The Business Times, 17 August 1993

Total Pages: 48
1 48 The Business Times
  • 13 1 BUSINESS TIMES WE KNOW ASIA MITA (P) 552/12/92 Tuesday August 17 1993 75*
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  • 2am LATEST
    • 67 1 Continental Air to cut staff by 2 ,500 Reuter HOUSTON Continental Airlines Ine said yesterday that it is cutting its workforce by 2,500 employees, cancelling services to Australia and New Zealand and getting rid of unprofitable routes to save money. The carricr also reported a loss of U5524.4 million from
      Reuter  -  67 words
    • 60 1 AFP WASHINGTON The Federal Reserve's open market committee is unlikely to change short-term interest rates when it meets today to plan United States monetary policy, analysts said yesterday. No inflationary sign has appeared since the meeting of the committee on July 6, when
      AFP  -  60 words
    • 52 1 UPI ISLAMABAD An opposition leader who intended to run against former Prime Minister Nawaz Sharif in Pakistan's forthcoming elections was shot dead by masked gunmen, and relatives of the slain man yesterday accused Mr Sharif of masterminding the killing. Mr Sharif has denied any
      UPI  -  52 words
  • 109 1 Stock market indices Monday C hang* ST1I 1.922.89 +5.02 KLSE Composite 772.76 0.85 Nikkei 20.901 49 +156.32 Hang Seng 7.489.49 +97.24 SET Index 954.29 -10.33 Jakarta Composite ...382.01 +2.07 CLSA China B 931.17 +25.67 Ausl All Ord 1,870.7 +14.8 FrSn00 3.008.3 -1.8 Monday Previous 2pm dose Dow Jones
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  • 605 1  -  Reports by Chuang Peck Ming SINGAPORE As at end--1992, American corporations had US$7B.2 billion (S$ 125.7 billion) in direct investments in Asia, up 10 per cent from the year before, says the US Department of Commerce. "Most of the increase resulted
    605 words
  • 352 1 Japanese unseat the British as biggest investor: survey SINGAPORE Asians' direct stake in the United States rose only 5 per cent in 1992 to U*****.7 billion (S$ 172.3 billion), the US Department of Commerce said. And much of the increase was due
    352 words
  • 229 1 SINGAPORE Hongkong and Singapore stocks were chased to record levels yesterday. Hongkong's Hang Seng Index put on a hefty 97.24 points, or 1.32 per cent, to close at 7,489.49 while the blue-chip Straits Times Industrials Index rose 5.02 points to 1,922.89. The
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  • 467 1  -  From Maggie Ford in JAKARTA PRESIDENT Suharto yesterday pledged to turn Indonesia into a newly industrialised country within 25 years. In his Independence Day speech to Parliament, he said: "By the end of the Second Long Term Development programme, we
    467 words
  • 55 1 SINGAPORE President Wee Kim Wee and l*rime Minister Goh Chok l ong congratulated President Suharto jesterday on the 48th anniversary of the independence of Indonesia. Mr Wee said economic development under Mr Suharto had been substantial, while Mr Goh praised Indonesia for giving
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  • 477 1 Bloomberg Business News Reuter NEW YORK American Telephone Telegraph and McCaw Cellular Communications said yesterday they would merge in a US$l2.6 billion (5520.2 billion) stock swap that combines America's largest long-distance and cellular telephone companies. AT&T said under the agreement, the long-distance phone
    Bloomberg Business News; Reuter  -  477 words
  • 392 1  -  By S N Vasuki SINGAPORE The irrepressible yen continued its surge yesterday to come within spitting distance of the psychological 100 per US dollar level in the European forcx market. The Bank of Japan again intervened heavily to buy dollars for yen but the
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • 296 2  -  By Teh Hooi Ling ALL manufacturing industries, except chemical products and machinery, forecast better business performance in the third and fourth quarters, according to the Economic Development Board's business expectations survey. The survey, released last week as part of the secondquarter economic survey report, showed that
        Source: EDB  -  296 words
    • 258 2 SALES at shopping centres around Ngee Ann City have slumped since the new complex opened two weeks ago. But some retailers expect customers to return to their old haunts once the "glamour" of the Takashimaya super store has worn ofT. Optimistic
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    • 328 2 NINGBO, a Chinese port city south of Shanghai, is seeking US$2.5 billion (about Ss4 billion) in foreign funds to develop its infrastructure, and manufacturing and tertiary industries. The city is holding a trade and investment fair in Singapore for this
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    • 547 2  -  By Joyce Quek ANALYSTS generally liked what Prime Minister Goh Chok Tong said on Sunday night about the Singapore Telecom share offer in October. Many were positive about the details announced and felt some of the features were good ideas. However, they all cautioned
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    • 215 2 THE Presidential Elections Committee (PEC) received five applications to contest the Aug 28 poll but approved only two yesterday those of former Deputy Prime Minister Ong Teng Cheong and retired banker Chua Kim Yeow. The other applications submitted to the three-man screening panel were
      215 words
    • 497 2  -  By Juliette Walker LATEST PRICES for certificates of entitlement rose once again defying industry predictions. The quota premium for goods vehicles and buses registered the biggest rise, up $3,920 to a record $24,020. It was $12,960 last September. In view of the recent steep
      497 words
    • 265 2  -  By Ang Wan May TWO-FIFTHS of the residential units in Robert Kuok's massive commercial-cum-residential Great World project have been snapped up within two days of its soft launch despite their hefty prices of about $600 per sq ft. The 264 residential
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    • NEWS ROUNDUP
      • 81 2 THE Singapore Armed Forces (SAF) Merit Scholarship were awarded to women for the first time yesterday. In this year's award ceremony, officiated yesterday by the Minister for Labour and the Second Minister for Defence Dr Lee Boon Yang, the scholarships were given to eight recipients,
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      • 115 2 RESPONDING to the Prime Minister's National Day Rally, the Association of Muslim Professionals yesterday issued a statement saying that it appreciated the PM's concern over the high dropout rate among Malay students. "It is right for the PM to highlight it as an issue that
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      • 47 2 THE MRTC's Panel of Inquiry is expected to complete its investigations of the Clementi accident within one month. It announced yesterday it had conducted preliminary site investigations; and since the mishap on Aug 5, MRTC engineers had tested the system and found it operationally safe.
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      • 39 2 AMERICAN Senator Charles SRobb (Democrat, Virginia) was here yesterday on a fact-finding mission. He called on Prime Minister Goh Chok Tong. Senior Minister Lee Kuan Yew and Minister for Foreign Affairs Wong Kan Seng.
        39 words
      • 67 2 THE COMMITTEE managing the 25th Anniversary Endowment Fund is inviting organisations to apply for programmes and schemes that will enhance the lives of destitutes and low-income families. The fund has raised $2.17 million to date. Application forms can be obtained from Mrs Janet
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  • Page 2 Advertisements
    • 200 2 Epson Makes Business A Pleasure. EPSON CHEF NEIL PERRY OF ROCKPOOL, A USTRALIA'S BEST RESTA URANT OF THE YEAR. B August 13-21 Owner-chef Neil Perry of the highly-acclaimed Rockpool Restaurant at the Rocks in Sydney turns up at the Harbour Grill as guest chef. Three-time winner of the Best Restaurant
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  • THE REGION
    • 402 3  -  From Loh Hui Yin in BANGKOK MORE foreign banks could start offshore operations in Thailand soon after a breakthrough in tax talks with the Thai authorities. Senior officials of the central bank and revenue department have told foreign bankers that
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    • 309 3 AFP JAKARTA The head of Indonesia's state power company (PLN), Zuhal, has defended the government's decision to hand out contracts to build three power plants without a tender process, reports said yesterday. "It was necessary because at this present
      AFP  -  309 words
    • 375 3 Thai hotel disaster AP Reuter KORAT, Thailand Hours after giving up hope of finding more survivors, rescue workers late yesterday discovered five women under tonnes of rubble of a hotel that collapscd three days earlier. Authorities had said earlier there was no
      AP; Reuter  -  375 words
    • 490 3 AFP PHNOM PENH Cambodia's new draft constitution, giving Prince Norodom Sihanouk a five-year term as head of state with powers over the army and Cabinet ministers, will be completed today, the head of the drafting committee said. The constitution sets up a
      AFP  -  490 words
    • 131 3 Reuter HANOI Vietnam yesterday denied that it had offered United States Commerce Secretary Ron Brown US$7OO,OOO (Ssl.l million) to help get the US economic embargo lifted. A Foreign Ministry spokesman here said the allegation, which surfaced in L'S News ami World
      Reuter  -  131 words
    • 401 3 Reuter KUALA LUMPUR Wage increases in Malaysia are outstripping gains in productivity and could jeopardise the fastgrowing nation's export-com-petitiveness, analysts and officials said yesterday. "Malaysia has begun to feel the erosion of its wage competitiveness," said Lin See Yan. deputy governor of Malaysia's central
      Reuter  -  401 words
    • ASIA NOTES
      • 98 3 SINGAPORE As of May 31, 1993, total Singapore investment in Indonesia reached US$2.5 billion (Ss4 billion). Singapore has also become Indonesia's third largest trading partner after Japan and the United States. These are signs that bilateral relations between Singapore and Indonesia have strengthened over the
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      • 95 3 Bernama KUALA LUMPUR The United States wants to get involved in Malaysia's future warship-building programme. Republican Senator William Cohen said yesterday. Mr Cohen, who held talks with Defence Minister Najib Tun Razak here yesterday, said Mr Najib had indicated to him that the ministry
        Bernama  -  95 words
      • 115 3 Reuter HANOI British Petroleum (BP) denied a London newspaper report yesterday that it had found a big natural gas field off the Vietnamese coast. "It's not true," BP Vietnam chief executive Michael Yeldham said of the report in the Independent. He said BP
        Reuter  -  115 words
      • 102 3 Reuter JAKARTA Indonesia yesterday introduced two-month long visa-free stays to business visitors from 45 countries to help attract more investment. Roni Sikap Sinurava. immigration direc-tor-general of the Justice Ministry told reporters that businessmen looking for investment opportunities and trade could make use of the
        Reuter  -  102 words
    • 247 3 AP Reuter TOKYO Japan will lend the Philippines 470.36 billion yen (557.5 billion) to help develop its economy, the government said yesterday. The loan will help pay for seven projects, including a bridge connecting Cebu Island in the south-central Philippines with
      AP; Reuter  -  247 words
    • 515 4 Govt's plan to cool economy will lead to positive results this year: official Reuter BEIJING China said yesterday that it is confident of cutting its soaring trade deficit over the rest of the year as the exchange rate stabilises and the domestic economy cools.
      Reuter  -  515 words
    • 218 4 Reuter LONDON The Economist Intelligence Unit has downgraded China's creditworthiness. The risk ratings review from the independent research body said the downgrading has been paradoxically caused by China's economic success. "The boom that started in early 1992 has brought with it the familiar problems of
      Reuter  -  218 words
    • 455 4 AFP SHANGHAI China's attempt to rein in inflation will not hold back development in Shanghai's planned Pudong financial and high technology zone as it remains a flagship development project, a top official said yesterday. Sha Lin, the city's deputy mayor, said that
      AFP  -  455 words
    • 288 4 AFP SEOUL The South Korean government yesterday was preparing a package of measures to ease market jitters prompted by last week's ban on the use of aliases in financial transactions, officials and market sources said. The reported moves prompted a sharp rally
      AFP  -  288 words
    • 45 4 Reuter SHANGHAI An old woman swinging from a tree in Renmin Park on Friday as part of her daily exercise. In the background are two boys studying a bag of worms they have just collected for fish bait. Reuter
      Reuter  -  45 words
    • 276 4 Reuter TAIPEI Taiwan's ruling Nationalist Party, facing the most serious challenge to its power in four decades, opened a key party congress yesterday pledging internal democratic reform. Taiwan President Lee Tenghui. the party chairman, told 2,100 delegates to the Nationalists' 14th
      Reuter  -  276 words
    • 373 5 Reuter CANBERRA Australian Treasurer John Dawkins is expected to hand down the country's first tough budget in years today as the economy emerges from recession and attention switches from pump-priming to fiscal restraint. With annual budget deficits of around 3
      Reuter  -  373 words
    • 257 5 AFP KARACHI The central State Bank of Pakistan (SBP) has allowed the country's commercial banks to raise their annual lending rates by 2 percentage points, to as high as 22 per cent, bank officials here said yesterday. The bank also raised the discount
      AFP  -  257 words
    • 280 5 Reuter DHAKA Bangladesh has criticised a proposed US law banning the import of commodities produced by children, saying it might force thousands of child workers into begging or prostitution. Commerce Minister M K Anwar said the proposed legislation ran counter to the interests
      Reuter  -  280 words
    • 425 5 AFP NEW DELHI Indian Prime Minister P V Narasimha Rao's combative independence day call for a head-on fight against Hindu revivalists has drawn the battle lines for crucial state polls due in three months. Mr Rao virtually hit the campaign trail with
      AFP  -  425 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 141 4 if yoo VANT TO SEE YOU BETTER, MOVE YOUR TfiiL. BECAUSE IT'S JUST AROUND THE CORNER CATS. Its broken box office records in theatre CATS cost $8 million to stage in Singapore, but capitals around the world. And now it's about to do tickets are available from only $30 Don
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  • THE WORLD
    • 508 6 Reuter J LONDON European politiJcal leaders, still sore at the failure of the European Commu*nity's Exchange Rate iMechamism (ERM), are still {pointing the tremulous finger Jof blame at foreign exchange (speculators. Financial market analysts said yesterday that while it was
      Reuter  -  508 words
    • 201 6 AFP LONDON The European Commission has refused to publish a report which said that European monetary union could cause a substantial rise in unemployment in the community, the Financial Times business daily said yesterday. According to the paper, the
      AFP  -  201 words
    • 524 6 AFP ABU DHABI A Saudi shipping company, one of the biggest in the world, is planning to invest US$75O million (SSI.2 billion) to buy 10 new vessels to face an increase in operations, the company said yesterday. The National Shipping Company
      AFP  -  524 words
    • 296 6 Reuter MOSCOW Russia can no longer use a single rouble rate in its trade with other members of the Commonwealth of Independent States and must set up a clearing system to ensure payments reach their destinations, a minister said. Interfax
      Reuter  -  296 words
    • WORLD WATCH
      • 67 6 Reuter LONDON Pay settlements agreed to in British manufacturing industiy in the second quarter this year averaged 2.3 per cent, according to provisional figures compiled by employers group the Confederation of British Industry (CBI). That compares with 2.5 per cent in the
        Reuter  -  67 words
      • 66 6 Reuter JOHANNESBURG South African censors have banned a magazine with a cover showing a black woman breast-feeding a white baby, editor of Tribute magazine Jon Quelane said last Saturday. "Hie censor board, which acts on the advice of an appointed and unidentified panel of
        Reuter  -  66 words
      • 71 6 Reuter MUNICH Half of the chief economists at 25 leading banks in Germany expect the Bundesbank to cut its 6.75 per cent discount rate at its next council meeting on Aug 26, the Boerse Online investment magazine said. The economists, at domestic and foreign banks,
        Reuter  -  71 words
      • 67 6 Reuter OSLO A majority of Norwegians oppose membership of the European Community, an opinion poll published on Sunday showed. Norway has applied to join the Community, but the people will decide through a referendum in 1994 or 1995. The poll in the daily Dagbladet showed that
        Reuter  -  67 words
    • 485 8 AFP GENEVA Gatt Director General Peter Sutherland has called on consumers worldwide to support pressure aimed at breaking down trade barriers and reaching an end to the Uruguay Round of world trade talks. In the introduction to a report
      AFP  -  485 words
    • 561 8 Reuter WASHINGTON The Federal Reserve is in danger of waging the last war by concentrating its firepower on already low inflation and ignoring the threat to the economy posed by slow growth, analysts said. Rather than being poised to raise
      Reuter  -  561 words
    • 51 8 Reuter ADRIATIC SEA American aircraft A-6 Intruder before take-off on the flight deck of the US nuclear aircraft carrier Theodore Roosevelt on Sunday. Some 60 Nato planes are ready to launch air strikes against Yugoslavia from bases in Italy and three aircraft carriers in the Adriatic.
      Reuter  -  51 words
    • 551 8 AP VAIL, Colorado Pivoting from his razor-thin victory on tax increases and spending cuts, President Clinton is raising the curtain on an issue that threatens to be even more divisive: a massive overhaul of the nation's health care system. "In the
      AP  -  551 words
    • 338 8 Reuter PARIS French President Francois Mitterrand, angrily denouncing speculators for triggering the recent currency crisis, called for a speeding up of the single European currency to fight "the plots of money". In an interview with the French daily Sud-Ouest released on
      Reuter  -  338 words
    • 300 8 Reuter BERLIN Russian investors have been scavenging through the leftovers of East German industty in recent months, snatching up bargain deals from the Treuhand for little or no cash. Three years after the Treuhand agency privatising east German industry began selling off
      Reuter  -  300 words
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  • COMPANIES & MARKETS
    • 460 9  -  By Sylvia Wong SINGAPORE Just when analysts are wondering if Metro will eventually quit the retail scene, the group yesterday announced a tie-up with America's No 2 retail chain Kmart to set up of a string of discount stores here.
      Photo by Christopher Loh  -  460 words
    • 116 9 SINGAPORE Ong Chay Tong, chairman of Hwa Hong Corporation, died of a stroke on Sunday. He was 85. Mr Ong's rise in the business world was typical of the "rags to riches" stories of his generation. A poor immigrant from China, he became a successful businessman
      116 words
    • 469 9  -  By Sylvia Wong SINGAPORE Watch retailer Sincere Watch Ltd yesterday launched its initial public offer of 10.752 million 25-cent shares priced at 70 cents apiece. Another 2.248 million shares will be privately placed at 75 cents per share.
      469 words
    • 685 9  -  HOCK LOCK SIEW By Alvin Tay SINGAPORE Investors who expected predictable behaviour from staid old institutions like the Big Four banks were left in the lurch by Overseas Union Bank. Despite posting an impressive 43.8 per cent
      685 words
    • 336 9  -  Group turnover slips by 3.Bpc By William Chia SINGAPORE Property and trading group Amcol Holdings Ltd yesterday reported a 26.4 per cent increase in net interim earnings to $13.05 million for the six months ended June 30, 1993. Amcol said group turnover fell
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    • 330 9  -  By Harish Mehta SINGAPORE Regional steel giant Nat Steel's plan to set up a joint venture rolling mill in Vietnam is moving along. Officials in Hanoi say the Singapore-listed company last month applied for an investment licence, which should
      330 words
    • Article, Illustration
      350 9 Source: Bridge Info Performance of Sill's Index stocks Aug 16 Last Sense ladex Slock sale Owe factor Borers <S) Avimo 1870 0 010 1.38 2.82 ("At 7400 0 050 5.44 1408 C crcbos 6 050 -0 100 4.45 -28 17 FAN ***** 10.60 GF Asia 3 040 -0 060
      Source: Bridge Info  -  350 words
    • COMPANIES
      • COMPANY BRIEFS
        • 64 10 Bernama KUALA LUMPUR Southern Bank Bhd has announced it has reached the maximum 30 per cent foreign shareholding limit. It said its share registrars would suspend further transfers of ordinary issued shares in favour of foreigners until the foreign shareholding fell below 30 per
          Bernama  -  64 words
        • 66 10 SINGAPORE Bonvests Holdings has reappointed Marvyn Sianandar as general manager of its Hongkong subsidiary Sincoop International. Mr Sianandar was appointed the general manager of Sincoop on Jan 11 and ceased to be the general manager on May 31. He was subsequently re-appointed on July 6. Mr
          66 words
        • 97 10 SINGAPORE Hotel Grand Plaza has changed the name of its wholly-owned subsidiary The Plaza Company to Hotel Grand Plaza (Singapore) Pte Ltd with effect from July 23. The issued and paid-up capital of HGP has also been increased from $2 to $40 million. The
          97 words
      • 428 10 UNIT TRUSTS FUNDS NaMflm' prkas Aug 17 Insurance Fund Unit Trust Income Bond Policy 3.47 3.60 The Commerce 1 42 1.49 Prudential The Savings Fund 1.31 1.38 PruLink Mgd Fund 1.19 1.2) Spore Prog Fund 0.61 0.64 yiBi »■■■■!■■■■>■ S pore Sec Fund 0.93 0.98xd UnWt'DwTnpUlra S'pore Invest Fund 1.08
        428 words
      • 169 10 KUALA LUMPUR Malaysia's Benta Plantations Bhd, a publicly-listed plantations and property company, has temporarily suspended negotiations to take over the assets of Singapore's debt-ridden vegetable oil dealer Devon Group. Banking executives say Benta Plantations a company linked to managing director of Idris Hydraulic,
        169 words
      • 627 10 Chief executive raps fund managers for shunning stock Reuter KUALA LUMPUR The head of MBf Capital Bhd, one of Malaysia's largest non-bank financial groups, reported a 23 per cent rise in net profit for the half-year to June 30 and lashed out
        Reuter  -  627 words
      • 303 10  -  By Corinne Kerk SINGAPORE British Telecom (BT) has signed an agreement with Telekom Malaysia Bhd to bring one of its telecommunication facilities, the Global Network Service (GNS), to Malaysia. Michael Thio. BT's general manager for its South-east Asian operations,
        303 words
      • 300 10 SINGAPORE Yet another block was laid on the megaresort taking shape on Indonesia's Bintan island yesterday as a joint-venture agreement was signed to develop a $21 million golf course. DBS Land and the Wah Chang group's Tropical Resorts yesterday signed an
        300 words
      • 498 11  -  From Loh Hui Yin in BANGKOK THAI AIRWAYS International will be hard-pressed this year to make anywhere near the three billion baht (SSI92 million) it earned last year, judging from the latest set of quarterly results released yesterday. For the three-month period ended June,
        498 words
      • 203 11 Bloomberg Business News HONGKONG Malaysian equity investment was the top performing sector for Hongkong's mutual funds in the year to July 31, providing an average 70.7 per cent annual return, according to figures released by the Hongkong Investment Funds Association. It was
        Bloomberg Business News  -  203 words
      • 309 11 MANILA Philippine telecommunications giant PLDT, which is listed in New York, topped the annual ranking of the Philippines' most profitable companies last year for the third consecutive time. Released by the Securities and Exchange Commission (SEC), the list showed PLDT chalking up 4.978
        309 words
      • 667 11 Payment Ex Books Pay date close date Ale* Hldgs 50* b 6 Aug 31 Sep 6 Sep 28 Asia Pac Ld 50* b 2TE Jul 26 Aug 10 Sep 8 BAT 2!' I 61.9 Aug 23 Aug 27 Sep 7 Bolton b 5 Sep 6 Sep 18 Sep
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      • 377 11  -  From Al Labita in MANILA A SUBSIDIARY of Keppel Philippines will begin late this year upgrading its facilities to attract more vessels seeking repairs. Estimated to cost 131 million pesos (557.5 million), the move is part of the longterm expansion programme of
        377 words
      • COMPANY BRIEFS
        • 76 12 Reuter HONGKONG China Baoan Group Co Ltd, formerly Shenzhen Baoan Enterprises (Group) Co Ltd, said its pre-tax JanuaryJune profit was 351 million yuan (5597.3 million), up 200 per cent on the same period last year. Turnover was 519 million yuan, a 49 per cent
          Reuter  -  76 words
        • 78 12 Reuter HONGKONG Stone Electronic Technology Ltd surged to HK52.25 a share in its first day of trading on the Hongkong stock exchange after opening at HKSI.92. That compares with its offer price of HKSI.26. Volume was about 21.6 million shares. The company's warrants issued
          Reuter  -  78 words
        • 93 12 Reuter HANOI Japan's Taisei Corporation and two Vietnamese state-owned firms will do the first stage construction for a Taiwanese-financed cement plant in Vietnam's northern port of Haiphong, officials said yesterday. A US$l5 million (5524.1 million) contract for the job, to start in October and finish
          Reuter  -  93 words
        • 86 12 Reuter SYDNEY Beverage group Coca-Cola Amatil Ltd said it plans to build an AS 10 million (SSIO.B million) manufacturing plant in Suva, Fiji. C-C Amatil, 51.75 per cent-owned by Coca-Cola Co, said the new plant will be built over the next 15 months.
          Reuter  -  86 words
      • 537 12 NYT SAN FRANCISCO AT&T, intent on playing a leading role in wireless communications and computing, has set the stage for a direct confrontation with Apple Computer and other companies in the emerging market for small machines that recognize handwriting. AT&T announced late last
        NYT  -  537 words
      • 173 12 Reuter SEOUL An economic slowdown and the high cost of financing took a toll on first half profits posted by listed South Korean companies, according to a report issued yesterday by a private research institute. Dongsuh Research Institute said a
        Reuter  -  173 words
      • 366 12 AFP BOMBAY Indian stock, exchanges, which arc starting to emerge from a long spell in the doldrums, need a drastic revamp to keep pace with the times and sustain investor confidence, market analysts say. Share prices are looking up after falling
        AFP  -  366 words
      • 337 12 Bloomberg Business News HONGKONG Amid a storm over the size of directors' bonuses at a Hongkong department store group, one group remained largely silent: the shareholders. While the directors of Sincere Co eventually agreed to repay a HK566.7 million (5513.8 million) bonus
        Bloomberg Business News  -  337 words
      • 412 12 Reuter VANCOUVER An independent commission charged with cleaning up the scandalridden Vancouver Stock Exchange (VSE) may use the London Stock Exchange as a model for reform. James Matkin. head of an inquiry of the exchange, said one idea was to form
        Reuter  -  412 words
    • FINANCE
      • 429 13  -  By Soh Tiang Keng SINGAPORE The Singapore International Monetary Exchange is launching a 10year Japanese government bond (JGB) futures contract on Oct 1. This yen-denominated instrument is based on a 50million yen face value notional long-term contract with
        429 words
      • SMALL CHANGE
        • 99 13 SINGAPORE Money World Asia 1994 will be held at the World Trade Centre Hall 1 from Aug 24 to 28 next year, organiser Money World Asia Pte Ltd announced at the Oriental Hotel on Aug 11. This will be the second such exhibition held in
          99 words
        • 84 13 SINGAPORE Citibank launched its first video telephone facility in the Asia-Pacific region for retail customers yesterday. Two video telephones in its Shenton Way branch banking hall allows a customer to see the citibank officer he or she is talking to. Mr Raymond Lim, Citibanking director, said
          84 words
        • 122 13 HO CHI MINH CITY Bangkok Bank, which has been in Vietnam's Ho Chi Minh City for a year, will soon open an office in Hanoi, a report said yesterday. The director of the bank's branch in the southern city, Suphot Wassuri, told the Saigon
          122 words
        • 112 13 Knight-Ridder LONDON Banque Paribas is to follow the example of US firms Merrill Lynch and Salomon Brothers in setting up a separately capitalised derivatives unit, the Financial Times reported yesterday. The new unit is Paribas Derives Garantis SNC and it is 99.9 per cent owned
          Knight-Ridder  -  112 words
      • 252 13  -  By Harish Mehta SINGAPORE The Japanese Finance Ministry has given the green light to eight banks to open representative offices in Vietnam. They are Sumitomo, Fuji, Mitsubishi, Sanwa, Sakura, Tokai, Asahi and Daiwa. Vietnamese officials say Sakura and Tokai will
        252 words
      • 239 13 Bloomberg Business News LONDON Lloyd's of London chairman David Rowland has fired a warning shot at opponents who might try to delay his business plan outlined last April. The business plan breaks with the Lloyd's market's 305-year-old tradition, proposing to let corporate investors
        Bloomberg Business News  -  239 words
      • 149 13 THE US$/yen continued to drift lower yesterday despite repeated intervention by the Bank of Japan. Over in the regional currencies, trading was again quiet and lacklustre. The US$/S$ market saw US$ demand emerge from Japanese corporates in early morning trade. The US$ re- mained bid
        149 words
      • 180 13 UPI LONDON The dollar tumbled in European trading to a new post-war low against the Japanese yen yesterday, with dealers predicting that it was virtually inevitable it fall to the 100-yen level. Having opened in London at 101.85 yen, the dollar fell during trading to a low of 100.90
        UPI  -  180 words
      • Article, Illustration
        1665 13 I raJr-uetfhml imirx iakiilat<yJ againM Spurr 's lop 14 trading panntrs Bom- war /W US$/S$ forward rates Noon Aug 16 SS BM Offer 1-month 1.6071 ***** 2-month 1.6071 ***** Vmonth 1.6071 ***** 6-month 1.6062 1 6082 Source: OCBC FOREIGN CURRENCY NOTE RATES As at ifan m Aug 1C Singapore dollars
        1,665 words
      • 270 13 SINGAPORE British reinsurer John Engestrom yesterday predicted a restructuring of the global reinsurance industry by the end of this century. This restructuring, he said, would whittle down the number of global reinsurers from the current 30 to about 10 to 15. Speaking at
        270 words
      • 88 13 AFP NEW YORK The dollar fell yesterday here in quiet trading dominated by yen purchases as the Japanese currency hit record levels against the greenback. Around 9:45 am, the dollar traded for 101 yen, against 101.10 yen several hours earlier in London and 101.80 at last Friday's close.
        AFP  -  88 words
    • FINANCE & COMMODITIES
      • 512 15 Reuter BOMBAY The relaxation of controls on Indian interest rates is helping develop a secondary market in bonds while transforming mutual funds into active portfolio managers, the head of the premier Indian credit rating agency said on Monday. "At
        Reuter  -  512 words
      • 362 15 Bloomberg ENERGY REPORT LONDON Oil futures prices on both sides of the Atlantic fell yesterday as traders said the petrol rally which help push oil prices higher last week has faded. US petrol futures soared almost S ccnts a gallon last week as several key
        362 words
      • 437 15 Reuter BOMBAY While currencies in Europe are fighting amongst themselves and the US dollar falls to new lows against the Japanese yen, the Indian rupee is expected to remain rock steady, foreign exchange analysts said yesterday. The rupee has maintained its rate
        Reuter  -  437 words
      • 131 15 Knight-Ridder HONGKONG China will open a new comprehensive futures exchange in November in an attempt to unify the country's futures markets, the official China Daily newspaper reported over the weekend. The Beijing Commodity Exchange expected to be the largest in China will trade agricultural
        Knight-Ridder  -  131 words
      • 381 15 Reuter HONGKONG Hongkong's gold exchange trading floor is shaped like a boxing ring and traders there at times seem more ready to deal blows than bullion. As spectators view action on the crowded floor from the upstairs gallery, one smartly dressed operator, angry
        Reuter  -  381 words
      • 534 15 Knight-Ridder LONDON Crude oil prices are expected to remain rangebound before the end-Septem-ber Opec meeting and the United Nations-Iraq weapons talks at the end of this month because the market is fairly balanced. Most oil industry sources said yesterday that crude stocks are
        Knight-Ridder  -  534 words
    • COMMODITIES & FUTURES
      • 1531 16 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended steady yesterday after trading within a confined range as softer-than-expected US inflation figures and sluggish economic data eased fears of credit-tightening in the US. "The market has potential to gain further from here but we may
        Reuter  -  1,531 words
      • 631 16 COMMODITY REPORTS Tin THE tin price on the Kuala Lumpur Tin Market fell 17 sen in plunging to a new all-time low of M$ 12.14 per kg on heavy offerings yesterday. Dealers said the market was weak and unable to restrict falling prices
        631 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 96 16 TOKYO Zinc prices are likely to fall no lower than US$B5O a tonne, but a rebound to the USSI.OOO-level is not expected before next year, industry sources here say. London Metal Exchange 3-month zinc was bid USSBBB a tonne at last Friday's close, compared
          96 words
        • 75 16 KUALA LUMPUR Malaysia's July crude palm oil output was 677,413 tonnes, up 7.62 per cent from June, the Palm Oil Registration and Licensing Authority said yesterday. July output was also up from 596,360 tonnes a year earlier. Output comprised 563,206 tonnes from peninsular Malaysia,
          75 words
        • 99 16 TOKYO Japanese smelters consumed 67,049 tonnes of the copper-in-concentrate imported in June, down 23 per cent from the previous year, according to figures released yesterday by the Ministry of International Trade and Industry. Stocks of copper concentrate held by the smelters in June fell 16
          99 words
        • 81 16 NEW DELHI Trading in India's wholesale vegetable oil markets is likely to remain dull and prices are likely to move narrowly this week, traders said. This is because fresh oilseed supplies are not expected from producing districts until September and the domestic demand for
          81 words
    • 1622 16 Rubber Aug 16 HAS Cimndtty ExcHang* (futures elating as at I pa) HAS (physical prteat) RSS 1 Contract (S cents/kg) Bayars SaMars Close Volume Opeii *«atl2aaaa (Scents/kg) Month High Low Sett (tonnes) Interest RSS 2 Sep 93 ***** I31.00N Sep 93 132.50 132.50 132.50 150 1.875 2 22
      1,622 words
    • REGIONAL STOCK MARKETS
      • 1122 17 14.8 Shares were swept higher yesterday, fuelled by rises in some blue chips and a slight recovery in gold stocks. "The market held very well considering we have a budget tomorrow no one expected it to be so strong," said a CS First Boston broker. News Corp, which jumped
        1,122 words
      • 598 17 +3.43 Share prices closed slightly higher as the market remained bullish, buoyed by liquidity pumped in by trade in newly listed JG Summit, brokers said. JG Summit closed at 6.90 pesos, down from Friday's seven pesos. Among the top gainers were Kuok Properties, Union Bank of the Philippines and
        598 words
      • 272 17 +4.62 New Zealand stocks edged up. following last Friday's slide and after slight gains in major foreign markets. New Zealand stock exchange's Top-40 Capital Index rose 4.62 points to end at 1.864.9, partly regaining a 0.9 per cent slide in the index last Friday. Bill and bond yields
        272 words
      • 64 17 +4.76 Share prices fell in unofficial "kerb" deals after the market closed, in continuation of a technical correction that set in with the opening of the new two-week account in specified shares, brokers said. During the official two-hour trading session, shares opened firm but retreated at the close on
        64 words
      • 556 17 -2.94 Taiwan stocks gave up early gains to close mixed after a late wave of profit-taking, but brokers said overall sentiment remained positive. The weighted index rose some 53 points in early trade but ended 2.94 points down at 4,118.60 in moderate turnover of NT$l7.lB billion. Early gains were
        556 words
      • 419 17 +25 Share prices soared on the Korea Stock Exchange in active trading as investors recovered from the shock of a presidential decree which ordered the use of real names in all financial transactions and for all financial accounts. The Composite Index of the exchange, which plummeted 60.27 points or
        419 words
    • WORLD STOCK MARKETS
      • 834 17 Britannia Funds Sterling Cash Bid Oder Mim Cap Depout I* MOO M6500 Mim knn G* AIS9) OIW Mim Mak Income ***** I 0*00 USS Cash Income Plus Fund *****0 Ml 0400 PS S Rnerve Fund ***** 5 2200 Sterling Eqaity Euro Performance 0 4592 049M Far Ea* Fund *2.7650 *2
        834 words
      • 595 17 -1.8 London stocks closed slightly lower yesterday as the effect of a number of ex-dividend shares cancelled out an otherwise firmer trend. The FTSE-100 Index closed just 1.8 points down at 3,008.3. Equity strategists and dealers said the market's tone was becoming increasingly cautious ahead of a series of
        595 words
      • 128 17 -0.78 pc Profit-taking ahead of a string of interim earnings reports sent Swedish shares to a lower close yesterday. The OMX-index, which carries a futures contract, fell 1.06 per cent to 997.62. The top-16 index was down 1.1 per cent at 1,334.97 and the all-share index closed at 1,266.34,
        128 words
      • 191 17 +5.61 Share prices are likely to move in narrow range for the rest of the week, although the 30-share DAX index has good support at 1,900, dealers said. The DAX Index closed 5.61 points higher at 1,912.19, but had declined steadily from a high of 1,931.38 reached early in
        191 words
      • 159 17 +9 Italian stocks closed higher with telecommunications companies leading the advance, while shares in Ferruzzi Finanziaria SpA lost ground, traders said. Milan's MIB Index ended the day up 9 points at 1,305. "The only out-of-tune note today came from Ferruzzi Finanziaria." said a trader at Pasfin. Ferruzzi Finanziaria ended
        159 words
      • 336 17 -8 South African gold shares bounced back from sharp declines last week in posting hefty percentage gains as gold made strides above US$37O an ounce. But dealers said major investors had avoided the market as they remained reluctant to return to gold until the price looked certain to attract
        336 words
      • 276 17 +1.11 Strong demand for selected issues helped the Dutch share index nudge to a new all-time closing high, though dealers remained nervous of the biggest gainers and the broad market was mixed across a wide range. The EOE Index closed up 1.11 points at 350.78, nudging over its latest
        276 words
      • 292 17 +10.22 Swiss shares could be set for further gains, although profit-taking could take the steam out of any upward movement, dealers said. The broad SPI rose 10.22 points to a new record high of 1,567.72 The blue-chip SMI rose 17.9 to new record of 2,478.9. Interest rate hopes could
        292 words
      • 302 17 +3.37 Toronto stocks continued their gradual rise at midday yesterday led by gold stocks, dealers said. The TSE 300 Composite Index improved 3.37 points to 4,017.99 in midday trade of 25.85 million shares for a value of C 5263.69. Declines led advancing issues, 290 to 264, with 298 unchanged.
        302 words
      • 763 17 13.14 Strength in telecommunications and some high technology issues kept Wall Street stocks trading higher into the mid-afternoon yesterday. "Technology stocks are taking off," said Alan Ackerman, executive vice-presi-dent of Reich and Co. "Clearly they are following the ATT situation." Analysts said American Telephone Telegraph's pact to buy
        763 words
    • Article, Illustration
      2703 18 Bloomberg Business News HONGKONG Stock prices stormed to a record high close yesterday, led by banking group HSBC Holdings and its subsidiary, Hang Seng Bank, on expectations of strong first-half earnings growth from major companies, traders and analysts said. "The money is there and the confidence is there," said
      Bloomberg Business News; Source: Bridge Info  -  2,703 words
    • Article, Illustration
      523 18 OVERALL share prices on the Shanghai B market ended slightly lower yesterday after last week's impressive performance. The CLSA Shanghai B Index gained 25.29 points to close at 871.29. Outer Gaoqiao was the most actively traded counter closing 2.3 per cent down on a turnover of over US$l million.
      523 words
    • Article, Illustration
      2519 18 Reuter TOKYO Stocks recovered from large morning losses to end higher on arbitrage buying led by steady Nikkei futures prices, brokers said. Renewed hopes of a cut in Japan's discount rate lifted the futures market, supporting sentiment in the cash market. "The impact from news about Cosmo Securities ended
      Reuter; Source: Bridge Info  -  2,519 words
    • Article, Illustration
      1676 18 BANGKOK Weak second quarter corporate earnings induced investors to shed shares near the end of trading yesterday, brokers said. The SET Index closed 10.33 points, or 1.07 per cent, lower at 954.29 on a moderate 6.27 billion baht turnover. Losers outnumbered gainers by 182 to 76. Bangkok Land fell
      Source: Bridge Info  -  1,676 words
    • Article, Illustration
      720 18 Reuter JAKARTA Most Jakarta share prices closed higher with several banks registering strong gains in active trading yesterday, dealers said. The oiTicial index closed at 382.01, up from Friday's 379.94. "Investors believed that Bank Internasional Indonesia, Bank Duta and several other banks will post good half-year results thereby speculation
      Reuter; Source: Bridge Info  -  720 words
    • 2534 19 Source: Bridge Info Source: Bridge Info Gr Gr IM3 Last Vol Day Last Quote Dh l)h >U Net M Cap High Low (om pa ii> Sale ("0001 High Low Bayer Seller S CNr P If. Smil MALAYSIAN STOCKS 159 102 MSB 50c 136 *d 136 150 5.0 0.8
      Source: Bridge Info  -  2,534 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        5349 19 Source: Bridge Info INCHCES TURNOVER Close Proton Chaoor KLSE Composite ..772.76 771.91 +0 85 NST Industrial 4320.50 4322.16 -166 NST Finance 6023.20 5942.42 +80.78 NST Properties .1387.47 1372.79 +14 68 NST Tins 1473.38 1306.04 +167 34 NST SKubbcrs *****7 *****8 +57 99 I mover (D00) Total volume 304.336 326.131 -21.795
        Source: Bridge Info  -  5,349 words
      • 253 19 Bernama KUALA LUMPUR Share prices here closed off their highs yesterday after profittaking trimmed earlier gains. Blue chips, which led gains on bargainhunting. retreated under light selling as investors cleared some of their positions for profits on continued lack of fresh
        Bernama  -  253 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1142 20  -  By Quak Hiang Whai SINGAPORE Singapore stocks ended mixed yesterday but finance stocks came under heavy selling after the last of the Big Four banks disappointed investors by not declaring a bonus issue. Brokers say the market had turned cautious with Malaysian
        Source: Bridge Info  -  1,142 words
      • 6746 20 MAW BOARD Cf Or 1993 Last Vol Dn Last Ohk Dt> Dh VM >d M Cap High Low Compaay S«k (WO) High Low Bayer Srlkr Or P/E Sad INDUSTRIAL AND COMMERCIAL 840 260 Aetna 785 -15 208 800 785 780 785 12.5 2.1 1.6 34.0 541.1 220 220 s Alex
        6,746 words
      • Article, Illustration
        72 20  -  HOT STOCK Quak Hiang Whai FAR EAST Levingston's share price is on an uptrend, having established three consistently higher tops and bottoms in the last two months. But the upside potential is getting limited as the stock is becoming heavily over-bought. It also faces a major resistance at $6.00.
        SOURCE: BRIDGE INFO  -  72 words
  • Page 9 Advertisements
    • 98 9 B€ L f jll j/r i Chrooograpk. State-of-theart, high- precision autoßoatic self-winding /§i f movement. 36*000 vibrations per t I|> hour. Three-piece case. Date register. Three independent dials record the seconds, minutes and hours. Tachometer measures speed per hour. Non-glare scratch-resistant sapphire crystal. Five year interjJ natlona limited warranty. Precision
      98 words

  • Page 10 Advertisements
    • 527 10 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 btoflMnf fee*pita v btoiMMf McS* NUtf (hMMyliplhM il '*1 Iffnull if jK -i- Ml mi imi mi LM ,i <S4 flmfc mT/OO «X Mfa| ttll mta lift fcrrfbf* I*3 it 100*1. frib b Wwm maumoumom I IKMMTXM Of COMPANY IhtitCinarbvMtetdMiriMM* i
      527 words
    • 145 10 mimmmms -f-b0 (Sfflzi) ±^F+Bt «a»(»fliP«) rZi&£s 'irXm®£ «g£tt B*il#T #itAHa)S#» »ttlt«: -X*. *AJ!+-tBM-+-B »*ttA: <>*** V y NEVADA BOB'S. GOLF CHANGE TO SUITABLE SHAFTS TO IMPROVE YOUR GAME ItTypaa of True Tampar shafts Full set 9 Irons 3 Woods Graphite shafts from $35/- (Umi* i I 8 Models of Aldilaßo™
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    • 64 10 Special J\ Shark's Fin Lobster SetW/M: $188" Ml (FOR 10 PERSONS) Jjj j j 'Jjj j t Lobster Salad with Shark's Fin with Spring Chicken Soya Bean Crumbs Deep Fried Prawns Duck Meat in Bun with Pu-Tien Fried Noodles /ft "eKM Du^ k g Daily 11 am-2.45pm I MAPLE LEAF
      64 words

  • Page 11 Advertisements
    • 668 11 _,v Uvaser quality I pwwhM»t Review ■j/ mmmmm ■"—f iw— ■mar" i #Jfes&2S ?"f'::f >" printer. plications such as Write, W really impossible to Ami Pro, Mlcrografx De- wi jarpii Mi W> 319&1 from a mixed batch of signer and Quattw Pro I prints which are from the spreadsheet; on
      668 words

  • Page 12 Advertisements
    • 259 12 GIVE YOUR MCE THE EXECUTIVE IMfIIMHiT Removed w n6S the look of Sm tired baggy eyes JggflMjjHflF Diminished JpW the onset of Diminished- Diminished the start of the the formation of double chin' vertical 'age sags' The look of style and confidence displayed by certain men comes from having their
      259 words
    • 122 12 TWO TROPHY I site on Auckland s A Wellington I Golden l|LlllF Major Corporate Tenant jfl I IVI 111 I Substantially leased to 2009 ffl I Two buildings on a corner site I I Corporate tenants include Colonial l M 1 Retail tenants include NZ Post ®K" l I Tenants
      122 words

  • Page 13 Advertisements
    • 403 13 I 2 I SJNGAPOfIC MSTTTUTI Of SU*V€**S ANO VAUJEM DIPLOMA IN REAL ESTATE MARKETING A '?>. -A part-time course leading to a professional diploma by the Singapore Institute of i- s > 'j'< f Surveyors and Valuers (SISV), with the support of the National University of Singapore. This qualification will
      403 words

  • Page 14 Advertisements
    • 148 14 NCR can make your existing data take new shape., evolve into fresh ideas and translate H into increased revenues. UH The sheer computing power our processors has in the way our Now they can information from the flood data by their company to make informed of guesses. This new information
      148 words

  • Page 15 Advertisements
    • 110 15 El Northern Territory, H Australia Adjoins Katherine Township. 4410 Brahman Cross-herd. Size 3809 km 2 with 40 km Katherine River frontage. 15,000 head carrying capacity. Well managed. Auction 11.00 am Friday, September 17, 1993 at the Travelodge Darwin. J Austraian Mango Farm H B Northern Territory, K| Australia O Australia's
      110 words
    • 127 15 MiIMBBIiBM I ufwvi Factoring Improved Cash Flow Foe o compony to you Mid Fodofi/ your busivi§u couM |flbi covo of on your bilidf* funds os woi ot bmiginotlon. o frosh impetus for growth, Uke Todoy, wo oro Slngoporo's lorgoet I—M- f*4f r -L 0 > cipvcNiviy f* jrw rw on
      127 words

  • Page 16 Advertisements
    • 254 16 li CATHAY PACIFIC— Wk HIGHLIGHTS Return Airfare on Cathay Pacific Four la igl Nites First Class Accommodation at Prince Hotels (To- Vl Pir kyo) Daily American Breakfast Return APT/HTUAPT w J y\ Transfer Option to Stopover in Hongkong, Bangkok or HIGHLIGHTS Return Airfare on Cathay Paafic AcJ commodation at Deluxe
      254 words
    • 35 16 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead Make new business contacts through classification 203 in The Straits Times I Classified. c.a.t.s. 1737-11**
      35 words

  • Page 17 Advertisements

  • Page 18 Advertisements
    • 38 18 We're the blue chip choice in graphic design j </) Whether vou re lucratively local or going global, call the specialists in publications 40* design and writing at lei 227 •Pn »spcc tildes Good Design Makes The Difference! 1
      38 words

  • Page 19 Advertisements
    • 26 19 I With over 170 million cards honoured ■Hyfi|R||Pf' at over 10 million establishments, in vowiiond^Anrf^iyefigS^^S access|o|a^<»Woo^KK^nlc YOU'VE GOT THE WHOLE WORLD ATMS WOHdwide* IN YOUR HANDS
      26 words

  • Page 20 Advertisements
    • 143 20 Saving on laser printing costs is easy with Laser Care Toner Cartridges they're 40% cheaper with no loss in quality! That's because of our OEM* process, plus the fact that we deal direct with our customers. You'll also achieve up to 5,000 copies per cartridge, versus the normal 4,000, thanks
      143 words

  • SPORTS
    • 1151 21 75th PGA Championship Golf NYT Reuter TOLEDO, Ohio Perhaps it is simply not meant to be for Greg Norman at the Inverness Club. Or perhaps it was just Paul Azinger's time. Either way, nothing but fate can describe the dramatic end of the
      NYT; Reuter  -  1,151 words
    • 530 21 4th World Athletics Championship AP STUTTGART, Germany No doubts, no asterisks, no what-ifs this time. Linford Christie is undeniably the world's fastest human. The British sprinter backed up his 100 m victory at the Barcelona Olympics with an emphatic win on Sunday over a starpacked
      AP; Reuter  -  530 words
    • SPORT SHORTS
      • Article, Illustration
        116 21 AFP STUTTGART World Championships finals results Sunday MEN 100 m: 1 Linford Christie (GB) 9.87 sec (Euro rec) 2 Andre Cason (US) 9.92 3 Dennis Mitchell (US) 9.99 4 Carl Lewis (US) 10.02 5 Bruny Surin (Can) 10.02 (Nat Rec) 6 Frank Fredericks (Nam) 10.03 7 Daniel Effiong (Nig)
        AFP  -  116 words
      • Article, Illustration
        70 21 Reuter NEW YORK American League Sunday: Toronto 9 Boston I; NY I Baltimore 0; Texas 4 Cleveland 1; Milwaukee 6 Detroit 4: Kansas 7 Chicago 5; Minnesota 12 Oakland 5; California 14 Seattle 2. National: Montreal 7 St Louis 1; Philadelphia 5 NY 4; Pittsburgh 4 Florida 3 (in
        Reuter  -  70 words
      • Article, Illustration
        165 21 AP LUMBERTON, North Carolina The father of basketball star Michael Jordan was murdered during a random highway robbery, authorities said. Two teenagers were arrested. Phone calls made from the cellular telephone in James Jordan's car alter his killing helped lead to Sunday's arrests. Authorities said James Jordan had stopped
        AP  -  165 words
      • Article, Illustration
        115 21 Reuter TOLEDO, Ohio Following are the 10 players who earned berths on the US Ryder Cup team bused on points accumulated through the PGA Championship, which concluded on Sunday (listed in order of points earned, with previous Ryder Cup record): Paul Azinger (2 Ryder Cups five wins, four defeats,
        Reuter  -  115 words
      • Article, Illustration
        80 21 Reuter Reuter MANHATTAN BLACH, California U*****,000 Virginia Slims of Lot Angeles tournament finals on S—day Singles: Martina Navratilova (US) b Arantxa Sanchez Vicario (Spn) 7-5 7-6 (7-4). Doubles: Arantxa Sanchez Vicario (SpnVHelena Sukova (Cze) b Gigi Fernandez (USVNatalia Zvereva (Belarus) 7-6 (7-4) 6-3. Reuter MASON, Ohio US$l.65 million ATP
        Reuter  -  80 words
  • Page 21 Advertisements
    • 582 21 CHRISTIANIA BANK 1 CHRISTIANIA BANK OG KREDITKASSE Head Office: P.O. Box 1166 Sentrum, 0107 Oslo 1, Norway Singapore Branch: 331 North Bridge Road, *21-01 Odeon Towers, Singapore 0718 All figurws In NOK million Balance Sheet Statement of Income as at 31 December 1992 'or the year ended 31 December 1992
      582 words
    • 180 21 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 This announcement appears as a matter of record only DL PROPERTIES PTE LTD 5GD250,000,000 Credit Facilities In connection with the refinancing of The Quadrant Arranged by NDC Merchant Bank Ltd fixed rate term loan faciuty standby revolving credit facility Lenders Lead Managers DBS
      180 words

  • Page 22 Advertisements
    • 633 22 Nothing Beats A Bud, ftaafl OF Taiwan VEGETARIAN FOOD From 10 August (for 2 weeks), Tien Court Restaurant introduces Taiwan Vegetarian Food. You have 25 items to choose from the ala carte menu or two set menus at $368++ and $428++. Food vouchers from $30 to 135 will be given
      633 words
    • 273 22 WHERE TO WINE, DINE AND ENTERTAIN Our Bird's Nest will please your palate as well as your pocket. We've just added Bird's Nest delicacies to our menu at really 4SvkHI T affordable prices. Whether it's a Bird's Nest main dish or dessert*, you won't be disappointed. In fact, you'll be
      273 words
    • 345 22 Taatm a now country SSI Tfc* TlwMai Ortlmmm Lunch: Noon -2. pot Onty $30+-*- por porton. ■HH u ws Paramount Hotel's Annivers^y August to 30lh September '93 Enjoy our grand celebrations and win BIG! Celebrate our 10th Anniversary with 1 us and win yourself a free trip to Jg?' A
      345 words

  • LIFESTYLE
    • 515 23  -  Jill Serjeant reports on the opening of the world's biggest arts festival, the Edinburgh international festival Jill Serjeant Reuter Three weeks of non-stop entertainment featuring dancers, musicians, actors and film makers from all corners of the earth kicked off on Sunday when the curtain rose on the world's
      Reuter  -  515 words
    • 496 23  -  Susan Tsang savours a unique blend of tastes created by a chef from Down Under Susan Tsang AS A CHILD, Neil Perry spent his playtime hanging out with his Asian friends, in whose homes he had his first taste of Asian food. And little did he
      496 words
    • 401 23 CHATTERBOX UPI HOCKEY-masked madman Jason is hanging up his machete after maiming and murdering 101 teenagers in a series of Friday the 13th movies. "Which is okay, I guess. I mean, I would have been so upset if 1 had only hit, like, 99," said Kane
      UPI  -  401 words
  • Page 23 Advertisements
    • 173 23 Wr 1 OVERSEAS?] You can get newspapers magazines distributed by SPH from any of the following newspaper agents: Brunei: Current Newspaper Agency Tel: *****9; Fax *****43 Far East Newspaper Service Tel: *****2; Fax *****02 Hai Bin Book Store Tel: *****9; Fax *****95 Sena Book Store Tel: *****0; Fax *****86 Indonesia
      173 words
  • Page 23 Miscellaneous
    • 1314 23 TV RADIO Videofashion, 9.00pm, SBC 12 French designers discuss fash- .J j^H ion's future as Karl Lagerfeld j4vQ jtalks on modern dressing while jT^Lk fashion rebel Martine Sitbon t. Wr, struts her stuff. The Rangers of Nepal, 9.30pm, In Nepal's rangers fight a battle against poachers who threaten to wipe
      1,314 words

  • PROPERTY & CONSTRUCTION
    • REGIONAL SKYLINE
      • 68 24 SINGAPORE The School of Building Estate Management of the National University of Singapore is holding a half-day seminar this Saturday on property investment in overseas markets. Speakers at the seminar will address the opportunities and pitfalls of investing in London, Australia, New Zealand, China, Thailand
        68 words
      • 108 24 SINGAPORE OMNI Hotels Asia-Pacific signed an agreement last week with Indonesia's Tamara group to manage the Omni Batavia Hotel in downtown Jakarta. Construction of the 380room deluxe hotel has started with the soft opening targeted for mid-1995. This brings Omni's portfolio of hotels
        108 words
      • 88 24 SINGAPORE The Singapore Institute of Surveyors and Valuers announced last week the launch of a diploma course in real estate marketing. The four-year part-time course is scheduled to start in January 1994. Each academic year will be divided into two terms of 15 weeks each
        88 words
    • 623 24  -  Tenants are taking advantage of lower rents to move into better premises, keeping accupancy levels high in premium locations, reports Alan Boyd Alan Boyd The writer is a Bangkok-based journalist who contributes to BT Thailand is expected to face a glut of office accommodation
      623 words
    • 876 25  -  A J Leow profiles local company Four Seas Construction's early days from a contractor to property developer A J Leow SINGAPORE Breaking new heights. That is what Four Seas Construction managing director Stephen Tan has been doing for the family-run business since he took
      876 words
    • 257 25 Selected ERA transactions in the past week DMrict Projiet Type •"gjjp Tenure **ff» Stptf PWATE Aug 10,***** 0511 Pasir View Parte Apt 1862 FH 820,000 440 Aug 12,1993 0820 Hoa Nam Bkjg Apt 880 FH 295,000 335 Aug 12,1993 1439 GeylangLor4 Apt J227 FH 378,000 308 Aug 10,1993
      257 words
    • 168 25 Reuter THE Real Estate Investment Trust (REIT), an investment tool from the 1970s and 1980s, appears to be making a comeback in the US property market. Institutional investors are increasingly looking to the bottomed-out real estate market as a growth-oriented area and REITs as
      Reuter  -  168 words
    • 274 25 South China Morning Post IT IS music to the ears of businessmen. But traditionalists are unlikely to favour the tune. For the former summer homes of Chinese leaders such as the late Mao Zedong and Zhou Enlai ait on the verge of
      South China Morning Post  -  274 words
  • Page 24 Advertisements
    • 211 24 v v W| -i? Kl9i*> r i J J Hi i w I 1 l&M ■Bl Like Taiwan, We Know How to Take Care of Business Taiwan has emerged as one of the world's foremost enjoy the extra leg room. Then, choose from economic players. With this has come extensive
      211 words
    • 169 24 INVESTMENT OPPORTUNITIES STUDIO APARTMENTS IN SYDNEY FROM ONLY $78,500. AT THIS PRICE, STUDENTS WILL RETURN FROM AUSTRALIA WITH A LOT MORE THAN JUST A DEGREE. Ideal student accommodation. Prime locations near universities, colleges, CBD. Close to all major amenities. 24 hour security. 7% rental guarantee for 2 years. Excellent capital
      169 words

  • Page 25 Advertisements
    • 196 25 You just can't beat a Jetabout China tour. We use experienced English speaking guides, have guaranteed departures and give you maximum flexibility of departure dates. China is a big country, but we have a wide range of different tours to cover exactly die points of interest you want to see:
      196 words
    • 174 25 (SPSS SINCERE WATCH LIMITED (Incorporated in the Republic of Singapore) Invitation in respect of 13,000,000 New Shares of $0.25 each comprising (a) 10,752,000 Offer Shares at $0.70 for each Share by way of Public Offer; and (b) 2,248,000 Placement Shares at $0.75 for each Share by way of Private Placement
      174 words

  • 531 26 EDITORIAL THL SPECTRE of unemployment is not something that stalks the minds of many Singaporeans, and it is plain to see why. Except for one recession in the mid-1980s, it has been an unbroken record of rapid growth. Yet. amid the strong optimism about Singapore's
    531 words
  • WHAT THE OTHERS SAY
    • 219 26 THE LACK of a parliamentary majority has made Indian Prime Minister Narasimha Rao's government cautious in some areas of policy which are considered politically sensitive, especially labour laws and privatisation of state-owned enterprises. Last month, the no-confidence motion against Mr Rao was defeated by a
      219 words
    • 96 26 THE Prisons Department is trying out a new drug to help reduce hardcore addicts' temptation to use heroin. Said to be successful in the United States, its local usefulness will become clear at the end of the two-year pilot scheme. While we hope that the
      96 words
    • 190 26 VICTORIA Secondary school and Tanjong Katong Girls' School will be offering CLI and MLI courses from next year to the top ten per cent PSLE scorers. This offer is worth applauding because in view of the anticipated shortages in qualified language teachers, there is a need to
      190 words
    • 191 26 THE DELUGE of publicity which preceded the airlift of five-year-old Irman Hadzimuratovic from besieged Sarajevo might not bode well for the Bosnians struggling to keep their statehood alive. The degree to which world opinion had to be goaded into action to save the seriously
      191 words
    • 97 26 THE WAY society treats its poor, weak and sick is the real test of civilisation. So when protesters smash the windows of a resources centre for Down's syndrome children and put up slogans threatening the lives of the organisers, they do not just shame themselves they
      97 words
  • 857 26 Asahi Shimbun, in an editorial last week, said it is essential for the new prime minister to make clear how he perceives Japan's role in the world IT IS well understood that Prime Minister Morihiro Hosokawa, inundated with this demand and
    857 words
  • Page 26 Advertisements
    • 312 26 Nows your jji chance to pay II tribute to AI the spirit of lift entrepreneurship ■II Bf Cast your nominations for this years Singapore Business Awards Business Times, Singapore Ixuinea daily, and DHL Worldwide Express, the leading international air express company, first started an awank scheme I to honour bingspure
      312 words
  • Page 26 Miscellaneous
    • 202 26 Un^g^vc R g<; I We. su*u, MAVC BUT F\ Pewy muow DiD VOU G£.t\ 1 5 cf*Y oeex.- V p\ DPW.. J FoR OLD K€J*U>I>TS I Less HOUDRVS.. COSA v v pReseAJT? J VG€Jg*v- lITl* iffik fa TOTBL Cfr-J /&GJS2S OUT THC OLD N v y \c>4esreg-Pe.gRV CAMOCUTEOHCWM>AftI»SI.TP,ma.HM V*9P DOONESBURY
      202 words

  • ANALYSIS
    • 718 27  -  The aborted Russian-Indian rocket technology deal Leon Hadar discusses how Washington sold the idea to Moscow, and the possible repercussions on US-India relations Leon Hadar The writer is a Washington-based journalist who contributed this article to BT AT THE urging of the United States, Russia
      718 words
    • 1217 27  -  Yogi Aggarwal says India does not need the cryogenic rocket engine to develop ICBM capability Yogi Aggarwal The writer is an Bombay-based journalist who contributed this article to BT IT IS a measure of the speed of shifting alliances in world politics that two years
      1,217 words
    • 814 27  -  John Helmer finds Moscow scrambling to convince customers that the deal that fell through was an exception John Helmer The writer is a Moscow-based journalist who contributed this article to BT Recriminations over the Russian decision to cancel a contract to supply
      814 words
  • Page 27 Advertisements
    • 273 27 The More Profitable Companies Of The Future Will Be The Ones To Include Selangor In Their Strategic Plan! Find Out All The Necessary Information At Official Opening And Keynote Address By YAB TAN SRI DATO' MUHAMMAD BIN HAJI MUHD TAIB Menteri Besar Selancor Luncheon Keynote Speaker YB DATO 1 SERI
      273 words

  • 440 28 Reuter SHANGHAI Beijing plans a record treasury bond issue next year, but will again force much of the paper on its citizens and require banks to soak up most of the rest, a Shanghai newspaper reported yesterday. The planned value
    Reuter  -  440 words
  • 254 28 AP TOKYO A factory that produced 60 per ccnt of the world's supply of a key semiconductor ingredient until it exploded last month is likely to reopen much earlier than expcctcd, the company said yesterday. The July 3 explosion at Sumitomo Chemical Co's
    AP  -  254 words
  • 277 28 AFP BEIJING Chinese and British negotiators ended the first day of talks here yesterday on expanding democracy in Hongkong after a brief summer break during which both sides said they had worked hard making preparations. Britain's chief negotiator Ambassador Robin McLaren said the talks were
    AFP  -  277 words
  • 223 28 Reuter WASHINGTON US industrial output rose 0.4 per ccnt in July, its strongest rise in five months, but much of it was due to a surge in electricity usage during a heat wave, the Federal Reserve said yesterday. Output from utilities jumped
    Reuter  -  223 words
  • 385 28 Sunday Morning Post HONGKONG In a joint venture with Beijing Real Estate Development and Management, Henderson China Investment has taken over a controversial property project in the Chinese capital. This follows the withdrawal from the project by Malaysian tycoon Robert Kuok after
    Sunday Morning Post  -  385 words
  • 222 28 Reuter LONDON Gold prices rose yesterday on buying by investment funds but bullion dealers rejected weekend press reports that international financier George Soros was back in the market. British newspapers had reported that the gold holdings of Mr Soros, who bought
    Reuter  -  222 words
  • 783 28  -  The Bottom Line PATRICK DANIEL PATRICK DANIEL The writer is editor of Business Times IT WAS an illuminating lesson in economics which Prime Minister Goh Chok Tong delivered in his National Day rally speech on Sunday night, it could have been called:
    783 words
  • Page 28 Advertisements
    • 139 28 f Singapore's most popular Nitsukoifts Telephone System F. HAIR LOSS THINNING PROBLEM? Professor Higuchi's Professor Higuchi's AEROP is a A New Weapon For device using Japan's technology iteirßrobtem^^ to treat hair problems. AEROP's innovative hair revolution is able to help your hair weaving process W V painful treatment of I
      139 words
    • 95 28 Gold price swings transform HK exchange. Pg 15 htKWE&tM A Critical Training course for all senior decision makers! Detailed Sessions Focusing on: A THE lAW OF CONTRACTS NEGOTIATION OF CONTRACTS A PROTECTION OF SHAREHOLDERS A COMPANIES PARTNERSHIPS MANAGEMENT CONTROL A DIRECTORS' DUTIES UABIUTIES A THE RIGHTS OF CREDITORS Update yourself
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    • 113 28 f SimQAponE CO/MM Distributor of the most sought after Key Telephone System Tel: 278 7088 J It's alright With the uni-ball micro BHS^H rolling pen, water-resistance is just one of its outstanding qualities. UB 155 The Uni-ball Micro Deluxe rolling thus allowing clearer impressions ballpoint pen uses a special with
      113 words

  • SHIPPING TIMES
    • 340 29 Knight-Rid-der RIO DE JANEIRO Terms for privatising Brazil's debtplagued government shipping company, Lloyd Brasileiro SA, will be set within the next three months, as the company's new board reorganises finances and operations. By mid-November, the National Economic and Social Development Bank is due to
      Knight-Ridder  -  340 words
    • 518 29  -  By Dexter Lee SINGAPORE Singapore Offshore Petroleum Services Pte Ltd (Sops) will launch a door-to-door shipping service between its base in Loyang, Changi, and the Indonesian island of Batam on Sep 2. The new tug-and-barge service is the brainchild of Sops' new parent,
      518 words
    • 128 29 UPI MACAU Rescuers have recovered the bodies of two Belgian nationals who drowned when a dredger working on the new Macau airport sank in Chinese waters, the harbour master's office said last Friday. Four other men three Belgians and a Filipino were missing
      UPI  -  128 words
    • 848 29 Page Col ABC Containerize 12 1 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 Appenship 18 1/2 Alpha Feeders 6 1 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9
      848 words
    • 249 29 Reuter RIO DE JANEIRO Brazilian port workers may intensify a slowdown that has reduced operations at the nation's ports if they do not reach a labour contract agreement with shipping companies in the next few days, port and union spokesmen said last week. "The
      Reuter  -  249 words
    • 400 29  -  By Ramesh Divyanathan SINGAPORE The Port of Singapore Authority (PSA) and Singapore's Big Four shipyards have formed a joint venture to take over the treatment of slop and sludge, waste products from shipping and shiprepair activities. The PSA explained in a statement
      400 words
    • SHIPS IN PORT
      • 629 30 tewl Voy Wo B«rtti Anvil Dtpartoe Vessel Voy No Berth Arrival Departtre Jurong Port Mam 9308 P04 alongside 17 08/0/00 Asa Venture 24 18 alongside 1708/0600 Marine P 16/08* P01A alongside 1608 1800 Bhsstul Reeler 9314 12/3 alongside 1708/1500 Mas la,a 12/93 P02 alongside 1608/2300 Bcaslagi 13/93
        629 words
      • 1507 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Record Boofcinf/Babnce Rdts Ship Voy No Etb/Btr Period From To From A Abraham ***** 18/2330 2 16/1700 17/0659 17/0900 4 17/1200 17/1459 17/1700 Ac* Snan 79* 18/1500 1 16/1500 16/1659 16/1900 3
        1,507 words
    • 10646 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls
      10,646 words
    • 3368 43 A XjLBC tonteinerline NV: Belsin Shpg Agencies Pie Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Lid
      3,368 words
    • 272 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Airs wilt Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies St
      272 words
    • 1501 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax. *****05. TeTs42*-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air Market Express
      1,501 words
    • 2399 44 ALBANIA Dvm; Five vessels in port discharging of which 2 flour, 1 cheese, 1 bricks, 1 general cargo. ANGOLA Luanda: Port working normally, no reports of delays to any class of vessel. Lobito: Port working normally, traffic levels low. ARGENTINA Santa Fe: No vessels, none in roads, max
      2,399 words
    • 1024 44 SHIP SALES TANKER RATES AFP THERE has been a marked dropping off in activity, which is only to be expected with the holiday season in full swing. This is reflected in the lower volume of sales being reported during the week. Following earlier reports, it now seems that the handymax
      AFP  -  1,024 words
    • 556 44 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TOO AY NCA K.Z203 B747F 0145 1 NRT S1A SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 1 SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL617 B747F 0345 I TYO
      556 words
    • 234 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Air Dep Name of Vessel ETA ETD Ports of C alls Port Agent Telephone No AUGUST 21 21 Leisure World 1200 1900 Cruise to Nowhere Lauw Sons Travel 227-8284 22 22 Leisure World 0900 1900 Cruise to Nowhere Lauw Sons Travel 227-8284 24 24 Leisure
      234 words
    • 724 45 THE BALTIC Freight Index for spot dry cargo shipping rates rose to 1,355 on Aug 13 from 1,349. The rate for Panamax grain cargoes on the US Gulf to Japan run continue to improve for late August-early September shipment, brokers said. Yukong was said to have booked Halla
      724 words
    • 993 45 COURSES Title: Import/Export and Shipping Procedures (SDF 50%) Duration: Aug 19 Organiser Elim Management Services Tel: For further details and application forms contact tel: 292-5670. Title: International Freight Forwarding II (SDF 50%) Duration: Aug 20 Dec 7 (31 evenings) Organiser: Singapore Freight Forwarders Association/PSA Tel: All courses are
      993 words
    • 1431 46  -  Creative Chinese capitalists are causing a few raised eyebrows at the Federal Maritime Commission, reports Bruce Vail Bruce Vail AN ANCIENT Chinese ideogram recognises the similarity in meaning between "danger" and "opportunity" by employing the same symbol to embrace both concepts. New developments in
      1,431 words
    • AIR AND LAND TRANSPORT NEWS
      • 476 48  -  By Juliette Walker SINGAPORE US and European airlines are revving their engines, waiting for advisory committees on both sides of the Atlantic to plot their course for recovery. On Thursday, a commission appointed by the Clinton administration is expected to release
        476 words
      • 527 48 Reuter DUESSELDORF, Germany German police early yesterday seized an Egyptian hijacker who had been holding a KLM airliner and two crewmen hostage to win freedom for a Muslim cleric jailed in New York. Commandos rushed into the Boeing 737-400 jet just after the pilot and a
        Reuter  -  527 words
      • 442 48 Knight-Ridder VANCOUVER A group of Canadian shippers and forest companies last week called on the government of British Columbia to act to end an eight-week-old industrial dispute at BC Rail. Tony Jarrett, president of Fibreco Export and spokesman for the group,
        Knight-Ridder  -  442 words
      • 436 48 AFP SYDNEY The US carrier United Airlines is challenging Australian airline policy, accusing Canberra of "unlawfully restricting" access to lucrative Ja-pan-Australia air routes and throwing Prime Minister Paul Keating into conflict with his sister. The challenge, lodged in Canberra on Monday,
        AFP  -  436 words
      • 362 48 NYT NEW JERSEY The Hertz Corp, the world's largest rentalcar company, has named Craig Koch, an executive at the company for 22 years, as president and chief operating officer. Koch, 46, was previously the president of the North American Rent-A-Car division, a post
        NYT  -  362 words
      • LOG BOOK
        • 82 48 Reuter BEIJING China's largest joint venture in port construction and biggest container company went into operation in Shanghai, the Xinhua news agency said last week. Shanghai Container Terminals has a registered capital of 2 billion yuan (SSS7I million) and is jointly funded by Shanghai Port
          Reuter  -  82 words
        • 105 48 Bernama KUALA LUMPUR A conference on "Port and Ship Security Examining Current Methods in Risks Assessment and Loss Management" will be held here on Sep 14. Among the topics to be discussed are marine pollution, handling hazardous cargo in port and on ship, port
          Bernama  -  105 words
        • 92 48 Reuter JAKARTA The last surviving passenger from a plane crash in Indonesia's Irian Jaya province has died in hospital, bringing the death toll to five, the official Antara news agency said last Friday. Four people two Australians, an Indonesian and a Briton were killed
          Reuter  -  92 words
        • 86 48 AFP JAKARTA Road accidents ranked highest among accidental causes of death in Indonesia, killing an average of 26 people a day, daily newspaper Merdeka said last Friday. "Based on the statistics, an average of 26 people are killed per day in road accidents in
          AFP  -  86 words
        • 68 48 UPI LONDON A Royal Air Force helicopter on a training flight crashed last week into a lake in northern Wales, leaving four survivors and three missing passengers, officials said. The Wessex training helicopter from Rid* Valley in Anglesey was carrying seven people on a training
          UPI  -  68 words
      • 1355 48 Ctty ETA rag* I Abo Dfcabi GA893 1630 GA974 1940 MriaMa QF81 1930 QF82 2055 MHw GA895 1435 SQ320 1100 KL837 1445 GA974 1940 SQ323 1725 KL838 2310 Mwi SQ348 2300 Aackiand NZ35 1550 SQ288 2015 SQ286 2030 NZ36 2340 SQ288 2030 GF148 0905 B S«ri
        1,355 words
  • Page 29 Advertisements
    • 30 29 If you want H thereJ us today, a Z GR^2NK»IETIC-*****Mj Chinese capitalists raise a few eyebrows at US maritime agency, Pg 18 US, European airlines battle for survival, Back Page
      30 words
    • 25 29 Linos and sorvlcos rafmNM Mlrtin of tho Registry of Accroditod |?H/SeV] Shipping Amts, Singapore flitlnil Sl#ping Association. For advertising enquiries, contact Shipping Vines: Tel 740-2089/740-2090
      25 words
    • 33 29 International Freight Forwarder EUROPE LCL FCL Services -*****00 M+R FORWARDING PTE LTD STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times WtKNOWASU
      33 words

  • Page 30 Advertisements
    • 442 30 r 7 TSKIJNE AGENCES (S) PTE. LTD. j ZmhA T 17 "W |\TTI Tel: 226-3363 I M* #k3«-IV« JuJJNZL Fax: 226-1972/3 ijilfW 7 w—w W Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I 19 SIC WO C Ptawg 15 HU» 22M OCX Kg m **16.00 "10.00 17.01
      442 words
    • 1240 30 J" 10 1? Tt^TT' 1 i!*1 ai fll| l M g _ju_ r mm f ir-~ "«iTI rni""»"~"»' CAUFORNA PEGASUS IS I*lll4l| Ml 1* t* 7*171 1* M 11* |a)is« |VIUS32| 71*4* I 7* I I lit 17* 139 141 IS* 13* IS* CAUTORMAIUM S* 2V211 11* 13* IS* 11*
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  • Page 31 Advertisements
    • 2172 31 nmma AMMC,EB J p^G*!^ 1 A !??7?76?ixT5:7MM4 2 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) FS TEL *****6 BOOKINGS TEL: *****80 *****81/ *****82 JOH TEL: *****3/4IF/Ot *****6 CFS (PSA F5) TEL: *****21/ *****79 *****2/3 F£<. *****41 (OPNS) CUSTOMER SVC TEL: *****92/*****91/*****93 JOHOR BAHRU TEL: 07-*****0 FAX. 07-*****9 rWK«♦„ r\ it*. o CR
      2,172 words
    • 1724 31 ■BHMHiHIfMH FRANCE/ITALY/PORTUGAL/SPAIN/MOROCCO NEXT AVAILABLE SAILINGS REGINA MAERSK V.9310 ETA SIN 19TH AUGUST 1993 LEDA MAERSK V.9310 ETA SIN 26TH AUGUST 1993 Vmhl Voy ETA ETD Feeder by '""ST DESTINATIONS Tha MC-KIHNtY MAERSK V 9306 mwew— 24 08 oeoo hrs CFS 23/06 2359 HRS JOM LPK PEN OAK LGB HOO MEM
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  • Page 32 Advertisements
    • 1618 32 AOABA R OAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEPOAH (VIA JED) S TON H'BURG A WERP HAVRE WEST MALAYSIA LA SEINE 31/132 18/8 4/9 7/9 5/9 Pofl Kelang. Penang HOECHST EXPRESS 10/332 21/8 30/8 5/9 8/9 11/9 13/9 15/9 Pasir Gudang TOKIO EXPRESS 12/133 25/8 11/9 14/9
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    • 580 32 FCL 4 Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam t Mongolia Hungary CSFR Poland ocwans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDABATA Feeder Veaaet ETA 8M VILLE DE PROVENCE
      580 words
    • 1207 32 NORASIA I" VSL/VOY ARABIAN SEA 331W 20/08 09/09 13/09 15/09 14/09 15/09 16/09 17/09 18/09 19/09 I CHMA SEA 332W 26/08 15/09 18/09 19/09 20/09 21/09 22/09 23/09 24/09 25/09 I NORASIA AL-MUNTA2AH 9333-3 02/09 22/09 25/09 26/09 26/09 27/09 28/09 30/09 01/10 02/10 I NORASIA SAMAMTHA 9334-3 09/09 29/09
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  • Page 33 Advertisements
    • 1988 33 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 KeppeJ Towers Singapore 0200 Tel: *****88 Fax: *****17 wiytimrtKA nniT Mb <a somcc of chwa havioatiom co) ACCEPTS KMyV CARGO D(JC SAtS «AiAHBROOK£ ¥2tt fchiari lib 17-11 Auf H Auf 20 Au» F C L, LCI CONTAMCR AND BREAK SULK
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    • 2744 33 m SINGAPORE AGENT: I f P&O Containers (Singapore Agencies) Pte Ltd -M. VJUlliCllllVl 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 I CR Number: **********0Z I I I cArUff I IMPORT I I l *or FS# "Si
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  • Page 34 Advertisements
    • 824 34 PJH9 I |k T&gUjWg I«a wt mm/mm I w—t |m« wmor I MOtMUMH 3MB 21-24/9 I 21/18 74/10 27/18 30/10 L to WL/WT ML STOK STD I MBJ 1 BUS I Fig IMQ WOO TEMASEX 57S 17/1 19/8 2/3 5/9 30/1 MOW AUSTRALIA 46S 30/1 29/8 12/0 15/9 mO IATMUIRTA
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    • 1736 34 (g) HANJIN SHIPPING] FM *SL SM LM HAUL SEA PO* FOR YSL SM LME HAUL SAV R.M NYC HANJM FELIXSTOWE IIOE 19/8 OWECT 9/9 11/9 HAMM FELIXSTOWE OIK 19/S M. AMERICA OIK 23/9 24/9 26/9 HANJM KOAKSUNG 013E 26/8 OWECT W/9 U/9 MRIW RAOHSMG 013E 26/S H. SAKANttH 03* 30/9
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    • 1198 34 j >T^"TTl^ In w at w u nt mi oa m as no lu h mk um mm nr ms no ca na I (ank m; u/i »/i 21/1 n/i 2/1 1/* 4/1 4/9 w/9 i/u 2/19 12/19 u/n u/io ivu w/u */u vn 9/11 11/11 t OMn K-951 U/l
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  • Page 35 Advertisements
    • 2345 35 II 11 sex: 'CALIFORNIA PEGASUS 15E' eta sgp 18/08/93 II II II ARRIVING LOS AN6ELES 04/09/93 IN 16 DAYS HI H II AE x: 'NEPTUNE AGATE I*' ETA sgp 19/08/93 HI II II ARRIVING NEW YORK 11/09/93 IN 22 DAYS HI VIiML LOS oak"!" VAm' SET ATL CCC CLE CLB
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    • 1104 35 SINSOV SINGAPORE SOVIET SHPPMG CO PRIVATE LTD BOOKMGS: BALT ORENT LINE: *****64 FESCO: *****06 ENQURES: *****33 BLASCO ODESSA: *****51/*****31/*****13 INVENTORY: *****45 INWARD: *****81 OUTWARD: *****80 TRANSHPMENT: *****78 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 WHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 CR NO: **********0/N
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  • Page 36 Advertisements
    • 1428 36 vt* AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (01 Nft **********QM] TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 T MALAYSIA: T* LIME MAMTME (MALAYSIA) SON BHD W*J TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAIIT MTBWUSA. TEL: JKT *****08 nßmm *»eo *r*/pw
      1,428 words
    • 1092 36 PHIU-OniCNT LIN€S PTC LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Tetex: RS ***** Fax: *****76/*****38 A MEMBER Of THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION 1 AUSTRAUA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 19 AUG SYDNEY, MELBOURNE. BRISBANE. FREMANTLE 20 AUG AUCKLANO. WELLINGTON. LYTTLETON, NEW PLYMOUTH. NAPIER. CHRISTCHURCH 27
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  • Page 37 Advertisements
    • 886 37 PACIFIC INTERNATIONAL LINES (PTE) LTD 1 I sSsSSSm 140 Cecil Streetl #03 P,L Building. Singapore 0106. I I S OR NO: **********0E I UPGRADED SERVICE TO TAMATAVE, DAR-ES-SALAAM MOMBASA EVERY 18 DAYS FROM SINGAPORE IST VOYAGE KOTA MUTIARA MUTO9W ETA SIN 24/8/93 VESSEL VOY SIN CMB DXB KHI BOM CMS
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