The Business Times, 7 September 1993

Total Pages: 48
1 48 The Business Times
  • 13 1 Business Times MITA (P) 552/12/92 Tuesday September 7 1993 WE KMOW ASIA 75«
    13 words
  • 2«m LATEST
    • 74 1 UPI FLORIDA CITY President Bill Clinton, in a Labour Day pronouncement, says he will do what he can to stimulate the sluggish US economy and promote job growth. Mr Clinton made the comment while on a walking tour here to inspect the repair of
      UPI  -  74 words
    • 75 1 Reuter PARIS The French government and trade unions ended nine hours of talks last night after failing to reach agreement on a plan to cut rising unemployment. Union officials say they have won some minor concessions, but the substance of the government's programme
      Reuter  -  75 words
  • Article, Illustration
    106 1 Stock Market indicii Monday Chaste STU 2,045.36 3.69 K.LSE C omposite 848.40 -3.03 Nikkei 2I.060.SI -55.40 Hang Seng —7,319.66 +7.53 SET Index 988.45 -2.87 Jakarta Composite ...416.13 -1.03 CLSA China B 1004.48 -0.36 Aust All Ord 1.962.5 +10.5 FTSE 100 3.059.0 +1.7 daae Dow Jones doted Exchange rates
    106 words
  • 621 1  -  Govt enforces 3pc holding limit; wants more S'poreans to own SPH shares By Genevieve Cua SINGAPORE OverseaChinese Banking Corporation and its associate Great Eastern Life Assurance will have to slash their substantial stakes in Singapore Press Holdings to just 3 per cent
    621 words
  • 501 1  -  By Chuang Peck Ming SINGAPORE Speaking Mandarin can open more doors to business deals in booming China, Prime Minister Goh Chok Tong said last night, kicking ofT this year's Speak Mandarin Campaign. Urging Chinese Singaporeans to push on with the campaign,
    Photo by George Gascon  -  501 words
  • 522 1 Questions raised over source of assets worth millions AFP SEOUL The assets of more than 1,000 South Korean officials were made public yesterday, revealing that a high proportion were suspiciously wealthy and raising the spectre of possible purges within the civil
    AFP  -  522 words
  • 582 1  -  From Catherine Ong in HONGKONG MALAYSIA-BORN tycoon Robert Kuok has raised at least HK$l.5 billion (Ss3lo million) since June through sales of shares in listed companies in Singapore, Malaysia and Hongkong. Mr Kuok's liquidation of non-core holdings in his Kerry
    582 words
  • 284 1 Bloomberg Business News HONGKONG The artony is set to become Asia's W»d- casting capital as satellite vision companies queue up'(f) set up here. That's after the purchase of Star TV by Rupert Murdoch's News Corp, a government
    Bloomberg Business News  -  284 words
  • Page 1 Advertisements
    • 225 1 (with Panorama K and Quartz date) Nikon Camera Centre Msi Pkoto 1M dH M > 1-1 WMAB'iA f CONTENTS Nmi Cwapaates Spore Nms 2 S'porHKTaa .9.10.11 tapml News 3.4.5 Fnancial 12.14 World 7 27 Qob/KLSE, SES 19.20 Mtorol 26 fe®onal 17 Sports 21 World IS TV/litetyte 23 Currwaes 14 teporai
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    • 7 1 Property: Pg 24 Malaysian real estate recovers
      7 words
    • 21 1 Hock Lock Siew: Pg 9 Van Der Horst a good bet Seoul to loosen forex controls from Oct 1, Pg 12
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • 312 2  -  By Schutz Lee GROWTH in domestic exports of computers and computer peripherals slipped in value terms in June and July. After impressive expansion since the second quarter of last year as high as 78.8 per cent in December the export value of Singaporemade computers and
        Source: Dept of Statistics  -  312 words
    • 339 2  -  By Lilian Ang CONSTRUCTION-BASED Lee Kim Tah and Guthrie GTS are roping in a government-linked company for a joint venture commercial project that will cost 130 million. The project on an 11,994 sq m Housing and Development Board site
      339 words
    • 370 2  -  Few companies go the distance to motivate staff with free trips By A J Leow THE Asian market for corporate incentive travel is still largely untapped. This was the consensus of the 170 speakers and participants of the three-day "Asia United" symposium organised by
      370 words
    • 179 2 LISTED City Developments said its subsidiary, City Building Management (CBM), yesterday sealed a joint venture agreement with a Americabased company to provide operations and management services to industrial, commercial and government buildings. The group's agreement with Johnson Controls International Inc (JCII) covers,
      179 words
    • 51 2 MORE THAN three quarters of the properties on the Inland Revenue Authority of Singapore's (IRAS) valuation list will now be kept up to date by computer. IRAS Commissioner Koh Yong Guan said yesterday the Computer Assisted Mass Appraisal system will help the board achieve annual assessment by
      51 words
    • 57 2 NOBEL prize-winning economist Merton Miller from the University of Chicago will give the keynote address to The Third International Conference on Asian-Pacific Financial Markets to be held from Thursday to Saturday. Peter Seah, chairman of the Association of Banks in Singapore, will open the conference,
      57 words
    • 52 2 ROBERT CHUA, president of the Singapore Manufacturers' Association, will lead a trade and investment mission for a three-day visit to Sarawak, starting tomorrow. The programme includes a meeting with Sarawak Chief Minister Abdul Taib Mahmud, and discussions with the Sarawak Manufacturers Association and Chinese Chamber
      52 words
    • 32 2 SENIOR MEMBERS of the Beijing Municipal Government will speak to local businessmen at a seminar on investment opportunities in Beijing, to be held here on Sep 16.
      32 words
    • 28 2 THE REGISTRAR of Companies and Businesses has launched an auto-phone enquiry service, called Bizline, to answer general enquiries. The toll-free phone number is 1-800-*****66.
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  • THE REGION
    • 514 3  -  From Leslie Lopez in KUALA LUMPUR PRIME MINISTER Mahathir Mohamad said yesterday that the contest for the deputy presidency of United Malays National Organisation would not split the party. "Umno has gone through worse crises and survived," he told
      514 words
    • 340 3 AFP KUALA LUMPUR Former British prime minister Margaret Thatcher has stirred a storm in Malaysia by heaping praise on Finance Minister Anwar Ibrahim two months before he fights a key party poll. Lady Thatcher likened Mr Anwar, who is contesting the deputy presidency of
      AFP  -  340 words
    • 323 3  -  By Harish Mehta SINGAPORE Vietnam has signed an oil exploration contract with Austrian state oil firm OMV to explore for oil in the northern offshore Gulf of Tonkin. This brings to 26 the number of production-sharing contracts Vietnam has signed over
      323 words
    • 652 3  -  Pacific Rim Forum meeting From Vikram Khanna in BAU IF ASEAN's proposed free trade initiative is consistent with the General Agreement on Tariffs and Trade (Gatt), it will help open up the world trading system, according to Assistant US Trade
      652 words
    • 355 3 Reuter BALI The United States will continue its active security role in East Asia and sees the A pec forum as the best way to. bring together Pacific Rim countries, a former senior US official said yesterday. "The
      Reuter  -  355 words
    • 254 3 Reuter JAKARTA Indonesia, home to some of the largest rain forests in the world, said yesterday it .would set up an independent body to monitor management of timber concessions. Forestry Minister Soeryohadikusumo said the move, which would monitor replanting, sustainable logging
      Reuter  -  254 words
    • 399 3 AFP BANGKOK Thailand's armed forces yesterday announced an annual reshuffle which saw changes at the top of all three services and many officers linked to the May 1992 massacre of civilians here relegated to lesser positions. General Pramon Palasin was promoted
      AFP  -  399 words
    • 217 3 AFP BANGKOK A member of the Thai government has charged that a Japanese construction company involved in building a controversial highway in the Thai capital wanted the agreement over the road to collapse so it could collect a hefty compensation.
      AFP  -  217 words
    • 113 3 AFP BANGKOK Three Thai soldiers have been injured in a clash with suspected members of a Muslim separatist group near the Malaysian border. A local police official said yesterday that a dozen Thai soldiers on a search operation clashed with the group of
      AFP  -  113 words
    • ASIA NOTES
      • 89 4 Knight-Ridder CANBERRA Prime Minister Paul Keating said yesterday that Australia's core inflation will stay at 2-3 per cent this year despite the effects of the recent fall in the Australian dollar. He also said there were a number of other reasons to be "cautiously
        Knight-Ridder  -  89 words
      • 60 4 Reuter DHAKA Recent Bangladesh floods triggered by heavy monsoon rains have resulted in the loss of one million tonnes of food grains. Officials said yesterday that the floods, which engulfed more than two-thirds of Bangladesh between June and August, destroyed 600,000 acres of crops.
        Reuter  -  60 words
      • 67 4 Reuter BEIJING The number of private companies in China reached 184,000 at end-June, an increase of 32 per cent'from end-1992. The official China Industrial and Commercial newspaper said yesterday that output of the firms in the first half«of the year was 16.15 billion yuan, of
        Reuter  -  67 words
      • 54 4 Reuter MANILA Philippine cable television operators may be asked to provide telephone services to help fill the huge demand backlog of phone firms. A National Telecommunications Commission (NTC) official said yesterday that the NTC was studying the new option to reach more people, particularly
        Reuter  -  54 words
      • 70 4 Reuter BEIJING More than 20 South African firms selling exploration and mining equipment opened an exhibition in Shanghai, the first large-scale exhibition of South African goods in China. The People's Daily said yesterday that South Africa had world-class machinery and technology in this field
        Reuter  -  70 words
      • 69 4 Reuter BEIJING China's main manufacturers of newsprint are running out of timber and the newspaper industry is pleading for more imports. The Economic Digest said yesterday that the average price of timber averaged 466.18 yuan per cu m in the first half of 1993, up from
        Reuter  -  69 words
    • 575 4 Reuter BEIJING China has announced new measures aimed at curbing soaring investment in fixed assets, the main cause of inflation and instability in its economy which experts warn is still in a sickly state. National newspapers yesterday printed an order from
      Reuter  -  575 words
    • 152 4 AP BEIJING Hooding in China this year has caused greater damage than in 1992, with economic losses totalling 40.1 billion yuan (Ssll billion) so far. The China Daily yesterday said that as of Aug 20 this year, floods had destroyed 1.62 million
      AP  -  152 words
    • 368 4 AFP TAIPEI Taiwan reiterated yesterday its claim over the Spratly islands but stressed its willingness to jointly develop the potentially oil-rich chain in the South China Sea with other claimants. "The South China Sea island groups have been our territory since
      AFP  -  368 words
    • 267 4 Knight-Ridder WASHINGTON China will allow tens of millions of rural people to seek jobs in urban areas and promote private rural enterprises in a bid to absorb the countryside's surplus workforce. Kvodo Newswire yesterday quoted an ofTicial at the Chinese
      Knight-Ridder  -  267 words
    • 56 4 AFP BEIJING Chinese Prime Minister Li Peng and his Indian counterpart PV Narasimha Rao reviewing the honour guard mounted for Mr Rao's arrival in the Chinese capital yesterday. The Indian Premier, on a four-day official visit to China, is expected to discuss ways of reducing border
      AFP  -  56 words
    • 312 4 AP BEIJING China, elated that inspection of one of its freighters failed to find chemical weapons on board as Washington had claimed, continued its attacks on the United States for a second day yesterday. The People's Daily, the Communist Party newspaper, and the
      AP  -  312 words
    • 384 4 AFP SEOUL North Korea yesterday urged South Korea to stop joint military exercises with the United States and halt international pressures against Pyongyang as apparent preconditions to resuming dialogue. officials said. The move lessened the likelihood of a third round of high-level
      AFP  -  384 words
    • 235 4 AFP TAIPEI More people than ever in Taiwan support an island independent of China, despite Beijing's recent reaffirmation of the right to use military force to prevent such a move, an opinion poll showed yesterday. Of 1,220 people interviewed, 17 per cent
      AFP  -  235 words
    • 491 5 Hosokawa's US trip likely to determine timing of announcement, say economists Reuter TOKYO Worries about fraying United States-Japan ties are pushing Japanese policy makers to unveil steps to boost the economy before Prime Minister Morihiro Hosokawa visits New York later this month, economists said.
      Reuter  -  491 words
    • 53 5 Reuter HIGASHI-FUJI, Japan Japanese Ground Self-Defence Force Type-61 tanks rumbling across a field during firing and training manoeuvres on the outskirts of Mount Fuji on Sunday while AH-1 anti-armoured helicopters provided air support. About 1,700 army personnel staged the event before a crowd of
      Reuter  -  53 words
    • 272 5 Knight-Ridder TOKYO Finance Minister Hirohisa Fujii has hinted that the Japanese government would consider a new set of stimulus measures, newspapers reported. Mr Fujii, in a debate broadcast by TV Asahi on Sunday, said: "The Japanese government has already implemented enough economic stimulus
      Knight-Ridder  -  272 words
    • 419 5 Knight-Ridder BOMBAY A climb in India's inflation rate in August after werift of decline is worrying the government and some economists, but high food stocks may help counteract any rising trends. In the week ending Aug
      Knight-Ridder  -  419 words
    • 255 5 AFP COLOMBO Sri Lanka President Dingiri Banda Wijetunga yesterday made key changes in the military command structure and set up a high-powered committee to lead the war against separatist Tamil Tiger guerillas. Mr Wijetunga disbanded the Joint Operations Command (JOC) which earlier coordinated
      AFP  -  255 words
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    • 216 3 VISTTING PROFESSOR SAYS: "SUCCESS RAIE REMARKABLY I UGH B f MARS FRANCE" I u On his recent fact- HPVHMP finding visit to Asia, top Hft nutritionist Professor D.J. llfllliiHlMliiiillll Naismith from the University of London, recorded some very complimentary remarks about Marie France Here is an excerpt from the professor's
      216 words

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  • REGIONAL FOCUS
    • 1124 6  -  From Leon Hadar in WASHINGTON THE CLINTON administration decided late last month to impose trade sanctions against China for sending missile technology to Pakistan. American exports of almost US$ 1 billion (S$ 1.6 billion) in high-technology goods to China are banned over the next two years.
      1,124 words
    • 478 6 NEW YORK— Just three months after renewing China's Most-Favoured-Nation trading status with only modest conditions attached, the Clinton administration is getting tough. The US has for months been collecting evidence that China transferred M-l 1 missile parts to Pakistan
      478 words
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      162 words

  • THE WORLD
    • 438 7 Reuter PARIS France stepped up a war of nerves over the Gatt world trade negotiations yesterday by reviving its threat to veto a farm trade deal between the European Community and the US unless it obtained better terms. It was the
      Reuter  -  438 words
    • 155 7 Reuter CANBERRA Australian Prime Minister Paul Keating asked Germany to use its influence in Europe to advance the progress of world talks over freer trade. Mr Keating told visiting German President Richard von Weizsacker that Australia had done all it could to bring
      Reuter  -  155 words
    • 52 7 Reuter MOSTAR, Bosnia-Herzegovina Wounded Bosnian Muslim Mustafa Crlialik, five, being examined by doctors in a candlelit makeshift operating room in the Muslim quarter of Mostar last Friday. Doctors were unable to operate on him because there was no electricity. Mustafa died later from shrapnel wounds to his
      Reuter  -  52 words
    • 197 7 BRUSSELS Belgian Prime Minister Jean-Luc Dehaene said the country's strong franc policy remained intact and said it was backed by economic fundamentals. "Our currency policy is based on sound economic fundamentals and continuing this policy is for Belgium the best guarantee for stability," he
      197 words
    • 452 7 Reuter FRANKFURT Plummeting car sales are wiping out profits of Europe's big six car makers, with only General Motors Europe likely to finish 1993 firmly in the black. And although analysts expect a slight improvement in western Europe's car sales in
      Reuter  -  452 words
    • WORLD WATCH
      • 81 7 Reuter BRUSSELS Producers of monosodium glutamate in four Asian countries have agreed to increase their prices for exports to the European Community to avoid EC anti-dumping duties, the European Commission said yesterday. The producers in Indonesia, Korea, Taiwan and Thailand agreed to the
        Reuter  -  81 words
      • 69 7 AFP FRANKFURT The German money supply on the basis of the M 3 calculation rose at an annual rate of 7.4 per cent in July, a spokesman for the central Bundesbank said yesterday. The bank had earlier estimated that the M 3 figure,
        AFP  -  69 words
      • 47 7 Reuter MADRID Spain's foreign currency reserves fell US$l.l7 billion (SSI.9 billion) in August to U5544.9 billion, according to provisional Bank of Spain figures. The reserves rose US$33O million in July. In August 1992 they fell U5579.5 million to stand at US$7l.3 billion. Reuter
        Reuter  -  47 words
      • 87 7 AP NEW YORK An informer and a man charged with leading a failed plot to bomb the United Nations and other targets dis» cussed abducting former President Nixon, according to a put* lished report. Lawyers who have seen transcripts of tape-recorded conversations in the
        AP  -  87 words
      • 89 7 AP ANKARA Prime Minister Tansu Ciller will ask Parliament to wage war if Armenia attacks Nakhichevan, an Azerbaijani enclave on the Turkish border, a newspaper reported. The army, meanwhile, said it was drawing up contingency plans. The tide of the five-year-old war between Azerbaijan and
        AP  -  89 words
    • 354 7 AP MOSCOW Nationalist lawmakers in Ukraine plan to demand the resignation of President Leonid Kravchuk for giving Russia nuclear warheads and Ukraine's share of the Black Sea Fleet, a news agency reported on Sunday. In the Ukrainian capital Kiev, senior Ukrainian officials continued to
      AP  -  354 words
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      124 words

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    • 122 8 When Smith Kline Beecham had to relocate their representative office, which building first came to mind? ■glHßfe- m V m fe- 4L i .JH H ij^^H Lane Crawford Place. Situated at the junction of Orchard, Scotts and Paterson Roads, in the heart of hustling Singapore. Designed by internationally-acclaimed architect, Kisho
      122 words

  • COMPANIES & MARKETS
    • 415 9  -  By Joyce Quek SINGAPORE The Singapore bull market is not over yet, and the index is capable of reaching 2,500 in the next 18 months. But before that happens, investors should be prepared for a modest pullback, forecasts DBS Investment Research
      415 words
    • 376 9  -  By Teh Hooi Ling SINGAPORE Main-board-listed printed circuit board (PCB) manufacturer Pentex Schweizer Circuits Ltd (PSCL) yesterday announced a stunning 442 per cent growth in net earnings to $4.5 million for the year ended June 31. But group turnover increased by just 14
      Photo by Arthur Lee  -  376 words
    • 260 9  -  By Sylvia Wong SINGAPORE Scotts Holdings yesterday reported flat earnings for the year to June 30, pulled down by continued losses at its restaurant subsidiary, Restaurants of Switzerland. According to Scotts executive director Iqbal Jumabhoy, the operator of the Movenpick restaurant chain lost
      260 words
    • 743 9  -  HOCK LOCK SIEW By R Sivanithy SINGAPORE When a company's fortunes turn around, it always captures the market's imagination. Just look at Acma Ltd. Once on the brink of financial disaster, the diversified engineering group has seen its
      743 words
    • 307 9  -  By Quak Hiang Whai SINGAPORE Sing Investments Finance Ltd yesterday reported flat interim earnings and asked shareholders for more money through a proposed 5524.5 million rights-cum-warrant issue. The listed finance company is also proposing a one-for-10 bonus issue which will not
      307 words
    • 272 9 SINGAPORE A one-off special dividend of $79.15 million as a result of restructuring of investment in the ShangriLa stable of companies boosted the bottomline profit of the five-star hotel by six times for the six months ended June 30. Profit attributable to shareholders
      272 words
    • 139 9 SINGAPORE Sesdaq-listed Noel Gifts International has signed its fourth franchise agreement, this time in Johor Barn. Noel will be taking up 400,000 shares of Msl (550.62) each for cash at par value, representing an 80 per cent stake, in the Johor franchisee. The company, which
      139 words
    • Article, Illustration
      294 9 Source: Bridge Info Performance of STII's Index stocks Sep 6 Lait Snm Stock tale Ctafe factor nw»m ($)<!) Avirno 2.070 0 080 1.44 J0.77 CAC 7 300 5-07 Cerebos 5 800 -0.100 4.03 -38.46 FAN 15 000 -0.100 10.41 -38 46 GF Kut 3.080 0.060 2.14 23.08 Gen Mag 1
      Source: Bridge Info  -  294 words
    • COMPANIES
      • COMPANY BRIEFS
        • 72 10 SINGAPORE Acma yesterday announced it had acquired a 60-per cent stake in Technology Distribution (S) Pte Ltd for 552.16 million. The 670,000 shares were bought from Tay Eng Kiat and Madam Tan Seow Cheng. The acquisition will be completed on or before Sep 15.
          72 words
        • 46 10 SINGAPORE GB Holdings has appointed Robert W Livingston 11, 24, as an executive trainee for the position of manager. He is the son of the company's chairman and substantial shareholder Robert W Livingston. He owns 1,100 shares of GB Holdings.
          46 words
        • 50 10 SINGAPORE Kim Eng Holdings yesterday said it has increased the capital of wholly-owned subsidiary Kim Eng Securities (Private) Ltd by 10 million Ssl ordinary shares. This brings the issued share capital of Kim Eng Securities to Ss3o million and its authorised capital to Ssso million.
          50 words
        • 75 10 SINGAPORE Sesdaq-listed Informatics Holdings Ltd has signed a joint-venture agreement in Sibu, East Malaysia, through its wholly-owned Malaysian subsidiary, Informatics Resource Corporation Sdn Bhd (IRC). IRC will hold a 55-per cent stake amounting to M 5275,000 (S$ 173,030) of the issued share capital of the joint-venture
          75 words
        • 72 10 Bloomberg Business News HONGKONG Continental Mariner Investment Co Ltd, a Hongkong company partly owned by the investment arm of China's People's Liberation Army, said its net profit plunged 94.9 per cent in the fiscal year ended Mar 31, 1993. The company said net profit had
          Bloomberg Business News  -  72 words
      • 544 10  -  By Sylvia Wong SINGAPORE The Wah Chang group's hotel and resort development arm, Thai Wah Resorts Development, plans to raise 1.02 billion baht, or about 5564.8 million, from the Thai market through an initial public offer. It will offer 25.4
        544 words
      • 359 10  -  From Loh Hui Yin in BANGKOK MERCHANT bank Morgan Grenfell is beefing up its already strong Asian presence with a new representative office here to capture a bigger share of the Thai equities market. The office, Morgan Grenfell Asia Securities (HK.) Ltd,
        359 words
      • 257 10 JAKARTA Garuda Indonesia subsidiary PT Aerowisata is to build a 300-million guilder (***** million) superblock consisting of a five-star hotel, shopping centre, office building and apartments in Amsterdam in the Netherlands, the Jakarta Post said over the weekend. Speaking to the press, Acrowisata's
        257 words
      • 458 10  -  By William Chia SINGAPORE Electronics company Acma Ltd has entered into a licensing agreement with listed Crompton Greaves of India to make and sell Acma's energy saving products in the Indian market. The company said in a statement yesterday that this
        458 words
      • 328 10 Reuter BOMBAY Fresh fallout from India's lingering securities scandal hit the country's stock markets yesterday, reversing a rising trend triggered by strong buying of Indian stocks by overseas mutual funds, brokers said. Boards of Bombay and other leading Indian bourses hastily convened emergency meetings
        Reuter  -  328 words
      • 314 10 Reuter KUALA LUMPUR Idris Hydraulic (Malaysia) Bhd is projected to raise 1993 pre-tax profits to Msllo million (Ss69 million) from MSB.I million last year, mainly from a lucrative timber concession, broker Mayban Securities said yesterday. "Even without all the rumours involving
        Reuter  -  314 words
      • 356 10 Reuter SEOUL The smoke has cleared and the initial shock faded but the fallout from the president's bombshell ban on false name trading is still rippling through South Korea's jittery bourse. Brokers say nerves are expected to fray further
        Reuter  -  356 words
      • 323 10 Bloomberg News Service KUALA LUMPUR Toiletpaper maker Union Paper Holdings Bhd resumed trading after a suspension and suffered the maximum loss allowed by the exchange. The Kuala Lumpur Stock Exchange suspended UPHB on June 29 after an unprecedented failure of sellers
        Bloomberg News Service  -  323 words
      • 472 10 jwpwf prk*i Sep 7 Insurance Fund Tinrinnm IL—i* Trust Income Bond Poticy 3.65 3.78 3«nga|!uv unit nni ft-...j.-h.i The Commerce 1.52 1.60 rTUOential The Savings Fund 1.44 1.51 ProLink Mgd Fund 1.24 1.30 S pore Prof Fund 0.66 0.69 ua B A f> i I S pore Sec Fund 0.97
        472 words
      • 412 11 Reuter LONDON Media magnate Rupert Murdoch backed a controversial British newspaper price war with a television advertising campaign which highlighted the power of his international publishing and broadcasting empire. Yesterday's edition of his flagship newspaper the Times hit the street
        Reuter  -  412 words
      • 368 11 FT NEW YORK Dr Pep-per/Seven-Up, the third largest US soft drinks company, has adopted a poison pill defence to ward oft" the possibility of a takeover bid from Cadbury Schweppes, the UK drinks and confectionery group. The creation of such defences has
        FT  -  368 words
      • 479 11 Reuter SYDNEY Australian retailer Woolworths reported on Thursday a record profit for 1992/93 in its first financial results since going public in the country's largest ever float and said it expects a further improvement this year. Woolworths, Australia's largest food retailer and among
        Reuter  -  479 words
      • 579 11 NYT NEW YORK Mass-media baron Rupert Murdoch's acquisition of Delphi Internet Services, a gateway to the global Internet computer network, may be the clearest indication yet that businesses are eager to tap into a remarkable market that is growing at almost a
        NYT  -  579 words
      • 177 11 Reuter SYDNEY Boral Ltd expects to retain its credit ratings despite its bid for gas and oil group Sagasco Holdings Ltd. managing director Bruce Kean said on Sunday. Ratings agencies Standard and Poor's and Moodys announced last week that they had placed
        Reuter  -  177 words
      • 339 11 Reuter LONDON Anglo-French papermakcr Arjo Wiggins Applcton pic, hit by recession and paper overcapacity, is set to report a pre-tax profit of £55-75 million (SSI3S-184 million) for the first half on Thursday, down from £99.1 million a year ago. The wide forecast range
        Reuter  -  339 words
      • COMPANY BRIEFS
        • 94 11 Reuter SYDNEY Australia's Qantas Airways Ltd said yesterday it expects revenues from operations in Asia, which this year earned the airline more than its domestic operations, to rise by at least 10 per cent over the next decade. Qantas said it earned AS2.B billion (552.9
          Reuter  -  94 words
        • 104 11 Reuter TOKYO Toshiba Corp's temporary plan to cut 1,200 to 1,500 jobs a year by attrition is likely to last longer than originally thought because of slow domestic demand and the yen's sharp rise, a company spokesman said yesterday. "In three to five years,
          Reuter  -  104 words
        • 44 11 Reuter SHANGHAI A worker at Shanghai Vacuum Electron Devices Co Ltd on the production line for black and white televisions. The company is sinking deeper into debt as it sells its product in a shrinking market. Reuter
          Reuter  -  44 words
        • 108 11 AFP TOKYO Japanese department store Sogo Co Ltd said yesterday it had purchased Criterion Building in London from a British real-estate company. Sogo spokesmen refused to reveal the purchase price, but local press said Sogo (UK) Ltd was expected to pay about 10 billion yen (S$
          AFP  -  108 words
        • 91 11 Bloomberg Business News MELBOURNE Australian mining finance group Normandy Poseidon Ltd reported a 44 per cent increase in net profit for the year to June 30. Profit rose to A 548.4 million (5550.4 million), or 10.4 cents a share, from A 533.6 million, or 6.8
          Bloomberg Business News  -  91 words
        • 60 11 Reuter TOKYO Kawasaki Heavy Industries Ltd won an order from China Bao Steel Group International Corp for an electric power generating system using high-pressure gas from a steel mill, a company spokeswoman said yesterday. A blast furnace top-pres-sure recovery turbine will be installed at Baoshan
          Reuter  -  60 words
        • 82 11 Bloomberg Business News PARIS France Telecom, the French state-owned telephone utility, should sell a minority stake to the private sector, said Industry Minister Gerard Longuet. "One must inject private capital into France Telecom," he said in an interview with French radio station RTL.
          Bloomberg Business News  -  82 words
    • FINANCE
      • SMALL CHANGE
        • 128 12 Bernama KUALA LUMPUR A Malaysian bank has been granted a licence to start its operations in the Czech Republic very soon, making it the first Asian bank to have its operations there. Governor of the State Bank of the Czech Republic, Josef Tosovsky, told newsmen
          Bernama  -  128 words
        • 113 12 KnightRidder BOMBAY The Reserve Bank of India has granted approval to a group seeking to establish a private bank that will have equity participation from the International Finance Corporation and the Asian Development Bank, the central bank said. The bank will be established by a group
          Knight-Ridder  -  113 words
        • 108 12 Knight-Ridder TOKYO The US has asked Japan not to totally bring down the barrier between the life and non-life insurance sectors, Japanese government sources said yesterday, reported the Kyodo news service. The request reflects Washington's worries that the Japanese plan to deregulate the insurance
          Knight-Ridder  -  108 words
        • 118 12 Reuter LONDON The Sunday Telegraph said a behind-the-scenes battle had erupted in London over what it described as a decision by British Prime Minister John Major to abandon efforts to bring the European central bank to London. It said the Bank of England and
          Reuter  -  118 words
        • 82 12 Bloomberg Business News TAIPEI Two US life insurers, Cuny Mutual Insurance Society of Wisconsin and Principal Mutual Life Insurance Co of lowa, have applied to set up branch offices in Taiwan, the Ministry of Finance said. More than 20 American insurance companies have Taiwan branches,
          Bloomberg Business News  -  82 words
        • 102 12 Reuter HONGKONG FPB Bank Holding Co Ltd's shares stood at HKS2.OB on their debut yesterday morning after a major company reorganisation. The company, whose sole assets are First Pacific Bank and its subsidiaries, is 41.25 per cent owned by First Pacific Co Ltd and 33.75
          Reuter  -  102 words
      • 326 12  -  By Soh Tiang Keng SINGAPORE Led by heavy lending to buy motor vehicles, loans of finance companies grew at an annual rate of 15 per cent to 5510.4 billion in June, according to latest figures from the Monetary Authority of Singapore.
        326 words
      • 254 12  -  By Paul Leo SINGAPORE Simon Murray, one of Hongkong's bestknown taipans. will be the Deutsche Bank group's chief executive for the Asia-Pacific region with effect from January, the German bank announced yesterday. Mr Murray, 53, is currently the managing director of Hutchison
        254 words
      • 304 12 Knight-Ridder SYDNEY An analyst for US rating agency Standard and Poor's yesterday said the turmoil surrounding the Australian dollar is likely to "clear up", allowing the currency to stabilise. "As has happened in the past, what we'll see is... a lot of the
        Knight-Ridder  -  304 words
      • 397 12 Reuter SHANGHAI Shanghai's currency swap market, already unpopular with local businessmen for hiding information, has now incurred the wrath of the city's leading newspaper, the Liberation Daily. The mouthpiece of the Shanghai city government published a front-page story condemning the market for trying to
        Reuter  -  397 words
      • 210 12 SINGAPORE The trading volume of the Singapore International Monetary Exchange hit a record high of 9.8 million contracts during the first eight months of this year. This is 29.4 per cent higher than turnover for the same period last year.
        210 words
      • 430 12 Reuter BOMBAY After months of hesitation following India's US$l.2B billion (Ss2 billion) securities scandal, the government is initiating sweeping reforms of its over-manned and inefficient banking sector, analysts said yesterday. India has authorised the first new private banks in two decades since
        Reuter  -  430 words
      • 279 12 Knight-Ridder SEOUL The South Korean government announced last Saturday that many foreign exchange transactions will be liberalised from Oct 1. expediting some previously announced plans. A Ministry of Finance spokesman said yesterday that banks operating in Seoul will no longer need to
        Knight-Ridder  -  279 words
      • 483 12 Reuter LONDON Half-year pretax profits due tomorrow from Prudential Corp pic. the UK's largest life assurance company, are at the mercy of its non-life reinsurance operations at its M&G unit, analysts said. Pre-tax profit forecasts of £218 million
        Reuter  -  483 words
      • 436 14 Reuter BANGKOK A cut in intervention prices by the International Natural Rubber Organisation (Inro) must be accompanied by moves by consumers to negotiate a new international rubber agreement, producers said yesterday. Delegates attending a oneday ministerial meeting of
        Reuter  -  436 words
      • 266 14 Reuter LONDON Belgian government bonds (OLOs) may weaken further near-term in the wake of the central bank's one percentage point increase in interest rates on Thursday but longer-term OLOs may outperform, analysts say. "Rates are seen significantly lower by year-end,
        Reuter  -  266 words
      • 312 14 Reuter WARSAW The Polish government is to sell a 60 per cent stake in Bank Slaski SA, the country's third biggest bank, the Polish Securities Commission chairman said on Friday. Leslaw Paga said the government was
        Reuter  -  312 words
      • 366 14 Bloomberg Business News MEXICO CITY The Finance Ministry has authorised the creation of five new banks as part of a move to boost competition in Mexico's banking industry. This is the second time in three months the government has approved
        Bloomberg Business News  -  366 words
      • 145 14 THE USS took a tumble after last Friday's payroll numbers and the market was caught liquidating long USS positions ahead of the New York holiday last night. The USS was sold for SS from early morning trade in the USS/SS market in line with lower
        145 words
      • 277 14 Reuter LONDON The dollar edged lower in Europe again yesterday, but the fall was comparatively mild after last week's pasting amid deepening gloom about the US economy. The dollar lost a pfennig, easing to 1.6090/6100 at 1500 GMT from 1.6200/10 late Friday. US markets were shut for a holiday
        Reuter  -  277 words
      • Article, Illustration
        1581 14 Trade-*rtghted index calculated against S'porr's top 14 trading partners Base ,mr /«.< USS/SS forward rates Noon Sep 6 Bid Offer I-month 1.6014 1.6029 :-month 1.6013 ***** 3-month ***** 1.602} 6-month 1.6002 1.6022 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m m Sen I: Singapore dollars to one unit of
        1,581 words
    • COMMODITIES & FUTURES
      • 356 15 Platts TOKYO New Zealand's Petrocorp (Fletcher Challenge Group), along with Santa Fe Energy Resources and Nomeco Corp, have become the first foreign companies since the founding of Communist China in 1949 to spud an onshore well in the country,
        Platts  -  356 words
      • 484 15 Bloomberg ENERGY REPORT LONDON Oil futures prices here edged higher yesterday, although trading activity was curtailed by the closure of the New York Mercantile Exchange for the US Labour Day holiday. Brokers attributed the rise to a reported drop
        484 words
      • 474 15 Reuter LONDON Coffee producers are confident of success for their plan to raise prices by retaining supplies, but analysts believe their efforts could end in failure. "Whenever commodity producers have tried to protect their interests themselves, they have nearly always been defeated and
        Reuter  -  474 words
      • 463 15 Knight-Ridder MANILA Huge supplies will force Philippine millers to sell aggressively nearly 600,000 tonnes of raw sugar to the world market in the 1993-94 crop year, which started last week. Supporting domestic prices by reducing those supplies is
        Knight-Ridder  -  463 words
      • 1427 16 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures sustained the bullish rally in Chicago's IMM following a surprising fall in the American jobs data and leading indicators. Contract movements, however, were boxed in a tight range due to the Labour Day holiday in the
        Reuter  -  1,427 words
      • 558 16 COMMODITY REPORTS Tin TIN staged a modest rebound on further Malaysian covering and prices ended six sen higher at MS 11.76 a kg after last week's record lows. Traders said foreign buyers turned reserved after LME touched fresh 20-vear lows before ending US$2O down on
        558 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 68 16 TOKYO Japanese makers of aluminum can sheet and cans face the prospect of increased competition from overseas suppliers after watching business slump due to a cool summer, say industry sources. The yen's surge to current levels near 105 to US$l from around 125 at the
          68 words
        • 64 16 BANGKOK Regional physical rubber prices could ease further this week despite intervention to support prices by the International Natural Rubber Organisation, traders said yesterday. Low demand and the fact that Inro has limited funds will contribute to the market softness, they said. Inro is a
          64 words
        • 65 16 NEW DELHI India's white sugar output in the 1993-94 (Oct-Sep) season is likely to be around 11 million tonnes, up from an estimated 10.5 million in 1992-93. Sugarcane output is also likely to be marginally higher in 1993-94 than the current season's estimated 23.8 million
          65 words
        • 61 16 TOKYO Premiums for spot copper offered to buyers in Hongkong have fallen due to Beijing's economic austerity measures and the large volume of metal imported earlier this year. CIF Hongkong spot premiums are now around USS4O-45 a tonne over average cash London Metal Exchange prices
          61 words
        • 66 16 SINGAPORE The Petroleum Authority of Thailand (PTT) will not issue a tender to buy its monthly requirement of 180-centistoke grade fuel oil for October. Traders have been waiting for the PTT to issue an October fuel oil tender. They said that Thailand has
          66 words
      • 1605 16 Rubber Sep 6 HAS Ci—i<t) Wp (Mam closing m at lpai) HAS (fbytkal prfeas) RSS1 Caatract (S cents/kg) Bayars Sallar* Close Volume Open Aa at 12 aaaa (S ccnts/kg) Month High Low Sett (tonnes) Interest j On i u SO 115 SON Ort~93 139.00 138.00 138.25 300 2.700
        1,605 words
    • REGIONAL STOCK MARKETS
      • 1039 17 10.5 THE share market closed higher after falling on Friday, buoyed by firm blue chips and stabilising of the Australian dollar. The All Ordinaries Index closed 10.5 up at 1.962.5 after opening 8.9 up. The All Industrials soared 18.1 to 3,046.5, while the All Resources was 4.5 up to
        1,039 words
      • 555 17 -0.64 Share prices closed slightly lower as investors took profits, following Philippine Long Distance Co's mild drop in New York. "The market took its cue from PLDT," said one trader. PLDT retreated to 47 7 /s from 49% last Friday on Wall Street. The local market mirrored the decline,
        555 words
      • 572 17 -40.76 Share prices closed at a sixmonth low in sluggish trade as most players stayed on the sidelines, lacking buying interest. The Weighted Index slumped 40.76 points to end at 3.815.54. its lowest close since 3,775.19 on Feb 12. Turnover shrank to NT59.43 billion from NT$ 10.44 billion on
        572 words
      • 439 17 10.11 Stocks closed higher in weak trading as buying interest was centred on short-term finance firms, banking and securities. Sentiment was boosted towards the close in anticipation of market revitalisation measures which were announced by the finance ministry. The ministry said it was planning to permit domestic trust companies
        439 words
      • 319 17 -6.06 Shares staged a partial bounceback from earlier lows to end slightly softer when selling in the Australian share market did not happen. The NZSE-40 Capital Index ended 6.06 points down at 1.993.81 after earlier going as low as 1,981.68. Turnover was relatively light with shares worth NZ$26
        319 words
      • 107 17 Reuter •43.90 Share prices closed sharply lower amid thin trading after Income Tax authorities said they were confiscating a large number of shares which broker Harshad Mehta had placed with proxies. The BSE 30-share Index closed 43.90 points lower at 2,620.16. The 100-share National Index closed at 1,238.89, down
        Reuter  -  107 words
    • WORLD STOCK MARKETS
      • 778 17 1.7 THE stock market was on hold and leading indices ended little changed yesterday, with investors sidelined by uncertainty ahead of a flood of company results later this week and because of Wall Street's Labour Day holiday. The FTSE 100 Index ended the first day of the. new trading
        778 words
      • 187 17 +0.74pc Swedish shares ended the day higher on lower debt market rates and a stronger kronor. Volvo's B-share closed down seven kronor at 483. Its shares were suspended in the morning pending an announcement in which Volvo and Renault announced a merger. The OMX Index closed up 0.74 per
        187 words
      • 249 17 -14.88 German shares ended in the middle of the day's range, losing 0.8 per cent overall on dollar weakness and losses in the car sector. The DAX Index was 14.88 points down at 1.910.28 after trading in a 12-point band. All but three of 30 DAX stocks ended lower.
        249 words
      • 250 17 -9.12 Belgian shares closed off their day's lows in a late recovery after suffering for most of the day from a technical correction and some profit-taking after Friday's surge. Traders expected the correction to be temporary and saw shares hitting new highs later this week. The Bel-20 Index of
        250 words
      • 211 17 -26 Italian stocks slumped, ledby insurance shares and Fiat. The MIB Index fell 26 points to 1,357, after rising 18 points on Friday. "The market went one way today and that was downwards," said a trader. There wasn't a buyer in sight." Traders said insurance stocks were hurt by
        211 words
      • 283 17 •0.11 Dutch shares recovered from earlv lows to end mixed and at the day's best levels amid hopes that the correction to last week's record highs may be over. The EOE Index closed 0.11 points lower at 354.27. Out of 24 EOE shares there were 12 losers, nine winners
        283 words
      • 1507 17 Paris Sep 6 Fr Air-Lnjuide 75? 00 -11 00 Alcatel Amthom ***** -K 00 Elf-Aquit ***** -1080 Gale De Banque *****0 Ufa* 435 40 -5 10 Michclm 180 80 -4 00 NctfJe 4305 00 -*400 Norsk Hvdro 155 40 -1 *0 OFP .***** Peuan* SA fr5»00 -TOO Philips <NV Ciem)
        1,507 words
      • 285 17 -26.91 Swiss shares closed almost 2 per cent lower in fairly active trade. The broad SPI Index closed 26.91 points lower at 1,519.76. The blue-chip SMI Index fell 42.6 to 2,392.2. Dealers said the market lacked new factors which could have supported new buying and the weak dollar and
        285 words
      • 373 17 j8 A static gold price and US holiday saw little movement in South African shares, which drifted to a mixed close. Dealers reported some good buying orders for industrials but there were few sellers. The Gold Index added eight points to 1.653 while the Industrial Index lost eight points
        373 words
    • Article, Illustration
      3088 18 Reuter SHARE prices erased morning losses and closed slightly higher, shrugging oiT renewed signs of friction between China and Britain. But trade was sluggish with many investors waiting on the sidelines for further market direction, traders said. The blue chip Hang Seng Index ended at 7,519.66. up 7.53 points,
      Reuter; Source: Bridge Info  -  3,088 words
    • Article, Illustration
      554 18 THE CLSA Shanghai B Index closed at 795.54. up 2.19 points, on thin trading yesterday. The CLSA A Index ended 164.64 higher at 5.665.47. China TM and Dazhong closed 2.56 per cent and 1.22 per cent lower respectively while Vacuum. Wing Sung. Rubber Belt and Jinqiao closed 3.03 per
      554 words
    • Article, Illustration
      2530 18 Reuter STOCKS ended slightly weaker on profit-taking by institutional investors and index-linked selling. brokers said. Trading was relatively quiet as market participants were sidelined before futures and options contracts expire on Thursday. "Investors also had some worries over how much a discount rate cut can stimulate the poor domestic
      Reuter; Source: Bridge Info  -  2,530 words
    • Article, Illustration
      1860 18 Reuter STOC KS lost their morning gains in the afternoon on profit-taking after strong rises last week, but brokers said the market was consolidating. The SET Index lost 2.87 points to close at 988.45 on turnover of 6.47 billion baht. It had dropped to a low of 986.03. down
      Reuter; Source: Bridge Info  -  1,860 words
    • Article, Illustration
      998 18 Reuter SHARE prices ended lower in moderate afternoon trading on profit-taking. The Official Index fell 1.03 points to 416.13. "Foreign interest in underpriced shares helped the market sustain its sentiment, hut profit-taking dragged prices down." a broker said. Astra International rebounded 3(X) rupiah to 16.100 and remained well supported.
      Reuter; Source: Bridge Info  -  998 words
    • 2459 19 Source: Bridge Info Source: Bridge Info Promct 24.310.000 Idns Hyd 50c 22.151.000 Bedford 50c I2.22S.OOO Sn Hartamas 11.164.000 ICamunting 50c 9.709.000 Fiber Group 7.075.000 Landmarks Bhd 6.759.000 FACB 50c 6.431.000 Mulpha I nil 50c 5.119.000 Asia Pac Ld 50c 4.637.000 ICemayan 50c 4,049.000 Renoog Bhd 50c 3.553.000 MlilT
      Source: Bridge Info  -  2,459 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5313 19 Bernama SHARE prices in Kuala Lumpur closed mixed as sharp gains on situational stocks offset slight profit-taking in blue chips. Union Paper (UPHB) fell 50 per cent to M 56.20 after a two-month suspension. The weighted KLSE Composite Index lost 3.03 points to
        Bernama; Source: Bridge Info  -  5,313 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1097 20  -  By Quak Hiang Whai THANKS to strong economic figures from both sides of the Causeway. Singapore stocks continued to extend their gains yesterday, pushing the local indicator to its four consecutive record closing. Boosted by the Republic's robust trade growth in July
        Source: Bridge Info  -  1,097 words
      • 63 20  -  Quak Hiang Whai IDRIS Hydraulic remains i speculative play, trading 01 short-term fluctuations. Thi stock has broken $2 and i looking at $2.50. The upside however, seems limited. A $2.30, the stochastics and RSI would be in the overbough region. On the downside, tb daily and weekly MACDs
        SOURCE: BRIDGE INFO  -  63 words
      • 6304 20 WAIN BOARD Cr Gr 1993 Lm Vol D.r IM Qaate Dri DtrVM N* M Cm Hich Lw j -j Sale CM*) High U Bay* Seller CV P/E U* INDUSTRIAL AND COMMERCIAL 1350 260 Aetna 1270 30 I5S2 1300 1210 1270 1290 12.5 2.1 1.0 55.0 875.4 270 220 Aic* Hldfs
        6,304 words
  • Page 9 Advertisements
    • 148 9 I You can leave that to your secretary. The new range of Vistatel digital keyphones is so advanced, it links you to a main terminal which accomodates computers, facsimile machines, doorphones and other analog devices. From a capacity of 12 lines and 40 extensions, the system can be modularly expanded
      148 words

  • Page 10 Advertisements
    • 59 10 Will Your Server Technology Leaps? Many servers claim they can accept the Pentium chip. But most run on the slower 32-bit data paths. One server, however, will maximise the Pentium's abilities. ALR's Evolution VQ: the server 1 Byte magazine voted Best at COMDEX USA 1993. server hbhbuM J[ the Fax
      59 words
    • 6 10 Dividends table has been held over
      6 words

  • Page 11 Advertisements
    • 15 11 rHINA THE RE-EMERGENCE OF AN OIL GIANT B SINGAPORE OIL LECTURE ASIA ENERGY LECTURE 1993
      15 words
    • 334 11 SAVE YOUR HAIR WEEK NOW UNTIL 11 SEPT Formula E. J If you are worried about your hair you doubtless study every tiny area w of your scalp that seems to 'show through' more than it should. You cant be sure, AkI there may not be any problem but then
      334 words

  • Page 12 Advertisements
    • 97 12 MYNA NC4OIO, MYNfI NC4012 i "MYNA" Brand NC4OIO. NC4OIZ Striped Printed Bed Sheets (Originally "SPARROW 333" Bed Sheets) are traditional commodities ot Jiangsu in China. vkj) Art. No. NC4010: All Cotton, Weight 24 liang /piece 80"X90". Art. No. NC4012: All Cotton. Weight 12 liang/piece 54"X78". "MYNA" Brand also used for
      97 words

  • Page 13 Advertisements
    • 50 13 NCR can make THE NCR SYSTEM 3000 FAMILY A COMPANY-WIPE APPROACH TO COMPUTING NCR is the name and mark of NCR Corporation, AT&T and the AT&T Globe design are registered service marks and trademarks of American Telephone And Telegraph Company. The Intel Inside L-ogo is a trademark of Intel Corporation.
      50 words

  • Page 14 Advertisements
    • 77 14 continues with their House Hunt How much is private property really going for? Should you buy now, or later? House Hunt gives you the actual transacted prices of all private property sold in Singapore each month. From that, you'll have a clear view of the market. And a clear lead.
      77 words

  • Page 15 Advertisements
    • 69 15 U: E k f f -mL* s Jm& TT^^^Hf I Sfe T't *Ua£fi^^^^^B^"%'-'.$V la, ONE OF OUR 10 BUSINESS PROFILES FOR YOUR OWN COPY. CALL 530 5127 V^ {&Ihp -J|R>*B^^W^B r (Jlnfe/Zigeii/ intelligence, from the international bank group. fiy§B Bk Why exports to Canada must be labelled in French. Why
      69 words

  • Page 16 Advertisements
    • 483 16 in District 10 (Holland Road) An exclusive 'Tropical Garden Condo' Modern European style kitchen 4 bedrooms and 1 servant's room, Rental from $8,000 partially furnished Good facilities and very well managed Sole Marketing Agent: Jones Lang Wootton Tel: 220 3888 BUSINESS TIMES TOLL-FREE TEL. No. 1800-741 1833 FAX:74I 1298 NOTICE
      483 words
    • 32 16 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead SKffiSS offers B= the most I s current frlUto/Job IF opportunities available-
      32 words





  • SPORTS
    • 444 21 Golf AP, Reuter CRANS, Switzerland Barry Lane shot a final-round two-under-par 70 on Sunday to hold off Seve Ballesteros, who charged from seven strokes off the lead, and win the European Masters by one stroke. Lane, who started the day two strokes behind third-round leader
      AP,; Reuter  -  444 words
    • 565 21 US Open AP NEW YORK Men's tennis is perfect for the city that raised power lunches to a fine art. Power games big serves and huge groundstrokes are dominating the US Open. "You don't really have that much of a chance to get into a
      AP  -  565 words
    • SPORT SHORTS
      • Article, Illustration
        47 21 Reuter RIETI, Italy Algerian Nourcddine Morceli slashed almost two seconds off the eight-year-old world mile record when he clocked three minutes 44.39 seconds at an international meeting on Sunday. The performance eclipsed the record of 3:46.32 set by Englishman Steve Cram in Oslo in 1985. Reuter
        Reuter  -  47 words
      • Article, Illustration
        67 21 Reuter NEW YORK American League Sunday: Kansas 5 Boston 2; NY 7 Cleveland 2; Chicago 5 Detroit 3; California 5 Toronto 1; Baltimore 9 Oakland 2; Seattle 3 Milwaukee 2; Minnesota 8 Texas 3. National: Atlanta 3 San Diego 2; Florida 4 LA 3; Philadelphia 5 Cincinnati 3; St
        Reuter  -  67 words
      • Article, Illustration
        176 21 Reuter AFP AP CRANS-SUR-SIERRE, Switzerland European Masters leading final round scores Sunday (GB unless stated): 270 Barry Lane 69 67 64 70 271 Severiano Ballesteros (Spn) 71 66 68 66, Miguel Angel Jimenez (Spn) 67 68 63 73 272 Pcr-Ulrik Johansson (Swe) 71 64 68 69 273 Howark Clark
        Reuter; AFP; AP  -  176 words
      • Article, Illustration
        214 21 AFP NEW YORK US Open Sunday (x denotes seed) Women's singles 3rd round: Arantxa Sanchez vicario (Spn x 2) b Chanda Rubin (US) 6-0 Helena Sukova (Cze x 12) b Karina Habsudova (Slo) 3-6 6-2 6-4; Nathalie Tauziat (Fra xl 4) b Christina Singer (Ger) 6-3 6-2; Martina Navratilova
        AFP  -  214 words
    • 412 21 AFP WASHINGTON Joe Montana and Steve Young answered questions about their abilities on Sunday, leading their teams to victory on the opening day of the 74th American football season. Young, the sport's highest paid player at US$2B million (5544.8 million) over
      AFP  -  412 words
  • Page 21 Advertisements
    • 389 21 [BIG BERTHA®. 1 Named after the largest and most S2H2*. 1 Callaway designed the S2H2", NOT JUST BIGGER. BETTER. J famous cannon used in World War SIMPLY A MATTER 01 PHYSICS. Jor Short Straight Hollow Hose!, One, the Big Bertha* has justly earned the accolade of being the occording to
      389 words

  • Page 22 Advertisements
    • 47 22 Nothing Beats A Bud. BUD LIGHT y||^Hb^;; li It :^lllll^ The overwhelming response at Kurumaya Japanese Restaurant prompts us to Cut The Queue for you *jC+* a^ffi I HAPPY HOUR SPECIAL^ AT ONLY $3.50.jfil P E Bkr^ HiiflH^ :KiBSl ':BHS|:: KhMSII :;nmn; ■ni: HjheTuffet of buffets 1
      47 words
    • 291 22 WHERE TO WINE, DINE AND ENTERTAIN 1 f' SEPTEMBER Comes with 25% Discounts and a $2,500.00 Prize. Cafej*laza 25% off Early Bird International Buffet Dinner (Weekdays :»>pm 7 pm) 25%pj^j u U cart* Dinner Menu 25% off Nest inlToek Sugar PL^HoreL lEGOCITINGI breakfast $6.00 NETT Catch our newly hatched breakfast
      291 words
    • 24 22 SBBB I jX LiJ TIJMTC t -i .."•> ■s?99^W^^^l^^^^lE^E322G2!Cl j 1.; >m I i» «V t^vivi II More silver. I For less gold. J -f::;*-
      24 words

  • LIFESTYLE
    • 832 23  -  A tribute is planned for a 300-year-old institution, reports Clarine Chonghaile Clarine Chonghaile Reuter Dead bodies, Sherlock Holmes, kings and queens London's cabs have carried them all. From early horse-drawn hackney coaches to the fast black cabs of today, they have served the capital's travellers since
      Reuter  -  832 words
    • 443 23 NYT THE district attorney investigating the March 31 shooting death of the actor Brandon Lee in Wilmington, North Carolina says he has decided against charging a movie production company with negligent homicide. The announcement comes five months after Lee was shot at with a blank
      NYT  -  443 words
    • 331 23 CHATTERBOX UPI BEST-SELLING romance novelist Danielle Steel is trying to block publication of an unauthorised biography by People magazine writer Lorenzo Benet. In Steel's San Francisco Superior Court lawsuit, unsealed this week by the California Supreme Court, she claims Benet invaded the privacy of
      UPI  -  331 words
  • Page 23 Advertisements
    • 43 23 Get WILD BOP 'til you DROP! SPINNIN' to the groove and makin* EUROPA RIDLEY'S ANA Hotel -16 Nassm Hi Tet 235 0135 the Coolest party here WWm* tii RESER VA TION HOTUNE 225 6636 10 am 6 pm (Mondays Fridays) tv \rJM \Vy/J
      43 words
  • Page 23 Miscellaneous
    • 1334 23 I TV RADIO The Accidental Tourist, 8.30pm, A travel writer (William Hurt) finds turned upside do\«.n HgPPp J®(Kathleen Turner) returns to J ga^ L the loving bosom of the family /df after learning that he broke his leg. Also stars Geena Davis. f Tigers Of Thailand, 9.30pm, SBCI2 J Sold
      1,334 words

  • PROPERTY & CONSTRUCTION
    • 1410 24  -  After Kuala Lumpur rolled back some of the regulatory hurdles, foreign buyers are trickling back, says Sylvia Wong Sylvia Wong Foreigners are trickling back into the Malaysian property. The market has adjusted to the controls on foreign investment imposed by the powerful Foreign Investment Committee
      1,410 words
    • 470 25  -  Catherine Ong details a mixed development that will rise by Hangzhou's river banks Catherine Ong Renowned American architect and developer John Portman has been awarded the design and masterplan contract for a HKSIO billion (552.07 billion) project to create a modern
      470 words
    • 458 25  -  JCC's rooms will be open to the public, reports Ang Wan May Ang Wan May ™W URONG Country Club (JCC) plans to open 60 to 80 guestrooms within the ■next two years on the club's f anises at a cost of $6 miln. JCC
      458 words
    • REGIONAL SKYLINE
      • 62 25 HONGKONG Holiday Inn Worldwide has signed an agreement with Pallava Hotels Corporation of India to operate the Holiday Inn Crowne Plaza in Madras. The 200-room hotel is due to open early 1995. Holiday Inn already operates hotels in New Delhi, Bangalore. Bombay and Hyderabad. It
        62 words
      • 56 25 SINGAPORE International firm Denton Corker Marshall Ptc Ltd has won the contract to design Melbourne's AS 120 million (*****.8 million) Exhibition Centre at Southbank. The firm has participated in projects such as the Australian embassies in Tokyo and Beijing, office buildings and condominium developments around
        56 words
      • 85 25 SINGAPORE The US-based Park Plaza International group of hotels and resorts, has opened a sales office in Singapore to further strengthen its presence in the region. The office, located in the Tanjong Pagar conservation area, will mainly service the needs of corporate clients and travel
        85 words
      • 68 25 HONGKONG London will be promoted by the London Docklands Development Corporation (LDDC) and the Corporation of London at the first World Market Property exhibition to be held in Hongkong at the end of this month. The LDDC. Europe's largest urban regeneration agency and the local
        68 words
    • Article, Illustration
      321 25 Selected ERA transections in the past week 1 tran—ctton# P-*** Pro ct («q>y > lmn S *(sJ) te# 8lpd PRIVATE Aug, 1993 0820 HoaNamBklg Apt 947 FH 300,000 317 Sep 3.1993 0821 I Hertford Road Apt 1733 FH I 560,000 323 Sep 2,1993 J 1130 Gistead Manswr Apt
      321 words
  • Page 24 Advertisements
    • 179 24 Let AST's all new 486 Bravo NB Notebook perform wonders for you! The latest Bravo NB Notebook is a new addition to Powerful Intel 25 MHz 486 SX processor AST's value-line Bravo family. Available in 3 models, Brilliant video display with Local Bus Graphics Bravo NB 4/258, Bravo NB 4/25s
      179 words

  • Page 25 Advertisements
    • 54 25 V MULTIPURPOSE CORRECTION PEN MITSUBISHI PENCIL CO.,LTD. JAPAN Touches up on mistakes easily and smartly. Can be used on all types of water soluble or oil-based ink. No thinner necessary. Available at all leading department stores. Sole Agent: BALMAR MARKETING Tel: 235 9577 Metnbef of Jebsen A Jessen Group of
      54 words
    • 190 25 JINS M BY THE 'A, C. SINGAPORE U*El^d!>» L J mmil Ml Vy" Whatever your fancy we've the dishes J N J From Tim Sum to steamboat and from C€ k f local seafood to Cantonese cuisine. At the House of Four Seasons you can J -J afford to choose
      190 words

  • 514 26 EDITORIAL BOSNIAN President Alija Izetbegovic will explain to the United Nations Security Council today why he refused last week to sign away 70 per cent of his country at the Geneva peace talks. Council representatives will have sympathy for the embattled Bosnian leader, but it will
    514 words
  • WHAT THE OTHERS SAY
    • 285 26 IT IS UNLIKELY that the tough decisions necessary to conclude the Uruguay Round successfully will be forthcoming. Optimists could, of course, point to some hopeful signs. The market-access agreement announced by G-7 leaders last July was seen as a shot in the arm for the
      285 words
    • 104 26 SOME TOWN COUNCILS have been forced to abandon their expansion plan for recycling. This is not something that we can be proud of, especially when looking at the reason behind such failure. Plain laziness is one of the reasons. Then, many people could not be bothered with
      104 words
    • 238 26 YIN HE has Anally been cleared of the US allegation that it carried banned chemicals, an issue which has been plaguing Sino-US ties for the past few weeks. The US may have embarrassed itself due to loopholes in its intelligence. If so, the US had better review
      238 words
    • 108 26 LIKE THE FALL of the Berlin Wall, where two seemingly irreconcilable foes have broken down a barrier to peace, the Israel-PLO agreement signals the start of a long-needed reconciliation process. It is indeed a triumph for world peace, and both the Israelis and the
      108 words
    • 172 26 THE GOVERNMENT, being neither elected nor representative, deserves to be pulled up short when it behaves with arrogant disrespect for popular opinion. But Legco is not representative, either. Less than onethird of its members are directly elected and can claim with any amount of moral force
      172 words
    • 151 26 DESPITE its excellent display of highway construction technology, it is unfortunate that Project Lebuhraya Utara-Selatan (PLUS) neglects to equip itself with essential items such as cranes, ambulances, and trained paramedics to respond to emergencies effectively. The responsibility to provide highway-users with sufficient facilities along
      151 words
  • 818 26  -  Today, US Vice-President A 1 Gore will unveil some 800 recommendations to make the government more efficient. Gwen Ifill discusses the issues Gwen Ifill NYT WHEN US VicePresident Al Gore steps into the spotlight today to remove the wraps from a hefty volume of
    NYT  -  818 words
  • Page 26 Advertisements
    • 401 26 NOTICES WOCBCM Oversea-Chinese Banking Corporation Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT THE PROPOSED BONUS ISSUE OF UP TO 130,194,033 ORDINARY SHARES OF $1.00 EACH ("BONUS SHARES") ON THE BASIS OF ONE BONUS SHARE FOR EVERY SIX STOCK UNITS HELD BY STOCKHOLDERS OF THE BANK (THE "BONUS ISSUE") The
      401 words
  • Page 26 Miscellaneous
    • 157 26 m Business Times Times House, 390 Kim Seng Road (0923). Phone: *****11. Telex: RS *****. Fax:733-5271 Chief Operating Officer: Denis Tay Editor: Patrick Daniel Group General Manager (Production): Chew Keng Juea Associate Editor Margaret Thomas Group General Manager (Marketing): Tham Khai Wor News Editor: Alvin Tay Night Editor: Leong Fook
      157 words

  • ANALYSIS
    • 1131 27  -  Tokyo Correspondent Anthony Rowley examines a recently-published report by the Japanese Ministry of Foreign Affairs promoting the concept of institutionalised economic cooperation in the Asia-Pacific Anthony Rowley THE IDEA of an Asia-Pa-cific economic community is gaining momentum and is likely to be given
      1,131 words
    • 357 27 AN American economist in the Asian Development Bank once accused his Japanese colleagues of having a "Zen-like obsession" with the rather diffuse concept of economic "growth triangles" in Asia. Tokyo is obviously unrepentant about this obsession, judging from a paper prepared for Japan's Ministry of
      357 words
    • 1117 27  -  The head of China's single largest share trading company tells Stephen Vines how it all started and what else is in store Stephen Vines GUAN Jinsheng is bursting with plans. Having masterminded the recent acquisition of two listed companies in Hongkong, the head of
      1,117 words
  • Page 27 Advertisements
    • 305 27 Nows your fll chance to pay fll tribute to 111 the spirit of II entrepreneursmp 111 Cast your nominations for this years Singapore Business Awards Business Time*, Singapore business daily, and DHL Worldwide Express, tlw leading international air cjipits* company, tint started an awards scheme to honour Singapore moat successful
      305 words

  • 511 28 AP PARIS France's Renault SA and Sweden's Volvo AB announced yesterday that they will merge on Jan 1, forming the world's sixth largest automaker in an alliance aimed at boosting the companies' global competitiveness. The companies together produced more than 2.4 million
    AP  -  511 words
  • 246 28 BEIJING Indian Prime Minister PV Narasimha Rao, who started an official four-day visit to China yesterday, said relations with Beijing were at their best ever. During a meeting with his host, Chinese Premier Li Peng, Mr Rao said ties were "much
    246 words
  • 49 28 Reuter INTERLAKEN, Switzerland Sepp Ambauen of Beckenried making the throw of his life at a stone throwing competition at the Swiss Alpine Unspunnen Festival in Interlaken on Sunday. Ambauen threw the 83.5 kg stone 3.67 metres to take the trophy. Reuter
    Reuter  -  49 words
  • 329 28 Reuter CAIRO International air networks will crumble gradually if the recession in the airline industry continues, with losses running into "billions of dollars" this year. "It's far too soon to talk about light at the end of the tunnel. The
    Reuter  -  329 words
  • 303 28 Reuter BRUSSELS Belgium, known across the world for its comic-book skills, has brought out a cartoon book to explain the intricate workings of the European Community. A near-extinct yellow, migratory bird called Pax, meaning peace in Latin! was chosen by
    Reuter  -  303 words
  • 795 28  -  The Bottom Line JACKIE SAM JACKIE SAM The writer is a Hongkong-based political consultant who contributed this commentary to BT IN THE newsroom, in the Foreign Correspondents' Club and over the telephone lines, the message that went out was: The
    795 words
  • 283 28 Rival lodges competition complaint against US software giant Reuter BRUSSELS Software giant Microsoft Corp, already the target of an anti-trust investigation in the United States, said yesterday that a competition complaint had been filed against it with the European Community. "We will fully cooperate
    Reuter  -  283 words
  • 468 28 AP DAMASCUS President Hafez Assad added his support to the Israeli-PLO peace accord on Sunday, saying he backed the Palestinian people's right to make their own decisions. The endorsement from President Assad, a key player, came after he met for six-and-a-half hours with PLO
    AP  -  468 words
  • Page 28 Advertisements
    • 126 28 f Singapore's most popular NitsukoiSß Telephone System Reviewing honour guard, Pg 4 |P»T 1 rw/sLNST Singapore's Largest Travel Group announces the opening of its 12th franchisee #Farman TVavel Aquila Room Level 3 Marina Mandarin Hotel Singapore Tel: *****37 Fax: *****50 Our experienced staff network provide specialised travel services for: fa
      126 words
    • 14 28 Si/VQAponc co/yt^Distributor of the most sought after Key Telephone System Tel: 278 7088 J
      14 words

  • Shipping Times
    • 573 29  -  By Dexter Lee SINGAPORE Hamburgbased feeder operator Bengal Tiger-Line (BTL) is gearing up for an even bigger slice of the Singapore-India box trade, in which it is already the market leader. The carrier plans to increase the frequency of its Singapore-Madras
      573 words
    • 360 29 Bloomberg Business News LONDON Semi-permanent floating storage available for crude oil and light products has reached the highest level in more than seven years, shipbrokers said. The number of vessels at anchor for use as semi-perma-nent floating storage rose to 43 with a total
      Bloomberg Business News  -  360 words
    • 383 29 AFP SUVA Fijian dock workers went on strike at midnight here on Sunday night in support of a Cabinet decision to review the Ports Authority of Fiji's (PAF) wharf operations in the Pacific island nation's main port. But Acting Labour Minister
      AFP  -  383 words
    • 844 29 Page Col ABC Containerline 12. 1 Accord Group 8 1-3 Ahrcnkiel 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
      844 words
    • 240 29 MBT KUALA LUMPUR Employees of the Penang Port Commission (PPC) have requested a pay rise of more than 17.5 per cent in their collective agreement (CA) when the PPC becomes a corporate body later this year. The PPC Employees Union, which represents 1,600
      MBT  -  240 words
    • 312 29 MBT KUALA LUMPUR The port of Kuching posted a 12 per cent increase in container traffic to 18,100 TEUs (20-foot equivalent units) during Janu-ary-May 1993, from 16,069 TEUs for the same period last year. Kuching Port Authority statistics showed that it handled
      MBT  -  312 words
    • SHIPS IN PORT
      • 465 30 Vessel Voy Ho iertfc Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Bangfat Nave 20EB P08A 06.09/1500 07 09/0500 Amrta laya I 1 14/5 alongside 07 09/0600 8rastagi 1 US/93 1*03 0709/1600 0709/7300 CFC Nppon 9301 119 alongside 07.09/2359 Builder 3 16/93 P02 0709/0730 07.09/1900
        465 words
      • 1411 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookhf/Balanct Rslts Ship Voy No Etb/Btr Period From To From Aci Suran 82A 08/1500 1 06/1500 06/1659 06/1900 3 07/0700 07/1159 07/1400 4 07/1200 07/1459 07/1700 Ante *****N 07/2359 1 06/1500
        1,411 words
    • 11267 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 at Penang after
      11,267 words
    • 3238 43 mm ican President Lines; Sen-Land; Neptqne Orient Lines; Maersk Une; Nippon Yusen Kasha Line; Mitsui OSK Unes; Nippon Liner system; "K" Line; Orient Oversees Container Lmc k (Nertk Amrica/Far im& Anrerw Prwdent Line; Mttsai OSK Lines; Nippon Liner System; "K. Line. Blue si**" Line; Maersk Lme; Mitsin OSK;
      3,238 words
    • 276 43 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborae Freight Corporatioa Tel: 542-8844. Fax: 542-3716 *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Sapplic t Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Oty-Liak lateraatioaal Td: 344-3377. Fax: 345-6450. Cluster Link Sapplki A
      276 words
    • 1467 43 Ahex Express Freight Td 542-7171. Fax: *****84. Actiafc Forwarder Td: 225-1833. Fax: *****42. (isSSVFax: *****20. Aeroiiak Freight International Td: 545-8031 Fax: *****05. Tet" 542-5911 Fax. *****18. Air Carps Nam Express Td 542-5454. Fax: *****06. Air Express lateraatioaal Td 542-7666. Fax: *****74. *****50. Afr Market Express Td 542-5966. Fax:
      1,467 words
    • 2387 44 ALBANIA Duress: Twelve vessels in port of which 6 operating as follows: 1 discharging wheat, 2 flour, 2 general cargo, 1 coal, 1 vessel in roads waiting to discharge flour, 3 vessels due by Sep I of which 1 to discharge flour, 2 butter, 2 vessels due by
      2,387 words
    • 557 44 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY NCA KZ203 B747f 0145 I NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 I SEL NCA KZ204 B747F 0335 I BKK/NRT JAL JL6I7 B747F 0345 I TYO KAL
      557 words
    • 978 44 SHIP SALES TANKER RATES The information was contribututed by Simpson Spence Young AFP INTEREST in panamax bulkers has been highlighted this week with three sales reported, all to Greek buyers. The Manila Grain 60,000 dwt and built 1980, Bulkmadeira 72,000 dwt and built 1974 and Adventure 61,000 dwt and built
      The information was contribututed by Simpson Spence & Young; AFP  -  978 words
    • 319 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calls Port Agent T elephone No SEPTEMBER 10 10 Leisure World 1500 2000 Cruise to Nowhere Lauw Sons Travel 227-8284 10 10 Coral Princess 1700 2030 Cruise to Nowhere Semjom Agencics 227-8284 12 12 Coral Princess
      319 words
    • 842 45 THE FREIGHT market saw active grain chartering Friday, with the key grain route US Gulf to Japan holding at about steady levels. Two heavy grain cargoes of 52,000 long tons each for shipment from the US Gulf to Japan fetched rates of U5523.75 and U5523.25, basis one combination
      842 words
    • 929 45 COURSES Title: 1-Day Familiarisation Course on Singapore Bunkering Procedures (SDF case-by-case basis) Duration: Sep 8 Organiser: Singapore National Shipping Association Tel: For further details and application forms contact SNSA at tel: 278-3464 or fax: 274-5079 Title: Container Management (SDF 70%) Duration: Sep 9 Oct 14 (6 evenings) Organiser
      929 words
    • 1009 46 After a close shave with bankruptcy. Northwest Airlines is studying changes to its route operations and intensifying its cost-cutting programme in an effort to continue flying Bloomberg Business News AFTER recently winning US$BB6 million (SSI.4 billion) of employee concessions and restructuring its finances, Northwest Airlines
      Bloomberg Business News  -  1,009 words
    • AIR AND LAND TRANSPORT NEWS
      • 479 48 MBT KUALA LUMPUR Malaysia's Ministry of International Trade and Industry (Miti) is weighing available options on how to liberalise the Malaysian motor vehicle industry, taking into account the views of the private sector which arc sought from time to time. The ministry's secretary
        MBT; Source: Malaysian Motor Traders Association  -  479 words
      • 335 48 Reuter FRANKFURT The chairmen of two German car companies this weekend criticised the dispute between Volkswagen AG and General Motors Corp over industrial spying as damaging to the industry. Bernd Pischetsrieder, chairman of Bayerische Motoren Wetke AG, told Die Welt newspaper in an
        Reuter  -  335 words
      • LOG BOOK
        • 93 48 The Star KLUANG Malaysian Shipyard and Engineering Sdn Bhd (MSE) will turn away ships calling only to dcsludge. However, State Environment Committee chairman Jimmy Low Boon Hong said last week that vessels that seek to desludge, as well as require repair and maintenance services,
          The Star  -  93 words
        • 65 48 Reuter ALDERSHOT, England British shipbuilder Vosper Thorneycroft Holdings pic said it has won a support contract from Qatar to provide spares, maintenance and training for four fast strike craft which Qatar ordered from Vosper last year. A spokesman declined to put a value on the
          Reuter  -  65 words
        • 103 48 Reuter BONN The chairman of Mercedes-Benz AG said he expected the company to produce around 485,000 cars this year and a further 156,000 commercial vehicles. Helmut Werner told the Welt am Sonntag newspaper that the company was operating well below capacity, but said it was not
          Reuter  -  103 words
        • 75 48 Reuter ALDERSHOT, England Hunting pic unit Halmatic Ltd said it has won a design-and-build contract for two fast patrol boats from the British Ministry of Defence. The company declined to disclose the size of the order but it is believed to be below £5 million
          Reuter  -  75 words
        • 85 48 Jakarta Post JAKARTA Garuda Indonesia now offers free check-in services at various locations in Jakarta and the East Java towns of Surabaya and Malang to ensure that passengers get seats on their flights. Garuda said here that the "city" check-in services, introduced last week, will
          Jakarta Post  -  85 words
      • Article, Illustration
        44 48 Reuter YOKOHAMA, Japan A driver sitting on the cockpit of solar vehicle "Son of Sun" entered by the Kyocera Corp at the start of a solar car rally race in Yokohama, south of Tokyo, on Sunday. This vehicle won the race. Reuter
        Reuter  -  44 words
      • 1576 48 cay jgn ra iggg c*i nut cw r—< n» Aku PfcaW GA893 1630 QA974 1940 ujjy. Ofsi iQY) Oreo TOSS F rankfvrt GA895 1435 QF5 2225 L2f2 5l£± f25E LH772 1600 SQ326 2230 Amtordam GA895 1435 SQ320 1100 QF6 1845 LH773 2359 KL837 1445 GA974 1940
        1,576 words
      • 275 48 NYT NEW YORK Reed Elsevier pic, an Anglo-Dutch publishing conglomerate, said on Saturday it had agreed with the joint administrators of Maxwell Communication Corp to acquire the assets of Official Airline Guides for US$4l7 million (***** million) in cash. "This is an excellent
        NYT  -  275 words
      • 312 48 FT TOKYO Japan Air Lines (JAL) is to shift some of its aircraft maintenance to China, where labour costs are onetenth those in Japan. JAL, which is under severe pressure to cut costs quickly, will take a 10 per cent stake
        FT  -  312 words
  • Page 29 Advertisements
    • 57 29 If you want it thereJ yesterday. Mr Fly ft with &"< us today* JfT jfk, GRIFFIN KINETIC *****33 Penny-pinching for Northwest, Page 18 Study to free M'sian motor market, Back Page Una* and services represented by Members of tIM Registry of Accredited Shipping Agents, Singapore National SMp- Uj|«Ky ping Aniclitkn
      57 words
    • 162 29 International Freight Forwarder EUROPE LCL FCL Services "^@oooooo M+R FORWARDING PTE LTD ESS J^V| IB INTRODUCING EXPRESSRAIL'S EXPANDED ON-DOCK SERVICE. Seamless, on-dock transfers are only part of it The Port of New York New Jersey offers the most first-in/last-out sailings and new, daily double-stack service via Conrail and CP Rail.
      162 words

  • Page 30 Advertisements
    • 450 30 <4*1 TSWJNE AGENCIES (S) PTE. LTD. j B TT Tel: 226-3363 g"8 J. •3.JV. LUNIL E»SEKU I TOKYO SENPAKU KAISHA, LTD. CR No: **********0N 1 t EXPORTS TO HOH6KOWG. MAHLA. TAIWANI JAPAN "TWICE WEEKLY" N CffW 02E 0109 12J? ACX POST 438 **87J9 **0109 07.09 1109 14.0S 1109 2109 21.09
      450 words
    • 531 30 SINGAPORE N.Y.K. AGENCIES (S) PTE LTD TEL *****23 FAX *****54'*****09 CFS *****66 (C P NO: **********0 E) NIPPON YUSEIM KAISIIA i, m m. 4y »j J* •1' T.I 17 r*7 Sfcj a t r.,i I.I J|I| 'IB: '.111".-' IB 'II a *PT\* CYP** CMfOMA SATURN alLLJUgllBllB inTui 1 ESIJ Inl
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  • Page 31 Advertisements
    • 2197 31 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES ,^SPSSS?t^AV**??' I TEL' *****13 FAX* *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 H DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) T *****4 PAX: 626M 1 C FS TEL *****6 BOOKINGS TEL: *****80 *****81/ *****82 ,none* H CFS (PSA F5) TEL *****21/ *****79 at fit? A?
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    • 1691 31 INCREASING COVERAGE OF ITALY NOW ALSO SERVING NAPLES/PALERMO IN ADDITION TO GENOA AND LEGHORN VESSEL: MAERSK ROTTERDAM V. 9308 ETA SIN 12TH SEPT 93 VnM Voy ETA ETD Fonder by DESTINATIONS T1»» MM MA REN MAERSK V 9308 14/ m oaoo mrs CFS 13/0# 2359 MRS JOH LPK PEN OAK
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  • Page 32 Advertisements
    • 1579 32 AQABA RDAM/I [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JED) STON H'BURG A WERP HAVRE |J*l AYBIA KAQA 31/135 8/9 25/9 28/9 26/9 "tKeUngPenanq LUOWIOSHAFEN EXPRESS 09/335 11/9 20/9 26/9 29/9 2/10 4/10 6/10 P««ir Gudartg KASUGA I 26/136 15/9 2/10 5/10 3/10 EAST MALAYSIA LEVERKUSEN EXPRESS
      1,579 words
    • 561 32 FCI BreakbtHk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vootochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary CSFR Poland coarrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-B AN JUL-BISSAU-LU ANDA-BAT A Feeder Vessel ETA SIN VILLE
      561 words
    • 1220 32 I NORASIA NORASU SAMANTHA 9334-3 10/09 29/09 02/10 03/10 03/10 04/10 05/10 07/10 OS/10 09/10 I NORASIA SUSAN 9335-3 16/09 06/10 09/10 10/10 10/10 11/10 12/10 14/10 15/10 16/10 I NORASIA SMGA 9336-3 23/09 13/10 16/10 17/10 17/10 11/10 19/10 21/10 22/10 23/10 I NORASIA SHARIAH 9337-3 30/09 20/10 23/10
      1,220 words

  • Page 33 Advertisements
    • 1963 33 H STRAITS SHIPPING PTE LTD 10 Mm Chiang toad #11-01 Ktppd Towers Singapore 0208 Tol: *****88 Fax: *****17 i maM «uw pacwk uwi g W (A «€RV>Ce Of CHINA NAVIGATION CO) •com \y3yv CARGO MI SAAS I STMITS PMK wot KR. Stun. Taw 09-10 Sap 10 Sap 12 Sap FCX,
      1,963 words
    • 2688 33 »|L\ t SINGAPORE AGENT: TjMCjfl P4O Container# (Singapore Agencies) Pte Ltd X O 10 Hoe Chiang Road #07-01 KEPPEL TOWERS, SINGAPORE 0208 K\ Te,: 225 2233 Tete RS ***** PNOCSP Fax: 225 5327/222 7517 CR Numbar: 1Q*****0000Z EXPORT IMPORT VtMCL VOV pPMO *PKO MM Alt MU «MT MT HAM BM
      2,688 words

  • Page 34 Advertisements
    • 808 34 i|K EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE L-MTAHMM TWAM PAfiEfl 1 KAhPPtWHK/PfttCT 2WM Hi, lAH ■i i— a— IW CH MMI an TWAPt MM*Y MM *****24 777Wft'»1ir* WAKOtKI 7aH7fV»M«B KELVIN CHAN *****2 i *****22/M***** I TO MYANMAR/YANGON SEMI CONTAINER SERVICE M OCEANLINES m/vor
      808 words
    • 1878 34 (g) HANJIN SHIPPING FOU VSI SM I LIS HAU. SiA POX FOR VSI 9N IIME HAUL SAV IM NYC HAMJM VANCOUVER 014 C 9/9 O«ECT 31/9 2/1# HAIUN VANCOUW* 01« 9/9 H HONGKONG 0411 14/10 15/10 17/10 HANJM OAKLAND 02X 16/9 DOKCT 7/10 9/10 HAfUH OAK LAW 02X 16/9 M
      1,878 words
    • 241 34 r 0 EVERGREEN 1 Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) US WEST COAST/PNW SERVICE mill 1111 IMBQUND FAR EAST/RED SEA/MEDITERRANEAN MED/RED SEA/F E. INBOUND FAR EAST/ SRI LANKA/ INDIA/ PAKISTAN/ FAR EAST Mil I 111 1111 II I IMROUND RTW SHIPPING (S) PTE LTD
      241 words

  • Page 35 Advertisements
    • 2084 35 II II sex: 'NEPTUNE CYPRINE 02E' eta sgp 08/09/93 l| II wCL II ARRIVING LOS ANGELES 25/09/93 IN 16 DAYS HI II II AEX:-PACIFIC BRIDGE 02E' ETA SGP 08/09/93 HI arriving NEW YORK 01/10/93 in 22 DAYS HI IXPOHT TO; PtW/PWHf UWWOftg CAUFOHNA WHIM (9CX) TO: U9WC MS WtF WWWttT
      2,084 words
    • 1098 35 SINSOV SINGAPORE SOVIET SHOTING CO PRIVATE LTD BOOKINGS: BALT ORIENT 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 PiNANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 CR NO: **********0/N
      1,098 words

  • Page 36 Advertisements
    • 1347 36 44 _i w-9t AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CI Me: t244«*****0M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 K| A MALAYSIA: K" LINE MARITIME (MALAYSIA) SON BHO U B W*J TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAUTINTERNUSA. TEL: JKT
      1,347 words
    • 1098 36 PHI LI- ORKNT LIN€S PTC LTP <4% V 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRAL!A/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 9 SEP SYDNEY, MELBOURNE. BRISBANE. FREMANTLE 12 SEP AUCKLAND. WELLINGTON. LYTTLETON, NEW PLYMOUTH.
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  • Page 37 Advertisements
    • 1001 37 PACIFIC INTERNATIONAL LINES (PTE) LTD^ 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I SSSSSS» V CR NO *****6/OOOOE I VESSEL VOY SIN CMS JIB JED AQJ AOE HOD PZU ASA KOTA WIJAYA WJAO3I 5/10 10/10 16/10 19/10 22/10 20/10 22/10 25/10 HAI XIONG HXOO7 20/10 26/10 2/11 7/11 7/11
      1,001 words
    • 1199 37 VESSELS I TOY I Vl* FEEOER STORE HAMBURG HOI HHP AM ANTWERP J IHAMIS Lt HOW Wilt Pt SOWS >130W 1 13/W W'lo 11/ M) 12/10 13/IC IS/10 V*IE Dt VENUS S23OW U/W 14/10 U/10 17/10 U/10 20/10 rot EAST 7230W 27/09 23/10 2VIO ?*/10 27/10 23/10 GIUECKSBURG %30W 04/10
      1,199 words
    • 526 37 BSA n. M MYANMA «BBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIj Pen PGd( PINY* VI3OW In Pt AVA VI23W 11 Sep I 10 Sep WA AN VI94W 10/13 Sep 6 '8 Sep PAGAN *200* 17 Sep PATHEM VI24W 17 Sep 19/22 Sep MALAYSIA AGENTS
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    • 249 40 c oHUbI^BI 1/ O T I■: V O f{ T I K ,V r> A> (h TO AUSTRALIA/NEW ZEALAND VSI Sin Frtm IMb Syd tack t Cluhn AHmmH 315 liii 1/10 c/io 9/10 u/10 it/10 ELLEW HUNG 31C 5710 21/10 23/10 21/10 30/10* WtISSEI 317 25/10 ITU «/Ti 9/11 14/12
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    • 274 40 fltal SHINYEI SHIPPING (S) PTE LTD 10 ANSON ROAD #15-01/02 INTERNATIONAL PLAZA SINGAPORE 0207 CR NO: **********0N HOT LINE: *****38 (8 LINES) EUROPE ROTTERDAM, HAMBURG FELIXSTOWE 11/09 LEHAVRE/ANTWERP MEDITERRANEAN Barcelona, Marseille, genoa 14/09 USA LOS ANGELES, NEW YORK 12/09 'ALL IPI DESTINATIONS. NATIONAL EXPRESS l FORWARDERS (S) PTE LTD 133
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    • 470 40 VfSS£l *0* JAKARTA OCCAM* EXPRESS *7 Stf 23 S£P 2S OCT 2 OCT 7 OCT S I OCEANIA EXPRESS M OCT II OCT 22 OCT 21 NOV 2 NOV 4 I I (REEFER CONTAINER AVAR.ABIE) SStl *o*"*Sf«ralA»r(T/B)TETHE^EKE^(!u«l!^^PONA^l!oa!A^!u!jUl!^TlWl^^rAPl(ol^^| OCEANIA EXPRESS 17 SEP 23 ASIAN LIT V M NOV 3 NOV 7
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  • Page 41 Advertisements
    • 572 41 //jg FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 13/09 ROTTERDAM tl/09 AARHUS/COPENHAGEN 13/09 HAMBURG/BREMEN 13/09 MARSEILLE/FRANCE 9/09 FEIIXSTOWE/UK 13/09 BARCELONA/SPAIN 9/09 LEHAVRE/FRANCE 13/09 GENOA/ITALY 11/09 ANTWERP/BELGIUM 13/09 LOS ANGELES/WC/P1 12/09 SYDNEY/MELBOURNE 9/09 NEW YORK/EC 12/09 FREMANTLE/ADELAIDE 9/09 VANCOUVER 10/09 BRISBANE
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    • 929 41 HHgaaanirtnvnr!!!SMH P lIIM 1111 I I I IvtMCt "01 I UK Ml 1 raa; 1 VOt 'i I W» nl 1U I —>Sf i Miml ft I VEBBCI VOY SIN BKK 5! WS_ _TW_ _W»_ >ntt{AaA UN Fri W» TIM J4flL_W I: PIYA BHUM 7m* Tut |mw Frt IWt QUIW
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    • 555 41 LCL CONSOL: SIN TO CEBU VSL: PACIFIC EAGLE V.2MB ETA: 13/9 S' \°i poncnama line FAX: *****15/*****03 Ujmi MM TELEX: R8 ***** RIBHIP (3 Lines) I una I«c R M mmc m I I—MNULT I3MM 11/J IVI WWW JRV rnnAMiu CUHMMAAfi lIICC Imm niw un IJT j ClnKinAH onlrrllla LIRco
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  • Page 42 Advertisements
    • 1666 42 AjkBMN CONTAINER LINES I ~N=/\"l A 8«nt»: MAC-NELS SPORE: *****22 (24 LINES) L J V Jr/t Mo: **********06 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/UKB/MED PORTS~I PEN PKL SIN 5 SAWNGS/WEEK PEN PK SIN 8/9 9/9
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    • 185 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD run» cu srcH rait ULANE KNMK am MK 23/9 Loxkof tof MM KUVM HUDHU IS/9 OncKarpn| »rd load*! to» Bom bay OOtfWN 9/» PT Loidrnj For MM noci anaK is/9 Lojdmf For MM —I 18 9 load"* For Mate PtOSKSS HOTTT M
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    • 1043 42 /gl THONG SOON UNES PTE LTD 1 I Mz 78 SHENTON WAY #10-01, SINGAPORE 0207 I I TEL: 227-5088 FAX: 227 6011 I I TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY |S POKE PEST ttSSa 'WT S?ott DEsT EQUATOR 111 99/3E 08
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  • Page 44 Advertisements
    • 77 44 [If cxiiy try boos would j I respond "Id thegeads A any Job. Any Career. L_? J&. AVAILABLE ANY DAY. jgu* if 1 Any Time. Anywhere, tBf 1 Imi SiNAMt TiMkt Ink t» Ota oat riMLI iuwuiM Tim*» ll 11 TV V| TMC MB PMtN HAMMft ZAOWAO •I I AMI*
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  • Page 45 Advertisements
    • 52 45 f Etea&ve Housekeeper -this O I I wants is me. Bub I'll never neglect L Any Job. any Career. Available Any Day. Any Time, anywhere. The Straits Times The Sunday Times business Times The New Paper Lianhe Zaobao Lianhe Wanbao Shin Min Daily News Berita Harian Berita Minggu £59 Singapore
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    • 16 45 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Eveiyday. Business Times
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  • Page 45 Miscellaneous
    • 175 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) LEGEM) ft: Jm*. FT. Fa* PmM*.■: Mm. J* Ta#« hp, S*! TODAY'S WEATHER AND SEA CONIHTIONS Regional Weather tm JL y jL > > vl i- a v'-y a v3/ V.* J I J *1 r EQ M X? i 13 V
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  • Page 46 Advertisements
    • 355 46 NORTH PHILIPPINES FULL CONTAINER SERVICE VESSa VOYAGE SINGAPORE MAW. A YKQUR PACIFIC 2HB 111/112/43 18/03/13 ™i!!°ls> E i2!uv VIGOUR PACFIC 26ANB 13/09/93 18/09/93 W IMIMT VIGOUR SfKAftME fi2tß 17/09/93 25/09/93 VIGOUR SHWOtt 62AHB 20/09/93 25/09/93 PORT KLANG/PENANG FULL CONTAINER SERVICE VESSEL VOYAGE SW6APORE PORT KLANG PENANG mm pacific 2m 10/99/93
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    • 440 46 ®APPENSHIP fS) HAMBURG ITVy CONVENTIONAL INDEPENDENT LINER SERVICE V, EUROPE TO SOUTH EAST ASIA AND FAR EAST vessels loaok ports discharge loadmg for LOW LEY ANTWERP SLD SPORE 12/9 OLIDCR HAMBURG SLD SPORE 30/9. JKT 2/10 AQAUEMNON BREMERHAVEN 8/9 SPORE 8/10. SHANGHAI. RIZHAO. XINGANG KOALA CONTAINER LINE STORE FU HAM
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    • 413 46 UKC flBBBBUHH VESSEL PKL PNG P.O. LOAD)NO FOR: A VESSEL 28/09 Rotterdam/Antwerp VESSEL A VESSEL AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI PIMM ratar above manttonad mtvIcm to CMna Ooaan Shipping Co. Advarbaamant in Paga 12. PKL PNG P.G. LOADING FOR: IS/09 20/09 Huangpu /Guangzhou EXPORT TO: CHMA/RAMGK OK/HONGKONG EUROPE/CONTINENTAL VESSEL
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  • Page 47 Advertisements
    • 901 47 A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS VOY PMA PKE PGP VESSELS VOY_ SIH RTM AWT* LEH* HAM WEI FEL HMM ADVANCE 26A 07/09 OS/09 09/09 H. EXPLORER 307* 13/09 01/10 01/10 02/10 03/10 03/10 05/10 NORASIA MALACCA 932 M 14/09 15/09 16/09 H. CHALLENGER 306W
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    • 465 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KHU NT 9 N IK U »ii u iii si» TMJSM (HAS ftl REISMHI n 11/ l TMM 17 Jll KCWS 1 VMSM PtltSl 22/1 AKUIA I 14/f 11/ l Mill MIA 21 21/1 UUI TUMI 11 22/1 KIM
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    • 911 47 |*ESSa *0Y ISWETA/D LAX 1 OAK ICH I PAL MEM/COL HOU I NYC [NOR GEORGE WASHNGTON BMQg 72A 09-10/09 »/09 21/09 29/09 30/09 30/09 01/10 11/10 02/19 ALLIGATOR WCTORY 47A 10-17/09 03/10 05/10 06/10 07/10 07/10 00/10 01/10 09/10 HENRY HUDSON BROGE 69A 23-24/09 10/10 12/10 13/10 14/10 14/10 15/10
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  • Page 48 Advertisements
    • 7 48 I ANALYSIS I Tomorrow in Business Times
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    • 132 48 I "analysis I Tomorrow in Business Times SINGAPORE/WEST MALAYSIA/WEST AFRICA FREIGHT AGREEMENT NOTICE TO SHIPPERS IMPLEMENTATION OF NIGERIAN PORT SURCHARGES The Nigerian Port Public Ltd Company has officially announced the following increases in existing port tariffs and dues with effect from 1 September 1993: Pilotage (465 Light Dues (227%), Conservancy
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