The Business Times, 5 October 1995

Total Pages: 38
1 38 The Business Times
  • 12 1 SINGAPORE BusinessTimes WE KNOW ASIA MITA(P) 194/12/94 Thursday October 5 1995 85$
    12 words
  • 148 1 Stock MriNt^Mew^^ STII 2,127.72 +17.32 KLSEComp 988.32 +11.08 Nikkei 18,145.08 +2.09 Hans Seng 9,939.95 +134.49 SETIndex 1,312.94 +16.62 Jakarta Comp 492.65 +4.85 Manila Comp 2,569.33 -48.35 Taipei WPI 5,086.45 +50.66 Seoul Comp 982.89 +7.10 Bombay BSE30 ...3,531.49 +38.28 CLSA China B 833.55 -0.84 AustAUOrd 2,103.4 -28.6 FTSE100 3,544.1 +19.1 Aweragief
    148 words
  • 690 1  -  From Neil Behrmann in LONDON BRITISH trader Nick Leeson, blamed for bringing down Barings investment bank, must return to Singapore to face trial for fraud and forgery, a German court ruled yesterday. In its 13-page ruling, the court allowed 11
    690 words
  • 681 1  -  By Michelle Low SINGAPORE Property watchers expect the benchmark Urban Redevelopment Authority price index to fall in the third quarter, signalling that the much-talked-about residential property downturn has finally kicked in. Consultants and analysts agree prices in the more vulnerable market segments
    681 words
  • 507 1  -  Fran Catherine Ong in GENEVA SINGAPORE is one of four Asean countries vying to be the South-east Asian hub for the US$2.6 billion (553.7 billion) Inmarsat-P global satellite phone system in which Singapore Telecom has so far invested US$94
    507 words
  • 261 1 See what O J does to markets Bloomberg Business News NEW YORK An eerie quiet descended over the nation's financial markets on Tuesday as the pursuit of profits took a back scat to the fate of OJ Simpson. New York's Wall Street was deserted and the bars filled with TV
    Bloomberg Business News  -  261 words
  • 469 1  -  Froa Quak Hiang Whai in HONGKONG THE significant breakthrough in Sino-British talks and declining bond yields powered Hongkong's Hang Seng Index to a 13-month high yesterday, with brokers expecting the index to break the psychological 10,000 barrier today. Brokers say improved SinoUK
    Source: Bridge Info  -  469 words
  • 70 1 Reuter NEW YORK Stocks fell for the third straight session yesterday as Wall Street braced itself for disappointments in the upcoming batch of thirdquarter profits. At 2 pm EDT, the Dow Jones index was down 16.26 points to 4,733.44 after losing nearly 12 points on Tuesday, and
    Reuter  -  70 words
  • Page 1 Advertisements
    • 211 1 CD-tafc RmottMl CO Tun* m*i DSP Sound Proc*SMrAXU9nn|M Controatr FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. ttnipiri: Phone; *****33 Kmia Umpur Phone; 757 0233 PMM|: Phone; 615 985/619 014 Marti: Phone; *****9/*****8 n New owner tightens grip on Promet After wresting control of Promet from Brian Chang in a lightning
      211 words
    • 8 1 Focus Pg it What the Vienna Convention means
      8 words
    • 21 1 Hock Lock Siew p g 13 Should DBS Land sell Clarke Quay? What lies ahead for O J Simpson? Pg 9
      21 words
    • 53 1 STFH jao^jHoysE Mltomat» tk (joifr'y. GOLF HOUSE MEGA Ngse Ann City GOLF HOUSE Canlrvpoint GOLF HOUSE Marina Square B ROYAL SPOtmNG HOUSt GOOUP Bottom Line: p rr Suharto's ne/^pmonesa^ V?; 41 1 v"' V s '-v V*. •..•••A. •3 .Sir- J yf?V- *>*- i>* •"/>- v iv. \S*k) .V >£
      53 words

  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 337 2  -  By Jennifer Lien GROWTH in international telephone traffic continued to drop in July, with the number of calls growing just 17.3 per cent over the number in the same period last year. This is a far cry from the year's high of 26.9
        Source:  -  337 words
    • 293 2 The Straits Times JAKARTA Deputy Prime Minister Tony Tan assured Singaporeans here yesterday that the Government would give serious attention to education for children of those who worked overseas. At a tea reception on the second day of a three-day visit to
      The Straits Times  -  293 words
    • 485 2  -  Fnm Teh Hooi Ling in BEIJING THE Singapore government can replicate the US$3O billion (Ss43 billion) Suzhou Township project elsewhere in China if it is successful, said Deputy Prime Minister Lee Hsien Loong yesterday. It will also not allow other
      485 words
    • 363 2  -  Lee Wai Leong SINGAPORE Telecom plans to offer companies in Singapore ultra-high-speed data communication services by the end of this year. Based on an emerging technology known as Asynchronous Transfer Mode (ATM), the service will enable users to transmit data at
      Photo by Chris Loh  -  363 words
    • 309 2  -  Base to test market for country music in region By Corinne Kerk AMERICAN entertainment production company Opryland Productions will use Singapore as a test market for country music in the region and will begin by putting on two performances here. Its sister company the
      309 words
    • 306 2  -  Rahita Elias THE Civil Aviation Authority of Singapore (CAAS) hoisted its net suiplus 11 per cent to $304 million for the year to March 31. Chairman Sim Kee Boon says in the 1994-95 annual report, released yesterday: "Healthy yearly surpluses are necessary
      306 words
    • 332 2  -  Toh Han Shih THE government has improved conditions for manufacturing and service companies to automate. Such companies can now turn to 20 more financial institutions for financing and two more government bodies for consultancy grants. The changes were disclosed by Minister
      332 words
    • 115 2 JAPANESE electronics giant Aiwa yesterday opened its $5.5 million testing centre here. The new electromagnetic compatibility centre the only one Aiwa has outside Japan is a result of the company's effort to make its Singapore operation self-sufficient, thus freeing its Japanese parent to focus
      115 words
    • 365 2 THE Westin Hotels Resorts Group's main engine of growth will be its operations in the Asia-Pacific, which is expected to account for some 40 per cent of group revenue in the next three years. Westin's regional headquarters in Singapore is expanding to meet the
      365 words
  • Page 2 Advertisements
    • 47 2 T'; v market was as smooth. Ch 11fyis only equalled by their Cy Jiade in France Kim HNESSI KUIIQUE: #02-38 CMhpoirt U: 235 7368 OAIHES UMTfTT! BRAN SCOOTS ttKASNMATA DBI STOtf AND AUTHOHSED DCAIHS Sofa Agnfc Mil Owfe kstiqw ha Ltd TEL 552 6233 FAX: 552 8723
      47 words

  • Page 3 Advertisements
    • 309 3 Two Top Prizes Return to Canon Sydney, for the J&J& 0 attractive goody bag! Prizes GARDEN COURSE r; Mercedes other //o/z- iVoi#M TAMPINES COURSE Honda Omega One return Thanks to Mercedes-Benz It's an event you won't want to miss for the world. At Canon TMCC His Excellency, President of Republic
      309 words

  • SOUTH-EAST ASIA
    • 411 4  -  From William Chia in JAKARTA INDONESIAN monetary authorities have no plans to introduce drastic measures to counter the inflow of speculative capital despite the pressure this has put on exchange rates. Bank Indonesia governor Sudrajat Jiwandono, dampening concerns sparked by the
      411 words
    • 270 4 MANILA The Philippines said yesterday annual inflation hit 11.8 per cent in September, its highest in three years, and economists and stock market analysts urged the government to bring prices under control. The figures, widely leaked before they were officially released, sent the already
      270 words
    • 159 4 AFP Bloomberg Business News MANILA Philippine exports rose year-on-year by 34.5 per cent to U551,585 billion (552.2 billion) in August, buoyed by shipments of electronics, the National Statistics Office said. This brings the value of exports in the first seven months of 1995 to
      AFP; Bloomberg Business News  -  159 words
    • 442 4 SCMP HONGKONG The Asian banking landscape is "nothing short of treacherous" and fraught with potential problems, Thomson Bank Watch said. The agency said banks in China, Hongkong and Indonesia faced the most pressing credit risks. In a strongly critical report, Bank Watch analyst
      SCMP  -  442 words
    • 203 4 Reuter BANGKOK Thai Finance Minister Surakiat Sathienthai has said he is not worried about the rising inflation, saying he is confident the consumer price index (CPI) will come in on target for all of 1995. Year-on-year CPI rose 6.2 per
      Reuter  -  203 words
    • NOTE BOOK
      • 132 4 AFP KUALA LUMPUR A Malaysia-Thailand joint venture has made a substantial gas discovery in overlapping waters in the Gulf of Thailand. Bernama news agency yesterday quoted the Malaysia-Thailand Joint Authority as saying the combined gas flow rate recorded from tests conducted in the well
        AFP  -  132 words
      • 69 4 Reuter KUALA LUMPUR Malaysia's manufacturing industries recorded sales of M 588.2 billion (SSSO billion) in the first seven months of this year, up 25.6 per cent from the same period last year, the Statistics Department said. A survey covering 58 manufacturing industries showed the semiconductor industry
        Reuter  -  69 words
      • 116 4 AFP KOTA KINABALU Malaysian officials were trying yesterday to ascertain the ecological damage wreaked by an oil slick on a coral island, a well-known divers' haven, off the eastern state of Sabah. The Department of Environment (DOE) said it was first alerted on Saturday by
        AFP  -  116 words
      • 92 4 Reuter YANGON Myanmar's opposition leader Aung San Suu Kyi yesterday made her first trip out of Yangon since she was released in July after nearly six years of house arrest. Ms Suu Kyi left for Tharmanya Hill in Karen state, about 270 km from Yangon, yesterday
        Reuter  -  92 words
      • 73 4 AFP JAKARTA Indonesia recorded nearly 2.3 million foreign tourists arrivals in the eight months to August, 4.4 per cent more than for the same period last year. Information Minister Harmoko said yesterday that 2,296,336 foreign tourists visited Indonesia in the period, with 335,940 arrivals recorded in
        AFP  -  73 words
    • 378 4 Reuter JAKARTA Indonesia announced positive trade figures yesterday, prompting optimism among analysts who said the economy was on the right track while the central bank reiterated inflation would be kept below double digits. Information Minister Harmoko told a news conference that Indonesia recorded
      Reuter  -  378 words
    • 143 4 Bemama JOHOR BARU The Johor government does not intend to change its rules on foreign ownership of property when its redevelopment project at Gelang Patah is completed, Mentri Besar Abdul Ghani Othman said yesterday. He said the state government was considering more effective alternatives for
      Bemama  -  143 words
    • 55 4 Reuter MANILA Filipinos queueing for cheap government rice yesterday. The rice is being sold at 10.25 pesos (550.56) a kg compared to prices of up to 26 pesos in retail markets in Manila. Rice prices shot np because of a supply shortage caused by drought
      Reuter  -  55 words
    • 305 4 UPI WASHINGTON Vietnam expressed frustration on Tuesday with the slow pace at which the US is negotiating a trade pact and said both nations' economies have suffered as a result. Vietnamese foreign minister Nguyen Manh Cam, whose country established diplomatic relations with the US
      UPI  -  305 words
  • Page 4 Advertisements
    • 227 4 Singapore INSTITUTE OF yp MANAGEMENT More Ahead With An Accounting Master's The Master of Business (Accounting) programme is designed to meet the needs of accounting professionals and executives who wish to upgrade their accounting degrees or professional qualification to a Master's level and at the same time to enhance their
      227 words
    • 64 4 1 CANTO PUB 1 sysisjs&sssif m "X's CANTO PUI OI«C° 4ft Proudly presents The Ben's Band' J T>i+&ct SCou# wjHßj with exclusive singers/Isabella A Camp 4 TkuH&At: 3pm Bpm Ladles Night Draft Beer 40% Discount Ist Drink $3 only Bottle and Premium Drinks .> 20% Discount jfOHH: Normal: Ist Drink
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  • ASIA
    • ASIA NOTES
      • 120 5 Bloomberg Business News SYDNEY Australian annual inflation in the July-September quarter was likely to have accelerated to just below the central bank's 3 per cent annual ceiling. And this could sound alarm bells among interest rate hawks. The government is scheduled to release figures
        Bloomberg Business News  -  120 words
      • 80 5 Reuter TOKYO General Motors Corp received a licence to sell its Cavalier model car in Japan without having each car inspected, the Transport Ministry said yesterday. It is the second non-Japanese company to win a licence which allows the car maker to avoid the
        Reuter  -  80 words
      • 70 5 AFP TOKYO Nippon Telegraph and Telephone Corp (NTT) is considering a joint venture with trading house Itochu Corp, Britain's Cable and Wireless pic and Hongkong Telecommunications Ltd to promote Japan's personal handyphone system in Asia, company officials said yesterday. NTT and Itochu officials said
        AFP  -  70 words
      • 71 5 Bloomberg Business News TOKYO Japan's merchandise trade surplus for the first 20 days of September shrank 16.8 per cent from the same period a year ago to U554,988 billion (557.14 billion), the Finance Ministry said yesterday. Exports during the 20-day period rose 5.7 per cent
        Bloomberg Business News  -  71 words
      • 68 5 Bloomberg Business News SYDNEY Japan's five largest electric power companies will send representatives to Australia next week on a buying mission. The companies will meet with Australian manufacturers in Melbourne on Oct 11, according to the Australian Trade Commission. The five companies are Tokyo
        Bloomberg Business News  -  68 words
    • 428 5 Bloomberg Business News SEOUL South Korea's largest business group denounced a government measure requiring companies to curtail borrowing from foreign capital markets when investing overseas, saying it will raise fund-raising costs. The Federation of Korean Industries held a meeting of
      Bloomberg Business News  -  428 words
    • 202 5 AFP SEOUL South Korea posted the world's highest export growth rate this year, followed by Mexico and Spain, the state-run Korea Trade Promotion Corp (Kotra) said yesterday. A Kotra survey of the 34 largest exporting countries showed that South Korea recorded a 33.4
      AFP  -  202 words
    • 248 5 AFP BEIJING More than US$2 billion (Ss2.B billion) went missing from Beijing municipal coffers during the 12year tenure of disgraced city chief Chen Xitong, sources said yesterday. Beijing's former mayor and party secretary who last week was stripped of all his party
      AFP  -  248 words
    • 285 5 Reuter SHANGHAI China is turning most of its state-run enterprises into limited holding firms as part of its overhaul of state industry, a senior official was quoted as saying by official newspapers. A few are becoming limited shareholding firms, with some to
      Reuter  -  285 words
    • 408 5 Last-ditch bid to revive controversial USsBoom hydroelectric scheme AFP KATHMANDU Nepal's Finance Minister is to meet the World Bank's president to ask for help in reviving a controversial hydroelectric power project here, scrapped after the bank withdrew funding two months
      AFP  -  408 words
    • 451 5 Bloomberg Business News Reuter BEIJING China has vowed to boost economic growth in inland regions over the next five years, in a bid to reduce poverty. Sixteen years of economic liberalisation yielded uneven results, with economic growth and investment
      Bloomberg Business News; Reuter  -  451 words
    • 102 5 Reuter BOMBAY Kumarmangalam Birla (centre), the son of noted industrialist Aditya Vikrmm Birla, carrying his father's body at the funeral in Bombay yesterday. Thousands thronged to pay their last respects to the industrialist, who died in the US on Sunday. Concern over the future of
      Reuter  -  102 words
    • 131 5 AFP TOKYO A top Japanese business leader yesterday urged the government here to cut corporate tax rates by 5 percentage points. "It is obvious Japan's corporate tax rate of 49.98 per cent is excessive in comparison to major Western
      AFP  -  131 words
    • 442 5  -  From Quak Hiang Whai in HONGKONG THE sluggish Hongkong residential property market is unlikely to recover in the short term, according to Hang Seng Bank, the second largest bank in the territory. The bank, which has one of the largest mortgage
      442 words
    • 373 5  -  By Lu Ning SINGAPORE Hongkong's Studio City Cinemas, an associate of US cinema giant United Artists, is to become the first wholly-owned overseas movie-house operator to run a cineplex in Beijing. It will operate an eightscreen cineplex in Sun Dong
      373 words
  • Page 5 Advertisements
    • 186 5 What do today's market leaders offer their customers? Cpieas© Vone) best total cost Q best products best total solution WORLD COMPETITIVE MANUFACTURING Copyright 1995 All Rights Reserved Intensive 3-Day Workshop 2 Leaders 3 Facilitators 1 to 3 Nov 1995 Hilton International Singapore This workshop gives companies the unprecendented focus and
      186 words

  • Page 6 Advertisements
    • 87 6 TAGHeuer SWISS MADE SINCfc 1860 h&x g! ~V" */>* v s?;lSk $4 immkf^jjab* p -CV-, /.v* ,< v WHWIMMffIMMPWSift HliniflWlffl^?ii^^ l Tliro TiT 1 r > < x v' jfe'i> **>■■ i *4 it > < > 1 1 W J' t v T. I i> z ~..'<> «f w
      87 words

  • FOCUS
    • 482 7  -  World Economic Outlook Leon Hadar in WASHINGTON THE storm that broke with the financial crisis in Mexico has been weathered well by most emerging market countries in Asia and Latin America, according to the IMF Outlook. Contrary to earlier fears, "contagion
      482 words
    • 232 7 JAPAN is experiencing M one of its most serious economic slowdowns in the postwar period", the result of successive finarci&l shocks including the bunting of the 1980s assetprice bubble and the yen's continued sharp appreciation, says the IMF Outlook. With an exchange rate
      232 words
    • 334 7 UNDERLYING trends in the world economy are encouraging, says the International Monetary Fund (IMF) in its latest World Economic Outlook. It points to effective economic policies contributing importantly to the favourable performance and prospects of most countries, especially the emerging economies of Asia. The
      334 words
  • Page 7 Advertisements

  • Page 8 Advertisements
    • 284 8 The World's Favourite Beer. pNf|IMtt«OJD*mU*CMO- w f AAAlaaaaml* Ll|lA\ '/nH VtITTWvMIV KIITV Just spend $500 and above wflhin 6 months at any of our ourfefc to qualify fer our gold cord membership. Mm ma u tumm m in iauw/smiw MftMWteHMlMSok JV r •77 total kd«l4V«snM9^K MMISSM/MIM74 A Casual Open-Air Cafe
      284 words
    • 237 8 BOOLEVAAD HOTEL KO Ocfcard Baafcrard Jtafiporc 1024 Itt7T7 29tl V Rijstaffel Delights 1 September -31 October 1995 uetsStft— cakkfixxu A unique blend of Dutch influence on Indonesian cuisine delivers Rijstaffel I::: a sumptuous buffet spread of delights like Ayam Kelia, Masak Lodeh, Tahu Z Isi Sayuran and Bendi Gortng. Z::
      237 words
    • 300 8 ENJOY SUPERIOR DELICACIES AT VERY SPECIAL PRICES! Braised Superior Shark's Fin with Crabmeat at $14.80 Braised Whole Baby Abalone in Special Sauce at $14.80 Double-Boiled Bird's Nest at $25.00 With all these wholesome, nourishing goodness, what are you waiting for? •All prices subject to service charge govt, taxes including GST.
      300 words
    • 381 8 WHERE TO WINE, DINE AND ENTERTAIN I 7 -> Br JjSB^kHT~^BImIHI Singa Inn, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea breeze at the same time! SIRSfJ IFfi seafood restaurant Offers more than iust live seafood! 920
      381 words
    • 287 8 rajJ 4m I fancy 'Beijing? I 'Then, we're delightedto suggest the Tine Court for a memorable dining experience Our lunch menu offers a variety of duui fin 'Beijing dumplings, a selection of i■ set menus, and 'Beijing specialities HjKVC such as 'Beijing Tench and ctf[ Marinated Lamb. 7ancu some now
      287 words

  • LIFESTYLE
    • 1275 9  -  Now that the courtroom drama is over, what lies ahead for OJ Simpson? Tamara Jones looks at the challenges to come for the footballer-turned-actor Tamara Jones LAT-WP WHEN OJ Simpson became a free man at prec i s e 1 y 11.02 am (Los Angeles
      LAT-WP; Reuter; AFP  -  1,275 words
  • Page 9 Miscellaneous
    • 986 9 EMc Hitfumhifh Spocial, Bpm, December British pop groups he was the In rivetting performance eight years he sings hits like Heartbreak Hotel, Hound Dog, All Shook Up, A Can't Help Falling in Love, tic. La Bayadour, 10pm, Promiara 12 Under the of Rudolph Nureyev, who also cho- L .1 iBS*?
      986 words

  • 533 10 THE term "peace process" has fallen into disrepute, more and more regarded as a euphemism, an internationally-accepted palliative. Innocents around the world are starved, shelled, massacred and "cleansed" as the peace process continues in conference halls, at summits and through shuttle diplomacy. Yet the 460page
    533 words
  • 254 10 ISRAELI Prime Minister Yitzhak Rabin put his finger on the pulse of the moment when he said: "Only poets dreamed of it, and to our great pain, soldiers and civilians went to their deaths to make this moment possible." The occasion was the signing of
    254 words
  • 203 10 ISRAEL is already reaping the rewards of its peace treaty signed with the PLO. No sooner had the ink dried in Washington last week, when the first prize for the Jewish state was announced: The sale of American supercomputers to Israel. Next came the consideration of the
    203 words
  • 177 10 STATEMENTS made by both Chinese Foreign Minister Qian Qichen and US Secretary of State Warren Christopher after their talks in the past few days show that the bilateral relationship at the moment is not at a sufficient state of progress for US President Bill Clinton to invite his
    177 words
  • 146 10 THE CONCERN over family violence and how best to deal with it is taking centrestage now. At the last sitting of Parliament, the Acting Minister for Community Development, Abdullah Tarmugi, announced that the Women's Charter would be revised and expanded to deal with cases involving family violence.
    146 words
  • 151 10 PUBLIC DEBATE about the role of the military in the realpolitik of this country used to emerge only before general elections or around Armed Forces Day. Now it is becoming more frequent. The trend seems to have been influenced by both the process of globalisation and
    151 words
  • 135 10 IT HAS BEEN 10 years since the Plaza Accord was adopted, marking a shift from a monetary system dominated by the US dollar to one featuring policy coordination between major economies. The success of the accord, however, took a heavy toll on Japan, which failed to take
    135 words
  • 1135 10  -  But Mr Clinton's critics are making rapprochement difficult, says Leon Hadar Leon Hadar The writer is BT's Washington correspondent PRESIDENT BUI Clinton and his aides are saying that after several months of Sino-American tensions on human rights, trade and Taiwan, they are finally moving towards repairing the
    1,135 words
  • Page 10 Advertisements
    • 190 10 We Brought High-Performance Storage To Mainframes. We Brought It To Midrange Systems. We Brought It To The Open Environment Now We're Bringing It ToAsia. The worldwide leader in data storage, retrieval and cbsinbuttm has now opened is doon in Asia. And not a moment too soon. The information explosion has
      190 words
  • Page 10 Miscellaneous
    • 39 10 IsgEESEeEHEa (I 1 NOT U*¥NT f\ BCAVmPOU 7 fMJU**fS "THE. «MSTT3UCTIOM UO*P ftgOCJEJSSOR V \WmjPsL 7 SO SmPtX .SO K V ~z *-d &mL IS DON'T > ttflß MtHfekpv^ U3ITMOUT IT .A gftfj. -IH£ Ue.»GHT I e«>ioo»iwi»WMWMLr».iwnm 9s>a DOONESBURY GARRYTRUDEAU
      39 words

  • THE LAW PAGE
    • 1081 11  -  Diana Oon looks at the fine print to find out what's different in the Vienna Convention for the international sale of goods from the local framework Diana Oon ROM next March, I Singaporean businessmen can choose I to use a United
      1,081 words
    • 310 11 Businessmen who attended a recent Trade and Development Board seminar on Singapore's ratification of the Vienna Convention had two main concerns to put to a panel of experts. They were: How do businessmen include the Vienna Convention in future trade contracts? and;
      310 words
    • 866 11  - Procter Gamble bedevilled by the rumour mill Rick Raber reports on guerilla tactics in corporate rivalry Rick Raber Bloomberg Business News A LOT of companies have to fend off rumours about being taken over. It's the one about being possessed that has Procter Gamble Co fuming. For almost 20 years
      Bloomberg Business News  -  866 words
    • 351 11  -  AT THE BAR By Conrad Raj David Chong Co has not only expanded into the region but has also recently established an office in the British Virgin Islands. According to senior partner David Chong, his firm is the first and only one from
      351 words
  • Page 11 Advertisements
    • 63 11 50 KALLANG PUDDING RD New Warehouse Units For Sale EiwbAßk UpoN A PerFect Investment Freehold Warehouse Units from 1,442 sq ft onwards Located off Aljunied/MacPherson Road Separate access for goods and private vehicles Separate goods and passenger lift lobbies Ceiling height from 5 metres to 8 metres Maximum permissible live
      63 words

  • 364 12 NYT Reuter WASHINGTON Treasury Secretary Robert Rubin acknowledged on Tuesday that the world economy was in "a pause" but forecast that growth would be solid next year. On the eve of the annual meeting of the International
    NYT; Reuter  -  364 words
  • 351 12 Bloomberg Business News HONGKONG The Chinese government is looking to raise from US$5OO million (SS7IS million) to US$l billion in the international bond markets in the next few months in its first foreign debt sale since February 1994. Investment
    Bloomberg Business News  -  351 words
  • 274 12 Reuter WASHINGTON The Index of Leading Indicators rose by a modest 0.2 per cent in August, the Commerce Department said, partly because of stronger manufacturing activity. The index has risen in two of the past three months, suggesting a firmer underlying
    Reuter  -  274 words
  • 236 12 Reuter FRANKFURT The Bundesbank sanctioned a small reduction in its leading money market interest rate yesterday but economists expected the central bank would keep its official, interest rates unchanged this week. The Bundesbank allowed its securities repurchase rate, or "repo", to fall slightly
    Reuter  -  236 words
  • 185 12 AFP Reuter TOKYO Japan's Daiwa Bank Ltd is considering a sharp cut in overseas operations, especially in the US, following last week's disclosure of a US$l.l billion (S$ 1.6 billion) bond trading fraud in New York, Kyodo News Service said yesterday. The
    AFP; Reuter  -  185 words
  • 803 12  -  The Bottom Line YANG RAZALI KASSIM YANG RAZALI KASSIM The writer is BT's regional analysis editor I SO MUCH has been said about Liem Sioe Liong, Indonesia's richest man, and his rags-to-riches story. Most of the talk has been about his links with
    803 words
  • 327 12 Reuter The Economic Times NEW DELHI India's premier housing finance agency will raise more than four billion rupees (SSI6B million) in equity through a private placement with a group of foreign investors, including Government of Singapore Investment Corporation (GIC).
    Reuter; The Economic Times  -  327 words
  • 137 12 Reuter GENEVA The European Union will offer today to ease foreign access to its telecommunications sector under a global pact on basic telecommunications being negotiated in the World Trade Organisation (WTO). Trade diplomats said last night that the EU liberalisation offer, which
    Reuter  -  137 words
  • Page 12 Advertisements
    • 41 12 To crack the safe or enter Mrs Wizard's crystal ball, call Tele-Games on 1900-911-0003, at 30 cents a minute. IMF report on world economic outlook, pg 7 BOSS AVAILABLE AT TAKASHIMAYA SC.. ISETAN ORCHARD RD, BOSS SHOP NO. 01-061/063 SUNTEC CITY
      41 words
    • 9 12 Daiwa braces itself for probe by govt, Page 17
      9 words
    • 81 12 For stories, quizzes songs, cell Children's Funland on 1900-910-0001 at 30 cents a minute. r nji WILKIE ROAD PRIME FREEHOLD RESIDENTIAL DEVELOPMENT SITE Land area of 6,401 aq ft PmrimHy to Orchard RoaddXy Potential residential pkx ratio Ohoby Ghaut MRT station 012.1 ExcoNent accessibility and I Freehold title convenient to
      81 words

  • COMPANIES & MARKETS
    • 322 13  -  By Agnes Wee SINGAPORE Marco Polo Developments says it stands to lose about $54 million in rental income up to the year 2000 with the three floors of Lane Crawford Place given up by retail store Lane Crawford Singapore to be
      322 words
    • 506 13  -  By Jenny Lam SINGAPORE City Developments is strengthening its existing retail operations and intends to open more shopping complexes in the suburbs here. "We intend to build and manage more malls in good suburban locations, especially near MRT stations,"
      Photo by Chris Loh  -  506 words
    • 277 13 SINGAPORE The financial advisers to construction company Econ International have advised its shareholders to sell their stock in the open market if they can get a price higher than that offered by takeover hopeful Yenville, failing which to accept the
      Source: Bloomberg  -  277 words
    • 810 13  -  HOCK LOCK SIEW Lee Han Shih SINGAPORE Well, it's not exactly the end. But it's certainly telling that DBS Land decided to exclude Clarke Quay in its soon-to-be listed hotel and leisure arm. The "festival marketplace" concept of Clarke Quay was
      810 words
    • 292 13  -  By R Sivanithy SINGAPORE Property tycoon Ng Teng Fong is in the market trying to spread out his holdings in Yeo Hiap Seng in an attempt to retain the beverage company's listing status. He is trying to do so at his takeover
      292 words
    • 121 13 SINGAPORE The public tranche of Showpla Asia's initial public offer of 6 million shares was subscribed 19.76 times at the close yesterday. It comprised more than 30 per cent of Showpla's total launch of 20 million shares at US$O.35 (550.50) each. The other 14 million
      121 words
    • EYE on your STOCK
      • Article, Illustration
        47 13 Mtod Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Barings, Credit Lyonnais Securities, Daiwa, Fraser, G KGoh, KayHian, Morgan Grenfell, Ong Co, Nomura, Phillip, Smith New Court and WI Can.
        47 words
      • Article, Illustration
        77 13  -  UIU I 1 By Ven Sreenivasan ALTHOUGH the daily stochastics suggest that it has upside potential, Datapulse is meeting stiff resistance at the 80-cent level. If it breaks resistance from yesterday's close of 78 cents, it could reach 8S cents in the short term. Support is at 75
        77 words
    • COMPANIES
      • 64 14 SINGAPORE Champerdon has failed in its $1-a-share takeover bid for Sesdaq-listed Horiguchi Engineering. It received acceptances for only 7,200 shares, representing 0.02 per cent of Horiguchi's capital, when its offer closed yesterday. This was not enough to take its shareholding over SO per cent. Champerdon
        64 words
      • 86 14 SINGAPORE Singapore Telecommunication Group's equity stake in US-based Fax International (FI) has dropped from 50.89 per cent to 49.99 per cent. This is due to the exercise by Fax International employees of stock options for 303,407 shares of common stock. With the decrease, Fax
        86 words
      • 57 14 SINGAPORE First Capital Corp yesterday reported changes to the boards of its subsidiaries. Lee Hon Chiu has resigned as a director of Melville Park Development and First Changi Development. Pauline Wong has been nominated as a director for the companies. Lim Ee Seng has been
        57 words
      • 84 14 Bernama KUALA LUMPUR MMC Engineering Group Bhd's group pre-tax profit for the half year ended July 31 dropped 14 per cent to MJ5.52 million (553.12 million) from M 56.39 million in the previous corresponding period. However, group turnover increased 15 per cent to MS 8
        Bernama  -  84 words
      • 556 14 i U t _A Egi 'Tw'ofwwia avppara mm iihk mg as* Premier t 0.92 o.97id§ The j.53 1.62 MmMmI Ml S|pofe Pre* Fuad 0.5« 0.62ul Citi Global Boad Fd 0.974 0.984** Cto Am taft» Fd 1.110 l.l«S pore Equity Fund 0.73 0.10 Kapprf InHM Ma IWI TM ICeppd Managed Fd
        556 words
      • 577 14  -  Fran Ho Kay Tat in KUALA LUMPUR BUSINESSMAN Soh Chee Wen yesterday tightened his grip on Promet by becoming its sole managing director and promptly declared that he would "kickstart Promet back into the Malaysian business scene" through
        577 words
      • 508 14 The fall and rise of Soh Chee Wen MANY people find Soh Chee Wen's spectacular recovery from financial ruin to corporate success hard to believe. But Mr Soh himself denied yesterday that he was just a frontman for more powerful Figures.
        508 words
      • 172 14 SINGAPORE DBS Land has awarded the main construction contract for its service apartment project in Ho Chi Minh City, worth US$lB million (SS2S.7 million), to Christian i Nielsen International Construction Asia. The contractor is a whollyowned subsidiary of Thailand- listed Christiani Nielsen (Thai) Public
        172 words
      • 386 14 SCMP BERLIN German vehicle manufacturer Daimler Benz has put aside its planned Shanghai listing after the lacklustre response to its Singapore flotation last year. Chief financial officer Manfred Gentz said the company wanted to stimulate trade in Singapore before
        SCMP  -  386 words
      • 194 14 MBT KUALA LUMPUR Farlim Group (Malaysia) Bhd and newly-listed Suiwah Corporation Bhd will undertake commercial development projects through a joint-venture company, Private Range Sdn Bhd. Farlim said in a statement yesterday that it had on Sep 30 acquired the entire stake in
        MBT  -  194 words
      • 102 14 MBT KUALA LUMPUR Southern Plastic Holdings Bhd, which is listed on the second board, hopes to be listed on the main board of the Kuala Lumpur Stock Exchange by 1997. The group has estimated a total turnover of Ms7o million (5539.7 million) for 1996 and about
        MBT  -  102 words
      • 290 14 Bernama KUALA LUMPUR Berjaya Sports Toto Bhd is wellpoised to capitalise on its competitive edge by having the most number of sales outlets and the most types of games, said chairman Vincent Tan. He said, in the company's 1995 annual report, that efforts were
        Bernama  -  290 words
      • 156 14 Reuter KUALA LUMPUR Electronics firm Dai Hwa Holdings (M) Bhd will be listed on the Kuala Lumpur Stock Exchange's main board tomorrow, a KLSE statement said. Dai Hwa, which has a paidup capital of M 5112.7 million (5563.9 million), made
        Reuter  -  156 words
      • 427 15 Bloomberg Business News HONGKONG China Resources Holdings Ltd is cashing in on investors' renewed appetite for China stocks as it offers shares in its food unit, Ng Fung Hong Ltd. In one of Hongkong's largest initial share sales
        Bloomberg Business News  -  427 words
      • 266 15 Bloomberg Business News HSINCHU, Taiwan Texas Instruments-Acer will break ground today for a US$l.35 billion (S$ 1.93 billion) computer memory chip plant designed to meet a surge in worldwide demand. TI-Acer spokeswoman Ruth Pao said the plant in the central Taiwan
        Bloomberg Business News  -  266 words
      • 73 15 Renter HANOI Officials from the Ford Motor Company of the US and Vietnamese officials shovelling soil during the groundbreaking ceremony for a US$lO2 million (Ssl4s million) motor assembly plant in Hai Duong town, about 551 un east of Hanoi, yesterday. Construction work on the 15,000 sq
        Renter  -  73 words
      • 132 15 Reuter SYDNEY The float of Papua New Guinea's big Lihir gold project closed to private investors yesterday after overwhelming demand but brokers said the bulk of the issue will be in the hands of institutions. "The demand has been extraordinary and we
        Reuter  -  132 words
      • 337 15 Bloomberg Business News HONGKONG New World Development Co Ltd has already lured investors to shares in a new company that will run its highway, bridge, power and port projects, bankers said yesterday. Credit Lyonnais Securities Asia Ltd, which began taking orders for stock
        Bloomberg Business News  -  337 words
      • 171 15 Bloomberg Business News WELLINGTON Forestry and energy group Fletcher Challenge Ltd said it has reached agreement with Maori groups for a joint bid to buy the New Zealand government's forestry plantation company Forestry Corp. The government is planning to sell Forestry Corp's forests, which
        Bloomberg Business News  -  171 words
      • 485 16 NYT Bloomberg Business News NEW YORK AT&T Corp, in an early sign of how it plans to pursue its Internet and global communications strategy after it splits up into three groups, has quietly filed a federal application to build and
        NYT; Bloomberg Business News  -  485 words
      • 146 16 Reuter SEATTLE Microsoft Corp chairman Bill Gates may be the richest businessman in the world, but he is far from the best-paid executive at the software giant. Microsoft Corp chief operating officer Robert Herbold, the company's No 3 executive, currently receives more than double Mr
        Reuter  -  146 words
      • 209 16 Reuter NEW YORK A rift between credit card giants MasterCard and Visa over security for online business widened on Tuesday as MasterCard teamed up with International Business Machines Corp (IBM) for a new set of specifications for shopping security on the Internet! MasterCard
        Reuter  -  209 words
      • 270 16 Reuter NEW YORK IBM's Lotus Notes software received a huge boost with a pact with 11 telecommunications partners that will help Lotus reach its goal of 20 million Notes users by 1997, analysts said. Earlier, IBM's Lotus Development Corp unit announced strategic
        Reuter  -  270 words
      • 79 16 Bloomberg Business News LONDON The Bank of Scotland pic yesterday said first-half pre-tax profit rose to £261.6 million (SSS9O million) from £213 million last year on increased lending and fewer bad debts. Analysts had expected the bank to post a profit of £255 million
        Bloomberg Business News  -  79 words
      • 50 16 AFP JAPAN Japan's Pioneer Electronics company has unveiled its latest CD player CDJ-5011 (right) and mixer DJM-500 for disc jockeys. The CD player allows the DJ to start play within 0.01 of a second. The mixer features an automatic beat per minute (BPM) detector. AFP
        AFP  -  50 words
      • 79 16 Reuter WASHINGTON Bowing to an environmental campaign, Texaco Inc has agreed to cap all of its oil and gas field production unit stacks within a year to protect birds and bats from falling or flying down the stacks. The company in 1994 covered 600
        Reuter  -  79 words
    • FINANCE & COMMODITIES
      • 473 17 Reuter CINCINNATI Procter Gamble Co said in court filings that subsidiaries of Bankers Trust New York Coq?, in derivatives dealings with P&G, committed fraud and engaged in a pattern of what it termed racketeering. Bankers Trust has said a pending P&G lawsuit
        Reuter  -  473 words
      • 526 17 Reuter SINGAPORE Lower refinery runs in Japan, Asia's largest crude oil importer, have created a glut of crude supplies which will persist due to poor refining margins in the region, industry sources said yesterday. "There are too many products around,"
        Reuter  -  526 words
      • 369 17 Bloomberg Business News OSAKA Daiwa Bank Ltd expects Finance Ministry officials to begin poring over its books by the end of the week as authorities step up their probe on how a lone trader could have racked up USSI.I billion (S$l.SB billion) in
        Bloomberg Business News  -  369 words
      • 274 17 Reuter LONDON Oil prices stayed firm yesterday, supported by the closure of US installations in the path of Hurricane Opal, but only major damage was likely to force a significant move upwards, brokers said. London November futures for North Sea Brent blend
        Reuter  -  274 words
      • 180 17 Reuter LONDON The dollar eased against most major currencies by late London dealings as a round of profit-taking after Tuesday's gains set in. The G-7 meeting in Washington on Saturday has been helping to keep the dollar's undertone firm this week, but scepticism over whether central banks will match
        Reuter  -  180 words
      • 94 17 AFP NEW YORK The dollar was mixed against other major currencies early yesterday in a calm market here focused on consolidating ahead of US unemployment figures for September and a G7 financial ministers meeting. At 1400 GMT, the dollar was quoted as trading at 1.4365 marks, up from
        AFP  -  94 words
      • Article, Illustration
        1237 17 Tradeweahted mdex rakidmrl ofuut J port 's lop 14 trodmt pmtntn lUoe year 1985 USS/SS taraanl rain Noon Oct 4 BU Offer 1-MMh I.42TJ I.43M 2-mooch 1.4241 1.42*3 3-month 1.4212 1.4227 6Hnoatfc 1.41 It 1.4131 Sam* OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES at aa 0* 4 Singapore iMIn Id
        1,237 words
    • COMMODITIES & FUTURES
      • 1211 18 Reuter SINGAPORE Simex Euroyen closed slightly higher on the back of a Arm US dollar while Eurodollars were softer in quiet trade. Dealers said Euroyen trade was range-bound on lower-than-average volumes, but the dollar's continued strength against the yen provided support to Euroyen futures. US
        Reuter  -  1,211 words
      • 664 18 COMMODITY REPORTS Rubber TOKYO: Rubber futures closed higher, with buying back in nearby months on the yen's weakness against the dollar hauling distant contracts higher. Prices ranged from four to 4.6 yen per kg stronger. Benchmark March finished 4.6 up at 140.4. Sentiment is
        664 words
      • 60 18 NEW YORK Shell said it began cutting back operations at its 225,000-barrd-per-day Norco crude oil refinery on Monday to about 150,000 bpd as a precaution against Hurricane Opal. "It was gradually brought down," an official at the plant said. Operations are expected to be
        60 words
      • 108 18 ABUJA The Nigerian government has reached agreement over the payment of funding arrears to the major oil firms which are its venture partners in crude-oil exploration. Officials of the Nigerian National Petroleum Corporation confirmed yesterday that the payment of arrears in government contributions
        108 words
      • 88 18 HONGKONG China's demand for edible oil has increased recently in expectation that the government wilt issue up to 500,000 tonnes of import licences for the commodity, traders said. Demand for soyoil has picked up in the past week with inquiries of up to 30,000 tonnes
        88 words
      • 84 18 LONDON Copper is likdy to remain on a price plateau at the top of its bull market through the rest of this quarter and into the first and possibly the second quarters of next year, Bioomsbury Minerals Economics says in its September report. Bioomsbury said
        84 words
    • 1317 18 SICOM Futures Oct4 ||.AL KuDoer Physical Prton (Mm cfcwlng as al 5.30pm) WlCaafcait (S cents/kg) Aa at 12 noon (Scents/kg) Ook Volume Open Mooth High Low Sat (tonnes) Interest RSS 2 Nov 93 199.50 200.50N Nov 95 200 50 100 1975 RSS 3 Nov 95 199.00 200.00N Jan
      1,317 words
    • REGIONAL STOCK MARKETS
      • 881 19 •28.6 SHARES closed easier yesterday amid hefty futures sdl-ofTs and fears of a correction on Wall Street. "The futures market was negative all day and that tended to influence the physical market," a broker said. "It sounds crazy, but Wall Street was very nervous coming up to the O
        881 words
      • 552 19 -4835 Share prices plunged amid unconfirmed rumours that inflation had surged in September. 'This was because of the unconfirmed report that inflation rates had gone to double digits in the month of September," a dealer said. The PSE Composite Index lost 48.33 points to 2,569.33. Turnover was 3.65 billion
        552 words
      • 508 19 +50.66 Share prices finished higher in firm trading, with majorbuying focused on textile, construction and food shares. "We saw more buyers today as the rise in the value of Taiwan dollar is expected to help ease the tight credit which currently plagues the bourse," said 2 dealer. The 321-issue
        508 words
      • 263 19 -1428 Stocks declined, as foresters Fletcher Challenge and Carter Holt Harvey mirrored declines in US paper and forestry stocks. Foreign investors, dominated by Americans, own an estimated 53 per cent of New Zealand stocks. Sentiment in the US tends to spill into the domestic market. Some investors are
        263 words
      • 405 19 Stocks were mixed as shares of big exporters rose on expectations institutional investors will buy them, while securities and other financial issues fell on poor earnings prospects. "Institutional investors are formulating their new investment portfolio for the second half of the year,** said a trader. The Composite Index rose
        405 words
      • 76 19 +3&2S Share prices closed up, but stocks of companies owned by Aditya Birla who died on Saturday were down. "It was a selective rally," said a dealer. "The Birla group shares were down but that s not surprising." Other brokers said speculative demand at the start of new account
        76 words
    • WORLD STOCK MARKETS
      • 605 19 4-19.1 UK STOCKS rose, hoisted by pharmaceutical stocks as US investors sparked a surge in buying interest. Positive comments from Salomon Brothers and Goldman Sachs for SmithKline Beecham and the drugs industry as a whole cncouraged the advance. "We're seeing a lot of US buying for the drug stocks
        605 words
      • 139 19 4-3.17 French stocks recovered from earlier lows to close mixed as investors focused on companies reporting first-half earnings results. "We're still getting mediocre results there aren't any fundamental reasons for the market to rebound," said a trader. "Movements (in stocks) over the last few days have largely been technical."
        139 words
      • 180 19 +14.58 German stocks rose, disregarding the dollar's fall, amid hopes the US currency's weakness will be contained before the meeting of the Group of Seven industrial nations this weekend. "As long as there isn't a lot of negative news coming out of the US on the dollar, the DAX
        180 words
      • 220 19 -11.27 Belgian stocks fell to a three-month low on speculation tax increases announced in the government's 1996 budget will stifle consumer spending. The decline was aggravated by a fall in the dollar, reducing earnings of companies such as steel cord and wire maker Bekaert NV, which sells 30 per
        220 words
      • 214 19 -12.5 Swiss shares ended weaker on moderate volumes after slipping into negative territory in early trading. The easing dollar and early losses on Wall Street offset good sentiment. The market was seen consolidating after recent gains. Profit taking pressured some insurer stocks. The blue-chip SMI Index fell 12.5 points
        214 words
      • 320 19 +7A South African shares ended mildly firmer after quiet trading as few fresh factors emerged to spur price gains despite a steady undertone. Demand for blue-chip industrials had picked up and the market was seen tending firmer on positive local economic factors and expected strong corporate earnings growth. The
        320 words
      • 191 19 +4*6 Stocks opened mixed and were seen drifting lower in light trading as October doldrums hit and some resources enter a weak season. The TSE-300 Index rose 4.6 points to 4,504.1 on volume of 7.7 million shares with a value of Csl2B million. Toronto Oct i d WAbttiMPnce 24
        191 words
      • 630 19 -7.95 Stock prices edged lower in 3uiet trading early yesteray as the market tried to cope with persistent worries about upcoming third-quar-ter earnings reports amid a sell-off in technology issues. The Dow Jones Industrial Average, which slipped 11.56 points on Tuesday, was down 7.95 to 4,741.75 at 11am
        630 words
      • 164 19 -29 Italian shares edged lower throughout the day depressed by the heavy fall in the market's largest stock Fiat, which took a pounding on concerns over its second half prospects after Tuesday's investors presentation in London. Fiat spelt out its problems in the Brazilian car market in the second
        164 words
      • 227 19 +0.12 Dutch shares ended barely chaneed, supported by a mostly steady dollar in generally thin trade. The AEX index edged just 0.12 point higher at 463.82, down from the day's high of 466.00. KLM shares gained 1.30 guilders to finish at 57.60, buoyed by market talk that strategic realignments
        227 words
      • 100 19 +3.31 Swedish stocks rose in moderate trade, with Astra the main market mover. Astra rose four crowns to 423. The OMX Index rose 3.31 points to 1,445.86. Interest-sensitive shares were also among the market winners, dealers said. "We're following the US, with an upturn for pharmaceuticals stocks but more
        100 words
      • 591 19 Starttaf Caak BU Offer Mini Cap Depos* 3* 4400 M.6S00 MimJeraeyG* .O.IM) 0.1992 Mim Mm Income *0.9200 10.9600 USS Caak Income Plus Fond 9.9)00 10.4000 PS S R«erv« Fund *3.5700 *3)100 Slartiaa EfrilT Euro Performance .0.4592 0 4931 Far Ean Fuad *2.7450 *2 9730 Man Portfolio .2.1220 2.2940 UK Growth
        591 words
    • Article, Illustration
      2383 20 Bloomberg Business News HONGKONG Stocks rose to 13-month highs as traders bet declining bond yields would prompt investors to buv more shares in the fourth quarter. "This isn't the time to be defensive," said a dealer. "The Hang Seng may reach 11,000 by year-end as US bond yields decline
      Bloomberg Business News; Source: Bridge Info  -  2,383 words
    • Article, Illustration
      620 20 CLSA IN Hongkong, the H share index lost 7.69 points at 998.22 on a turnover of HKSS.7S million. Luoyang Glass was the biggest winner of the day, gaining 5 per cent on a turnover of US$6OO,OOO. Chengdu Cable was the top loser, failing 3.5 per cent. In Shanghai, the
      CLSA  -  620 words
    • Article, Illustration
      2414 20 Bloomberg Business News TOKYO Stocks were little changed as gains by Nippon Steel and other steelmakers offset declines in airline shares on concern that prices don't reflect earnings potential. The Nikkei Average rose 2.09 points to 18.145.08. The Nikkei 300 Index climbed 1.44 to 272.56. Led by the surge
      Bloomberg Business News; Source: Bridge Info  -  2,414 words
    • Article, Illustration
      1368 20 Reuter BANGKOK Stocks closed sharply higher in moderate trade led by strong buying of relatively cheap bank and finance issues as the gloomy market mood was buoyed by rallies in Hongkong and other regional bourses. The SET Index closed 16.62 points higher at 1,312.94. Turnover was 53.5 million shares
      Reuter; Source: Bridge Info  -  1,368 words
    • Article, Illustration
      1069 20 Bloomberg Business News JAKARTA Slocks rose as investors welcomed the release of trade and inflation figures that they considered positive for shares. The Composite Index rose 4.8S points to 492.65. "Stocks were definitely moving up a little bit because of the trade surplus," said a trader. Clove cigarette maker
      Bloomberg Business News; Source: Bridge Info  -  1,069 words
    • 2484 21 Gf Gr l« Laat Vol Dar LmiOmM OK DH YM N* MO» HJ«fc Low Staa Ci n>ny Salt W- COM) High Urn Bmfm Safer CV P/E M MALAYSMN STOCK* 471 19* n> J000 MSB 30c 346 -2 IW 400 M4 M M 3.0 -2.9 0 354 9 127
      2,484 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6562 21 Bloomberg Business News KUALA LUMPUR Stocks rose from a five-month low yesterday as comments by a central bank official helped allay investors' fears over Malaysia's trade deficit. On Monday, Zeti Aziz, an adviser to Bank Negara, said she was not concerned about
        Bloomberg Business News; Source: Bridge Info  -  6,562 words
    • STOCK EXCHANGE OF SINGAPORE
      • 5113 22 c* Gf M Wt Vel Day LmQm Mr Dtr YU N«t Cap A<g High Um Sum Cmm—wj Sale (tM) High Lot. B.y«, SeBer C* P/E Wl Prka —MWH AND COMMERCIAL 210 IM 125* Acer 50c US 192 *4 699 196 190 190 192 13.0 317.1 530 382 at 1000 Acma
        5,113 words
      • 1806 24  -  By R Sivanithy SINGAPORE Noticeable activity in the shares and related instruments of the Jardine group of companies, and late buying of Cycle Carriage shares were the main features in the local bourse yesterday. The Straits Times Industrials Index, which had traded
        Charts by Bridge Info; Source: Bloomberg  -  1,806 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
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      146 words
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  • Page 18 Advertisements
    • 80 18 PLASTIC MOULDS PRODUCTS An overseas Co. engaged in manufacturing Plastic Injection Moulds moulded products, looking for a Singapore Malaysian Co., interested in a buy back arrangement for Moulds Moulded poducts (House hold, Engineering, Automotive, Computer parts etc.,) as per their own design and requirement. Please direct enquiries to:Tel: *****83/84 Fax:
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    • 91 24 Stock code ■wnber for QokkStock Portfolio Maaager service ud reakwe stock iifo. Call 1900-913-0003 at 30 cents a minute. i A quick look i at the markets. For Financial i News, call 1900-913-0001, at 30 cents a minute. 8 ——————————————n iHHF9INIW9WHHHi You may have been unable to get your Business
      91 words
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      584 words
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      843 words

  • Shipping Times
    • 536 25 Knight-Ridder Reuter AN EXCEPTIONALLY quiet dry cargo freight market could only partly be accounted for by holidays in the Far East and Germany, trade sources said. BifTex futures were actively traded lower with November taking the brunt of the losses to trade as much as SO points down.
      Knight-Ridder; Reuter  -  536 words
    • 319 25 SES '000 Oct 4 S$ Vol CWT Distribution 1.50 +0.01 69 Chuan Hup Holdings 1.27 -0.02 167 Cosco Investment 1.97 +0.01 15 Far East Levingston 6.20 -0.05 6 Freight Links Express 0.77 -0.005 157 GB Holdings Ltd 1.06 -0.05 357 Hai Sun Hup Group 0.945 -0.01 260 Hitachi
      319 words
    • 397 25  -  Yong Mei Fong SINGAPORE With the growing trade in the region, container-leasing companies would have to operate on a scale large enough to cater to the demand for more containers by shipping lines. At the same time, they would be challenged to
      397 words
    • 445 25  -  rafli i Al Labita ift MANILA THE ANZ Banking Corp has extended a US$lO million (5514.3 million) loan to an Australian-managed company currently in the midst of a 2.3 billion peso (SS 126.3 million) project to expand and modernise
      445 words
    • 95 25 SINGAPORE Taiwan's Evergreen group was recently involved in an unusual assignment shipping container loads of single malt Scotch whisky on n 70-day 'round-the-world' voyage. The idea was to keep the whisky in oak barrels (abort) at sea for many weeks for the spirit to mature. The whisky was
      95 words
    • 58 25 Knight-Ridder JAKARTA Indonesia's Transportation Minister Haryanto Dhanutirto has proposed a revision of tax rates on cargo vessels in an effort to stimulate the domestic shipping business. The Jakarta Post yesterday quoted Mr Haryanto as saying only 3.6 per cent of cargo to and from
      Knight-Ridder  -  58 words
    • 812 25  -  A special focus on people in the shipping industry »y Alec Almazan THE first thing a visitor notices as he enters Robert Yap's plush office is a large framed poster of the Chinese word sheng hanging on the wall
      812 words
    • 355 25 Reuter COLOMBO Container traffic at Colombo port, Sri Lanka's main harbour and South Asia's transshipment hub, is rising despite fears that a recent tariff hike could hit market share, port authorities said on Tuesday. "Total tonnage and transshipment traffic increased by about 21
      Reuter  -  355 words
    • 176 25 Reuter ISTANBUL Projects are needed to ease shipping and transport among countries that use the Black Sea, participants at the First International Black Sea Ports and Shipping Conference said on Tuesday. Evgeni Kutovoy, director of Black Sea Economic Coop* eration, said
      Reuter  -  176 words
    • 1003 26  -  Holland's smaller ports are all part of the country's transport success story. Alan Dickey reports Alan Dickey Lloyd's List The dutch pons sector has a tendency to be overshadowed by the achievements of its showcase facility, the world's largest port, Rotterdam. And whpe Rotterdam is
      Lloyd's List  -  1,003 words
    • 330 26 Page ANL 3 Abk 7 Accord 10 Ahlers 6 Ahrenkiel 4 Appenship 4 Astro 10 Austral II Avant 6 BSA II Batamindo 7 B'tangMas 10 Bright Express 6 CCNI 4 CMA 11 •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4
      330 words
    • 10124 32 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore folll lowed by the ETA at the destination. The page number refers to the location of the schedule advertisement J2Lww52iJ5SS«^J22^mm-!L—.-JL A Abu DhabV St Johns 07/10 18H0 Unigiory
      10,124 words
    • SHIPS IN PORT
      • 634 37 V——I Voy Wo Bfth Arrival Dtpiluf CBD fiikah 7/95 J1 alongside 05.10/1200 (BT) Cahaya Muda 2 3/95 J1 alongside 05.10/0700 (BT) R8-2795 3395 J1 alongside 05.10/1200 Asian Confidence 09/95 J15 alongside 05.10/0600 Bete J12 alongside 05.10/2300 Bum* Putra 10/02/95 J2 alongside 05.10/1300 Futtsun J16 alongside 05.10/0700 Gia
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      • 1539 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rsits Ship Voy No Etb/Btr Portod From To From Acx Clover 005B 06/2359 IB 04/1500 04/1659 04/1900 2A 04/1700 05/0659 05/0900 28 04/1700 05/0659 05/0900 4 05/1200 05/1459 05/1700 Acx Jade 2588 05/1700 IB 04/1500 04/1659 04/1900 Aka
        1,539 words
      • 191 37 OCT 6 Egypt: Armed Forces Day. Syria: October War Anniversary. OCT 7 Namibia: Day of goodwill. OCT 8 Israel: Eve of Feast of the Tabernacles (Sukkoth). Sri I.aa ha: Poya Day. OCT 9 Caaada: Thanksgiving Day. Eantfor: Holiday. Israel: Feast of the Tabernacles (Sukkoth). OCT 10 Japaa: Physical
        191 words
    • AIR & LAND TRANSPORT NEWS
      • 515 38 Bloomberg Business News NEW YORK Lenders are falling over themselves to provide financing for Mass Transit Railway Corp, the company building the rail link from central Hongkong to a new airport. The company sold US$3OO million (***** million) of 10year
        Bloomberg Business News  -  515 words
      • 69 38 AFP TAIPEI A construction site at Taiwan's East-West Expressway cared in yesterday. Fire vehicles, including a taxi, plunged into the 4,900 sq m large pit with a depth of 30 metres. The taxi driver was slightly injured. Police sealed off the entire area as
        AFP  -  69 words
      • 305 38 Reuter LONDON British Airways could soon be dancing to a new tune in the pairings for global airline networks now that strategic partner USAir is a possible takeover play for United Airlines and American Airlines, say analysts. Shares in BA shot
        Reuter  -  305 words
      • 268 38 UPI DETROIT Three major car makers in the US have reported weak sales in September, as problems with afTordability and availability marred the start of the 1996 model year. Chrysler Corp posted a 7 per cent decline in car and light truck sales
        UPI  -  268 words
      • 214 38 AFP DUBAI, United Arab Emirates The Gulf emirate of Dubai, dubbed the Hongkong of the Middle East, on Tuesday reported a surge in cargo this year, indicating a business upturn in the oil-rich region. Dubai's Cargo Village, the laigest facility of its kind
        AFP  -  214 words
      • 132 38 AFP SYDNEY Australia's international airline Ansett Australia Ltd announced yesterday a code-sharing arrangement with Taiwanese airline EVA Airways Corp that will see an immediate low-cosf expansion of its soon-to-be-launched services on the Sydney-Taipei route. The deal, which allows Ansett and EVA to take
        AFP  -  132 words
      • 184 38 Reuter BEIJING China has begun initial feasibility studies for a 60 billion yuan (SS 10.2 billion) project to build tunnels and bridges across 170 km of the northern Bohai Sea, the China Daily said yesterday. The aim of the project is to build two
        Reuter  -  184 words
      • 309 38 Reuter SEATTLE Investors may be nervous about a possible strike by Boeing Co's biggest union, but a relatively short work stoppage could actually benefit the aerospace giant, industry analysts said. Machinist union leaders said they are recommending the 34,000 Boeing workers they represent
        Reuter  -  309 words
      • 80 38 Reuter LONDON British Airways Pic is expanding its Indian service by adding two more flights a week to take the total weekly number to 16. The airline said it would operate a daily flight from London's Heathrow airport to Bombay from next spring and would
        Reuter  -  80 words
      • 101 38 Reuter SEOUL Daewoo Heavy Industries Ltd, a unit of South Korea's Daewoo Group, is close to a US$6OO million (SsBsB million) contract with the Argentine government to make 400 train care for use in Buenos Aires, a local business paper said. The Korea Economic Daily,
        Reuter  -  101 words
      • 84 38 Bloomberg Business News HONGKONG China National Aviation Corp (CNAC) may object to a plan to list Dragonair, the Chinese-language Hongkong Economic Journal reported. Citing unnamed sources, the paper said China National Aviation, in negotiating to buy a 10 per cent stake in privately held Dragonair, voiced
        Bloomberg Business News  -  84 words
      • 124 38 Bloomberg Business News PARIS Air France is expected to present plans today for a new European carrier within the state-owned airline group, the Financial Times said in its Tokyo edition. The move is in response to the liberalisation of European air travel in 1997.
        Bloomberg Business News  -  124 words
      • 61 38 AFX-Asia TOKYO All Nippon Airways Co Ltd s4irf*t i^seQ^fcaHMoval from the Ministry of Transportation for rto^caiflo Tokyo to Shanghai scheduled at the end of this the flights will not be on a regular basis. It,said tyoV4^ttlaiy<\Hft be leased to the company by Nippon Cargo Amines
        AFX-Asia  -  61 words
      • 117 38 AFP JAKARTA A charter Casa-212 aircraft crashed in southern Aceh, killing the co-pilot and injuring 13 other people, the Metjiq Indonesia daily said here yesterday. The aircraft,' openUed by the domestic carrier Merpati Nusantara Airlines, was carrying 12 passengers and a crew of two
        AFP  -  117 words
      • 1353 38 AIRCRAFT ARRIVALS DEPARTURES at, nytf cm n+t n» ■iMI GA985 1215 5Q441 1505 MMil QF081 1930 QF082 3055 SQ228 3088 Mrti SQ025 0650 KLB38 2335 GA975 1335 SQ026 2355 WLB37 iaao MM SQ347 0655 MM SQ286 2040 SQ288 2045 't MH 8«mm BM21 1105 SQ182 0915 SQ181 1410 8M22 1210
        1,353 words
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    • 196 26 LMVI «no MfrlCtf rvprtSMlM Djf Membon of (tic RcaMry of AccrodHod (Jigll Shipping Agonto, Singapore NatioMJ vagSmJ) Shipping amocMIOII. >MJW/ for atorttt* eoguirte, contact Shfc*« Tfcnes. t> W 7«-2«9 ;-:PORT SHOTS" The latest in sea.'ate-r, 1 =!i and land transportatierv. *w a Shipping Times Monday to Friday -3^ i JfiSMHIHHb
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  • Page 27 Advertisements
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    • 1323 27 OHANJIN SHIPPING !5! mmm m Imlm I 01 I w I I— I o" I m [mm m IMIM II>II< !2£i—ww |«/r M/i) I M/ii I M/»I M/») I tyii I lyn aa/ii |tt/n M/II M/D H/II I w/ii g/ii «y/ii «/ii M/II m—i—dm tm m/m_ mkf |w/ii I n/n
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    • 962 28 I NORASIAI WML vor «N ALOLAS ML VALHAM MMROT ANT ML -UM I A.MOTNUM MWNWNMMm»IIW«fIIIV«iVIIMI I ■■MM MM tvn IVM an Ml wn Ml «K1 W1 n/n r/ii I MMMMNM.TA Ml 4 1W Ml W1 tVII W1 IMI t«1 W1 flfll Bfl MM I MMMHL MM a/10 14/11 tVtl ia/11
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    • 461 28 JAPAN/HONOKOMQ/STBAfTS MOUUR SBNfVMjg j LOADING FOR POUT KLAMG/PENANO j wwa |mi mm p.ouram |n» fIB VmAvimim M M WO \u I ■PT I t7OCT TAHAMCMIh I «7OCT MPT MOCT mmrm It Imoct I moct "wocT aWf* moMtMni it Itioct I w« M 11 OCT MOCT wf 11 jufCTlifffiZjjgLlZS oorotwaM lmoct
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  • Page 29 Advertisements
    • 859 29 j JVVSTRAITS SHIPPING PTE LTD |M mam II Nm CkiM« toad #11-01 Ksppol Taw«ra J Mm lli|i>»i> IMt Trt: *****8t Nac 228i117 r tIMITVNOH VMIIE HmOHM MOM «M PN nr. CMWMJIM MM O.Sn«■ MM PM ROM w»— STMUTSSIM NME Mot.LM.KX 14-11 M 11 Oct DOM fMWVg SPM J straits venture
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    • 1624 29 Ittfr P&O Containers (Singapore Amende.) Pte Ltd First Class Connections WORLDWIDE TdTS223?*^M^7i^csp?Fi^S s3r7S2 7517 C R Number. *****9 *****/ *25* vonr 'MM >PU UN m «r wt ham oot bme lch LEOA mom agin 02/10 OVIO 08/10 win 2VIO 27/10 JPS* OOT ROT HAM Ml MU UN MA JBD *SM
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    • 254 29 ■■oi— mm am 8888 ~hm~~bjst~axr I I I rcg law rm lu/tt la*-f?/nI tun I wt I it/ti —I MM HM Ml 4027 fl |2MO |mWO 127H0 |M 0 OZ/M OVM |WM I »MN| IVM IWMI MM I WtWMJWI Iftil IHLHI iHH lr/11 IIWI I Wtl Hfflf ltt-17/tIIWM I Wi
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    • 534 30 *lj iWMM i ■wmE wt m mmmi am mm Juw own mhw mm nm ww ww mm nm m uNCWMN MMT7W IVW Wil WW MM mm nm £2! ■**wu» mmmm mm mm tvn wn Sn UN CONCERT «7MWW WW Hfll Mfll Wll gft luLmnu «ff-am urtdm |?jr"« ss s i™
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    • 452 30 TIL- *****33 (12 UNO) B FAX: *****10/*****03 D IUX: RS ***** RHHP (3 Lhm| •-S l=/ CR NOc **********06 1 n=n j I 41WB aw to"*"* o NaMmt 40*8 07/12 J FULLY COWAINEMSED REGULAR LINER SERVICE 1 ACCEPTING BOTHPCL/LCL ALSO BCMSOC w—i <Nr I p.tMn |pfi jm [CTWMH mm—act can
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  • Page 31 Advertisements
    • 1715 31 jlB iiSIBJ!I^^ *y ITT.ZZ! j COSTAR SHIPPING PTE LTD ru: (t**mj: mim c—tn—r: ttttuimu crnm*rm-M±mmm tMn*—- c—w—r «mtii 4 sesffls. srass«— ZZl&zr^™™ M iiMiilVflS nukCCM johom offict rn: ttutit f\, tnitu •1 M"N OI7MMMOO4MI COSTUMOCKS t«IIHMI J r«/. n-tutiMAti fn iT uuiTi nsmjwrm hp inx ml cm I£7 Q fSfn
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    • 478 31 jg FAMOUS CONTAINER UNES 80 nOBMSON ROAD, *22-02 SINGAPORE 0106 y HOT UNE: *****33 (30 UNES) WEEKLY SAILING TO ALL AUSTRALIAN PORTS FOR MORE KEN SIM IVERON ONG TEL 2 2 4 1 8 3 3 P KLANG PH: 0203/*****02 (10 UNES) PENANG PH: 0204/*****7 (10 UNES) J. BAHRII PH:
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    • 899 34 VgSagL JKT VESSEL VOY «IW PEN M MN BKK 0000 EASY* 168 Frl 08/10~ Tu* 10/10 QURU BHUfcl 8147 Thu lln PI St 07/1 o" Thu >n Pt Sun I 08/10 I g» SL SX S? I IZ Z\l Z \Z QEJABHUM*B7SN UX~ 07/10 "wid" TiTio" BMBft Mof» o*lo Thu
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    • 280 34 UUlHlKrlllfll nacmc Shipping r "1 HP 1 f 3f TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PKL LOADING FOR MARIA K SID SLO FIU/ROT/ANTAK TREASURE ISLAND MPT 11/11 14/10 FUIfIOT/ANTAJK STARSJN 23/11 21/11 SI/11 FlUftOT/ANTAff 'Lotli SiM/INtNtti C R NO. 1336M3MQ0H CONTIPAC SNIPPING PTE LTD mmim Prnxt 2—744* lUC
      280 words
    • 809 34 79 ANSON ROAD, *21-01, SINGAPORE 0207 CR g *****92Q000N STRAff tHUTTLg WRVICI portklano penanq W MM w vasa I HOT M phi KWSSA 006W 06/10 THU QfrIQFRI DRAGON NIAS 56N 04/10 WED 0&1QFRI EAGLtMOOW HHA 06/10 THU 07/10 SAT LHOTSE 5059 07/10 SAT no/in ur»i I*s°; «03i Ofino fri ob/iosun
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    • 518 35 i\ BSA a. M MYANMA \SBBk FIVE STAR UNE (My*w MeHwd Ihe) Sr Udh| for Ym|m (B—§<>■) vosa vor sm no m m mm m ao 5* PABAN aSW MPT OMAYSU MM MMi SMPPM MNB Mi M W-M-******* HL TH W-OJ-J*****1 T HK IE 11-*4-MlJ4*i POfc IB 91-*****1321/4 ig| BANK
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    • 674 35 ADVANCE CONTAINER LINES (PTE) LTD I A 140 Oacfl Msat, #12-00, PIL MkOna ttngaoora 0100 l! *****21, FAX: *****10,THJEX RB2OMO ACLPL I i C« NO. IHOQ in in I (I I I ImS I tm I ll(g M j*H tfiw WW h» 11/10 mt ~i/» hm I zZTT? IISM SS
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    • 99 36 Wp Dhaft-Cargowats If 3 (Si PTE LTD V, .'w'u-. CALLs IMfOf (U LINES) MARKETING: NVOCC CONSOLIDATION SERVICES GEMARTRAHS -Wmm m> 9m Wa— SS> 2S. MS 9S. its. m/m wywtfjuvy ttHHHH HSfisffil 1 1 wg "r T mw gfc lw Hfr. RV— I FNMIHKtZU IKV9S IS/1# lt/l» I W55My LCL —Kto«
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    • 359 36 |L I iif MFL SHIPPING (INT!) 4SSf PIE LTD. U*' SUBSIDIARY Of HAI SUN HUP GROUP FCL/LCL CONSOLIDATION SERVICES 'TO* HOT LINES; *****42/345 ACCgT,WCA *«»TOIWWfm«POtn/ STHET/lUOMBI «a POTO okks-®om« sonna TO MEXICO AND CAJUOA «s® VOY. CU (SIN) wotu oms it/16 COMCOtm VOO4S 11/10 '3 [vessel voT I lYlltA BHOM
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    • 102 37 JRHKAPAL KRIS SUppiMPto Ltd 701DUXTON IOAD, 7fc«n)«9529 IMi 1******74 Fox: *****77 am. io73)»sooooe TO MtUNB WIrIMBOTW iKUCHMOI 1 IWUi Vfssa VOY FID STOW VISSII VOY EIMH DBS MAMMA f5ll 14.10.1995 KHSMBUOI 9557 13.10.1995 IUNGAfBUGA 9541 1******5 OfiMBHM 9SSf 22.10.199S NNGA >WMI6 >541 17.10.1WS mm. voy nosroH vissa vor mspook MMGAOAHUA
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    • 77 37 NIPPON EXPRESS (WofWwido Consolidation Syslom) FIXED WEEKLY DEPARTURE ARRIVAL TO: Arrow U.SJL ißynvni- ehomni( ■HtfTPKIH EVHTT MOMMY rauiMHACM EVHT THMKMY Ftt QtCAGO EVBflf TUESDAY Arrow Europe (17 DATS TRANSIT ONLY) ■fliniSi ETB STOCK ■WttiyM EVBTT SAJWftAY EU Fan STOW! EVOPf HSSMY IBBffißflW eto store WHY THURSDAY EUROTTBOAM WHY SWMY Also
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  • Page 37 Miscellaneous
    • 110 37 REQIOWAL WEATHER jML. *i i. LEGEND: R Thundoratocm Temperoture »q V Showar Weothw -V Wind (traction with sp««d in knots Rain U Cloudy Sky Wov h^flht Sarfaca ara MciM by wnmn «Md> fly «Mk riw «M (i) Onah* arete r«pra*ants cafcn or tght and variable wind* i_» On. half flacha
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  • Page 38 Advertisements
    • 43 38 Stretch the life of your HALON Systems We recycle and raHHalon HydroteetyourcyinderatDßSandDOTstandaide Complete Solution to Maintaining your existing Halon Systems W.H. BRENNAN CO PTE LTD Certified to 180 9008 Standard p For enquiries call 542 9722 or Fax 542 Aek for Karen Tan
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