The Business Times, 18 August 1994

Total Pages: 48
1 48 The Business Times
  • 13 1 BUSINESS TIMES WE KNOW ASIA MITA(P) 010/12/93 Thursday August 18 1994 75 c
    13 words
  • 2am LATEST
    • 58 1 Bloomberg Business News MADISON, New Jersey American Cyanamid Co yesterday caved in to American Home Products Corp's advances, accepting a bid of US$lOl a share, or about US$9.7 billion (5514.5 billion), and averting a takeover battle. The price represents a 6.3 per cent premium to American Home's
      Bloomberg Business News  -  58 words
    • 37 1 Bloomberg Business News LONDON Sun Life Assurance of Canada yesterday said it had agreed to buy for an undisclosed price the UK arm of Canada's fifth-largest insurer, Confederation Life Insurance Co, now in liquidation.
      Bloomberg Business News  -  37 words
  • 160 1 Stock Market indices Wednesday Change STI! 2,344.4 +35.83 KLSEComp 1,126.14 +17.96 Nikkei 20,824.56 +38.20 Hang Seng 9,537.98 +171.36 SET Index 1,473.48 +11.77 Jakarta Comp closed CLSA China B ....1,157.36 +2.81 AustAllOrd 2,059.5 +19.5 FTSE 100 3,190.3 +43.0 Wednesday Previous 2pm dose Dow Jones 3,778.74 3,784.57 Average of prime
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  • 456 1  -  Aim is to increase ratio to 1 lpc of total housing stock, says Lim Hng Kiang By Abdul Hadhi SINGAPORE The government has drawn up a programme to increase the supply of landed properties to 11 per cent of total housing stock
    456 words
  • 637 1  -  By R Sivanithy SINGAPORE Regional equity markets put on an average of almost 2 per cent yesterday in reaction to a half-point rise in US interest rates. Brokers and analysts had expected regional markets to rally yesterday but not to
    637 words
  • 157 1 Reuter NEW YORK Blue-chip stocks drifted lower at midsession yesterday as Wall Street pondered the implications of the Federal Reserve's hike in interest rates. At 2pm EDT, the Dow Jones Industrial Average was down 5.83 points at 3,778.74. In the broader market, advancing
    Reuter; Source: Bridge Info  -  157 words
  • 476 1  -  ty Ramesh Divyanathan SINGAPORE Knight Frank Cheong Hock Chye Baillieu is being sued by a rival real estate agent for alleged "defamation conspiracy and unlawful interference with the economic interests of the plaintiff. The suit, by Vigers Singapore, centres on
    476 words
  • 233 1 SINGAPORE Local banks were mum yesterday about possible interest rate hikes here after the US Federal Reserve Board lifted short-term rates by half a point on Tuesday. Those contacted yesterday told BT they were monitoring interbank rates closely but declined to make further comments on
    233 words
  • 442 1  -  By Schutz Lee SINGAPORE China's trade with Asean countries jumped 43.1 per cent to US$5.5 billion (SSB.3 billion) in the first half of this year. The rise makes the six Asean countries as a whole China's fastest growing trading partner, according
    442 words
  • Page 1 Advertisements
    • 67 1 ,_:';}.<*(!=]=$|`-`)@'[{)((({=" I 1 1 11 9 CONTENTS Spore News 2 fpw?JsM*17.18iO Regional News 3.4,6 Financial 22.23 World News 7.8 Fiitufts Markets Analysis 15 CMJ/W.SE. SES 26.28 Editorial 14 Regional .24 Sports 9 World TV/Lrfestyle 11 Currencies 22 Law 13 Simex/Commo ...22,23 fclfcacrlyM— Tel 1800-*****77 Fax *****75 BT NMrsdMk Id *****18
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    • 27 1 Law: Pg 13 [Jl o u Legal potholes in info superhighway IPC interim earnings up 43pc to $32m Other results: UOL, Hotel Plaza, Haw Par, Pg 17
      27 words
    • 29 1 Hock Lock Stew: Px/(/ H" [J S'nore hanks: ennJßHuvd Fall reports, Pgs 24-28 Impact of rate cuts, Pg 21 Editorial: Hopefully the last hike for a while, Pg 14
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    • 117 1 tfrtohm Line: Pg is merging markets (JRA unveils centres of commerce, culture, Pg 2 01 BRUNO M M.1.1 SOLE AGENT: Marlex Marketing Pte Ltd Tel: 734 949* Fax: 737 6592 Boutiques Centrepoint #01-30 Tel: 737 4509 Paragon By Sogo #0119 Tel 734 9935 Open Daily from 10 00am to 8
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    • 4 1 iraßW^^S lunettes claims power,
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 311 2  -  By Corinne Kerk BUSINESS at pubs and restaurants showed healthy growth in April and May. The latest figures from the Singapore Tourist Promotion Board show cess collections were $1.38 million in May and 51.26 million in April. This translates to food and beverage sales
        Source: Dept of Statistics  -  311 words
    • 810 2  -  Proposals on Geylang and Marine Parade aim for pleasant working environment By Abdul Hadhi GEYLANG, including Geylang East, and Marine Parade are to emerge as centres of commerce, while retaining cultural character, under Urban Redevelopment Authority (URA) proposals put on exhibition yesterday. Under the
      810 words
    • 258 2  -  By Conrinne Kerk NEXT YEAR'S Great Singapore Sale will be held from Friday, July 14 to Sunday, Aug 13. A spokesman for the Singapore Tourist Promotion Board said yesterday a sugges- tion by Takashimaya Shopping Centre had been taken into
      258 words
    • 424 2  -  Biscuit King trial By Ramesh Divyanathan THE DISTRICT JUDGE in the trial of "Biscuit King" Rajan Pillai yesterday ordered an adjournment so the prosecution could amend one of the charges. The charge involved accuses Pillai of criminal breach of trust for allegedly offsetting
      424 words
    • 264 2 TO HELP Singapore's textile industry gain a stronger foothold in overseas markets, three major industry events will be staged concurrently here from Sep 20 to 23. Two of the events the International Textile and Trim Exhibition (Intex) and Fashion
      264 words
  • Page 2 Advertisements
    • 128 2 After the bulls and the bears, how about a ®F Grouse. filZv Finest Scotch Wjbky I REGIONAL I ANALYSIS I Every Wednesday in Business Times GREAT MINDS THINK ALIKE :tefk■ m jy (You can tell Ly their skirts) When it comes to excellence in tailoring, distinguished statesmen, royalty and just
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  • SOUTH-EAST ASIA
    • 449 3  -  From Ho Kay Tat in KUALA LUMPUR THE East Malaysian state of Sarawak plans to sell off 14 state-owned companies over the next two years as the re-source-rich state tries to catch up with the rapid pace of
      449 words
    • 481 3  -  By Conrad Raj SINGAPORE The Malaysian arm of giant Japanese contractor, Kajima, has filed an application in the Johor Baru courts to appoint Johor's official receiver as the provisional liquidator of Desaru International Resorts Sdn Bhd. adding yet
      481 words
    • 429 3  -  From Ho Kay Tat in KUALA LUMPUR CAMBODIA has opened its doors to Malaysian companies to invest in its timber industry and to take advantage of its vast land area to grow oil palm and rubber. This was conveyed by Cambodia's
      Reuter  -  429 words
    • NOTEBOOK
      • 53 3 SINGAPORE Singapore yesterday congratulated Indonesia on the 49th anniversary of its independence. In separate messages to Indonesia's President Suharto, President Ong Teng Cheong and Prime Minister Goh Chok Tong wished him good health and happiness and expressed the hope that Indonesia would continue to
        53 words
      • 103 3 AFP KUALA LUMPUR Malaysia is expected to face a critical shortage of at least two million workers by 2020 as the current labour crunch worsens, officials said yesterday. The labour market would remain tight following sustained growth of the economy, especially in the manufacturing,
        AFP  -  103 words
      • 75 3 Reuter MANILA Philippine power reserves have dropped to uncomfortably low levels, leaving Manila vulnerable to the power cuts that gripped the nation last year, officials said yesterday. Thin reserves combined with the tripping of a major transmission line on the main Luzon island have
        Reuter  -  75 words
  • Page 3 Advertisements
    • 268 3 Leader in talks on Phnom Penh power plant tie-up, Pg 18 Hapag-Lloyd Liner Shipping We have achieved Uke other sectors of industr >'' the This is 10 cert,fv ,he Quawy Mana9emem Sys,em of continually growing in the transport HaDaa-Llovd AG market. Hapag-Uoyd Liner Shipping ***** Hamburg. Lnwny has again demonstrated
      268 words

  • CHINA/HONGKONG/TAIWAN
    • 536 4 Reuter BEIJING China said yesterday that after eight years of preparation it was time to implement a new wave of bankruptcies in state firms, despite the need to create 68 million urban jobs by 2000. Economists said they doubted whether the government can
      Reuter  -  536 words
    • 486 4 But economists and officials say no cause for alarm yet Bloomberg Business News BEIJING Chinese inflation is heating up again, but economists say the leadership should not be hitting the panic buttons just yet. Official statistics published in the state media yesterday showed that retail
      Bloomberg Business News  -  486 words
    • 242 4 UPI BEIJING The Netherlandsbased Philips Corporation plans to make China its largest business niche in the world and is negotiating to set up a factory in Shanghai, official media said on Tuesday. "Our joint-ventures here are making great progress," chairman and president
      UPI  -  242 words
    • CHINA WATCH
      • 103 4 AP BEIJING The World Bank has agreed to provide a US$lO million (Ssls million) loan to Shenyang to finance environmental protection in the heavily industrialised north-eastern city. China has launched a major campaign to seek financing for environmental protection as choking smog and heavily
        AP  -  103 words
      • 83 4 Reuter TAIPEI The Taiwan High Court yesterday upheld a 10-year jail term for a Chinese asylum-seeker who hijacked a Chinese airliner to the island last December, the semi-official Central News Agency said. The court rejected an appeal by Gao Jun, 26, a former clothes salesman
        Reuter  -  83 words
      • 105 4 AP BEIJING China has the world's fastest-growing ageing population, with one in five Chinese projected to be in the over-65 age range in the next two decades, an official report said. Currently, 10 per cent of China's 1.13 billion people are over the age
        AP  -  105 words
      • 98 4 AFP TAIPEI The Taipei District Court yesterday sentenced six telecommunication officials to jail terms ranging from five to seven years for corruption. Meng Chih-chung, former director of the Long Distance Telephone Bureau, was sentenced to seven years' jail for using his position to help
        AFP  -  98 words
    • 35 4 Reuter TAINAN, Taiwan A marine landing craft delivering supplies to flood victims in this southern city yesterday after torrential rains spawned by Typhoon Doug hit the island last week. Reuter
      Reuter  -  35 words
    • 325 4 AFP BEIJING Macro-cconomic planning in China is being seriously hampered by ambitious officials who falsify statistics to obtain promotion, the official People's Daily said in a front page commentary yesterday. The newspaper said a large number of officials across the country are turning
      AFP  -  325 words
    • 221 4 Bloomberg Business News BEIJING China's State Planning Commission is working on a pilot programme to convert key state-owned enterprises into stock companies that would be owned jointly by investors and the state, the official China Securities reports. The newspaper said the commission is
      Bloomberg Business News  -  221 words
  • Page 4 Advertisements
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      490 words
    • 171 4 USUIIiSa SttictUf s4u4tn<i(t<i* Pntet*. W Outstanding brick and tile villas bulit ———i jj i by one of Queensland's best builders 2 jj 20 -25 minutes to City ft. Universities W 0 3 minutes to Red bank Plains Shopping 3 S Centre and Railway Station "SSET Jj SS■ Walk to schools,
      171 words

  • Page 5 Advertisements
    • 24 5 .Asf&S* 0 HMMM MMMMna fIBHB directional turning bezel. Double d^llilfe protection- screw-in crown. Water-resistant to 200 meters. Metal bracelet with double i Mr J
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  • REST OF ASIA
    • 507 6  -  From Anthony Rowley in TOKYO JAPAN'S recently elected socialist Prime Minister, Tomiichi Murayama, will swing through South-east Asia next week on an official visit to the Philippines, Vietnam, Malaysia and Singapore. His trip will mark the first official visit to Vietnam
      507 words
    • 408 6 Reuter SEOUL US President Bill Clinton said yesterday experts would have to inspect two key undeclared nuclear sites in North Korea before the West could provide Pyongyang with a modern nuclear reactor, a South Korean spokesman said. Mr Clinton telephoned South
      Reuter  -  408 words
    • 322 6  -  From Koichi Ishiyama in TOKYO IN LINE with moves by Japanese companies to transfer production to the region in the face of the stronger yen, Fujisash Co has announced plans to shift some aspects of its production to Malaysia in
      322 words
    • ASIA NOTES
      • 108 6 Bloomberg Business News SEOUL The prosecutor's office plans to indict two leading business executives this week on charges of bribing a former cabinet minister. A prosecutor in the office said yesterday work was under way to indict Daewoo Group chairman Kim Woo Choong and
        Bloomberg Business News  -  108 words
      • 86 6 AP AFP TOKYO Scientists have postponed the launch of Japan's first two-tonne satellite (abovt) because of a bad fuel valve. Ihe launch was rescheduled for today because engineers needed time to change a valve that regulates the flow of super-cold helium inside the engine, said
        AP; AFP  -  86 words
      • 97 6 AP NEW DELHI The government has rejected a US ban on Indian-made rayon skirts and accused Washington of setting up the barrier to slow down its booming garment exports. Last week, the US Consumer Product Safety Commission halted imports of the skirts and
        AP  -  97 words
      • 73 6 Reuter NEW DELHI Indian steel exports, undercut by competition from the former Soviet republics and rising domestic prices, plunged 45 per cent in the second quarter of 1994, The Economics Times newspaper reported. Citing a steel ministry report, it said exports by India's four
        Reuter  -  73 words
  • Page 6 Advertisements
    • 414 6 BUSINESS TIMES LIFESTYLE EXCLUSIVE THE ADVENTURE BEGINS... With the Saab Arctic Circle experience. 7 ui i r TOP PRIZE 7 days Swedish winter holiday for two by Saab. Highlights include: Driving by road-book to Lake Antnastrasket for winter drive training and }J. jL competition downhill and cross-country Factory visit to
      414 words

  • THE WORLD
    • 499 7 Reform package also cuts taxes on other goods, eases investment restrictions Bloomberg Business News JERUSALEM The Israeli government announced a sweeping financial-reform package that includes a 10 per cent tax on stock market profits starting in 1995. The plan, subject to approval by
      Bloomberg Business News  -  499 words
    • 301 7 AFP STOCKHOLM Sweden's Social Democrats look set to regain power in the country's legislative elections next month, three years after surrendering control to a centreright coalition. With one month to go before the Sep 18 vote, the electoral campaigns are beginning to gain
      AFP  -  301 words
    • 318 7 Bloomberg Business News WASHINGTON Sony Electronics Inc violates workers' rights at its plants in Nuevo Laredo, Mexico, four US and Mexican organisations said on Tuesday. The company, a Park Ridge, New Jersey-based unit of Japan's Sony Corp, deliberately obstructs workers' legal rights to
      Bloomberg Business News  -  318 words
    • WORLD WATCH
      • 80 8 Bloomberg Business News LONDON British unemployment fell 11,800 to 2.632 million in July. The jobless rate fell to 9.3 per cent from 9.4 per cent in June. The decline in unemployment was smaller than analysts had forecast. The median forecast of economists polled
        Bloomberg Business News  -  80 words
      • 97 8 Bloomberg Business News WIESBADEN, Germany Producer prices in western Germany rose 0.1 per cent in July from June and were up 0.4 per cent from a year earlier, the Federal Statistics Office said yesterday. The increase was in line with expectations of analysts surveyed by
        Bloomberg Business News  -  97 words
      • 136 8 Reuter WASHINGTON US President Bill Clinton's approval rating fell sharply in a new poll released on Tuesday, slumping to its lowest level since he took office in January 1993. The survey, commissioned by the ABC News programme Mghtline, found that 44 per cent of those
        Reuter  -  136 words
      • 116 8 Bloomberg Business News MEXICO CITY Mexico's economy grew 3.8 per cent in the second quarter and 2.2 per cent in the first half, a report from the Ministry of Finance said on Tuesday. The economy was expected to grow 2 to 3 per
        Bloomberg Business News  -  116 words
      • 107 8 Reuter VICTORIA, British Columbia Canada said on Tuesday it will preserve the world's biggest coastal temperate rain forest by setting aside a vast area on its Pacific coast. The province of British Columbia said it would preserve the Kitlope Valley, a 317,000 ha mountainous
        Reuter  -  107 words
    • 363 8 AFP WASHINGTON US President Bill Clinton made headway on Tuesday in his drive to enact health care reform and save his derailed crime Bill as Congress removed some of the stumbling blocks in approving the key packages. In a vote
      AFP  -  363 words
    • 227 8 Reuter MOSCOW A Russian minister, highlighting the domestic cost of troop withdrawal and economic reform, yesterday called on Western states to forgive part of Russia's multi-billion-dollar foreign debt. "Bulgaria and Poland have had 50 per cent of their debts written off, why
      Reuter  -  227 words
    • 44 8 AFP SAINT-GERVAIS, France A young giraffe, which escaped from the Bouglione circus, found itself in the pool of a hotel in Saint-Gervais, in south-eastern France on Monday. It had fallen in while trying to avoid the hotel's security guards. AFP
      AFP  -  44 words
    • 183 8 AFP Reuter MOSCOW Russia maintained yesterday it is not the source of high-grade nuclear materials smuggled abroad and signalled it will not allow intrusive foreign checks on its atomic facilities. "We are ready to cooperate eventually, but the measures taken will depend on the
      AFP; Reuter  -  183 words
    • 321 8 Bloomberg Business News HOUSTON Compaq Computer Corp plans to begin warning customers that their computer keyboards could cause serious injuries. The company yesterday said the move came as computer manufacturers and other businesses struggled to fend off class-action lawsuits by plaintiffs
      Bloomberg Business News  -  321 words
    • 284 8 Reuter Bloomberg Business News SOMERS, New York International Business Machines (IBM) has announced plans to provide an electronic software shopping, ordering and delivery service to customers worldwide. Through high-speed networking services provided by the IBM Global Network, the advanced system will enable companies
      Reuter; Bloomberg Business News  -  284 words
  • Page 7 Advertisements
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      197 words
    • 18 7 SPEED OFF IN A CAMRY 2.2GL AND YOU WON'T MIND GETTING A FEW TICKETS. 1*! vH mi A
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  • Page 8 Advertisements
    • 136 8 I3USINESS^T^IM^2j^^ TOLL-FREE TEL. No. f-800-741-1883 FAX:7AI-1298 IQureshi's Carpets Pte. Ltd. wishes to inform all its Bankers, Customers, Suppliers and Well-wishers that the application of Aslam Qureshi filed in the High Court of the Republic of Singapore on the 21st day of July 1994 to wind up Qureshi's Carpets Pte. Ltd.
      136 words
    • 23 8 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... To advertise your Appointments nr ftlni! i, or notices, caN ton-free 1-800-741-1883 pThaStrmiU Tinxw l
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    • 78 8 Ir^rri BOUND TO MAKE WAVES. M OVERWORKED? STRESSED? WE HAVE JUST THE CURE FOR YOU. |U 3D/2N Singapore-Penang-Singapore Dep. Every Sunday I from $198 3D/2N i Cruise-to-Nowhere Dep. Every Friday j from $288 4D/3N Singapore-High Sea-Penang-Singapore Dep. Every Tuesday j from $278 Prices include Shipboard accommodation Meals M 4& HOLIDAY
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  • SPORTS
    • 472 9 Commonwealth Games Reuter VICTORIA, British Columbia More than 3,500 athletes from 64 nations are ready to go but no-one is predicting an orgy of world records once the Commonwealth Games start this week. Four years ago the closest the so-called "Quiet Games" in
      Reuter  -  472 words
    • 489 9 AP VICTORIA, British Columbia The Australians say they're going to win every medal in a Canadian pool. The Canadians, as if trying to fight off a burglar stealing all their gold, are ready to make sure it doesn't happen. The Commonwealth Games are
      AP  -  489 words
    • 505 9 AP SYDNEY Australian centre Jason Little scored a try after just 16 seconds and his teammates held off strong-finishing New Zealand to win 20-16 yesterday at the Sydney Football Stadium and regain the Bledisloe Cup. Australia led 17-6 at halftime but had to
      AP  -  505 words
    • 382 9 AP NEW HAVEN, Connecticut Distracted by music being played during changeovers. Andre Agassi fell to Jan Siemerink of The Netherlands in straight sets on Tuesday at the Volvo International tournament. Agassi, the fourth seed, complained loudly about the music to officials throughout
      AP  -  382 words
    • 547 9 UPI WOOSTER, Ohio A College of Wooster professor who specialises in sports economics said on Monday that the major league owners might be presenting a red herring in calling for a cap on players salary, with their goal actually being modification or elimination
      UPI; AFP  -  547 words
    • SIDELINES
      • 152 9 AFP LONDON English cricket netted a £58.8 million (SSI3S million) jackpot on Tuesday with a new television deal. The four-year contract with the BBC and satellite network BSkyß incorporates a £2 million arrangement to broadcast matches in England to Asia. The deal was unveiled at
        AFP  -  152 words
      • 119 9 Reuter LONDON The English Test and County Cricket Board (TCCB) on Tuesday imposed a temporary ban on signing overseas players beyond the 1996 season. Chief executive Alan Smith said. "There will be a moratorium until the December meeting of the board. In this period no
        Reuter  -  119 words
      • 101 9 AP INDIANAPOLIS Jim Courier (right) said on Tuesday he is taking a break from tennis until he is properly motivated to return to the sport. After losing to Alex Corretja of Spain 1-6, 6-4, 6-3 in the second round of the RCA Championships, Courier
        AP  -  101 words
      • 159 9 Reuter NEW YORK Tele-Communications Inc said it bid alone for the Madison Square Garden arena, related sports teams and regional sports cable television network being sold by Viacom Inc. A spokeswoman for the biggest US cable system operator said TCI had no financial partners in
        Reuter  -  159 words
      • 144 9 PALERMO, Sicily Britain's Chris Boardman beat Francis Moreau of France by a wide margin about 12 seconds to capture the men's pursuit title in the World Track Cycling Championships on Tuesday night. The British cyclist added a world title to the Olympic gold he won in
        144 words
      • 137 9 Reuter CARDIFF Jannie Engelbrecht. manager of the South African rugby team to tour Wales and Scotland later this year, wants to get rid of the violence he believes is killing the game. "We are spending millions promoting the game but violence is killing it," said
        Reuter  -  137 words
    • SPORT SHORTS
      • Article, Illustration
        73 9 VIRGINIA WATER, England European PGA Tour leading money winners after last weekend's Austrian Open, the 28th tournament of the year 1 Jose Maria Olazabal (Spn) U*****,295 2 Colin Montgomerie (Scot) 446,988 3 Bernhard Langer (Ger) 431,991 4 Miguel Angel Jiminez (Spn) 405,520 5 Mark Roe (Eng) 400,841 6 Mark
        73 words
      • Article, Illustration
        311 9 NEW HAVEN, Connecticut US$l.O4 million Volvo International Tournament 2nd rd Tuesday: Jan Siemerink (Neth) b 4-Andre Agassi (US) 6-3 3-6 6-3; 6-Yevgeny Kafelnikov (Rus) b Robbie Weiss (US) 7-6 (7-1) 6-1. Ist rd: Vince Spadea (US) b 9-Paul Haarhuis (Neth) 6-3 6-2; 10-Ivan Lendl (US) b David Rikl (Cze)
        311 words

  • Page 10 Advertisements
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  • LIFESTYLE
    • 824 11  -  And big foreign makers are crowding into the market, reports Mark O'Neill Mark O'Neill Reuter CHINESE cooks, so they say. invented it in the Sung Dynasty a thousand years ago, the British stole it and the sweettoothed Americans made it a mass product and are
      Reuter  -  824 words
  • Page 11 Advertisements
    • 95 11 G O LAD E N SEMINAR A t omil's to -electing the right venue tm th.it important seminar, you can count on the Golden landmark Hotel 5 luxurious function rooms with a capacity of up to 200 persons, including the newly renovated Galaxy Room will cater to all your seminar
      95 words
  • Page 11 Miscellaneous
    • 1210 11 TV RADIO J The Breakthrough, 8.30pm, sbc s Donald a who unorthodox on who the exposing the man in this adaptation of Daphne Du Maurier's novel. m® i. fflry The Gatsby, 9pm. TV 2 Bil WBI' M Adaptation of F Scott Fitzger- fj fl story of -M dream, as chased
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  • INNOVATION & TECHNOLOGY
    • 767 12  -  New features and better-looking output are making fax machines even hotter, Claire Leow learns Claire Leow The facsimile machine of the 1990s combines multiple functions as a copier, printer and some even have phoneanswering functions. Thanks to these innovations, the "multi-tasking" workhorse
      767 words
    • 512 12  -  Audrey Tan looks at a locally made toilet dispenser with a difference Audrey Tan A PROGRAMMABLE toilet dispenser that releases chemicals only when needed that's what local washroom hygiene company Geopat Products Pte Ltd is riding on to break into a market currently dominated by
      512 words
  • Page 12 Advertisements
    • 37 12 The IBM ThinkPad 755. Now available to Bryan Wong. And everyone else. «i MJHI Xl^lll^^ For more information, contact your nearest authorized IBM dealer. IBM and ThinkPad are registered trademarks of International Business Machines Corporation. IBM 23/94
      37 words

  • THE LAW PAGE
    • 422 13  -  UK law could be rewritten if a suit over an alleged libel on the Internet comes up for hearing. Motoko Rich reports Motoko Rich FT A VIRTUAL war of words in cyberspace is heading for a very real confrontation in a UK courtroom. A London physics
      FT  -  422 words
    • 250 13  -  By Diana Oon INTERNET users in Singapore should be aware that it is possible to commit libel on the system, according to a local lawyer. Salem Ibrahim, a lawyer with Harry Elias Partners, said yesterday that courts would accept statements made
      250 words
    • 580 13  -  AT THE By Ramesh Divyanathan Lawyers with civil cases in the Appeal Court these days have been told to keep to strict time limits in their arguments. Circulars sent to counsel on behalf of the registrar, informing them of the dates and times of
      580 words
    • 280 13  -  Diana Oon on a new edition of a layman's guide to Singapore law Diana Oon Singaporeans win soon be able to clear their doubts about their legal positions in some matters with the help of You and The Law 11, a layman's
      280 words
  • Page 13 Advertisements
    • 370 13 I T 1 I I Qcal power used to come with a hefty price tag. Not anymore. In fact the ThinkPad 360 range contains the most powerful affordable portables in their class. They feature a 170 IBM ThinkPad 360 or 340M8 hard drive (upgradable to 540 or 810 MB) an
      370 words

  • 537 14 EDITORIAL NOBODY expected the US Federal Reserve to do anything but raise interest rates following the meeting of its Federal Open Market Committee on Tuesday. The only uncertainty was whether it would go for a hike of a quarter per cent or a
    537 words
  • WHAT THE OTHERS SAY
    • 195 14 UNDER the accord reached between North Korea and the United States in Geneva last week, Pyongyang's concession is that it no longer insists on proceeding with reprocessing fuel rods. However, it has not given up its opposition to special inspections by the IAEA, which are necessary to
      195 words
    • 156 14 WHILE CHANGES are being made for the better in the Middle East, what about progress in the Palestinian homeland? Can the PLO be a good government? The world wants to see it capable of administering Gaza and Jericho despite all the odds against it.
      156 words
    • 184 14 'Deep remorse' or not? JAPANESE Prime Minister Tomiichi Murayama is scheduled to visit South-east Asia at the end of August. South-east Asian- countries wait expectantly for him to foster a new relationship with them, as the first socialist prime minister in a coalition government. However, Murayama's performance since he became
      184 words
    • 217 14 ALMOST 50 YEARS after the end of World War II, Japan is still unable to accept the reality of, and responsibility for, its actions. Thus another Cabinet minister, Shin Sakurai, has shamed his nation by insisting that Japan had not fought a war of aggression against
      217 words
    • 156 14 LIKE brittle barriers to the truth, Japanese apologists for the Imperial Army atrocities during World War II are being swept away by a growing international movement demanding that the country face up to the less-than-honourable aspects of its past. The latest high-lev-el official to go was
      156 words
    • 141 14 THE DEBT CRISIS of the developing countries made headlines around the world in the 1980s and sent financiers and leaders scurrying to convene meetings and conferences in the hope of finding a solution. While the problem still exists and many developing countries continue to be burdened by
      141 words
  • 653 14  -  Masumi Ishikawa says Tokyo should venture into history education and ensure that the wool isn't pulled over the younger generation's eyes Masumi Ishikawa Asahi Shimbun THOSE Japanese who deny that Japan's last war was a war of aggression contend that there was a
    Asahi Shimbun  -  653 words
  • Page 14 Advertisements
    • 290 14 vwh w- 9B I I 555mm5S H I Ifl nvsltio Proudly Presents 16 27 January 1995 Shangri-la Hotel, Singapore THE Programme V^P* first time in Singapore, the University of Oxford is presenting the |H Oxford Management Programme (OMP), an intensive two-week course focusing on international business opportunities between Asia and
      290 words
  • Page 14 Miscellaneous
    • 45 14 \<?>,lso ,000 09P) 16.149,096 UOUD(V{S \9>, \U£) 1%. lUO. pK(vO \'to S€XOK)S... r>/ POONESBURY GARRY TRUDEAU OH, MM, LOOK AT THAT! I l HAVB BEAUTIFUL. I SOMETHING MAN. LAY J I I>f HWVRIXK PLATING TSSFZZL 1 "0V I s jjL 6UTTAR UITH HG PtAoue„.oH,By MANT^
      45 words

  • ANALYSIS
    • 1091 15  -  Fast-emerging, less pricey competitors and a dwindling market spell trouble for the French-inspired Ariane-5 project. Salil Sarkar reports Salil Sarkar The writer, a Paris-based journalist, contributed this article to BT WESTERN Europe's French-inspired Ariane space rocket might fail to match the
      1,091 words
    • 657 15  -  But his political and economic problems especially the looming public debt are not set to go away, says Andrew Hill Andrew Hill FT FOR THE first time this summer, it looks as though Italian Prime Minister Silvio Berlusconi can relax and enjoy
      FT  -  657 words
  • Page 15 Advertisements
    • 127 15 The rare perfection of Patek Pkilippe al Tke H our G1 ass Ckoosi ng a timepiece 1 I u exquisite ilioulJ l>f a relaxed k lia I hallmark T our After 11. we tee ourselves Palelt X as connoisseurs. And y Pkilippe. jmH our customers as At Tlie Hour Wkick
      127 words

  • 410 16 Reuter COLOMBO Sri Lanka's opposition claimed power yesterday after victory in Tuesday's general election as the ruling party's bid for a coalition to extend its 17 years in office suffered a setback. Chandrika Kumaratunga, the People's Alliance (PA)
    Reuter  -  410 words
  • 366 16  -  From Loh Hui Yin in BANGKOK THE Thai government, which has a patchy record in the privatisation of major infrastructure projects, yesterday sought to assure potential investors that politics would not play a part when it selects winners for multi-billion-dol-lar power
    366 words
  • 335 16 AP WASHINGTON Deputy Treasury Secretary Roger Altman, accused of misleading Congress in his testimony at the Whitewater investigation, has decided to quit, an official of President Clinton's administration said yesterday. The official, who spoke on condition of anonymity, said Mr Altman could
    AP  -  335 words
  • 255 16  -  From Brian Gomez in SYDNEY THE five-year-long insurgency on Bougainville island in Papua New Guinea appears to have been finally crushed, with the PNG troops taking control of a big copper mine that was the first major casualty of the
    255 words
  • 377 16 Bloomberg Business News NEW YORK Four of the United States' largest retailers, Wal-Mart Stores, Home Depot, JC Penney and Dayton Hudson, have posted higher fiscal second-quarter earnings, citing sales increases and, in most cases, better profit margins. Dayton Hudson led the
    Bloomberg Business News  -  377 words
  • 1067 16  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent TWENTY years ago, a US business magazine warned that venturecapital financing might become the "biggest mousetrap of the *****". Sure enough, the trap closed on unwary investors who rushed
    1,067 words
  • 227 16 Reuter FRANKFURT The Bundesbank holds its first meeting after the summer recess today amid increased speculation of another cut soon in German interest rates. More and more economists said the Bundesbank could act as early as today's central bank council meeting but some
    Reuter  -  227 words
  • Page 16 Advertisements
    • 118 16 I MARKETING" I Confucius Meet Uncle Sam Khaw And Sons has an established reputation in the teaching of Mandarin. It now has an uncle, Uncle Sam. We offer teaching in the subtleties of the American idiom, using current events, business practices, foreign policy, history, and even humor to exemplify the
      118 words
    • 14 16 CMMKFTING I Tomorrow in Business Times JLW International Jones Lang Wootton Tel: 220 3888
      14 words

  • COMPANIES & MARKETS
    • 409 17  -  By Joseph Rajendran SINGAPORE Computer maker IPC Corp yesterday reported a significant jump in interim sales, adding that it had turned around its US operation. Chairman and chief executive Patrick Ngiam said the Asia-Pacific made a strong contribution to overall performance, with
      409 words
    • 403 17  -  By Genevieve Cua SINGAPORE Haw Par Brothers International announced strong interim results yesterday, due mainly to a surge in investment income. Group net profit rose 65 per cent to $19.75 million on 10 per cent growth in turnover to $178.51 million. But the star
      403 words
    • 402 17  -  By Lilian Ang SINGAPORE United Overseas Land (UOL) chalked up a marginal 5 per cent increase in interim net earnings to $19.12 million for the period ended June 30, 1994. This is despite a lacklustre performance by its subsidiary, Hotel Plaza, which recorded
      402 words
    • 800 17  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE Investors' faith in local banks has not been misplaced. The six local banking groups have lifted their interim earnings by an impressive average of 44 per cent. Excluding the smaller Keppel Bank and Tat
      800 words
    • 255 17 Elec Eltek likely to launch US$ IPO today SINGAPORE Main board aspirant Elec Eltek International Co, a subsidiary of Hongkong's Elec Eltek International Holdings, is expected to launch an initial public offer today denominated in US dollars. The offer, underwritten by recently formed Primeast Capital Group, is believed to be
      255 words
    • 174 17 SINGAPORE First Engineering's initial public offer closed yesterday 24.7 times subscribed, drawing more than $91 million in application monies. It attracted almost 30,000 applicants, many of whom put in bids of multiple lots, a source said. Yesterday, the stock market was alight, with nearly
      174 words
    • EYE on your STOCKS
      • Article, Illustration
        42 17 Firm Market Alood indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled Fraser. OA 6oh. Morgan Grenfell. Nomura. Phillip. Smith \Vu Court. I at I at and HI Carr.
        42 words
      • Article, Illustration
        129 17  -  By Quak Hiang Whai Magnum Corporation is having a good run, closing four cents higher yesterday at the resistance point of $3.60. While there are some bearish divergences in its daily indicators, namely its daily KSI and daily MACD, the stock still has some room to move up.
        129 words
    • COMPANIES
      • 67 18 SINGAPORE Material Handling Engineering informed the Stock Exchange of Singapore yesterday the firm's directors are unaware of any reason for the increase in the share price and turnover of the company's shares. It was responding to a phone enquiry from the SES. Yesterday, the
        67 words
      • 70 18 SINGAPORE Tong Meng Industries has reported a 32 per cent jump in group net profit to $648,000 for the half-year ended June 30, 1994. Its interim group earnings per share was 8 cents, up from 6 cents previously. But its half-year group turnover fell
        70 words
      • 47 18 SINGAPORE DBS Bank announced last night it has extended a short-term revolving credit facility to China's Shandong International Trust and Investment Corporation. The funds will be used to meet the company's working capital needs. DBS did not disclose details of this loan.
        47 words
      • 64 18 SINGAPORE Van Der Horst has entered into loan agreement with seven banks for a three-year US$5O million (5515.5 million) multi-currency revolving facility. It will use the loan for its working capital requirements. The banks are Deutsche Bank, National Westminster Bank, Overseas Union Bank,
        64 words
      • 31 18 SINGAPORE —Overseas Union Securities has announced that its group's unaudited net tangible asset backing per share was $3.05 as at July 31 this year.
        31 words
      • 29 18 SINGAPORE Sunshine Allied Investments has announced the appointments of Sushil Premchand as chief operating officer and Michael Chu Siu Yin as chief financial officer.
        29 words
      • 63 18 Bloomberg Business News KUALA LUMPUR Hotel company Landmarks Bhd said it has no stake in a proposed casino and entertainment complex near Pretoria, contrary to newspaper reports. The Star and South Africa's Business Times said the company had invested in a MS4OO million (*****
        Bloomberg Business News  -  63 words
      • 128 18 IN OUR STORY yesterday, headlined "Seapower's takeover to spearhead Richard Li's push into China, India", we reported that merchant banker Baring Brothers, acting as financial adviser to Mr Li's Pacific Century Group, had said Seapower Asia would send shareholders a circular recommending the takeover ofFer. This is
        128 words
      • 361 18  -  From Al Labita in MANILA TYCOON Eduardo Cojuangco yesterday asked an anti-graft court to nullify the sale of sequestered shares in San Miguel Corp (SMC) to a state-run pension fund. In an 11-page motion, Mr Cojuangco said the sale was illegal
        361 words
      • 508 18 Reuter KUALA LUMPUR Malaysia's stock market has awoken from its slumber, but analysts said yesterday the rise in share prices was most likely a bubble and not a bull run. The Kuala Lumpur Stock Exchange's benchmark Composite Index was languishing below
        Reuter  -  508 words
      • 467 18  -  From Al Labita in MANILA THE Manila Securities and Exchange Commission (SEC) has "frozen" the 1.2 billion pesos (Ss6B million) stock rights offering of one of the Manila companies of tycoon Robert Kuok. The freeze follows discovery of possible violations of Manila's disclosure
        467 words
      • 285 18 SINGAPORE Interim aftertax profit at marine and civil construction group Promet Bhd was sharply higher at MS 12.1 million (557.15 million) compared with M 5672,000 for the corresponding period last year, probably because of a change in accounting treatment. Announcing its
        285 words
      • 166 18 AFP MANILA JG Summit Holdings Inc, holding company of ethnic Chinese tycoon John Gokongwei, yesterday said interim net profit rose 5.8 times to 4.94 billion pesos (***** million) in the six months to June. The company enjoyed a net income of 4.94
        AFP  -  166 words
      • 309 18 AFP KUALA LUMPUR Malay-sian-based TA Securities yesterday said it was buying an 85 per cent stake in an Indonesian stockbroking firm, Swadana Cipta Efekindo (SCE), to become the third brokerage to expand into Indonesia in the past three months. TA Securities,
        AFP  -  309 words
      • 251 18  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIA'S top power cable maker Leader Universal Holdings Bhd said yesterday it and two partners have opened talks with the Cambodian government to build a power plant in Phnom Penh that will cost US$lOO
        251 words
      • 206 18 SINGAPORE The Stock Exchange of Singapore last night asked Liang Huat Aluminium to explain the "sharp increase" in recent turnover of the company's shares. In a letter to the firm, SES drew attention to the exchange's corporate disclosure policy, demanding immediate disclosure
        206 words
      • 324 18 Bloomberg Business News BANGKOK The Oriental Hotel (Thailand) pic yesterday said profit for the second quarter ended June 30 rose 225 per cent to 22 million baht (551.32 million) from 6.8 million baht. Earnings per share were 0.69 baht compared to 0.21
        Bloomberg Business News  -  324 words
      • 520 18 MaMfVt' prtcct Aug 18 Mendaki Gr Fund 1.21 1.240 T US Or Fund 1.01 105 s UMI IreSl ittiD yu u The Commerce 1.66 1.76 I* The Savings Fund 1.60 1.69 Unifund 1.54 1.60 S'porc Prog Fund 0.71 0.75 Unibond+ 1.035 1.060 S pore Set Fund 1.04 I lOxd United
        520 words
      • COMPANY BRIEFS
        • 70 20 Bloomberg Business News ZURICH Asea Brown Boveri, the Swedish-Swiss heavy engineering company, yesterday said first-half net profit rose 31 per cent to US$322 million (Ss4B3 million) from US$245 million a year earlier. ABB said sales were little changed at US$l3.l billion from US$l3.OB billion.
          Bloomberg Business News  -  70 words
        • 65 20 Bloomberg Business News PURCHASE, New York PepsiCo Inc yesterday said it would resume buying back its shares, less than a month after it said it stopped. "With our seasonally strengthening cash flow and the relative valuation of our shares lower than it's been in years, buying
          Bloomberg Business News  -  65 words
        • 67 20 Bloomberg Business News HONGKONG Toy, computer equipment and household goods aker Herald Holding Ltd posted a 133 per cent increase in net profit for the year ended March 31, but nearly all of this was due to an exceptional disposal of property. Profits
          Bloomberg Business News  -  67 words
        • 108 20 Bloomberg Business News LONDON Music company Phonogram, the UK unit of PolyGram NV, is expected to lodge a counter suit in London to block American Recordings from dealing with any other distributor outside the United States. The Financial Times yesterday said Phonogram claimed American Recordings
          Bloomberg Business News  -  108 words
        • 87 20 Bloomberg Business News HONGKONG Hotel operator Shangri-La Asia Ltd exceeded analysts' expectations with a 29.2 per cent increase in net profit for the six months ended June 30. "It's a pretty good result, well above our forecast, and I think it bodes very well for
          Bloomberg Business News  -  87 words
        • 61 20 Reuter FRANKFURT Deutsche Lufthansa AG yesterday said it was aiming to launch the first tranche of its two-tranche rights offer next month. "The share offering will probably come in September," a spokesman said. He said Lufthansa was working towards that goal but stressed that the
          Reuter  -  61 words
        • 51 20 Reuter SYDNEY Aluminium manufacturer Alcan Australia Ltd yesterday said it had appointed JT Dominguez as a director. Mr Dominguez, 55, is chairman of SBC Australia Ltd and has been a member of the stock exchange since 1972. Alcan Australia became an independent aluminium company last month.
          Reuter  -  51 words
      • 463 20  -  From Lim Soon Neo in HONGKONG WHARF Holdings, one of the largest foreign property investors in Singapore, yesterday reported a 26 per cent increase to HK$ 1.737 billion (Ss34o million) in interim group profit attributable to shareholders. This was in
        463 words
      • 324 20 Reuter SYDNEY Dissident shareholders which control under 20 per cent of Goodman Fielder Ltd yesterday said they have requisitioned an extraordinary general meeting to review the composition of the board of Australia's largest food company. The shareholders include Australian Mutual Provident Society
        Reuter  -  324 words
      • 441 20  -  From Lim Soon Neo in HONGKONG QINGLING MOTORS Company Ltd, the 11th H share on the Hongkong stock exchange, made an encouraging debut yesterday, closing 33 per cent above its issue price of HKS2.O7. After hitting a high of HK$3, the share
        441 words
      • 425 20 Third quarter earnings jump 28pc, in line with worldwide rise in orders NYT SAN FRANCISCO Hew-lett-Packard Co reported earnings on Tuesday that were higher than Wall Street estimates, sending its stock price soaring. Hewlett-Packard attributed the strong results primarily to growth in computer sales and
        NYT  -  425 words
      • 219 20 Bloomberg Business News AUCKLAND The business year is off to a good start for New Zealand forester Carter Holt Harvey Ltd after last year's 34 per cent rise in net profit, the chairman said. In a speech prepared for yesterday's annual meeting,
        Bloomberg Business News  -  219 words
      • 644 20 Bloomberg Business News FREMONT, California Media Vision Technology Inc, trying to reorganise in bankruptcy court, managed to stanch much of the red ink in its second quarter but said its cash is nearly gone and it needs new financing. In results
        Bloomberg Business News  -  644 words
    • FOCUS
      • 615 21 Impact of US Federal Reserve's interest rate hike Los Angeles Times Washingion Post WASHINGTON Tuesday's half-percentage-point increases in two key interest rates bolder moves than many economists had anticipated have pushed the US rates to their highest levels in three years. The
        Los Angeles Times; Washingion Post  -  615 words
      • 526 21 Bloomberg Business News HONGKONG The Hong Kong Monetary Authority (HKMA) yesterday raised the rate at which it lends shortterm money to banks half a percentage point to 5 per cent. The rate rise was "in line with the increase in
        Bloomberg Business News  -  526 words
      • 412 21 Bloomberg Business News LONDON For months British financial markets have been gripped by fears of a swift rise in interest rates in the second half of 1994, but the tide may have turned. Not for the first time this year inflation figures suggest
        Bloomberg Business News  -  412 words
      • 447 21 Bloomberg Business News Reuter SYDNEY The Reserve Bank of Australia yesterday stunned domestic financial markets, lifting the official interest rate for the first time in five years by three-quarters of a percentage point to 5.5 per cent. The move came just
        Bloomberg Business News; Reuter  -  447 words
      • 530 21 Reuter TOKYO The latest halfpoint rise in the US discount rate is unlikely to prompt a shift in the Bank of Japan's (BOJ) current mildly accommodative credit stance, economic policy-makers and analysts yesterday said. "The latest US rate
        Reuter  -  530 words
      • 148 21 AFP FRANKFURT The Bundesbank will very likely cut its base interest rates either today or on Sep I, the usually wellinformed Frankfurter Allgemeine Zeitung (FAZ) said yesterday. The paper, which quoted senior Bundesbank officials, said the bank's central council
        AFP  -  148 words
    • FINANCE & COMMODITIES
      • 567 22 Reuter TOKYO Major Japanese brokers are unlikely to hit their earnings targets in the first six months of fiscal 1994/95 because of lacklustre trading on Tokyo's stock exchange, industry sources and analysts said yesterday. "We expect the earnings of the Big Four and
        Reuter  -  567 words
      • 555 22 Reuter HONGKONG China's apparent withdrawal from world corn trade has confounded an industry used to interpreting oblique clues, but one thing all industry sources agree on is that Beijing's main motivation is money. Some industry sources said on Tuesday that China was
        Reuter  -  555 words
      • 489 22 Bloomberg Business News HOUSTON Exxon Corp on Tuesday said it agreed to sell two mines, representing nearly two-thirds of its worldwide coal production, to Peabody Holding Co, the biggest US coal producer. The leading oil company's Rawhide and Caballo
        Bloomberg Business News  -  489 words
      • 197 22 Reuter BEIJING Floods have forced the closure of 1,800 oil wells in north-east China, with economic losses running at up to 1.2 billion yuan (SS2II million), a pro-Beijing newspaper in Hongkong said yesterday. Daily production at the Liao River oilfield, the country's third
        Reuter  -  197 words
      • 238 22 Bloomberg Business News BEIJING One of Chinese eight new commercial banks, the Everbright Bank of China, recorded a 49.7 per cent jump in assets in the first half of the year, to more than 15 billion yuan (552.64 billion), the staterun media
        Bloomberg Business News  -  238 words
      • 188 22 Bloomberg Business News BEIJING China's banks were awash with cash in July, as deposits soared and lending increased sharply, the official Economic Daily reports. Banks and credit cooperatives attracted 92.3 billion yuan (SSI6 billion) in deposits last month, about seven times the
        Bloomberg Business News  -  188 words
      • 97 22 THE SINGAPORE dollar closed unchanged from Tuesday despite the slight weakening of the US dollar against the majors. The Malaysian ringgit traded in a narrow band. Good selling interests remain above 2.5630. Bullish sentiments prevail but there is some hesitation to bid the currency beyond
        Charts by Dow Jones Telerate  -  97 words
      • 183 22 Reuter LONDON The dollar was mixed in midday trade, with most dealers cautiously assessing the near-term direction of the US unit. Opinion was split over the dollar's fate, but several analysts said there was growing perception among investors that investment opportunities remained more attractive abroad despite official rate increases
        Reuter  -  183 words
      • 85 22 AFP NEW YORK The dollar was trading mixed against other major currencies in light trading early yesterday while dealers evaluated the effects of the Federal Reserve's halfpoint short-term interest rate boost on Tuesday. "It's the calm after the storm," said one trader. Around 1345 GMT, the dollar was
        AFP  -  85 words
      • 165 22 ENERGY REPORT Reuter LONDON Oil prices were little changed from the lower levels reached in the past few days amid a lack of fresh developments. Benchmark Brent crude futures for October delivery stood at USS 16.70 a barrel at 1611 GMT, up
        Reuter  -  165 words
      • Article, Illustration
        1701 22 I imir\ ixtknlaml afam\i S'/xwe's l<i> 14 irtkltnt partner* Ba« year /«.!< US$/S$ forward rates Noon Aug 17 ss Bid Oder 1-month I SOS} i S069 2-month 1.5047 I 5061 i-month 1.5038 1.5052 6-month 1.5002 1.5022 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am en Aug 17 Singapore dollars
        1,701 words
    • COMMODITIES & FUTURES
      • 1262 23 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars ended sharply higher in heavy trade yesterday, while Euroyen and Japanese government bond (JGB) futures were also firmer after trading a narrow range. Dealers said market sentiment for Eurodollars was upbeat after the Federal Reserve Board raised
        Reuter  -  1,262 words
      • 696 23 COMMODITY REPORTS Rubber TOKYO: Rubber futures recouped some of the losses made in the last five trading days to end in the positive column. Traders said active short-cover-ing and some bargain-hunting were behind the rally. Benchmark January ended at 119.2 yen per kg, up 3.0.
        696 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 55 23 HONGKONG China plans to establish another 100 wholesale commodity markets nationwide in the next few years, Xinhua News Agency reported yesterday. The government will set up several types of specialised markets by 2000, including grain, cotton, sugar, paper, tea and livestock. China now
          55 words
        • 64 23 TOKYO Production of aluminium sheets and extruded products by Japan's seven major fabricators totalled 126.807 tonnes in July, up 6.4 per cent from a year before. Production of aluminium sheets rose 7.3 per cent in July from a year before to 98,749 tonnes. Production of
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        • 129 23 SYDNEY Australian barley production could fall to around 3.7 million tonnes in 1994-95 (July- June) from 6.8 million tonnes in 1993-94. The national crop has been devastated by drought in Queensland and New South Wales, while there has been a swing out of barley in
          129 words
        • 70 23 TOKYO A likely drop in Japan's 1994-95 (OctSep) sugar production is not expected to lead to an increase in 1995 raw sugar imports because of a decline in demand and the availability of cheaper substitutes. Sugar production in southern Japan is seen falling again
          70 words
    • 1468 23 Rubber Singapore Commodity Exchange (futures closing as at 5.30p«) RSS I Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 94 206.50 206.50 207.50 300 2450 Oct 196.75 180.00 194.25 1075 4400 Nov 182.50 180.00 180.50 225 4275 Dec 182.50 178.00 177.25 27S 5550
      1,468 words
    • REGIONAL STOCK MARKETS
      • 1108 24 19.5 STOCKS closed sharply firmer yesterday after the Reserve Bank of Australia lifted the official interest rate by 75 basis points to 5.50 per cent from 4.75 per cent. "At long last, the big, black cloud of uncertainty over a hike in rates has disappeared over the horizon," said
        1,108 words
      • 611 24 18.10 Share prices continued rising with the effect of the US Federal rate hike largely being discounted, analysts said. The PSE Index rose 18.10 points to 3,029.70. Turnover was 4.54 billion shares valued at 1.852 billion pesos. Not all stocks did well. The Philippine National Bank, the country's largest
        611 words
      • 566 24 +62.0 Stocks ended higher in modest trading, with plastics and chemicals shares enjoying the largest gain, dealers said. The 376-issue Weighted Price Index put on 62 points to settle at 6,645.9. Turnover swelled to 1.39 billion shares valued at NT569.94 billion. The market opened slightly high and selective buying
        566 words
      • 466 24 +3.06 Share prices ended mixed but marginally stronger, retreating from a two-day losing streak. The Composite Price Index edged up 3.06 points to settle at 942.96, with turnover swelling to 21.6 million shares worth 512 billion won. Falls outnumbered rises 580 to 239. Among them, 81 counters hit the
        466 words
      • 309 24 18.49 The share market took a positive view of the tightening of monetary conditions in both the US and Australia to end the day firmer. Brokers said selling in the leadup to the rate hikes may have been overdone, leaving stocks nowhere to go but up. The rate
        309 words
      • 85 24 11.18 Shares closed with marginal gains as fresh purchases by foreign investors and speculators were neutralised by selling from local mutual funds and financial institutions, brokers said. The 30-share BSE Sensitive Index closed at a provisional 4,507.02 points, up 11.18. The 100-share National Index closed 7.90 down at 2,121.76.
        85 words
    • WORLD STOCK MARKETS
      • 707 24 Britannia Funds Sierliag Cash Bid Offer M.m Cap Deposit 38 6400 II6500 Mim Jerwv Gill 0 I8«*3 0 1992 Mim Ma> Income 0 9100 0 9400 L'SS Cash Income Plus Fund *9 4900 *10 0000 PS Reserve Fund 5 2900 5 3000 Sterling Lquity Euro Performance 0 4592 0 4918
        707 words
      • 692 24 +43.0 STOCKS surged to their highest level since March after the government reported that British inflation fell to a 27-year low in July. The FT-SE 100 Index rose 43 points to 3,190.3, led by rising shares of HSBC Holdings, National Westminster Bank and Glaxo Holdings. Reports of falling retail
        692 words
      • 172 24 +22.63 French shares ended the session with strong gains, ignoring a turnaround in bond prices during the afternoon to extend gains in the last 15 minutes of trade. However, dealers said volume was small. After the US rate hike on Tuesday, which sparked yesterday's rise, many investors were waiting
        172 words
      • 176 24 19.15 German stocks ended firm but off highs as bund futures prices weakened and early US interest dwindled, dealers said. Post-bourse prices are seen to be steady but players remain nervous of US markets and today's Bundesbank meeting. The DAX Index ended up 19.15 points at 2,162.29 but off
        176 words
      • 158 24 +4.21 Belgian stocks rose following gains on Wall Street, after the Federal Reserve ended uncertainty about US interest rates. The Bel-20 Index climbed 4.21 points to 1,460.58. Many investors are on holiday, which limited gains, analysts said. Investors will today focus on the Bundesbank council meeting, which will decide
        158 words
      • 160 24 -159 Italian stocks fell as continued worries about the government's budget deficit snuffed out an early rise. "This is going to be a nervous market until we get something concrete about what the government is going to do with the budget." said a trader. The market had opened higher,
        160 words
      • 270 24 +0.73 Dutch stocks rose for a third day as bonds gained on prospects for low inflation in the US and Europe. But the EOE Index of 25 leading stocks closed below, its intraday high as bonds gave up their gains and shipping company Royal Nedlloyd Group fell on disappointing
        270 words
      • 122 24 +5.35 Swedish shares ended a volatile day higher supported by strong foreign bourses and positive six-month earnings results. The OMX Index was up 5.35 points at 1084.13 in healthy turnover of 2.40 billion crowns. "I do not understand anything of what is happening on the bourse right now," a
        122 words
      • 265 24 10.6 Swiss shares ended firmer in increasing volume. Dealers said firmer US markets overnight after Tuesday's rate hike had helped shares from the beginning. The SMI Index closed up 10.6 points at 2,599.3. The broader SPI Index was up 6.18 to 1,726.10. Dealers said the interest rate hike in
        265 words
      • 296 24 +48 South African shares mainly golds and mining financial ended sharply higher yesterday with local buyers encouraged by positive sentiment after the US rates rise and on a better gold price, dealers said. The Overall Index closed 65 points up at 5,827, the Industrial Index gained 48 to 6,617
        296 words
      • 240 24 -2.20 Stocks eased in early trading as the market looked for direction after digesting Tuesday's US Federal Reserve rate increase. Losses in precious metals, energy and transportation offset gains in communications, pipelines and metals. The TSE-300 Composite Index fell 2.20 points to 4,200.60 on volume of 11.7 million shares
        240 words
      • 736 24 +2.27 The Dow Jones Industrial Average was ahead 2.27 points to 3.786.84 at Nam EDT. It was ahead 10.04 points shortly after the market opened. The New York Stock Exchange Composite Index was ahead 0.25 to 256.50. while Standard Poors 500-stock Index was up 0.49 to 465.50. Advances
        736 words
    • Article, Illustration
      3009 25 Bloomberg Business News HONGKONG Stocks rose in response to the Federal Reserve's move on Tuesday to boost interest rates to head off inflation. Although the increase had been largely anticipated, the Fed's move eliminated the final doubts over how much the increase would be and when it would come.
      Bloomberg Business News; Source: Bridge Info  -  3,009 words
    • Article, Illustration
      524 25 CLSA SHANGHAI B counters traded mixed with turnover of US$4.9 million. The index closed 2.17 points up at 884.08. Material Centre led the market, gaining 7.6 per cent to US$O.3l. Turnover in Shenzhen was active, doubling to HK$ll.B million. Trading was concentrated on five counters: China Bicycle, China Containers,
      CLSA  -  524 words
    • Article, Illustration
      2542 25 Reuter TOKYO Stocks ended the day a touch higher on the back of heavy dealer buying, although an absence of sellers and some public fund buying also helped. The Nikkei Average ended ahead 38.20 points or 0.18 per cent at 20,824.56, with an estimated 330 million shares traded. The
      Reuter; Source: Bridge Info  -  2,542 words
    • Article, Illustration
      1823 25 Reuter BANGKOK Stocks closed higher, buoyed by the US interest rate hike, with new listing Dynamic Eastern Finance dominating trading all day. The SET index rose 11.77 points to 1,473.48, after peaking at 1,479.03 at midday. Turnover was a heavy 20.45 billion baht. Dynamic Eastern's debut yesterday was the
      Reuter; Source: Bridge Info  -  1,823 words
    • 2521 26 MOST ACTIVE volume Renong Bhd 50c I J.879.000 Berjaya L Wt99 12.889.000 Mulpha Intl 50c I > 440 000 Fiber Group 11.547.000 Asia I'ac Ld 11.117.000 Idris Hyd 50c 9.622.000 ICiB Corpn TSR 9.211 000 Mult i- Purpose 8.711 000 Promcl 8.496 000 Ind Oxygen Wt95 8.018.000 Kamunting
      2,521 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6282 26 Bloomberg Business News KUALA LUMPUR Stocks rose to a five-and-a-half-month high as investors responded to positive economic news at home and ignored rising US interest rates. The Composite Index rose 17.96 points to 1,126.14. The broader Emas Index went up 6.51
        Bloomberg Business News; Source: Bridge Info  -  6,282 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8097 27 f Transaction dale: Aug 17 Cr Gr M tti 1994 lM Vol Da> Lm Quoit Di» Di» VU Net < \»g High Lo« (MfU) Sale (TOO) High I jr. Bwvc. Seller C.r P/F. Vail Prire INDUSTRIAL AND COMMERCIAL 1440 83) I t Aetna 1000 30 92 1000 97) 99S 1000
        8,097 words
      • 1992 28  -  By R Sivanithy SINGAPORE A convincing overnight performance on Wall Street spilled over here yesterday, sending prices to their highest levels in almost six months. Dealers were pleasantly surprised by the wave of buying that pushed the Straits Times industrials Index 35.83
        Charts by Bridge Info; Source: Bloomberg  -  1,992 words
  • Page 17 Advertisements
    • 198 17 NEWS VALUE How today's news might affect your stocks Govt unveils plan to lift landed property supply (pg l) Not likely to impact on property stocks, at least not yet. Regional markets rise 2pc in response to US rate hike (PR I) Follow-through buying can be expected, given the momentum.
      198 words

  • Page 18 Advertisements
    • 171 18 YEARBOOK hksi WHO TRADE TREND 1000 DOMESTIC EXPORTB A RE-€XPO«TB CM—< —m —psiH) m a I I The complete source of Hon® Kong Information: facts, figures, mo _JL IBS establishments, the envlroment, etc. 400 1-p-1.1.1. Packed with beautiful photographs. aoo —H-I- 1-1-1-1' R#vtew chapter by Sir David Ford: a A
      171 words
    • 6 18 Dividends table has been held over
      6 words

  • Page 19 Advertisements
    • 1145 19 The Urban Redevelopment Authority is offering for sale 6 parcels of residential land, 1 parcel of residential/commercial land and 56 unrestored I conservation parcels on 99-year lease. Intended for landed and condominium/apartment development, the residential land parcels are expected I J rTpH J to generate about 700 dwelling units and
      1,145 words

  • Page 20 Advertisements
    • 92 20 BEHIND EVERY SUCCESSFUL COMPANY, THERE IS A LEUWICO OFFICE FURNITURE SYSTEM IiBI And that is true. Because Leuwico is specially designed to meet every organisation's need of creating their workplace condusively. With height adjustable desk as one of the main features, Leuwico comes in attractive designs to provide a positive
      92 words

  • Page 21 Advertisements
    • 395 21 THE ASSOCIATION OF INTERNATIONAL ACCOUNTANTS BRITISH GOVERNMENT RECOGNITION OF THE ASSOCIATION OF INTERNATIONAL ACCOUNTANTS AUDIT QUALIFICATION THE DEPARTMENT OF TRADE AND INDUSTRY announced on 11 July 1994 that it had recognised the accountancy qualification offered by the Association of International Accountants (AIA) as a Recognised Professional Qualification for company auditors
      395 words


  • Page 23 Advertisements
    • 191 23 Canadian International School (Singapore). The School, which is fully accredited by the Ministry of Education in Ontario, Canada and registered with the Ministry of Education in Singapore, offers tuition to students from Kindergarten to the OAC (Pre U) level. Instruction provided by professionally certified Canadian teachers. An internationally rccognizcd diploma
      191 words
    • 36 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 737-1166 Business heats up M. iV when you make the call and place an ad. 737-1166
      36 words

  • Page 24 Advertisements
    • 118 24 fit P Si tjj/JJ ffl T iJB When you buy Philips 255X8761 or 295X8771 models, you can get an Executive Wpidi yl|l r Hlrlllr' l JailmUm' n a Bag, absolutely free. While stocks last. 4 ja JpfijjfrS* I And that's not all. You can buy these TVs at a very
      118 words

  • Page 25 Advertisements
    • 82 25 Luxtime Stngapore Pte Ud, r "l Singapore 0923 Tel: (65) *****78 Fax (65) *****74 The Indonesian stock market was closed yesterday for Independence Day holiday. I Tf onjy my boss would J I respond -to the9e ads... A Any Job. any Career. ji Available Any Day. Any Time, anywhere. f
      82 words


  • Page 27 Advertisements
    • 95 27 BHHr Since 1733 there has J NEVER BEEN A QUARTZ BIANCPAIN WATCH. And there never will be. mi Slnfaporc llli; IKXJK CI ASS l.ucky PU/d TH *****2W1 Sculls. 1W *****27/71<« Ccmrnxmx TV 7MIS"MMOI (VniONuU Plj/j TH IJ7HIOWJIKS66I Wi*M Tld<lc Ccnlrc TH. *****07 9^ PaiawßciuissaiKv 'fel *****62/541* Rallies 1W ChangiAirport 542«J06"#U
      95 words

  • Page 28 Advertisements
    • 334 28 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF T3S ASIA PACIFIC PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting signed by the Representative of Holding Company relating to Proceedings of Subsidiary Company pursuant to Section 179(6) of
      334 words
    • 276 28 In the Matter of THE COMPANIES ACT. CAP. BO And In the Matter of FULHAM PRIVATE LIMIT ED At an Extraordinary General Meeting of FULHAM PRIVATE LIMITED, duly convened end held at 100 Jalan Sultan, #0700, Sultan Plaza, Singapore 0719 on the 12 August 1994, the Special Resolution set out
      276 words
    • 138 28 This announcement appears as a matter of record only VAN DER HORST LTD (Incorporated with limited liability in Singapore) U5550,000,000 REVOLVING CREDIT FACILITY Lead Managers Deutsche Bank AG, Singapore Branch Nat West Markets, Singapore Branch Overseas Union Bank Limited Managers BHF-BANK, Singapore Branch Istituto Bancario San Paolo di Torino SpA,
      138 words
    • 153 28 NOTICES LOST SHARE/LOAN STOCK CERTIFICATES The following Sharert_oan Stock (LS) with the relevant signed transfer deeds have been repotted lost or destroyed:FAR EAST LEVINGSTON SHIPBUILDING LTD Certificate No In the name of No. Of Shirt« *****33 HSBC (S) Nominees Re Ltd 1 x 1000(Wrts) SINGAPORE BUS SERVICE (1978) LIMITED ******18/21
      153 words
    • 593 28 NOTICE IS HKRKBY GIVEN lhat the 10th Annual General Meeting of the shareholders of Polytek Wearnes Holdings Limited will be held at Executives' Club. 65 Chulia Street, #33-00, OCBC Centre, Singapore 0104 on Friday, 9 September 1994 at 10.30 a.m. for the following purposes:1. To receive and adopt the Audited
      593 words

  • SHIPPING TIMES
    • 493 29 Knight-Ridder .LONDON An improvement in freight rates for Capesize tonnage has led to a reduction in secondhand sales candidates for this size of vessel, say brokers. UK shipbrokers Gibson report that period rates for new buildings are close to US$2O,OOO (5530,200) per day,
      Knight-Ridder  -  493 words
    • 531 29 AP Bangkok More than three years after a chemical explosion and fire in Bangkok's port spread toxic fumes through a slum, residents are still suffering and dying. Klong Toey slum dwellers blame the March 1991 disaster for their ills. Social workers say
      AP  -  531 words
    • 820 29 Page Col Accord Group 8 1-3 Ahlers Lines 13 5 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 2/3 •Bait Orient Line 7 4/5 •Bank Line, The 9
      820 words
    • 138 29 Knight-Ridder HAMBURG German shipbuilders increased standing orders during the first half by 700 million marks (*****.2 million) to 9.9 billion marks, said Volkhard Meier, managing director of the German Association of Shipbuilders and Marine Technology on Tuesday. The intake of new orders totalled
      Knight-Ridder  -  138 words
    • 303 29  -  By Rahita Elias SINGAPORE Hongkong handled 3.18 million 20-foot equivalent containers (TEUs) in the first four months of the year. According to figures released yesterday by the British colony's Marine Department, the port achieved year-on-year growth of 20 per cent in
      303 words
    • 141 29 Knight-Ridder JOHANNESBURG South African port authority Portnct said on Monday it handled 12.95 million tonnes of cargo in June, 2 per cent down on the 13.51 million tonnes handled in June last year. Landed cargo made up 3.26 million tonnes and shipped cargo
      Knight-Ridder  -  141 words
    • 341 29 Reuter JUNEAU, Alaska Twenty water sites still polluted from the 1989 Exxon Valdez oil spill are included in a list of 122 waterways the state of Alaska has described to federal officials as impaired. The Alaska Department of Environmental Conservation (DEC)
      Reuter  -  341 words
    • 442 30 FT ROVER Group, the leading UK car maker and a subsidiary of BMW of Germany, is planning to develop a new range of smaller Land Rover four-wheel drive vehicles as part of an ambitious five-year new model investment programme. The group is
      FT  -  442 words
    • 14260 38 This is a list of ships loading at Singapore Tor ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      14,260 words
    • 3343 43 •A Xm.BC ontainerline N V: Belsin Shpg •Agencies Pte Ltd (SyMarine Handling Jdn Bhd (PK/PN). •Accord Group: Accord Shpg Pte Ltd tSyAccord C'ontr Line (PK/PN). Business Corporation Philippine Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Xlrdg(S). •Albatros Sea-Air Service: Frata Shpg Pte ltd (S). "Alfred
      3,343 words
    • 279 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898 Air Express Travel Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporal ion 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 Sen
      279 words
    • 1509 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454 Fax: *****06 Air Express International Td: 542-7666. Fax *****74. *****50. Air
      1,509 words
    • 2507 44 ALBANIA Durres: Vessels operating: 1 chrome ore loading, 1 Hour discharging, vessels in roads awaiting berth: 2 to diuscharge flour, kerosene. 1 to load chrome ore. ARGENTINA Santa Ke, Diamante: No vessels berthed, none in roads, none due. San Lorenzo: Five vessels berthed of which 2 loading soya
      2,507 words
    • 378 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dtp Name of Vessel ETA LID Forts of Calls Port Agent telephone No AUGUST 18 18 The Empress 1630 2030 Port Klang Scmjom Agencies 227-8284 19 19 Leisure World 1000 2015 Port Klang New Century Tours 227-8284 Corporation 19 19 Langkapuri Star 1600 2030
      378 words
    • 594 44 SHIP SALES TANKER RATES AFP ALTHOUGH it was expected that the holiday season would take effect earlier we are only now beginning to see the level of interest dropping off. Whilst we still have a number of sales to report, the general responses from buyers in the Mediterranean areas, especially
      AFP  -  594 words
    • SHIPS IN PORT
      • 532 45 W» Barth Anhd Dppartot Vtud Voy No Bcrllt Arrival Departure DtraSodor 07/94 POU 1808/0700 20 01/7300 Batam Baru B343 )1 Mfsik 18.08/2300 DM 2030 H P03 1808/0230 1808/1500 Batan Mam 08/04/34 12 atonpdt 1808/2315 DM 2177 19 P03 1708/1500 1808 0630 M Lestan 1X3 11 18.08/2100 Elena
        532 words
      • 1328 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT Fa CONTAINERS AMP LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Aa Jade 1MB 19/1100 1A 17/1500 17/1659 17/1900 3 18/0700 18/1159 18/1400 4 18/1200 18/1459 18/1700 On Lotus 055A 20/1500 4
        1,328 words
      • 883 45 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
        883 words
      • 562 45 CafeM Catan DaraAy *atar Mte Mi Wiintii Mtamt Dm* Mar KoMm M Nwttan MM 1M/M M/M Loot Lom KG/IT3 *V/V %M/M 1 M/M PPM method KG/T3 V/V M/M X M/M PPM metfnd Eastern USA 180 Am 983 0.3 14.4 0 09 10 0.02 n/CtacUASpcES »1 U
        562 words
    • 1420 46 All over the world shipyards are competing for newbuilding orders and resorting to different tactics to carve out a niche for themselves J Fairplay COMPETITION for newbuilding contracts continues to increase as more yards enter the chase for orders. Political expediency is matched against efficiency as
      Fairplay  -  1,420 words
    • 1369 46 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,505 on Tuesday from 1,501 on Aug 15. Rates for Panamax and capesize vessels remained generally firm, but trading has been sluggish after holidays in Europe and the east on Monday, brokers said. The grain trades
      1,369 words
    • AIR AND LAND TRANSPORT NEWS
      • 423 48 Reuter TOKYO Japan Airlines Co Ltd (JAL) said it would scale back a cost-cutting scheme because of pressure from Transport Minister Shizuka Kamei, who objected to its plan to hire part-time stewardesses. JAL earlier this month announced that its subsidiary Japan Air
        Reuter  -  423 words
      • 168 48 Reuter WASHINGTON Federal aviation officials disclosed they have ordered US airlines to increase anti-terrorism measures following recent attacks on Jewish interests in several parts of the world. The Federal Aviation Administration said the order affects certain airports and flights, but gave no details.
        Reuter  -  168 words
      • 167 48 Reuter BRUSSELS European flights are facing increased delays after a two-year period of improvement, the Association of European Airlines (AEA) said. During the first half of 1994, 11.1 per cent of intraEuropean flights were late by 15 minutes or more, "reasonably good" figures and
        Reuter  -  167 words
      • 477 48 Reuter NEW YORK Cashstrapped Trans World Airlines Inc (TWA) may be forced to sell assets or seek outside financing to stay aloft, the company said in a report filed with the US Securities and Exchange Commission (SEC) on
        Reuter  -  477 words
      • 206 48 Reuter TAIPEI Taiwan Aerospace Corp (TAC) may seek China's cooperation in a venture to build passenger plarfes after negotiations with a British company stalled, TAC chairman Sun Tao-tsun was reported as saying yesterday. "Based on market considerations, TAC does not rule out the possibility
        Reuter  -  206 words
      • LOG BOOK
        • 69 48 AFP TOKYO Japanese aviation authorities have approved Air China's plan to operate regular flights between Beijing and Sendai in northern Japan. Transport Ministry officials were quoted as saying here on Tuesday. The Chinese airline plans to operate twice-weekly flights between the two cities, Kyodo
          AFP  -  69 words
        • 56 48 Reuter DENVER Continental Airlines Inc said it will cut daily services ofTered from Denver to four destinations from 26, effective Oct 30. The airline also said it will reduce services from Denver to London to a single weekly flight as a result of the elimination of
          Reuter  -  56 words
        • 68 48 AFP TOKYO The Japanese government will provide a grant of 3.4 billion yen (SSSI million) to Nepal to help improve Kathmandu's international airport, a report said here on Tuesday. The grant, to be extended over three years, will be used to improve radar and other
          AFP  -  68 words
        • 130 48 AFP PARIS State-owned airline Air France said its load factor had increased by 3.7 points to 76.6 per cent in July against the same month last year. For the first seven months of the year, the factor was up by seven points to
          AFP  -  130 words
        • 92 48 Reuter LONDON British Midland Airways said it is to sell a new business class season ticket for travel on its domestic UK air routes, starting next month. It said the Diamond Pass will offer travellers discounts of up to 38 per cent on standard business
          Reuter  -  92 words
        • 82 48 Reuter TOKYO Japan's Defence Agency will negotiate with Sumitomo Heavy Industries Ltd and Mitsubishi Heavy Industries Ltd to build two escort warships, an agency official said. The agency plans to conclude contracts for each company to build one ship by the end of the current
          Reuter  -  82 words
      • 198 48 AFP JAKARTA Two foreign airlines, Japan Asia Airways (JAA) and LTU International Airways of Germany, will open air links to Indonesia later this year, Antara news agency said yesterday. JAA, an affiliate of Japan Air Lines (JAL), was expected to operate flights six
        AFP  -  198 words
      • 1420 48 a* nm n* n»_ Mm MaM GF146 1120 GF147 1850 GA985 1130 SQ441 1505 GA883 1545 MataMa QF81 1925 QF82 2055 SQ228 1955 KL843 0505 KL838 2300 SQ25 0630 SQ26 2355 GA975 1205 KL837 1450 Mmm SQ347 0740 Aackiami SQ286 2040 BA1I 1505 SQ288 2045 Bakrakl
        1,420 words
      • 248 48 Bloomberg Business News STAMFORD, Connecticut, General Electric Capital Corp is expanding its car financing business in Taiwan, even as car and truck sales slow in the country. The Stamford, Connecticutbased financial services unit of General Electric Co said it agreed
        Bloomberg Business News  -  248 words
  • Page 29 Advertisements
    • 8 29 DIRECT CALL TO THURSDAY 8C SUNDAY HOTLINE *****37
      8 words
    • 28 29 Lines and service* represented by Members of the Registry of Accredited s h0«») Shipping Agents, Singapore National \3SLny Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      28 words
    • 51 29 the FAMOUS Causopi ■BESDniI 224 1833 For more information please refer to Pg. IS Rover to develop cheaper 4-wheel drive vehicle range, Page 2 Shipyards restructure to survive, Page 18 THINK TANK For a closer look at issues that matter. Analysis. Tuesday to Friday. Singapore m Business Times WE KNOW
      51 words

  • Page 30 Advertisements
    • 1854 30 J, JLI Hl\«[ I mpsm r«=, i import.... mi mm I Ma wt STQg la qm sa pal homstq* cmc in kucq on una stok net mo mwiomo mxmmm hmmm CALfOMA PEGASUS M 24-254 ICS 124 U.J 119 134 134 144 144 14.4 GLOMUS OOM *15 244 254 274 1.14
      1,854 words

  • Page 31 Advertisements
    • 2118 31 fWM /Q\ PTE LTD JAROINF SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHO. 200 CANTONMENT ROAD. #12-05 SOUTH POINT. SINGAPORE 0206 ppL^l£ G JAYA If!" J?/^ 7776 OT-75e5342 CFS 03-*****42 CR NUMBER **********0 C I^J* NG If}- J*"** DOCUMENTATION TEL: *****55 <INWARD>/*****90 (OUTWARD) ,p TEL: *****3/4 FAX *****6 W CUSTOMER SERVICE
      2,118 words
    • 1805 31 uumssassm CALLING YANTIAN IN 4 DAYS LIVERPOOL OAT (.4927 ET» SIN 20TH MJ6IIST 04 VooM Voy ETA ETD Faadarrt by 1 DESTINATIONS Nut MOO MAYVIEW MAERSK VMO6 III'.BoHIIMBfjWTIoBIWPTIfHIWaiIW^MaWgaWfIBfI^^WWHnHWM 23/ OB 0800 HRS H CFS 22/08 2369 t«S JOH LPK PEN OAK LGB SFO MEM ATL MIA CMS BAL PML NYC
      1,805 words

  • Page 32 Advertisements
    • 1441 32 AOABA fTDAM/ LE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JEO) STON H'BURG A WERP HAVRE AYSIA HANNOVER EXPRESS 21/332 20/8 29/8 5/9 7/9 10/9 12/9 14/9 Port Kelanfl^enang KAI 09/133 24/8 10/9 13/9 11/9 Pasir Gudang ESSEN EXPRESS 07/333 27/8 5/9 12/9 14/9 17/9 19/9 21/9 EAST
      1,441 words
    • 611 32 AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundl, islamqala (OoQharun) C.1.5./RUSSIA: Voatochny. Vladivoalok, Moacow, Baku, TaaMant, Irfciitak, Alma Ata, Aaltgabad, Duahanba, Kwv N Kof*a: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE CONTAINER SERVICE TO l NORTH/WEST AFRICA VESSEL SIN DKR CGM Normandle V.2284 23/8 22/9 Ned Europa V.2294 30/8
      611 words
    • 1305 32 I NORASIAiI IVSLA^Y^^^^^^^SlN^ALQ^BC^^VA^^HAS^B^^RO^^AN^^ra^^LHin NORASIA SUSAN 9432 3 20/08 09/09 10/09 12/09 13/09 14/09 15/09 17/09 I NORASM SMGA 9433-3 25/08 18/09 17/09 19/09 20/09 21/09 22/09 24/09 I AUKKII *04N 23/08 20/09 14/ M I NOR ASIA SHARIAH 9434 3 31/08 23/09 24/09 26/09 27/09 28/09 29/09 31/09 NORASIA HDL
      1,305 words

  • Page 33 Advertisements
    • 1282 33 H m/m p® m STRAITS SHIPPING PTE LTD Alßf 10 Hoe Chiang Road #11-01 Keppel Towers I- dWB II e 0208 Tcl: *****88 Fax: *****17 L Pfo& new guinea pacific line EHlMlUUfiilUlllKAlNlMllilA«lMkiaM jCI V<BS? (A SERVICE OF CHINA NAVIGATION CO) ACCEPTS >Q^cry CARGO DOC SAILS MIRU6J VIOC HK. Skin. Tjw
      1,282 words
    • 3113 33 t SINGAPORE AGENT: pAtlfoitlAl*C P&O Containers (Singapore Agencies) Pte Ltd h C3L\. W 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Wr Te 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 W- CR Number: **********0Z EXPORT IMPORT VESSEL VO* -PNG tU SIN SOU ANT HOT HAM GOT
      3,113 words
    • 33 33 0 ORIENTAL LINES INDIAN OCEAN SERVICE CONTAINER/BREAKBULK ETA ETA ETA ETA ETA SINGAPORE COLOMBO MALE MAHE MOMBASA M.V. FIRST CARRIER 02/94 24/8 31/8 2/9 Agents: Inchcape Shipping Services Bookings: *****54/*****98 Fax No: *****88
      33 words

  • Page 34 Advertisements
    • 540 34 GENERAL AGENT C R NO *****81-***** EKA jaya agencies vlr TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE I HO CHI mw CITY MM iHANOPMOWE/OMtCT I I HKNWY HOP *****24 '27M25,M41W J I KELVIN CHAN aiSOOM 1HM722/M***** J MANQj iISOSM *****22 J m I I—IIAA4I— 1 > t6
      540 words
    • 1364 34 OHANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 fW VSI JM |IVC HAUL S£A TV* POX FD* «L SM IIM HAUL SAV IM HTC HANJM KAOHSIUNG 26/8 D«£C! 15/9 16/9 17/9 HAMH KAOHSRMG 0171 26 8 H. PWTIAIC 00J 30/9 02/10 HAN UN LONGKACH
      1,364 words
    • 1214 34 IPKI SGP ISC WG US PUS WT OS* IKT SMZ TYO LAI CHS BAL RTC LMV MM KM W *C MB CM PKL SGP B e «ted*-« 7 it/i ii n m/i »/i 77/1 m i 31/1 1/1 2/9 3/1 4/9 u/i n 1 x/t 1/11 u/ie 12/10 u/n u/ia
      1,214 words

  • Page 35 Advertisements
    • 2467 35 H |j 'OOCL HOPE 33W' ETA SGP 20/08/94 II 11 Gft 11 ETA RDM 05/09/94, FLX 06/09/94, II BRE 08/09/94, LEH 10/09/94 H EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (9CX) TO: USWC US GULF MIDWEST US£C CANADA VESSEL VOY LOS OAK VAN SET ATI. lIF (IB DAI PET HOI MPII
      2,467 words
    • 1125 35 A I MULTILINE SHIPPING PTE LTD ■V (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 —BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 ifrv ,4k BIASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****57 INVENTORY: *****59 AGENTS:
      1,125 words

  • Page 36 Advertisements
    • 1554 36 44 v AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO: 1244J*****0M/6ST RtG NO: M 2 *****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I T T MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD J TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA
      1,554 words
    • 771 36 ®A PPENS HI P fS\ HAMBURG W V CONVENTIONAL ft INDEPENDENT LINER SERVICE EUROPE TO SOUTH EABT ASIA AND FAR EAST VESSELS LOAOMG PORTS DtSCHMGE/LOMHNG FOR 9EAKITTK HAM 01/07 SPORE 20/06 CANNMCAM PMNCE44 VENTSPIIS 06/08 MAM 09/06 ANTW 13/06 P GUDANG 13/09 SPORE 16/09 OOSPIC RIGA 16/08 KLAIPEDA 24/06 HAM
      771 words
    • 579 36 GOLDEN LINE A VhJV GUAN GUAN SHIPPING V\>S><\ (PTE) LTD «m «4 a M y Strttt SMGAPOK 0104 TCI: 5343M1 (It UNB) fu *****04 <C* No 1012KS000OT) ITMITt/HMUH OVLT OKKVICI S pore P. Kelang Penang GOLKN STM Karach, Dubai, Kuwait 22/23 Aug GOIDtN KMI Karachi Dubai- Kuwait 1/1 S*pt CHI
      579 words

  • Page 37 Advertisements
    • 975 37 PACIFIC INTERNATIONAL LINES (PTE) LTD j 140 Cecil Street, #03-00 PIL Building. Singapore 0106. j I CR NO **********06 I :zT VESSEL VOY SIN CMS JIB MOO JED AQJ ADE PZU MSW ASA KOTA WIRAWAN WRN4SP 21/8 25/8 1/9 12/9 3/9 5/9 3/9 7/9 23/9 KOTA SERANI BRNO7S 29/9 2/9
      975 words
    • 958 37 vtsms hoy sm umm Hamburg thmks hottimmn awtww Will Ot VILA VO4W 27/08 11/09 1»/M 20/08 21/09 23/ M VILLI 01 TITAHA TOW 30/01 21/0* 23/ M 24/09 25/09 27/09 VILLI DC IUCANA UOSW 06/09 2«/09 30/09 01/10 02/10 04/10 Witt Pt UIM 105* _05/10 07/10 Q»/1Q 09/10 11/10 •ALSO
      958 words
    • 545 37 1 BSflx tM MYANMA WBBk FIVE STAR LINE V (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gd| AVA VI29W IN POST SID SAGAING V36W IN PORT HPA-AN V2O4W 24/26 Auf MYOMAYWA VIS3W 24/30 Au| MALAYSIA AGENTS BOUSTEAO SHPP*»G AGENCES KUL: TU 03-*****00 PKI: TEL 03 *****67 PEN
      545 words



  • Page 40 Advertisements
    • 1798 40 V fIH^ M flH^W MV W^^^raggO«iK3 29 Mrs I 6MMT9f CQSTAR SHIRRING PTE LTD rw G r *o= *****00 Ssk*Booking: Agency Dopt: <? sStomfatwiy# 17-08 f I°*™** Coflt»n*r *****41/844 Comtahm Sic H 4205*02 OptrrfM CmMmt *****15 DBS SMf r«MT 2 T **s m Convtatkm*!: 4205*50 0/0: *****85 Comontm*!: *****40 StafWwvOlOC
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    • 1452 40 FOR BOOKING 1800-*****00 (TOLL-FREE) OiTTBOUWD pig ftw IOH SW mC MO TM «t MS OSB MOt SUS a* RMJL* No4l 17/08 OMI 19/08 1919 OS 24/08 QMT (BUT 28/08 I/S MMO 31/0* 01/09 03/01 31/01 wm» hm 215 nooi FIToo 24/ os n»/oo n/o« own 03/09 07/09 06/09 io/os 07/09
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  • Page 41 Advertisements
    • 675 41 (fe FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, STORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 21/8 ROTTERDAM 20/8 AARHUS/COPENHAGEN 21/8 HAMBURG/BREMEN 22/8 MARSEILLE/FRANCE 23/8 FELIXSTOWE/UK 29/8 BARCELONA/SPAIN 22/8 LEHAVRE/FRANCE 24/8 GENOA/ITALY 22/8 ANTWERP/BELGIUM 22/8 LOS ANGELES/WC/IPI 21/8 SYDNEY/MELBOURNE 19/8 NEW YORK/EC 21/8 FREMANTLE/ADELAIDE 20/8 VANCOUVER 19/8 BRISBANE
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    • 1078 41 1 1 Mi 1 vessel *21 55! =*I vessel voy sin pen B i IBRA BHUM MS Fri 19/1_ Tw 23/1 J$ QEJA BMUM 4633 Fri I 19/7" Sal 1 20/l~ B|\ VESSEL VOY SIN W«t 3 BHATRA BHUM 4US Sat 20J_ Tw 23/1 g KOTA MULIA MULOI7 Sun 21/1
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    • 210 41 GiMfWitood Sailing* to:[BANGKOK/lAEM CHABANG/LAOSj2S/8 (THU). 20/S (SAT). 23/1 (THE) PORT KELAN6/PENANG 25/1 (THU), 19/1 (FRI) HONG KONG 19/1 (FRI). 23/1 (TUE) JAKARTA 20/« (SAT) MANH.A/ CEBU/ SUBIC BAY 23/» (TUE) HO CM MMH 19/8 (FRI) SURABAYA 21/» (SUN) BUSAN 21/t (SW) pl DONGNAMA LINE comtawbhp MRy.CE mutrra/nw/iwc/MH ii ■>! i
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    • 608 41 I^^^RICHFItS^KRMjrTGtSci£S(S^T^^D W TEL: *****33 (12 Lines) \SL FAX: *****15/*****03 HI TELEX: RS ***** RISHIP (3 Line*) l==> CR NO.: **********0E ETHIOPIAN SHIPPING LINES (National Lires of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vmm< Voy ETA I Loading For Spore Abbay Worn 40WB 25/08 Mombasa. Djibouti Assab Massawa Abbay Wonz 41WB 20/10
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  • Page 42 Advertisements
    • 1697 42 ■LAIMN CONTAINER LINES, INC I 2K=/\V AqwiUl MAC-NELB SPORE: *****22 (24 LINES) Uv V 'tun** SIBU (064) *****9 KUCHINQ (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (08) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN
      1,697 words
    • 195 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD Cl* (I* SPOtt POUT KUMC PINANG nil JMX mi i loading to* Mate RUVM HUOMU n 8 loading lot Dubai wxrtw 21 m loading For Male nOKIR SUPWMI 19 loading Foi Male UMCEDH 28 I loading Foi Male PtOGKSS IKRTT ft 8
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    • 1023 42 THONG SOON LINES PTE LTD 1 I 78 SHENTON #10-01, SINGAPORE 0207 I I \J V/ TEL: 227-5088 FAX: 227-6011 I I jjj xy TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK SINGAPORE TCTTHAM-AND VESSEL VOY SPORE PEST VESSEL VOT [SPORE 1 MACHO* EQUATOR 111
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  • Page 44 Advertisements


  • Page 46 Advertisements
    • 393 46 ENSON ROAD, #21-01, BINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE SINGAPORE/PORT KLANG/SINGAPORE SINGAPORE/PENANG/SINGAPORE VESSEL VOYAGE SIN PKL VESSEL VOYAGE SX PCX 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 *****N 19/08
      393 words
  • Page 46 Miscellaneous
    • 701 46 TODAY'S TIDES (height in metres) HOUR 0000 0100 02tM> 0300 0400 0500 0600 0700 0600 0900 1000 1100 1200 1300 1400 1500 1600 1700 1S00 1900 2000 2100 2200 2300 J 1 4 1.1 0 7 0.6 0.6 0.S U 15 1.1 2.1 2.1 2.0 1.1 1.5 14 14 1.2
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  • Page 47 Advertisements
    • 947 47 I ▲HYUNDAI I MERCHANT MARINECOLTD. WESTBOUND TO EUROPE BKG: *****61 |pna* Ipke* pgp* I ttssas wt Isn mm ant* idt~ hm gq m~| 17/01 19/ OS 20/00 H. POKER 310N 22/01 09/09 11/09 12/09 11/09 11/09 13/09 24/01 26/01 27/01 H. FRONTKR 312* 29/01 16/09 11/09 19/09 11/09 11/09 20/09
      947 words
    • 418 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS kssi ntv n nc u mm it rum *uio 7S m/i IMUUNC EMU a/I ORANGE »T 23 31/1 I/O 4/It/1 imuinc noK is it/t a/i OUTBOUND VESSELS SP CMTTACMC/YAKM 24 8 MV Trans Alto VIS (BOBO) SP DHMAI 8/1
      418 words
    • 995 47 ESQ- WT SM HA/D LAX OAK CHI DAL MEM/COl IHOU IWTC NOR AUJ6ATOR PRBE S3A 18/18 04/ M 06/08 07/09 08/09 08/W M/M W/W 10/ M HEMT UPSON BRPGE 77A 25/18 11/08 13/09 14/09 15/08 15/08 18/08 U/M 17/08 AtIKATOR WCTORT »A 01/08 18/08 20/08 21/08 22/08 22/08 23/08 2VOB~
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  • Page 48 Advertisements
    • 102 48 MARKETING Tomorrow in Business Times m«muM M.V. "AKEBIA" VOY.3 Arrived 14th August 1994 Consignees of all damaged cirjon ex the captioned vessel ia hereby notified that a general survey will be held on the 19th August 1994 0900-1200 hours at FT7. No further survey will be entertained thereafter. Aa Agsnta:
      102 words
    • 6 48 MARKETING j Tomorrow in Business Times
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