The Business Times, 15 September 1994

Microfilm: NL19580
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times WE KNOW ASIA M ITA(P) 010/12/93 Thursday September 15 1994 75*
    13 words
  • 2am LATEST
    • Article
      Lock icon Dow up 10.43 points
      49 1 Reuter NEW YORK Blue-chip stocks drifted higher at midsession yesterday. At Ipm EDT, declining issues led advances 10-9 on moderately active trading of more than 152 million shares on the NYSE. At 2pm EDT, the Dow Jones Industrial Average was 3,890.29 up 10.43 points. Reuter
      Reuter  -  49 words
    • Article
      Lock icon RJR shareholders sue
      42 1 Bloomberg Business News WILMINGTON, Delaware The RJR Nabisco Holdings Corp board is being sued by two shareholders who claim RJR stockholders are shortchanged in Kohlberg Kravis Roberts Co's US$2 billion (Ss3 billion) proposal to take over Borden Inc. Bloom-
      Bloomberg Business News  -  42 words
  • Article
    MARKET SUMMARY
    163 1 Stock market indices Wednesday Change STII 2,298.31 -1.35 KLSEComp 1,173.84 +4.73 Nikkei 19,919.38 -126.73 Hang Seng 9,846.40 -90.61 SET Index 1,536.14 +28.41 Jakarta Comp 520.31 +4.61 CLSA China B 1,228.61 -5.47 Aust All Ord 2,050.5 +6.9 FTSE 100 3,079.8 -41.6 Wednesday Previous 2pm close Dow Jones 3,890.29 3,879.86
    163 words
  • Article
    Pioneer batch of 14 firms buys land in Suzhou project
    814 1  -  From Teh Hooi Ling in SUZHOU THE Singapore Suzhou Industrial Township reached a major milestone yesterday when a pioneer batch of 14 companies with a total investment commitment of SSI.3 billion (USSB7O million) bought 90 hectares of its prepared industrial
    814 words
  • Article, Illustration
    Lock icon Demand for S$ depresses interbank rates
    377 1 SINGAPORE Demand for the local currency has put pressure on its exchange rate and interest rates but in opposite directions. The Sing dollar remained strong in Asian trading yesterday, ending at S$ 1.4882 against the Greenback, 1S basis points weaker than Tuesday's New York
    Source: Bloomberg  -  377 words
  • Article
    Lock icon China launches new attack on Jardine over HK port project
    265 1 Bloomberg Business News AP HONGKONG China has launched a new onslaught against the Hongkong conglomerate most closely associated with British colonial interests, Jardine Matheson, the Eastern Express reported yesterday. In a commentary, the quasiofficial Hongkong China News Agency said the
    Bloomberg Business News; AP  -  265 words
  • Article
    Lock icon Sumitomo executive shot dead
    210 1 Asahi News Service NAGOYA, Japan An executive of Sumitomo Bank was found dead yesterday in front of his apartment home here, shot in the head. Police are investigating the possible relationship to numerous attacks and threats on company executives and gfTices. Kazufumi Hatanaka, 54-year-old executive director
    Asahi News Service  -  210 words
  • Article
    CBD office rentals up 15pc since second quarter
    580 1  -  By Abdul Hadhi SINGAPORE Office rentals in the Central Business District have continued to rise since bottoming out last year, according to property consultants Colliers Jardinc. Richard Ellis and Jones Lang Wootton (JLW). According to a report on rentals for prime office
    580 words
  • Article
    Regional markets mixed
    156 1 SINGAPORE Regional stock markets reacted in mixed fashion yesterday to an overnight firming on Wall Street, with the biggest gains coming in Thailand. On news that the Dow Jones Industrial Average jumped 19 points after a lower-than-expected increase in the US Consumer Price Index in August, the
    156 words
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      72 1 TBurberrysl w'---% I Reigns when it pours li* >< k I contents""" News 2 *21.22,23 Regional News 3.4.6 Financial 26.27 World News 8.9 Features Mwiwts Analyse 19 CW>/KIS£. S£S 30-32 Atonal 18 28 Sports 15 World 29 TV/lifestyle 13 Currencies 2f Law 17 Sime«/Commo ...26,27 SitecrfrtiM Tel 1800-*****77 Fax *****75
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      7 1 Law: Pg /7 Beware info-traps in cyberspace
      7 words
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      17 1 Hock Lock Siew: Pg 21 Rough weather for shipping firms Comfort taxis make Suzhou debut, Pg 21
      17 words
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      128 1 Bottom Line: Pg 20 v KL raises its regional proj PM Goh: EU should reciprocate when A pec opens markets, Pg 20 SO BRUNO MAGLI i KihA. Mr iJ w K SOLE AGENT: Mamlex Mahketino Ptc Ltd Til: 734 MW Fm: 717 tlfl Boutiques: Ccntrepoint #01-30 Te1:737 4509 Paragon By
      128 words
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      22 1 Ir N I T Ng Teng Fong's units grab four URA sites for $424 m, Pg 2 Regional market reports, Pg 28-32
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon On course for record-breaking year
        308 2  -  By 1 Rahita Elias SINGAPORE'S logistics industry can look forward to another record-breaking year in 1994. The latest figures published by the Port of Singapore Authority show the port handled nearly 79 million tonnes of non-oil cargo in the first six months up 10 per
        Source PSI  -  308 words
    • Article
      UK team looks into joint R&D efforts with S'pore
      125 2 THE UK and Singapore are exploring the possibility of collaborating on R&D in several areas. This came about during the visit by Lord Ferrers, UK Minister of State for Small Firms and Consumer Affairs, who flew in with a team of
      125 words
    • Article
      FCC clinches site at Jurong West for $204 m
      225 2 LISTED First Capital Corp has won a Housing and Development Board tender for a land parcel at Jurong West Avenue 5 with a bid of $204.94 million. FCC said yesterday a subsidiary would be incorporated soon to develop the 99-year leasehold
      225 words
    • Article
      Ng Teng Fong units grab 4 of 5 URA sites for $424m
      468 2  -  By Abdul Hadhi NG TENG Fong-linked companies yesterday clinched four out of five parcels of residential land put on sale for a whopping $424 million. When the Urban Redevelopment Authority (URA) tenders closed at noon yesterday, Mr Ng's
      468 words
    • Article, Illustration
      Tomorrow could be last day for Yesterday's
      210 2  -  By Quak Hiang Whai THE shakeout in the entertainment business has taken its toll on Yesterday's Cafe Bar, once a popular nightspot among yuppies. UOL Property Investments has lodged a writ of distress against Yesterday's for $60,022 believed to be rent owing on
      210 words
    • Article, Illustration
      Media must know when to draw the line: top judge
      566 2  -  By Ramesh Divyanathan THE media's right to report views freely especially of court proceedings, should not deteriorate into purely destructive criticism as this undermines the integrity of the judicial process. But at the same time, the judiciary should be more
      566 words
    • Article
      Telecom unit cracks down on parallel imports
      485 2  -  Dealers urged not to sell equipment from unauthorised suppliers By Genevieve Cua TELECOM Equipment, a subsidiary of Singapore Telecom, has taken a tough stance against parallel imports, despite a new law which allows imports of all copyrighted products. Telecom Equipment officials have told
      485 words
    • Article
      NTUC staff can use Medisave to pay health scheme premiums
      299 2 NTUC and NTUC Income staff will be able to use their Medisave account to pay for up to 80 per cent of the premiums towards the two organisations' new Managed Healthcare System (MHS). The Ministry of Health has approved the
      299 words
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      237 2 Evil# THE UNIVERSITY OF HULL England 1927 MBA S El "OVER 100 GMs, MDs, CEOs ALREADY IN THE PROGRAMME!" mFU "ONE OF THE MOST ESTABLISHED IN SINGAPORE" BBK ■jfl First to offer TQM and a Systems Approach to Creative MRVJM Problem Solving the management philosophy of the 1990s |Evtjf|M| First
      237 words
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      11 2 Q Q /O Place of birth: Durango O femouV 6 L
      11 words
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  • SOUTH-EAST ASIA
    • Article
      Asean will not let regional role be diluted: Indon official
      349 3  -  From Leslie Lopez in JOGJAKARTA WHILE Asean countries may have cleared most of their apprehensions towards the AsiaPacific Economic Cooperation (Apec) forum, a senior Indonesian official said the grouping will remain cautious and not allow its regional role to be
      349 words
    • Article, Illustration
      Lock icon Hurd holds business talks with Viet counterpart
      288 3 Reuter HANOI British Foreign Secretary Douglas Hurd held talks yesterday with his Vietnamese counterpart here. Mr Hurd is on an Asian tour aimed at boosting British business interests. He was accompanied by eight British business executives whose companies are keen to explore opportunities
      Reuter  -  288 words
    • Article
      HongkongBank gets nod to upgrade Viet office to full branch
      191 3 SINGAPORE HongkongBank has been given the green light by the Vietnamese authorities to apply for a licence to upgrade its office in Ho Chi Minh City to a full branch. Hongkongßank said yesterday the State Bank of Vietnam the country's
      191 words
    • Article
      Asean meeting to cover cooperation on services
      323 3  -  From Loh Hui Yin in BANGKOK ASEAN economic cooperation will be extended to cover the services industry, a growing sector in their economies. A framework accord spelling out cooperation on services will be discussed at next week's annual meeting of Asean economic ministers
      323 words
    • Article
      Mekong group to hold 2-day meeting
      104 3 The Mekong sub-regional economic cooperation, which comprises six countries, will have its own two-day meeting from today, also in Chiangmai. One of the proposals to be put forward by Thailand, which will also be represented by Dr Supachai, is the formation of a permanent
      104 words
    • NOTE BOOK
      • Article
        Lock icon Thai govt cuts import duty on cement
        61 3 Bloomberg Business News BANGKOK The Thai Cabinet yesterday approved a reduction of the import duty on cement to 10 per cent from 30 per cent. The cut is part of Thailand's tax system liberalisation and is in the spirit of the Asean Free
        Bloomberg Business News  -  61 words
      • Article
        Lock icon Fire at KL airport's power sub-station
        94 3 Bernama SUBANG A small fire broke out at a power sub-station at the Kuala Lumpur International Airport in Subang yesterday evening but it was quickly put out with no effect on airport operations. A Department of Civil Aviation official told reporters at the scene
        Bernama  -  94 words
      • Article
        Lock icon Chinese firm ordered to act on venture
        136 3 AFP KUALA LUMPUR A top Malaysian state official yesterday said he had ordered a Chinese steel firm to confirm or cancel its plans for a US$6 billion (Ss9 billion) steel mill in his state. "We don't want to wait too long for an
        AFP  -  136 words
      • Article
        Lock icon Indon tyre exports tipped to rise 50pc
        92 3 AFP JAKARTA Indonesia's tyre exports are expected to rise by 50 per cent on the previous year to U*****.6 million (*****.9 million), a report said yesterday. Tyre Association chairman Syafiri Alim was quoted by the Angkatan Bersenjata daily as saying the sharp increase
        AFP  -  92 words
      • Article
        Lock icon M'sia, China agree to defence attaches
        83 3 AFP KUALA LUMPUR Malaysia and China agreed yesterday to appoint defence attaches to each other's country to boost military cooperation but ruled out joint exercises. "Having defence attaches on both sides can forge a stronger relationship between our two countries and militaries," Malaysian Defence
        AFP  -  83 words
    • Article
      Modify Afta to make it more effective, urges Indon think tank chief
      463 3  -  By Kevin Sullivan SINGAPORE The process of establishing an Asean Free Trade Area (Afta) will have to be modified if the concept is to avoid irrelevance, delegates at the Asean-Isis Colloquium on New Directions for Asean were told
      463 words
    • Article
      Protectionism alive and well despite Gatt deal, says TDB chief
      255 3 SINGAPORE Non-tarifT barriers would ensure the survival of protectionism in world trade despite the promise held out by the recently concluded Uruguay Round of trade negotiations, Trade Development Board chairman Alan Yeo said yesterday. Mr Yeo told the Bth Asian
      255 words
    • Article
      Lock icon Indonesia to produce cheap but powerful car
      139 3 AP JAKARTA A state-run aircraft manufacturer is designing an inexpensive but powerful car that it hopes will hit the roads next year. BJ Habibie, aircraft maker IPTN's executive director, yesterday said developers of the "people's car" had proposed using a 1,600 cc engine
      AP  -  139 words
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      124 3 BUS I N ES S T I M E S TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 REGIONAL MANAGER (ASIA PACIFIC) $175,000 -$225,000 P.A. PMR 1590 A multi-national company, due to business expansion, seeks to appoint a Regional Manager to direct the company's marketing and sales effort through appointed distributors in
      124 words
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      Page 3 Advertisements Column 2
      101 3 Own! Occupy! Lease! Subdivide! Develop! laveet la o new vocant office buMtal petted te takeMadvontaie ojrtelne rates. Add velne by learim lute e pMng market er purdiaee te owner occupy! Plus site cleared tor development! Brand new building NLA 22,411m 2 Located in Melbourne CBD High depreciation allowances Includes adjacent
      101 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Urban inflation in China at 5-year high in August
      456 4 Reuter BEIJING Urban inflation in China has risen to its highest level in more than five years defying a 15-month government cooling programme. Figures from the State Statistical Bureau, published in the China Business Times, showed consumer retail prices in China's
      Reuter  -  456 words
    • Article
      Fair Price to open China store next year
      352 4  -  By Schutz Lee SINGAPORE NTUC FairPrice will open its first outlet in China, in the northern coastal city of Dalian, before the second quarter of 1995. Next month, the joint venture Dalian Fair Price Ltd expects to get its retail licence from
      352 words
    • Article
      Lock icon China made 4.8b Mao pins from 1966-76
      113 4 Reuter BEIJING China made 4.8 billion Mao pins more than the earth's population at the time during the decade-long cult honouring the Chairman, a local newspaper reported. The pins, a standard article of dress for Chinese during the radical 1966-1976 Cultural Revolution, used
      Reuter  -  113 words
    • Article, Illustration
      Lock icon Hongkong suspense
      51 4 Reuter HONGKONG Governor Chris Patten (centre) being briefed when he visited the construction site of the Tsing Ma suspension bridge yesterday. The bridge, whose 1,377-metre main span will carry vehicle and rail traffic, will be the largest of its kind in the world when it opens in 1997.
      Reuter  -  51 words
    • CHINA WATCH
      • Article
        Lock icon Taipei to push loans for S-E A investment
        97 4 Reuter TAIPEI Taiwan will help its businessmen secure more loans for investment in South-east Asia in line with the government's southbound policy, the central bank said yesterday. The central bank will ask more domestic banks to provide loans to firms for overseas
        Reuter  -  97 words
      • Article
        Lock icon Taiwan approves 24 China projects
        79 4 Reuter TAIPEI Taiwan has approved 24 investment projects in China totalling US$29 million (SS43 million), including two proposed by listed companies, the Investment Commission said yesterday. Formosa TafTeta Co will invest US$5OO,OOO in a trading company and Wus Printed Circuit Co will invest U5532,000 in
        Reuter  -  79 words
      • Article
        Lock icon Tokyo urged to review its Taipei policy
        64 4 AFP TAIPEI Taiwan yesterday called on Japan to review its policy towards the island following the controversy over President Lee Teng-hui being barred from next month's Asian Games in Japan. "After 15 years, the United States has finally revised its policy towards us,"
        AFP  -  64 words
    • Article
      Lock icon Beijing forms investment firm to help education
      285 4 Reuter BEIJING China has established the first investment firm designed specifically to raise and manage funds to bail out the country's cash-strapped educational system, an official newspaper said yesterday. The Beijing-based China Education and Science Trust and Investment Corp (Cestic) will pool idle
      Reuter  -  285 words
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      Page 4 Advertisements Column 1
      256 4 Protect your family from unhealthy air. I R |P*" g|?L ~j^^M Hj!g T g^^^^y> True H.E.P.A Filter one of the most efficient media to remove sub-micron particles from the air. Cleaning performance unmatched by regular air cleaners. EXCLUSIVE 360° INTAKE/OUTPUT Call or fax vour orders to: Authorised Distributor AIRWAVE PTE
      256 words
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      9 4 r e o 0 <§) Q O Age: Q Thirtysomething
      9 words
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      85 5 > ICR A C K R' ISIk L tjjjL if *?j jjTT J." Of. .few*. Pi w I <*&**? «ann»noMii«w ||y, V > !»,>■■ i i -l».i'—-■ KgfepL v 3 L 3& 1 "mm I t The 6000 Chronometer series. .jmBM jtK*n Officially certified automatic HpP^' < f chronometer movement.
      85 words
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  • REST OF ASIA
    • Article
      Lock icon Japan's trade surplus shrinks by 18.8 pc
      344 6 AFP TOKYO Japan's trade surplus narrowed 18.8 per cent from a year earlier to US$6.l billion (SS9.I billion) in August, marking the steepest decline in almost four years. The finance ministry yesterday said the latest imbalance, which was down from US$l2.3 billion in
      AFP  -  344 words
    • Article
      Lock icon Sri Lankan PM pledges to continue free market policies
      245 6 Reuter COLOMBO Newly-elected Sri Lankan Prime Minister Chandrika Bandaranaike Kumaratunga is committed to building an open national economy with "market friendly" policies. She said on Tuesday that her government would not nationalise or expropriate private property or restrict the repatriation of
      Reuter  -  245 words
    • Article
      Lock icon S Korean petrochemical firms emerge from slump
      213 6 Reuter SEOUL A series of accidents at US and European petrochemical plants is helping South Korean producers stage a dramatic turnaround. Government and industry officials yesterday said South Korean petrochemical firms, which have suffered from overcapacity in recent years, are operating at full
      Reuter  -  213 words
    • Article
      Lock icon Buoyant Indian industry predicts 8pc growth
      256 6 AFP NEW DELHI Resurgent Indian industry is predicting 8 per cent growth for itself during the current year in the long-awaited payoff for government reforms aimed at revitalising the private sector. The Confederation of Indian Industry (CII), which represents big business houses, yesterday said
      AFP  -  256 words
    • ASIA NOTES
      • Article
        Lock icon Nuclear report fails to dispel doubts
        81 6 AFP VIENNA Evidence revealed on Tuesday that North Korea has not produced plutonium since February 1993 at a reprocessing unit visited by international inspectors was reassuring" though "of limited bearing", sources close to the International Atomic Energy Agency (lAEA) said yesterday. Earlier, lAEA director-general
        AFP  -  81 words
      • Article, Illustration
        Lock icon Olympic upset
        47 6 Reuter TOKYO Some 50 Taiwanese residents living in Japan protested yesterday against the Olympic Council of Asia's decision to cancel an invitation to Taiwanese President Lee Teng-hui to attend the Asian Games in Hiroshima. They felt that China should treat politics and sport separately. Reuter
        Reuter  -  47 words
      • Article
        Lock icon Japan bankruptcies down 4pc in August
        92 6 AFP TOKYO Japan's corporate bankruptcies in August fell 4.1 per cent from a year earlier to 1,143 cases but broke 1,000 for the 19th month in a row, credit research agency Teikoku Databank Ltd said yesterday. The decline in the number of failures involving
        AFP  -  92 words
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      575 6 0 o 0 0 Name given by parents: vis 7 Doroteo Arango \3 PORT SHOTS u V The ,atest ln sea alr yv and lan< trans P° rtatlon \\|£g| Shipping Times Monday to Friday. BusinessEmes I PACIFIC CARRIERS LIMITED II (Incorporated in Singapore) 11 The Directors of Pacific Carriers Limited
      575 words
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      Page 6 Advertisements Column 2
      127 6 I FOR SALE BY TENDER I I 195,000 SQ FT OF PRIME BUNGALOW LAND I AT WHITEHOUSE PARK/DALVEY ROAD I On Behalf of the Australian Government I Development Potential: I Retain building/buildings and the I surrounding land I Potential to subdivide the excess I land for multiple bungalow I Potential
      127 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon Australia's bid to expand Asian trade bearing fruit but obstacles remain
      1084 7 FT SYDNEY Three years ago, Austrade, Australia's main trade promotion organisation, had 18 offices in Asia. Today, it has 30. The increase speaks volumes for the effort Australian politicians and industrial representative are putting into expanding links with the
      FT; Source: FT  -  1,084 words
    • Article, Illustration
      Legal action threatens Sydney casino project
      776 7  -  From Peter Lynch in SYDNEY AS A Hollywood script, it would take a bit of besting. With ingredients like Mafia links, financial deals with a Nicaraguan general, an American river boat gambling ring, political intrigue and the charismatic son of Australia's richest man. As
      776 words
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      152 7 t HI lisp iM IHIH mj Ml %Mb M BPflight attendants are not merely deep-rooted, instinctive grasp of jF selected for their work They Korean hospitality. We Ti jM pf m m are hand picked with one are delighted to say that this It has often been said that the
      152 words
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  • THE WORLD
    • Article
      Lock icon UK still on track for recovery but inflation rate up in August
      470 8 Reuter LONDON A clutch of economic figures published yesterday suggested Britain's economic recovery remains lively but inflation accelerated faster than expected in August. Markets took fright after the second dose of bad news on inflation this week. The
      Reuter  -  470 words
    • Article
      Lock icon Info superhighway will spur US economy: Brown
      292 8 Bloomberg Business News NEW YORK US Commerce Secretary Ron Brown said on Tuesday that the country's emerging information infrastructure would spur economic growth and create jobs for Americans. Mr Brown made the comment while introducing a progress report on the Clinton administration's progress
      Bloomberg Business News  -  292 words
    • Article, Illustration
      Lock icon Outside the halls of justice
      56 8 AFP BELFAST Policemen in riot gear standing next to an armoured vehicle at the scene of riots at Crumlin Road Courthouse in Belfast on Tuesday. Violence erupted between rival Catholic and Protestant gangs at the courthouse. A Catholic suspect was standing trial for the attempted
      AFP  -  56 words
    • Article
      Lock icon Arafat backs down on Jerusalem issue under new accord with Israel
      270 8 AFP OSLO PLO chairman Yasser Arafat signed a new accord with Israel on Tuesday in which he effectively retreated from a demand for Jerusalem to be on the agenda when donors discuss aid for the autonomous Palestinian territories. The
      AFP  -  270 words
    • Article
      Lock icon One in four new European homes built in Germany
      198 8 Bloomberg Business News BONN A sustained construction boom means that almost one in every four new homes in western Europe is built in western Germany, compared with one in eight five years ago, said an industry research body. Last year 21.7
      Bloomberg Business News  -  198 words
    • WORLD WATCH
      • Article
        Lock icon OECD unable to agree on head
        101 8 Reuter PARIS A crisis meeting of ambassadors from the 25 rich member nations of the OECD yesterday failed to break a deadlock over who to appoint as the head of their economic thinktank, diplomats said. "The situation has still not been clarified," a diplomat
        Reuter  -  101 words
      • Article
        Lock icon Fed takes up its seats on BIS board
        60 8 Reuter BASLE, Switzerland The US Federal Reserve took up its two seats on the board of the Bank for International Settlements on Tuesday, 64 years after the central banker's central bank was founded. The step was formally approved by representatives of the
        Reuter  -  60 words
      • Article
        Lock icon Chile awaits US word on Nafta
        78 8 Reuter SeI,ANTIAGO Chile will wait to see what terms the US sets for joining the North American Free Trade Agreement (Nafta) before deciding whether to become the trade pact's fourth partner, President Eduardo Frei said on Tuesday. Mr Frei said until the White House
        Reuter  -  78 words
      • Article
        Lock icon Cuba fulfilling migration deal: US
        77 8 Reuter WASHINGTON Cuba seems to be fulfilling its part in a deal to end a mass exodus from the Caribbean island but the US still has not implemented procedures to accept thousands of new immigrants, a senior official said on Tuesday. State Department spokesman Mike
        Reuter  -  77 words
    • Article
      Lock icon Bundesbank dampens hopes of cut in interest rates
      386 9 Reuter FRANKFURT Bundesbank deputy president Johann Wilhelm Gaddum has dampened any remaining hopes of an imminent cut in German interest rates, despite prospects of a slowdown in inflation and in money supply growth. He told reporters on Tuesday night that Bundesbank monetary
      Reuter  -  386 words
    • Article
      Lock icon Long-awaited dioxin study sparks environment row
      413 9 Washington Post WASHINGTON The Environmental Protection Agency's long-awaited dioxin study has prompted a fierce dispute between environmentalists and the chemical industry. And it has also raised a difficult question for policy-mak-ers: What should be done to protect Americans from exposure to the compounds? The
      Washington Post  -  413 words
    • Article, Illustration
      Lock icon Time to break free
      65 9 AFP KENNEDY SPACE CENTRE, Florida The Spartan 201-11 satellite sitting in the Space Shuttle Discovery's cargo bay on Tuesday as the crew made preparations to set it free from the Shuttle. The satellite will be allowed to float free and away from the Shuttle for about
      AFP  -  65 words
    • Article
      Lock icon US Senate approves US$264b defence budget
      284 9 AFP Bloomberg Business News WASHINGTON The US Senate has approved a U*****.8 billion (SS39O billion) defence budget that gives President Bill Clinton most of what he sought for military spending. The Bill, which was approved last month in the House of Representatives, will go
      AFP; Bloomberg Business News  -  284 words
    • Article, Illustration
      Lock icon Key US congressmen see Gatt bill passed before November
      446 11 Reuter WASHINGTON Key members of Congress have forecast that a bill to implement a new world trade agreement will pass this northern autumn, after congressional negotiators stripped away a controversial section of the measure. And Senate Minority leader Bob Dole began
      Reuter  -  446 words
    • Article
      Lock icon Aspects of Germany's new securities law still to be ironed out
      379 11 NYT BONN Germany's financial markets underwent a remarkable change on Aug 1, when a new Securities Trading Law took effect, making certain insider trading a criminal offence punishable by up to five years in prison. But what the new
      NYT  -  379 words
    • Article
      Lock icon UN Expects global output to grow 2.5 pc this year
      274 11 AP GENEVA The United Nations economic ageflcy Unctad today forecast that global output, partly fuelled by Asia's boom, would expand by 2.5 per cent in 1994 up from an estimated 1.7 per cent last year. In its annual Trade and
      AP  -  274 words
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      298 8 I Co J y v h I I 7. I 4 x 4 l l p •;_>.• !§>■ V*' '-b_^B I I I I I I H« Chi Minh Cicf due to open late 1994 (WORLDWIDE RESERVATIONS: UTELL INTERNATIONAL) HOTEL EQUATORIAL KUALA LUMPUR, JALAN SULTAN ISMAIL, ***** KUALA LUMPUR, MALAYSIA.
      298 words
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      Page 9 Advertisements Column 1
      210 9 GlobalTßON ICS '94 Asia's largest electronics manufacturing exhibition and conference iP. Over 1,400 Exhibitors from Technical Conferences and 5 30countries- Workihopsdiscover new-to-market technologies. keep pace with technology devetopMlßr buy/trade products, appoint new ment in the global electronics market! agents In the region and evaluate cc M^_hirv ITJ competitive products! A»ta
      210 words
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      Page 9 Advertisements Column 2
      771 9 Cheaper than city apartments Approx. 4,300 sq ft per floor Freehold strata title offices Below replacement cost From $218 per sq ft Capital appreciation assured For details contact JM Sidlee Sole Marketing Agent Tel: 222 1800 Fax: 226 2215 o International Factors (Singapore) Ltd (Incorporated in the Republic of Singapore)
      771 words
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      269 10 Aw 1 t .gL.&Y tJ zßpw w lafißw^^E^Hßß^H •<* »Rsf -^ehar» I iXr "«BBSi99flßo?c7^H J|£ -*7 vpi f -mBM 1. Nt t J jspßpv w~zs r^Sßkk* c. 1 11 'ii Jii p^^^bbbP^^Hl In >idfc a. BHTWBBb'^^b M^^MHMißia^i^iiMM^BiW 11BWB ■^n^^Br^B?''rßTTrßß^^^^^B^^^^^Bplß^Bffi #B JW F \r 'y^mwoci^ W I £a ■Skf J< Bl
      269 words
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      110 11 Cause: Abolition of despotic government O 3 ESSENTIAL CONFERENCES BROUGHT TO YOU BY LONGMAN SINGAPORE September 21st, Marina Mandarin Hotel Tax Breaks Incentives Financial Projects Regulations September 23rd, Orchard Hotel Company Tax Incentives and Treaties Offshore Profits Transfer Pricing NK MtMIHIiHliliM O September 26th and27th, Orchard Hotel orchard hotel Listing
      110 words
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      Page 12 Advertisements Column 1
      578 12 Nothing BeatsAßud. or FRESH .PASTA toAl LY. W From Pasta Fratca. Tha only r«*taurant ♦o mok« Its own specialty pasta. everyday. Savour perfect pizza, great gelatt and terrific tiramisu. All topped with Italian hospitality. Pacta Fmca Oa Solvaton pm Ltd 30 800 l Quay. 5(***** (Open 24 houfs) lei 532
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      370 12 WHERE TO WINE, DINE AND ENTERTAIN (s?he (bridal (^ea Jointly presented by Plaza Hotel and Female Magazine Venue: Plaza Hotel's Function Rooms Date: 18 September 1994, Sunday OgwjPj• Participant's Fee: $18 nctt (inclusive of High Tea buffet) Programmes: Fxhibition Talk by Jill Lowe International Bridal Fashion Show Lucky Draw All
      370 words
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      Page 12 Advertisements Column 3
      394 12 Irlj r Shi Mooncake Festival At The Mandarin Singapore From now till 20 September, all our traditional mooncakes like lotus seed paste with 1, 2 or 4 egg yolk, snow skin or white lotus seed paste, assorted nuts with kam hua ham, 7 stars with white lotus paste mooncakes are
      394 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon All you need is clove
      1074 13  -  A meal with ex-Beatle Paul McCartney and wife Linda both vegetarians may be meatless but it sure has flavour. Bryan Miller sits in as Linda whips up a veggie feast Bryan Miller IHT UA RE you a veggie?" is the saluta- tion of -A. i
      IHT  -  1,074 words
    • Article, Illustration
      Bored at 40? Get a life, just leave the hubby
      454 13  -  Tragedies, as shown in British comedy, can be so funny. Audrey Tan reports, in between shrieks of laughter Audrey Tan WHEN you're turning 40, your sex life is no good, you're bored with your husband and you hate the curtains
      454 words
    • Article
      Lock icon Jagger helps to promote UK business
      340 13 CHATTERBOX AP AP UPI UPI MICK JAGGER will be all business at a reception he's holding on Saturday at the Colorado governor's mansion. The British rocker is throwing a cocktail party on Saturday for government and business people from Colorado and Britain to boost
      AP; UPI  -  340 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      93 13 G O LAD E N Sjijlß When it comes to selecting the right venue for that 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
      93 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1263 13 I TV RADIO Versa, pens courtesy a Thai This time. Judge Reinhold and his 11-year-old son (Fred Sav- age) swap bodies and slip into v a predictable farce. Dad takes < -*^|P r <£fl A on the school bullies while his #^SIC son faces the boardroom ones. W Lively performances
      1,263 words
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      203 14 li *£ijestyles of the New Stye I /!t Regent Park, you'll discover the Lifestyles of the New Age. I ±SL- Ideally situated next to Park West, close to the West Coast Park and seaside, access to and I from all parts of Singapore is simply excellent The ClementiMßT station is
      203 words
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  • SPORTS
    • Article, Illustration
      Lock icon Flu bug makes Norman pull out of Presidents Cup
      632 15 Golf AP GAINESVILLE, Virginia There was no way the Presidents Cup could instantly match the nearly 70 years of tradition wrapped around the Ryder Cup. But this inaugural event did have two things the Ryder Cup never had Nick Price and
      AP  -  632 words
    • Article, Illustration
      Lock icon Slater's wicket manoeuvre
      46 15 Reuter COLOMBO Australia's opening batsman Michael Slater just making his ground before Sri Lankan wicketkeeper Pubudu Dasanayake whipped off the bails during their one-day encounter on Tuesday. Hosts Sri Lanka stormed into the world series final with a six-wicket victory over Australia. Reuter
      Reuter  -  46 words
    • Article
      Lock icon It's boom time for squash in Asia: official
      672 15 AFP BARCELONA Asia is the world's fastest growing region ifor squash, according to the sport's top official, who paid tribute on Tuesday to tournament organisers there. Roger Eady, director general of the Professional Squash Association, said the sport was finding it hard
      AFP  -  672 words
    • Article
      Lock icon I NBA recommends shortening three-point shot
      460 15 AP CHICAGO The National Basketball Association's competition committee has recommended shortening the three-point shot by making the .line a uniform 22 feet from the basket, a move to increase iscoring and ease congestion in the lane. The line is currently 22 ft in the
      AP  -  460 words
    • Article
      Lock icon Water 'torture' key to Chinese swimmers' success
      553 15 AFP HONGKONG China's women swimmers went through "torture" to reach their pre-eminence in the pool, according to the country's first Olympic swimming champion who rejected accusations of drug-taking. Zhuang Yong told the Hongkong Standard yesterday that the swimmers reached the top on a
      AFP  -  553 words
    • Article
      Lock icon Daly, Couples to play for US at Dunhill Cup
      210 15 AP ST ANDREWS, Scotland John Daly and Fred Couples will return to play for defending champion US at next month's Dunhill Cup, but the third member of the team has yet to be named. The line-ups were announced on Tuesday for
      AP  -  210 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Capriati returns to court
        74 15 Reuter CLEVELAND Troubled teenaged tennis star Jennifer Capriati (above), who has not played competitively in a year, plans to return to the women's tour next month. In a news release on Tuesday, Capriati's agent said wild cards had been requested for the former prodigy for two
        Reuter  -  74 words
      • Article, Illustration
        Lock icon Athletics
        178 15 AP NEW DELHI Two-time Olympic 100 m gold medalist Carl Lewis was beaten by Emmanuel Tuffour and Patrick Stevens of Belgium at the ITC international track and field meet on Tuesday in the western town of Pune. TufTor was timed in 10.21 seconds. Stevens in 10.29 and Lewis was
        AP  -  178 words
      • Article
        Lock icon Boxing
        112 15 AP ATLANTA Former heavyweight champion Evander Holyfield has failed to get medical clear- ance to fight again, although he has not given up thoughts of a comeback. Holyficld. who recently underwent another examination with a cardiologist in New York, was told on Monday his heart ailment, a non-compliant left
        AP  -  112 words
      • Article, Illustration
        Lock icon Basketball
        114 15 AP BEUING American professional basketball players are coming to the Chinese capital for an exhibition game later this month. The Nike Hoop Heroes Tour will bring Charlotte Hornets star centre Alonzo Mourning to Beijing as well as Seoul. South Korea, and Yokohama. Japan. Mourning will be joined by Anfemee
        AP  -  114 words
      • Article, Illustration
        Golf
        64 15 VIRGINIA WATER, England European PGA lour leading money winners: I Colin Montgomerie (Scot) U*****.486 (SSI.2 million) 2 Bernhard Langcr (Ger) 563.926 3 Jose Maria Olazabal (Spn) 551.460 4 Miguel Angel Jiminez (Spn) 438.554 5 David Gilford (En») 421.814 6 Mark Roe (Eng) 418,9*3 7 Nick Faldo (Eng) 365.713 8
        64 words
      • Article, Illustration
        Lock icon Yachting
        169 15 AP SAN DIEGO Spain's Jose Luis Dorcste won the third race of the 73rd Star class world sailing championships on Tuesday, and Canada's Ross Mac Donald retained the overall lead with a seventh-place finish. Mac Donald, a bronze medallist in the 1992 Olympics, has a low score of 12
        AP  -  169 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      82 15 A FESTIVAL OF FRUITS ORCHARD MENU For the month of September, River Palace Chinese Restaurant introduces a healthy menu Br of fruit-inspired dishes. Our appetising yet wholesome creations include S Shredded Duck with Mango, Chicken with Green Apple 3up, Deepfried Prawn with Avocado Roll, Fish Strips with Jackand Sliced Venison
      82 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Lock icon A piano that won't wake the neighbours
      471 16  -  Yamaha has designed a piano that can be played "silently". L)avid Mok has the details David Mok EVER wanted to play the piano late at night but were afraid to disturb the neighbours? Well, with Yamaha Corp's latest innovation, the Silent Piano, you
      Photo by Chris Loh  -  471 words
    • Article
      Lock icon CAT scan catches on as tool for heavy industry
      276 16 NYT COMPUTERISED tomography, the "CAT scan" technology that doctors use to take pictures of the interior of the human body, is finding its way into heavy industry. Just as these scans can find the hidden source of life-threat-ening diseases, they can
      NYT  -  276 words
    • IN TAKES
      • Article
        Lock icon Designer genes for new Aids cure
        92 16 UPI YOKOHAMA Experimental gene therapy is hitting Aids (Acquired Immune Deficiency Syndrome) on two fronts, researchers said yesterday. Some scientists are building designer cells that can fend off virus attack while others are breeding up tough versions of normal white blood cells in the
        UPI  -  92 words
      • Article, Illustration
        Lock icon New members of the Contura family
        59 16 Reuter SINGAPORE Eckhard PfeifTer, Compaq Computer Corp president and chief executive officer, with two new notebook computers launched by the company on Tuesday. The new editions to its Contura family of notebooks which Compaq said are easier to use, have more functions and greater
        Reuter  -  59 words
      • Article
        Lock icon Breast cancer gene isolated
        83 16 Reuter WASHINGTON US scientists have isolated the gene responsible for the inherited form of breast cancer, a key step in the search for a way to prevent and treat the deadly disease, NBC Ne*s reported on Tuesday. It said that the findings by a research team
        Reuter  -  83 words
      • Article
        Lock icon Compound created to recycle rubber
        126 16 Reuter KUALA LUMPUR Malaysian and Russian scientists said yesterday they have created a rubber-based compound that can recycle vulcanised rubber like car tyres. Malaysia's BC Sekhar and Russia's Professor Vitaly Kormer said they have come up with a reactant called "de-link" which can recycle up
        Reuter  -  126 words
  • Page 16 Advertisements
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      442 16 What are the technology strategies of the leading high-tech Venturing out on your own to start a business? Already companies in the world today? How do they manage R&D, ventured out and want to know more about making your monitor and access external technology, move products to venture a success?
      442 words
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      Page 16 Advertisements Column 2
      398 16 The Straits Times Weekly Edition offers you H a crisp summary of the week's major H happenings in Singapore and Asean. You can stay in touch with the social issues, politics, H business and economy at home wherever you are studying or working or staying H overseas. All the valuable
      398 words
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  • THE LAW PAGE
    • Article, Illustration
      Beware the info-traps in cyberspace
      938 17  -  E-mail opens new possibilities for litigation. Benny Tabulujan suggests ways on how to avoid being hauled to court Benny Tabulujan The writer is a lecturer in law at the School of Accountancy Business. S'anyang Technological University. He is also an associate editor of the Asia
      938 words
    • Article
      Drew & Napier opens Hanoi office
      500 17  - Drew Napier opens Hanoi office AT THE By Ramesh Divyanathan ONE of Singapore's oldest and most wellknown law firms, Drew Napier, has opened a representative office in Hanoi, Vietnam. It is the second Singapore law firm to open an office in Vietnam. Headed by resident partner Sin Boon Ann, the
      500 words
  • Page 17 Advertisements
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      372 17 eFAR EAST LEVINGSTON SHIPBUILDING LTD (Incorporated in the Republic of Singapore) IMPORTANT REMINDER US$BO,OOO,OOO 1.25% BONDS DUE 1994 WITH WARRANTS TO SUBSCRIBE FOR SHARES IN FAR EAST LEVINGSTON SHIPBUILDING LIMITED. THE BONDS WILL BE REDEEMED AT PAR ON 29TH SEPTEMBER 1994. To Holders of Warrants 1994 ("Warrants") EXPIRATION OF WARRANTS
      372 words
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      Page 17 Advertisements Column 2
      346 17 SAICSA A Prestigious First SAICSA Regional Conference "Globalisation: Corporate Governance And Compliance" If you are embarking on a global venture or a regional business plan, you should participate in this one and only conference that spells out the rules to a winning game for entrepreneurs doing business in Singapore or
      346 words
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  • Article
    Time for KL-S'pore joint ventures
    511 18 EDITORIAL IN THE world of business, having the right contacts is a vital first step to success. They not only grease the wheels of commerce, they are also conduits of valuable information and they bring deals. In diplomacy too, contacts are just as vital. It
    511 words
  • WHAT THE OTHERS SAY
    • Article
      Chasing the Quebec dream
      247 18 THE LEADER of Parti Quebecois (PQ), provincial premier-elect Jacques Prizeau, had said before his party won 77 seats against the pro-unity Liberals' 47 in the legislature of 125 seats: "The only reason I am in politics is to achieve the sovereignty of Quebec." But poll readings
      247 words
    • Article
      Big benefits for both sides
      177 18 THE THREE-DAY visit by Indian Premier P V Narasimha Rao to Singapore enhanced the level of the relationship, particularly in the economic field, between the two countries. Next January, Prime Minister Goh Chok Tong will visit India again. In many respects, India's economic drive towards
      177 words
    • Article
      Value Chinese tourism market
      189 18 THE OPENING of a Singapore Tourist Promotion Board office in Shanghai is another heartening development in Singapore-China ties. To attract more Chinese tourists, Singapore has to be well prepared in various ways. First, Singaporeans must change their conventional attitude towards Chinese tourists. In the past, the
      189 words
    • Article
      Reduce power losses further
      176 18 THE MASSIVE development of new power generation stations recently, as explained by Zuhal, the president of the State Electricity Company (PLN), augurs several encouraging trends. One significant advance is the doubling of PLN's generation capacity to more than 26,000 megawatts within the next five years, which
      176 words
    • Article
      Don't stifle entrepreneurship
      98 18 DETAILS of China's proposed excess-profit control law are few. But at first glance the regulation submitted to the State Council for approval seems destined to distort the market, not to restore it to healthy balance. Curbing profiteers is a worthy goal but there are better ways to
      98 words
    • Article
      A lesson for the world
      125 18 THE DECISION by Cuba and the United States to thrash out their most recent disagreement peacefully i$ heartening. It shows that even between nations in long conflicts, men and women of goodwill can bring reason to bear. Clearly, these two countries have a long way
      125 words
  • Article, Illustration
    Europeans could be a rare species in the next century
    1062 18  -  While much of the world is battling overpopulation, most of Europe faces a population decline in the not-too-distant future. Salil Sarkar reports Salil Sarkar The writer, a Paris-based journalist, contributed this article to BT Population explosion? Unlike the rest of
    1,062 words
  • Page 18 Advertisements
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      318 18 ENEX-ASIA '94 Make All The Right Connections At Asia's Premier Electrical Power Exhibition ENEX-ASIA'94# tfaHM&or ■Ml 4 W i IW Vfli'UH mmSSSSm 21 24 SEPTEMBER 1994 WORLD TRADE CENTRE HALL 4,5,6, SINGAPORE 10.30 am 6.30pm Daily (Except 24 Sept: 10.30 am 4pm) If you are in the electrical and power
      318 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      110 18 R.i« ki VJ Tno&Vß —the: OGV-TT \T ive. f\wv ~nne,) I JheSl iwe DE.N/.L lS w fT |gi 6 goS PCILY 7 hv<e €.*GHT FIFTEEN \gN SCH&DULC. JT DON'T S>*Y TWeRE-'S 1/ IftMoweg rb7 l STRVKE.? J 4& is C AMOCtATVO »■>»•* A#**» LTD, IM3-IM4 <^0. 927Q DOONESBURY GARRY TRUDEAU
      110 words
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  • ANALYSIS
    • Article, Illustration
      Japan wants Apec to go slow and steady
      1239 19  -  Anthony Rowley says Tokyo is determined to tread the fine line between championing more liberal trade within Apec and supporting firm targets for opening-up measures. It also will not endorse the EAEC concept unless the US and other non-Asian Apec members do
      1,239 words
    • Article, Illustration
      Lock icon A glut of satellite phone systems?
      727 19  -  Sandra Sugawara finds analysts doubtful about whether there's money to be made by companies pouring billions into satellite telephone networks Sandra Sugawara Washington Post WHAT IF they built a mul-tibillion-dollar satellite communications system and nobody called? That's the question facing companies lining up to
      Washington Post  -  727 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      58 19 3 o 0 O rmentj O Hobbies: Night attacks and lightning raids JTC LAND FOR SALE Site Area 41,129.5 sq m approx (442,718 sq ft) Built-in-Area 16,147.4 sq m approx (173,811 sq ft) Tenure 30 years from 1 June 1968 Viewing strictly by appointment only For details, please contact: Sole
      58 words
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  • Article, Illustration
    EU should reciprocate when Apec opens markets: PM Goh
    483 20  -  Reports from Chuang Peck Ming in BRISBANE SINGAPORE would want the European Union to reciprocate when members of the Asia-Pacific Economic Cooperation forum opened their markets to non-members, Prime Minister Goh Chok Tong has told Radio Australia in an interview. "I
    483 words
  • Article
    Collective interests our cornerstone: Goh
    319 20 BRISBANE Putting collective interests above individual interests, hard work and thrift these are Singapore's answer to finding a balance between opening up to the world and keeping its Asian identity, Prime Minister Goh Chok Tong told Radio Australia. Striking a balance between the two poses
    319 words
  • Article
    Lock icon Troops will take over Haiti even if leaders leave: US
    386 20 Reuter AP WASHINGTON US Deputy Secretary of State Strobe Talbott yesterday effectively announced plans to invade Haiti, saying a US-led multinational force was going to take control of the island country even if its military leaders were to go into
    Reuter; AP  -  386 words
  • Article
    Lock icon US retail sales up 0.8pc in August, with further surge seen this month
    292 20 Bloomberg Business News Reuter WASHINGTON US retail sales advanced 0.8 per cent in August on across-the-board gains, the Commerce Department said yesterday. Excluding vehicles, sales rose 0.7 per cent after a 0.5 per cent July rise. The
    Bloomberg Business News; Reuter  -  292 words
  • Article
    Lock icon Japanese TV networks boost export of programmes to Asia
    257 20 AFP TOKYO Japanese television broadcasting companies are boosting their exports of programmes to burgeoning Asian markets such as Hongkong, Taiwan and China, company officials said yesterday. "They're new potential markets," an official at Nippon Television Network Corp (NTV) said, noting that
    AFP  -  257 words
  • Article, Illustration
    M'sia assumes larger, more vital role in regional affairs
    1012 20  -  The Bottom Line TYE KIM KHIAT TYE KIM KHIAT The writer is a BT journalist FOR now and for the foreseeable future, everyone on the resurrected Silk Road are economic pilgrims with one destination on their minds: the capitalist temples in
    1,012 words
  • Article
    Lock icon Inflation in check as growth slows: Fed report
    213 20 Bloomberg Business News WASHINGTON Inflation remains in check as economic growth continues at a slower pace, the Federal Reserve said in its Beige Book report on current economic conditions. "There are more reports of tightening labour markets than before, though wage pressures
    Bloomberg Business News  -  213 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      105 20 MARKETING Tomorrow in Business Times Efficiency. Issues you a Customer focus. Supplier partnerships. Global markets. Information technology. g r> Cycle time and cost reduction. J? Business process n I >* rTIW I I* I ■^■"AMERICAN SOFTWARE* ■■■I IW WW CHAM MANAGEMENT COMPANY C\ 152 Beach Road, #14-01/04 The Gateway, Aa
      105 words
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      Page 20 Advertisements Column 2
      5 20 MARKETING Tomorrow in Business Times
      5 words
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  • COMPANIES & MARKETS
    • Article
      Times Pub in China colour printing venture
      212 21 SINGAPORE Times Publishing has forged an alliance with China's Shenyang Xinhua Printing Plant to set up a web offset colour (Hinting operation in Shenyang city. Tunes Pub said yesterday a joint-venture company, Liaoning Times Xinhua Printers, had been formed with registered capital of
      212 words
    • Article
      Factoring firm IFS ends first half on static note
      347 21  -  ■y Soh Tiang Kong LISTED International Factors (Singapore) yesterday unveiled a static bottom-line performance with group interim earnings of $2.1 million for the first six months ended June 1994. This is the same as the net profit figure for the corresponding
      347 words
    • Article
      Comfort taxis make their debut in Suzhou, 200-strong fleet the aim
      303 21  -  From Teh Hooi Ling THE familiar light blue Comfort taxis in Singapore started plying the streets of Suzhou the Chinese city more than 3,700 km away yesterday. The fleet of 50 new locally assembled San tana taxis is operated
      303 words
    • Article
      S'pore trio to operate logistics depot at China industrial park
      265 21  -  By Rahita Elias SINGAPORE Three local logistics companies have tied up with the Wuxi-Singapore Industrial Park Investment (WSIPI) company to provide support services at a proposed industrial park in Wuxi, China. The trio are listed CWT Distribution, Asia Pacific Logistic
      265 words
    • Article
      Shipping companies still facing some pretty rough weather ahead
      891 21  -  HOCK LOCK SIEW By Rahita Elias SINGAPORE Local shipping lines, including national carrier Neptune Orient Lines and Pacific Carriers, are making heavy weather just now. That is because they are up against a headwind the strong Singapore dollar. With freight and
      891 words
    • Article, Illustration
      Ker Sin Tze rejoins Superior Metal as chairman
      138 21 SINGAPORE Ker Sin Tze, former minister of state for education, information and the arts, has rejoined can-maker Superior Metal Printing as chairman. Listed SMP said yesterday Dr Ker's appointment would take effect from today. Dr Ker, who left his government posts end
      138 words
    • Article
      Kim Eng's provision for doubtful debts soars to $15m
      244 21 SINGAPORE Stockbroker Kim Eng Holdings sharply raised its provision for doubtful trade debts to 15.84 million in its last financial year, up from only $3.6S million in the previous period. Kim Eng says in its latest annual report that including outstanding
      244 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 21 Firm Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Barings, Daiwa. GK Goh. Kay Hian, Morgan Grenfell, Nomura. Smith Ne* Court. W! Carr and SG Warburg.
        42 words
      • Article, Illustration
        HOT STOCK
        123 21  -  -By Quak Hiang Whai Kulim Malaysia attracted quite a bit of buying yesterday, putting on 10 cents at 552.53 with 1.56 million shares changing hands. Despite the rise, the daily and weekly charts of Kulim show the stock has more room to go with a good possibility of
        123 words
    • COMPANIES
      • Article
        YTL's two power plants on stream seven months early
        357 22  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIA'S first independent electricity producer, YTL Power Generation, has commissioned its two plants seven months ahead of schedule. The 808-megawatt Paka Power Station in Trengganu was commissioned on Sep 1, while the 404-megawatt Pasir
        357 words
      • Article
        Lock icon Petron in new Philippine stock index
        377 22 Reuter MANILA The Philippine Stock Exchange (PSE) is to replace its outdated composite index with a new one which more accurately reflects market activity, its president Eduardo delos Angeles said yesterday. Among the new shares to be included in the revised index is the
        Reuter  -  377 words
      • Article
        Lock icon Seng Hup Electric plugs into Indon lighting joint venture
        458 22 Bernama KUALA LUMPUR Seng Hup Electric Co Bhd has formed a joint venture with an Indonesian entrepreneur, Tjhie Tjen Nie, to manufacture and assemble Seng Hup's lighting equipment in West Java. Seng Hup's managing director, Richard Teo Song Kwang, said yesterday
        Bernama  -  458 words
      • Article
        Lock icon Esso M'sia posts M$80.6m pre-tax
        133 22 Bernama KUALA LUMPUR Esso Malaysia Berhad has reported an operating pre-tax profit of M 580.608 million (5546.7 million) for the six months ended June 30, 1994, down 3 per cent from M 583.237 million in the previous corresponding period. Chairman Morris Foster yesterday said the
        Bernama  -  133 words
      • Article
        Great Eastern names director
        73 22 SINGAPORE A former deputy governor of Bank Negara, Professor Lin See-Yan, has been appointed a director of Great Eastern Life Assurance. Great Eastern Life said yesterday the appointment was non-executive in nature and that Prof Lin, 54, did not own shares in the company or its
        73 words
      • Article
        Inno-Pacific stake sold
        44 22 SINGAPORE Paper trading and food group Inno-Pacific yesterday announced that it had completed the sale of its 50 per cent stake in Indo-Pacific Food Industries Pte Ltd (IPFI) to KMP Pte Ltd. Inno-Pacific received full payment of $750,000 for the sale.
        44 words
      • Article
        Berger bags more jobs
        44 22 SINGAPORE Main board-listed paint maker Berger International yesterday announced that it had secured five contracts worth $5.1 million with Mindef to paint its army camps. The contracts raise the total value of Berger's repainting projects this year to $9 million.
        44 words
      • Article
        C K Tang warrants oversubscribed
        35 22 SINGAPORE CK Tang has received some 14.5 million applications for its detachable warrants. This represents an oversubscription of 16.9 per cent on the 12.44 million warrants it offered last month.
        35 words
      • Article
        Pacific Can director resigns
        43 22 SINGAPORE Pacific Can yesterday announced the resignation of Roland Ng San Tiong as its director. Mr Ng was a nominee of Poh Seng Realty Pte Ltd which on Aug 22 ceased to be a substantial shareholder of Pacific Can.
        43 words
      • Article
        Lock icon Indosat NY listing date
        36 22 Reuter JAKARTA Indonesia's international telecommunications company Indosat will list on the New York stock exchange on Oct 18 and in Indonesia the following day, the official Antara news agency said yesterday. Reuter
        Reuter  -  36 words
      • Article
        Lock icon Tan Chong in air-con venture
        69 22 Bernama KUALA LUMPUR Tan Chong Motor Holdings Bhd yesterday announced a 50:50 joint-venture with an Australian company to manufacture and distribute bus and coach air conditioning systems. Tan Chong said its subsidiary, Auto Parts Holdings Sdn Bhd, would set up the joint-venture company APM-Coachair Sdn
        Bernama  -  69 words
      • Article
        Barito's interim earnings down 36pc
        429 22  -  From Maggie Ford in JAKARTA A PLYWOOD price war with Malaysia, combined with trading problems and a long rainy season, has cut first-half operating profit by 36 per cent for Barito Pacific Timber, Indonesia's third largest listed company. Barito said yesterday operating income fell to
        429 words
      • Article, Illustration
        Lock icon Malaysia undecided on privatising M$650m naval dockyard
        273 22 Reuter KUALA LUMPUR Malaysia has yet to decide on privatising its premier naval shipyard, Naval Dockyard Sdn Bhd, despite market speculation that it is for sale, says Defence Minister Najib Abdul Razak. Local newspapers reported on Tuesday that two public firms, Sedap Food
        Reuter  -  273 words
      • Article
        Lock icon Sedap Food returns to the black
        255 22 Bernama KUALA LUMPUR Sedap Food Confectionery Bhd has returned to the black owing to the inclusion of the results of its 70-per cent owned subsidiary, Penang Shipbuilding Corporation Sdn Bhd. The company yesterday reported a group pre-tax profit of M 52.225 million (551.29 million)
        Bernama  -  255 words
      • Article
        Lock icon KL, Indon firms to sign US$9.5b power plant deal
        232 22 AFP KUALA LUMPUR Malaysia's Sikap Power Management Services Sdn Bhd and Indonesia's PT Bukaka Teknik Utama are expected to sign a US$9.5 billion (5514.1 billion) coalfired power plant and regional power grid deal soon, a newspaper report said yesterday. Believed to
        AFP  -  232 words
      • Article
        Lock icon PNB to pay revised $70m for ICI Paints stake
        177 22 MBT KUALA LUMPUR Permodalan Nasional Bhd (PNB) will acquire a 25 per cent stake in ICI Paints (Malaysia) Sdn Bhd for a revised sum of Ms7o million (5540.6 million) cash. The original proposal was for PNB to acquire the 2.95 million
        MBT  -  177 words
      • Article
        Lock icon Guthrie to expand plantation activities
        155 22 Bernama PORT DICKSON Kumpulan Guthrie Bhd chief executive Khalid Ibrahim has proposed expanding the group's plantation activities, particularly oil palm, to cover East Malaysia and later, Asean. He said yesterday that among the Asean countries with potential was Indonesia, which boasted ample land suitable for
        Bernama  -  155 words
      • Article
        Untitled
        417 22 Mlll«in' pricw <$) Sep IS Mendaki Gr Fund 1.20 l.23*d® ltJ US Gr Fund 1.00 104Singapore Unit Trust Mgt M The Commerce 1.69 1.79 "tH The Savings Fund 1.61 1.70 Unifund 1-57 l*» S pore Prag Fund 0.73 0.78 Umbond* 1035 06 Spore Sec Fund 1.05 I.Il»d UnitedGr Fund! 73
        417 words
      • Article
        SCMP profit falls 3.8pc, circulation up despite competition
        420 23  -  From Lim Soon Neo NET profit at South China Morning Post (Holdings) Ltd, publisher of the English-lan-guage newspaper South China Morning Post, fell 3.8 per cent to HK5564.1 million (S$ 110 million) in the financial year ended June 30, 1994. Operating profit
        420 words
      • Article
        Lock icon Jardine International Motor's interim profit up 6.4pc
        210 23 Bloomberg Business News HONGKONG Motor vehicle distributor Jardine International Motor Holdings yesterday said its net profit rose 6.4 per cent in its fiscal first-half ended June 30 due to a recovery in its British and French businesses. The company, which is controlled by
        Bloomberg Business News  -  210 words
      • Article
        Lock icon Seapower founder finds buyer for 19.7pc stake in company
        185 23 Reuter HONGKONG Seapower International Holdings Ltd founder and honorary chairman Choi Sai-leung said an independent third party has been found to take 62.58 million, or 19.7 per cent, of the company's shares, should other major shareholders exercise a put option requiring
        Reuter  -  185 words
      • Article
        Lock icon HK Land decision on whether to delist overshadows results
        503 23 MARKET Reuter HONGKONG Property giant Hongkong Land Holdings Ltd announces its half-year results tomorrow, but the news most investors are waiting to hear is whether it will cancel its Hongkong listing. "Don't miss the main issue," said Franklin Lam, property analyst
        Reuter  -  503 words
      • Article
        Lock icon Goldman, Sachs' head resigns
        440 24 NYT NEW YORK Stephen Friedman, the head of Goldman, Sachs Co, the richest partnership on Wall Street with more than US$2 billion (Ss3 billion) in profits last year, surprised the firm and much of the securities industry on Tuesday by saying that he would retire in
        NYT  -  440 words
      • Article
        Lock icon Otis Elevator goes on aggressive overseas drive to stay on top
        394 24 AP FARMINGTON, Connecticut The Otis Elevator Co is finding it harder these days to stay on the top floor of the industry it has dominated for years. Tough competition and a lull in high-rise building in its traditional big
        AP  -  394 words
      • Article
        Lock icon Baby Bells willing to let AT&T-McCaw tie-up proceed
        247 24 Bloomberg Business News NEW YORK Attorneys for two Baby Bells said on Tuesday they would drop their objections to a US$l2.6 billion (S$ 18.7 billion) merger between AT&T and McCaw Cellular Communications, in return for a quick trial on their suit seeking
        Bloomberg Business News  -  247 words
      • COMPANY BRIEFS
        • Article
          Lock icon Hutchison to buy into Huaneng: report
          83 24 Reuter HONGKONG Tycoon Li Ka-shing's Hutchison Whampoa Ltd will take a stake of at least 2.5 per cent in China's Huaneng Power International Inc when it lists on the New York Stock Exchange next month, the South China Morning Post said. The decision by
          Reuter  -  83 words
        • Article, Illustration
          Lock icon Citic buys rights to Monroe memorabilia
          68 24 Bloomberg Business News BEIJING Images of Marilyn Monroe may soon be appearing on Chinese-made perfume bottles and clothing, and as a doll, after the purchase of local rights to the late movie star's memorabilia franchise. The official China Daily yesterday reported that China International
          Bloomberg Business News  -  68 words
        • Article
          Lock icon Shiseido wins anti-monopoly suit
          59 24 AFP TOKYO The Tokyo High Court ruled yesterday that Japan's biggest cosmetics maker, Shiseido Co Ltd, did not violate anti-monopoly laws by suspending shipments to discount store operator Fujikihonten KK. The ruling overturned a decision in September last year by the Tokyo district court which ordered
          AFP  -  59 words
        • Article
          Lock icon Nintendo's US unit sues Taiwan firm
          67 24 AFP REDMOND, Washington The US unit of Japanese video game maker Nintendo accused a Taiwan firm on Tuesday of using counterfeit software and semiconductor chips for video game products sold around the world. In a lawsuit filed in California, Nintendo of America charged that
          AFP  -  67 words
      • Article
        Lock icon US govt may block cable TV operators' takeover bid
        295 24 AP WASHINGTON The two biggest players in the television home-shopping business are getting an unwelcome call from Washington. Federal officials, concerned that the market for home-shop-ping services could become anti-competitive, are considering a challenge to the proposed purchase of the QVC
        AP  -  295 words
      • Article
        Lock icon Prudential's first-half pre-tax profit up 16pc to £280m
        426 24 Bloomberg Business News LONDON Prudential Corp pic, Britain's biggest life insurer, yesterday said first-half pretax profit rose 16 per cent thanks to a pick-up in its general insurance business. With UK banks and building societies muscling in on Prudential's traditional UK life
        Bloomberg Business News  -  426 words
      • Article
        Lock icon Disney keen on buying NBC, says report
        349 24 Reuter NEW YORK The Walt Disney Co has joined the ranks of companies in discussions on acquiring NBC, The New York Times reported yesterday, quoting several executives close to the negotiations. Disney chairman Michael Eisner might pay up to US$5 billion (557.5 billion)
        Reuter  -  349 words
    • CORPORATE FOCUS
      • Article, Illustration
        Bad news on bottom line costs editor his job
        1370 25  -  Shake-up at Eastern Express Reports from Lim Soon Neo in HONGKONG THE inside story on the axing of Steve Vines, chief editor of Hongkong's newest Englishlanguage newspaper the Eastern Express, boils down to a matter of economics in a fiercely competitive
        1,370 words
      • Article, Illustration
        Editor: circulation, ad revenue details not given to me
        399 25 HONGKONG Stephen Vines, the axed chief editor of the Eastern Express, said yesterday that he was never given any details of circulation or advertising revenue by the management of the Oriental Press Group (OPG), the publisher of the newest English-language paper
        399 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US Senate passes landmark interstate banking bill
        347 26 Reuter WASHINGTON The US Senate on Tuesday approved landmark legislation abolishing decades-old barriers that restrict banks from operating branches across US state lines, ensuring coast-to-coast banking will become law after years of failed attempts by lawmakers. The bill, approved 94-4, goes to President
        Reuter  -  347 words
      • Article
        Lock icon Malaysian insurers plan to team up to enter China market
        399 26 MBT KUALA LUMPUR Malaysian insurance companies may form a consortium to enter the potentially vast China market, estimated to be worth some US$2O billion (5529.8 billion) in collectible premiums. Under a proposal submitted to the National Insurance Association of Malaysia
        MBT  -  399 words
      • Article
        Lock icon Taiwan eases currency controls
        70 26 AFP TAIPEI Taiwan yesterday relaxed currency controls by allowing all visiting foreign nationals and overseas institutions not registered here to open bank passport accounts in local currency, a monetary official said. The financial liberalisation became effective immediately, Deputy Monetary Director Tsai You-tsai said. Previously, only the
        AFP  -  70 words
      • Article
        Lock icon Bank Negara gold, forex reserves fall
        68 26 Bernama KUALA LUMPUR Bank Negara's gold and foreign exchange and other reserves including special drawing rights declined to M 583,953.58 million (5548,970 million) as at July 30, 1994 from M 584,581.62 million a fortnight earlier. Its total assets and liabilities also declined to M$
        Bernama  -  68 words
      • Article
        Lock icon Shenzhen financing arm launches FRN
        58 26 Reuter HONGKONG Shenzhen International Trust Investment Corp, the financing arm of the southern Chinese city of Shenzhen, has launched a seven-year US$l5O million (***** million) dragon floating rate note at six-month Libor plus 64 basis points, lead manager IBJ Asia Ltd said yesterday. The other
        Reuter  -  58 words
      • Article
        Lock icon Siam City Bank sets debenture rate
        66 26 Reuter BANGKOK Thailand's Siam City Bank pic has fixed a 3.5 per cent coupon rate for its three billion baht (S$ 179 million) unsecured debenture with warrant announced since April. Approval from the Securities and Exchange Commission is expected this month and the bank
        Reuter  -  66 words
      • Article
        Lock icon China's Exim bank to issue bonds
        65 26 Reuter BEIJING The Export and Import Bank of China will issue 1.7 billion yuan (***** million) worth of bonds next Tuesday to finance exports, the China Daily said yesterday. The Bank of China will be the sole subscriber of the bonds, available only on
        Reuter  -  65 words
      • Article
        Lock icon India's state-run banks seek more freedom on loans
        345 26 Reuter BANGALORE India's state-owned banks, facing stiff competition in the wake of fi-nancial-sector reforms, need more autonomy over who they can lend to. Bankers yesterday said the reforms had allowed new modernised private banks to begin operations while existing foreign ones operated
        Reuter  -  345 words
      • Article
        Lock icon Wheat stocks poised to hit lowest level since 1972
        160 26 Bloomberg Business News WASHINGTON Drought, reduced plantings and poor growing conditions in major wheat countries will cut world wheat stockpiles to the lowest point since 1971-72, the US government said on Tuesday. The Agriculture Department, analysing world grain conditions in a
        Bloomberg Business News  -  160 words
      • Article
        Lock icon Chase to peddle currencies to mid-sized companies
        168 26 Bloomberg Business News NEW YORK Chase Manhattan Bank has started to peddle foreign-exchange products to a market neglected by most dealers: middle-size companies. This summer, the bank set up a three-person group to drum up business with companies that buy foreign currency US$5OO,OOO
        Bloomberg Business News  -  168 words
      • Article
        Petrol futures tumble a fourth day as supplies rise
        162 26 Bloomberg ENERGY REPORT NEW YORK Petrol futures on the New York Mercantile Exchange tumbled a fourth day as US supplies rise even though refiners are racing to sell off some grades. Petrol stockpiles rose 1.8 per cent last week to 209.4
        162 words
      • Article
        Lock icon US banks heading for another crisis: Norwest chief
        267 26 Reuter NEW YORK Some US banks are sowing the seeds now for the next banking crisis by lowering credit standards in their zeal to make loans, according to the chief executive officer of Norwest Corp, one of the nation's biggest mortgage lenders.
        Reuter  -  267 words
      • Article
        Lock icon LONDON
        195 26 Bloomberg Business News LONDON The dollar slipped against major currencies after a government report showing rising retail sales fuelled concern about inflation and sent US bonds lower. The Commerce Department said retail sales rose 0.8 per cent in August. Analysts had predicted that it would rise 1.1 per cent.
        Bloomberg Business News  -  195 words
      • Article
        Lock icon NEW YORK
        100 26 AFP NEW YORK The dollar was mixed yesterday at the opening of the money market, losing ground against the mark and edging up against the yen following latest figures showing retail sales up 0.8 per cent in August. In early trading, the dollar was trading at 1.5433 mark
        AFP  -  100 words
      • Article, Illustration
        Untitled
        1330 26 I rode >< rtfhtnj inUr\ ixik ulaied against S'porrs lop 14 trading partners. Bast- yrar I9B< US$/S$ forward rates Noon Sep 14 ss Bid Offer I month ***** 1 4859 2-month 1.4834 1.4849 1-month 1.4822 I.4S37 6-month 1 4785 1.4805 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am m
        1,330 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, JGBs end higher on firm yen
        1269 27 HfflrfT 1* SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Japanese government bond (JGB) futures ended higher in moderate trade. Dealers said Euroyen firmed on the back of the appreciating yen. The dollar drifted lower to 98.53 yen at the Tokyo close. "The Euroyen
        Reuter  -  1,269 words
      • Article
        M'sia rubber higher on short-covering
        658 27 COMMODITY REPORTS RmMW KUALA LUMPUR: Rubber prices closed higher on shortcovering by European players. "Generally, there was a lot of short-covering. Prices have dropped too much in recent days," a dealer said. "Europeans are also seen covering their positions for nearby SMR CV, L, SMRIO
        658 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Gold, silver lower in quiet trading
          51 27 SYDNEY Spot gold and silver edged lower in quiet Asian trading yesterday before the holiday in Japan today. Selling from Japanese commission houses at midday pushed silver and gold futures prices lower on the Tokyo Commodity Exchange, while short-covering by dealers sent spot prices
          51 words
        • Article
          Japanese beef import stays firm
          69 27 TOKYO Demand for imported beef is expected to stay firm in the coming week as retailers gear up for seasonal winter fare featuring loins, traders said yesterday. Shortages in various Australian and US cuts kept prices steady. Shipment delays of up to 20 days in
          69 words
        • Article
          Drought destroys Indon rice fields
          57 27 SINGAPORE A prolonged drought in Indonesia may have destroyed 150,000 ha of rice fields in Indonesia, up from 111,000 ha estimated a month earlier, the Jakarta Post said yesterday. But the government will make efforts to expand rice fields so as to keep supply adequate,
          57 words
        • Article
          Japan importing less cotton
          54 27 TOKYO Japan's customs-cleared imports of cotton fell 33.S per cent in August from a year before to 38,469 tonnes, according to a preliminary report issued yesterday by the Ministry of Finance. Total value of August cotton imports fell 23.7 per cent from a year before to
          54 words
        • Article
          Indian soymeal export steady
          54 27 NEW DELHI India's soymeal exports in the first eight months of the 1993-94 season are pegged at 1.708 million tonnes, compared with 1.706 million a vear earlier, the Soybean Processors Association ot India said. The association gave the figures in the latest issue of the SOPA
          54 words
    • Article
      COMMODITY PRICES
      1347 27 Rubber Sep u ■jlnnpnri Commodity Firfctoia Physical PrfcM (faturm drntag m at S.3t»m) Biiym SaNars As at 12 mm (S cents/kg) IBS 1 Caatract (S cents/kg) Vn||im pr— RSS 2 Oct 94 191.25 I92.25N H h lnm /.JSmS inleSS RSS 3 Oct 94 190.25 191.25N Hl>h Sctt (t0nnc,)
      1,347 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1036 28 +6.9 LOWER than expected inflation -data from the US helped relieve anxieties yesterday, pushing $hare prices to a firmer close. The key All Ordinaries Index closed 6.9 points higher at "3,050.5. The All Industrials "climbed 12.0 to 2,910.8 and the All Resources rose 2.9 to 1,412.4. Turnover totalled 205.6
        1,036 words
      • Article
        Manila
        664 28 +0.13 Stocks moved sideways yesterday as a strong peso weighed down dollar-sensitive blue chips, but bargain hunting on •some second-liners cushioned the fall. "f The PSE Index gained 0.13 to close at 2,953.37 points. Volume was 3.22 billion shares valued at 2.31 billion pesos. An analyst said an appreciating
        664 words
      • Article
        Taipei
        586 28 +70.16 Share prices rebounded 70.16 points to close at 7,025.18 yesterday on stronger financial issues. Last-minute active buying of financial issues, especially those of the three banks run by the Taiwan provincial government, pushed up prices over the psychological 7,000-point level. Turnover expanded to 1.2 billion shares valued at
        586 words
      • Article
        Seoul
        421 28 +3.98 Hitting another record high for the year in two days, share prices soared yesterday in hectic trading, despite the government's cool-down measures. The Composite Index ended at 999.36 points, up 3.98. But falls outnumbered rises 670 to 178, with 77 issues unchanged. Turnover was 39 million shares valued
        421 words
      • Article
        New Zealand
        324 28 +22.24 Heavy buying of Telecom shares combined with strong interest in Fletcher Challenge and Carter Holt Harvey took shares higher at the close. Telecom finished 10 cents higher at NZ$5.3B on turnover worth NZ543.91 million while Fletcher Challenge gained 12 to NZ54.25. Carter Holt Harvey gained three to
        324 words
      • Article
        Bombay
        61 28 15.49 Stocks recovered after a dull start and climbed steadily from mid-session on sustained buying by financial institutions. Prices, however, did not move further because of slight selling pressure from Unit Trust of India, the country's largest mutual fund. The 30-share BSE Index moved up 15.49 points to close
        61 words
    • WORLD STOCK MARKETS
      • Article
        London
        634 28 -41.6 EQUITIES finished sharply *,k>wer as investors continued i to worry about further inter-!-!*st rate hikes following -'Monday's surprise 50 basis -.point increase. J Analysts said yesterday's larger-than-expected rise in '< IJK. retail prices had fceinforced concerns that v hase rates may be raised :?fcgain this year. News that
        634 words
      • Article
        Paris
        157 28 -16.42 ■French stocks fell as signs of •quickening inflation in the *JJK and US raised concern ttiat interest rates may rise faster than expected. "The US numbers were disappointing," said an Economist. "It doesn't calm > fears of inflation. It shows a fairly steady growth." The CAC-40 Index end*ed
        157 words
      • Article
        Milan
        125 28 +56 Italian shares edged higher on short-covering in technical trade ahead of today's close of the September trade account. Insurers lead the way with Generali benefitting from the bonus 1-10 rights issue beginning tomorrow. The Mibtel ended 56 points higher at 10,381. Volume was modest at around 550 billion
        125 words
      • Article
        Amsterdam
        232 28 -2.13 Shares closed weaker having spent almost the entire session in negative territory, bogged down by weak bourses elsewhere, a soft dollar and easier bunds. Despite flirting with nearby support levels, the market managed to hold above the 410 point barrier. The AEX Index ended down 2.13 points at
        232 words
      • Article
        Frankfurt
        201 28 -5.95 German stocks fell, dragged ""down by losses in the bond ''market, as fresh evidence of "'the pace of price rises kin><lled inflation concerns !>igain. Bonds had suffered .'.from earlier reports that west German wholesale prices rose 0.2 per cent in Analysts expected "the pace of price rises to
        201 words
      • Article
        Brussels
        185 28 -16.52 t .Belgian stocks dropped for the eighth day amid concern that global interest rates will still further. The Bel-20 Index fell .'*516.52 points to 1,421.79. It was the index's biggest onedecline since June 20. "It's all down to interest ••'grates," said an analyst. K The yield on the
        185 words
      • Article
        Stockholm
        115 28 -1.20 Swedish shares closed slightly lower after a volatile day squeezed between higher debt market yields and weak foreign bourses, though brokers said the bourse had underlying strength. "It looked good when we started but it did not have the power to resist higher debt rates and weak foreign
        115 words
      • Article
        Zurich
        294 28 -21.1 Swiss shares ended lower in line with major European bourses. Trading was quiet. Dealers attributed losses to a lack of buying interest. Easier bond futures and the weak dollar dampened sentiment. The SMI Index of leading shares fell 21.1 points to 2,637.7. The All-Share SPI eased 11.13 to
        294 words
      • Article
        Johannesburg
        299 28 15 Gold and mining related shares held on to good gains on buying ahead of today's futures close-out, but some late selling took them off the day's highs. "Locals seem unlikely to take it further and there's some selling coming in," a dealer said, adding that the market might
        299 words
      • Article
        Toronto
        217 28 +0.13 Stocks opened virtually flat as the market searched for direction in a post-Quebec election dearth of news. "The market is sort of fiat," said an analyst. "I don't expect too much ot a market movement here because I think the Canadian market is to some degree overbought." The
        217 words
      • Article
        New York
        720 28 •1.01 The Dow Jones Industrial Average, which rebounded 19.52 points on Tuesday, was off 1.01 points to 3878.85 at 11am EDT. The key barometer was ahead 1.68 points shortly after the market opened. The New York Stock Exchange Composite Index was on 0.19 to 257.65, while Standard Poors
        720 words
      • Article
        Untitled
        565 28 Britannia Funds SiCTii«t Cash BM Offer Mum Cap DepoM 31 6400 M 6500 Mm Jersey C3T AI»J 0.1992 Mm M« Income *0.1900 <0*200 USS Cask Income Plus Fund *9 5100 ******0 PS Reserve Fund ****** *5 3200 045*2 0 493« Far EM Fund *1.7650 *2.9730 Mm Portfolio ***** 2.1900 UK
        565 words
    • Article, Illustration
      Lock icon HONGKONG
      2601 29 Bloomberg Business News HONGKONG Stocks posted their fourth drop in five trading days, mirroring a fall in Hang Seng Index futures for September settlement. "The futures market restrained the stock market from going up in the morning," said one trader. "It's unusual for futures to contradict the market. In
      Bloomberg Business News; Source: Bridge Info  -  2,601 words
    • Article, Illustration
      Lock icon CHINA
      445 29 CLSA THE Shanghai B Index fell 2.49 points to 923.1S on turnover of U554.29 million. Haixin advanced 1.2 per cent on active turnover of US$3OO,OOO. Phoenix Bicycle rallied almost 13 per cent, recouping Tuesday's loses. Shenzhen B shares reflected Shanghai's dip and reversed their previous climb, falling 9.52 points
      CLSA  -  445 words
    • Article, Illustration
      Lock icon TOKYO
      2438 29 Reuter TOKYO Stocks ended lower as sporadic corporate stock selling ahead of half-year book closings on Sep 30 weighed heavily on prices, brokers said. Moreover, declines in the futures market triggered dealer selling in the afternoon, they said. Many investors were sidelined ahead of a market holiday today and
      Reuter; Source: Bridge Info  -  2,438 words
    • Article, Illustration
      Lock icon BANGKOK
      1405 29 Bloomberg Business News BANGKOK Stocks rose after a report on Tuesday showed US inflation was lower than expected. "The consumer price index was better than the consensus, and investors are responding," said a trader. The SET Index rose 28.41 points to 1,536.14. Turnover was 151.9 million shares worth 12.7
      Bloomberg Business News; Source: Bridge Info  -  1,405 words
    • Article, Illustration
      Lock icon JAKARTA
      926 29 Reuter JAKARTA Stocks closed higher in moderate trading although Barito Pacific Timber closed down after releasing disappointing first-half results. "Overall, the market rebounded quite strongly today, which was expected after two big falls," one broker said. Barito received some support near the close but was still under selling pressure.
      Reuter; Source: Bridge Info  -  926 words
    • Article
      CLOB INTERNATIONAL
      1705 30 SOun(M)Wl» <0*7.000 Bf Capital WS7.000 MBf Hldp 50c SS&:==8g8 U»HceTSR97 4.245 000 Mctum COTD 3,650,UW BXRrro* 3.413.000 .1 3.2 70.000 XwrtcLd 3.111.000 £™HEM0C 2,915,000 Ganda Hkkf 2-^16.570 Kuhm (MjwiW CASH 50c W.M5.M0 GoWen Plus H 12!HS NBT 10.812,950 MBf Capital 'S-iwiio Muhi-Purpose Bnfx&rzrrrziSwj» (rati Samanda Hldgs 69) $0
      1,705 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks rise as worries about inflation fade
        3796 30 Bloomberg Business News KUALA LUMPUR Stocks rose as investors, reassured by good inflation news in the US, bid up prices. Traders said another reason for the market's strength was a growing perception that the AlArqam movement won't react violently to the government's crackdown.
        Bloomberg Business News; Source: Bridge Info  -  3,796 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        6828 31 Gr Cr M Wl I m Val Da v Lmt Qmw Mi Dl> YH Nil Caa A«t l_ -j Sate CM6) Hi«k La. Bayer SeBw CW F/I £2 ftka MOUSTMM. MID COMMERCIAL 1440 IJ} ml I Acma 1020 unck 39 1020 1010 1010 1020 17.5 4.7 U 16.3 703.1 995
        6,828 words
      • Article, Illustration
        Lock icon Local shares slip as investors turn to M'sian stocks
        1777 32  -  By R Sivanithy SINGAPORE Trading activity slipped a notch or two yesterday, confining the Straits Times Industrials Index to movement within an eightpoint band and restricting gain* in Malaysian stocks. Most attention was on Malaysian shares traded over-the-counter on dob International,
        Charts by Bridge Info; Source: Bloomberg  -  1,777 words
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      235 21 NEWS VALUE Hon today's ne*s might affect your stocks CBD office rentals up 15pc since second quarter (pg I) Prices of counters with good commercial property exposure have been moving upwards recently. Further appreciation can be expected. Strength el S$ dampens interest rates (pg 1) Will help underpin Singapore stocks
      235 words
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      289 22 i Seminars for Mnior management I Computer I Security and Control I These seminars will focus on the security features of three popular systems, the AS/400, UNIX and Novell Netware. The topics discussed will be of concern to senior management who have to manage and control such systems. The seminars
      289 words
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      Page 23 Advertisements Column 1
      18 23 Shake-up at Eastern Express, Pg 25 r l P' |v jgpj safe be fM ill p TELEPHONE 292
      18 words
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      Page 23 Advertisements Column 2
      196 23 Sji«s ■■MmrSISS m^^^K:" «*>«MlSiM* M <«•<■ *»*«<■ im«l m 1 *tjVs«l*a m^H*'" m '(K l M SHp* HOTEL FOR SALE RAMADA GRAND, ADELAIDE, AUSTRALIA High Yield One of Adelaide's Newest Major Hotels O Beach Front Location Winner of 9 Australian Tourism Awards Ramoda Grand is Adelaide's only international standard beach
      196 words
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      Page 24 Advertisements Column 1
      1048 24 PAN PACIFIC PUBLIC COMPANY LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 23rd Annual General Meeting of PAN PACIFIC PUBLIC COMPANY LTD will be held at No. 16 Fan Yoong Road, Singapore 2262 on Friday, 30 September 1994 at 10.30
      1,048 words
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      Page 25 Advertisements Column 1
      258 25 THE COMPMKS ACT, CAPS JECS TRADING PTE LTD (In Voluntary liquidation) At an Extraordinary Ganaral Meeting of tha obovenemod Company hold on the tti dey of September, IM4 tha following Special Resolution was pessed:WMOMSUP It woa resolved THAT the Compeny be wound up voluntarily pursuent to Soction 290(1Mb) of tha
      258 words
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      Page 25 Advertisements Column 2
      245 25 PAN PACIFIC PUBLIC COMPANY LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of the Company will be held at 16 Fan Yoong Road, Singapore 2262 on 30 September 1994 at 10 a.m. for the purpose of considering
      245 words
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      Page 25 Advertisements Column 3
      276 25 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 THE COMPANIES ACT. CHAPTER 5# STRIDING PTE LTD At an Extraordinary General Meeting of STRIDING PTE LTD duly convened and held at 10 ANSON ROAD. #2<M)5 International Plan. Singapore 0207 on the 30th day of August 1994. the following special resolutions were duly
      276 words
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      Page 25 Advertisements Column 4
      76 25 I/* MOTICB Of RBMOVAL With effect from 16th September 1994, IjSi NxjJ Danzas S.E.A. Area Management Office mk will be located at: 6 Shenton Way #17-09 DBS Building Tower Two Singapore 0106 jSS S5 Our contact numbers remain unchanged: >>25 «i Telephone 227-1559 M Appetising. Tempting. Irresistible. Marvellous. Delicious. Any
      76 words
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      Page 25 Advertisements Column 5
      142 25 AMOY CANNING CORPORATION (SINGAPORE) LIMITED LOSS OF SHARE CERTIFICATE The following ordinary share certificate has been reported lost or destroyed:Certificate No. In the name of No. of Shares A ***** Wong Ching Chee 15,464 NOTICE IS HEREBY GIVEN that if within fourteen days from date of publication, no claim or
      142 words
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      Page 27 Advertisements Column 1
      42 27 Cant keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor "TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified. Home Needs Classifications 126 to 146. fffr CATS.
      42 words
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      Page 27 Advertisements Column 2
      40 27 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. STRAIGHT TALK You shouldn't Have to read between the lines to get the ful picture. Companies Markets Everyday. Business Times
      40 words
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      85 28 Hi. PHILISHAVE 18 ABOUT PERSONAL CHOICE. The choice of a Philishave is all about looking j three heads with 90 Microgrooves each that trap MB your best. Philishave Rota '93 has a new improved pHKi f» lf even stubbte teke wr >«*** ehoto IB shaving head with Microgrooves that gives
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      58 31 SINGAPORE THE HOUR GLASS Takashlmaya Shopping Centre Tel. *****20 Lucky Plaza Tel. *****62 Scott» Tel. *****27 Centrepotnt Tel. *****98 Peninsula Plaza Tel *****09 Raffles Hotel Tel. *****41 World Trade Centre J/VfTel. *****51 Changi Airport Terminal 1 (West W*xj) Tel. *****60. Terminal 2 (South Wing) /ll Tel *****81 MALAYSIA THE HOUR
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      307 32 jdfl I jfl| ij jfl jjfl "^V_ jfl r J?Mr if y £^m V r |F With Phone Direct, you have total *4 banking convenience. Wherever you are. PhOnCDirCCt a on^^on^^ customcr y OO can now ta ce ma^c Phone Direct truly unique, your personal care of your banking without
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      9 32 Personal Finance and Investment, every Saturday in Executive Lifestyle
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  • Shipping Times
    • Article
      Rates on Europe-Asia trade to rise on Jan 1 next year
      437 33  -  By Rahita Elias SINGAPORE Shippers will have to pay more to move cargo from Europe to Asia from next year. Members of consortium Eastbound Management Agreement, which includes national carrier Neptune Orient Lines, will implement another "rate restoration" exercise
      437 words
    • Article, Illustration
      Lock icon Britannia may be port-bound after decommissioning
      226 33 AFP LONDON A government minister on Tuesday dashed the hopes of bidders queuing up to turn Britannia into the world's most exclusive cruise ship when he suggested the royal yacht would stay in port, once decommissioned. No decision has been taken over what to
      AFP  -  226 words
    • Article
      Lock icon Lawyers differ on Exxon Vuldez oil spill
      281 33 Reuter ANCHORAGE, Alaska Lawyers gave an Alaska Superior Court jury widely divergent descriptions on Tuesday of damage caused by the 1989 Exxon Valdez oil spill. The differing pictures emerged in final arguments over the lawsuit filed against Exxon Corp by Alaska Native corporations
      Reuter  -  281 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      815 33 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 4/5 Bait Orient Line 7 4/5 Bank Line. The 9
      815 words
    • Article
      Lock icon Kuwait Oil Tanker to order three VLCCs
      157 33 Reuter KUWAIT Kuwait Oil Tanker Company has won approval from owner Kuwait Petroleum Corp for plans to build three new very large crude carriers (VLCC). an oil industry official said on Tuesday. The company will shortly begin preparation of specification documents for foreign
      Reuter  -  157 words
    • Article
      Lock icon Tunisia earmarks US$300m to expand merchant fleet
      523 33 International Transport Journal BASLE The Tunisian government plans to spend some US$3OO million (***** million) to buy new and secondhand vessels as part of a move to modernise a superannuated merchant fleet. State enterprise Compagnie Tunisienne de Navigation (CTN) is in danger of
      International Transport Journal  -  523 words
    • Article
      Lock icon Boost for owners as freight index breaks 1,500
      448 33 Reuter LONDON The Baltic Freight Index climbed above 1,500 for the first time since Aug 24 with an 11-point rise to 1,506 on Monday, reflecting the growing feeling that prospects are improving for owners, brokers said. Substantial contracting business is reported from
      Reuter  -  448 words
    • Article
      Daily Freights
      1558 34 THE Baltic Freight Index climbed above 1,500 for the first time since August 24 with an II point rise to 1.506 reflecting the growing feeling that prospects are improving for owners, brokers said. Substantial contracting business is reported from Japan, where it is understood that Nippon Steel Shipping
      1,558 words
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      THE SHIPPING GUIDE
      12986 42 This is a list of ships loading at Pn Singapore for ports around the Nil world. It tabulates, by destination. Nz the name of the ship, the shipping 29 line involved and the estimated dates of arrival and departure from the Port of Singapore. I LEGEND PN:
      12,986 words
    • Article
      SHIPPING AGENTS
      3342 47 Containerline NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pie Ltd (SyAccord Contr Line (PK/PN). Ad km Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S).
      3,342 words
    • Article
      COURIER SERVICES
      273 47 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716, *****80. Airsvvift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. CitY-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services Tel:
      273 words
    • Article
      AIR FORWARDERS
      1523 47 Abe* Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel. 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Carta Now Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
      1,523 words
    • Article
      PORT CONDITIONS
      2540 48 ALBANIA Durres: One vessel discharging bagged cement, 2 vessels awaiting berth in roads of which 1 to discharge gasoline. I to load fer-ro-chrome. ARGENTINA Santa Fe: No vessels berthed, none in roads. Diamante: One vessel berthed loading maize, no vessels in roads, no vessels due. San Lorenzo: Five
      2,540 words
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      CRUISE & FERRY SCHEDULES
      604 48 CRUISE FERRY SCHEDULES CRUISE SHIPS A IT Pep Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No SEPTEMBER 16 16 Russ 0800 1700 Kuantan Jardine Shpg Agencies 224-1032 16 16 Renaissance 2 1000 1930 Cruise to Nowhere Lines lnt'l Holdings 224-2763 16 16 Delfin Star 1200 2100
      604 words
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      SHIP SALES & TANKER RATES
      586 48 SHIP SALES TANKER RATES THE market continues to thrive, remaining very active and whilst the majority of the transactions continue to be in the dry sector, especially handy/handymax bulkcarriers, one of the most interesting deals this week involves an aframax tanker. Commencing with the tanker deal mentioned above, it is
      586 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        728 49 Vessel Voy No Betlh Amval Departure Vessel Voy Wo Berth hrhnl Departs JurOilg Port Sun Flower 54 P07 along"** 1509 1100 PS/137 111 alongstde 15 09 1200 Sun loy 09/9* P04 alongsrde 1409/1600 Batam Babagia 09 03/94 14 alongside 15 09,2300 Trans St* 128A P07 609 '3400
        728 words
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        CONTAINER SCHEDULES
        1807 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance RsJts Shp Voy No Etb/Btr Period From To From Ifa Rose OS78 16, 2359 IB 14/1500 14/1859 14/1900 H0S 3 15/0700 15/1159 15 1400 4 15/1200 15/1459 15,1700 U Ifracle
        1,807 words
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        VERITAS BUNKER QUALITY REPORT
        607 49 Gabon Sep 8 Density Hater Residue Ash Mftiun Sedknent MM Exxon RG'M*3 *i V/V 'MM M,M PPM method BO/Carac Units Spec E25 991 10 150 010 30* 010* Spec G35 991 10 18 0 015 30* 0.10* Northern Europe 180 Ave 980 0 2 12 8
        607 words
      • Article
        COCKETT BUNKER MARKET REPORT
        865 49 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. I The Cockett Bunker Price Index change
        865 words
    • Article, Illustration
      Lock icon The revolution in shipping
      1441 50 Containerisation started 25 years ago and it has revolutionised shipping in the major trading lanes in the world. What has gone wrong to cause container lines to lose billions of dollars over the last decade? International Transport Journal FOR decades the trade between Europe and the
      International Transport Journal  -  1,441 words
    • Article
      TRANSPORT DIARY
      286 50 COURSES Title: International Freight Forwarding I (SDF 70%) Duration: Sep 15 Nov 24 (11 evenings) Organiser Singapore Freight Forwarders Association Tel: For more information contact SFFA Secretariat at 253-7550 or fax: 253-2303. Title: lATA-FIATA Basic Air Caigo Rating Duration: Sep 19-24 Organiser International Air Transport Association Tel: For
      286 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon UK air traffic increase bodes well for airlines
        447 52 Bloomberg Business News LONDON UK airport operator BAA pic, said on 1 uesday its three London airports and four others in the UK had their busiest month ever in August when they handled a total of 9.2 million passengers, a 6.4 per
        Bloomberg Business News  -  447 words
      • Article, Illustration
        Lock icon World's biggest carrier
        66 52 Reuter TOULOUSE, France Airbus Industrie's first super carrier A3OO-600 Beluga during its first three-hour test fll jht fl« I uesday Toulouse airport. The Beluga, the biggest carrier in the world with a volume of 1,400 cubic metres, is replaang the Boeing aircraft that transports the various parts
        Reuter  -  66 words
      • Article
        Lock icon Serious security problems at JFK Airport: report
        292 52 Los Angeles Times NEW YORK A secret federal report has found serious problems with airfield security at John Kennedy Airport in New York and raised doubts about whether it is adequate to protect against terrorist attacks. As a result, the airport's operator, the
        Los Angeles Times  -  292 words
      • Article
        Lock icon Indian Airlines cancels flights as rivals lure pilots
        519 52 Reuter NEW DELHI Indian Airlines (IA), India's biggest airline. is cancelling flights because it does not have pilots to fly the aircraft. Last month, in a major exodus, 24 pilots flying the stateowned largely domestic Indian Airlines fleet of Boeings and Airbuses
        Reuter  -  519 words
      • LOG BOOK
        • Article
          Lock icon Ford recalling 222,000 cars
          70 52 Reuter DETROIT Ford Motor Co said on Tuesday it is recalling 220,000 1994 model Lincoln Town Cars, Mercury Grand Marquis and Ford Crown Victorias to fix a problem with the brakes. Ford said certain nuts and bolts that attach the brake backing plates to the rear
          Reuter  -  70 words
        • Article, Illustration
          Lock icon Blessings for rapid transit system
          43 52 Reuter TAIWAN Taoist monks sit inside a train compartment of Taipei's Rapid Transit System on Tuesday as they bless for an earlier opening of the system in order to ease the major traffic chaos in the capital. Reuter
          Reuter  -  43 words
        • Article
          Lock icon Delta will miss cost-cutting deadline
          65 52 Reuter ATLANTA Delta Air Lines Inc chief executive Ronald Allen said on Tuesday the carrier will miss an internal deadline today for submission of final cost-cutting plans. But he said following a speech to the Atlanta Kiwanis Club that for the first time Delta is
          Reuter  -  65 words
        • Article
          Lock icon Public sale likely in Nov: Renault
          72 52 Reuter PARIS France is more likely to make its planned public offer of shares in Regie Nationale des Usines Renault in November rather than December, said Louis Schweitzer, chairman of the car group, on Tuesday. Mr Schweitzer said the company still needed to discuss
          Reuter  -  72 words
        • Article
          Lock icon Fund buys stake in Frontier Airlines
          60 52 Reuter WASHINGTON The Meridian Fund Ltd took a 7.3 per cent stake in Frontier Airlines Inc of Denver. Meridian, a Houstonbased investment fund, bought 250,000 Frontier shares between July 27 and Sep 8 for a total of U*****,313 (*****,969), according to a Schedule 13D
          Reuter  -  60 words
      • Article
        Lock icon Toyota to produce more vehicles in US, Canada
        374 52 AP WASHINGTON Toyota Motor Corp on Tuesday announced plans to produce nearly 800,000 cars and trucks in North America in 1996, 48 per cent more than the number of vehicles the company now assembles in plants in the US and Canada. Most
        AP  -  374 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1654 52 city nm eta w no_ aft eta *6* Abu WuW GF146 1120 GF147 1850 Cwm SR183 2105 GA965 1130 G*»n|*ho« 5Q803 2045 SQ604 1145 ||2| I ll«—4 VN741 1310 VN740 1410 «SS w SB? flg 1,30 mm. 5555 0505 Soo -mm**, vkm. ,310 song jj» S025
        1,654 words
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        Lock icon Avis rental cars in Florida get crime prevention systems
        402 52 Los Angeles Times LOS ANGELES Responding to violent crime's increasing threat to Florida's No. 1 industry, the US$32 billion (Ss4B billion) tourist trade, Avis Inc has begun to equip its rental cars with security and navigational systems. Avis plans to install
        Los Angeles Times  -  402 words
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      21 33 2 New Services to Far East RTA Arriving Wed to Pusan Incheon IAX Arriving Fri to Tokyo, Osaka Yokohama H(fflne 326Q23Q
      21 words
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      Page 33 Advertisements Column 2
      26 33 Lines and services represented by Members of the Registry of Accredited sB0j; Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      26 words
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      Page 33 Advertisements Column 3
      52 33 the jg FAMOUS n^ Cgupopi ■iMIIIgI* 224 1833 For more information pleatie refer to Pg. IS The revolution in shipping, Page 18 UK airports' traffic increase bode well for airlines, Back Page 12-TK-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Every Thursday. SINGAPORE r wi Business Times WE
      52 words
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      2215 34 ,4:<PQ;l7„r. WJfPOiJT,,.. IMPORT.... IMPORT.... I NORTH AMERICA] I OTHER DESTINATIONS I I NORTH AMERICAj I PtMCT CALL TO WEST COAf* Sfiß YTO BAST COAST SOUTH AMCWCA SEWVK* I SKMFOWE CALgQWHU BWMt (PWCT PWOM Wi«T COAT) »tyi *0Y SPORE l» OAK *CR St* o*l HOUSTON CMC Iff MEBCO OTT VESSEL STORE
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      2249 35 OOCL (S) PTE LTD JARDINE SHIPPING AQENCIEB JAROINE SHIPPING AGENCIES SON. BHD. 200 CANTONMENT ROAD. 12-05 SOUTH POINT. SINGAPORE 0208 PETALING JAYA TEL: 03-*****76 FAX 03-*****42 CFS 03-*****42 CR NUMBER **********0 C PENANG TEL: *****4 FAX: *****1 DOCUMENTATION TEL: *****55 (INWARD>/*****90 (OUTWARD) IPOH JE|- *<2703/4 FAX *****6 CUSTOMER SERVICE TEL
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      Page 35 Advertisements Column 2
      1810 35 ■OSO3SHB3E I A MAERSK IS PEOPLE ll P f 9 K fc i V«iMi Voy ETA ETD F««tored fry s r c T destinations Not MARIE MAERSK V 9406 20/09 oeoo has HaiHiIMHiaMMBMMiMMIIi: CF S 19/09 2358 MRS JOM LPK PEN OAK LGB SFO MEM ATL MIA CMS BAL PML
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      1694 36 IVI I" AQAOA R'DAM, lI ALSO ACCEPTING FROM f VESSEL VQY NO SPORE JEOOAH (ViA JED) S TON H BURO A'WEtV HAVRE WEST MALAYSIA DRESOEN EXPRESS 16/336 17/9 26<9 03 10 05/ '0 08' '0 10/10 '2/10 Pof Kelang, Penang FRANKFURT EXPRESS 75/137 23/9 08.' '0 11/10 09' 10 Pasir
      1,694 words
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      Page 36 Advertisements Column 2
      584 36 CSZBB9 AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Doqharun) C.1.5./RUSSIA: Vostochny, Vlsdivoslofc, Moscow, Baku, Tashkent, Irkutsk, Alma Ata, Ashgabad. Dushanbe. Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Bunga Pelangi V.2324 20/9 20/10 I Ned Asia
      584 words
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      Page 36 Advertisements Column 3
      1247 36 NORASIA NORASIA AL-AAAMSOORAH 9436 3 16/09 05/10 09/10 10/10 13/10 14/10 11/10 12/10 10/10 15/10 J SI PRICE 437W 19/09 OC/10 10/10 11/10 09/10 10/10 10/10 11/10 U/10 13/10 -I NORASIA HONGKONG 9430 3 26/09 13/10 17/10 1«/10 16/10 17/10 17/10 1«/10 18/10 20/10 I NORASIA PEARL 9439-3 05/10 24/10
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      1092 37 H STRAITS SHIPPING PTE LTD 10 Hoo Chiang Road #11-01 Koppoi Towers Singapore 0208 Tol: *****88 Fax: *****17 ■uitwiiiM«MijjiMiMyiiw«aaiH!Mi new guinea pacific line < a service of CHINA NAVIGATION CO) ACCEPTS Kar' CARGO out SMLS STRAITS PRBE *1* Muara. LA 13-14 Sep 15 Sep 1C Sep FCL, LCL CONTAINER ANO
      1,092 words
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      Page 37 Advertisements Column 2
      2763 37 P&O Containers PAO Containers (Singapore Agencies) Pte Ltd w 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0206 First Class Connections WORLDWIDE S >£2! loSJi'iV^lz: ***** PNOCSP *F" 225 5327 222 EXPORT IMPORT 1 VESSEL WO* *Mt -MO SIM SOU ANT NOT HAM OOT BMC LEH VESSEL VOV ZEE OOT
      2,763 words
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      620 38 i|K EKA JAYA AGENCIES >al|r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE IHO CM MHH CITY »*<«* I HAHWHONt/ PIWCC T HMWY HQ* ?IHIII |mMa«/»34H«4 KII.YH CHAM 2HQ42S 1»H722/MM2« _MABSU Tlinnt—LUS2Z22 wham mm n«Ma« l/aQMi/MWtt 1 T6 V.ETNA*UteiAt bOHIAWUItMm* SERVICE CENTER-POINT LW» 7 LINES Htm WW tT>StO«t
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      Page 38 Advertisements Column 2
      1229 38 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 rna u*j c|fM in maim SEA YVW POX FOR VSI Sil IMI HAUL SAV (M NYC Zmomw 027t i" SUct 6/10 t/10 i/io JWOM* wu «/|J Wit HANNN VANCOUVH OIK 23/9 OKCT 13/10 15/10 U/10 «AN»
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      Page 38 Advertisements Column 3
      20 38 SPORE IBN AL ROOMI OC-191 25 SEP To Buenavontwa/Barranquia/Santa Marta/Cartai«a/ Santo Oominfo/ Pto Quetzal/ Acajutla/San loreiuo/Corinto/Pto CaMera/La Guaira/ Puerto Cabdo/Cristobat/BalMa
      20 words
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      Page 38 Advertisements Column 4
      1416 38 -i. T 3 m f J 1 F"1 1 1 mb M 1 k I 1 HI k Pili4.l.l l^,^Ml 7lJ> J M l m w is w( uc w m oa m as n« ui cm ia mt it* a> in nr ik n aa w I. GUM IE
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      1945 39 II 'NEPTUNE ALEXANDRITE 13W ETA SGP 17/09/94 II l: EEz II ETA RDM 03/10/94, FLX 04/10/94 II |j S II BRE 06/10/94, LEH 08/10/94 H I VOY I IflE "Los OAK VAH »CT ATL CCG CLE iLB PU DLL HOI HPH \OR NtA fLD TOR \IOS CALIFORNIA SATURN ~55i~ 11/00
      1,945 words
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      Page 39 Advertisements Column 2
      954 39 A 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 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****88
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      1233 40 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD NO: **********0M/GS! KG NO: M2-*****W-I) K- TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 l K MAU¥SIA: ra' JB 2?36 ,0, PGU a,**,. I JL A INDONESIA: P.T. SAAAHA LAUT MTEIWUSA. TEL: JKT *****08 ir Tio "i. n?;; "gffJSßr n't 1/9 S3&<£%dg£ U/j SCs~
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      Page 40 Advertisements Column 2
      1222 40 ©APPENSHIP (Q\J HAMBURG in/ CONVENTIONAL ft INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST I P WtSSELS LOMNNG PORTS DfSCHMGE/IONNNG FOR CAMMEAM PMNCCM VENTSPILS 06/08 HAM OS/OS ANTW 13/08 P GUOANG 13/08 SPORE 18/09 lOIWC RtGA 18/08 KLAIPEDA 24/08 HAM 26/08 SPORE 27/00 BKK 02/10 TM VENTSPILS
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      835 41 'sssrgf PACIFIC INTERNATIONAL LINES (PTE) LTD\ 140 Cecil Street, #03-00 PIL Building, Singapore 0106. j gSSSSSSS K CR NO **********0E I I i II VESSEL VOY SIN CMB JIB HOD JED AOJ AOE PZU ASA MSW I I p. KOTA BERUAN BRL2IP 20/9 25/9 1/10 3/10 0/10 7/10 5/10 10/10
      835 words
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      Page 41 Advertisements Column 2
      852 41 WMtls u H»m HAMBURG IHMtS KOTTEAOAM ANIWHHy WILE 0€ CMtMA COSW N/M 11/10 17/ 10 17/10 ALE DC SA6ITTA SOSW 27/W H/10 20/10 22/10 H/H 25/10 WUE D- A QUIA AM*"" 04/10 20/10 27/10 20/10 30/10 01/11 WUEPHTPM HOSW lyiO C 3 Wit 06/11 00/11 •ALSO ACCEPTING CAFGO 10 *11
      852 words
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      Page 41 Advertisements Column 3
      539 41 bsa 4 MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIj Pen P.Gdf HPA AN V2O4W Sid SW MVOMAYWA VIS3W In Pt IS/11 S«p SITTWE V64W 28/27 S«p MALAYSIA AGENTS BOUSTEAD SHPMhC AGENOES KUL: TEL 03 *****00 PHI TEI 03 3CM7C7 PEN: TEL 04 *****b PGD:
      539 words
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      1812 44 CO U S EAST COAST 11 pNMMH I MMIBI MREGT J jSsS®* 1 fiBSF S&s 4 "-sa sS-SSou? ***** fv: *****06 BrtskMk Src Docs; *****50 w^«l£° 573 UCM N* CCSV fa*. 22SS21S fie *****66 GST NO: M 2 *****05 X far *«n mis "5" MC MA DM QH 4M (SEI
      1,812 words
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      Page 44 Advertisements Column 2
      1302 44 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUND PKL PEN WH SW HKG KAO Wl HI YOK TKY WAG *0B OS* MO' 905 WAN 5 5555 lb 09 16-09 *****9 TToi" "24~09~ 27/09 03 10 04 10 o*>/10 wan hm mmm fToi ?c 09 2021 09 nO9 2/« 55 SEA RANGER N042 18
      1,302 words
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      Page 45 Advertisements Column 1
      673 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 19/9 ROTTERDAM 19/9 AARHUS/COPENHAGEN 19/9 HAMBURG/BREMEN 19/9 MARSEILLE/FRANCE 20/9 FELIXSTOWE/UK 19/9 BARCELONA/SPAIN 19/9 LEHAVRE/FRANCE 20/9 GENOA/ITALY W79 ANTWERP/BELGIUM 19/9 LOS ANGELES/WC/IPI 16/9 SYDNEY/MELBOURNE 16/9 NEW YORK/EC 16/9 FREMANTLE/ADELAIDE 1879 VANCOUVER 23/9 BRISBANE 16/9
      673 words
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      Page 45 Advertisements Column 2
      468 45 _<{{?}}**^)[~@'')?-=\;,\-^>}?+= I HgR-Ut BAY OF BENGAL SERVICES KSa m IMA SM real SKID 304* 17-11/ M 23 21/01 03-04/10 nca bum) U7N 21 22/w 27 02/10 07 01,10 nra ana 2* 25/01 »05/10 1011/10 NHT 00« 21-21/09 04-10/10 is-u/10 TKP ggp 3060 03-04/10 W-14/11 H-20/10 CTft WT SW CM. SN
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      Page 45 Advertisements Column 3
      215 45 MirlliiuliU Oumrmnt—d Sailing* to:|BAWGKOK/LAEM CHABANG, LAOS 20/8 (TUE), 17/9 (SAT) POT KELAN6/PENANQ 22/9 (THU). 23/9 (FW) HONG KONG 20/9 (TUE). 23/9 (FW) JAKARTA 17/9 (SAT) MAUL A CEBU SUBC BAT 19/9 (HON) HO Ctfl MMH 23/9 (FW) |SUKABATA 11/9 (SUN) BUSAN 11/9 (SUN) pl DONGNAMA LINE cqwTA—— BBHI gnwrwifwu/wi wssti
      215 words
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      Page 45 Advertisements Column 4
      615 45 I g RICHFIELD MARINE AGENCIES (S) PTE tTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E X" mnPUM SMPPM6 IMB I J (Nttional Lines ol Etfcw) ACCEPTING FCL AND CONVENTIONAL > VMM Voy ETA Lo»<J;ng For Sport Abbay Wonz 41WB 07/11 MombiM. Djibouti
      615 words
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  • Page 46 Advertisements
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      Page 46 Advertisements Column 1
      1490 46 Uyxz SS^<ffija«w? flSlft HKG/TWN/BKKI GENOfI/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK »N 15/9 16/9 17/9 HK6/BKK/KEE/KHH Genoa/Barcetona/Marseiles 22/9 23/9 24/9 17/9 18/9 19/9 HKG/BKK/KEE/KHH G'burt/Chafen/S'hobn/Oslo 23/9 24/9 25/9 19/9 20/9 21/9 HK6/9KK/KEE/KHH it£ i$ wl SSsj/™s» N JPN/KOREA/MANILA PORT KELANO/PENANG/P. GUDANG Manila/Cebu 14/9 15/9 16/9 KEELUNG/KAOHSIUNG Tokvo/Kobe/Osa/Yoko 16/9 17/9
      1,490 words
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      Page 46 Advertisements Column 2
      188 46 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ET« EM U* von rait K£uwc kwne BUI MOt 28 9 loading tor Mai* IHWM HUM) loadini tor Duba WWW IS/9 I*/' loading For Mate PWDR SWK 24 9 lojOmg For Male UMCIOH M PORT loading For Malt r«O6ttSS IHRIT SAILED TORT
      188 words
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      Page 46 Advertisements Column 3
      798 46 f JQL THONG SOON UNES PTE LTD 1 I //\V\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I V/ TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK SINGAPORE*TOTWULAMO VESSEL WY jS'PttE IDC ST VESSEL jjf Is'PME [BANGKOK EQUATOR ROYAL 117/4E
      798 words
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  • Page 50 Advertisements
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      Page 50 Advertisements Column 1
      429 50 HBDaSHH 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE SINGAPORE/PORT KLANG/SINGAPORE SINGAPORE/PENANG/SINGAPORE VESSEL I VOY SW PKL VESSEL VOY SIN PEN XOUR jWA *****N 13/9/94 (TUE) 15/9/94 (THU) MCC CONVEYOR 9443 14/9/94 (WED) 16/9/94 (FRI) MCC CONVEYOR 9443 14/9/94 (WED) 15/9/94 (THU) XOUR
      429 words
  • Page 50 Miscellaneous
    • Miscellaneous
      Page 50 Miscellaneous Column 1
      564 50 TODAY'S TIDES in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 235« It 1.0 0.1 0.7 0.1 1.0 1.3 1.6 1J 2.0 2.0 1.1 1.7 1.5 1.4 1.3 1.4 1.6 1.9 22 2.4
      564 words
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  • Page 51 Advertisements
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      Page 51 Advertisements Column 1
      910 51 L. HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 [~PKE* PGO* VESSELS VOY SIN RTM ANT* LEH* HAM B«t FEL "u/W 16/09 17/09 SI. MARINER 312* ***** 07/10 09/10 10/10 09/10 09/10 11/10 21/09 23/09 24/09 H. INNOVATOR 311W 26/09 14/10 16/10 15/10 16/10 16/10 18/10 28/09
      910 words
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      Page 51 Advertisements Column 2
      498 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSStI VOT SP PK KUC KK MM *T OHM ULY 2 ta ft 17/$ Still MEtSH 17 Sid IC/9 KUSHUN 32 IS/9 l»/» SONBAI 29 19/9 21/9 KOUSHUN 43 25/9 25/9 29/9 I WHO 106 25/9 27/9 OUTBOUND VESSELS
      498 words
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      Page 51 Advertisements Column 3
      1105 51 I I VESSEL VOV sm ETA/D LAX I OAK CH DAL MEM/COL HOU NYC NOR I ALLIGATOR TRIUMPH 57A 15/ M 02/10 04/10 OS/10 06/10 06/10 07/10 07/10 08/10 I GEORGE WASHNGTON BRPGE 81A 22/09 09/10 11/10 12/10 13/10 13/10 14/10 14/10 15/10 I ALLIGATOR PRPE 54A 23/09 16/10 11/10
      1,105 words
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