The Business Times, 25 October 1994

Microfilm: NL19583
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    12 1 SINGAPORE BusinessTimes WE KNOW ASIA MITA(P) 010/12/93 Tuesday October 25 1994 75*
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  • Article
    Lock icon Dow down 9 points
    58 1 Reuter NEW YORK US stocks were lower at midday yesterday amid a falling bond market and continued worries about a weak dollar. At Ipm EDT, declines led advances 3-2 on New York Stock Exchange volume of 156.3 million shares. At 2pm EDT, the Dow Jones Industrial
    Reuter  -  58 words
  • Article
    Lock icon US economists see strong durable goods orders
    37 1 Reuter NEW YORK US economists said yesterday they expect manufacturing strength measured by September orders for durable goods to remain strong, defying Federal Reserve efforts to decelerate economic growth. Reuter
    Reuter  -  37 words
  • Article
    Untitled
    159 1 Stock market indices Monday Change STII 2,376.86 -0.59 KLSEComp 1,109.07 -5.35 Nikkei 19,852.37 -46.71 Hang Seng 9,364.29 +25.70 SET Index closed Jakarta Comp 512.48 -2.49 CLSA China B ....1,154.25 -0.22 Aust All Ord 2,037.4 +2.8 FTSE 100 3,029.1 -3.7 Monday Previous 2pm EDT close Dow Jones 3,882.21 3,891.30 Averaco of
    159 words
  • Article
    Morgan Stanley, GIC in first China investment bank venture
    660 1  -  From Catherine Ong in BEIJING A CONSORTIUM led by US investment bank Morgan Stanley, and including the Government of Singapore Investment Corporation (GIC), has been given approval to set up China's first investment bank. The bank, China International Capital Corporation (CICC),
    660 words
  • Article, Illustration
    Lock icon Condo rents slipped 3-5% in 2nd qtr
    464 1  -  New IRAS figures at odds with picture painted by property agents By Lilian Ang SINGAPORE Rents of private condominiums and apartments dipped 3 to 5 per cent in the second quarter of this year. But landed properties held their own rents in prime
    Source: Iras  -  464 words
  • Article
    Depreciation allowed for COEs; tax on car benefits up
    445 1  -  By Ramesh Divyanathan SINGAPORE The government has changed the tax treatment of company car and commercial vehicle benefits to allow Certificates of Entitlement to be included in the cost of a vehicle for depreciation. But employees provided with a vehicle, usually
    445 words
  • Article
    No major impact on rates in private sector, say analysts
    502 1  -  White Paper on pay of ministers, civil servants By Chuang Peck Ming SINGAPORE Salaries in the private sector will not be affected much by the move to peg the salary benchmarks of ministers and senior civil servants to top earners
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  • Article
    Firm SIA interim results lift sluggish stock market
    291 1 SINGAPORE National carrier Singapore Airlines led the gainers in an otherwise unexciting local stock market yesterday, thanks to its better-than-expected interim results released over the weekend. SIA Foreign leapt 60 cents to $14 to finish as the day's leading gainer. Its local
    291 words
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      137 1 rfgPl FRESH yKSr!%- E)nw STRONG REFRESHING Soli Agent: Shrtro (Singapore) Pt(. LM. S*pore New 2 SpwH?sa*__.l7.lB Regional News 3,4.5 Financial 21.22 World News 8,9 Markets Analyss 15 Oob/KLSE, SES 26-28 EAtonai 14 Regional .24 Sports 10 World 2* TV/Utestye 13 Currencies 23 PrepertY 12 SmmJQmm .22.23 Tel 1800-*****77 Fa* *****75
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      7 1 Property: Pg u Top commercial property manager
      7 words
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      19 1 Hock LockSiew: Pg l7 Uy Hong Leong, the mei mant ?S\ 1 Strategic importance of GICs stake, Pg 16
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      65 1 Line: Pg 16 HSecurities regulators divided US posts USs2o3b budget deficit the lowest in five years, Pg 16 0 Lankan suicide bomber kills opposition leader, Pg 16 Chronoretex movement chronograph C) 7 Mi m Automatic tur>clk>n of t»m*-2ones. Carder boutique/ Singapore Ngee Ann City, Tower B, #01-11, 391 Orchard Road.
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      Page 1 Advertisements Column 5
      18 1 FRESH BREATH IN A FLASH REFRESHING. Full reports, Pgs 24-28 Singapore's trade: Slower growth in Sep, Pg 2
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Inflation may top 4%, says US firm
        347 2  -  By Chuang Peck Ming INFLATION could rise beyond 4 per cent in the next three to six months, says American investment house Merrill Lynch. Why? Because more retailers will pass on the 3 per cent goods and service tax to consumers, it says.
        Source: Dept of Statistics  -  347 words
    • Article
      Non-oil domestic export growth eases in third quarter
      430 2  -  By Genevieve Cua GROWTH in non-oil domestic exports slowed to 26 per cent in real terms in the third quarter of this year, from 32.8 per cent in the second quarter. The latest figures, released yesterday by the Trade Development Board, show
      430 words
    • Article
      Zaozhuang city delegation signs deals worth US$145m
      266 2 A DELEGATION from Zaozhuang city in Shandong Province has clinched agreements worth US$l45 million (*****.6 million) with local and regional companies. On top of this, the mayor of Zaozhuang yesterday appointed three Singaporeans a former Senior Minister of State and diplomat, Lee Khoon
      266 words
    • Article, Illustration
      Lock icon Govt revamps recruitment and promotion of civil servants
      475 2  -  By Ven Sreenivasan FROM Jan 1, the recruitment and promotion of most civil servants will be carried out by individual ministries rather than by centralised bodies. A system of personnel boards at ministry level will take over these functions from the Public
      Photo by Arthur Lee  -  475 words
    • Article
      3,000 expected to visit productivity, HRD talkfest
      195 2 THE 1994 World Productivity Assembly and Human Resource Development (HRD) Asia conference and exhibition, which begins in Singapore today, is expected to attract 3,000 trade visitors and 300 delegates from 25 countries. Malaysian International Trade and Industry Minister Rafidah Aziz will officially open
      195 words
    • Article
      Transpalm secures AIT tax status
      167 2 SINGAPORE-based Transpalm Agency, owned by a Rotterdam trader, has been awarded Approved International Trader status by the Trade Development Board. The TDB said yesterday Transpalm was set to play a more significant role as a trader in the Asia Pacific. It is owned by Nidera
      167 words
    • Article
      Clarification
      47 2 IN A REPORT on Oct 22 headlined "Demand in high gear for Mercedes cars", we said the figures were "from the Motor Traders Association". We would like to clarify that while the figures were the association's figures, they were not released to BT by the association.
      47 words
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      315 2 ^%~]!,}%>!/<(^^}?:|&(<]"@<?$_~* REFINING, LNG&PETROCH EM^SIA94 INTERNATIONAL CONFERENCE The Window to your Business Needs M- 7-8 December 1994 •In mm 11th Floor, WTC Convention Centre IFy WoH^^od^entr^Singapore If Jb. Come 7-8 December, the WTC Convention Centre will once again play host jMRfIL K to the 2nd Retining, LNG and PetrochemAsia Conference. Xtf'-
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      25 2 rSfilEj- PORT \V§§Alg SHOTS \\ll§i The ,atest in vi sea air and land transportation Shipping Times Monday to Friday HP Business Times Wt KNOW ASIA
      25 words
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  • SOUTH-EAST ASIA
    • Article
      Jakarta move to raise rates for electricity sparks outcry
      431 3  -  From Leslie Lopez in JAKARTA AN INDONESIAN proposal to raise electricity rates has drawn a storm of protest and raised fears that the increase will stoke inflation, increase the cost of doing business and burden small-scale subscribers. Economists and analysts have
      431 words
    • Article, Illustration
      Lock icon Anglo-Indonesian consortium lands US$600m toll road project
      401 3 Reuter JAKARTA An Anglo-Indo-nesian consortium led by Britain's Trafalgar House yesterday clinched one of the biggest deals ever between the two countries to build a major road project. "This is probably the biggest civil project ever signed between the United Kingdom and Indonesia,"
      Reuter  -  401 words
    • Article
      Lock icon Foreign businessmen laud new Cambodian finance minister
      400 3 Reuter PHNOM PENH Foreign businessmen based in Cambodia expressed confidence in new Finance Minister Keat Chhon and said last week's cabinet reshuffle was unlikely to affect foreign investment. Cambodian lawmakers last Thursday voted 90-13 in a secret ballot to replace Sam Rainsy as
      Reuter  -  400 words
    • NOTEBOOK
      • Article
        Lock icon Ramos brushes aside Sin charges
        90 3 AFP MANILA Philippine President Fidel Ramos yesterday brushed aside charges that he intended to perpetuate his stay in power beyond his term, saying six years in office were enough. "As far as I'm concerned personally, one term as president is enough, a palace statement quoted
        AFP  -  90 words
      • Article
        Lock icon Tenaga can raise funds to pay back loan
        91 3 AFP KUALA LUMPUR Malaysia's Tenaga Nasional would either use its internal funds or raise a loan to repay the British government if it withdrew its funding for the Pergau dam project, the Malaysian parliament was told yesterday. "If the British loan is
        AFP  -  91 words
      • Article, Illustration
        Lock icon Filipino students rescued after 3 days
        38 3 Reuter CALAPAN, Philippines Three Filipino students were rescued by a Philippine Air Force helicopter on Mindoro Island yesterday after they were trapped for three days on a mountain by typhoon Teresa. Reuter
        Reuter  -  38 words
    • Article
      Lock icon MP ticked off for Vincent Tan suit queries
      263 3 The Straits Times KUALA LUMPUR Malaysian Law Minister Syed Hamid Albar yesterday ticked off opposition Member of Parliament Karpal Singh for questioning in parliament the role of the High Court in a libel suit in which tycoon Vincent Tan was awarded Mslo
      The Straits Times  -  263 words
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      108 3 An Opportunity To Lease Prime Office Space At the 'New' Commercial Union Building Major refurbishment to include: new services including lifts, full air JJI conditioning and sophisticated security system; complete recladding of exterior; highly specified finishes Prominent and easily accessible at Raffles Place r" IT Next to Raffles Place MRT
      108 words
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      Page 3 Advertisements Column 2
      64 3 i !i Personal Finance i and Merchant Banking Only a merchant bank can combine wealth preservation and high performance with financial engineering, discretion and new opportunities. I *wr ajprn fan H mm j 4 \k M w B|g International Private H in Singapore, call Quek Suve 535-49 88 Geneva Lausanne
      64 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINAWATCH
      • Article
        Lock icon Low marks for Patten over China talks
        105 4 AFP HONGKONG Hongkong Governor Chris Patten gets low marks for his dealings with China in the run-up to the 1997 Chinese takeover of the territory, according to respondents in a poll released yesterday. The survey, conducted by Asian Commercial Research Ltd for the
        AFP  -  105 words
      • Article
        Lock icon Beijing warning on HK press freedom
        68 4 AFP HONGKONG China has warned against changes in press freedom laws in Hongkong, vowing to scrap any new laws after the 1997 takeover. Sun Nansheng, the propaganda chief of Xinhua news agency, China's de facto government representative in Hongkong, accused the Hongkong administration of
        AFP  -  68 words
      • Article
        Lock icon Taipei won't raise foreign fund ceiling
        81 4 Reuter TAIPEI Taiwan will not consider raising its ceiling on foreign funds in the stock market for now even though the island's M 2 growth came under control in September, the state-funded Central News Agency said. But the central bank is not ruling out
        Reuter  -  81 words
      • Article
        Lock icon Taiwan air force's secret spy squadron
        83 4 AFP TAIPEI Taiwan's air force has been operating a clandestine squadron of electronic surveillance aircraft since 1991 as part of. its long-standing intelligence war with China, local press reported yesterday. The squadron, based in southern Pingtung county, is responsible for intercepting military telecommunications and
        AFP  -  83 words
      • Article
        Lock icon China to double foreign law firms
        76 4 AFP BEIJING The government plans to double within three years the number of foreign law firms permitted to operate in China, a ministry of justice official was quoted as saying by the Xinhua news agency yesterday. The target would be to raise the number
        AFP  -  76 words
    • Article
      Lock icon HK stocks take off with talk of financing deal on new airport
      347 4 Reuter AFP HONGKONG Renewed hopes of a financing deal for Hongkong's new airport touched off a stunning rebound in Hongkong stocks, lifting them to a higher close. Traders and analysts said Chinese negotiator Guo Fengmin's comment that he
      Reuter; AFP  -  347 words
    • Article
      Lock icon China embarks on information superhighway
      173 4 AFP BEIJING China has taken its first tentative steps along the information superhighway with the inauguration of the country's first nationwide digital data network, a report said yesterday. The network, based on powerful fibre-optic, digital microwave and satellite transmission systems, connects 21 municipalities and provincial
      AFP  -  173 words
    • Article
      Lock icon China cracks down on shoddy and unsafe products
      78 4 UPI BEIJING Inspectors have been dispatched to cities, counties and towns throughout China in a massive crackdown on shoddy and unsafe products produced domestically and imported from abroad, an official newspaper reported yesterday. Although regular quarterly checks were started 10 years ago.
      UPI  -  78 words
    • Article
      Telecom still studying satellite deal with Taiwan
      240 4  -  By Schutz Lee SINGAPORE Singapore Telecom is still assessing the commercial viability of a joint investment project with Taiwan to launch a US$2l5 million (SS3I6 million) communications satellite. "Discussions on this project are still ongoing and no final agreement has been reached yet,"
      240 words
    • Article, Illustration
      Lock icon Carrier expands in China
      60 4 AFP BEIJING A Chinese shopper taking a closer look at rings and watches at the new Cartier boutique which opened in Beijing last month. This boutique is the second Cartier outlet in China. Its first, opened 11 months ago, is in Shanghai. A third boutique will
      AFP  -  60 words
    • Article
      Lock icon China's state-owned firms to get 15% tax rebate
      358 4 Bloomberg Business News BEIJING State-owned Chinese enterprises are to be offered a 15 per cent tax rebate and fresh bank loans to increase their working capital, China Securities News reported yesterday. The first measure would effectively cut the companies' in-come-tax rate from
      Bloomberg Business News  -  358 words
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      171 4 Tljfn A IN MANAGEMENT IVIIJajI consultancy FOR all Consultants Maastricht self-employed management -dttti f ho l of consultants and RVB 1 Management^ those that are interested in becoming top management Consultants This is tbe MBA for you! Features: 9+9 weekends of class sessions Recognised in four modules International Completion in
      171 words
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      7 4 Opportunites galore in The Straits Times Classified
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      65 4 jrr 2 -> j.* INVESTING '94 What's hot? What's not? Find out from the experts in Investing '94. Get their views on stockmarkets, bonds, Simex futures, currencies, commodities, property prices, golf memberships and collectibles. Get their advice on managing risks, private banking, unit trusts, insurance and taxes. INVESTING '94 a
      65 words
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  • REST OF ASIA
    • Article, Illustration
      Lock icon Aussie central bank raises key short-term rate by one point
      385 5 Bloomberg Business News Reuter SYDNEY Australia's central bank yesterday raised its benchmark short-term rate a full percentage point to 6.5 per cent in what it described as a pre-emptive strike against inflation. It was the second rate rise in two
      Bloomberg Business News; Reuter  -  385 words
    • Article
      Lock icon Kim rejects opposition calls to reshuffle S Korean cabinet
      291 5 Reuter SEOUL South Korea's parliament came to a halt yesterday after President Kim Young Sam rejected opposition demands that he reshuffle his cabinet over last Friday's river bridge collapse that killed 32 people. "We will boycott parliamentary sessions for three days
      Reuter  -  291 words
    • Article
      Lock icon Mieno: recovery underpinned by consumers, rising exports
      282 5 Bloomberg Business News TOKYO Bank of Japan Governor Vasushi Mieno said that the Japanese economy's gradual recovery was being supported by housing and public investment, rising exports and consumer spending. Addressing the central bank's quarterly meeting of branch managers, Mr Mieno reiterated his
      Bloomberg Business News  -  282 words
    • Article
      Lock icon India has US$23b in unused aid
      171 5 UPI NEW DELHI India has accumulated over US$23 billion (5533.8 billion) in unused foreign aid, most of it lying idle due to a lack of viable projects, officials said yesterday. External aid to India is linked to project implementation, authorities said, but New Delhi
      UPI  -  171 words
    • ASIANOTES
      • Article
        Lock icon Japan to study PC info leaks
        100 5 Reuter TOKYO Japan's Ministry of Posts and Telecommunications yesterday said it will conduct a study on how information in personal computers can be leaked through the unintentional generation of radio waves. The ministry planned to carry out a six-month study and come up with
        Reuter  -  100 words
      • Article
        Lock icon S Korean exports seen growing 12.5%
        118 5 AFP SEOUL South Korea's exports should grow by 12.5 per cent in value to US$lO4 billion (*****.9 billion) in 1995 in the wake of steady global economic expansion, the Korea Trade Promotion Association (Kotra) predicted yesterday. The prediction was made at a seminar on
        AFP  -  118 words
      • Article
        Lock icon India to set up economic crime unit
        75 5 Reuter NEW DELHI The Indian government, worried by a steady increase in economic crime, will set up a special federal police unit under the supervision of Prime Minister P V Narasimha Rao to combat it, a police spokesman said yesterday. "There has been
        Reuter  -  75 words
    • Article
      Lock icon Japanese supermarkets sales fell 1.8% in September
      284 5 Bloomberg Business News TOKYO Sales at Japanese supermarket chains slipped 1.8 per cent in September after rising the previous two months. But economists said the slight decline doesn't signal that consumption, a leading force in Japan's recovery, is faltering. "The figures aren't alarming
      Bloomberg Business News  -  284 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
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      54 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Clinton changes policy towards Taiwan, or did he?
      1526 6  -  White House's Beijing-Taipei tightrope From Leon Hadar in WASHINGTON EARLY last month (September), the Clinton administration announced long-antici-pated changes in US policy toward Taiwan. Among other things, American economic and technical officials of noncabinet rank would be allowed to hold meetings in
      1,526 words
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      142 6 Because 1 Our Worldwide I Express j Delivery System Runs With I Such Precision, We Guarantee It j Like A Fine Swiss Wvtch. wßtr i *As£ pf f A^vijk^w 9wl.Hw i 3 irl^Krlfrl IWMW «YT ffigy t r I ntroducing the Worldwide Express Guarantee, from UPS. On time, or your
      142 words
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      368 7 2fhy Acer Altos 700/e PCI/EISA minitower server. More power. More drive bays. More expansion slots. For not much more. /JpN If you're looking for a server with the best price It even has two Fast Serial Ports that interface with performance features, look no further. ISDN and X.25 applications, for
      368 words
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  • THE WORLD
    • Article
      Lock icon European trade surplus to hit record US$110b this year
      374 8 Bloomberg Business News LONDON Europe will record a trade surplus of US$llO billion (S$ 161.7 billion) in 1994 as European companies beat Japanese competition in the fast-growing developing world, the Oxford Economic Forecasting Group said. This turnaround, caused largely by the
      Bloomberg Business News  -  374 words
    • Article, Illustration
      Lock icon Clinton says he's more confident and focused on foreign policy matters now
      342 8 Bloomberg Business News WASHINGTON After suffering through miscues in Somalia and elsewhere, US President Bill Clinton says he has a "greater level of confidence" in his foreign policy and is "making fewer mistakes". In an exclusive interview with
      Bloomberg Business News  -  342 words
    • Article
      Lock icon Russia angling for IMF loans to bail out its budget
      429 8 NYT MOSCOW The Russian government is struggling to get loans out of the International Monetary Fund to bail out its budget. The pattern, as Western economists and diplomats have come to understand, is for the Russians to make plausible promises
      NYT  -  429 words
    • Article, Illustration
      Lock icon Jelzin to give Gorbatschow a run for its money
      72 8 AFP DUESSELDORF, Germany A newcomer to Germany s vodka market looks set to take on the current leading brand. Wodka Jelzin (right) was launched recently to give Wodka Gorbatschow (left) a run for its money. Only time will tell if Jelzin
      AFP  -  72 words
    • Article
      Lock icon Havana, Washington resume talks on Cuban emigration
      314 8 AFP HAVANA Cuba and the United States resumed migration talks here yesterday amid fresh calls by Havana for a broad dialogue on improving relations by ending the 32-year-old US embargo on the Communist-ruled island. US and Cuban negotiators were to follow up the
      AFP  -  314 words
    • Article
      Lock icon Call for multi-money transition to EU's single currency
      403 9 AFP LONDON The head of the future European central bank yesterday became the second top banker in four days to float the idea of a multi-money transition to a single currency lasting possibly several years. The banker, Alexandre Lamfalussy, said the European
      AFP  -  403 words
    • Article
      Lock icon Kuwait-linked bank gave funds to Tories
      486 9 FT LONDON The Conservative Party received tens of thousands of pounds in secret contributions from a merchant bank with close links to the Kuwaiti government. According to documents obtained by the Financial Times, the bank, Robert Fraser and Partners, was financed to a substantial
      FT  -  486 words
    • Article
      Lock icon UK panel proposes costly welfare revamp but warns on taxes
      278 9 Reuter LONDON A high-powered commission yesterday warned of gaping inequalities in British society and urged the opposition Labour Party to adopt plans for a huge programme to eradicate poverty and mass unemployment. But the Commission on Social Justice, set up
      Reuter  -  278 words
    • Article
      Lock icon Euro development bank plans to seek increase in capital
      270 9 AFP PARIS The European development bank is likely to seek an increase in its capital at the end of 1996, bank president Jacques de Larosiere said yesterday. He told the Le Monde newspaper that "the problem of recapitalising the European Bank
      AFP  -  270 words
    • Article
      Lock icon EU anti-dumping duties on calcium
      58 9 AFP BRUSSELS The European Union has slapped tough antidumping duties on calcium metal imports from China and Russia, the EU's Official Journal revealed yesterday. The decision confirms a provisional position adopted in April and designed to sanction what the Union considers to be artificially low
      AFP  -  58 words
    • Article
      Lock icon Britain may buy Israeli missiles
      64 9 Reuter JERUSALEM British Defence Secretary Malcolm Rifkind, reaffirming the end of an arms embargo against Israel, told Israelis that Britain was happy to consider buying weapons from them. Mr Rifkind, on the first visit to Israel by a British defence minister, said last week that
      Reuter  -  64 words
    • Article
      Lock icon Gorbachev leaves it to Russians
      54 9 AFP NEW YORK Former Soviet leader Mikhail Gorbachev is not ruling out a run for Russia's presidency in 1996, Newsweek magazine reported. "I'm letting the people in Russia think about that," Mr Gorbachev said in an interview. "I'm allowing them to decide whether they want
      AFP  -  54 words
    • Article
      Lock icon Balladur's rating goes up
      62 9 Bloomberg Business News PARIS The approval rating of French Prime Minister Edouard Balladur rose two points to 54 per cent in October, despite corruption scandals that have rocked his government. The rating of President Francois Mitterrand was stable at 45 per cent, according to a poll
      Bloomberg Business News  -  62 words
    • Article, Illustration
      Lock icon Stage set for Israel-Jordan peace treaty
      54 9 Reuter ARAVA CROSSING, Israeli-Jordanian border Israeli soldiers arranging some of the 5,000 white chairs yesterday that will seat the invited guests for the peace treaty signing ceremony tomorrow. The signing to take place directly on the border will end 46 years of war between
      Reuter  -  54 words
    • Article
      Lock icon Major continues to back MP caught in questions-for-cash row
      300 9 Reuter Bloomberg Business News LONDON British Prime Minister John Major yesterday continued to back a government colleague at the heart of an influence peddling row as pressure grew on a senior cabinet member to clear up his role in the affair.
      Reuter; Bloomberg Business News  -  300 words
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      Page 9 Advertisements Column 1
      144 9 ,s ji tM Let's V out the food. Let the drinks flow. Let the music play. Welcome to Sit lunch priced at $35.00 Set dinner priced at $80.00 Ristorante Italiano Sabatini, Singapore's premier Italian restaurant. All pncei are subject to 10% strvict charge, plus prevailing cess and 3% GST. Renowned
      144 words
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      Page 9 Advertisements Column 2
      171 9 MAKING YOUR VISION I REALITY fl 750 A Chal Chec Industrial Park is ideally located close to new towns, offering the convenience of a ready pool of skilled workers, k> /> as we as easy accessibility to the rest of Singapore through an extensive transportation network. In every aspect, 750
      171 words
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  • SPORTS
    • Article
      Lock icon Fletcher clean bowled by Lillee
      116 10 Reuter PERTH Former Australian fast bowler Dennis Lillee yesterday poured scorn on England manager Keith Fletcher, stepping up the verbal jousting before the Ashes series. Lillee ridiculed Fletcher's claim that the tourists' attack was capable of generating as much pace as Jeff Thomson, Lillee's partner
      Reuter  -  116 words
    • Article
      Lock icon Agassi beats Stich in Vienna
      55 10 AP VIENNA Andre Agassi repeated his US Open victory over Michael Stich on Sunday to beat the German and win the CA Trophy title. Confirming his return to form, Agassi won 7-6 (7-4), 4-6, 6-2, 6-3 at Vienna's Stadthalle. For Stich it was the sixth
      AP  -  55 words
    • Article
      Lock icon Novotna takes Brighton crown
      65 10 AP BRIGHTON Jana Novotna successfully defended a singles title for the first time in her career on Sunday, beating fellow Czech Helena Sukova 6-7 (4-7), 6-3, 6-4 in the final of the Brighton International indoor tournament. The No 2 seed survived eight double faults, including one
      AP  -  65 words
    • Article
      Lock icon Azhar steers India to win over Windies
      78 10 AP MADRAS A brilliant 81 by captain Mohammed Azharuddin helped India sail past West Indies to a four-wicket victory in Sunday's opener of the Wills Triangular World Series Cricket Tournament. India needed 222 runs after Sachin Tendulkar restricted the West Indian assault. India
      AP  -  78 words
    • Article
      Lock icon Takanohana to vie for top rank
      95 10 AP TOKYO Popular ozeki (champion) Takanohana, who won sumo's last tournament 15-0, will vie for the top rank of yokozuna (grand champion) in the next tournament starting on Nov 6. American Akebono, the only active wrestler holding the top rank of yokozuna, returns to
      AP  -  95 words
    • Article
      Lock icon S Korea outplays HK in crucial rugby match
      317 10 AP KUALA LUMPUR South Korea, playing a clever and exciting brand of rugby, defeated a taller, heavier Hongkong team 28-17 on Sunday in a crucial Asian Championship match. It was a triumph of technique over physique, and of adventure over conservatism. The
      AP  -  317 words
    • Article
      Lock icon US trounces Europe to regain Solheim Cup
      524 10 AP WHITE SULPHUR SPRINGS, West Virginia Behind a home crowd, Tammie Green and her American teammates turned a close contest into a no-contest at the Solheim Cup. The Americans won eight of 10 singles matches on Sunday, including surprising wins from Green and
      AP  -  524 words
    • Article, Illustration
      Lock icon Dallas Cowboys triumph over Arizona Cardinals in slugfest
      573 10 UPI NEW YORK There was not enough room on the highlight film for all the big plays produced in the National Football League on Sunday. And there was no room at all for the weak and timid at Sun Devil Stadium where
      UPI; AFP  -  573 words
    • Article, Illustration
      Lock icon Johansson of Sweden wins Czech Open by 3 strokes
      229 10 Golf AP MARIANSKE LAZNE, Czech Republic Sevc Ballesteros needed to keep winning to move to the top of the European money list. That's what made his nthplace finish in the Czech Open all the more surprising Ballesteros shot a closing 70
      AP  -  229 words
    • Article, Illustration
      Lock icon Lietzke's Las Vegas win earns him place in Mercedes Championship
      457 10 AP LAS VEGAS Christmas came early for Bruce Lietzke's wife. "We've agreed," said Lietzke, who hates Christmas shopping, "that any time she gets to go to La Costa, that's her Christmas present." Rose nodded happily on Sunday, shortly after her
      AP  -  457 words
    • Article, Illustration
      American Football
      270 10 NEW YORK NFL on Sunday: Kansas City 38 Seattle 23; Detroit 21 Chicago 16; NY Giants 6 Pittsburgh 10; Cleveland 37 Cincinnati 13; New Orleans 37 LA Rams 34; Indianapolis 27 Washington 41; LA Raiders 30 Atlanta 17; Arizona 21 Dallas 28; SF 41 Tampa Bay 16; San
      270 words
    • Article, Illustration
      Golf
      309 10 WHITE SULPHUR SPRINGS, West Virginia The US beat Europe 13-T to win the Sol horn Cup on Sunday by taking the final day singles at the women's match play golf competition 8-2. Sunday's scores: Helen Alfredsson (Eur) bßetsy King (US) 2 and I; Dottie Mochrie (US) b Catrin Nilsmark
      309 words
    • Article, Illustration
      Rugby
      99 10 KUALA LUMPUR 14th Asian tournament Group B results on Sunday: S Korea 28 Hong Kong 17; Thailand 69 Singapore 5 Standings Group A: 1 Japan 1 1 0 0 56 5 2 2 Malaysia 1 1 0 0 23 18 2 3 Sri Lanka 1 0 0 1 18
      99 words
    • Article, Illustration
      Tennis
      106 10 LYON, Kruce US$6OO,OOO ATP final oa Sunday: Marc Rosset (Swi x 5) b Jim Courier (US x 4) 6-4 7-6 (7/2). MONACO Leading ATP Tow men's rankings yesterday: 1 Pete Sampras (US) 4,740 pts 2 Goran Ivamscvic (Cro) 3,31/ 3 Michael Stich (Ger) 3,189 4 Scrgi Bruguera (Spn) 2,727
      106 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      91 10 An Eye for the Finer Points in Writing The uni-ball <2£> micro ÜBISO has been transformed into a fine writing accessory. The stainless steel precision tip and controlled ink flow system ensures formance. Its unique see-through ink reservoir shows ink balance right down to the last drop. Available in regular
      91 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Staying ahead of the pack
      446 11  -  Richard Ellis is the undisputed leader where managing commercial property in Singapore is concerned. Abdul Hadhi reports Abdul Hadhi WHEN it comes to managing commercial property in Singapore, Richard Ellis seems to have floored the competition. The company is Singapore's top manager with a massive
      446 words
    • Article
      Colliers sells 12 Paris apartments at S'pore exhibition
      208 11 ESTATE agents Colliers Jardine's latest exhibition has widened the geographical spread of foreign residential properties being marketed in Singapore. At an exhibition over the weekend, Colliers launched Passy Plaza, located in Paris and comprising 62 luxury apartments. Colliers claims that this is
      208 words
    • Article
      Lock icon Swire Properties to raise prices of luxury Robinson Place units
      401 11 Bloomberg Business News SWIRE Properties said it will raise the price of apartments in its luxury Robinson Place development by 2.4 per cent after strong demand at a sale last week. The real estate company, which is part of the
      Bloomberg Business News  -  401 words
    • Article
      Hongkong home loan market loses vigour
      474 11 THE STEAM went out of Hongkong's mortgage lending market in September, as 33 leading institutions approved 4 per cent fewer home loans than they did in August, according an Eastern Express report quoting figures released by the Hongkong Monetary Authority (HKMA) last Friday. This
      474 words
    • Article, Illustration
      Lock icon Rents in Bangkok lowest among Asian capitals
      301 11 Knight Ridder BANGKOK'S rentals are among the lowest among Asian capitals, and considerably below those of Hongkong and Singapore, a survey disclosed yesterday. Prime office space in Bangkok remained unchanged at US$22 per square metre per month during the period of November 1993
      Knight Ridder  -  301 words
    • Article
      Cambodia gets first service apartments
      418 11  -  From Harish Mehta in PHNOM PENH INDONESIAN firm PT Pulau Permata Surya has completed the development of Cambodia's first full-fledged service apartment complex, at a cost of US$B million (SSI 1.8 million). The Embassy Place apartments, which will be managed by French hotel group Accor,
      418 words
    • Article, Illustration
      PROPERTYWATCH
      228 11 Selected transactions In the past week DWd Tfr* hKn»HH Tw > ($5*°* s$pd PWVATE Oct 17,1994 1954 Florence Rd i Terrace 2750/3530 FH 1,800,000 I 509 OcM7, 1 994_J Sea Breeze Rd Semi-d 2200/4000 FH 2,080,000 520 Oct 17,1994 1130 Bassen Court Condo 1410 j FH 720,000 510 Oct
      228 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      209 11 SFeast SFotkAII 07W Semes/ {t JP Bastiani, lunch is a Mediterranean culinary A A experience to be savoured in every sense. k v Prepare to be overcome by the aroma of delicate Lunch: j II 11.30 am to 2.30 pm. spices wafting from our wood burning oven and grill. $26++
      209 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      544 12 MNrtiHlgßeatsAßimi^ OF FRESffI [PASTA MDAILY. W From Pasta Frosca. Tho only ro«toorant ♦o mak* l*» own spoclatty pasta. Fro«h, everyday Savour porfoct pizza, groat golati and terrific tiromisu All toppod with Italian hospitolity. Pasta Ff• tea Oa Sotvotoft PH Ltd 30 Boat Quay SIOIO4I (Open 24 hours) T«l 532 6283/532
      544 words
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      Page 12 Advertisements Column 2
      364 12 WHERE TO WINE, DINE AND ENTERTAIN 35 BUSINESS LUNCH OR 1 FAMILY DINNER, I 1 FEAST ALL YOU CAN. 55 5 That's over 50 delightful dishes in all! 3ji Featuring the best talked about jfj seafood and Cantonese cuisine. All jt you can eat. Complimentary platter of K suckling' pig
      364 words
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      Page 12 Advertisements Column 3
      385 12 •PaH -;'J> 32E2E e s r-*sf> jPf rf/*o)W£T S Q*» t3M**fUnUtf- Maximum of Maximum of 'Package C 15 persons) 10 persons) $180++ <f u sgg: for reservations. call us at 7H6151 between IOJOam and 6 JOpm til £110 after SJOjrni. Llljlciiy Trices art subject to sennet charge and prevailing """""U-I"*""
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  • LIFESTYLE
    • Article, Illustration
      Lock icon New dawn in cinematography
      752 13  -  High-tech Belgian film Taxandria is set to revolutionise the film industry, says Sue Pleming Sue Pleming Reuter IT TOOK more than a decade of hard work, but the film Belgian producers say will launch an era of high-tech cinema is finally finished. Taxandria fuses make-believe with
      Reuter  -  752 words
    • Article, Illustration
      Lock icon Will Diana live happily ever after in the US?
      414 13 AP AS PRINCESS Diana flew home from Washington yesterday one London newspaper said the warmth of her welcome there has convinced her she can make a new life in the US. Another, the Daily Telegraph, called her trip "a dam-age-limitation exercise"
      AP; Reuter  -  414 words
    • Article
      Lock icon Madonna finds true love at last?
      352 13 CHATTERBOX Reuter AP AP RAUNCHY pop star Madonna says she wants to have three children and has found a prospective father but she's silent about his identity. Madonna, in an interview broadcast on BBC television on Sunday night, acknowledged she had difficulty with relationships
      Reuter; AP  -  352 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      87 13 Cakh this faniastit band in action, and he itirilled by their renditions o< lop 40 hits. evetßreen favourites ant) oldies in English. Chinese, lapanese and Indonesian H«*ppv (toun S 00pm lo 8 00pm > >0% olf vljodinl drinks) SwtfiMNr Show Tuesdays And Thursdays. *1 M)pm lidm Nrtf (very Wednesdays Fw
      87 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1079 13 1 TV RADIO The Haunting of Sarah Hardy, injs and filming the dail> life of or h s II,C- th y grab hl g rl Snowdonia in Wales boasts high lakes and rocky peaks and is [ntothb.'XZ" UrBCnCy "*> «<«» °f"°™' Ch 12 ■|M 7.00 News 5 at Seven. 8.00
      1,079 words
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  • Article
    Lessons from Al-Arqam episode
    511 14 EDITORIAL WITHOUT much difficulty, or so it seemed, the leader of the controversial Malaysian Al-Arqam sect, Ashaari Muhammad, confessed on television to religious deviationism. With the confessions, a potentially explosive problem has been defused. Some of those who saw the Al-Arqam leader on Malaysian television last
    511 words
  • WHAT THE OTHERS SAY
    • Article
      Lifeline for North Korea?
      181 14 LAST WEEK'S accord between the United States and North Korea was an act of mature diplomacy to draw an isolationist Stalinist state closer to the global community, and expose it for the first time to free market forces. It is the region as a whole that
      181 words
    • Article
      Kohl's tough spot
      154 14 GERMANS are divided over their political future, last Sunday's general election shows. The margin for Chancellor Helmut Kohl and his coalition of the Christian Democratic Union and other parties saved the day, but it was not a strong vote of confidence. What is certain is that Germans
      154 words
    • Article
      Salaries, rewards and risks
      168 14 IN ORDER to maintain an efficient and clean political leadership and public service in Singapore in the long run, ministers and civil servants have to be rewarded adequately. It is believed that this principle has been widely accepted by Singaporeans. Every time the government reviews salaries
      168 words
    • Article
      End this fruitless bickering
      144 14 THE TUG-OF-WAR over the Palang Dharma Party executive committee's nomination of telecommunications magnate Thaksin Shinawatra for the foreign minister's portfolio, which has been going on for more than a week now, has reached a point bordering absurdity. Members of the public who have anxiously watched this
      144 words
    • Article
      Make sure he's kept out
      183 14 THERE SHOULD BE no tears shed for the departure of Yu Pun-hoi from the boardrooms of Ming Pao Enterprise Corporation and South Sea Development. Nor should there be cries that Hongkong is becoming too regulated for its own good. Rather, there should be shouts of
      183 words
  • Article, Illustration
    Lock icon India's 'big ship' economy: plenty of room to grow
    1042 14  -  James K Glass discusses why India appears so attractive to all the US mutual funds that specialise in the country's stocks James K Glass Washington Post THE 1989 revolution that razed the Berlin Wall seems to have had more profound economic
    Washington Post  -  1,042 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      214 14 For more than a century and a half, Patek Philippe has been known as the finest watch in the world. The reason is very simple. It is made differently. It is made using skills and techniques that others have lost or forgotten. It is made with attention to detail very
      214 words
  • Page 14 Miscellaneous
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  • ANALYSIS
    • Article, Illustration
      Lock icon It's an infectious disease, it's like porno, it's...
      1502 15 Derivatives are attracting lots of attention these days, but even professional investors have trouble defining these opaque securities. Bloomberg Business News correspondents garner varied opinions on the subject and provide a glossary of terms used in their trading Bloomberg Business News FLAVIO
      Bloomberg Business News  -  1,502 words
    • Article
      Lock icon What all those esoteric terms mean
      964 15 Bloomberg Business News HERE IS a glossary of derivative terms, from the most common to the more arcane. Callable Bonds: Securities that the issuer can redeem before the maturity date. They can do so because the bonds include an option, sold to the issuer
      Bloomberg Business News  -  964 words
  • Page 15 Advertisements
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      7 15 REGIONAL ANALYSIS Every Wednesday, in Business Times
      7 words
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      Page 15 Advertisements Column 2
      147 15 Cuisine of the Original Masteis Imperial Chef flown in from Beijing ©I Tickle your tastebudi with Mr Liu I Guo Zhu's tempting fare. All the way from Grand Hotel, Beijing, he is the first mainland chef and the first Szechuan food chef to be honoured with the Golden Chain Prize
      147 words
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  • Article
    US budget deficit lowest in five years
    557 16 Major narrowing of shortfall a result of tax revenue increase, defence cuts CLEVELAND President Bill Clinton said yesterday the US posted a US$2O3 billion (*****.4 billion) budget deficit for the fiscal year ended Sep 30, the smallest in five years and down nearly
    557 words
  • Article, Illustration
    Lock icon Lankan blast kills top opposition candidate, 56 others
    558 16 AP Reuter AFP COLOMBO A suicide assassin detonated a powerful bomb packed with tiny pellets at an election rally on Sunday night, killing 57 people, including the opposition candidate for president and top leaders of his party. Sri Lankan police said a
    AP; Reuter; AFP  -  558 words
  • Article
    Lock icon American MNCs plan bigger investments in emerging economies
    337 16 Reuter NEW YORK American multinational corporations plan to increase investments in emerging economies worldwide, according to a study of 1,000 global companies conducted by Ernst Young. The new study indicates that 48 per cent of US companies plan to increase substantially investments
    Reuter  -  337 words
  • Article, Illustration
    Securities regulation too important to be left to regulators
    964 16  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent SECURITIES regulators have never been more needed than they are now at a time of surging international capital flows, booming emerging markets and runaway growth of financial derivatives.
    964 words
  • Article
    Lock icon Healthcare Inc: net income jumps 30%
    100 16 Bloomberg Business News NEW YORK US Healthcare Inc said third-quarter net income jumped 30 per cent on tight control of medical costs and more members in the company's managed health-care plans. Healthcare said net income rose to US$lOl.4 million (Sslso million), or 63 cents
    Bloomberg Business News  -  100 words
  • Article
    Small amount but of great strategic importance
    331 16  -  GlC's stake in China's first investment bank By Catherine Ong BEIJING The Government of Singapore Investment Corporation's initial US$7.5 million (Ssll million) stake in China's first joint-venture investment bank may be small but it has great strategic importance, said GlC's deputy managing director
    331 words
  • Article
    Lock icon Exxon: third-quarter net income up
    65 16 Bloomberg Business News IRVING, Texas Exxon Corp said its third-quarter net income rose to US$l.l6 billion (Ssl.7 billion), or 92 cents a share, from year-ago profit from operations of 84 cents. In the 1993 quarter, gains of US$3O6 million made net income US$l.36 billion, or
    Bloomberg Business News  -  65 words
  • Article
    Lock icon Caterpillar net profit down 43%
    46 16 AFP CHICAGO Caterpillar Inc, the largest construction machinery builder, announced yesterday a 43.5 per cent decrease in its net profit at US$244 million (Ss36l million) down from US$432 million a year ago. Earnings per share were US$l.2O down from US$2.l3. AFP
    AFP  -  46 words
  • Article
    Lock icon USAir: net loss of US$180m
    58 16 AFP ARLINGTON, Virginia USAir, the fifth largest US airline, announced yesterday a net loss of US$lBO.O6 million (***** million) in the third quarter compared to a U*****.6 million toss a year ago. Losses per share were U553.32 against U553.33. Sales slightly increased to US$l.75 billion,
    AFP  -  58 words
  • Article
    Lock icon Domestic funds form 46% of new KL projects
    378 16 MBT KUALA LUMPUR Of the M 517.9 billion (5510.3 billion) worth of projects approved in the first nine months of this year, domestic investments accounted for about MsB.3 billion or 46 per cent of total investments, International Trade and Industry Minister Rafidah
    MBT  -  378 words
  • Article
    Lock icon 3M: earnings up 7.9%
    64 16 Bloomberg Business News ST PAUL, Minnesota Minnesota Mining and Manufacturing Co said third-quarter earnings rose 7.9 per cent on strong unit sales and increased productivity. Net income rose to US$34l million (Ssso4 million), or 81 cents a share, from US$3l6 million, or 73 cents, a year
    Bloomberg Business News  -  64 words
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  • COMPANIES & MARKETS
    • Article
      Low Keng Huat posts 60% profit fall, plans to raise $60m
      460 17  -  By Shiv Taneja SINGAPORE Construc-tion-based Low Keng Huat (Singapore) Ltd, which posted ti 60.4 per cent drop in halfyear net earnings yesterday, plans to raise $60.47 million to refinance existing loans ind fund overseas projects. The company said yesterday
      460 words
    • Article, Illustration
      Goodman Fielder Asia set for overseas thrust
      289 17 SINGAPORE The restructuring that took place last year at food group Goodman Fielder Asia should provide a Arm base for overseas expansion and lift the group's "overall fitness", chairman Donald Hughes says. GFA would sell its factory premises in Tuas, which is on
      289 words
    • Article
      Acma in Russian broadcasting technology deal
      357 17  -  By William Chia SINGAPORE Electronics firm Acma has set up a joint venture company in Russia to provide specialised technology for broadcasting Russian dews and other data via radio weves. Acma said yesterday its wholly owned subsidiary Acma Technologies had a 60 per cent
      357 words
    • Article
      US listings may put Hong Leong on road to merchant banking
      671 17  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE Does the Hong Leong group still need Singapore? Certainly. But it is getting to the stage where it does not rely on the Stock Exchange of Singapore for new listings. If
      671 words
    • Article
      TAS clears pager, mobile rights for Telecom units
      222 17  -  By Genevieve Cua THE Telecommunication Authority of Singapore has approved an application by Singapore Telecom to transfer its rights to operate paging and mobile phone services to new subsidiaries. The rights to operate public land mobile radio communications services will be assigned
      222 words
    • Article
      Telecom issuing bonus stock to group A holders by Nov 3
      208 17 SINGAPORE Holders of Singapore Telecom group A shares will have the first lot of bonus shares credited to their Central Provident Fund accounts by Nov 3. Telecom said yesterday those who had held group A shares the tranche reserved
      208 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        43 17 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Baring. Daiwa, Kay Hian. Morgan Grenfell. Nomura. Phillip. Smith New Court, Wl Carr and SG M arburg.
        43 words
      • Article, Illustration
        HOT STOCK
        128 17  -  By Paul Leo SIME DARBY has fallen 18 per cent to $4.00 from its ail-time high of $4.88 touched on Sep 5. Short and medi-um-term technical factors are calling for a buy while long-term indicators are neutral. Weekly and daily Relative Strength Indices are at 25 and any
        128 words
    • COMPANIES
      • Article
        Lock icon MUI ups Shangri-La Properties stake
        55 18 Bernama KUALA LUMPUR Malayan United Industries Bhd said it now held 590,773,309 shares or 30.34 per cent of the enlarged share capital of Shangri-La Properties Inc (SLPI). This followed the acquisition by subsidiary Ascada Sdn Bhd of a first tranche of a rights issue of
        Bernama  -  55 words
      • Article
        Lock icon Berjaya to build hotel in Sabah
        40 18 Bernama KOTA KINABALU The Berjaya group of companies, through its subsidiary Berjaya Leisure Berhad, will develop a 300-room five-star hotel on a 10-hectare piece of land on Pulau Gaya, fronting the state capital. Bernama
        Bernama  -  40 words
      • Article
        Amcol's purchase of Hock Der completed
        64 18 SINGAPORE Amcol Holdings Ltd said yesterday its purchase of 29.9 per cent of the equity of Hock Der Realty Sdn Bhd for M 57.5 million (554.3 million) had been completed. The approval of the Foreign Investment Committee, however, is subject to Hock Der reserving
        64 words
      • Article
        Singapore Telecom forms subsidiary
        44 18 SINGAPORE Singapore Telecom has formed a fully-owned subsidiary, INS Holdings Pte Ltd, with an authorised capital of 1 million and an initial paid-up capital of $2. The directors of the new company are Lim Beng Choo and Tan Sok Chwee.
        44 words
      • Article
        Net tangible asset backing of UIS
        30 18 SINGAPORE United International Securities last night announced that its consolidated net tangible asset backing per share was $1.71 as at Sep 30 this year.
        30 words
      • Article
        UOL unit buys UIC shares
        29 18 SINGAPORE UOL Equity Investments, a fully owned subsidiary of United Overseas Land, has acquired 200,000 shares of United Industrial Corp at $1.51 per share.
        29 words
      • Article
        Lock icon Berjaya unit to draw up new deal with Manila lottery
        266 18 MBT KUALA LUMPUR Philippine Gaming Management Corp (PGMC), an associate company of the Berjaya group, is expected to sign a new deal with the Philippine Charity Sweepstakes Office (PCSO) by the end of this year. This follows the invalidation of
        MBT  -  266 words
      • Article
        Lock icon Ganda's bid for control of Interport falls through
        156 18 Bloomberg Business News MANILA The plan by Ganda Holdings Berhad of Malaysia to acquire a controlling interest of the Philippines' Interport Resources Corp has fallen through. Ganda, part of the Westmont Group, had agreed to acquire a 55 per cent stake in
        Bloomberg Business News  -  156 words
      • Article
        Kramat pays M$374m for 31% of Indon timber firm AOI
        471 18  -  From Ho Kay Tat in KUALA LUMPUR HERALDING another Ma-laysian-Indonesian corporate tie-up, Kramat Tin Dredging Bhd said yesterday it would take a 31.86 per cent stake in Indonesian timber firm PT Artika Optima Inti for M 5374.243 million (*****.14 million)
        471 words
      • Article, Illustration
        Lock icon Indonesian stock market set to shine after Indosat listing
        461 18 Reuter JAKARTA Indonesia's stock market, shunned by foreign investors for most of the year, is set to perform strongly into 1995 after the successful international and local listing of telecommunications firm Indosat. Brokers said yesterday expected 1995 earnings growth of 25
        Reuter  -  461 words
      • Article
        Lock icon Sime Darby in regional offshore oil drilling tie-up with US firm
        512 18 MBT KUALA LUMPUR Fuelling efforts to expand into the oil and gas industry, Sime Darby Holdings Bhd has set up a joint-venture company to offer contract offshore drilling to major oil concerns in Southeast Asia. Sime Dual Sdn Bhd,
        MBT  -  512 words
      • Article
        Lock icon Fujitsu shares close at M$5.10 premium over offer price
        253 18 Bernama KUALA LUMPUR Fujitsu Systems Business (M) Bhd recorded a hefty premium over its offer price yesterday, continuing the strong performance seen by companies seeking a listing on the Kuala Lumpur Stock Exchange in recent weeks. Fujitsu had offered 3.325 million
        Bernama  -  253 words
      • Article
        Lock icon Amcorp to focus on financial sector
        184 18 MBT KUALA LUMPUR ArabMalaysian Corp Bhd (Amcorp) would focus on its competitive advantages in financial and industrial services, with continuing growth expected in these areas. The growth of the group's financial services sector is expected to be augmented by contributions from the industrial services
        MBT  -  184 words
      • Article
        Lock icon Reliance's 9.5b rupee issue may hurt share price
        399 18 Reuter BOMBAY India's largest private sector company Reliance Industries Ltd has surprised most people and disappointed some with the country's largest private placement of shares worth 9.45 billion rupees (*****.9 million). Reliance's move could make the company's shares more volatile, analysts said
        Reuter  -  399 words
      • Article
        Untitled
        428 18 Mmiqm' pricM Oct 25 Mcndaki Gr Fund I.IS l.2l«d Tarinnn Tnirt US Gr Fund 098 102uvtvx m»i immb iwi The Commctvc 1.73 II) Ihc Savings Fund 168 1.78 Uiuhmd 1.57 .63 S pore Prog Fund 0.66 0 70xd Umbomd+ 04 07 S pore See Fund 103 109 UnftcdGrFund? 82 1.90
        428 words
      • Article, Illustration
        Aussie exchange losing 20% of stock trades to rivals, chairman warns
        420 19  -  From Florence Chong in SYDNEY THE Australian Stock Exchange (ASX) was losing up to 20 per cent of transactions in Australian stocks to foreign exchanges, ASX chairman Laurie Cox said yesterday. "Five years ago, we weren't particularly concerned about
        420 words
      • Article
        Lock icon Pall of smoke hangs over Japan Tobacco's public listing
        420 19 Los Angeles Times Reuter TOKYO Japan's rocky efforts at selling off government assets are lurching forward with preparations to offer shares in Japan Tobacco Inc on Thursday. But even before Japan Tobacco the only company allowed to make cigarettes in this
        Los Angeles Times; Reuter  -  420 words
      • Article
        Lock icon Citicorp unit in cement joint venture
        183 19 AFP HONGKONG Citicorp Capital Asia Ltd said yesterday it had teamed up with a French cement giant to set up a joint venture to produce and market cement and other related products. The investment vehicle of US-based Citicorp in Asia said it had teamed
        AFP  -  183 words
      • Article
        Lock icon China stocks surge amid call to set up investment funds
        441 19 Reuter SHANGHAI Warning that stock market turmoil had "tugged at the hearts of hundreds of millions of Chinese", a top securities official has said China must quickly establish investment funds, the Shanghai Securities News reported yesterday. Immediately after this, share
        Reuter  -  441 words
      • Article
        Lock icon Foreign fund managers visit Chengdu mobile phone network
        264 19 Bloomberg Business News BEIJING China, in another sign of approval of foreign investment in its vast plans to expand its telephone network, has allowed foreign fund managers to visit Champion Technology Holdings' mobile phone network. The share price of Champion, which is
        Bloomberg Business News  -  264 words
      • Article
        Lock icon Stanchart, CIBC quit Tokyo bourse
        101 19 AFP TOKYO Standard Chartered pk of Britain and the Canadian Imperial Bank of Commerce (CIBC) said yesterday they would delist from the Tokyo Stock Exchange (TSE), effective on Jan 31. The London-based bank said it was quitting the exchange because of the small number of
        AFP  -  101 words
      • Article
        Lock icon Shanghai VW doubles capital
        60 19 AFP SHANGHAI Joint venture car manufacturer Shanghai Volkswagen Corp is to double its registered capital to 2.3 billion yuan (***** million), the Xinhua news agency reported yesterday. The report quoted a company official as saying the decision to increase the size of the motor vehicle manufacturer
        AFP  -  60 words
      • Article
        Lock icon Goldstar to invest in chip plant
        57 19 AFP SEOUL South Korea's Goldstar Electron Co has earmarked U553.75 billion (555.5 billion) for the construction of a third chip factory here to produce dynamic random access memory (DRAM) chips, a Goldstar spokesman said. Construction of the new plant, with monthly output of 50,000
        AFP  -  57 words
      • Article
        Lock icon Burns Philp in global expansion plan
        61 19 Bloomberg Business News SYDNEY Australian food ingredients group Burns Philp Co said it will invest As3so million (*****.7 million) to develop further its global businesses, according to the group's annual report. "At present, 90 per cent of the company's sales revenue and profits are
        Bloomberg Business News  -  61 words
      • Article
        Lock icon HK may prosecute in Allied case soon
        80 19 Bloomberg Business News HONGKONG The Hongkong government may launch prosecutions within a matter of months related to inspectors' reports into alleged violations of securities regulations. Financial Secretary Hamish Macleod said yesterday. He said he hoped there would be prosecutions arising from the government
        Bloomberg Business News  -  80 words
      • Article
        Lock icon Seoul blue chip to list in New York
        52 19 AFP SEOUL Korea Electric Power Corp (Kepco), a best-selling blue chip here, will be listed on the New York bourse on Thursday, the second South Korean company to do so, fund managers said yesterday. The company will offer depositary receipts totalling US$3OO
        AFP  -  52 words
      • Article
        Lock icon ASX keeps individual memberships
        64 19 Reuter SYDNEY The Australian Stock Exchange is to retain individual membership after members failed to secure enough votes to end the practice. Members voted 69 per cent in favour of ending individual membership to 31 per cent against at the exchange's annual meeting but the special
        Reuter  -  64 words
      • Article
        Lock icon IBM, GM still struggling to revive fortunes
        617 20 NYT NEW YORK It seemed like two of the world's most troubled companies had finally got it right. In what looked like historic turnarounds. General Motors and IBM were bounc.ipg back from disastrous losses 'and just about everybody from customers to investors was
        NYT  -  617 words
      • Article
        Lock icon SEC to probe insider trading link to money fund losses
        200 20 Reuter NEW YORK The Securities and Exchange Commission is examining whether insider trading may have worsened shareholder losses at a money -market fund that lost money, the Wall Street Journal reported yesterday. j People close to the agency t told
        Reuter  -  200 words
      • Article, Illustration
        Lock icon Microsoft's journey of discovery
        49 20 Reuter WASmNGTOl^^litdlTMatheson (right) and Zachary Piepol of Maryland driving the Lxptorasauraßus, a multimedia theatre on wheels, created by Microsoft to familiarise the public with the educational and entertainment possibilities of bus is fitted with a screen in front which gives the illusion of movement. Reuter
        Reuter  -  49 words
      • Article
        Lock icon Citicorp is a favourite with US bank analysts
        411 20 NYT NEW YORK It has been a bleak time for American bank stocks. The banks are mostly doing fine, but investors worry that their revenue growth is slowing and margins are shrinking. The one exception is Citicorp. The United States' largest banking
        NYT  -  411 words
      • Article
        Lock icon MCI, Sprint map strategies for wireless phone network
        474 20 NYT WASHINGTON MCI Communications, America's second-largest long-distance carrier, has decided to go its own way in building a nationwide wireless-telephone network, rejecting any immediate alliance with the regional Bell companies, MCI executives said on Sunday. Meanwhile, Sprint Corp, the third-biggest long-distance company
        NYT  -  474 words
      • Article
        Lock icon Two tobacco firms merge to penetrate global market
        234 20 Bloomberg Business News WASHINGTON Dibrell Brothers Inc and Monk-Austin Inc, hoping to save money and grab more tobacco sales overseas, have said they will merge to create the world's secondlargest international leaf dealer. Under the merger plan, which needs shareholder approval, Dibrell
        Bloomberg Business News  -  234 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon KL banks expected to raise base lending rates by 0.5 point
        379 21 AFP Bernama KUALA LUMPUR Malaysian banks are set to raise base lending rates (BLR) to match the rising cost of funds after lending rates hit bottom early this month. The BLR is expected to rise by 0.5 percentage point
        AFP; Bernama  -  379 words
      • Article
        Lock icon Nod for China futures trading rules
        542 21 Bloomberg Business News BEIJING China's securities watchdog has approved a new set of rules for futures trading to stamp out widespread fraud, a senior official said. In China, "when you're talking about futures markets, you are really only providing some sort of gambling mechanism",
        Bloomberg Business News  -  542 words
      • Article, Illustration
        Lock icon Bankers cool to Hongkong railway notes
        484 21 Reuter HONGKONG Banks which make a market in Hongkong government securities have responded coolly to an invitation to play the same role in a proposed notes programme for the government's Mass Transit Railway Corp (MTRC), bankers said. "We have reservations, and I think everybody
        Reuter  -  484 words
      • Article
        Lock icon Chase arranging HK$1.5b term loan for HK's Kerry
        238 21 Reuter Bloomberg Business News HONGKONG Malaysian tycoon Robert Kuok's Hong-kong-based Kerry Holdings Ltd has asked Chase Manhattan Asia Ltd to arrange a HKSI.S billion (SS2BS million) syndicated loan. The term of the loan will last three years, extendable annually at the option
        Reuter; Bloomberg Business News  -  238 words
      • Article
        Lock icon Barclays says IT spending improves performance
        240 21 Reuter KUWAIT Barclays pic is spending a lot on information technology to improve risk management, retail services and operational flexibility and to cut costs, chairman Andrew Buxton said. "I doubt whether any international bank can face the future with any confidence at all unless
        Reuter  -  240 words
      • Article
        US regulator issues derivatives examination procedures for banks
        343 21 WASHINGTON A federal banking regulator has issued detailed examination procedures for monitoring derivatives trading and investing at national banks. The OlTice of the Comptroller of the Currency, a division of the Treasury Department, yesterday released a 93-page booklet of new examination procedures
        343 words
      • SMALLCHANGE
        • Article
          Lock icon Bank Buruh's new executive director
          60 21 Bernama KUALA LUMPUR Bank Bunih (Malaysia) Bhd yesterday announced the appointment of Nik Mohamad Amin Nik Abdul Majid as its executive director. In a statement, the bank said he would be responsible for spearheading the expansion plans of the bank. Mr Mohamad Amin, 41, was
          Bernama  -  60 words
        • Article
          Lock icon Call to open up Japan's finance sector
          92 21 Knight-Ridder TOKYO The head of the Japan's Federation of Economic Organisations (Keidanren) yesterday called for further financial deregulation, saying that otherwise Japan's financial industries might be weakened in the coming years, Kyodo News Service reported. Keidanren chairman Shoichiro Toyoda said interest rates and
          Knight-Ridder  -  92 words
        • Article
          Lock icon HK notes give 7.52% yield
          90 21 Knight-Ridder HONGKONG The Hongkong Exchange Fund's auction for three-year notes yesterday produced an average yield of 7.52 per cent, the Monetary Authority said in a statement. The HKSSOO million (5595.3 million) offering features a coupon rate of 7.25 per cent payable semi-annually, and the average
          Knight-Ridder  -  90 words
        • Article
          Lock icon China, India sign banking pact
          73 21 Reuter BEIJING The official China Daily newspaper yesterday hailed a memorandum of understanding on banking signed between India and China at the weekend, but gave few details of the pact. The agreement, signed on Saturday as part of a visit to Beijing by Indian Vice-President
          Reuter  -  73 words
      • Article
        Lock icon Malaysia calls for setting up of international cocoa body
        480 22 Reuter KUALA LUMPUR Malaysia, one of the world's key producers of cocoa, said yesterday there is an urgent need to set up an international body to coordinate global stock figures in order to avoid the manipulation of demand and supply data.
        Reuter  -  480 words
      • Article
        Lock icon Saudi official rules out rise in oil prices
        277 22 Bloomberg Business News KUWAIT The head of the Saudi central bank, Hamad Saud A 1 Sayyari, said he did not expect oil prices to rise in real terms in the near future. "The prevailing facts do not encourage optimism," Mr Sayyari, governor
        Bloomberg Business News  -  277 words
      • Article, Illustration
        Lock icon Minneapolis to trade in black tiger shrimp futures
        206 22 Bloomberg Business News MINNEAPOLIS The Minneapolis Grain Exchange said the United States Commodity Futures Commission has approved trading in black tiger shrimp futures starting on Nov 14. Exchange president James Lindau made the announcement yesterday while visiting trade officials in Thailand, the
        Bloomberg Business News  -  206 words
      • Article
        Lock icon China suspends rice, oils futures in bid to clean up market
        334 22 Bloomberg Business News BEIJING China has suspended futures trading in two staple foodstuffs in an effort to curb "excessive speculation" in the nascent markets, traders and the official media reported yesterday. Peng Yongqiang, deputy manager of the trading department
        Bloomberg Business News  -  334 words
      • Article
        Lock icon Refining investments may be hit as oil smuggling rises in Asia
        262 22 Reuter PHUKET, Thailand Oil smuggling in Asia is on the rise, posing a potential threat to billions of dollars in investments in new refineries, oil companies and analysts said on Sunday. From the Philippines to Thailand and China, oil
        Reuter  -  262 words
      • Article
        Lock icon Pipe rupture in Texas to underpin petrol prices
        232 22 Knight-Ridder NEW YORK US refined product prices are expected to be supported this week by the ongoing effects of a rupture on the Colonial petrol and distillate pipelines due to flooding in Texas, but more underlying fundamentals are supporting crude and product
        Knight-Ridder  -  232 words
      • Article
        Lock icon India's battered tea industry undergoes changes
        448 22 The Washington Post RANGAPARA, India DK Subba took a long, loud slurp, rolled the orange pekoe over his tongue and promptly spit a stream of coppery brown liquid into a metal can. "Prices are disastrous this year," said the manager of India's Empire Tea
        The Washington Post  -  448 words
      • Article
        Futures up on concern over petrol supply
        308 22 Bloomberg ENERGY REPORT LONDON Oil futures were boosted amid concern surrounding petrol shortages in the US Northeast after heavy floods ruptured two pipelines and closed several others in Texas last Thursday. Oil futures rose on the back of petrol, which surged to the
        308 words
      • Article
        Lock icon Currency Reports: London
        208 22 Bloomberg Business News LONDON The dollar was lower on the day against the mark and the yen in Europe as expectations faded that the Federal Reserve will intervene to prop up the US currency. The dollar fell to a post-war low against the yen and a twoyear
        Bloomberg Business News  -  208 words
      • Article
        Lock icon New York
        97 22 AFP NEW YORK The dollar was nearly unchanged against major currencies in quiet trading yesterday with little immediate reaction to President Bill Clinton's announcement that the budget gap had narrowed. Around 1345 GMT, the dollar was at 1.4998 marks up from 1.4995 Friday and 97.33 yen up from
        AFP  -  97 words
      • Article, Illustration
        Untitled
        1154 22 trade »ri*hted index cakvlaied against S'pore's lap 14 trading partners Base year mi US$/S$ forward rates Noon Oct 24 S$ Bid Offer 1-month 1-464$ ***** 2-month 1.4410 1.4470 3-month 1.4220 I 42M 6-month 1-3990 1 4050 Souar OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am m Oct 24
        1,154 words
    • COMMODITIES & FUTURES
      • Article
        JGB, Euroyen ease on weak fundamentals
        1294 23 SIMEX REPORT SINGAPORE Simex Japanese government bond (JGB) and Euroyen futures ended lower on weak fundamentals but Eurodollars futures closed little changed. Dealers said JGB futures were pressured by the dollar rebound against yen, supply concerns and a brighter Japanese economic outlook. The dollar
        1,294 words
      • Article
        Tokyo rubber lower in nervous trade
        672 23 COMMODITY REPORTS Rubber IOKYO: Rubber futures closed lower after an early drop in nervous trade. Prices ranged from 0.2 to 3.8 yen per kg lower. Benchmark March finished 2.4 down at 125.3. Traders are focusing on the expiry of the spot October contract today.
        672 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          China to harvest 347m tonnes of grain
          68 23 HONGKONG China expects to harvest 347 million tonnes of grain this autumn, bringing the total production to around 451 million for the whole year, the China Daily reported on Sunday. Grain output for this year is expected to decline roughly by five million
          68 words
        • Article
          Aussie wheat crop set at 8.7m tonnes
          56 23 SYDNEY The Australian Wheat Board yesterday put its official estimate of the 1994-95 (JulyJune) wheat crop at 8.7 million tonnes. The figure is below its previous official estimate of 9.4 million tonnes, but slightly above unofficial talk last week that AWB officials expected
          56 words
        • Article
          Talks on zinc treatment charges
          95 23 TOKYO Industry projections of falling zinc production and rising consumption in 1995 are being cited by both sides in talks now underway on next year's treatment and refining charges at Japanese smelters. Treatment and refining charges are fees paid to smelters by miners to have
          95 words
        • Article
          No rush to buy US corn
          82 23 TOKYO A re-tender for US com may emerge from South Korea this week, but overall Asian demand is expected to be somewhat subdued, regional traders said. South Korea's corn demand continues, but rising US offers may slow buying this week. "Some of the nation's
          82 words
    • Article
      COMMODITY PRICES
      1434 23 Rubber Oct 24 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pm) Buyers Setters As at 12 noon (S cents/kg) RSS 1 Contract <S cents/kg) 7T~" RSS 2 Nov 94 200 00 20I 00N u .h u RSS 3 Nov 94 199.00 200.00N Month High Low Sett
      1,434 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1107 24 +2.8 INVESTORS cautiously welcomed an official interest rate hike yesterday and pushed share prices slightly higher. The key All Ordinaries Index opened 7.3 points higher but closed at 2,037.4, just 2.8 points above Friday's finish. The All Industrials Index finished 0.3 weaker at 2,867.0 while the All Resources Index
        1,107 words
      • Article
        Manila
        562 24 +28.35 Share prices surged past the 3,100-point level yesterday on strong buying of Petron Corp in anticipation that government regulators would allow oil refiners higher profit margins. The PSE Index closed at 3,113.15 points, 28.35 over its previous close. Turnover was 2.95 billion shares valued at 1.82 billion pesos.
        562 words
      • Article
        Taipei
        547 24 -28.57 Stocks scored modest losses in light trading on a wait-and-see sentiment, with pulp and paper shares and foods suffering a 1.8 per cent dip. The 387-issue Weighted Price Index lost 28.57 points to finish at 6,742.39. Turnover was 151 billion shares worth NT562.9 billion. "As the market was
        547 words
      • Article
        Seoul
        441 24 -7.75 Share prices continued to slide yesterday with skittish players taking a wait-and-see attitude in the absence of fresh incentives. The Composite Price Index shed 7.75 points to close at 1,081.15, but turnover was still heavy with 47 million shares valued at 1.11 trillion won changing hands. Declines outweighed
        441 words
      • Article
        Bombay
        183 24 +22.73 Share prices closed slightly higher on select buying mainly in cash shares by individual investors in a low volume market. The BSE 30-share Index gained 22.73 points to close at 4,333.25. The 100-share National Index gained 12.37 to 2,049.38. Brokers said the volumes were low as the big
        183 words
      • Article
        Untitled
        185 24 New Zealand Oct 21 NZ +T- v5~ ANZ Banking 4.60 und) 2000 Advantages H >og$ 1.60 -005 47SOO Air No* Zealand (A) 3.65 0.05 606)7 Air New Zealand (B) 4 15 -0 05 11 WOO Bayoorp 1.20 -005 ***** Bnaky Inv 1.27 -001 *****31 Carter Ho* 1.7* 0.01 *****5 Cavalier
        185 words
    • WORLD STOCK MARKETS
      • Article
        London
        752 24 -3.7 SHARES ended slightly down, giving up early gains as relief over a steadier dollar proved short-lived when it came under pressure late in the session. The FTSE-100 ended down 3.7 points at 3,029.1 after a morning high of 3,052.2 points. Traders said the mood was uncertain, with the
        752 words
      • Article
        Paris
        139 24 -0.50 French shares ended the day softer after having held onto quiet sharp opening gains for most of the day. A weaker start on Wall Street was the main culprit behind the late slide as technical support in the morning eroded. The CAC-40 Index closed down 0.50 points at
        139 words
      • Article
        Frankfurt
        173 24 +3.16 German shares ended slightly firmer yesterday. Overall sentiment tended to be positive but traders nonetheless were split on the next direction for the market. The DAX Index ended up 3.16 points at 2,025.38. The lower annual inflation of 2.6 per cent in Ba-den-Wuerttem berg, relative dollar stability and
        173 words
      • Article
        Milan
        128 24 126 Italian shares gained ground in a technical rebound after recent falls, traders said, with steady or higher levels on other European bourses sustaining Milan's rise. But volumes were very low as investors remain well clear of the market and most activity is among traders, operators said. The Mibtel
        128 words
      • Article
        Amsterdam
        238 24 1.48 Dutch shares ended marginally higher supported by a combination of the dollar's recovery from last week's lows and short covering ahead of third quarter results that start on Thursday with US Shell oil reporting. The AEX Index finished up 1.48 at 401.33 points. Chartists said the market is
        238 words
      • Article
        Stockholm
        134 24 +0.08 Swedish shares closed the day mixed and flat after showing early strength. Brokers said the initial rise was an over-reaction, despite lower debt rates. 'There is really no main reason to the shift other than the bourse is lacking strength to push higher and probably people want to
        134 words
      • Article
        Zurich
        204 24 16.6 Swiss shares ended higher on moderate volume in a market which saw little buying interest by investors and retail clients. The broad SPI Index ended up 9,14 points at 1,673,32. The blue chip SMI Index of 23 stocks closed up 16.6 at 2,625.2. Zurich Oct 24 Fiw" Muxjiue
        204 words
      • Article
        Brussels
        182 24 1.27 Belgian shares closed fractionally higher after a dull session, with traders seeing little upward potential in the short term. The low trading volume and persistent dollar weakness left the market vulnerable, they added. "Unless there's a surprise rate move, I see little upward potential for Belgian shares," one
        182 words
      • Article
        Johannesburg
        311 24 -21 South African shares finished generally lower yesterday alter the recent firmer trend ran out of steam, dealers said, although underlying sentiment remained steady. "We have seen a weakish market today," a dealer said, "but there have been buyers at the lows in industrials. We should see the situation
        311 words
      • Article
        Toronto
        241 24 Stocks moved up in listless early dealings and traders said October jitters are still keeping players hesitant. "The market's very quiet this morning. We're pretty sideways," said one dealer. "People are still nervous it's still October." The TSE-300 Composite Index added 4.77 points to 4,289.90 with 6.5/ million shares
        241 words
      • Article
        New York
        696 24 14.13 The Dow Jones Industrial Average, which fell 19.85 points on Friday, was ahead 14.13 points to 3,905.43 at 1 lam EDT. The key barometer was off 2.02 shortly after the market opened. The NYSE Composite Index was ahead 0.43 to 256.02, while Standard Poors 500-stock index was
        696 words
      • Article
        Untitled
        696 24 Britannia Funds Sterling Cash BM Offer M.m Ca5 Dn»l M MOO 31 6500 Mim Jenet GiH 0.II93 0 1992 M.m Max Income *0.9000 *0 MOO USS Cssk Income Phn Fund 9 6400 10 1600 PS S Rncrvc Fund 5.3200 J 3300 045,2 0 4,3. Fir East Fund __.-2.7650 *2 9730
        696 words
    • Article, Illustration
      Lock icon HONGKONG
      2862 25 Bloomberg Business News HONGKONG Stocks rebounded on remarks by a Chinese official about a possible agreement to finance Hongkong's new airport, traders said. The Hang Seng Index closed up 25.70 points 9,364.29. The broader All Ordinaries Index closed up 9.74 4684.45. Guo Feng-min, outgoing head of the Chinese side
      Bloomberg Business News; Source: Bridge Info  -  2,862 words
    • Article, Illustration
      Lock icon CHINA
      538 25 CLSA THE A markets had a good day: Shanghai ended up 10.8 per cent and Shenzhen increased 6.8 per cent on rumours that three foreign joint venture funds would be set up soon. Investors were inspired further by a decision to improve information disclosure. Information from a press conference
      CLSA  -  538 words
    • Article, Illustration
      Lock icon TOKYO
      2495 25 Reuter TOKYO Stocks ended a little weaker in sleepy trade amid very light turnover. Although the yen took a breather after Friday's surge against the dollar, investors remained cautious about trading shares and only a handful of speculative issues moved on dealer buying, brokers said. "The listing of Japan
      Reuter; Source: Bridge Info  -  2,495 words
    • Article, Illustration
      Lock icon JAKARTA
      1088 25 Reuter JAKARTA Share prices closed lower in moderate trading with a number of big stocks such as Indosat coming under pressure, brokers said. "Overall, the market was a bit soft. Foreign investors were fairly stable but locals panicked a little with some overseas markets closing down," one broker said.
      Reuter; Source: Bridge Info  -  1,088 words
    • Article
      CLOB INTERNATIONAL
      2092 26 11 «iwa m MOST MnNt vwBI^— FACB 50t <?8° 000 KL Indus!no 4,111,000 Idns Hyd 50c 3,538,000 MBf Capital 2.762.000 Pegi MsaT. 2.537,000 Beqaya hid 1,941,000 Pronil 1.665.000 Landmarks Bhd .644,000 Bcqaya Group 1,490.000 Mulpha Inil 50c 1.472.000 Bcrjaya L W|99 1 .442.000 Araal Stcd 50c 1.401,000 Saleras
      2,092 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks fall for second day on budget pessimism
        4441 26 Bloomberg Business News KUALA LUMPUR Stocks fell for a second day as comments by the Deputy Prime Minister last week continued to dampen expectations for tax breaks in a new federal budget due on Friday. "I don't think it's going to be
        Bloomberg Business News; Source: Bridge Info  -  4,441 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8014 27 Cr Cr M Wl ItM Last Vol D«) LaU Quoit On Di» VM Net Cam *1 Hi(k Low Company Sak ('000) lltgh Lew Buyer Seller Cn P'E imU Prke INDUSTRIAL AND COMMERCIAL 1440 835 ml s Vnu 1140 unch 317 1160 1100 1130 1140 175 4.7 IS 18 2 785
        8,014 words
      • Article, Illustration
        Lock icon Hotel, property, finance stocks lead trading on slow day
        1891 28  -  By Quak Hiang Whai SINGAPORE Share prices closed mixed with Singapore stocks chalking up good gains while declines outnumbered advances on Clob. Trading volumes were low, with only 153.5 million shares worth $444.5 million changing hands on the combined market. The
        Charts by Bridge Info; Source: Bloomberg  -  1,891 words
  • Page 17 Advertisements
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      315 17 NEWS VALUE Condo rents slip 3 to 5% in 2nd qtr (pg 1) Continued rise in residential property prices not supported by rental increases. Non-oil domestic export growth eases in third quarter (pg 2) Strong but in line with expectations. Mieno: recovery underpinned by consumers, rising exports (pg 5) Yet
      315 words
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      326 18 M HOW MANAGING DIRECTORS If |1 NOT TRAVELLING W ON COMPANY EXPENSES. M W AMERICA vSj tesbi Motorcoach Tours jQ ■■91 Western Panorama 7D/6N US$ 52 Western Trails 7D/6N from US$ 504 Western Vistas 7D/6N from USS 611 jp3j| Florida Sunshine BD/7N from USS 418 W Silverado Trails BD/7N A'*
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      44 19 LOWER IDD RATES TO SOUTH KOREA WILL DO YOUR SOUL GOOD. A one-minute call to South Korea, at Standard P™J m Singapore IDD rates, is only $2.40* So give someone a call. Telecom You'll be surprise how good you'll feel. 'GSTapp es Servtcef>rs; Al.vays
      44 words
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      Page 19 Advertisements Column 2
      236 19 For your support in the past, Mulberry will help plan your future. JUNE f THURSDAY 8 FRIDAY 91 Saturday" 10 j '.fey y:'V- -V'- 'T <j f. 8 •<f ••> -v ;v 7 J i <j v ft j I 10* 1 §81 Sl6 1 16 I I i 17
      236 words
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      800 20 HESHE HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF THE COMPANY NOTICE IS HEREBY GIVEN that at the Extraordinary General Meeting of the Shareholders of the Company to be held at 11.00 am on 9 November 1994 at 80 Raffles Place
      800 words
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      Page 20 Advertisements Column 2
      146 20 Btnn|i^smHS TOLL-FREE TEL No 1-800-741-1883 FAX 741-1298 NOTICE NOTICE IS HEREBY GIVEN that, I LIM HAI CHENG of 32 Jalan Rukam Singapore 2057, have applied for a Beer House Second Class Licence in respect of premises at M/s Super Bites Pte Ltd at No. 2 Raffles Link, #01-15 Singapore 0103,
      146 words
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      Page 20 Advertisements Column 3
      66 20 You can do so many things with the help of The Straits Times Classified, like: Buy a home Find a job Get a car Rentacar Sell your bicycle Hire a painter Puchase a washing machine Locate your lost pet Announce a birth Make an investment Hire a maid Start a
      66 words
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      Page 20 Advertisements Column 4
      340 20 M THE MATTER Of THE COMPAMES ACT, CAP 50 SHUN U TRADING PTE LTD flnVofcntvy UquM*") At an Extraordinary General Meeting oI the member* d SHUN LI TRADNG PTE LTD duly convened end held at 6001 Beech Rood. #14-01 Golden Mile Tower. Snoapora 0719 on the 19 day of Goober
      340 words
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      Page 21 Advertisements Column 1
      981 21 It's an infectious disease, it's like porno, it's..., Pg 15 A The Mitsubishi Bank, Limited Incorporated in Japan with Limited Liability CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF INCOME MARCH 31,1994 AND 1993 FOR THE YEARS ENDED MARCH 31,1994 AND 1993 1904 1903 1994 1993 (In millions) (In millions) (In millions)
      981 words
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      50 22 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on i 1800-749-2577, and ask for home or office delivery service.
      50 words
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      28 23 Find a new owner for your apartment Make a move to sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad. CATS.
      28 words
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      Page 23 Advertisements Column 2
      37 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. f JUST CALL 1800-737-1166 Business heats up when you make the call and place an ad. CATS.
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      Page 24 Advertisements Column 1
      84 24 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result offifteen handcrafted operations which create a unique personality The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers a
      84 words
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      57 25 HWrth over jplnillion cards honoured at over 12 millioifjestablishments, MasterCard puts the whole world in your hands. Ami it gives you easy access to cash at 380,000 bank J HI Bo The Bangkok stock market was closed yesterday for a public holiday PLAY SMART Be part of the good life.
      57 words
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      40 27 over cords honoured over 12 rrtfa, est.Mshm.nh, puts the whole wodi .h youEomk. And jives you «sg, m m Wr P STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets Everyday. BusinessEmes
      40 words
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      466 28 BUSINESS T I M_E_§: TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE 1 COMPAMES ACT, CAP SO AND X THE MATTER OF PTE LTD (In Man bars' Voluntary Liquidation) MOnCEOFFMAI MFFT-Q NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50. that a Final
      466 words
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      Page 28 Advertisements Column 2
      176 28 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF CRESTEC SINGAPORE PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN in pursuance of Section 308(1) of the Companies Act, Cap. 50 that a final general meeting of the abovementioned company will be held at 340
      176 words
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      Page 28 Advertisements Column 3
      499 28 IN THE MATTES OF THE COMPANIES ACT. CAP. 5# AND IN THE MATTES OF SPRING DEER PEKING RESTAURANT PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 29*2) At u Extraordinary General Meeting of the member! of the abovenamed Company duly convened and held at
      499 words
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      Page 28 Advertisements Column 4
      363 28 NOTICE NOTICE IS HEREBY GIVEN that, I Lim Boon Kim of Block 313, Jurong East St. 32 #02-217 Singapore 2260, have applied for a Public House Ist Class Licence in respect of premises at M/s PUB 43 at 43, Temple Street Singapore 0105, and that this application will be considered
      363 words
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  • ShippingTimes
    • Article
      FASC to include shippers' bodies from East Asia
      379 29  -  By Alec Almazan SINGAPORE Members of the Federation of Asean Shippers Councils (FASC) have agreed to transform the group into an expanded body called the East Asian Shippers' Council. The federation has decided to adopt a proposal from the Singapore National Shippers
      379 words
    • Article
      Lock icon Charterers invade US petrol market
      346 29 KnightRidder NEW YORK The US petrol market caught fire as charterers moved onto the market last Friday and took American flag ships to lift early November cargoes from the US Gulf to the US Atlantic coast, brokers said. Amoco took an Americanflag barge for three
      Knight- Ridder  -  346 words
    • Article
      London brokers to help shipowners on US rules
      477 29 HONGKONG London insurance brokers Willis Corroon and Sedgwick Marine have launched a joint surety bond initiative for shipowners who need Certificates of Financial Responsibility (COFRs) for their vessels to enter US waters, said a South China Morning Post report. Details of the
      477 words
    • Article
      Lock icon 15 still missing after oil tanker sank off Hongkong
      136 29 AFP HONGKONG Fifteen seamen remained missing on Sunday as search efforts continued in the South China Sea following the loss of a Maltese-regis-tered oil tanker in a late-season tropical storm. Hongkong's search and rescue centre, which was coordinating the effort, said
      AFP  -  136 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      758 29 Page Col Accord Group 8 1-3 Ahlers Lines 13 5 Ahrenkiel Liner 4 1/2 •APL 5 4/5 •Appenship 4 4/5 •ANL 3 1/2 •ASCL 5 5 Astro Shpg 12 I Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line, The 9
      758 words
    • Article, Illustration
      Lock icon US Coast Guard in frantic fight to clear oil spill from broken pipelines
      598 29 AP HOUSTON The Coast Guard worked against a strong current on Sunday to clean up more than a million gallons (3.5 million litres) of oil and petrol that gushed from pipelines ruptured by flood waters. One of
      AP; Reuter  -  598 words
    • Article
      DAILY FREIGHTS
      1853 30 THE short-term outlook remained firm for most sizes on the freight market with the week ending on a buoyant note for Panamax. capesize and handymax bulk carriers, brokers said. Trading began slowly this week in what some described as a "market catching breath" and others as charterers trying
      1,853 words
    • Article
      THE SHIPPING GUIDE
      13680 38 This is a list of ships loading at Preside Singapore for ports around the Line/C world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated Line dates of arrival and departure from the Port of Singapore. Califoi LEGEND PN: ship
      13,680 words
    • Article
      SHIPPING AGENTS
      3339 43 A ISBt Containerline NV: Belsin Shpg Agencies Pte Ltd (SV Marine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service Kim Shpg Trdg(S). Albatros Sea-Air Semite: Frata Shpg Pte Ltd
      3,339 words
    • Article
      COURIER SERVICES
      274 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898 Air Exprevs Ira»el Td: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. A IS Nunnlies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Cit)-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services
      274 words
    • Article
      AIR FORWARDERS
      1516 43 Abex Ktprtn Freight Td: 542-7171. Fa*: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fa*: *****20. Aeroiink Freight International Tel: 545-8033 Fa*: *****05 Aerospeed Tel: 542-5911. Fa*: *****18. Air Cargo Novo Express Tel: 542-5454 Fa*: *****06. Air Express International Tel 542-7666 Fa*: *****74. *****50. Air
      1,516 words
    • Article
      PORT CONDITIONS
      2477 44 ALBANIA Durres: Three vessels in port dis- charging of which 2 diesel oil, I bagged potatoes, vessels waiting in roads awaiting berth: 2 diesel oil, I bagged cement. ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San lorenzo: Six vessels berthed of
      2,477 words
    • Article
      CRUISE & FERRY SCHEDULES
      485 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA EID Ports of Calls Fort Agent telephone No OCTOBER 25 25 Dclfin Star 1000 2100 Malacca Harpers Shipping 221-1388 25 25 Leisure World 1300 2015 Jakarta New Century Tours Corp 227-8284 25 25 Langkapuri Star 1800 2200 Pcnang Jardinc
      485 words
    • Article
      Lock icon SHIP SALES
      827 44 The information was contributed by Simpson Spence Young. AT the risk of repeating ourselves, it is apparent that the firm mood in the dry bulk market is still the main driving torce. with fresh sales of panamax/handy/handymax bulkers to report. The sale of the craned panamax bulker Fortuna
      The information was contributed by Simpson Spence & Young.  -  827 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        634 45 Vru4 Voy W» Berth k*nt Departure Vewel Voy Wo Berth Arrival Departure Jurong Port Brasta« 1 A42/94 P03 25 10/1500 2510/2300 A«ane 115/16 atongside 2510/0800 Caraka JN330 06£ P03 24 10/1400 25 JO/1800 Batam Bahaea 10/03/94 110 atongside 25 10/2300 Champ Track* 41 P04 25 10/1900 27
        634 words
      • Article
        CONTAINER SCHEDULES
        1156 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rdts Ship »oy No Etb/Btr Period From To From to swan 141A 26/1500 1A 24/1500 24/1659 24/1900 4 25/1200 25/1459 25/1/00 to Violet 040A 25/2300 1A 24/1500 24/1659 24/1900 28
        1,156 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        476 45 Cartoon Cift>or Oct 20 Dcnaty Wat« K endue Mi NmMud Sedhnent P—*T Nat« Readm Art Mimrnn M/M tM/N Loot KG/NT3 V/V M/M M/M PFM method ¥/V M/M M/M FN method Eastern USA 180 A»e 984 0.2 131 009 15. 002 BO/Onac Ijiits Spec £25 991 1.0
        476 words
      • Article
        COCKETT BUNKER MARKET REPORT
        759 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        759 words
    • Article, Illustration
      Lock icon Satellite technology for work under the sea
      1445 46 Ships which repair undersea cables have to rely on satellite communication to prevent the direst of accidents Ocean Voice IT IS perhaps ironic that vessels which lay and repair undersea cables carrying transatlantic telephone and data messages should have a vital operational need
      Ocean Voice  -  1,445 words
    • Article
      Lock icon Flying start for Russian cargo carrier
      1008 47 Volga-Denepr Airlines, just three years old, has recently won permission to start flights to two prize destinations: the US and China UPI IN A Russian heartland region slow to embrace reform, a young cargo airline has its sights set on taking air freight business
      UPI  -  1,008 words
    • AIR AND LAND TRANSPORT NEWS
      • Article, Illustration
        B777 likely to get US aviation body certification next April
        308 48  -  By Rahita Elias SINGAPORE US aircraft manufacturer Boeing's newest long-haul jet, the 8777, is likely to complete tests and achieve US Federal Aviation Administration certification in April next year. And leading US carrier .United Airlines will take deliver of its
        308 words
      • Article
        Lock icon Japan refuses 'beyond rights' to Northwest, Fedex
        374 48 Reuter TOKYO Japan's Transport Ministry has unofficially told Northwest Airlines lnc and Federal Express Corp that it will allow them no more routes to Asian destinations via Japan, a ministry official said. But it has unofficially informed UAL Corp's United Airlines and Continental
        Reuter  -  374 words
      • Article
        Lock icon Rolls-Royce hopes to supply Trent engines to SIA
        394 48 FT LONDON Rolls-Royce, the UK aero-engine manufacturer, has emerged in pole position to supply its new large Trent engines for the latest stage in the multi-billion-dollar tleet expansion and renewal programme of Singapore Airlines (SIA). The potential engine order worth US$2OO million
        FT  -  394 words
      • Article
        Lock icon Ramos backs privatising air traffic control
        128 48 AFP MANILA Air traffic control in the Philippines should be put into private hands to improve aviation safety and increase benefits, President Fidel Ramos said yesterday. Air traffic is now policed by the Air Transportation Office (ATO), an agency under the Transportation and Communication
        AFP  -  128 words
      • LOGBOOK
        • Article
          TNT receives marketing award
          101 48 SINGAPORE TNT Express Worldwide was recently given a Leader Award by the American Direct Marketing Association during its 1994 International ECHO Awards held in San Francisco. TNT won in the transportation, communication and utilities category for its direct marketing campaign in the Philippines which resulted in
          101 words
        • Article
          Merpati starts daily service to S'pore
          75 48 SINGAPORE Indonesian domestic carrier Merpati Nusantara Airlines started its daily service to Singapore from Bandung with the touch down of a Fokker-28 at Changi Airport yesterday. The 80-seater aircraft left on the same day for Bandung. Merpati has been operating three weekly services each
          75 words
        • Article
          Lock icon Garuda to increase Jakarta-LA flights
          57 48 AFP JAKARTA The Indonesian flag carrier Garuda is to increase its flight services between Jakarta and Los Angeles starting this week, the Antara news agency said here on Sunday. Antara quoted Garuda as saying that the airline would add one flight to its current four
          AFP  -  57 words
        • Article
          Lock icon Matsushita gets TV order from Russia
          66 48 Bloomberg Business News TOKYO Matsushita Electric Industrial Co has received its first large-lot order for colour televisions from a major Russian distributor, according to a Tokyo financial wire report, citing Japan Industrial Journal. The leading Japanese consumer electronics manufacturer will ship up to 200,000
          Bloomberg Business News  -  66 words
        • Article
          Lock icon Aussie air force jets collide
          93 48 Reuter SYDNEY Two Australian Air Force Macchi jet trainers collided in midair yesterday near the town of Bulahdelah, 200 km north of Sydney, but the two pilots ejected safely, police and air force officials said. "The two pilots have been found in an area near
          Reuter  -  93 words
      • Article
        Lock icon Japan teams up with Europe to build transport spacecraft
        413 48 NYT TOKYO Japan will cooperate with European Space Agency officials to jointly develop a spacecraft to transport experimental equipment and supplies to the planned multinational space station, the Science and Technology Agency said yesterday. The objective of building the one-shot capsule-shaped
        NYT  -  413 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1337 48 Crtj FH* ro rtx OL Abu Dbabi GA892 0255 GA822 1936 GA974 2350 Adelatda i. Amsterdam GA893 1510 KL844 0135 KL837 1550 GA892 0255 ***** 2355 Attmw SQ348 2250 Auckland NZ73 1550 SQ288 2045 SQ286 2040 NZ74 2340 Bahrain 1. BiHhpipin B S«ri hfMM BW21 n05
        1,337 words
      • Article
        Lock icon VW eases Czech concern over cuts in Skoda output
        449 48 FT FRANKFURT Volkswagen, the German motor group, has moved to calm Czech anger over the scaling down of its production targets for the Skoda car maker by promising to meet some of the Prague government's objections. VW and the Czech government
        FT  -  449 words
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      15 29 (WESTFALIA\ SEPARATOR J Always on Course FOR SERVICE AND SPARE PARTS SUPPLY, PLEASE CALL ?0900@0@
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      27 29 Lines and services represented by Members of the Registry of Accredited f?B§BN Shipping Agents, Singapore National vXsZßf] Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      27 words
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      Page 29 Advertisements Column 3
      61 29 Zv^TM+Rf M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: O@o@O@O Satellite technology for cable repair work under the sea, Page 18 Flying start for Russian cargo carrier, Page 19 Bill likely to get US aviation body certification next April, Back Page HIGH STAKES Don't get shortchanged, go for
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      1322 30 Chloe tor iio j monms uaums, iw |W k k vA| i| nM2j^n^f|yyiii|yybayy9ic||fi|flifiUiKu^H^||i73n2^^^^^|iM|^^^^ IMPQiiT—» I iHQBfTW AWBPWAI I QTHEP PK»T|NAT]gHU I r _..y j nj.af inirni jithiiwca tiffttri H —iQAwmt cal»q«hia bxhwm (wwcr i*ow ttiit Win I] <>m T? »f *T Wf TWW d i m «NT« IMYAPAUMAI paranacm sga/wo
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      1893 31 AAOI iev .Tn ,aopiiwc ftuiDPiMA AriFNCIES JARDINE SHIPPING AGENCIES SDN. BHD. r OA po,NT S,NG PO,,E ESS""** SS s r" CFS 56M SSc N U U U "NT«T,ON ;i; SS?„NW»RDW«O39O ,OUTWARD, «H TEL: ******4 FAX: CUSTOMER SERVICE TEL: *****92/***** JOHOR BAHRU TEL: 02-07-*****/0 FAX: 02-07-*****99 Dedicated to Quality Service SSSS£KS
      1,893 words
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      Page 31 Advertisements Column 2
      1686 31 mumssassm WEEKLY TO MEXICO CITY IN JUST 23 DAYS AXEL MAERSK V 9418 ETA SIN 26TH OCTOBER 94 Vessel Voy ETA ETO DESTINATIONS Ne»t week MAJESTIC MAERSK V 9410 cv 01/*****0 hrs CFS 31/10 2359 MRS OAK LGB SFO MEM ATL MIA CMS BAL PML NYC TOR MAJESTIC MAERSK 9410
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      786 32 RtJAM ti SOUTH- PORT T 1 VOVNO HAMBURG ANTWERP HAVRE AMPTON KELANO SPORE HKQ KAO TVO SMI KOe NAG 37/239 27/9 29/» 1/10 20/10 21/10 25/10 27/10 3/11 30/11 31/ M 1/11 T STUTTGART EXP i7T5~~ »/"> ™21 27/10 KIRISHtMA 06/240 4/10 8/10 »"<> 27/10 /t0 3"' 7/ DRESDEN EXPRESS
      786 words
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      Page 32 Advertisements Column 2
      522 32 0m s it Spore P. Kelang Loading for I FORUM WINO 11/10 Rdm/Atw/UK/Nantes I KAPITAN SOROKA 27/10 31/10 Rdm/Atw/UK/Nantes I 'Loads E./W. Malaysia, Indonesia V Loading for V I SINGA SUN Jeddah/Dubai/Bahrain/Damman I PAN CRYSTAL Dubai/Bahrain/Damman/Kuwait I Loads Singapore, E./W. Malaysia. Indonesia I Loading for I STAR MAN Los Angeles/New
      522 words
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      Page 32 Advertisements Column 3
      1265 32 NORASIA BCL VAL HAM BRE ROT ANT FEL LHA I NORASIA Al MUNI A/AH 9442 3 21/10 20/11 25/11 2C/11 24/11 »/ll 26/11 27/11 27/U 29/11 I SI VM.UE 443W 07/11 27/U 30/11 01/12 30/11 01/12 01/12 02/12 02/12 03/12 I NORASIA MALTA 9444 3 09/11 29/11 02/12 03/12 03/12
      1,265 words
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      1353 33 Hf STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppol Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE jaCB P (A SERVICE OF CHINA NAVIGATION CO) cargo" out SAILS MERU6I Vl3€ KK. Skan. law 24-25 <kl 25 Ott 27 Oct FCL, LCL CONT AINE R and
      1,353 words
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      2225 33 Singapore Agent: 1 I A||r#l I ttptic P&O Containers (Singapore Agencies) Pte Ltd 9 10 Hoe Chiang Koad. #07-01 kcppel Towers. Singapore 0208 First Class Connections WORLDWIDE Sr* PNOCSP F I: 225 5327/222 7517 EXPORT IMPORT _lT VESSEL WOV -PNG 'KQ SIN SOU ZEE HOT HAM OOT SHE LEM VESSEL
      2,225 words
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      1108 33 > AMERICAN PRESIDENT LINES, LTD. 19 KEPPCI ROAD *02-01 IIT POM BUUHNC SINGAPORE 0208 TEL: 225-9906 Fan: 321-4922 ALSO OFFERING SERVICE TO/FROM •PRC 'CIS 'VIETNAM 'EAST RUSSIA 'CARIBBEAN 'LATIN AMERICA 'EAST MEDITERRANEAN CALL 225-1-225 FOR BOOKING OR ENQUIRY i TO NORTH AMERICA CANADA WEEKLY CONTAINERIZED SERVICE ws«l wmg Iwlnu| mi
      1,108 words
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      582 34 I "bp V QEH€RAL AGENT C R NO: 11«27« 1-***** ibX EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****09 SALES REPRESENTATIVES IN CHARGE nacWMMMCIH I WQM I HAHOPHOHK/PtCT I KMYIM I IIH4 TTTHW/M4IW4 J I mlw cham HMH iwimftnim mahsu anwa limm I ..ami— I nam Irw—l I >
      582 words
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      Page 34 Advertisements Column 2
      813 34 (2) HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 I SALES TEL:- *****30-233 TEL. *****71-275 mm IH HMA. ®A Y* m 1471 ttWUIWOOK "/12 "12 *4/12 I! HMUH SEATTLE 03X 28/10 O«£CT 17/U 14/11 19/11 HWUN J/|| H. fKKKSS 41K 4/12 J/12 11/12 i KAMM FELIXSTOWE #231 4/11 (MKCY 24/11
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      Page 34 Advertisements Column 3
      74 34 CHAHAYA SHIPPING ft liwjj"®, «J. T«fc *****13 (6 Llnw) Fa*: »»17e« SSvJces VIETNAM. BANGKOK. INDONESIA SERVICES wsai IT* no mmu^ouiumg S*A WN.E W/10 «i«Vi CMMMTA KMT) 27/10 2S/JJ Sf.y.li WME MM JS/M MAC* M SM »/>• *{5525 NOtTH STM 10/10 31/10 BMWW c fuTL SSSSUSmSI 'l ßtwo L g ETOJAI<AWTA
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      Page 34 Advertisements Column 4
      1364 34 |j _J rjmm IpuuTKCMwutw *1 oa m no IB m mcim Hwi»iKnaim I BMT HMI 14/11 74/10 N/14 1/11 4/11 1/11 1/11 1/11 M/ll 11/11 12/11 21/11 4/12 1/12 1/U I*/I2 24/12 21/12 22/12 21/U 2/1 12/1 14/1 !»/> c cunrr k«i 31/14 2/11 4/11 »/n 11/1114/11 is/11 14/11 w/1111/11
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      1959 35 ftUXlippillg A. IIUL3) M. UtaUIIJ VVIVUVI WW II II sex: 'CALIFORNIA LUNA 69' eta sgp 26/10/94 II II II ARRIVING LOS ANGELES 12/11/94 IN 16 DAYS II II AEX:'NEPTUNE PEARL 17E'ETA SGP 28/10/94 HI II II ARRIVING NEW YORK 21/11/94 IN 23 DAYS I autf M/PWtST usee C4W4P4 I I
      1,959 words
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      Page 35 Advertisements Column 2
      1046 35 A I MULTILINE SHIPPING PTE LTD V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 I BOOKINGS: *****64, *****51, *****31, *****13 V BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 k A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****87 INVENTORY:
      1,046 words
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      1090 36 AS AGENTS: "I" UNI (SINGAPORE) PTE LTD (CX NO: 1244I*****0M/GST REG NO: M2-*****W-6) K*» TEL: *****77 TELEX: KAWAKI RS***** FAX: *****16/7/8/9 V V MALAYSIA "K" LINE NAJUTtMl (MALAYSIA) SON IN0 Wf m TEL: SA *****00 PK *****75 PEN *****20 JB *****01 PGU *****25/6 A Jfc X INDONESIA: P.T. SARANA LAUTINTUNUSA,
      1,090 words
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      Page 36 Advertisements Column 2
      1127 36 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS~3HUTTLE SERVICE 1 PORT KLANG/BELAWAN PENAHG/PASIR GUDANG VESSEL Iw I m m BIW VESSEL VOY aw FEU rau PIRKASA 68N 25/10 (TUE) 26/10 (KID) XOUR WYA ***** 24/10 (MOW) 26/10 (IttD) MCC CONVEYOR 4K43 25/10 (TUE) 27/10 (THU)
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      816 37 fasgflH PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building, Singapore 0106. jl SSSSSSS&mt OR NO **********0 C I r :r''- 7 I t VCUCL VOY SIN CMS J» HOO JED AOJ PZU MSW ABA ADE KOTA WUAYA WJA47B 28/10 2/11 «/11 I®/11 Wll 2KJI ?,Vi S£2 I
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      Page 37 Advertisements Column 2
      930 37 Ignao ww im HAVW HAMKRC THM»S mttmpw MOWCTP VtLE 01 KU M 20/10 17/11 I>/u W/tl 21/11 M/H WUi K KIX VOSM 03/11 25/11 /U M/tl a/l 1 01/12 Will DC lITMM TOON 00/11 30/11 tl/12 03/12 04/12 /1? VtlE H IUCAIW WWW 01/12 M/ 10/12 11/ li/tI •Also AC
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      Page 37 Advertisements Column 3
      568 37 BSA A. MYANMA nA FIVE STAR LINE (Myanmar National Line) Loading for Yanfon (Ranfoon) Sport P.Kl| fen P.Gdf PAGAN V2I4W 30/02 Nov MPAAN V2OOW 4/0 Ite* PAGAN Y2ISW 15/17 Ho* i MALAYS* UMTS SOUS TIM) SMPPMC AGENCES KUL: TU 03 *****00 PKL TEI 03 XUW Pot TEL 04.(1(13S PCD: TEL
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      1598 40 age 16 mmmMi ClScaA i,-..^. I TFiiqm 11 r fti II if If r T cKSwTsw (A: 4MSM2 OptrrilM C«rta<Mr *****1S I i%i|CTID CUIDDIUi? ATr ■vn fw fCimrift UCIIM Cwflfc<r 5/1 D O *****1$ CmMMMMfc 4205/4# I COSTM SHIPPING PTE LTD ruiTJMJS cos*l* c«m«■"»'■■»; jtosmso _>*»T4ZOS/$e *jus; w I war
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      Page 40 Advertisements Column 2
      742 40 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUNO PKI WW BH SW HEG *A 0 TAI *ft *06 0s WAN HM 713 NOI6 ?1/10 71/10 23/10 2b 75/10 26/16 2*/10 31/10 01/11 07/11| 06/111 09/11 S£A RANURNM3 24/10 2VIO FTTTo 7179/10 02/11 03/11 04/11 06/11 T/S »a *A 0 0»/n >0/" l?/l1 13
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      210 40 OIAIMI SHIPPMG TEL: *****88 FAX: *****00 *1 DIRECT REGULAR SERVICE J JAKARTA 8 SURABAYA ACCEPT CARGOES TO ALL OTHER INDONESIAN PORTS f WITH TRANSHIPMENT AT JAKARTA OR SURABAYA -t DfSTfMWR ETA EJD ¥Sl JAKARTA 4/11 5/11 F MRA 1/11 9/11 f. SUM IDA J 13/11 14/11 F AAUMANTAN 23/11 24/11
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      Page 41 Advertisements Column 1
      330 41 (fe FAMOUS CONTAINER LINES JBO ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 28/10 ROTTtRDAM 28/10 AARHUS/COPENHAGEN 28/10 HAMBURG/BREMEN 31/10 MARSEILLE/FRANCE 26/10 FELIXSTOWE/UK 31/10 BARCELONA/SPAIN 29/10 LEHAVRE/FRANCE 01/TI GENOA/ITALY 29/10 ANTWERP/BELGIUM 28/10 LOS ANGELES/WC/IPI 28/10 SYDNEY/MELBOURNE 27/10 NEW YORK/EC 28/10 FREMANTLE/ADELAIDE 28/10 VANCOUVER 28/10 BRISBANE 27/10 TORONTO/MONTREAL
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      804 41 I WAMA BHIIM 2518 Wad M/ 10 It] 20/10 I DEJA (HUM M7l Mori In Pi Wad 26/<0 I If! 1? I VWA BIIUM 1088 Sun WW Fri 4/11_ i THAMIHUM 82M Tw 25/10 Thu 27/10 Bj H Mon k> PI Thu _27/10_ t jISRA BHUM 728 Fri »/10_ _Wed
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      Page 41 Advertisements Column 3
      204 41 Qumrmnt—d Smilings Ik|BANG*OK/I API CHABAW6~LAOSj»/IP (SOT). 1/11 (Til) PORT KELAN6/PEIWNG 27/10 (THU). 21/10 (FIB) HONG KONG 1/11 (HI). 21/10 (FM) JAKARTA a/10 (SOT) MAfOl* CEBU sueic BAY 31/10 (MOW) HO CH MMH ZS/10 (Ftl) SURABAYA 30/10 (SUN) 3USAN 30/10 (SUN) y^DONGNAMAUNE •CSSO. (IBS) MP KM fW MC KM umciu« miw
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      555 41 TEL: *****33 (12 Lin**) I HFAX: *****15/*****03 TELEX: R3 ***** RISHIP (3 Line*) CR NO.: **********0E J mgßgl? ACCEPTING FCL AND CONVENTIONAL Vhml Vot KTA Loading For Spora Abbay Wonz 41WB 15/11 Mombasa. Djibouti > Asaab. Mmmw Abbay WonT 42W8 15/12 Mombasa Djibouti Aaaab. Massawa H MEN HUM I.INE rULLY
      555 words
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      1645 42 HLfcIMN CONTAINER Llnes, INC I MAC-NELB SPORE: *****22 (24 LINEB) CJ V VZ-J C /R Nos tmmoms SIBU (084) *****9 KUCHINQ (082) *****3 PENANG: (04) *****8 BANGKOK (862) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOfI/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN
      1,645 words
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      Page 42 Advertisements Column 2
      178 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD (i» n* u* SPOIIf rati RiIMG PtIMNG Biut i«* </u Luadini! toi Mafc RUVU HUDMJ K 10 loaJuty lui Uutjt OOtPHW 23/10 lo*)in< fu4 Mjle PIONMR SUPfttH 18/11 loading fm Mjte UMMUW M 10 loading Ft* Mak PSOGMSS IBM IT 2V 10
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      Page 42 Advertisements Column 3
      889 42 JL THONG SOON UNES PTE LTD I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I V/ V/ TEL: 227 5088 FAX: 227-6011 I I TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK SINGAPORE T^THAH-AND tsstL VOY SPORE PEST VESSEL VOY SPORE BANGKOK EQUATOR ROYAL 121/4E
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      Page 44 Advertisements Column 1
      68 44 n n EtecuUfe Housekeeper fos hotel I O \VUo, I 1 is me. never neglect I I -fne Wse, J I Any Job. any career. I AVAILABLE ANY DAY. ANY T,ME Anywhere. I VJ 1\ U WAslj Thc Straits Times Tn« Sunoa* Times lusincss Times Th, New Pape* I 1
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      Page 44 Advertisements Column 2
      20 44 SHOTS U The latest in sea, air and land transportation Shipping Times Monday to Friday. Business Times I WtDtOW ASM
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  • Page 46 Advertisements
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  • Page 47 Advertisements
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      Page 47 Advertisements Column 1
      584 47 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 pgA* pt( E pg)« VESSELS VOY Sffl RTM MIT* LEH* HAM BREt FR H/Io isTlO 29/10 H. FRONTO 313W *****"" 18/11 20/11 19/11 20/11 20/11 22/11 2/11 nJ/it S/ii SI FREEDOM 313* 07/11 25/11 27/11 26/11 27/11 27/11 29/11
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      Page 47 Advertisements Column 2
      412 47 straits service I SPECIALIST IN RO-RO HEAVY LIFTS I INBOUND VESSELS I VESSEL VOt ST W KUC KK MM *1 I ocean blue mpt m/w »/io I ARE HA a/1* JO/11 I KOUSHUH 30/10 11/10 <RIA)I AMU A lAYA 1 1/11 1/11 j I OMNI HOSE 1 2/11 «/ll I
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      Page 47 Advertisements Column 3
      661 47 VESSEL VOY ISW ETA/D LAX OAK CH DAL MEM/COL HOU NYC NOR ALLIGATOR TRIUMPH SSA 27/10 13/11 15/11 lt/11 17/11 17/11 11/11 lt/H 19/11 GEORGE NASHNGTON BRCGE 82A 03/11 20/11 22/11 23/11 24/11 24/11 25/11 a/U 26/11 ALLIGATOR PMK 56A 10/11 27/11 29/11 30/11 01/12 01/12 02/12 02/12 03/12 WRY
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  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      311 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 ISOO 1900 2000 2100 2200 2300 II IS 22 2 3 23 21 It 1.4 1.1 1.1 1-2 1.4 1.9 2.5 2.9 2.9 2.8 2.4 1.8
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