor) 15-9 15-4. Doubles: Ricky Subagdja/Rexy
        500 words
      • Article, Illustration
        Golf
        45 11 TOKYO 150 million yen (552.2 million) Asahi Beer Golf Digest Ist rd yesterday (Japanese unless stated): 66 Masayuki Kawamura. Hisavuki Sasaki. Stewart Ginn (Aust). Eiichi Itai. Ken Kusumoto 67 Katsunari Takahashi, Peter Senior (Aust). Noboru Sugai 68 Nobuo Scrizawa. Kazuhiro Takami. Samson Gimson (Sin).
        45 words
      • Article, Illustration
        Tennis
        68 11 TOKYO Seiko Super 3rd rd yesterday: 9-Richard Krajicek (Neth) b 8-Paul Haarhuis (Neth) 6-4 7-6 (7-5): Brett Steven (NZ) b Andrei Olhovskiy (Rus) 6-3 3-6 7-6 (7-4); 3-Stefan Edbcrg (Swe) b 13-Mark Woodforde (Aust) 6-4 6-4; 4-Todd Martin (US) b 14-Aaron Krickstein (US) 7-6 0-6 6-4; 1-Goran Ivanisevich (Cro)
        68 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      988 12 BOcltSAßlldß WHERE to wine, dine and entertain gjngg OF FRESPfI PASTA bAI LY. W From Pasta Fresca. The only restaurant to make Its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelatl and terrific Mramisu. All topped with Italian hospitality. Pasta Fretca Oa Solvafore Pto lid 30 800 l
      988 words
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      Page 12 Advertisements Column 2
      405 12 18/mougli, limoMgiho li/moiigli 'Enough is enough. 35 appetisers, 20 desserts plus main courses. 14 Hen our guests start on tfie appetiser spread at our monthly international lunch buffet, they never finish. In fact, they always end up conceding that they ve had more than enough. Come try it to belieiv.
      405 words
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  • Article, Illustration
    As beautiful and serene as New Zealand
    697 13  -  Ceramic art has endless possibilities, says Parvathi Narayan after seeing a trio s works Parvathi Narayan The writer is an artist who contributed this article to Business Times IN its debut show "Kiln's Art", local gallery Sculpture D'Art has brought together three talented
    697 words
  • Article
    Lock icon Tony's Madonna of his day
    263 13 CHATTERBOX AP AP AP TONY BENNETr thinks of himself as the Madonna of his time. "I started out as a singing waiter, and Bob Hope saw me and took me on the road with him," he said before a concert on Tuesday. "I had so
    AP  -  263 words
  • Article, Illustration
    Lock icon Just an adequate character actor?
    691 13  -  Oscar winner Sir John Gielgud takes Patricia Reaney behind the scenes of his theatrical life Patricia Reaney Reuter Although he is hailed as one of the greatest theatrical figures of the 20th century. John Gielgud thinks of himself merely as an "adequate character actor". "I
    Reuter  -  691 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      150 13 TSINGTAO BEER Standing tall with its Superb Flavour Tsingtao, a rich strong flavoured beer brewed with sparkling, spring water from the famous mountains of Laoshan. Its superb taste, praised and awarded the world over since 1963, quenches your thirst... revitalises your Sole Distributor: q I FASWIN TRADING PTE LTD tj"
      150 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1029 13 TV RADIO K in the America Robin «ith Maid 1987 John McTiernan movie. Marian, in Robin Hood: Prince Of Thieves, 7.45pm, Ch 5 but the script is weak. i 5 135 MTV Unplugged KD 9.30 Bright Sparks. nanne< 'r Lang (Stereo). 10.00 Only In Hollywood. 6.00 PM Sesame Street 2.20
      1,029 words
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  • Article
    Staying relevant in Apec
    627 14 *Drroßi*& LAST week's Apec trade ministers in Jakarta could have put up a better show. To begin with, a number of ministers who were supposed to be there could not turn up. US Trade Representative Mickey Kantor stayed home to keep a watch over the Gatt
    627 words
  • WHAT THE OTHERS SAY
    • Article
      Needed: vision without haze
      227 14 AS THE HAZE starts to clear up and Singaporeans begin to catch a glimpse of blue skies again after two months, it is appropriate to take stock of the environmental cooperation among Singapore, Malaysia and Indonesia. Vivid as the haze problem might still be, it is
      227 words
    • Article
      Promote defensive riding
      202 14 IT IS a sad fact that more than half the fatalities among motorcyclists in accidents last year were riders below 30 years of age. Why? This is not the first time that concern has been voiced over the fate of motorcyclists and their pillion riders. The loss
      202 words
    • Article
      Risks in the China market
      174 14 SENIOR MINISTER Lee Kuan Yew has predicted that there will not be any major political upheaval in China when paramount leader Deng Xiaoping eventually passes away. His optimism is based on very sound observations. In recent years, younger Chinese leaders have been faithfully pursuing Mr
      174 words
    • Article
      Do as I say, don't do as I do
      128 14 PEOPLE in glass houses shouldn't be throwing stones at others. Thus, local authorities, being prime contributors of pollution through their open burning activities at their dumpsites, should disqualify themselves from issuing compounds to the public for air pollution. The Department of
      128 words
    • Article
      Distressing democracy
      161 14 IT IS TOUGH being a democrat in the pro-China camp. So tough that the Democratic Alliance for the Betterment of Hongkong (DAB) is beginning to show symptoms of ideological distress. Embarrassed by the Preliminary Working Committee's (PWC) proposal to set up an interim legislature "by consultation" in 1997,
      161 words
    • Article
      Abolish regressive laws
      147 14 WHILE the national Constitution has since the first day of the republic guaranteed freedom of expression and of association, how to regulate the use of the freedom is still a problem here. Until today, police still oblige citizens to obtain a permit before holding a seminar or
      147 words
  • Article, Illustration
    Asia and the education of the European Union
    997 14  -  Shada Islam finds the Union learning to abandon what a top EU official calls Europe's 'mistaken fears and misplaced superiority' in dealing with Asia Shada Islam The writer, a Brussels-based journalist, contributed this article to BT EUROPEAN Union policymakers, hoping to expand
    997 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      242 14 WINNERS' CIRCLE City-by-city guide to Aussie homes Mother-daughter team invest in China HSBC: The making of a global bank Get your copy of this month's Singapore Business Mr/Mn/Miss/M& Occupation: i from your nearest newsstandor,ifyoupreferthe I company convenienceofdoorstepdelivery,sendinthepre-paid I Dept_J Age: Tei:(0) (H) subscription form now. I Business Tvoe O Finance
      242 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      108 14 smoot\mg pain's itvi my SPe/sT The. 0 ";7™ P A right shouuD£K .E-LBOU),) morning f\FT6JgNQON, HORSE.J___ V p^ Q u j ß s r... V I LOR IT»NG WITH 1 \J 1 v V r Pv CROSSED oJce^f Mf\U(4G€J?eR.. O>HPvT 15 J w9 "WA\S "P e A««OCIATtO Ntwsr»t*» LTO.. IW-'W*
      108 words
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  • ANALYSIS
    • Article, Illustration
      Message to the Fed: growth is good!
      1729 15  -  Leon Hadar examines the raging debate in the United States centring around the Federal Reserve's raising of interest rates to keep inflation at bay. Critics say the Fed's preoccupation with inflation hurts economic growth and threatens a US and global economic recovery Leon
      1,729 words
    • Article, Illustration
      Beware the joker from yesteryear in the Tory pack
      1110 15  -  Neville Stack describes what former prime minister Edward Heath is up to and how he just might prove a godsend for Labour Neville Stack The writer is a political commentator based in London. He writes regularly for BT. BRITAIN'S last-but-four prime
      1,110 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      49 15 Any Job. Any Career. Available Any Day. Any Time. Anywhere. f If mtiid 1 r I t<fcod to»ae>ls A V ojoS"""™ —l The Straits Times The Sunday Times Business Times The New Paper LIANHE ZAOBAO LIANHE WANBAO Shin Min Daily News Berita Harian Berita Minggu JT Singapore PrtM Hokttng•
      49 words
    • Advertisement
      Page 15 Advertisements Column 2
      73 15 BITE INTO GREAT TASTING NORWEGIAN SALMON Pr< > mot i(>nava i I a b 1 r lunch Place outlets sea naive cublesS,si# Jack§^» T U) -ISS™ iSSSTd) dinner only: Add 53.50 for a complete set meal compnses '*£%%&> fl^o, 7n< Jggdfl Soup of the Day, Main Course, Today's Dessert and
      73 words
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  • Article
    PM Goh to visit France, Switzerland
    561 16  -  Aim to expand bilateral relations, step up economic ties From Walton Morais in PARIS PRIME MINISTER Goh Chok Tong leaves Singapore this weekend on a week-long visit to France and Switzerland aimed at expanding bilateral relations and stepping up economic ties. In France, Mr
    561 words
  • Article
    Lock icon Rouble soars erasing Black Tuesday's losses
    344 16 AFP AP MOSCOW The roller-coast-er rouble soared against the US dollar yesterday, erasing the losses suffered in the spectacular Black Tuesday plunge and making its strongest one-day showing ever. Driven by massive Central Bank intervention and new trading rules, the rouble shot up to
    AFP; AP  -  344 words
  • Article
    Lock icon Gulf crisis defused but not over, says US as Iraqi pullback continues
    369 16 Reuter AFP WASHINGTON The commander of United States forces yesterday said the crisis in the Gulf had been defused, but was not over. General Binford Peay, head of the Central Command based at McDill Air Force Base in
    Reuter; AFP  -  369 words
  • Article, Illustration
    Lock icon Tall protest
    75 16 Reuter BOURNEMOUTH, England A lone demonstrator delivering his protest from the top of a tall lamp on Wednesday. An estimated 2,000 demonstrators marched in protest against the Criminal Justice Bill. The bill includes proposals to remove a defendant's right to silence among a package of measures which Home
    Reuter  -  75 words
  • Article
    Lock icon Conner Peripherals claws back with US$ 10m profit
    248 16 Bloomberg Business News SAN JOSE, California Conner Peripherals Inc reversed a third-quarter loss, but the financially battered disk drive maker still disappointed Wall Street. The company reported net income of US$lO.2 million (5515.1 million), or 20 cents a share, compared to a
    Bloomberg Business News  -  248 words
  • Article
    Lock icon Japanese novelist wins Nobel prize
    111 16 Reuter STOCKHOLM Kenzaburo Oe. the Samurai enfant terrible of the Japanese literary world, won the 1994 Nobel Literature Prize yesterday. The Swedish Academy of Letters cited the 59-year-old novelist for creating an imagined world where life and myth condense to form a disconcerting picture of
    Reuter  -  111 words
  • Article, Illustration
    The rouble's drastic plunge: who's to blame?
    851 16  -  The Bottom Line JOHN HELMER JOHN HELMER The writer is BT's Moscow correspondent WHEN Russia*s tsars successfully faced down internal trouble, they used to stride out of the Kremlin and onto the Red Square, to lobnove mesto literally, the place of execution. It
    851 words
  • Article
    Lock icon KL deployment force not tied to islands claim: Alatas
    258 16 The Straits Times JAKARTA Foreign Minister Ali Alatas says he does not see any link between Malaysia's decision to establish a rapid deployment force and its claims to the Sipadan and Ligitan islands which Indonesia also regards as its territory. The
    The Straits Times  -  258 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      222 16 P*WNVt!>I MfcN I n Tomorrow in Business Times jwBP Peat Marwick Management Consultants pte. Ltd. SEMINAR Banking and Merchant Banking Laws and Regulations in Singapore 11 November 1994 Carlton Hotel, Singapore KPMG Peat Marwick Management Consultants pte. ltd will be holding a one-day seminar on the major provisions in the
      222 words
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      Page 16 Advertisements Column 2
      5 16 See Bottom Line this page
      5 words
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      Page 16 Advertisements Column 3
      44 16 ~c\ 0 [H Hi CAMELOT HOLDINGS PTE LTD Presents Classic distinctive Crystals CAIVfELOT Palais Renaissance #B 1-01 AM lei: 738 9862 #01-35 Change Alley Tel: 535 8018 GENESIS CRYSTALS #01-01 OUD Centre Tel: 532 4510 1 Scotts Rd #03-43 Shaw Centre Tel: 735 0956
      44 words
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      Page 16 Advertisements Column 4
      96 16 [:/~~"=.{]%-+:%]()}<}=<*\\!]|~) We can incorporate an offshore company for you in ALL jurisdictions but particularly recommend: m H.K. HK$ 2700 BELIZE US$45O IRELAND £195 TURKS US$45O m GIBRALTAR £250 BAHAMAS US$6OO m ISLE OF MAN 250 ■B. V.I. US$ 650 JERSEY £450 CAYMAN US$ 1,750 After incorporation we ofter full administration,
      96 words
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  • COMPANIES & MARKETS
    • Article
      China fund Norinco draws US$400m in subscription bids
      395 17  -  By Schutz Lee SINGAPORE China-based Norinco Fund, whose shares will begin trading on the Stock Exchange of Singapore next Tuesday, has received subscription funds of US$4OO million (***** million) more than twice the targeted US$lB5 million. A substantial number of subscribers were
      395 words
    • Article, Illustration
      Liang Court to sell $220 m worth of London, Sydney properties
      213 17 SINGAPORE Liang Court Holdings will offer London and Sydney properties worth $220 million for sale this weekend. The listed developer has been building up its portfolio of Australian properties, in particular in the past 18 months, with the aim
      213 words
    • Article
      LC Dev buys Loyang land for condo project
      236 17 SINGAPORE LC Development, the listed property and leisure arm of Lum Chang Holdings, has acquired two adjacent plots of land in Jalan Loyang Besar for $15.39 million. The company said yesterday it planned to merge the two plots, with a combined area
      236 words
    • Article
      Small investors to get half of Meiban's shares
      223 17 SINGAPORE Small investors subscribing to plastic injection mould maker Meiban Plastic's initial public offer will be allotted about half of the company's shares. Punters who applied for up to nine lots of shares will receive 55.83 per cent of Meiban's Sesdaq shares,
      223 words
    • Article
      Ambitious Cosco Investment an attractive buy
      701 17  -  HOCK LOCK SIEW By Rahita Elias SINGAPORE Cosco Investment (Singapore), the listed vehicle of China Ocean Shipping (Group) Company, is one red chip in a hurry. It is burning rubber as it races towards its goal of becoming a blue chip in just five
      701 words
    • Article
      Wing Tiek to pay M$ l.2b for stake in Manila steel firm
      421 17  -  By Amy Balan SINGAPORE Wing Tick, part of Joseph Chong's Westmont group, will buy a 55 per cent stake in the Philippines' National Steel Corporation for about M 51.25 billion (SS72O million) under a two-stage privatisation plan unveiled
      421 words
    • Article
      Corrections and clarifications
      53 17 IN AN article yesterday headlined "HK firm Singamas offers 50 million shares in SES secondary listing", we stated incorrectly that applications for Singamas shares through automated teller machines would close on Saturday, Oct 15. Applications, in fact, close at 9pm on Sunday, Oct 16. We are sorry
      53 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        40 17 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday Owrnight events may alter sentiment. Brokers polled Fraser. Kay llian. Morgan Grenfell. Nomura. OngCo. Phillip. Smith New Court and H I Can.
        40 words
      • Article, Illustration
        HOT STOCK
        128 17  -  By Paul Leo PETALING Garden has been trading in a right-angle triangle formed by joining the peaks since Sep 28 at $2.% and the two equal bottoms at $2.57 on Oct 4 and Oct 10. The stock is likely to break above the sloping side of the triangle
        128 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Lock icon Globe Telecom to seek 5.7b pesos
          67 18 AFP MANILA Globe Telecom Inc. a joint venture between Singapore Telecom and the Philippines* Ayala Corp. needs 5.7 billion pesos (***** million) for its expansion programmes over the next 18 months, according to documents obtained here yesterday. Documents submitted to the Securities and Exchange
          AFP  -  67 words
        • Article
          Lock icon MMC interim profit down 51%
          75 18 AFP KUALA LUMPUR Malaysia Mining Corp Bhd, which diversified out of tin mining a year ago. reported yesterday a 51 per cent plunge in its group pre-tax profit over the previous year in the six months to July. Profit for the six months to July
          AFP  -  75 words
        • Article
          HPL acquires investment unit
          38 18 SINGAPORE Hotel Properties said yesterday it had acquired the entire equity of HPL Properties (North Asia) Pte Ltd, for $2. The latter, a newly formed investment company, has an authorised capital of $1 million.
          38 words
        • Article
          Seel wins $10m defence contracts
          28 18 SINGAPORE The Ministry of Defence has awarded Singapore Electronics and Engineering Ltd two contracts to supply flight simulators for more than $10 million.
          28 words
        • Article
          Pan Pacific buys into Panpac Media
          62 18 SINGAPORE Pan Pacific Public Co has agreed to buy 25 per cent of Panpac Media Pte Ltd, amounting to 300,000 shares of $1 each. The balance is held equally by International Press Company and two individuals, Ricky Ang Gee Hing and Paul Tan Kah
          62 words
        • Article
          QAF schedules interest payments
          97 18 SINGAPORE QAF Ltd said yesterday it would pay the interest on its 2 per cent Unsecured Loan Stock 1998 for the period Nov 15, 1993 to Nov 14, 1994 on the 15th of next month. It will make payments at 2 per cent per annum taxed
          97 words
      • Article
        Lock icon Phileo Allied plans to set up financial investment services
        181 18 Bernama KUALA LUMPUR Phileo Allied Berhad (PAB), formerly known as Linatex Process Rubber Berhad, plans to set up a broad range of specialised financial investment services, according to a circular pertaining to a restricted offer for sale. "By first establishing and
        Bernama  -  181 words
      • Article
        Untitled
        891 18 Payment Ex Books Pay date close date Acma I 10 Oct 17 Oct 21 Nov 3 AMDB 50* b 3 Sep 15 Sep 29 Oct 28 Antah Hldgs 50* b 6 Nov 23 Dcc 7 Jan 5 Avimo 20* 1 6.25TE Sep 19 Sep 23 Oct 18 Boustcad 50* F
        891 words
      • Article, Illustration
        Italian-Thai proposes US$ 3b project for Clark Air Base
        503 18  -  From Al Labita in MANILA THAI FIRMS, driven by keen competition at home, are turning to Manila for fresh investment opportunities. One, the Italian-Thai Development Public Company Ltd, has proposed a whopping US$3 billion (554.44 billion) development package for Clark Air
        503 words
      • Article
        Lock icon Philippine property boom echoes in stocks
        567 18 Reuter MANILA The Philippine real estate sector is starting to boom after a five-year slump, prompting investors to pile into property issues, analysts said. "The real estate sector as a whole is facing a boom this year and up to year 2000," said an
        Reuter  -  567 words
      • Article
        Lock icon 5-year hold-out for developer of Manila project
        493 18 Bloomberg Business News MANILA The winning bidder of a massive redevelopment project must keep for at least five years its stake in a joint venture company that will handle the redevelopment. The hold-out period will be required for the lead firm, the developer
        Bloomberg Business News  -  493 words
      • Article
        Lock icon Sabah Land Development Board to go public
        337 18 Bernama. KOTA KINABALU The Sabah state government has decided to corporatise the Sabah Land Development Board and list it on the Kuala Lumpur Stock Exchange. Assistant Minister to the Chief Minister Yahya Hussin said in a statement yesterday that a leading merchant bank,
        Bernama.  -  337 words
      • Article
        Lock icon My article was distorted by editor, says staff writer
        361 18 Vincent Tan's libel suit Bernama KUALA LUMPUR A staff writer of the Malaysian Industry told the High Court yesterday that he had not conspired to defame Berjaya Group Bhd chairman Vincent Tan when he wrote an article which appeared in the
        Bernama  -  361 words
      • Article
        Untitled
        488 18 MaMfen' prices Oct 14 Mendaki Gr Fund 1.18 121 id liiiirmiirj M»tt Trnrf US Gr Fund 098 102SSEL TJ WW Invest Mgt LM The Savings Fund 1 66 1 76 Unifund 56 L63 S pore Prog Fund 0 66 0 7(hd Unibond 04 1065 S pore See Fund 103 1
        488 words
      • Article, Illustration
        Lock icon Microsoft seen as major force in China despite hiccups
        596 19 Reuter BEIJING Microsoft's rocky foray into China has outraged state regulators and the local trade press, but industry players say the US software giant's global muscle still makes it the main force to be reckoned with. "Microsoft has been very arrogant
        Reuter  -  596 words
      • Article
        Lock icon Acer's profits jump 3 times to a record NT$ 2.lb
        174 19 AFP TAIPEI Taiwan's computer giant Acer Inc said yesterday its net profits for the first three quarters of this year surged 247 per cent to a record high of NTS2.I billion (S$ 118.7 million) compared to last year. Acer is
        AFP  -  174 words
      • Article
        Lock icon Taiwanese state oil company to go public in 1997
        178 19 AFP TAIPEI The state-run Chinese Petroleum Corp (CPC) of Taiwan plans to list its shares on the local stock market starting 1997, CPC officials said yesterday. CPC had registered assets last year of NT5313.7 billion (SSI 7.7 billion) and capital of
        AFP  -  178 words
      • Article
        Lock icon Move to regulate Shanghai bourse sends prices down 10%
        275 19 AFP SHANGHAI The People s Bank of China (PBOC) has moved to regulate Shanghai's wildly fluctuating bourse, causing share prices to plunge 10 per cent yesterday. Brokers said the stock exchange's composite index shed 75.62 points to close at 635.38 points.
        AFP  -  275 words
      • Article
        Lock icon Seoul to allow foreign firms to list on exchange
        247 19 Bloomberg Business News SEOUL Foreign companies will be allowed to list their shares on the Korea Stock Exchange starting next year. According to a blueprint prepared by the Finance Ministry yesterday, foreign companies will also be permitted to raise money in
        Bloomberg Business News  -  247 words
      • COMPANY BRIEFS
        • Article
          Lock icon Shanghai Haixing relaunching offer
          57 19 Reuter HONGKONG China shipping company Shanghai Haixing Shipping Co is relaunching its issue of H shares to foreign investors here after postponing its initial issue in July. Local newspapers yesterday reported that Haixing would offer 1.08 billion H shares at HKSI.4O-HKSI.7O a share, pitching the price
          Reuter  -  57 words
        • Article
          Lock icon Sega's stock tumbles 5.9%
          91 19 Bloomberg Business News TOKYO Sega Enterprises Ltd's stock yesterday tumbled 5.9 per cent to the lowest level in nearly four years after the company cut the price of its newest product in the hotly contested video game market. The move sparked speculation among investors that Sega,
          Bloomberg Business News  -  91 words
        • Article, Illustration
          Lock icon The Sly ones
          31 19 AFP LONDON Hollywood actor Sylvester Stallone meeting his namesake Sylvester the Cat at the opening of the Warner Brothers studio store in London's Regent Street on Tuesday. AFP
          AFP  -  31 words
        • Article
          Lock icon HK finance firm goes overseas
          68 19 Bloomberg Business News HONGKONG Finance company and brokerage Shanghai International (HK) Ltd will launch two joint venture operations overseas this month. The company yesterday said it would set up Shanghai International Securities (Europe) Ltd in London along with investment banker Roger Williams. It will set
          Bloomberg Business News  -  68 words
      • Article, Illustration
        Lock icon Murdoch children to own all family shares in media empire
        367 20 Bloomberg Business News SYDNEY News Corp chairman Rupert Murdoch has arranged for his four children to own all the extended family's shares in the global media giant, the magazine Business Review Weekly said. Mr Murdoch also said he was not
        Bloomberg Business News; Reuter  -  367 words
      • Article
        Lock icon Doctor to be charged in drug insider trading case
        286 20 AP TOKYO The government's securities trading watchdog will soon bring charges against 30 people, including a doctor, over suspected insider trading. Local news media yesterday said these were to be charged with selling off stock in a drug company which they
        AP  -  286 words
      • Article
        Lock icon IBM close to buying partner for US$ 150m
        228 20 Bloomberg Business News SUNNYVALE, California After a year of partnership with International Business Machines Corp, Kalpana Inc is concluding negotiations to be acquired by IBM for about US$l5O million (***** million), according to people familiar with the talks. The acquisition would fill
        Bloomberg Business News  -  228 words
      • Article
        Western Digital shrugs off summer blues with 63% revenue rise
        446 20  -  By Claire Leow SINGAPORE Disk drivemaker Western Digital has reported record first-quarter net revenue of U*****.6 million (*****.6 million) for the period to Oct 1 up 63 per cent from a year earlier. Earnings were U5534.7 million, against a loss
        446 words
      • Article, Illustration
        Lock icon Branson's booze
        51 20 Reuter LONDON Virgin group founder Richard Branson donning Russian costume on Wednesday to launch Virgin Vodka, developed in partnership with whisky specialists William Grant and Sons. The 37.5 per cent proof vodka will go on sale in the London area on Nov 2, with first exports to Russia.
        Reuter  -  51 words
      • Article
        Lock icon Fletcher to invest NZ$ 4lm in China steel venture
        289 20 Bloomberg Business News WELLINGTON New Zea-land-based forestry and energy group Fletcher Challenge Ltd will invest NZ$4l million (Ss37 million) in a venture to expand a Chinese iron and steel plant. Fletcher will take a 58 per cent interest in the Datong
        Bloomberg Business News  -  289 words
      • Article
        Lock icon JP Morgan's 3rd-qtr profit falls 30%
        126 20 Bloomberg Business News NEW YORK JP Morgan Co yesterday said third-quarter earnings fell 30 per cent, as tough times on Wall Street dragged down revenue from the bank's securities businesses. The nation's fifth-largest banking company said net income fell to US$327 million (Ss49o million),
        Bloomberg Business News  -  126 words
      • Article
        Lock icon Wang to cut 700 jobs after taking over Bull unit
        410 20 Reuter BALTIMORE Less than a month after announcing it was buying the customer services unit of France's Groupe Bull, Wang Laboratories lnc on Wednesday said it plans to let go 700 workers. Wang chairman and chief executive officer Joe Tucci
        Reuter  -  410 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Morgan Grenfell launches its second S'pore unit trust
        412 22  -  By Shiv Taneja SINGAPORE Morgan Grenfell Investment Management Asia yesterday launched the Asia Premier Trust, a fund that will invest in Asian equities outside of Japan, Australia and New Zealand. It is Morgan Grenfell's second local unit trust and comes less than
        412 words
      • Article
        Lock icon Bankers Trust claims client was aware of derivatives risk
        560 22 NYT NEW YORK Bankers Trust New York Corp has given its first detailed rebuttal to the US$73 million (SsloB million) lawsuit by Gibson Greetings Inc in connection with losses that the greeting card company took on transactions known as derivatives. In
        NYT  -  560 words
      • SMALL CNANGE
        • Article
          Lock icon Mutual funds made simple
          61 22 Bloomberg Business News WASHINGTON The Securities and Exchange Commission will announce today new moves to simplify mutual fund prospectuses, the documents used to describe funds' objectives and risks. At the same time, SEC chairman Arthur Levitt will announce a new public education programme designed to promote
          Bloomberg Business News  -  61 words
        • Article
          Lock icon Bangkok Bank to get new chief
          86 22 AFP BANGKOK The third generation of Thailand's banking dynasty, the Sophanich family, will take over the reins of power at Bangkok Bank Limited on Dec 1, an official said yesterday. Chartsiri Sophonpanich, 35, son of bank chairman Chatri, had initially been expected to serve
          AFP  -  86 words
        • Article
          Lock icon US firm buys rights to US$ 3b loans
          88 22 Reuter COLUMBIA Fleet Mortgage Group, one of the nation's largest mortgage lenders and servicers, said on Wednesday that it has bought rights to service US$3 billion (554.44 billion) of home loans from an unspecified company. The loans are scattered nationwide and have
          Reuter  -  88 words
        • Article
          Lock icon Prudential eyes stake in Thai insurer
          80 22 AFP LONDON Britain's leading life assurance company. Prudential Corporation, said on Wednesday it was holding discussions with major shareholders of Thai Sethakit Life Assurance to acquire up to 24.99 per cent of the company. Bangkok-listed TS Life has market capitalisation of £37 million (5586.6
          AFP  -  80 words
        • Article
          Lock icon Earthquake insurance for California
          51 22 Reuter LOS ANGELES California insurance commissioner John Garamendi proposed a state-wide plan to offer basic earthquake coverage to all California homeowners under a shared-risk mechanism. He said the proposal was in response to a "homeowners insurance availability crisis" stemming from California's devastating Northridge earthquake in January.
          Reuter  -  51 words
      • Article
        Lock icon India bankers expect cut in interest rates
        184 22 Reuter BOMBAY India's central bank is expected to relax controls on interest rates in its sixmonthly credit policy statement next Monday but it may stop short of full deregulation, bankers said on Wednesday. "The Reserve Bank of India (RBI) has two options. One
        Reuter  -  184 words
      • Article
        Lock icon Five major banks in Japan to form securities arms
        439 22 Reuter TOKYO Japan's five major commercial banks will set up wholly owned securities subsidiaries next week in a move they say is vital to their future. "We are focusing on the securities business as more and more companies are coming into
        Reuter  -  439 words
      • Article
        IFC's US$ 25m loan to All Asia to be used to finance relending operations
        256 22  -  From Al Labita in MANILA INTERNATIONAL Finance Corp has extended a US$25 million (5537.5 million) credit to All Asia Capital, its largest loan to a local investment house. All Asia Capital president Roland Young said yesterday
        256 words
      • Article
        Crude drops on excess supply worries
        286 22 Bloomberg ENERGY REPORT LONDON Crude futures extended Wednesday's plunge amid pessimism demand will outstrip supply in the fourth quarter. US heating oil again led energy prices lower following a report from the American Petroleum Institute on Tuesday night which showed a 2.2 per cent
        286 words
      • Article
        Lock icon Currency Reports: London
        177 22 Bloomberg Business News LONDON The dollar was higher on the day in Europe against most major currencies, tracking US bonds higher, as an unexpected drop in US producer prices eased investors' worries that inflation is poised to accelerate. The drop prompted investors to buy dollars to purchase
        Bloomberg Business News  -  177 words
      • Article
        Lock icon New York
        105 22 Bloomberg Business News NEW YORK The dollar fell against major currencies, giving up early gains, after a surprise drop in US producer prices failed to convince currency traders that inflation is no longer a threat. The dollar was last quoted at 1.5359 Deutsche marks, down from 1.5400 marks
        Bloomberg Business News  -  105 words
      • Article, Illustration
        Untitled
        1456 22 tradeweighted index .uk ulaled again* Spore's lop 14 trading (tannery Bate iiw 198* US$/S$ forward rates Noon Oct 13 s$ Bid Oder 1-month 1.4780 1.4795 2-month ***** 1.4775 Vmonth 1.4740 1.4755 6-month 1.4690 1.4710 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m Oct 13 Singapore dollars
        1,456 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon No clear direction seen for Euroyen
        1285 23 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Eurodollars ended easier after trading in narrow ranges. Dealers said there is still no clear direction for Euroyen but the market continues to speculate over the possibility of higher Japanese interest rates. "The market is looking to
        Reuter  -  1,285 words
      • Article
        KL tin firms as London prices rise
        640 23 COMMODITY REPORTS KL Tin TIN rose four sen to close at M$ 13.54 a kg in line with rising prices in London, dealers said. "The market gained slightly as prices rose US$45 in London," a dealer said. "But there are not many buyers
        640 words
      • KNIGHT – RIDDER COMMODITY SUMMARY
        • Article
          Inco discovers new nickel deposit
          84 23 VANCOUVER Canada's Inco Ltd, the world's largest producer of nickel, yesterday announced it had discovered a new high-grade nickel deposit at its Thompson, Manitoba, nickel camp. The deposit, known as Pipe Deep, is about 35 km south of Inco's Thompson processing facilities and has been
          84 words
        • Article
          Japan spinners to cut yarn output
          80 23 TOKYO Japan's major wool spinners will redirect efforts at reducing wool yarn production due to a projected decrease in 1995 demand, the Kihon Keizai Shimbun reported yesterday. During AprilJune this year, the spinning industry had been slowly easing production curbs carried out over a
          80 words
        • Article
          Japan firm in aluminium can venture
          85 23 TOKYO Yamamura Glass Co, Japan's largest glass bottlemaker, has set up a 6-billion-yen (5588.6 million) aluminium can joint venture in Manila, to start operation in early 1996, a company spokesman said. The plant's production capacity is set at 42CM80 million cans. Sixty per cent
          85 words
        • Article
          Lower Russian wheat imports seen
          75 23 WASHINGTON A number of factors, including high world wheat prices, prompted Usda yesterday to reduce its forecast of Russia's 1994-95 wheat imports to 4.5 million tonnes, down 1 million from the September forecast, a Usda analyst said. However, with the 1994-95 wheat marketing year only
          75 words
    • Article
      COMMODITY PRICES
      1403 23 Rubber Oct 13 Singapore Commodity Exchange Pfcy»*ca< Pric (Mm dMtag m at SJCpn) Bvym SMara As at 12 mm (S cents/kg) RSS 1 Contract (S cents/kg) —r- rr— RSS 2 Nov 94 208 00 209.00N Mnnrh H..h Low Srtt (mmiS) RSS 3 Nov 94 207 00 N Month
      1,403 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1075 24 -3.7 The Australian share market closed under the 2,000 level but well off its lows for the session. Dealers said investors continued to show caution ahead of yesterday's release of US September wholesale PPI data. The All Ordinaries Index closed 3.7 points or 0.18 per cent lower at 1,998.9,
        1,075 words
      • Article
        Manila
        645 24 +20.29 The Philippine stock market rose for the second day in a row yesterday although opinion was divided whether the increase was a sign of a sustained rally or just another sideward movement. The Composite Index rose by 20.29 or 0.68 per cent to hit 2,990.75 points yesterday after
        645 words
      • Article
        Seoul
        424 24 +6.88 Stocks ended higher for the fourth straight day on across-the-board buying, with the Composite Index hitting a new record closing high, brokers said. The index closed at 1,096.54, up 6.88 points from the previous high of 1,089.66. "Buying was almost across the board. Most investors looked very confident
        424 words
      • Article
        New Zealand
        352 24 -13.10 Shares ended lower on light volume, raising the possibility that Wednesdays 31-point rally may have been over-done. By the close, the NZSE-40 Capital Index had lost 13.10 points to 2,043.71 on turnover worth just under NZ$25 million. Brokers said that, in view of the uncertainty surrounding last
        352 words
      • Article
        Taipei
        593 24 130.61 Taiwan share prices finished 2.01 per cent higher in active trade following Wednesday's 6.06 per cent rises led by fundamentally strong electronics, but brokers expect the market to consolidate in the near term. The index ended up 130.61 points, or 2.01 per cent, at 6,626.39 in active turnover
        593 words
    • WORLD STOCK MARKETS
      • Article
        London
        631 24 +41.4 UK stocks surged to their highest levels in five weeks after a fall in the US wholesale inflation rate sparked a rally on Wall Street. The 100-share Footsie Index gained 41.4 points or 1.3 per cent on the day to end at 3,141.9 points, its sixth consecutive gain
        631 words
      • Article
        Paris
        123 24 +37.54 French shares ended sharply higher, joining other financial markets in celebration over much lower than expected US producer price figures, which soothed fears of pending interest rate rises. The CAC 40 Index gained 37.54 points or 1.96 per cent on the day to end at 1.955.68 points, its
        123 words
      • Article
        Frankfurt
        176 24 +0.24pc German DAX Index closed floor session higher as prices kicked up in tandem with bund futures prices on release of US data showing unexpected fall in September PPI. Shares were seen holding gains in post-bourse trade but volumes remained moderate. keeping DAX Index below 2,100, dealers said. The
        176 words
      • Article
        Brussels
        136 24 14.20 Belgian stocks rose for the fourth day as rising bonds, and their falling fixed returns. made stock dividends seem like good value, analysts said. The Bel 20 Index of Belgium's top shares rose 14.20 points, or 1.04 per cent, to 1.379.68. its highest close for two weeks. Belgian
        136 words
      • Article
        Milan
        164 24 1.06pc The Italian stock market touched a nine-month low briefly yesterday as the country braced for a general strike called by unions to protest against government plans to cut spending. The Milan bourse index briefly slipped below 10,000 points, the level at which it began the year, for the
        164 words
      • Article
        Amsterdam
        222 24 +5.01 Shares bounded ahead after US producer price data showed an unexpected fall for September. The AEX Index closed up 5.01 points or 1.25 per cent at 407.31, powered by all-round demand for shares, short-covering in futures and a bullish tone in index options after the data. Amsterdam Oct
        222 words
      • Article
        Stockholm
        118 24 +24.06 Swedish stocks rose for a fourth day to their highest level since Sep 15 as the weak krona promised higher earnings for exporters. A delayed rise in a capital gains tax and a report that US producer prices fell in September further bolstered gains. The OMX Index of
        118 words
      • Article
        Zurich
        261 24 +30.6 Swiss shares gained more than one per cent in afternoon trading, helped by bet-ter-than-expected US producer price index (PPI) data, dealers said. The market must now digest its gains and looks to today's US consumer price index data to confirm the positive US PPI figures, dealers said. Resistance
        261 words
      • Article
        Johannesburg
        286 24 +63 Industrial shares posted sizeable afternoon gains as a strong start on Wall Street spurred fresh buying in South African shares, but a falling gold price took golds ofT their highs. The Overall Index closed up 53 points at 5.612. the Industrial Index was 63 points higher at 6.324
        286 words
      • Article
        Toronto
        318 24 +6.60 Stocks were higher in active midday trade, but had surrendered earlier gains as profit takers assaulted gold stocks, traders said. Equities were propped up by strength in Canadian bonds after weak US inflation data and strong corporate profits. The TSE 300 Composite Index was up 6.60 points at
        318 words
      • Article
        New York
        800 24 +41.04 Blue chip stocks and bonds soared yesterday after the surprise report of falling prices reassured inflationwary traders and caused a stampede of buying on Wall Street. The Dow Jones Industrial Average was up 41.04 points, or 1 per cent, at 3,915.86, at 12:30 pm EDT (1630 GMT).
        800 words
      • Article
        Untitled
        698 24 Britannia Funds Sterling Cash Bid Offer Mim Op Deposit M.6400 38 6500 MimlnwU 0 1893 0.IW2 Mini Mat Income D.WO *0 9300 I S$ Cash Income Plus Fund 9 4400 9 9500 PS S Reserve Fund 5 3100 5 3200 Sterling h quil\ Euro Performance 0.4592 0.4VM Far East Fund
        698 words
    • Article
      HONGKONG
      2580 25 Vol Oct 12 HKS High Low fOOO) Pt ASM Pacific 3.530 unch 5.550 5 550 15.4 AWT World Eransport 1060 0040 1050 1020 730 6 6 Acme Land is ftg» unch 0.830 0.830 4 6 AkoHMp 2.123 0.07} 2.125 2.100 36 6.1 Allied Ind Intl 0.470 unch 0.480 0.455
      2,580 words
    • Article, Illustration
      Lock icon CHINA
      167 25 Reuter SHANGHAI A leading Shanghai newspaper yesterday lashed out at rumour mongers on the stock exchange, sending prices of domestically-traded shares diving amid fears of a witch hunt, brokers said. Shanghai's A share Index plunged 11.12 per cent, shedding 81 .OS points to 647.56 points. In Shenzhen, the A
      Reuter  -  167 words
    • Article, Illustration
      Lock icon TOKYO
      2500 25 Reuter TOKYO Stocks closed slightly higher as foreign buying of major steel and chemical shares pushed up overall prices, brokers said. However, electrical shares were battered by the dollar's small drop to below 100 yen, they said. "There are no new factors in the steel and chemical shares, but
      Reuter; Source: Bridge Info  -  2,500 words
    • Article, Illustration
      Lock icon BANGKOK
      1771 25 Bloomberg Business News BANGKOK Thai share prices rose for a third day as banking and finance stocks were bid up as third-quarter earnings announcements began, analysts said. The benchmark stock index closed at 1,475.06, up 4.16 points, or 0.28 per cent. Turnover was a moderate 72.6 million shares, valued
      Bloomberg Business News; Source: Bridge Info  -  1,771 words
    • Article, Illustration
      Lock icon JAKARTA
      1063 25 Bloomberg Business News JAKARTA Indonesian stocks fell amid concern interest rates will rise again, making stocks look less attractive investments, traders said. Investors who bid up prices recently on hopes the government would raise the 49 per cent limit on foreign ownerchip of stocks were discouraged after the government
      Bloomberg Business News; Source: Bridge Info  -  1,063 words
    • Article
      CLOB INTERNATIONAL
      2479 26 Natcras Kcs 23.W4.000 Ainal Sicv-I 50c I4.SOI.OOO Cronui IJ.23V.OOO Peg. NKia 11,362.000 M Mosaics 7.268,000 So Hartamas 6,657.000 MBfCapital 6312,000 Johan Hid*. 50c 4.948.000 Bcrjava Group 4.937.000 Scl Drcdg SOc 3.922.000 InJ Owgcn W|95 3.756,000 Johan Wt99 3.518.000 kL Industries 3.470.000 Amal Steel 50c 58,61 3,470 Sateras Res
      2,479 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares close lower on lack of leads
        5051 26 AFP KUALA LUMPUR Malaysian share prices closed lower yesterday after investors were sidelined by a lack of leads and the absence of clearer indications of a snap general election. The Kuala Lumpur Stock Exchange Composite Index dipped 1.33 points from the previous close
        AFP; Source: Bridge Info  -  5,051 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7098 27 UwMfrp Transaction date: Oct 13 Gr Gr M Wl I Vol Day Unl Quole Di* Di» Yld Nel Cm High Low Conapta) (*000) High Low Bu>er Seller CVr P'F. S«i»l Price INDUSTRIAL AND COMMERCIAL .440 835 nU.Acma 1080 cd-10 220.080 1070 .080 .090 17 5 4.7 16 17 J 2
        7,098 words
      • Article, Illustration
        Lock icon Market ends mixed, with focus on M'sian stocks
        1836 28  -  By Quak Hiang Whai SINGAPORE Share prices closed mixed yesterday ahead of a key inflation indicator from the US last night with activity focused on Malaysian stocks traded on Clob here. Brokers said activity was moderate, with retail investors and traders looking
        Charts by Bridge Info; Source: Bloomberg  -  1,836 words
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      388 17 NEWS VALUE lion today's news might affect your stocks WBL's plan to inject profitable firms into Polytek stiN in Hnbo (pg 1) The uncertainty warrants a suspension in the trading of Polytek shares. Mahathir points to the sky at poll question (pg l) Dr Mahathir obviously likes the suspense. Laughing
      388 words
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      85 18 it i- tr BE YOUR OWN DEVELOPER IN WESTERN AUSTRALIA SSSKSS! The first company to operate on a total integrated approach to real estate investment in Western Australia. Te 619 381 3522 Fax: (619) 381 3527 'Zm Everfcind assists in investment joint ventures Arranges housing investment loans 'X Has its
      85 words
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      405 19 "F t v, 4 fcr- C i *.V- r m "<■ firvarrk Services Ltd llorld rtrludinf 1 SA) Enfto* Morgan Itc (I SA only) Household nrt worth in IS$ In a recent independent survey* it was found that 1 leading airline entrepreneur, attributed an inspired Senior Advisor to the Bank
      405 words
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      339 20 Information Technology I I Showcase Is Now On! I I New Technologies, New Solutions, New Product I I Launches and morel I I =1 SINGAPORE I I =MFORAAATICS I I 8 13-16 October 1994 I B World Trade Centre Singapore Expo Halls 3 4 I Opening Hours 13 October 1
      339 words
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      134 21 Federal Express is the first air express company to fly its own planes out of Singapore. But that's not our only first. For over five years we've flown out of Singapore. And over-the-phone real-time tracking. And just recently today we have seven aircraft a week flying out of Changi. SH
      134 words
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      Page 22 Advertisements Column 1
      49 22 You may have been unable to get your Business Times, Straits Times, Sunday Times, UanHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words
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      152 23 -mMmmAmmmjmP—. egg** SIN-LON %BS6 $4462 SIN-HKC p*****8 SIN-FRA J6BBf $4434 SIN-BKK £J22f $1097 SIN-PAR J6620 $4434 SIN-JKT $910 SIN-NYC JB6ST $6520 SIN-TYO J34W $3604 SIN-LAX J563T $4758 SIN-BOM J2?96 $2490 #1 offshore I COMPANY SPECIALISTSI With a worldwide team of 125 multi-disciplined I professionals and a network of international I
      152 words
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      Page 23 Advertisements Column 2
      52 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Fashion Beauty "Have A Colourful Lifestyle! Call 24 hours a day for hot topics close to your heartanything from head to toe. Coal: 30 cents a minute MF&iline An SPH
      52 words
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      23 24 R QY EASTERN WATCH, LUCKY PLAZA, #01-74, #01-86/87/88 ORCHARD ROAD TEL: 734 3139 DELUXE EASTERN WATCH, CENTREPOINT, #01-18/20 ORCHARD ROAD TEL: 235 2536.
      23 words
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      204 25 The Hongkong market was closed yesterday for a holiday. Following are Wednesday's closing prices HFfctna 1975 $1031 La tour 1*47 999 0 retnas 1978 S 719 Lalour 1999 731 A Petrus 1982 $1325 Lalour 1970 430 l \ffiPl Petrus 1985 703 Latour 1989 173 i"* =1!^ Petrus 1989 848 Lalour
      204 words
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      30 27 I REVERSO AVANTGARDE SIN<:E 1951 mmmmamMmmm |Bßl wmmmmm^^ /3ggU STRAIGHT CW2I TALK If You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. BusinessEmes
      30 words
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      1295 28 $^}.?`._$=>`\}~@?/~\-^)??!*%}>} BANK OF CHINA U*****,000,000 FLOATING RATE NOTES DUE 1997 In accordance with the provisions of the Notes, notice is hereby given that for the six-month interest period from 14 October 1994 to 18 April 1995, the Note will carry an Interest Rate of 6.375% per annum. The interest payable
      1,295 words
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      Page 28 Advertisements Column 2
      436 28 TAT LEE BANK LIMITED I ANNOUNCEMENT Pursuant to Article 5(1) of the Articles of Association of the Bank, it is hereby announced that declarations received by the Bank as at 30th September 1994. regarding the beneficial ownership of the issued share capital of the Bank held by foreign persons constituted
      436 words
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  • Shipping Times
    • Article, Illustration
      Evergreen blames slight profit growth on loss of incentives
      465 29  -  By Alec Almazan SINGAPORE Taiwanese shipping major Evergreen Marine Corp lifted pre-tax profit 2.5 per cent to NTS 1.68 billion (Ss9s million) in the six months to June 30, despite an 11 per cent drop in revenue to NTS 14.12 billion.
      465 words
    • Article
      Lock icon Le Shuttle grabbing business from ferries
      461 29 UPI BRUSSELS The director of Eurotunnel Freight said on Tuesday its Le Shuttle railfreight service is carrying 350 trucks a day, less than four months into service, accounting for 12 per cent of the typical Dover-Calais ferry traffic. "We have achieved his figure in
      UPI  -  461 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1082 29 Page Col ABC Containerize 16 1 Accord Group 8 1-3 Ahlers Line 13 5 Ahrenkicl Liner 4 1/2 ANL 3 1/2 Antaco Mgmt 17 3 APL 5 4/5 Appenship 4 4/5 Arabian Express 15 5 ASCL 5 5 Assist Marine 6 1 Avant
      1,082 words
    • Article
      Lock icon London insurers blame human error for most sea losses
      197 29 Reuter LONDON London-based shipping insurers on Wednesday blamed human error for almost two-thirds of accidents at sea of the kind that cost lives or cause pollution. Karl Lumbers, a director of the P and 1 Club in Britain, which is involved
      Reuter  -  197 words
    • Article
      Lock icon HK govt to push ahead with 10th, 11th box terminals
      273 29 Knight-Ridder HONGKONG The Hongkong government will push Ahead with development of the colony's proposed tenth and eleventh container terminals, despite China's opposition to container terminal 9, Secretary for Economic Services Gordon Siu said on Wednesday. "Looking to take longer term,
      Knight-Ridder  -  273 words
    • Article
      Lock icon Norway plans tougher stability rules for ferries
      397 29 Reuter OSLO Norway is planning new safety rules to boost the stability of all car ferries using its ports in the wake of the Estonia disaster, the country's Maritime Directorate said on Wednesday. The move means that so-called roll-on roll-off (ro-ro) ferries will
      Reuter  -  397 words
    • Article
      Lock icon Bergesen's pre-tax profit plunges 46%
      186 29 Bloomberg Business News OSLO Norwegian shipping group Bergesen dy AS said on Wednesday pre-tax profit for the eight months to Aug 31 dropped 46 per cent to 92 million kroner (5520.2 million) compared with 171 million kroner in the period a year ago, due to
      Bloomberg Business News  -  186 words
    • Article
      Saigon River accident: little pollution — NOL
      254 29 Saigon River accident: little pollution NOL SINGAPORE National carrier Neptune Orient Lines said yesterday that only minimal pollution resulted from an accident involving its ship Neptune Aries in the Saigon River on Oct 4. The 29,998-tonne tanker crashed into an oil transfer pier at Ho Chi Minh City, spilling 1,000
      254 words
    • Article
      DAILY FREIGHTS
      1780 30 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1.798 on Wednesday from 1,788 on Oct 11. More and more brokers here are becoming concerned that rates arc moving up too high and too fast, but as yet there seems to be little immediate sign
      1,780 words
    • Article
      THE SHIPPING GUIDE
      14019 38 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. LEGEM) PN: ship calls at Penang after
      14,019 words
    • SHIPS IN PORT
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        AT CONVENTIONAL WHARVES
        666 46 VessH Voy Wo Berth Arrival Departure Ve«el Voy No Berth Arrival Departure luront Port Batam S«eed3 POIA 1410/1500 1410.1600 k'j Slat 10/94 lb alongside 14.10/2200 Batam Soeed3 ****** P01A 14.10/0/00 14JO/MOO Balam Mwm 10 03 94 II alongside 1410.7300 Batam SpeeiM ****** TOIA 1310/1900 1310/2000 MUM ll»«
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        CONTAINER SCHEDULES
        1545 46 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Batance Rstts Ship Voy No Etb/Btr Period From To From Z7ZZ Si isToroo w u/isoo 13/i«m u/i9oo IB 13/1500 13/1(69 13/1900 2A 13/1700 14/0659 14/0900 3 14/0700 14/1159 14/1400 4 14/1200
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      Lock icon Positive role of limited liability
      1045 47  -  UK marine lawyer David Steel examines the legal background for limitation of liability at a recent lecture at Cambridge of whicn selected excerpts appear below David Steel Seatrade Week Newsfront IT IS not uncommon for a policy-maker to be vehemently against the idea of limited
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    • AIR AND LAND TRANSPORT NEWS
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        Lock icon lata forecasts passenger traffic growth rate of 6.6% till '98
        375 48 Reuter GENEVA The International Air Transport Association (lata) predicted on Wednesday that international scheduled passenger traffic would increase by an average of 6.6 per cent a year from 1994-98. In its latest forecast, lata said scheduled and charter freight traffic
        Reuter  -  375 words
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        Lock icon UPS launches first regular service to S'pore
        153 48 SINGAPORE US-based air-express firm United Parcel Service yesterday started its first regular service to Singapore. Its DC-8 now flies here six times a week from Monday to Saturday. Cargo handler Changi Inter- national Airport Services has set aside more than 2,200 sq m
        Photo by Chris Loh  -  153 words
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        Lock icon German car firms make it harder for thieves to steal cars
        262 48 Bloomberg Business News BONN Germany's car makers have agreed to a new measure to thwart car thieves. Under pressure from insurers hit by rising payouts for car crime, they will equip all new cars with an electronic system that
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        Lock icon TWA assures staff of their ownership
        278 48 Reuter NEW YORK Trans World Airlines Inc (TWA) assured employees on Wednesday that their ownership of the troubled airline is crucial to the carrier's future even though a proposed restructuring plan may dilute their stake. The company also said it will hold a special
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        Lock icon Mercedes, Porsche plan compacts for China market
        199 48 AP STUTTGART, Germany Germany's luxury car makers Mercedes-Benz and Porsche are planning family size compacts specifically designed for the huge Chinese markets, the two companies said on Wednesday. Both companies, based in Stuttgart, are attending a "Family Automobile Congress" in Beijing on Nov
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          Lock icon 2 Japanese B-767s to become Awacs
          83 48 Reuter WASHINGTON Two Japanese Boeing 767 jumbo jets will be turned into Airborne Warning and Control System (Awacs) air command planes for Japan, the Air Force announced on Wednesday. It said it. awarded Boeing Defence and Space Group's Electronic System Centres a US$32B million
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          Lock icon America West Airlines offers discounts
          79 48 Bloomberg Business News PHOENIX America West Airlines Inc will offer fall and winter fare sales that can save leisure travellers up to 50 per cent in selected markets. The Phoenix-based carrier said the non-re-fundable tickets must be purchased by Oct 21, and require a Friday
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          Lock icon Midway to have ladies-only restrooms
          90 48 Bloomberg Business News CHICAGO Midway Airlines will re-design restrooms on its five aircraft to make one available for women passengers only. "We have chosen to designate one of two restrooms for women in response to queries from travellers," said Joanne Smith, the discount carrier's senior
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1388 48 Og FUM ETA F%* ETD_ ON WrtW GA976 2355 hMaUt QF81 1930 SQ227 2230 Amsterdam KL837 1550 KL838 0001 SQ323 1730 KL844 0135 SQ26 2355 «iK*OfH> SQ7995 1705 Auckland N273 1550 SQ285 2045 SQ288 2040 SQ7296 2100 NZ74 2340 B S«ri Bcgawan BI421 1105 SQ182 0915
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        Lock icon Car sales in Europe up 5% in first nine months of year
        436 48 AP PARIS Showing a better recovery than pessimistic predictions at the beginning of the year, the European car market grew 5 per cent in the first three quarters of the year, according to industry figures released on Wednesday.
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      38 29 THE SPECIA LIST IN WIRE ROPE -fs&T S LINGS tg LASHING A MTESTING yk I MATERIALS LIFTING Wv GEARS ygj&mjSfSr KINTERMARINE SUPPLY CO. (PTC) LTD N0.7. Bukit Batok Street 22, Singapore 2365. Tel: 563 3488 Fax: 563 6811
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      27 29 Line* and services represented by Members of the Registry of Accredited j-nQ®*) Shipping Agents, Singapore National ViStogtfffJ Shipping Association. For advertising enquiries, contact Stopping Times Tel 740-2089/740-2090
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      46 29 THE FAMOUS <>O n *0 fcIMMUk/ mm unite EE0M3224 1833 For more information please refer to Pg. 13 The case for limited liability, Page 19 lata forecasts steady traffic growth, Back Page EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday.
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      1986 30 impawn import.... import. i NORTH AMERICA I I OTHER DESTINATIONS 1 n "1 I TO nrrcoast aouro ummct •frmc* matronOurowm QWW» ibmct raon witrcoaotv wssa w STOK LA OAK I *CR I SEA DAL HOUSTONI OK [NT I MXICO CITY VESSEL STOKE BUENOS MES MOWTEYBEO BO DE lAKWO SANTOS Ntt*A
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      1502 31 m OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES pft>L!ng 03-*****42 CFS: 03-*****42 200 CANTONMENT ROAD. #12-05 SOUTH POINT. SINGAPORE 0206 PInANG TEL *****4 FAX *****1 CR NUMBER: **********0 C orx g*?™ £*703/4 FAX *****6 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) GUDANG TEL' *****12 FAX: *****14 (OPNS) CUSTOMER SERVICE TEL: /32 6
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      1681 31 ■UEHSsama MAERSK IS PEOPLE I Vessel Voy ETA ETO DESTINATIONS I Next week METTE MAERSK V 9408 18/10 0600 MRS BHHI HHHIH I Cfs 17/ K) 2359 HBS OAK 108 SFO MEM ATL MIA CHS BAL PHI NYC TOR I METTE MAERSK 9406 *8/10 19/10 05/11 07/11 06/11 05/11 11/11
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      1520 32 MM I -T AQABA R OAM/ [1 ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEOOAH (VIA JED) STON h BURG A WERP HAVRE WEST MALAYSIA ELBE ***** 17/10 2/11 5/11 7/11 9/11 Port Kelang. Penang THAMES ***** 19/10 5/11 8/11 6/11 Paslr Gudang HANNOVER EXPRESS 22/341 22/10 31/10 6/11 9/11
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      566 32 |SM|P|H||lP|R| IS'pore P. Kdang Loading for FORUM WIND 11/10 Rdm/Atw,'UK/Nantes I KAPITAN SOROKA 22/10 27/10 Rdm/Atw/UK/Nantes 'Loads E./W. Malaysia. Indonesia I I Loading for SINGA SUN Jeddah/Dubai/Bahram/Damman fl PAN CRYSTAL Dubai/Bahrain/Damman,'Kuwait I 'Loads Singapore. E./W. Malaysia. Indonesia I I Loading for STAR MAN Los Angeles/New Orleans/ I Charieston/Norfotk/Camden H PAN
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      1271 32 NORASIA i ARABIAN SEA 440W 15/10 05/11 10/11 11/11 OS/11 09/11 10/11 11/11 11/11 12Af SEA MACIOONM 441W 19/10 12/11 17/U U/U 15/11 16/11 16/11 17/11 17/11 l>/lr I NORASIA Al MUNTAZAH 9442 3 26/10 11/11 23/11 24/11 22/11 23/11 24/11 25/11 25/U 26/1* I SI VALUE 443W 02/11 22/U
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      1836 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 I new quiNiA pacific line ACCEPTS I CARGO 001 SAILS C J NUGA 111-30 VOSE Mu» 1. lab, KK 14 Ocl 15 Oct FCL. LCL CONTAINER ANO MEAKBULK SERVICE TO PAPUA NEV.'
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      3241 33 Singapore Agent: IJA7i 1 I Allt 01HP1PC P&O Containers (Singapore Agencies) Pte Ltd X WLV/ VjUIiILCIIIIVJL 10 Hoc Chung Road, #07-01 Keppel Towcn, Sin«apore 0208 pEBK First Class Connections WORLDWIDE PN CSP P 225 27 22 7517 EXPORT IMPORT VESSEL VO* *PNO -MO SM SOU ANT ROT HAM GOT BRE
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      597 34 EKA JAYA AGENCIES \]||r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE IHO CM MINH CITY PAQEB HAHPPHOHt/PfflgCT HENRY HOE 3H0t24 727Ka, M 1W HELVIN CHAN 21WM S3S37M/*****M MANOJ 2HOMB J232Z22 I WILLIAM W« 21WW ITWMM/MMM2 TO VIETNAM/HCMC CONTAIN6R-FEEDER H— W SERVICE CENTER-POINT IfIHS LINES V—i HOT tl»
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      1090 34 HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: FOR VSI SIN LINE HAUL SEA YVR fDK H* «L »U* 17/11 It! 11 MMI HANJIN HONGKONG 046 C 21 10 DKECI 10/U 11/11 12/11 HANMN KUNSAN 105E 15 OH. 'J j® HANJIN SEATTLE 035 C
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      114 34 SIM SWEE JOO SHIPPING SDN. BHD. REGULAR SERVICE TO BINTULU/MRI VESSEL /OY PKL PGD* KUC SIBU BTU MIRI' SWEE LOHG BATVJ __/2_ '3 '0 ]e > 10 '9 '0 RIBUAN JAY* 292 18/ 10 '6 10 23/ '0 2i '0 JUTA JAYA _2VJ£_ 23/ '0| 30' '0| 3' 01 ACCEPTING
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      1446 34 Ik w i« wc uc m 111 oak« w ito ui as ui int lwi um mm nr mk no cm> ru scr I a£«MT K 041 17/10 11/1# 21/10 26/10 21/10 11/10 1/11 2/11 3/11 4/11 S/U 14,11 29/U 1/12 2/12 12/12 11/12 14/12 15/12 14/12 26/12 VI VI
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      2270 35 y>d I SCX: 'KASUGA I 38E' ETA SGP 19/10/94 II I ARRIVING LOS ANGELES 05/11/94 IN 16 DAYS HI JwC/aar I AEX:'SINGAPORE EXPRESS 01E'ETA SGP 19/10/94 II I ARRIVING NEW YORK 12/11/94 IN 23 DAYS (SCXJ TO: USWC m Qt/lf M'PWKT l/S£C CANADA VESSEL VOY lAP LOS OAK VAN SET
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      1112 35 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 Ot'TWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****88
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      1302 36 44 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CA NO **********0M/GST R£G NO: M 2 *****99-6) K TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 W W MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHO m W\m TEL: SA *****00 PK *****75 PEN *****20 JB *****01 PGU *****25/6 JBL A A INDONESIA:
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      1195 36 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE 3 PORT KLANG/BELAWAN PENANG/PASIR GUDANG VESSEL l WOT I SIN PKI BLW VESSEL WOT SX PEW PGU VICOOR SUGAPORE 940/3 13 10 <THU) 14 10 (FBI) MCC CONVEYOR 4P41 14 10 (fW> 1610 (SUW) BAUHINIA
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      980 37 PACIFIC INTERNATIONAL LINES (PTE) LTD f run?uS> 140 Cecil Street, #03-00 PIL Building. Singapore 0106. J I SSSSSSSS mm CR NO: **********0E I VEBseL JJO* J* T 2!? in K. BUANA (BMT/LCH) BNAO4I 16/10 19/10 23/10 KOTA INOAH 2?®?J JKJ? 2^2 KOTA 3ABAS *****9 16/10 16/10 23/10 KOTA INTAN INTOIS
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      975 37 VtSMLS *0Y sm U HAVEt HAMBURG THMttS ROTHRDAM AHTWCRf vnu Of im Ytftw u/io 09/11 10/n 12/11 n/11 ivn VILLI DC VIGA GOSW 20/10 17/H It/11 20/11 11/11 23/11 mE K vila miT oi/ii 23/n m/u 20/11 2m» VILLI Ot TIT ANA IHN 30/11 01/12 03/12 04/12 0* 1 I
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      607 37 bsa n. MYANMA H&l FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P Kit Pen PGdf ITTWE VMM Saittd VA VI3OW SaiM In Port Sated AGAN V2I4W 1«/21 Oct MALAYSIA AGENTS BOUSIfAO SMPPWC AGENCKS KUI 111 03 *****00 Pitt Ift 03-*****07 PEN TEL 04-*****5 PCD TEL 07-*****1/4
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      2082 40 10 i-1 ■B9 VA RIHSTOWE. ROTTOIOAM > mm mum 4******/044 C? e 4205*02 C»»t*M>r: *****1S fSEK WW'S ntin :SS. 'ETfß'cT"" iwua jaaßR iwar 8 I DBS OM> r«MT 2 l/Cff W«. CCSU H °"Z 2£!£&r« /mi son UNO *****15 raw. J26 1 abb I Sincjoor* 0106 GST MO* M 2
      2,082 words
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      1083 40 FOR BOOKING 1800-*****00 (TOLL-FREE) wT IW St. hkg km *oe —os*— mo L _bus_ WAN HM 706. N039 16 10 IMC 1/I//10 77 10 73 10 7510 76/10 01/ll[ 0? 11| 03/11 WAN HM 716,N008 1900 ToTT 2122 10 7610 21 10 29 10 31/10 ?S 4 02 03/11 V
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      469 41 /jjf FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 18/10 ROTTERDAM 18/10 AARHUS/COPENHAGEN 18/10 HAMBURG/BREMEN 18/10 MARSEILLE/FRANCE 20/10 FELIXSTOWE/UK ***** BARCELONA/SPAIN 15/10 LEHAVRE/FRANCE 18/10 GENOA/ITALY 15/10 ANTWERP/BELGIUM 18/10 LOS ANGELES/WC/IPI 21/10 SYDNEY/MELBOURNE 19/10 NEW YORK/EC 21/10 FREMANTLE/ADELAIDE 15/10 VANCOUVER 17/10 BRISBANE
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      927 41 Hi km F vjs yessel *°I 55! =51 fs .vessel vov sin pen BHATRA BHUM SIS Sat IS/10 Thu 20/10 DEJA BHUM 4665 Fri lInPI Sat 15/10~ VESSEL VOY BIH I MK VIRA BHUM 104S Sun 16/10 _Fri_ jl/10. B TERATAI TEROII Sun 16/10 Tua 16/10 HI j NANTA BHUM
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      231 41 Guarant—d Smiling* to:|BAHGKOK/LAEM CHABANC LAOS 22/10 (S*T), IS/10 (TUE) POUT KELAN6/PENANG 20/10 (THU), 21/10 (FW) HONG KONG 11/10 (TUE). 21/10 (FW) JAKARTA 22/10 (SAT) nwou ctaj suac bay 17/10 (mow) HO CHI MWH 21/10 (FW) SURABAYA 18/10 (SUN) BUSAN 18/10 (SDH) DONGNAMA LINE CONTAINKWmO SERVICE «TWATT»/BLW/INC/BtN *SSU (IBS) MP r*C
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      627 41 »^^^^7lc»!FlE^^rrßlll^AGtllciE^(S^^ELTD TEL: *****33 (12 Lines) M FAX: *****15/*****03 W TELEX: RS ***** RISHIP (3 Lines) B=; CR NO.: **********0E l®l ETHIOPIAN SHIPPING LINES (National lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Viiml Voy ETA Loading For Spore Abbay Woni 41WB IS/11 Mombasa. Djibouti Assab. Massawa Abbay Wonz 42W8 IS/12 Mombasa.
      627 words
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      1644 42 AjfcflMN CONTAINER LINES, INC MAC-NEL3 BPORE: *****22 (24 LINES) VJV V 2-J c/r mo **********0 C SIBU (084) *****9 KUCHINQ (082) *****3 PENANQ: (04) *****8 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKI SIN 5 SAILINGS/WEEK PEN PK
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      198 42 I SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD (I* u* SWM POUT HUANG PtNANC nut l*« In f«t lojAnj fcw Mjte KJVM HUDHU ?6 10 LojAns lot Ohbd< DCKPHM 23/10 Lojdiftii foi Mate PtONUR MJFWMI 18/10 111 Poit loadwij Fm Matf UMMtOH ?8 10 loadiPii fo» Maio PDOCWSS
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      842 42 P THONG SOON LINES PTE LTD f >V*X\ 78 SHENTON WAY #10-01, SINGAPORE 0207 .1. V Hy TEL: 227-5088 FAX: 227-6011 I nST TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I o SINGA EXPRESS SINGAPORE TO SARAWAK SINGAPORE TO THAILAND VESSEL WOT SPORE PEST VESSEL VOY SPORE BANCAOK
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      657 43 ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTING BREAKBUU/SOC CARGOES 10/ FROM KOBE, YOKOHAMA, NAGOY*. ■OA. TOKYO*. MUM.A*. OAVAO*. Penanj* r Sinjapore E'Msia* MRABCVOIETT VI9E 23/24 Oct lAMAL EVERETT V23E 17/18 No* JHAPLAEVERETT V23E 23/24 No* ACCEPTING BRtAKBU.K FCI. SOC CARGOES TO/FROM CHITTAGONG. CALCUTTA HO MONGI A* Skiiapexe P. Kelanj* Penanf"
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      219 43 Pi BLOBY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN SINGAPORE TO KOMPONG SOM •AT ATTRACTIVE RATES* CR NO: **********0W KAO SIN PKG PNG GLORY SELATAN X 14/10 21/10 23/10 25/10 GLORY SELATAN VI 6/10 13/10 14/10 SP KOMPONG SOM GLORY SELATAN V 28/10 31/10 SINGAPORE ASEAN TO TAIWAN
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      584 43 jdk PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK CONTAINER SERVICE *2* 51?? Karachi SARGOOHA 147-HW 17/10 ?7/1 MAKRAN 15IHW 23/10 |£U BQiAN 142 HW 7/11 1?/" ISLAMABAD 126-HW 19/11 29/11 FAR EAST CONTAINER SERVICE ONLY VtSStl VOY SIN HKG BSN OSA NAG YOK HTOERABAO 134 ON 23/10 27/10 31/10 2/11 4/11
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      745 43 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO SOUTH AFRICA VESSEL VOYAGE SIN OOR JNB- HRE" PIZ CRY- BEW VI HE/102 23/10 05/11 08/11 16/11 06/11 09/11 13/11 15/11 HUATAIHE/82 02/11 15/11 16/11 27/11 16/11 19/11 26/11 28/11 SHUN HE/107 12/11 25/11 29/11 09/12 26/11 29/11 06/12 08/12 TAO HE/89 20/11 03/12
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      348 43 SIN FAR EAST 18/10 KEELUNG/KAOHSIUNG 16/10 BANGKOK 16/10 MANILA/CEBU 16/10 JAKARTA/BELAWAN/SURABAYA 17/10 PORT KELANG/PENANG/E MALAYSIA 16/10 BUSAN 16/10 TOKYO/YOKO/KOBE/NGO/OSA 15/10 HONG KONG SIN CHINA (*S&±*£n) 15/10 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LGL cargo SIN EUROPE/UK 17/10 LDN/FLX/LVP/SOU 17/10 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech. SIN USA/CANADA 16/10 LOS
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      1111 44 mi»mi<»<Hft<tnwmiiiMimm)umnnnuuiinnunniJMimjmiijmnmmnmnjuunji: :ciocccicir o«ci rrinrr rrr r nnnrririr-fr —t r t f t*^i r tTi" flfi FIXED Ik WEEKLY SAILINGS RRiCRANP Tel: 261-3595 ijlfcx ;261-09?» i s II MELBOURNE m GP SHIPPING PTE LTD ill 1 Call: Kenny/Mas/Peter WWWIIIVW PfypffpygP9o^ffvwyv-.-iryvwrv>->-w%-v^-^-'- •>">"" W^WW'UlHHimu 10 It 0( OHID Oil>C BOf C QICOC 0
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      464 44 Conform CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 16 OCTOBER (Accepting to all N*w Zealand porta) PENANG 20 OCT JAKARTA 16 OCT PORT KLAN6 20 OCT RANGKOK 16 OCT MELROURNE 20 OCT SYDNEY 20 OCT RRISRANE 19 OCT FREMANTLE 20 OCT ADELAIDE 21 OCT 22 OCT I 'ACCEPTING TO ALL SCANDINAVIA
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      934 44 CONSOLIDATION TO BUSAN Singapore I FIRST HOKWARDKR IN OFFERING TWICE WEEKLY LCL SERVICE TO BUSAN Call SANISA at DID: 770 5014 j for bookings NOW!!! Tel: Fax: WTERNATBIML SEA FREIGHT Singapore 778 6522 *****38/*****36 FORWARDING mm 42 Also has offices in:- 4f*\ LOGBTICS VUBSU MALAYSIA THAILAND PHILIPPINES 3 Jljafe' HONG
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      1501 45 ISEAMAORGENTINMIN^^^I CONTAINERISED "HUB" SERVICE lp A DIRECT TO ARGENTINA/BRAZIL URUGUAY I -9 VOY «M P. AW HA* USHUAIA I 111 FRANCISCA SCHULTE 005 C 05/11 11/12 13/12 15/12 I 16/12 I 21/12 I 15/01 ALEXANDER SCHULTE 005E 22/11 28/12 30/12 05/01 I 06/01 I 11/01 I 05/02 BIftGJT NABER 003E
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      396 45 CEYLON SHIPPING CORPN National Line of Sri Lanka DIRLCT CONTAIN! RISLD StRVICfc TO L K AND NOR IH CON TINENTAL WRTS wm |wr|Mi[aolu»|HMijim|n|«wr g> ma DOHA 441W H/l« M/IO IVII It/11 17/11 nn Hi iru ww n/iB *i/t» n/ii 11/11 n/n u,n nil womsi* mamma m*i i »/io 3t/io HU
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      Page 45 Advertisements Column 3
      547 45 LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.52 I VESSEL PAVLOGRAD ETRODVORET DEKABRIST PRtOZERSK N.KRUPSKAYA PRIMORSK PORTS EBI6 EBI7 EBIB EBI9 EB2O EB2I BUENOS AIRES' Sailed Sailed 15 20/09 05 17/09 12 15/10 18-21/10 MONTEVIDEO Sailed Sailed 21 22/09 16-17/10 RIO GRAN DO SO Sailed 19 20/10 DURBAN 21/OSB 05 07/10 30/096
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      Page 46 Advertisements Column 1
      685 46 SAMIIDER* INDONESIA ISI PTE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE 0106 Tel: *****81-3 FAX: *****36 (3 HUNTING LINES) TLX: R*****0 BOOKINGS CALL DIRECT LINE: *****41/*****43 JESSICA/CELIA 7 SLGS/WEEK gjl!|i2j]jZjjm 3 SLGS/WEEK VESSEL VOY SIN |JAK VESSEL VOY SIN SUR PELOPOR 1154 15/10 (SAT) 17/10 (MON) REESTBORG 901 15/10
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      Page 46 Advertisements Column 2
      299 46 AFGHANISTAN MAM Afghanistan Ltd., Hairatar, Torghundi, Islamqala (Doqharun) C.1.5./RUSSIA: Votlochny, Vladivostok. Moscow, Baku, Tithktnl, Irkutsk, Alma Ata. Aahgabad, Dushanbe, Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Cgm Korrigan V.2364 19/10 16/11 Cgm Normandie V.2374 25/10
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      Page 46 Advertisements Column 3
      348 46 gS(A WHOLLY-OWNED SUBSIDIARY OF NOl) *8* MAIN LINE: 222 0255 AIRFREIGHT: 545 4255 WEEKLY LCL CONSOLIDATION I INDIAN SUB CONTINENT ETD ETD USA/EUROPE/AUST/NZ ETD ETD COLOMBO 17/10 24/10 USA (AU INLAND POINT) 16/10 23/10 CHITTAGONG 17/10 24/10 EUROPE (ALL BASE PORTS) 17/10 24/10 CALCUTTA 19/10 26/10 NEW ZEALAND (AU PORTS)
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      Page 47 Advertisements Column 1
      602 47 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 jTSr |~PKE* pa* VESSELS VOY SM RTM ANT* LEW HAM BREJ FETI "12/10 u/Io is/io" h. challenger 312*" 17/10 m/u 06/11 05/11 06/11 06/11 08/11 19/10 21/10 22/10 H. PIONEER 311W 24/10 11/11 13/11 12/11 13/11 13/11 15/11 k
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      Page 47 Advertisements Column 2
      338 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY IFTS INBOUND KESStLS KSSI DOT SP P* lOC a MM MT COSMC L£M» 47 15/10 10/10 KEISHUN 13 SIB 11/11 U/ll COSMC CHALLENGER 35 17/10 U/ll ocean an o n/io 20/10 m/io AJLEMA 25 25/11 27/1# KOUSHUN 44 27/1# M/II (W) OUTBOUND
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      Page 47 Advertisements Column 3
      603 47 JEDDAH/UK/CONTNENT STORE In S'TON HVMG RTMM LEM •Mm AmpM« C*p Eor ELBE 24/340 17/10 24/10 2/U 5/11 7/11 0/11 SwManpta to al IN dntiutai. Bcftnt art Dubta TMMES 25/141 10/10 5/11 1/11 10/11 RMtwtai :M M Antatrp Aml«4mi. o*. HMu HAMDKR ((PRESS 22/341 22/10 1/11 10/11 U/U 15/11 17/11 S«Muw»>«
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  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      305 47 TODAY'S TIDES (height 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 2300 1.0 0.8 OS 1.0 1.2 1.5 1.8 2.0 2.1 2.0 1.9 1.7 1.5 1.4. 1.4 1.5 1.7 20 2.2 2.4
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      Page 48 Advertisements Column 1
      5 48 VE^MENT^I Tomorrow in Business Times
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      Page 48 Advertisements Column 2
      173 48 ':\<//:})'>(|}>;[>`/?\-}%/@^.?? ±IMC J We are an established shipping group with worldwide W Interests. In view of our continuing business expansion, J we have a vacancy for: Requirements: Sea-going experience, preferably as Master Shore-based operations experience in an owner's or jjg| m timecharterer's office Worldwide trading experience particularly ASEAN, China and
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