The Business Times, 7 December 1995

Microfilm: NL20503
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 194/12/94 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, DECEMBER 7,1995
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  • Article
    MARKET SUMMARY
    71 1 §ni 2464.43 (-14.05) n BTOOMP mm M40L24 (-4.32) PI BT-MGA mm M97JI (-0.90) Q MARKET MOOD; STOCK MABPETUDKIB Wednesday ttuu*e KLSE COUP 996 76 +411 NIKKEI 19,067.86 188.33 BANG SENG .9.897.89 -76.48 SET INDEX 1.27UJ +21.31 JAKARTA COMP 496.23 -0.56 MANILA OOMP .2*72.16 +20 59 TAIPEI WP! 4,*****
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  • Article
    FINANCE
    68 1 exchaubbiateb us» st ua uis 1 IMS 1181 DM IM AJ87 ¥M0 UK 1.S9S MS IJM 1.667 HKS 61S9 JlUS MOT UN IM WHAMM 0.044. .0.M8 raUIATB SINGAPORE* lii KUALA LUMPUR UKAXTA 17.50 BANGKOK 1,75 MANILA 15 of HONGKONG j'oo TAIPEI goo SYDNEY 10.75 TOKYO *ao HWJL _«jo ZURICH-
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  • Article, Illustration
    Major Asian equity markets looking up again
    583 1  -  After two tough years, region's stocks have reached attractive levels, say fond managers By\ Siow Li Sen [SINGAPORE] Some of the major Asian equity markets, excluding Japan, are starting to look attractive after a twoyear sell-off, two fund managers said here yesterday at
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  • Article, Illustration
    Indon trade minister dismissed in major Cabinet reshuffle
    493 1  -  From. Maggie Ford in Jakarta PRESIDENT Suharto yesterday dropped the trade minister from the Cabinet in a major regrouping to improve economic policy coordination. State secretary Moerdiono announced that Yudono Satrio Budiardjo is to step down as Minister of Trade, while the
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  • Article, Illustration
    Pan-El payout on the way at last
    323 1  -  Bank creditors tipped to get 19 cents in the delta after 10-year wait By( Catherine Ong [SINGAPORE] Ten years after the collapse of Pan-Electric Industries, the company's bank creditors are Anally getting some of their money back but not a lot. Sources say
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  • Article
    Scare over forged Genting scrip overblown
    420 1  -  Only 189 certificates of 1 9 000 shares each were fonnd to be forged, says director From, Ruth Wong in Kuala Lumpur THE SCARE over forged Genting Bhd share certificates appears to have been exaggerated. Investigations have revealed that there are only 189 forged
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      Page 1 Advertisements Column 1
      123 1 ■MB House Hunt Property transactions for districts 9 and 10 from Oct 9. Plus, flyover blues in Holland Road, P®4 A showcase of mostly whacky shoes created by people who didn't really make than for walking, P|lo MBW8TAWJB tnispg. The chorus is building up by die day, and selfin recent
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      15 1 Asian equity markets to surge: Salomon,Pg 18 Fklling bond yields underpin Wall St, Pg 21
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      Page 1 Advertisements Column 3
      265 1 HP offers you a choice of great PC/Printer combinations for as low as $2,2991 From now till 31 December 1995, three of Y| Mtftft r HPs beat PC§ come complete with HP printers oxiSPh' MflHl at really low prices. The kind of HP printer BUP«voa H m D d«play lpt
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  • SINGAPORE AT HOME & ABROAD
    • Article
      S'pore banks' bid to woo M'sian tellers stymied by boom
      376 2  -  Shortage of front-line service staff prompts offers of attractive salaries, bonuses and perks By\ Soh Tiang Keng SINGAPORE banks have been aggressively recruiting staff from across the Causeway to man front-line operations but the response rate has been hit by
      376 words
    • Article
      En bloc sales this year rake in $400m
      593 2  -  High prices of new prime etudes likely to sastain demand for sachsftec Colliers By\ Michelle Low COLLECTIVE or en bloc sales fetched over $400 million this year, said Colliers Jardine in its latest report on the residential property market And with new
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    • Article
      URA club, car centre land for tender
      322 2  -  By I Shiv Taneja THE Urban Redevelopment Authority (URA) yesterday launched two land parcels for sale by public tender one for redevelopment as a recreation club and the other for an all-in-one car sales centre. Both the land parcels are offered on 30-year
      322 words
    • Article
      Balmoral Court up for en bloc sale
      231 2  -  By] Lilian Ang BALMORAL Court, an old four-storey apartment block in Balmoral Road, has been put up for sale by tender. The en bloc exercise handled by property firm Knight Frank Cheong Hock Chye and Baillieu could net $40 million or more for
      231 words
    • Article
      Smithkline Beecham to retrench 250 staff
      123 2 UK-BASED pharmaceuticals giant Smithkline Beecham will lay off about 250 workers when it closes part of its antibiotic manufacturing facility in Singapore. The company said yesterday that it would "concentrate its Singapore penicillin production resources on primary (bulk) oral antibiotics". Secondary production will be
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    • Article, Illustration
      Lock icon Tax-cut stimulus on the cards: UBS
      326 2  -  EYE ON THE ECONOMY Outlook By. Anna Teo A FISCAL boost is in store next year to moderate an expected decline in economic growth, says ÜBS Singapore. But the scope for increased government spending is limited by the relatively small size of the public
      Source:; BCRUZ  -  326 words
    • NEWS Roundup
      • Article
        Shopping scene a click away
        77 2 INTERNET users around the world can now key in to Singapore's shopping scene with the launch of The Straits Times Christmas Shopping yesterday. It features nine of Singapore's popular shopping destinations. These can be found at the main URL: http://www.aaial.com.sg/shopping. The participating stores are Cokl
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      • Article
        New plan for shipping industry
        71 2 THE Federation of Aaean Shipowners Aaaociatkm (Fasa) revealed a plan to protect and promote the industry, after its annual general meeting here yesterday. Fasa will make recommendations to Aaean governments on shipping policy, cooperate with national, regional and international shipping organisations and raise public awareness
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      • Article
        Sichuan delegation due today
        68 2 AlO-MEMBER delegation from Sichuan will be in 3m)ip»fcft<om today till Dec 12 to attend the second meetagjtf the Singapore-Sichuan Working Committee (BS#C>. Lecl by Sichuan's assistant governor Xu Zhongmin, it comprises high-level officials from Sichuan economic agencies. They were invited by Koo Tsai Kee, parliamentary secretary
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      • Article
        Projects to boost use of PCs in schools
        94 2 THE Ministry of Education is collaborating with the "jfc National Computer Board in two pilot projects to enhance the use of computers in schools, Education Minister Lee Yock Suan said at the International Conference on Computers in Education 1995 yesterday. The two
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    • Article
      For Germans
      302 3  -  AT THE BAR Rodyk A Davidson starts desk to help German clients doing business In region By Diana Oon SINGAPORE'S oldest law firm, Rodyk Davidson, has recently set up a desk to service German clients doing business in Singapore and the region. The German desk established with the
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    • Article
      Public gets access to land titles via computer linkup
      99 3 THE Registry of Land Tides Deeds has come up with a system that allows the pubUc to get information on property here via a computer. Stars, or Singapore Titles Automated Registration System, was implemented last week in three districts in the
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    • Article, Illustration
      NZ open to repurchase agreement with S'pore
      322 3  -  NZ central bank does not intend to intervene in markets, says governor By Vikram Khanna NEW Zealand is willing to sign a bond repurchase agreement with Singapore if approached, said Reserve Bank of New Zealand Governor Donald Brash yesterday. Under such a bilateral
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    • Article, Illustration
      Lock icon SPH to spend $175m on four colour presses
      115 3 SINGAPORE Press Holdings group general manager (newspaper services and Chinese newspapers) Chew Keng Juea (left) receiving a scaled-down model of Rockwell's Colorliner printing press yesterday from Richard Kordas, Rockwell Graphic Systems marketing administration and services manager. SPH will spend some $175 million
      ALPHONSO CHAN  -  115 words
    • Article
      S'pore, Israel plan marketing centres, US$2m R&D fund
      323 3  -  Move will foster joint-venture opportunities, technology exchange Ang Wan May SINGAPORE and Israel are setting up two marketing centres and a US$2 million (552.82 million) R&D fund to further business relations, an Israeli embassy official said yesterday. The marketing centres one in
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      89 2 Tlit/ i& jir. a y w ..y Ml fi? fSr- l~ ■IKiiP I I s^'? HEpll i >.. y ri^' f <s* JH V V* aOUTIQUIS CENTREPOINT 101 30 TEI 737 4509 PARAGON BY SOGO 101 19 TEI 734 9935 CORNERS :TA K A HIM AYA S C METRO PARAGON
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      Page 2 Advertisements Column 2
      97 2 COLLECTIVE SALE PRIME RESIDENTIAL LAND 15 BALMORAL ROAD Prime location in good class j residential district 5 X Freehold Title s 7 DGP plot ratio of 1.6, up to 10 storeys Land area: 37,890 sq ft (Approx) If Excellent accessibility and proximity to Jj( reputable schools Tender Closes: 9 Jan
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      114 2 MBA iuster Of business mmnstratim Ranked top in the UK Universities League by "Times"survey. ROGRAMME STRUCTURE 18-month programme Directed by the University's faculty lOGRAMME FOCUS Continuous professional development Opportunity to integrate and apply theories to workplace activities "Todays" managers necessary tool for successful management Call: 227 1411 nancing from: 1
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon Holland Rd's flyover blues
      784 4  -  Massive roadworks block prices of affected properties near Holland/Farrer/Queensway junction By' Tan Su Yen [SINGAPORE] THERE is a part of Holland Road that residents have wryly dubbed the "war zone". This is the junction of Holland Road, Farrer Road and Queensway where massive roadworks are underway.
      CHRIS LOH  -  784 words
    • Article
      House Hunt
      1028 4 Property transactions for districts 9 and 10 from 9 Oct, 1995 Project name/ Prop Contract Tenure Built-in/ Price Pet Street name type date land area* unit (sqft) (SffOOO) (S$) District 09 Non-Landed Cairnhill Court Apt 2<W)et FH 2324 1920 826 Cairnhill Court Apt 2frOct FH 2324 1920 826
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      248 4 For Ur Spoctol YuleHde Delights j zjjfj(l% Wine And Dine In/The Moortl/gfrk /k ||j 4 n M I >^ c Splendour JA J >/( For A Waltzing Good Time! (r \j \(i I Dlvo Into MttftanuiiMui exotica this Christmasl toast *1 J CO I on thm finest 3-courso Moditorranwan fuWn#
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      131 4 Our l/r JU-UL^r^r--10 Ta./^ioo<i' CLtcJcl^ *~TOi*xH*> a* 1 l—CKh±A5 r 7ojsjLo^»* aSI '"TgojLO OSI 'fat* 2- "fr*. aft^Aj. J U)eM lUs<+ 's Tcjt>JU>cr', *JUoLL S-ovya h> few J. 4 <*S T«a SZTZOI2. With a worldwide team of 125 multi-disciplined professionals and a network of international offices, OCRA provides confidential and
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      820 5 m v'~' 1 —i I jjfev »i.,k 6 t THE METROPOLITAN MUSEUM OF ART r #''jSßfc3P ■< -w- NEW YORK &T*gr s '■it- „£r*%*- -v* sERr- >\- 't f\,% i V The Metropolitan Museum of Art shops were established to stimulate interest in the Museum's collections by offering art-related a
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Daim tells Dr M he wants to quit govt, Umno posts
      359 6 KUALA LUMPUR HeplanBtofocnson expanding private sector's areas of investment abroad New Straits Times FORMER Finance Minister Daim Zainuddin said he had told the Prime Minister of his desire to step down as economic adviser to the government and Umno
      New Straits Times  -  359 words
    • Article
      Lock icon Price accord seen as positive for timber firms
      255 6 KUALA LUMPUR Bloomberg Business News MALAYSIAN and Indonesian timber stocks rose after the two countries' plywood associations signed an accord setting a minimum sales price for exported plywood. In Kuala Lumpur, Lingui Developments Bhd rose as much as 43 sen to M
      Bloomberg Business News  -  255 words
    • Article, Illustration
      Lock icon A better-dressed Hanoi in store
      67 6 [HANOI] Women choosing winter clothes on sale in front of Hanoi's Thang Long Garment Export Company yesterday. The output of the Vietnamese garment industry has raised significantly in the past years as it has found new markets in Asia and western Europe. A small part
      AFP  -  67 words
    • Article
      KL to develop satellite television park
      305 6  -  HONGKONG Mssom initial investment to become a regional hnb By < Quak Hiang Whai MALAYSIA is jumping on the regional broadcasting bandwagon with plans to develop a MSSO million (5527.8 million) satellite television park for transmission facilities. Speaking to reporters at the Cable and
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    • Article
      Lock icon UK military presence to stay
      113 6 LANGKAWI, Malaysia Bernama THE United Kingdom will still maintain its military presence in the region even after the handover of Hongkong to China in 1997, its Defence Minister James Arbuthnot said yesterday. "The fact that we are withdrawing from Hongkong does not in any way
      Bernama  -  113 words
    • Article
      Lock icon Philippine economy seen sustaining growth
      316 6 MANILA Reuter THE Philippine economy is expected to sustain its present rate of growth despite destabilising factors which could derail its bid to be a newly industrialised economy by the turn of the century, economists said yesterday. Gross national product should grow by 7 per
      Reuter  -  316 words
    • Article
      Lock icon Hopewell chief to meet Thai govt
      363 7 BANGKOK Reasons for delay in building a mass transit system te be discussed AFX-Asia HOPEWELL Holdings Ltd chairman Gordon Wu will attend talks today with the State Railway of Thailand (SRT) on delays in the construction of a mass transit system, an SRT spokesman
      AFX-Asia  -  363 words
    • Article
      Lock icon Asean to display its human face more prominently
      235 7 BANGKOK The Straits Times ASEAN has agreed to take concrete steps to emphasise the human face and social dimension of the grouping, said a senior official from the Thai Foreign Ministry yesterday. Sukhum Rasmidatta, direc-tor-general of the ministry's Department of Asean Affairs,
      The Straits Times  -  235 words
    • Article
      Lock icon Public sector research may get M$1b boost
      248 7 KUALA LUMPUR Science adviser calls fir supremacy in niche areas Bernama THE government is seeking a Msl billion (***** million) boost for public sector research and development under the Seventh Malaysian Plan (1996-2000), the Science Adviser in the Prime Minister's Department, Omar Abdul
      Bernama  -  248 words
    • NOTE Book
      • Article, Illustration
        Lock icon Setting their sights on autonomy
        56 7 Reuter [COTABATO, Philippines] Members of the Moro Islamic Liberation Front showing their comrades how to use anti tank weapons during a Monday exercise at their jungk; hideout war here on the southern island of Mindanao. MlLFhas said war is inevitable unless the government gives Muslims
        Reuter  -  56 words
      • Article
        Lock icon Call to investigate bribery charge
        43 7 AFP Swedish foreign trade mfofertarMati HeQrtroem demanded on Tuesday that tie Swedish War Munitions Inspection (KMD investigate charges that a parliament that KMlcontact the Swedish company Kockums and the Swedish peace organisation Svenshg FNds, which made the allegations.—AFP
        AFP  -  43 words
      • Article
        Lock icon Philippino export receipts up 29%
        43 7 UPI [MANILA) Philippine export receipts jumped ».9 per cent saawjaaasttsass? the government said on Tueeday. Analysts applauded the country's strong export performance so flur this year which has broken a six-year spell by outpacing import growth ntm. UPI
        UPI  -  43 words
      • Article
        Lock icon New Asian business daily
        81 7 Bloomberg Business News [BANGKOK] Thailand's M Group pic yesterday published the first issue of a new business daily newspaper, Asia Times, tn an effort to compete with the Asian Wall Street Journal, the Financial Times and the International Herald Tribune. In a statement, publisher Sondhi Limthongkul
        Bloomberg Business News  -  81 words
    • Article
      Lock icon Package to help Thai bourse won't be scrapped
      142 7 BANGKOK Reuter BANK of Thailand governor Vijit Supinit said on Tuesday he had no plans to scrap the 30 billion baht (551.68 billion) government rescue fUnd for the stock market despite the bourse's recent rally that has brought in foreign funds. "The
      Reuter  -  142 words
    • Article
      Lock icon Thai Nov CPI within analysts' expectations
      232 7 BANGKOK 7.2% rate doe to sharp drop in prices in Nov last year Reuter THAILAND'S November inflation figures came in as expected by analysts, and the consensus is that prices should continue to drop over the next few months. The Commerce Ministry said the
      Reuter  -  232 words
  • Page 6 Advertisements
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      100 6 I 1 "Quality •*> 1 Is only equalled by LiGHE#. their -ness. SledgerSl Cj Made in France Part# Fineue 102-38 Certrepoint U: 235 7368 baton Scots Uunhimoya Dept. Store Galarm Lafayette M WJliom, Yaohan Orchard AuHwriwd Pwhri: Chirvel, Peninsula Plozo Shangri 10, People Park Complex Eile, Giiuo Plaza/Queensway S.C. Boots
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      323 6 I |ftf MASTER OF BUSINES^^^I in Logistics Management; 'djgSjm 0 Curtin University of Technology *'^Pfog 1 APPLICATIONS FOR CURTIN UNIVERSITY/ I SINGAPORE INSTITUTE OF MATERIALS MANAGEMENT p POST GRADUATE SCHOLARSHIP IN LOGISTICS MANAGEMENT g |l Curtin University is located in Perth, Western Australia and has a student population of over
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      275 7 LONGINES The new Golden Wing collection by Longines is a creation of infinite W'i beauty and magic which Win, bears the mark of a J*a\\ y tradition of over 160 years S^E in watchmaking... Longines' winged hourglass, a symbol of perfection in time measurement and the marvel of creation. Recommended
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Economic agenda '96
      630 8  -  GHXMA WATCH Braising battles over policy issues will be fought between central govt and local authorities at economic summit By Lu Ning BEIJING opened a major economic summit yesterday, bringing together top officials from the provinces and central government ministries. The purpose of the meeting is to
      630 words
    • Article
      Lock icon Jiang reaffirms support for special economic zones
      161 8 HONGKONG Reuter CHINESE president Jiang Zemin has reaffirmed Beijing's commitment to the development of China's Special Economic Zones (SEZ), said a Hongkong newspaper. Mr Jiang, who is in Shenzhen SEZ which borders Hongkong, is accompanying Cuban president Fidel Castro on a two-day visit.
      Reuter  -  161 words
    • SINO Brief
      • Article
        Lock icon KHBanks sees stabilising property prices
        69 8 AFP [HONGKONG] Hongkong's property market is expected to stabilise at present levels, a banking report said yesterday. The sector has fallen 20 to 30 per cent from its 1994 peak. "Property prices are not expected to decline much farther" due to forecast population growth and
        AFP  -  69 words
      • Article, Illustration
        Lock icon Reisling wine made in China
        72 8 Reuter [QINGDAOJ A worker at the Huadong Winery packing a bottle of the company's Reisling wine last week. The winery, located on the outskirts ofthe harbour city of Qungdao, is a multinational joint-venture company established in 1966. It produces ISO cases of wine annually mainly
        Reuter  -  72 words
      • Article
        Lock icon China executes 2 managers for cheating
        77 8 AFP [BEIJING] Two managers of state enterprises inSichuan province were executed last week forembezzling more than half a million dollars, the People 's Court News reported yesterday. Zhang Rongjun, former managing director of the south-western province's Housing Mid Land Development Company, was found guilty
        AFP  -  77 words
    • Article
      Lock icon China warns of serious tax shortfall, blames local govt for lax collection
      310 8 BEIJING Shortage in first 10 mths' revenue causes Beijing to worry about budget deficit Reuter CHINA said yesterday there could be a serious shortfall in tax revenue which could throw the budget into the red and it attacked
      Reuter  -  310 words
    • Article
      Lock icon China will allow faster growth next year: J Fleming economist
      375 8 HONGKONG Bloomberg Business News THE Chinese government will let the economy speed up next year, although it can't risk a return to the heady growth rates of 1992, says Daryl Ho, economist for Jardine Fleming Asia Research. Political stability and
      Bloomberg Business News  -  375 words
    • Article, Illustration
      Lock icon Taiwan premier extends olive branch to Beijing
      273 9 TAIPEI "Uen says island willing help China in free market reforms and join WTO with it Reuter TAIWAN Premier Lien Chan sounded a conciliatory note towards China yesterday, saying the island would help Beijing realise its free market teforms. Taiwanese investments would assist
      Reuter  -  273 words
    • Article
      Lock icon Drive launched to replace Lee as ruling KMT chairman
      174 9 TAIPEI AFP REBELS from Taiwan's ruling Kuomintang (KMT) yesterday launched a drive to replace President Lee Teng-hui as party head, despite a decision to delay the expulsion of two maverick party vice-chair-men. The action came after the KMT's worst electoral setback
      AFP  -  174 words
    • Article
      Lock icon No shadow govt in HK, says China
      205 9 HONGKONG AFP CHINA has repeated it assurances that no shadow government will be set up in Hongkong before the handover of the territory in 1997, a Chinese official said yesterday. Zhou Nan, head of Xinhua news agency, China's de facto government representative in
      AFP  -  205 words
    • Article, Illustration
      Lock icon Harvest from the sea
      43 9 [LAOSHAN] Afisherman gathering clams he netted off the ocean coast at Laoshan mountain near Qingdao city in Shandong province. Over the past year, Shandong's fishery production, one of the province's main industries, has increased by over 28per cent REUTER
      REUTER  -  43 words
    • Article
      Lock icon China aims for US$150b in foreign investment by 2000
      123 9 BEIJING Bloomberg Business News CHINA will try to attract US$l5O billion (5J211.5 bUlion) in foreign investment by 2000, the official Xinhua News Agency reported, citing the overseas edition of the People's Daily newspaper. Shi Guangsheng, Vice-Minister of the Ministry of Foreign
      Bloomberg Business News  -  123 words
    • Article
      Lock icon Foreigners to gain from upgrading in garment industry
      300 9 U BEIJING China will spend 5b yuan in five-year period to modernise UPI CHINA'S struggle to wrench its garment sector into modern ways should provide opportunities for overseas suppliers of the machinery and technology needed to do so. The country says it
      UPI  -  300 words
    • Article
      Lock icon Tumen River development agreements signed
      139 9 BEIJING AFP CHINA, North and South Korea, Mongolia and Russia were to sign long-awaited agreements yesterday at the United Nations in New York aimed at breathing new life into plans for a north Asian economic zone. The three agreements, initialled in May after three years
      AFP  -  139 words
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      150 8 "EACH GENERATION HAS ITS OWN IDEALS. THIS COULD DE ONE OF OURS." 1 jji Praise is always welcome, especially when it's well earned. class motoring and combining them with the forwardThat's why we're particularly pleased with the above looking dynamism and sense of innovation that have quotation from a BMW
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      67 9 In 'ill' IB iJH s Just how far the new BMW 7-Series has moved ahead of its rivals is underlined by recent international comparison tests. In fact, Germany's leading specialist magazine (auto, motor und sport) praised it as being "simply the best." They were of course referring to the 750iL,
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  • ASIA
    • Article
      Lock icon Slush fund trials to start this month
      245 10 SEOUL Reuter THE bribery trials of former president Roh Tae Woo and seven of South Korea's top business executives will start this month, a court official said yesterday. The official at the Seoul District Criminal Court said judges had made an initial decision
      Reuter  -  245 words
    • Article
      Lock icon Decision on Enron this week
      131 10 NAGPUR. India AFP THE Hindu government of the Indian state of Maharashtra will decide here this week the fate of an axed US$2.B bUlion (553.9 billion) US power project. Maharashtra Chief Minister Manohar Joshi told provincial legislators here on Tuesday that officials were "trying our
      AFP  -  131 words
    • Article
      Lock icon A$466m innovation package out
      465 10 MELBOURNE KeAting's scheme to foster high-tech industries will save govt As3s3m over four years Reuter AUSTRALIAN Prime Minister Paul Keating unveiled a A 5465.6 million (*****.22 million) package to foster science and technology industries aimed at boosting exports and jobs growth and saving the government A
      Reuter  -  465 words
    • Article, Illustration
      Jakarta names Aussie envoy
      241 10  -  SYDNEY Florence Chong INDONESIA has appointed its current ambassador to France, Wiryono Sastrohandoyo, as the new ambassador to Australia. Mr Wiryono is expected to take up his new posting early next year when his term in France ends. The appointment ends the vacancy which has existed
      241 words
    • ASIA Notes
      • Article
        Lock icon Amnesty for Tamil Tigers
        48 10 Reuter [COLOMBO] Sri Lankan President Chandrika Kumaratunga yesterday offtttd an anmeety toTmU Tiger guerillas tf they laid down their arm a£Jafft u* government troops captured the rebel stronghold ofJiJnf" town. She also appealed to minority °Y 4 the fighting to return to their homes.—^
        Reuter  -  48 words
      • Article, Illustration
        Lock icon Unmistakable message for Chirac
        36 10 AFP [MELBOURNE! Final touches being applied yesterday as this anti-nuclear billboard is erected in the city equal e. The bffiboanl carries the message "Ungua* Is no barrier to our anger, Mr Chirac".—AFP
        AFP  -  36 words
      • Article
        Lock icon Former Japanese minister arrested
        39 10 Bloomberg Business News former labour minister Toshio Yamaguchi for alleged the heads oftwo thrift inetttuttons to Tokyo to lends total of 2.7 billion yen (***** million) to companies run by Ms family. Bloomberg Business News
        Bloomberg Business News  -  39 words
      • Article
        Lock icon Koean economy heading for soft landing
        48 10 AFP [SEOUL] South Korea's rapidly growing economy is headed for a soft landing, with next year* s growth rats projected at 7.5 per cent, the Korea Development institute, a state-run think-tank, said yesterday. This year's estimated gross domestic product is per csnt.—APP
        AFP  -  48 words
    • Article
      Lock icon India needs US$50b to meet telephone targets
      178 10 MELBOURNE Reuter INDIA needs investment of US$5O billion <5570.5 billion) to meet its telephone density targets by the year 2000, a member of India's Telecom Commission said. P S Saran, one of the government body's four members, said India expected to have a
      Reuter  -  178 words
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      202 10 "<Me qA&U" \lflS'^r~ Secretaire I Created with Italian passion sensitivity to VL »*f, frvm cutmr, <T tradition The centre door portrays a magnificent mar Quiet elegant on the outside with walnut Rfl ijuetry design of life-tree shoots, small leaves (fir structure and profiles decorated with myrtle briar IkTTCT) I iTT2
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      Page 10 Advertisements Column 2
      191 10 Australia to set up new exchange for small firms, Pg 19 cme tjvnthiiiatote &i4mn t 40%. n I—Tff—l Our Winter Special Package allows you to enjoy the following at only US$ 115 per night: •T r 1 Upgraded accommodation in Deluxe Room Complimentary full breakfast Complimentary pressing of 2 items
      191 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Strikers call for more stoppages in all sectors
      430 11 PARIS Juppe govt revises 1995 growth forecast down to 2.5-2.75% Reuter Bloomberg Business News AFP STRIKING public sector unions widened their offensive against a planned overhaul of France's debt-plagued welfare system yesterday after Prime Minister Alain Juppe refused to negotiate. Both government
      Reuter; Bloomberg Business News; AFP  -  430 words
    • WORLD Watch
      • Article
        Lock icon Advertising expenditure up 7%
        65 11 AFP [WASHINGTON! Advertising expenditure rose 7 per cent this year and should go up just as much next year for the third rise in as many years, said industry analysts. US advertising expenditure, which equals some one-half of advertising costs worldwide, rose 7.7 per cent this
        AFP  -  65 words
      • Article
        Lock icon Israel's prime minister in Amman
        74 11 Reuter [AMMAN] Jordan and Israel pledged yesterday to strengthen ties during the first foreign trip by Israeli prime minister Shimon Peres since he succeeded assassinated leader Yitzhak Rabin a month ago. His talks with King Hussein at the Amman palace focused on further steps to
        Reuter  -  74 words
      • Article
        Lock icon US economic forecast down 0.5%
        72 11 Reuter [WASHINGTON] Slower manufacturing activity helped pull the government's main economic forecasting gauge down in October for a second consecutive month, the Commerce Department said yesterday. The Index of Leading Indicators, which forecasts economic trends six to nine months ahead, fell sharply, by 0.5 per
        Reuter  -  72 words
    • Article
      Lock icon Output at factories, utilities down 0.9%
      166 11 LONDON AP PRODUCTION at Britain's factories, mines and utilities fell an unexpected 0.9 per cent in October as mild weather reduced demand for oil and gas, reducing the annual rate of growth to 0.5 per cent. Manufacturing production, which excludes output from mines and
      AP  -  166 words
    • Article
      Lock icon Failure of budget talks disastrous: Gingrich
      347 11 WASHINGTON US interest rates will rise sharply, stock markets will crash, says Speaker FT Bloomberg Business News AMERICAN interest rates will rise sharply and stock markets will crash if Congress and President Bill Clinton fail to strike a bargain on balancing the federal budget.
      FT; Bloomberg Business News  -  347 words
    • Article
      Lock icon Clinton may sign bill against petty suits
      151 11 NEW YORK LAT PRESIDENT Clinton is leaning towards signing a bill that would limit investors' right to sue for securities fraud, even though his political advisers have urged a veto, White House sources said on Tuesday. The Senate on Tuesday did, as expected,
      LAT  -  151 words
    • Article
      Lock icon No risk of US recession, says Dallas Fed chief
      187 11 NEW YORK Reuter FEDERAL Reserve Bank of Dallas chief Robert McTeer does not see any major imbalance in the US economy that could lead to a recession. "I see no major excesses or imbalances in the economy to bring it (expansion)
      Reuter  -  187 words
    • Article
      Lock icon Fed flayed for missing warning signals in Daiwa case
      213 11 WASHINGTON AFP US LAWMAKERS took the Federal Reserve to task on Tuesday for failing to spot warning lights in the Daiwa banking scandal, while regulators suggested part of the remedy might be for bankers to take more holidays. As a result
      AFP  -  213 words
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      Page 11 Advertisements Column 1
      101 11 SoteAtfeni: BEBU BEEMEL TIME (S) PTE LTD Te1:*****27 (3 lines} Fax *****21 Incorporation of offshore companies with Chinese name Memorandum and Articles of I Association are issued in Chinese I Certificate of Incorporation is issued For further information with company name in Chinese and immediate service characters please contaci: Michael
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      Page 11 Advertisements Column 2
      292 11 A PC Server offer so good, everyone will want to take Notes S (Unless, of course, you'd prefer a package that delivers Mail) It's reassuring to know that IBM PC Servers by lAS, at no extra cost. The IBM PC Server offer you all the quality, reliability and affordability 310,
      292 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Vive la France — for it dares to change
      774 12  - Vive la France for it dares to change THB BOTTOM LDVE OPINION By Tye Kim Khiat The writer is BT's deputy foreign editor DETRACTORS of France, especially of the Greenpeace ilk, may have good reasons to rub their hands in glee as the country is convulsed by travails, the likes
      774 words
    • Article
      IK OTHER WORDS
      117 12 It's like putting a sheet of paper on your back and saying: Kick me. It's going to be a bloodbath.' -BdbSeUnski banking analyst for Jardine Fleming Securities on stock-index futures contracts being introduced to investors in Malaysia. 'It is almost like playing Hamlet without the Prince of
      117 words
    • Article
      A modest accord in Madrid
      497 12 EDITORIAL FTER raising expectations for months on the possible formation of an ambitious Transatlantic Free Trade Area along the lines of the North American Free Trade Agreement the leaders of the United States and the European Union ended up signing a rather modest accord in
      497 words
    • Article, Illustration
      Lock icon Winner takes all
      922 12  -  Success breeds success in America's new naked capitalism, widening the gap between rich and poor By Steven Pearistein Los Angeles Times-Washington Post [WASHINGTON] Here is the great paradox of the new American economy: The very forces that have restored the nation's industries to competitive health are also
      Los Angeles Times-Washington Post  -  922 words
    • Article
      WHAT THE OTHERS SAY
      834 12 Htai eest watefc Ms etap PRESIDENT Kim Young Sam of South Korea is guiding his country to a much-needed reckoning with its troubled past. As he does so, he must be careful not to abuse the process by exploiting it for his own political protection. The
      834 words
  • Page 12 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Memories at work
      822 13  -  ALAVRIDIMO traces the evolution of Booker winner Pat Barker and finds the roots in her past ALAN RIDING NYT TWICE the age and perhaps twice as wise as when she started writing fiction in the late *****, Pat Barker now understands why her first three books were
      NYT  -  822 words
    • CHATTER Box
      • Article, Illustration
        Lock icon Asprey's royal hattrick
        71 13 AFP UPI SOPHIE De Souza of Asprey's, a London antiques dealer, blowing dust off one of the three British royal crowns which were up for sale for an estimated £1.4 million (Ss3 million) on Tuesday. The crowns (from left) are George IV's wife Queen Adelaide's coronation crown,
        AFP; UPI  -  71 words
      • Article
        Lock icon Jackson-Marceau duet
        80 13 UPI MICHAEL Jackson and world-famous French mime Marcel Marceau held a strange photo opportunity on Monday in Manhattan. They gave three minutes of pantomime then muttered a few "thank yous" at the Beacon Theatre. Jackson will be holding a concert there next Friday and Saturday. Included is a
        UPI  -  80 words
      • Article
        Lock icon Pavarotti denies his voice is fading
        78 13 Reuter THE 60-year-old opera maestro Luciano Pavarotti has dismissed talk that his voice is fading after vocal problems in New York. Pavarotti cancelled a performance, withdrew half-way through another and missed high notes when he sang at New York's Metropolitan Opera last month. Before
        Reuter  -  78 words
      • Article
        Lock icon Major, Queen discuss Di's role
        76 13 Reuter BRITISH Prime Minister John Major has met Queen Elizabeth to discuss the future of Princess Diana, who is locked in battle with the Palace over what to do with her life. Diana said in a television interview last month she wanted to be a
        Reuter  -  76 words
    • Article, Illustration
      Remake relapse at Hollywood
      875 14 MOVIES An avalanche of remakes of old films is coming -thanks to fear and the scarcity of new ideas IN REMAKING Sabrina, the 1954 comedy that starred Audrey Hepburn as the chauffeur's daughter who entrances two rich brothers, Paramount Studios, as well as the producers and
      875 words
    • Article, Illustration
      Lock icon Luxury rides from Japan
      727 16  -  MOTORING Japanese executive cars set a standard that's hard to beat By i Christopher Tan GOING by casual observation, executive cars favoured by the Japanese for day-to-day use are not Mercedes-Benzes, Jaguars or BMWs. Mercs are still thought to be the yakuza's car of choice; Jags
      CHRIS LOH  -  727 words
    • Article, Illustration
      Feat of art
      483 16  -  EXHIBITIONS Whacky shoes to shoo in this Christmas? Cinderella's Revenge is the show for yon By < Corinne Kerk IMELDA MARCOS was said to own 2,700 pairs of them and Lane Crawford reportedly outdid that with 300 pairs more. What's all the fuss about? Nothing more basic
      483 words
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      Page 13 Advertisements Column 1
      672 13 J TOI .L. —PR Er; TISL. No. I-BQO-741-ISB3 FAX:74I-129g IN THE MATTER OF THE COMPANIES ACT (CHAPTER St) AND IN THE MATTER OF SANWA (SINGAPORE) FOODS INDUSTRIES PRIVATE LIMITED (In Mcmben- Voluntary Wlndlng-Lp) 1 NOTICE OF FINAL MEETING NOJICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
      672 words
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      Page 13 Advertisements Column 2
      134 13 Traditions of commerce at a crossroads of cultures g_ j jly *p tftnlH Jdß Jj H ■Mtt ■BP captured in a unique hlends rooms business traveller space to work an J the tech to InterContinental, on dedicated centre Stay Stay One One INTERCONTINENTAL Singapore *****6 <65) 338-7600 I^H^HHHBBHHHH^HHHHfIHHHBHHI Adelaide Bala
      134 words
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      677 14 MMt TO WINE. DIME HHP EMTERTAUt ■HL w RL£ys sewBEER JK h—^———— i M INTERNATIONAL FARE AT CAFE CAROUSEL Feast as much as you can from a wide variety of delectable cuisines from all over the world. $16.80 (laach) $1180 (Mr) Prices subject to 10% service charge, 1* cess 8t
      677 words
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      Page 14 Advertisements Column 2
      179 14 I fancy IBeijing? Then, we rr delighted to suggest the fine Court for a manornhU daung experience Our hack menu offers a variety of fan K** dumpings, a selection of fICCT^n 1 set wunus, end 'Beijing specinlities IIjRTV suck nj 'Beijing 'BnHgdTench end lebghkt Oderinnted Ltmb Tnncv some nvwf CHINESE
      179 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      206 14 THE WEATHER ataMora Showers oVer several areas in the afternoon. Temperature (23-31) III! run" H(ML Pill Hi HVLf Omd. hmmrim HVLo* CM. TtMl 22/17 Cloudy AMuiM OS/-1 Stawn Atlanta 19/D6 Cloudy Be** XVII Cloudy AftM 14/06 (lowly KurnosAira 28/16 (V«n BqpM <B/4 Cloud. Bail 02/-6 Showers Chwg) 08/1 Suaay Jl/21
      206 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      520 15 Where to wine, dine and entertain LdBBYLbIJNGE i For the Festive Season be entertained by the I PERFECT MATES > APPLAUSE and party all night longl APOLLO HOTCL SINGAPORE 4M MWCLOCH MMO. SINGAPORE lINU Tit; 71UM1 v Sarour the endless orer 40 BHft f Tourltej prepared by imitl V chefs
      520 words
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      Page 15 Advertisements Column 2
      194 15 "For your daily Horoscopes, Housed attheAELC ifw» International Hotel, Hsiang with a decade of Bj||||i|i)!|B experience, takes pride in V providing you the most sumptuous *fil I f feast enhanced by an elegant i\ Yfujy atmosphere all under one roof. [l/i Choose from a \\A\rt set menu A 1 J
      194 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      773 15 TV&RAPIO yiNMIMiMi Countdown. L3O AM Close. 138 Super Dave. LOO PM M.O.G. as Seen on TV fSell-a-Vision. M| tf W9 II BV COO See Friday's Schedules. COO AM Morning News/CNN. I CM MU >tt ß and ,oS,ell ■■■HBWHHHHHMi MIM Life's Choices. 1 —M Atom Ant. COO AM Youth's Corner. ICOO
      773 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      199 15 CRYPTIC CROSSWORD a pain (4) 801 31 After lunch nap is a set require- ment (6) sium for him (12) vwivpi\*vki rm.T7TI(IN 1 Guess the value of a property di- 15 Don returns to bed (3.2) tarrtaujAYTS sulutiun vided by the return of the motor- 16 while Hank's excited by
      199 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      128 16 I At Air Mauritius, we way of making sure you enjoy the height of comfort and M strive not just to get bigger, convenience with Air Mauritius. but also better. All the time. Call your travel agent, or Air Mauritius on Singapore Which is why, while 222 3033; Bangkok 237
      128 words
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      Page 16 Advertisements Column 2
      86 16 |> This $550 million development backed by the giant, Matsushita gives you a I KMlllflUfflkl y 5-star hotel tyj>e living. Offering 3-bedroom units, on a bulit-up area of I j* This is your only chance to own a resort residence that comes with: Golf Membership o ft re lS nerS
      86 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon New index partly due to Jardine group: Dr Hu
      458 17 Since leaving the £ang Seng Index, Jardine firms have lest institutional investors Bloomberg Business News {SINGAPORE] Singapore's nascent regional stock index may help the US$l3 billion Jardine group of companies woo Pacific Rim investors Who won't buy shares unless they are
      Bloomberg Business News; Source:; BCRUZ  -  458 words
    • Article
      Armstrong disappoints with 6.25% gain on its debut
      259 17 [SINGAPORE] Armstrong Industrial Corporation made a disappointing debut on the mainboard yesterday with its shares barely keeping its head above its offer price. The counter opened strongly yesterday morning, rising to its days's high of 43.5 cents within the first hour. However,
      259 words
    • Article, Illustration
      Beneath the bruises of the H-share market lies much potential
      678 17  -  HOCK LOCK SIEW By Quak Hiang Whai AN ANALYST recently wondered aloud why Chinese companies still bothered to come into Hongkong's badly-bruised H-share market to raise money. Most of the 17 existing H-share companies are trading at 60 to 70
      678 words
    • Article
      Chevalier interim earnings up 8.1%
      202 17  -  By i Christopher Tan [SINGAPORE] Listed escalator and lift company Chevalier Singapore Holdings yesterday reported an 8.1 per cent rise in interim net earnings. Group operating profit after tax for the six months to Sep 30 was $2,320 million, compared with $2,147 million in the
      202 words
    • Article
      Datacraft to tie up with Indonesia's Metrodata
      272 17  -  Joint venture to tap country's networking market By' William Chia [SINGAPORE] Singaporebased communications network provider Datacraft Asia is teaming up with Indonesian information technology company Metrodata Electronics to tap the Indonesian networking market. Datacraft announced yesterday it has signed a memorandum of understanding
      272 words
    • Article
      UE unit acquires two M'sian healthcare firms
      229 17 [SINGAPORE] MHL ServiceMaster Pte Ltd, a whollyowned subsidiary of McAlister and Co Ltd an arm of United Engineers Ltd is expanding into the healthcare field in Malaysia. It has acquired the entire share capital of two Malaysian companies from Apex Pharmacy Sdn Bhd.
      229 words
    • REGIONAL COMPANIES
      • Article, Illustration
        M'sia to announce refinements to listing rules next week
        400 18  -  Move is part of posh to develop KL as major capital market By\ Siow Li Sen [SINGAPORE] Malaysia will announce farther refinements to its stock market listing 'rules for local companies next week as part of its push towards developing Kuala
        400 words
      • Article
        Inter-Roller gets extension of its pioneer status
        156 18 {SINGAPORE] Sesdaq-listed filter-Roller Engineering has secured an extension of its piopeer status till 1999. Under the extension from tfce Economic Development which oversees the scheme, Inter-Roller will continue to enjoy tax incentives on qualifying income. The engineering services company said it would continue
        156 words
      • Article
        Lock icon Asian equity markets to surge
        213 18 Salomon's prediction for 1996 influenced by robust growth Reuter [SINGAPOREJ Asian equity markets are expected to rebound in 1996 on the back of continuing robust real economic growth averaging 7.3 per cent in 1996 and 1997, Salomon Brothers said. In its latest Asia-Pacific Equity Research
        Reuter  -  213 words
      • Article
        Lock icon Perlis Plantations to list holding company
        236 18 MBT [KUALA LUMPUR] Perlis Plantations Bhd plans to list the holding company which will emerge from the proposed merger of its plantation-based companies in Sabah and Sarawak. The holding company, which will be a new entity, is expected to be listed on the Kuala
        MBT  -  236 words
      • COMPANY Briefs
        • Article
          Unocal declares dividend
          60 18 [SINGAPORE] US-based Unocal Corp has declared a dividend of 20 US cents (28 S cents) per share. The company said yesterday that the dividend will be paid on Feb 9. Unocal also declared a dividend ofB7v* US cents per share on the US$3.5O convertible preferred stock of
          60 words
        • Article
          Seksun raises holding in M'sian unit
          33 18 [SINGAPORE] Seksun Precision Engineering has increased its shareholding In Seksun Precision Engineering (M) Sdn Bhd from 900,115 shares to 1300,230 shares of Mil (86 S cents) each.
          33 words
        • Article
          Corrections and clarifications
          176 18 [SINGAPORE] Liang Court told the Stock Exchange of Singapore yesterday that it does not have any subsidiary by the name of Liang Court Vernon Pte Ltd. The company was refering to a BT story headlined "Liang Court unit tipped to clinch Job for Gokongwei's hotel" in yesterday's
          176 words
      • Article
        Lock icon KL not selling stakes in Telekom, Tenaga
        191 18 Bloomberg Business News [KUALA LUMPUR] The Malaysian government has no plans to sell its stakes in phone giant Telekom Malaysia Bhd or power utility Tenaga Nasional Bhd, the two biggest companies traded on the Kuala Lumpur Stock Exchange, Deputy Finance Minister Affifuddin Omar
        Bloomberg Business News  -  191 words
      • COMPANY Briefs
        • Article
          Lock icon HK plans to list more stock options
          90 19 Reuter [HONGKONG] Hongkong's Stock Exchange plans to list options on four more stocks on Dec 18, bringing the total number of option stocks to nine, a spokesman said. He said options will be listed on blue chips Sun Hung Kai Properties, Henderson Land
          Reuter  -  90 words
        • Article
          Lock icon Brierley sells more Ceramco shares
          60 19 Bloomberg Business News [WELLINGTON] Brierley Investments has sold most of its remaining shares in Ceramco Corp for NZ$l.BB each. That brings its losses on the 6.8 per cent stake to NZ$6.2 million (Ss&7 million). Brierley now holds only 15,320 Ceramco shares. It bought 3.3 million
          Bloomberg Business News  -  60 words
        • Article
          Lock icon Less foreign funds in Taiwan stocks
          54 19 Reuter [TAIPEI] Foreign institutions invested a total of U*****.9 million (Ss2o6million) in Taiwan's stock market last month, down from October's U*****.7 million. Only approved foreign institutions can invest in the stock market Officials have said foreign individuals are expected to be allowed to enter
          Reuter  -  54 words
        • Article
          Corrections and clarifications
          49 19 [SINGAPORE] French biscuit group Danone has clarified that its group sales for last year should be 76.8 billion French francs (Ss22 billion) and not 3.7 billion French francs as reported in BTon Dec 2. The 3.7 billion French francs referred to Danone'B Asia-Pacific sales in 1994.
          49 words
      • Article
        Lock icon Benpres' profit up 27% to 1.2b pesos
        191 19 AFP AFX-Asia [MANILA] Philippine group Benpres Holdings Corp yesterday reported a 27 per cent jump in net profit to 1.2 billion pesos (5564.7 million) for the nine months to Sep 30. Benpres, the holding firm of the prominent Lopez family, said revenue rose
        AFP; AFX-Asia  -  191 words
      • Article
        Dickson Concepts lifts interim profit by 15%
        239 19  -  From Quak Hiang Whai in Hongkong DICKSON Concepts (International) Ltd did not disappoint analysts yesterday. The listed Hongkong retail group lifted both turnover and net profit for the six months to June 30 by about 15 per cent despite sluggish market conditions. The
        239 words
      • Article, Illustration
        Lock icon Aussie exchange for small firms
        432 19 ASX, whose own second board folded, says getting people to in vest will be the real challenge Bloomberg Business News [MELBOURNE] The Australian government announced plans to set up a new stock exchange to give smaller companies which don't qualify for the Australian Stock Exchange
        Bloomberg Business News  -  432 words
      • Article
        Lock icon Henderson Land plans HK$2b share placement
        321 19 Stock's 2.7% plnnge knocks 12 points off Hang Seng Index Bloomberg Business News [HONGKONG] Henderson Land Development Co Ltd, the territory's third-largest property developer, is selling at least 45 million new shares to help shore up its balance sheet and fund new projects, people
        Bloomberg Business News  -  321 words
      • Article
        Lock icon Wharf Cable expects to recover investment costs in 1997
        230 19 AFP [HONGKONG] Hongkong's first cable television network, Wharf Cable, said yesterday it was expected to emerge from losses incurred by investment to break even in 1997. The company was still in an investment phase but costs would peak in 1997 at
        AFP  -  230 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon London move unnerves brokers
        342 20 Stock exchange's plan for electronic trading sparks debate over its fntnre Reuter [LONDON] Far from settling die issue of modernising Britain's share market, the London Stock Exchange's decision to proceed with electronic trading has sparked a heated debate over the future of Europe's leading bourse. Senior
        Reuter  -  342 words
      • Article
        Lock icon ABC, NBC plan all-news stations to fight CNN
        266 20 Reuter (NEW YORK] Two of the nation's three major television networks said on Tuesday they were getting ready to break CNN's virtual monopoly on around-the-clock news on cable TV. ABC announced plans to set up its own 24-hour, allnews station in 1997
        Reuter  -  266 words
      • Article, Illustration
        Lock icon Saddled with unwanted policies
        42 20 [MEXICO CITY] Members of the "El Barzon "movement of debtors standing outside the Bank of Mexico, after marching through Mexico City on Dec 5. Thousands of debtors protested against government economic policies and government-backed debt restructuring programmes. REUTER
        REUTER  -  42 words
      • Article, Illustration
        Lock icon Sony Corp sacks its top American official
        231 20 LAT Reuter [LOS ANGELES] Sony Corp, moving to reassert control over its languishing US entertainment and electronics operations, on Tuesday ousted Michael Schulhof as its top official in the United States and gave its two senior Japanese executives a Arm grip over the
        LAT; Reuter  -  231 words
      • Article, Illustration
        Lock icon 10-month sales up 5% at UK's Rank
        277 20 National Lottery keeps people away from its bingo clubs Bloomberg Business News [LONDON] Rank Organisation pic, a UK leisure services company, said sales rose 5 per cent in the 10 months to Nov 4 alter a drop at its bingo parlours was more
        Bloomberg Business News; Source: Bloomberg; ALLAN  -  277 words
      • Article
        Lock icon Wall Street makes US$6b this year from underwriting
        245 20 Bloomberg Business News [NEW YORK] Wall Street reaped more from underwriting stocks and bonds in the first 11 months of 1995 than it did in 1994, according to Securities Data Co. With less than a month left in 1995, the US securities
        Bloomberg Business News  -  245 words
    • FINANCE & COMMODITIES
      • SMALL Change
        • Article
          Lock icon India cuts cash reserve ratio on deposits
          60 21 Reuter r [BOMBAY) Hw Reserve Bank of India said yesterday it reduced the average cash reserve ratio (CRR) on banks' liabilities undo* the foreign currency non-resident deposits scheme up to the level outstanding on Nov 24, to 7.5 per cent from 14.5 per
          Reuter  -  60 words
        • Article
          Lock icon Kaufmann tops Fortune growth funds list
          57 21 Bloomberg Business News [NEW YORK] The Kauftnann Fund, Twentieth Century Ultra Investors Fund and Stein Roe Capital Opportunities Fund wore the top three aggressive growth funds recommended by Fortune magazine in its Investor's Guide, 1995. Fortune also warned that investors could be hit hard
          Bloomberg Business News  -  57 words
        • Article
          Lock icon Fidelity fund still open to new inventors
          72 21 Reuter [NEW YORK) Fidelity Investments is keeping its New Millennium ftind, which has gained 51 per cent so far this year, open to new investors, abandoning plans to close the ftmd when it reached US$5OO million (Ss?o6 million) in F assets, the New
          Reuter  -  72 words
      • Article, Illustration
        Lock icon Wall Street stocks underpinned by falling bond yields
        374 21  -  No extreme danger of a collapse bat residual gains are limited: fond manager By Shiv Taneja [SINGAPORE) Declining bond yields will support US equities as Wall Street heads into a period of consolidation, George Lo, chief strategist and head of fund management
        ARTHUR LEE  -  374 words
      • Article
        Lock icon Aussie banks set to gain bigger slice of risky small business market
        200 21 Reuter [SYDNEY] Australian banks are poised to gain a larger slice of a growing small business market under changes to the Reserve Bank of Australia's (RBA) prudential guidelines, but analysts warn they also could take on bigger risks.
        Reuter  -  200 words
      • Article
        Lock icon US mining firm demands aid cut to Indonesian critics
        208 21 Bloomberg Business News [WASHINGTON! FreeportMcMoßan Copper Gold Inc demanded on Tuesday that the Clinton administration cut off aid to environmental critics of the company's huge Indonesian mining operation. The challenge came on the same day that Freeport-McMo-Ran Copper announced a major
        Bloomberg Business News  -  208 words
      • Article
        Lock icon CURRENCY REPORT
        162 21 Reuter THE dollar rose through 1.4400 marks ate* drifted towards the top of nir narrow range against the yen. benefiting from cross trad ingL and mark weakness. 1 Sterling hovered just belSiM 2.2200 marks, gaining in line with general mark weakness../} The continuing recovery of- the French franc
        Reuter  -  162 words
      • Article
        Lock icon Lower Saudi volume trims Opec output in November
        300 21 ENERGY REPORT Reuter [LONDON] Opec trimmed wellhead oil production in November to an estimated 25.27 million barrels per day, down 230,000 bpd from 25.5 million in October, a survey found. At first glance, Opec output discipline appeared tighter than in recent months,
        Reuter  -  300 words
      • Article, Illustration
        Untitled
        1061 21 1MTHKBAMK CURRHMCT RATES Hiiiit s$ mint w$ niihii rt AMiKtuss Ow"*** »M t«»r Cwmtte K Off* K QfHf rrwfcfrwc 28.4896 28J2Q <9570 4.9580 Local doUan toommM oftonlgn currwwy.- HMffcoaf dollar 18.26 7.7347 7.7357 MM8R Mar ***** ***** 0.7422 0.7427 MMtsb rapWl 0.0618 0.0619 2.*****0 2.284.700 tllian Mar tOM3 ***** 1J641
        1,061 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        929 22 [KUALA LUMPUR] Tin price on the KLTM ended 16 sen lower at M 515.53 per kg on a lack of buying interest despite a higher closing on the LME. The LME rebounded to close US$5O higher per tonne after dropping US$55 previously. Buying interest on the KLTM came
        929 words
      • Article
        Lock icon SIMEX Report
        1119 22 Reuter [SINGAPORE] Simex Eurodollar futures ended steady to a touch softer on mild profit-tak-ing, but underlying sentiment remains firm on optimism about a cut in US rates. "The market is very sure that US rates are going lower. It's only a matter of time," said a trader, adding
        Reuter  -  1,119 words
      • Knight-Ridder Commodity Summary
        • Article
          Nippon Oil-Caltex deal
          84 22 [TOKYO] Japan's Nippon Oil Co and Caltex Petroleum Corp have reached an agreement for Nippon Oil to acquire the 50 per cent equity the US oil firm holds in equally-owned refining subsidiary Nippon Petroleum Refining Co, the company said in a joint press conference statement yesterday. Nippon
          84 words
        • Article
          Indonesia palm olein price stable
          121 22 [KUALA LUMPUR] Indonesia's palm olein price is stable at around November's level of 1,375 rupiah per kg as supply is adequate, traders said. Indonesia's crop harvests in November reportedly rose from October, while exports worldwide are said to have slowed in December from November, which
          121 words
        • Article
          New oxygen level in winter petrol
          115 22 [NEW YORK) The New York Mercantile Exchange's petroleum products advisory committee has voted to recommend changing New York Harbour reformulated petrol futures so they no longer contain a higher oxygen level in winter, according to sources close to that committee. The changes are aimed
          115 words
        • Article
          Copper smelter to remain Thai-owned
          115 22 [BANGKOK] Thai Copper Industries Co, the developer of Thailand's first copper smelter, is not likely to seek foreign shareholders for its project. Prayudh Mahagitsiri, chairman and chief executive officer of Thai Copper, said it is his intention that the copper project remain wholly-owned by Thai
          115 words
    • Article
      COMMODITY PRICES
      1105 22 aiCOM FUTURES Deed SRERtMwwdMtaf asatSJOpa) 1 COttTIACTvS ctatiAf) Oott VofcNN 0pO« Wgi Low Soft (tooaot) lotofost JM 96 232.00 223.50 229JO 275 2400 Fo» 96 229JO 223.50 229.50 425 2000 Mr 96 229.50 215.50 229JO 875 t725 Apr/Jw 96 228.50 227JO 227.00 900 ***** Jtf&p 96 227.00 22U0
      1,105 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        2325 23 -«*****3 STOCKS rose to their highest level in more than 10 months amid expectations that growth in the US high-tech market will mean robust profits for the Japanese technology companies meeting that demand. Led by electronics makers Sony Corp and Matsushita Electric Industrial, the Nikkei Average surged 188.33 points
        2,325 words
      • Article
        Sydney
        653 23 •41 Skare prices closed lower as a combination of profit taking and a lack of interest overtook the market in the afternoon. "There was a lack of enthusiasm in the afternoon and this, combined with profit takers, sent the market lower," said one broker. The All Ordinaries Index fell
        653 words
      • Article
        Manila
        360 23 +2QJ59 Stocks rose as foreign investors resumed buying. A trader said the rise, following a technical downward correction on Tuesday, was "a continuation of the rally staged by the bourse earlier this week and last week". The PSE Composite Index rose 20.59 points to 2,572.16. Turnover was 1.786 billion
        360 words
      • Article
        Taipei
        378 23 -6(104 Share prices finished lower in a correction following recent gains, with market heavyweight banking and insurance issues hit hardest. "The market was undergoing a downward correction and the 4,600-point level is foreseeable," said a trader. The 321-issue Weighted Price Index fell 50.04 points to 4,722.93. Turnover was 776.7
        378 words
      • Article
        Seoul
        410 23 ♦7J3 Stocks rose for a third day on expectations that business tycoons accused of bribing former President Roh Tae Woo in a US$65O million (Ss9l6 million) slush fund scandal would receive lenient punishment. "Investors are bidding up shares in affiliated companies of large groups in connection with the slush
        410 words
      • Article
        Wellington
        368 23 -1148 Shares fell to their lowest level since Oct 13 as investors took a dim view of foresters' prospects after pulp price cuts by Scandinavian producers. Norwegian pulp and paper group Norske Skog A/S has cut its pulp price to US$925 (551,304) a tonne from US$l,OOO. "People have been
        368 words
      • Article
        Bombay
        123 23 +«U8 Share prices finished broadly higher, lifted by speculative and fund buying towards the close. The 30-share BSE Index rose 62.68 points, or 2.1 per cent, to a provisional 3,069.92. The 100-stock National Index was up 14.77 at 1,397.86. The market moved erratically after it rose in early trade
        123 words
    • WORLD STOCK MARKETS
      • Article
        London
        546 23 -L 4 BLUE chip share prices closed mixed after weak UK data and amid disappointment over the result of the latest gilts auction. But strength in US Treasuries and a higher Wall Street, following data, helped support the market The FT-SEIOO Index closed 1.4 points lower at 3,657.4, well
        546 words
      • Article
        New York
        708 23 +3713 Shares were sharply higher in active trading in a buying frenzy ignited by plunging US Treasury bond yields. The Dow Jones Industrial Average, which climbed 37.93 points to its highest close on record on Tuesday, was ahead another 21.68 to 5,199.13 at 11am EST. The NYSE Composite
        708 words
      • Article
        Untitled
        314 23 0ti*u o»o «£S c£S o2£ oli aZZ oJS -5=5 C *S u! TT tut wu ai w u u o« u hw NU az n.1 0J a* -Oi *4 M* W4 U U W 4» M Far tat tOTTJ U 44 U -44 M ii mm i Si S 3S
        314 words
    • Article, Illustration
      Lock icon HONGKONG
      2474 24 Bloomberg Business News □Hug Seng -7148 STOCKS closed sharply down on rumours that Henderson Land would make a HK$2 billion (***** million) to HK$4 billion placement, brokers said. The Hang Seng Index dropped 76.48 points to end at 9,896.89. The All Ordinaries Index slid 28.82 to 4,718.08. Turnover was
      Bloomberg Business News; ALLAN; JEN CHUA  -  2,474 words
    • Article, Illustration
      Lock icon CHINA
      673 24 Reuter n Shanghai B Share Index -4L38 THE Shanghai B share index closed down with most institutional investors sidelined waiting for fresh news. The index ended down 0.38 points to 50.39. Volume was 3.7 million shares worth US$l million. A total of 31 shares traded with six up, 10
      Reuter  -  673 words
    • Article, Illustration
      Lock icon JAKARTA
      1046 24 Bloomberg Business News Q Composite Index -d 55 STOCKS were little changed as rises in clove cigarette maker Gudang Garam and international telephone company Indosat offset a fall at domestic phone company Telkom. "I prefer Indosat to Telkom because I'm more comfortable with the quality of Indosat's management, which
      Bloomberg Business News; BCRUZ  -  1,046 words
    • Article, Illustration
      Lock icon BANGKOK
      1195 24 Bloomberg Business News P SET Mat +2L31 STOCKS rose, led by construction and property issues on optimism US interest rates will be cut later this month. Investors also bid up shares because the domestic inflation report for November "was not a disaster as some people thought it would be",
      Bloomberg Business News; ALLAN  -  1,195 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares firm, led by timber companies
        6749 25 KUALA hUMFURReports Bloomberg Business News rl Composite Indei *4i> MALAYSIAN stocks rose for an eighth day, led by timber companies, as investors responded to the prospect of moderate economic growth and a shrinking trade deficit. "We're encouraged that the growth will continue to moderate
        Bloomberg Business News; ALLAN  -  6,749 words
    • WARRANTS & OPTIONS
      • Article
        G K Goh warrants worth a wager
        3608 26  -  WARRANT WATCH -By] R Sivanithy IT WASN'T that long ago that the business done in the local stock market was below 100 million units daily. Yesterday, volume was 251.68 million worth $489.26 million, a significant jump from as recently as a month ago.
        3,608 words
    • Article
      CLOB INTERNATIONAL
      2174 26 Or 6c t*9S Last Vol Day LaatOnata DOv DOv YM Nat HC# MUh Law itne Cangdwy i«H COOOl W«l> Law Bwyar SaOOar N fvr N P/t lot 471 IN 5000 Aisesoc 442 c4 K 170 454 442 442 444 5.0 4.9 0.3 919 4513 in nLS 500) AMOflSOc
      2,174 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1429 27 imvmm* mmem s= —M -a! M ig MM U4» tra Cmr XMO WlMlll 7,MA 2MU tfSS JiM »J« 7*3*4 MHMi 7.44? 7.447 «IN KM ST KMJ4 4t5 MSS KM 25S *35 TOTAL 7§j5? WJ77 UMM M«SS iSISlT 4?U*0 HUM ct55 »T,»M MAM CVM TOTAL s? n mi i ii KM
        1,429 words
      • Article
        MAIN BOARD
        4253 27 Or Or M Wt IMS Laat V«t Day Laat OmM Dh M VN M Cm A»9 H8» 1— Mm C imp spy fan COOP) law —yar 8a8ar fw M $Jl M* 210 IT* 1298 ActrSOc US189 *1 91 189 187 189 190 123 3U.9 490 XC mt KKOAcmaSOc
        4,253 words
      • Article
        SESDAQ
        805 27 •r Or MM KM Laat VM Bay laa» OmM M* Hi YN IM Cap Av* u» »w»a Ciim fan rooo) NM4 t— »—ar ta—r c« M frnw 322 40 2000 AMHMgaSc 211 13 26* 304 290 2« 2t9 IU U 0J 4X3 128.7 2M 2*0 SO 2001 AHWMMISOc 231
        805 words
      • Article, Illustration
        Lock icon HOT STOCK
        54 28  -  -By Shiv Taneja INSAS looks Ukefy to drop in the short term. It lost three cents to $1.(8 yesterday on a volume of 7.3 million and the dalfy RSI and stochastic charts indicate a sell The directional indicators are neutral On the downside, the stock has strong support
        JEN CHUA  -  54 words
      • Article, Illustration
        Rally stalls as institutional buying of blue chips fades
        873 28  -  STOCK MAKKBT COMMENTARY Despite late profit-taking, many observers are confident market sentiment is still showing an npside Mas By R Sivanithy [SINGAPORE] Institutional interest in Malaysian and local blue chips tapered off at the close of trading yesterday, disappointing observers who
        873 words
      • ON THE GRAPEVINE
        • Article
          Watch Parliament today
          114 28 MANY ttockmarket punter* have been tracking the rumours of a likely general election soon—the only bullish factor cm v the horizon for the market. Dec 23 is the hottest date being bandied about The sharper pundits should know that if there is going to be an election
          114 words
        • Article
          Of Dow Jones and chicken ribs
          73 28 GEORGE LO, chief strategist and head of fUnd management of the international private banking unit of Lloyds Bank, believes there is no danger of a collapse of the US market although its upside potential is limited. "The US market now is a bit like
          73 words
        • Article
          You say what?
          165 28 IN ITS latest bimonthly bulletin, Malaysian brokers TA Securities gave this erudite advice to clients after the KLSE Composite Index had risen from 881 points to 961 in two weeks: "It is not a clear indication as yet that a trend reversal has been established. However, watch
          165 words
        • Article
          Nervous Nellies strike again
          51 28 DESPITE an assurance that Khazanah Holdings is not selling ita stake in Telekom and Tenaga, Malaysian brokers PB Securitiee said yesterday that institutional clients ars still nervous shout the rumours of a sale. "We remain negative on both stocks based on fundamental operational issues,'' said the
          51 words
        • Article
          No diaries from Merrill Lynch
          108 28 TIS NOT the season to be generous at Merrill Lyneh. The sales team at the US brokerage are fuming over an all-important matter that will decide whether their high net worth clients are going to get a Merrill Lynch diary for 1986. Word has it
          108 words
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      123 17 I lie ai4 o| maslcnmi lime Girard-Perregaux poui Kirrari f f t 1 m&- n i 1 < MANUFACTURE Girard-Perregaux DEPGIS 1791 The President automatic O 38mm Other models vuth < hronograph are <ilso available Exclusive Distributor BMI Pte Ltd Tel: 737 3786 Available exclusively at CORTINA WATCH CFNTRE Raffles
      123 words
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      523 18 Wf A/£X7 The Urban Redevelopment Authority is offering the following sites for sale by PUBLIC TENDER. Land Parcel Ala for tha development of a private recreation club. Located at the strategic Junction between Buklt Tlmah 7~7 VT <r <r 1 ~T~7 T Road/Dunearn Rood and Stevens Road/Whttley Road, Land Parcel
      523 words
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      28 19 ■HHf r Soulful, shimmering, sensational. (100 l jazz and swinging rhythms. With shades of blues. Nightly from 8.45pm. Monday lo Saturday. Level 3, R«me» Cily. Tel: 431 6156
      28 words
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      Page 19 Advertisements Column 2
      160 19 Tke rare perfection of Palelc Philippe al TkeH our Glass Ckoosing timepiece 'IVk all akout ike exquisite ■k skould lie a relaxed and features tkat Lai I mark affair. eack Pkilippe in Especially you're our collection. After cons idering tli all, we see as PateL mi>>n connoisseurs. And our Pkilippe.
      160 words
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      65 20 EXECUTIVE: VERSACE V 2 ROBERT FRIEDMAN EXTEMPORE FIN EXECUTIVE THE BOUTIQUE MKM Powers board room bred. IT ii^^H sets the l^^Rj the I V Extended shopping hours thru IJ Dec 95: Thurs Sat 9.30 prn. •\J M British painter John Wiikins. GLAMOURETTE, Th« Boutique #02-01 The Promenade 300 Orchard Road
      65 words
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      273 21 Auto Paper Cutter. Anti Curl System. Auto Caller Identification. Anti High Price At $549*. N«n* Brother ,—> You won't find a more affordable fax with these features. intriiiFAX 87. r »M(: For a start, the Brother IntelliFAX-625 eliminates paper tad aUo avaiiahk- HH curl. What's more, it cuts incoming messages
      273 words
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      147 23 I Singapore Handicrafts presents the splendour of majestic rosewood. m (1 i\g% Ml) «Wc I a 'jj&Bb Discover the unique charm and beauty of classic rosewood furniture from Singapore Handicrafts Singapore's leading Jr V wk rosewood specialist A rosewood masterpiece with its refined lines and exact proportionsadd a touch of
      147 words
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      102 24 THE COMPLETE SOLUTION TO HAIR PROBLEMS! I Hay's formulation extracted from herbal plants is the key holistic approach for balding, hairless, Pr b emS lnC Udin9 dandmff DUMIICi!> f r ~j No surgery or implant rWEMB Bl No any CS GlVlflff VOll tHC I to treat hair loss Notation or
      102 words
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      21 25 ||J A quick look at H the markets. For PH Financial News, call mm 1900-913-0001, Hj at 30 cents a minute.
      21 words
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      Page 25 Advertisements Column 2
      66 25 Mondial Takes a Shine Ngee Ann To add sparkle to your portfolio, come to the dazzling new Mondial Showroom. Mondial Now at Ngee Ann City. For all your internationally certified G.I A, H.R.D and 1.G.1 diamonds, n emeralds and other gemstones. WMONDIAL "^aßr" NEW SHOWROOM: Mondial Ngee Amm City i
      66 words
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      162 26 m\ j Start my m&N 1 THEBUSINESSTIMES SMS.IO<II monthsforlocal) I IIIJir .VVV I Vvr A IWIIJU (This rate excludes defvery charges, if appfcabte, which wi be coiected ty news&ndor monthly). The" Business Times Name (Mr/Mrs/Ms/Dr*): Age: Signature I 0 A r 0 Address: Dace: Farter. Sharper. Deeper i j Telephone
      162 words
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      351 27 ADVERTISEMENT :::g» aw? vs; -s -s 'is s, aaa ws a srss s s us nam jp«|mi|| ■■■■I -;s^ 2 L IJfc jr 44 WJ ,n r ia u zi i 3» u« ♦>• «s >'» Kfffi^AJSZEHIII St** 0 >*' 2 ,o .ST 121* 5T££ H moo BPH M-J M
      351 words
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      464 28 Singapore Closing Share Prices 6/12/1995 CLOSE PREV LOW HIGH USsr US$ US$ US$ Mllr Jardlne Mathason 6.59 6.05 6.40 6.65 If tSSkH Jardin Strategic 2.85 2.81 2.78 2.86 L XSSSt A Dl,r > Farm 0.83 0.84 0.83 0.84 Hongkong Land 1.83 1.80 1.83 1.80 ■fi9PTP<n| Mandarin Ortental 1.20 KfiUiUINH Jardlne
      464 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      299 29 Knight-Ridder Reuter SIGNS of a slightly better market for Panamaxes in the Atlantic have emerged together with more enquiry for Handy-sizes but overhanging the whole market is the sluggish performance of Caper tonnage world-wide, brokers said. Steadier conditions for Panamaxes were also apparent in the Far East, but
      Knight-Ridder; Reuter  -  299 words
    • Article
      MARITIME STOCKS
      265 29 m mriBp »»i a hi CWTOM 1.4# *003 164 ChuanHup 120 *0.04 68 Cotcelnv 193 *0.01 rtLS 6.05 unch 507 rmMLHil 0.75 -0415 66 WWWngs tit -0.04 S« HalSunHup 0.92 -0.003 221 MUcNZaatn 107 *0.02 113 MCMoMngi NX 5.60 JayaHaMngt 1.53 unch 34 •tarpnaSNpyard 9.85 K3.K 641 KaM«Car»
      265 words
    • Article
      New board aimed for early '96
      456 29  -  Setting up of proposed Maritime and Port Authority of Singapore subject to parliament approval By] Rahita Elias [SINGAPOREI The proposed Maritime and Port Authority of Singapore (MPA) is expected to be set up early next year. In response to a query from Shipping Times,
      456 words
    • Article, Illustration
      Lock icon JSL completes conversion of oil tanker
      218 29 [SINGAPOREI Jurong Shipyard Limited (JSL) has completed the conversion of crude oil tanker Nan Hai Sheng Li into a floating production storage and off-loading facility which could produce 65,000 barrels of oil a day. The shipyard started work on the 140,000 dwt vessel last
      CHRIS LOH  -  218 words
    • Article
      Spate of fast ferry orders catching attention
      713 29  -  MEWBUILDS By David Hughes BULKER orders have continued to swell the orderbooks over the past fortnight but fast ferry contracts have grabbed the headlines. Sea Containers, Bermuda-registered but with a London-based management, has operated fast passenger-carrying catamarans for a number of years, since
      713 words
    • PORT Shots
      • Article
        K Line, Yangming's two new services
        83 29 [SINGAPORE] Kawasaki Kisen Kaisha or K Line and partner Yangming Marine Transport will start the new service schedules for their trans-Pacific and Asia/Europe services from January. The lines are deploying 22 container ships between 2,250 and 3,500 TEUs in capacity for the trans-Pacific service.
        83 words
      • Article
        HK calling bids for terminal project
        76 29 [SINGAPORE] Hongkong's New Territories West Development Office of the Territory Development Department is inviting tenders for carrying out works on Stonecutters Island. According to a statement issued last week, the project is part of the continuing development of the back up area and infrastructure
        76 words
      • Article
        P&O unlikely to buy Howard Smith
        46 29 [LONDON] P&O Australia's chief executive Richard Hein has said that P&O is unlikely to buy the shipping interests of Howard Smith. The long-established Australian owner announced last week that it was pulling out of shipping, except for its towage business.
        46 words
    • Article
      Hongkong in danger of losing status as port hub
      213 29 [LONDON] Hongkong may lose its position as a port hub if container facUities are not developed to meet user demand, claims Mark Leese, managing director of Modern Terminals Ltd, one of Hongkong's terminal operators. "We need the government to take a
      213 words
    • Article, Illustration
      Lock icon Cash rich and ready to buy
      658 30 GREEK SHIPOWNERS: COMPETITION RUNS IN THEIR BLOOD Entrepreneurial ingenuity aside, Greek fleet owners are preparing to face a flood of tough regulations on trading Fairplay GREEK owners are not complaining about business, which means they are doing well. Not that they are boasting about
      Fairplay  -  658 words
    • Article
      Greek privatisation reaches for lifeline
      210 30 THE state's sale of Elefsis Shipyards was hailed as the first success of the Greek shipyard privatisation programme which started in 1990 and is continuing today. But the results of the programme could hardly be more disheartening. Both the previous conservative administration and the current
      210 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      325 30 PACE Aa n •AN. 3 AMe 7 Accord 10 ANers 6 Ahrenkiel 4 Appenship 4 Astro 13 Austral 11 Avant 6 BSA 11 Batammdo 7 B'tang Mas 10 BriqM Express 6 CCNI 4 CMA 11 COSCO 7 CSAV 3 Centenary 7 Central El
      325 words
    • Article
      SHIPPING GUIDE
      10330 36 ETA ETA Advartlsar VMM* Voyaga Pg ETA ETA Advartlsar Vassal Voyaga P« SIM OMfn Num Nam* No. Wo. SIN Dasfn Nam* Nam* No. Wo. 8/B 17/01 PfcO ORIENTAL BAY S700 5 Bratislava Port Abidjan 06/b 24/b cosco vihe /ow t 09/B 8/01 COSCO FUYUANSHAN /ON J B/B 07/01
      10,330 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        437 41 *«wl jtoy Mo Berth Arrival Departure Marina Vtarni MtimeChafl I' K23 02.13/2359 09.12/2300 Procerus 1/95 1(22 03.13/1900 11.12/0600 Ptdr Parang Tenataai Chris T 5 P04 alongside 07.12/2300 Cltra Batam 221 P01A alongside 06.12/1500 Cttra Batam2 I68A P01A alongside 06.12/1700 ET Ocean 5 01/95 P04 alongside 06.12/1600 Equator Pear
        437 words
      • Article
        CONTAINER SCHEDULES
        1362 41 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/Mane* Rstls Ship Voy No Etb/Btr Ptrlod From To From AtlM* 267* 07/1700 U 04/1500 06/1659 06/1900 06/1500 06/1659 06/1900 Uittum 23B *****00 U 06/7500 06/1659 06/1900 06/1700 07/0659 07/0900 J 07/0700 07/189 07/1400 4 07/1200 07/1459 07/1700 Aftjtf 9550
        1,362 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Australasia ripe for new plane orders, says Airbus
        357 42 Airlines can now focus on requipment with completion of restructuring Reuter [SYDNEY] European aircraft consortium Airbus Industrie, launching a sales pitch for its new long-range wide-bodied jet, said the Australian and New Zealand airline industry was ripe for new aircraft orders. Airbus
        Reuter  -  357 words
      • Article, Illustration
        Lock icon Malaysian firm to assemble kitplanes, set up aviation college to train technicians
        301 42 Bernama [LANGKAWI] Arrowtime Aviation Sdn Bhd will assemble American-designed kitplanes locally starting next month before venturing into manufacturing their components. Its executive director, Mariamah Jaffar, said yesterday the company would also set up an aviation academy in the
        Bernama; REUTER  -  301 words
      • Article
        Lock icon MAS ready to start direct int'l flights to Langkawi
        202 42 Airline waiting for expansion of airport to be completed Bernama ILANGKAWI] Malaysia Airlines (MAS) is prepared to provide direct flights to link the tax-free resort island to all its international destinations as soon as the expansion work on the runaway at
        Bernama  -  202 words
      • Article
        Lock icon Porsche revvs up sales by 14% in first 4 months to 910m marks
        263 42 Reuter [STUTTGART] Illustrious German sports car maker Porsche AG said on Tuesday its turnover jumped 14 per cent in the first four months of its financial year to 910 million marks (SsB92 million). The company, confirming that
        Reuter  -  263 words
      • Article
        Lock icon Japan's imported car sales hit record
        183 42 Bernama-Kyodo [TOKYO] Japan's importedautomobile sales totalled 34,527 in November, up 32.2 per cent from a year earlier and a record high for the month, the Japan Automobile Importers Association said yesterday. It was the 25th consecutive month for sales to top year-earlier levels, the
        Bernama-Kyodo  -  183 words
      • Article
        Lock icon ICAO withholds nod for NZ air strike plan
        295 42 International airline pilots association also expresses safety fears Reuter [WELLINGTON] New Zealand authorities yesterday defended a scheme to keep flights running through an air controllers' strike after the International Civil Aviation Organisation (ICAO) expressed safety fears. ICAO said its approval of the
        Reuter  -  295 words
      • LOG Book
        • Article
          Lock icon Toyota to franchise sales of car parts
          112 42 Bloomberg Business News [TOKYO] Toyota Motor Corp said it will start selling imported auto parts from July next year through a wholesale franchise that would rival Autobacs Sevan Go's chain of discount outlets, Nikkei English News reported. Toyota plans to set up a
          Bloomberg Business News  -  112 words
        • Article
          Lock icon Austrian Airlines plans dividend in 1998
          51 42 Reuter 1 [VIENNA] Austrian Airlines (AUA) said it plumed to pay a dividend in 1996, adding it aimed for a profit to sales ratio of sto 6 per cent, corresponding to pre-tax profit ofsoo to 600 miDion schillings (Ss7otoSlB4 million). AUAlastpldd a dividend in
          Reuter  -  51 words
        • Article
          Eurotunnel traffic up sharply in Nov
          93 42 [PARIS] Traffic carried by the shuttle train aenrtce through the tunnel beneath file Channel increased sharply in November, the operating company Eurotunnel aald on Tuesday Eurotunnel, which is re-negotiating hnge debts owed to banks to avoid insolvency, said that the number ofc£. cars, caravans
          93 words
      • Article
        Lock icon Boeing management and union to resume talks to end 2 month strike
        220 42 AFP [SEATTLE] Striking machinists and management at the Boeing Co said on Tuesday they would resume talks in a bid to end a two-month work stoppage. Boeing management and representatives of the International Association of Machinists and Aerospace
        AFP  -  220 words
      • Article
        Lock icon Katmandu airport to get radar systems
        170 42 AFP [KATHMANDU] Yielding to international pressure for improving safety at Nepal's only international airport, the government here has announced plans to set up radar systems with Japanese help. The announcement on modernising the Tribhuvan International Airport was made by Minister for Tourism and Civil
        AFP  -  170 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1223 42 CITY fllCHT ETA FII6HT ETP Hong Hot* UA001 0105 CX078 0255 MlMMM S0441 850 S0001 1140 UA002 0815 BY618 2005 GA903 1210 CX7W 0840 S SI SS2 m MI££E cW S0865 1440 ClfJJ* liiA Amsterdam KL843 0545 KL838 2335 CX713 1525 CX712 1450 SO/0125 0645 S0/D126
        1,223 words
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      18 29 Cash rich and ready to buy Greek shipowners ire preparing to face tough rules on trading. Page 2
      18 words
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      Page 29 Advertisements Column 2
      188 29 H I H I NOTICE TO TRADE I I FAR EAST/MIDDLE EAST <ARAB iran) I FAR EAST/SOUTH ASIA (inma, Pakistan, Bangladesh a sri lanka) I I In view of the announcement of the increase in the Port of Singapore I Tariffs, the undermentioned Shipping Lines have decided to implement I
      188 words
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      Page 29 Advertisements Column 3
      16 29 Australasia ripe for new jet orders Airlines can now focus on requipment, says Airbus. Back Page
      16 words
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      1335 30 I I OTHER DESTINATIONS 1 I NORTH AMERICA t TO WfftT {fl~Cj WEST COAfti OF QFWTTtftI. AMFfBfiA SCWVKrf) MHQAPOHt CAUfOWHtft iffif tffld jDIBt&CT PHOM WfFffT OOABT vßsa vor etas■ Itos*l u o* Iva Isa I BAi I nou I otc Iwy iwcDcoan vfssa 1 vot an rT.flur2M]iMiOA|iiißuvßmaA)n cmwulva wtQtsuolAa^Tu|uLju qanlAama)
      1,335 words
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      Page 30 Advertisements Column 2
      271 30 Lines and services represented by /^SkJ Uamhars nl Mi* Hi ulal.ii #*J 1 nnan rttleii /"If/VMIX 1 MCfno6fl Of In€ nfcgtStry Of MCVWMQ Bmß Shipping Agents, Singapore National vaSSgi) -j Stripping Association. N^^Ez i f rt# rt<4 mi »i iin'n .J n■» rw| n r n n ~>f Chinnla ft
      271 words
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      Page 31 Advertisements Column 1
      1309 31 PftQfK SOUTH WIST EXPRESS (DWECT) Ivesa wt sum awro lux I oak 100 mb> I ca. m hom Imc ml MUBMWM—a m w/n w/ii it/ii a/n w/ii m/u »/ii ao/ii oi/n oi/« w/n iwMcwßßg m u/ii ly/ii w/ii as/n os/u wm vm ~W\T~ 00/n H7n~~ io/h <uw«wi ma a/ii y/ii
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      Page 31 Advertisements Column 2
      1693 31 HANJIN SHIPPING USA CANADA g* m im|otiwT|w'Mi[iß |iK|t|qi|« tw Tfi |m rrc |re M/ 11 M/ 01 Ot/11 M/ 11 «y/»1 M/ll 07/11 M/ll Ij/ll <7/11 00/01 M/ 11 M/ll W/ll W/ll liToi M/li W i3/n '</»» n/ii »4/ii is/11 ii/»i M/fi u/ii is/oi "iyii it/ii it/ii ii/ii ii/ii i»/»i
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      605 32 msa wr m row «i uu sum mbaw sm at mo no a nat ms mnwiaHmss ~fyTi~ 17/11 14/11 it/ii iq/n IWZISE ZZZ 3EE 3M jua 4V4<t u/n i*/ii )Vii n/11 ?i/ii ~iW~ i?/i? i</i? u/i? u/i? mum -WvT-W~~m~ ?yii ii/ii is/i? I m «/i? \w 11 n/» ht/ii MisuMa
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      Page 32 Advertisements Column 2
      16 32 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute.
      16 words
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      Page 32 Advertisements Column 3
      624 32 I NORASTAT VESSEL VOV MM ALQ LAS set. VAL HAM BRE ROT AHT FEL LHA SEAENOEAVOUR MMT M/ 12 M*l »I*l Ml MM Ml MSI I*l 11*1 11*1 13*1 StA INmATTVf S6OW 2V12 00*1 00*1 IMI 14*1 15*1 16*1 17*1 IMI 11*1 *I*l NORASIA MALTA 0661 J 17/12 MSI MSI
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      Page 32 Advertisements Column 4
      672 32 JAPAN/HONOKONO/SItyUTS REGULAR SERVICE LOADING FOR £OglT KLANQ/PENANQ vtssa wr |im fbuoano fm |fbi mtramuros i sip mpt tamaoream i wok wok n»cc WTO MM a WOK It OK JMKW«DO|n_J 11 OK 13 PCC ORgXSAKAI 11 OK WOK 13 OK MLWASTAA 1 It OK 14 OK cowmr M note uok numorn
      672 words
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      Page 33 Advertisements Column 1
      906 33 STRAITS SHIPPING PTE LTD HHn Cdlaas Read *11-01 Keppel Towers 0208 Til: *****88 Fax: *****17 w«w qumea mc»c um msm *3V2pr (A SERVICE Of CHINA NASAGATION CO) STRNTSSIM mm krnri f Han. LMm* A Rati WraMiu M I •*>*_ STRUTS HOPE V9BIK 120tt'°1«0M fen. MKiMMA LMun S* CMmUKWWIIIIIIIICIMTOWWIiIW—* mum ran
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      Page 33 Advertisements Column 2
      1828 33 BfeO riAtItOIIIAyC P&O*Containers (Singapore Agencies) Pte Ltd T?« U 10 Hoc Chisag Road, *07-4)1 Keppel Towers, Singapore 0208 rirst Class Connections WORLDWIDE Tei: 225 2233. Tdcc rs 34sm pnocsf f«»: 22s 5327/222 7517 CR Number. 104W) *****/. EXPORT IMPORT W» SSSbobn maersk Soa S» OK2 0702 f OO SS?2 SKj
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      Page 33 Advertisements Column 3
      516 33 OWMOUMP PB. PBi I JOM m HB HO W IB YIITIIMM OBWiM MMNAIM3/W2* M/ 12 M/12|l*12| MPORT 11/12 I*l2 I*l2 17/12 2*12 21/12 2*12 2*12 WMHM22I/W2l ~9nf «7/121 M-11/12 M/ 12 I*3" I*l2 2*12 2V12 ~»12~ 2*tF 2*12 MWHW2MMM I*l2 11/12 I*l2 14-I*l2 I*l2 I*l2 HftT 27/12 2*12 2*12 27/12
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      Page 34 Advertisements Column 1
      1117 34 j PRPM r i^rTT H n H^pai T HH T H T H nri MP ROM ANW HBG TUP LHV LHV TWP RDM ANW HBG PKL SGP I. 6ENERAL RW-844 VI2 31/12 31/12 1/1 3/1 VI E. GOLDEN RE-868 13/11 IVII 14/11 IVII IVII 11/12 R. REACH RW-SM IVI2 VI
      1,117 words
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      Page 34 Advertisements Column 2
      855 34 VKSU VOTAGf Str M IN WIW MT Ml VBS& VOTAM M AM DM OAM fGP ktmua o»mo» 01/1? x/i? fl/11 n/ii n/ii wn Mil I unomuio oinoiii ovi? 04/12 04/1? Os/12 mj UMCOKBT *****T7W IS/li H/1J VI? 27/11 Mil H/IJ »/l» |MM OMIT *****?tf OS/12 OA/12 07/12 01/12 20/12 I
      855 words
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      Page 34 Advertisements Column 3
      682 34 BWCHRELD MATONC AOEWOEB (S) PTE LTD TEL: *****33 (12 U^EB)' r FAX: *****18/*****08 Hi TELEX: RS ***** UnM) CR NO: **********0E "Fain ST™ L hn\u ETMon«Hhm»(Mr I ACCEPTING FCL AND -CONVENTIONAL Vmml Woy ETA I eadtag «of Spor» Mat, an at WW *vio Mrw»—. Qob«* 'wOanfl WTTD AVlc MAMUMMO XI
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      1503 35 FIXED DAY dmect sajumsra: V- liifHWII Sflnl Aftfir TH (6—tM): immt UIM/O—H*. Afty Oft: COSTAR SHIPPING PTE LTD fu (at»*nn tttim cimmmtkhnmn 'fj*' onrttt— c~t,>-, 4tnnt xxrzir™ srssst «&szs tSAm :°n i c s r Jtmmornci r..nun* mim BIT HO: NM4lf I COSTM AtCHCtft /«> tDH MO Ut: I 7
      1,503 words
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      Page 35 Advertisements Column 2
      604 35 HEUNG-A SHIPPING (KOREAN FLAG) I BUSAN DIRECT SERVICE INCHON DIRECT EXPRESS SVC (8 Days Transit) (9 Days Transit) M/V GLORIA I V.547N M/V HEUNG-A GHACi V.558N ETA SIN 14/12/93 ETA SIN 10/12/9S M/V LEEWARD V.S4SN M/V CY EXPRESS V.NIS6O ETA SIN 24/12/9S ETA SIN 21/12/9S sfotf Afionv ra* *cerv HEUNG-A
      604 words
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      Page 35 Advertisements Column 3
      563 35 FAMOUS CONTAINER LINES _jjp 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) K" Ifir u P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 |>u uit po«n ~m~ it* 'n» litort t whtthim ww ni~ nt |m ST IST sa •"/n
      563 words
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      Page 37 Advertisements Column 1
      112 37 [~Z II To receive Our Inmarsat-A service now I elnfofmatlon covers the Indian Ocean Region. by fax Sentosa LES Inmarsat-A service has now extended coverage S call 740-6000 to the Indian Ocean Region. Till 31 May 1996, you cart en|oy aflre6tiv* promotional rates tor our m v SfNd A£o Rf:
      112 words
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      Page 38 Advertisements Column 1
      749 38 »OY 5 JKT VESSEL VOY SIN wnilffl r~ww 1= OOOOEABV 2588 Frl 08/12 Tua I 12/12 CHUTWI ggjg Thu fc, Pt St I Ott/12 AKA BHUM 2318 M 08/12 Tua 12/12 QURU BHUM 5169 Sat oaf 12 Tua i2/'2 Y ANTRA BHUM Vj4N_ Thu In pT Bun I 1(V12 NAWA
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      Page 38 Advertisements Column 2
      957 38 79 ANSON NO AO, *21-01, SINGAPORE 0207 CR **********0N mm m i grr jmiHiftMi ITRAITS WUTTLE SERVICE PORT KLAMO PENANQ rasa. VOY SMI HO. VESSEL I WW II SI fa SEA LAUREL 439N 07/12 THU 0802 FRI DRAGON JAVA 88N 06/12 WED Qftn2 fftl EAGLE BREEZE 22SA 07/12 THU 09M2
      957 words
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      Page 39 Advertisements Column 1
      623 39 16 Lg^LjF M MYANMA \HBHk lIVESfARUNL (Myaanrar National Um) Loading for Yoagoa (Rnngaoa) msa vot m m m poi fWTA 140W SIB $u MYOMA YWA 157W 7-9/12 MALAYSIA AGdfTV OOUSTUO SMPfMG A6BKXS KUL m 01-43-***** M PO: TH 02-43-*****01 IH 01-04-*****02 POO: TH 01-07-*****21/4 tg| BANK LINE (A wnto a
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      Page 39 Advertisements Column 2
      1055 39 4 ADVANCE CONTAINER LINES (PTE) LTD API 140Cw*8M#124aPM.Buminaana«)Of«0100 __MvLl TEL: *****21, FAX: *****10, TELEX: RS ***** ACLPL CP NO. **********0 C rpsS lcm> S vooooi Ivor I w I w I m fAST 1F514S IQ/12 sml 13/13 JZZI2 oaMKawkS iqmoi? 07/12 Tlx o»/i2 Sa IV»1 muos 12/12 to 'V l2
      1,055 words
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      Page 39 Advertisements Column 3
      826 39 ifrmrin voy m* leh«/re Hamburg thamtbport rotteroam 5iS? VEIEOENORMA NI2W 07/12 3*12 5w iiTii 01/01 ra VEIEPECARWA Cl 2* 14/12 OWI OUtft o*ol VBXE OE SAQITTA 812W 21/12 o*ol KMM I*ol 13AM 1&01 VILE D* AOiALA AI2W 2*12 Wl2 tm iSoi »6i ALSO ACCEPnNQ CARGO TO ALL U. K. OEBTVMTION&
      826 words
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      Page 40 Advertisements Column 1
      540 40 PS SINO EXPRKSS SHIPPING (PTI) LTD. V M M I 11 COLLYER QUAY *06-01 THE ARCADE SINGAPORE 0104. TEL: *****90 (4 LINES) FAX: *****08 TLX: R*****1 BINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) SIN/HKQ/SHAI S-PORE HKO SHAI VESSEL VOY ETA ETP ETA ETP ETA ETP J. FASTER 9525/9626 06/12 SSOS 1402 1502
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      Page 40 Advertisements Column 2
      431 40 IlkiiMll COMTAINEB LIMES. IMC FTZTTm MAC-MBLS STORE: 2tKBt2 (24 UKES) kucmmq:<O«)«M4» MVy \zJ moimqmtn ,7 BANGKOK: (MS)2SMC97 SURABAYA:(II)2»1«0 m p WaAWQ:fBa)3W»y JKT:(SH)WOH7I(P»<: (81)1083 m»OJWQ;(B»4MQ— NEXT CONSOL TO:- FREMANTLE MV "B. DELIMA" V 395 ETA SIN: 7-12-95 NEXT CONSOL TO:- PORT KELANG MV "BHATRA BHUM" V.5699 ETA: 7-12-95 NEXT CONSOL TO:-
      431 words
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      Page 40 Advertisements Column 3
      170 40 T iff MFL SHIPPING (INT1) SSSa PTE LTD SUBSIDIARY OF HAI SUN HUP GROUP FCULCL CONSOLIDATION SERVICES 1 HOT LINES; *****42/345 ACGPTMG CARGOfS TO EUMPI BASf PORTS/ STDIKY/MEUOURM JISO ACCEPTING PQ TO USA PORTS AMD CROSS-MtDfl SERVKI TO MEXKO AND CANADA VtSStl VOY ETA (SIN) KOTAINTAN INTI2I 10/12 006S 14/12
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  • Page 40 Miscellaneous
    • Miscellaneous
      Page 40 Miscellaneous Column 1
      131 40 I LEGEND I zzr™ T c r/*^' nd c n V c, Wov. height t Cloudy Sky ft m t J lite iikA XKTOCC wmoi ore moKOiw Oy otrows ■inui ny wttti tsc wwo Q On* Jul Crete represents cohn or light ond vonobte winds One holt fteche represents 5
      131 words
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      Page 41 Advertisements Column 1
      434 41 BKAPAL KRIS Shipping Pte Ltd 700 DUXTON ROAD, S'PORE 0(9529 W: *****76 Ft* *****77 CR NO. **********0 C SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD *****9 HOCK A GUMACHISMESSCBfIII 10 JAIANSS 4/1, KEUNAIAYA RO. 10X0420 ***** PdMIKJAYASEIAIKOII. IB: *****77/70/79 NUt*****07 1HO: MA ***** PASIR 6UDAW < <^AI>ME V ro BRUNEITIASTMALAYSIA IMWMHOI I
      434 words
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      Page 41 Advertisements Column 2
      220 41 SOUTHERN AFRICA SERVICE (forest products servkej moil: U.K./ direct monthly $aiunqs BfIMIB vcsa/voT w uhkhaiam6 hongkonc mm vissa n tgm sat pi mis mm ci taw skn kku tnu hekavim m/oi 11/11 is/oi 17/01 MHMRNRVIM 21/1] 10/11 01/01 01/01 14/01 10/01 10/01 HANDY GUNNB V3/9S SID SID SID SID nmumnrmi*
      220 words
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      Page 41 Advertisements Column 3
      249 41 a TELOK aUWMH ROAD *2« OTPORT CENTRE. STORE Mil TEL *****11 (6 lines) PAX: *****05 TLX: RS ***** CT NO. **********0W wy. ra rro oanunoM umm urn mm imm pqntmnw MM WW 11/1 Ml MUNTOK MM turn Win IVI2/K mm urnm unvm ruammunl mum RMHA 1W IVIM MiM MMMVINUMMMM ummi
      249 words
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      Page 41 Advertisements Column 4
      117 41 .1 AXIMNriR&fII Astro Shipping Pt» Ltd WEEKLY CONSOLIDATION SERVICE i 15/12,22/12 I ill i HI All 1 J IB Mi i I' Ala «aph| H riwr toawftws ii (Km tfa Hiil»m j TEL 220-6045 (10 LINES) FAX: 325-4080 i StfS7 SPEEDA UNES j *i i i i resalwf Ism Inn
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