The Business Times, 13 July 1995

Microfilm: NL20008
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times WE KNOW ASIA MITA(P) 194/12/94 Thursday July 13 1995 85*
    12 words
  • 2am LATEST
    • Article
      Lock icon Dow up 20.75 points
      67 1 Reuter NEW YORK Wall Street stocks rose yesterday, boosted by a rally in high technology shares that was sparked by stronger-than-expected profits at Motorola Inc. The Dow Industrial Average was up 20.75 at 4,701.35 at 2pm EDT. In the broader market at Ipm EDT, advances led
      Reuter  -  67 words
  • Article
    MARKET SUMMARY
    168 1 Stock market indices Wednesday Change ST1I 2,176.40 +4.62 KLSEComp 1,066.46 +10.82 Nikkei 16,605.74 +17.55 Hang Seng 9,639.62 -30.35 SET Index closed Jakarta Comp 507.23 -0.28 Manila Comp 2,914.4 +4.2 Taipei WPI 5,624.69 +29.82 Seoul Comp 962.22 +2.23 Bombay BSE30 ..3,244.30 30.05 CLSA China B 785.74 -1.35 Aust All
    168 words
  • Article, Illustration
    Olivetti to close Singapore factory and retrench 550 workers
    420 1  -  By Claire Leow SINGAPORE Olivetti, the Italian multinational, has decided to close its Singapore factory and retrench its staff of 550. Ordon Selli, general manager of the Singapore factory at Ayer Rajah Crescent, told Business Times that the closing would be
    420 words
  • Article
    Property prices may fall at most 10%: consultants
    626 1  -  By Agnes Wee SINGAPORE Property consultants have ruled out a dramatic fall in residential property prices, saying that, at most, they may slip 10 per cent in the next six to nine months. Thereafter, they expect demand to pick up. Their forecast
    626 words
  • Article
    1.7% of HDB households own private homes
    500 1  -  By Chan Siew Ling SINGAPORE At least 10,000 families living in Housing and Development Board flats also own private residential property. And in four out of 10 of these cases, the property is overseas. The 1993 Sample Household Survey by the HDB, with
    500 words
  • Article
    MFN status will lift S'pore's Viet investments: managers
    446 1  -  Normalisation of US-Vietnam ties By Harish Mehta SINGAPORE Singapore investments in Vietnam will see a major boom after the US grants "most favoured nation" (MFN) trading status to Hanoi, said Vietnam-based managers of Singapore firms. Although getting MFN status essentially equal treatment
    446 words
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      198 1 CO-2233: Removable CO Tuner wiß) OSP Sound P'ocessor/CD Changer Controller FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone; 235 1333 Kuala Lumpur: Phone: 757 0233 Panang: Phone; 615 985/619 014 Jakarta: Phone, *****9/*****8 BT Online Look us up at http:// www.asia 1 .com.sg/biztimes CONTENTS News Companies S pore News
      198 words
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      Page 1 Advertisements Column 2
      65 1 Law: Pg u Lawyers and communication Nick Leeson in campaign to work up sympathy against S'pore trial "The biggest crime that I am guilty of is trying to protect people and ensure that the bonuses that they expected were paid." \L i Mai Leeson in a letter read out by
      65 words
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      Page 1 Advertisements Column 3
      31 1 Hock Lock Siew: Pg 13 Power play at Van Der Horst Prime office rentals expected to soar 20% by 1998, Pg 2 Northern region: home to private industrial developments, Pg 2
      31 words
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      Page 1 Advertisements Column 4
      111 1 The Bottom Indon-A stHi strpnC nFi |GOLF|HOUSE The Odtim&Ce tk GOU HOUSE MEGA Ngee Ann City GOLF HOUSE Cantrapoi nf GOLF HOUSE Marina Square ROYAL SPOUTING HOUSE GROUP i MORE REPORTS, Pg 4 Hanoi does not automatically qualify for US economic schemes US business leaders want MFN on talks agenda
      111 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon S$ to strengthen against greenback
        310 2  -  By Paul Leo THE Singapore dollar is expected to strengthen further against the US dollar in the long term. But in the meantime, fluctuations will be kept within a tight range. Overseas Union Bank says in its latest monthly financial review that strong economic fundamentals
        Source: Bloomberg  -  310 words
    • Article, Illustration
      Lock icon S'pore entertainment industry growing at 20% yearly
      450 2  -  By Shahiron Sahari THE SINGAPORE entertainment industry is a several-bil-lion-dollar business that has entered its growth phase only in the past five years, Dennis Foo, president of the new Association of Entertainment Organisations, said yesterday. Mr Foo said the entertainment industry, which includes
      Photo by Arthur Lee  -  450 words
    • Article
      Prime office rentals expected to soar 20% by 1998
      567 2  -  Redas property seminar Reports by Agnes Wee RENTALS of prime office space are expected to rise not more than 5 per cent in the next six months, but are expected to jump by 20 per cent by 1998, said the executive
      567 words
    • Article
      Voluntary CPF payments for expats not tax-free
      454 2  -  By Ven Sreenhrasan EMPLOYERS can contribute to the Central Provident Fund (CPF) accounts of their expatriate staff but such voluntary contributions will not be tax exempt, the Ministry of Labour (MOL) said yesterday. "Employers don't have the option of tax-free CPF payments," an
      454 words
    • Article
      Production operators replace technicians on bosses'most wanted list
      355 2  -  By Chuang Peck Ming PRODUCTION operators have replaced technicians on employers' most wanted list for the first time in 12 months, says a survey by Remuneration Data Specialists. Production operators made up over a quarter of the total staff that employers wanted
      355 words
    • Article
      Northern region: home to private industrial developments
      274 2 EXTENSIVE private industrial developments can be expected to sprout up on the large tracts of freehold land at Woodlands, Mandai and Marsiling, said Eddie Yong, of Knight Frank Cheong Hock Chye Baillieu. Mr Yong, who was addressing a seminar on property prospects yesterday,
      274 words
    • Article
      Leeson appeals to British media for help to return to UK
      796 2 LONDON Nick Leeson, former trader at collapscd UK merchant bank Barings, yesterday appealed to the British media to campaign to help him avoid what he callcd a "show trial" in Singapore on cheating and forgery charges. Leeson, 28, who
      796 words
    • Article
      Local firm to make China TV ads in Szechuan
      189 2 HOMEGROWN film and commercial producer JSP group will soon export its expertise to China. The group's post-produc-tion arm, JSP Post Pte Ltd, has secured a licence from the Szechuan provincial government to operate a TV commercial post-production company there. Post-production is
      189 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      178 3 Pacific Century Corporate Access And Singapore Telecom Expand The Scope Of Telecommunications In Asia Pacific Century Corporate Access and Singapore Telecom have teamed up to offer Singapore-based companies international telecommunication links to the region. Singapore Telecom presently offers corporate customers a wide range of telecommunications solutions including international leased circuits
      178 words
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  • SOUTH-EAST ASIA
    • Article
      Hanoi does not automatically qualify for economic schemes
      408 4  -  Normalisation of US-Vietnam ties Reports by Harish Mehta SINGAPORE The United States' decision to normalise relations with Vietnam does not automatically qualify Hanoi for economic programmes and benefits, according to a White House statement. The US and Vietnam are expected to sign
      408 words
    • Article
      Corporate leaders want MFN on talks agenda
      258 4  -  From Leon Hadar in WASHINGTON US BUSINESS leaders hope that the issue of Vietnam's trade status will be discussed during Secretary of State Warren Christopher's coming visit to Hanoi. Following President Clinton's announcement on restoring diplomatic ties with Vietnam, lobbyists for American corporations
      258 words
    • NOTE BOOK
      • Article
        Lock icon Subic Bay development
        52 4 Reuter MANILA The Subic Bay Metropolitan Authority (SBMA) has signed an agreement with the Japan International Development Organisation (Jaido) to develop a 180-ha industrial estate in the free port. SBMA said yesterday that Jaido planned to initially build a technology centre for small and medium-sized industries this
        Reuter  -  52 words
      • Article
        Lock icon Manila to host A pec talks in January
        60 4 AFP MANILA The Philippines is to host an Asia Pacific Economic Cooperation (Apec) ministerial meeting on labour mobility from Jan 10-11. The foreign department yesterday said "Apec recognises the need to identify changes in the demand for skills in critical sectors which
        AFP  -  60 words
      • Article
        Lock icon Opportunities in Myanmar
        69 4 Bernama KUALA LUMPUR Myanmar's open door and market-orient-ed policies offer foreign investors, including those from Malaysia, business opportunities in almost every aspect of its economy. Public Bank Bhd, in an article on "Myanmar: A Land of Opportunities" in the latest issue of Economic Review said: "It is
        Bernama  -  69 words
      • Article
        Lock icon Mahathir to fight money-politics
        64 4 Reuter KUALA LUMPUR Prime Minister Mahathir Mohamad has vowed to crack down on corruption in Malaysia's ruling party but analysts yesterday said it will be hard for him to succeed. "I am disappointed with those using money to get positions," Dr Mahathir said .on Tuesday, indicating
        Reuter  -  64 words
    • Article
      Viet PM hails Clinton's decision to restore ties
      199 4 SINGAPORE Vietnamese Prime Minister Vo Van Kiet yesterday welcomed US President Bill Clinton's decision to normalise diplomatic relations with Vietnam, calling on both countries to expand economic, scientific and technological links. In his first comments after the US move to normalise ties,
      199 words
    • Article
      Lock icon Chart Thai polls win shakes properties out of doldrums
      450 4 Reuter BANGKOK The victory of the Chart Thai (Thai Nation) Party in Thailand's recent election has shaken the domestic property sector out of prolonged doldrums, analysts said yesterday. Chart Thai's win in the July 2 poll has brought back memories of
      Reuter  -  450 words
    • Article, Illustration
      Lock icon Ramos' flood control inspection
      40 4 AFP MANILA Police escorts of President Fidel Ramos's convoy negotiating a flooded street in Manila's Tondo district yesterday. Mr Ramos was on his way to inspect a 1.33 billion peso (5572.8 million) flood control project. AFP
      AFP  -  40 words
    • Article
      Ramos plans overhaul of restrictive laws in bid to boost investments
      217 4  -  From Al Labita in MANILA PRESIDENT Fidel Ramos yesterday ordered the central bank, the Foreign Office, the trade and industry department and other agencies to submit a study of the Philippines' various restrictive laws for either amendment or repeal.
      217 words
    • Article
      Lock icon Suu Kyi tells foreign investors: 'Don't rush'
      240 4 Reuter YANGON Myanmar's opposition leader Aung San Suu Kyi yesterday urged foreign businessmen eager to invest in her country to study the situation carefully before doing so. "Of course, in the long run I think we would need international investment but I don't
      Reuter  -  240 words
    • Article
      Lock icon Indon MPs want tighter capital market laws
      249 4 AFP JAKARTA Indonesian MPs have urged the government to tighten the activities of stock brokers and the market watchdog in a revision of the capital market bill, to prevent trading fraud, reports said yesterday. Licensing for stock brokers should be clarified to prevent
      AFP  -  249 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      99 4 H t< y Hi Speakers: Mr. Duncan Mclnncs jjP I Mr Michael Robinson B Land up to 7300 sq. ft., houses up to 2700 sq. ft. Lush landscaping, pleasant tree-liiuil sirrets bJ Freehold, 3 or 4 bedrooms with ensuite A brief walk from restaurants, shopping centres, r ,U Highly respected
      99 words
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      Page 4 Advertisements Column 2
      374 4 SINGAPORE INSTITUTE OF MANAGEMENT BB The first educational and training institute in Asia to achieve SISIR ISO 9000 Certification B B B i July 31 December 18, 1995 Every Monday: 7.00 pm -10.00 pm I K I Examination Date: January 8, 1996 2.00 pm 5.00 pm I B B I
      374 words
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      Page 4 Advertisements Column 3
      8 4 Editorial:\\ van mar's tricky road ahead, Pg 10
      8 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon China's inflation drops for 8th month, soft landing expected
      425 5 Reuter BEIJING China's inflation fell in June for the eighth month and economic growth has cooled, leading experts to forecast a soft landing for an overheated economy despite official warnings that Beijing cannot relax its grip. "We should keep clearheaded and
      Reuter  -  425 words
    • Article, Illustration
      Lock icon Look, ma, no hands
      49 5 Reuter AIPEI Two children watching a spinning top called Ucas float in the air due to magnetic forces. The top, on display at a aipei toy show, is designed to help children understand about the earth's gravity. It is on sale for NT$l,6OO (SsB6). Reuter
      Reuter  -  49 words
    • Article
      Lock icon AlG's approval signals opening up of China insurance market
      405 5 Reuter SHANGHAI China raised the prospect of opening more cities to foreign insurers yesterday after the American International Group (AIG) pulled off another coup by getting the go-ahead to trail-blaze in Guangzhou. The official China Daily quoted an official of the
      Reuter  -  405 words
    • Article
      Lock icon Christopher urges Beijing to release activist Harry Wu
      325 5 Reuter WASHINGTON US Secretary of State Warren Christopher has called for Beijing to release promptly ChineseAmerican activist Harry Wu, but Mr Wu's wife said stronger US action was needed. "I think the thing that would be most conducive to good relations between
      Reuter  -  325 words
    • Article
      Lock icon Chinese court jails party official six years for graft
      271 5 Reuter BEIJING China, struggling to curb corruption, has jailed a Communist Party official for six years for accepting bribes and embezzling public funds. The People's Daily yesterday said the Intermediate People's Court in Baoji City in north-western Shaanxi province convicted Ma
      Reuter  -  271 words
    • Article
      Lock icon Patten survives first no-confidence vote in HK history
      193 5 Reuter HONGKONG A vote of no confidence in Hongkong Governor Chris Patten, the first in the 150-year history of the British colony, was defeated in the legislature yesterday. There were 17 votes in support of the motion, 35 against and four abstentions.
      Reuter  -  193 words
    • CHINA WATCH
      • Article
        Lock icon Taiwan boats near Spratlys stopped
        76 5 AP TAIPEI A Chinese police vessel stopped three Taiwanese fishing boats yesterday west of the Philippines in the disputed Spratly Islands, authorities said. The Agriculture Council said the boats were stopped in the same area of the South China Sea, west of Luzon. Taiwan Television
        AP  -  76 words
      • Article, Illustration
        Lock icon Unwelcoming sight for Jiang
        64 5 Reuter STUTTGART, Germany Demonstrators holding up posters on Tuesday to protest against human rights violations in China, Chinese President Jiang Zemin had arrived for a ballet performance of Romeo and Juliet at the famous theatre here. The poster shows a picture of a lonely protester in
        Reuter  -  64 words
      • Article
        Lock icon China's 'Bermuda Triangle'
        84 5 AFP BEIJING China's version of the "Bermuda Triangle" Black Bamboo Ravine is well on its way to becoming a major tourist attraction, Xinhua said yesterday, just two weeks after experts warned of the area's dangers. The ravine, blamed for numerous mysterious disappearances, is being touted as "an
        AFP  -  84 words
      • Article
        Lock icon Hunan floods leave 403 dead, 527 lost
        65 5 Reuter CHANGSHA, China The worst flooding to hit China's southern Hunan province in four decades has left 403 people dead and 527 missing, officials said yesterday. Summer floods have hit Hunan harder than any other Chinese province, forcing 500,000 people out of their
        Reuter  -  65 words
      • Article
        Lock icon Quake hits Sino-Myanmese border
        68 5 AFP BEIJING A major earthquake measuring 7.3 on the Richter scale struck a remote area of the Sino-Myanmese border yesterday, with initial reports saying two people were killed and 27 injured. The quake hit at 5.46 am (2146 GMT) with the epicentre less than 100 km
        AFP  -  68 words
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      188 5 A NEW gyy Qgg gg| FREE! ,i7rJI°iWJA I Buy one air ticket get one night J hotel accommodation free HONG KONG/SHENZHEN [ft] Daily Departure aCCC One Night Stay Super 5-Star Shangri-La Hotel (single room) in Shenzhen frSnnlv One Night Stay Super 5-Star Kowtoon Shangri-La Hotel (twin-share) fr $588 only BEIJING/WANG
      188 words
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      Page 5 Advertisements Column 2
      154 5 Royal Club at Amara... Because we believe Business Class should not stop when you leave Business Class. 3 it <$> Welcome to the privileged world of Royal Club: deluxe room facilities, I personalised stationery, daily fruit basket, floral bouquet plus your personal copy of daily newspapers and your choice of
      154 words
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  • Page 6 Advertisements
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      264 6 WBtmm'. jiIbBB T/tt/EKm Wmk *«f #a mgmmm. a VIM ft ■gjfc| Bm I JPP HP* 1 JI I,T %ii\^liß'By Blr^ l ß^jMi tfP mm ™i jHDP f J# v xSS ft a. HUH Hfl[ jjjfe fflfflpilpßfe BAIII #*****88 *»_E*H£k,J HF^^^^Bffiff_ filc iIfIiSBKoMI <1 c I ii*. °J^| SOLE AGENT SERVICE
      264 words
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  • ASIA
    • Article
      Lock icon NZ current account deficit widens but economists unfazed
      423 7 Reuter WELLINGTON New Zealand announced yesterday a higher-than-expected NZ52,498 billion (552.36 billion) current account deficit in the year to March 31, 1995, but officials and economists said there was no cause for alarm. They said New Zealand's current account deficit, at 2.9
      Reuter  -  423 words
    • Article
      Lock icon Tokyo protests against US to WTO
      168 7 AP GENEVA Japan protested on Tuesday to the World Trade Organisation that the US could violate global trade accords with its investigation of Japan's market in film and photographic paper. The Clinton administration said on July 3 it would investigate charges by America's Eastman
      AP  -  168 words
    • Article, Illustration
      Lock icon Rain havoc in Japan
      53 7 Reuter TOYONO, Japan The Torii river in Toyono, about 180 km from Tokyo, broke its banks yesterday as torrential rains swept through large parts of central and northern Japan. Rainfall of up to 30 mm an hour soaked much of the northern half of Honshu, Japan's
      Reuter  -  53 words
    • Article
      Lock icon Aussie employment levels seen improving in June
      320 7 Reuter SYDNEY Australian employment levels are generally expected to have improved over June, although some economists are still looking for further correction to April's large rise. Data to be released later today is expected to confirm that employment is still growing although economists
      Reuter  -  320 words
    • Article
      Lock icon India calls for greater access to EU markets
      204 7 Reuter NEW DELHI India yesterday urged the European Union, its single largest trading partner, to grant it nondiscriminatory access to the world's most affluent market. "If 1 were asked for a wish, it would be give us non-dis-criminatory market access," Indian Commerce
      Reuter  -  204 words
    • ASIA NOTES
      • Article
        Lock icon Foreign investment in S Korea up 31%
        57 7 AFP SEOUL Foreign direct investment in South Korea rose 31 per cent on a year earlier to US$946 million (551.32 billion) in the six months to June, the Finance and Economy Ministry said yesterday. The jump was attributed to South Korea's steady economic
        AFP  -  57 words
      • Article
        Lock icon Sign of Aussie inflation
        81 7 Bloomberg Business News CANBERRA Prices charged by Australian manufacturers in May for goods they produced posted their biggest annual gain in more than four years, suggesting inflation hasn't been tamed yet. Manufacturing output prices rose 0.4 per cent in May from April, up 4.0 per cent
        Bloomberg Business News  -  81 words
      • Article
        Lock icon Jakarta seeking face-saving move?
        83 7 AP CANBERRA Some factions in the Indonesian government are looking for a face-saving way of withdrawing from East Timor, a prominent Indonesian academic said yesterday. George Aditjondro said that, despite Jakarta's assertions that the annexation of the territory was irrevocable, Indonesian history showed the government was
        AP  -  83 words
      • Article
        Lock icon Army to battle floods in Bangladesh
        55 7 AFP DHAKA Bangladesh has called out the army to help battle the country's worst floods in more than six years, after the death toll from the catastrophe rose to 42. Prime Minister Khaleda Zia yesterday toured the affected northern regions, where some six million
        AFP  -  55 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      190 7 While the lines of this body are undisputedly sensuous, the j KJfm, 1% discerning admirer does not focus on looks alone. But rest assured. 30 The soul of the new XJ Series the AJI6 powerplant will deliver a performance nothing less than inspired. Not only is the 1995 XJ Series
      190 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      700 8 J tSlav Vtmt W II The All Naturally Brewed Beer. L WORLD S LARGEST SELLING B6ER J J 5 -f* k r— PASTA FACSCA GOLD PAIVII.CGC CARD P«rt Of Eieldtive Gastronomic Eli*e\ 10% off for eisk payment •5% off for eredit payment J fl Fnni Just spend $500 and above
      700 words
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      Page 8 Advertisements Column 2
      358 8 WHERE TO WINE, DINE AND ENTERTAIN Cafe Piaza Japanese Food Promotion i-3i luly At our Japanese buffet lunch and dinner, you can help yourself to the wide range of dishes. Knjoy (-ha Soba, Tempura, C".hawan Mushi, Sushi and many more. Adult: $19.00 Child: $12.00 menu change* regular* subject lo arrvicr
      358 words
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      Page 8 Advertisements Column 3
      299 8 Thf Day You Dinf At Tripi f 3. Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet at Triple 3, an irresistible spread featuring some 60 hot and cold dishes, plus templing desserts. Call us now to make your reservations at 831 6271/2. |E
      299 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Exercising iron discipline
      1010 9  -  Fitness guru Kenneth Cooper tells Elaine Louie his formula for healthy living Elaine Louie NYT TO EAT lunch with Kenneth H Cooper, whose 1968 book. Aerobics, helped start the fitness movement, is intellectually provocative but hardly sensuous. Cooper, who has written 10 books, more than 10 million
      NYT  -  1,010 words
    • Article, Illustration
      Lock icon Hurley stands by her man
      512 9 AP WITH GIRLFRIEND Elizabeth Hurley on his arm, Hugh Grant attended the premiere of his latest film. Nine Months. hours after pleading no contest on Tuesday to a lewd conduct charge. Grant and Hurley smiled but said nothing as they walked up a red carpet
      AP; Reuter  -  512 words
    • Article, Illustration
      Lock icon A Hitchcock mystery solved?
      251 9 CHATTERBOX AFP AP AP A SCIENTIST may have solved an Alfred Hitcheoek mystery why did the birds from his celebrated film of the same name descend on a small fishing village, terrorising its inhabitants. University of California biologist David Garrison suggested the birds whose frenzied attack
      AFP; AP  -  251 words
  • Page 9 Advertisements
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      159 9 BUTlfliiiFLY I BAR a C A F E I CONTINENTAL CAFE, ffISTAURANT AND BAR I SET BUSINESS LUNCH AND DINNER I FROM $15.50++ I HAPPY HOURS 3PM TO BPM I Home-made daily soup Seared Salmon on a bed of Garden Vegetable H Tropical fresh fruit with mango ice-cream Salmon Nicoise
      159 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      1215 9 I TV RADIO 1988 satire is created by Chris- Herbie Hancock is in the list of guest stars paving VSZ3.ntlsZJfw Tribu",oTomJobim.n vm .C\Ml ChanfW> Channel 8 ll!lO CHxaTanrt Malam. 11.00 AM SHI-a-Vision. 12.00 AM Close. 1.00 PM TV Innovations. 6.00 AM Rocky Racket 3.00 Volcano Scapes. 6.30 What's Hot TV
      1,215 words
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  • Article
    Myanmar's tricky road ahead
    532 10 UST releasing me tomorrow is not going to do any good if the attitude I of Store (the State Law and Order a I Restoration Council) docs not change. What is more important is what they arc doing to the country. And national reconciliation doesn't just
    532 words
  • Article
    A step forward for Myanmar
    289 10 THE RELEASE of Aung San Suu Kyi marks another step towards political normalcy in Myanmar, and indicates the success of Asean's policy of constructive engagement with it. What made the decision by the State Law and Order Restoration Council (Slorc) even more appealing is that
    289 words
  • Article
    CPF decision fair
    96 10 EMPLOYERS must be relieved with the government decision to exempt them from making CPF contributions to their foreign workers from Aug I. They also need not pay such contributions to existing foreign workers when the workers renew their passes or permits. Contribution will only to be paid
    96 words
  • Article
    Time for change has come
    135 10 THE FREEDOM regained by Aung San Suu Kyi represents not only the victory of her own political convictions, it is also proof of Myanmar's move towards stable development. One reason why the Myanmar military finally changed its mind and set Ms Suu Kyi free is
    135 words
  • Article
    Slorc needs to do more
    87 10 WITH its rich natural resources and ample cheap labour, Myanmar is a hot target for foreign investors. The drawback has been the fiercely anti-democratic stance of the State Law and Order Restoration Council, the ruling military junta. This week's release of Aung San Suu Kyi
    87 words
  • Article
    Liberating Aum followers
    85 10 THE MUSICAL Man of La Mancha, based on Miguel de Cervantes' Don Quixote, is a masterpiece many are familiar with. Near the end of the play, a knight enters carrying a mirror shield. Upon seeing his reflection in the mirror, Don Quixote awakens from insanity. In the
    85 words
  • Article
    A reprehensible act
    82 10 PUTTING up "Wanted" posters of political opponents is an exercise in poor taste. But the latest effort in this dismal genre, from Rep Bill Paxon and the Republican Congressional campaign committee, goes beyond tasteless to reprehensible. The 28 "wanted" for removal from politics include 10 blacks, one
    82 words
  • Article, Illustration
    Lock icon HK runs out of confidence
    953 10  -  Property, shares and retail sales are all way off their peaks, writes Louise Lucas Louise Lucas FT Hongkong is a shadow of its former self these days. You can get a taxi without a struggle, even during the rush hour, and shops once the colony's
    FT; Source: Datastream, Jones Lang Wooton  -  953 words
  • Page 10 Advertisements
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      38 10 Everything CJustGo! Willi I The Browning Golf Closing #03-3 18, Plaza Singapura Orchard Road, Singapore 0923 Mon Fri, 11am ISfc* Sat Sun, llam 6pm *K #02-01, Tan Boon Liat Building Outram Road, Singapore 0316 Mon 10am 2j Browning-
      38 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      70 10 GOODNESS 10E\ firs FOR You. J -W- J"Zc' THftT WEREN'T BOTHERED VI OK TQV -U N (NCE. UJMCH, THP\T.. J -ft-lfsT CJUfcSfcD sZ OMIO«WO IWWWILTO. WMW 9A TO DOONESBURY GARRY TRUDEAU OKAY. MNTMETO I MSMPONB MATCH VSJVPNTHGTOtON POfitMHIN6WIS I WUCK.FF&&A THAT IN FROM THE Lf s* Weß f H£fSr I
      70 words
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  • THE LAW PAGE
    • Article, Illustration
      Poor communication behind most grouses
      839 11  -  Selva Kumar delves into complaints against lawyers in New South Wales Selva Kumar HOW often have you called your lawyer time and again only to be told that he is with a client or at a conference or is in court? The absence of your
      839 words
    • Article, Illustration
      Lock icon French language law casts doubt on state loans in world markets
      666 11 A law that requires state firms to draw up contracts in French could pose legal problems in the English-speaking international capital markets Reuter A LAW aimed at saving the French language from being swamped by English has sown confusion
      Reuter  -  666 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      187 11 UNION BANCAIRE PRIVEE GENEVE We are pleased to announce the opening of our Representative Office in Singapore. The Bank, with its headquarters based in Geneva, is one of Switzerland's largest privately owned banks specialised in asset management worldwide. At the end of 1994, the Group's equity exceeded CHF 1 billion
      187 words
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      Page 11 Advertisements Column 2
      20 11 To crack the safe or enter Mrs Wizard's crystal ball, call Tele-Games on 1900-911-0003, at*3o*cp»ts* iK. 1 r a minute.l*
      20 words
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      Page 11 Advertisements Column 3
      88 11 LOUIS DREYFUS FINANCE ■AN O U I The French Interest Rate Bank Primary Dealer in French Government Securities Specialiste en Valeurs du Tresor SVT Money Market French and European Bond Markets Fund Management "The interest rate markets are our business and our passion" Our prices on Reuiers for French Government
      88 words
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  • Article
    Lock icon Economists see US wholesale prices rising only moderately
    572 12 Reuter, Bloomberg Business News NEW YORK The US June Producer Price Index, set for release today, should show that wholesale prices are increasing only moderately, at least for now, economists said. In another indication that the economy is slowing down, major US
    Reuter,; Bloomberg Business News  -  572 words
  • Article
    Lock icon Call Jersey for 24-hour, 365 days a year banking services
    146 12 Reuter EDINBURGH The world's first offshore bank offering round-the-clock service 365 ,days a year went live this week, the Royal Bank of Scotland said yesterday. The new Jersey-based telephone service in the Channel Islands offers clients full banking facilities, with
    Reuter  -  146 words
  • Article
    Lock icon EU imposes dumping duties on microwave ovens from Asia
    246 12 AFP BRUSSELS The European Commission has applied temporary dumping duties of 4.8 to 32.8 per cent on microwave ovens imported from China, Malaysia, South Korea and Thailand, EU officials said yesterday. The duties would be levied for four months and might
    AFP  -  246 words
  • Article, Illustration
    Lock icon Caged protest
    35 12 Reuter STRASBOURG French policemen trying to enter a cage in which a Greenpeace member has locked himself into to protest against the French government's decision to resume nuclear testing in the Pacific. Reuter
    Reuter  -  35 words
  • Article
    Lock icon World needs business competition rules: EC report
    346 12 Reuter STRASBOURG, France The world urgently needs to thrash out a set of rules on business competition, the European Commission said yesterday as it adopted a report from a group of independent experts. The report, drawn up by three professors from Germany, France
    Reuter  -  346 words
  • Article, Illustration
    Indon-Aussie ties remain strong despite Mantiri affair
    901 12  -  The Bottom Line TYE KIM KHIAT TYE KIM KHIAT The writer is BT's deputy foreign editor IT WAS a high-noon scenario by all accounts. But at the eleventh hour, Jakarta blinked and certain quarters in Australia lost no time in clinking their champagne
    901 words
  • WORLD IN ABOX
    • Article
      Lock icon No hitches in US-Japan car deal: Garten
      89 12 Reuter BRUSSELS There are no major problems with the last-minute deal on cars and car parts struck between Japan and the United States in Geneva last month, US Under-secretary of State for Commerce Jeffrey Garten said yesterday. "I would not characterise any of
      Reuter  -  89 words
    • Article
      Lock icon US farm debate
      103 12 Reuter WASHINGTON The government's antitrust investigation of four of the nation's biggest agricultural companies could provide critics with ammunition against farm subsidies as debate swirls in Congress over a new farm bill. Agricultural lobbyists and consultants said yesterday that critics of the farm programme will likely use
      Reuter  -  103 words
    • Article
      Lock icon Free travel within EU
      56 12 Reuter STRASBOURG European Union citizens and legal EU residents could travel throughout the bloc without passports from the end of 1996 under a plan proposed by the European Commission yesterday. Mario Monti, the commissioner responsible for the bloc's single market, said the move was needed to
      Reuter  -  56 words
    • Article
      Lock icon France under attack
      59 12 AP STRASBOURG The European Union's assembly yesterday condemned France's plans to resume nuclear tests and protested against the French navy's attack last Sunday on the Greenpeace ship Rainbow Warrior. In a 331-74 vote, the European Parliament also urged France and other nuclear powers to sign a test
      AP  -  59 words
    • Article
      Lock icon Rebuilding Yugoslavia
      81 12 Bloomberg Business News BELGRADE Yugoslavia will need between US$l.5 billion and US$2 billion each year in foreign investment for the next three years to rebuild its war-dam-aged economy. Central bank governor Dragoslav Avramovic yesterday said the bank was drawing up plans to simplify foreign investment for the day
      Bloomberg Business News  -  81 words
    • Article
      Lock icon Two US banks to merge
      76 12 Bloomberg Business News CHICAGO First Chicago Corp and NBD Bancorp Inc yesterday agreed to merge in a transaction that will create one of the nation's 10 largest banks, with US$l2O billion (Ssl6B billion) of assets. The merger will create a powerhouse in banking with market
      Bloomberg Business News  -  76 words
    • Article
      Lock icon Italy's bank probe
      68 12 Bloomberg Business News MILAN Italy's Antitrust Authority and the Bank of" Italy are investigating whether foreign investment banks are being kept out of the Italian market. The authority yesterday said the local market was characterised by an "extremely limited" number of companies. References in the statement to
      Bloomberg Business News  -  68 words
    • Article, Illustration
      Lock icon Overhauling welfare
      86 12 Reuter LONDON In a potentially far-reach-ing policy pledge, opposition Labour Party leader Tony Blair (right) yesterday promised a radical overhaul of Britain's welfare state. "Welfare should not be about keeping people in dependency. It should be about creating independence. The original purpose of the welfare state was as
      Reuter  -  86 words
    • Article
      Lock icon Coke is it
      74 12 Reuter LONDON Coca-Cola is the world's most valuable brand name, according to Financial World magazine, making it the winner in the magazine's annual brand valuation ranking for the second consecutive year. Marlboro, the Philip Morris cigarette brand held the No 2 spot for the second consecutive year.
      Reuter  -  74 words
    • Article
      Lock icon New capital for Japan?
      93 12 AFP TOKYO Japan's main opposition party plans to submit a parliamentary bill to move the capital from Tokyo to another as-yet unnamed city. Former premier and Shinshinto (New Frontier Party) leader Toshiki Kaifu yesterday said changing the capital would encourage decentralisation of political, administrative and judicial
      AFP  -  93 words
  • Article
    Lock icon Srebrenica's fall could spell end of UN mission
    193 12 AP BELGRADE The Serb capture of Srebrenica, 75 km north-east of Sarajevo, could drive the United Nations out of Bosnia in frustration, encouraging the world to lift its arms embargo and let the two sides fight it out. After 39 months of
    AP  -  193 words
  • Article
    Lock icon Yeltsin in full control of Russia's nuclear arsenal
    206 12 Reuter, UPI MOSCOW President Boris Yeltsin, who is recovering from a heart problem in hospital, is in full control of Russia's nuclear arsenal, his spokesman Sergei Medvedev said yesterday. "The nuclear button is with him in the Central Clinic-Hos-pital," Mr Medvedev said
    Reuter,; UPI  -  206 words
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        52 13 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Barings, Credit Lyonnais Securities, Daiwa, Fraser, G K Goh, Kay Hian, Morgan Grenfell, Ong Co, Nomura, Phillip, Smith New Court, WI Carr and S
        52 words
      • Article, Illustration
        HOT STOCK
        102 13  -  By Quak Hiang Whai BEARISH divergences are appearing on Bandar Raya's daily and weekly RSIs and stochastics. This suggests some caution is called for if one plans to buy in large volumes. Daily and weekly MACDs have not shown any clear signals of a turnaround. The stock will
        102 words
    • Article
      Thai cellular phone operator to launch IPO in September
      620 13  -  By Conrad Raj SINGAPORE Cellular phone operator Total Access Communication (TAC), the First Thai and the first for-eign-owned company to seek a primary listing on the main board of the Stock Exchange of Singapore, will launch its initial public offering in
      620 words
    • Article, Illustration
      Metro poised to reap windfall from URA guideline revision
      374 13  -  By Michelle Low SINGAPORE Metro Holdings and Ngee Ann City plan to convert 13,800 square metres of carpark space in the Ngee Ann City complex to commercial use to take advantage of a revision in the Urban Redevelopment Authority's planning guidelines.
      374 words
    • Article, Illustration
      Singapore Telecom senior executive resigns
      178 13 SINGAPORE Singapore Telecom yesterday announced the resignation of one of its senior executives. Sung Sio Malt. Mr Sung, who is executive vice-president for international investments and chairman and chief executive of Singapore Telecom International, will leave on Aug I after 29 years of service. His
      178 words
    • Article, Illustration
      Lock icon There's a lot going for Van Der Horst
      729 13  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE When analysts branded Van Der Horst Ltd a power play, they were probably not just referring to its ability to take on infrastructure projects. Van Der Horst has powerful shareholders to turn on the
      Source: Bridge Info  -  729 words
    • Article
      Aztech in US$6m suit, plans to countersue
      268 13  -  By Claire Leow SINGAPORE Aztech Systems is facing a US$6.O3 million (558.44 million) suit but said yesterday it would countersue US-based Silicon Systems Inc (SSI) for even more damages. SSI filed a writ of summons in the High Court here last Wednesday over
      268 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Tong Meng gets $1m from share sale
          82 14 SINGAPORE Tong Meng Industries has raked in an extraordinary profit of 551.06 million from the sale ot 400,000 Publie Bank shares on July 5. The 50-sen shares were sold at M 55.4437 (553.114) each. They were bought by the mainboard listed company at
          82 words
        • Article
          Tuan Sing unit pises capital base
          53 14 SINGAPORE Tuan Sing Holdings' subsidiary Statsym Sdn Bhd has increased its authorised capital and paid-up capital to Mss million (552.87 million) and M 52.5 million respectively, up from MS 100,000 previously. The higher paid-up capital follows a bonus issue of 2.4 million shares of
          53 words
        • Article
          Bonvests takes full control of unit
          70 14 SINGAPORE Bonvests Holdings has acquired full control of its subsidiary Henrick International Hotels Resorts Pte Ltd (HIH) by topping up its previous 90 per cent stake. The additional 10 per cent stake comprising 71,036 shares was bought trom William Hau Wai Lam for a
          70 words
        • Article
          Commission for Causeway unit
          67 14 SINGAPORE Causeway Investment yesterday said its subsidiary Bacou Intersafe Far East Pte Ltd had been selling its products on a commission basis since August 1994. Bacou is a joint venture company set up by United Safety Group BV (USG) and Causeway's subsidiary Uniweld Holdings Pte Ltd.
          67 words
        • Article
          Informatics on bonus shares' status
          52 14 SINGAPORE Informatics Holdings has clarified that its proposed one-for-one bonus issue will rank pari passu with existing ordinary shares except that the bonus shares will not be entitled to the proposed final dividend of 0.25 cents per ordinary share, declared for financial year ended March
          52 words
        • Article
          OCBC forms new property unit
          54 14 SINGAPORE OCBC Land Pte Ltd, part of the Overseas-Chi-nese Banking Corporation group, has incorporated a new subsidiary Kismis Properties Pte Ltd to handle and complete the development of Land Parcel D at Kismis Avenue. The land was obtained in a successful bid at a government
          54 words
      • Article
        Untitled
        525 14 Manager*' prices Jul 13 sh Greater China Fd 0.965 1 005(8 Mendaki Gr Fund 1.05 1.08(8 Singapore Unit Trust us Gr Fund 1.08 112** IS i£ UOB Asset Mgt Ltd S'pore Prog Fund 0.63 0.67 Unifund 1.47 l.~4 Spore Sec f und 0.99 1.05 Unibond 104 07 S pore Invest
        525 words
      • Article, Illustration
        Lock icon Managing director of ABR plans to sell stake
        223 14 SINGAPORE Sesdaq-listed ABR Holdings, which runs the Swensen restaurant chain, has identified Low Beng Bak as the shareholder who intends to sell his stake in the company. However, it did not identify the purchasing party. According to ABR's 1994 annual report, Mr
        Source: Bridge Info  -  223 words
      • Article
        Barclays to issue warrants on foreign shares of OUB
        387 14  -  By Quak Hiang Whai SINGAPORE Barclay de Zoete Wedd Warrants Ltd (BZW), a subsidiary of Barclays de Zoete Wedd Ltd, plans to issue 100 million warrants on the foreign shares of Overseas Union Bank (OUB). This would be the second covered
        387 words
      • Article, Illustration
        Lock icon US investment fund halves stake in Goldtron to 4.4%
        303 14  -  By William Chia SINGAPORE College Retirement Equities Fund (CREF), a US investment fund, has almost halved its stake in Sesdaq-listed electronics company Goldtron Ltd to 14.7 million shares or 4.43 per cent. CREF announced on Monday that it had sold a
        Source: Bridge Info  -  303 words
      • Article, Illustration
        Lock icon No reason for heavy trading: Guthrie
        197 14 SINGAPORE Guthrie GTS yesterday said it did not know why the trading volume of its shares shot up earlier this week. The company was responding to a query from the Stock Exchange of Singapore. Some 9.6 million Guthrie shares changed hands on Monday before
        Source: Bridge Info  -  197 words
      • Article
        Keppel becomes substantial Tat Lee shareholder with 5.01% stake
        368 14 SINGAPORE Keppel Corp has become a substantial shareholder of Tat Lee Bank, with an increase in its stake to just over 5 per cent of the capital of the bank. In a disclosure yesterday, Keppel said it acquired 50,000 shares in
        368 words
      • Article, Illustration
        Telecom's VOD to fight cable TV with quality programming
        489 14  -  By Genevieve Cua SINGAPORE Quality programming will be the key to getting subscribers to tune into Singapore Telecom's video-on-demand (VOD) services, instead of cable television, said a Singapore Telecom executive. In the latest issue of Telecom's magazine Keylines, the group's project
        489 words
      • Article
        Lock icon Southern Steel, Hong Leong unit revise merger terms
        139 14 Bernama KUALA LUMPUR Southern Steel Bhd said the share transaction for the proposed merger of its wire mesh business with Hong Leong Industries Bhd's wholly-owned subsidiary Brisk Steel Product Sdn Bhd (BSP) would now be revised through the issuance of 924,658 new
        Bernama  -  139 words
      • Article
        China Merchants Shekou Port closes at 2% above offer price
        302 14 SINGAPORE China Merchants Shekou Port Service (CMSP) made its debut yesterday on the main board of the Stock Exchange of Singapore opening at HKS4.3O (77 Singapore cents) but closing at HK53.875 or about 2 per cent above its offer price.
        302 words
      • Article
        Lock icon Metroplex banking on casino in Subic Bay
        404 14 Reuter KUALA LUMPUR Malaysia's once staid Metroplex Bhd is gambling that the property company can hit the jackpot with a newly-acquired casino in Manila's Subic Bay. The property, hotel and quarrying firm is viewed as a wallflower stock, whose steady but unexciting earnings
        Reuter  -  404 words
      • Article
        Lock icon Goodman Fielder, Defiance drop rationalisation plan
        285 15 Reuter SYDNEY Goodman Fielder Ltd and Defiance Mills Ltd said they have withdrawn their rationalisation plan for their respective baking and milling operations in Queensland and Western Australia. They said the change in industry conditions has prompted the companies to withdraw their plans to
        Reuter  -  285 words
      • Article
        Lock icon Motorola's 2nd-qtr net income up 31%
        306 15 Reduced costs, robust sales, higher margins lead to improved results Bloomberg Business News SCHAUMBURG, Illinois Motorola Inc posted secondquarter earnings that were better than expected because of reduced costs, as well as robust sales of its cellular phones and telecommunication products. Net income rose
        Bloomberg Business News  -  306 words
      • COMPANY BRIEFS
        • Article
          Lock icon Consolidated awaits Philippine decision
          42 15 AFP HONGKONG Consolidated Electric Power Asia Ltd will wait for notification from the Philippines on whether bidding for the Malampaya power project is to be re-opened before submitting a new bid, executive chairman Gordon Wu said here yesterday.
          AFP  -  42 words
        • Article
          Lock icon Enron takes out political risk insurance
          88 15 Bloomberg Business News BOMBAY Enron Oil and Gas Inc, whose parent company is involved in a major contract dispute with the Maharashtra government, has taken out US$2OO million (Ss2Bo million) in political risk insurance for an offshore oil venture, says the Economic Times. The
          Bloomberg Business News  -  88 words
        • Article, Illustration
          Lock icon Paxson debuts on Amex
          38 15 Business Wire NEW YORK Lowell Bud Paxson, chairman of Paxson Communications Corporation, ringing the opening bell at the American Stock Exchange on Monday when Paxson Communications began trading its shares on Amex. Business Wire
          Business Wire  -  38 words
        • Article
          Lock icon Regal forms joint venture in China
          74 15 Reuter HONGKONG Regal Hotels Group said it has agreed to form a company with China's Ministry of Internal Trade to provide hotel management, training and consultancy services in China. The joint venture. Regal Hualian Hotel Management Co, will belong 60 per cent to Regal's
          Reuter  -  74 words
        • Article
          Lock icon Daewoo to export 150 buses to Taiwan
          57 15 AFP SEOUL South Korea's Daewoo Corp has signed a contraet to export 150 buses worth US$l5 million to Taiwan, a first for a Korean firm. "The contract is very meaningful to Daewoo since it has overcome the Taiwan government's stifT regulations on bus
          AFP  -  57 words
      • Article
        Banks in talks to buy Smith New Court
        143 15  -  From Neil Behrmann in LONDON SEVERAL international investment banks are in discussions with Smith New Court on a possible takeover of the London-based securities firm. In a terse announcement yesterday, Smith's board said that it was in talks with a "small number
        143 words
      • Article
        Lock icon Oracle seeks 60% annual growth in Asia Pacific
        281 15 Reuter SINGAPORE Oracle Corp is targeting its Asia-Pacific sales of applications software to rise by 60 per cent annually in the next three years, hitting US$lOO million (Ssl4o million) by 1998, senior company executives said yesterday. "We are looking at 60 per
        Reuter  -  281 words
      • Article
        Lock icon Associated British Foods buys Kraft's edible oils business
        210 15 Bloomberg Business News LONDON Associated British Foods pic, the UK food processor and retailer, has purchased Kraft Foods' edible oils business for an undisclosed amount. Associated said the Memphis, Tennessee-based oil unit has a 13 per cent share of the American market
        Bloomberg Business News  -  210 words
      • Article
        Lock icon International Paper's second quarter profit trebles
        440 15 Strong demand for all its paper and packaging products Bloomberg Business News PURCHASE, New York International Paper Co said sec-ond-quarter earnings more than trebled on strong demand for all of its paper and packaging products, and announced a two-for-one stock split. The world's largest
        Bloomberg Business News  -  440 words
      • Article, Illustration
        Lock icon Short-term solution for Shell
        61 15 Reuter STAVANGER, Norway The Brent Spar oil storage vessel being towed into the Norwegian Erfjord on Tuesday. This followed Shell Oil's decision to cancel plans to sink the vessel in the Atlantic. The Norwegian government has provided the fjord as a temporary storage site while alternative
        Reuter  -  61 words
      • Article
        Lock icon David Jones shareholders vote to sell or float department store chain
        312 15 AFP SYDNEY Shareholders in Australian retailer David Jones yesterday voted overwhelmingly in favour of a trade sale or float of the department store chain. At the meeting, 117 shareholders supported the resolution to proceed with a trade sale or
        AFP  -  312 words
      • Article
        Lock icon Indian panel calls for tighter rules on share disclosure
        365 15 AFP, Bloomberg Business News BOMBAY Indian firms which are floating share issues should be bound by tougher disclosure norms, a panel appointed by the stock markets regulator has suggested. "Investor protection is fundamental to healthy growth of the capital market," said
        AFP,; Bloomberg Business News  -  365 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Malaysian, Hongkong equity funds top Asian sectors
        566 16 SCMP HONGKONG Malaysia and Hongkong equity funds outperformed other Asian sectors in the first half of this year with a return of more than nine per cent, according to the Hongkong Investment Funds Association. On a one-year and threeyear basis, the Thai and
        SCMP  -  566 words
      • Article
        Lock icon HongkongBank to set up new China representative offices
        376 16 Reuter HONGKONG HSBC Holdings pic's Hongkong and Shanghai Banking Corp intends to establish representative offices in the Chinese cities recently opened up for the establishment of foreign bank branches. "I believe many places do offer long-term development potential," said Eddie Wang, Hongkongßank's
        Reuter  -  376 words
      • Article
        Lock icon Westpac is first NZ bank to cut home mortgage rates
        307 16 Bloomberg Business News WELLINGTON Westpac Banking Corp tested the central bank's resolve to keep interest rates high by becoming the first New Zealand bank in more than a year to cut home mortgage rates. That marks the first decline in
        Bloomberg Business News  -  307 words
      • SMALL CHANGE
        • Article
          Lock icon Taiwan state banks post record profits
          94 16 AFP TAIPEI Two of Taiwan's leading state-run banks chalked up record pre-tax profits in the year to June, banking officials said yesterday. First Commercial Bank Ltd posted a 4.7 per cent rise in pre-tax on the previous year to US$6.B3 billion (559.6 billion), officials
          AFP  -  94 words
        • Article
          Lock icon AIG to create US$2.2b Asian fund
          65 16 Bloomberg Business News HONGKONG The American International Group Inc, an insurance company, plans to start a US$2.2 billion fund for making investments in Asian infrastructure projects. According to the South China Morning Post, AIG decided to create the new fund because investor demand was
          Bloomberg Business News  -  65 words
        • Article
          Lock icon Postal bank reports 51m mark profit
          84 16 Reuter BONN Deutsche Postbank AG, the banking arm of the German postal ministry, on Tuesday reported a 51 million mark (5550.8 million) profit for 1994 after a 16 million mark loss in 1993. Postbank, which was reorganised as a limited stock company at the
          Reuter  -  84 words
        • Article
          Lock icon Societe Generale put on credit watch
          47 16 Bloomberg Business News PARIS Societe Generale's long-term debt was placed on credit watch with a view to a downgrade, while the rating for another French bank, Banque Nationale de Paris, was cut by debt rating company Standard Poors. Bloomberg Business News
          Bloomberg Business News  -  47 words
      • Article, Illustration
        Lock icon Goldman hires ex-WTO chief Sutherland
        213 16 NYT NEW YORK Peter Sutherland, the former director-gener-al of the World Trade Organisation, will join the Wall Street firm as a general partner and chairman of Goldman Sachs International, Goldman Sachs LP said on Tuesday. Mr Sutherland, 49, is also a former attorney-general of Ireland
        NYT  -  213 words
      • Article
        Lock icon Aussie central bank's independence questioned
        217 16 Reuter CANBERRA Criticism of the political opposition by Australia's Reserve Bank (RBA) governor Bernie Eraser has damaged efforts to convince overseas investors the central bank is independent, economists said yesterday. In a speech on Tuesday, Mr Eraser described as a "hollow sounding throw-away" an opposition
        Reuter  -  217 words
      • Article
        Lock icon HK banks discuss deregulation of time deposits
        354 16 Central bank seeks views on proposal to create new category of time deposits South China Morning Post HONGKONG Banks are being sounded out about deregulating interest rates on time deposits of more than 72 hours as a way to resuming the postponed timetable
        South China Morning Post  -  354 words
      • Article, Illustration
        Untitled
        1616 16 Iladt- we/tthu-d indtx cakuUited attain SjMrrt htf 14 trading partmr\ Ha imt /M 5 US$/S$ forward rates Noon /Jul 12 s$ Bid Offer 1-month 1.3970 1 3985 2-month 1 3947 I 3962 3-month 1 3919 1 3934 6-month I 3837 1.3857 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am
        1,616 words
      • Article
        Lock icon Oil continues slow recovery
        310 16 tCNOaS* REPORT Reuter LONDON Oil extended its gains, continuing its slow recovery from Monday's 1995 low, but brokers believe prices may come under pressure later in the week. Two sets of key weekly statistics on US primary oil stocks made only the faintest impact on the
        Reuter  -  310 words
      • Article
        Lock icon Currency Reports:London
        206 16 Reuter LONDON The dollar clung to some of its overnight gains in European morning trade, but was expectcd to trade in a narrow range supported by a firm undertone. The Bundesbank Council meeting today and US inflation data today and tomorrow are keeping some on the sidelines and
        Reuter  -  206 words
      • Article
        Lock icon New York
        93 16 AFP NEW YORK The dollar was stable against other major curreneies yesterday in light trading on the eve of the last meeting of the German Bundesbank's central council ahead of the summer break. At around 1415 GMT, the dollar was trading at 1.4030 marks compared to 1.4074 on
        AFP  -  93 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, Eurodollars end little changed
        1393 17 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Eurodollar futures ended little changed after moving within narrow ranges. Dealers said that the Euroyen was stuck in tight ranges and looking to stocks and foreign exchange for direction in the near term. It was sold in the
        Reuter  -  1,393 words
      • Article
        Tokyo gold ends higher on yen's fall
        660 17 COMMODITY REPORTS Gold TOKYO: Gold futures closcd higher due to the dollar's rise against the yen combined with firm prices overnight in New York. Traders said activity remained subdued, with a lack of decisive direction other than that from the currency market. Gold
        660 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          China set to stay major force in sugar
          131 17 SINGAPORE With its huge import needs. China is set to remain the sugar market's juggernaut in 1996, playing a big part in dictating trade flows and prices, traders said. Market sentiment about 1996 has been buoyed by recent huge floods. Some concerns
          131 words
        • Article
          Mitsui hikes zinc price
          43 17 TOKYO Japan's Mitsui Mining and Smelting Co said it raised its domestic sales price of refined zinc effective yesterday by 6,000 yen (Ss96) per tonne to 130,000 yen. Mitsui is the recognised price leader for Japan's domestic zinc market.
          43 words
        • Article
          Japan's Akita zinc smelter to close?
          65 17 TOKYO Major non-ferrous metals player Mitsubishi Materials Corp is moving towards closing its zinc smelter in Akita city by the end of fiscal 1995-96 (Apr-Mar), according to a Japanese press report. Company officials will be holding meetings within the next few days to explain
          65 words
        • Article
          LME's first delivery to US warehouse
          99 17 NEW YORK The London Metal Exchange copper warehouses in the US saw their first delivery of material yesterday when 300 tonnes arrived at its California location. While some of the US LME warehouses had officially been listed for the storage of copper since April
          99 words
    • Article
      COMMODITY PRICES
      1537 17 SICOM Futures Jul 12 Rubber Physical Prices (futures closing as at 5.30pm) i^Duyer> sciivfa RSS1 Contract (S cents/kg) As at 12 noon (S cents/kg) Close Volume Open Month High Low Sell (tonnes! Interest RSS 2 Aug 95 196.50 I 97.50N Aug 95 ***** I9V00 197 00 200 1650
      1,537 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1015 18 +3.6 SHARES closed higher yesterday despite weak offshore bourses as investors snapped up News Corp shares and leading resource stocks. "It was again a fairly good show given the back-drop of overseas markets where we saw the Dow Jones particularly down a bit," said a dealer. The All Ordinaries
        1,015 words
      • Article
        Manila
        595 18 +4.2 Share prices rose as money spilled over from the intense interest in newly-listed Pilipino Telephone (Piltel). "There is a darling stock right now, making up 37 per cent of the market, and that is Piltel," a trader said. The PSE Composite Index rose 4.2 points to 2,914.4. Turnover
        595 words
      • Article
        Taipei
        569 18 +29.82 Share prices finished 0.5 per cent higher on active trading, with constructions registering the largest jump. "Construction shares were boosted by the government move to ease investment limits on real estate by local commercial banks," said a dealer. The 321-issue Weighted Price Index gained 29.82 points to 5,624.69.
        569 words
      • Article
        New Zealand
        328 18 -9.49 Stocks fell as the central bank moved to halt any further decline in interest rates and forestry stocks declined on expectations world pulp and paper prices have peaked. The NZ.SE-40 Capital Index dropped 9.49 points to 2,141.83, after rising 7 per cent in the prior eight days
        328 words
      • Article
        Seoul
        465 18 +2.23 Share prices bounced back to close higher, buoyed by favourable market fundamentals and abundant liquidity. The Composite Price Index posted a 2.23-point gain to 962.22. Turnover was 48.43 million shares valued at 831.83 billion won. Falls beat rises by 537 to 275, with 111 counters ending unchanged. By
        465 words
      • Article
        Bombay
        159 18 +30.05 Stocks rose for a fourth day, taking the benchmark index to its highest close of the month, amid optimism that foreign investors might return to the market soon. Hopes for the reintroduction of forward trading and the creation of a central share depositary, together with the US interest
        159 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        867 18 Britannia Funds Merlin* Cash Bid Offer Mim Cap Deposit J* MOO 1* 6500 Mim Jersey (jdl 0.189] 0.1992 Mint Mu Income *0 9200 *0 9600 I SS Cash Income Plus Fund 10 MOO II MOO PS Reserve Fund J 5200 S 5300 Sterling Kquity Euro Performance 0.4592 0 4938 Far
        867 words
      • Article
        London
        709 18 -13.4 UK STOCKS dropped from Tuesday's 17-month high as insurance stocks reacted to growing price competition and gains in food retailers evaporated. A decline in US stocks on Tuesday sparked concern that slowing growth in the world's biggest economy will dent company earnings prospects on both sides of the
        709 words
      • Article
        Paris
        150 18 +0.34 French shares ended a fairly active day slightly higher, pulled by share futures and improved bond markets, after spending much of the day in the red. Most investors are taking to the sidelines ahead of the Bundesbank council meeting today. Some US data, due today and tomorrow, are
        150 words
      • Article
        Frankfurt
        204 18 +6.17 German stocks rose as higher hopes for exporter earnings offset a slump in Financials. Car-maker DaimlerBenz and airline Lufthansa, buoyed by the dollar's recent gains, led the advance, pulling the DAX Index up 6.17 points to 2,200.32. "A dollar over 1.40 marks is really cheering." said a trader.
        204 words
      • Article
        Brussels
        230 18 +0.59 Belgian stocks closed little changed, as the dollar preserved its recent strength, offsetting suspicions that the Bundesbank is not going to cut rates this week. Hopes for a rate cut were not encouraged after the Bundesbank yesterday left its securities repurchase rate, a key wholesale money rate, unchanged
        230 words
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        Milan
        153 18 +40 Italian stocks closed higher for the fifth consecutive day, led by telecommunications shares, amid optimism that a pension reform package will pass a vote of confidence in Parliament today. "The markets have already discounted the prospect that the reforms will pass and weren't affected by the confidence vote,"
        153 words
      • Article
        Amsterdam
        256 18 +2.45 Dutch shares closed the session with the AEX Index up 2.45 points to a record 456.44. spurred on by US investors piling into Philips stocks. "There are no fundamental reasons for the current bull run," an analyst said. Aggressive US buying of Philips had unleashed a bandwagon effect,
        256 words
      • Article
        Stockholm
        173 18 +3.09 Swedish stocks were generally fiat, saved by Ericsson which picked up 2 per cent on second-quarter profit from US rival Motorola. Telecoms group Ericsson, gaining three crowns to 155.0, followed gains by Motorola and Finland's Nokia. "These three shares tend to follow each other," said a broker. The
        173 words
      • Article
        Johannesburg
        361 18 +21 Gold counters led shares higher as gold price gains sparked renewed interest following a dull morning session, dealers said. They said the rise in industrials followed declines on Tuesday, and reflected improved sentiment after recent lethargy. The Overall Index closed 26.5 points up to 5,434.8, the Industrial Index
        361 words
      • Article
        Toronto
        226 18 +9.70 Stocks climbed early, extending their recent move into record territory, with gold, and base metal stocks leading the charge. The TSE 300 Composite Index rose 9.70 points to 4,659.50 on volume of 11.40 million shares valued at CslBo million. Advancing issues outpaced declines 232 to 180, with 210
        226 words
      • Article
        New York
        697 18 1.73 Stock prices turned narrowly mixed in active trading as the market faced continued profit taking despite firmness in bonds. The Dow Jones Industrial Average, which dropped 21.79 points on Tuesday, was ahead 1.73 to 4,682.33 at 1 lam EDT. The NYSE Composite Index was unchanged at 297.17,
        697 words
      • Article
        Zurich
        19 18 Swiss shares closed at a new high for the year, helped by derivatives-related buying and soaring German futures
        19 words
    • Article, Illustration
      Lock icon HONGKONG
      2964 19 Bloomberg Business News HONGKONG Stocks ended lower as investors looked for signs the Federal Reserve will cut interest rates again. Cheered by the lowering of rates in the US, they are carefully watching America's economy for signs of enough slowing to encourage another cut. "There is no debate about
      Bloomberg Business News; Source: Bridge Info  -  2,964 words
    • Article, Illustration
      Lock icon CHINA
      620 19 CLSA IN Hongkong, the H share index gained 8.04 points to 1,200.96 on turnover of HK524.6 million. Qingling Motors, up 4.9 per cent, and Jilin Chemical, up 3.1 per cent, were the best performers while Guangzhou Shipyard fell 5.1 per cent. The Shanghai B Index fell 0.2 per cent
      CLSA  -  620 words
    • Article, Illustration
      Lock icon TOKYO
      2502 19 Bloomberg Business News TOKYO Stocks rose for a seventh trading session as gains in construction shares overcame domestic institutions' concern that the economy is souring. "Many local individual investors are rotating out of electronics into the construction sector," said a dealer. The Nikkei Average rose 17.55 points to 16,605.74.
      Bloomberg Business News; Source: Bridge Info  -  2,502 words
    • Article, Illustration
      Lock icon JAKARTA
      1179 19 Reuter JAKARTA Shares prices ended mixed in moderate trading, with players seen focusing on Dharmala Sakti Sejahtera, while the overall market tone remained sofl. brokers said. The Composite Index fell 0.28 of a point to close at 507.23. Brokers said Dharmala Sakti fell sharply on news reports that Bankers
      Reuter; Source: Bridge Info  -  1,179 words
    • Article
      CLOB INTERNATIONAL
      2338 20 Gf (if 1999 L*M Vol Da) Last Quote l)l> 1M* Md Nd M High Low (oapu) Sale ("000) High l-ow Buyrr Sclkr C"»f P'K *mil MALAYSIAN STOCKS 47a i m MSB 50c 398 unch 162 404 394 394 398 JO -2.9 0 2 408 2 127 775 m
      2,338 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Index rises as foreign funds bid up blue chips
        7067 20 Bloomberg Business News KUALA LUMPUR Stocks rose as foreign funds bid up blue chip shares, while local investors gambled on smaller, acqui-sition-minded companies. Last Thursday, the Federal Reserve lowered a key interest rate, encouraging some foreign fund managers to transfer money
        Bloomberg Business News; Source: Bridge Info  -  7,067 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        9156 21 1 MAIN BOARD Cf b M »t Lasl Vol I>a> La«l Quote D»» Dl» YM Nd (up A«| High Lo» („mpa Sal* ("000) High Low Buser Stilt' Cn P'E $■>>! W" INDUSTRIAL AMD COMMERCIAL 498 3*2 mil VauM 486 +14 648 440 472 484 486 22 5 5 8 2
        9,156 words
      • Article, Illustration
        Lock icon Turnover falls 36% as investors play the waiting game
        1919 22  -  By Paul Leo SINGAPORE The local stock market took a breather yesterday as investors got a feel of the profits in their pockets. "There's no hurry to get back into the market," said a dealer, adding that players are waiting for
        Charts by Bridge Info; Source: Bloomberg  -  1,919 words
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      11 13 Telecom's VOD to fight cable TV with quality programming, PR 14
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      324 13 NEWS VALUE Olivetti to dose Singapore factory and retrench 550 staff (pg I) No local factors involved in the decision. Property prices may fall at most 10%: consultants (pg I) Such moderate forecasts have the stock market on their side currently. Thai cellular phone operator to launch IPO in September
      324 words
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      103 14 Biz Card Manager^ The easiest way to manage all your business contacts! B gß' i pmHMMI f Biz Card Manager scans and reads all your business cards and automatically creates a database of your business contacts. With Biz Card Manager, you can... Scan cards (any orientation) OCR and read card
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      60 15 FOR LEASE WISMfi SOQNOMfiL Modern building strategically located at No. 75, High Street, adjacent to Parliament House. Approximately 2,800 to 14,000 sq ft Ground floor/basement ideal for banking hall/shops TOP expected in August 1995 Individually controlled air-con Very attractive rental Excellent accessibility via major expressways and public transportation 5 minutes
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      311 15 CP* n X m Fine Wine Facts &/iateaity^(& The Boutique of Bordeaux In just ten years a cult following for the microscopic quantities of Le Pin has propelled this tiny vineyard to the height of Bordeaux's greats. The Thienpont family, owners of Vieux Chateau Cert an purchased the miniature Chateau
      311 words
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      49 16 You may have been unable to get your Business. Times, Straits Times, Sunday Times, LianHe Zaobao arid other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, caN Customer Services Section on 1800-749-2577, and ask tor home or office delivery service.
      49 words
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      277 17 INFliilirr I An SPH AudioTex Service ENGLISH NUMBER Children's Funland:AmmaiQuiz 910 0001 Usborne™ Puzzle Adventures 910 0002 The Plot Thickens Horse Racing Results 911 0001 4D/SWeep/TOtO: T oto Draw No 990; Win Pfzes l 911-0002*11 Tele-Games 911-0003 Crack The Safe Mrs Wizard's Crystal Ball 11 Mensa Line 911 0004 Puzzles
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      20 17 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
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      41 18 Piaget. True values never change. M' x Piaget Boutique and Service Centre. S *01-01 Mandarin Shopping Arcade, j p. 77?t* Mandarin Singapore. "^^^lfSHg fw 333 Orchard Road, Singapore 0923 Pagettimil'?*WK!WmL~~ 1m jw*****31 measured only in Rectangular p :jm mechanical JWBtfW <7fl^
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      148 19 ADVERTISEMENT I Over 30 years of experience has led /ff\ Svenson to the Single Hair System 1 jg| Br Svenson has helped thousands of people counteract hair and scalp problems with their m- ~m unique formulations based on research from leading institutions the world over. With years Wg/FWjgWW of technological
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      61 20 SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel *****20 Lucky Plaza Tel. *****62 Scotts Tel *****27 Centrepotnt Tel *****98 Peninsula Plaza Tel *****09 Raffles Hotel Tel *****41* World Trade Centre Tel *****51 Changi Airport Terminal 1 (West Wing) Tel *****60. Terminal 2 (South Wing) /JJ Tel *****81 MALAYSIA THE HOUR
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      135 22 TOLL—FRER TRL. No. 1-800-74,1-1683 WAX.74I-1298 NOTICE IS HEREBY GIVEN that, I, TAY HOR PENG of 89-A, Joo Chiat Place, Singapore 1542, have applied for a Beer House, First Class Licence in respect of M/s Hor Peng Eating Hous* located at 51, Rowell Road Singapore 0820, and that this application will
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      Page 22 Advertisements Column 2
      312 22 IN THE MATTER Of THE COMPANIES ACT, CHAPTER 50 ANO IN THE MATTER OF OEKA-MATRA COMMUNICATION (FAR EAST) PTE LTD (IN LIQUIDATION) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which Is being voluntarily wound up, are required on or before 13 AUGUST 1995. to send in
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      532 22 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, KIMWELL ENTERPRISE PTE LTD of 20/22 Holland Grove Road, Singapore 1027, hereby give notice that in consequence of the purchase of ihc vessel "IMAYOSHI", we have applied to the Registrar of Singapore Ships under Section 386 of the Merchant Shipping Act
      532 words
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      Page 22 Advertisements Column 4
      656 22 Singapore Closing Share Price* 12/07/1999 CLOU MOT LOW MOM W W IM UN Mil// MbM mhHH 7.SO 7.29 7.40 7J0 F 6553*1 >MlntMrito«k 3.30 3.38 32* 3.34 LwJ Mry F«rm 0.8® 0.880 0.8S 0.918 SSfi Hongkong Lam4 1.01 1.83 1J0 1.84 E11L1LUJ Mwrtiriii OriwM 1.08 1.00 14)7 1.08 Mm 8fc—«»C
      656 words
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  • Shipping Times
    • Article
      Lock icon DAILY FREIGHT
      540 23 Reuter KnightRidder SHIPOWNERS appeared to have won the current battle in rates on the key US Gulf-Japan grain run with charterers conceding firmer rates, brokers said. PANAMAXES: One or two charterers last week were seeking to push rates below US$32 without combination ports for 52,000long ton heavy grain,soybean
      Reuter; Knight- Ridder  -  540 words
    • Article
      Lock icon Insurers may face A$30m bill for BHP's grounded bulk carrier
      343 23 Bloomberg Business News, Reuter SYDNEY Insurers for resources concern Broken Hill Propriety Co (BHP) could face a As3o-million (5530.3 million) bill after one of the company's bulk carriers ran aground off Tasmania, spilling fuel oil, The Australian Financial Review reported
      Bloomberg Business News,; Reuter  -  343 words
    • Article
      Lock icon Japanese freighter sinks after collision
      104 23 AFP TOKYO A small Japanese freighter sank after colliding with a Singaporean-registered tanker off the southern tip of Japan's main island of Honshu yesterday, the Maritime Safety Agency said. The 159-tonne Hamako Mara sank two hours after it collided with the 4,565-tonne tanker Neptra Progress
      AFP  -  104 words
    • Article
      MARITIME STOCKS
      317 23 SES '000 Jul 12 S$ Vol C'WT Distribution 1.65 +0.02 86 Chuan Hup Holdings 1.22 +0.01 52 Cosco Investment 1.72 -0.01 71 Cosco Investment A 1.74 Far East Levingston 7.05 +0.10 1542 GB Holdings 0.78 -0.03 25 Hai Sun H up Group 0.915 0.005 503 Hitachi Zoscn 0.97
      317 words
    • Article, Illustration
      Freight Links Express group to treble warehousing space
      431 23  -  By Thomas Wee SINGAPORE Freight-for-warding group Freight Links Express Holdings (FLEH), granted in-principle approval for a Sesdaq listing, has embarked on an expansion programme to treble its warehousing space and boost pallet location capacity 10 times. The group currently offers total warehouse
      431 words
    • Article
      Kuehne & Nagel gets ISO 9001 certification
      230 23  - Kuehne Nagel gets ISO 9001 certification By Alec Almazan SINGAPORE Swiss freight forwarding multinational Kuehne Nagel was recently awarded ISO 9001 certification for all its companies and business sectors worldwide. "This is a first in the industry as we are the only freight forwarding organisation to achieve ISO 9001 on
      230 words
    • Article
      Lock icon Strike hits operations at South African port of Durban
      357 23 Knight-Ridder LONDON Operations in the port of Durban, South Africa, are being severely affected by the industrial action resulting from the deadlock in the 1995 wage negotiations between port authority and union officials, according to Lloyd's Intelligence. The negotiations are between
      Knight-Ridder  -  357 words
    • Article
      Lock icon MISC to upgrade Straits of Malacca service
      301 23 Bernama PORT KLANG Malaysian International Shipping Corporation Bhd (MISC) has upgraded its Straits of Malacca service from the previous schedule of two sailings a week to five sailings a week since July 9. The Port Klang-Singapore-Port Klang container feeder service is operated with
      Bernama  -  301 words
    • Article
      Straits Shipping to launch service to Haiphong
      190 23 SINGAPORE Straits Shipping, a wholly-owned subsidiary of listed Steamers Maritime Holdings, will launch a Singapore-Haiphong service on Tuesday. The company will deploy the Caraka J ay a Niaga 111-22 on this regular container feeder service. A second ship will be introduced later. Straits
      190 words
    • Article
      Lock icon Arab shipyard's business boomed in first quarter
      192 23 AFP ABU DHABI The biggest drydocks in the Middle East recorded a sharp increase in business in the first quarter of 1995 after a surge in net profits last year, according to an official report. The Bahrain-based Arab Shipbuilding and Repair Yard (Asry)
      AFP  -  192 words
    • Article
      Lock icon Indon port operator plans listing next year
      105 23 Reuter JAKARTA Indonesia's state-owned port operator, PT Pelabuhan Indonesia 11, which controls Jakarta's Tanjung Priok port, plans to float its shares on the Jakarta stock market next year, the official Antara news agency said yesrterday. President-director A Harbani was quoted as saying that
      Reuter  -  105 words
    • Article
      Lock icon Shipwreck register to be published
      416 23 Reuter LONDON Treasure hunters can't believe their good luck. A retired British navy officer and his wife are publishing an index to the thousands of shipwrecks from remote antiquity to the present day around the coasts of Britain, the world's biggest maritime graveyard. Their Shipwreck
      Reuter  -  416 words
    • Article, Illustration
      Lock icon Shippers say no to currency change
      1230 24  -  The fall in US dollar has led carriers to consider billing in yen or marks. Chris Gillis and Robert Mottley say the idea has ruffled the feathers of shippers Chris Gillis, Robert Mottley American Shipper Most bills of lading sent to United States shippers
      American Shipper  -  1,230 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      311 24 P age •ANL 3 Able 7 Accord 10 •Ahlcrs 6 •Ahrenkiel 4 •Appenship 4 Astro 10 Austral 11 Avant 6 BSA II Batamindo 7 Bright Express 6 •CCNI 4 •CMA II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho
      311 words
    • Article
      THE SHIPPING GUIDE
      11236 30 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore-followed by the ETA at the destination. The page number refers to the location of the schedule advertisement. ETA ETA Mvwttstf Vnsal Voyage Pg I SIN Dnt'l Name Nime No N*. A
      11,236 words
    • SHIPS IN PORT
      • Article
        CONTAINER SCHEDULES
        1677 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rttts Ship Voy Ho Etb/Btr Ported From To Fran Aci Clow 002B 14/2359 1A 12/1500 12/1659 12/1900 IB 12/1500 12/1659 12/1900 3 13/0700 13/1159 13/1400 4 13/1200 13/1159 13/1700 Aci lade 246B 14/1100 IB 12/1500 12/1659 12/1900 2A
        1,677 words
      • Article
        AT CONVENTIONAL WHARVES
        577 35 Vftt«l Voy Ho forth Arrival Departure_ Jurong Poet (BT) Wapa Jaya J1 alongside 13.07/2300 Batam Bahagia 07/02/95 J1 alongside 13.07/2300 Batam Murro 07/02/95 J2 alongside 13.07/2300 Dwt Guna 07/02/95 J21 alongside 13.07/2300 taller 22 J4/5 alongside 13.07/2300 Ko«ndo 07/05/95 J8 alongside 13.07/1300 SPC Virgo J20 alongside 13.07/0200
        577 words
      • Article
        COCKETT BUNKER MARKET REPORT
        800 35 THIS 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 arc based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        800 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        OAA chief sees closer ties among regional airlines
        376 36  -  By Alec Almazan SINGAPORE Changes in the operating environment in both Europe and the AsiaPacific will move regional airlines towards increased cooperation. "Individual profitability, vast distances, different languages and cultures have in the past militated against any degree of cooperation between airlines
        376 words
      • Article
        Airline group calls for halt to purchases
        270 36 HONGKONG A group representing the region's top airlines has called on its members to stop buying new aircraft in a bid to cut worrying over-capac-ity in the market. The call comes as the Orient Airlines Association is warning of a possible price war
        270 words
      • Article, Illustration
        Lock icon Train crashes at station
        71 36 Reuter LARGS, Scotland A passenger train disappearing through a section of the ticket office at Largs station after a crash on Tuesday. The 6.15 am train from Glasgow failed to stop and crashed through the buffers and ticket office before coming to a stop outside the
        Reuter  -  71 words
      • Article
        Lock icon Toyota to cut 1995 output, sales and export forecasts
        342 36 Bloomberg Business News TOKYO Toyota Motor Corp is cutting its 1995 production, sales and export targets in response to stiffer-than-expected competition at home and the strong yen, which has damaged its competitiveness abroad. Toyota, Japan's leading car maker, will announce details
        Bloomberg Business News  -  342 words
      • Article
        Lock icon Lufthansa aircraft took off without permission at Heathrow
        247 36 AP LONDON A Lufthansa Airbus A3OO took off from London's Heathrow Airport without permission, passing above and behind a taxiing Boeing 737 and two vehicles which had just crossed the runway, a government report said on Tuesday. The crew of the German
        AP  -  247 words
      • Article
        Lock icon Airline group sees little cheer from expected 2nd-qtr profits
        219 36 Reuter WASHINGTON The airline industry's expected profits for the second quarter, due to be released in the next few weeks, does not mean that its problems are behind it, Air Transport Association (ATA) president Carol Hallett said recently. The airline industry
        Reuter  -  219 words
      • Article
        Lock icon Mercedes all set to sign US$1b China deal
        255 36 Bloomberg Business News STUTTGART MercedesBenz AG said it expects to sign a letter of intent to set up a US$l billion (SSI.4 billion)joint venture to produce vans and engines in China. The company said it already signed a letter of intent yesterday
        Bloomberg Business News  -  255 words
      • Article
        Lock icon KL's second airline to provide ground services
        236 36 AFP KUALA LUMPUR Malaysia's second airline, grounded after pressure by national carrier Malaysia Airlines, will launch ground services while awaiting permission to fly, officials said yesterday. But company officials said they were still bent on launching Air Asia Sdn Bhd as soon as
        AFP  -  236 words
      • LOG BOOK
        • Article
          Lock icon DHL plans to expand China service
          111 36 Bloomberg Business News LONDON DHL international, a global air freight delivery service, said it will begin expanded services to 26 cities in China by the end of next year. The Brussels-based DHL International already serves 10 Chinese cities. The company will expand its present
          Bloomberg Business News  -  111 words
        • Article
          Lock icon J AL-American Airlines' cargo tie-up
          96 36 AFP TOKYO Japan Airlines (JAL) and American Airlines have concluded a wide-ranging agreement to collaborate in cargo transport service, a JAL spokesman said yesterday. Under the agreement, American Airlines will sell cargo space to JAL in 14 US states and in Latin America, while JAL
          AFP  -  96 words
        • Article
          Lock icon More smoke-free international flights
          97 36 Reuter MINNEAPOLIS Northwest Airlines Corp and KLM Royal Dutch Airlines said they will significantly expand the number of smoke-free international routes beginning this fall. All of the airlines' flights between the United States and Canada and Europe, and all KLM flights within Europe will become smoke
          Reuter  -  97 words
        • Article
          Lock icon Polish airline orders a B737
          79 36 Reuter SEATTLE, Washington Boeing Co said on Tuesday that LOT Polish Airlines has placed an order for one 737-400 jetliner, valued at US$49 million (5568.6 million). The order brings to 150 the total number of commercial jet orders for Boeing in the first six months
          Reuter  -  79 words
        • Article
          Lock icon Philippine car sales soar 43%
          82 36 UPI MANILA Car sales in the Philippines jumped 43 per cent to 34,713 units for the first half of 1995 from 24,221 units in the same period last year, vehicle manufacturers said on Tuesday. The Chamber of Automotive Manufacturers of the Philippines said Japanese car
          UPI  -  82 words
        • Article
          Lock icon More S Africa-US flights
          103 36 UPI JOHANNESBURG South African Airways said on Tuesday that it would add two more weekly flights between South Africa and the United States to meet growing business and tourism demands. SAA's chief executive Mike Myburg said an ever increasing demand for seats on the airline's trans-Atlantic
          UPI  -  103 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1523 36 AIRCRAFT ARRIVALS DEPARTURES Cttjr np TO FlifM IT® Ma DfcaH GA895 0050 GA985 1215 GA975 1335 ***** 1305 Maiaida QF06I 1930 QF082 2055 SO228 2055 AmttnUa KL843 0455 KL838 2300 SQ025 0650 SQ026 2355 GA975 1335 KL837 1450 Mtrnrn SQ347 0665 flaiHaad SQ286 2Q40 SQ288 2045 WtaM ***** 1105 SQ182
        1,523 words
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      1304 24 I OTHMn DtaTtMTtONl'H I NORTH AMtRICA I I PIRICT CALL TO WIT COMT l»CX) WKST COAST Of CINTttAL AMIWCA I ■WaAFOHj o*l*o** SMttT WWM WWT OOWI I h—. sl iainrmrg|^ r ML.— B wi'wpfg-ifr-THISS 2£ 5852 ££l!t3!^!£!l!!£l?! £l !K2 MMI |MHIS/W M/M u/M I U/M 17/ M U/M M/M M/M
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      Page 24 Advertisements Column 2
      202 24 Lines and services represented by Members of the Registry ot Accredited Shipping Agents, Singapore National Shipping Association. \^7 For advertising enquiries, contact Shipping Times: Tel 740-2089 <% PORT SHOTS mm The latest in sea, air and land transportation Shipping Times Monday to Friday BusmessTimes WORLD AJAX 19/07 21/07 FWnVAN*/UK/Nantaa I
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      1127 25 WHOLESALE CEMTRE, BLOCK 1, #03-10 SINGAPORE 0511 BOOKINO/CNCKJIRIES CH MO: **********0W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FSSHIP VESSEL VOY SIN ETA SINETD DESTINATION SUN RAY 10/15 17/07 19/07 PIAJU/PALEMBANG mm\ 1/95 11/07 20/07 POMTUXAK/SIKTETE SUN PI OKA 8/95 18/07 19/07 KMGKUIU/FADAWG GULF SUUAM 4/95 IN POUT 14/07
      1,127 words
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      Page 25 Advertisements Column 2
      1657 25 rami PACIFIC SOUTH WEST EXPRESS (DIRECT) lypsa VOY SMITA SI ETP Utf OAK OK UAH* CM HOU MK W> Ml GtORGE WASMNGTON Ml MA 13/07 14/07 30/07 01/08 02/08 03/08 03/08 04/08 04/08 07/08 09/08 *"K*iQI>nBPI 6IA 20/07 21/07 13/08 15/08 16/08 17/08 17/08 18/08 18/08 21/08 23/08 HBMY HUDSON
      1,657 words
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      Page 25 Advertisements Column 3
      919 25 (g) H ANJIN SHIPPING ißnavcsa vot law 1 MOTwavg» su I ml ro I Iroavcsa voir sw loonovcsa vot Is» u I irn I MMUBHMI iB n/v an 10/OO 11/00 i2/o> haiuwbjhsaw dm M/O; OI WOMBS tm u/oo 10/oo M/OO HAMM StATTU 030t 37/07 DWO 17/00 U/00 U/OO OKWBHOtgQW OOSI
      919 words
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      700 26 vessel voy ham rout ant uu stom nam si* hug kao tyo shi kou nac imWBGSHAHU tIPBSS 20/775 ?l/4 IVt H/k K/t «/7 11/7 20/7 J7£ K/T_ FKAWKfUT EXPtESS 10/475 24/t 72/t 73/* M/* 14/7 17/7 JO/7 74£_ WYKPtOaOM 77/77t It/i M/t 1/7 7/7 _7]/7 K£ J7/7 3£ 31/7 !/L
      700 words
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      Page 26 Advertisements Column 2
      1366 26 NORASIA vessel VOY SIN alq LAS BCL VAL ham bre rot ant fel lha MOR HONGKONG *27 3 13*7 01*4 31*7 OMM 07 M OMM HAM OMB 07*8 08*7 04*7 NOR SHAAJAH 9528 3 19*7 00*0 08*0 IMS 14*8 12*1 13*0 13*8 14*8 IMB 17*8 SI MOTIVATOR 529W 26*7 15*8
      1,366 words
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      Page 26 Advertisements Column 3
      661 26 JAPAN/HONQKONO/STRAITS REGULAR SERVICE LOADING FOR PORT KLANG/PENANG Vtssa VOT S PORE P GUDANG I PK6 I PHI HUH a MPT 14 JUL LAB GO 29 MPT PANDORA 21 15 JUL 17 JUL MMWUggm 1 17 JUL It JUL HEW SUM 2 21 JUL 23 JUL 25 JUL SUM WIGHT 30
      661 words
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      Page 27 Advertisements Column 1
      1283 27 Pb J| STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW guinea pacific line SERV ice of china navigation CO) CARGO DUE SAILS NtT/T^ C J MAGA 111-32 V9505E Muara 15 ft 17 Jul 16 Jul 11 Jul -r. .r. pntrnUfTl
      1,283 words
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      Page 27 Advertisements Column 2
      2586 27 W A Singapore Agent: Afl'W€M'f tIAfC P&o Containers (Singapore Agencies) Pte Ltd 10 Hot* Chiang Koad, #07-01 kt-pptl Towers, Singapore 0208 First Class Connections WORLDWIDE I'*. 225 ;m.wa:«swt4 pnocsp f«*****27/*****17 EXPORT IMPORT VESSEL VOY |*PNO *RKO SIM SOU ANT IJOT HAM OOT BRE LEH VESSEL VOV ZEE OOT WOT HAM
      2,586 words
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      Page 28 Advertisements Column 1
      1091 28 EUROPEAJK/SCANDINAVIA/FINLAND/RUSSIA I I 1 rp Bn u uRG THP ANW LHV LMV ANW THP HBG RDM PKL SGP I E GENERAL RW-042 10/7 66 76 9/8 7/8 E GIFTED RE-MO 196 226 206 236 216 11 n I I SSyjJEir 22/7 11/8 13/8 15/8 12/8 166 E. GENIUS RE-056 26/6
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      Page 28 Advertisements Column 2
      789 28 PERSIAN GULF SERVICE Una w "3 Su SMN mm KWT &M I UNI COHORT "JJ JM7 am mm wn 3M7 UWCOHCORO ££152? !52Z 07« OM* 0M» 0M» <H» lIM CORONA B3SB-023N IJ3TO UK 14M IVW 16/08 16.08 16/08 UNI ONWARD 0359-014 W 1108 2*oB 2SA 2708 27/08 H (H.SO ACCtPTWC
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      Page 28 Advertisements Column 3
      595 28 g RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 LINES) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO: **********0E m ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vessel Voy ETA Loading for Scxxt AbtoayWotu 44W8 21/07 Abyot 41WB 06/09 H KIEN HUNG LINE
      595 words
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      Page 29 Advertisements Column 1
      2752 29 SAILING TO SOUTH AFRICA EAST COAST SOUTH AMERICA 5/*fipfrf l Bmril Aflilt Til (Blliril) 22H*M °'f rntT&R SHIPPING PTF I TD Fai: (Blllrllj 221 litl Ctllllllr *****41/144 Cllflmr Sk I/l *****12 Opi'ttlo* Centum *****15 Tiln 2SI3ICOSHIP CiMintlonil *****50 0/0 *****1S Cf *»*(/««</ *****43 V C«« 117t73t0t00 M Fn 22H2M IriltWlJiK
      2,752 words
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      Page 29 Advertisements Column 2
      634 29 (g. FAMOUS CONTAINER UNESI 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT UNE: *****33 (30 UNES) GOTHENBURG/SCAN 17/07 ROTTERDAM 17/07 AARHUS/COPENHAGEN 17/07 HAMBURG/BREMEN 14/07 MARSEILLE/FRANCE 23/07 FELIXSTOWEAJK 17/07 BARCELONA/SPAIN 19/07 LEHAVRE/FRANCE 14/07 GENOA/ITALY 16/07 ANTWERP/BELGIUM 14/07 LOS ANGELES/WC/IPI 14/07 SYDNEY/MELBOURNE 15/07 NEW YORK/EC 14/07 FREMANTLE/ADELAIDE 15/07 VANCOUVER 14/07 BRISBANE 15/07 TORONTO/MONTREAL
      634 words
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      Page 32 Advertisements Column 1
      1130 32 —nam— —heeem^mß VESSEL VOY SIN JKT ~j [VESSEL VOY SIN PEN VIRABHUM 138S Thu In Pt Moo 17/7 BUNOA SEROJA 5097 St 15/7~ Sun 16/7 VESSEL VOY SIN BKK WAKA BHUM 283S It Wed 19/7 BUNOA SEROJA 5099 Sat 15/7 Sun 1 6/7 M YANTRA BHUM 93N Thu In Pt
      1,130 words
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      Page 32 Advertisements Column 2
      913 32 79 ANSON ROAD, #21-01, SINGAPORE 0207 CR *****P*****N STRAiTS SHUTTLE SERVICE PORT KLANG PENANO VESSEI I VOY StW I PKL VESSEL VOY SM FBj SEA LAUREL 404N 1307 THU 14A)7 FBI LHOTSE 5039 1207 WED FBI EAGLE MOON 092 A 1307 THU 1507 SAT XOUR JAVA ***** 1407 FRI FARO
      913 words
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      Page 33 Advertisements Column 1
      669 33 BSA aH MYANMA WUk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg PEN P Gdg MYOMAYWA VIS6W 15/07 PATHEIN VI33W 20/07 MALAYSIA AGENTS BOUSTEAO SHIPPING AGENCIES KUL TEL 02 03-*****00 PKL: TEL 02-03-*****01 PEN: TEL 02-04-*****02 PGO: TEL 02 07-*****21/4 NIGERIAN NATIONAL SHIPPING LINE SPORE
      669 words
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      Page 33 Advertisements Column 2
      1085 33 ADVANCE CONTAINER LINES (PTE) LTD I Z 140 Cecil Street #12-00, PIL Building. Singapore 0106 Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E BANGKOK JAKARTA (i Saiiliqi/Weefc to PAT. 3 SailjMs to BMT. 2 Sailings to LCH) (2 Selllets/Week) MOT AuriffltfTT ItfAIIAND VtaStL VOY UN BKK
      1,085 words
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      Page 33 Advertisements Column 3
      864 33 ICR NO: **********02 Q VOY "^N~ LE HAVRE HAMBURG THAMESPORT ROTTERDAM ANTWBRP_ aitnc f-AP«n i a TKJW 17/07 06/06 10/06 12/08 13/06 14/06 wicnr iiraa UOW 25/07 15/06 17/06 19/06 2tVO6 21/06 VILLE DE NORMA MOW 01A» 22/06 24/06 26/08 27/08 28/08 UIIFOF CARiNA CIOW 06/08 29/08 31/06 02/09 03/09
      864 words
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      Page 34 Advertisements Column 1
      813 34 AFGHANISTAN M&M Afghanistan Ltd., A lU| Hairatan, Torghundi, Islamqala (Doqharun) ■ncfciwl C.1.5./RUSSIA: Alma Ata. Ashkhabad, Baku, Dushanbe, iisiitvAr a. ti. .iw«k Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, Mllluer fit MUncn Novosobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny International Forwarders Mongolia: uiaan Bator N Korea: Pyongyang. Nampo express container service TO WEST COAST
      813 words
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      Page 34 Advertisements Column 2
      585 34 t«MM fcfIHTAIHER LIMES. INC Agents: MAC-NELS SPORE: *****22 (24 LINES) kuching (<*2)42*433 tsP/V-r] Cm NO. **********0 C SIBU (084) *****9 MANILA (632) *****61 V —i X PENANG: (04) *****6 BANGKOK (662) *****57 SURABAYA: (31)*****0 P. KELANG: (03) *****77 JAKARTA: (21) *****07 BANDUNG AGENT (22) *****96 I ASIA HKG/TWN/BKK I GENOA/EUROPE
      585 words
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      Page 34 Advertisements Column 3
      378 34 EASTERN CAR LINER LTD. I STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE RORO CARRIER SPECIALIZE IN HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS I ftt I m I LOADING rot VfSSCL VOY SIN Ml MUAJtA 11/7. KAMDA 25/7. KEISHUN 43 13/7 14/7 NAGOYA 27/7, TOYOHASM 2t/7, YOKOHAMA 29/7,KOK
      378 words
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  • Page 35 Miscellaneous
    • Miscellaneous
      Page 35 Miscellaneous Column 1
      133 35 REGIONAL WEATHER LEGEND: K Thunderstorm Temperature c X s| ww#r W«oth«r _X Wind direction with speed knot* Rom 0 Cloudy Sky Wove height Surface winds or* indicoted by orrows which tty with the wind Q One ful circle represents calm or light ond vartobl« winds One half Heche represents 5
      133 words
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