The Business Times, 15 August 1995

Microfilm: NL20016
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    12 1 SINGAPORE BusinessTimes WE KNOW ASIA MITA(P) 194/12/94 Tuesday August 15 1995 85*
    12 words
  • Article
    Lock icon Dow up 29.6 points
    69 1 -Reuter NEW YORK WaU Street stocks rose yesterday as a mild recovery in bond prices helped blue chips end a three-session losing streak and technology issues continued to attract buying interest. The Dow Jones index rose 29.59 points to 4,647.89 at 2 pm EDT. In the
    -Reuter  -  69 words
  • Article
    Untitled
    159 1 Stock mrirt tedicM Manday Ckuge Sni 2,064.09 -13.71 KLSEComp 1,048.25 -6.18 Nikkei 16,916.57 +124.23 Hans Sen« .8,924.27 -82.66 SET Index doted Jakarta Camp 515.93 -3.25 Manila Comp 2,877.36 3.19 Taipei WPI 4,503.37 -145.0 Seoul Comp 908.69 -1.34 Bombay BSE30 ..3,412.65 8.05 CLSA China B ***** -0.75 Auat AUOrd 2,118.0 -9.6
    159 words
  • Article, Illustration
    Lock icon Horiguchi general offer on the cards as M'sians buy founder's 43.9% stake
    550 1  -  By Lee Han Shih SINGAPORE Two Malaysian parties are buying a controlling stake in Horiguchi Engineering at a generous $1 a share, a move that will trigger a general offer for the Sesdaq-listed engineering service company if the
    Source: Bloomberg  -  550 words
  • Article, Illustration
    Lock icon L&M shares jump 53% after Kotjo's takeover offer
    341 1  -  Br R Sivanithy SINGAPORE Frenzied trading in the shares of the main board's latest takeover target L&M provided the market's main talking point yesterday, and stood in stark contrast to the relatively sedate showing of Yeo Hiap Seng, which is in the
    Source: Bloomberg  -  341 words
  • Article
    Retailers urge more planning as S'pore Sale fails to impress
    465 1  -  By Jenny Lam SINGAPORE This year's Great Singapore Sale has not been great, with most retailers interviewed by BT reporting sales growth lower than what they enjoyed in last year's sale. And looking back at the event, which ended two
    465 words
  • Article
    KL to cap foreign stakes in broking firms at 49%
    457 1  -  Opening up of industry from July 2000 limited under WTO accord Frtn Ho Kay Tat in KUALA LUMPUR FOREIGN brokerages hoping to be allowed trading seats on the Kuala Lumpur Stock Exchange (KLSE) will have to wait beyond the year
    457 words
  • Article
    HSBC surprises with 28% jump in interim earnings to £1.2b
    415 1  -  From Quak Hiang Whai in HONGKONG HONGKONG banks continued to spring pleasant earnings surprises yesterday, with London-based HSBC Holdings pic announcing an impressive 28 per cent jump in interim net profits to £1.2 billion (552.62 billion). HSBC's subsidiary Hongkongßank also
    415 words
  • Article
    KLSE to woo fund managers in 3 countries
    222 1  -  Bji Ho Kay Tat in Kuala Lumpur KUALA LUMPUR The Kuala Lumpur Stock Exchange (KLSE) is going on a three-city international roadshow to promote the Malaysian capital market. Kicking off the event this Friday, Deputy Prime Minister Anwar Ibrahim and economic adviser
    222 words
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      213 1 The World's First Vibration Reduction (VR) System For Enhanced Sliornnoss Nikon 700VR Zoom AF Compact Camera with 38-105 mm lens BEST BUY $599 Am «M» «W#l $120 (1 Nikon toryo multi-purpo*o jfc tM« wortk $85.1 Nikon Kf < R9 oril—l caw wortk $55) y Nikon Camera Centra Max Photo #03-10
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      29 1 Property: pg is Developers seek fortune far away KL raises controlled price of cement by 10%, Pg 6 Taipei stock market at lowest level since Dec *93, Pg 16
      29 words
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      42 1 Hock Lock Siew: pg n Boost for Tambang Timah IPO Hang Seng Bank: up 4.2%, Pg 19 Land use changes in offing Minister for National Development Lim Hng Kiang says restrictions on designated land use may be relaxed. Foil report, Pg 2
      42 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Foreign manufacturing commitment up
        313 2  -  By Chuang Peck Ming FOREIGN investment commitments in the manufacturing sector rose in the second quarter while local investments fell, according to the latest quarterly Economic Survey. The amount pledged by local investors dropped from $364 million in the first quarter to $278 million. But added
        Source: EDB  -  313 words
    • Article, Illustration
      Govt may sell 'white' sites that buyers can convert to other uses
      498 2  -  By Abdul Hadhi TO BRING government policy more in sync with market demand, the authorities are considering selling "white" sites which a buyer could convert to other land uses. Speaking yesterday after launching an Urban Redevelopment Authority (URA)
      498 words
    • Article
      Lock icon PAP has to be contented with 60% voter support: PM Goh
      439 2 Last election shows Singaporeans do not want a change of government The Straits Times JAKARTA Singaporeans do not want a change of government but the ruling People's Action Party has to be satisfied with support from around 60 per
      The Straits Times  -  439 words
    • Article
      HK buys Suntec space for trade, economic offices
      384 2  -  Frow Quak Hiang Whai in HONGKONG THE Hongkong government, which plans to open its economic and trade offices in Singapore and Australia in the next two months, has bought office space at Suntec City. Thomas Tso Man-tai, who will head the Singapore
      384 words
    • Article
      Lock icon President Ong and SM Lee to visit China
      90 2 AFP BEIJING Singapore President Ong Teng Cheong will visit China from Monday at the invitation of his counterpart Jiang Zemin, the Chinese Foreign Ministry announced yesterday. Mr Ong will be accompanied by Senior Minister Lee Kuan Yew, the Xinhua news agency said.
      AFP  -  90 words
    • Article
      Project financiers desert Hongkong for S'pore
      578 4  -  By Siow Li Sen PROJECT financiers have been quietly increasing their presence in Singapore in the last 12 months as they realise that being in the Republic could help them close more deals than if they are located in Hongkong, the traditional base. Project
      578 words
    • Article
      POSBank's group net surplus climbs 14.9% to $141 million
      360 4  -  By Shiv Taneja GOVERNMENT-OWNED POSBank yesterday reported a 14.9 per cent rise in its group net surplus for the year ended Dec 31, 1994. According to POSBank's latest annual report, the surplus totalled $141 million, up from $122.76 million previously. The
      360 words
    • Article
      Fake NEC memory chips found in South-east Asia; S'pore not affected
      389 4  -  By Lee Wai Leong NEC Corporation, one of the world's largest memory chip makers, said yesterday that it had discovered counterfeit memory products bearing its logo being sold in computers in South-east Asia, Taiwan and the US. In a
      389 words
    • Article
      8-digit numbers for mobile phones, pagers from Sep 1
      128 4 THE eight-digit numbering plan for all mobile phone and pager numbers takes effect at midnight on Sep I. Singapore Telecom yesterday reminded the public that mobile phones and pagers will have a digit 9 added in front of their existing numbers.
      128 words
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      80 2 Mthe market was as predictable. a v- -*+>■ ffr— *> *0" i i!ii 1 bm »ol i \link t* The Irev to success. ess in today's international financial ets takes quick and confident ions. But dazzling speed alone is rnough. A winning strategy also takes and stamina and the strength
      80 words
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      249 3 YOUR PRODUCTION, OFFICE AND DISTRIBUTION AT ONE LOCATION. S Introducing Alexandra Technopark. The fully integrated technology park that allows you to combine your manufacturing, research and development, marketing, distribution, administrative support and showroom facilities at one location. Strategically located along Alexandra Road, just off the Ayer Rajah Expressway, Alexandra Technopark
      249 words
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      405 4 RESTAURANT m ave you heard that Siamese Fins Is Swimming Down To Holland *'V V, J\ /Z^^x If you haven't, Read 0n... Siamese Fins Restaurant, the original Thai-Teochew restaurant renowned for her Superior Shark Fins soup is boiling down at Holland Village. From now to 31 August 1995, Siamese Fins
      405 words
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      55 4 SHOWER SCREEN KEEPS BATHROOM FLOORS CLEAN ft DRY I I II k J uJ Kbd fc-cH mm I Corner-entry ideal for small bathrooms No grooves on bottom trackseasy cleaning Frames anodised and powder-coated Panels polystyrene, mirror and tempered glass The system features perfectly water-tight seals Made to measure-any size Also
      55 words
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      128 4 SINCE 1964 H 1/2 hour Colour Print U E6 Slide Process H Canon Instant Colour Laser Copy/OHP (Only at Orchard Tower) l/C Instant Passport H Lamination W] IjjjjjH Available at ■I #81-15 Orchard Towers, Orchard Rd Tel: *****15 Hi #01 -07 Tanglin Shopping Centre Tel; *****45 I THE PROFESSIONAL LAB
      128 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Tenaga considers payment for blackout
      418 5 Power giant is upgrading Penang's power supply with 83 new substations Reuter KUALA LUMPUR Malaysia's beleaguered national power giant, Tenaga Nasional Bhd, already hit by the scrapping of a proposed rate increase, is studying the need to pay consumers for a massive blackout. Over the
      Reuter  -  418 words
    • Article
      Lock icon UN envoy urges Myanmar govt to hold dialogue with Suu Kyi
      259 5 AP YANGON An envoy of United Nations Secretary-Gen-eral Boutros Boutros-Ghali yesterday urged Myanmar's military government to begin a dialogue with dissident leader Aung San Suu Kyi, a diplomat said. Alvaro DeSoto, an assistant secretary-general, met Foreign Minister Ohn Gyaw
      AP  -  259 words
    • Article
      Lock icon Manila businesses oppose tax on workers' fringe benefits
      110 5 Reuter MANILA The Philippine Chamber of Commerce and Industry, the country's biggest business group, is opposed to a move by the government to impose a 30 per cent tax on employees' fringe benefits. It said yesterday the move would discourage employers from
      Reuter  -  110 words
    • Article
      Lock icon Bakun Dam won't meet M'sia's power needs: minister
      387 5 Reuter KUALA LUMPUR Malaysia's Energy Minister said yesterday that a giant hydroelectric dam which would clear a huge forest and displace thousands of people would still be inadequate to meet the nation's power needs on its own. "We are proceeding with it
      Reuter  -  387 words
    • Article
      Lock icon US sees higher food exports to M'sia
      80 5 Bernama KUALA LUMPUR US agricultural and food exports to Malaysia are expected to rise to US$4OO million (SSSS6 million) this year from US$25O million in 1994, US Foreign Agricultural Service Administrator August Schumacher said yesterday. The Pacific Rim has emerged as the largest
      Bernama  -  80 words
    • Article
      Lock icon Higher Philippine revenues for 1996
      101 5 Bernama MANILA The Philippines is aiming at generating some 417.2 billion pesos (5522.6 billion) in total revenues next year to support its infrastructure projects and interest payments. According to the Department of Finance yesterday, next year's projected revenues are about 12.8 per cent higher than
      Bernama  -  101 words
    • Article
      Lock icon KL campaigns to oust UN chief
      98 5 AP KUALA LUMPUR Malaysia has launched a campaign to oust United Nations Secretary-General Boutros Boutros-Ghali, blaming him for the continuing war in the former Yugoslavia, the foreign minister said yesterday. The government is holding consultations with more than 40 members of the Organisation of
      AP  -  98 words
    • Article
      Lock icon M'sia's industrial production index up
      80 5 AFP KUALA LUMPUR Malaysia's industrial production index rose 14.6 per cent from a year earlier to 204.3 points in the six months to June, the Department of Statistics said yesterday. The mining index rose 12 per cent to 141.2, manufacturing 14.9 per cent to 235.3
      AFP  -  80 words
    • Article
      Lock icon US Exim Bank may give tied aid to Manila
      103 5 AFP MANILA US Export-Import Bank officials met Philippine Finance Secretary Roberto de Ocampo yesterday to discuss a "tied aid" programme to make US exports competitive with those of other countries. The US government has expressed willingness to match "tied aid" offers
      AFP  -  103 words
    • Article
      Lock icon KL raises controlled price of cement by 10% to boost output
      508 6 MBT Bernama KUANTAN Finance Minister Anwar Ibrahim yesterday announced a 10 per cent increase in the controlled price of cement, with immediate effect, in a bid to get cement manufacturers to boost production. With this increase, the price of
      MBT; Bernama  -  508 words
    • Article
      Ramos leads team to Australia, NZ to promote investments
      369 6  -  Businessmen to be briefed on deregulation drive Fran Al Labita in MANILA PHILIPPINE President Fidel Ramos leaves today for an eight-day trade and investment promotion campaign to New Zealand and Australia. He will be accompanied by 120 Filipino businessmen, including representatives
      369 words
    • Article
      Lock icon Vietnam stops renewing tourist visas
      145 6 AP HANOI Vietnam, in a surprise move likely to inconvenience hundreds of travellers, has stopped renewing visas for foreign tourists. A US official said yesterday that Vietnamese immigration police will no longer issue visa extensions for tourists inside the country under a new rule that
      AP  -  145 words
    • Article
      Lock icon Indon private sector urged to curb offshore borrowing
      210 6 AFP JAKARTA Finance Minister Mar'ie Muhammad has warned Indonesia's private sector to curb ofTshore borrowing and instead seek funding from the domestic and foreign stock markets. The Kompas daily yesterday quoted Mr Muhammad as saying at a ceremony in Surabaya, east Java,
      AFP  -  210 words
    • Article, Illustration
      Lock icon Aussie envoy in Jakarta plays down flag incident
      340 6 AFP JAKARTA The Australian ambassador declined to apologise to demonstrators here yesterday for the burning of an Indonesian flag in Australia two weeks ago and claimed the relationship between the two countries was still "very strong" despite the incident. "I told them
      AFP  -  340 words
    • Article
      Lock icon Malaysia to fight graduation of goods under European GSP
      174 6 Bernama KUALA LUMPUR Malaysia will continue to fight against the graduation of certain goods under the Generalised System of Preferences (GSP), the deputy minister of international trade and industry said yesterday. Kerk Choo told reporters after opening the Malaysian Industrialisation Summit
      Bernama  -  174 words
    • Article
      Lock icon KL halts recruitment of Bangladeshi workers
      184 6 AP KUALA LUMPUR Malaysia has temporarily frozen the recruitment of Bangladeshi workers to investigate complaints that they are being exploited by employment agents. The Star newspaper yesterday quoted the country's immigration chief as saying the agents were reportedly extorting MsB,ooo (554,480) each from the
      AP  -  184 words
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      395 5 members the Comex H the impossible, living and working at an unprecedented 518 m the H surface the Mediterranean. During this eight-day mission, they relied on an extraordinary timethe Rolex Sea-Dweller. Part of what makes a Rolex Oyster so dependable is the design as as tons The Rolex further protected
      395 words
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      284 6 BhMP 13MMMH1WWI 13 14 September 1995 i ChemAsla/lnstrun e „,A».a9s Hall 3, World Trade Centre, Singapore I international conference 13 14 September 1995 > World Trade Centre, Singapore "Staying Ahead Through Integrated Information Please complete and fax to 339 5651. j Control Systems w Q p,ease send me more information
      284 words
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      194 6 I Four- Variety Cold Dish Five-Combination Cold Dub Cold Dub Deluxe HBKkWB Braised Shark's Fin witb Braised Shark's Fin Soup Braised Superior Shark's Fin Crab Meat Steamed Pomfret Roast Suckling Pig Deep Fried Duck witb Stuffing Deep Fried Duck witb Stuffing Steamed Pomfret Steamed Sea Bass Fisb Maw witb Mushroom
      194 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Chinese economy continues to cool as inflation falls, export growth slows
      527 7 NYT Bloomberg Business News SHANGHAI China's economy continued to cool in July with consumer price inflation dropping I.S percentage points and export growth slowing. Consumer prices rose 16.7 per cent year-on-year in July, down from 18.2 per cent in
      NYT; Bloomberg Business News  -  527 words
    • Article
      China's inflation rate likely to fall below 15%: HK broker
      415 7  -  By Teh Hooi Ling SINGAPORE China's inflation rate is likely to fall below IS per cent in the third quarter of this year and could drop into single-digit territory in the second half of 1996, says Hongkong-based Sun Hung Kai
      415 words
    • Article, Illustration
      Lock icon Space pressure
      50 7 AFP SHANGHAI A group of Shanghainese women relaxing on a footpath outside their homes yesterday amid sweltering summer heat. Housing is a problem in this eastern metropolis of 13 million people where per capita living space, often in shabby blocks with shared facilities, is only 4 square metres.
      AFP  -  50 words
    • Article
      Lock icon Beijing warns of dangerous rise in state spending
      163 7 AFP BEIJING China's state expenditure rose by an unacceptable level in the First half of 1995, Finance Minister Liu Zhongli said yesterday, warning of a "severe" burden on central government finances. The warning came after statistics published yesterday showed national expenditure in
      AFP  -  163 words
    • Article
      Lock icon Hot money circulating in China put at 300b yuan
      372 7 Speedy reforms urged to bring speculative capital within finance system Reuter BEIJING Some 200 billion yuan (5533.4 billion) to 300 billion yuan in unmonitored "hot money" is sloshing around China's nascent financial system, playing havoc with efforts to increase order, the
      Reuter  -  372 words
    • Article
      Lock icon Sun Hung Kai gets HK$4.7b loan for HK highway extension
      311 8 Bloomberg Business News HONGKONG A company controlled by developer Sun Hung Kai'Properties Ltd and IS banks signed a HKS4.7I billion (SSBSO million) project financing agreement for an extension to Hongkong's route 3 highway, Sun Hung Kai announced yesterday. The arrangers
      Bloomberg Business News  -  311 words
    • Article
      Lock icon Hopewell's third China road to be shorter than planned
      192 8 NYT HONGKONG Hopewell Holdings Ltd will build 58 km of road on the west side of the Pearl River delta, 52 km less than the length it originally planned. "We fed it is better to revise the route," said Alan Chan,
      NYT  -  192 words
    • Article
      Lock icon HK's democracy advocate applies for permit to visit China
      316 8 AFP HONGKONG Hongkong's best-known democracy advocate, Martin Lee, applied yesterday to visit China for the first time since the suppression of students' protests in 1989 in order to attend an all-Asian lawyers' conference. But it remained unclear whether China would grant
      AFP  -  316 words
    • Article
      Lock icon HK manufacturing prospects
      81 8 Bloomberg Business News HONGKONG Manufacturers could not decide among themselves how business will be in the second half of the year, with 39 per cent forecasting more orders year-on-year and 20 per cent predicting fewer. The Statistics Department yesterday said that among all manufacturing industries, about 40
      Bloomberg Business News  -  81 words
    • Article
      Lock icon Chinese grain output in danger
      70 8 AFP BEIJING Grain production could be seriously cut by the natural catastrophes that have struck across China this year. The official Economic Information daily yesterday said the annual production goal this year was set at 4SO million tonnes, but natural disasters had damaged at least
      AFP  -  70 words
    • Article
      Lock icon Taipei embezzlement case
      64 8 Bloomberg Business News CHANGHUA, Taiwan Government investigators yesterday said up to 25 people could be charged for their involvement in an alleged embezzlement scheme at the failed Fourth Credit Cooperative of Changhua. The afternoon China Times Express said investigators had interviewed more than 50 people and were
      Bloomberg Business News  -  64 words
    • Article
      Lock icon Shandong to build nuclear power plant
      65 8 Bloomberg Business News BEIJING East China's Shandong Province has won approval to build a 40 billion yuan (556.6 billion) nuclear power plant in 1998. The official China Daily yesterday said a feasibility study will be carried out to build the plant near the coastal
      Bloomberg Business News  -  65 words
    • Article
      Lock icon Sex, sales and censors in China's popular culture
      223 8 Bloomberg Business News BEIJING Investors considering a foray into China's booming popular culture industry might be heartened by the story of the China Culture Gazette, the official publication of the Ministry of Culture. In January, 1993, the magazine's editors noticed that readership
      Bloomberg Business News  -  223 words
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      88 7 fl 1 Flying is a vary personal expectance. Some like to sleep the time away. Others like the time to fly away while watching their latest favourite movie. Our SAS EuroCiass personal video player makes It movie time any time. So remember. ..BAS, your personal airline to Europe. JOT The
      88 words
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      135 8 A Must For All Investors! One whole market in one book! I Fill in the reply slip for a free sample report or view the book at your local bookstores listed below. Comprehensive ratios already calculated Earnings and rankings Easy comparison company performance Sector comparisons Latest audited information No Other
      135 words
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      Page 8 Advertisements Column 2
      6 8 China an insider's portrait, P| 13
      6 words
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      178 9 ■ii« K-: '«.fepav j/f |Mn| fei- i x jk Zsumto Recently, we were awarded a level of recognition no other property consultant Has receive&i The ISO 9001. As the first real estate consultant to receive the ISO 9001 award for property testimony of the excellence in skills and level of
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  • ASIA
    • Article, Illustration
      Lock icon Resurgent US dollar hits five-month high of 94.45 yen
      571 10  -  From Anthony Rowley in TOKYO THE US dollar briefly hit a five-month high of 94.45 yen in Tokyo yesterday before profit-taking reportedly led by Singapore-based Swiss operators pushed it back to around 93.7 by the close of Tokyo trading. More volatility
      Reuter  -  571 words
    • Article
      Lock icon India may export 100,000 cars by 2000
      198 10 Bernama-Xinhua NEW DELHI India is expected to export about 100,000 cars annually by the year 2000, with the Indo-Japanese joint venture Maruti continuing to dominate the export market. Press reports yesterday quoted a study by McGraw-Hill as saying that India would, in addition,
      Bernama-Xinhua  -  198 words
    • Article
      Lock icon Debts of Japan's bankrupt firms up 40%
      340 10 Rise in number of bankruptcies with large debts but fewer failures overall Reuter TOKYO Debt arising from Japan's bankruptcies in July totalled 483.18 billion yen (557.2 billion), up 39.8 per cent from a year earlier and up 35.6 per cent from the previous
      Reuter  -  340 words
    • Article
      Lock icon Aussie manufacturers see strong export growth: survey
      369 10 Bloomberg Business News SYDNEY Australian manufacturers are increasingly focussing on exports, with one in three expecting strong growth in the ratio of exports to domestic sales over the next three years, a new survey has found. The survey, by the Australian Chamber of
      Bloomberg Business News  -  369 words
    • Article
      Lock icon North frees Seoul ship and salvages rice aid
      174 10 Reuter SEOUL By releasing a South Korean rice ship and crew it was holding on spy charges, North Korea has rescued a food aid deal with Seoul. But diplomats and analysts said yesterday the episode has further strained ties between the two.
      Reuter  -  174 words
    • Article, Illustration
      Lock icon Killings mar Pakistan's anniversary joy
      53 10 Reuter ISLAMABAD Prime Minister Benazir Bhutto (left) at a ceremony here yesterday to mark Pakistan's 48th independence anniversary. A massacre of six people and the shooting of a navy sailor by a sniper at a military parade overshadowed the festivities. Ms Bhutto vowed to end
      Reuter  -  53 words
    • Article
      Lock icon Japan's July trade surplus down: poll
      93 10 Knight-Ridder TOKYO Japan's unadjusted customs-cleared trade surplus for July is likely to come in at US$ll.l billion (SSIS.4 billion), down from US$l2.3 billion in July 1994, according to a survey of economists conducted by Knight-Ridder Financial News. Forecasts for the July surplus by 11
      Knight-Ridder  -  93 words
    • Article
      Lock icon Indian state to approve power proposals
      90 10 Bloomberg Business News BOMBAY The government of India's Maharashtra state will approve several power proposals after scrapping a 695-megawatt power project by Enron Corp, the Economic Times reported yesterday. The state now needs power from other suppliers. It is most likely to approve a
      Bloomberg Business News  -  90 words
    • Article
      Lock icon India's inflation dips to two-year low
      79 10 AFP NEW DELHI India's annual rate of inflation fell to a twoyear low of 7.6 per cent at the end of July, the government said yesterday. The provisional inflation rate, measured on an index of wholesale prices, dipped to 7.6 per cent for the
      AFP  -  79 words
    • Article
      Lock icon Aussie unemployment expected to fall
      76 10 Reuter SYDNEY Australia's unemployment rate is likely to further improve over 1995/% but at a slower rate than in the previous 12 months, a survey of local economists has found. Australia has recorded rapid employment growth over recent years, and the unemployment rate has fallen
      Reuter  -  76 words
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      305 words
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  • FOCUS
    • Article, Illustration
      Labour shortage threatens to short-circuit semiconductor boom
      1356 11 Taiwan's chip makers TEN years ago, Taiwanese electronics companies were knocking together toys and radios. Today, they are leading suppliers of advanced computer and electronic components worldwide. The trend should continue thanks to the build-up of local technical expertise and a new wave
      1,356 words
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      246 11 11 I s SUN S€RV€R, RDDA/RrvllTFK3€.^^^'s|^-J ImkzM/e. r I *Ltg>V *STgI_LRR PRIVIL€G€Sif|^. fc ;ff^^^l ,4 ''a**'"'-; *'&<#'*" V "x *-"*>.f ;> V v > rof UNIX servers, now brings In fact, your first purchase already entitles you to free products cr services. I Vdd-Vantage I Lite In addition, you'll also
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      Page 11 Advertisements Column 2
      24 11 E This article is reprinted from the July 31 issue of Business Asia, a fortnightly management report by The Economist Intelligence Unit (Asia) Ltd
      24 words
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      917 12 Hi 11 I 11 i ruPTY-11 i'M -l^^XilLi-LliliU JE HBL »4U— *U* Jl. <*■*, J* -HttiiHWmOOIPWWM^CMPn E||Aa\ >• iwlllllfi wWTiWfWIf *1111 9ff -J a^iL J JhWL Jil /V x. .Im Just spend $500 and above wflhin 6 morths at any of our oudels to qualify lor our gold cod membership.
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      Page 12 Advertisements Column 2
      389 12 I WHERE TO WINE, DINE AND ENTERTAIN MORE THAN JUST SEAFOOD! I WF»H!i Besides live seafood, Singapore's largest outdoor seafood restaurant offers the Instant Asia Cultural Show at no extra charge! Available from 8 pm to 8.40 pm, Mondays to Fridays. SIRSp IRR (seafood restaurant 920 East Coast Parkway. Singapore
      389 words
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      Page 12 Advertisements Column 3
      317 12 Or 1 S?| r Heavenly Mooncakes 1 at Mandarin Singapore From 6th August till 9th September Savour this year's divine creation, the Shandong Mooncake. Traditional favourites like our famous Golden Ingots, snow skin mooncake and 7 stars with white lotus paste are also available. Win lots of valuable prizes in
      317 words
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  • LIFESTYLE
    • Article
      Lock icon China — an insider's portrait
      1054 13  - China an insider's portrait Richard Bernstein looks at a book by a remarkable writer who understands how China's struggles for greater freedom look to outsiders and how they look to the Chinese themselves Richard Bernstein NYT FOR quite a while in recent history the Chinese were more written about for
      NYT  -  1,054 words
    • Article, Illustration
      First cast your play — then write it
      502 13  - First cast your play then write it A bitter-sweet comedy on Singapore 30-year-olds had an unusual beginning, writes Susan Tsang Susan Tsang THE Necessary Stage generally known for issue-related drama is taking a new tack with its upcoming effort, Top Of The World. Playwright Haresh Sharma says of the play's
      502 words
    • Article, Illustration
      Lock icon The Baked Crusader
      55 13 AFP SYDNEY Australian culinary artist Margaret Grant sealing the lips of her giant Batman chocolate cake at Sweet Art bakery here yesterday. The Caped Crusader here is actually 40 kg of sponge cake layered with 27 kg of chocolate filling and covered by 20 kg of icing
      AFP  -  55 words
    • Article
      Lock icon Diana should know better: rugby star's wife
      268 13 AP AP AP THE WIFE of British rugby star Will Carting says Princess Diana should know by now that being friends yrith her husband would attract headlines. "This has happened to her before and you hope she won't do these things again, but
      AP  -  268 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1217 13 Frankenstein: The College Years, 8.30pm, IV 2 William Ragsdale and Larry Miller play two medical students take on a secret project. It yields monstrous results in this teenage horror romp. DelpWm With Behia Robin Williams looks at the graceful and intelligent sea Km mammal which evolved some 60 million years
      1,217 words
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  • Article
    Australia's place in Asia
    535 14 THE FIRST-EVER Asia-Europe summit is now in position. As the convenor, Asean has the right to decide the Asian line-up. And the consensus is that the Asian leaders for this inaugural summit will come from the Asean Seven plus Japan, China and South Korea. Unfortunately, the
    535 words
  • Article
    And justice for all
    301 14 ALL who believe in the fairness of the law will take heart from Chief Justice Yong Pung How's ruling that h is unsafe to convict a person of sexual offences where there is no independent evidence, though an exception can be made if the victim's evidence
    301 words
  • Article
    Choosing the right school
    150 14 CHOOSING the right school for children finishing the PSLE can be a headache for some parents. Many want to put their children in popular schools. Some still have the misconceived idea that putting their children into neighbourhood schools will mean their children may not fare well
    150 words
  • Article
    Settling disputes amicably
    228 14 A JOINT statement by China and the Philippines released at the end of two-day talks has emphasised that disputes in the South China Sea should be "settled by the countries directly concerned without prejudice to the freedom of navigation" in the area. The quarrel over the Spratlys
    228 words
  • Article
    Saddam's destabilising influence
    118 14 OBSERVERS, particularly in Iran, believe that Saddam's presidency will continue to pave the way for greater influence of unwanted forces, particularly the United States, in the region. They also believe that the economic and political situation in the region will deteriorate because of uncertainties in this strategically
    118 words
  • Article
    Clinton can save Yellowstone
    162 14 LATER this month, US President Clinton will vacation on a ranch near Jackson Hole, Wyoming. Here is a modest suggestion. The president should take a short flight in one of his military helicopters to the upper reaches of Henderson Mountain in Montana, just over the Wyoming
    162 words
  • Article
    Conditions ripe for change
    124 14 THE proposal by IFO, a leading German economic institute, to relax Germany's notoriously strict laws on shopping hours is far from the first call for such change. Until now, opposition from an influential alliance of trade unions and retailers has discouraged governments from grasping the nettle.
    124 words
  • Article, Illustration
    The big Aussie sell-off
    1066 14  -  Local institutions can learn from foreign investors' buying spree, writes Peter Lynch Peter Lynch The writer is a Sydney-based journalist who contributes to BT FIRST came the British, who made an "irresistible" A 54.5 billion (554.6 billion) offer to mop up locally owned shares in BTR
    1,066 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      696 14 SINGAPORE OIL WEEK 1995 The most important event in Asia's oil calendar, the Singapore Oil Week is hack September. The focal meeting point for more than 2,000 top level executives from Asia, Australia, Europe and the USA, Singapore Oil Week 1995 is a must for anyone in the oil, energy,
      696 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      55 14 NOT TOO DIFFICULT TCA SHE. STpkRTELD V fCs*vrpO ...U3e. HAVE f UL'VE. Hf\D Eut4 ON COLD V00!«iG L>Dy I Vs*OuJ6tfS 1 -m T.UUCS TfeMPS. X dl Igeße. 7 DOONESBURY GARRY TRUDEAU I/SJTeH! m*£U»c»i6 I II «cHAnsrS nine.new \\HOuftrr I can Uu«capmciby I \6IPf 7 UMNDOO9S )L UXXT M Reboot when
      55 words
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  • PROPERTY & COSTRUCTION
    • Article, Illustration
      Developers in disguise seek fortune far away
      747 15  -  TMproKRFY s: 'l COLUMN By Lee Han Shih WHAT do these locally listed companies Metro Holdings, Guthrie GTS, Tuan Sing and Lim Kah Ngam have in common? The answer they are "imposters". All of them are in the Stock Exchange of Singapore's "industrial
      747 words
    • Article, Illustration
      Sydney CBD apartments: it's a buyers' market
      405 15  -  Oversupply and falling demand will result in prices being discounted by up to 20% over the next two years, say analysts. Sunnder Singh reports from Sydney Surinder Singh Singaporeans thinking of buying an apartment in Sydney's CBD for investment purposes might do well
      405 words
    • Article, Illustration
      PROPERTYWATCH
      231 15 Selected transactions in the past week Date of Built In area/ Sale price e# transaction PfrMct Project Type land area (aq ft) Tenure (S$) PWVAT1 Aug 8 2057 Thomson Green Detached 3200/4200 FH 2.05m 488 Aug 8 05VI Westridge Walk Terrace "1~" 2600/2400 "T" FH 1.79m 746 Aug 10
      231 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      173 15 Investment For Sale by Tender Residential Site at Nos. 17 to 27 Butterworth Lane Freehold Located offTanjong Katong Road Near Paya Lebar MRT Station Site area approx 2,143.7 sq m Suitable for high-rise apartment development at maximum plot ratio of 2.8 Tender closes: Friday. 18 Aug 1995 at 3pm For
      173 words
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      Page 15 Advertisements Column 2
      10 15 iM/ytm AH iicws un j I 1 QOO*Q 12-0012 I
      10 words
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      Page 15 Advertisements Column 3
      267 15 PRIME DEVELOPMENT SITE AT J ALAN MUTIARA, OFF RIVER VALLEY RD D(1024) I Bcvwty r \W Lucky Spring X Towar Grow Polytechnic y*\ \JC\ y\ xv"* s v in Lot 757 TS24 Approved for 10 storey apartment Freehold block with basement carpark Development Guide Plan Provisions: Convenient to amenities Residential
      267 words
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  • Article, Illustration
    Lock icon Taipei stock market at lowest level since Dec '93
    571 16 Bloomberg Business News Knight-Ridder AFP TAIPEI Taiwan's benchmark stock index tumbled by more than 3 per cent yesterday to its lowest since December 1993, amid concerns that Tai-pei-Beijing ties were the principal target of missile tests China plans to launch today.
    Bloomberg Business News; Knight-Ridder; AFP  -  571 words
  • Article
    Lock icon Norway, Sweden developing common electricity exchange
    246 16 Reuter OSLO State electricity grid operators in Norway and Sweden are developing a pioneering trading exchange for a spot and futures electricity market common between the two countries. The exchange, the first of its type in the world, is scheduled to be in place
    Reuter  -  246 words
  • Article
    Lock icon UK making a case against Leeson as fallback to Singapore move
    454 16 Reuter LONDON Britain's Serious Fraud Office is preparing a criminal case against Nick Leeson, the securities trader who brought down Barings Bank, in case Singapore fails to get him extradited there, legal sources said yesterday. But the sources said
    Reuter  -  454 words
  • Article
    Lock icon Midland Bank's interim profit up at £527m
    92 16 UPI LONDON Britain's Midland Bank pic yesterday reported a rise in pre-tax profit for the six months to June 30 to £527 million (SS 1.16 billion) from £443 million a year ago. One of the biggest banks in Britain, Midland has been a
    UPI  -  92 words
  • Article
    Lock icon Warner's cinema aim
    97 16 AP LONDON Britons are spending more nights out at the movies, and Warner Bros hopes to cash in by investing millions in a bid to become the nation's biggest cinema operator. Warner Bros Theatres (UK) Ltd will spend about £187.5 million (Ss4l4 million) over the next two
    AP  -  97 words
  • Article, Illustration
    Deregulation now may send Japan's economy reeling
    725 16  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent THE Japanese as a people display many admirable qualities though the ability to foresee the wider consequences of their own actions is unfortunately not one of them. This means that
    725 words
  • Article
    Lock icon US inventories rose a slow 0.2% in June
    234 16 Bloomberg Business News WASHINGTON Stocks of unsold goods piled up at a slower pace in June as US businesses adjusted to weaker consumer demand for cars and other big-ticket goods. Sales also rose at a slower pace. lnrontories increased a smaller-than-expected 0.2
    Bloomberg Business News  -  234 words
  • Article
    Lock icon Windows 95 language versions in high demand
    203 16 Reuter SANDYFORD, Ireland Demand across Europe for local language versions of Microsoft Corp's new Windows 95 operating system is "well ahead" of expectations, the manager charged with its European manufacturing said. "The advance orders now...are well ahead of our projections," Microsoft Ireland general
    Reuter  -  203 words
  • Article
    Lock icon Final US-Japan car pact
    81 16 AP TOKYO A trade ministry official yesterday said that a final agreement on the vehicle trade with the United States will be reached sometime next week. Katsuhiro Nakagawa, director general of the trade minister's secretariat, said the essence of the agreement on car and car parts
    AP  -  81 words
  • Article
    Lock icon US Social Security sound
    98 16 Reuter WASHINGTON Treasury Secretary Robert Rubin has predicted that the US Social Security system would remain sound at least into the second half of the 21st century. v "I can report that Social Security is not only well-financed in the near term, but is projected to
    Reuter  -  98 words
  • Article
    Lock icon Fujitsu's UK plans
    76 16 Bloomberg Business News TOKYO Fujitsu Ltd may expand its semiconductor memory plant in the UK to produce more advanced chips in what would be the company's second major investment in chip making in less than a month. A spokesman yesterday said the company may build a new
    Bloomberg Business News  -  76 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      173 16 ryrrmmrmm ARTNERSHIP J*m FORGED BY UNDERSTANDING UE TECH PARK 51 SL MHMHtMwm romrucßsmuiY The Park% proximity to the mmm 12 passenger lifts PSA seaport means cheaper and 16 "drive-through" cargo lifts transportation and more efficient to all floors. regional distribution TECH PARK HI6UWUH6 aosirnxumnmnsaausmr Floor-to-floor A Close proximity to the
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      Page 16 Advertisements Column 2
      22 16 Distributor for Nitsuko Keyphone Systems A EPABX: StM€fApORE SINGAPORE COMMUNICATIONS EQUIPMENT CO PTE LTD Tot 270 7088 ■Every Call is A Commitment!
      22 words
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  • COMPANIES & MARKETS
    • Article
      Kotjo plans to expand ABR's consumer products activities
      266 17  -  By William Chia SINGAPORE Indonesian businessman Johannes Kotjo intends to use the presence of Sesdaq-listed restaurant operator ABR Holdings in Singapore, Malaysia and Brunei to expand his food and non-food consumer products business in the region. This was disclosed by Standard Chartered
      266 words
    • Article, Illustration
      Lock icon DBS shares rise on earnings good tidings
      430 17  -  Earnings INSIGHT Foreign tranche jumps 80 cents, local shares close 15 cents up By Shiv Taneja SINGAPORE In an otherwise sluggish stockmarket yesterday, DBS Bank shares rose on the back of stronger-than-expected half-time earnings announced over the weekend. DBS Bank's foreign tranche closed
      Source: Bloomberg  -  430 words
    • Article
      Nepline to make public offer of 4.9m shares
      241 17 KUALA LUMPUR Ship-ping-based Nepline Bhd, in which Singapore's Neptune Orient Lines Ltd (NOL) has a 22.5 per cent interest, is en route to a Second Board listing. It is making a public offer of 4.975 million shares of MSI.OO each at MJ2.70
      241 words
    • Article
      Khong Guan trims stake in Utd Malayan by 2.2%
      229 17 SINGAPORE Khong Guan Flour Milling, which reported disappointing results recently, has sold 2.2 per cent of its stake in United Malayan Flour Mills (UMFM) for a profit of $2.8 million. The sale of the 500,000 shares, at $6.23 each, reduced Khong
      229 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        50 17 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled Alliance, Barings, Credit Lyonnais Securities, Daiwa, Fraser, GK Goh, Kay Hian, Morgan Grenfell. One Co, Nomura, Phillip, Smith New Court, Wl Can and SG Warburg.
        50 words
      • Article, Illustration
        HOT STOCK
        106 17  -  -By Paul Leo START accumulating the shares of Hwa Hong Corporation. At yesterday's close of $2.13, it is near the end of a correction that began on July 5, from a high of $2.57. Both Relative Strength Indices and stochastics are oversold with the daily RSI showing a
        106 words
    • COMPANIES
      • Article
        Gadjah Tunggal to launch Indonesia's first unit trust
        394 18  -  From Maggie Ford in JAKARTA INDONESIA'S Gadjah Tunggal group is to launch the country's first unit trust, designed to boost local interest in the stock market, which is at present dominated by foreign investors. The 300 billion rupiah (SslB7 million) fund, to
        394 words
      • Article, Illustration
        Astra's 1st-half net income up by 58%
        442 18 JAKARTA Astra International, Indonesia's largest motor manufacturer, boosted net income by 58 per cent in the first half, by strong growth in its financial services division. Earnings jumped from 114.4 billion rupiah (5568.6 million) in the first six months of 1994 toMBI billion
        442 words
      • Article
        Lock icon Promet takes on US$360m Karachi highway project
        247 18 MBT KUALA LUMPUR Promet Bhd is setting up a company in Pakistan to undertake a US$36O million (SSSOO million) highway project in Karachi. Promet said that the construction of the Karachi Northern Bypass will meet the design standard published by the American Association
        MBT  -  247 words
      • Article
        Lock icon Berjaya Golf to acquire land in KL from IGB unit for M$106m
        293 18 MBT KUALA LUMPUR Berjaya Golf Resort Bhd proposes to acquire 13 pieces of land measuring 193,900 sq ft (18,000 sq m) along Jalan Tun Razak, Kuala Lumpur, from Elitebind Holdings Sdn Bhd for MS 106.6 million (5560.21 million).
        MBT  -  293 words
      • Article
        Sembawang Corp unit clinches $29m contract from PUB
        97 18 SINGAPORE Sembawang Projects Engineering (Sempec), a member of Sembawang Corp, has dinchod a $29 million contract from the Public Utilities Board. According to a company statement issued yesterday, the contract is for the development of a gas-holder station at Toh Tuck. Sempec
        97 words
      • Article
        Indonesia's Tambang Timah IPO will get boost from rising tin prices
        786 18  -  HOCK By William Chia SINGAPORE Investors are understandably wary of tin mining stocks as the metal's price has been extremely depressed in the past few years. After touching a peak of US$lO,OOO a tonne in 1989, tin prices went
        786 words
      • Article
        CityDev gets Viet consultancy service
        61 18 SINGAPORE City Developments Ltd has engaged the consultancy service of Vota Management, a firm active in advising businessmen investing in Vietnam. The fee involved initially was $5,000 monthly but it has been raised recently to $15,000. Vota, controlled by Han Vo-Ta, a CityDev director, is
        61 words
      • Article
        Singmarine unit wins $6m ferry deal
        63 18 SINGAPORE Aluminium Craft, a subsidiary of Singmarine Industries, has clinched a contract worth about $6 million for two monohulls. The contract is with Penguin Boat Services, one of Singapore's biggest ferry operators. The first vessel is a 27-metre ferry with a capacity for 150
        63 words
      • Article
        Material Handling director quits
        18 18 SINGAPORE Benny Teoh, a director of Sesdaq-listed Material Handling Engineering, has quit its board.
        18 words
      • Article
        Lock icon Approval, change for PJ Devt rights
        43 18 Bernama KUALA LUMPUR PJ Development Holdings Bhd's one-for-five rights issue of 37.23 million shares has been approved by the Securities Commission but at a revised issue price of MS 1.80 a share instead of M 52.20. Bemama
        Bernama  -  43 words
      • Article
        Lock icon FCW see pre-tax profit of M$27m
        54 18 Bernama KUALA LUMPUR FCW Holdings Bhd expects a consolidated pre-tax profit of M 527.36 million (S$ 15.32 million) for the year ending next June 30 after the completion of its bonus and rights issues, Commerce International Merchant Bankers said on its behalf in a
        Bernama  -  54 words
      • Article
        Lock icon Dai-Ichi accepts revised bond issue
        63 18 Bernama KUALA LUMPUR Dai-Ichi Industries Bhd has accepted the revised terms by the Securities Commission of its proposed bond issue and offer for sale of warrants. The bond issue approved by the SC is the issue of Ms2o million (Ssl 1.2 million) nominal •amount of
        Bernama  -  63 words
      • Article
        Untitled
        519 18 ■Mpn* ptoH (S) Ant IS Mentals Or Fund 1.02 1.05® Tnat US Or Fund 1.08 1.12* The Commctxr 1.5J 164 U01 Awt Mgt LM The Stnv PM I >48 1.57 United 1.43 IJO S-pore Prog Fund 062 066 Uafcood* 1.06 Ij0»5 Tport Sec Fand 0 91 0.97s* United Gr Fund!
        519 words
      • Article
        Hang Seng Bank disappoints with 4.2% interim earnings rise
        415 19  -  Fraa Quak Hiang Whai in HONGKONG HANG SENG BANK, Hongkong's second largest banking group, has reported a rise of only 4.2 per cent in interim group net earnings to HK53.24 billion (*****.49 million), making it the only bank here to perform
        415 words
      • Article
        Henderson Land plans a China property unit for separate listing
        296 19 HONGKONG Henderson Land Development is reportedly working with Credit Lyonnais Securities to spin off a wholly owned China property vehicle for a separate listing, on the bourse here, according to Eastern Express. The venture was envisioned in a USs46om (*****.4
        296 words
      • Article
        Lock icon TVE sells former studio site for HK$565m
        168 19 Bloomberg Business News HONGKONG TVE (Holdings) Ltd, formerly the parent of the territory's biggest broadcaster, yesterday said it sold the site of a former television studio for HK5565.38 million (S$ 101.99 million). TVE did not name the buyer. Until 1988, TVE owned Television
        Bloomberg Business News  -  168 words
      • Article
        Lock icon NZ's Fletcher Challenge aims to cash in on paper price upswing
        548 20 Forestiy firm buys Vancouver plant, plans to relocate it in Australia Reuter WELLINGTON Diversified New Zealand forestry firm Fletcher Challenge Ltd said yesterday it was investing US$3OO million (Ss4l7 million) on a new newsprint project in an effort to
        Reuter  -  548 words
      • Article
        Lock icon Glaxo-Wellcome eyes Canada's Biochem: analysts
        276 20 AP LONDON There seems to be no satisfying the voracious appetite of Glaxo-Wellcome pic, already the world's biggest drug-maker. Before its £9.4 billion (5520.58 billion) takeover of Wellcome pic was completed in May, the company was swallowing Netherlands-based drug developer Affymax NV at £341 million.
        AP  -  276 words
      • Article
        Lock icon Shanghai media challenges Japanese share purchase
        452 20 Reuter SHANGHAI Two Japanese companies confirmed yesterday their landmark purchase of shares in a Chinese listed company, but official newspapers challenged the legitimacy of the sale. Isuzu Motors Ltd and Itochu Corp said in a statement carried in official Chinese media they had jointly
        Reuter  -  452 words
      • Article, Illustration
        Lock icon 50 Japan firms primed for share buy-backs: BZW
        469 20 Knight-Ridder Reuter TOKYO Some 50 companies listed on the Tokyo Stock Exchange's first section are "strong candidates" for buying bade their own shares, according to a report by Barclays de Zoete Wedd (BZW) Securities (Japan). Since Japan amended its commercial code late
        Knight-Ridder; Reuter  -  469 words
      • Article
        Lock icon Wanted: Partner for A$1b pulp mill
        73 20 Reuter MELBOURNE The Tasmanian government said it is seeking a partner for Taiwan Pulp and Paper to build an Asl billion (S$ 1.03 billion) pulp mill in the Australian state. "There's been some interest shown in that (project) by some major companies," a Tasmanian
        Reuter  -  73 words
      • Article
        Lock icon ITN eyeing Reuters radio station
        67 20 Reuter LONDON Independent Television News (ITN) could be close to taking a 25 per cent stake in Reuters Holdings pic's radio station, London News Radio, according to the Sunday Telegraph newspaper. The paper said the move is likely to trigger a merger between Reuters' recently-established
        Reuter  -  67 words
      • Article
        Lock icon Yaohua Pilkington profit up by sliver
        70 20 Bloomberg Business News SHANGHAI Shanghai Yaohua Pilkington Glass Co said its first-half net profit rose just 0.1 per cent as stiff competition cut into profit margins. The float glass maker said its net profit was 142.54 million yuan (5523.8 million), up from 141.37 million
        Bloomberg Business News  -  70 words
      • Article
        Lock icon Process Automation shows profit
        79 20 Bloomberg Business News HONGKONG Electroplating machine manufacturer Process Automation (Holdings) Ltd said the booming electronics industry in the US, Taiwan and South-east Asia helped it to achieve a HK528.5 million (SSS.I million) net profit in the year ended March 31, 1995. The profit compares to a
        Bloomberg Business News  -  79 words
      • Article
        Lock icon NZ govt warns Telecom, Clear again
        67 20 Reuter WELLINGTON The government again warned Telecom Corp of New Zealand Ltd and Clear Communications Ltd to solve an interconnection dispute and invited discussions on government intervention options. The government said such options could be put in place by October. New Zealand has a
        Reuter  -  67 words
      • Article
        Lock icon Foreign stakes in Indian stocks up 84%
        80 20 AFP BOMBAY Foreign portfolio investments on the Indian stock markets were up by 84 per cent in July from June, according to the Securities and Exchange Board of India (Sebi). Net monthly investments by foreign institutional investments on the Indian bourses in July
        AFP  -  80 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon HK insurance body to crack down on unauthorised products
        375 21 SCMP HONGKONG The colony's Insurance Commissioner is planning a crackdown on the sale of unauthorised, offshore insurance products. It follows growing concerns that concessions allowing restricted use of specialist products could be used as a loopbole to avoid the territory's regulatory
        SCMP  -  375 words
      • Article, Illustration
        Lock icon Foreigners more active in HK futures trade
        242 21 Knight-Ridder HONGKONG Foreigners are accounting for a greater proportion of the trades on the Hongkong Futures Exchange this year than last year, a survey released by the exchange yesterday indicates. The survey, which drew responses from all 90 exchange members, shows that 23.3
        Knight-Ridder  -  242 words
      • Article
        Lock icon Daiwa's seizure of Bermuda fund's assets fazes industry
        291 21 Bloomberg Business News NEW YORK Daiwa America Corp's seizure of the assets of a Bermuda-based investment fund last month is sending tremors through the globalfund business. Daiwa America, a unit of one of Japan's Big Four securities firms, on July 24 seized
        Bloomberg Business News  -  291 words
      • Article
        Lock icon First Bank cuts prime rate to 7.75%
        74 21 Reuter TAIPEI First Commercial Bank, one of Taiwan's big three state-run banks, said in a statement it has cut its prime lending rate by 0.10 of a percentage point to 7.75 per cent from 7.85 per cent effective today. The bank will also
        Reuter  -  74 words
      • Article
        Lock icon Bank Negara borrows 6-month money for first time
        185 21 Reuter KUALA LUMPUR Malaysia's central bank, Bank Negara, yesterday borrowed six-month money for the first time under the current tender system, a move dealers said is aimed at supporting interbank rates. The move by Bank Negara helped push up six-month interbank rates
        Reuter  -  185 words
      • Article
        Lock icon Co-arranger sought for Guoco loan
        95 21 Reuter HONGKONG Arrangers Bayerische Landesbank Hongkong and BoT International are seeking a co-arranger group for a US$l2O million (SS 167.6 million) revolving credit/term loan facility for Guoco Group, bankers said. The five-year facility will be a revolving credit for two years and then a term
        Reuter  -  95 words
      • Article
        Lock icon Plan for loans to Chinese state firms
        65 21 Bloomberg Business News HONGKONG A bank jointly owned by Dah Sing Financial Holdings Ltd and the People's Construction Bank of China is seeking Chinese regulator approval to make loans to Chinese state-owned companies using assets as collateral, the Ming Pao Daily News reported.
        Bloomberg Business News  -  65 words
      • Article
        Lock icon Peregrine to launch its first unit trust retail fund in Hongkong
        308 21 SCMP HONGKONG A new force is about to enter the Hongkong unit trust retail fund market. Peregrine Asset Management (Hongkong) plans to launch its first retail mass-mar-ket investment fund next month the Peregrine Premier Asian Growth fund. Deputy managing
        SCMP  -  308 words
      • Article
        Lock icon Mayban Finance gets AA3 rating
        79 21 Bernama KUALA LUMPUR Mayban Finance Bhd has been assigned a long-term rating of AA3 and a short-term rating of PI by Rating Agency Malaysia Bhd. In a statement here yesterday, it said that financial institutions rated in this category demonstrated sound credit profile and were
        Bernama  -  79 words
      • Article
        Lock icon Pakistan seen as Malaysia's palm oil link to C Asia
        171 22 Reuter ISLAMABAD Pakistan could be a gateway for Malaysian palm oil exports to Central Asian republics, says the Malaysian High Commissioner in Islamabad. Rastam Muhammad Isa said on Sunday that officials of Pakistan and Malaysia had discussed cooperation in opening
        Reuter  -  171 words
      • Article
        Losses from Thai default doom RSS3 link futures
        580 22  -  By Siow Li Sen THE only active rubber futures contract traded over-the-counter in Singapore will not be revived following huge losses sustained by local dealers after Thai producers defaulted last year. The defaults estimated at thousands of tonnes of physical rubber and
        580 words
      • Article, Illustration
        Lock icon US monitoring grain export subsidies after surge in prices
        214 22 Reuter KUALA LUMPUR The United States is monitoring its grain export subsidy programme on a "day-to-day" basis following the recent surge in grain prices, according to Gus Schumacher, head of the Agriculture Department's foreign agricultural service. "With the extensive run-up in
        Reuter  -  214 words
      • Article
        Lock icon Bollworm ravages China's cotton crop
        266 22 Reuter HONGKONG A lack of knowledge about controlling bollworm infestation is largely responsible for turning China into the world's biggest buyer of raw cotton and decimating the country's textile industry, experts said. A 1993 crop of 3.76 million tonnes, against a record 6.25 million in
        Reuter  -  266 words
      • Article
        Lock icon Iraqi defections rattle Asian oil market
        406 22 Reuter SINGAPORE Crude oil prices in Asia fell yesterday on the possibility that the defection of cabinet members and relatives of Iraqi President Saddam Hussein could hasten the end of the United Nations oil embargo against Iraq. "Traders are reassessing the news and feel
        Reuter  -  406 words
      • Article
        Lock icon Oil companies hope for cold to provide comfort
        297 22 Reuter LONDON Falling temperatures and rising heating bills may be a long way from most people's minds at this time of year but struggling oil companies are already hoping for a cold winter to boost profits. Barring surprises at Opec's November meeting
        Reuter  -  297 words
      • Article
        Lock icon LONDON
        178 22 Reuter LONDON The dollar braked and stalled in morning Europe after slipping from sharply higher overnight levels, but traders said its bullish potential was intact. The dollar hit 1.4470 marks and 94.42 yen in Asian trading, before a wave of profit-taking dampened the market's ardour. Dealers and analysts predicted
        Reuter  -  178 words
      • Article, Illustration
        Untitled
        1116 22 Trade-weighted index calculated against S pur's lop 14 trading partners Box yew 198} US$/S$ forward rates Noon Aug 14 St By Oder 1-month ***** 1 3947 2-month ***** 1.3920 3-month 13*96 1.3911 6-month 1.3797 I.3SI7 Sotrcr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Ami m tag 14 Siagapore
        1,116 words
      • Article
        Lock icon NEW YORK
        84 22 AFP NEW YORK Profit-taking sent the US dollar slightly lower early yesterday in slack trading. Gold dipped SO cents to US$3B3 per ounce from late Friday's close. Just before 1400 GMT, the greenback was trading at 1.4340 German marks from 1.4390 late Friday and at 93.66 yen from
        AFP  -  84 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen firms following rebound in yen
        1298 23 Reuter SINGAPORE Simex Euroyen futures ended higher following the rebound in the yen, while Eurodollar futures were little changed. Dealers said trading was quiet, with most Japanese participants away on holidays this week. 'The market just drifted upwards mainly on short covering after the
        Reuter  -  1,298 words
      • Article
        Tokyo gold eases on yen's recovery
        695 23 COMMODITY RETORTS Gold TOKYO: Gold futures ended weaker after shedding some early gains, due to the yen's recovery against the dollar late in the day. Prices ranged from two to seven yen per gram lower, with benchmark June finishing down two yen at 1,152.
        695 words
      • Article
        India sells 50,000 tonnes sugar traders
        91 23 LONDON India's Sugar and General Export Import Corp was believed to have sold 50,000 tonnes of Sep 15-30 shipment white sugar at tender on Friday, traders here said yesterday. Confirmation of the sale was not immediate available, and some traders noted conflicting rumours in
        91 words
      • Article
        Sulawesi cocoa beans turn mouldy
        81 23 SINGAPORE Heavy and uiueasonal rains in Indonesia have recently turned cocoa beans mouldy, eroding their quality, Indonesian traders say. Indonesia traditionally has dry weather from May until August although sporadic rains do occur. But the torrential rains have ravaged Indonesia almost every day in the
        81 words
      • Article
        US coffee roastings down
        90 23 NEW YORK —US 1995 coffee roastings through > Aug S reached 9.72 million 60 kg bass, down from 9.97 million in the same period of 1994, according to data compiled by Complete Coffee Coverage. J Roastings for the week ended Aug S stood at 315,000 bags,
        90 words
      • Article
        Nippon Mining ups copper sales price
        53 23 TOKYO Japan's Nippon Mining and Metals Co 1! said it has raised the domestic sales price of electro- lytic copper cathode by 10,000 yen (SSI49) per a. tonne to 330,000 ven, effective yesterday. Nippon Mining and Metals is the recognized price leader for Japan's
        53 words
    • Article
      COMMODITY PRICES
      1382 23 SICOM Futures |W>»i cMag at at SJtpa) MS 1 Coafraat (S cents/kg) Ctae Volume Open Month High Low Sett (tonnes) Interest Sep 9J 112.50 I40.00 179.00 100 1330 Oct 174.50 174.50 176 50 325 1425 Nov 171.50 174.50 176.50 323 2023 Dec 174.50 174.50 174.50 323 2400 J
      1,382 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1001 24 -9.6 SHARES closed 0.5 per cent lower yesterday under the influence of what dealers said was a weaker resource sector and falls on Wall Street. "It's a pretty soft market precious metals and base metals were weak on Friday and Wall Street was lower, leaving us to do the
        1,001 words
      • Article
        Manila
        490 24 +3.91 Share prices rose 0.1 per cent, as selective buying of main issues lifted the bourse. "The market was up basically on the back of main liners like Petron and the Philippine National Bank," said an analyst. The PSE Composite Index rose 3.19 points, up 2,877.36. Turnover was 3.17
        490 words
      • Article
        Taipei
        491 24 -145.0 Shares finished 3.1 per cent lower on the eve of China's second missile exercise, with all eight major categories suffering losses. "Market participants are hesitating to increase stakes ahead of China's second missile exercise and in the aftermath of financial scandals," said an analyst, adding that investors expected
        491 words
      • Article
        Seoul
        369 24 -1.34 Stock prices edged lower in a tug of war between profit takers and bargain hunters. "The market made a positive mood in the earlier session, helped by rotational buying on large-capitalisation shares, but a late arbitrage selling force erased the gains," said a dealer. The Composite Price Index
        369 words
      • Article
        New Zealand
        306 24 -2.42 Shares closed easier on volume described by brokers as "reasonable" for a Monday. One broker said the tone of the market was fair, helped by the stabilisation of interest rates and the NZ dollar after Friday's tightening. "It feels like a market reluctant to go down," he
        306 words
      • Article
        Bombay
        68 24 +8.05 Shares finished firmer on late purchases after drifting through a light session. "The market was quite dull, everyone's still in a holiday mood," said a trader. Markets will be closed today for Independence Day. BSE officials say the exchange may also be shut on Friday for a Hindu
        68 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        1169 24 Britannia Fnads Stcrliag Cask BM OMtr Mia Cap Doom 3**400 31*500 Mia knn (jak 0 11*3 OilWJ MaMainw 0*200 0*00 USt Cask Ikmc PWi Fad MOO ******0 PSStam Faad 5 5400 5 5500 0.45*2 0 4*31 Fa Eat Fmmd *2 7450 *2 *7 JO MM INjrtfatao 2.0750 2.2430 UK Omtk
        1,169 words
      • Article
        London
        706 24 -26.1 EQUITIES ended a relatively quiet session mostly lower, dragged down by a weak bond market and a general lack of enthusiasm due to the summer holiday season, dealers and strategics said. "It's been a bit of a nothing day. A lot of people are still away on their
        706 words
      • Article
        Frankfurt
        230 24 -17.4 i German shares, still taking t trading cues from various other markets, are unlikely to fall much further in the f near-term and spend the t next sessions trading in a range, dealers said. The DAX Index closed lower in line with sharply weaker Bunds, but traders were
        230 words
      • Article
        Brussels
        205 24 -4.44 Belgian stocks were stuck around the middle of the session's narrow 10-point range late in a holidaythinned, soft share market. Shares were broadly easier in meagre volume. Dealers forecast more of the same for this week, which is shortened today's public holiday here. Mark-downs usually mark the period
        205 words
      • Article
        Amsterdam
        249 24 •1.02 Dutch stocks fell, led down St consumer goods maker nilever, as a rise in bond yields refueled worries about corporate earnings. The EOE Index closed 1.02 points lower at 457.98, its lowest close in almost two weeks, as concern was compounded by a dollar which retreated after last
        249 words
      • Article
        Stockholm
        126 24 -16.85 Swedish stocks edged lower in quiet trade, and brokers blamed the prolonged summer holiday season for the continuing lull in activity. Asea jumped 11 crowns 637 in the wake of its strong six-month results posted on Friday. "If Asea is representative, we should expect good results from the
        126 words
      • Article
        Zurich
        223 24 -12.9 Swiss shares ended lower despite a firmer dollar as prices continued to slide in the afternoon. "If it hadn't been for the dollar, the situation would be even worse," a dealer said. Volumes were low except in a few shares. Thge blue chip SMI Index slipped 12.9 points
        223 words
      • Article
        Johannesburg
        344 24 -12.7 South African shares ended easier in quiet trade amid low interest after disappointing performances from key markets and metals. Dealers said an anticipated recovery for key in- dust rials after local declines on Friday failed to materialise after Wall Street and London share falls and weakness in key
        344 words
      • Article
        Toronto
        186 24 -1.20 Stocks slipped in early trading with moderate loses in most sector offsetting strong gains in consumer products. The TSE 300 Composite Index eased 1.20 points to 4,587.20 on volume of 4.0 million shares valued at C 541.5 million. Declining stocks outnumbered advances 149 to 110, with 177 issues
        186 words
      • Article
        New York
        173 24 17.26 Stock prices turned moderately higher in light trading as the market mounted a technical bounce after a two-week decline. The Dow Jones Industrial Average, which dropped 25.36 points on Friday, was ahead 17.26 to 4,635.56 at 1 lam EDT. The key barometer was off 1.76 shortly after
        173 words
    • Article, Illustration
      Lock icon HONGKONG
      2464 25 Bloomberg Business News HONGKONG Stocks fell for an eighth day, pushing the Hang Seng Index below 8,900 points for the first time since May, as investors braced for earnings from the territory's biggest banks. HSBC Holdings fell as much as 2.2 per cent ahead the release of its six-month
      Bloomberg Business News; Source: Bridge Info  -  2,464 words
    • Article, Illustration
      Lock icon CHINA
      550 25 CLSA IN Hongkong, the H share index tost 17.59 points at 1,075.49 on turnover of HKJIO.4 million. Yizhcng Chemical and Shanghai Petrochemical were most actively traded, with Yizhcng rebounding 1.2 per cent and the latter plunging 4.3 per cent. Trading in Shanghai B shares was stow, with only US$2.5
      CLSA  -  550 words
    • Article, Illustration
      Lock icon TOKYO
      2479 25 Bloomberg Business News TOKYO Stocks rose, led by construction shares, amid optimism a higher dollar and more Kblic works spending would ost the economy. The Nikkei Average climbed as high as 17,004 its first rise above 17,000 since Aug 3 before slipping back to 16,916.57, up 124.23 points on
      Bloomberg Business News; Source: Bridge Info  -  2,479 words
    • Article, Illustration
      Lock icon JAKARTA
      1138 25 Reuter JAKARTA Share prices closed lower on modest volume, with local speculators seen taking profit quickly following any small gain in blue chips on a lack of fresh market incentives. The Composite Index fell 3.2S points to 515.93. Blue chip Astra International topped the active list with some 2.9
      Reuter; Source: Bridge Info  -  1,138 words
    • Article
      CLOB INTERNATIONAL
      2228 26 Gt Gr IMS Laat Vai Day UatQMt Dt> Mi YM NO MO* High Lw Caapaay Sate CM) Hi* U. k|« Sato CVr P'E Sail MALAYSIAN STOCKS 47* 196 ABB 50c 422 -6 1*5 432 420 41* 422 10 -2.9 02 432.1 127 77.5 m AMDS 30c 100 -3
      2,228 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares fall as investors bid down blue chips
        6707 26 Bloomberg Business News KUALA LUMPUR Stocks fell for the fifth time in six days, led by expectations that cable manufacturer Leader Universal Holdings will report disappointing firsthalf results later this week, analysts said, leader fell 40 sen to M 58.15, with 2.4
        Bloomberg Business News; Source: Bridge Info  -  6,707 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8476 27 Gr Cr M Wl NH Last Vd Dnj La* Quale Dt» IW» YM Net Cap Aj High Lh CiBjiij Sak C*M) High Law Bare* SeBet Or P/E tail Priee ubihi and rn—urinal 498 382 in. t Acma 50c 454 unch 9 4* 4» 4J1 4» 22 53 15 9 5
        8,476 words
      • Article, Illustration
        Lock icon DBS results fail to spark rally as forced selling emerges
        1791 28  -  By R Sivanithy SINGAPORE The better-than-expected earnings report from DBS Bank failed to spark a recovery in blue chips yesterday, when second-liners also ended lower as forced selling emerged and speculative interest dried up. The only talking point was near-frenzied
        Charts by Bridge Info; Source: Bloomberg  -  1,791 words
  • Page 17 Advertisements
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      274 17 hud hrnkkdl+mimmsimm* wbtfMMOOba* braacfa m 4 ATMs mSßbi wortMl I 19ERHH1 %Hock Lock Siew is on Pg 18 > You've got the hardware, all the latest 1 m Because ultimately, how well your network will run depends software programmes and miles of cable. TlUlUl COfflpilTol IKIWOIK entirely on how familiar
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      158 17 NEWS VALUE Horiguchi general offer on the cards as M'sians buy founder's 43.95% stake (pg I) A close call as to whether the $1 price will provide a floor or a ceiling. KL to cap foreign stakes in broking firms at 49% (pg I) Unlikely to excite foreign brokers, who
      158 words
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      540 18 it (Incorporated in the Republic of Singapore) ANNOUNCEMENT CAPITAL DISTRIBUTION TO SHAREHOLDERS NOTICE OF BOOKS CLOSURE DATE AND ISSUE OF NEW SHARE CERTIFICATES The Directors of Rothmans Industries Limited ("the Company" or "RIL") wish to announce that the Circular to shareholders dated 15 August 1995 setting out' details of the
      540 words
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      Page 18 Advertisements Column 2
      89 18 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      89 words
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      90 19 4W^9 BKw**'' r* .X*i ,kr v' -v k W l/W J Y-' V^^Ja (We even make your bottom comfortable.) Garuda Indonesia Executive Class. Direct from Singapore to 16 cities jQ| i.SPS :^IH»M«!^MHBH^SHi^^fIHs^ around the world. With time-saving city ]jH| check-ins and convenient connections. F > 3gpf^-/ff.v?. f,fW 4JI ll^^l^HHHHP''. I
      90 words
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      Page 19 Advertisements Column 2
      1119 19 BUSINESS TIMES I INFORMATICS HOUNNO* LTD (Incorporated In the Ftepubic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the TWUAIi Annual General Meeting of HOLDINGS LTD wB ißilnm Parti, Slngapora > »2b M'ttondayTn Saptanbir IMS at 10.Ma.*, to transact the foflowing business: ORDINARY RESOLUTIONS 1. To
      1,119 words
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      500 20 EBBffßfra WlV"*l»ii;(lSK DBS Fa^^^2^S^33oEE unt es to cosh Venturing overseas? Scheme, your 'ash-fcrinvoice 1 financing Would you like instant cosh lor your be lor os little as 3.5% p.a.\ invoices and let someone else assume We also help to cut your administrative the responsibility for bad debts? work, cost time
      500 words
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      Page 20 Advertisements Column 2
      422 20 REVISED OFFER PRICE FOR YEO HIAP SENG LIMITED O ORCHARD PARADE HOLDINGS LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Directors of Orchard Parade Holdings Limited ("OPHL" or the "Company") announce that its wholly-owned subsidiary Jelco Properties Re Ltd ("Jelco" or "Offeror") has purchased from the market on 11
      422 words
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      Page 21 Advertisements Column 1
      286 21 FLY ANA AND YOUR i LUGGAGE WONT BE THE ONLY THING YOU'LL PICK UP You could pick up a free economy class seat (a ticket, actually) and other fantastic on your next flight, or use it to bring someone along. Or you can choose from the follow-1 premiums as well
      286 words
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      117 22 u^^J^SMm^ammSiuimiMmamw/mKKKKtK^KtM^i PRIME FREEHOLD RESIDENTIAL DEVELOPMENT SITE m mW**V9Wm 1 iiiiWllrilll 1 inll WFm W **9**o9 ggrg Large land area of 27,855 sq ft Potential residential plot ratio of 2.8,30 storeys j&\ Ideal for high rise apartment development Sy \mm Freehold title Sr Proximity to Orchard Rd/CBD/Newton MRT station r u
      117 words
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      Page 22 Advertisements Column 2
      13 22 I To crack the or Wizard's Qk-Games on at 30 cents a minute.
      13 words
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      67 23 CHANGI SOUTH AVIATION DISTRIZONE 12 mins drive to the Air Cargo Terminals •From B*soo to 86,400 sq ft Hoor loading of 20KN/sq m Selling height of 26ft Covered container docks with levellers lifls <rf3 jig 8(jjl 24-hr security TOP February 1996 |M|r CHEONG KOON SENG HIS TEL: *****20 EXT 18
      67 words
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      Page 23 Advertisements Column 2
      20 23 As and when the latest London/ Rotterdam prices are not available, the previoas trading day's closing figures are carried Instead.
      20 words
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      141 24 E55» SS mmm JETES d|H| fl|BHw ELECTRONIC AIR CLEANERS, USA. —Ml SUPREME 2000 (Ceiling Un«) A CACIOOO (CeiNng Unit) at-1300 a fm 1000 (CoßngUrtt/ A FM 500 E IRION*. Eledronic Air Oeonen improve Indoor Air Quolityby Rush Mounted) (2*X2* CeWngUn*/ removing up to 95% of invisible dust and pollutonts like
      141 words
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      149 25 Because we are Inked to the computer systems of the Stock Exchange w m 111 T of Singapore you can track any price movements In your stock shares Wfj I I ADC IN fTIINTDni and make timely decisions anytime, anywhere. The Stock Page Classic 1 W M\W< 1 i\Vy t
      149 words
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      Page 27 Advertisements Column 1
      36 27 In a world of haves and have-nots, it's clear JP automatically adjusts to every contour with its I highly-responsive system of 150 diamond-honed cutting comes with deluxe soft travel case and mirror Another pr«mi«r line _MMMiBMB^HH■■MHHHMMHHH■MHHH
      36 words
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      Page 28 Advertisements Column 1
      62 28 This announcement appears as a matter of record only. August 1995 REPUBLIC HOTELS RESORTS LIMITED (Incorporated in the Republic of Singapore) *****,000,000 PRINCIPAL AMOUNT OF 2.5 PER CENT. UNSECURED BONDS DUE 2000 WITH I 57,215,372 DETACHABLE WARRANTS TO SUBSCRIBE FOR NEW SHARES OF Ssl.oo EACH IN THE CAPITAL OF REPUBLIC
      62 words
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      Page 28 Advertisements Column 2
      278 28 TOLL-?RB^BI^N^I^BCTn-ia^^^AX?74l-125e IN THE MATTER OF THE COMPANIES ACT, CAP. 91 AND IN THE MATTER OF SUNTERRA EXPORT PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, (Cap. 50) that the FINAL, MEETING of the Members of the abovenamed company will
      278 words
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      Page 28 Advertisements Column 3
      642 28 ffhipapof Closing Share PrkM 14/08/19*6 oom mmi low mom tM OIMI OM O.MS KEn j-- i« im MI IJI mfllli™ MMMIIMMW ObVTS 140 037 IM JM#M IMHIt MmMi M OJM (JM OJN OJM Pubtished by Jardme Romng International Secunbes United (Incorporated in Bntwh Wgin Island) IN THC MATTER OF THE
      642 words
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      Page 28 Advertisements Column 4
      298 28 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 80 ANO IN THE MATTER OF UNTTEO CITY MERCHANTS (8) PTE LTD (tN UQUWATION) Extract of tha Minutes of an Extraordtaary Ganaral Maatlng aignad by tha RapraaantatNa of Holding Company rateting to Pracaadinga of Subsidiary Company pursuant to Sacbon 170(8) of tha
      298 words
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  • BusinessTimes ShippingTimes
    • Article
      Lock icon DAILY FREIGHT
      511 29 Knight-Ridder Reuter RATES for Panamax fixtures in the Atlantic and Far East continued to drive world dry bulk cargo markets, with interest also sighted for grain shipments to China, shipbrokers said. "The (Panamax) market's been pushing itself up quite nicely. It's pretty active," one broker said. "The Atlantic
      Knight-Ridder; Reuter  -  511 words
    • Article
      RCL expanding services to northern Chinese ports
      498 29  -  From Alan Boyd in BANGKOK REGIONAL Container Lines (Thailand) is opening up new routes in the north China Sea after launching a successful debut service between Xiamen and Hongkong. The feeder company, which made its name on the Bang-kok-Singapore container run, expects China
      498 words
    • Article, Illustration
      Lock icon Floating school
      58 29 Photo by Chris Loh SINGAPORE The Japanese training ship Kaiwo Maru was in Singapore last week on a port call. The 35-masted vessel which is operated by Japan's Ministry of Transport carries 98 naval cadets. The Kaiwo Maru was built by Sumitomo Heavy Industries in Uraga and launched
      Photo by Chris Loh  -  58 words
    • Article
      MARITIME STOCKS
      323 29 SES WO Aug 14 S$ Vol CWT Distribution 1.62 -0.03 26 Chuan Hup Holdings 1.20 -0.02 55 Cosco Investment 1.99 -0.02 55 Far East Levingston 6.10 +0.05 533 GB Holdings Ltd 0.82 unch 1 Hai Sun Hup Group 0.875 -0.015 1023 Hitachi Zosen Sing 0.99 -0.01 77 IMC
      323 words
    • Article
      Lock icon Penang, Klang West keen to invest in India
      138 29 Bernama-Xinhua NEW DELHI Representatives of two Malaysian ports have approached India with proposals to participate in the development of India's port sector with the investment of about 10,000 million rupees (US$42O million), official sources said here yesterday. Penang Port and Klang West
      Bernama-Xinhua  -  138 words
    • Article
      Owners, crew deliberately grounded ship: Court of Appeal
      372 29  -  This is a fortnightly column that highlights important shipping court cases By Selva Kumar THE ENGLISH Court of Appeal recently overturned a lower court's finding in a marine insurance case and decided that the owners and crew of a ship had deliberately
      372 words
    • Article
      Singmarine clinches $6m deal to build 2 monohulls
      253 29 SINGAPORE Singmarine Industries subsidiary has clinched a $6 million contract to build two monohulls. Singmarine said yesterday the jobs were for Singapore ferry operator Penguin Boat Services. The first vessel a 27 m ferry able to carry 150 passengers is scheduled for
      253 words
    • Article, Illustration
      Lock icon Faltering Eurotunnel feels the heat
      629 30  -  Poor sales, intense competition and disrupted services worry investors. Andrea Rothman reports Andrea Rothman Bloomberg Business News WHEN Eurotunnel's cochairmen held a press con&retice "m'April to «discu« «tfa> company's fate, a statement outlining its dire situation. -"In 1995 we may succeed or>e may fail," said
      Bloomberg Business News  -  629 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      325 30 Page •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrenkiel 4 •Appenship 4 Astro 10 Austral 11 Avant 6 BSA II Batamindo 7 Bnght Express 6 •CCNI 4 •CM A II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho
      325 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10355 36 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed by the ETA at the destination. The page number refers to the location of the schedule advertisement A Adilalda 19AM 1<VOO P&O MAJAPAHIT 11S 5 22AM 13/09
      10,355 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        650 41 Voy Hi Bwth fcrhral Departue Jutmc Port (BT) Putra Atad 2 6/95 J1 alongside 15.08/1300 (ST) Wma 1/95 J1 alongside 15.08/1100 EUtam Mah N219 J2 alongsrfe 15 08/2300 Hom Phat 1/95 J3 alongsde 15.08/0500 tan Jaya 33/95 110 alongside 15.08/1900 Km Be 12 ata*side 15.08/2300 tando 08/05/95
        650 words
      • Article
        CONTAINER SCHEDULES
        1479 41 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Record Boakiit/Baiance fcfe Ship <oy W» Eft/Wr NrtoJ From It Fram to Lavender 001* 15/1800 IB 14/1500 14/1659 14/1900 to Uac 047B 15/1500 1A 14/1500 14/1659 14/1900 Ac, swan 183A 16/0200 IB 14/1500 14/1659 14/1900 2B 14/1700 15/0659 15/0900 3
        1,479 words
      • Article
        COCKETT BUNKER MARKET REPORT
        790 41 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        790 words
    • Air & Land Transport News
      • Article
        Lock icon Senai airport investing M$100m to upgrade facilities
        386 42 MBT KUALA LUMPUR The Sultan Ismail Airport in Senai, Johor Baru will invest Msloo million (S$56.S million) on an expansion programme to reaffirm its position as the premier airport in the south of the peninsular. The redevelopment project will be carried out over
        MBT  -  386 words
      • Article
        Lock icon Honda to fit anti-lock brake, airbags as standard
        237 42 Reuter TOKYO Honda Motor Co Ltd plans to introduce driver and front passenger-side airbags and anti-lock brake systems (ABS) as standard equipment in the Japanese market by the end of 2000, a Honda spokesman said. Honda will install the safety devices for
        Reuter  -  237 words
      • Article
        Lock icon Airbus and MAS to draw up joint training courses for widebody jets
        185 42 Bernama KUALA LUMPUR Malaysia Airlines and Airbus Industrie have agreed to develop joint training services for the A 330 and A 340 airplanes at the Malaysia Airlines Academy here. According to the July issue of Airbus Industrie Asian
        Bernama  -  185 words
      • Article
        Lock icon MAS won't cut fares to gain market share
        195 42 Reuter KUALA LUMPUR Malaysian Airline System Bhd (MAS) will not cut its fares to capture a larger slice of inter- national traffic, said its chairman Tajudin Ramli. He told the New Straits Times newspaper in an interview that the carrier would be
        Reuter  -  195 words
      • Article
        Lock icon Families mark 10th year of JAL crash
        197 42 NYT UENO VILLXG& Japan Families of marked the 10th anniversary of a 1985 Jap£T*"Airtin«!B jet crash Mount Osuski.'4*ith observances last Satthesite' where the 520 passengers and crew died and in the nearby village of Ueno. About 230 people from 70 families gathered in
        NYT  -  197 words
      • Article, Illustration
        Hyundai to launch Lantra in Australia
        59 42 SINGAPORE Cycle Carriage's motor associate Hyundai Automotive Distributors Australia (Hada) will host the World Distributor and Media Launch of the new Lantra (above) next month. Hada is the top selling independent Hyundai distributor in the world. Australia was chosen from among several countries by
        59 words
      • Article
        Lock icon German regional airline Interot Airways signs cargo deal with BA
        226 42 Reuter FRANKFURT German regional airline Interot Airways GmbH said it has signed an air cargo co-operation deal with British Airways pic. BA will' market capacity on Interot services through its global sales system and it will also take over cargo
        Reuter  -  226 words
      • Article
        Lock icon No change in Guangzhou subway's schedule
        229 42 Reuter BEIJING Guangzhou mayor Li Ziliu has dismissed rumours that building of a subway in the booming southern city may be delayed, saying funding problems would be solved, Xinhua news agency said. Construction of the subway in Guangzhou, capital of Guangdong province, will not
        Reuter  -  229 words
      • Article
        Lock icon Perth to spend A$570m to extend railway to suburbs
        244 42 Reuter PERTH The Western Australian government said it will spend Ass7o million (SSS7O million) on a 74 km extension of Perth's suburban railway system to Mandurah, a satellite city to the south of the state. Contracts are yet to be called
        Reuter  -  244 words
      • Article
        Lock icon American Airlines in 6-year pact with union
        255 42 Bloomberg Business News FORT WORTH, Texas American Airlines Inc and the Transport Workers Union reached a tentative agreement on a six-year pact, which includes a temporary wage-scale freeze and an early retirement package. The settlement with the 27,000-member union marks another step by
        Bloomberg Business News  -  255 words
      • Article
        Sita to sell Worldmaster Tour System
        105 42 SINGAPORE Communications Group Sita has signed an agreement with Worldmaster Marketing to market the Worldmaster Tour System. The Worldmaster system offers airlines, tour operators and travel bureaus an integrated tour solution for the management of reservations, inventory and accounting. AT present the Worldmaster system
        105 words
      • Article
        Lock icon Air Canada to cut 900 jobs
        157 42 Bloomberg Business News MONTREAL Air Canada Corp posted a second-quarter loss and said it plans to eliminate 900 jobs and take other action to reduce costs by Cslso million (Sslso million). Canada's largest air carrier, which has been boosting spending to start up US-Can-ada
        Bloomberg Business News  -  157 words
      • Article
        Lock icon Taiwan to get help to upgrade jets
        121 42 AP TAIPEI Northrop Grumman Cop, a Los Angeles-based defence contractor, is considering a joint venture to help upgrade Taiwan's aging F-5 jet fighters, officials said yesterday. Company vice-president William James will sign a letter of intent with Taiwan's Economics Ministry on Thursday to
        AP  -  121 words
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        Lock icon Crash jet in Irian Jaya found
        138 42 UPI JAKARTA Rescue workers in Indonesia's Irian Jaya province found the site of a plane crash but the fate of the 10 people on board was not immediately known, officials said yesterday. The Bouraq Airlines Hawker Siddeley HS-748 plane disappeared last Wednesday in a
        UPI  -  138 words
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        Lock icon Thai jetliner hit by air turbulence
        54 42 AP HONGKONG A Thai Airways MD-11 jet carrying 235 people was rocked by air turbulence yesterday while flying to Hongkong from Bangkok, the government reported. A spokeswoman said 45 people were taken to hospital after flight TG32 landed at Hongkong airport but there were
        AP  -  54 words
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        AIRCRAFT ARRIVALS & DEPARTURES
        1389 42 AIRCRAFT ARRIVALS DEPARTURES CM* ho ro nm nt Ma MMi GA974 0020 GA882 2310 MWl Qf061 1930 QF082 2056 2120 GA897 1306 GA974 0020 KL837 1450 KL844 0110 SQ327 1630 KL838 2300 SQ026 2355 Mm SQ348 2250 krnHmti NZ073 1545 SQ288 2045 SQ286 2040 NZ074 2340 B Sari Km 9421
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  • Page 29 Advertisements
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      26 29 BELIZE HONDURAS PANAMA REGISTER OF SHIPPING PTE LTD For registration of vessels, survey issue of Technical Certificates on behalf of maritime authorities of Belize, Honduras Panama
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      16 29 Faltering Eurotunnel feels the heat: Page 2 Senai airport investing Msloom to upgrade facilities: Back Page
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      440 29 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 Pis see Pa 3 for schedule i Shipping: 2000 and Beyond 13-14 September 1995 Raffles City Convention Centre, Westin Stamford Westin Plaza Singapore With the central theme "2000 and Beyond" the APSCO '95 Conference will provide an insight to the current status
      440 words
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      1385 30 BULLETIN BOARD L 1 Euromoney to hold course on ship finance Hapag-Uoyd's Spore4>ased_ A w difdctof The course is organised by Euromoney Legal Training, a specialist drviswr of the Euromoney Institute of Finance. It will cover financing and debt servicing 1 :In line with its strategy of decentralising methods, mortgage
      1,385 words
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      Page 30 Advertisements Column 2
      212 30 Lines and services represented b 1 Members ot the Registry of Accredited AjßVft Shipping Agents, Singapore National Shipping Association. for advertising enquiries, contact Shipping Times. Tel 740-2089/740-2090 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday Business Times Jg gy/jy t "|]J jlln?!! kMIK
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      922 31 j WHOLESALE CENTRE, BLOCK 1, #03-10 SINGAPORE 0511 OOOKINQ/KNQUNtIKS CH NO: 109W*****W TEL: 77M2SS (12 LINES) FAX: *****16/*****25 TLX: *****20/250SS FSSNIP vtssa vot smeu sum DcsnunoN AG& 11/»5 21/ M 23/01 FWU/ma*AN6 NB DUX I 10/15 24/00 25/ M K)«TU**J(A*TFFI SUN FLORA 11/15 24/01 24/ M BBQIU/HWHG AGa 11/15 21/
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      Page 31 Advertisements Column 2
      1410 31 PACIFIC SOUTH WIST EXPRESS (DIRECT) Ivesa voy sum lawra l uxlow |<n 1— coi I hou wrc wot \m k[\w*n waiwM t&A 17/ M I 11/00 1 02/W I OS/W I M/W I 07/W I 07/W M/W N/W 10/W 12/W mMMMeipff MA I M/N I 25/ M I 10/W I
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      Page 31 Advertisements Column 3
      700 31 ©HANJIN SHIPPING —«a M|* PgMi 1 Itv I [Kpavßsa wr pi pßffl GESSI ■B m IZJL-SELZLUgIw/g Um Hygmgyj ;w jflj .ugjat MMMnpwi >M M/M MKT I U/IT I I It/W 1 MMMMH »/a HJMWNM jg tt/W g/a B/jt_ ZmmSSS tat™ mm hi/a ami mn oya umm «u_ mzil JStfl fiZIL
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      679 32 resa m m tw in tE. .uiiONi. tmm m hm uo m> sm iok m IB mToT ~H7T nn vn wi »V* 22/1 24/1 3i/i a/» Mtm S 3t =1= dE 3E=H==£= Jb 3C ft: Jt=3:3: BMW 31/43? It/1 10/1 ~T/I iv» IV» V* 7/> I )!/> Ufl I I
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      Page 32 Advertisements Column 2
      1137 32 I NORASIA VESSEL VOY SM ALO LAS BCL VAL MAM Mi ROT ANT FEL LHA MMAMHEL 8524 17M MM MM MM M MM 11M HM «M MM MM SI mot S33W MM 11M 11M MM 17M 17M MM MM MM MM Ml SI VALUE SS«W SMSS tMMS tMW Z3MS MMS
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      Page 32 Advertisements Column 3
      487 32 JAPAN/HONQKONO/STRAITS REGULAR MRWQ|| LOADING FOR PORT KLANQ/PENANO* Jj vcssa voy itom psuoam pkg fw WTO U «U» MPT THBT" 000 o*o6o MPT -y-g COMTTY M I»*w AIM HBJQA I WWW UMW tZMM SELECT* H 74AU6 »AU6 M "IW BALTIA J MAIM MOW wMmmuairo n haim PKHNHT M 27MM MAM YAYASANTUJUH
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      1151 33 POl STRAITS SHIPPING PTE LTD Mas 10 Iss CMaafl Ra* «1141 Isposl Tavrscs fIE JKM Sla«ap«n 0208 Tsl: *****00 Fax: *****17 i NEW OUtNIA PACIFIC UNI 1,1 igpSßp (a service of china navigation coi out SAILS JOINTS HOK VMS Mm. tt. life IMIAa» llAaa Htaf rnimßMi i«f» iw. C7WMM mm
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      Page 33 Advertisements Column 2
      2153 33 IK!!!* PftlA rintltjl 1 YIAftC P&cTcontainen (Singapore Agencies) Pte Ltd \JVIIMUIIwKO Hoc Ckioag Road, 007-01 Kcppel Towers, Stngapore 0208 First Class Connections WORLDWIDE jaia m ksmsm pnocsp 21s 5327/122 nn LK > umber *****9 IUUUUZ. mipoiKr F" VIMIL VOV TUO %KO MM SOU AMY HOT HAM OOT Ml UN yggn
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      1122 34 V J I I __A f M I i I f l k 1 M4■l•l I k iJIMLi M I I I B ■nmnn HWSES^I MP UN HI HN TV IHV I UW THP ROM ANW HM ML MP I i. RENOWN RW-SII 11* M U 1M IM tM t.
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      630 34 P6BBWW<WSERWCe gg^^^^ ■vmti wysop x 5 *5j 55 Mi MT Ml ■imcnmt mmmm turn mm mi mm m mm <£« ■umcmmm iwow nm mm mm am mm mm mm ptTRAUA OC«JW JIM 11M HW WW ■uMOONCBn MMtn Mi IMB IMB 17M IMI IMB WW I AFRX>SERVICt JUT" lum Hwrvßt n
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      470 34 HI IiBIIIKUWWEAOCWCga (8) PTE LTOa*. UTEL 2X***** (12 UNES) *2J FAX: *****18/*****03 TELEX: RS ***** MMW (3 Un—t CR NO: **********0E ACCEPTING FCL AND CONVENTIONAL j Voy «TA |ln<^» Abyot ————.—SSSaJiiSBS—Z —r' Abbay Wonz 4SWB a/11 Mrwnha—, OpbOUM A—to.M—w HKIEN HUNG LINE 1 FULLY CONTAINERISED REGULAR LINER tf«VICE ACCEPTING BOTH
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      1785 35 o*o^Nfinraxtza VIA b §MitMi ipF tlmmmmmfm fl|Mf)/ Imft f#/ (§oMof§j\ HffMf Afo9€f $9Jt COSTAR SHIPPING PTC LTD %<%&&&!- n%£Zi o^n^-cggjamr^ c»»»rmSmm fZttum" 9 $m o&SStu i^tiawt gp»*>»*yg* »cjt mcctu MMMomct ftr inuu fu: mim m ur ho: m-mmm-x cost am Moctet miiwim. im. »i-MMittnsi fu iT-ttum V rtMHvVOwa "BT wo
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      Page 35 Advertisements Column 2
      469 35 (fc FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) m n —wm nfW .9 I < I DIRECT SERVICr i To t i XINGANG 11 r i. ETD SIN: 17/8/95 t 4 t CONTACT: SYLVIA/KEN SIM HOT LINE: *****33 (30 LINES) jj I P
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      1010 38 llvfOTfl VOY WW JKT [VESSEL VOY SM £fW_J^M 1 «7S WHIS 1 OUWUWW i 1» TMiljF Jhu_ Jgg_ M |VCTBC. VOY WN ICK 0000 EASY* 08« Frl ]M| Tin 22/08 B.MMDU* SO2S Thu _2S Ift/0 HATHA BHUM WW Tu> lln Pt 81 I 2168 81 I«AM Tu> 22AM o°"° 21*!
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      Page 38 Advertisements Column 2
      759 38 79 ANSON ROAD, §21-01, SINOAPORK 0207 CP **********0N ■TIWTOSIIUTTUINBWIOB PORT KLAWQ PgWAWO vtssa w wa. rasa I nor I i ra SEA LAUREL 414N 1708 THU IMM FBI DRAGON WAS 45N I 1708 SAT 21 AW MOW EAGLE MOON 097 A 17AM THU 1906 SAT LHOTSE 5047 I 17Q8THU *****&
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      600 39 bsa ii M MYANMA VBBBk FIVE STAR UNE (HyflMMr NfltkMl Um) Lm<h for YnfM (Ifwl vissa win n» m kh SAUJUA 1W SU NPA-AN 212W bPI MUYIIA AGENTS: KNBTUO SMPPM6 AGENCIES ok m 02-03-*****00 KL m 02-63-37*0101 i rife TH 02-64-2****** Nfc TH 02-07-*****21/4 IMA NIGERIAN NATIONAL fKP SHIPPING LINE
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      Page 39 Advertisements Column 2
      910 39 ADVANCE CONTAINER UNES (PTE) LTD A I 100 CacN Strwt, #12-00, PIL BuNdhig, Skigspom 0106 Li TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********QE IS VBMB. fNK M Z Yt3Sm VPT SMIM I 14AM md W/M Sa af Mfcd WWW WOW 14/ M mi afll H nm
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      Page 39 Advertisements Column 3
      734 39 |c« WO: *****—0000Z vessbjs "vov mn lehawre hambubo tiiAAACsroRT rotteroam Aimer VU£OEIMtm SKW WDB Ml >*0608 QHGR CM* WO* <W WIfVMMA AIOMV MW 12*» '1W WW *7*oB VULCOUVDRA HWW 3MB tB*» 21*08 r 24*8 2MB VILEDELYRA" Yiaii OW 2B« 2M» 3VOB o i 01/10 A 'JliP I IwnJH »mTrr«r*t-^mP ALSO
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      701 40 AFGHANISTAN MAM Afghanistan Ltd., ■MH ■MH Hairatan, Torghundi, Isiamqaia (Doqharun) MWMdWWm C.1.5./RUSSIA: AJma Ata. Ashkhabad. Baku. Dushanbe, I MiiHzer A Munch Irkutsk. Khabarovsk. Krasnoyarsk. Korsakov, Moscow, ESmnrtniud lYinimrrkirn Novosobirsk, Sochi, Tashkent. Tbrtrsi, Vladivostok. Vostochny Mongolia: Ulaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA ALSO
      701 words
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      Page 40 Advertisements Column 2
      816 40 wV/AiJ pßwlaSwSr SiSmaw iuw>«w»w P.KBumtmmmKn jicr:<ti)dMtiorMDtt*i)S44itt aaNPUMfcgguoMM I ASIA HKG/TWH/BKKI GENOA/EUROPE I m m m m m 5! L 7? 25 ********** WrMus 2w l 28/8 29/8 HKC/BKH/KEEKHH 2MB 22/8 23/B RgCEivme TP: JPN/KOREA/MANILA I 12/8 17/8 18/8 SHANGHAI/DALIAN iiriyiwimywiwim XIAMEN/B€UING Manila/Cabu 16/8 17/8 18/8 Tokyo/Osa/Yoko 18/8 19/8 20/8 AUSTRALIA/NEW
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      269 40 SOUTHERN AFRICA SERWM DIRECT MONTHLY ftjQS Vissa H Si n n DIM CT ARIA V 122 SU) SID SID 19/08 25/08 02/09 'Also calls E.L It P.E. MALAYSIA AGfIfTST PORT KHANG TG. MAN TH: *****00' TH:34R2tB SIM AGENTS: KOTAUUIAUJ lAMRU IB: *****7 TH: *****6 (FOREST PRODUCTS SERVICE) EUROPE SERVICE TAW
      269 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      130 41 REGIONAL WEATHER LEGEND: R Th.-wW.orm Temperature c A r jna f4,orm Weather Wind <*rechon with speed in knots v Shower f J Rom Wove height Cloudy Sky Surface winds are indicated by arrows winch fly with the wind One ful circle represents colm or light ond variable winds 1 One
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