The Business Times, 16 August 1994

Microfilm: NL19570
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    12 1 Busmess Times WE KNOW ASIA MITA(P) 010/12/93 Tuesday August 16 1994 75'
    12 words
  • 2am LATEST
    • Article
      Lock icon Dow up 10.36 points
      57 1 Reuter NEW YORK Wall Street stocks were mixed at mid-ses-sion yesterday. At Ipm EDT, advances led declines by a small margin on the New York Stock Exchange. Big Board volume was light at 118 million shares. At 2pm EDT, the Dow Jones Industrial Average stood at
      Reuter  -  57 words
    • Article
      Lock icon White House, Congress reach trade accord
      34 1 AFP WASHINGTON The White House and congressional leaders have reached an agreement lifting the main obstacles to ratification of a new global trade agreement, officials said yesterday. AFP
      AFP  -  34 words
  • Article
    MARKET SUMMARY
    162 1 Stock mariiet indices Monday Change STII 2,301.75 -16.04 KLSEComp 1,092.80 -12.49 Nikkei 20,626.33 -37.50 Hang Seng 9,486.13 +17.44 SET Index 1,453.41 +27.92 Jakarta Comp 478.03 +8.03 CLSA China B ....1,156.62 +2.54 Ausi All Ord 2,055.7 +3.8 FTSE 100 3,142.2 -0.1 Monday Previous 2pm close Dow Jones 3,779.07 3,768.71
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  • Article
    Regional investors wary ahead of Fed meeting
    216 1 SINGAPORE Investors in regional equities yesterday turned cautious ahead of today's key interest rates meeting in the US. On fears that US interest rates could be raised for the fifth time in six months, the Straits Times Industrials Index dropped 16.04 points to
    216 words
  • Article
    China move blurs distinction between local, foreign shares
    488 1  -  By Schutz Lee SINGAPORE China has unveiled legislation that blurs the distinction between shares reserved for locals and foreigners, but sets a ceiling of 35 per cent for foreign ownership. The announcement was made in the official China Securities newspaper yesterday, but
    488 words
  • Article
    SES censures EML for not complying with disclosure rules
    498 1  -  By Shiv Taneja SINGAPORE Video tape manufacturer Electro Magnetics (1992) Ltd was publicly censured yesterday by the Stock Exchange of Singapore for failing to comply with corporate disclosure requirements. EML was also queried on the recent sharp increases in its share
    498 words
  • Article, Illustration
    Lawyers fail to agree on changes to statement of facts as trial opens
    478 1  -  Biscuit King trial By Ramesh Divyanathan SINGAPORE Lawyers involved in the trial of "Biscuit King" Rajan Pillai could not agree to changes made to an "agreed statement of facts" on the opening day of the trial yesterday.
    478 words
  • Article, Illustration
    Lock icon Tansil jailed 17 years, must pay S$350m over Bapindo scam
    595 1  -  Guilty of corruption in Indonesian banking scandal From Leslie Lopez in JAKARTA INDONESIAN businessman Eddy Tansil was yesterday found guilty of criminal corruption and sentenced to 17 years in jail and slapped with hefty fines for his role in the
    Reuter  -  595 words
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      155 1 f||s The World's Smalest 35mm Aulo Focus Zoom Camera ZQPM3QDQD r CONTENTS I News Companies S'pore News 2 Sporetfsia .19.20.21 Reponal News 3.4,5 Financial 23,24 World News 8.9 Feitins Markets Analysis 17 Oob/KLSE. SES 2830 Editorial 16 Regional 26 Sports 13 World 27 IV/lilestyte 15 Currencies 24 Iteponat Focus 6
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      14 1 Property: Pg /(/J at Ct Asian budget riotels take of) Full reports, Pgs 26-30
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      34 1 Hock Lock Siew: Pg 19 fcj Tussle for Sabah's fore&\ OUB's interim earnings up 48pc to Ss9Bm, Pg 19 Other results: CityDev, Sing Investments Pg 19 HSBC Holdings, Hang Seng Bank, Shinawatra Pg 21
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      130 1 Bottom Line: Pg is .f~d leaner Asia is possible Carder, The Jeweller, works steel like a precious metal. SakdtfHj f V Iflß papcted cden&M Ovonograpfc ■> «o4d Unl Ncfcted rotate* bad mi terete*" Nokted rooting bod and date Water naHI to lOOMI Autaoubc Carter nuvrawnl Curlier In celebration of Singapora'a
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      13 1 The World's Smalest 35mm Auto v rocus loom tamera a 7 Nikon ZGPM3GDQD
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Electronics sector still buzzing
        324 2  -  By Genevieve Cua STRONG demand from the US for disk drives and a recovery in China's telecommunications equipment market helped the electronics industry raise output 28.8 per cent year-on-year in June. Although strong, this was slightly slower than May's revised figure of 31.4 per cent, according
        Source: EDB  -  324 words
    • Article
      Shell to spend $25m in first 5 years on research project
      168 2 ANGLO-DUTCH Shell plans to spend $25 million in the first five years on its Singapore research project, part of which will be funded by the National Science and Technology Board (NSTB). A joint press statement yesterday by Shell and
      168 words
    • Article
      URA raises projected private housing supply to 70,766 units
      579 2  -  More building plans submitted for approval between April and June By Lilian Ang THE Urban Redevelopment Authority said yesterday the potential supply of private housing units up to the year 2001 had edged up to 70,766. This figure is 1.8 per
      579 words
    • Article, Illustration
      UK fish'n chips chain to open in Singapore at Kallang
      413 2  -  By Diana Oon THE British restaurant chain which is listed in the Guinness Book of Records for selling the most portions of fish and chips in a single day is coming to Singapore. Harry Ramsden's will open at Kallang next
      413 words
    • Article
      Industrialists laud JTC's early lease renewal scheme
      425 2  -  By Juliette Walker INDUSTRIALISTS have hailed Jurong Town Corporation's new scheme for the early renewal of industrial land leases, saying the change will enable them to justify large investments that require long pay-back periods. The Singapore Manufacturers Association yesterday welcomed JTC's move to
      425 words
    • Article
      CPF savings up a mere 1.6pc last year as withdrawals double to $5.5b
      196 2 TOTAL SAVINGS in the Central Provident Fund grew at a much slower rate last year than they did in 1992, thanks to higher withdrawals for investment in shares. CPF savings edged up just 1.6 per cent to
      196 words
    • Article
      India's PM Rao to deliver 13th Singapore Lecture
      233 2 INDIAN Prime Minister PV Narasimha Rao will deliver the 13th Singapore Lecture at the Singapore Conference Hall on Sept 8. His lecture. "India and the Asia-Pacific: Forging a New Relationship", will coincide with his visit to Singapore from Sept 7-9. Chairing the
      233 words
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      398 2 Ewhat makes a man? NO. 1 HUGO BOSS THE FRAGRANCE FOR MEN /X SINGAPORE INSTITUTE OF MANAGEMENT The first educational and training institute in Asia to achieve SISIR ISO 9000 Certification Allan Pease presents October 19,1994 9.00 am -12.00 noon *****.80 SIM members/*****.70 non-members (inclusive of 3% GST) This seminar
      398 words
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      Page 2 Advertisements Column 2
      91 2 An Eye for the Finer Points in Writing The uni-ball micro ÜBISO has been transformed into a fine writing accessory. The stainless steei precision tip and controlled ink flow system ensures smooth writing performance. Its unique see-through ink reservoir shows ink balance right down to the last drop. Available in
      91 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon KL to lure investors with new incentives in oil and gas industries
      359 3 Bernama KUALA TRENGGANU Deputy Prime Minister Anwar Ibrahim says Malaysia will introduce new incentives to attract foreign investors to become actively involved in oil and gas industries. For instance, Malaysia was encouraging deepwater exploration and this had generated
      Bernama  -  359 words
    • Article
      Lock icon Indon govt close to banning Al Arqam after calls by groups
      314 3 AFP JAKARTA The Indonesian government is on the brink of banning a controversial Muslim sect after Islamic organisations urged authorities to outlaw the group. "All (Muslim organisations) have called on the government to ban the teaching and activities of
      AFP  -  314 words
    • Article
      Lock icon Rumours spark run on Indon bank in Medan
      159 3 Reuter JAKARTA The reported fleeing of the owner of PT Continental Bank from Indonesia triggered a run on the bank's branch in the Sumatran city of Medan. "Probably a local newspaper report in Medan on Sunday saying Lili Sumantri had fled the
      Reuter  -  159 words
    • Article
      Asian nations need to change mind sets: M'sian minister
      385 3  -  By Kevin Sullivan SINCiAPORE Asian countries must abandon the mind sets of the past 40 years if the region is to maximise economic opportunities, visiting Malaysian Defence Minister Najib Tun Kazak said in an address to the Harvard Club of Singapore
      385 words
    • Article
      Lock icon Samy Vellu urges energy-saving regulation for factories
      233 3 Bernama KUALA LUMPUR The installation and inspection of machines and motors in factories has to be regulated to save energy, said Energy. Telecommunications and Post Minister S Samy Vellu yesterday. A regulation enforcing this, which is being finalised, will come under the Electricity
      Bernama  -  233 words
    • NOTE BOOK
      • Article
        SML expands Riau ferry service
        35 3 SINGAPORE: Sembawang Maritime is expanding ts ferry operations in Indonesia's Riau Islands. Its Auto Batam ferry service has added two new destinations Tanjung Balai on Karimun and Lobam on Bintan.
        35 words
      • Article
        Lock icon Cambodia gets US$120m IMF loan
        71 3 Reuter PHNOM PENH The International Monetary Fund has grant* ed Cambodia a US$l2O million (*****.2 million) loan for economic development. Planning Minister Chea Chan To said yesterday. Ihe loan covers a three-year period in which US$2O million would be paid every six months. State-run Agence
        Reuter  -  71 words
      • Article
        Lock icon Bid to cut jail term of E Timorese
        96 3 Reuter JAKARTA Indonesian prison authorities yesterday said they are seeking one-month sentence reductions for four East Timorese jailed for involvement in a 1991 demonstration, during which troops killed up to 200 people. "We have proposed to the government their terms be reduced
        Reuter  -  96 words
      • Article
        Lock icon Japan PM may offer Vietnam loans
        73 3 AFP lOKYO Japanese Prime Minister Tomiichi Murayama is likely to offer more government loans during his talks with the Vietnamese leadership in Hanoi next week, a Japanese Foreign Ministry ofhcial said yesterday. Mr Murayama is also expected to disclose a plan to send a
        AFP  -  73 words
      • Article
        Lock icon KL plastic moulders told to upgrade
        76 3 Bernama KUALA LUMPUR Malaysia's bumiputra plastic mould makers should upgrade their equipment and technical skills to keep up with the challenge of industrialisation, a Japanese expert said. Tatsuo Tahara from Japan's Institute of Plastic Technology who conducted the just concluded seminar-cum-workshops on plastic moulding
        Bernama  -  76 words
      • Article
        Lock icon Arrested Indon union leader ill
        63 3 Reuter JAKARTA The head of Indonesia's largest independent labour union has not been allowed to meet colleagues since he was taken into custody by police on Saturday and is unwell, a union official said yesterday. Tohap Simanungkalit, an official from the Indonesia Welfare Labour Union
        Reuter  -  63 words
  • Page 3 Advertisements
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      246 3 g I |H «*3hk r I JNk. JS* ..^m% TREASURES OF THE 8 IMMORTALS H9 At Wang (iang Lou our new seafood set menu has ingredients so Fresh that each dish is an edible treasure in itself Heavenly double boiled shark's fin soup, (full comb) in an exotic winter melon.
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      197 3 LONGINES* THE LEGEND LIVES ON Anticipating the future of a worldwide brand: Longines. 1832. Auguste Agassiz took over a watch trading firm, the earliest ancestor of a name which has repeatedly marked the history of time. He established the foundations of an unchanging tradition: that of continually achieving a synthesis
      197 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Berger signs China paint deals
        27 4 SINGAPORE Bcrgcr International lias signed agreements with two China's Ningo Paint Factory and Nanjing Tianlong Paint Factory to test market its products.
        27 words
      • Article
        Lock icon 12pc jump in Taiwan textile exports
        94 4 UPI TAIPFI Taiwan's textile exports hit U556.44 billion over the first six months of the year, a 12 per cent increase over the same period last year, according to Taiwan Textile Federation's statistics published yesterday. Hongkong remains the top market for textiles from Taiwan,
        UPI  -  94 words
      • Article
        Lock icon More money from Chinese abroad
        83 4 Bloomberg Business News BEIJING At present growth rates, China workers abroad will be remitting between USS2O billion (5530.2 billion) and USS3O billion a year by the end of the century, the official overseas edition of the People's Daily reported. Chen Yongcai, a department director of
        Bloomberg Business News  -  83 words
      • Article
        Lock icon China's general chamber of commerce
        74 4 Reuter BEIJING China has set up a general chamber of commerce with the main state-owned commercial firms as members, the Xinhua news agency said. The chamber aims to help regulate business activities and help give state-owned commercial firms improved access to business channels, the agency
        Reuter  -  74 words
      • Article
        Lock icon Star TV's Taiwan audience up 42pc
        57 4 AFP HONGKONG Satellite broadcaster Star TV said yesterday its share of viewers in Taiwan had risen 42 per cent since the start of the year. It attributed the rise to the launch of its Star Movies cable and satellite service, which had attracted more
        AFP  -  57 words
    • Article, Illustration
      Lock icon Viet and Chinese ministers begin talks on S China Sea
      387 4 Reuter HANOI Vietnamese and Chinese ministers held talks yesterday on border issues and problems in the South China Sea, where the two communist neighbours dispute territorial waters and oil-drilling rights. "To sit together and talk is better than to dispute,"
      Reuter  -  387 words
    • Article
      Lock icon Canberra denies hiding planned Taipei talks from Beijing
      155 4 Bloomberg Business News CANBERRA The Australian government yesterday confirmed a newspaper report that it planned to negotiate a bilateral tax agreement with Taiwan but denied it was trying to hide the talks from Beijing. The Sydney Morning Herald, citing a confident a
      Bloomberg Business News  -  155 words
    • Article
      Lock icon China to ban new foreign-funded CD production lines
      252 4 Bloomberg Business News BEIJING In the latest bid to appease critics of its rampant abuse of copyright, China says it will not approve new foreign-funded production lines making compact discs and laser discs. The official Legal Daily yesterday reported that the order
      Bloomberg Business News  -  252 words
    • Article
      Lock icon Wharf in bid to stop HK Telecom's video-on-demand
      309 4 Bloomberg Business News Reuter HONGKONCi Hongkong's sole cable television operator, Wharf Cable, is asking the government to intervene to stop Hongkong Telecommunications from launching a video-on-demand service before Julv 1, 1996. Wharf Cable yesterday said its exclusive three-year franchise to provide a
      Bloomberg Business News; Reuter  -  309 words
    • Article
      Lock icon Beijing drafts strategies to deal with technology imports and exports
      227 4 UPI BEIJING China has become one of the world's largest technology importers but lacks laws to regulate the trade, an official newspaper said yesterday. The void will hamper robust development if statutes are not drafted soon, said Liu Hu, director
      UPI  -  227 words
  • Page 4 Advertisements
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      646 4 OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Bank Limited wishes to announce: 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1994 The Bank The Group Six months ended Six months ended 30-6-94 30-6-93 30-6-94 30-6-93 ♦/(-> SS'OOO
      646 words
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      151 4 s^5 vP Sfe> 9R94n i^^^KK^||Hp ll^fl|^n^^^Ev |^r v 7 f**~ <* *W» ISSHBr i)^<WHOTf SENBAZURU RE-OPENS WITH A GRAND TOKYO BUFFET Tokyo is not as far as you think. Just step into the newly-renovated Senbazuru, and you'll be inspired by the charms of Japanese hospitality and the enticing flavours of
      151 words
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  • REST OF ASIA
    • Article, Illustration
      Lock icon Rao blasts Pakistan, says Kashmir is entirely India's
      504 5 Reuter NEW DELHI India, escalating a war of words with neighbouring Pakistan, said yesterday that Islamabad must turn over its share of the disputed Kashmir region to New Delhi. Prime Minister PV Narasimha Rao staked claim to the entire strife-torn northern region,
      Reuter  -  504 words
    • Article
      Lock icon Japan's Miti still cautious about economy despite rosier second quarter
      138 5 Reuter TOKYO The Ministry of International Trade and Industry (Miti) remains cautious about the Japanese economy despite rises in industrial output during June and the AprilJune quarter. A Miti official said yesterday the ministry had not changed its view that
      Reuter  -  138 words
    • Article, Illustration
      Lock icon To the 3m Japanese killed in WWII
      44 5 Reuter TOKYO Japanese Emperor Akihito and Empress Michiko bowing deeply before an altar dedicated to Japan's 3.1 million killed in World War II at a ceremony here yesterday marking the 49th year of the country's surrender. Reuter
      Reuter  -  44 words
    • ASIA NOTES
      • Article
        Lock icon Tokyo power firms' use of crude up 73pc
        103 5 Reuter TOKYO Japanese electric power firms consumed a total of 2.6 million kilolitres of crude oil in July, up 73 per cent from 1.5 million kilolitres in June, the Federation of Electric Power Companies said yesterday. The nine major power firms making,up
        Reuter  -  103 words
      • Article
        Lock icon Daewoo case seen as test for Kim govt
        88 5 Bloomberg Business News SEOUL An admission of bribery by the chairman of Daewoo Corp raises the stakes in a high profile case that some independent observers are calling a test of President Kim Young Sam's commitment to root out corruption. According to
        Bloomberg Business News  -  88 words
      • Article
        Lock icon Inflation in India at 10.16 pc
        43 5 Reuter NEW DELHI India's inflation measured by the wholesale price index rose to 10.16 per cent year-on-year in the week to July 30 from 10.08 per cent in Ihe previous week, the industry ministry said yesterday. Reuter
        Reuter  -  43 words
      • Article
        NZ inflation seen at one per cent
        54 5 WELLINGTON New Zealand's inflation rate is expected to hit one per cent in the three months to September, raising the possibility of annual inflation above the central Reserve Bank's legally mandated zero-to-two per cent target late this year or early next. Westpac Banking
        54 words
      • Article
        Lock icon Japan cellular phone market expands
        77 5 Reuter TOKYO Japan's cellular phone subscriber network grew by 488.000 in April/July, more than the number of new subscribers recorded for all of fiscal 1993/94 (April/March) according to the latest sales figures from phone operators. The number of new subscribers in 1993/94 totalled 444,700. New
        Reuter  -  77 words
    • Article
      Lock icon Australia counts high human cost of mining success
      401 5 Reuter MELBOURNE Jeff Hort has seen at first hand the tragic results of underground coal mining accidents as lifeless bodies are pulled out of pits. But the former coal mine manager bridles when asked about the rising death toll in the Australian
      Reuter  -  401 words
  • Page 5 Advertisements
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      324 5 IXIOSt CX-I3TXO the afore-mentioned realities. .A superior lifestyle, with all tlie myth surrounding Rolls-Royce cars is the m men fs tKougkt will readily weaitk and enthusiasm to J B> appointment to 1 H cr Queen Elizabeth II ctll6£j6Cl Conservatism OI tlloir owners. confirm this. Consider, if you appreciate it to
      324 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon Ruling United National Party faces toughest ever test today
      681 6  -  Preview of Sri Lankan general election Reports from Yogi Aggarwal in COLOMBO SKI Lanka's ruling United National Party (UNP). which has governed for 17 years, faces its toughest ever electoral test in today's general election. The party is facing a strong,
      AFP  -  681 words
    • Article
      Who the major players are
      583 6 COLOMBO There are a few major players in today's general election: People's Alliance (PA). In South Asian politics where widows or daughters of assassinated leaders often take on the leadership of nations, another widow is making a splash in Sri Lanka. Chandrika Kumaranatunga has the
      583 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      113 6 IV WJB^g '^S^^XSi^Hh aMHv P/ *v ~r A V> y^^j^<'^lM^^^^ t y.Ts' > >.' 5 fl Hk ft i k A p I f C I w J li ,SB ■■■111 [>] J |[5j j FsT*l3» pH>||||iiSyHiffl||jpiiirtllilKMtWHjii^M^^^^^^^^^^^^^^l NICKI XXLJS" Efl mn Winston S PUTTING YOUR GAME RIGHT SINCE 1945 Office:
      113 words
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      Page 6 Advertisements Column 2
      49 6 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words
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  • Page 7 Advertisements
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      277 7 y^|^~^'w^^^Rj^^^^s^^^B^^^^^^B^W^E^WSSpßß|B)B|iWEßßBßß^WßW^^^B|B^^^^Bßß mm )lsfe ffe t1- I ISt •>?.,<. MB——l *W*B£amtm u BBlsl nsi II Hal -m MM m flj Jte^j ~^%flfe KB feVl^.v cjL^&sk.yg^-gj*^> ■?%&&£.:*> ■*>~.. -v. v-vr.-v < --jp m^^mmmum^^^rn i^M 111 fl— AT LAST. AN OFFICE BUILDING INSPIRED BY THE REPUBLIC OF SINGAPORE. (NATURALLY. IT HAS ONE OF
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  • THE WORLD
    • Article
      Lock icon Kohl to discuss nuclear smuggling with Russia
      463 8 Reuter AFP NYT HAMBURG A top aide to German Chancellor Helmut Kohl yesterday said he would go to Russia soon to find ways of fighting against the smuggling of radioactive materials. Bernd Schmidbauer, the chief of statT of the chancellery, told the daily
      Reuter; AFP; NYT  -  463 words
    • Article
      Lock icon London eases listing of global depository receipts
      286 8 Bloomberg Business News LONDON The London Stock Exchange yesterday published new rules making it easier for international companies to list their global depository receipts. The new rules, effective immediately, allow any company listed on a recognised stock exchange in its own country to
      Bloomberg Business News  -  286 words
    • Article, Illustration
      Lock icon Carlos the Jackal is captured in Sudan, handed over to France
      285 8 Renter PARIS The international guerilla mastermind "Carlos the Jackal", who eluded security forces for two decades, has been arrested in Sudan and extradited to France. France announced yesterday that Carlos, often dubbed the world's most wanted criminal. had been
      Renter; AFP  -  285 words
    • WORLD WATCH
      • Article
        Lock icon Fall in UK jobless rate seen
        81 8 Reuter LONDON Data to be published tomorrow are likely to show another fall in British unemployment in July, economists said, with forecasts centring on a drop of 15.000. The seasonally adjusted total fell by 18.800 in June to 2.64 million. Unemployment peaked at just
        Reuter  -  81 words
      • Article
        Lock icon Russian inflation to remain low
        82 8 AP MOSCOW Despite predictions that inflation would rise sharply in August, officials said yesterday that this month's inflation rate would remain at the lowest levels seen since reforms began in 1992. "For the moment, there are no clear signs of an acceleration in inflation," said
        AP  -  82 words
      • Article
        Lock icon Discussion on Gatt ratification
        64 8 Bloomberg Business News TOKYO Trade officials from the US, Japan, the European Union and Canada will meet in Los Angeles around Sep 10, Japan's Jiji Press reported. Citing an unnamed Foreign Ministry official, Jiji said that the representatives will discuss progress in obtaining ratification of the
        Bloomberg Business News  -  64 words
    • Article
      Lock icon Days of falling rates in Europe may be over
      557 9 NYT LONDON Domestic factors led Italy and Sweden to raise interest rates last week, but the unexpected moves have become a jarring reminder to Western Europe and its financial markets that a long period of declining rates was drawing to an
      NYT  -  557 words
    • Article
      Lock icon Bundesbank says M3 target now out of reach
      248 9 Reuter FRANKFURT The Bundesbank said yesterday that it now saw scarcely any chance of meeting its money supply growth target for 1994, but sounded an optimistic note on inflation. The German central bank said in its August monthly report that after the
      Reuter  -  248 words
    • Article
      Lock icon Mandela's first 100 days get the thumbs up from business
      390 9 Reuter JOHANNESBURG South African President Nelson Mandela will mark 100 days in office this Thursday with sound ratings from business for a commitment to market-based policies seen as the right prescription for an economy that mixes brilliant potential with awesome
      Reuter  -  390 words
    • Article
      Lock icon Agriculture leads S Africa's 2nd-qtr growth
      296 9 Reuter JOHANNESBURG South Africa's second quarter gross domestic product (GDP) rose a seasonally adjusted, annualised 1.9 per cent after a 3.5 per cent first quarter fall, mainly because of higher farm output, official data show. "This positive growth rate in the second quarter can
      Reuter  -  296 words
    • Article, Illustration
      Lock icon D-Day replay
      58 9 VP France rhe Duke of York < Pnnce Andrew, accompanied by French Defence Minister Francois Leotard (right) and US Naval Secretary John Dalton (left, yawning) watching a parachute drop here on Sunday as part of the 50th anniversary of the Allied landings on the Mediterranean coast. La Motte
      Reuter  -  58 words
    • Article
      Lock icon Phone companies to fight Senate bill
      476 9 Baby Bells want easier access into cable TV market FT WASHINGTON US local telephone companies still plan a fight over parts of the telecommunications bill now making its way towards the Senate floor, although they accepted a compromise on some of the conditions it
      FT  -  476 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      413 8 BUSINESS TIMES LIFESTYLE EXCLUSIVE THE ADVENTURE BEGINS... With the Saab Arctic Circle experience. H,^, f TOP PRIZE; 7 days Swedish winter holiday for two by Saab. <• s x i-■* 2S\ \J s i JJIgUi Driving by road-book to Lake Antnastraskct for winter drive training and competition on ice. Snowmobile
      413 words
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      Page 8 Advertisements Column 2
      68 8 Saeco M w llij' *0 ?saeco I Iflß B I p Fully-automatic coftee maker from Saeco. Houses two dosers one to grind coffee beans, i the other lor cotfee powder. Kasy to operate. Fast to brew. A break from the grind of preparing a good cup of gourmet coffee. The
      68 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      127 9 Business Meetings Can be Moments Of Magic Qr'. Ail *jH St You can have the best beach location for your conference venue, luxurious accommodation with modern amenities and shimmering blue sea and golden sands in Langkawi or Cherating. 258 seaview rooms with balconies Full conference centre for up to 200
      127 words
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      Page 9 Advertisements Column 2
      464 9 OVERSEAS UNION TRUST LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited is pleased to announce: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1994 Six Months Six Months Increase/ to 30-6-94 to 306-93 (Decrease) ss'ooo srooo Total Operating Revenue 25,365
      464 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Lock icon Asian cash flows Down Under
      472 10 Eastern Express Hongkong and other Asian money is flooding the commercial and residential property market in Australia, sparked by a relaxation of foreign investment guidelines. Recent new rules, which make it easier for offshore investors to buy Australian properties, has helped kick-start the country's long-dormant
      Eastern Express  -  472 words
    • Article, Illustration
      Lock icon Accor Asia Pacific sees growth in Asian budget hotels
      609 10 Reuter Australian-based hotel management group AAPC Ltd said it is targeting the budget end of the Asia-Pacific hotel market, which it sees as the sector's major giowlb area, v "We prefer tohavg the concentration in the budget and mid-scale area and
      Reuter  -  609 words
    • Article, Illustration
      Getting the balance right
      487 12  -  Koh Brothers wants to strike a balance between construction and real estate development. Abdul Hadhi reports Abdul Hadhi KOH Brothers Group, which recently launched its initial public offer, is aiming to strike a balance between its original construction activities and its newer business of real estate
      487 words
    • Article, Illustration
      Seven of 11 posh bungalows at Tanglin taken up
      232 12  -  There has been good response to the Tanglin Hill Villas development. Lilian Ang reports Lilian Ang SEVEN out of 11 bungalows in the plush Tanglin Hill Villas development have been sold. The project, located in the prime Tanglin residential area just
      232 words
    • Article
      Lock icon Omni's first hotel in China due to open in mid-1995
      226 12 AFP OMNI Hotels Asia-Pacif-ic said yesterday its first hotel in China will be ready for opening in Wuhan by mid-1995, with more on the drawing board. Construction work on the Omni Marco Polo Hotel located in the new downtown Hankou
      AFP  -  226 words
    • Article, Illustration
      Lock icon PROPERTY WATCH
      246 12 Selected transections In the pest week Source: ERA Reaty Network D«*0f "ru-rtrt Pmurt BuHttoirw/ 7 T lir 8«t>prtw trwcMon EH trict gg* Mg» land Qq ft) 'T (S$) S** PRIVATE AugJU 994 j 2260 ParcOasis Condo 3+1 I 1389 99 755,000 543 Aug 8.1994 1646 TheBayshore Condo 3
      Source: ERA Reaty Network  -  246 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      104 10 PTv'-l m *>-. \Fv lf —,ll i lBES088P^' ,^l^^l jMt tt i/suyu& y(x/c/r€£& £77i& Q)i£cerrunp Stew■"■jviima& ■'■fciii K UJ HMKPi| --.-WW*; ~ZS0bH wfl PVCmJ > jM iMhij m HKiy 4 Em»WBSH& s* >.. 5, HP >, "SflKaMESHF'-c r M /^mtftt>* r —mi^^^gaa ,< V a -**yw n» .^awm V"'#SH^MkL^Bh^^1.HB fl
      104 words
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      Page 10 Advertisements Column 2
      83 10 T.ocal investor seeking prime properties immediately We are retained by a property investor eager to identify and purchase prime Singapore properties. All information will be handled professionally and discreetly. Apartment /Commercial buildings Price near valuation preferred Tenure: freehold or 999-year leasehold Occupied or vacant (Sellers need not pay agency fees
      83 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      206 11 IF YOU FOLLOW IN SOMEONE ELSE'S FOOTSTEPS, YOU CAN'T EXPECT TO OVERTAKE THEM. WE AGREE. The above statement is not just an advertising luxury performance car market in 1992. headline. It's a sentiment that reflects the philosophy of It doesn't stem from dedication and determination BMW, internationally. alone, it also
      206 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      16 12 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY.~ I Appointments or Notices, caN toft-free 1-800-741-1883 prh*Str»lUTim««|
      16 words
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      Page 12 Advertisements Column 2
      597 12 PARKWAY HOLDINGS LIMITED U5550,000,000 Floating Rate Notes due 19% With Warrants to Subscribe for New Shares of Parkway Holdings Limited In accordance with the provisions of the Notes, notice is hereby given that for the three-month period from 16 August, 1994 to 16 November, 1994, the Notes will carry a
      597 words
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      Page 12 Advertisements Column 3
      470 12 TOLI^RE^S^N^300WMH^^Sx!wM3e rraßifiwwfwwwi FREEHOLD LAND Site Area: 15,379 sq ft Development Potential Lots 3023 and 3024 of Mukim 24 Development of an 8-storey At Lorong 31 Geylang block of 28 units residential flats. Singapore 1438 Tender Closing Date: Bth September 1994 at 4.00pm. The sale is subject to the Tender Terms
      470 words
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      Page 12 Advertisements Column 4
      351 12 IN THE MATTER OF THE COMPANIES ACT. CAP. M AND IN THE MATTES OF TEHWIN PTE LTD (larorporated in Ike RepabHc of Singapore! (IN MEMBEB'S VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN purwaot to Section 30S of (he Compatiiei Act. Cap. SO thai the Final Meeting of the members of the
      351 words
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      Page 12 Advertisements Column 5
      381 12 M THE MATTER OF THE COMPANIES ACT, CAP SO ANO M THE MATTER OF PETROTECH PROJECT PROCUREMENT PTE LTD (In votintary Liquidation) Ai an Extraordinary General Meelng of the members of the abovenamed company duly convened and held on 10 August 1994 ai 10.00 am. at 9 Battery Road #18-01
      381 words
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  • SPORTS
    • Article, Illustration
      Lock icon Price fulfils dream
      1032 13 Golf PGA Championships NYT TULSA, Oklahoma In the final major championship of the year, the 1994 golf season snapped into focus at Southern Hills Country Club on Sunday. The state of the game is this: there is Nick Price and there is everybody else. It was the
      NYT; Reuter  -  1,032 words
    • Article
      Lock icon Pavin shrugs off US being shut out in majors
      332 13 Reuter TULSA Corey Pavin finished a distant second at the PWA Championship behind Nick Price but did not feel he had failed America's cause. Price's victory, following his British Open triumph, South African Ernie Els's win in the US Open and
      Reuter  -  332 words
    • Article
      Lock icon European championships end on a high note
      386 13 Reuter HELSINKI A memorable 5,000 metres win by Olympic champion Dieter Baumann and an historic clean sweep by Spain in the men's marathon provided the final highlights of the 16th European athletics championships. After eight days of often predictable, sometimes exciting but rarely
      Reuter  -  386 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Baseball
        200 13 AP AP MEMPHIS, Tennessee Michael Jordan, unable to play for the Birmingham Barons on Sunday night, had his injured left shoulder examined yesterday by a prominent orthopaedic surgeon. Jordan sprained his left rotator cufT last Friday night while making an awkward dive in left field for a ball he
        AP  -  200 words
      • Article, Illustration
        Basketball
        27 13 TORONTO World Championships Sunday Final: US 137 Russia 91. Third Place: Croatia 78 Greece 60. Fifth: Australia 96 Puerto Rico 83. Seventh: Canada 104 China 76.
        27 words
      • Article, Illustration
        Lock icon Golf
        169 13 Reuter TULSA, Oklahoma PGA Championship final scores Saturday (US unless stated): 269 Nick Price (Zim) 67-65-70-67 275 Corey Pavin 70-67-69-69 276 Phil Mickelson 68-71-67-70 277 Nick Faldo (GB) 73-67-71-66, Greg Norman (Aust) 71-69-67-70, John Cook 71-67-69-70 278 Steve Elkington (Aust) 73-70-66-69, Jose Maria Ola/abal 72-66-70-70 279 lan Woosnam (GB)
        Reuter  -  169 words
      • Article, Illustration
        Indy racing
        80 13 LEXINGTON, Ohio Miller Genuine Draft 200 Sunday (driver, country, type of car, laps completed, and winner's average speed): I Al Unscr Jr (US) Penskc-llmor VB-D. 83. 110.387 mph (177.613 kph) 2 Paul Tracy (Can) Pcnskc-Ilmor VB-D, 83 3 Emerson Fittipaldi (Bra) Penske-llmor VB-D. 83 4 Robby Gordon (US)
        80 words
      • Article, Illustration
        Motor-racing
        194 13 MOGYOROD, Hungary After a stunning weekend victory in Hungary. Formula One ace Michael Schumacher has good reason to look forward to the Belgian Grand Prix on Aug 28. However. Schumacher is racing under the cloud of a two-racc suspension. on hold while he appeals, for ignoring a signal to
        194 words
      • Article, Illustration
        Lock icon Olympics
        88 13 AFP NAIROBI The International Olympic Committee (IOC) has signed a deal with environmental experts in a bid to build on the "green" success of the Lillehammer Olympics, it was revealed yesterday. The environmental protection agreement, concluded with the UN Environment Programme (UNEP). covers future Olympic games and other international
        AFP  -  88 words
      • Article, Illustration
        Lock icon Rugby
        95 13 AFP JOHANNESBURG Louis Luyt said yesterday he had been persuaded by Sports Minister Steve Tshwete to withdraw his resignation as South African Rugby Football Union (Sarfu) president. In a radio interview here, Luyt said he had changed his mind after a lengthy telephone conversation with Tshwete on Sunday night,
        AFP  -  95 words
      • Article, Illustration
        Lock icon Cricket
        132 13 AFP COLOMBO Sri Lanka yester- day axed five leading internationals after the humiliating 301-run defeat in the first Test against Pakistan. Out went batsmen Asanka Gurusinha, Sanath Jayasuriya and bowlers Pramodya Wickramasinghe. Muttiah Muralitharan and Jayananda Warnaweera for the second Test starting here on Friday. The selectors recalled all-round-er
        AFP  -  132 words
      • Article, Illustration
        Lock icon Tennis
        188 13 Reuter LOS ANGELES Martina Navratilova announced on Sunday that she will not compete in the US Open, which begins on Aug 29 in Rushing Meadow. New York. Navratilova. who has won four US Open singles titles in her career, said that she docs not feel fit enough Tor the
        Reuter  -  188 words
    • Article
      Lock icon Corporate winners bask in the after-glow of World Cup
      445 13 FT NEW YORK While this year's World Cup may be only a fading memory for football fans, the tournament continues to provide a warm glow for many companies which were involved behind the scenes. A string of international businesses from airlines
      FT  -  445 words
    • Article, Illustration
      Lock icon US turns on its no-nonsense best to trounce Russia
      840 13  -  World Basketball Championships By Harvey Araton NYT TORONTO They saved their best for last, but it wasn't quite enough to dispel all thoughts that the world has moved closer to the United States. Throughout the world basketball championships, which concluded in
      NYT; Reuter  -  840 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      601 14 Nothing Beats A Bud. M or <rO/B th Coribbe* 1 From June Ist 1994 Mischief Pub at the Boulevard Hotel J Caribbean Arts Festival's I Vt Best Performing Band the Miami MTV sensation Dreac l> Ration Time: 8.15pm nightly Venue: Mischief at Lobby Level Open daily from 11am lam (till
      601 words
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      Page 14 Advertisements Column 2
      412 14 WHERE TO WINE, DINE AND ENTERTAIN I Mr I BUSINESS LUNCH OR 1 I FAMILY DINNER, f FEAST ALL YOU CAN. 1 That's over 50 delightful dishes in all! IS Featuring the best talked about seafood and Cantonese cuisine. All M you can eat. Complimentary platter of p suckling* pig
      412 words
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      Page 14 Advertisements Column 3
      397 14 ailzf' T S^' D Maximum of Tactile C 15persons) <S|S— 10 persons) $ISo++ (Maximum of _JS|pS^ g p ersons OQVUHoomfor a song. for rtsrrvatwns, call iu at 7J4 6151 between lOiPam and bJOpm *VI iJlOafUrf JQym Linwjy ?">**-> art subject to senate charge atU prevailing government tajps including <jSTat J%
      397 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Keeping up the chaotic spirit
      729 15  -  Gate-crashing and heavy rains mar Woodstock '94, report Marc Fisher and Richard Leiby Marc Fisher and Richard Leiby IHT THEY'RE WET. they're caked with mud, they paid US$l35 (Ss2o2) when they could have got in free, but the kids are alright. Woodstock '94 turned messy
      IHT; Reuter  -  729 words
    • Article
      Lock icon Local boy turned maestro opens Edinburgh festival on high note
      252 15 Reuter THE TRIUMPHANT return of a local boy turned musical maestro opened the programme of Edinburgh's 48-year-old International Festival on Sunday. Donald Runnicles conducted Mahler's Symphony of 1,000 in Edinburgh's Usher Hall some 30 years after making his musical debut
      Reuter  -  252 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      169 15 l(Pa HflK INDONESIAN |K2| RESTAURANT Horn Yellow Rice, Avocado Shake aJvJI business hours Lunch 12noon to 3pm (last order 2:45pm) RilM Dinner 6pm to 10:30pm (last order 9:45pm) W A IKJ Coffee Hours 3pm to 6pm SAT-SUN PUBLIC HOLIDAYS: jLm I Lunch 11:30 am to 3 30pm (last order 3:lspm)
      169 words
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      Page 15 Advertisements Column 2
      373 15 Companies often fail to achieve desired results when implementing vision and change because their organization processes are too slow, too costly or don't work at all. Traditionally, business processes are designed around artificial, vertical and hierarchical structures rather than natural horizontal business flows. The traditional design principles Division of Labor,
      373 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      1172 15 TV RADIO witch doctors to *9 jfl^H tims into zombies. In the pro- »jy* Jv'-wV Bl cess, he has weird dreams, and The medieval superstition that J toads and frogs possess super- a natural powers may not be just hocus-pocus more. This programme looks J properties found in amphibian Fresh
      1,172 words
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  • Article
    A Kiwi cliffhanger
    502 16 EDITORIAL ON SATURDAY the people of Selwyn went to the polls. The 28,000 voters of this rural community on New Zealand's South Island had an unusually heavy responsibility. Prime Minister Jim Bolger's National Party holds 50 seats in parliament, one more than the combined opposition with 49.
    502 words
  • WHAT THE OTHERS SAY
    • Article
      Unity is all that counts
      155 16 THERE IS said to be a growing rift between Indonesian Research and Technology Minister B J Habibie, a founder of the Muslim intellectuals group, and Transmigration Minister Siswono Yudohusodo. Mr Siswono was at one time associated with moves to form a rival group of non-religious
      155 words
    • Article
      Expand Islamic cooperation
      157 16 SINGAPORE is now an official member of Mabims (the unofficial Meeting of Ministers of Religious Affairs of Brunei, Indonesia, Malaysia and Singapore). The decision to be a full member is a step in the right direction as the efforts taken by Mabims not only benefits Muslims but
      157 words
    • Article
      Not serious about crime control
      185 16 ALREADY, the crime bill put forward in the US Congress is a relatively mild one which bans only assault-style firearms. Yet it encountered strong opposition from interest groups such as the National Rifle Association. Its defeat in the House of Representatives also shows that President
      185 words
    • Article
      Balanced development necessary
      155 16 A TIMELY REMINDER that development may not necessarily be environmentally unilinear is a welcome change. Conquest may, after all, not be the only paradigm of development. And all this coming from the Prime Minister himself gives hope to a growing desperation as we begin not only to
      155 words
    • Article
      Shot down
      166 16 THE MEMBERS of the House of Representatives who voted against President Bill Clinton's crime bill, under pressure from the National Rifle Association, should be shot, metaphorically speaking. No fewer than 58 Democrats sided with the Republicans (and, effectively, the gun lobby) against their president and against the lives
      166 words
  • Article, Illustration
    The dangers of succumbing to 'emerging markets mania'
    1057 16  -  Vikram Khanna says some developing countries are playing with fire by setting up stock markets without doing the necessary groundwork Vikram Khanna The writer is BT's Regional Economics Editor 7?v.! m/« learned is Wr W that stocks are like gambling." That was
    1,057 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      50 16 Feel Co ntemporary the new five-star touches of comforts and Hyatt flawless service. Regency A shimmering Johor two-tier pool Bahru. crowning fragrant gardens. Innovative world class menus that inspire hearty appetites. Business resources that nurture effortless results. Feel the Hyatt Touch. Opening September, 1994. v IK -J ftj, A c
      50 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      149 16 **.f TN Vifl'fai i TO I ONLvf l* To SIT P\ND "TVMK (LOWPIT F\ SCORCHE4?/M feftlSTfrd-J VN TH£_ FOUGHT GLOVJJ MM(suPPosep To T 1 MCSTTesr DOF TV4E. TO wep*«.. WOK^ J C ASSOCIATED NEWSPAPERS LTD.. IH2-I—4 9g49 DOONESBURY GARRY TRUDEAU „ANPAS RIGHT. J TIL HOW UJOUUPYOU fl YEAH, BUT HE
      149 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon No more Prime Minister Clinton
      1464 17  -  Ann Devroy and Dan Balz find Bill Clinton striving to counter negative public opinion and Congressional opposition with decisive action Ann Devroy and Dan Balz Washington Post IN A presidency with a string of bad stretches, the past two weeks have been as bad as
      Washington Post; Reuter  -  1,464 words
    • Article, Illustration
      Lock icon US banks strike it rich in Europe
      969 17  -  Focused business is producing huge returns for the big survivors. John Gapper reports John Gapper FT Recalling how many us banks used to operate in Europe, Herb Aspbury smiles. "Colonial Bank of Waterbury, Connecticut was a US$l billion (S$ 1.5 billion) asset bank,
      FT  -  969 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      269 17 Give Your Face a free Executive Iteabnent 0 Since Men's Skin Center introduced The Executive Treatment many men have experienced the pleasure and confidence that comes from having their skin "groomed" with the same attention they give to their hair and the rest of their appearance. Now the Men's Skin
      269 words
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  • Article
    Lock icon US industrial output up for 14th straight month in July
    530 18 Reuter AF NEW YORK Strong production of business equipment and consumer goods pushed industrial output higher in July for the 14th consecutive month despite a fall-off in electricity use. And economists say that the Federal Reserve is on course for
    Reuter; AF  -  530 words
  • Article, Illustration
    Lock icon Umno can regain all assets lost during split: court
    298 18 Reuter KUALA LUMPUR A Malaysian court ruled yesterday that Prime Minister Mahathir Mohamad's ruling party can regain up to MS 1.3 billion (***** million) in assets stripped away when the party was declared illegal six years ago. Judge Mokhtar Sidin said
    Reuter  -  298 words
  • Article
    Lock icon German economy growing faster than expected
    326 18 Reuter BONN The German economy is growing at a faster pace than previously expected, prompting the government to raise its economic forecasts for the year. Economics Minister Guenter Rexrodt yesterday said economic growth accelerated in the second quarter, inflation was falling and there were
    Reuter  -  326 words
  • Article
    Lock icon US$4.2b invested in China oil and gas industry
    222 18 Bloomberg BEIJING Foreign investors have sunk more than US$4.2 billion (556.3 billion) into the development of China's offshore oil and gas industry, the overseas edition of the official People's Daily reports. The investment, coming in 99 contracts with companies from 15 countries,
    Bloomberg  -  222 words
  • Article, Illustration
    Asia can have high growth and a clean environment too
    1046 18  -  The Bottom Line VIKRAM KHANNA VIKRAM KHANNA The writer is BT's regional economics editor PEOPLE who think environmental issues are faddish notions that Asian countries do not have the luxury to bother about should first get a whifT of this:
    1,046 words
  • Article
    Lock icon Seapower's Yuen set to sell his stake
    278 18 Eastern Express HONGKONG The chairman of Sea power International, Francis Yuen, has notified the group's founder and honorary chairman. Choi Sai Leung, of his intention to sell his equity holding to Mr Choi, a move likely to end the long-running Seapower share battle.
    Eastern Express  -  278 words
  • Article
    Lock icon S Korea's Kim unveils new unification plan
    389 18 AFP SEOUL Saying the world's last Cold War barrier is crumbling. South Korean President Kim Young Sam yesterday unveiled a new formula for gradual reunification with the communist North shifting the emphasis from politics to economics. Mr Kim. whose planned historic summit with
    AFP  -  389 words
  • Page 18 Advertisements
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  • COMPANIES & MARKETS
    • Article, Illustration
      OUB interim net earnings jump 48pc to $98m
      589 19  -  By Quak Hiang Whai SINGAPORE Overseas Union Bank (OUB) has lifted group net earnings 48.3 per cent to $97.85 million in the six months ended June 30 and now expects to improve on that in the current halfyear. OUB president Peter Seah
      589 words
    • Article, Illustration
      Lock icon Analysts re-rate DBS stock to hold or sell
      343 19  -  By Shiv Taneja SINGAPORE DBS Bank s less than inspiring half-year performance announced over the weekend has prompted analysts to re-rate the stock downwards either to a hold or a sell. Baring Securities has rerated DBS Bank to a hold from a
      Source: Bloomberg  -  343 words
    • Article
      No internal target for Winfoong stake, says Hong Fok
      205 19 SINGAPORE Hong Fok Corporation does not have an "internal target" in relation to its shareholding in listed Hongkong subsidiary Winfoong Investments. The locally-listed property company said this in a letter to the Stock Exchange of Singapore in response to a Hock
      205 words
    • Article
      Aokam-CASH contest for Sabah's forest concessions likely to end in a draw
      879 19  -  HOCK LOCK SIEW By Agnes Chen SINGAPORE Two tycoons are slugging it out in the timber-rich Malaysian state of Sabah, with money and powerful political connections lined up in their respective corners. The prize: hundreds of millions of
      879 words
    • Article
      CityDev's turnover, profit soar in first half
      467 19  -  By Lee Han Shih SINGAPORE Property giant City Developments yesterday turned in a set of much-improved interim results and it expects a good performance for the second half. Turnover boosted by its fast-growing global hotel chain and demand for its many condominium projects
      467 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 19 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Barings, Fraser, GK Goh, OngCo, Morgan Grenfell, Nomura, Phillip, Smith New Court, Tat Lee and WI Can.
        42 words
      • Article, Illustration
        HOT STOCK
        125 19  -  -By Quak Hiang Whai Clob-traded IGB Corporation closed three cents lower at $1.55 yesterday. After its sharp climb from last month from about $1.27, a consolidation is badly needed. In fact, overwhelming bearish divergences have appeared in its daily RSI and stochastics. Even more bearish is the daily
        125 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Sing Inv's interim profit up 7.46 pc
          58 20 SINGAPORE Sing Investments Finance lifted net earnings 7.46 per cent to 5i.95 million in the half-year to June 30. Operating profit was up 7.45 per cent to 52.4 million on a 53.27 per cent rise in operating revenue to $7.08 million. Larnings per
          58 words
        • Article
          New DBS Bank IPO service
          37 20 SINGAPORE DBS Bank said investors can now use its ATMs to apply for initial public offers denominated in foreign currency. Previously, only applications for Singapore dollardenominated IPOs could be made though ATMs.
          37 words
        • Article
          JC-MPH sets up subsidiary
          33 20 SINGAPORE Jack Chia-MPH has formed a new subsidiary. MPH Alliance Publishing, with authorised capital of Si million. The new firm's main objective is to explore publishing opportunities in China.
          33 words
        • Article
          Guoco unit in Shanghai property tie-up
          51 20 SINGAPORE First Capital Corporation said last night that Guoco Properties, an arm of its associate Guoco Group, has entered into a joint-venture deal with Shanghai Hai Tong Construction to form a real-estate firm in Shanghai. The firm. Shanghai Metropolitan Properties, will buy and develop
          51 words
        • Article
          CWT's plan to buy stake shelved
          79 20 SINGAPORE CWT Distribution's proposed purchase of a majority share in Suzue-PSA Cold Storage has fallen through. Singapore's biggest private warehouse operator said in a statement yesterday that "all parties have agreed not to pursue further with the transaction". No reason was given. CWT had
          79 words
        • Article
          Lock icon Lippobank's profit rises 52pc
          70 20 Reuter JAKARTA PI" Lippobank. a member of the Lippo Group, yesterday posted net earnings growth of 52 per eent to 31.1 billion rupiah (5521.5 million) in the first half of this year, compared with 20.4 billion rupiah for the same period last year. Stockholders' equity rose
          Reuter  -  70 words
      • Article
        Lock icon Propel makes stunning KLSE debut
        77 20 Bloomberg Business News KUALA LUMPUR Road builder Propel, which has a 30-vear contract to maintain Malaysia's first superhighway, made a knockout debut yesterday on the Kuala Lumpur Stock Exchange. Propel, whose full name is Projek Penyelenggaraan Lebuhraya Bhd, started trading at M 55.30 a share,
        Bloomberg Business News  -  77 words
      • Article, Illustration
        Lock icon Bata (M) gets green light for transformation into telecoms firm
        212 20 Bloomberg Business News KUALA LUMPUR The Securities Commission has approved Bata (Malaysia) Bhd's restructuring, under which the shoe company will transform itself into a cable and telecommunications company, the company said in an announcement to the Kuala Lumpur Stock Exchange
        Bloomberg Business News  -  212 words
      • Article, Illustration
        Lock icon Lingui's timber firm purchases get nod, but at lower prices
        493 20  -  By Agnes Chen SINGAPORE Lingui Developments Bhd's proposed acquisition of two timber firms has received the greenlight from Malaysia's Securities Commission, but at a lower purchase price and with a profit guarantee from the vendors. The Kuala Lumpur Stock Exchange
        Source: Bloomberg  -  493 words
      • Article, Illustration
        Lock icon Sitt Tatt shares fail to sizzle despite Sabah deal
        479 20  -  From Ho Kay Tat in KUALA LUMPUR SHARES of Malaysian industrial gas maker Sitt Tatt Bhd climbed 65 sen to M 56.50 yesterday after an announcement on Friday that it would become a listed vehicle of the Sabah state government. However,
        Source: Bloomberg  -  479 words
      • Article
        SPH takes 20pc stake in phone directory publisher
        188 20 SINGAPORE Singapore Press Holdings is investing Si.B million for a 20 per cent stake in a company which publishes and distributes telephone directories, and also sells advertising space in the directories. The company is WorldCorp Holdings (S) Pte Ltd and the vendor
        188 words
      • Article, Illustration
        SSL signs US$20m tie-up to develop Hanoi office building
        223 20  -  By Markos Tando SINGAPORE Listed Straits Steamship Land Ltd (SSL), through its whollyowned subsidiary Dovesdale Development Pte Ltd. has signed a joint venture estimated to be worth US$2O million (SS3O million) with Vietnam Railways. The joint venture will develop an 18-storey
        223 words
      • Article
        Omni Mold hits high of 55 cents on debut
        255 20 SINGAPORE Electrical industries mould maker Omni Mold made an impressive debut on Sesdaq yesterday. In the first hour of trading, its shares shot up from the offer price of 35 cents to a high of 55 cents. During the day. the
        255 words
      • Article
        Inno-Pac offloads stake in Taiwan pizza operation
        177 20 SINGAPORE Inno-Pacific Holdings is selling its entire stake in Inno-Pac (Taiwan) Ltd for NT5402.600 cash, and will write off NT587.77 million (554.9 million) in outstanding credits that it extended to the company. IPT runs the Shakey's pizza operation in Taiwan. Inno-Pac said yesterday
        177 words
      • Article
        UNIT TRUSTS & FUNDS
        530 20 UNIT TRUSTS FUNDS Managers prictt <$) Aug 16 Mendaki Or Fund 1.19 122(5 CinoarwtrA Unit Tri.ct US Or Fund 1.01 105*» Singapore Unit Trust iiiio y-i im The onmcnx I 64 1.74 UfflB imreSI Wlgl LU1 The Saving Fund 1.58 1.67 Unifund 1.51 1.57 S'porc l'n<g Fund O 'O 0.74
        530 words
      • Article
        HSBC's interim pre-tax profit up 24pc to £1.4b
        632 21  -  Reports from Lim Soon Neo in HONGKONG INTERNATIONAL banking and financial services group HSBC Holdings pic yesterday reported an interim pre-tax profit of £1.461 billion (553.404 billion), up 24 per cent over the same period last year. Profit attributable to shareholders for
        632 words
      • Article
        Hang Seng Bank's net profit up 13.2 pc
        386 21 THE Hang Seng Bank group yesterday posted an unaudited interim pre-tax profit of HK53.625 billion (SS7O7 million), up 14.3 per cent over the same period last year. The bank, 61.48 per cent owned by HSBC Holdings pic, chalked up net profit of
        386 words
      • Article
        Shinawatra Computer plans 2 more satellites
        505 21  -  From Loh Hui Yin in BANGKOK SHINAWATRA Computer and Communications, which yesterday announced a 1.2 billion baht (SS72 million) net profit at half-time, is pushing its regional ambitions into higher gear. It wants to buy two more satellites, costing US$26O million (SS39O million), in
        505 words
      • COMPANY BRiEFS
        • Article
          Lock icon SEC seeks explanation from Petron
          111 21 AFP MANILA The Securities and Exchange Commission (SEC) yesterday summoned top officials of Petron Corp to explain why the country's largest firm should not be sanctioned over the allocation of shares in its initial public offering (IPO). SEC chief Rosario Lopez said that while the
          AFP  -  111 words
        • Article
          Lock icon Bombay exchange's computer blip
          80 21 Bloomberg Business News NEW DELHI Red-faced Bombay Stock Exchange authorities yesterday acknowledged a mistake in calculating last Friday's Sensitivity Index. The index's close was mistakenly put at 4.560.30 not only an all-time closing high but an all-time intra-day high too. Attributing the mistake to a "software
          Bloomberg Business News  -  80 words
        • Article
          Lock icon Ming Pao's profit falls 20pc
          65 21 Bloomberg Business News HONGKONG Hongkong newspaper and magazine publishing group Ming Pao Enterprise yesterday said net profit fell 20.54 per cent in the 12 months ended March 31. Ming Pao said net profit fell to HK5159.9 million (5531.2 million), from HK5201.2 million in fiscal 1993.
          Bloomberg Business News  -  65 words
        • Article
          Lock icon Jinhui to proceed with listing
          72 21 Reuter HONGKONG Jinhui Holdings Co Ltd has decided to go ahead with the listing of its shipping operations. In June, it suspended plans to list Jinhui Shipping and Transportation Ltd on the Oslo Stock Exchange in Norway because of the volatility of world financial markets.
          Reuter  -  72 words
      • Article
        Lock icon Phatra Thanakit 2nd qtr profits treble to 810 m baht
        175 21 Bloomberg Business News Reuter BANGKOK One of Thailand's largest brokerages and investment banks, Phatra Thanakit. said yesterday its earnings for the three months ended June 30 soared 221 per cent to 810 million baht (5548.9 million). On a per-share basis,
        Bloomberg Business News; Reuter  -  175 words
      • Article
        Lock icon Rival firms set to bid for parts of Canadian insurer Confed
        348 22 FT LONDON Rival North American insurance companies are already expressing interest in buying elements of Confederation Life Insurance, Canada's fourth-largest insurer, which was seized by financial regulators last week. Their reaction comes against a background of concern about the
        FT  -  348 words
      • Article
        Lock icon Japan Tobacco auctions shares
        139 22 AFP TOKYO Japan Tobacco Inc (JT), the world's third largest tobacco product manufacturer, yesterday began auctioning 230,000 shares to set the initial price for the former state tobacco monopoly's stock. JT officials said. The auction, mainly for institutional investors, is being held at the Finance Ministry
        AFP  -  139 words
      • Article, Illustration
        Lock icon Unilever may bid for Heinz, says report
        178 22 Reuter NEW YORK Unilever Group may bid for H J Heinz Co, Business Week reports in its Aug 22 issue. The magazine said a New York hedge-fund manager, who believes Unilever is looking at Heinz, sees Heinz worth US$5O (Ss7s) a share in
        Reuter  -  178 words
      • Article
        Lock icon Competition forces UK banks to shift to fee earning operations
        302 22 Reuter LONDON The UK banksresults season highlights an industry transformation, as slack business and intense competitive pressures have forced banks to break into more lucrative areas than traditional lending. Britain's three-year recession effectively brought loan demand to a halt, with
        Reuter  -  302 words
      • Article
        Lock icon American General seeks anti-trust nod for Unitrin bid
        323 22 Bloomberg Business News CHICAGO American General Corp is seeking anti-trust clearance to pursue a US$2.6 billion (553.9 billion) takeover of Unitrin Corp, while the Chi-cago-based insurer insists it is not for sale. American General yesterday said it had filed with the Federal
        Bloomberg Business News  -  323 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon S Australian govt seeks A$1b in damages from Price Waterhouse
        339 23 AFP ADELAIDE The South Australian government yesterday launched legal proceedings against Price Waterhouse, making a claim of more than Asl billion (Ssl.l billion) against the accounting firm for its alleged involvement in the State Bank collapse. The state government started
        AFP  -  339 words
      • Article
        Cambodia minister's laundering charge upsets central bank
        417 23  -  By Harish Mehta SINGAPORE Cambodian central bank officials are enraged by outspoken Finance Minister Sam Rainsy's recent unsubstantiated charge that many foreign banks in the country are involved in money laundering. He had said about a dozen of the 28 banks in the
        417 words
      • Article
        China metals group borrows US$30m
        213 23 SINGAPORE Ever Channel Development, a Hongkongregistered firm owned by China National Nonferrous Metals Industry Corp (CNNC), has made its debut in the Asian Dollar Market by borrowing USS3O million (Ss4s million) through a syndicated loan. The five-year loan, which carries interest of 1.2 per cent
        213 words
      • Article
        Lock icon UK firms willing to live with derivative risk: survey
        323 23 FT LONDON Just over half of finance directors at the UK's top companies regard derivatives as a possible systemic risk to financial systems while 16 per cent see them as a definite risk, according to a survey conducted by Record Treasury
        FT  -  323 words
      • Article, Illustration
        Lock icon Peace agreements see Arab banks back in West Bank
        296 23 Bloomberg Business News JERUSALEM A network of bank branches is springing up in the West Bank as Arab banks reopen in the wake of Israel-Arab peace agreements. The first Egyptian bank branch since Israel captured the West Bank during the Six
        Bloomberg Business News  -  296 words
      • Article
        Lock icon Bank lending to UK property firms falls for 12th quarter in a row
        188 23 Bloomberg Business News LONDON Total bank lending to property companies in the UK has fallen for the 12th consecutive quarter signalling the firms may be re-exam-ining their acquisition strategies until stronger evidence for growth in rental income
        Bloomberg Business News  -  188 words
      • Article
        Lock icon 2 big German banks involved in dividend stripping: reports
        282 23 Bloomberg Business News FRANKFURT Two large German banks have been accused of skimming German tax credits on stock market transactions in a practice known as "dividend stripping", say weekend newspaper reports. The Hesse Economics Ministry submitted to the Frankfurt district attorney's
        Bloomberg Business News  -  282 words
      • SMALL CHANGE
        • Article
          DBS Finance scheme for car buyers
          58 23 SINGAPORE DBS Finance has introduced a new scheme for car buyers. The scheme. Heximax. is the first hire-purchase scheme in Singapore that allows hirers to switch from floating rate interest to a fixed rate and yice versa. Flcximax applies only to cars that cost
          58 words
        • Article
          Lock icon Thailand's Asia Credit gets rating
          73 23 Bloomberg Business News BANGKOK Asia Credit pic has been assigned a rating of 'AA-' by the Thai Rating and Information Services (Tris). The rating applies to issues of senior debt and is justified "on the basis of the company's exceptional quality of assets and sound
          Bloomberg Business News  -  73 words
        • Article
          Lock icon Nepal bans Indian 500 rupee notes
          69 23 AFP KATHMANDU Nepal's central bank yesterday banned the circulation of Indian 500 rupee notes. State radio, quoting an official statement from the Nepal Rastra Bank, said the Reserve Bank of India (RBI) would not accept the 500 rupee notes from Nepal for deposit in
          AFP  -  69 words
        • Article
          Lock icon Foreign currency deposits
          60 23 Bloomberg Business News BOMBAY The Indian central bank will no longer guarantee foreign currency deposits made by non-resident Indians in banks in India. It will continue to provide guarantees against depreciation for existing deposits. The government hopes to discourage foreign currency deposits because the country's reserves are
          Bloomberg Business News  -  60 words
      • Article
        Lock icon Emerging markets' debt trading volume nears US$2 trillion
        385 24 Knight-Ridder NEW YORK Trading volume in emerging markets debt instruments worldwide totalled U551,978 trillion (552.98 trillion) in 1993, well over twice the trading volume recorded for 1992 of U*****.7 million, according to an annual survey of institutions active in emerging markets released
        Knight-Ridder  -  385 words
      • Article
        Lock icon Malaysian palm oil stocks slipped last month
        330 24 Bernama KUALA LUMPUR Malaysia's total palm oil stocks fell 4.03 per cent to 451,475 tonnes at the end of last month from 470,423 tonnes a month earlier, says the latest monthly report issued by the Palm Oil Registration and Licensing Authority here yesterday.
        Bernama  -  330 words
      • Article, Illustration
        Lock icon Central American coffee growers see supply shortfalls ahead
        449 24 Reuter Bloomberg Business News MANAGUA, Nicaragua Coffee experts at a two-day meeting of Central American coffee producers predicted global demand for coffee would for some years exceed supply, which may be further reduced by a regional drought. "It was established (at the
        Reuter; Bloomberg Business News  -  449 words
      • Article
        Lock icon Vietnam to open two new offshore oil fields: report
        405 24 AFP Reuter HANOI Vietnam is expected to start commercial production at two new off-shore oil fields before the end of the year, boosting oil and gas output, a report said on Monday. Ho Si Thoang, the director general of state firm
        AFP; Reuter  -  405 words
      • Article
        Lock icon New method doubles coffee yield
        367 24 Knight-Ridder NEW YORK Procter Gamble has developed a new method of roasting and packing coffee that will cut in half the amount of coffee needed to brew each cup. In a statement last week, Procter Gamble said it plans to test-market coffee manufactured by its
        Knight-Ridder  -  367 words
      • Article
        Lock icon BTB consortium gets feasibility study for Bolivia-Brazil pipeline
        187 24 AFP MELBOURNE A threecompany consortium, BTB. has been selected to conduct a feasibility study for a natural gas pipeline linking Bolivia and Brazil, the resources giant BHP said here yesterday. A BHP subsidiary, BHP Power Inc. together with Tenneco Gas and British
        AFP  -  187 words
      • Article
        Crude oil futures rise as Nigerian strike continues
        193 24 Bloomberg ENERGY REPORT NEW YORK Crude oil futures on the New York Mercantile Exchange rose for the first time in five days as traders said Friday's 3.3 per cent plunge went too far. Crude prices fell amid concern that a six-week-old strike
        193 words
      • Article, Illustration
        Lock icon Banque Indosuex REGIONAL CURRENCY REPORT
        143 24 THE US dollar regained some ground against the Singapore dollar in quiet trade. The market is still waiting for a rally to break the 1.5050 support level. The US$/Malaysian ringgit closed a little higher at 2.5620/30. The Malaysian currency consolidated in continu- ous profit-taking from
        Charts by Dew Jones Telerate  -  143 words
      • Article
        Lock icon London
        198 24 Bloomberg Business News LONDON The dollar was little changed against the mark and the yen amid expectations that the Federal Reserve will raise US interest rates when its policy-setting Open Market Committee meets today. The dollar was last at 1.5502 marks after trading in a 0.55-pfennig range. It was
        Bloomberg Business News  -  198 words
      • Article
        Lock icon New York
        90 24 AFP NEW YORK The dollar was mixed against major currencies yesterday in quiet trading here as many European markets were closed for Ascension Day. Gold rose US$2.6O an ounce from Friday's close to U*****.80. Around 1345 GMT, the dollar was trading at I.SSOS marks from 1.5512 on Friday.
        AFP  -  90 words
      • Article, Illustration
        Untitled
        1563 24 rode-H etghted index calculated against Spore's top 14 trading partners. Base year l9Sf US$/S$ forward rates Noon Aug 15 ss Bid Offer 1-month I 5047 1.5061 2-month 1.5036 ***** 3-month 1.5026 1 5040 6-month ***** 1.5002 Sounv OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on Aug IS
        1,563 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, Eurodollars ease in quiet trade
        1263 25 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Eurodollars futures ended slightly easier in uneventful trade. Dealers said the Japanese market was extremely thin because of summer holidays in Japan. Investors were also sidelined ahead of the US Federal Open Market Committee meeting (FOMC) today.
        Reuter  -  1,263 words
      • Article
        KL tin closes lower on London's fall
        665 25 COMMODITY REPORTS XL Tin TIN fell 11 sen to close at M$ 13.22 a kg as priccs eased in London. Dealers noted only local buyers, who were outnumbered by sellers after tin fell USSIO a tonne in London. They added that priccs will
        665 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Tokyo to buy rice from Beijing
          67 25 HONGKONG Japan will buy at least one million tonnes of rice from China to meet domestic demand, the China Daily newspaper reported over the weekend. The report comes after Chinese and Japanese inspection of nearly 80,000 tonnes of rice sold to Japan since last
          67 words
        • Article
          Japan using more copper concentrate
          62 25 TOKYO Japanese smelters consumed 94,891 tonnes of imported copper concentrate in June, up 41.5 per cent from a year before, according to figures released yesterday by the Ministry of International Trade and Industry. Stocks of copper concentrate held by the smelters fell 15.5 per cent
          62 words
        • Article
          PNG gold mine back in production
          99 25 SYDNEY Full production has returned to the Porgera gold mine in Papua New Guinea, although it wi!l take several months to repair damage caused by an explosion, the mine's managing partner, Placer Pacific said yesterday. Lawrie Reinertson, managing director of Porgera, said workers had
          99 words
        • Article
          KSL Alcoa-Kobe Steel aluminium pact
          82 25 TOKYO Kobe Steel Ltd said it will consign all production of sheet aluminum for cans to its Tokyo joint venture with Aluminium Co of America, possibly by the spring of 1995. KSL Alcoa Aluminium Co, which currently produces 7,000 tonnes of sheets each month for
          82 words
      • Article
        COMMODITY PRICES
        1428 25 Rubber Singapore Commodity Exchingc (futures dosing as at S.30pa) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 94 I I 208.50 I 2800 Oct 195.25 4425 Nov 181.50 4325 Dee 179.00 178.75 178.25 300 5575 Jan/Mar 95 176.50 176.25 175.50 1425
        1,428 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1154 26 3.8 STOCKS closed slightly firmer yesterday as investors braced for a hike in official interest rates. The main market indicator, the All Ordinaries Index closed 3.8 points higher at 2,055.7. The All Industrials Index was five firmer at 3,007.4, while the All Resources added three to 1,341.3. Turnover was
        1,154 words
      • Article
        Manila
        686 26 -1.41 After rising for three days straight, the Philippine stock market stalled on profit-taking yesterday with further corrections expected, analysts said. The PSE Composite Index (Phisix) initially rose to 3,030 points but in the end fell 1.41 to 3,005.95 as profit-taking set in. Turnover was 4.48 billion shares, valued
        686 words
      • Article
        Taipei
        581 26 -20.24 The Taiwan bourse yesterday ended slightly lower in light trading for a fifth successive Ipsing session, with all eight major categories posting losses. The 376-issue Weighted Price Index lost 20.24 points to settle at 6,543.57. Turnover was 993 million shares valued at NT550.76 billion. The market opened slightly
        581 words
      • Article
        New Zealand
        415 26 +25.70 The share market held its morning gains to close 1.24 per cent higher as investors celebrated the government's Saturday by-election victory. The NZSE-40 Capital Index closed at 2,097.64, 25.7 points higher than Friday's close and just under the day's high of 2,102.41. "Pretty much as expected, the
        415 words
      • Article
        Untitled
        315 26 Seoul Abb IS Wo*TO) Ankuk Insurance *****0 -30 00 Asu ement J7I.00 4- 1300 Baik Yant 1011 00 >1100 Bank or CTk Jh 127 00 unch Bank Of Pusan 286 00 Boo Kook ***** unch Byuck San ***** -100 Oieil S\nthe Te*l ***** 4- 2 00 Otong Run Dang 352
        315 words
    • WORLD STOCK MARKETS
      • Article
        London
        738 26 -0.1 STOCKS were mixed as investors braced for an expected rate increase from the Federal Reserve when the US central bankers today. Stocks initially rose amid gains in pharmaceutical and brewery shares as investors eyed the potential for higher profits. However, the prospect of rising rates in the US,
        738 words
      • Article
        Frankfurt
        239 26 -1-0.60 German stocks ended little changed as uncertainty about the future direction of interest rates kept investors sticking to the sidelines. However, hopes for an increase in earnings in the chemical and machinery industry continued to provide support for share prices. The DAX Index closed the dav at 2.134.33,
        239 words
      • Article
        Amsterdam
        290 26 +0.75 Dutch stocks closed mixed as concern over higher interest rates in the US and Europe kept gains in check. "Investors are waiting to see what will happen with interest rates in the US and probably in Germany," said a dealer. The EOE Index closed 0.75 of a point
        290 words
      • Article
        Stockholm
        234 26 -12.60 Swedish stocks declined in limited trading after the stock exchange ground to a halt amid several technical failures. The OMX Index fell 12.60 points to 1,077.44. Twenty-five stocks declined, three rose and two were unchanged. Trading was interrupted at around 11am local time, about an hour after trading
        234 words
      • Article
        Zurich
        300 26 -9.9 Swiss shares lost early gains and closed lower for the third session in a row as investors wori7 about the direction of interest rates and the US dollar. The SMI Index, which tracks the 23 leading stocks, closed down 9.9 points at 2,570.6, after earlier hitting a high
        300 words
      • Article
        Johannesburg
        329 26 1.0 South African shares ended just off the day's lows in a slow start to the week dulled by an almost total lack of foreign interest, with heavyweight De Beers hit hard ahead of half-year results due today, dealers said. According to several dealers, overseas investment house SG Warburg
        329 words
      • Article
        Toronto
        260 26 -9.20 Toronto stocks continued to ease in quiet midday trade as most players were sidelined ahead of today's US Fed policy committee meeting. Traders said Federal Reserve chairman Alan Greenspan is expected to hike interest rates by 25 to 50 basis points. "It's pretty quiet. That meeting is what
        260 words
      • Article
        New York
        708 26 -0.32 The Dow Jones Industrial Average, which bounced hack 17.81 points on Friday, was off 0.32 point to 3,768.38 at 11am EDT. The New York Stock Exchange Composite Index was unchanged at 254.77, while Standard Poors 500-stock Index was ahead 0.05 to 462.00. Declines overtook advances 854-764 among
        708 words
      • Article
        Untitled
        936 26 Britannia Funds sterling Cash BM Offer Mim Cap Deposit 3* 6400 38 6500 Mim Jersey Gilt JO. 1893 0 1992 Mim Mil Income .0.9100 0 9400 US$ C ash Income Plin Fund -9 4900 *10 0000 PS Reserve Fund 5 2900 5 3000 Sltriiag Maity Euro Performance 0.4592 0 4938
        936 words
    • Article, Illustration
      Lock icon HONGKONG
      3072 27 Bloomberg Business News HONGKONG Stocks ended the day higher ahead of the release of first-half earnings of international banking group HSBC Holdings and its subsidiary Hang Seng Bank. The two companies account for about 20 per cent of the weighting on the Hang Seng Index. "The market will rebound
      Bloomberg Business News; Source: Bridge Info  -  3,072 words
    • Article, Illustration
      Lock icon CHINA
      556 27 CLSA TURNOVER in the Shanghai B market shrank to US$4.4 million from US$lO.7 million last Friday with the index down 2.43 points to 880.15. Haixin was the most active counter as investors expected the company to announce good results today. The Shenzhen B index gained 12.89 points to 1,174.54
      CLSA  -  556 words
    • Article, Illustration
      Lock icon TOKYO
      2517 27 Reuter TOKYO Stocks ended mixed, off earlier highs on last-minute selling, with volume at its thinnest in about three months. Uncertainty over currencies and interest rates in Japan and the US weighed on the topside, but foreign investors' small-lot buying gave support. "Most participants were sidelined, making Tuesday's Federal
      Reuter; Source: Bridge Info  -  2,517 words
    • Article, Illustration
      Lock icon BANGKOK
      1874 27 Reuter BANGKOK Stocks rallied in heavy trade on institutional buying of blue chips in sporadic and light profit-tak-ing, brokers said. The SET Index closed at the day's high, gaining 27.92 points to 1,453.41. Turnover was a heavy 13.5 billion baht turnover. "The market was bullish on institutional buying spurred
      Reuter; Source: Bridge Info  -  1,874 words
    • Article, Illustration
      Lock icon JAKARTA
      1168 27 Reuter JAKARTA Share prices led by consumer stocks closed higher in firm trading with positive foreign sentiment likely to help support the market at current levels. "It has been good trading. 1 see very strong support at current levels," one broker said. Another broker said newcomer Steady Safe, a
      Reuter; Source: Bridge Info  -  1,168 words
    • Article
      CLOB INTERNATIONAL
      2529 28 Mulpha Intl 50t 7,567.000 Idns Hyd 50c 5.354.000 Ind Oxygen WW) 5.113.000 CASH 50c 4.663.000 Multi-Purpose 4.515.000 Kamunting 50c 4.453.000 Innovcst Bhd 4.347.000 Promcl 3.457.000 Asia Pac Ld 3.064.000 Kcnong Bhd 50c 3 054 000 V Fabcr Group 2.777.000 IC>B lorpn TSR 2.500,000 Mclropicx 50c 2.180.000 MOST ACTIVE
      2,529 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks fall amid US interest rate concerns
        6353 28 Bloomberg Business News KUALA LUMPUR Stocks fell as investors worry that the US Federal Reserve will raise interest rates today. Higher rates make bonds more lucrative compared to stocks, and investors fear this effect could pull foreign money out of the Malaysian market
        Bloomberg Business News; Source: Bridge Info  -  6,353 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8176 29 Cr b M Wi 10*4 Lnl Vol Da, Lax Quote Di» CM. YM N« <»» Aig High Uw («ipu< Sal* COM) lltgk Law Bayer Viler Or P f Smil Prior INDUSTRIAL AND COMMERCIAL 1440 835 I s Acma 9*0 unch 211 1000 97S 975 9«0 17.5 2.1 1 8 15.7
        8,176 words
      • Article, Illustration
        Lock icon Concern over rates hike sidelines players
        1840 30  -  By R Sivanithy SINGAPORE The prospect of yet another interest rate rise in the US depressed local equity prices yesterday, with volume drying up to just about half the amount done last Friday. Brokers said the sharp rises of the past three weeks and
        Charts by Bridge Info; Source: Bloomberg  -  1,840 words
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      306 19 NEWS VALUE How today 's news might affect your stocks SES censures EML for not complying with disclosure rules (pg I) Censure will put pressure on EML management, but the picture will probably remain unclear. URA raises projected private housing supply (pg 2) No immediate impact on property stocks, as
      306 words
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      730 22 EFFECTIVE REDUCTION OF CREDIT RISK IN INTERNATIONAL BUSINESS A SEMINAR FOR ALL ENTREPRENEURS PREPARING TO "GO GLOBAL" HI SEPTEMBER 20,1994 Manoeuvring through the typical business decision cycle is difficult for any business selling on open account. For the exporters, the risks multiply as the distance between the seller and buyer
      730 words
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      Page 22 Advertisements Column 2
      190 22 Feast That's Out Of This World, Need Not Cost The Earth. BfISBII FOUR-VARIETY COLD D6H COLD WSH DELUXE LOBSTER COLD DISH IHB BRAISED SHARK'S FIN WITH BRAISED SHARK'S FIN BRAISED SUPERIOR SHARK'S FIN CRAB MEAT ROAST SUCKLING PIG ROAST SUCKLING PIG ROAST CHICKEN jgl lßilß rrr.umnmnr,, STEAMED GAROUPA STEAMED POMFRET
      190 words
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      113 23 A STRONG BOND THAT LASTS... CARAN JACHE GENEVE Giving a Caran d'Ache pen to your business associates shows your "savoir faire" and much more. Its usefulness brings genuine enjoyment a gift the receiver will appreciate. Discreetly enhanced with your company name or logo, engraved or with a medallion, it will
      113 words
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      91 25 mM J 7 XnODOf 0316 f>«phon« KUOK (SINGAPORE) LIMITED 5550,000,000 FLOATING RATE NOTES DUE 1998 In accordance with the provisions of the Notes, notice is hereby given that for the six-month period from 15 August 1994 to 15 February 1995, the Notes will carry a rate of interest of 4.8125
      91 words
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      Page 25 Advertisements Column 2
      35 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts through classification .✓jk 203 in The Straits Times Classified, cjlta 1737-11—I
      35 words
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      105 26 The South Korean and Indian stock markets were closed yesterday. Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim
      105 words
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      34 27 ACTAL NEUTRALISES STOMACH ACID. ''-'.3 Actal neutralises stomach acid, giving quick relief from stomach discomfort, I-7H 'I FAST-ACTING ANTACID j Sterling 9aslricpain indiges m, m .M Health lion and h„ a r,h„rn I 2
      34 words
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      34 29 With over 215 million cards honoured i» over Ifcittillion MasterCard puts the whole world in rrSrMgj PORT SHOTS v\ The ,atest ,n sea air and ,and transportation Shipping Times Monday to Friday. Business Times
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      116 30 I*/ Q± lia, jte\ ">> y "—v^Cs3P™ Vv ti jtJmtKK* Hitachi and OCBC.. Another First in Customer Convenience OCBC has introduced Hitachi's easy-to-use state-of-the-art passbook printers as part of its electronic banking programme. These user-friendly machines allow customers to automatically update their passbooks quickly and easily without having to queue
      116 words
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  • Shipping Times
    • Article, Illustration
      Scandinavian cruise ship makes maiden call here
      341 31  -  By Alec Almazan SINGAPORE The Scandinavian cruise ship Empress is due to arrive today on its maiden call here. The 8,500-tonne vessel will be calling at Singapore twice a month for overnight cruises to nowhere yearround. During the rest of the month, it
      341 words
    • Article
      Lock icon Aussie minister casts doubt on sale of ANL
      250 31 Knight-Ridder CANBERRA Australia's Defence Minister Senator Robert Ray said at the weekend that the government's plan to sell its shipping group Australian National Line (ANL) would be rejected by the party. In a television interview, Mr Ray said he did not think
      Knight-Ridder  -  250 words
    • Article
      Lock icon Shipowners to pay for pollution damage in UK
      265 31 KnightRidder LONDON Shipowners will be strictly liable for oil pollution damage they cause around the UK coast under new legislation, the UK shipping minister Lord Goschen announced last week. From Oct 1, under the Merchant Shipping (Salvage and Pollution) Act 1994, whenever
      Knight- Ridder  -  265 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      818 31 Page Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appcnship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 I Avant Shpg 6 2/3 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 3
      818 words
    • Article
      Lock icon Indon firm to order 6 cargo ships from MSE
      206 31 Bemama JOHOR BARU A leading Indonesian shipping firm plans to award an order for six cargo vessels to Malaysia Shipyard Engineering Sdn Bhd (MSE). The ships, ranging from 15.000 deadweight tonnes to 25,000 dwt each, are to be built over the
      Bemama  -  206 words
    • Article
      Lock icon China's port expansion unable to keep up with cargo volume
      382 31 UPI BEIJING Major foreign trade ports are still jammed with incoming ships waiting to unload despite an ambitious plan to inerease China's port facilities, an official newspaper reported yesterday. Ports handling grain, fertilisers and ore are particularly clogged, the China
      UPI  -  382 words
    • Article
      Lock icon US$5b worth of foreign investments, loans
      201 31 Bloomberg Business News BEIJING About US$5 billion (557.5 billion) of foreign investment and loans have flowed into the expansion of China's coastal and inland ports, the China Daily reported. The newspaper yesterday said that in the past decade, foreign investors have sunk more than
      Bloomberg Business News  -  201 words
    • Article
      Lock icon Container lines keen to serve China
      370 31 International Transport Journal BASEL The question of how liner services will develop in the trade with China is an extremely interesting topic not only for shipowners in the region of South-east Asia, but also for shipping companies in other parts of the world. A
      International Transport Journal  -  370 words
    • Article
      Daily Freights
      1492 32 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1.499 on Friday from 1.496 on Aug 11. The week ended on a high note here for Atlantic Panamax tonnage, with Cargill conceding USSII.4OO daily for a vessel for 6 to 8 months' trading, brokers said.
      1,492 words
    • Article
      THE SHIPPING GUIDE
      13456 40 This is a list ot 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. LEGENO PN: ship calls at Penang after
      13,456 words
    • Article
      SHIPPING AGENTS
      3350 45 A ■L JLBC Containerline NV: Bclsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pic Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte
      3,350 words
    • Article
      COURIER SERVICES
      279 45 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services Tel:
      279 words
    • Article
      AIR FORWARDERS
      1543 45 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aero* peed Tel: 542-5911. Fax. *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50.
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      PORT CONDITIONS
      2904 46 ALBANIA Durres: One vessel in port discharging bagged flour, no vessels —waiting in roads. ARGENTINA Santa He, Diamante: No vessels berthed, none in roads, none due. San Three vessels and one barge berthed. Five vessels in roads and 28 vessels due at nine terminals during the coming week.
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    • Article
      CRUISE & FERRY SCHEDULES
      414 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Art Dep Name of \essel El'A KID Ports of Calls Port Agent telephone No AUGUST 16 16 The Empress 1530 2030 Cruise to Nowhere Semjom Agencies 227-8284 16 16 Langkapuri Star 1600 2030 Pcnang Jardine Shipping 224-1052 Aquarius Agencies 17 17 The Empress 1630 2030
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      Lock icon SHIP SALES & TANKER RATES
      594 46 SHIP SALES TANKER RATES AFP ALTHOUGH it was expected that the holiday season would take ef- feet earlier we are only now beginning to see the level of interest dropping ofT. Whilst we still have a number of sales to report, the general responses from buyers in the Mediterranean areas,
      AFP  -  594 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        723 47 Vessel Voy Wo Berth Arrival Departure Vessel Voy No Berth Arrival Departure liKMlg Port Thor Mette 01/94 P0/ alongside 1608 0600 Arkts Fighter 030 04A 18 alongsde 1608 0500 Umon 464 P04 jlcogyde IS 08. 1800 Batam tndah N137 16 alongside 1608 2300 Anggada II ****** P06
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        CONTAINER SCHEDULES
        1847 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Ad Gonctiarov 39SI94 18/0915 IB 15/1500 15/1659 15/1900 2B 15/1/00 16/0659 16/0900 4 16/1200 16/1*59 16 1/00 Ma Bhjm 149N 17/1500
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        COCKETT BUNKER MARKET REPORT
        887 47 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        887 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        629 47 Carbon Carbon Auj 11 Density Water Residue Ash Akmriun Sedrwnt Density Niter Residue Ash AfcnMum Sadment MM MM Ejuor Ejumhi KG M*3 1V/V MM MM PPM method KG M*3 V/V MM MM PPM method Eastern USA 180 Ave 983 0 3 14 4 0 09 10
        629 words
    • Article, Illustration
      Lock icon Three-way race for bidding of British dockyards
      979 48 VSEL, DML and GEC are keen on bidding for Devonport, which has been put up for sale by the UK Ministry of Defence, as well as an order for five nuclear submarines FT UK defence secretary Malcolm Rifkind made much of the equipment
      FT  -  979 words
    • Article
      TRANSPORT DIARY
      710 48 COURSES Title: Certificate in Import-Export Management Procedures (SDF 70%) Dufation: Aug 22 Oct 5 Organiser Materials Management Consultants Tel: For more information contact Singapore Institute of Materials Management at 295-4427 or fax: 298-4012. Title: I ATA/FIATA Advanced Module 2 Dangerous Goods Regulations Duration: Aug 22-27 Organiser I ATA
      710 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon British Airways plans innovative in-flight service
        455 50 Bloomberg Business News LONDON Travellers who find it hard to plan vacations and business trips in advance may soon have a friend in British Airways. The airline, one of the most profitable in the world, said it plans to spend as much as US$l2O
        Bloomberg Business News  -  455 words
      • Article, Illustration
        Lock icon PAL strike fails to stop operations
        275 50 AFP MANILA A strike staged by ground crew workers at Philippine Airlines Inc (PAL) caused slight flight delays and disrupted other services, but failed to stop operations on Sunday, airport personnel said here. Officials at both the domestic and international airports said there had
        AFP; Reuter  -  275 words
      • Article
        Lock icon Japan airlines face turbulence over new staff contracts
        406 50 FT TOKYO The Japanese transport ministry is threatening a confrontation with the country's airlines over their plans to hire most new flight attendants on short-term contracts at sharply lower wage levels. The airlines, pushed into losses by the domestic recession, the high
        FT  -  406 words
      • Article
        Lock icon British Rail signallers strike again
        255 50 Reuter LONDON Britain's rail signal workers began a 48-hour strike at midnight on Sunday, adding to the misery of commuters who have struggled to work through a series of oneand two-day strikes for 10 weeks. The conflict between signallers and network operators Railtrack over pay
        Reuter  -  255 words
      • LOG BOOK
        • Article
          Lock icon China Airlines drops US$200m bond plan
          97 50 Bloomberg Business News TAIPEI China Airlines, Taiwan's flagship carrier, has dropped a tentative plan to raise about US$2OO million (SS3O2 million) through an overseas bond sale this year, said Wang Jinn-tsair, a spokesman on financial affairs. The crash of a China Airlines jet in
          Bloomberg Business News  -  97 words
        • Article, Illustration
          Lock icon All ship-shape at shopping centre
          49 50 Reuter HONGKONG The H'hampoa seems lost in a sea of high-rise apartments in a Hongkong housing estate on Sunday. The cruise ship, a solid concrete shopping centre, comes complete with restaurants to serve an area with one of the highest densities in Asia. Reuter
          Reuter  -  49 words
        • Article
          Lock icon Tug crews strike in Colombo
          59 50 Knight-Ridder LONDON Tug crews stopped work last Thursday in Colombo, Sri Lanka, in support of Sri Lanka Ports Authority technical staff who are in dispute with the management, according to Lloyd's Intelligence. No berthing or unberthing of vessels took place. General elections are scheduled for
          Knight-Ridder  -  59 words
        • Article
          Lock icon EU rules may halt double-decker buses
          92 50 AFP LONDON New European rules to harmonise buses throughout the European Union could signal the end for the famed British double-decker buses, the Daily Mail reported yesterday. An unidentified European official quoted by the daily said the current EU plans "would so define specifications
          AFP  -  92 words
        • Article
          Lock icon BA gives up UK political donations
          57 50 Reuter LONDON British Airways pic, once a major donor to the ruling UK Conservative Party, said it plans to give up political party donations for good. BA managing director Robert Ayling spoke of the airline's decision in an interview with a national newspaper during
          Reuter  -  57 words
      • Article
        Lock icon Ford hires falcons to keep seagulls away from new cars
        176 50 Reuter MELBOURNE Car manufacturer Eord revealed on Friday that it has come up with a novel way to stop seagulls leaving their droppings and feathers on new cars parked outside one of its plants in Australia. The company said it
        Reuter  -  176 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1750 50 City Fl» ET* Fight Citj Fight CT> CTO Abu Dhabi GF146 1120 GF147 1850 tmw SRI83 2105 SQ441 1505 GA982 2020 Gitan&zKou CA977 2025 SQ228 2120 Hamx VN741 1310 VN740 1410 RJ188 1325 Hatyai MI895 2300 TG408 0820 AastanUm KL843 0505 GA896 0205 MI896 1920 SQ323
        1,750 words
      • Article
        Lock icon France delays Renault decision until Sep
        327 50 Reuter PARIS The French government will decide next month on when to sell shares in Renault and whether it should privatise the car maker or leave the state with a majority control. Prime Minister Edouard Balladur said on Sunday. "We are now thinking about
        Reuter  -  327 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      31 31 (WESTFAUA} SEPARATORS Always on Course FOR SERVICE AND SPARE PARTS SUPPLY, PLEASE CALL &OQQGQQQ Three-way race for bidding of British dockyards, Page 18 British Airways plans innovative in-flight service, Back Page
      31 words
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      Page 31 Advertisements Column 2
      25 31 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      25 words
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      Page 31 Advertisements Column 3
      31 31 jz±m+R~ M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. "W""V SINOAfOM m Businesslimes HOOV4M
      31 words
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      2356 32 UEfpilTHlr,. IMPORT.... IMPORT.... |NORTH AMERICA I OTHER DESTINATIONS I I NORTH AMERICA I DIMCT CALL TO WEST COAST («C«) TO EAST COAST 3QVTH AMEMCA SEBVICB I SMOAFOffi CAUTOMM IXPfCSS (OMECT FROM WIST COAST! H SStL *01 SPORE I* OAK VCR SEA o*l HOUSTON CMC NY MEXICO CITY VESSEL STOW BUENOS
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      Page 33 Advertisements Column 1
      2265 33 r OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SDN. BHD. 200 CANTONMENT ROAD. 12-05 SOUTH POINT. SINGAPORE 0208 PETALING JAVA TEL 03-*****76 FAX 03-*****42 CFS 03-*****42 CR NUMBER: **********0 C PENANG TEL *****4 FAX *****1 t DOCUMENTATION TEL; *****55 <INWARD>/*****90 (OUTWARD) ,p OH TEL: *****3/4 FAX: *****6
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      Page 33 Advertisements Column 2
      1980 33 ■□BBssaaaa VALUE-FOR-MONEY CALL US TODAY! Vewet Voy ETA ETD NMnd by M S r^ C r T 7 DESTINATIONS N».t Mt mayview maersk v«406 uiiv 23 o« oeoo MRS Cf S 22/06 2359 MRS JOM LP* PEN OAK LOB SfO MEM ATI M4A CMS BAL PML NVC TOR MAY VIEW
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      Page 34 Advertisements Column 1
      1615 34 AQABA R DAM/ LE ALSO ACCEPTIOIG FROM VESSEL VOY NO SPORE JEDPAH (VIA JED) S'TON H BURG A WFRP HAVRE WEST MALAYSIA THAMES 24/13? 17/8 3/9 6/9 4/9 Port K elang. Penang HANNOVER EXPRESS 21/332 20/8 29/8 5/9 7/9 10/9 12/9 14/9 Pasir Gudang KAI 09/133 24/8 10/9 13/9 11/9
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      Page 34 Advertisements Column 2
      643 34 CZQIH AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi. Islamqala (Doqharun) C.1.5./RUSSIA: Voatoctmy, Vladivostok. Moscow, Baku, Taatikaflt, Irkutsk, Alma Ala, Asltgabad, Dushanbe. Kiev N Korea: Pyongyang, Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO fI#NORTH/WEBT AFRICA VESSEL SIN DKR CGM Normandie V.2284 23/8 22/9 Ned Europa V
      643 words
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      Page 34 Advertisements Column 3
      1307 34 I NORASIfI" IvsHVO^^^^^^^^^SlN^^AU^ibc^^VA^^haS^Bß^^RO^^AN^^FE^^LHJ^ NORASIA SUSAN 9432-3 20/08 09/09 10/09 12/09 13/09 14/09 15/09 17/09 NORASIA SINGA 9433 3 25/08 16/09 17/09 19/09 20/09 21/09 22/09 24/09 -S--VR.IE DE VELA VO4W 23/08 20/09 ***** NORASIA SHARIAH 9434 3 31/08 23/09 24/09 26/09 27/09 28/09 29/09 31/09 NORASIA HER 9435 3 05/09
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      Page 35 Advertisements Column 1
      1297 35 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppol Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE ofra (A SERVICE OF CHINA NAVIGATION CO) CARGO DUC SAILS MUWJBI VIOC KK. s»in. Tj» 15-16 Au( 17 »UJ 19 Au| FCL. LCL CONTAINER AND BREAKBULK SERVICE TO
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      Page 35 Advertisements Column 2
      3334 35 SINGAPORE AGENT: iJXn I Atlto<flol*C P»0 Containers (Singapore Agencies) Pte Lid JL \XV/ 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 WT- I A Te<: 225 2233 Te 'e* RS ***** PNOCSP Fax: 225 5327/222 7517 W X CR Number: **********0Z EXPORT IMPORT VESSEL VOY -PHQ 'PKO #tN
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      Page 36 Advertisements Column 1
      476 36 EKA JAYA AGENCIES >Jlar TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HHO CHUUM CITY I P*OM I HANDPHONE/DWECT 1 MtHflT MM I |Ta75«a«,M4)W4 [KM.WM chaw a«D«M| |nnrvmnn I 1 nmrt liinm T6 VIETNAM/HCMd CC^T^-MCT CENTER'POWT i i nut nmo y LINEa Baa I w I in »tom
      476 words
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      Page 36 Advertisements Column 2
      1256 36 OHANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 for vsi sm Ilk haul sea m rox n* vs. m lim hah sav lm wc HAMJM li HMVE 027E 18/8 OBJECT 8/9 9/9 10/9 HAH* If HMtff 027E 18/8 M PBOK 01SE 22/9 23/9 25/9
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      Page 36 Advertisements Column 3
      1152 36 I. w»ks*'wm«t oa np at nro iu cm bai ktcij* mni»wnt a n »J t OFTEB K-057 lt/1 17/1 22/1 24/1 20/1 21/1 31/1 31/1 l/J 2/1 3/3 14/1 27/3 73/3 31/3 lt/lt 11/10 12/11 13/11 M/tt 24/10 J/U 7/11 1/111 t COW K OVJ 20/0 24/1 21,1 31/1 2/3
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      Page 37 Advertisements Column 1
      2412 37 U I sex: 'CALIFORNIA MERCURY 63E' eta sgp 17/08/94 II H XCt I ARRIVING LOS ANGELES 03/09/94 IN 16 DAYS H I AEX NEPTUNE lazuli ose' eta sgp 19/08/94 HI H I ARRIVING NEW YORK 12/09/94 IN 23 DAYS HI •i: EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA gXPMSB (SCX) TO: USWC
      2,412 words
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      Page 37 Advertisements Column 2
      1097 37 A I MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 A N. BOOKINGS: *****64, *****51, *****31. *****13 <f BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 Jfrv BIASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****87 INVENTORY:
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      Page 38 Advertisements Column 1
      1586 38 44 AS AGENTS: LINE (SINGAPORE) PTE LTD (CS NO: **********0 M GST RfG NO: M2-*****99-S) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 Wiy MALAYSIA K" LINE MARITIME (MALAYSIA) SON BHD B TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARANA LAUTINTERNUSA, TEL: JKT *****08 mem
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      Page 38 Advertisements Column 2
      1311 38 ©APPENSHIP /Q\ HAMBURG V7v CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS 10AWNG POSTS DtSCHAKGt 10ADHG FOS •lAKITT* HAM 01/07 SPOT* 20/0« CARMBEAM PMMCEM ANTW 13/06 P GUDANG 13/08 SPOKE 18/ OS SKVJS2? £'2! M*" 26 SPOfIE 27/09 BKK 02/10 T** VEHTggILS_I6/Og_S2CJ?2/04 ANTW 26/06
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      Page 39 Advertisements Column 1
      925 39 PACIFIC INTERNATIONAL LINES (PTE) LTM .^1 4BSSS?140 Cecil Street. #03-00 PIL Building. Singapore 0106. I I AAM tm mM fliV CR NO **********0E I VESSEL VOY SIN CMS JIB HOD JED AQJ AOE PZU MSW ASA KOTA WIRAWAN WRN4SP 21/• 25/8 1/9 12/9 3/9 5/9 3/9 7/9 23/8 KOTA BE
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      Page 39 Advertisements Column 2
      991 39 ytsms tot sm u havrc Hamburg ihaaks roitiroam anhwrp Wilt DC VIG* CO4W It/01 OS M 11/OT 12/09 13/W 15/09 VM.lt Ot VILA VO4W 0« 17/09 19/09 29/09 21/09 23/01 HUE 01 TIT ANA 105W JOM 21/09 23/0» 24/09 25/09 27/09 Witt 01 TIICAWA UOSW 2«/09 30/09 01/10 02/10 04/10
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      Page 39 Advertisements Column 3
      551 39 I i A Ml MYANMA iBBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gd| AW* VI29W IN PORT SID SAGAMG V3BW M PORT PAGAN V2I2W 14/20 Au( 21/22 Auf »»A AN V2O4W 24/2S Au| MYOMAYWA VIS3W 24/30 Au( MALAYSIA AGENTS BOLTSTfAO SHPPMG AGENCCS KUL
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      Page 41 Advertisements Column 1
      41 41 W ASIAPAC \r "At your service, anywhere and anytime" VINCENT INTIKTKANS LINKING THE WORLD TOGETHER HONG KONG CHINA KOREA MALAYSIA V JAPAN PHILIPPINES EUROPE SINGAPORE > CANADA NDIA r-<P^USA INDONESIA 7 AUSTRALIA f MEXICO NEW ZEALAND ARGENTINA ASIAPAC FREIGHT EXPRESS PTE LTD
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      Page 42 Advertisements Column 1
      2020 42 PERSIAN GUtF 1 wt ekly |f|l *yg*y mmr p| j/itTjjp SHIPPING PTF LTD W (fitMnd-' *****00 Sales/Booking: Agency Dept. rn wlwm 170* F« (General): *****06 Container: *****41/844 Container Src B/L *****02 Operation Container: *****1S 2 misß&ToZr2 It* M Conventional: *****50 D/ 0: *****85 Conventional: *****46 %doo4 010« SmmJ^f Fix: *****0S
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      Page 42 Advertisements Column 2
      1519 42 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUND PHI PIN IOH SW HKG MO TAI *EE NAG *0B OS* 1101 SEA RANGER, NO4l 1/08 OMT 19/08 55 08 24 08 ~OMT OMIT 28 08 T/S mMO 31 08 01'09 03 '09 31/08 WAN HM 215 NOOB ii/ 08 OMIT ?0 08 74/08 25/08
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      Page 43 Advertisements Column 1
      687 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 21/8 ROTTERDAM 20/8 AARHUS/COPENHAGEN 21/8 HAMBURG/BREMEN 22/8 MARSEILLE/FRANCE 18/8 FELIXSTOWE/UK 29/8 BARCELONA/SPAIN 22/8 LEHAVRE/FRANCE 17/8 GENOA/ITALY 2278 ANTWERP/BELGIUM 22/8 LOS ANGELES/WC/IPI 20/8 SYDNEY/MELBOURNE 18/8 NEW YORK/EC 20/8 FREMANTLE/ADELAIDE 19/8 VANCOUVER 19/8 BRISBANE
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      Page 43 Advertisements Column 2
      1795 43 —"TTTT™T 1 iWI 9 VESSEL vov sn jit vessel voy sin B'-i 1 WANABHUM 241S Ty_ In P« ft 20/« g AKA BHUM 14SN/S Ty In PI Thu |lt/« VESSEL VOY SIN BKK I»RA BHUM MB Fri 1»/» Tin 23/» pgjft BHUM fri is/T ~**T 20/» BH VANTRA BHUM 47N
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      1519 44 maSSLS XowJSISa(MLIS) 9 FOMMk'(M)WWM lANOKOK ?9M) 7 |*****7 P.KELANO: (<fa| *****77 JAKARTA: (»1) MMIO7 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 S/ULWGS/WEEK PEN PK SIN 17/8 18/8 19/8 HK6/BKK/KEE/KHH Genoa/Barcelona/Marse«es 22/8 23/8 24/8 19/8 20/8 21/8 HKG/BKK/KEE/KHH G'burf/C'hafeii/S'Wm/Oslo 21/8 22/8 23/8 j 21/8 22/8 23/8 HK6/BKK/KEE/KHH \m
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      Page 44 Advertisements Column 2
      182 44 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD CT* ETA IT* SWM rail KIIMK PtMNG BIUI MK 21/1 ?6 8 loading <01 Mdk RUV/U HUOK) n 8 Loatkog 'or Dubai DOIMN 2/» 21/8 Loading foi Mak nom* supwxi in loading For Matt UMMEEDH 21/7 Loadmg Foi Male PHOGttSS I BUTT
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      Page 44 Advertisements Column 3
      1024 44 O THONG SOON UNES PTE LTD 1 I 78 shenton way #10-01, Singapore 0207 I I TEL: 227-5088 FAX: 227-6011 I I T LX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK S |NGAPORE TO P THA?LAND ffSStL WT SPORE PEST VESSEL VOT ISPORE IIAKKOH EQUATOR
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      394 48 HBDIH 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE SINGAPORE/PORT KLANG/SINGAPORE SINGAPORE/PENANG/SINGAPORE VESSEL VOYAGE SIM PKL VESSEL VOYAGE SIN PEN MCC CONVEYOR 9435 17/08 (WED) 19/08 (FRI) MCC CONVEYOR 9435 17/08 (WED) 19/08 (FRI) VIGOUR SPORE *****N 19/08 (FRI) 21/08 (SUN) XOUR JAYA
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  • Page 48 Miscellaneous
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      Page 48 Miscellaneous Column 1
      674 48 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 0.7 0.7 0.9 1.2 1.5 1.8 1.9 1.9 1.8 1.6 1.4 1.2 12 1.2 1.4 1.8 2.1 2.4 2.6
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      931 49 I HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 pfU* PKE* PGO* VESSELS VOY SIN RTM AWT* LEH* HAM BWEt FEI 17/01 19/ os 20/08 H. PIONEER 3101* 22/08 09/09 11/09 12/09 11/09 11/09 13/09 24/08 26/08 27/08 H. FRONTIER 312W 29/08 16/09 18/09 19/09 18/09 18/09 20/09
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      Page 49 Advertisements Column 2
      455 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS WSSfI WW Sf KUC KK MU* *T OKANGi MOOM S4 Sid iBU li/l) MISHUN 31 SM 16 I 12/1 Ml CO3MC ItAOH 4« SM ki Pt OUTBOUND VESSELS SP CHITTAGONG YANGON 22 8 MV Trans Auto V 75 (KOKO)
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      Page 49 Advertisements Column 3
      1081 49 VESSEL VOT SIN ETA/D LAX "OAK I CHI OAL MEM/COL HOP NYC NOR ALLIGATOR PRttE 53A 18/08 04/09 06/09 07/09 08 09 08/09 09/09 09/09 10/09 HENRY HUOSON BRIOGE 77A 25/08 11/09 13/09 14/09 15/09 15/09 16/09 16/09 17/09 ALLIGATOR VICTORY 55A 01/09 18/09 20/09 21/09 22/09 22/09 23/09 23/09
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