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BUSINESS TIMES, 11 August 1994

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Article also available on Microfilm Reel NL19569


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Business Times MITA(P) 010/12/93 Thursday August 11 1994 WE KNOW ASIA 75 c

2am LATEST

Dow up 16.51 points [ARTICLE]

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Dow up 16.51 points Reuter NEW YORK Wall Street stocks were higher at midday yesterday. Federal Reserve chairman Alan Greenspan's testimony before a House government operations subcommittee had little efTcct on stocks or bonds. The Dow Jones Industrial Average was up 16.51 points at 3,772.27 at 2pm EDT. Rcuter

Fujitsu buys telecom interactive software [ARTICLE]

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Fujitsu buys telecom interactive software Bloomberg Business News SAN JOSE Fujitsu Ltd said yesterday it bought worldwide rights to telecommunicationsbased interactive entertainment software from director George Lucas' company, Lucas Arts Entertainment Co.

MARKET SUMMARY [ARTICLE]

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MARKET SUMMARY Stock market indices Wednesday Change STII 2,276.50 +8.85 KLSEComp 1.092.80 +19.21 Nikkei 20.770.25 +180.03 Hang Seng 9.618.08 +171.65 SET Index 1.407.32 +0.99 Jakarta Comp 471.69 +1.77 CLSA China B ...1.139.08 16.20 Aust All Ord 2.076.5 -10.3 FTSE 100 3.167.0 -1.6 Wednesday Pre*ions 2pm close Dow Jones 3.772.27 3,755.76

Vital for dollar to be strong and viable: Greenspan [ARTICLE + ILLUSTRATION]

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Vital for dollar to be strong and viable: Greenspan Fed's primary goal is to ensure currency's stability Bloomberg Business News Reuter WASHINGTON Federal Reserve chairman Alan Greenspan said it is critical that the dollar remains "strong and viable" given its position as the reserve currency in the world. "It's crucially

Manufacturing, construction drive S'pore's 9.3pc 2Q growth [ARTICLE]

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Manufacturing, construction drive S'pore's 9.3pc 2Q growth By Genevieve Cua SINGAPORE An exceptionally strong showing by the manufacturing and construction sectors propelled the Singapore economy to expand 9.3 per cent in the second quarter. Growth would have been even stronger but for a sharp slowdown in the finance sector. The

Singapore Telecom in joint project to launch satellite, says Taiwan [ARTICLE]

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Singapore Telecom in joint project to launch satellite, says Taiwan AFP TAIPEI Taiwan yesterday approved a NTSS.4 billion (Ss3o7 million) joint investment project with Singapore to launch a communications satellite, government officials said. "The Directorate General of Telecommunications (DGT) will cooperate with Singapore Telecom in launching the satellite, with both

Gaza to become S'pore of Middle East: Arafat [ARTICLE]

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Gaza to become S'pore of Middle East: Arafat AFP, Reuter GAZA CITY, Gaza Strip Gaza will become the Singapore of the Middle East despite its slow start, Yasser Arafat, chairman of the Palestine Liberation Organisation, said yesterday. Speaking at the opening of a Palestinian trade fair in Gaza City, Mr

Regional markets end firmer [ARTICLE + ILLUSTRATION]

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Regional markets end firmer By R Sivanithy SINGAPORE Regional stocks closed stronger yesterday, as investors temporarily put aside worries over higher US interest rates. In Singapore, interest was almost exclusively focused on Malaysian issues traded on Clob International. Early trading in local counters was subdued, and dealers said the higher

GIC plans Bombay office to tap Indian stock market [ARTICLE]

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GIC plans Bombay office to tap Indian stock market By S N Vasuki SINGAPORE The Government of Singapore Investment Corp (GIC) plans to open an office in Bombay next year to tap opportunities in India's booming stock market. Sources in Bombay, the country's business capital, told Business Times that the

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Innovation: Pg 10 Software with a sharp eye How the sectors performed Business expectations Full reports, Pg 2

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Hock Lock Siew: Sembawang's new

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2 QTR 94 ECONOMIC SURVEY OF SINGAPORE

Financial, business services sector growth slows to 6.1pc [ARTICLE + ILLUSTRATION]

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Financial, business services sector growth slows to 6.1pc By Shiv Taneja THE financial and business services sector grew by 6.1 per cent in the second quarter, the slowest rate since the second quarter of 1992. Analysts have consequently revised the growth rate for the year to between 8 and 10

Manufacturing fuels S'pore growth with 13.8pc surge [ARTICLE + ILLUSTRATION]

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Manufacturing fuels S'pore growth with 13.8pc surge By Claire Leow NINE of the top 10 industries in the manufacturing sector posted positive growth, led by electronics with a 28.3 per cent gain. The sector as a whole grew by 13.8 per cent, and was the key force behind the country's

One in three commerce, services firms upbeat on prospects: polls [ARTICLE + ILLUSTRATION]

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One in three commerce, services firms upbeat on prospects: polls INDUSTRIALISTS and firms in the commerce and services sectors are optimistic about business prospects for the next six months, according to two surveys on business expectations released yesterday. A survey of 361 firms by the Economic Development Board showed that

Building industry up a healthy 13pc [ARTICLE]

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Building industry up a healthy 13pc By Abdul Hadhi THE construction industry continued to show healthy growth in the second quarter. It grew by 13 per cent, up from 11 per cent in the previous quarter and 8 per cent for the whole of 1993. Contracts awarded during the second

IN BRIEF

Balance of payment surplus down [ARTICLE]

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Balance of payment surplus down SINGAPORE'S overall balance of payment surplus fell to $1.2 billion, from $1.8 billion in the first quarter. The decline was due partly to a reduction in net monetary capital inflows.

S$ at historic high against US$ [ARTICLE]

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S$ at historic high against US$ THE Singapore dollar rose against the US dollar and the regional currencies during the second quarter, but fell against the Japanese yen and most European currencies. Reflecting the further weakness of the greenback, the Singapore currency appreciated by another 3 per cent against the

More job-seekers in June [ARTICLE + ILLUSTRATION]

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More job-seekers in June THE unemployment rate in June 1994 was 2.6 per cent, against 1.6 per cent in March and 2.7 per cent one year earlier. The June unemployment rate is usually higher because of larger number of job-seekers, such as graduates from tertiary institutions or students seeking part-time

Interest rates climbing [ARTICLE]

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Interest rates climbing DOMESTIC interest rates saw a sustained uptrend in the second quarter. The three-month domestic interbank rate rose to 3.88 per cent at the end of June, up from 3.47 per cent at end-March. As this was smaller than the increase in US interest rates, the three-month Sibor-domestic

Demand for goods, services up [ARTICLE]

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Demand for goods, services up TOTAL DEMAND for goods and services grew 19 per cent, higher than the 12 per cent growth a quarter ago. External demand grew 27 per cent while domestic demand increased by a mere 0.3 per cent.

Domestic supply price index falls [ARTICLE]

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Domestic supply price index falls THE domestic supply price index, which measures the change in prices of imported and locally manufactured goods retained for use in the economy, fell by 3.5 per cent (year-on-year). The decline was due to lower prices of crude oil, diesel fuel, fuel oil, premium motor

..import price index too [ARTICLE]

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..import price index too THE import price index recorded a year-on-year fall of 2.5 per cent because of lower import prices of crude oil, fuel oil, other chemical products, and parts of data-processing machines. The Export Price Index also registered a similar downward trend, falling by 5.2 per cent for

Weak retail sales drag commerce figures down to 8.3pc [ARTICLE]

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Weak retail sales drag commerce figures down to 8.3pc By Corinne Kerk GROWTH in the commerce sector slowed to 8.3 per cent, down from 9.9 per cent in the first quarter. Expansion came mainly from the entrepot trade subsector which registered 44 per cent growth, up marginally from 13 per

SINGAPORE NEWS

Nearly all Devon staff have to make own compensation claims [ARTICLE]

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Nearly all Devon staff have to make own compensation claims By Quak Hiang Whai ABOUT 100 people who lost their jobs at palm oil trader Devon group will have to make compensation claims ofT their own back. According to NTUC News, only nine of the 100 or so workers from

India's seafood industry set to net more S'pore business [ARTICLE]

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India's seafood industry set to net more S'pore business INDIA'S booming seafood industry is attracting plenty of Singapore dollars, through increased cooperation in marketing, technology and trade. And more business is are likely, after the signing yesterday of a Memorandum of Understanding between the Seafood Industries Association Singapore (SIAS) and

Hotel operator seeks partner for its Malaysian chain [ARTICLE + ILLUSTRATION]

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Hotel operator seeks partner for its Malaysian chain By A J Leow A-HOUSE Boutique Hotels, the local operator of the Inn of Sixth Happiness, has scaled down its plans to build and manage a chain of boutique hotels in the region. The operator is now looking for a partner to

Singapore to host major energy meeting in September [ARTICLE]

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Singapore to host major energy meeting in September SINGAPORE will host a major energy conference next month. The Asia Energy Efficiency Conference, on Sep 22 and 23, will examine such issues as energy efficiency, electricity supply and demand management, heat and power co-generation in industry, energy management for buildings and

Four charged with kidnapping businessman [ARTICLE]

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Four charged with kidnapping businessman The Straits Times FOUR men were charged in a district court yesterday with kidnapping an Indian businessman on Saturday night. Jacob Packiam, 35 and Sinnasamy L Marappan, 42, both Malaysians, together with Singaporeans Ramaya Ramasandram, 42, and Rajandran R Rengasamy, 31, were alleged to have

Corrections & clarifications [ARTICLE]

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Corrections clarifications IN a report on Tuesday, headlined "HDB resale transactions double in first half", we said that HDB rules prohibited residents from downgrading to smaller flats by buying directly from the Housing Board. This is incorrect. Lessees of HDB flats are allowed to purchase smaller flats from the Board.

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SOUTH-EAST ASIA

ASIA NOTES

Jakarta accepts US plan to delay GSP [ARTICLE]

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Jakarta accepts US plan to delay GSP Reuter JAKARTA Indonesia responded positively yesterday to a likely delay by the US in deciding whether to continue with a trade privilege extended to Jakarta. "If it is true, it is something positive for Indonesia," Manpower Minister Abdul Latief told reporters yesterday. Washington

Judgment on E Timor case reserved [ARTICLE]

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Judgment on E Timor case reserved AFP CANBERRA Australian High Court judges here yesterday reserved their decision in a case which a lawyer said could lead them to deliberate on the lawfulness of Indonesia's 1976 takeover of East Timor. The case is a constitutional challenge to the validity of the

PAL strike grounds passengers [ARTICLE + ILLUSTRATION]

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PAL strike grounds passengers AFP MANILA A near-empty check-in counter of Philippine Airlines (PAL) greeted passengers at Manila's domestic airport yesterday as PAL ground crew went on strike, causing flight delays in domestic and some international flights. Union members called the strike to protest PAL's refusal to reinstate 183 ground

Coconut oil bull run seen as short term [ARTICLE]

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Coconut oil bull run seen as short term Reuter MANILA A possible Indonesian ban on palm oil exports could boost coconut oil and product prices in the short term but rising supplies of copra would probably trim gains, dealers said yesterday. "It will inject a bullish note in the market.

Jakarta seeks to regulate private groups [ARTICLE]

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Jakarta seeks to regulate private groups Reuter JAKARTA Indonesia is looking at ways to regulate an estimated 40,0 CX) non-government organisations (NGOs), ranging from human rights to clean water campaigners, a move seen by some groups as a way to curb their activities. NGOs operating in Indonesia are supposed to

Indonesian central bank chief sees economy growing 7pc [ARTICLE + ILLUSTRATION]

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Indonesian central bank chief sees economy growing 7pc Reuter JAKARTA Indonesia's central bank governor has painted an optimistic picture of next year's economic outlook, forecasting growth rates of nearly 7 per cent and an influx of foreign investments. But Sudradjad Djiwandono, in a speech to the University of Indonesia made

Jakarta likely to speed up plans for MRT system [ARTICLE]

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Jakarta likely to speed up plans for MRT system From Moggie Ford in JAKARTA CONTINUED economic growth and an increase in car ownership are likely to speed up plans for a mass rapid transit system in Jakarta, with firms controlled by three of President Suharto's children in the race to

KL elections body needs 3 months to finalise voter registry [ARTICLE]

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KL elections body needs 3 months to finalise voter registry Knight-Ridder SINGAPORE Malaysia's Election Commission forecast on Tuesday it would need three months to make final its new voter registry, now that the last registration drive has ended, The Star reported. That last drive was completed late last month. So,

Bangkok rail construction caught in environmental test snag [ARTICLE]

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Bangkok rail construction caught in environmental test snag From Loh Hui Yin in BANGKOK A QUESTION mark was again raised over the construction of a 35 billion baht (SS2.I billion) mass rapid transit system here, despite hard-won approval in principle from the government. The latest uncertainty arose following the Thai

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CHINA/HONGKONG /TAIWAN

Clinton likely to raise Taiwan's political standing soon [ARTICLE]

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Clinton likely to raise Taiwan's political standing soon NYT WASHINGTON US President Bill Ginton is expected to approve a policy change in the next few weeks and raise the political standing of Taiwan, a step that is likely to anger Beijing. Administration officials said that the policy review is on

China plans giant minerals survey to meet rising shortages [ARTICLE]

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China plans giant minerals survey to meet rising shortages Reuter BEIJING China plans a giant survey to try and find more oil, gas, copper and other key minerals to help meet increasing shortages, the official Xinhua news agency said yesterday. It quoted the Ministry of Geology and Mineral Resources as

Taiwan banks allowed to deal with Chinese counterparts [ARTICLE]

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Taiwan banks allowed to deal with Chinese counterparts AFP TAIPEI Taiwan has allowed 26 overseas branches of four state-run banks here to deal with their Chinese counterparts in the latest financial liberalisation across the Taiwan Strait, officials said yesterday. The finance ministry on Tuesday gave the green light for the

Beijing-bound ivory seized [ARTICLE + ILLUSTRATION]

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Beijing-bound ivory seized AFP BRUSSELS A customs officer showing reporters a piece of ivory which was confiscated at Brussels* airport on Tuesday. The piece was part of about 102 kg of ivory seized while it was being shipped illegally from Zaire enroute to Beijing. The ivory had been cut up

Giordano share price falls a further 2 HK cents, but volume higher [ARTICLE]

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Giordano share price falls a further 2 HK cents, but volume higher From Lim Soon Neo in HONGKONG GIORDANO Holdings, at the centre of speculation that it is on Beijing's hit list after its chairman angered the Chinese by publicly criticising Premier Li Peng, saw its share price fall by

US unveils Taiwan imports ban [ARTICLE]

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US unveils Taiwan imports ban Reuter WASHINGTON The White House on Tuesday unveiled a lis! of imports from Taiwan it will bar in response to that nation's continued trade in products made from endangered tigers and rhinoceroses. The ban, which takes effect on Aug 19, includes imports of products made

China's head of panel on HK to retire [ARTICLE]

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China's head of panel on HK to retire Knight-Ridder HONGKONG Guo Fengmin, head of the Chinese side of the Sino-British Joint Liaison Group, will retire at the end of next month, the English-language daily Eastern Express reported yesterday. The Sino-British Joint Liaison Group is the chief ChinaUK panel for negotiating

Taiwan to ease radio licence curbs [ARTICLE]

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Taiwan to ease radio licence curbs AP TAIPEI Taiwan's government promised the island's embattled pirate radio broadcasters yesterday that it would make it cheaper for them to go on the air legally. The high capital and equipment requirements for private radio stations have led to the proliferation of pirate stations,

China joins world trademark group [ARTICLE]

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China joins world trademark group Bloomberg Business News BEUING Keen to dean up its poor image on defending intellectual property, China has become a formal member of the Nice Agreement, an international trademark protection group, the official China Daily reported yesterday. The paper said China's membership will bring the country's

Taiwan to sell stake in state-run firms [ARTICLE]

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Taiwan to sell stake in state-run firms AP TAIPEI The government plans to sell NTS26.S billion (S$l.S billion) worth of its ownership in six state-run companies, officials said yesterday. The plan, subject to Cabinet approval, is aimed at easing the government's growing financial strain, the Council for Economic Planning and

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REST OF ASIA

ASIA NOTES

US to slap duties on 3 Korean makes [ARTICLE]

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US to slap duties on 3 Korean makes Reuter WASHINGTON The Commerce Department gave final notice that it will collect anti-dumping duties of 16.57 per cent on imports of colour TVs and parts made by three South Korean companies. The department said the firms Quantronics Manufacturing Korea Ltd, Tongkook General

Preferential tariff treatment stays: Miti [ARTICLE]

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Preferential tariff treatment stays: Miti Reuter TOKYO Japan's Ministry of International Trade and Industry has no specific plan to abolish preferential tariff treatment for industrial products made in some countries. A Miti official denied a report in the Nihon Keizai Shimbun daily that Miti had decided to abolish such treatment

Feminist writer leaves Bangladesh [ARTICLE]

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Feminist writer leaves Bangladesh AFP DHAKA Controversial feminist writer Taslima Nasreen, whose execution has been demanded by Muslim fundamentalists, has left Bangladesh and is on her way to a European country. Newspaper reports and diplomatic sources here said yesterday Ms Nasreen was believed to have left Bangladesh early-Tuesday on a

Indian ex-president's memoirs raise storm [ARTICLE]

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Indian ex-president's memoirs raise storm AFP NEW DELHI When he was Indian president for five tumultuous years, Ramaswamy Venkataraman won credit for keeping the nation's highest office strictly above politics. Two years into retirement, the silver-haired octogenarian has sparked a storm by publishing his memoirs, resurrecting political ghosts and sparking

By-election loss will mean financial market chaos: Bolger [ARTICLE]

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By-election loss will mean financial market chaos: Bolger Reuter WELLINGTON New Zealand Prime Minister Jim Bolger yesterday said his party was trailing in the battle for a parliamentary seat which it must win to keep its majority. Mr Bolger said that an opinion poll in the South Island seat of

Australian farmers fight losing battle with drought [ARTICLE + ILLUSTRATION]

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Australian farmers fight losing battle with drought Reuter BRISBANE Australian farmers, battling to survive possibly the worst drought on record, say their plight is not being taken seriously even though it could slow the na- t ion's economic growth. City slickers still picture working on the land as the good

Aussie investment bank in China JV to finance resources projects [ARTICLE]

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Aussie investment bank in China JV to finance resources projects From Florence Chong in SYDNEY AUSTRALIA'S most profitable investment bank, Macquarie Bank, has formed a joint venture company with Beijing-based China National Non-Ferrous Metals Industry Corporation (CNNC). The 50-50 venture, Asia Resource Capital Ltd, is incorporated in Australia with the

All 160 aboard KAL Airbus survive crash, fireball [ARTICLE]

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All 160 aboard KAL Airbus survive crash, fireball AFP SEOUL A Korean Airlines (KAL) Airbus A-300 crashed and exploded into flames while landing at the resort island of Cheju yesterday but air 160 aboard miraculously escaped without serious injury. Dazed but grateful passengers praised the heroism of the cabin crew

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THE WORLD

US consumer prices to rise just 2.7pc, say forecasters [ARTICLE]

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US consumer prices to rise just 2.7pc, say forecasters AP WASHINGTON Many top economic forecasters believe US consumer prices will rise just 2.7 per cent this year, the same as last year and well below the level they fear would signal rapid acceleration. The consensus forecast of the 50 economists

Kohl govt deplores mild court ruling on German neo-Nazi [ARTICLE]

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Kohl govt deplores mild court ruling on German neo-Nazi Reuter BONN Chancellor Helmut Kohl's government yesterday criticised a German court for praising a far-right leader's character after it had given him a mild sentence for denying the Nazi Holocaust took place. Mr Kohl's spokesman Norbert Schaefer said the Mannheim regional

German industrial body against Bonn plan for EU cartel office [ARTICLE]

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German industrial body against Bonn plan for EU cartel office Bloomberg Business News BONN Germany's leading industry group said it opposes its government's proposals for a European Union cartel office with less power than the current EU competition authorities. The group, the Bundesverband der Deutschen Industrie, is the first major

MMM shareholders vote to set up party [ARTICLE + ILLUSTRATION]

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MMM shareholders vote to set up party AFP MOSCOW With a show of raised hands, MMM shareholders voted in snpport of organising their own party in a struggle for their rights on Tuesday, outside the office of the beleagued company. The events around the MMM crisis are developing more and

Russia nyet to China fighter jet sales [ARTICLE]

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Russia nyet to China fighter jet sales AP MOSCOW Russia is not willing to sell its top-of-the-line SU-35 fighter-bomber jets to neighbouring China, a top official said yesterday. Russia sells military hardware to China, and recently delivered to Beijing a number of Su-275, an earlier generation of fighters. But China

US Ex-Im Bank in expansion mode [ARTICLE]

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US Ex-Im Bank in expansion mode AP WASHINGTON The US government's Export-Import Bank is expanding its support for US sales to 11 countries of the former Communist nations, the bank announced on Tuesday. The 11 were among 40 countries where the bank has said it will be placing a wide

Blair is the best man for PM: poll [ARTICLE]

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Blair is the best man for PM: poll Reuter LONDON Labour's Tony Blair is the toughest, friendliest, brainiest and most attractive leader of a main British political party and the best man for prime minister, an opinion poll said on Tuesday. In the survey for yesterday's Guardian newspaper the opposition

Kuwait allows foreign stakes in banks, insurance firms [ARTICLE]

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Kuwait allows foreign stakes in banks, insurance firms Reuter KUWAIT Kuwait opened banks and insurance companies to minority foreign ownership for the first time to try to improve'financial sector management and competitiveness. Law number 51 of 1994 sets a limit of 40 per cent on the amount a foreigner can

Reno calls for independent counsel to investigate Espy [ARTICLE]

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Reno calls for independent counsel to investigate Espy NYT WASHINGTON Attorney General Janet Reno has asked a panel of federal appeals court judges to appoint an independent counsel to investigate whether Agriculture Secretary Mike Espy illegally accepted travel, lodging, entertainment and other gifts from the country's largest poultry producer. In

Waiting for green light [ARTICLE + ILLUSTRATION]

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Waiting for green light AFP LONDON This may be the look of the proposed new-style UK driving licence. The licence, which will bear the driver's photograph, drew protests from civil rights activists who said it doubled as a national identity card. The card shown here by the Department of Transport

Big Brother surveillance stirs up civil rights debate in France [ARTICLE]

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Big Brother surveillance stirs up civil rights debate in France Reuter PARIS France claims to be the motherland of liberty, but a spate of recent criminal cases has sparked debate over the extent of "Big Brother" surveillance. Should a judge be able to order the tapping of a Member of

Hillary says personal attacks anti-productive to presidency [ARTICLE + ILLUSTRATION]

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Hillary says personal attacks anti-productive to presidency First Lady hits out over spate of 'vicious hatred' AP WASHINGTON All may be fair in politics but First Lady Hillary Rodham Clinton on Tuesday said she was worried that the recent spate of "vicious hatred" directed at the President and her is

Canada keeps currency, interest rates stable despite market swings [ARTICLE]

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Canada keeps currency, interest rates stable despite market swings Reuter OTTAWA Gordon Thiessen, Canada's central bank governor of six months, has managed to walk a fine line between keeping interest rates under control and keeping the currency stable at a time when the country's financial markets are volatile. The spectre

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SPORTS

Predicting the unpredictable [ARTICLE + ILLUSTRATION]

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Predicting the unpredictable PGA Championship Preview NYT TULSA, Oklahoma It's a risky business trying to pick a winner from a field of 151 players in a golf tournament, a task made chancier still when the tournament is the PGA Championship. The PGA, the year's final major, which begins today at

Dream Team II whips Australia in round robin game [ARTICLE]

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Dream Team II whips Australia in round robin game AFP TORONTO Dream Team II added insults to embarrassment on the way to their most lopsided victory yet at the World Basketball Championships. Reggie Miller scored 31 points and the US team of National Basketball Association stars rolled over Australia 130-74

China surprises with small wonder [ARTICLE + ILLUSTRATION]

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China surprises with small wonder World Basketball Championships Reuter TORONTO He is listed on his team's roster as Adiljan, just Adiljan. To fans at the 12th World Basketball Championship he is the main man of the surprise Chinese team. By qualifying for the quar-ter-final round, 2-2, China has ensured itself

Palmer's last attempt at sole elusive title [ARTICLE + ILLUSTRATION]

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Palmer's last attempt at sole elusive title Reuter TULSA Arnold Palmer says goodbye to a big part of his life this week when he plays in his 37th and final PGA Championship the only major title he has so far failed to win in his distinguished career. The 64-year-old Palmer,

Norman: Golf sweep by foreigners will do Americans world of good [ARTICLE]

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Norman: Golf sweep by foreigners will do Americans world of good AP TULSA, Oklahoma A nonAmerican sweep of golfs major championships "would be good for golf," Greg Norman said. An unprecedented sweep is more than a possibility going into the PGA championship, the last of the year's Big Four events

SPORT SHORTS

Athletics [ARTICLE + ILLUSTRATION]

Page 9

Athletics Upi AFP HELSINKI Fermin Cacho got his tactics right on the night again on Tuesday to add the European 1,500 meters title to the Olympic crown he won amidst such emotional scenes in Barcelona two years ago. The Spaniard made his move with 250 metres to go. sweeping past

Baseball [ARTICLE + ILLUSTRATION]

Page 9

Baseball NEW YORK Major Leagae Tuesday National: Chicago 2 SF 3; Cincinnati 5 LA 3; Florida 5 St Louis 3, Houston 3 San Diego 4/ Pittsburgh 3 Montreal 4; Philadelphia 5 NY 1. Colorado 4 Atlanta 7. American: Detroit 10 Milwaukee 4/ Texas 5 Seattle 8. NY 5 Baltimore 6.

Basketball [ARTICLE + ILLUSTRATION]

Page 9

Basketball AFP TORONTO World Championships quarter-final round gases Tuesday Group h Russia 101 Puerto Rico 85; US 130 Australia 74. Standings (GP W L Pis* 1 US 1 1 0 2 2 Russia 1 1 0 2 3 Australia 10 10 4 Puerto Rico 10 10. Consolation round: Spain 94

Golf [ARTICLE + ILLUSTRATION]

Page 9

Golf AP PHOENIX The family of Heather Farr, the LPGA golfer who died of cancer last year, filed suit on Tuesday against a golf club manufacturer, seeking to reclaim hundreds of thousands of dojlars in medical expenses. The suit was filed in federal court against Karsten Manufacturing Corp. maker of

INNOVATION & TECHNOLOGY

Software with a sharp eye for picking out faces [ARTICLE + ILLUSTRATION]

Page 10

Software with a sharp eye for picking out faces The Institute of Systems Science has the technology to age a person's photo. David Mok reports David Mok THE latest version of a computer-based face recognition system developed by Singapore's Institute of Systems Science (ISS) can recognise a face that has

IN TAKES

3-D effect without special glasses [ARTICLE]

Page 10

3-D effect without special glasses TOKYO Sanyo Electric Co, NHK. Engineering Services and Toppan Printing Co have jointly developed an autostereoscopic three-dimensional display that they say is the world's first of its kind. The system, to be released in November, allows viewers to see high-quality 3-D images on large screens

Imaging for baby's breathing problems [ARTICLE]

Page 10

Imaging for baby's breathing problems UPI SAN FRANCISCO An imaging technique could significantly cut the cost, time and trauma of diagnosing a baby's breathing problems, scientists reported on Monday at an annual medical conference. Magnetic resonance imaging could reduce the expense of diagnosing a congenital malformation that causes breathing disorders

Understanding cows [ARTICLE]

Page 10

Understanding cows UPI WEST LAFAYETTE, Indiana A Purdue University professor says his study of bovine body language, in particular the use of tails in cow communication, has brought farmers and scientists a step closer to unlocking secrets of livestock cognition. Tail position tells a lot about a cow and provides

New drug against malaria [ARTICLE]

Page 10

New drug against malaria Reuter NEW DELHI Indian scientists say they have developed a drug to combat the life-threatening tropical disease malaria, the Press Trust of India (PTI) said recently. The candidate drug, developed at the Indian Institute of Science in the southern Indian city of Bangalore, has been successfully

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Page 10

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THE LAW PAGE

Don't leave for the lawyer's office without it [ARTICLE + ILLUSTRATION]

Page 11

Don't leave for the lawyer's office without it Jan Hoffman looks at the Lawcard, a kind of credit card that can be used in the US to pay for legal fees Jan Hoffman NYT A LAWYER'S reluctance to turn bill collector is matched only by some clients' reluctance to pay

US businesses look to ADR for quick, efficient resolution [ARTICLE]

Page 11

US businesses look to ADR for quick, efficient resolution UPI MANY US business executives are becoming interested in alr ternative dispute resolution as a way to resolve legal disputes outside the court system. Businesses are attracted to alternative dispute resolution, commonly known as "ADR", due to their frustration with the

Helen Yeo & Partners sign China agreements [ARTICLE]

Page 11

Helen Yeo Partners sign China agreements BAR ■AT THE -s=* By Conrad Raj ALMOST every major Singapore law firm now has a China practice, an indication of the strengthening economic and business ties between the two countries. However, no one appears to be as aggressive as the relatively young firm

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Page 11

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Page 12

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LIFESTYLE

Terracotta warriors go West [ARTICLE + ILLUSTRATION]

Page 13

Terracotta warriors go West The treasures will be the most ambitious exhibit ever mounted in the US, reports Ros Davidson Ros Davidson Reuter More than 2,000 years ago, Xi'an in what is now China was the capital of the world's first and largest empire and the richest city on earth.

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Page 13

A toast to Sunday. Now when you brunch at Capers you'll find more than sumptuous Asian and Continental favourites for only $32' per adult and $16** for children under 14. The J55 Champagne Brunch includes a bottle of the bubbly for two. Cheers! OtegntX v Singapore A Foua Siasons Recint

Page 13 Miscellaneous

Page 13 Miscellaneous Column 1 [MISCELLANEOUS]

Page 13

I TVa RADIO I Quick Change, 8.30pm, SBC 5 p Bill Murray, Geena Davis and Randy Quaid are three desperate New Yorkers. They pull off a neat bank robbery but find getaway nearly impossible. This quirky 1990 comedy marked Bill Murray's directori- I V The Well-Tempered Bach with v L

UN must prevent the nightmares [ARTICLE]

Page 14

UN must prevent the nightmares OF THE seven million people living in Rwanda at the beginning of this year, well over half a million are now dead; a further five million have fled their homes. UN Secretary-General Boutros Boutros-Ghali has described the Rwandan nightmare as "one of the most hideous

A step towards the goal [ARTICLE]

Page 14

A step towards the goal EARLY IN July, Taiwanese President Lee Teng-hui signalled an improvement in relations with China when he said that ties between the two sides should be promoted rationally so as to achieve democratic and peaceful reunification ultimately. The breakthrough in discussions between Mr Tang Shubei, vice-chairman

One people, one nation [ARTICLE]

Page 14

One people, one nation YESTERDAY, Singaporeans basked in the warmth of their National Day. In 1965 Singapore was regarded as a nation without hope. What we are today is the result of planning, hard work, and perseverance. As we progress further and become a nation of excellence which, some experts

More boarding schools needed [ARTICLE]

Page 14

More boarding schools needed WHILE the Singapore government encourages its business people to go abroad to seek greater opportunities, it must cater to those people who are willing to heed the call and have family responsibilities at the same time. Their children's education is one major worry which the government

Useful public scrutiny [ARTICLE]

Page 14

Useful public scrutiny IT IS obviously too early to assess the implementation of the special poverty alleviation programme which was launched last April under the Presidential Aid Programme for Poor Villages throughout Indonesia. As usual, it is only to be expected that some technical problems may crop up at the

Treat trade as part of reform [ARTICLE]

Page 14

Treat trade as part of reform THE FAILURE of the US and Japan to reach an agreement on Japanese government procurement is quite regrettable and is another sign of the abnormal direction the bilateral relationship has taken. Although the two nations intend to continue negotiations, the talks will now be

A giant leap backwards [ARTICLE]

Page 14

A giant leap backwards THE APPARENT DECISION by members of the Executive Council not to declare their share dealings is a giant leap backwards for open government in Hongkong. It is a decision that adds nothing to the lustre of those who made it, sends precisely the wrong message at

The West should have heeded the doves on Korea [ARTICLE + ILLUSTRATION]

Page 14

The West should have heeded the doves on Korea Gregory Clark says the debate over North Korea's nuclear plans shows why Western diplomacy has tended to fail in Asia Gregory Clark THERE ARE two very opposed ways to look at the North Korean regime. The hawkish view says it started

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ANALYSIS

The rise of a new Asian high-tech dynasty [ARTICLE + ILLUSTRATION]

Page 15

The rise of a new Asian high-tech dynasty Y C Wang's Formosa Plastics Group is focusing on a new avenue of growth: electronics. This could change the face of Taiwan's economy drastically in a few years. Pete Engardio and Margaret Dawson examine the waves that the next Wang generation is

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Page 15

NEW CENTER NOW OPEN IN KLANG if you are worried about your hair you doubtless study every tiny area of your scalp that seems to show through more than it should You cant be sure, there Ay may not be any problem-but then again, it could be I the onset

Japanese govt think-tank to study derivatives market [ARTICLE]

Page 16

Japanese govt think-tank to study derivatives market Bloomberg Business News Reuter, TOKYO A Japanese government economic policy group is set to examine the fast-growing world derivatives market in light of the recent sharp rise of the yen, group member Shigeru Goto said yesterday. The main thrust of the group's investigation

Malaysia honours Nelson Mandela [ARTICLE + ILLUSTRATION]

Page 16

Malaysia honours Nelson Mandela Reuter KUALA LUMPUR South African President Nelson Mandela's youngest daughter, Zinzi (left), receiving the Tun Razak Award on behalf of her father yesterday. The award, presented by Hajjah Rahah (right), widow of former Malaysian Prime Minister Tnn Razak, was in recognition of Mr Mandela's "resolute resistance

Czech Rep seeks foreign partner for telecom firm [ARTICLE]

Page 16

Czech Rep seeks foreign partner for telecom firm Bloomberg Business News PRAGUE The Czech Republic government said yesterday it wants a single foreign partner to buy 27 per cent of state-owned SPT Telecom. "It's necessary to keep SPT Telecom as an integrated operator," said Karel Dyba, the Czech Republic's economic

Westmont's Manila unit to launch mutual fund [ARTICLE]

Page 16

Westmont's Manila unit to launch mutual fund From Al Labita in MANILA THE Manila flagship of Malaysia's Westmont Moldings plans to launch a mutual fund to invest in blue chip Philippine and Malaysian stocks. The Philippines-Malaysia Fund will be managed by Westmont Bank and the Wall Street-based Clcmcntc Capital. A

Another HK airport job sealed without Sino-British accord [ARTICLE]

Page 16

Another HK airport job sealed without Sino-British accord Reuter HONGKONG The Hongkong government has awarded another contract for the colony's new airport without a Sino-British agreement on financing the huge project, the Hongkong government said yesterday. The contract, worth HK$2O4 million (Ss4o million), was given to US-based Raytheon Co for

US Senate begins debate on health insurance Bill [ARTICLE + ILLUSTRATION]

Page 16

US Senate begins debate on health insurance Bill NYT WASHINGTON Torn between its sense of history and its partisan imperatives, the US Senate on Tuesday began debating national health insurance, the last unfinished business of the New Deal. Senator George Mitchell of Maine, the majority leader, said providing health insurance

Parallel lies between Whitewater and Watergate [ARTICLE + ILLUSTRATION]

Page 16

Parallel lies between Whitewater and Watergate The Bottom Line LEON HADAR LEON HADAR The writer is BT's Washington correspondent WATERGATE. Americas most celebrated public scandal, whose 20-year anniversary Washington is marking this week, gave birth to several unforgettable moments and a set of colourful characters that have become part of

US Congress urged to change securities fraud law [ARTICLE]

Page 16

US Congress urged to change securities fraud law Reuter WASHINGTON Business and professional groups urged the US Congress to reform securities fraud laws but opponents said claims of excessive suits were exaggerated. "The six largest accounting firms, which audit more than 90 per cent of our nation's public companies, are

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Page 16

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COMPANIES & MARKETS

Keppel, Jurong Cement to invest in China cement plant [ARTICLE]

Page 17

Keppel, Jurong Cement to invest in China cement plant By Rahita Elias SINGAPORE Homegrown conglomerate Keppel Corp and listed Jurong Cement will invest a total of 90 million renminbi (5515.6 million) in a cement plant project in China. Keppel said in a statement yesterday that it had formed a 50-50

MPHB earnings up 48pc to M$53m [ARTICLE]

Page 17

MPHB earnings up 48pc to M$53m By Agnes Wee SINGAPORE Diversified Malaysian company, Multipurpose Holdings Bhd, (MPHB), yesterday reported a 48 per cent jump in group net earnings to M 552.91 million (5530.7 million) for the six months ended June 1994. Earnings per share was 7.1 sen compared with 4.8

K Guthrie to streamline property division [ARTICLE]

Page 17

K Guthrie to streamline property division Bernama KUALA LUMPUR Kumpulan Guthrie Bhd has proposed to streamline its property development division togeU??r with Highlands Lowlands Bhd. KGB said yesterday that under the scheme, Augsburg (M) Sdn Bhd, which owns the land known as Bukit Jelutong Rasak, will become a subsidiary of

Renong buys prime land in Johannesburg [ARTICLE]

Page 17

Renong buys prime land in Johannesburg Bernama JOHANNESBURG Renong Bhd has acquired 5.6 ha of prime residential land here for 25 million rand (5510.4 million), which it plans to develop with a South African partner. Company officials said Edgcot Investments Pty Ltd had been set up to undertake the project.

Sembawang's change in accounting policy a case of new broom sweeping clean [ARTICLE + ILLUSTRATION]

Page 17

Sembawang's change in accounting policy a case of new broom sweeping clean HOCK LOCK SIEW By Joyce Quek SINGAPORE The suspicious mind might have heard bells ringing when Sembawang Corporation released its halfyear results this week. It may have sounded like alarm bells, but it was probably a wake-up call

Goldtron's interim earnings up 13pc as turnover surges [ARTICLE]

Page 17

Goldtron's interim earnings up 13pc as turnover surges By Quak Hiang Whai SINGAPORE Sesdaqlisted Goldtron lifted net earnings 13 per cent to $12.6 million in the six months to June 30. It said yesterday that group turnover suited 58 per cent to $222.7 million, with strong contributions from its manufacturing

Hong Fok subsidiary sells stake, incurs HK$1.6m loss [ARTICLE]

Page 17

Hong Fok subsidiary sells stake, incurs HK$1.6m loss SINGAPORE Hong Fok Corp's subsidiary, HFL International Consortium, has sold seven million shares of another subsidiary, Winfoong Investment, for HKS4.2 million (S$818,000). The listed property group said the sale would result in an extraordinary loss of about HKSI.S9 million. Hong Fok, the

EYE on your STOCKS

MARKET MOOD [ARTICLE + ILLUSTRATION]

Page 17

MARKET MOOD Firm Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Baring. Fraser, Kay Hian, Nomura. OngCo. Phillip. Smith New Court. Tat Ijee and SG Warburg.

HOT STOCK [ARTICLE + ILLUSTRATION]

Page 17

HOT STOCK -By Paul Leo K.LI Holdings closed at $2.22 yesterday, 44 per cent below its year high of $3.98 touched on Jan 11. It has just broken above a downward-sloping trendline connecting the peaks since Jan 11 on the weekly chart, indicating the beginning of a medium-term uptrend. Weekly

COMPANIES

Second airline project still on: Hicom [ARTICLE]

Page 18

Second airline project still on: Hicom Bernama SHAH ALAM The Air Asia second national airline project is still on, said Jamil Jan, chairman of Hicom Holdings Bhd, which has a majority stake of 85 per cent in the company. "Officially, it is still on," he said when asked to comment

Bonvests on sale of condo units [ARTICLE]

Page 18

Bonvests on sale of condo units SINGAPORE Bonvests Holdings said its wholly-owned subsidiary Upfront Developments began selling its condominium project at 19 Shelford Road on Aug 3. The group said it has entered into an option agreements with six employees for the sale of five units in the project. The

Seapower on change of shareholdings [ARTICLE]

Page 18

Seapower on change of shareholdings SINGAPORE Seapower Asia Investments said Hui Kam Yip, Wong Chun Hong and World Ford Investment have ceased to be substantial shareholders in the group.

Pegi Malaysia returns to the black [ARTICLE]

Page 18

Pegi Malaysia returns to the black Bernama KUALA LUMPUR Pegi Malaysia Bhd has moved into the black with a group pre-tax profit of M 54.13 million (552.39 million) for the year ended March 31, 1994, against a loss of M 52.65 million previously. The company said yesterday that group turnover

M'sia's Eicon lands S African project [ARTICLE]

Page 18

M'sia's Eicon lands S African project Bernama JOHANNESBURG A Malaysian company will develop a US$2OO million (Ss3oo million) low-cost housing project in South Africa, making it the first foreign company in such a venture. Eicon GmbH Bina Sdn Bhd is involved in a 60-40 venture with the African Development Corporation

China gaming licence talk spurs speculative interest in Red Box [ARTICLE]

Page 18

China gaming licence talk spurs speculative interest in Red Box Reuter KUALA LUMPUR Red Box (Malaysia) Bhd, a photo frame and album maker, has attracted active speculative interest in the past week on rumours that its chairman had secured a gaming licence in China, industry sources said. A source close

Interport resumes trading after reporting Ganda deal [ARTICLE]

Page 18

Interport resumes trading after reporting Ganda deal From Al Labita in MANILA THE Philippines Stock Exchange yesterday lifted the suspension of listed oil exploration and property development company Interport Resources Corp, after it reported its stock swap with a Malaysian company. The exchange's market surveillance chief, Maricel Lopez, told Business

New Serdang plant to convert to combined-cycle [ARTICLE + ILLUSTRATION]

Page 18

New Serdang plant to convert to combined-cycle NST KUALA LUMPUR Tenaga Nasional Bhd plans to convert its newly completed 625 mw gas-powered electricity generation facility in Serdang, Selangor, into a combined-cycle plant that could probably see an additional investment of about MS4SO million (XXXXX million). Executive chairman Ani Arope said

Sabah finance chief sure target firm is a good buy [ARTICLE]

Page 18

Sabah finance chief sure target firm is a good buy Bernama KOTA KINABALU The Sabah state government is optimistic that the public listed company which it hopes to acquire will be "a good and clean counter". "The counter is a good one... I think it's a clean counter," Deputy Chief

Proton for Philippines by year-end, but plan is for joint-venture assembly [ARTICLE]

Page 18

Proton for Philippines by year-end, but plan is for joint-venture assembly Bernama SHAH ALAM Perusahaan Otomobil Nasional Bhd (Proton) is prepared to export its left-hand-drive Proton Wira cars to the Philippines by yearend, its managing director, Mr Nadzmi Salleh, said yesterday. For a start, Proton, would export between 250 and

KL bourse set for another runaway rally, say analysts [ARTICLE]

Page 18

KL bourse set for another runaway rally, say analysts MARKET AFP KUALA LUMPUR The Malaysian bourse is set for another sensational rally akin to the bull run of last year as a return of foreign funds and a strong showing by listed firms lift market sentiment, analysts said yesterday. Investor

Swami: I was never proxy for Sabah govt [ARTICLE]

Page 18

Swami: I was never proxy for Sabah govt Bernama KOTA KINABALU Dr Mohan M K Swami, the Sabah medical doctor, who recently took over ownership of Chew Piau Bhd, yesterday denied speculation that he had been the proxy for the Sabah state government in its bid to purchase a main

Untitled [ARTICLE]

Page 18

Maufan' pricas Aug 11 Mendaki Gr Fund 1.19 122$ Singapore Unit Tnist LSGrFund 100 104 www* 1 ||||M A y_A AJ The Commerce 1.64 1.74 MNH ™P W The Savings Fund 1.56 1.65 Unifund I.SO I.S6 S'pore Prog Fund 0.70 0.74 Unibond 1.035 1.060 S pore Sec Fund 1.02 I

Cathay Pacific's HK$803m interim profit below expectations [ARTICLE + ILLUSTRATION]

Page 19

Cathay Pacific's HK$803m interim profit below expectations From Lim Soon Neo in HONGKONG HONGKONG'S leading air carrier, Cathay Pacific, turned in a net profit of HKSBO3 million (S$ 156.4 million) in the first half of this year ended June, below the range of HKS9OO million to HK$l billion analysts had

Govt credit plan sparks Shanghai share rally [ARTICLE]

Page 19

Govt credit plan sparks Shanghai share rally Reuter SHANGHAI A proposal to pump government money into Chinese brokerages has helped spark a meteoric rise in China's domestic A shares, but financial analysts are sceptical about whether the plan will ever get off the ground. The Shanghai Securities Sews yesterday quoted

Shareholders' revolt clouds future of Goodman Fielder [ARTICLE]

Page 19

Shareholders' revolt clouds future of Goodman Fielder Chairman, several directors under pressure to resign Reuter SYDNEY The future of Australia's largest food group, Goodman Fielder Ltd, has been cast into uncertainty after a revolt by shareholders upset with the company's financial performance, analysts said yesterday. The chairman and several directors

Taiwan company President Enterprises to list 7-Eleven unit [ARTICLE]

Page 19

Taiwan company President Enterprises to list 7-Eleven unit Bloomberg Business News TAINAN, Taiwan President Enterprises Corp, Taiwan's largest food company, said it plans to list shares in its 7-Eleven convenience store unit on the Taiwan Stock Exchange. President Chain Store Corp, a fully-owned subsidiary of President Enterprises, is Taiwan's largest

Aussie stock exchange to launch new derivatives market [ARTICLE]

Page 19

Aussie stock exchange to launch new derivatives market Reuter SYDNEY The Australian Stock Exchange (ASX) said yesterday it would launch a new derivatives market called Share Ratios in what it said would be the first exchangecontrolled market of its kind in the world. Share Ratios is based on the performance

Kumagai Gumi poised for recovery after cutting costs [ARTICLE]

Page 19

Kumagai Gumi poised for recovery after cutting costs Reuter TOKYO Bad days for Kumagai Gumi Co Ltd are almost over despite the current misery of the Japanese construction industry in general, as the company trims its once-massive and burdensome overseas property portfolio. Kumagai, one of the few major construction firms

Standard Chartered's interim pre-tax profit up 39pc to £237m [ARTICLE]

Page 20

Standard Chartered's interim pre-tax profit up 39pc to £237m From Lim Soon Neo in HONGKONG STANDARD Chartered Bank, which has plans to seek secondary listings in Singapore and Hongkong, yesterday reported a 39 per cent increase in interim pre-tax profit to £237 million (SSSSI million). The Asia Pacific region was

Aussie domestic carrier to take on Qantas for share of Asian market [ARTICLE + ILLUSTRATION]

Page 20

Aussie domestic carrier to take on Qantas for share of Asian market Reuter SYDNEY Ansett Airlines, perched comfortably as Australia's most popular domestic carrier, is set to spread its wings over Asia in a swoop on rival Qantas Airways Ltd for a share of the lucrative Asian market. Ansett officials

Bell Atlantic, Nynex file suit in bid to stop AT&T merger [ARTICLE]

Page 20

Bell Atlantic, Nynex file suit in bid to stop AT&T merger Bloomberg Business News BROOKLYN Bell Atlantic Corp and Nynex Corp have filed a suit in an effort to block AT&T Corp's proposed US$l2.6 billion (5518.9 billion) acquisition of McCaw Cellular Communications Inc. The two regional Bell operating companies allege

Dresdner Bank's interim operating profit up 11.2pc [ARTICLE]

Page 20

Dresdner Bank's interim operating profit up 11.2pc Bloomberg Business News COLOGNE Brisk demand for mortgage loans and feebased services offset slumping trading profit to lift first-half operating profit at Dresdner Bank AG, Germany's second biggest bank, by 11.2 per cent to 1.0 billion marks (XXXXX million) from 936.1 million marks

Indian group acquires rights, stake in US satellite company [ARTICLE]

Page 20

Indian group acquires rights, stake in US satellite company Bloomberg Business News WASHINGTON Iridium Inc said a group of Indian institutions acquired the rights to a portion of the company's global satellite network and a stake of the company for US$32 million (Ss4B million). The group, led by Infrastructure Leasing

Microsoft tops Forbes' ranking of software firms based on revenues [ARTICLE]

Page 20

Microsoft tops Forbes' ranking of software firms based on revenues Reuter NEW YORK Microsoft Corp, with annual sales of US$4.4 billion (556.6 billion), topped Forbes' first-ever ranking of computer software publishers based on revenues, the magazine said in technology supplement Forbes Asap. Computer Associates was a distant second with US$2.l

FINANCE & COMMODITIES

KPMG to pay US$186m savings and loan settlement [ARTICLE]

Page 22

KPMG to pay US$186m savings and loan settlement NYT NEW YORK KPMG Peat Marwick, one of the Big Six accounting firms, said on Tuesday that it had agreed to pay UXXXXX.5 million (XXXXX.8 million) to settle federal charges that it failed to audit a number of failed and distressed banks

UK's Commercial Union to buy French insurer Groupe Victoire for £1.5b [ARTICLE + ILLUSTRATION]

Page 22

UK's Commercial Union to buy French insurer Groupe Victoire for £1.5b AFP LONDON Britain's leading insurer, Commercial Union (CU), on Tuesday said it had agreed to buy its French counterpart Groupe Victoire for £1.5 billion (553.46 billion) or 12.5 billion francs from Cie de Suez. The purchase will include about

Japanese firms optimistic about synthetic rubber supplies [ARTICLE]

Page 22

Japanese firms optimistic about synthetic rubber supplies Reuter TOKYO Rubber product makers in Japan are confident they can still meet sluggish industrial demand, despite the threat posed by a water shortage to synthetic rubber output, industry sources said. "I've heard that the water shortage may affect (synthetic rubber) supplies, but

Exxon plant fire may affect ethylene supply [ARTICLE]

Page 22

Exxon plant fire may affect ethylene supply Bloomberg Business News BATON ROUGE, Louisiana Exxon Corp's largest US petrochemical plant was rocked by a series of explosions and a fire on Monday, raising concern about a potential shortage of a key chemical, ethylene. Shares of major US chemical makers jumped to

India plans package to recapture lost tea markets [ARTICLE]

Page 22

India plans package to recapture lost tea markets Reuter COONOOR, India India, the world's laigest tea producer, is considering a package of subsidies and credit to domestic companies in a bid to recapture its lost markets after the collapse of the Soviet Union, exporters said. They said at least 20

China merges two futures exchanges in Guangzhou [ARTICLE]

Page 22

China merges two futures exchanges in Guangzhou KnightRidder HONGKONG Two commodities futures exchanges in Guangzhou city have been combined into the Guangdong United Commodities Futures Exchange, Hongkong's Ming Pao newspaper reported. The newspaper said the commodities traded on the two exchanges overlapped, limiting the development of commodities markets in the

Futures fall as US supply of petrol higher than expected [ARTICLE]

Page 22

Futures fall as US supply of petrol higher than expected Bloomberg ENERGY REPORT Bloomberg Business News NEW YORK Crude oil futures tumbled to the lowest price in more than a month as US supplies of petrol proved larger than expected, signalling that less crude will be needed for refining into

Banque Indosuez REGIONAL CURRENCY REPORT [ARTICLE + ILLUSTRATION]

Page 22

Banque Indosuez REGIONAL CURRENCY REPORT THE SINGAPORE dollar traded between 1.5060 and 1.5065 for most of yesterday. After Tokyo close, it eased softly in quiet trade. It should soon resume its firming trend, spurred by the second quarter better than expected economic figures. The ringgit closed the day's high with

London [ARTICLE]

Page 22

London Bloomberg Business News LONDON The dollar held steady against the mark and yen as analysts speculated when the US Federal Reserve will raise interest rates. Traders awaited several economic reports due today to set a better idea of whether the US economy is growing fast enough to warrant higher

New York [ARTICLE]

Page 22

New York Reuter NEW YORK The dollar was down slightly against the major currencies, except the yen, in early trading yesterday after the limited success of the first round of Treasury auctions the day before. Around 1340 GMT, the dollar traded at 1.5760 marks against 1.5817 on Tuesday and at

Untitled [ARTICLE + ILLUSTRATION]

Page 22

I'rade-nnxhied index ivkvkutd agaiitii Spore's lop 14 trading partners bait year: I*3 US$/S$ forward rates Noon Aug 10 ss Bid Offer 1-month 1.5037 I.50S2 2-month XXXXX 1 5041 3-month XXXXX 1.30)1 6-month 1.497J 1.4993 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Sm m Aug It: Singapore dollars

COMMODITIES & FUTURES

Euroyen, Eurodollars end unchanged [ARTICLE]

Page 23

Euroyen, Eurodollars end unchanged SIMIX RtPOflT Reuter SINGAPORE Simex Euroyen and Eurodollar futures ended mostly unchanged and Japanese government bond (JGB) futures were lower. Euroyen was steady in the morning but followed JGBs slightly lower in the afternoon session. Dealers said the undertone of Euroyen was weak after the increase

Palm oil surges on buying support [ARTICLE]

Page 23

Palm oil surges on buying support COMMODITY REPORTS Palm Oil CRUDE palm oil closed sharply higher, extending overnight gains on continued buying support. Aggressive short covering coupled with speculative interest continued to spur values. Pakistan's presence in the market also boosted sentiment. Aug South was offered at M$ 1,495 a

COMMODITY PRICES [ARTICLE]

Page 23

COMMODITY PRICES Rubber Aug 10 Stafapore C>—lortHy Exchange Pfcykal Prk (ftrtww dastag m at 5.30pn) Buytrs Mtert As at 12 mm (S cents/kg) RSS 1 Contract (S cents/kg) v RSS 2 Sep 94 200.30 20I.50N u~.,k M»h Intcmt RSS 3 Sep 94 199.50 200.SON Month High Low Sett (toanes) Interest

REGIONAL STOCK MARKETS

Australia [ARTICLE]

Page 24

Australia -10.3 CONTINUING anxiety over US interest rates was blamed for sidelining investors and dragging the share market to a lower close. The All Ordinaries Index ended 10.3 points lower at 2,076.5 while the All Industrials dropped 15.3 to 3,041.7 and the All Resources eased 6.6 to 1,351.6. Turnover totalled

Manila [ARTICLE]

Page 24

Manila +61.82 Share prices ended two days of sideways movement to advance 2.14 per cent in heavy trading yesterday, acting on bullishness in the economy s first semester performance. The PSE Composite Index sprinted 61.82 points to close at 2,944.19. Volume surged to 9.03 billion shares value at 1.57 billion

Taipei [ARTICLE]

Page 24

Taipei -106.90 The Taiwan bourse yesterday suffered a heavy loss as investors scaled down shareholdings after four consecutive winning sessions, with shares posting declines across the board. The Weighted Price Index plunged 106.90 points to settle at 6,838.01. Turnover dropped to 2.13 billion shares valued at NTS 106.2 billion. Falls

Seoul [ARTICLE]

Page 24

Seoul +12.71 Stocks surged yesterday on news of a government decision to relax its squeeze on money supply for the month, retreating from an austere monetary policy. The Composite Price Index climbed 12.71 points to close at 930.21. Turnover was 21 million shares worth 430 billion won. Rises outnumbered falls

New Zealand [ARTICLE]

Page 24

New Zealand 11.87 The NZSE-40 Capital Index partially recovered from Tuesday's sell-ofT but prices were mixed and losing stocks outnumbered gainers 44-30. The index gained 11.87 points to 2,088.10 thanks largely to an eight cent gain by Carter Holt Harvey and a four cent gain by Telecom. Those two stocks

Bombay [ARTICLE]

Page 24

Bombay +59.98 Share prices closed higher on across-the-board buying by speculators, with the BSE 30-share Index ending 59.98 points up at a provisional 4,379.06, which is a 27-month high, brokers said. "In the last 15 days, there has been profit-taking in cash shares. That money is now shifting into the

WORLD STOCK MARKETS

Frankfurt [ARTICLE]

Page 24

Frankfurt -3.83 German stocks fell in slow trade as the bond market steadied ahead of US economic data that might see a rise in interest rates. The DAX Index closed down 3.83 points at 2,160.37. "It wasn't worth going to the market today," said a trader. "The market must have

Brussels [ARTICLE]

Page 24

Brussels -5.73 Belgian stocks fell as bond yields climbed and investors switched capital into less risky fixed-income securities. The Bel-20 Index closed down 5.73 points at 1,469.58. The decline was further fuelled by worries that rising rates in the US will increase the cost of borrowing for companies and attract

Amsterdam [ARTICLE]

Page 24

Amsterdam +0.79 Dutch stocks closed higher after trading lower for most of the session as better-than-expected earnings from Hooaovens caused a rally in the final hour of trading. Nervousness about earnings from four major companies due today kept prices down for most of the day but when Hoogovens reported first-half

Milan [ARTICLE]

Page 24

Milan -146 Italian stocks fell for the sixth consecutive day, as trading linked to stock options dominated an otherwise deserted market. The Mibtel Index closed down 146 points at 10,788. Options for this month expire tomorrow. In Italy, option contracts are personal agreements and are not traded. Therefore the underlying

Johannesburg [ARTICLE]

Page 24

Johannesburg +39 Shares ended substantially firmer yesterday as investors drove prices higher in steady trade amid a continued surge in sentiment. Dealers said price gains were outstripping strength in underlying fundamentals amid a lack of scrip in quality stocks. The Overall Index closed up 95 points to 5,918, the Industrial

Toronto [ARTICLE]

Page 24

Toronto 14.70 Stocks continued higher in quiet midday trade, buoyed by recent strength in the Canadian dollar. Traders said some players remain sidelined ahead of key US inflation data due for release today and tomorrow. The TSE-300 Composite Index was up 14.70 points at 4,201.00 in turnover of 30.58 million

New York [ARTICLE]

Page 24

New York +14..24 Investors pushed stock prices higher early yesterday in moderate trading. The Dow Jones Industrial Average, which gained 1.95 points on Tuesday, climbed 14.24 points to 3,770.00 at 11am EDT. The New York Stock Exchange Composite Index was ahead 0.65 to 253.61, while Standard Poors 500-stock Index was

London [ARTICLE]

Page 24

London -1.6 STOCKS were mixed for a second day as gains in Glaxo were countered by falls in Standard Chartered and HSBC Holdings. The FT-SE 100 Index fell 1.6 points to 3,167.0. Trading was a moderate 587 million shares. Glaxo rose I7p to 629 as some US investors bought the

Paris [ARTICLE]

Page 24

Paris -10.31 French stocks fell for the third day amid continuing uncertainty about the fate of US and European interest rates. The CAC 40 Index fell 10.31 points to 2,064.17, having dipped as low as 2,053.31. The broader SBF-120 Index ended the day 7.61 lower at 1,423.45. Declines by Cie

Stockholm [ARTICLE]

Page 24

Stockholm •13.15 Swedish stocks fell for a second day, led lower by Ericsson, as investors stand cautious ahead of US inflation figures. The OMX Index tumbled 13.15 points to 1134.75. Nineteen stocks declined, nine rose and two were unchanged. "It was mainly Ericsson coming down after Merrill Lynch lowered its

Zurich [ARTICLE]

Page 24

Zurich +5.9 Swiss stocks rose for only the third time this month as an acquisition by pharmaceutical maker Ciba-Geigy raised hopes for higher eam- ings in the industry. The SMI Index rose 5.9 points to 2,591.4, with 12 shares advancing, three steady and eight falling. The SPI Index rose 2.4

Untitled [ARTICLE]

Page 24

Vienna Vn 10 Asrh l«5 5 Bank Ainlna <P> CA-BV VZ MJ I EVN MOJ Flufhafca 4*2 »"<* Lrn/in| 1317 LcykM 437 nick Maculan Hid VZ 115$ 10 OEMV VZ *W VA TVcHiwtotie 1091 Voucher 373 7 Vcfbvnd Aktie A *52 J Wwnotrrt 3910 2$ Source: Bank Austria Aktiengesellchaft Nasdaq

HONGKONG [ARTICLE + ILLUSTRATION]

Page 25

HONGKONG Bloomberg Business News HONGKONG Stocks rose after a senior Chinese official said China and Britain were close to reaching an accord on financing Hongkong's new airport. Investors didn't want to be left out in the cold after Hongkong shares started rising in London on Tuesday, said a foreign broker.

CHINA [ARTICLE + ILLUSTRATION]

Page 25

CHINA CLSA TURNOVER in Shanghai B shares was a high USSIO million, with most counters increasing by 1-8 per cent. China TM took the lead, gaining 7.5 per cent. Fuelled by positive interim result, Shangling Elec was up 2.5 per cent on active turnover. The index ended 14.94 points up

TOKYO [ARTICLE + ILLUSTRATION]

Page 25

TOKYO Reuter TOKYO Stocks closed a touch firmer on a wave of public fund investor and index-re-lated buying, and an absence of active selling. But the market remained locked in a tight range as many investors were away on vacation and those still around were reluctant to move, traders said.

BANGKOK [ARTICLE + ILLUSTRATION]

Page 25

BANGKOK Reuter BANGKOK Stocks fluctuated throughout the day to close fractionally higher, with new listing Italian Thai Development in focus, brokers said. The SET Index inched up 0.99 points to 1,407.32 after fluctuating between 1,414.86 and 1,403.55 on 7.63 billion baht turnover. Falls led rises 172 to 106. Ital-Thai was

JAKARTA [ARTICLE + ILLUSTRATION]

Page 25

JAKARTA Reuter JAKARTA Share prices ended higher on buoyant market sentiment and bargain hunting after the index failed to break through the psychological 470point level on Tuesday. "It was a technical rebound after two days of falls. Foreign buying locked in the market from the opening, helping to calm local

CLOB INTERNATIONAL [ARTICLE]

Page 26

CLOB INTERNATIONAL MBit MM»vofamt r Mctroptex 50c 13.003.000 Idru Hyd 50c 9.891.000 Benaya L Wt99 8.562.000 CASH 50c 8.267.000 Promet 7.459.000 Mctroptcx TSR 6.657.000 Ind Oxygen Wt95 6.198,000 Innovnt Bhd 6.146.000 B Raya TSR97 S.I59.000 Mulpha Inll 50c 4.515.000 MCB HkJgs Wl99 4.052.000 Lien Hoc TSR97 3.961.000 Asia Pac Ld

KUALA LUMPUR STOCK EXCHANGE

Plantation stocks lead market to 5-month high [ARTICLE + ILLUSTRATION]

Page 26

Plantation stocks lead market to 5-month high Bloomberg Business News KUALA LUMPUR Plantation stocks, benefiting from rising commodity prices and positive company news, led a rally that drove the index to a five-month high. "Palm oil and commodity prices are doing well," said one dealer. "Foreign money is coming in,

STOCK EXCHANGE OF SINGAPORE

Untitled [ARTICLE]

Page 27

Gr Cr M Wl IW4 Last Vol Da> Last Qwx* Dh Dl> VM Nil Can Aig High Low C'oaipaay Sal* (DOO) High Law Bu>er SeUet Of ft Smll Price INDUSTRIAL AND COMMERCIAL 1440 835 lis Acma 920 -20 IJ2 940 920 9IJ 920 I7.S 2.1 1.9 14.7 634.1 939 800

Investors pursue M'sian counters, neglect local stocks [ARTICLE + ILLUSTRATION]

Page 28

Investors pursue M'sian counters, neglect local stocks By R Sivanithy SINGAPORE The announcement that the economy grew by a higher than expected 10.5 per cent during the first six ntamths did little to lift local prices yesterday, but the strength of Malaysian counters particularly warrants left many observers saying that

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Page 17 Advertisements Column 1 [ADVERTISEMENT]

Page 17

NEWS VALUE How today's news might affect your slocks Manufacturing, construction drive S'pore's 2Q growth (pg I) Figures suggest that the downside for the Singapore stock market, particularly blue chips, is very limited indeed. Vital for dollar to be strong and viable: Greenspan (pg I) Remarks calculated to have a

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Page 18 Advertisements Column 1 [ADVERTISEMENT]

Page 18

131 Goldtron Limited ISSSSJ (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following results: 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1994 Group Company 30.6 94 30 693 30 694 30 693 SS'OOO SS'OOO SS'OOO SS'OOO Turnover 222.684 140,989 58 2.735 3.680

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Page 18

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Page 19

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Page 19

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Page 20

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Page 20

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Page 21

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Page 23

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Page 23

As and when the latest London/ Rotterdam prices are not available, < the previous trading day's closing figures are carried instead. Make new business contacts through oassracauon 203 ,n The JAja Straits Times Classified, cjlta >

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Page 24

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Page 26

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Page 26

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Page 27

o__ Since 1735 there has NEVER BEEN A QUARTZ BIANCPAIN WATCH. And there never will be. Sinfapore: mi: IKXJH CI ASS l.w.ky Piiui X 7HVWI Strtlv TW 23V»27/7IW» Centreix»iH TH 7MIVNVM)i Peninsula PlawTH 3]7njOWJ«tVtt3 Work! Turtc Centre TH 27)1007 Mors RenaisMncc. Ket Holies TW XXXXX41 clwnv Airport Terminal l(l j»J

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Page 28

ACTION PRINT PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN that the Final Meeting of members of the abovenamed company will be held at 50 Chin Swee Rd. #10-01 Thong Chai Bldg. S'pore 0316 on 12 September 1994 at 10.30 am for the purposes stated in

Page 28 Advertisements Column 2 [ADVERTISEMENT]

Page 28

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Page 28 Advertisements Column 3 [ADVERTISEMENT]

Page 28

BUSINESS T I MJL_S TOL^?RE^E^No^Bo^4l-188^^Ax!741-lsff NOTICE NOTICE IS HEREBY GIVEN that, I SHAI KO KHEAN CHAI KO KHEAN of Blk 248 Lorong Chuan #21-04 Singapore 1955, have applied (or a Public House Second Class Licence in respect of premises at M/s Cashew Height Catering Services at 105 Cashew Height #01-04

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Page 28

LOST SHARE CERTIFICATES The Morning Share/Wanar*a(Wi&) oertficatosTtogatw wriVt tie relevant signed transfer deeds have been reported lost or dastroyed:QENERAL SECURITIES INVESTMENTS LIMITED CttmcMeNo In the num of Mo of Sharea/Wrta XXXXX45 Yiah GeoK Eng 1 1000 KEPPEL CORPORATION LIMITED XXXXX47/48 Tang Cheng Lui 2 x 1000 XXXXX30 -do- 1* 500

Shipping Times

Sembeth operations getting back to normal after blast [ARTICLE + ILLUSTRATION]

Page 29

Sembeth operations getting back to normal after blast By Alec Almazan SINGAPORE Operations at Sembawang Bethlehem were said to be getting back to normal yesterday, after an explosion on Tuesday killed three workers. But work has stopped in the area where the tragedy happened, so that inquiries can be carried

Spain plans to label tuna in EU fishing war [ARTICLE]

Page 29

Spain plans to label tuna in EU fishing war Bloomberg Business News MADRID Spain's tuna fishermen are opening up a new front in their battle with European Union (EU) tuna fleets: they hope to label Spanishcaught tuna so consumers can buy Spanish tuna and avoid fish caught using driftnets. The

INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS [ARTICLE]

Page 29

INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS Pa«e Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 2/3 •Bait Orient Line 7 4/5 •Bank Line, The 9 5 Batamindo 7 3

Victoria state to privatise ports [ARTICLE]

Page 29

Victoria state to privatise ports Reuter MELBOURNE The Australian state of Victoria said it planned to privatise its ports, which have a book value of more than A 5445 million (Ss4B9 million), to make them more competitive. Roads and Ports Minister Bill Baxter yesterday said the government met trade unions

Cruise ship runs aground off south-east Alaska [ARTICLE]

Page 29

Cruise ship runs aground off south-east Alaska AP, Reuter ANCHORAGE, Alaska A cruise ship carrying 1,225 people ran aground on Tuesday in the Inside Passage of south-east Alaska, the Coast Guard said. The 33,000-ton vessel touched bottom briefly near Ketchikan, damaging the hull and a propellor and spilling about 260

Prototype of ultrafast freighter to set sail [ARTICLE]

Page 29

Prototype of ultrafast freighter to set sail Bernama-Kyodo TOKYO A prototype of a hovercraft-model superfast freighter capable of carrying 1,000 kg of cargo at a speed of more than 90 km per hour will begin its first long-distance test voyage on Aug 20, shipbuilding sources said yesterday. The sophisticated, 430tonne

Argentina approves port-operating deal [ARTICLE]

Page 29

Argentina approves port-operating deal AFP MANILA The Argentine government has approved a US$6O-million (5590.6 million) contract for a Philippine port operator to manage a container terminal in Buenos Aires, the presidential palace announced here on Tuesday. A palace statement said Philippine Ambassador to Argentina Carlos Villa Abrile had given President

At BMW's US plant, all men are equal [ARTICLE + ILLUSTRATION]

Page 30

At BMW's US plant, all men are equal At the German car maker's new plant in South Carolina, everyone wears a white smock and eats at the same time in the cafeteria AP WHEN the bell rings at the new BMW plant in Greer, South Carolina, work stops for everyone,

THE SHIPPING GUIDE [ARTICLE]

Page 38

THE SHIPPING GUIDE This is a list of ships loading at Singapore for ports around the world, it tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after

SHIPPING AGENTS [ARTICLE]

Page 43

SHIPPING AGENTS Containerline NV: Belsin Shpg Agencies Pie Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Croup: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahreakiel Liner Service: Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred C

CONFERENCES & CONSORTIA [ARTICLE]

Page 43

CONFERENCES CONSORTIA Ma-North Amerfca Eaatbaund Rate Amen** (Far Eaat/NarOi iwuihia exdndes Japan): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line; Orient Overseas Container Line, Hapag-Lloyd. Trans-PaeHk Westtoeand Rata Agreement (Nartii America/Far Eaat): American President Lines; Sea-Land; Neptune

COURIER SERVICES [ARTICLE]

Page 43

COURIER SERVICES Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. XXXXX80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies A Services

AIR FORWARDERS [ARTICLE]

Page 43

AIR FORWARDERS Abex Express Kreight Tel: 542-7171. Fa*: XXXXX84. Actinic Forwarder Tel: 225-1833. Fa*: XXXXX42. Activalr Singapore Tel: 542-7822. Fa*: XXXXX20. Aerolink Freight International Tel: 545-8033. Fa*: XXXXX05. Aerospeed Tel: 542-5911. Fa*: XXXXX18. Air Cargo Novo Express Tel: 542-5454. Fa*: XXXXX06. Air Express International Tel: 542-7666. Fa*: XXXXX74, XXXXX50. Air

PORT CONDITIONS [ARTICLE]

Page 44

PORT CONDITIONS ALBANIA Durres: One vessel in port discharging bagged flour, no vessels waiting in roads. ARGENTINA Santa Fe, Diamante: No vessels berthed, none in roads, none due. San Ijorcnza* Three vessels and one barge berthed. Five vessels in roads and 28 vessels due at nine terminals during the coming

CRUISE & FERRY SCHEDULES [ARTICLE]

Page 44

CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Name of Vessel ETA t I D Forts of Calls Port Agent Telephone No AUGUST 12 12 Langkapuri Star 1600 2030 Cruise to Nowhere Jardine Shipping 224-1052 Aquarius Agcncies 13 13 Leisure World 1000 2015 Cruise to Nowhere New Century Tours 227-8284 Corporation

SHIP SALES & TANKER RATES [ARTICLE]

Page 44

SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young AFP THE NEWS that Messrs Texaco have joined the trend of major oil companies in distancing themselves from the liabilities of direct ownership has provided a major talking point this week. It would seem that the idea is

SHIPS IN PORT

AT CONVENTIONAL WHARVES [ARTICLE]

Page 45

AT CONVENTIONAL WHARVES ins4 Hp tmfk jlntal Dtparlurt Vtm> fry No B«rth Vrtvl D«parttf« iUfOAC Part Batxn Speed3 XXXXX* P01A 1008/1900 1008/2000 SSd^I2 1/* M/5 1108/0600 Warn £«d3 XXXXX; POIA 1108/2330 1208/0130 Battm Maft N136 11 1108/2300 Man, Spe*4 ll»4* P01A 108 0700 08/0900 BopMHaRra 22 J8 1108/0600 2?, n!X!2!

CONTAINER SCHEDULES [ARTICLE]

Page 45

CONTAINER SCHEDULES RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Record Bootonf/Batonce RsKs Ship Voy No Etb/Btr Period From To From to Jade 1988 12/1100 IB 10/1500 10/1459 10/1*0 3 11/0700 11/1159 11/1400 4 11/1200 11/1459 11/1700 M i 911 13/1000 1A

COCKETT BUNKER MARKET REPORT [ARTICLE]

Page 45

COCKETT BUNKER MARKET REPORT THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and

VERITAS BUNKER QUALITY REPORT [ARTICLE]

Page 45

VERITAS BUNKER QUALITY REPORT Catan "rtw. MS Mr Mr M* A* MM. SM D«*, *tar to*. A* *■*>n fetowt M/M EUM Enon KG/M*3 V/Y M/M M/M PPM method KG/I™ V/V M/M M/M PPM method Eastern USA 180 Ave 984 0.3 14.3 0 09 11 0.02 60/Qmac 1Mb Spec E25 991

Getting good returns from supply ship industry [ARTICLE + ILLUSTRATION]

Page 46

Getting good returns from supply ship industry At a seminar held recently in Atlanta, supply boat boss Charles Fabrikant discussed the supply ship industry in terms of its investment potential. Claire Lyons reports Claire Lyons Seatrade Week Newsfront CHARLES Fabrikant, chairman and chief executive officer of offshore supply boat company

Daily Freights [ARTICLE]

Page 46

Daily Freights THE Baltic Freight Index for spot dry cirgo shipping rates rose to 1,483 on Tuesday from 1,475 on August 8. Rates remained strong for capesize tonnage and there is evidence charterers are taking vessels on period charter, brokers said. Brokers said negotiations are continuing for Mitsui OSK to

AIR AND LAND TRANSPORT NEWS

SIA to expand cargo network, freighter fleet [ARTICLE + ILLUSTRATION]

Page 48

SIA to expand cargo network, freighter fleet By Rahita Elias SINGAPORE National carrier Singapore Airlines is expanding its freighter fleet and its cargo network. The airline's cargo director, Huang Cheng Eng, said at a news conference yesterday that SIA planned to cover the US eastern seaboard, possibly introducing flights to

Japanese carriers step up cooperation [ARTICLE]

Page 48

Japanese carriers step up cooperation By Juliette Walker SINGAPORE Japanese airlines are testing new levels of cooperation to smooth their flight through a storm of high yen-based costs and strong competitive headwinds on both domestic and international routes. Yoshi Funatsu, a senior adviser for All Nippon Airways, said ANA, Japan

Airbus accuses Martin Marietta of shoddy work [ARTICLE]

Page 48

Airbus accuses Martin Marietta of shoddy work Bloomberg Business News PARIS Airbus Industrie has accused Martin Marietta Corp of performing "incredibly shoddy" work on the construction of its A 330 passenger jets, causing delays in the delivery of planes to two big Asian airlines. The setback is the latest in

Defective part delays A330 deliveries [ARTICLE]

Page 48

Defective part delays A330 deliveries Bloomberg Business News AFP, KUALA LUMPUR A production problem involving a non-critical engine-part has held up delivery of the Airbus Industrie A 330 aircraft to Malaysia Airlines (MAS), a newspaper report said on Tuesday. The Star daily tabloid quoted Airbus press relations manager for Asia,

Ship runs aground in Port Klang [ARTICLE]

Page 48

Ship runs aground in Port Klang Bernama PORT KLANG A Denmark-registered cargo vessel Artis Island ran aground on Tuesday night after hitting what is thought to be a wreck about half a nautical mile from the One Fathom Bank lighthouse in Port Klang. The Malaysian Rescue Coordinating Centre here said

Two oil barges collide on Manila river [ARTICLE]

Page 48

Two oil barges collide on Manila river AP MANILA Two small oil barges collided yesterday at the mouth of Manila's Pasig River and one of the scows spilled 600 barrels of oil into the river, said the Coast Guard. Dario Fajardo, chief of the Coast Guard, said a special oil

Power shortage at Taipei airport [ARTICLE]

Page 48

Power shortage at Taipei airport UPI TAIPEI Emergency power facilities at Taiwan's Chiang Kaishek international airport have not kept pace with expansion and are inadequate, civil aeronautics officials said yesterday. The airport was left in the dark on Monday after both the normal and reserve power supply lines were demolished

Aston Martin to raise output [ARTICLE]

Page 48

Aston Martin to raise output Reuter LONDON UK sports carmaker Aston Martin plans to raise production to about 1,500 cars a year by the late 1990s from just 144 last year, according to the Financial Times yesterday. Aston Martin received an injection of £50 million (S$ 115 million) in new

New airline set up in Nanjing [ARTICLE]

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New airline set up in Nanjing AFP HONGKONG A new airiine has been set up in Nanjing in eastern China to cater for medium and short distance routes, a report said on Tuesday. The Nanjing Airline Co Ltd was set up last month in a bid to ease heavy passenger

Australia Air loses China route rights [ARTICLE]

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Australia Air loses China route rights Bloomberg Business News CANBERRA Australia Air has lost rights to the China route after a year-long struggle, the Financial Times said on Tuesday. The company was unable to gain the financial backing required to prevent the International Air Services Commission from revoking its decision

AIRCRAFT ARRIVALS AND DEPARTURES [ARTICLE]

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AIRCRAFT ARRIVALS AND DEPARTURES «t nm n» ngt no_ Mm DfcaM Gf 146 1120 GF147 1850 GA985 1130 SQ441 1505 GA883 1545 1. Mtiakta QF81 1925 QF82 2055 SQ228 1955 imMM KLS43 0505 KLXXXXX00 SQ25 0630 SQ26 2355 GA975 1205 KL837 1450 Mmt SQ347 0740 1. 2040 SAIL SS BW2T

Aussie air travel cheap but Asia ahead: report [ARTICLE]

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Aussie air travel cheap but Asia ahead: report Reuter CANBERRA Australian air travel is cheap compared with the rest of the world but the country's airline industry is not as efficient as Asia's, according to an Australian government study. Qantas Airways is generally more efficient than its European and North

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Page 29

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Page 42

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O THONG SOON UNES PTE LTD 78 SHENTON WAY #10-01, SWGAPORE 0207 I \yj Vy TEL: 227-50 M FAX: 227-6011 I' TLX: RS XXXXX CARRO, RS XXXXX JENHOL CABLE: TOSOCO I 4 rwo»< moo*t ciWM4i SINGAPORE TO SARAWAK S |NGAPORE tcTTHAH-AND YESSEL VOY S'POtE PEST VESSEL XT STWE Sam EQUATOR

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Page 44

CENTRE STAGE Keep in step with the culture beat The Arts. Every Monday. YXMuraoit m Busmessumes WOW AM

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Page 46

79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: XXXXX92 FAX: XXXXX57 CR XXXXXXXXXX0N STRAITS SHUTTLE SERVICE SINGAPORE/PORT KLANQ/SINGAPORE SINGAPORE/PENANG/SINGAPORE VESSEL VOYAGE SX PKL VESSEL VOYAGE SW PEW mm JAYA XXXXXN 09/08 (TUE) 11/08 (THU) MCC CONVEYOR 9433 10/01 (WED) 12/06 (FRI) MCC CONVEYOR 9433 10/06 (WED) 12/06 (FRI) XOW JAYA XXXXXN

Page 46 Miscellaneous

Page 46 Miscellaneous Column 1 [MISCELLANEOUS]

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TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0710 OSOO 0900 1000 1100 12M 1300 1400 1500 IMQ 1700 1100 1900 2000 2100 2200 2300 2 2J 3.1 3.1 2.7 2.1 l.« 0.1 0.5 OJ 0.4 OJ 1.4 22 2J 2.7 2.0 22 16 1.0

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STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VESSEL VOT ST n KUC H MU* JUT CHMTWI IRAOa SN ORANGE MOON M kPI <■* l«/»> KEBHUN II IS/I 11/1 12/» COStHC LEADER 14/1 11/S OUTBOUND VESSELS SP IAKARTA/SUKABAYA/UJVNC PADANC 18/8 MV Cosmic Cktllcager VS4 SP DUMAI 28/8

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I VESSa VOY "sii eta/d "lax oak Icw I pal bem/col hou 'ntc nor I GEORGE WASWNGTON BRCGE 80A 11/01 21/01 30/01 31/ M 01/08 01/09 02/W 02/09 03/09 I ALLIGATOR PRBE 53A IS/0S 04/09 06/09 07/09 08/09 01/09 00/09 00/09 10/00 I HMY HUDSON BRCGE 77A 25/01 11/09 13/09

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MARKETING Tomorrow in Business Times