The Business Times, 3 August 1995

Microfilm: NL20016
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    12 1 SINGAPORE BusinessTimes WE KNOW ASIA MITA(P) 194/12/94 Thursday August 3 1995 85*
    12 words
  • Article
    Lock icon Dow up 29 points
    84 1 Reuter NEW YORK Blue-chip stocks rose sharply yesterday as the dollar soared on news of Japan's latest steps to tame the soaring yen. At 2 pm EDT, the Dow Jones index was up 29.23 points at 4,729.60 after gaining more than SO points in the first
    Reuter  -  84 words
  • Article
    Untitled
    166 1 fftfft aarfcat IMHCM Wednesday Change STII 2,152.98 +12.17 KLSEComp 1,068.23 +9.31 Nikkei 16,720.75 362.18 Hue Seng 9,410.14 +24.87 SET Index 1,378.66 +6.17 Jakarta Comp 513.08 +1.67 Manila Comp 2,896.95 +10.27 Taipei WPI 5,042.79 -156.84 Seoul Comp 935.7 -8.9 Bombay BSE30 ..3,436.52 45.79 CLSA China B 842.99 +43.45 Aut All Od
    166 words
  • Article
    Camerlin said to be out of the running for Pacific Brands
    417 1  -  Pacific Dunlop set to sell unit in at least three parts for over A$ 1. lb By Catherine Ong SINGAPORE Malaysian tycoon Quek Leng Chan's Camerlin consortium appears to have failed in its bid to buy Australia's Pacific Dunlop's
    417 words
  • Article
    Stocks on KL's Second Board rise strongly
    449 1  -  By R Sivanithy SINGAPORE Continuing the market's current fixation with second liners and smaller companies, speculators yesterday diverted their attention to the Malaysian second board, pushing prices up as much as 28 per cent. The Kuala Lumpur Stock Exchange Second Board Index rose
    449 words
  • Article
    Japan unveils surprise package to deregulate capital markets
    456 1  -  Greenback surges to five-month high against yen Fran Anthony Rowley In TOKYO THE Japanese government yesterday announced what amounts to a major programme for recycling the country's massive current account surpluses, causing the US dollar to surge to a five-month high against
    456 words
  • Article
    Barings creditors explore return of bonuses
    314 1  -  Fran Neil Behrmann in LONDON CREDITORS of the collapsed Barings Bank are attempting to reclaim past staff and director bonuses on the grounds that the bank's previous profits were false. Jonathan Stone, head of the Barings Perpetual Noteholders' Action Group (BNAG), has asked Ernst
    314 words
  • Article, Illustration
    Lock icon Analysts trim forecasts for Keppel's full-year results
    481 1  -  By Rahita Elias, Shiv Taneja SINGAPORE Analysts are lowering their expectations of Keppel Corporation's annual results, the first half of which is due to be released this evening. This is despite double-digit increases in first-half earnings by its financial and property arms.' Analysts
    Source: Bloomberg  -  481 words
  • Article
    Lock icon Key US index posted year's first rise in June
    248 1 Reuter WASHINGTON The US government's main economic forecasting gauge posted its first rise this year in June, boosted by rising stock prices and reviving manufacturing activity, the Commerce Department said yesterday. The rise in June was consistent with other recent reports
    Reuter  -  248 words
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      183 1 ._]:"&>":_:_-/_`[\;/|=.]`.>}!-' BT Online Look ns up at http-J/ www onial xoaLsg/biztimes Jimmy Lai may sell his 35% Giordano stake How did the Hongkong stock market react to the news? Full report, Pg 17 ffporc Mm 2,3 S"pore4T» 15,16 News 44 Financial 18.19 NkW New 14 MwlwK aofc/KLSE. SES .2224 Mm
      183 words
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      8 1 Law: pg 13 Impact of international sales law
      8 words
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      22 1 Hock Lock Siew: Pg is Replacing chairman won't help Tenaga S P: Cosmo crisis wont hit Japanese banks' credit ratings, Pg 8
      22 words
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      Page 1 Advertisements Column 4
      200 1 P J L U W E T T E 5 Bottom Line: pg \¥[T New era for AtUmfy^parpters^- Results of Keppel Group companies, Pg 15 Lower loan rates spur June sales of US homes, Pg 14 HK electronics firm goes bust after boss goes missing, Pg 17 The prestigious from
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Property dominates ad spending
        278 2  -  By Michelle Low THE real estate sector spent a whopping $34.4 million on advertising in the first half of the year, making property the most intensely advertised product. Property players spent 43 per cent more than in firsthalf 1994, hoping to tap public obsession with private
        Source: Survey Research S'pore  -  278 words
    • Article
      Low prices for Chinatown shophouses at URA tender
      225 2 CHINATOWN shophouses tendered by the Urban Redevelopment Authority fetched low prices yesterday, reflecting weak sentiment. Top bids averaged around $700-800 per square foot for the 16 parcels in Gemmil T-ane, Club Street, Mohamed Ali Lane, Sogfth, Bridge Road and Arab Street But
      225 words
    • Article, Illustration
      Lock icon US firm pumps US$10m into local plant
      465 2  -  Western Digital may also set up disk drive media factory here By David Mok US-BASED disk drive maker Western Digital is investing US$lO million (5513.9 million) to boost capacity at its factory here and could pump millions more into Singapore over the next
      Photo by Chris Loh  -  465 words
    • Article
      BofA to launch venture-capital unit
      408 2  -  By Conrad Raj BANK of AMERICA (BofA) has grand plans to celebrate its 40th anniversary in Singapore this year key among these is a venture-capital outfit to invest in promising companies in the region. The venture-capital establishment by one of the largest financial institutions in
      408 words
    • Article, Illustration
      Shopping centre group to hold convention here for first time
      456 2  -  By Jenny Lam SEVERAL global players in the shopping, business will gather in Singapore in October for the third convention and trade exposition organised by the International Council of Shopping Centres (ICSC) in the Asia-Pacific. Held for the first time
      456 words
    • Article
      Rubber traders wary of China dealers
      612 3  -  Defaults prompt local traders not to book Chinese contracts as sales until LCs are received By Siow Li Sen SINGAPORE rubber traders have lost faith in their counterparts in China, so much so they do not book contracts from them as sales now. Local
      612 words
    • Article, Illustration
      Over 100 dealers pledge to sell original software
      484 3  -  By David Mok MORE than 100 software retailers in Singapore, including all the dealers in popular computer haunt Funan Centre, have pledged not to sell pirated software. The dealers are taking part in a campaign organised by piracy watchdog the Business Software
      484 words
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      147 2 _t PIH !%W lyi] I FOR SfILE Corporate Building fit Bedok Sooth Rood WO I W^Tiacr^S: VJppWjL —iS*L-—n r —\A HOB 1 ra HOUSING ft H BwrE U TEMASEK A| KCSCH SITE H« OPERA A BWTE M™ jum,or \<~\ COUIGE IDEAL FOR YOCIR FACTORY/WfIREHOOSINQ OFFICE NEEDS Comprises a purpose-built single
      147 words
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      Page 2 Advertisements Column 2
      67 2 V*. Switzerland#! From 30th August to sth September Experience the lifestyle of the Rich and FamouraHl Switzerland with accommodation at the 3 best hotels in Switzerland. Enjoy the finest Swiss and y French cuisines, mingle with the jetset crowd ||/at the Divonne or Evian Casinos, visit the Rolex y JFactory
      67 words
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      Page 2 Advertisements Column 3
      205 2 CONs Vi r m Fine Wine Facts Gon&eiltante< The Nicolas family has meticulously blended this shining star of Pomerol into one of the most elegant and charming Bordeaux wines of the past decade. Pleasantly, it is one of the best wines to enjoy while young, often reaching hill maturity within
      205 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      114 3 This announcement appears as a matter of record only August 1995 FREIGHT UNKS EXPRESS HOLDINGS LIMITED^ FREIGHT LINKS EXPRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 8 January 1986) Invitation in respect of 12,000,000 New Shares of $0.20 each comprising (i) 9,000,000 Offer Shares at $0.50 for each
      114 words
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      Page 3 Advertisements Column 2
      192 3 KENNEDY-WILSON INTERNATIONAL*. The Pyrmont Peninsula FOR SALE A unique opportunity to invest in the largest freehold development site on Sydney Harbour! newest multi-purpose waterfront xhe approved master plan for this exciting site will realise 7 separate, autonomous precincts, designed to provide flexibilty Tf*. in business applications and residential ylte B
      192 words
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  • SOUTH-EAST ASIA
    • Article
      Thai central bank vows to keep tight policy as inflation surges
      464 4  -  From Alan Boyd in BANGKOK THAILAND'S central bank pledged yesterday to continue a tight monetary policy following the release of retail price figures for July that point to an alarming surge in inflation. The Consumer Price Index rose by
      464 words
    • Article
      Lock icon US-based Harza to advise M'sia on Bakun project
      361 4 AFP KUALA LUMPUR Malaysia has hired US-based Harza Engineering as consultant for the giant Bakun dam project in eastern Sarawak state to thwart misgivings over its adverse environmental impact, officials said yesterday. Harza, an international consultancy group, would advise the government on
      AFP  -  361 words
    • Article, Illustration
      Tajudin files US$130m suit over stake in US satellite firm
      386 4  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIAN Airline System (MAS) chairman Tajudin Ramli's ambitious plan to own a satellite company has floundered and he has filed a US$l3O million (SSIBI million) suit against a group of people who got
      386 words
    • HOT
      • Article, Illustration
        Lock icon 'Pay up', Vietnam tells advertisers
        47 4 Reuter HANOI A woman walking across a street in front of advertisements promoting foreign products in downtown Hanoi yesterday. Vietnam's official media accused at least 14 foreign advertising companies of dodging tax payments but companies involved said the allegations were baseless. Reuter
        Reuter  -  47 words
      • Article
        Lock icon M'sia controls foreign workers agents
        84 4 Reuter KUALA LUMPUR Malaysia's deputy prime minister Anwar Ibrahim announced yesterday that licences of all 169 foreign workers recruitment agencies in the country will be revoked immediately, due to "repeated complaints of mistreatment of foreign workers in Malaysia". The agencies can reapply for licences to
        Reuter  -  84 words
      • Article
        Lock icon High power rates in Philippines
        70 4 Reuter MANILA The Philippines has the second steepest power rates in Asia next to Japan, says Energy Secretary Francisco Viray, Mr Viray blamed charges imposed by power distributors for the high rates up to 4.72 pesos (550.25) per kilowatt-hour on Luzon island. Mr Viray said
        Reuter  -  70 words
      • Article
        Lock icon Tourists to Indonesia up 5.6%
        56 4 AFP JAKARTA Indonesia recorded more than 1.6 million foreign tourist arrivals in the six months to June, up 5.6 per cent on the same period last year, Information Minister Harmoko said after a monthly cabinet meeting on the economy yesterday. The tourists brought in a
        AFP  -  56 words
      • Article
        Lock icon Mekong group wants Burma, China
        79 4 Reuter PHNOM PENH Cambodia, Laos, Thailand and Vietnam adopted rules of procedures for the council of the Mekong R 1 v^ r Commission (MRQ yesterday and said they would formally invite Burma and China to join as full members. The four countries also agreed to
        Reuter  -  79 words
    • Article
      Lock icon Electronics propel Philippine exports to new high in first half
      290 4 Bloomberg Business News MANILA Philippine exports soared to a record US$7.9B billion (SSll billion) in the first half of the year, 30.9 per cent higher than the same period last year. The National Statistics Office said exports increased 33.3 per
      Bloomberg Business News  -  290 words
    • Article
      Lock icon Indon trade surplus down, inflation up
      458 6 Suharto orders export drive and containing of inflation in coming months Reuter JAKARTA Indonesia's trade surplus tumbled in the first five months of this year compared with the same period last year, making it a net importer of non-oil goods for the first time
      Reuter  -  458 words
    • Article, Illustration
      Lock icon Soaring land prices make Hanoi among Asia's most costly cities
      237 6 AFP HANOI Property speculation linked to economic reforms in Vietnam and an influx of foreign businesses have propelled Hanoi and Ho Chi Minh City into the ranks of the most expensive cities in Asia, a Vietnamese report said on Tuesday.
      AFP; Reuter  -  237 words
    • Article
      Lock icon Probe into alleged Indon war fund
      142 6 Reuter JAKARTA Indonesia's parliament plans to investigate the alleged existence of a billiondollar war fund raised in the *****, saying it hopes a political prisoner being released this month might shed light on the mystery. The official news agency Antara and newspapers yesterday quoted
      Reuter  -  142 words
    • Article, Illustration
      Asia-Europe Summit: Australia strives to get on board
      540 6  -  VIEW FROM BRUNEI By Yang Razali Kassim THE first Asia-Europe Summit is set to take place in Thailand early next year after Asean, China, Japan and South Korea met for the first time in Brunei to prepare for the gathering. But the
      540 words
    • Article
      Asean group deflects Brunei call to hasten tariff cuts
      390 6  -  From Al Labita in MANILA AN Asean business group yesterday deflected a call to hasten the introduction of a regional free trade scheme, after dissent among the group's seven member countries. "We still have to study it and consult our constituents,"
      390 words
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      Page 4 Advertisements Column 1
      424 4 B I Straits Steamship Land Limited I H (Incorporated in the Republic of Singapore) H 11. Unaudited results for the half year ended 30 June 1995 I The Directors advise the following unaudited results of the Group and B the Company for the half year ended 30 June 1995: B
      424 words
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      Page 4 Advertisements Column 2
      453 4 I efAR EAST LEVIINGSTON SHIPBUILDING LTD PELS »W (incorporated in the Republic of Singapore) 1. Unaudited results for the half year ended 30 June 1995 The Directors of Far East Levingston Shipbuilding Ltd advise the following unaudited results of the Company and the Group for the half year ended 30
      453 words
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      233 5 iiiN i i iiiii ■r v iL t jj| s f*Sr A k BnSw I I LI v h MM- WMMMBMBL f AJRI^^^MHH^yHMMMMMMfI^yiBM^!^ l«H|te > > v I Wja^M&£jrf9H|^^KßEHy[3K^3HMhigßK^^Mn^MMnM^K^n|^^^X2JMMi x' P t Jl SOLE AGENT SERVICE CENTRE: TAG HEUER SINGAPORE PTE LTD 250 North Bridge Road #32-04 Raffles City Tower,
      233 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Taiwan shuts down credit union
      423 7 Reuter AFP TAIPEI Taiwan's finance ministry decided to shut down the Fourth Credit Cooperative in the central county of Changhua, effective yesterday it said in a statement. The credit union has been hit by heavy withdrawals by customers of more than NTS 3 billion (Ssls7
      Reuter; AFP  -  423 words
    • Article
      Lock icon Taiwan research chief to attend seminar in China
      327 7 AFP TAIPEI Lee Yuan-tse, the Nobel-laureate director of Taiwan's top academic research institute, Academia Sinica, is to attend a seminar in China despite soured relations across the Taiwan Strait. President Lee Teng-hui had authorised the trip, said an official of the presidential
      AFP  -  327 words
    • Article
      Lock icon HK British officials snubbed by Qian
      66 7 AFP BEIJING Chinese Foreign Minister Qian Qichen stopped in Hongkong yesterday on his way home from a diplomatic conference in Brunei, but would not meet with senior British officials. Instead, Mr Qian had his most substantive talks with Zhou Nan, Beijing's de facto consul
      AFP  -  66 words
    • Article
      Lock icon Beijing expels 2 US Air Force officers
      72 7 AP BEUING China yesterday expelled two US Air Force officers who "sneaked into a number of restricted military zones in China's south-east coastal areas and illegally acquired military intelligence by photographing and videotaping," Foreign Ministry spokesman Shen Guofang was quoted as saying by
      AP  -  72 words
    • Article
      Securities watchdog stresses supervision
      59 7 SHANGHAI Proper supervision of futures markets is needed to ensure social stability, chairman of the China Securities Regulatory Commission, Zhou Daojiong, was quoted as saying in the China Securities News. At a visit to the Beijing Commodity Exchange on Tuesday, Mr Zhou also noted that some
      59 words
    • Article
      Lock icon China industrial output to slow
      79 7 Reuter BEIJING China's industrial output growth is expected to drop by between one and 20 percentage points in the third quarter, after effective macro-economic controls in the first half, said a central bank forecast reported in the China Securities News. The bank also said excessively
      Reuter  -  79 words
    • Article, Illustration
      Lock icon All eyes on Deng
      38 7 Reuter BEIJING Zhang Li of Beijing with a first day cover that contains a commemorative stamp of Deng Xiaoping. The leader turns 91 this month and is rumoured to be in fragile health. Renter
      Reuter  -  38 words
    • Article
      Lock icon China tobacco king fights smuggled, fake brands
      176 7 Reuter KUNMING Yunnan, the province renowned for China's best tobacco and most of its cigarettes, is battling smugglers on two fronts, contraband foreign brands and fakes of its own products, an official said. This year, the southwestern province expects to produce 500,000-600,000 tonnes
      Reuter  -  176 words
    • Article
      No letup in China's inflation, but growth will continue: professor
      471 7  -  By Lu Hiang SINGAPORE THE high rate of inflation in China will persist but it will not derail the nation's economic development, predicts Xie Baisan, an associate professor of finance at China's Fuda University. Speaking at a seminar on new
      471 words
    • Article
      Lock icon 3 top Henan officials get long jail terms for corruption
      140 7 AFP BEIJING Three senior officials in the central Chinese province of Henan have received lengthy prison sentences for corruption, a newspaper reported yesterday. The Communist Party Secretary of the province's Gongyi city, Yang Zhenhai, was sentenced last week to IS
      AFP  -  140 words
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      110 7 As many of life's achievers are aware, life at the top can be a WKicki® why at the ANA Hotel we pride ourselves on providing a service that's quiet, soothing and dare we say, just a little soporific. Add to that muted tapestries, wood panelling, chiming clocks and the excellent
      110 words
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      Page 7 Advertisements Column 2
      586 7 Keppel Bank wJm of Singapore Limited M (Incorporated in the Republic of Singapore) H The Board of Directors of Keppel Bank of Singapore Limited is pleased to announce the following:I 4.!*The Group The Bank 1995 1994 1995 1994 .i£ $•000 000 $-000 000 Interest income 208,895 155,947 168,155 117,655 1
      586 words
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  • ASIA
    • Article
      Lock icon S & P: Cosmo crisis won't hit Japanese banks' credit ratings
      430 8 S P: Cosmo crisis won't hit Japanese banks' credit ratings AFP TOKYO Standard and Poor's Asia Ltd said yesterday that the Tokyo government's suspension of business at Cosmo Credit Cooperative was not expected to directly affect its credit ratings for Japanese banks. "The financial institutions that Standard and Poor's rates
      AFP  -  430 words
    • Article
      Lock icon Aussie current account deficit narrowing
      282 8 Keating says inflation also under control Bloomberg Business News ROMA, Queensland Australia's ballooning current account deficit is destined to improve, albeit slowly, and inflation is under control. Prime Minister Paul Keating yesterday told a grain growers' conference here that the current account deficit, which had
      Bloomberg Business News  -  282 words
    • Article
      Lock icon Aussie retail sales up 0.5% in June
      83 8 Bloomberg Business News SYDNEY Australian retail sales in June rose 0.5 per cent from May to A 59.61 billion (559.9 billion), the Bureau of Statistics reported yesterday. This follows a 1.6 per cent decrease in May, the largest monthly drop in 13 months.
      Bloomberg Business News  -  83 words
    • Article
      Lock icon Japan to delay cabinet reshuffle
      87 8 Reuter TOKYO Japanese Prime Minister Tomiichi Murayama hinted yesterday he would postpone a major cabinet reshuffle that had -been widely predicted after July's election setback. He said: "Everybody's working hard trying to resolve issues." Newspapers reported yesterday that the reshuffling will not take place until
      Reuter  -  87 words
    • Article
      Lock icon S Korea's exports jump 38.7%
      92 8 Bloomberg Business News SEOUL Exports in July rose 38.7 per cent from a year ago to US$lO.6 billion (5514.7 billion), the biggest monthly gain since August 1988. Imports gained 35.5 per cent to US$ll.3 billion. Export growth exceeded import growth for the first time this
      Bloomberg Business News  -  92 words
    • Article
      Lock icon Seoul to free thousands of prisoners
      88 8 AP SEOUL Thousands of prisoners and ex-convicts, including government critics, will be set free or pardoned to mark the Korean Independence Day on August 15, officials and reports said yesterday. The amnesty, expected to be one of the largest in Korean history, is seen
      AP  -  88 words
    • Article
      Lock icon Sri Lanka to unveil peace plan today
      106 8 AFP COLOMBO Sri Lanka will unveil a peace plan today aimed at ending its protracted civil war by turning this nation into a federal state in all but name, officials said. President Chandrika Kumaratunga's proposals to give more autonomy to minority Tamils, in
      AFP  -  106 words
    • Article
      Lock icon Rockwell, Telstra vie for Aussie job
      96 8 Reuter CANBERRA The Australian Department of Defence said two consortiums have been shortlisted for a Assoo million (*****.9 million) communications contract from an original list of four. One is US defence group Rockwell International Corp's unit Rockwell Systems Australia and the second is Australian
      Reuter  -  96 words
    • Article
      Lock icon Japanese break customs law in slim soap craze
      205 8 Bernama-Kyodo NARITA, Japan A craze in Japan for a Chinese slimming soap is luring an increasing number of travellers returning from China and Hongkong to bring back large quantities of the product in violation of customs regulations, Japanese customs officiate said yesterday.
      Bernama-Kyodo  -  205 words
    • Article, Illustration
      Lock icon Australia's anti-nuclear boycott puts French investments at risk
      271 8 Reuter SYDNEY Australia's antinuclear boycott of a French defence contractor has put at risk French bids for other local contracts worth many millions of dollars and could spark a pullout of French investment The French Australian Chamber of Commerce said: "If it's
      Reuter  -  271 words
    • Article
      Lock icon Seoul vice-mayor allegedly took bribe from store owner
      212 8 AFP SEOUL The Seoul prosecutor's office said yesterday it had summoned the vice-mayor of Seoul for questioning about a bribe he allegedly took in connection with the department store which collapsed on June 29, killing hundreds. Kang Deck Ki was accused of
      AFP  -  212 words
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      220 8 THE LUXURY CAR RUILT ON A RELIEF IN EXHILARATION. I? tj M I I THE NEW RMW 7 SERIES. TAKING THE LEAO. To discover the real status symbol behind a BMW, you have our philosophy. Our belief in ensuring a perfect "balance of power? to look under the hood. Where
      220 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Slow but steady march towards market liberalisation
      1113 9 Thailand: continuation amidst change DESPITE a mid-year political hiatus, Thailand's slow but steady march towards greater market liberalisation has not been disrupted. External factors beyond government control, such as the rise in the Japanese yen and softening of the US dollar, are likely
      1,113 words
    • Article
      Thai builders want govt help to face foreign competition
      788 9  -  Fran Alan Boyd in BANGKOK THAI construction groups are demanding government intervention to stop them being squeezed out of the US$25billion (Ss3s billion) building sector by more efficient foreign companies. Alarmed at their dwindling market share, the contractors want access to
      788 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      97 9 !R 4 hr s7 Series is a car that doesn't compromise between luxury and A car that gives you the best of both worlds. The new BMW 7 Series. For everyone who believes driving should be an emotional experience. But you'll be reading more jabout that avenue of enjoyment in
      97 words
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      Page 9 Advertisements Column 2
      23 9 EThis article was reprinted from the June 19 issue of Business Asia, a fortnightly management report by The Economist Intelligence Unit (Asia) Ltd
      23 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      970 10 Budweiser |PfVBPVHPIIPVV|I|B|VSB Hi aaSSSS WHERE TO wine, dine and entertain &§IPIS J ACE action. From 7pm lam. •Mondays to Thursdays; 7pm 2am. Fridays, Saturdays eve of public holktoy* Karaoke with our DJ on Sundays ■fiSSS/ BOULEVARD HOTEL, 200 Orchard Boulevard Singapore 1024 Tat: 737 2011 V II 5-IN -1 II
      970 words
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      Page 10 Advertisements Column 2
      241 10 The Day You Dinf At Triple 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 tempting desserts. Call us now to make your reservations at 831 6271/2. Lunch:
      241 words
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  • LIFESTYLE
    • Article, Illustration
      Bringing spirituality to the masses through music
      655 11  -  Kitaro is at the peak of his career, yet Shahiron Sahari finds him far from pompous Shahiron Sahari KITARO's music has been described as "spiritually pretentious" and even just plain "bland" by at least one music critic, but as in all such cases,
      655 words
    • Article, Illustration
      Lock icon Delving into the pleasure and pain of relationships
      642 11 Jill Serjeant discusses the prolific talent of America's John Updike Reuter NOVELIST, poet, reviewer and for many the reigning king of modern American literature, John Updike at 63 is still full of surprises. Standing on the stage of London's National Theatre with
      Reuter  -  642 words
    • Article, Illustration
      Lock icon Love takes Melanie to the Mediterranean
      279 11 AP AP AP ACTRESS Melanie Griffith arrived in the Mediterranean resort of Malaga on Tuesday to meet the parents of her new beau, Spanish actor Antonio Banderas. After sailing on the Mediterranean, Griffith's response was: "Sure, I like it. It's beautiful. California's not this
      AP  -  279 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      137 11 butlb&fly B AjWd&GA F E CONTINENTAL CAFE, RRTAURANT AND BAR SET BUSINESS LUNCH AND DINNER FROM $15.50++ MAPPY HOURS 3PM TO BPM Home-made daily soup Seared Salmon on a bed of Garden Vegetable Tropical fresh fruit with mango ce-cream Salmon Nicoise Salad Duck Breast with Three Colour Pepper Sauce Apple
      137 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1107 11 I Putting Art hilts Place, 10pm, In the town of an f artist is commissioned to ere- HPf '.-,jrm^^HPl ate a work that reflects the va- f nety of life in the town. He must also incorporate his art k~, into the facade of a building. i !2ri£i OMh^slil* 500
      1,107 words
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  • Article
    A matter of mutual trust
    545 12 US SECRETARY of State Warren Christopher and Chinese Foreign Minister Qian Qichen ended their meeting in Brunei on Tuesday with both sides characterising the talks as "positive" and "useful". Under the circumstances, it was a considerable achievement, and one that brought relief to many. The
    545 words
  • Article
    Vietnam's gain is Asean's too
    237 12 THE TURN of history's wheel in South-east Asia has created opportunities and challenges for both Asean and Vietnam. There is every likelihood of a flexible, pragmatic and confident Asean burying old enmities, and emerging as a force for stability. Bearing in mind the most pressing
    237 words
  • Article
    Race for peace and prosperity
    209 12 TO THOSE who follow the Middle-East peace efforts, it may be upsetting to see the prospect for peace in the region move up and down like a see-saw. This is particularly so in the Israel-Palestine and Israel-Syria cases. The good thing is that the leaders
    209 words
  • Article
    A UK summer report card
    133 12 THE OECD's country surveys inform most when they make the least effort to be up-to-date. Judged by that standard, the organisation's latest UK report, out yesterday, is more informative than most. The authors paint a glowing picture of the country's recent macroeconomic performance noting, for
    133 words
  • Article
    Tackling Bangkok's traffic jams
    166 12 THE IDEAS put forward by Thailand's Deputy Prime Minister Thaksin Shinawatra and Justice Minister Chalerm Yubamrung to solve Bangkok's notorious traffic problems are welcome but we have heard many of them before. They somehow always come to nothing. The question is, when the new, strict measures
    166 words
  • Article
    Waste by Stealth
    153 12 IN JUNE, the US House of Representatives voted to order two more B-2 Stealth bombers, at more than US$l billion (Ssl.4 billion) apiece, besides the 20 in production or completed. The Pentagon said it did not need them. Since then, the General Accounting Office has issued a
    153 words
  • Article
    Let Japanese people judge
    167 12 LAST WEEK'S House of Councillors' election was a victory for the largest opposition party, Shinshinto, a defeat for the ruling coalition and a tragedy for democracy in Japan. The lowest turnout in the history of national elections is one cause for great concern. But just as
    167 words
  • Article, Illustration
    S African growth set to rise
    1003 12  -  Development programme tipped to boost economy, reports Neil Behrmann Neil Behrmann The writer is a London-based journalist who contributes to BT. He visited South Africa recently SOUTH AFRICAN economic growth is likely lo accelerate now that the nation's Reconstruction and Development Program has begun
    1,003 words
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      265 12 Runa oa st An idyllic setting, opening onto the crystal clear waters of the Broadwater By day or nighta breath-taking sensation of delight Madang Waters, nestled by the waters at Runaway Bay towards'the northern end of Australia's beautiful Gold Coast is only a short walk to all facilities, including the
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      58 12 1 PP\»JO( tOUEfc > I B«STOU)—\ DCU'T JVWK Bof»MG CL€fc< f\S VTO OOQR< Vaoji Cfrnty j 7 J' \|7u*4*TS ~N A Xj) v -rpk I U>2o*G VJITH J vC^\ -&M, &M r l c milli»—«»— urn. mi fc,!? 4 DOONESBURY GARRY TRUDEAU fUSSSSfSSHS OKAf,I£TSTRfTO6eT A consensus*SO* HBAT GOTrTF&teP 7W4751 rw
      58 words
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  • The Law Page
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      334 13 9 Culinary Masterpieces of Banquet Menu. Chinese State Banquets i I Ito 20August 1995 K |H fl| 11m NowalU Six French Dock Lmr Pate VjS >j? Tfc® gastronomic event You will savour the culinary treasures prepared A^«u. Lobater Salad Tasting* shredded Chicken r,H of the year is here by the
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      34 13 *Kt& 9 \T"\T T°X\ Y Info Line Numbers, Mensa Puzzles, Prizes and More... Check it out on Internet -> http://www.asial.com.sg/ or call 24-hr Audiolfex Enquiry Hotline on 740-2350. V V -LLA \1 I fflBH 006.
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  • Article
    Lock icon Study says 500,000 US aerospace jobs could be lost overseas
    237 14 Reuter WASHINGTON About 500,000 US aircraft manufacturing jobs could be lost in the next two decades because of foreign competition and "offsets" made to win access to overseas markets. A study released yesterday by the Economic Policy Institute, a research
    Reuter  -  237 words
  • Article, Illustration
    Lock icon Strong mark, wage hikes to slow German growth: think tank
    393 14 Bloomberg Business News Reuter DRESDEN A top German economic institute has predicted that an expensive Deutschemark and hefty wage rises would slow growth this year and next year. Ifo said the German economy was likely to expand 2.5 per cent
    Bloomberg Business News; Reuter  -  393 words
  • Article
    Lock icon Lower loan rates spur June sales of US homes
    377 14 Bloomberg Business News WASHINGTON US sales of new single-family homes rose unexpectedly in June to the highest level in almost two years as lower mortgage rates made it easier for consumers to obtain financing. Led by the north-east, all regions of
    Bloomberg Business News  -  377 words
  • Article, Illustration
    Atlantic partners enter era of lower expectations
    855 14  -  The Bottom Line LEON HADAR LEON HADAR The writer is BT's Washington correspondent WASHINGTON is the birthplace and the graveyard of many short-lived ideas. Congressional hearings, newspaper columns, or think-tank papers give rise to interesting international policy proposals sending troops to this or
    855 words
  • Article
    Lock icon Microsoft forms alliance with Digital
    212 14 AFP SAN FRANCISCO Microsoft Corp and Digital Equipment Corp joined forces yesterday, bringing Microsoft-based programs into the arena of enterprise computing. According to the terms of the alliance, Digital will use its computer networking and integrating skills to make Microsoft's client-server software widely accessible to
    AFP  -  212 words
  • Article
    Lock icon China's four largest banks must get out of trusts, investment
    141 14 AP BEIJING The central government has ordered China's four largest banks to sever all links with their trust and investment operations. The official Xinhua News Agency yesterday said the decision was part of China's moves to bring its banking industry
    AP  -  141 words
  • Article
    Lock icon London dismisses report that monopolies probe is off
    92 14 Reuter LONDON The British government yesterday dismissed as "nonsense" a newspaper report that it had ruled out a monopolies probe into the country's electricity industry as predators pounced on a sector gripped by takeover speculation. With three takeover bids on the table
    Reuter  -  92 words
  • Article
    Lock icon Dirty Capri?
    79 14 Reuter CAPRI, Italy The Italian island of Capri, luxurious retreat for the rich and glamourous, has been given the thumbs-down by environmentalists who say the water that laps its sun-splashed and expensive beaches is dirty. The environmental group Legambiente (League for the Environment) said yesterday that its scientists
    Reuter  -  79 words
  • Article
    Lock icon Testing the water
    94 14 AP MUNICH A woman who survived the burning and sinking of the Achille Lauro last year, but lost her jewellery, is suing the travel agency that booked the cruise ship in a test case watched by some of the other 981 survivors. Four passengers died when the
    AP  -  94 words
  • Article
    Lock icon Secrets of the deep
    100 14 Reuter PARIS A French wine grower has sunk 10,000 bottles in the Bay of Biscay, hoping his wines will mature better in the company of fish, crabs, seaweed and sludge. Producer Jean-Louis Saget said yesterday that the rocking of the tides and currents, as well as
    Reuter  -  100 words
  • Article
    Lock icon Zero inflation for Poland
    81 14 AP WARSAW For the first time in 100 months, Poland enjoyed a zero inflation rate in July, with consumer prices dropping between one-third and one-half per cent, Finance Minister Grzegorz Koiodko said yesterday. The trend makes an annual inflation rate of 20 per cent possible by
    AP  -  81 words
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      21 14 LONDON Over 20 New Residential Development! around the dty. Good Investment Yields. CONTACT ffIIBBBI eug App *> smta 3 aiK boss 1
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      26 14 CONTACT <*•*•» Studio, one THE CIRCLE From £90,000 to 2 bed apartment! £290.000 and penthouses TOWER BRIDGE Nrt «Cv£u S pool, Sauna, Jacutsi LONDON Guaranteed Ist year
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        50 15 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Broken polled Alliance, Barings, Credit Lyonnais Securities. Daiwa, Fraser, GK Goh, Kay Hian, Morgan Grenfell. One Co, Nomura, Phillip, Smith New Court, Wl Can and SG Warburg.
        50 words
      • Article, Illustration
        HOT STOCK
        100 15  -  By Paul Leo KJLI Holdings turned around yesterday, rising 7 cents to $2.24. A further rise to test resistance at $2.30 is expected. Buying interest was also stronger 1.25 million shares changed hands yesterday compared to the 10-day average of 979,000 units. Directional indicator MACD has just signalled
        100 words
    • Article, Illustration
      Keppel Bank first-half group profit jumps 29% to $34.3m
      692 15  -  Results of Keppel Group companies By Alvin Tay SINGAPORE Keppel Bank cashed in on its much bigger loan base and wider interest margin to report a 29.2 per cent rise in group interim earnings to $34.37 million. The figures, for the
      692 words
    • Article, Illustration
      Lock icon Fels interim gain up 25% despite 3% dip in turnover
      383 15  -  ay Rahita Elias SINGAPORE Listed rigbuilder Far East Levingston Shipbuilding (Fels) scored at half-time a 25 per cent increase in net earnings to $22.2 million despite a 3 per cent dip in turnover to $233 million. i For the six
      Source: BT, Bloomberg  -  383 words
    • Article
      MPHB interim profit up 8% to M$57.4m
      398 15  -  From Ho Kay Tat in KUALA LUMPUR MULTI-PURPOSE Holdings Bhd (MPHB) yesterday reported a marginal 8 per cent rise in net profits to M 557.36 million (5532.6 million) for the first half year to June 30. A surge in contribution from its property
      398 words
    • Article
      Replacing chairman won't help Tenaga
      608 15  -  HOCK LOCK SIEW By S N Vasuki SINGAPORE Market talk has it that Tenaga Nasional Bhd chairman Ani Arope is to be replaced when his term expires at the end of the month. He is said to be unpopular because of his open criticism of
      608 words
    • Article, Illustration
      SSL earnings soar 80% to $35.7m at half time
      378 15  -  By Abdul Hadhi SINGAPORE Listed Straits Steamship Land (SSL) yesterday reported an 80 per cent jump in interim group net earnings to $35.7 million. Turnover was up 72 per cent to $72.46 million for the six months ended June 30. Earnings
      378 words
    • COMPANIES
      • Article
        Temasek ups Keppel stake
        30 16 SINGAPORE Temasek Holdings, a substantial shareholder in Keppel Corp, has increased its stake in the company to 20,782,276 shares through the recent purchase of 1,006,000 shares.
        30 words
      • Article
        Tat Lee directors take up rights
        83 16 SINGAPORE Tat Lee Bank directors Lee Kim Yew and Tan Eng Heng have accepted their entitlement to its recent rights issue. Mr Lee raised his shareholding by 1,021,922 shares to 5,109,611, after paying $2,656,997 for a provisional rights issue of one for four shares
        83 words
      • Article
        China North names director
        39 16 SINGAPORE China North Industries Investment Mangement has appointed Stephen Wong Kwok Kei a director, effective July 28. Mr Wong, a notary public and a practising solicitor in Hongkong, is a partner of Tsang Chan Wong.
        39 words
      • Article
        Lock icon Bandar Raya lifts interim profit 83%
        76 16 Reuter KUALA LUMPUR Bandar Raya Developments yesterday reported an 83 per cent jump in net profit to M 552.61 million (5529.8 million) for the six months to June 30, M 528.77 million in first-half 1994. Turnover doubled to M 5275.64 million, from M$ 137.62
        Reuter  -  76 words
      • Article
        Lock icon Amcorp sells Kumpulan Emas stock
        67 16 Bernama KUALA LUMPUR Arab-Malaysian Corp said yesterday it had disposed of 47.91S million ordinary shares of M 50.50 each, or 19.63 per cent of the issued and paid-up share capital of Kumpulan Emas for M$ 134.79 million (5576.5 million) cash. Amcorp said the sale would
        Bernama  -  67 words
      • Article
        Lock icon Auto firm buys investment company
        47 16 Bernama KUALA LUMPUR Autoindustries Corp has entered into a memorandum of understanding to acquire all the shares in Saka Inspirasi for M 517.5 million (559.94 million). Saka Inspirasi is an investment holding company whose subsidiaries are involved in auto parts manufacturing. Bernama
        Bernama  -  47 words
      • Article
        Untitled
        525 16 »mpn' prtaaa Aug 3 Mendaki Gr Fund 1.03 1.0(0 T. US Gr Fund 1.08 1.12* ThecSIL M 1.61 UOB Asset Mgt Ltd The Savin* Fund 1.34 1.63 Unifund 1.46 1.33 S*pore Prog Fund 0.63 0l67 Untbond f I.OS 1.08 S port Sec Fund 0.93 0.99*d United Gr Fund! 1.62 1.69
        525 words
      • Article
        Indonesia plans move to curb hostile takeovers of companies
        267 16  -  From Leslie Lopez in JAKARTA INDONESIAN stockmarket regulators plan to introduce new legislation aimed at curbing hostile takeovers of pub-licly-listed companies. Barcelius Ruru, chief of the country's securities watchdog agency called Bapepam, said the new takeover guidelines will include an obligation
        267 words
      • Article
        Globe Telecom to pump 4b pesos into expansion
        296 16  -  From Al Labita in MANILA LISTED Globe Telecom, an Ayala Corp-Singapore Telecom joint venture, will spend 4 billion pesos (***** million) next year for its expansion, the company said yesterday. In a report to the Philippines Stock Exchange, the company said the
        296 words
      • Article, Illustration
        Lock icon Small investors to get 50% of Freight Links' public offer shares
        266 16  -  By Alec Almazan SINGAPORE Freight forwarder Freight Links Express Holdings has allocated half of its public offer shares to investors who applied for fewer than 10 lots. "The basis for allotment was selected to ensure the broadest range of
        Photo by Chris Loh  -  266 words
      • Article
        Lock icon Petronas signs Sarawak gas supply accord
        350 16 Reuter KUALA LUMPUR Malaysia's national oil corporation, Petroliam Nasional Bhd (Petronas), has entered into an agreement with four parties to supply gas to the third liquefied natural gas (LNG-3) plant project in Sarawak state. The four Occidental Petroleum (Malaysia), Sarawak Shell, Petronas Carigali, and
        Reuter  -  350 words
      • Article
        Lock icon Insas capable of handling funds up to M$200m
        385 16 Group aims to become global player in fund management MBT KUALA LUMPUR Insas Bhd, in its attempt to become a global player in fund management, is confident that it has the resources to handle funds up to MS2OO million (SSI 13 million).
        MBT  -  385 words
      • Article, Illustration
        Lock icon Pillay expects 10% rise in SIA earnings
        464 16 MBT KUALA LUMPUR Singapore Airlines (SIA) has forecast a 10 per cent increase in profits for the 1995/1996 financial year. Although the calendar year had started rather weak, it has been slowly picking up since April, said chairman J Y Pillay. But he
        MBT  -  464 words
      • Article
        Lock icon Metrojaya to set up 13 speciality stores in M'sia
        276 16 Bernama KUALA LUMPUR Metrojaya Bhd has identified 13 locations throughout Malaysia to set up speciality stores carrying in-house brands in the current financial year. Currently, Metrojaya's in-house brands are fashionwear like East India Company, Somerset Bay and Zona as well as
        Bernama  -  276 words
      • Article
        Untitled
        619 16 Pineal Ex Books Pay Alex Hide 50* b 6 Sep 6 Sep 12 Sep 26 Amcoi F 20 Ai« S Ai« 14 Aug 30 Avimo 20* I 6.25TE Aug 21 Aug 25 Sep 19 Bolton b 7.5 Aug 21 Sep 4 Sep 20 B Scmbawang b 35o Aug 4 Aug
        619 words
      • Article, Illustration
        Jimmy Lai may sell his 35% Giordano stake
        556 17  -  Remarks make little impact on stock as market sees sale as benefiting clothing chain From Quak Hiang Whai in HONGKONG GIORDANO founder Jimmy Lai said yesterday he might sell his 35 per cent stake in the Hongkong-based casual clothing chain but the
        556 words
      • Article, Illustration
        Lock icon More media mergers expected in US
        408 17 Sudden takeover activity may spark bidding war for CBS Reuter Bloomberg Business News NEW YORK After a onetwo punch with takeovers announced for two major US television networks, industry analysts predict more mergers, alliances and perhaps even a bidding war as network television gets
        Reuter; Bloomberg Business News  -  408 words
      • Article
        Lock icon Aussie airline in foreign hands, for now
        366 17 The Qantas flotation Reuter SYDNEY Qantas Airways, an Australian icon, appeared to have inadvertently fallen into foreign hands yesterday after heavy share trading but its defiant chairman assured Australians it would return to Australian control. Confirming the darkest fears of some Australian nationalists,
        Reuter  -  366 words
      • Article
        Lock icon Shanghai puts lid on saturated pager market
        185 17 AFP SHANGHAI The Shanghai Post and Telecommunications Administration Bureau has decided to stop issuing licences to providers of paging services as the market is saturated, a newspaper reported yesterday. The Wen Hui Bao daily said the latest figures showed there were 54 approved
        AFP  -  185 words
      • Article
        HK electronics firm goes bust after boss goes missing
        438 17  -  From Quak Hiang Whai in HONGKONG KIN Son Electronic (Holding), which is listed in Hongkong, has gone under, several weeks after its chairman went missing. Among its debtors is Malaysia's Public Bank Berhad, which is owed HKSI2.3 million (552.2 million). Directors
        438 words
      • Article
        Lock icon British Telecom sues New South Wales, Telstra
        274 17 Bloomberg Business News Reuter SYDNEY British Telecommunications pic's Australian subsidiary yesterday said it is suing the state of New South Wales and government-owned phone company Telstra Corp for damages related to alleged breach of contract. The company didn't say how much in damages
        Bloomberg Business News; Reuter  -  274 words
      • Article
        Lock icon Matsushita to sell digital camcorders
        77 17 Bloomberg Business News TOKYO Matsushita Electric Industrial Co yesterday said it would start selling a digital camcorder to consumers in Japan from September. It will cost 275,000 yen (554,295). Matsushita and Sony Corp dominate the 1.1 million unit Japanese market for the cameras with a
        Bloomberg Business News  -  77 words
      • Article
        Lock icon China Southern to offer shares in NY
        74 17 Bloomberg Business News HONGKONG One of China's largest regional airlines, China Southern, has filed preliminary registration papers to offer shares on the New York Stock Exchange, the Eastern Express reported yesterday. Valued at up to US$2OO million (Ss27B million), the offering would be
        Bloomberg Business News  -  74 words
      • Article
        Lock icon Kai Ming Investment profit up 15-fold
        45 17 Bloomberg Business News HONGKONG Kai Ming Investment Co Ltd, which invests in property, yesterday said net profit rose almost 15-fold in the year ended March. Profit rose to HKSIO.OS million (SSI.B million) from HK5698,076 a year earlier. Bloomberg Busi-
        Bloomberg Business News  -  45 words
      • Article
        Lock icon Wharf responds to media reports on negative re-rating
        237 17 Reuter HONGKONG Wharf Holdings Ltd, whose rating outlook was revised down to negative by Standard Poor's on Tuesday, yesterday responded to media reports on the re-rating. "A number of headlines seemed to sensationalise the issue or to suggest that there was a
        Reuter  -  237 words
    • FINANCE & COMMODITIES
      • Article
        Chaotic Thai market drives Indian rice prices up 10%
        390 18  -  By Siow Li Sen SINGAPORE The price of rice exported from India has risen by more than 10 per cent over the last two months thanks to unscrupulous Thai rice exporters. International rice traders have been tapping the Indian market as
        390 words
      • Article
        Lock icon Viet state bank outruns others in profit
        219 18 AFP HANOI The state-run Vietnam Bank for Foreign Trade (Vietcombank) racked up the biggest profit in the first half of the year of all domestic commercial banks in the country, tfie Vietnam News Agency (VNA) said. In the first six months of this
        AFP  -  219 words
      • Article
        Lock icon Qatar, Iran keen to process crude oil in Singapore
        349 18 Reuter SINGAPORE Middle Eastern oil producers Qatar and Iran, Finding it difficult to sell their crude, are interested in processing some of their output in refineries in Singapore, oil industry sources said yesterday. State-owned Qatar General Petroleum Corp (QGPC) will send
        Reuter  -  349 words
      • Article
        Lock icon US financial group picks Sydney for Asia-Pac HQ
        256 18 UPI SYDNEY US financial institution State Street Boston Corp will spend up to US$l4O million (Ssl96 million) over five years on a new Asia-Pacif-ic headquarters in Sydney. The company joins a growing cast of multinationals that have recently chosen Australia as their
        UPI  -  256 words
      • Article, Illustration
        Lock icon NatWest first-half pre-tax profit rises to £872m
        417 18 Bloomberg Business News LONDON National Westminster pic, the UK's secondlargest bank, said yesterday first-half pre-tax profit rose 13.7 per cent to £872 million (551.94 billion) from £767 million because of fewer bad debts and better performance from US and UK units. I The
        Bloomberg Business News  -  417 words
      • Article
        Lock icon Hang Seng Bank gets nod to open first China branch
        266 18 Bloomberg Business News HONGKONG Hang Seng Bank Ltd, Hongkong's secondlargest bank, said it had received permission to open its first branch in China. The branch's location, in the southern city of Guangzhou, came as a surprise because none of Hang
        Bloomberg Business News  -  266 words
      • Article
        Lock icon ADB issues NT$2.6b bonds in Taiwan
        340 18 First issue in local currency by foreign institution Reuter TAIPEI The Asian Development Bank (ADB) issued NTS 2.6 billion (Ssl36 million) in bonds in Taiwan yesterday and analysts said they expected the value of the fully-sub-scribed landmark issue to rise in the secondary market.
        Reuter  -  340 words
      • Article
        Lock icon Saudi oil policy seen steady after minister switch
        283 18 Reuter LONDON The surprise departure of long-time Saudi Oil Minister Hisham Nazer is not expected to have an immediate impact on the kingdom's oil policy, Opec delegates and oil analysts said on yesterday. They say King Fahd would continue to be the
        Reuter  -  283 words
      • Article
        Lock icon LONDON
        199 18 Reuter LONDON A surprise announcement of deregulatory steps by Japan's Finance Ministiy (MOF) boosted dollar/yen to its highest level in about five months, but dealers here said intervention by the Federal Reserve was needed to turn cautious buyers into bulls. The MOF package triggered a buying spree that lifted
        Reuter  -  199 words
      • Article
        Lock icon NEW YORK
        93 18 AFP NEW YORK The dollar steadied against major currencies here yesterday following intervention by US and Japanese authorities to prop up dollar. Central banks capitalised on the announcement that Japan had taken steps to halt the yen's upward climb. At 1440 GMT, the greenback was worth 1.3980 marks
        AFP  -  93 words
      • Article, Illustration
        Untitled
        1190 18 Trmk-wenktetl index calculated a^mta Spar 's lap 14 trading partners Bate pear IM3 USVSS forward rates Noon Aug 2 St BU Ofcr 1-month 1.9922 1.3*37 2-flMMNfc i 3902 1.3917 3-mo«Ui urn 1.3*92 6-moMh 1.3807 IJD7 Source: OCBC FOREIGN CURRENCY NOTE RATES A* at tai m tag 2: Siinport Mm to
        1,190 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, JGBs end sharply lower
        1375 19 Reuter SINGAPORE Simex Euroyen futures slumped on liquidation following measures introduced by Japan to rein in the yen's surge. Japan announced yesterday it will remove limits on insurance companies' participation in syndicated loans and on their foreign currency loans. Dealers said Japanese investors were likely
        Reuter  -  1,375 words
      • Article
        Tokyo rubber jumps on yen's plunge
        695 19 COMMODITY REPORTS KUDD6I TOKYO: Rubber futures closed at their day's highs on shortcovering following the yen's plunge against the dollar. Prices ranged from 2.3 to 4.0 yen per kg higher. Benchmark January finished up four yen at 110.3. The focus is on the currency
        695 words
      • Article
        Nickel in limited supply in Europe
        84 19 LONDON Physical nickel is in limited supply in Europe, with very little Western material for siaie and only modest quantities from Russia currently on offer, traders say. "If you want spot material, you've got to pay up for it," said one trader, referring to
        84 words
      • Article
        Zinc galvanised steel prices slide
        89 19 TOKYO Prices for zinc galvanised steel continue to drop in Japan in the wake of a hefty increase in imports from South Korea this year. Imports of galvanised steel sheets reportedly soared 28 per cent on the year to 248,000 tonnes in the first half
        89 words
      • Article
        Madras Aluminium resumes output
        76 19 NEW DELHI India's Madras Aluminium Cb (Malco), shut since 1992, has resumed production under a new management. An official at Stertite Industries said his company took over Malco this year. Some 80 per cent of the output will be used by Sterlite Industries to produce metal
        76 words
      • Article
        Huludao zinc output unhurt by floods
        78 19 HONGKONG Flooding in China's Liaoning province has not affected zinc production at the country's Huludao smelter, an official at the smelter's import and export division said yesterday. The official said there have been problems with rail transport in the province, but mostly further north
        78 words
    • Article
      COMMODITY PRICES
      1399 19 SICOM Futures (Mm ctesfag m at SJtp) RSS 1 Cwfcict (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 95 I I 173.50 2721 1600 Oct 171.00 169.73 171.00 22) 1973 Nov 171.00 169.73 171.00 330 2123 Dec 171.00 169.73 171.00 130 1900 Jan/Mar 96
      1,399 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        906 20 +20.4 BLUE chips helped push the local market up 0.9 per cent yesterday to the highest close since May 25. The market was extremely strong in the last few hours, especially in blue chips. The All Ordinaries Index closed up 20.4 points at 2,138.8. The All Industrials closed 21.4
        906 words
      • Article
        Manila
        572 20 +10.27 Share prices rose as bargainhunting for blue chips pulled the market up. An analyst said that after a two-day downturn, people realised that some stocks were worth bargain-hunting for. A fall in interest rates also helped trigger buying. The PSE Composite Index rose 10.27 points to close at
        572 words
      • Article
        Taipei
        510 20 -156.84 Share prices finished 3 per cent lower after the government ordered a troubled cooperative to suspend business. "Market confidence collapsed after the Finance Ministry ordered the Fourth Credit Cooperative to suspend operations," said a dealer, referring to the financial institution that was subject to a massive run on
        510 words
      • Article
        Seoul
        378 20 -8.9 Stock prices drifted 0.9 per cent lower as institutions unloaded their holdings in the absence of market-boosting news. The Composite Price Index fell 8.9 points to 935.7. Turnover was 30.98 million shares valued at 620 billion won. Rises beat falls 510 to 273 with 147 counters unchanged. The
        378 words
      • Article
        New Zealand
        286 20 +8.92 Shares rose for a second day after Telecom reported a 15 per cent rise in first quarter profit. Telecom's profit in the three months ended June 30 rose to NZ5159.3 million from NZ5138.5 million in the same quarter last year. The result was at the lower end
        286 words
      • Article
        Bombay
        96 20 +45.79 Stocks rose as foreign institutions bid up prices amid expectations corporate earnings will grow an average of 30 per cent this fiscal year. The benchmark Sensitive Index of 30 stocks on the Bombay Stock Exchange, the nation's largest, rose 45.79 points, or 1.4 per cent, to 3,436.52. The
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    • WORLD STOCK MARKETS
      • Article
        London
        658 20 +50.5 UK STOCKS surged to near record highs as bond and stock markets across Europe gained after the Japanese government announced measures to boost overseas investment by Japanese investment funds. "Today's the sort of day that you could see some panic to get into the market," said a dealer.
        658 words
      • Article
        Paris
        132 20 +45.42 French shares surged in late trade, breaking the 1,950 and 1,960 levels in rapid succession, on the back of a higher Dow and Japanese steps to weaken the yen against the dollar. French market was already higher because of expectations the Bank of France will cut its ceiling
        132 words
      • Article
        Frankfurt
        196 20 +21.50 German shares ended near the day's high, buoyed by firm Bund futures, hopes for revived Japanese investment in the wake of a deregulation move and a research report urging German rate cut and seeing recovery lasting until 1999. Dealers said the DAX could push up to 2,250 points
        196 words
      • Article
        Brussels
        194 20 +16.10 Belgian stocks closed at a new 14-month high in active trading as the market was boosted by firm bond markets and a strong afternoon dollar recovery. "Bond markets are boosted by increased optimism that the Bundesbank may cut interest rates at next week's meeting and stocks are following
        194 words
      • Article
        Milan
        124 20 +201 Italian shares advanced strongly across the board as the lira's strength and a buoyant BTP September LifTe futures contract kicked the bourse out of its summer torpor. The Mibtel Index closed 2.01 points higher at 10,381. Turnover surged to 780 billion lire from less than 300 billion lire
        124 words
      • Article
        Amsterdam
        285 20 +5.46 Dutch shares swept upwards across the board to hit an all-time closing high as Wall Street surged in early trading and London's FTSE battered through the 3,500 barrier for the first time since Feb 2, 1994. "The market has been waiting to go higher," one dealer said. "The
        285 words
      • Article
        Stockholm
        167 20 +28.38 Swedish shares soared late in the session, tracking international markets up on news of Japan's new drive to control the yen, a stronger crown and lower bond yields, brokers said. The General Index gained 28.38 to 1,701.06. Turnover, at 2.1 billion crowns, was lively given the ongoing holiday
        167 words
      • Article
        Zurich
        225 20 +25.5 Swiss shares posted significant gains on a firmer dollar and US data. A friendly Wall Street opening also contributed to the rise. Volumes were moderate. Trading is likely to remain range-bound with the SMI likely to oscillate between 2,820 and 2,860 points. The blue-chip SMI Index advanced 2S.S
        225 words
      • Article
        Johannesburg
        319 20 +84.8 South African shares staged broke convincingly from their slow, static trend of the past weeks as foreign and local buyers came flooding back to the market in «m about-turn of sentiment, dealers said. The market rallied against a stronger rand, which dipped back towards the close, and a
        319 words
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        Toronto
        192 20 18.30 Stocks jumped early along with surging Wall Street equities and rebounding North American debt markets. The TSE 300 Composite Index rose 18.30 points to 4,602.20 in turnover of 8.70 million shares valued at CSI 17.00 million. Advancing stocks outpaced declines 195 to 123, with 211 issues unchanged. Toronto
        192 words
      • Article
        New York
        641 20 +27.47 US stocks suited, led by financial and other interest-rate-sensitive shares, after Japan said it would encourage overseas investment to help bolster the dollar and make the yen less expensive. Gains in telephone, insurance and computer issues also helped the advance. Stocks also got a boost from a
        641 words
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        Untitled
        595 20 Britannia Funds Stertiat C ask BM Oder Mm Cap Doom 3S.6400 M 6)00 Mia Jenev Gill. 0.1(9) 0 1992 Mini Max Ikow ****** *09*00 USt Cask lacoaae Plus Faad 10.4900 11.0)00 PS S Reserve F.ad S.SIM S.S400 SkriiM Euro Performance 0.4)92 0.49)4 Far Easi Fund *2.74)0 ****** Maa Portfolio 2*710
        595 words
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      Lock icon HONGKONG
      2484 21 Bloomberg Business News HONGKONG Stocks rose yesterday as a rally in Hang Seng Bank and Citic Pacific overpowered a drop in some utility and conglomerate shares. Hang Seng Bank rose amid speculation it might announce another bank was taking a stake in it at a press conference yesterday. Instead,
      Bloomberg Business News; Source: Bridge Info  -  2,484 words
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      Lock icon CHINA
      568 21 CLSA TURNOVER in Shanghai B shares came close to breaking its year-high yesterday, with volume surging to US$lO.3 million, just 4 per cent below the previous year-high recorded on 2 May. The index rose 0.9 per cent The sentiment was triggered by satisfactory company results. Dajiang reported a 36
      CLSA  -  568 words
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      Lock icon TOKYO
      2473 21 Bloomberg Business News TOKYO Stocks rose more than 2 per cent yesterday, its biggest rally in close to a month, as a Finance Ministry call for more investment abroad boosted the dollar as well as exporters' stocks. "When the government goes this far to support the dollar, it makes
      Bloomberg Business News; Source: Bridge Info  -  2,473 words
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      Lock icon BANGKOK
      1398 21 Reuter BANGKOK Stocks broke a four-day losing streak yesterday by ending with a moderate advance in line with most improving foreign markets. The SET Index closed 6.17 points up at 1,378.66 on a tiny 3.49 billion baht turnover, its low since June 19 when 3.09 billion baht was traded.
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      Lock icon JAKARTA
      1150 21 Reuter JAKARTA Share prices ended the day higher in moderate trading, with Citra Marga making sharp gains following news reports of a possible hike in toU road tariffs, brokers said. The Composite Index rose 1.67 points to 513.08. Citra Marga said it has submitted a proposal to increase toll
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      CLOB INTERNATIONAL
      2132 22 Or Gr IW L«M v«i Dn UMQBk n> n> YM fM MO* W«h La. Caapaay Salt CM) Hi* Um Bayer sSa CV ML W MALAYSIAN STOCKS 2 503 434 426 426 421 10 2.1 12 439.0 ill .V. AMM 106 4 521 107 103 10) 106 4.0 30
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    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Share prices rise as investors bid up small stocks
        6682 22 Bloomberg Business News KUALA LUMPUR Stocks rose as investors began putting cash back into small stocks after winning bids for the initial public ofTering of Petronas Gas were announced on Monday. Stocks slumped in the two weeks prior to the announcement,
        Bloomberg Business News; Source: Bridge Info  -  6,682 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7853 23 1964 Gt Cf M Wt HM 1— U« Val Day LmQm M* 0t> YU Nd Cm A»g High U> CMfM; s«k (IM) Hick Urn Bayer Seller CV» P/E Wl Price MDUSTMAL AND COMMERCIAL m, .i 0c 462 +2 "4 466 460 462 464 22.5 5.1 14 9.7 636.9 46) 47a
        7,853 words
      • Article, Illustration
        Lock icon Market firms up as punters focus on rising US dollar
        1846 24  -  By R Sivanithy SINGAPORE Blue chips recovered slightly and Malaysian stocks grabbed most of the action yesterday, as the local stock market shrugged off signs of weakness on Wall Street and instead drew strength from a resilient US dollar. The
        Charts by Bridge Info; Source: Bloomberg  -  1,846 words
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      234 15 NEWS VALUE CamerHn said te be out of tin running for Pacific Brandt (pg 1) Could have a bearing on Camerlin's bid for Yeo Hiap Seng. Stocks o« KL's Socond Board rise strongly (pg 1) Broking Arms the prime beneficiaries. Japan unveils surprise package to deregulate capital markets (pg I)
      234 words
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      162 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore hank*, and captive insurance companies for qualified
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      47 17 The Deluxe Summer Sojo urn, an ajforda lie indulgence. Ring our Singapore Sales Office on 339 8811 now to find out about our special summer offers. i— MANDARIN ORIENTAL HONG KONG SM Mandarin Oriental: 5 Connaught RoaJ, Central, Hong Kong. Telephone: 2522 0111 Facsimile: 2810 6190 •TheFfemlktflkjtdscftbfWbrid
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      25 18 For further information on which mwiitifldi cany Hot World, Go, Singapore Business, Horn* A Decor, Young Parents, piaata call our Customer Services* Section on 1800-740-2577.
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      264 19 iTeltMjamesJ Crack The Safe Mrs Wizard's Crystal Ball. Cost: 30 cents a minute Mire ENGLISH NUMBER Childron's Funland: colour ot t»m 910-0001 Usbom«TPuzzto Adventures 910 0002 The Rope Bridge Horse Racing Results: &*<saQ 911 0001* 40/Swssp/Toto: TotoDi«wNo9M 911-0002* Tele-Games 911-0003 Ciack The Bele A Mra Wizard's Ciyslalßal 12 Mensa Line
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      20 19 begins August Moo 4 Fn 6 00pm Chinese history, poems, writings Co-onfnator David Yong Paoer *****66 Telephone *****93 (after 9pm)
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      20 19 As aid wbea the latest Loaioa/ Rotterdam prices are mot available, the prerioas trading day's doaJag figares are carried lastead.
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      158 20 Discover the unique charm and beauty of classic rosewood furniture from \\ffj 1 1 IT f Singapore Handicrafts Singapore's leading rosewood specialist. A rosewood v^WE&mf I'll master P' ece with its refined lines and exact proportions will f I add a touch of elegance to any room in your home.
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      84 21 0-/2ow passengers travelling to Hong Kong can take a load off their packs, For the earliest flight out of Singapore and the last one back from Hong Kong within the same day, fly United Airlines. The airline that lets you make the most of your time in Hong Kong without
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      74 22 Mondial Clearly the choice for fine European Jewellery Another dazzling collection from Singapore's premierjeweller: ure temptations that at our Great Singapore Sale prices ■BfflhnjjHjSSS you'll only be too glad to give in to. Singapore'* Premier Jeweller •CHt Mondial Sgee Ami City 391 Orchard Road, #01-16 Tower B, Ngee Ann City,
      74 words
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      175 24 Fashion Beauty 'Have A Colourful Lifestyle t Call 24 hours a day for hot topics close to your heartanything from head to toe. Coat- 30 com a minute MFSline A« SFH AadaoTex Service NOTICE NOTICE IS HEREBY GIVEN that, I LECK SOON KIANG of Chiltern Park Blk 135 Serangoon Ave
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      240 24 TOLL-PREETEL. No. 1-800-7/1.1-1833 'FAX:74I-1298 NOTICE IS HEREBY GIVEN that, I TANG TOH HUANG of Blk 123, Simei St 1, #01-416, Singapore 18S2, have applied for a Second Class Public House Licence in respect of M/s Hoshigaoka (S) Pte Ltd located at 200 Victoria Street, #02-50 Parco Bugis Junction Singapore 0718,
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      359 24 NOTICE NOTICE IS HEREBY GIVEN that, I TAN TOH WAH of 971-C Upper Changi Road North Singapore 1750, have applied for a Beer House First Class Licence in respect of M/s Aikma Realty Pte Ltd located at Blk 262 Jurong East Street 24 #01*485 Singapore 2260, and that this application
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      342 24 M THE MATTER OF THE COMPAMES ACT, CAP. 80 AND MM ISLAND PrniW—WTWILTP At an Extraordinary General Matting of the Company duly convened and held at 12 Joo Sang Road. 002-01 Gold Plna Indus** BuMng, Singapore 1336, on tw 28*iday of July 1906, »ia Mowing Special Resolution was duly paaaad.
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      411 24 Singapore Closing Share Pricos 02/08/1098 clom mv low mom UM UM utt um teOll ■—M— 7-40 7.46 7.4S 7Ji rtttfifll JwOhi »l»1i SUM IN *44 3.00 LWJ Datry Fans 0.03 O.M 0.918 O.M BBSS Mh»iiik a.oo i.m I.M I^l EBBsDBB Mantfarin OrtMrt* 1.04 1.06 1.04 14M JlOill »ili» Write 0.410
      411 words
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  • BusinessTimes ShippingTimes
    • Article
      Lock icon DAILY FREIGHT
      504 25 Knight Ridder Reuter THE Atlantic was back in the driving seat of the dry-cargo freight market on firm enquiry but brokers added that the Pacific may slide. It was another day of quiet fixtures but the Baltic Freight Index (BF1), led by the Atlantic, closed five up at
      Knight Ridder; Reuter  -  504 words
    • Article
      MARITIME STOCKS
      319 25 SES WO Aug 2 S$ Vol CWT Distribution 1.74 +0.04 87 Chuan Hup Holdings 1.23 +0.02 116 Cosco Investment 2.00 -0.01 62 Cosco Investment A 1.74 Far East Levingston 6.90 -0.20 2 GB Holdings Ltd 0.80 0 Hai Sun Hup Group 0.915 -0.005 907 Hitachi Zosen 1.02 +0.02
      319 words
    • Article
      Aussie shipping study highlights import bias
      309 25 SYDNEY The annual analysis commissioned by the Australian Chamber of Shipping (ACOS) has shown a heavy bias towards imports in the traffic of international shipping containers through the nation's ports last year. It indicates 52.3 per cent of the 1.8 million container movements in
      309 words
    • Article, Illustration
      Safmarine spending US$170m to expand fleet
      431 25  -  By Alec Almazan SINGAPORE South African carrier Safmarine is investing about US$l7O million (***** million) in its fleet expansion programme. "We have five ships on order consisting of two capesize ships of 160,000 dwt each and three handymax ships of 45,000 tonnes," Safmarine managing
      431 words
    • Article
      SNSA recommends new fee and higher LDF
      225 25 SINGAPORE The Singapore National Shipping Association has recommended that its accredited shipping agents charge a bill-of-lading surrender fee and increase the local documentation fee. A shipping agent is regularly asked to help send cargorelease instructions to the port of discharge or destination. To
      225 words
    • Article
      Lock icon Progress in salvage of grounded tanker
      73 25 UPI SEOUL Salvage workers were making headway on Tuesday in their effort to float a 140,000-ton tanker grounded off the southern coast of Korea with more than 80,000 tons of crude oil on board, news re- ports said. The Korean Broadcasting System said the
      UPI  -  73 words
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      OOCL goes on Internet
      179 25 SINGAPORE Orient Overseas Container Line has launched itself into cyberspace. The Hongkong-based shipping group has established an Internet connection allowing customers access to all OOCL offices and employees globally. "The Internet provides an efficient, convenient and inexpensive way for our customers to communicate directly with the
      179 words
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      Lock icon Haiphong to be upgraded under US$40m programme
      103 25 AFP HANOI Haiphong, the biggest port in northern Vietnam, is to be upgraded under a Japanese aid programme, a port official said yesterday. The US$4O million (Sss6 million) programme, based on funding from the Japanese Organisation of Development Assistance, will start this month
      AFP  -  103 words
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      Lock icon China releases Vietnamese ship after seizing cargo
      174 25 AFP HONGKONG Chinese authorities have released a Vietnamese vessel seized last week off Hongkong on suspicion of smuggling, but are still holding its cargo of second-hand cars, it was reported on Tuesday. The Vietnamese-registered freighter Mien Trung Nine and its 17 Vietnamese crew
      AFP  -  174 words
    • Article
      Lock icon Domination by a few big shipping consortia predicted
      366 25 Lloyd's List SAN FRANCISCO A few shipping consortia with the global reach and freedom to function like contract carriers will dominate the world's trade lanes before the end of the century, according to John Clancey, president and chief executive of Sea-Land Service.
      Lloyd's List  -  366 words
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      Lock icon Port Authority of New York and New Jersey trims budget
      362 25 NYT NEW YORK Under pressure from the governors who oversee it, the Port Authority of New York and New Jersey has begun a round of budget cuts that appear to be a prelude to more drastic steps, indicating that the
      NYT  -  362 words
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      Logistics courses for army officers
      227 25 SINGAPORE The Chartered Institute of Transport (CIT) and the NUS Business Administration Faculty signed a contract last week with the Ministry of Defence to conduct management training courses for logistics officers. The logistics courses to be held from this month to April 1997 will be
      227 words
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      Lock icon Cruise passengers with serious dysentery warded
      185 25 AFP MOSCOW An outbreak of dysentery has struck at least 31 people on board a Russian ship cruising down the river Volga, Interfax news agency reported on Tuesday. The cruiser, plying the route from Nizhny Novgorod, 400 km east of Moscow into the Russian
      AFP  -  185 words
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      Lock icon Japanese owners hit hard times
      858 26 Despite increasing costs and an appreciating yen, shipowners are determined to stay profitable, resulting in radical cost-cutting exercises Fairplay THERE are several different ways of demonstrating just how bad things have become for Japanese shipowners. One way, tried by the Japanese Shipowners' Association (JSA), fa
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      Lock icon Hard for yards but it's not all gloom
      292 26 Fairplay EVERYBODY agrees that Japan's shipbuilders are in a difficult situation. March's dramatic appreciation of the yen against the dollar has meant that their substantial export orders are worth about 20 per cent less than when contracted. The strong yen also makes
      Fairplay  -  292 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      323 26 P«ae •ANL 3 A Me 7 Accord 10 •Ahkrs 6 •Ahrenkid 4 •Appenship 4 Astro 10 Austral II 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
      323 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10635 32 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. EM ETA Advertiser Wmm< Voyage Pg M Bwri mwm NM»
      10,635 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        541 37 »ty W» Berth ktinl P^wrtot 3nagNrt ~i!m S tp 1/95 J1 ata s ,e 03.08/150C iS ftJ .IL 00 12 ,l 03.08/1915 tfcn i hitra AU2 jj atongsife 03.08/190C 2?™ A83 J5 alongside 03.08/050C 08/01/95 J6 alongside 03.08/230C Cata defence J12 afcx«srie 03.08/1300 •*T 08/01/95 121 alongside
        541 words
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        CONTAINER SCHEDULES
        1571 37 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO lUcord ltdb a* »r» Ett/Wr HM fw Tt Fr— Ac* L4y 0656 04/2359 2A 02/1700 03/0659 03/0900 28 02/1/00 03/0659 03/0900 3 03/0/00 03/1159 03/1400 4 03/1200 03/1459 03/1700 Aka Bhum 213$ 05/1100 1A 02/1500 02/1659 02/1900 2A 02/1700 03/0659
        1,571 words
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        COCKETT BUNKER MARKET REPORT
        914 37 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 are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        914 words
    • Air & Land Transport News
      • Article
        Lock icon US to replace old air traffic control computers in '97
        372 38 AP WASHINGTON The antiquated computers that keep track of aircraft between US cities will be replaced in 1997 at five air route traffic-control centres under a US$65 million (5590.5 million) plan announced on Tuesday by Federal Aviation Administration officials. The
        AP  -  372 words
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        Lock icon Climb every hill
        52 38 AFP HONGKONG The cabin crew of Cathay Pacific Airways marching up a hill in Fei Ngo to the beat of a ritual drum on Sunday during the filming of a new commercial. The activities added a touch of colour to the usually quiet landscape of the New
        AFP  -  52 words
      • Article
        Lock icon EU concerned SAS-Lufthansa tie-up may hit competition
        277 38 Bloomberg Business News BRUSSELS The European Commission said it has "serious doubts" about Deutsche Lufthansa AG and Scandinavian Airlines System's plans to coordinate flights and marketing activities. The commission, executive agency of the European Union, said it sent a letter to the two
        Bloomberg Business News  -  277 words
      • Article
        Lock icon FAA approves plan to build monorail at Kennedy airport
        255 38 NYT NEW YORK The Federal Aviation Administration gave a crucial approval on Tuesday to a long-stalled plan to build a monorail system at Kennedy International Airport, an aging facility whose bewildering layout often makes getting from terminal to terminal seem like
        NYT  -  255 words
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        Lock icon Mexicans seek Philippine subway project partners
        134 38 UPI MANILA A group of Mexican engineers is scouting for interested partners in the Philippines to jointly develop and undertake an underground subway system in the country, the government said yesterday. Public works and highways officials said Grupo lea or the Association of Civil
        UPI  -  134 words
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        Lock icon China's rail enjoys record passengers
        67 38 AP BEIJING The start of China's new five-day work week has caused summer train travel to reach a record 3.15 million passengers in a single day, the official Xinhua News Agency reported on Tuesday. The number surpasses the previous one-day high of 2.8 million during
        AP  -  67 words
      • Article
        Lock icon United to launch round-the-world flights in December
        307 38 Bloomberg Business News CHICAGO United Airlines will launch round-the-world flights on Dec 14, the first carrier to offer the service since Pan American World Airways in 1982. UAL Corp, the world's largest airline in terms of paying passengers, wants to cement its dominance
        Bloomberg Business News  -  307 words
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        Lock icon 500,000 aerospace jobs in US at risk: study
        207 38 Reuter WASHINGTON Some 500,(XX) US aircraft manufacturing jobs could be lost in the next two decades because of foreign competition and "offsets" made to win access to overseas markets, a study issued yesterday said. The study by the Economic Policy Institute, a
        Reuter  -  207 words
      • Article
        Hitachi Zosen's 7th ISO 9001 award
        91 38 SINGAPORE Hitachi Zosen Corp's Mukaishima Works, located in Onomichi city, Hiroshima prefecture, has obtained ISO 9001 certification for steel bridge production. The certification was given by Lloyd's Register Quality Assurance of the UK after examination of the design and production aspects of the company's
        91 words
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        Lock icon Federal Express opens Hanoi office
        137 38 AFP HANOI US cargo carrier Federal Express Corp (FedEx) said yesterday it had opened a representative office here, its second in Vietnam. Nguyen Duy Binh, chief representative of the FedEx in Vietnam, said that since opening the first office in Ho Chi Minh City in
        AFP  -  137 words
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        Lock icon Garuda threatens to return planes
        180 38 Reuter JAKARTA Indonesian carrier Garuda Indonesia has threatened to return three of the six McDonnell Douglas MD-11 aircraft it leases from an Irish company because of high leasing costs, a newspaper said. Kompas daily said the airline might replace the planes it leased from Guinness
        Reuter  -  180 words
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        Lock icon Filipinos to fly PAL's new jumbo jets
        180 38 AFP MANILA Philippine Airlines (PAL) on Tuesday began to phase in Filipino pilots to fly the company's newly acquired Boeing 747-400 jumbo jet being manned by Malaysian pilots. A PAL statement said that 25 Filipino pilots with the ranks of captain and first
        AFP  -  180 words
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        AIRCRAFT ARRIVALS & DEPARTURES
        1480 38 AIRCRAFT ARRIVALS DEPARTURES ragM. ii» nm n» AtaDhaM GA895 0050 GA985 1215 GA975 1336 ***** 1306 HI'IMI QF081 1930 QF082 3055 soaas 2066 »■!>«<■■ KL843 0455 KL838 2300 SQ025 0650 SQ026 2365 GA975 1336 MMSf 1480 Mtmm SQ347 0665 SQ286 2040 SQ288 2045 Mk|M B421 1106 SQ182 0915 SQ18I 1410
        1,480 words
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      1146 26 I OTHER DESTINATIONS I I NORTH AMERICA I h* Imilu I M I Io« jwooon mia 1 wit lim hi CAUEOBMAPPWWB I FWOM tffjT CTtflllT ■■i immmmm a/nla/H mm iiM bm bmlmm mm mm *auu< pU b/m| ii/ii m/m I un* n/n m/m I ii/m| ii/m uumbmjvtm tw msv~ "'hM?
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      204 26 Line* and services represented by Members of the Registry of Accredited [*EtoB»\l Shipping Agents, Singapore National VvHSSM/I Shipping Association. I For advertttr* enquiries, contact S/iftw* Times: Td 740-2089 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday Business Times jSSKKKKKKKk 1~ ffpow ADfTYA PRAKASH
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      2899 27 WHOLESALE CENTRE, BLOCK 1, #03-10 SINGAPORE 0511 (12 linos? 10M,,)000nw FAX: *****10/*****28 TUfa R»2012<V250g0 FBOHIP vissa voy sum suns HsmavN smnuwM i/n una 02/01 mm/aBM ma. ii/ti km VM memmmt wnwjD IVK m vm mmm/rnn CMfDMUO M KM VM UiMMM 9MUf H/Y5 v/l M SHMW/IU MBNK SMROM f/9S Ml VM
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      570 28 wsa vot m em m um rm mbmr m I*o to sm ok m WBSBB. me m iifl ~«T~ SZ HZ JOZ JH 3HZ JiE 41/4 M isn IVr \VI HvT ii? mwa jgr~ rln aj~ TvS~~ofr~~sT JSUS IVW n/7 WT IM HgT JVJ lij JZ£ nfl JIM mx wi
      570 words
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      772 28 I NORASIA I II 12SSLI MME HAS DM QM DM Mi MM DM MM tiM MM MM IMR MALTA 3H4 HM MM mm mm S 25 2 2J Jj2 H 22 Mn mm MM maa J? JJ 555 DM MM MM MM fTM Imm mm mm mm mm mm mm
      772 words
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      Page 28 Advertisements Column 3
      406 28 JAFAWHOWOKOHO/Snuir* fieouuui aewice LOADING FOR PORT KLAMQ/PENAMQ mm. wr mm r mrnm I hi —Tp« mmtwm 1 fig ISB tmac n mm |mm I- —T~ biw u nam I hmm ■BJNMIBTMTI 1 *7MM T I HMM I■IIgUM tl >7MM 1 TAYAMN«ATU 14 >7MM I MMM IIIMM~~| WW* H <7 MM
      406 words
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      1064 29 STRAITS SHIPPING PTE LTD p" mm mad ia km cmm« im #ii-ti uppoi thmts COS T»l: *****5S Fm: *****7 BJnsinEinsEsns^ninH CABBO M MLS WBW 9 r- SIMfTIMK MN7f MMra.Uk. a D«ta MAm >7 Am P- i £i2S!*5? ESSm marlm 55 mZ sh!£ i UNMISMK mm MM, la a M-MA* MA*
      1,064 words
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      Page 29 Advertisements Column 2
      1232 29 R&O riOlltiljflAfC (Sin«apore Agencte.) Pte Ltd 19 Hoe Chiaag Road, #9741 Keppcl Towers, Swgapore 92*8 Class Connections WORLDWIDE Tet 225 2233. 34*4 rNocsp.FaK *****27/222 7517 CR Number *****9 IMMZ TT £S2 ow SE, Si 2S2SS?SL« 2EJ 02/00 555 72/00 M* im 26AM TMIT ?2£ !?E 152! awr WO* OMH OSAM
      1,232 words
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      Page 29 Advertisements Column 3
      393 29 mi mmmbmmi mm mm mm «mm mm mm nm mm mm vm mm Mmmn m mm mm mpm ivm Itm mm mm mm km zz/m mm MfiwittMi mm mm mm »n« um mm" nm ~mm~ SS~ mm 55" mm ■MMlZBffra MM MM ISM »HM UM MM MM MM P/M MM
      393 words
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      1091 30 EUROPE/UK/SCAHDINAVIA/FINLAND/RUSSIA SGP ROM ANW HBG THP LHV LHV THP ROM ANW HIG PKL ["55?" E REWARD RW-TU 8* 19/1 20* 27/1 21* 30/1 GATHER RE-012 I|/7 11/7 12/7 13/7 14/7 I* lift I.—ITNW-011 12/1 1* 2* 3* 8* 8* I.6RANO RE 053 17/7 11/7 IV7 20/7 21/7 14* IB* E.
      1,091 words
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      Page 30 Advertisements Column 2
      778 30 IB PERSIAN QULT SERVICE ■vosa WT MP out mi MM MM IWT IM H ■unommmo nanum urn mm am mm mm HIMChA/TT OKHE4* MM xm JIM tiM ttm XV, XV- I JM CROWN oe- OTtmr OMK 0-TO OMH 0M» H ■ktmlu mt-mam jim hm iim mm mm I ALIO ACOTTWi
      778 words
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      Page 30 Advertisements Column 3
      536 30 g^^^^ES«3MASNEA33!3E^S?PTILT^" TEL: *****33 (12 UNES) FAX: ***** IS/*****03 TELEX: RS ***** MSMP (3 Unas) Cfl NO: **********0E ET—WMHMiim«S ACCEPTING FCL AND CONVENTIONAL Vmil Voy ETA I nadh^far Atoyot 41WB 22/08 >^on^^D^ XXXi AbbayWoru 49M8 28/10 H KKM HUW UW7 1 FULLY CONTAINERISED REGULAR 11WB <FPvyy ACCEPTING BOTH FCL/LCL ALSO BOfiOC
      536 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1449 31 «fccffiM CMp,Vj wjvM CQKTANfZA VU r 111? UMSM. ISSSU'L'.'SiA 1 7W fB—nl): mitm MWiNMf Afty Oft COSTAR SHIPPING PTE LTD F io»—ni) tmtu aw* ttnui/tu cmtn—r tn- vl-unm o—«««- fttMM nUr,KI U Wtt:MsM COSMIt CMMMNI 4MMH WO **7* 00S U4§ l»wri COO* lITtTtttOM M Fu: ttttM m**K tn Of :OH7t»
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      Page 31 Advertisements Column 2
      395 31 HEUNG-A SHIPPING (KOREAN FLAG) I w<—wwh I rT cawmom sawa i 1 PJMI IwrlHß|ljM| I m I MI I rtl iKl"""" 1 ill— I B/f7 tl/wlw/wf U/Wlll/WllS/M I»m 11/w SToB*fiBfTV I WIQCO4TB 4W34 I 114/441 11M I H/441 n/W| NEPTUNE AQB4CCS PTE LTD i a arms HaD »4twi is/ni 14/441
      395 words
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      Page 31 Advertisements Column 3
      311 31 pi DONGNAMA LINE 'IMI' n i» OOIiwWWB WWWCK WIMMWMKMWMCBMM wmm9 rw In n m m m wpommmii m/m v/m m/m m/m »m nm mm am n/m m/m is/m ij/m v/m m/m KOMUUVSIII M/M 71/ M 12/ M M/M M/M M/M smmmmmmm m/m m/m m/m ii/m m/m ii/m MIN NK K
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      Page 31 Advertisements Column 4
      621 31 Jf FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT UNE: *****33 (30 UNES) BARCELONA/SPAIN 09/08 LEHAVRE/FRANCE 04/08 MARSEILLE/FRANCE 03/08 HAMBURG/BREMEN 04/08 GENOA/ITALY 05/08 ANTWERP/BELGIUM 04/08 GOTHENBURG/SCAN 06/08 ROTTERDAM 04/08 AARHUS/COPENHAGEN 06/08 FEUXSTOWE/UK 07/08: LOS ANGELES/WC/IPI 04/08 SYDNEY/MELBOURNE 05/08 NEW YORK/EC 04/08 FREMANTLE/ADELAIDE 03/08 VANCOUVER 04/08 BRISBANE 05/08
      621 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1033 34 PvTv|wV|^^^^v r ■■LUAKI _—^■iyMiHtoßißmß^B^^^^^^^^B b? Bi 1 vo<c *w «n vebbb. Www ww l^H IVCTSB. fvOY MN not 1 0000 gASY 07» FX low Tua MAM B.MABOUA 8817 Thu HPi g 01W ST" to l<~. S"g» "u—f-om T« wn 1 E jggim NANTA BHUM 20*1 Sat 08AM Tua OUM HAWAffWW
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      Page 34 Advertisements Column 2
      692 34 7t AWOM IWAD, •21-01, HHaAPQWto2o7^^^^^^^C>^MB*****o<>oo«^^^^^^ f gnum «wrm»ww»ic« I PORT KLANQ PENANQ I g<& W* WB. VBgL IWW I W I SEA LAUREL 41QN (PAH THU 04AMFRI XOUR STORE ***** 1006 THU OMMSAT -B £**1 -UfißE SOU «*»sat fIZOAJOI XPUWTWCa ***** 04AMFRI 06*06 SUN PRAfiONIWAS 42N 0606 SUN 06Q6TUE -55s
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      Page 35 Advertisements Column 1
      524 35 BSA il M MYANMA FIVE STAR LINE (MyiiiW National Liaa) w Loading tor Yaagon (Rangoon) Span p.ng PEN PB* BNASM MR hp A-ah mm MALAYSIA MENU: 30USTEAD SHIPPING AGENCIES HJL TEL 02-03-2417M PKL TEL 02-OS-37M1I1 PEN: TEL 02-04-2S***** POO: TEL «-07-»1t»1/4 llH NIGERIAN NATIONAL MP SHIPPING LINE SPORE FOR TBN
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      Page 35 Advertisements Column 2
      847 35 ADVANCE CONTAINER UNES (PTE) LTD API 140 Oieß SObM, #12-00, PIL BußcOng, SfogaporoOlOß LZ TEL. *****21, FAX *****19, TELEX RS ***** ACLPL ——i CR NO. **********0E if 5555 a&. I-"* I I-" 1 I.^l^ ■wwm mm mam tm ot/m mi Ncmmbwa Imil n« L I v_ nnt ts&m* mae. w/w
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      Page 35 Advertisements Column 3
      747 35 |W""" |W I 1 I lEHM/RE HAMBURG FIMMCaTOHT WOTTBOAM MfflW VILEOECAfIBM CIOW O*W 2MB 31/W OMB OVW O«Ei vn£P6BAom* 9WH tags ow otam ~~oa*B imb —Tun VBXE D'AQULA AlflW 22AM 12AM 14AM IVOB WB IMS VCLED-HYPRA Hlo* 2MB Ift» 2VW a« jt« agg ALSO ACCEPTING CAROO TO ALL U. K.
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      Page 36 Advertisements Column 1
      667 36 AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi, Islamqala (Doqharun) C.1.5./RUSSIA: Alma Ata. Ashkhabad. Baku, Dushanbe. MilitZfif A Munch Irkutsk. Khabarovsk, Krasnoyarsk, Korsakov, Moscow, Hnnitirrlrii n Novosobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA ALIO >Q PIH CANOO TO:
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      Page 36 Advertisements Column 2
      719 36 mm sasfis3i§!s|& K^J? 4 4638 BANGKOK: (063) *****97 SJ^^^aSlo JKT: <21)*****07 MP* (tl)S44>» BAHDUWQ: 08)***** I ASIA-HKC/IWN/BKKI GENOA/EUROPE I PEN PKL SIN DAILY RECEIVING N 2/8 3/8 4/8 HKG/BKK/KEE/KHH £5,"^ haflen S holm ll 2/8 4/8 5/8 6/8 HKG/BKK/KEE/KHH -h 28 HKG/bkkaemhh M SHANGHAI/DALIAN JPMHWEAWHIU XIAMEN/BEUING Manila/Cebu 2/8 3/8 4/8
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      Page 36 Advertisements Column 3
      251 36 DIRECT MONTHLY SAILINGS vissa a si m pi nn cr ARIA V 122 SLO 4/1 14/8 2S/8 2/» •Also calls E.L. P.E. MALAYSIA AGENTS: PORT KBANG T6. MAM TH:*****00 TH:*****8 SUB AGDfTS: KOU KMAIAUJ UMMU TH: *****7 TB.-*****6 > (FOREST PRODUCTS SERVICE) TAW SKN KKU ITU PACTA* V2/9S SID SID
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  • Page 37 Miscellaneous
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      Page 37 Miscellaneous Column 1
      130 37 REGIONAL WEATHER LEGINO: R Thunderstorm Temperoture c A V Shower Weother Wind d*«ct>on with speed m knots Rain vj Cloudy Sky Wav Serfac. vie* or* mdicoted by orr<m» wfcdl Hy with tke wmd O On,U c,rct r*«x«ents calm or light and vonabJ. wind* J_* One half Heche represents 5 knots
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      Page 38 Advertisements Column 1
      57 38 ASIA WESTBOUND RATE AGREEMENT (A Regional Unit of the Far Eastern Freight Conference) INCREASE IN REEFER THC SURCHARGE Following a review of Reefer THC for Asia Westbound Rate Agreement Asian Ports, the Member Lines of AWRA have decided to revise the Surcharge from 20 to 30 percent with effect from
      57 words