The Business Times, 18 October 1994

Total Pages: 48
1 48 The Business Times
  • 13 1 SINGAPORE Business Times MITA(P) 010/12/93 Tuesday October 18 1994 WE KNOW ASIA 75*
    13 words
  • 2am LATEST
    • 57 1 Reuter NEW YORK Blue-chip stocks rose at midsession yesterday on strong corporate earnings. At Ipm EDT in the broader market, declining issues led advances 10-8 on light volume of 130 million shares on the New York Stock Exchange. At 2pm EDT, the Dow Jones Industrial Average
      Reuter  -  57 words
    • 39 1 AFP WASHINGTON Hard work is needed if Congress is to pass the Gatt agreement by the end of the year, though things are on track, Trade Representative Mickey Kantor said yesterday. AFP
      AFP  -  39 words
  • 163 1 Stock Market indices Monday Change STII 2,387.57 +10.27 KLSE Comp 1,126.12 -2.33 Nikkei 19,958.29 -11.00 Hang Seng 9,455.94 -94.99 SET Index 1,509.47 +10.92 Jakarta Comp 511.33 +0.99 CLSA Chkia B 1,157.24 -1.37 Aust All Ord 2,014.2 +8.2 FTSEIOO 3,120.3 +13.6 Monday Previous 2pm EDT close Dow Jones 3,918.55
    163 words
  • 480 1  -  By Abdul Hadhi SINGAPORE Foreigners stepped up their presence in the private residential property market in the second quarter of this year. According to the Urban Redevelopment Authority, they bought 20.8 per cent or about one in five of all
    480 words
  • 503 1  -  From Anthony Rowley in TOKYO THE US dollar fell sharply against the mark and the yen yesterday as foreign exchange markets took a bearish view of the US Federal Reserve's unwillingness to respond in the short term to perceived inflationary
    Source: Bloomberg  -  503 words
  • 155 1 SINGAPORE Asian stock markets closed generally mixed yesterday, despite a strong opening after the release of positive US inflation figures late last week. Nearly all markets opened higher, led by South Korea's superbull, but soon fizzled out as profit-taking and caution took hold.
    155 words
  • 170 1 Bernama MIRI, Sarawak Malaysian Finance Minister Anwar Ibrahim yesterday said the 199S Budget, which he will present to the Dewan Rakyat on Oct 28, will not have many" tax deductions. He said the government could not afford to keep abolishing taxes because it
    Bernama  -  170 words
  • 294 1  -  By William Chia SINGAPORE Going by the adage that an ounce of example is worth a pound of advice, the Institute of Certified Public Accountants is cracking down on members who fail to submit their own income tax returns on
    294 words
  • 371 1  -  By Amy Balan SINGAPORE What's in a name? Plenty, if it is Hong Leong Bank. Hong Leong Bank, formerly MUI Bank, made a stunning debut yesterday on the Kuala .Lumpur Stock Exchange, reaching up to M 59.70 before closing at
    371 words
  • 494 1  -  From S N Vasuki in JAKARTA THREE Asian giants China, India and Indonesia yesterday unveiled ambitious plans to increase private-sector participation in infrastructure, indicating that regional competition for the foreign investment dollar is likely to get more intense. China's State Planning Commission Vice-Minister
    494 words
  • Page 1 Advertisements

  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 279 2  -  By Chuang Peck Ming THE SURGE in Singapore's dircct investments overseas announced at the weekend has not been at the expense of investments at home. Local investments in the manufacturing sector stayed strong in the past three years, even as those abroad jumped. According to the
        Source: MTI  -  279 words
    • 561 2  -  Arrivals expected to increase by up to 1% this year, says Goh Chee Wee By A J Leow TOURIST arrivals to Singapore are expected to top the seven million mark next year, said the Minister of State for Trade and Industry and Communications,
      Photo by Lau Fook Kong of The Straits Times  -  561 words
    • 268 2  -  By Juliette Walker JAPAN'S Mitsubishi Electronics Manufacturing expects to lay off most of the 100 workers at its car-audio manufacturing division here when it moves operations to Johor Baru by early next year. Managing director Hiroshi Kai told Business Times the car
      268 words
    • 321 2  -  By Ramesh Divyanathan THE practice of sub-contract-ing work is not what causes accidents at shipyards, said union chief Lim Boon Heng yesterday. A more likely culprit was the little care that sub-con-tractors often give to safety, the NTUC secretary-general said in response to reporters'
      321 words
  • Page 2 Advertisements
    • 131 2 `&~|])?=}`[`+"<.>`$,{,|$$:>*{;\ Lunch Hour Negotiation Starts Here. \m~ T if f that our spiral staircase is a metaphor for corporate dealings is nottiing odd... Start your proposition uihile your client spins douin to an underground haven uiitti polished Poor. Spill your ideas as he marvels at the mosaic uf paintings. Before
      131 words
    • 189 2 Korean Trade Mission 9 KOREAN BUSINESSMEN FROM INCHEON CITY WILL BE IN SINGAPORE FROM 20TH TO 22ND OCTOBER, 1994. YOU ARE CORDIALLY INVITED TO THE FOLLOWING BUSINESS MEETING HARBOUR VIEW DAI-ICHI HOTEL MAPLE ROOM I II (LEVEL 2) 21ST OCTOBER, 1994 (FRIDAY) 09:30 AM S:OOPM ♦mm PRODUCT DFTAII.S ELECTRIC ELECTRONIC
      189 words

  • SOUTH-EAST ASIA
    • 280 3  -  From S N Vasuki in JAKARTA A PROFOUND shift in favour of increased private sector participation is triggering a major revolution in Asian infrastructure. And as the business grows more sophisticated, investment banks will have to put together more innovative project
      280 words
    • 273 3  -  -By Harish Mehta SIEM REAP, Cambodia The Cambodian government last week repossessed the French-colonial Grand Hotel located in Siem Reap city from a Thai firm that had failed to upgrade it, and has invited fresh tenders for the project. Cambodian Tourism Minister
      273 words
    • 523 3  -  From Leslie Lopez in JAKARTA AN INDONESIAN court has postponed a suit brought by environmental groups against President Suharto for reallocating US$lB5 million (***** million) from a rainforest preservation fund to a controversial state-owned aircraft manufacturer. Judge Benyamin Mangkudilaga told a packed
      523 words
    • 224 3 Reuter MANILA International Monetary Fund (IMF) managing director Michel Camdessus yesterday expressed pleasure about growing investor confidence in the Philippines but aired concerns over snags in economic performance. An official said Mr Camdessus told government economic officials he was concerned there was a
      Reuter  -  224 words
    • 322 3  -  From Harish Mehta in Phnom Penh CAMBODIAN First Prime Minister Prince Norodom Ranariddh will ask the 120member National Assembly today to back a Cabinet reshuffle of key economic ministers. The vote is expected to involve the replacement of Finance Minister Sam
      322 words
    • NOTEBOOK
      • 119 3 Bernama KUALA LUMPUR The three-day visit of British Trade and Industry Secretary Michael Heseltine to Malaysia beginning today will highlight the strength and importance of the trading relationship between the two countries. The British High Commission here yesterday said that apart from reviewing many
        Bernama  -  119 words
      • 88 3 AFP KUALA LUMPUR The juice from Malaysia's national flower, which researchers said could prevent cancer and reduce highblood pressure, will soon be promoted commercially as a health drink in the country. The juice of the Roselle, a species of hibiscus, can also boost resistance to diseases, aid
        AFP  -  88 words
      • 67 3 Reuter HANOI Vietnam's rice export target of two million tonnes for 1994 is within reach, but deliveries this month may be delayed to help stabilise the domestic market. Government officials yesterday denied reports that they had halted rice exports for a month to ensure
        Reuter  -  67 words
      • 68 3 Reuter BANGKOK Thailand will pay more than US$3 million (554.44 million) to build a bridge across a border river between it and Myanmar. A Foreign Ministry official yesterday said the two countries signed an agreement in the Myanmar capital, Yangon. on construction of the bridge across the
        Reuter  -  68 words
  • Page 3 Advertisements
    • 316 3 I I -*v; jjfl I Singapore's Technology Corridor Step into space that creates the future. Here room for intelligent minds to flourish; TKI A the right environment for scientific research to I II Vj fl^l thrive, synergy that will bring your business i■_ |y into the next century and beyond.
      316 words

  • CHINA/HONGKONG/TAIWAN
    • 475 4  -  By Teh Hooi Ling SINGAPORE Taiwan will launch a three-pronged programme to achieve its ambition of becoming an Asia-Pa-eific regional business centre. It will revise its legal and regulatory system, adopt a new government approach towards the private sector and upgrade the island's
      475 words
    • 327 4 Reuter SHANGHAI Shanghai's Liberation Daily newspaper yesterday attacked what it called irresponsible reporting on the stock market, blaming newspapers and magazines for damaging investor confidence. An angry commentary in the Communist Party-run paper blamed the media for building up false expectations among
      Reuter  -  327 words
    • 252 4 Reuter TAIPEI Taiwan will further equip a meteorological station in the disputed Spratly Islands in the South China Sea in a bid to underscore its claim of sovereignty there, the Ministry of Transportation and Communications said yesterday. "Other countries such as
      Reuter  -  252 words
    • 395 4 Reuter AFP BEIJING China yesterday i reaffirmed its complete sover- I eignty over the Paracel Islands j in the South China Sea in arti- i cles splashed across the front pages of two of the country's leading official newspapers. In a commentary entitled "Patriotic
      Reuter; AFP  -  395 words
    • CHINA WATCH
      • 99 4 AFP SHANGHAI The director of a Shanghai district land administration bureau was recently sentenced to 12 years in jail for accepting bribes amounting to 850,000 yuan (S$ 146,000). a newspaper reported. Xinmin Evening News reported on Sunday that the Chang Ning district court also ordered
        AFP  -  99 words
      • 106 4 Bloomberg Business News CANBERRA Qiao Shi, the chairman of mainland China's National People's Congress and one of seven members of the Standing Committee of the Politburo, will visit Australia next month as a guest of the government. Mr Qiao will spend a week in Canberra,
        Bloomberg Business News  -  106 words
      • 115 4 AFP TAIPEI Air pollution created by Taiwan may also affect Japan and the Philippines within eight hours if the wind blows their way, a local newspaper reported yesterday. The China Times. citing a study by the Environmental Engineering Research Institute of the National Taiwan University,
        AFP  -  115 words
      • 105 4 Reuter BEIJING China, seeking to eliminate poverty nationwide by the year 2000. will hand out 10 billion yuan (SSI.7 billion) a year in financial subsidies and loans to poor areas starting this year, the China Daily said yesterday. The government would give most of
        Reuter  -  105 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 210 5 jH i M MB cttjii#' 99 ZZZ BIIBmH^^IMHL. jjjjj |HB£RHHHHBHttiS|j|^^^^iA| WHEN REPUBLIC PLAZA COMPLETES THE PICTURE AT RAFFLES PLACE. WILL YOU BE IN OR OUT? If you miss out on Republic Plaza, you'll miss out on the chance for your business to be at the heart of Singapore's business and
      210 words

  • Page 6 Advertisements
    • 871 6 THE STRAITS TIMES, FRIDAY, SEPTEMBER 30, 1994 Only one unit trust qualifies to' buy overseas stocks next year Keppel Enhanced Fund and five fund managers get CPF nod i mm but they are for LJASrc Invest- Besides Keppel, five fund aside $50,000 in cash not ear- market. The other three
      871 words

  • REST OF ASIA
    • 474 7 Bloomberg Business News Reuter TOKYO Total debt from bankrupt Japanese firms jumped 34 per cent in September from the year before to 580 billion yen (SSB.B billion), as businesses continued to suffer sluggish consumer demand. But the Tokyo Commerce
      Bloomberg Business News; Reuter  -  474 words
    • 452 7 Reuter TOKYO Japan's trade surplus, which shrank slightly in the April-September period, seems to be in a downtrend but the fall will be slow and erratic. "The surplus is slow to fall in dollar terms due to the strong yen. If it were
      Reuter  -  452 words
    • 120 7 Reuter NEW DELJII Altogether, 23 Indian cities have the potential to build high-speed tramways similar to the US$952 million (Ssl.4 billion) system planned for New Delhi. C N Ramdas, the Surface Transport Ministry's top official, yesterday said the 165-km tramway network for which the
      Reuter  -  120 words
    • 49 7 Reuter MULTAN, Pakistan Pakistani women picking cotton in a field near this town in Pakistan's Punjab province over the weekend. The Pakistani government is confident of achieving the target of 9.5 million 170 kg bales of cotton despite this year's pest and monsoon problems. Reuter
      Reuter  -  49 words
    • 80 7 Knight-Ridder TOKYO Prime Minister Tomiichi Murayama said yesterday he feels it is not necessary for the three ruling coalition parties to join and become a single party. "Each and every party has its own history, philosophy and policy. It is not necessary to merge
      Knight-Ridder  -  80 words
    • 71 7 AFP TOKYO Japan's finance ministry intends to approve a 4.1 per cent year-on-year increase in the public works budget for the next fiscal year to about 9.25 trillion yen (SSI3B billion), the Nikon Keizai Shimbun reported yesterday. The planned increase in the fiscal year
      AFP  -  71 words
    • 61 7 AFP WELLINGTON New Zealand will formally investigate ending the right to appeal to the London-based Privy Council, AttorneyGeneral Paul East and Justice Minister Doug Graham announced yesterday. The Privy Council is the final court of appeal here but there have been growing calls to
      AFP  -  61 words
    • 72 7 AFP BRISBANE Australian coal producers hoping to win higher prices at upcoming Japanese contract negotiations were told yesterday that Japan remains mired in economic downturn with no relief in sight. Hiroshi Saito, chairman of the Japan-Australia Business Cooperation Committee, told a meeting of senior
      AFP  -  72 words
    • 213 7 Reuter CANBERRA Optimism among Australian businesses is at a five-year high, with firms expecting strong sales and new orders in the December quarter, a survey showed. The Dun and Bradstreet quarterly survey of business expectations also showed the net proportion of Australian firms
      Reuter  -  213 words
  • Page 7 Advertisements
    • 224 7 Editorial: Japan's setting sun. Page 14 X>g w^vX\XXX J V\ X\\\xNs\XXX >^xxN: Ovv^tf^^BßfcliJiMWgßWfcS^gh^cg^sg^BßwMHHWWWWWßßM Specification* may vary from car shown m p«ctuw^ For the serious driver a car that's seriously dedicated to driving pleasure Once behind the wheel, you'll be engine, coupled with all round double- seconds. While its longitudinally-mounted security.
      224 words

  • THE WORLD
    • WORLD WATCH
      • 77 8 AFP BRUSSELS Nato's new secretary general, Willy Claes. officially took charge of the organisation yesterday, promising to shake up the 45-year-old military alliance and saying his first priority would be to develop cooperation with eastern Europe. The former Belgian socialist foreign minister, who succeeded the
        AFP  -  77 words
      • 88 8 Reuter MOSCOW Russia's foreign trade surplus outside the ex-Soviet Union widened to USSI3.B billion (5520.4 billion) in JanuarySeptember from US$ll.9 billion a year ago, Interfax news agency quoted the foreign economic relations ministry as saying. Ministry official Mikhail Stolyarov told Interfax exports rose 9 per
        Reuter  -  88 words
      • 83 8 Reuter LONDON Prescription drugs may be causing at least 1,000 deaths a year on British roads and are a bigger killer than drunk driving, scientists said yesterday. Research showed that hundreds of accidents could be blamed on people who had taken anti-de-pressants and tranquillisers. Psychiatrist
        Reuter  -  83 words
      • 78 8 Reuter TORONTO Canadian finance minister Paul Martin said yesterday the federal government's ultimate objective is to eliminate the deficit. "The ultimate objective is to eliminate the deficit and to significantly reduce the ratio of federal debt to gross domestic product," said Mr Martin in a
        Reuter  -  78 words
      • 44 8 Reuter AMSTERDAM The Amsterdam appeals court has sentenced Joep van den Nieuwenhuyzen, chairman of engineering group Begemann NV, to six months in jail, of which three are suspended, and fined him 100,000 guilders (5587,390) for insider trading. Reuter
        Reuter  -  44 words
      • 46 8 Reuter BERNE Swiss finance minister Otto Stich was fitted with a heart pacemaker yesterday after suffering palpitations and collapsing on Friday, the Swiss government said. A government statement said the operation was a success, but it provided no further details. Reuter
        Reuter  -  46 words
    • 362 8 Reuter MOSCOW The future of Russia's top central bank post hung in the balance yesterday as Parliament urged President Boris Yeltsin to name a candidate for the job while rival forces started vying for influence to control the bank. The influential State Duma
      Reuter  -  362 words
    • 615 8 AP Reuter BONN Chancellor Helmut Kohl, the conservative architect of German unity, has won his fourth term by the skin of his teeth. The federal election weakened Mr Kohl's coalition and his rivals predicted he wouldn't last the full four years. Official
      AP; Reuter  -  615 words
    • 304 8 AP HELSINKI Finns strongly support joining the European Union in a crucial referendum that political leaders hope will help sway neighbours Sweden and Norway to follow suit. Fifty-seven per cent of Finland's voters said "yes" on Sunday to the government's EU
      AP; Reuter  -  304 words
    • 506 8 AP AMMAN, Jordan The prime ministers of Israel and Jordan signed a draft treaty yesterday after settling long-standing differences over water rights and borders, opening the way to full-fledged peace after 46 years of conflict. The accord comes nearly three months after a White
      AP  -  506 words
    • 322 8 Bloomberg Business News HONGKONG In the midst of a trade mission to East Asia, British Minister for Trade Richard Needham yesterday said Britain was China's strongest friend in the battle against protectionism. Slamming France and Germany for what he called "double
      Bloomberg Business News  -  322 words
    • 213 8 Knight-Ridder LONDON Confidence among business leaders about the fourth quarter is at its highest level since 1988, according to a survey of 1,600 managing and financial directors published yesterday by Dun and Bradstreet, the business information service. Optimism is based on the expectations
      Knight-Ridder  -  213 words
    • 318 8 Reuter AP PARIS The Channel Tunnel will finally open for public rail services on Nov 14 at prices little cheaper than air travel, it was announced yesterday. The full opening to the public comes six months after President Francois Mitterrand
      Reuter; AP  -  318 words
  • Page 8 Advertisements
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      106 words
    • 82 8 KEPPEL FINANCE LIMITED (IncoiporaMd r> tM n»pub*c oI Singapore) ANNOUNCEMENT Foreign Sjwthojdjng Pursuant to Article 23(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company from shareholders and from information supplied by the Central Depository (Pie) Limited, approximately 12.5% of
      82 words

  • SPORTS
    • 582 9 Looking back on the Hiroshima Game AFP HIROSHIMA China's overwhelming superiority at the 12th Asian Games has forced the region's sporting establishment to do some serious soul-searching before the next Games in Bangkok in 1998. Too many sports attracting too few people left
      AFP  -  582 words
    • 431 9 AP HIROSHIMA After years of hard training and early morning running, winning a medal at an international sports meet is always welcome especially when it means getting a fat cheque as well. As athletes head home after two weeks of competition at the Asian Games,
      AP  -  431 words
    • 476 9 UPI NEW YORK The Atlanta Falcons discovered on Sunday they were not yet in the same league as the San Francisco 49ers. On this particular occasion, in fact, they were barely on the same planet. The Philadelphia Eagles, meanwhile, were also found to be somewhat below
      UPI; Reuter  -  476 words
    • SPORT SHORTS
      • Article, Illustration
        64 9 Reuter HAMILTON, Bermuda Australian Rod Davis, was declared the 3-0 winner of the Omega Gold Cup over Magnus Holmbcrg of Sweden H)n Sunday. Bad weather on Sunday forced the cancellation of the remaining races in the bcst-of-scven finals, and organisers named Davis the winner based on his efforts on
        Reuter  -  64 words
      • 271 9 NEW YORK NFL on Sunday: Atlanta 3 SF 42; Buffalo 17 Indianapolis 27; Miami 20 LA Raiders 17 (OT); NY Jets 24 New England 17; Pittsburgh 14 Cincinnati 10; Washington 16 Arizona 19 (OT); Dallas 24 Philadelphia 13; LA Rams 17 NY Giants 10, New Orleans 22 San
        271 words
      • Article, Illustration
        249 9 AFP NAPLES, Florida Beth Daniel sank four birdies in a row to launch her assault on the back nine, finishing with a course record seven-under 65 to win the World Championship of Women's Golf here on Sunday. Her victory, with four-round total of 274, paved the way for a
        AFP  -  249 words
    • 617 9 Golf AP VIRGINIA WATER, England After adding a world title to his US Open crown, Ernie Els cautioned those who would immediately include him among the royalty of golf. A day before his 25th birthday, the South African beat Scot Colin Montgomerie 4
      AP; AFP  -  617 words
  • Page 9 Advertisements
    • 1068 9 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT, CAP., 50 AND IN THE MATTER OF REGALIA INDUSTRIES PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP [PURSUANT TO SECTION 290 (I) (b)) At an Extraordinary General Meeting of the members of REGALIA INDUSTRIES PTE LTD,
      1,068 words

  • PROPERTY & CONSTRUCTION
    • 1021 10 Govt will pocket a handsome sum from sale of military site in heart of city Bloomberg Business News Years ago, it was pasture land on the outskirts of Manila city. Today, it's prime real estate in the heart of the metropolis. Indeed, Fort Bonifacio, headquarters of
      Bloomberg Business News  -  1,021 words
    • 443 10  -  By Michelle Low LOCAL tour operator turned property developer Chan Brothers Holdings has firmed up plans for its projects in New Zealand. The 0.8-ha Frankton site that it acquired in the upmarket South Island ski resort of Queenstown last year is to be developed
      Photo by Chris Loh  -  443 words
    • 519 11  -  Singapore group in a tie-up to develop a $45m leisure park in Shanghai, writes A J Leow A J Leow THK Mark Grow group, a local building materials supplier and trading company based in Jurong. is venturing into China in a big way. The
      519 words
    • 560 11  -  By A J Leow SINGAPORE-based Four Seas Construction Co has landed its biggest development project to date in Malaysia. The firm last month signed a joint-venture agreement with Jade Resort Development of Malaysia to build a 6.9-ha holiday resort on Pulau Langkawi.
      560 words
    • 297 11 PRICES of office properties rose by between 13 per cent and 35 per cent in the third quarter, hitting a new benchmark of $1,750 per sq ft (psf) for prime Grade A space against $1,600 psf previously.
      297 words
    • 356 11 Selected transactions in the past week transaction DWrld Project Type land WW (tq ft) J PRIVATE Oct 10,1994 2056 Far Horizon Gdns Condo 3+1 I 1,377 I FH 643,000 466 Oct 10,1994 I 1851 J EiasGreen [Condo3+1] 1,507 1 99 j 518 Oct 10,1994 1648 J Sea Breeze
      356 words
  • Page 10 Advertisements
    • 76 10 THE POETRY OF LIFE CAN BE EXPRESSED THROUGH A SONNET. HIS SONNET New Parker Sonnet allows your thoughts to flow as wide range of distinctive finishes. n?' S 1 V V I n%j [g u easily and as smoothly as the ink itself. Choose from /I a fountain pen or
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  • Page 11 Advertisements
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      83 words
    • 386 11 SINGAPORE INSTITUTE OF MANAGEMENT The first educational and training institute in Asia to achieve SISIR ISO 9000 Certification The Singapore Institute of Management, in Comprehensive workbooks and audioconjunction with Henley Management visual materials Management case studies College and Brunei The University of West Assessment by case assignment and London, invites
      386 words
    • 352 11 m WHY PEOPLE UNDER STRESS M CHOOSE TO UNWIND WITH US. If p RESORTS M ylrl MALAYSIA IWk L"$L Desaru 2D/1N S$ 79 Am hgj Malacca 2D/1N SS 188 Ml 4 Waff Tioman 2D/1N S$ 232 HQ igl Kota Kinabalu 4D/3N SS 607 wffg ,gg} Kuching 4D/3N S$ 456 OH
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  • Page 12 Advertisements
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  • LIFESTYLE
    • 646 13  -  Prince Charles' revelation devastated Princess Diana. Michael West reports Michael West AP PRINCESS Diana was reported yesterday to be numbed by Prince Charles' revelations in an authorised biography that he'd never loved her and was forced into the marriage by
      AP  -  646 words
    • 543 13  -  Martha Slud traces the private life of the Lincoln family ahead of a movie that tells the story Martha Slud AP PLENTY of White House kids learned it before Chelsea Clinton, or even Amy Carter: Growing up in the Washington fishbowl is
      AP  -  543 words
    • 269 13 CHATTERBOX AP AP AP KEVIN COSTNER is determined to complete the sci-fi adventure movie Waterworld, despite its bloated budget. After four months of filming on Hawaii's Big Island and more than two months to go. the movie has cost more than US$lOO million (SSI4B
      AP  -  269 words
  • Page 13 Advertisements
    • 91 13 Catch this fantastic band in action, and he thrilled by their renditions of top 40 hits, evergreen favourites and oldies in Fngiish. Chinese. Japanese and Indonesian I Li|J|JV Mou»s S 00pm In A 00pm iSO% oft sljndird rfnnkM Swinmeir FjOiinn SNrw and Ihurvitys. 4 tOpm I .Mlm Nile fv«V Wertnfsdrfys
      91 words
  • Page 13 Miscellaneous
    • 1257 13 TV RADIO 8.30pm, Baxter fl who kidnaps a boy to replace her dead child. After _J eight years, the child starts get- I® ting unsettling dreams... David Ogden Stiers W «P*mT :%jF Nathaniel Moreau support. |i Three Tenors World Cup Concert ijg^^^^^HHjNj^ A 1994, 10pm, Ch 12 Domingo. Carrcras and
      1,257 words

  • 538 14 EDITORIAL FIRST it lost its economic vigour, then its political stability. Now it seems to be losing its voice. Is Japan becoming the sick man of Asia? In Madrid last week, where the annual meetings of the IMF and the World Bank were held. Japanese leadership and
    538 words
  • WHAT THE OTHERS SAY
    • 194 14 THE PROPOSAL for a light rail train (LRT) system follows logically from the State and City Planning Study's recognition as long ago as 1971 that it would be physically impossible and environmentally unacceptable to build all the roads demanded by an unchecked growth of private
      194 words
    • 174 14 THE FACT that the World Economic Forum session was held in Singapore last week is a recognition of the republic's importance as a gateway to East Asia, the world's highest-growth region. Asean political and business leaders must have somewhat benefited from the meet, as well as
      174 words
    • 136 14 THE presentation of the Nobel Peace Prize to Israeli Prime Minister Yitzhak Rabin and Foreign Minister Shimon Peres as well as Palestine Liberation Organisation (PLO) chairman Yasser Arafat reflects the en- dorsement and hope of the international community on the peace progress made in the Middle East.
      136 words
    • 197 14 PRESIDENT Bill Clinton had promised to seek UN approval by Oct 15 for a lifting of the arms embargo that left Bosnian Muslims outgunned if the Bosnian Serbs had not agreed by that date to a peace agreement. But such a step was strongly
      197 words
    • 119 14 IN 1948, the actualisation of the dream of Israel begot another dreamy notion in the frayed region of the Middle East peace within safe borders. For nearly a half-century, that misbegotten ambition of the international community to re-map the area by fait accompli repeatedly crashed against
      119 words
  • 1181 14  -  Anthony Rowley says Mitsubishi Bank's rescue of Nippon Trust Bank last week suggests that a crisis may soon erupt, making drastic action necessary Anthony Rowley The writer is BT's Tokyo Correspondent PROBLEMS in the Japanese financial system have been kept more
    1,181 words
  • Page 14 Advertisements
    • 384 14 -j—- Raffles City Convention Centre r T f r r Singapore 1 Stamford Ballroom Foyer (Level 4) il y I 25-27 October f 11.00 am -6.00pm I Admission Trade visitors, professionals, y invited guests and conference > delegates only. From the 25 to 27 October, productivity activists and HRD practitioners
      384 words
  • Page 14 Miscellaneous
    • 141 14 cop of reA rnd \TquPof t&\ AFST uT IT^Be ..Y) Se£JCNG G€JS>TiBOJ IT.. J I 'S fWVT CAMOCUTtOH«W»»*>«MLTBL.HM.I«»4 DOONESBURY GARRY TRUDEAU HI, KIDS.' WELCOME TO THE CVBR 30 STATES HAVE SI6N& UM njuA-r KICK-OFF OF NATIONAL 'CHAR- I THIS WEEK HAS BEEN PESI6NATEP I ONTO PROMOTE THE'SIX PILLARS ABOUT THE
      141 words

  • ANALYSIS
    • 1236 15  -  Mount Pinatubo exploded with devastating effect in 1991. Today, the volcano is still wreaking considerable havoc on the Philippines. S N Vasuki finds volcanic mud-flows threatening the surrounding region and reports how the authorities are fighting the threat S N Vasuki The writer, a
      1,236 words
    • 711 15  -  The drought, which began in June 1992, could slash As2b off Australia's national income and slow economic growth by 0.5% this year, reports Doreen Soh Doreen Soh The writer, a Sydney-based journalist, contributed this article to BT TO THE average Sydneysider hosing his
      711 words
  • Page 15 Advertisements
    • 36 15 Financial News ssssA Quick Look At The Markets Call 24 hours a day for SES A KLSE midday reports, closing world market reports and business news. Cost: 30 cents a minute ■FSlinc An SPH AodtoTex Smw
      36 words
    • 41 15 NOW IDD RATES TO BATAM ARE JUST LIKE DUTY FREE The Standard IDD rate to Batam is only W J $0.60* a minute. So every time you call, Singapore telecom you ring up savings of 38%. -gst appi.es Stnia iist Always
      41 words
    • 46 15 SAFARI ADVENTURES lAMY j% 9 /Jr BALMAR marketing CQtQT*! f/f 1 TEL-235 9577 1 Member of fcbam k. Jeaaen Croup of Companies South East Asia Sh STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. j Companies Markets. Everyday. BiEinessTimes
      46 words

  • 436 16  -  From Walton Morais in PARIS SINGAPORE Prime Minister Goh Chok Tong yesterday called for an enhanced French presence in East Asia and urged companies from the two sides to link up in third countries to tap the region's robust growth.
    436 words
  • 411 16 Reuter BEIJING United States Defence Secretary William Periy, cautiously seeking closer military ties with China, yesterday inaugurated a joint commission to encourage Chinese arms companies to switch to making commercial products. One of the first steps under the agreement signed by visiting Defence
    Reuter  -  411 words
  • 354 16 AP Reuter WASHINGTON Inventories held by American businesses surged in August, the Commerce Department said yesterday, the fifth consecutive monthly gain and a sign that businesses continued to stockpile goods for sale in the third quarter. But the Commerce Department also said the
    AP; Reuter  -  354 words
  • 711 16  -  The Bottom Line KENNETH JAMES KENNETH JAMES The writer is BT's technology editor AND so it all ended, oddly enough with both a bang and a whimper. Last week's Singapore Informatics '94 marked the end of an era
    711 words
  • 242 16 AP mr BANGKOK The government said yesterday it is investigating whether a tycoon whose company does business with the government is eligible to become foreign minister. The Palang Dharma party submitted to the prime minister last week a new lineup of people
    AP  -  242 words
  • COMPANY RESULTS
    • 72 16 AFP BLUE BELL, Pennsylvania Unisys Corp, the fifth largest US computer concern, said yesterday its net profit fell 48 per cent in the third quarter of this year to U5542.9 million (5563.5 million), from US$B4.l million a year ago. Earnings per share fell to
      AFP  -  72 words
    • 67 16 AFP NEW YORK Time Warner, the world's largest communications concern, said it lost US$35 million (5551.8 million) in the third quarter of this year, after losing US$ 136 million in the same period last year. Losses per share were trimmed to nine cents from
      AFP  -  67 words
    • 70 16 Reuter CHICAGO First Chicago Corp said its managed credit card receivables grew 18 per cent during the third quarter to US$ll.4 billion (S$ 16.8 billion). During the period, US$l billion of receivables were sold in a securitisation transaction, bringing the total securitised portfolio to
      Reuter  -  70 words
    • 93 16 Bloomberg Business News LAWRENCEVILLE, New Jersey First Fidelity Bancorp said third-quarter earnings rose 13.3 per cent as the size and quality of its loan business improved. Lawrenceville-based First Fidelity said net income rose to US$ll5 million (SSI7O million), or US$l.33 a share, from US$lOl.5 million,
      Bloomberg Business News  -  93 words
  • 432 16 AFP Reuter UNITED NATIONS Russian Foreign Minister Andrei Kozyrev yesterday proposed that the United Nations Security Council lift the oil embargo against Iraq by mid-May if Baghdad recognises Kuwait and its borders. Speaking before the 15member body, he said the Council
    AFP; Reuter  -  432 words
  • 270 16 Reuter HONGKONG China's de facto consulate in Hongkong yesterday said it will hold a public forum in the British colony to explain China's handling of the run-up to the 1997 handover of sovereignty, its first attempt to woo the public
    Reuter  -  270 words
  • Page 16 Advertisements
    • 59 16 r Nitsuko jg t Digital Keyphone Systems leading Edge Technology FOR SALE BY TENDER Good Class Bungalow Site In Queen Astrid Park Prime freehold land in District 10 Provisional permission for 2 bungalows with a swimming pool each Site area 31,859 sf (approx) Closing Date: 26 October 1994, Wednesday at
      59 words
    • 28 16 f Distributor: Jel 1U ms 07 B 76 0 S Singapore Communication* Equipment Co Pie Ltd I UA h I 0 I 0 J 0 v Quality Service
      28 words

  • COMPANIES & MARKETS
    • 281 17  -  By Teh Hooi Ling SINGAPORE Malaysian counter Amalgamated Industrial Steel shot up 50 per cent or $1.23 to $3.68 on Clob yesterday on speculation of changes in the company's substantial shareholding. About four million shares were dealt over the counter before
      281 words
    • 176 17 SINGAPORE Singapore Aerospace (SAe) has clinched a contract to repair and service Fokker-50 aircraft. The Singapore Technologies stable member said yesterday that Holland's Fokker Aircraft has decided to make Singapore the maintenance centre for its Fokker-50 aircraft in the Pacific Rim region.
      176 words
    • 333 17  -  By Genevieve Cua SINGAPORE Asia-Pacific Breweries plans to invest in Cambodia's first international brewery in a US$5O million (5573.85 million) joint venture to cement its dominant market share in the country. APB chief executive Koh Poh Tiong said yesterday the joint
      333 words
    • 216 17 SINGAPORE Precision engineering group Cam Mechatronic announced yesterday it is buying one factory unit at the Kaki Bukit Techpark for $6.3 million and that its subsidiary Cam Precision Components (Penang) has acquired a Malaysian company J-Mark for $923,616. The five-storey corner terrace
      216 words
    • 554 17  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE Five years ago, Yeo Hiap Seng Ltd (YHS) and Temasek Holdings didn't take long to wrap up the deal to buy American canned food maker Chun King. According
      554 words
    • 229 17  -  By Rahita Elias SINGAPORE Hongkonglisted Singamas Container Holdings' public offer tranche of 13.8 million new shares was 1.15 times subscribed. Lead manager DBS Bank said yesterday that last week's offer which closed at 9pm on Sunday attracted 2,262 applications for the new shares. But
      229 words
    • 206 17  -  By William Chia SINGAPORE Electronics parts manufacturer Acma Ltd is acquiring a 90 per cent stake in Australian engineering company Delco Australia Pty Ltd for A 56.3 million (556.9 million). Acma announced yesterday that the purchase will be undertaken by its
      206 words
    • EYE on your STOCKS
      • Article, Illustration
        47 17 Firm Market Mood indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Baring, Fraser, Kay Hian, r-,° r n p ren fdl- Nomura, Phillip, Smith New Court, H I Carr and iO Warburg.
        47 words
      • Article, Illustration
        124 17  -  By Paul Leo IPC Corporation has fallen 44 per cent to $1.22 from its all-time high of $2.17 reached in January. It could drift further towards $1.10, at which point it will be a good buy. Weekly and monthly Relative Strength Indices are below 2S and any further
        124 words
    • COMPANIES
      • COMPANY BRIEFS
        • 94 18 SINGAPORE Flour miller Prima announced yesterday that its subsidiary Prigo has increased its issued and paid-up capital to $7.35 million by an allotment of 7.25 million shares of $1 each at par. Of this, 3.7 million shares were allocated to Prima, which now owns
          94 words
        • 57 18 SINGAPORE Singapore Press Holdings said yesterday that its wholly owned subsidiary The Straits Times Press (1975) sold 245,000 shares of $1 each or 49 per cent of Lianhe Publishing to Barbizon International for $245,000 on Sep 1. The Straits Times Press now owns 255,000 shares
          57 words
        • 41 18 SINGAPORE Hitachi Zosen said yesterday that it has increased the issued and paid-up share capital of its wholly owned subsidiary, Tian-Ri Maritime, to $500,000 by paying for an additional 380,000 ordinary shares of $1 at par.
          41 words
        • 74 18 Bernama KUALA LUMPUR Kemayan Corporation Berhad, through Ambobo Sawmill Pty Ltd, has proposed to form a joint venture with Qingdao Man-Made Board Factory of China to set up a huge veneer/plywood plant in Oro Province, Papua New Guinea. The joint venture company will be
          Bernama  -  74 words
        • 71 18 Bernama KUALA LUMPUR Kumpulan Emas Berhad plans to sell its entire stake in IMD Sdn Bhd and Metropolitan Utilities Corporation Sdn Bhd the concessionaire for the privatised water project in Perak state to Wembley Industries Holding Berhad. It hopes to raise MS9B million
          Bernama  -  71 words
      • 199 18 Bernama KUALA LUMPUR Cellular Communications Network Sdn Bhd yesterday signed a memorandum of understanding with the Telephone Organisation of Thailand (TOT) to spearhead the formation of an organisation that will ultimately be the governing body for telecommunications standards and guidelines in Asean. Celcom
        Bernama  -  199 words
      • 250 18 SINGAPORE The president commissioner of listed Indonesian kretek (clove cigarette) maker HM Sampoerna, Aga Sampoerna, died in Singapore last Thursday. He was 79. Mr Sampoerna, also known as Liem Swie Ling, was the leader of the second generation of the family's kretek
        250 words
      • 362 18  -  From Al Labita in MANILA HOMEGROWN conglomerate San Miguel Corp notched up a 40 per cent increase in earnings in the first three quarters of the year to 3.14 billion pesos (SSIB3 million). The net income came on the back
        362 words
      • 380 18  -  From Loh Hui Yin in BANGKOK THAI broker CMIC Finance and Securities will be able to offer local companies integrated financial services through its new tie-up with international securities firm Smith New Court. CMIC will get access to SNC's global
        380 words
      • 243 18 Reuter MANILA The stock of a telecommunications company, making its debut on the Philippine Stock Exchange (PSE) yesterday, suffered because of controversy over disclosure that its chairman had a US criminal conviction. But a Ave million peso (*****,500) fine the largest ever in
        Reuter  -  243 words
      • 452 18 MBT KUALA LUMPUR It was more the norm that second board companies pursue growth involving capital expenditure of up to Mslo million (555.7 million), or about half their shareholders funds, on any single project. Recently, however, within the space of a
        MBT  -  452 words
      • 191 18 Bernama KUALA LUMPUR Pacific Land Sdn Bhd. a subsidiary of IGB Corporation Bhd. has subscribed for a 30 per cent stake in Ravcncroft Investments Inc. a property investment firm, and another 30 per cent in Evamode Ltd. a hotel management company in
        Bernama  -  191 words
      • 302 18 Reuter Bernama KUALA LUMPUR Malaysia's national carrier Malaysian Airline System said it had hived ofT several of its nonnight related businesses by incorporating seven subsidiaries on Sep 22. In a statement to the stock exchange yesterday, MAS said its training, in-flight boutique,
        Reuter; Bernama  -  302 words
      • 494 18 B—Wf prtcw Oct 18 Mcndaki Gr Fund 118 I 21 *d W,n«r. Ilnrt Tr..«» US Gr Fond 0 98 I 02" i.82 UMB Invest Mgt Ltd The Savings Fund 1.68 1.78 Unifund 1.57 1.64 S'pore Prog Fund 0.66 0 70xd tnibond+ 1-04 1.065 S pore See Fund 104 110 United
        494 words
      • 916 18 Payment Ex Books Pay date close date Ac ma I 10 Oct 17 Oct 21 Nov 3 AMDB 50* b 3 Sep 15 Sep 29 Oct 28 Antah Hldgs 50* b 6 Nov 23 Dec 7 Jan 5 Avimo 20* I 6.25TE Sep 19 Sep 23 Oct 18 Boustcad 50*
        916 words
      • 472 20  -  By Teh Hooi Ling SINGAPORE Taiwan's state-owned China Steel Corporation has aborted a plan to go public in the US because of the stringent reporting requirements there and the potential liabilities that the company would be exposed to. "We are told
        472 words
      • COMPANY BRIEFS
        • 71 20 Eastern Express HONGKONG China Resources (Holdings), the mainland government controlled group which off-loaded the bulk of its stake in retailer Giordano Holdings last Friday, could have made a profit of HK$l5O million (5528.6 million) on the deal. The sale raised HKSIBB million. China Resources reduced
          Eastern Express  -  71 words
        • 53 20 Bloomberg Business News NEW YORK PaineWebber Group Inc has agreed to buy General Electric Co's Kidder, Peabody Co unit for US$65O million to US$67O million in stock. A source close to PaineWebber yesterday said the acquisition would make PaineWebber the fourth largest US securities firm.
          Bloomberg Business News  -  53 words
        • 46 20 Reuter NEW YORK SF Broadcasting, a venture between News Corp Ltd's Fox network and Savoy Pictures Entertainment Inc, was changing its structure after NBC questioned whether the venture was arranged to get around broadcasting rules, the Wall Street Journal said yesterday. Reuter
          Reuter  -  46 words
        • 56 20 AFP TOKYO Japan's Daimaru Inc yesterday said its pre-tax profit dropped 20.7 per cent from a year earlier to 1.09 billion yen (S$ 16.1 million) in the six months to September. The Osakabased department store operator said its sales fell 2.4 per cent to 261.4 billion
          AFP  -  56 words
      • 200 20 Bloomberg Business News HONGKONG British Airways has joined hands with China's international carrier Air China and Hongkong conglomerate Hutchison Whampoa to bid for the aircraft maintenance licence at Hongkong's new airport. The consortium is perhaps an unlikely one considering frosty Sino-British
        Bloomberg Business News  -  200 words
      • 357 20 Reuter SEOUL Seoul's bullish stock market is expectcd to continue its record-breaking rally, at least until the end of the year, fuelled by optimism about the economy and steps to ease curbs on investment. "Bright economic fundamentals are powerful enough to
        Reuter  -  357 words
      • 206 20 Bloomberg Business News HONGKONG Hongkong China Ltd has sold the 50.1 per cent it owns in real estate and investment concern Asia Securities International to Fabulous Investment for HK5843.2 million (*****.1 million). Fabulous Investment, a company controlled by Hongkong businessman Dai Xiaoming, will
        Bloomberg Business News  -  206 words
      • 160 20 AFP SYDNEY Chinese building company OLS Asia Holdings yesterday became the third Chinese firm to make a healthy debut on the Australian stock exchange. About 1.13 million shares changed hands before closing at Asl.oo (SSI.08) each, up from a 92-cent issue price.
        AFP  -  160 words
      • 611 21 NYT VEVEY, Switzerland Nestle SA plans to achieve further growth in the next 10 years by finding fresh markets for its existing food and beverage products instead of acquiring more companies. The Swiss conglomerate, best known for its chocolate and
        NYT  -  611 words
      • 351 21 NYT NLW YORK Eastman Kodak Co has essentially completed its plan to dispose of operations not connected with photography and imaging, announcing last Friday that it agreed to sell the do-it-yourself sector of its former L&F Products unit to Forstmann Little Co
        NYT  -  351 words
      • 299 21 Reuter TOKYO Hoechst AG said it plans to boost its presence in fast-expanding Asian markets as growth potential in Europe and North America slackens. "We were used to exporting from European bases to Asia and Latin America," said group chairman Juergen Dormann at a
        Reuter  -  299 words
      • 271 21 Reuter SEOUL South Korea's Samsung Group said it would invest US$7OO million (551.03 billion) to produce microwave ovens and computer monitors in Britain and would set up its European headquarters in London. A group spokesman yesterday said Samsung would set up manufacturing
        Reuter  -  271 words
      • 250 21 Reuter BASLE, Switzerland Swiss pharmaceuticals group Roche Holding AG yesterday said it expected net profit for 1994 to rise from last year despite a charge of 230 million Swiss francs (*****.8 million) for the planned restructuring of the pharmaceuticals division. It
        Reuter  -  250 words
    • FINANCE & COMMODITIES
      • 359 22  -  By! Shiv Taneja SINGAPORE Canada's largest bank. Royal Bank of Canada, inaugurated its regional treasury operations here yesterday, joining international rivals which have expanded treasuries locally in the tussle for a share of the business. Singapore is the third regional
        359 words
      • 225 22 SINGAPORE Two listed Thai companies raised a total of US$5O million (Ss74 million) from the Asian dollar market here yesterday. Thailand's largest producer and exporter of tapioca starch and pellets. Thai Wah Public Co Ltd managed by executive vice-chairman Ho Kwon
        225 words
      • 251 22 Reuter HONGKONG Issuers from the emerging markets accounted for 61 per cent of new depositary receipt programmes launched in the first nine months of the year, compared with only 11 per cent in all 1990. A Citibank NA study, released yesterday,
        Reuter  -  251 words
      • 355 22 AFP ABU DHABI The new Gatt trade agreement will open up world markets for petrochemical exports by Gulf Arab states and encourage them to press ahead with new projects. An official study by the Gulf Cooperation Council (GCC) secretariat, released yesterday, said the
        AFP  -  355 words
      • SMALL CHANGE
        • 70 22 SINGAPORE First Bangkok City Bank signed an agreement with almost 50 financial institutions last Friday to raise a US$25O million (*****.5 million) floating rate certificate of deposit (FRCD). Singapore's United Overseas Bank was one of the arrangers. The loan facility was oversubscribed from its original
          70 words
        • 52 22 Bloomberg Business News SINGAPORE Singapore's United Overseas Bank Group will open a branch in Guangzhou today, its second in China. The Guangzhou branch will offer commercial, investment banking and treasury services. UOB's other branch is in Xiamen. It also has representative offices in Beijing and
          Bloomberg Business News  -  52 words
        • 78 22 AFP TOKYO Japan completed a 15-year process of interest rate deregulation yesterday with the introduction of floating rates on ordinary deposits. But old habits seem to be dying hard. Of the nation's 11 city banks, eight offered the same rate of 0.25 per cent on
          AFP  -  78 words
        • 59 22 Knight-Ridder HONGKONG Standard Chartered Bank's Hongkong branch's HKSI.6 billion (*****.7 million) offering of five-year floating rate certificates of deposit is expected to be launched next week, bankers said yesterday. The offering, arranged by Standard Chartered Asia, is seen as being fairly priccd with an all-in
          Knight-Ridder  -  59 words
      • 306 22 Reuter BOMBAY India yesterday deregulated interest rates in the latest phase of a bold economic reform plan, and bankers said they expected prime rates to fall 2 to 2.5 percentage points to about 12.5 to 13 per cent. Bankers said
        Reuter  -  306 words
      • 405 22 Reuter BOMBAY India, one of the world's largest gold consumers, is expected to import a record 300 tonnes of gold next year as its increasingly affluent middle classes develop a stronger appetite for the precious metal. Bullion traders and jewellery exporters
        Reuter  -  405 words
      • 314 22 Bloomberg ENERGY REPORT LONDON Brent crude futures rose for the first time in seven days as a surging mark made gasoil cheaper for German traders. Further support came from refiners increasing demand as the rise in gasoil prices increased their profit margins. At
        314 words
      • 207 22 Bloomberg Business News LONDON The dollar fell to a two-year low against the mark alter Germany's coalition government was re-elected on Sunday, promising investors the political stability that attracts them to a country's assets. The US currency tumbled against the mark and retreated against other major currencies
        Bloomberg Business News  -  207 words
      • 96 22 AFP NEW YORK The dollar headed lower against other major currencies in slack trading early Monday but was levelling out compared to its earlier London quotes. At 1345 GMT. the US currency was trading at 1.5045 marks down from 1.5200 late Friday and at 97.90 yen from 98.20.
        AFP  -  96 words
      • Article, Illustration
        1536 22 trade nei filled inde\ mktdatnl aviin\i S'pae'i lap 14 trading partneri Bom- year IQSf US$/S$ forward rates Noon Oct 17 ss Bid Offrr 1-month 1.4701 1.4716 2-month 1.4682 1.4697 Virion! h 1.4662 1.4677 6-monlh ***** 1.4630 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on Oct 17 Singapore dollars
        1,536 words
    • COMMODITIES & FUTURES
      • 1331 23 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Eurodollars ended barely changed in choppy trade with trading affected by the strong fluctuation in the foreign exchange markets where the dollar weakened sharply against the mark and yen. Euroyen traded higher on the back of the firm
        Reuter  -  1,331 words
      • 657 23 COMMODITY REPORTS KL Tin TIN dosed seven sen up at MS 13.68 a kg mainly on local buying despite higher tin offered. Traders said demand was mainly from Malaysia. A higher local premium of USS9O a tonne, against US$25 on Friday, had discouraged
        657 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 94 23 TOKYO Crude oil prices are expected to remain steady this week, while no immediate factors that would cause a sharp rally are present now that another Gulf war has been averted. In Asia, spot crude trading for December is starting this week and light
          94 words
        • 95 23 BOMBAY A bearish trend is seen in the wholesale market for Indian edible oils as farmers' deliveries of oilseeds rise and crushing plants increase production, trade sources said here. Prices are seen softening up to early November when they could begin to stabilise, they said,
          95 words
        • 81 23 TOKYO Output of zinc galvanised steel rose 4.2 per cent from a year earlier to a preliminan. 992.200 tonnes in September, the Japan iron and Steel Federation said yesterday. The Septembei figure is down 1.8 per cent from a revised August production of 1.01
          81 words
        • 56 23 SYDNEY Queensland Cotton expects to increase its shipments of cotton in the year to February, despite drought cutting overall 1993-94 production. In a statement yesterday, Queensland Cotton Holdings said it expects to ship 297,000 bales for the year ending Feb 1995 compared with 277,800 bales
          56 words
    • 1443 23 Rubber Singapore Commodity Exchange (futures doting a* at 5.30pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Self (tonnes) Interest Nov 94 I I 204 50 I 1650 Dec 199.50 198.50 198.00 425 3875 Jan 95 189 00 188 00 188.25 665 2650 Feb 189.00
      1,443 words
    • REGIONAL STOCK MARKETS
      • 1009 24 +8.2 A RALLY on Wall Street helped shares climb yesterday despite a weak performance by the domestic bond market. The All Ordinaries Index ended at 2,014.2 points, up 8.2. The All Industrials rose 10.5 to 2.850.7 while the All Resources climbed 6.5 to 1,394.3. Turnover was 161.6 million shares
        1,009 words
      • 650 24 +50.21 After inching up for three straight days, the stock market finally breached the 3,000-point level, rising 1.67 per cent yesterday. The Composite Index rose 50.21 points to settle at 3,050.14. fulfilling predictions by analysts that the market would enjoy a surge in the first days of the week.
        650 words
      • 449 24 13.39 Share prices rebounded and posted a new record yesterday on the strength of fundamental support. The Composite Price Index topped out at an all-time high of 1,109.87 points, up 13.39 from the previous finish on Saturday. Trading was hectic with 52.3 million shares valued at 1.11 trillion won.
        449 words
      • 326 24 13.10 Stocks closed higher after a day of largely lacklustre and quiet trading. The NZSE-40 Capital Index closed at 2,066.38, up 13.10 points on volume of NZ$3l million. Volume was swelled by chunky trade in Kletcher, which gained 12 cents to NZ54.42 on volume of NZ$5.BB million. Brokers
        326 words
      • 598 24 +35.77 Stocks remained bullish in active trading, propped up by good performances in food, plastic and chemical shares. The 383-issue Weighted Price Index gained another 35.77 points to finish at 6,731.23 points, extending a 127.69-point jump in Saturday's session. Transactions expanded with 1.57 billion shares worth NTS 79 billion.
        598 words
      • 86 24 -21.00 Shares closed lower on sustained selling and lack of adequate buying support. Trading ended an hour after news broke of the Reserve Bank of India announcing full deregulation of interest rates as part of its credit policy for the six months to March, 1995, but brokers said it
        86 words
    • WORLD STOCK MARKETS
      • 664 24 13.6 STOCKS rose as signs of subdued British inflation eased concern about rising interest rates and German Chancellor Helmut Kohl's election victory offered political stability in Europe's biggest economy. "A rise in UK interest rates has been put on the back burner for the time being," said a fund
        664 words
      • 183 24 -17.84 French shares traded lower in heavy volume, following a weak dollar which plunged to a two-year low against the mark overnight and lower share futures. The CAC-40 Index ended down 17.84 points at 1,915.18. Of CAC-40 stocks, six closed higher, 33 lower and Euro Disney was unchanged. Volume
        183 words
      • 187 24 -11.57 In post-bourse trade. German shares cut losses made on profit-taking in Deutsche and Daimler, but proved unable to bounce strongly despite a huge rally in the Bund futures prices. The market was unable to approach the morning gains triggered by Sunday's re-election of Chancellor Helmut Kohl's centre-right coalition
        187 words
      • 137 24 7.30 Belgian shares were firmer at the close, buoyed by strength in the bond market where more and more play- ers are speculating that an 18-month bear market has come to an end. The Bel-20 Index of leading shares finished 7.30 points higher at 1,381.26. after peaking at 1,389.79.
        137 words
      • 160 24 +24 Italian stocks closed mixed amid uncertainty about domestic politics and declines in German shares. "The market is still confused," said an analyst. "Until a number of things get resolved I don't see this market doing well." The Mibtel Index gained 24 points to 10,143. The index has fallen
        160 words
      • 228 24 +0.28 Dutch shares ended slightly higher after a stable session as dealers digested German election news and the resulting fall in the dollar versus the mark. "I had expect a proper move, either upwards or downwards" said one dealer. "And in fact it was quite stable, especially in late
        228 words
      • 139 24 +6.90 Swedish stocks rose as the krona declined against the mark, boosting prospects for exporters, after Germany returned Chancellor Helmut Kohl to power in elections on Sunday. Gains were capped after a smaller-than-expected majority of Finns voted to join the European Union, heightening concern that Swedes will be divided
        139 words
      • 223 24 -9.7 Swiss shares closed lower on low turnover as the market lacked buying interest. The weak dollar and profit-taking weighed on sentiment and dealers concentrated on range-trading. The blue-chip SMI Index ended down 9.7 at 2.575.6. The broad SPI Index closed down 7.19 at 1.704.86. Zurich Oct *17 Knwc*
        223 words
      • 295 24 +49 Shares extended gains in typically slow Monday trade as the market found support from stronger world markets and improved gold price prospects, dealers said. But they said low volumes indicated a lack of real interest in the market, and medium term direction remained cloudy. The Overall Index collected
        295 words
      • 245 24 •6.31 Stocks were mixed at midday and traders attributed the soft bias to the US dollar which hit a two-year low against the mark overnight. "The US dollar has been weakening against everything but the kitchen sink," said one dealer. The TSE-300 Composite Index eased 6.31 points to 4.326.11
        245 words
      • 753 24 14.13 The Dow Jones Industrial Average, which climbed 20.52 points on Friday, was ahead 14.13 points to 3.924.61 at I lam EDT. Solid gains in International Paper, up l'A to 79V*, and Philip Morris, up I to 61'/2, offset the weakness in Eastman Kodak, another Dow component. Eastman
        753 words
      • 684 24 Britannia Funds Sterling Cash Bid Offer Mim Op Drpo-.il 18 6400 6 MM) Mim Jet*) Gilt 0 1893 0.I992 Mini Ma\ Income *0 9100 *0 9400 I SS Cash Income Plu\ Fund 9 6600 10 I HOI) PS Revive Fund 5 3200 5 3300 Sterling tquil) Furo Performance 0 4*92
        684 words
    • Article, Illustration
      2896 25 Bloomberg Business News HONGKONG Stocks fell in response to the weakening US dollar, expectations that inflation in China is accelerating and persistent concerns that Deng Xiaoping is near to death. "The US currency has definitely turned into a deterrent," said a dealer. "If I was an overseas investor 1
      Bloomberg Business News; Source: Bridge Info  -  2,896 words
    • Article, Illustration
      565 25 CLSA H SHARES slipped 48.97 points to 1,467.94 on turnover of HKSB7 million. Counters fell across the board, with Beiren Printing shedding 6 per cent and Tsingtao and GZ Shipyard each flown 4 per cent. Shanghai B shares were down 2.17 points to 860.95 on turnover of US$4 million,
      CLSA  -  565 words
    • Article, Illustration
      2532 25 Reuter TOKYO Stocks took an independent tack from fluctuations in the currency market yesterday to end a day of tight trading a tad softer. Brokers said the market was "bottom solid", particularly as fears of oversupply from Japan Tobacco's listing and convertible bond issues have abated. "Public money may
      Reuter; Source: Bridge Info  -  2,532 words
    • Article, Illustration
      1706 25 Bloomberg Business News BANGKOK Stocks rose as investors bid up finance issues in anticipation of high earnings growth in the JulySeptember quarter. "Banks and brokerages look especially good." said an analyst. "Good results are making people forget about interest rates and politics." The SET Composite Index rose 10.92 points
      Bloomberg Business News; Source: Bridge Info  -  1,706 words
    • Article, Illustration
      1095 25 Reuter JAKARTA Share prices closed higher in active trading after experiencing a two-day lull because of a lack of fresh factors. Brokers said trading has improved with more buyers entering the market. They said investors were returning ahead of the imminent listing of Indosat. Indonesia's telecommunications company. It lists
      Reuter; Source: Bridge Info  -  1,095 words
    • 2514 26 MOST ACTWI vofcum Promct 20.038.000 kulim (M) Wt«N 5.708,000 Tan hong 50c 5.313.000 Berjaya Group 5.307.000 hoc Prod 50c 4.351,000 KL Industries 4.294.000 Sateras Res 4.223.000 MSB 50c 4,125,000 Idns Hvd 50c 4,007.000 MBfCapital 3.539,000 Amal Steel 50c 3.017.000 Tongkah Hldgs 2.635.000 Pegi Msia 2.530,000 Hromcl -W»*OSO KL
      2,514 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5862 26 Bloomberg Business News KUALA LUMPUR Stocks fell for a third day as some corporate deals disappointed investors and speculation about other companies proved unfounded. "Most of these stocks are bought on anticipation of news," said an analyst. "It seems there are a lot
        Bloomberg Business News; Source: Bridge Info  -  5,862 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8224 27 MAIN BOARD Transaction date: Oct 17 ui lit M m 1994 I Vol Da) Ust Quale III. Dn Id Net C up A«f High Low (umpjnv Salt COM) High l»» B«i>rr Seller S C"»r P'K Smil Price INDUSTRIAL AND COMMERCIAL 14*) 835 ml s Acma 1090 sd-10 *0 1110 1090
        8,224 words
      • 1879 28  -  By Quak Hiang Whai SINGAPORE Local stocks rose yesterday as interest rate fears subsided, but Malaysian counters came under selling pressure. Despite encouraging US inflation figures released last week, investors turned cautious ahead of the Malaysian budget and took profit on
        Charts by Bridge Info; Source: Bloomberg  -  1,879 words
  • Page 17 Advertisements
    • 235 17 NEWS VALUE Foreigners bought 21% of new private homes in second Q"(Pg I) Foreign buying likely to remain strong as besides capital appreciation, foreigners also gain from the strong Singapore dollar. Hong Leong Bank soars to M 58.75 in KL debut (pg I) More upside can be expected as the
      235 words

  • Page 18 Advertisements
    • 62 18 Programme: How To Turn On Your Creativity What Are The Key Focus Areas How To Become An Idea Generator How To Develop Your Own 'Creative Hit List' How To Build Creativity Into Everyday Operations 8.30 am 2.30pm November 6,1994 Marina Mandarin Hotel, Singapore Fee: Sss9o For registration, or details, contact
      62 words

  • Page 19 Advertisements
    • 75 19 i ~ni This advertisement is for information purposes only CHINA NORTH INDUSTRIES INVESTMENT LIMITED successfully placed 185,000,000 shares at US$l.O4 each to invest in pre-selected NORINCO(G) joint ventures Global Coordinator and Placing Agent Bg HG Asia Limited Sponsor for the Stock Exchange of Singapore Limited ©DBS BANK THE DEVELOPMENT BANK
      75 words

  • Page 20 Advertisements
    • 212 20 te. b n i i i Judges and lawyers too. When members of the legal I > profession are not on their feet in the High Court, they're on a Henry. I I Seated, comfortably. Each of these chairs has been carefully selected and specially imported by us because we
      212 words

  • Page 21 Advertisements
    • 86 21 «T -.JSte: v^fe?Si^BKfflK^l6flßwßt ■BHEnIM sl worisWp*''" AM a WMRMg y^BH^^Bsf•^S£^^HH^tß^^PCv j 'ijji^^jS^H^fßllHl^B^Bp^B^B iii <1 j f *ir>tn^^^^^B °,t*„ a tfH>Ju^^L.! l^P|f _2lZ^9tii^Bn3hirc&Bß^B^Hß^^^HEfUn BpjP^w^jjfck^jpPßppigPpß ■M^S^WPto *^Sflj3vAr^B|'»■; Ji* v* "^j&vkV *5 9 ifcSi. jj>ywyy|fc/iagf^s^jfl&>TVT^ *F.>&W2pßPi^i_■ v ..A. f*tkE^K^RH?^MHEa^ilßSS^Rißi^Bßl^^BMKßH^Hllß^B^BMli^Bl^^Bßß^^^^^^B All this comfort is yours the moment you sink into 21-inch wide seats and
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  • Page 22 Advertisements
    • 50 22 ■SJHESS^H You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, caN Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      50 words

  • Page 23 Advertisements
    • 137 23 J4D Ho Chi Minh Summer Special j International Hotel j* 70S OMNI Saigon Hotel A 988 I I Saigon Floating Hotol A 968 lAH Hano Heritage 1 190 I Businessman Packago All I* Rtturu Atrfar* Brtaitfasti at ukcUd boUb VUa Slampingfttt Trmtftr Api/HU/Apt NigbU mccommodaOom I Airfare Plus Visa firoo
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    • 52 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Fashion Beauty Have A Colourful Lifestyle! Call 24 hours a day for hot topics close to your heartanything from head to toe. Cost: JO cents a minute MFBline A» SPH
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  • Page 24 Advertisements
    • 138 24 M t«cH BITHL'IHI u< M < <_>* mihm.lM iQ^BQicjma<• IHHHIH |,ih iim icc■ ii<n.'nw KZ3H3QI s BMIB hih fxXEDI 1 Technicum. the world's first unique self-winding Chronograph Rattrapante with full calendar and power reserve. n I WIOi Every Technicum also undergoes strict examination worthy of the title, 'Officially Certified Chronometer'.
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  • Page 25 Advertisements
    • 64 25 Mondial Takes Shine to Ngee Ann To add sparkle to your portfolio, come to the dazzling new Mondial Showroom. Mondial Now at Ngee Ann City. For all your internationally certified M G.I.A, H.R.D and 1.G.1 diamonds, emeralds and other gemstones. NEW SHOWROOM. Mondial Ngee Ann City *01-16 Takaibimaya Stopping Centre,
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  • Page 27 Advertisements
    • 38 27 cards your hands. Ana it give#ou easj| branches and ATMs JflMk worldwide. Bam 13=jgLn STRAIGHT talk ILJIEuJmv You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. r 1 Business Times mmmtnm
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  • Page 28 Advertisements
    • 1530 28 i i i i i mum MATTER OF THE COMPAMES ACT, CAP M AND X THE MATTER Of MERR BAMONO ENTERPUSE PIITII A 1 an bnoJwrr Ganrt Miifca of to ■—bwdHMianuid D—ptaa Pto IM (My oonvanad wd NM at 1 Scots Road. 121-1* Shaw Carta. SmpcraoeeSan ttOdotoi 1904, to tottowtng
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    • 426 28 M THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HERITAGE CRUISE UNE PTE LTD ON CREDITORS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Cap. SO. that the FINAL MEETING of the members and creditors of the
      426 words
    • 346 28 In The Matter Of CHOLYC ULTRAMED PTE LTD (Member' Voluntary UqadHkw) Notice Of Final Meeting Notice is HEREBY GIVEN pursuant to section 308 of the Companies Act (Chapter 50) that a Final General Meeting of the members of the above named company will be held at the office of the
      346 words

  • Shipping Times
    • 375 29  -  By Alec Almazan SINGAPORE Hongkong shipping company Tai Chong Cheang Steamship is moving its operational headquarters to Singapore. "We are now in the process of shifting," director Kenneth Koo told BT. The company has reflagged three ships here and will reflag a
      375 words
    • 71 29 Reuter CAMP KHOR, Kuwait Huge cranes tower over the Iraqi port of Umm Qasr, Iraq's only operative freight port through which the United Nations permits the import of food and humanitarian supplies, as four freighters lay alongside the quay on Sunday. UN observers patrolling the
      Reuter  -  71 words
    • 210 29 AP TOKYO An oil tanker rammed another in western Japan early yesterday, spilling tens of thousands of litres of oil into the waters off western Japan. No crew members on either ship were injured, officials said. An oil slick of approximately 500 metres surged
      AP  -  210 words
    • 754 29 Page Col Accord Group 8 1-3 Ahlers Lines 13 5 Ahrenkicl Liner 4 1/2 •APL 5 4/5 •Appenship 4 4/5 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line, The 9 5 Batamindo 7 3
      754 words
    • 241 29 AFP COX'S BAZAR, Bangladesh Search efforts resumed yesterday for survivors of the weekend ferry disaster in south-eastern Bangladesh which left at least 45 people dead and dozens still missing, a local police ofticial said. Unofficial estimates have put the death toll at more
      AFP  -  241 words
    • 265 29 HO CHI MINH CITY Vietnam will fine Singapore's Neptune Orient Lines for an oil spill in the southern port of Cat Lai earlier this month, authorities here said yesterday. "We are carrying out the necessary procedures to fine the shipowner," said
      265 words
    • 303 29  -  By Rahita Elias SINGAPORE Container traffic through Singapore jumped 15 per cent to 5.77 million 20-foot equivalent units (TEUs) in the first seven months of the year. And boxed shipments jumped 11 per cent in tonnage terms to nearly 90 million tonnes.
      303 words
    • 508 29  -  ADMIRALTY CASEBOOK But High Court rejects call for costs of overseas action By Ramesh Divyanathan SINGAPORE A foreign arbitration salvage award qualified as a salvage claim here, thereby allowing a plaintiff to arrest a debtor's ship as security, the High Court ruled in
      508 words
    • 1808 30 £with one grain house encouraging offers at U5525.50 with combination port discharge for 1995 quarterly car- joes from the US Gulf to Japan, there is little to suggest that rates will weaken in the short term, brokers said. i The Baltic International Freight 'Futures Exchange traded a record
      1,808 words
    • 11990 38 This is a list of ships loading at Pi Singapore for ports around the Li world. It tabulates, by destination, K the name of the ship, the shipping O line involved and the estimated p dates of arrival and departure from u the Port of Singapore. LEGEND
      11,990 words
    • 3047 43 Containerline NV: Belsin Shpg Agrncies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Aaeord Croup: Accord Shpg Pie Ltd (SyAccord Contr Line (PK/PN). Attra Business Corporation Philippine Cafcource Shpg Trdg Pte Ltd (S) Akrenkiel Liner Service: Kim Shpg Trtg(S). AHMiw Sen-Air Service: Frata Shpg Pte LtB(S). Alfred C loepfer
      3,047 words
    • 276 43 Abacus Courier* Tel: 545-8011. Fax: 545-1898 Air Express Travel Td: 533-5771. Fax: 535-6144 Airborne Freight C orporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster link Supplies Services
      276 words
    • 1504 43 Abex Express Kitighl Tel: 542-7171 Fa*: *****84 Actinic Forwarder Td: 225-1833. Km: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aeroiink Freight International Tel: 545-8033. Fax: *****05 Afrmorcd Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50 Air
      1,504 words
    • 2630 44 ALBANIA Durres: Four vessels operating of which I discharging diesel oil, 1 bagged sugar, 1 steel plates, 1 loading ferro-chrome, 1 vessel waiting in roads to discharge diesel oil. ANGOLA Angola: All ports working normally, with no reports of disruption within tht cities. Crude oil export facilities are
      2,630 words
    • 755 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No OCTOBER 18 18 Delfin Star 1000 2100 Malacca Harpers Shipping 221-1388 18 18 Langkapun Star 1800 2200 Penang Jardine Shpg Agencies 224-1032 Aquarius 20 20 Delfin Star 0730 2100 Cruise to
      755 words
    • 511 44 VLCCs were again conspicuous by their absence, but fresh inquiry showed two VLCC cargoes emerging. Shell required a vessel for optional destination discharge while PNOC needed a vessel to load for Bataan. Japanese interests took the 1993-built Ocean Guardian (290,927 dwt) for a trip to Japan at W55,
      511 words
    • SHIPS IN PORT
      • 517 45 Vessel Voy No Berth Arrival Departure Vesvri Voy Hp Berth Arrival Departure Jurong Port ub/94 m 1; 10/2230 Artte Breew 9404 J12 Jongs* 1810/0800 BeslMd 25 SB P04 1810/1300 1910/1400 btan BaKagu 10/01/94 11 alow* 1810/2315 Batam S»eed3 Al/94* P01A 1810/1330 1810/1430 Mia Sakti 02/94 12 alongside
        517 words
      • 1394 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookkif/Babnce Rsfts Ship Voy No Etb/Btr Period From To From Acx Swan 140A 19/1500 IB 17/1500 17/1(59 17/1900 2B 17/1700 18/0659 18/0900 4 18/1200 18/1*59 18/1700 AU 8hw 155W 19/0900 W
        1,394 words
      • 995 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        995 words
      • 581 45 Oct 14 Dmt) Nater Resdut Mi Ataman Softmnt Ommt/ Water Residue tab «M*n S«fcnw» Turn Ejutofl JQU)fl KG/M*3 V/V M M M/M PPM method *G/**3 V/V M/M M/M PPM method Eastern USA 180 Aw 984 0.2 112 009 15 O.Oi BO/Cbnac IJrtb Spec E25 991 1.0
        581 words
    • 1761 46  -  Asian port activity is booming, and will continue to do so for at least another decade. June Lim reports June Lim Asian Business ACROSS Asia dozens of ports are being considered, planned, upgraded and rebuilt as countries gear up for the Pacific Century. Among the
      Asian Business  -  1,761 words
    • 782 47 Bloomberg Business News SIX months after British Airways forced a showdown with the French government to win flying rights to Paris' Orly Airport, three other European carriers are bracing for a similar fight. Deutsche Lufthansa AG, the Austrian carrier Lauda Air and KLM
      Bloomberg Business News  -  782 words
    • AIR AND LAND TRANSPORT NEWS
      • 490 48 UPI BEIJING China's fragmented and inefficient auto industry will not fulfill the 1994 gov-ernment-set production target of 333,000 sedans with some automakers even halting production to cut down large stockpiles, an official newspaper said on Sunday. In the first eight months
        UPI  -  490 words
      • 427 48 Bernama KUALA LUMPUR Airbus Industrie, the European consortium formed in 1970, foresees a potential long-term market for more than 1,000 very large aircraft. The consortium is to seek the views of 12 major airlines in Asia, Europe and North America on its
        Bernama  -  427 words
      • 56 48 Reuter SRIHARIKOTA, India India's polar satellite launch vehicle (PSLV) with its 970 kg load soon after its launch at Sriharikota in South India on Saturday. India hopes to join an elite club of satellite launchers after the launch of its US$l35 million (Ss2o2 million) rocket which placed
        Reuter  -  56 words
      • 135 48 Bloomberg Business News LONDON Airtours pic, one of the largest UK travel agent chains, said yesterday it bought the cruise ship Nordic Prince from Royal Caribbean Cruises Ltd for £3S million (SsB2 million). Airtours said it will offer Mediterranean "fly-cruise holidays at attractive
        Bloomberg Business News  -  135 words
      • LOG BOOK
        • 116 48 Bernama-Kyodo TOKYO Honda Motor Co will build a new passenger car plant in Thailand by next spring, a spokesman for the Japanese automaker said yesterday. The new factory will boost Honda's annual manufacturing capacity in the South-east Asian nation to 100,000 units, or
          Bernama-Kyodo  -  116 words
        • 99 48 Reuter BOMBAY India's private airline ModiLuft Ltd said it has opened a rights issue of equity shares to raise 968 million rupees (SS43 million). The company's operations are managed and supervised by Lufthansa personnel under a management agreement with Deutsche Lufthansa AG. ModiLuft plans
          Reuter  -  99 words
        • 116 48 Reuter LONDON UK carmarker Rover, owned by German Bayerische Motoren-Werke AG (BMW), has signed an agreement with South Korea's Kia Motors Corp to develop jointly a new range of engines to be built in the UK and South Korea, the Financial Times reported yesterday.
          Reuter  -  116 words
        • 104 48 Reuter JAKARTA Indonesia's domestic carrier Merpati Nusantara Airlines is to open two routes to Singapore from cities in central Java, the official Antara news agency said on Saturday. Heru Santoso, Merpati's manager in the ancient Javanese capital Jogjakarta, told the agency that Merpati would
          Reuter  -  104 words
      • 281 48 AP SEATTLE Boeing Co is advising airlines that a mechanism used to make a plane go up or down should be replaced in several models of the Boeing 737 because of reports of malfunction, a company spokesman said. A Boeing alert service
        AP  -  281 words
      • 1675 48 a& nm n» n*> no_ nm eta nm n»_ Ate Blwil GA892 0255 Cwwtzhon CA978 0930 1935 M VN741 1310 VN740 1410 Hatyai MI893 1810 MI894 1430 Kmtt»r4am GA893 1510 KL844 0135 TG407 1840 KL837 1550 GA892 0255 S0026 2355 MM* CKy VN741 1310 VN740 1410
        1,675 words
      • 430 48 Bloomberg Business News DENVER Denver International Airport should be able to pay for itself, provided current traffic forecasts and cost estimates hold up, a report from the General Accounting Office concludes. The accuracy of Denver's revenue and cost forecasts depend on whether the city
        Bloomberg Business News  -  430 words
  • Page 29 Advertisements
    • 14 29 (WBST¥AUA\ SEPARATORJ Always on Course FOR SERVICE AND SPARE PARTS SUPPLY, PLEASE CALL ®o§oooo©
      14 words
    • 25 29 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. for advertising enquiries, contact S/nppmg Times. Tel 740-2089/740-2090
      25 words
    • 87 29 J2+7M+RT M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 Gateways to the Pacific Century, Pg 18 Airlines threaten France over Orly Airport access, Pg 19 China's auto industry cannot meet govt target: report, Pg 20 Ij7l Reliable lj/1 Efficient lj/1 Experienced Professional Then engage one who is
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  • Page 30 Advertisements
    • 2126 30 I import.... imports I NORTH AMERICA] I OTHER DKBTINATION9 I I MMTH AMERICA I I MWTBAti.TOwigTcoAfcr 1 I MHOtfOWeAuro—* —MMtB—CTWwwftTCOMD .;B ga dot ng u on *c» sea oae homston cwc m bboco an *s» stok okmos mcs go« iaibbo moos me** pauna parammn wmjm m. Los ankles OMUBO wucowa
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  • Page 31 Advertisements
    • 2069 31 00CL (8) p TE ltd JAROINE SHIPPING AGENCIES JAROINE SHIPPING AGENCIES SDN. BHD. 200 CANTONMENT ROAD. #12-05 SOUTH POINT, SINGAPORE 0208 PETALING JAY A TEL: 03-*****76 FAX: 03-*****42 CFS: 03-*****42 CR NUMBER: **********0 C l^sI <ANQ TEL; *****4 FAX: *****1 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) IPOH TEL: *****3/4 FAX: *****6
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    • 160 31 Accepting LCL and contakwieed cargo** D4r»ct to South Africa S'por* Durban P ENx C.Town FuW Conlanw S<nrt<t HAKATA 9441F 20/10 1/11 1/11 5/11 ORANJE 4018F 31/10 12/11 14/11 16/11 HAYAKAWA MARU 4177F «/11 20/11 22/11 24/11 VAAL 4275F IS/11 30/11 3/12 4/12 NEDLLOYD COLOMBO 4374f 29/11 11/12 13/12 14/12 PEto
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    • 1723 31 ■QGaaSHalßa U. S. A. /CANADA 3 TIMES A WEEK ANNA MAERSK V.9420E ETA SIN 19TH OCTOBER 1994 MAERSK TACOMA V.9416 ETA SIN 24TH OCTOBER 1994 MADISON MAERSK V.9410 ETA SIN 25TH OCTOBER 1994 V«n« VOy ETA ETO DESTINATIONS ns»i madison maersk v 940e MWUffl— cv 25/10 oeoo hrs CFS 24/10
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  • Page 32 Advertisements
    • 1407 32 ROAM LE SOUTH- PORT I ~""F" VOY NO HAMBURG ANTWERP HAVRE AMP TON KELANG S PORE HKG KAO TYO SHI KQ6 NAG KAQA 37/238 27/» 29/fl 1/10 20/10 21/10 25/10 27/10 3/11 30/11 31/10 1/11 STUTTGART EXP 06/439 1/10 3/10 5/10 26/9 23/10 27/10 KIRISHtMA 06/240 4/10 8/10 6/10 27/10
      1,407 words
    • 496 32 japppaM I S pore P.Kelang Loading ft* FORUM WIND 11/10 Rdm/Atw/UK/Nantes I KAPITAN SOROKA 22/10 27/10 Rdm/Atw/UK/Nantes •Loads E./W. Malaysia. Indonesia I I Loading for SINGA SUN Jeddafi/Dubai/Babrain/Damman I PAN CRYSTAL Dubai/Bahrain/Damman/Kuwait H 'Loads Singapore. E./W. Malaysia. Indonesia I (Loading for STAR MAN Los Angeles/New Orleans/ I Charleston/Norfolk/Camden PAN OUEEN
      496 words
    • 1244 32 I NORASIA I^SUVOY^^^^^^i^NAUSßC^^VA^^HAfc^Bß^^RO^^R^^FEl^^LHi^ SEA MACEDONA 441N 20/10 13/11 10/11 19/11 10/11 17/11 17/11 10/11 10/11 19/ M I NORASIA Al-MUNTA2AH 9442 J 20/10 10/11 23/11 24/11 22/11 23/11 24/11 25/11 25/11 20/H I SI VAUS 44JW 02/11 22/11 25/11 20/11 25/11 20/11 20/11 27/11 27/11 20/fl I NOBASM MALTA 9444-3
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  • Page 33 Advertisements
    • 1283 33 Wl STRAITS SHIPPING PTE LTD MR 10 Hoe Chiang Road #11-01 Keppol Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE BiSUliaSSßiCnliSMUflßlliAiliilflUKSSilUUSßi (A service of china navigation CO) I ACCEPTS lO^yy I CARGO DUE SAES STRAITS HMX WIE Mujh Lab 18-19 Oct 20 Oct 21 Oct FCL. LCL
      1,283 words
    • 2255 33 w Singapore Agent: MXyfl 1 I AflF 0111 AfG P&O Containers (Singapore Agencies) Pte Ltd 10 Hoc C hiang Road. #07-01 kcppcl Towers. Singapore 0208 First Class Connections WORLDWIDE 2 2!3 \Vm' m^ 64 |,N<X SP K 225 5 7 2 75,7 EXPORT IMPORT VESSEL VOV -MM -MO MM SOU
      2,255 words
    • 1167 33 AMERICAN PRESIDENT LINES, LTD. 19 NEWEL WOAD «02-0 l JIT POH BUtLPNG SINGAPORE 020S TEL 225-9966 F«i 221-4922 ALSO OFFERING SERVICE TO/FROM •PRC *CIS 'VIETNAM 'EAST RUSSIA 'CARIBBEAN 'LATIN AMERICA 'EAST MEDITERRANEAN CALL 225-1-225 FOR BOOKING OR ENQUIRY TO NORTH AMERICA ft CANADA WEEKLY CONTAINERIZED BERVICE luna/wwa 1m I w
      1,167 words

  • Page 34 Advertisements
    • 576 34 w EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE rHO cm tMNH CITY PAQER HANPPWQWt/PiBtCT HINRY KQt 21*0*24 ra7H«/WIIH kelviw chan iUfiKJ BBMMMM MANOJ 11*821 1X3122 I aimat lrca««/t»»B TO VIETNAM/HCMC CONTAINCR-FEEDER SERVICE CENTER-POINT < um LINES m o» stwt wy n> hcmc n mamma.
      576 words
    • 1087 34 (g) HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCU MEN T JE L: 5 cm. M. *m lIK HAH <j| hub n Eof) VSI SM IIM H«U VAV 1M WYC HANiWHONGKONG 04« ifiO mIT fo/H WU 12/11 M gig J JBSiwi T/U WS VU HANJIN SEATTLE
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    • 76 34 ICHAHAYA SNIPPING 1 TRADING CO. PTE LTD T*l *****13 (6 Lin«) Fax: *****68 Tlx: RS ***** INDONESIA CONVENTIONAL SERVICES urtcri CTA ETD OtSHttnOH UM WALK 2S/10 **/10 SI*ABAYA SETm?"" NUGAM »/>• ■»**<* KUMMXMII Tf/IO 27/10 B*WWOK rnNVFNTIO""' SERVICE SINGAPORE TO VIETNAM v«-)y IdHlii] Id* C«AM lAt» W*G* 1» "/I® HO
      76 words
    • 1431 34 5T MiM =kN d-Ic-H d d J pil w isi: we uc nis Hi Oil ki sw ito iu at ui nc mi m m nr ik no ai m I GLtUIY It Ml 17 It MPI 2} 10 «10?l10 31 10 I'll 2/11 Ml 4/11 i/11 It 11 20/11
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  • Page 35 Advertisements
    • 2227 35 H II sex: 'KASUGAI3BE' eta sgp 19/10/94 II II II ARRIVING LOS ANGELES 05/11/94 IN 16 DAYS H "59 II A ex 'Singapore express o*' eta sgp 19/10/94 II II arriving NEW YORK 12/11/94 IN 23 DAYS us Wf midwest utic cahada VESSEL VOY"T"fgE LOS OAK VAN SIT ATL (CO
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    • 1069 35 a I MULTILINE SHIPPING PTE LTD W (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 X BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****99/*****01 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL:
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  • Page 36 Advertisements
    • 1337 36 44 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CI NO **********0M/GST REG NO: M 2 *****99-6) TEL: *****77 TELEX. KAWAKI R*****5 FAX: *****16/7/8/9 i T V MALAYSIA: "R" LINE MARITIME (MALAYSIA) SON BHO M W+J TEL: SA *****00 PK *****75 PEN *****20 JB *****01 PGU *****25/6 INDONESIA: P.T. SARANA LAUTINTERNUSA.
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    • 921 36 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N BTRAITB BHUTTLE SERVICE j PORT KLANG/BELAWAN PENANG/PASIR GUDANG VESSEL VOY Hit m BLW VESSEL VOY S« PEN KU MCC COIMYOR «M 2 19/10 (WED> 20.10 <THU) SEA LAUREL 329N 19/10 (WED) 21/10 (FW) VIGOUR SHGAPOtt ***** 20/10 <THU)
      921 words
    • 252 36 GOLDEN LINE A GUM GUAN SHAPING \E<v<\ (PTE) LTD W" 73. TM kjm Start SNGAKW 0104 TEL: 5343*1 (10 IKS) FK ***** M (CD No 1012KSMMW) ■TRAIT*/PE*»l AM OULF WIVICI Spore P Kctang Pmang^ GOIOEN STM Karachi Dubai. Kuwait 22/24 Oct GOUXN HARVEST Karachi Dubai Kuwait 10 Mm CHIHA IMTICI
      252 words

  • Page 37 Advertisements
    • 886 37 4.PACIFIC INTERNATIONAL LINES (PTE) LTD 1 T SUSSES 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I CR NO **********06 I VESSEL VOY SIN CMS JIB HOO JED AOJ PZU MSW ASA ADE KOTA BERANI BRNOOP 19/10 24/10 30/10 1/11 3/11 5/11 13/11 16/11 IS/11 KOTA WMAYA WJA47S 2S/10 2/11
      886 words
    • 947 37 VESSELS VOY LE HAVNE HAMBUNC IHAMES ROTTERDAM ANTWERP Witt DC LYRA YOSW H/10 10/U 11/" 13/11 14/11 16/11 Wit PI VtGA 60SW 26/10 W/Il 18/11 20/11 21/11 23/11 Wtit Dt VUA VOSW 01/11 ?3/ll 24/11 26/11 27/11 29/11 I VU.lt PC TITAN* TO6W 2VII 30/11 02/12 03/12 05/12 ♦ALSO ACCEPTING
      947 words
    • 609 37 I BSfl ii. MYANMA IHBk FIVE STAR LINE r (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P Kit Pen P.Gdj SJTTWC V64W S*l«d AVA VI3ON S«Nd In Pari Sated PAGAN V2I4W 24/27 Oct MALAYSIA AGENTS BOUSTEAD SHIPPING AGENCIES HUE TEL 03 *****00 PHI: TEI 03 36M767 PEN TEI 04-*****5
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  • Page 40 Advertisements
    • 1994 40 PERSIAN GULF WEEKLY EVERY FRIDAY Slmgoporo G—r.l Tot St ftt; *****02 Op.r.Uo« *****15 COSTAR SHIPPING PTE LTD KH? c^^-/:"oV«o 4 °£Lt 2 2ttilso 4 3^£'~' STwntoi. Way «17 0« C* No: **********0 M f«: 22*220* «7°5/50 rITSSSTMe OBS DUg Towr 2 UCR No: CCSU JOHORE OMCK: fa,: MM F Sim
      1,994 words
    • 1157 40 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUNO PKt PEN IQH S* HKG KAO TAI KEE *08 OS* "0' BUS WAN HAI 206 NO 39 16 10 1/ 10 18 18 10 22 10 23 10 2b 10 26 10 01/111 02' 111 03/l7 WAN MAI 216 NOOB 19 10 20 10 22
      1,157 words

  • Page 41 Advertisements
    • 389 41 I FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 24/10 ROTTERDAM 24/10 AARHUS/COPENHAGEN 24/10 HAMBURG/BREMEN 24/10 MARSEILLE/FRANCE 20/10 FELIXSTOWE/UK 24/10 BARCELONA/SPAIN 22/10 LEHAVRE/FRAHCE 25/10 GENOA/ITALY 22/10 ANTWERP/BELGIUM 24/10 LOS ANGELES/WC/PI 21/10 SYDNEY/MELBOURNE 19/10 NEW YORK/EC 21/10 FREMANTIE/AOEIAIDE 19/10 j VANCOUVER 21/10
      389 words
    • 906 41 ■I WMtL VOY 1 {VESSEL VOY SIN PE* M i WAHAJHUM »M Wgd_ 1»/10 _Bgt_ g/10. AKA BHUM Ty lln Pt Thu I 20/10 K VEB>EL m 1 CAPE WAY 038 Fri_ 21/10 Wd 28/10 1 D£JA BHUM liTio" "sit" aTio" IH Bs YAWTWA BHUM SON Ty ki PI Fn
      906 words
    • 202 41 Qumrrnm—d to:BANGKOK/LAEM CHABAWG/LAOSj22/10 (SAT), 25/10 (THE) PWT KaAWS/fOWWG 20/10 (Ml). 21/10 (FM) HONG KONG 25/10 (TOE). 21/10 (FIB) JAKARTA 22/10 (SAT) MAMLA/CEBU/SUBK BAY 24/10 (MOW) HP CWMWH 21/10 (FB) SURABm 23/10 (SUN) BUSAH 23/10 (SUN) PS DONGNAMA LINE] en (Mm tcr n mc mc m ummc im» miw m/m a,
      202 words
    • 573 41 UTEL: *****33 (12 Linss) FAX: *****15/*****03 HJI TELEX: R8 ***** RIBHIP (3 Lines) B= CR NO.: **********0E ACCEPTING FCL AND CONVENTIONAL Vmml Voy Loading For Abbay Wonz 41W8 15/11 Mombasa. Djibouti Amt. Masaawa Abbay Wonz 42W8 15/12 Mombasa. Djibouti Assab Massawa Hr ■r FULLY CONTAINEUSED REGULAR LINES SERVICE ACCEPTING BOTH
      573 words

  • Page 42 Advertisements
    • 1566 42 MAC-NELS SPOfIE: *****22 (24 UNES) IvZJ V Jem nm immm SH9U (064) *****9 KUCHINQ (062) *****3 I PENANQ: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 I P.KELANQ: (03) *****77 JAKARTA: (21) *****07 6UWABAVA: (61) *****0 I ASIA HKG/TWN/BKKI GENOA/EUROPE I PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 17/10
      1,566 words
    • 193 42 SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD H* IT* IU SttW rot! HUME KMM nil UK C/U Lwdm* tot lUr RUVM HUDHU X/tO Loading toe Dubai OOinM 23/10 Loading foi kUe mui sum* 21/10 s«m Loading Foe Mat UMCEDH 21/10 Loading Foe Mait nrautfss lbuty 10 Loading toi
      193 words
    • 804 42 Ra THONG SOON LINES PTE LTD 1 XV\ 78 SHENTON WAY #10 01, SMGAPORE 0207 I TQ: 227-5088 FAX: 227-6011 I r TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I m mmmm ccmm»»r SINGAPORE TO SARAWAK S INGAPORE T^THAH-AND VESSEL VOT S PORE »EST VESSEL MY S PUE
      804 words





  • Page 47 Advertisements
    • 576 47 ▲HYUNDAI MERCHANT MARINE CjILTD. WESTBOUND TO EUROPE BKG: *****61 \m m pre* rw kssels vot sn rm ant* ieh* ham brej fel 19/10 21/10 22/10 H. PIONEER 3ili 24/10 lI7TI 13/0 tfTH 13/11 H/lT 15/11 20/10 20/10 29/10 H. FRONTER 313* 31/10 IS/11 20/11 19/11 20/11 20/11 22/11 02/11 04/11
      576 words
    • 334 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS *SEL VOT V H KUC U MM OCEMIMJE I 25/11 K/ll M/ll MOM 25 25/11 27/11 MMMM 44 21/11 11/11 (M») CNMVKM nUOJt M/ll MBit IAT* 1 1/11 Vll own DOS 1 2/11 4/11 OMTIOiNP VESSELS 9-n tl/lf MV
      334 words
    • 647 47 ttSSQ I WT SW ETA/D UU OAK CHI POL 1 MEM/COL IHOU INTC [NOR mamc m m 20/10 ot/11 M/II w/11 11/11 10/11 n/11 11/11 12/11 ALLIGATOR TRRRffH MA 27/10 13/11 15/11 U/ll 17/11 17/11 11/11 11/11 18/11 GEORGE NASHNGTON BRDGE «2A 03/11 20/11 22/11 23/11 24/11 24/11 25/11 25/11
      647 words
  • Page 47 Miscellaneous
    • 299 47 TODAY'S TIDES (hdght in metres) HOIK 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2300 M 2.5 2.0 1.4 1.0 O.S 0.7 0.1 1J 2.4 2.7 2.1 2.6 2.1 1.5 1.0 0.7 0.6 0.6 0.9
      299 words