The Business Times, 29 November 1994

Total Pages: 50
1 50 The Business Times
  • 14 1 SINGAPORE Business Times WE KHOW ASIA MITA(P) 010/12/93 Tuesday November 29 1994 75 C
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  • 2am LATEST
    • 49 1 AFP PARIS Frcnch carmaker Renault is to be privatised during the second half of 1995, Industry Minister Jose Rossi said yesterday. Outlining his department's 1995 budget details, lie said Renault "must prepare to take a new step, that of privatisation".
      AFP  -  49 words
    • 38 1 Reuter BRUSSELS US clcctronics companies have won their long-running battle to kill a European policy on telecommunications patent licences they said was far too restrictive, industry sourccs said yesterday. Reutcr
      Reuter  -  38 words
  • 165 1 Stock market indices Monday Change STI! 2.237.97 +0.22 KLSEComp 1.005.23 -6.29 Nikkei 18.811.36 +144.43 Hang Seng 8.662.37 +3.54 SET Index 1.342.13 -7.26 Jakarta Cornp 486.84 -0.73 CLSA China B ....1.024.36 -0.37 Ausl All Ord 1.911.6 11.6 FTSE 100 3.047.1 +13.6 Monday Previous 1 pm ESI closc Dow Jones
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  • 493 1  -  By Conrad Raj SINGAPORE The Singa-pore-based Royal Brothers group has bought another hotel in New Zealand, bringing its investment in Australasia to more than $186 million in six hotels. The group paid NZ$25 million (5522.7 million) or about NZ5166,000 a room
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  • 403 1  -  By Alvin Tay SINGAPORE Mohan Mulani's Transco Holdings group has bought a 14.4 per cent stake in New Zealand-listed Designer Textiles, with plans to raise it to 20 per eent eventually. Mr Mulani, managing director of Transeo Holdings, told BT in
    403 words
  • 314 1 SINGAPORE Worries that US equity prices might weaken further after last week's steep slide continued to weigh down sentiment yesterday, with most of the region's stock markets ending lower in thin trading. In Singapore, analysts said fears that Wall Street could crumble again
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  • 286 1  -  By William Chia SINGAPORE Electronics group Acma is strengthening its business ties with Russian news agency Itar-Tass through an agreement to co-operate on satellite and business communications services. This follows the signing of a letter of intent by Itar-Tass chairman Vitali
    286 words
  • 517 1 SINGAPORE Singapore and other Asean eountries are expected to benefit from the "Go-South Policy" being pursued by Taiwanese businesses, says DBS Bank. After falling from US$3 billion (then 554.89 billion) in 1991 to US$O.7 billion (then $1.12 billion) in 1993.
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  • 422 1 2am LATEST Bloomberg Business News UPI Reuter NEW YORK US stocks, recovering from last week's rout, were higher for a second day yesterday, amid signs that rising interest rates had not discouraged home buyers or holiday shoppers, traders said. But
    Bloomberg Business News; UPI; Reuter  -  422 words
  • Page 1 Advertisements
    • 235 1 rThe WorkTs SmaM 35mm Auto "il/ Z® o Camera 4 i ZODWI3QDQD CONTENTS News Companies S'pore News 2 S'pore-M'sta .19,20.21 Regional News 3.4.5 Financial 23.24 World News 6.8 Features Markets Analysis 17 CW) KISt. SES 28 30 Editorial 16 Regional 26 Sports 13 World 21 TV; Lifestyle 15 Currencies 24
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    • 10 1 Property: p k io China office rents set to soar
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    • 11 1 Hock Lock Siew: Pg 19 BHP's Asia drive fuels share rise
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    • 82 1 Bottom Line: p* is vA The battle for compem&fyiik-. Rahim Thamby Chik charged with graft, Pg 3 FOOTWEAR LEATHER GOODS READY-TO-WEAR k'f' M/ Takashimaya Dept Store Tel 735 4029 2/F Isetan Scotts Tel: 735 0553 AUTHORISED DEALERS: BaJly Raffles City Champion Shoes Co Euro Shoe Shop DFS Singapore Stores Isetan
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    • 21 1 The Woricft Smatat 35mm Auto Focus Zoom Camera H| Nikon ZQDWI3GDQD US existing home sales up slightly in October, Pg 18
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 301 2  -  By Shiv Taneja LOANS to professionals and private individuals surged 49.1 per cent year-on-year to $12.4 billion in the third quarter, pushing overall loans growth to 15.7 per cent or $87.4 billion. But with interest rates on the rise the average prime lending
        Source: Monetary Authority of Singapore  -  301 words
    • 331 2  -  By Michelle Low PHASF one of Singapore's $500 million island-wide cable TV network will be in place in Tampines by June next year and the entire island will be hooked up within three or four years. Singapore Cable Vision has
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    • 343 2  -  Asia Pacific Transport and Logistics '94 Reports by Alec Almazan TO MAINTAIN its position as a regional logistics hub, Singapore will continue investing in infrastructure, information technology and the development of a larger logistics manpower base. Minister for Communications and the Environment
      343 words
    • 261 2 US aircraft manufacturer Boeing will set up an avionics repair centre in Singapore, its first in Asia-Pacific, a senior Boeing official said yesterday. Boeing will invest between US$B million and USSIO million in the centre which will open in February. It
      261 words
    • 317 2 THE opening of the Paradigm club, the fifth and latest braneh of the National Trades Union Congress Club, will hopefully bring the public's esteem and regard for the NTUC and its elub to an even higher plane. Lim Boon Heng.
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  • Page 2 Advertisements
    • 172 2 Epson Makes Business A Pleasure. EPSON nothing quite like an 'out of order' sign pasted to your copy machine m t lB mic c e a k us y wor^cc a y to g |V e y° u a nervous breakdown. Minolta understands. That's why our brand new CS P
      172 words
    • 14 2 Boeing hoping to replace SlA's Airbus A3lO with its 8777, Shipping limes Pg 20
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  • SOUTH-EAST ASIA
    • 532 3  -  Ex-chief minister's charges related to two land deals From Ho Kay Tat in KUALA LUMPUR FORMER Malacca chief minister Abdul Rahim Thamby Chik, who was cleared of allegations that he had an affair with an undcragcd girl, was yesterday charged for corruption related to two land
      Bernama  -  532 words
    • 147 3 AFP JAKARTA President Suharto and many top Indonesian businessmen have bought shares in a new venture firm whose paid-up capital totals more than US$l.5 million (552.19 million), a press report said here yesterday. The Kompas daily quoted Finance Minister Mar'ic Muhamad as
      AFP  -  147 words
    • NOTE BOOK
      • 96 3 Bernama KOTA KINABALU The Sabah government yesterday presented to the State Assembly a surplus budget of M$ 1.292 billion (***** million) for next year, estimating revenue at MS 1.315 billion. State Finanee Minister Mohd Salleh Tun Said, in his budget speech, said 1995 economic growth
        Bernama  -  96 words
      • 69 3 Reuter MANILA Former Philippine First Lady Imelda Marcos yesterday said she was considering running for office in elections next year and was ready to do so even from prison. Mrs Marcos said she was under pressure from supporters of her late husband, former president Ferdinand
        Reuter  -  69 words
      • 63 3 Reuter MANILA The Philippine government has downgraded a plan to convert the former Clark US air base into the country's premier international airport in favour of expanding existing facilities in Manila. Fmilio Osmena. chairman of the presidential committee on flagship programmes and projects, yesterday
        Reuter  -  63 words
      • 59 3 AFP JAKARTA Indonesia approved a total of US$l.O2 billion (SS 1.5 billion) of foreign investment in the month leading to Nov 15. The Antara news ageney yesterday quoted data from the Investment Coordinating Board showing the government gave the go-ahead to 36 new projects worth US$9l2
        AFP  -  59 words
    • 251 3 Reuter MANILA Economists yesterday forecast higher Philippine economic growth in the third quarter hut expressed concern that a rising peso and low savings could stunt the country's recovery in the long haul. Government and private economists say gross domestic growth in the
      Reuter  -  251 words
    • 358 3 AP AFP HANOI Four South-east Asian nations yesterday agreed to cooperate in developing the lower Mekong River for better irrigation, power generation, flood control and tourism. Representatives of Vietnam, Cambodia, Laos and Thailand pledged to allow freedom of navigation on the
      AP; AFP  -  358 words
    • 215 3 SINGAPORE Vietnam's homegrown oil giant, Petrovietnam, has acquired state oil exporter Petechim, ending Petechim's monopoly with effect from Oct 1. Vietnamese oil officials told Business Times that Petrovietnam had reorganised the oil sector in a bid to integrate the operations of the
      215 words
  • Page 3 Advertisements
    • 174 3 First we gave you more space. -jSj Now we're giving you more spaces. Vx Vrf*.^ Announcing our new 747-400 service with 30% increase in World Business Class from Oct. 30. Our World Business Class has may notice that 18 fellow travelers on to enjoy it. Call your travel agent or
      174 words

  • CHINA/HONGKONG/TAIWAN
    • 472 4 Eastern Express HONGKONG Two of the world's loading electricity companies. which plan to build a US$3 billion (554.4 billion) power station in Shandong province, have had their project put on hold by Beijing. Hongkong's China L ight Power (CLP) and Llcctricitc de
      Eastern Express  -  472 words
    • 218 4 AFP HONGKONG Governor Chris Patten is widely regarded here as a lame duck who is no longer useful in the run-up to China's takeover of Hongkong in 1997, according to a survey published yesterday. Public opinion sees Mr Patten as wounded and
      AFP  -  218 words
    • 330 4 UPI BtIJING A nationwide inspection of management practices in China's state and for-eign-funded businesses has uncovered flagrant and widespread abuses of workers' rights and blatant safety hazards in the pursuit of profits. A March to September survey of 137.000 state-run and
      UPI  -  330 words
    • 348 4 Differences remain over repatriation of air hijackers Reuter BEIJING Negotiators from arch-rivals China and Taiwan failed to make progress in six. days of talks in the eastern city of Nanjing, despite early expressions of optimism. Chinese media reported yesterday. The Chinese side
      Reuter  -  348 words
    • 359 4 AFP HONGKONG The central figure in one of Hongkong's most notorious corruption cases will be freed from prison today amidst reported threats to his life and renewed controversy over the handling of his case. Whether Warwick Reid, a 47-year-old former
      AFP  -  359 words
    • CHINA WATCH
      • 88 4 AFP BEIJING Chinese Prime Minister Li Peng has reaffirmed China's determination to rejoin Gatt by the end of the year and become a founding member of the World Trade Organisation (WTO), major newspapers reported yesterday. "The conditions arc ripe for China's re-entry to Gatt," Mr
        AFP  -  88 words
      • 71 4 AFP BEIJING A government-sponsored national conference on China's economic problems opened here yesterday. Chinese sources said the meeting, which gathers the country s most senior governmental and provincial officials, will attempt to identify China's major economic policy goals for 1995. The conference coincs two months after
        AFP  -  71 words
      • 91 4 Bloomberg Business News HONGKONG Hongkong's merchandise trade lurched into a deficit of I 1K53.5 billion (*****.5 million) in October against a surplus of HKS2.B billion in the ycar-carlicr month, according to government figures issued yesterday. The deficit, equivalent to 3 per cent of the
        Bloomberg Business News  -  91 words
      • 83 4 Knight-Ridder HONGKONG China, Hongkong and Thailand have set up the first joint venture dealing with grain exports from China's northern Liaoning province, the official Xinhua News Agency reported yesterday. The Jinyuan International Cereals Co Ltd, loeated in Panjin city, is the country's first project
        Knight-Ridder  -  83 words
  • Page 4 Advertisements
    • 103 4 11l —'I' I Our Local Time Deposits Are The ;r( ■V Centre Of High Interest •V, A/ r y mm .</ V At a time when many other forms of investment seem f lacklustre, we are generating y considerable interest in our SCD Fixed Time Deposits. From now till 31st
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  • REST OF ASIA
    • 398 5 Reuter COLOMBO Sri Lanka will partially privatise its stateowned telephone company by selling 20 per cent of its equity to domestic and foreign buyers, its deputy finance minister said yesterday. "We have taken a decision in principle to sell up to 20
      Reuter  -  398 words
    • 263 5 Reuter SYDNEY Australian balance of payments data, released yesterday, showed a sharp deterioration in the country's trade position in the third quarter with exports stagnant and imports surging. The dramatic lift-off in imports saw the seasonally adjusted merchandise trade deficit balloon to its
      Reuter  -  263 words
    • 262 5 US probes timber firms 1 claims of Japan discrimination AFP TOKYO The United States government is investigating whether American lumber suppliers were discriminated against in bids to supply wood for a skating rink for the 1998 Nagano Winter Olympics. The Yomiuri newspaper yesterday said the US I rade Representative's Office
      AFP  -  262 words
    • 61 5 Reuter MAHADEVPUR, India Indian policemen conducting a search operation over the weekend here after a land-mine blast by Maoist guerillas opposing state assembly elections in the southern state of Andra Pradesh killed 16 people last week. Fourteen policemen and two civilians were killed on the way
      Reuter  -  61 words
    • ASIA NOTES
      • 102 5 Financial Express NEW YORK Soros Fund Management, part of the holdings of investment guru George Soros, will invest US$2OO million (***** million) of its US$l2 billion portfolio in India, the Financial Express said yesterday. Purnendu Chatterjee, who handles Soros Fund Management's Indian operations,
        Financial Express  -  102 words
      • 93 5 AFP SYDNEY Australia's peak tourism lobby group yesterday called for a review of tourist visa requirements, arguing that the current policy threatened industry growth in the lead-up to the 2000 Sydney Olympics. The government should trial the scrapping of tourist visas in "high volume,
        AFP  -  93 words
      • 108 5 AFP TOKYO North Korean strongman Kim II Sung had endorsed a cautious economic opening of his isolated Stalinist state in a meeting with top cadres just two days before he died, on July 8. Han Tok Su, chairman of the Pyongyang-guided General Association of
        AFP  -  108 words
      • 95 5 Bloomberg Business News BOMBAY A general strike yesterday called by a radical Hindu revivalist political party, Shiv Sena, crippled most areas of Bombay, India's commercial hub, and stopped some commuter trains and buses. Most offices and shops did not open and the city's streets, usually crowded with
        Bloomberg Business News  -  95 words
      • 83 5 AFP COLOMBO Rash floods in eastern Sri Lanka have left an estimated 65,000 families homeless following the heaviest rains in 31 years. Relief officials yesterday said more than a dozen villages in the coastal Batticaloa district were completely under water and the government had arranged
        AFP  -  83 words
      • 72 5 Bloomberg Business News TOKYO Japan's unemployment rate will probably stay at 3 per cent in October. Economists' forecasts compiled by Bloomberg Business News showed that that was just shy of the record high 3.1 per cent set in May 1987. Economists had been
        Bloomberg Business News  -  72 words
  • Page 5 Advertisements
    • 36 5 HI A Bent ley i.i the worlds mo.it luxurious performance car. From $680,000, it u< abo the mo.it exclusive. i T 'J Malayan Motors TH K worlds finest sporting car 45LengKeeRoad Singapore 0315 Te< 473 7755
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  • THE WORLD
    • 514 6  -  From Leon Hadar in WASHINGTON SEVERAL months later than originally scheduled, the US Congress meets today to begin a week-long debate on the global trade treaty, negotiated and signed under the auspices of the General Agreement on Tariffs and Trade (Gatt),
      514 words
    • 347 6 Reuter ROME Italy's Prime Ministor Silvio Berlusconi, declaring "I have nothing to hide", yesterday said he was ready to meet Milan's "Clean Hands" investigators at any time and on their own turf to answer allegations of corruption. "If they want, and if (my)
      Reuter  -  347 words
    • WORLD WATCH
      • 69 6 AFP BAGDHAD Picture taken on Sunday off Iraqi television showing Sami Hassan Kadhem. a 34-year-old hairdresser who set up a bogus company called SAM-CO which made him 1.3 billion dinars (553.4 million) over two years. A new breed of billionaires has sprung up in
        AFP  -  69 words
      • 90 6 Reuter BRUSSELS The European Commission yesterday re-estab-lished customs duties on textile imports from India. Indonesia. Malaysia. Pakistan and the Philippines. The duties, which had been suspended from July 1. will re-apply from Nov 28 to goods such as various yarns, woven synthetic libres. mens
        Reuter  -  90 words
      • 93 6 AFP MONTEVIDEO, Uruguay Former president Julio Maria Sanguinetti won Sunday's presidential election with 33.5 per cent ot the vote, two polling firms said on the basis of exit surveys. Mr Sangumetti. 59, ot the Colorado Party, who scr\ed as the first civilian president from 1985 to
        AFP  -  93 words
      • 63 6 Reuter BUDAPEST Hungary's government has decided on the privatisation of major five companies or company groups in which the state holds all or majority stakes. They are national electrical utility Magyar Villamosmuvek Rt. National Oil and Gas Industry Co Ltd, all five rural gas suppliers,
        Reuter  -  63 words
    • 313 6 Reuter MOSCOW Russian leaders have promised to stabilise the economy in 1995. slashing monthly inflation and bringing the budget deficit under control. But it will take more than words to turn Russia's ailing economy around. Parliament seeks changes to government
      Reuter  -  313 words
    • 382 8 FT LONDON Kenneth Clarke, the chancellor, on Sunday made the final adjustments to a budget that is expected to cut government spending plans sharply and make tax and benefit changes to help the long-term unemployed back to work. Although the
      FT  -  382 words
    • 70 8 AFP BORDEAUX, France Shoppers at a supermarket in Bordeaux, south-western France, are being given a chance ot a lifetime: to win this shiny 1973 Rolls-Rovce Silver Shadow during the store's British Week promotion. All a customer has to do is answer two
      AFP  -  70 words
    • 380 8 AP WASHINGTON US direct investment abroad reached a record USSSB billion (5584.8 billion) last year and Americans had more control of foreign business than people of any other nationality who buy into enterprises abroad. "Despite the US economic recession of the
      AP  -  380 words
    • 289 8 AFP ABU DHABI United Arab Emirates (UAH) banks and eompanies should split their traded shares into smaller units to spur the stock market and end a monopoly by major investors. dealers said. Steady profits by most trading institutions
      AFP  -  289 words
    • 198 8 The Washington Post WASHINGTON The World Bank will emphasise the importance of Aids as a threat to economic development in a new and larger campaign of lending to countries wracked by the epidemic disease. The effect of Aids on income and work
      The Washington Post  -  198 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 394 7 It's always been the way that a rare in America). Full grain leather seats A few will lead while the rest will follow. enhance both comfort and ambience. The 1995 Saab 9000 CD proves that A cabin air filter removes virtually all taking the lead doesn't have to involve airborne
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  • Page 8 Advertisements
    • 194 8 lyi A. K I M G 'V O VIS I OH AIEIUTT I It Takes The Right Working Environment t 750 A Chai Chee Industrial Park is ideally located close to new towns, offering the convenience of a ready pool of skilled workers, 7 (i tvUfe fffectfow o/* Btfdok Bus
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  • Page 9 Advertisements
    • 299 9 > j*+* >-* Jr' J Br/ %k Th,'' ft V lßfip% /lc/ -J4w SR ft > i^ss?^7r *T 7Hi^.A i*V" ..->■'/In \1 jWr >.y; jjP\'i]y »4i» J 1 S?QSqG2S k\ i^SlHS&SpXtfß^MßH^^^^^BKi^^^^^B&L" jtK&& Bt_ <m w P gSKV 1 Bm Enfl M/- B if E3BI Bf The Canon Bouquet. Surrounds you
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  • PROPERTY & CONSTRUCTION
    • 563 10 Strong demand from foreign firms will hold up prices, say analysts Reuter OFFICE space in China's major cities is expected to soar in the next four years but demand for prime offices is likely to remain strong and keep prices and rents from crashing,
      Reuter  -  563 words
    • 719 10  -  Lilian Ang reports on the ripple effect of five bungalow owners selling out en bloc to a developer Lilian Ang NEXT week a group of five property owners in the Walshe Road area will seal an agreement to sell their
      719 words
    • 324 10  -  By Abdul Hadhi Commercial space in the US$5O million (Ss73 million) Olympic Tower and Hotel project in the Cambodian capital of Phnom Penh was launched yesterday by Jones Lang Wootton (JLW). The project is being developed by three former Simex traders and a Cambodian
      324 words
    • 296 10 AFP A CONSORTIUM led by Philippine property giant Fil-Estate Land Inc said it would offer a minimum bid of 20 billion pesos (S$ 1.22 billion) to develop a massive real estate project. Fil-Estate, which heads a consortium of property and investment firms,
      AFP  -  296 words
    • 480 11 New decree expected to benefit both developers and buyers INDONESIAN Minister of Public Housing Akbar Tandjung announced last Saturday that his office has issued a new decree to regulate launches of apartment sales, in order to protect consumers, the Jakarta Post reported. The new
      480 words
    • Article, Illustration
      255 11 Selected transactions in the past week Date of n f Built in area/ TT ~~T Sale price T~ transaction District Project Type land area (aq ft) enure (S$) p8 PRIVATE Nov 21.1994 I 0923 j Pacific Mansions Condo apt 1528 FH 625,000 409 Nov 21,1994' 1953 Rosalia Park
      255 words
  • Page 10 Advertisements
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    • 265 10 A monthly panorama of French Government securities and the French economy s *>o» ,z c l 'hano r I r 'ndicat#v Consume' p c c ,Uo r ,c «*ioe) r» 1 7 I 0 8/95 1 S.HI 0 1 1 5 If you can't afford to miss these three key
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  • Page 11 Advertisements
    • 150 11 Fitness Club— by Pursuit 'N' Fitness NOW OF*EN at the Le Meridiem Singapore (Orchard) j Fully equipped gym which includes: Quinton Computerised Treadmills Stairmaster Bicycles Entrance Fee $1000 but the first 100 Stairmaster Steps members who join will receive a State-of-the-art Bodymaster Equipment special rate of $600!! Free Weights (Monthly
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  • Page 12 Advertisements
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  • SPORTS
    • 520 13 AP TOKYO The performances of China's athletes at last month's Asian Games often seemed too good to be true. Reports yesterday quoting Games officials said some of them probably were. According to several Japanese media reports yesterday, the Olympic Council of
      AP  -  520 words
    • 709 13 UPI MIAMI With their season hanging in the balance, the Miami Dolphins turned to Dan Marino on Sunday and asked him to do what he does best. And when he did. the New York Jets couldn't stop him. The Dolphins are still something of
      UPI; Reuter  -  709 words
    • SPORT SHORTS
      • 286 13 NEW YORK NFL on Sunday: Atlanta 28 Philadelphia 21; Cleveland 34 Houston 10; Minnesota 17 Tampa Bay 20 (OT); NY Jets 24 Miami 28; Washington 19 NY Giants 21; LA Raiders 3 Pittsburgh 21; Denver 15 Cincinnati 13; Arizona 16 Chicago 19 (OT); San Diego 31 LA Rams
        286 words
      • Article, Illustration
        25 13 NEW YORK NBA on Sunda>: Detroit 1 tXS Golden State 91; Phoenix 115 New Jersey 110; Sacramento 89 Utah 94; Portland 99 Indiana 89.
        25 words
      • Article, Illustration
        246 13 AFP Reuter PAL\I DESERT, California Five-time British Open champion Tom Watson sank a US$l6O,OOO (*****.600) putt from 6 metres feet here on Sunday to win the Skins Game, his first golfing triumph since the 1992 Hongkong Open. Watson won the two-day. madc-lor-television event by taking away US$2lO,OOO in an
        AFP; Reuter  -  246 words
      • Article, Illustration
        130 13 SY DNEY Eighth men's World Cup. sixth day >esterday Group A: Australia 2 Spain I; Argentina 4 Belarus I; Pakistan 0 England 2. Standings (won, draw, loss goals for, goals against, points): I Pakistan 3 0 1 8 4 6 2 Australia 3 0 17 4 6 3 England
        130 words
      • Article, Illustration
        184 13 Reuter AP BELFAST South Africa will field a radically altered midweek side against Combined Provinces in their penultimate tour match today. Springbok coach Kitch Christie. announcing the side on Sunday. made six changes from the team which beat Pontypridd 9-3 last Tuesday. Transvaal wing Pieter Hendriks is selected out
        Reuter; AP  -  184 words
    • 1022 13  -  Shahiron Sahari recounts how the Koreans stormed their way to victory at the Dubai International Rugby Sevens Shahiron Sahari DUBAI It was an outcome against all odds. South Korea, the first East Asian team to play in the Dubai International Rugby Sevens. confounded all pundits last
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    • 443 13 AP BRISBANE A determined unbeaten third-wicket stand between Graeme Hick and Graham Thorpe yesterday kept alive England's hopes of scoring an extraordinary victory over Australia in the first cricket Test at the Gabba Ground. Hick was unbeaten on 72 at stumps and Thorpe
      AP  -  443 words
  • Page 13 Advertisements
    • 71 13 THE FINEST COLLECTION OF HEALTH CENTRES IN SINGAPORE PARK VIEW IMPERIAL NEW^PARK— SCOTTS VIEVV^Imperial Hotel, 1 Jalan Rumbia, New Park Hotel 6tti Level sth Rr, Royal Holiday Inn Holiday Inn Park View B1 -01 SinQapore 0922. 1 81 Kitchener Road. Crowne Plaza 25 Scotts Road, 11 Cavenagh Road, T«| *****18/*****19
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  • Page 14 Advertisements
    • 608 14 hsM Nothing Beats A ButL^^j rKING or wr np.tiw. 1 fresh PASTA 9DM LY. W From Pasta Fresco The only restourant to make Its own specialty pasta. everyday. Savour perfect pizza, great gelatl and terrific tiramlso. All topped with Italian hospitality. Pasta Fresco Da Salvatore Pta Ltd 30 Boat Quay
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    • 374 14 I WHERE TO WINE, DINE AND ENTERTAIN I BUSINESS LUNCH OR I FAMILY DINNER, I I FEAST ALL YOU CAN. 1 t; That's over 50 delightful dishes in all! jj* Featuring the best talked alxxit r a seafood and Cantonese cuisine. All A you can eat. Complimentary platter of R
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  • LIFESTYLE
    • 722 15  -  Susan Tsang finds Amy Grant's impromptu party relaxed, even cosy Susan Tsang AMY GRANT'S House of Love concert got off to a great start last Friday with Michael W Smith. The singer performed his "Christianbased" songs, including the overtly religious Cross Of Gold and Secret Ambition.
      722 words
    • 644 15 CHATTERBOX UPI AP AP AP UPI YOU'RE never too rich to pass up a bargain in Southern California's sluggish real estate market. At least that's what friends of Lisa Marie Presley are saying. Presley recently bought a US$l.5
      UPI; AP  -  644 words
  • Page 15 Advertisements
    • 124 15 "J (1 TO iO NOVEMBER '94) To celebrate our (>th Anniversary, Cafe Aladdin is offering selected local dishes at only $<>.00 e«H li tor lunt h and dinner daily. Fried Hokkien Mee Fried Yee Mee Cdfc Fried Noodles (Hong Kong style) Beef Noodles Mee Rebus Mee Siam i For reservations,
      124 words
  • Page 15 Miscellaneous
    • 1223 15 TV RADIO Valerie Bertinelli as Harvard law graduate Molly Kil- f w 1 coin. The beauty with brains i 44 \~I i^" 1 also has ideals, and turns down I mK a V \Jj )j private practice to become an Jifci assistant district attorney. She Jij f finds herself investigating
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  • 502 16 EDITORIAL IN THE end, good sense prevailed over petty politics. After days of backroom scheming. America's Republicans decided this week to support Congressional ratification of the historic free-trade treaty hammered out by signatories to the General Agreement on Tariffs and Trade (Gatt). In the process the party averted
    502 words
  • WHAT THE OTHERS SAY
    • 448 16 JAPAN may have found that it can no longer duck and weave over the issue of comfort women and how to atone for their war-time violations. In August, Prime Minister Tomiichi Murayama did that with an eyewash of a plan to promote an exchange of scholars
      448 words
    • 146 16 THERE are only two weeks to go before the Geneva conference on starting up Gatt's successor the World Trade Organisation (WTO) goes ahead. The rest of the world is still anxiously awaiting the deliberation in the United States Congress to see whether America will ratify the 123-nation
      146 words
    • 100 16 THE sixth World Conference on Religion and Peace has just closed in Italy. It was attended by 850 people from 63 countries politicians and scholars as well as religious people such as Buddhists, Christians, Muslims, Judaists and Shintoists. The discussions brought home to us the sense
      100 words
    • 148 16 CHANDRIKA Kumaratunga's landslide victory in the recent presidential elections in Sri Lanka gives her a clear mandate to pursue the two big promises on which she campaigned. One is the continuation of peace talks with the Liberation Tigers of Tamil Eelam. The other is the
      148 words
    • 100 16 WHAT more can the United Nations expect from the Serbs after their recent attack on Bihac, supposedly one of the safe havens guaranteed by the world body? The world should not talk about peace when Bosnia bleeds horrendously. It is time for the so-called champion of human
      100 words
    • 109 16 THt suicide rate among the elderly Chinese in Singapore is the highest in the world. Therefore, we should pay attention to the mental needs of our senior eiti- zcns. To maintain the mental health of senior citizens, society should not only give them more medical attention
      109 words
  • 1115 16  -  As chairman of Apec for the coming year. Japan plans to emphasise the building of infrastructure that will support greater trade and investments, says Anthony Rowley Anthony Rowley The writer is BT's Tokyo correspondent THE Asia-Pacific Economic Cooperation forum has constructed a grand edifice
    1,115 words
  • Page 16 Advertisements
  • Page 16 Miscellaneous
    • 70 16 GUN RND f-'Ames? <iDHeyc,..iao... UHPST'S THtreuepHoHc'N r i2sgc foE°FftS S OF" LeJrocE Vmc\R Nun&eß is J GUN J *ND P> Tfa OF CAnvjcd V 170 IQ9S ZZ~y vT Cok ,C <r ONA A ~~92)) r\ A\ ITB (Sr„ r cf\ L MY CJMORiC ti 4 <«SSOCIATtONeWSPAPCRSI.TO.tMMM4 J f- I P
      70 words

  • ANALYSIS
    • 1477 17  -  Asian investors in Australia tended to concentrate on property and tourism. Now. however, direct investment from the region has diversified both in geographical and industry terms, reports Peter Osborne Peter Osborne The writer is a BT eorrespondent ASIAN investment patterns in Australia have
      1,477 words
    • 974 17  -  Jessica Mathews on why the world is not prepared for the torrent of genetic information that is about to be unleashed Jessica Mathews The writer is a senior fellow at the L'S Council on Foreign Relations. The human genome is about to become the
      974 words
    • 255 17 ASIAN investment in the resources sector, which draws around 15 per cent of Australia's proposals for direct investment, will continue to underpin Australia's economic growth. "Foreign investment in the mines and resource sector will drive growth in the Australian economy," says Bruce Teele. chief
      255 words
  • Page 17 Advertisements
    • 159 17 I Jfs£&FOß THE PRESTIGIOUS OF VALES MSc iVfj. Health Care Management The University of Wales, established in 1892, is second in size to the University of London. It is recognised today as the centre of excellence for the provision of a wide range of education, training and research. Its expertise
      159 words

  • 556 18 Bloomberg Business News AP WASHINGTON The Clinton administration backs the Federal Reserve's goal of curbing inflation to help foster continued economic growth. Treasury Secretary Lloyd Bentsen yesterday said the Fed aimed for "solid growth with sustained low inflation", and "we share that objective".
    Bloomberg Business News; AP  -  556 words
  • 458 18 Rebel Tories cowed into backing PM over raising payments Reuter LONDON Prime Minister John Major yesterday counted the cost of forcing rebels from his ruling Conservative Party to back him on a crucial vote to boost Britain's payments to the European Union.
    Reuter  -  458 words
  • 228 18 Bloomberg Business News CAMDEN, New Jersey Campbell Soup Co said it has agreed to purchase Pace Foods Ltd, the world's leading maker of Mexican sauces, for US$l.l billion (SSI.6 billion). The acquisition is expected to dilute Campbell's per-share earnings by about 7 cents
    Bloomberg Business News  -  228 words
  • 65 18 AFP YEHUD, Israel Amos-1, Israel's first communication satellite that will be sent into orbit in November next year by a French Ariane rocket, being shown to the press for the first time on Sunday. The satellite, built by the Israel Aircraft Industries, will cover 750,000 km
    AFP  -  65 words
  • 316 18 Reuter WASHINGTON Sales of existing homes rose 0.5 per cent in October to a 3.91 million unit annual rate, up from, a revised 3.89 million units in September. The National Association of Realtors (NAR) yesterday said that in comparison with the rate
    Reuter  -  316 words
  • 251 18 SINGAPORE Seventeen Asians are among 100 young world leaders picked by Time magazine. Among them is law professor and Nominated Member of Parliament Walter Woon. 38. the only Singaporean on the list. Other Asians in the 100 young world leaders
    251 words
  • 339 18 AFP TOKYO Japanese Trade Minister Rvutaro Hashimoto yesterday unveiled a package to support Russia's economic reforms by stimulating trade and industrial activities. The minister presented the so-called Hashimoto Plan during a meeting here with Russian First Deputy Prime Minister Oleg Soskovets. The
    AFP  -  339 words
  • 326 18 Reuter OSLO Prime Minister Gro Harlem Brundtland yesterday predieted Norwegians would say "yes" to Europe yesterday after casting her vote in a referendum on European Union membership as final opinion polls turned the vote into a last-gasp thriller. "I believe
    Reuter  -  326 words
  • 928 18  -  The Bottom Line SN VASUKI SN VASUKI The writer is a B'T correspondent specialising in regional infrastructure ABOUT llOOkm north of Jakarta. near a small island in the South China Sea. American petroleum giant Exxon Corporation and Pertamina. the Indonesian
    928 words
  • 230 18 Reuter BRUSSELS The European Commission yesterday challenged EU leaders to accept or reject plans at their forthcoming summit for a series of major public works programmes and ways of paying for them. "What we ask them to do is to make our recommendations
    Reuter  -  230 words
  • Page 18 Advertisements

  • COMPANIES & MARKETS
    • 415 19  -  From Al Labita in MANILA JURONG Philippines has landed a US$4O million (SS6O million) sub-contract, its biggest since it began operating in Manila in 1979. The job involves the fabrication and erection of steel structures for a US$2 billion baseload power plant in
      415 words
    • 398 19  -  By Ven Sreenivasan SINGAPORE Electrical equipment distributor ITE Electric, which yesterday launched its Sesdaq public share offer, said it was confident of raising its net earnings by 87 per cent to S 1.1 million this year. The company, which is offering 11 million
      398 words
    • 319 19  -  By Quak Hiang Whai SINGAPORE China-con-trolled Cosco Investments Singapore could be in for a turnaround this year, with $2 million worth of earnings believed to have been added in the third quarter alone. The listed shipping group, formerly known as Sun Corp, reported
      319 words
    • 712 19  -  HOCK LOCK SIEW By Peter Osborne SINGAPORE The shares of Australia's biggest company. Broken Hill Proprietary, closed yesterday at AS 18.74, compared with Asl6 in April and a record of A 520.78 at the end of last month. At yesterday's closing price, BHP is
      712 words
    • 215 19  -  By Corinne Kerk SINGAPORE Eoam packaging maker Broadway's initial public offer of 28.647 million shares has been subscribed 1.03 times. Its placement tranche of 11.38 million shares was fully taken up while the public offer of 14.49 million shares, excluding 2.86
      215 words
    • 187 19 SINGAPORE A wholly owned subsidiary of Marco Polo Developments, MP-Bilt, signed a bridging loan agreement with a consortium of five banks yesterday to finance the purchase of residential property Ardmore Park. Hongkong and Shanghai Banking Corp, OverseaChinese Banking Corp, Development
      187 words
    • EYE on your STOCKS
      • Article, Illustration
        47 19 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled: Alliance. Baring. Daiwa. Fraser. G K Goh. Kay Hum. Morgan (jrenfell. OngCo. Nomura. Phillip. Smith New Court. W/ Carr and SO Warburg.
        47 words
      • Article, Illustration
        119 19  -  Quak Hiang Whai CHOCOLATE Products has been displaying patterns quite similar to many Clob counters. The stock appears to have traded to a short and medium-term base, possibly at around $1.20, with all its short-term indicators such as daily RSI and stochastics near the oversold zero level. The
        119 words
    • COMPANIES
      • COMPANY BRIEFS
        • 68 20 SINGAPORE Sports and leisure group Superbowl Holdings has inereased its shareholding in wholly owned subsidiary Superbowl Sentosa by subseribing for an additional 1.25 million ordinary share* of SI eaeh for cash at par value. The authorised capital of Superbowl Sentosa is $2 million and
          68 words
        • 71 20 SINGAPORE: Electrical accessories maker Clipsal Industries Holdings yesterday said its associate company in Australia, Gerard Industries has, through wholly owned subsidiary Clipsal Industries, had acquired an additional interest of 15 per cent in the issued and paid-up capital of company Lumex Clipsal in
          71 words
        • 58 20 SINGAPORE Local transport group Comfort has completed subscription of 12 million ordinary shares of 25 cents each in Stamford Tyre?; Corp by way of a private placement at 80 cents a share. The Comfort Group now owns 12.16 million shares, representing 20.27 per cent of
          58 words
        • 62 20 SINGAPORE Singapore Reinsurance Corp yesterday announced that is selling 30.000 ordinary shares at Si each in subsidiary INS Communications to the latter's chief executive officer, Mokanasivam Subramaniam. This comprises 6 per cent of total paid-up capital of $500,000 ordinary shares of $1 each in INS
          62 words
        • 56 20 Bloomberg Business News BANGKOK Siam Cement pic, Thailand's largest building materials conglomerate, said consolidated earnings for the third quarter were 1.38 billion baht (SSBS million), up 34 per cent from 1.03 billion baht a year ago. Earnings per share were 11.58 baht compared with 18.48
          Bloomberg Business News  -  56 words
        • 54 20 Bernama KUALA LUMPUR Renong Bhd's issue of up to US$3OO million (***** million) 10-year unsecured Euroconvertible bonds has been completed. Commerce International Merchant Bankers Bhd said. The issue was completed at an issue size of USS22S million with a coupon rate of 2.5 per cent per
          Bernama  -  54 words
      • 172 20 Bernama KUALA LUMPUR The strong bull run on the Kuala Lumpur Stock Exchange as seen in the last quarter of 1993 is unlikely to be repeated in the short to medium-term, says securities firm Omega Holdings Bhd. Omega executive chairman
        Bernama  -  172 words
      • 157 20 Bernama KUALA LUMPUR Hicom Holdings Bhd yesterday reported a group pre-tax profit of M 5151.84 million (5586.55 million) for the six months ended Sep 30, 1994, up 34 per cent from M 5113.31 million in the previous corresponding period. At the company
        Bernama  -  157 words
      • 454 20 KUALA LUMPUR Petronas plans to list its whollyowned subsidiary Petronas Gas Sdn Bhd on the Kuala Lumpur Stock Exchange (KLSE) in June next year. Petronas president Azizan Zainul Abidin said Petronas Gas' prospectus on the listing would be issued in March
        454 words
      • 340 20 Bernama KUALA LUMPUR Reliance Pacific Berhad's aggressive expansion into the local tourism sector led it to register an 18 per cent rise in its unaudited group operating profit to M 53.665 million (SS2.I million) for the six-month period ended Sep 30, 1994, against
        Bernama  -  340 words
      • 231 20  -  By Shiv Taneja SINGAPORE PT Indosat, Indonesia's leading international telephony provider, is expected to be the best performing telecommunication stock in Asia in the next 18 months, US broker JP Morgan Securities said yesterday. In a report released in Hongkong yesterday, Morgan forecasts
        231 words
      • 278 20  -  By R Sivanithy SINGAPORE Listed property group First Capital Corporation yesterday announced a S4O million redeemable preference shares issue by its wholly owned subsidiary. First Capital Investment Pte Ltd. The issue, which is managed by the newly set up HL Bank and is believed
        278 words
      • 397 20  -  From Maggie Ford in JAKARTA INDOCEMENT. Indonesia's largest cement producer, controlling 52 per cent of the market, has boosted sales by 25 per cent in the first nine months of the year. Yesterday it announced revenues of 2,452 billion rupiah (SSI47
        397 words
      • 117 20 Reuter HONGKONG Agri-busi-ness specialist C P Pokphand has agreed to a conditional sale and purchase pact and conditional share subscription agreement with chicken-care product maker PT Surya Hidup Satwa (SHS) of Indonesia. Hongkong-listed C P Pokphand yesterday said it would sell 21.1 per
        Reuter  -  117 words
      • 551 20 UNIT TRUSTS FUNDS Manager*' pricn (I) Nov 29 Mcndaki Or Fund 1.10 1.13 c A Trllc US Gr Fund 0.93 0 96xd" Unit TriSt 1IAD Acca4 M<ri |M The Commerce- 1.65 I 75 UOB ASS€t IWgt Lt0 The Savings Fund 1.58 1.67 L'nifund 1.46 1.52 S'pore Prog Fund 0.61 0.65
        551 words
      • COMPANY BRIEFS
        • 90 22 Bloomberg Business News TOKYO Prudential Securities (Japan) Ltd said yesterday that it will sell its seat on the Tokyo Stock Exchange and cut its Japanese equities stall, the latest in a series ot foreign brokerage houses to reduce its presence here. Prudential Securities Inc
          Bloomberg Business News  -  90 words
        • 112 22 Reuter WELLINGTON Brierley Investments Ltd yesterday said it acquired a further 15.9 per cent of Tasman Agriculture Ltd, bringing its total holding in the farm operator to 45.6 per cent. BIL said it acquired the shares a mix of rights and ordinary shares between
          Reuter  -  112 words
        • 61 22 AFP TOKYO Marubeni Corp. a Japanese major trading house, yesterday said its group pre-tax profit plunged 54.9 per cent from a year earlier to 12.2 billion yen (S$ 180 million) in the six months to September. For the full year, the company forecast a net
          AFP  -  61 words
        • 59 22 AFP SHANGHAI China's State Council has given approval in principle to two companies to issue convertible bonds tor the first time to gauge market response to such debt instruments, sources here said yesterday. The two companies are Shanghai Tyre and Rubber Company, China's largest tyre
          AFP  -  59 words
      • 213 22 Reuter COLOMBO Soft drinks giant Coca Cola is boosting production in Sri Lanka through a Singapore-based joint venture to fight its global rival Pepsico and consolidate its position in the local market, its domestic bottler said yesterday. "We are increasing
        Reuter  -  213 words
      • 396 22  -  From Florence Chong in SYDNEY A SINGAPORE-registered investment firm. Pacific Union Pte Co, has taken up a 35 per cent stake in a soon-to-bc-floated Chinese company. Pearl River Tvre (Holdings) Ltd. Pearl River Tyre is expected to list in early
        396 words
      • 275 22  -  From Lim Soon Neo in HONGKONG CHENGDU Telecommunications Cable Company (CDC), which is seeking to raise HKS44B million (SsBs million) through the issue of 160 million H shares at HKS2.BO each, is offering half the shares to the public. The
        275 words
      • 416 22  -  By Schutz Lee SINGAPORE Institutional investors have oversubscribed for the H-share offer by China's Harbin Power Equipment Co Ltd even before the global private placement closes today. Yesterday, representatives of lead underwriter for the issue. SG Warburg, said investors who had placed
        416 words
    • FINANCE & COMMODITIES
      • 350 23  -  By Soh Tiang Keng SINGAPORE The loss ratio in motor insurance in Singapore the ratio of claims to premiums has worsened in the past three years. This was revealed by Lee Yoong Sin, a National University of Singapore don, at a
        350 words
      • 517 23 Net international debt estimated at USsss6b at end of last year IHT PARIS The clock started ticking in 1987, when for the first time since the early years of this century foreign debts owed by Americans began to exceed their overseas assets. It was only
        IHT  -  517 words
      • SMALL CHANGE
        • 104 23 Bernama KUALA LUMPUR GKM Wilayah-Prescon Sdn Bhd has obtained a MS 123.5 million (5570.4 million) syndicated loan for its Sentul Perdana development project in collaboration with the Dewan Bandaraya Kuala Lumpur. GKM chairman Mohamed Tahir Salam said yesterday the redevelopment project with a total
          Bernama  -  104 words
        • 94 23 Reuter HONGKONG The strength of China's renminbi against the dollar this year will not last in 1995, said JP Morgan. The brokerage said in a report that in China, exchange rate system reform, a trade balance turnaround to surplus from deficit, a flood of direct
          Reuter  -  94 words
        • 65 23 Knight-Ridder BANGKOK Siam Commercial Bank has been granted a debt-trading licence from the Finance Ministry, and will start trading tomorrow, a statement by the bank said. The bank will trade debt instruments such as bonds, promissory notes, debentures and convertible debentures. The bank will
          Knight-Ridder  -  65 words
        • 99 23 Reuter JAKARTA Indonesia's privately run banks raised their deposit rates by up to one percentage point in response to a central bank discount rate rise, bankers said yesterday. Bank Niaga quoted its six-month deposit rate at 14.00 per cent compared with 13.50 per cent
          Reuter  -  99 words
        • 76 23 AFP TOKYO The Liberty Mutual Insurance Group, a major US non-life insurer, plans to begin operating in Japan in the autumn of 1995, pending Finance Ministry approval expected to be given in the summer, an industry source said yesterday. The business daily Nihon
          AFP  -  76 words
        • 61 23 Knight-Ridder HONGKONG Manhattan Card Co, a credit card company 54 per cent owned by Chase Manhattan Bank, has launched a HKS2OO million (5537.9 million) oflenng of five-year floatingrate certificates of deposit, said a spokesman for joint arranger Jardine Fleming Bank. The FRCDs, launched on Friday,
          Knight-Ridder  -  61 words
      • 533 23 NYT NEW YORK Companies that sell disability insurance to individuals are reporting a sharp rise in claims for certain ailments that were little known 10 years ago, leaving the insurers with losses of hundreds of millions of dollars. The companies
        NYT  -  533 words
      • 243 23 UPI KUALA LUMPUR Two Malaysian banks. Malayan Banking Bhd and Bank Bumiputra Malaysia Bhd. lead all other Western Asian banks in assets in the increasing popular Islamic banking system. The London-based magazine Enromoney yesterday said the two banks
        UPI  -  243 words
      • 429 23 Knight-Ridder SINGAPORE: Since early 1994, major banks in Singapore have come together to map a strategy to make the Republic already a key banking centre a viable market for banks and corporates elsewhere to obtain liquid Asian currency prices. But South-east Asia's central
        Knight-Ridder  -  429 words
      • 269 23 FT LONDON Many British companies face difficulties in obtaining adequate or even the legally required amounts of insurance cover from next year for deaths and injuries at work, corporate risk managers and insurance experts say. Government officials will hold
        FT  -  269 words
      • 478 23 Reuter ISLAMABAD Banks in Pakistan are fretting about limits on lending to the private sector. but officials want to ensure that no credit explosion saps the fight on inflation. "We have told the banks we are committed to liberalising the credit deposit ratio
        Reuter  -  478 words
      • 402 24 Reuter SINGAPORE South-east Asia's gold demand rose 26 per cent from a year ago to 95 tonnes in the SeptemberNovember period, the World Gold Council (WGC) said in its November trends report. This brings total demand for the nine-month period to
        Reuter  -  402 words
      • 46 24 Reuter DHAKA Thousands of private jute mill workers demonstrating here on Sunday to demand higher wages and benefits. 1 rade unions at private jute mills called for a 48-hour factory strike beginning on Sunday to back their demands. Reuter
        Reuter  -  46 words
      • 307 24 Knight-Ridder SAN JOSE, Costa Rica Central American and Colombian cofTee producers, saying it will "order the marketplace", agreed at a meeting here last Friday to coordinate exports and distribute them quarterly. The countries agreed not to flood the market at
        Knight-Ridder  -  307 words
      • 420 24 Buying from West also affecting supply Reuter KUALA LUMPUR Regional rubber prices are expected to firm on expectations of a further supply squeeze due to a seasonal monsoon and consumer buying from the West, traders said. A trader from the north Sumatran
        Reuter  -  420 words
      • 229 24 Knight-Ridder TOKYO Indonesia's stateowned PT Aneka Tambang's trial shipments of bauxite to China have so far proven successful, but the company has not received word on supplies for next year, a senior Aneka Tambang official said on Sunday. This year, Aneka Tambang has
        Knight-Ridder  -  229 words
      • 236 24 Bloomberg Business News MELBOURNE Australian resources giant Broken Hill Proprietary Co said the Griffin gas plant in the state of Western Australia has begun full scale commercial gas operations. The first sales of gas began last week following extensive start-up trials,
        Bloomberg Business News  -  236 words
      • 324 24 Reuter TOKYO Minister of International Trade and Industry Ryutaro Hashimoto has asked Kuwait to renew promptly Arabian Oil Co Ltd's drilling rights in oilfields otT the Gulf emirate, a VI iti official said. Mr Hashimoto asked visiting Kuwaiti Oil Minister Abdulmohsen al-Mudej
        Reuter  -  324 words
      • 289 24 Bloomberg ENERGY REPORT LONDON Crude oil futures reversed a seven-day, 4.3 per eent rise following u return to work Saturday by Brazilian oil workers, ending a four-day strike over pay. Futures had been boosted last week as Brazil purchased 300.000 tons of gasoil to
        289 words
      • 196 24 Reuter LONDON The dollar was hanging above 1.56 marks in late European trading with the mood still bullish, although much attention was focused on events in Europe. With Norway voting on membership of the European Union and Prime Minister John Major facing a crucial vote in the
        Reuter  -  196 words
      • 96 24 AFP NEW YORK The dollar firmed against other major currencies except the yen and the pound yesterday in moderately calm trading. Gold fell to U*****.20 an ounce, shedding 50 cents from its close on Wednesday. At about 1430 GMT, the dollar traded at 1.5635 marks, up from 1.5587
        AFP  -  96 words
      • Article, Illustration
        1579 24 11 title Hi lltimil llhlt tak llluhtl dXtllllsl J'nircS 14 /i Wih?/*i</«<•(» Bum 1 >wr W US$/S$ forward rates Noon Nov 2 s$ Bid Offer 1-month ***** 1.4648 2-month 1 4621 ***** 3-month 1.4613 1.462* 6-month 1.4575 1.4595 Stmnr Oi HC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am
        1,579 words
    • COMMODITIES & FUTURES
      • 1305 25 SMEX REPORT Reuter SINGAPORE Simex Eurodollars and Euroyen futures ended easier in moderately quiet trade. Dealers said Eurodollars were basically range-bound with market participants mostly sidelined in the absence of fresh news. "The market is still a little nervous and it is looking to
        Reuter  -  1,305 words
      • 680 25 COMMODITY REPORTS Palm Oil CRUDE palm oil prices closed higher yesterday on short covering and speculative buying. The market continued to draw strength from its bullish undertone coupled with talk that Pakistan would tender to buy nearby month shipments this week. The stronger close
        680 words
      • 87 25 NEW DELHI India's government-owned State Trading Corp (STC) last week finalised a contract to export 150,000 tonnes of wheat to West Asia, a company spokesman said yesterday. He did not identify the buyer. Although the identity was not announced, it is possible Iraq
        87 words
      • 97 25 SYDNEY Australian commodity prices have recovered from a slump in October to continue a strong upward trend, according to the International Commodity Price Review, released yesterday. The review, published by the National Farmers Federation (NFF) and Dresdner Australia, said commodity prices rose 3.1 per cent in
        97 words
      • 69 25 SYDNEY Australia's share of the South frozen beef tender market dropped to 32.5 per cent in 1994, from 43.8 per cent last year, according to the Australian Meat and Livestock Corporation. South Korea tendered for a total of 104,350 tonnes (boneless equivalent), of which Australia
        69 words
      • 56 25 TOKYO Japan's customs-cleared exports dt copper cathode and sections of cathode totalled 5,026 tonnes in October, down 60.1 per cent froiifr Oct 1993, according to figures released yesterday bj the Ministry of Finance. However, exports of zii* were 3,316 tonnes in October, up 30.3
        56 words
    • 1406 25 Rubber Nov 28 Singapore Commodity Exchange Pfcyskal Prices (futures closing m at 5.30pm) Buyers Sellers As at 12 neon (S cents/kg) RSS 1 Contract (S cents/kg) rr— KSS 2 Dcc 94 200.25 20I.25N Interest RSS 3 Dcc 94 199.25 200.25N Monlh High Low Sett (tonnes) Interest RSS 4
      1,406 words
    • REGIONAL STOCK MARKETS
      • 1049 26 1.6 STOC KS closed up a shade yesterday despite jitters preceding release this week of a crucial round of economic data which kept trading to a minimum. The key All Ordinaries Index finished 1.6 points up at 1.911.6, while the All Industrials Index closed 3.4 higher at 2,758.5 and
        1,049 words
      • 659 26 -44.37 Share prices fell yesterday, helped along by foreign investors trimming local portfolios amid a gloomy Wall Street outlook for 1995, analysts said. The PSE Index retreated 44.37 points to close at 2.678.99. Turnover was 9.49 billion shares valued at 1.39 billion pesos. "The market was very weak today,
        659 words
      • 460 26 -11.97 Share prices slumped yesterday, as overall market sentiment remained indolent, brokers said. The Composite Price Index shed 11.97 points to close at 1.069.48, after a slight comeback the previous trading day. Trading volume reflected a lacklustre trading day with 30.9 million shares valued at 704.5 billion won. Decliners
        460 words
      • 335 26 14.59 Stocks closed stronger yesterday, but off its highs after a quiet session. The NZSE-40 Capital Index closed 14.59 points higher at 2.006.81. Dealers said trade on the day was leader-driven with activity in the smaller companies limited. All the leaders finished higher, with the exception of Carter
        335 words
      • 633 26 -55.45 Stocks dropped across the board in slim trading amid uncertainty over upcoming elections, with all eight major categories of shares suffering losses. The 394-issue Weighted Price Index slipped 55.45 points to settle at 6.384.2. Turnover was 885 million shares worth NT534.19 billion. Falls overwhelmed rises 240 to 60,
        633 words
    • WORLD STOCK MARKETS
      • 691 26 13.6 STOCKS gained as US shares leapt and a gaining dollar brought hopes of a boost in the sterling value of the profits British companies make in the US. Gains in shares on Wall Street eased concern that the US is about to see a meltdown after last Tuesday's
        691 words
      • 138 26 +6.49 French shares ended up after a moderately active day in the wake of small gains on Wall Street. But investors remained wary as they expect further price corrections on the Dow. Volume was boosted by the start of Air Liquide buyout of minorities in two subsidiaries. The CAC-40
        138 words
      • 180 26 +9.55 A firmer dollar, steady bonds and strong gains on Wall Street helped Belgian shares to close higher after the Bel-20 index of leading shares breached the 1.400 resistance level at the start. Traders said that this move may indicate the market has bottomed out and was ready for
        180 words
      • 196 26 +60 Italian shares were becalmed through the session, desperately seeking ideas as trade dried up, dealers said. The long-awaited futures contract made a shy debt, just 762 trades completed in the front month contract as most investors preferred to see how the index fared before commiting themselves. One dealer
        196 words
      • 235 26 1.99 Dutch shares closed firmer, but off the day's high, in line with the dollar and bond markets, which failed to build on early gains. The AEX Index ended 1.99 points higher at 408.44. Chartists are broadly neutral on the short term AEX trend, but dealers said hopes of
        235 words
      • 131 26 +6.95 Swedish shares closed a quiet day higher supported by lower bond yields and positive Wall Street sentiment. "It was a sleepy day and it looks as if players want to see if Wall Street's rise will last," a broker said. The OMX Index was up 6.95 points at
        131 words
      • 255 26 +6.9 Swiss shares lost some of earlier gains in afternoon trading. Dealers said shares slipped from highs on a lack of following-through buying. Brokers said the outlook was cautious ahead of several sets of US data this week, including November nonfarm payrolls on Friday. The SMI Index of leading
        255 words
      • 256 26 -2.50 Stocks eased in early trading due to weakness in Canadian fixed-income and currency markets, traders said. Dealers expect a cautious week of trading as the market watches for signs of inflation in economic data due this week. The TSE-300 Index slipped 2.50 points to 4.096.80 on light volume
        256 words
      • 697 26 18.17 The Dow Jones industrial Average, which rebounded 33.64 points o Friday, was ahead 18.17 to 3,726.44 at 1 lam EST. The New York Stock Exchange Composite Index was ahead 0.34 to 247.94. while Standard Poor's 500-stock Index was up 0.84 to 453.13. Advances edged declines 957-815 among
        697 words
      • 334 26 +4.9 South African shares finished little changed yesterday as limited interest and a lack of fresh factors dragged stocks off earlier highs. Dealers said prices had been boosted at the start following the Dow's rally on Friday but eased at the close as concern rose about further declines in
        334 words
      • 830 26 Britannia Funds Sterling Cash Bid Oder Mim Cap Deposit #MUO 3*6500 Mint Jerwv Gilt 0 IHH 0 1992 Mim Ma* Income 0 9200 0 9600 I S$ Cash Income Plus F und 9 5*10 10 0500 PS Rcvnc Fund 3400 5 3500 Sterling hiiuih Euro PcSorSJn.' 0 4592 0 493*
        830 words
    • Article, Illustration
      3069 27 Bloomberg Business News HONGKONG Stock prices were little changed amid concerns about the impact of increasing interest rates on the territory's real estate market. Traders said there was a shift in assets from companies that were perceived to carry high risks to those that had predictable earnings growth, such
      Bloomberg Business News; Source: Reuter Info  -  3,069 words
    • Article, Illustration
      521 27 CLSA H SHARES eased 0.12 per cent yesterday on turnover of HKS7O million. Bohai Chemical and Luoyang Glass dropped 3 per cent after a two-day rally. Hai Xing Shipping accounted for 40 per cent of the total turnover. Trading in the Shanghai B market was concentrated on Luijiazui which
      CLSA  -  521 words
    • Article, Illustration
      2546 27 Reuter TOKYO Stocks ended higher as a firmer dollar and a rebound in New York shares on Friday encouraged buyers in the morning. Buying by public funds also supported overall prices. However, many brokers were not convinced that the recent falls have stopped. "The Nikkei should have risen more
      Reuter; Source: Bridge Info  -  2,546 words
    • Article, Illustration
      1762 27 Reuter BANGKOK Stocks closed lower on a lack of incentives after gaining almost 10 points in the morning, brokers said. The SET index closed 7.26 points lower at 1.342.13. after fluctuating between 1.331.87 and 1,358.86 points on thin 3.52 billion baht turnover. "Investors are basing their investment on technical
      Reuter; Source: Bridge Info  -  1,762 words
    • Article, Illustration
      1100 27 Reuter JAKARTA Share prices ended mixed in listless trading. "It was a boring day. Share prices were mixed with slight upward indications but volume was very thin." one broker said. lndofood eased slightly to 8.975 rupiah on thin volume despite posting a tripling in earnings. Astra International moved up
      Reuter; Source: Bridge Info  -  1,100 words
    • 2415 28 MB! Capital 2.240.000 Idns Hvd 50c 2.195.000 KL Industries 1.713.000 PixHiKt 1,263.000 B Rava TSRV7 1 .200.000 Ind Ox>gcn Wt95 1.197,000 Mulli Purpose 1,036.000 MBf Hldgs MX 919.000 Mulpha Inll 50c 821.000 (joldcn Plus H 818.000 Bcqaya L Wt99 733.000 Pcgi Msia 729,000 Fabcr (iroup 728,000 MOST ACTIVE-van*
      2,415 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5472 28 Bloomberg Business News KUALA LUMPUR Stocks fell yesterday, ending two days of gains, on concern that global markets will resume their declines again. "Everybody is waiting for New York tonight, and the feelings are mixed about what New York's going to do," said
        Bloomberg Business News; Source: Bridge Info  -  5,472 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8204 29 MAIN BOARD Transaction date: Nov 28 Gr Cir M »l IWI Lax Vol Dn> Usl y«oie Di« Di» VM Net <«J> A»t High l ow (ompan) Sale («00) High Urn Bu,« Seller C »r P'E S«d Price INDUSTRIAL AND COMMERCIAL 720* 417 5* mt Vc«a 50c 470 -4 103 4*0
        8,204 words
      • 1946 30  -  By R Sivanithy SINGAPORE Local stock prices rose promisingly in early trading but soon faded as nervous investors sold in fear ot further cracks on Wall Street overnight. The Straits Times Industrials Index opened stronger, albeit in low volume, and
        Charts by Bridge Info; Source: Bloomberg  -  1,946 words
  • Page 19 Advertisements
    • 267 19 NEWS VALUE Acma, Russian news giant to co-operate on satellite services (pg I) Acma offers local investors a play on the Russian market. Jurong Engineering arm bags USs4om steel job (this pg) Promising. Stock has come oft quite a bit but is still several times its low for the year.
      267 words

  • Page 20 Advertisements
    • 114 20 FOR SALE BY TENDER Sale with Reserve Price Under Instructions of the Mortgagee-in-possession I J— I a I h* .•4- I~j\ °"<2ET J .e r Street c? VVX fcK /W s O —T~l MMMM 1 CECIL STREET XX J I A RSFF IdsteleHns-l Fu,lyleased 1-RFM HWPC-FH 1 Naming Rights V
      114 words
    • 62 20 Results of tender for taxable book-entry Government Bond 1994 due 1 December 1996 to be issued on 1 December 1994 Tenor approx. 2 years Amount Offered Allotted *****,000,000 Amount Applied *****,000,000 Interest/Coupon Rate 3.375% p.a. Average Yield Price on Allotment 3.40% p.a. and 99.952% Cut-off Yield and Price 3.43% p.a.
      62 words

  • Page 21 Advertisements
    • 93 21 i«aaWyv#^ J sf/£'x* Every Day, One Book Opens Up A World Of Business, Industry, Resources, Supplies, Romance, Arts, Crafts, Travel, Leisure And Self Improvement To Over Two Million Readers In Singapore. Will 11 I You Be There To Greet Them? yenowpages* Every day, more people in Singapore find more solutions
      93 words

  • Page 22 Advertisements
    • 135 22 Your beard doesn't stand special twin-blade design that come by and finish the job a chance against the Sanyo Twin gently makes cut hairs stand completely. Even if your beard Trace Head electric shaver, taller after the first blade passes, tries to run and hide, the Twin You'll get a
      135 words
    • 208 22 28 November 1994 A copy of the Prospectus has been lodged with and registered by the Registrar of Companies and Businesses in Singapore who takes no responsibility for its contents. EM ITE ELECTRIC CO LTD (Incorporated in the Republic of Singapore on 12 April 1982) Invitation in respect of 11,000,000
      208 words

  • Page 23 Advertisements
    • 29 23 SELUNG POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. singapoki m Business Times iKOIDVASM
      29 words


  • Page 25 Advertisements
    • 205 25 We provide shelf companies and incorporation services in ALL jurisdictions, including British Virgin Islands Cook Islands Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further
      205 words
    • 20 25 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Si Markets. Everyday.
      20 words

  • Page 26 Advertisements
    • 124 26 rTT¥» i.ux c hn L c l "< ">■' 1 UJL> ijLi T—■ llUl* '-i«—' CJINI« t Technicum, the world's first unique self-winding Chronograph Rattrapante with full calendar and power reserve. Every Technicum also undergoes strict examination worthy of the title, Officially Certified Chronometer. Technicum. A stunning success that confirms
      124 words

  • Page 27 Advertisements
    • 33 27 i* at over 12 million establishments, MasterCard puts the whole world m 1 your hands. And it gives you easy access to cash at 380,000 bonk I hrandMS and MMs M 1 worldwide.
      33 words


  • Page 29 Advertisements
    • 78 29 KTTT!T?TyTT7!Tlv7:r«) *'.'i With over 215 million cords honoured i at over 12 million establishments, MasterCard puts the whole world in ■your hands. And it gives you easy access to cashiat 380,000 bank! d m 1 lm MHi worldwide. jWBUi 1HHHHHP HHP m f^r T n_- STRAIGHT TALK You shouldn't have
      78 words

  • Page 30 Advertisements
    • 38 30 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. OasaFiNE^ KTHBHTOiiif.wiiaivriViftHii An SPH AudloTm Sirvlci L—
      38 words
    • 512 30 BUSINESS T j__M_JE_S TOLL-FREE TEL. No. 1-800-741-1883 FAX.74I-1298 l&sB. L.C. Development Ltd (Incorporated in ft* Republic of Singapore) (I) Proposed renounceable rights Issue (the "Rights Issue") by L.C. Development Ltd (the "Company") of between a minimum of 63,157,519 and a maximum of 65,644,650 new ordinary shares of $1.00 each (the
      512 words
    • 360 30 THE COMPANIES ACT. CAP. SO INO US-COMMERCE CORPORATION (PTE) LTD (in Liquidation) At a general meeting ol INOJSCOMMERCE CORPORATION (PTE) LTD duty convened and held on the 24th day ol November. 1904 the following special resolution wae pMMd: SPECIAL RESOLUTION Thai the Company be wound up voluntarily pursuant to aection
      360 words
    • 342 30 THE COMPANIES ACT. CAP. SO LABELS INOUSTRY OF SINGAPORE PTE LTO (In Liquidation) At a general mealing of LABELS INOUSTRY OF SINGAPORE PTE LTD duly convened and held on the 24th day of November, 1904 tha following special resolution was paaaad: SPECIAL RESOLUTION That tha Company ba wound up voluntarily
      342 words
    • 293 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HOSPITAL CORPORATION INTERNATIONAL (S) PTE LTO (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the members of Hospital Corporation International (S) Pte Ltd pursuant to Section 179<6) of the Companies
      293 words

  • Snipping Times
    • 458 31  -  By Alec Almazan SINGAPORE Listed Thai shipping firm Precious Shipping Public Company posted a 53 per cent increase in profit in the first nine months of 1994. The Bangkok-based company recorded net earnings of 207 million baht (5512.1 million) against 135
      458 words
    • 353 31 Reuter PANAMA CITY Panama passed a law on Friday to protect the Panama Canal from mismanagement when the United States hands over the waterway at decade's end. The National Assembly passed the measure by a wide margin early on Friday in a move to
      Reuter  -  353 words
    • 445 31 AFP DUBAI, United Arab Emirates An Omani company, Ocean Group, announced on Sunday that it had recovered three million silver coins from the wreck of a United States ship sunk ofT Oman by a German submarine during World War U. The coins
      AFP  -  445 words
    • 733 31 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 8 4 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line. The 9
      733 words
    • 326 31 Bernama KUALA LUMPUR The Malaysian shipping industry is facing sector-specific challenges on supporting infrastructure, investment outlay and international policy in line with the country's thrust into rapid industrialisation. Berita Shell said in its latest quarterly issue that the industry stakeholders and affiliated players
      Bernama  -  326 words
    • 171 31 Bernama PHUKET Singaporean Marine Laser Associated and Seafarers International, a branch of Hongkong's Marine Laser Group, jointly announced that they were planning to build Phuket Seafarers Club at Phuket. Marine Laser Associate president John F Corrigan, said that the USSIOO million (SSI47 million) project,
      Bernama  -  171 words
    • 355 31 Knight-Ridder LONDON The world merchant shipbuilding orderbook has reached its highest level since March 1992, according to figures published yesterday by Lloyd's Register. The Merchant Shipbuilding Return for the third quarter of 1994 shows the total tonnage under construction and on
      Knight-Ridder  -  355 words
    • 1367 32 HOLIDAYS this week have had little impact on the freight market with rates strong for most types, brokers said. The Baltic Freight Index reached another all time high Friday at 1,906 up from 1.895 Thursday. Some "cheaper" fixtures circulating in the Atlantic trades belied a still strong market,
      1,367 words
    • 13101 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      13,101 words
    • 3334 45 Containerline NV: Belsin Shpg Agencies Pte Ltd (SVMarine 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). Mbatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred C
      3,334 words
    • 279 45 Urrus Couriers Tel: 545-8011. Fax: 545-1898 Air Express Travel Tel: 533-5771 Fax: 535-6144 Airborne Freight C orporation Tel 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: 273-8283. AJS Supplier Tel 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-link International Td 344-3377. Fax: 345-6450. Cluster link Supplies Seniors
      279 words
    • 1511 45 Abex txpress Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Actitair Singapore Td: 542-7822. Fax: *****20. Aerolink Freight International Td: 545-8033 Fax: *****05 Verm peed Td: 542-5911. Fax: *****18. Air Cargo No*o txpress Td: 542-5454 Fax: *****06 Air txpress International Td 542-7666. Fax: *****74. *****50.
      1,511 words
    • 2667 46 ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San Loren/o: Five vessels berthed of which 4 loading soya bean meal pellets, 1 maize, 6 vessels in roads, 19 vessels due at 9 terminals during the coming week. Rosario: Three vessels berthed of
      2,667 words
    • 823 46 THE demolition market was given serious attention this week with the sale of 4 ULCC/VLCC's at very firm levels, together with various other tonnage. Additionally the Chevron VLCC Chevron Antwerp is expected to be sold early next This pushes the number of such units sold for demolition this
      823 words
    • 304 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel E l A EID Ports of Calls Port Agent Telephone No NOVEMBER 29 29 Sea Goddess 2 0900 1800 Indonesia Jardine Shpg Agencies 224-1052 29 29 Renaissance I 1000 2000 Cruise to Nowhere Renaissance Cruises 222-3388 29 29 Delfin Star
      304 words
    • 220 46 SEMINARS Title: Maintenance Management and Computerised Maintenance System Duration: Dec 1-2 Organiser Added Advantage Associates Tel: For further details contact Eveline Yeng at (65) 563-7778 or fax (65) 564-1268. Title: Seatrade Asia Pacific Cruise Convention Duration: Dec 7-9 Organiser The Seatrade Organisation Tel: For further details contact Chris
      220 words
    • SHIPS IN PORT
      • 655 47 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Tane 2811* P01A Angyde 2811/1400 Batam 11/08,94 II alongside 2911/2315 6 Donam 412N PtM alongs*le 2911/1500 Batam Indah fl alongside 2911/2300 Ah Danaos 18EB P01 2811/2300 2911/1100 Balam Muim 12 alongside 2911/2300 Bangkok
        655 words
      • 1512 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From to Swan 145B 29/1500 1A 28/1500 28/1659 28/1900 to S»an U6A 30/1500 1A 28/1500 28/1659 28/1900 2A 28/1700 29/0659 29/0900 4
        1,512 words
      • 603 47 Carbon Carbon Nov 16 Density Water Residue Ash Akarinun Sedment Density Water Reskkie Ash Afcmrtin Setfrnent MM M/M Exxon KG/M*3 V/V M M M/M PPM method KG/M*3 H/V t M/M M/M PPM method Eastern USA 180 Ave 983 0 3 13 4 0 08 14 0
        603 words
      • 855 47 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        855 words
    • 1050 48  -  The 1969 Tonnage Measurement Convention, which has just come into force, will use ship volume as a basis for levying port charges. Erik Heirung argues that the 25-year-old rules have embraced the wrong concepts Erik Heirung Lloyd's List THE 1947 tonnage measurement rules
      Lloyd's List  -  1,050 words
    • 691 49 Reuter SOUTH Korea's largest carmaker. Hyundai Motor Co, has pinned its hopes on untapped markets in Asia and Africa in its drive to vault into the world's "top 10" club. Facing faltering sales in its main export market in North America, Hyundai
      Reuter  -  691 words
    • AIR AND LAND TRANSPORT NEWS
      • 433 50  -  By Conrad Raj SINGAPORE Boeing has not given up on Singapore Airlines as a customer for its latest aeroplane, the 8777. This was disclosed yesterday by its regional director for product marketing, Paul G Dubeck, at a press briefing. He
        433 words
      • 370 50 AFP HANOI German luxury automaker Daimler-Benz has applied to open a joint venture assembly line in Vietnam to build Mercedes cars and small trucks, a report said on Sunday. A Singapore-based subsidiary of the company has asked to open the US$7O million
        AFP  -  370 words
      • 336 50 AFP Reuter SYDNEY A strike by Australian aircraft refuellers and oil tanker drivers disrupted the travel plans of thousands of passengers yesterday as new industrial relations laws were put to the test. The strike led to two international flight cancellations and delayed other
        AFP; Reuter  -  336 words
      • 357 50 Reuter BONN German car maker Volkswagen AG confirmed on Sunday that it would go ahead with mass production of a new version of its legendary Beetle car. A company spokesman said Volkswagen's supervisory board had approved a management board decision to proceed with production of
        Reuter  -  357 words
      • 349 50 Reuter LONDON Britain's car industry, beset as it is by intense pressures from environmentalists and a faltering sales recovery, is praying for a broadly neutral budget this week that won't penalise the motorist. Although some firms want government to take a more proactive,
        Reuter  -  349 words
      • 1388 50 ati nwrt eta rtfct no_ < Abu Dhabi GA892 0255 GA822 1935 GA974 2350 MetoW <y82 2050 Amsterdam GA893 1510 GA892 0255 KL837 1540 KL838 2335 SQ026 2355 Mkm% SQ 348 2250 i Auckland NZ73 1425 SQ288 2045 SQ286 2035 NZ74 2235 Bahrain GF148 0905 B
        1,388 words
      • LOG BOOK
        • 102 50 Bloomberg Business News HONGKONG Foreign companies and financial groups are bidding for a piece of a US$2.l billion (Ss3.l billion) airport project in southern China, the China Daily newspaper reported on Sunday. Companies from the US, the UK, Japan, Australia, the Netherlands and Switzerland are
          Bloomberg Business News  -  102 words
        • 81 50 AP MINNEAPOLIS A blustery snowstorm shut down the Minne-apolis-St Paul International Airport for part of the afternoon on Sunday, one of the busiest travel days of the year, and cancelled about 100 airline flights. Thunderstorms along the storm s southern edge spun off tornadoes in Tennessee,
          AP  -  81 words
        • 96 50 Bloomberg Business News TOKYO Honda Motor Co is enjoying better-than-expected sales of its recreational vehicle Odyssey, the Nihon Keizai newspaper reported on Saturday. Since the line hit the Japanese market on Oct 21, the company has sold at least 28,000 units. The company had initially
          Bloomberg Business News  -  96 words
        • 84 50 AP HOUSTON Two Continental jets clipped wings as they taxied past each other on Saturday at Houston Intercontinental Airport. No one was hurt. A 737 jet with 127 passengers and five crew members was backing out of a terminal for a trip to Chicago
          AP  -  84 words
        • 69 50 Bloomberg Business News HOUSTON Continental Airlines Inc is cutting winter travel prices by as much as 49 per cent for for domestic and European trips. The Houston-based airline said the discounted tickets went on sale last week and will be available through Dec 2 for domestic
          Bloomberg Business News  -  69 words
  • Page 31 Advertisements
    • 45 31 (westfaua\ SEPARATORS Always on Course FOR SERVICE AND SPARE PARTS SUPPLY, PLEASE CALL &GGOOQOQ Tonnage rules seen as no longer relevant, Pg 18 Hyundai pins its hopes on Asia and Africa, Pg 19 Boeing hoping to replace SlA's Airbus A3lO with its 8777, Pg 20
      45 words
    • 25 31 Line* and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times. Tel 740-2089/740-2090
      25 words
    • 149 31 S fatten tMutAit tunc LONGBEACH OAKLAND Arriving every Friday Hotline *****30 DAIHATSU DIESEL (SINGAPORE) PTE LTD IS PLEASED TO ANNOUNCE THE OPENING OF THE NEW OFFICE TOGETHER WITH JOINT VENTURE COMPANY, DAIKAI ENGINEERING PTE LTD. DAIKAI ENGINEERING PTE LTD IS THE SOLE EXCLUSIVE AUTHORISED COMPANY OF BEFORE AND AFTER SALES
      149 words

  • Page 32 Advertisements
    • 1992 32 i&fp&nn:,,,, IMPORT.... tMPORT.... I NORTH AIiIRICAI I OTHER DESTINATIONS I NORTH AMERICA I ,»..t —I I TO »t.T coast somw amctica smytct 1 rtssa WT STatt u OM I vat I SCA I DAI Houston) cmc nt |wmco city vessel store buenos ames montiwpeo booeiamiio santos «wwu« paranagua vessel/voy no
      1,992 words

  • Page 33 Advertisements
    • 2199 33 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JAROINE SHIPPING AGENCIEB SON. BHO. 200 CANTONMENT ROAD. #12-05 SOUTH POINT, SINGAPORE 0208 PETALING JAYA TEL: 03-*****76 FAX. O^*® 5342 CFS °3- 756 342 CR NUMBER **********0 C PENANQ TEL: *****4 FAX: *****1 W DOCUMENTATION TEL: *****55 (INWARO)/*****90 (OUTWARD) ,p OH TEL: *****3/4
      2,199 words
    • 1663 33 AZERBAIJAN/TURKMENISTAN/ UZBEKISTAN/KAZAKHSTAN VIA BANDAR ABBAS TREIN MAERSK V.9425 ETA SIN 2ND DECEMBER 1994 Vo» ETA ETO DESTINATIONS N*«t Met marit maersk v 55 1 cy 06/12 0000 MRS CFS 06/12 2359 MRS OAK LGB SFO MEM ATI. MIA CHS BAI PHI NYC TOR 06/12 7 2 24/12 26/12 25/12 24/12
      1,663 words

  • Page 34 Advertisements
    • 1399 34 0 ROAM LE SOUTH- PORT P VOV MO HAMBURG ANTWERP HAVRE AMPTON KELANG S PORE HKG KAO TYO SHI KOB NAG THAMES ***** 8/11 10/11 12/11 29/11 8/12 S/,Z HANNOVER EXPRESS 23/445 12/11 14/11 16/11 9/11 /lz 7n2 9/1? 12/12 13/12 15/1? "KAI 10/246 ***** 17/11 19/11 6/12 15/12 12/12
      1,399 words
    • 487 34 S pore P.Kelang Loading for I BALABAN 1 30/11 3/12 fVm/Atw/UK/Nantes I I 'Loads E./W. Malaysia. Indonesia Loading for V I PAN RISER Dubai/Bahram/Damman/Kuwait H I SADANK ALKAVAN Jeddah/Aqaba I 'Loads Singapore. E./W. Malaysia. Indonesia Y Loading for J STAR MAN Los Angeles/New Orleans/ Charleston/Norfolk/Camden I PAN QUEEN Los Angeles/New
      487 words
    • 1203 34 NOR ASIA LHA SEA ENDEAVOUR 448W 07/12 27/12 30/12 31/12 29/12 30/12 04/01 04/01 I NORASIA fRIBOORC 9449-3 10/12 29/12 02/01 03/01 03/01 04/01 05/01 06/01 07/01 01/01 I NORASIA HONGKONG 9447 3 14/12 03/01 06/01 07/01 07/01 OS/01 09/01 10/01 12/01 U/01 I NORASIA SHARIAH 9450 3 21/12 10/01
      1,203 words

  • Page 35 Advertisements
    • 1398 35 STRAITS SHIPPING PTE LTD ■fif 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE EQ|y|3gUSEUgU|S|l|U|UlHamiyHH £XC§3? (A SERVICE OF CHINA NAVIGATION CO) lU\ CARGO DUE SA».S STRAITS VENTUM V2S€ Muva, Lib. KK 29 30 Mo. 01 D«c 02 Otc FCL. LCL CONTAINER
      1,398 words
    • 3321 35 A flAflC P&O Containers (Singapore Agencies) Pte Ltd JL IU Hoc Chiang Koad. *07-01 Kcppcl Towers. Singapore 0208 First Class Connections WORLDWIDE Js££?&g mmT PN < SP,Ka,: 5 >5r 2n7,17 EXPORT IMPORT wov -Ptta 'NO SIM SOU ANT ROT MAM GOT BRE LEM VESSEL *OY ZEE OOT ROT HAM BRE
      3,321 words

  • Page 36 Advertisements
    • 579 36 C fn JOINT VENTURE SAMUDERA INDONESIA QIR RICKMERS SINGAPORE CHINA MSA SEPU.UH VOY 2NB 02 DEC SHANGHAI GKEN ERA VOY 3NB 20 DCC Q»«0A0 D4SA SEPULUH VOY 3NB 12 JAW XINGANG INDUCEMENT CALL P.KEIANG INDUCEMENT CALL HK, P.GUOANG, BEL A WAN. TG MANI XIAMEN, ZHANGJtGANG SUTAMA HARTA WEEKLY FULL CONTAINERSHIP
      579 words
    • 1101 36 I HANJIN SHIPPING I I TEL:- *****35-237 OPERATION TEL: *****41-253 I I SALES TEL. *****30-233 I I *SL HAUL SAV AM KYC I fDA VSI I* H*m I™ 12 WXI HANIM POHANG ISIE 312 M ASIA 01* 5/1 6/1 1/1 HMUM 10NGBEACH OSOE *2 JO/12 »r HANKN BUSAN 1«* 10/12
      1,101 words
    • 93 36 CHAHAYA SHIPPING TRADING CO. PTfc III U T«l- *****13 (6 Linti) Fax: *****68 Tlx: RS ***** VIETNAM. BANGKOK. INDONESIA CONVENTIONAL. SERVICES SMHMLE "/12 J/12 lAKARTA SOAARANG CHAHAYA SfIATI 5/12 «/}2 niMcJrm KURNA StIAII 30/11 SJ2SSSS NORTH STAR 4/12 VII BANGKOK MAGA 54 10/12 12/12 WHOM* ,rr iro war ro CARAKA
      93 words
    • 1314 36 1 i ml mJ m] -4 J liWl A v A 1 A 1 4 I I k m BUI HH I r«i s» isc wc kk pus hi oa n m iu at h mc lmv o> J l I IiaUOREOSI 2111*11 4/12 A/12 1/1212/12 11/U 11/12 14/12 15/12
      1,314 words

  • Page 37 Advertisements
    • 2953 37 GULF WEEKLY EVERY FRIDAY Singapore* Gtntral Agtntt: T* ,n r 'j C *****841/844 Co«7»L«*Src B/l: *****02 Operation CmMmt: COSTAR SHIPPING PTE LTD 'tZFZ&ISXF s« iSS#"* 57 %ZtS%%L*2 7 M i R CR%o ll C 7 c'sU ***** JOH0 2 2 0i°F?Ct: fZxSsIIS KTSSIfM 353t170 To! U S. East Coast To:
      2,953 words
    • 969 37 A MULTILINE SHIPPING PTE LTD ■V (a merrber of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****54, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****88
      969 words

  • Page 38 Advertisements
    • 1192 38 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO **********0 M GST R£G NO M 2 *****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 MdZ V W Y7* MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD I W\j TEL: SA *****00 PK *****75 PEN *****20 JB *****01 PGU *****25/6 1 A
      1,192 words
    • 1228 38 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE PORT KLANG PENANG VESSEL VOT SIN PKL VESSEL VOY SH PEN PfRMSA 7/N 29 11 <TUt> 30 11 <WED> SEA IAURfI 341N 30 II (WED) 02/12 (W) MCC CONVEYOR 4K48 29 11 <"<) 01/17 (THU)
      1,228 words

  • Page 39 Advertisements
    • 905 39 Rgggflil PACIFIC INTERNATIONAL LINES (PTE) LTD I SSSSSSSS! 14 0 Cecil Street, #03-00 PIL Building. Singapore 0106. SSSSSSSSK CR NO **********0E ——I VESSEL WOY SIN CMB JIB MOD JED AOJ ADE PZU MSW ASA KOTA WIRAWAN WRN49S 1/12 5/12 11/12 13/12 15/12 17/12 12/12 IS/12 IS/12 KOTA BE RANI BRNIIS
      905 words
    • 906 39 vessels ¥0T "s« it mm hambukg thank aottekpam antwup mH k carina co6w 2»/n 20/12 21/12 23/12 2 l2 n/l2 t|l[ K SAGITTA SOCH OC/12 21/12 n/\2 31/12 01/01 03/01__ VILE iif AQUIA AO«M 13/12 04/01 05/01 07/01 0,/01 10/01 VftLE D HYMA HUH «H/°l 13/01 15/01 18/01 1? 01
      906 words
    • 554 39 BSA 4 tegk MYANMA IMMBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf HP* AN V2O6M 06/10 DM PAGAN V2ISW 06/10 Dtt 13/15 Dec AVA VI3IW 10/12 Occ 13/16 Dec MALAYSIA AGENTS BOUSTEAD SHPWNG AGENCCS KU. la 02 03 *****00 PHI TEI 02 03-*****67
      554 words



  • Page 42 Advertisements
    • 1494 42 I EUROPE 7SSS 1 PHI IWW I motur vsi Istokl uh I rtm ham I brh I m mm stori ms n«» shmzu wo ton ro khh worni —4iw/««Ion"ItTT wis* SiTloal InT 1112 1112 21.12 2212 kcmmgan mm §212 #312 w.12 w.12 1112 1212 1312 I*l2 Rg/ni «IW/«« "ITiT ~2<7r
      1,494 words
    • 1126 42 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUND PRL PfN K)H SM HUG RAO TM REE YOR THY WAG "06 °S* M 0) BUS SEA RANGtR N044 ?8 ll 29 II 3001 12 OS 1? 0612 08 12 10/17 T/S km RAO 13/1? 14 12 16 1? IM2 MAN HAI 205 N066 30/11
      1,126 words

  • Page 43 Advertisements
    • 435 43 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 05/12 ROTTERDAM 03/12 AARHUS/COPENHAGEN 05/12 HAMBURG/BREMEN 05/12 MARSEILLE/FRANCE ***** FELIXSTOWE/UK 05/12 BARCELONA/SPAIN 02/12 LEHAVRE/FRANCE 06/12 GENOA/ITALY 03/12 ANTWERP/BELGIUM 05/12 LOS ANGELES/WC/IPI 02/12 SYDNEY/MELBOURNE 30/11 NEW YORK/EC 02/12 FREMANTLE/ADELAIDE 03/12 VANCOUVER 02/12 BRISBANE 03/12 TORONTO/MONTREAL 02/12
      435 words
    • 915 43 M T T7T vessel voy sn jrt vessel voy sin pew B WANA BHUM MM 3/12_ I THAN* BHUM 97N Tua In Pt TKu 1/12 VESSEL VOY SIN BKK WH* BHUM 778 Fri 2/12 W«< 7/12 KOTA JADE JADOI7 Wad 30/11 Fri 2/12 VANTRA BHUM 82N Tut InPI Fri 2/12
      915 words
    • 223 43 ■JfcMJWMMJMIMBHIIIMJUIM Gumrmnt—d Sailing« to:|BAHGKOK/IAEM CHABANG/LAQS| 3/12 (SAT). 6/12 (TVI) PORT KELANG/PENANG 1/12 (THUR). 2/12 (FM) HONG KONG 1/12 (FW) JAKARTA 3/12 (SAT) MANIA/CEBU/SUBC BAY 5/12 (MOW) HO CHI MWH 1/12 (FW) SURABAYA 4/12 (SUN) BUSAN 5/12 (MOW) MADRAS 2/12 (FW). 5/12 (MOW) I DONGNAMA LINE CONTAINERISED SERVICE STWAITS/ltW/INC/ISN VCSSU (IBS)
      223 words
    • 595 43 S^^^^RlcHnK^Slßlli^lCtNClE^S^TT^^^ TEL: *****33 (12 Lines) m FAX: *****15/*****03 m TELEX: RS ***** RISHIP (3 Line*) CR NO.: **********0E I}® ETHIOPIAN SHIPPING LINES J (National Lines ol Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vmml Voy ETA I Loading For lpof> Abbay Woni 42W8 08/02 Mombasa. Djibouti Assab. Massawa Abbay Won* 43W8 28/03
      595 words

  • Page 44 Advertisements
    • 182 44 LAAnIn container lines, inc ISIVS/VHAgtntt: MAC-NELS SPORE: *****22 (24 LINES) vJU\-/ Noc uooeTSOOOoe SiBU (084) *****9 KUCHING (082) *****3 PENANQ: (04) *****8 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOfI/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 25/11 26/11
      182 words
    • 300 44 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD it* El* ft* SPOtt rati ML WIG PI HANG BLIf MUX ?0 12 loading to» Mjl' RUVAI HUDHU 10/12 loading tw Dub* OOtPH* SMfD Loading fo< Mai* nONII SUPMMI 15/12 Loading Fck Mate UMCIDH 6 12 loading For Male PROGRESS I BE*lt
      300 words
    • 433 44 f THONG SOON LINES PTE LTD 1 I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I \J V/ TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER CABLE: TOSOCO I SINGAPORE TO SARAWAK SINGAPORE T^TH/ULAND VESSEL VOY SPORE PEST VESSEL VOY SPORE [BANGKOK EQUATOR ROYAL 125/4E 29 NOV KUCHING
      433 words


  • Page 46 Advertisements



  • Page 49 Advertisements
    • 426 49 A. HYUNDAI MERCHANT MARINE CO. LTDWESTBOUND TO EUROPE BKG; *****61 m PKE TCP VESSELS VOY SIN I RTM j AWT I LEH HAM BREt FEL lii 02/11 03/11 H. EXPLORER 314»T 05/12 23/12 25/12 24/12 25/12 25/12 27/12 07/12 09/12 10/12 SEA PROGRESS 314W 12/12 30/12 01/01 31/12 01/01 01/01
      426 words
    • 363 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO i HEAVY LIFTS IMBOUND VESSELS VESSEL DOT SP ft KUC M MM «T (ASTERN rtARt 1/12 4/12 SOWAI 30 hPI FAR EAST EXPRESS 4 3/12 «/ll ORANGE MOON *1 11/12 13/12 KEBHUN IS 12/12 13/12 11/12 17/12 COSMC LEADER 41 12/12 14/12 IRANS
      363 words
    • 674 49 VESSEL I VOT |SW nA/O I LAX I OAK CHI PAL MEM/COL HOU 1 NTC I NOR MACKHAC BRPGE «1A 01/12/02/12 1«/12 20/12 21/12 22/12 22/12 23/12 23/12 24/12 ALLIGATOR TRRJMPH 59A 01/12 /09/12 25/12 27/12 21/12 29/12 29/12 30/12 30/12 31/12 GEORGE WASHNGTON BRPGE S3A 15/12/16/12 01/01 04/01 05/01
      674 words
  • Page 49 Miscellaneous
    • 313 49 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 1.2 1.0 1.0 1.2 1.5 1.9 2-3 2.5 2.6 2.5 2.2 1.8 1.4 1.2 1 0 1.0 1.2 15 18
      313 words