The Business Times, 27 October 1994

Total Pages: 86
1 86 The Business Times
  • 14 1 SINGAPORE Business Times MITA(P) 010/12/93 Thursday October 27 1994 WE KNOW ASIA 75 c
    14 words
  • 68 1 Reuter NEW YORK US blue-chip stocks went on the defensive yesterday as long-term bond interest rates held above the key 8 per cent level. At Ipm EDT on the broad market, declining issues led advances 11-8 on moderate trading of 172 million shares on the New
    Reuter  -  68 words
  • 38 1 Reuter NEW YORK Merrill Lynch Co Inc and Indonesia's PT Persada Kian Pasti Lest an have agreed to establish a joint venture to be known as PT Merrill Lynch Indonesia. Reuter
    Reuter  -  38 words
  • 154 1 Stock HMffcst indicts Wednesday Change STII 2,357.29 -5.25 KLSEComp 1,105.54 +3.31 Nikkei 19,746.35 +14.20 Hug Seng 9,252.44 +5.94 SET Index 1,514.07 +12.49 Jakarta Comp 516.32 +1.79 CLSA China B—1,156.72 -1.63 AustAllOrd 2,017.6 -4.2 FTSE 100 2,999.9 -1.0 Wednesday Previous 2pm EDT close Dow Jones 3,848.23 3,850.59 Singapore* 6.19 Kuala Lumpur
    154 words
  • 530 1 S'pore takes 6th place but scores on lower rents, better quality of life AP Bloomberg Business News NEW YORK Landlords charge outrageous rents, streets teem with traffic and the takeover by Communist China looms less than three years away. But Hongkong
    AP; Bloomberg Business News  -  530 words
  • 446 1  -  By Shiv Taneja SINGAPORE Morgan Stanley plans to launch unit trusts in the local market by the middle of next year and is beefing up its other operations here, says group chairman Richard Fisher. "Singapore is going to be our headquarters for Southeast Asia.
    446 words
  • 337 1  -  By Lilian Ang SINGAPORE Just six weeks after buying Marina House, the Hong Leong group has made another foray into the office property market, acquiring more than half the space in GB Building for $106.64 million. The latest deal was
    Photo by Arthur Lee  -  337 words
  • 500 1  -  From Ho Kay Tat in KUALA LUMPUR THE Securities Commission has told Beijaya Textiles Bhd (BText) to pay about MS3SO million (SS 199.5 million) less for its purchase of two big Sarawak timber companies in a reverse takeover move. This is
    500 words
  • 281 1 Bloomberg Business News Reuter WASHINGTON The US economy grew at a moderate pace in the third quarter, analysts said. The output of goods and services increased at a 2.8 per cent annual rate in the third quarter, according to the
    Bloomberg Business News; Reuter  -  281 words
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    • 9 1 Law: Pg is Canadian law firm opens in S'pore
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 277 2  -  By Corinne Kerk PEOPLE seem to have lost their appetite for eating out in volume terms the Catering Trade Index fell 3.9 per cent year on year in August. Although in value terms, the index edged up 0.6 per cent, the catering trade has little
        Source: Dept of Statistics  -  277 words
    • 359 2  -  By Abdul Hadhi IN ITS last auction for the year, the Urban Redevelopment Authority collected $11.42 million within 2 l h hours from the sale of six Little India shophouse parcels. Yesterday's auction comprised three lots along Serangoon Road and
      359 words
    • 456 2  -  Infrastructure giant setting up regional base here to manage major projects By S N Vasuki SINGAPORE Italian conglomerate Ansaldo is opening a regional office here early next year to coordinate its growing presence in Asian infrastructure projects. Ansaldo president Bruno Musso told BT
      456 words
    • 334 2  -  By Claire Leow KANEMATSU Semiconductor Corp of Japan and Cypress Semiconductor of the United States have set up local offices to boost their business in Asia. Kanematsu Semiconductor Singapore was set up last month with nominal capital of $1.6 million and a paid-up
      334 words
    • 265 2 THE Telecommunication Authority of Singapore (TAS) has taken a neutral stance on the type of technology to be used by the new operators of paging services which will come on stream in mid-1997. Director for policy Leong Keng Thai said yesterday that
      265 words
    • 359 2 S'pore's top exhibition venues add up to a winning card, says Chee Wee TRADE SHOWS and exhibitions will become increasingly important conduits for businessmen to reach out to a wider clientele in Asia-Pacific in the coming years. And the republic which boasts
      359 words
  • Page 2 Advertisements
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      226 words

  • SOUTH-EAST ASIA
    • 560 3 Reuter AP MANILA Asian economic growth will more than double growth in the rest of the world in 1995, economists with the Asian Development Bank and the World Bank said yesterday. However, an economic slowdown in China will
      Reuter; AP  -  560 words
    • 47 3 AFP BANGKOK The first Thai-language edition of the French fashion magazine Elle, is due to hit Bangkok bookstands today, which will be the 20th anniversary of the Paris-based magazine. It will sell for 60 baht (553.50). Elle is published in 15 languages worldwide.
      AFP  -  47 words
    • 275 3 Bernama KUALA LUMPUR Telekom Malaysia yesterday launched the Inmarsat M and B services, two versatile and portable global satellite communication systems. The systems allow communication for people on the move, at sea or on land, said Rashdan Baba, executive chairman of Telekom Malaysia. Before this,
      Bernama  -  275 words
    • 295 3 AFP AP HANOI After months of anticipation, Vietnam has formally applied to become the first communist member of Asean, the foreign ministry said yesterday. The ministry's Press Department said Vietnamese Foreign Minister Nguyen Manh Cam handed a letter of application to his Brunei counterpart,
      AFP; AP  -  295 words
    • 341 3 KUALA LUMPUR The Employees Provident Fund, Malaysia's largest financial institution, has been given the go-ahead to invest abroad. The Star newspaper reported yesterday. The move is seen as the first big step in the 43-year-old statutory body's plan to expand its
      341 words
    • 81 3 Bloomberg Business News BANGKOK The United States will remove Thailand from its Priority Watch List of trading partners when a new copyright law is passed and enforced, Deputy Prime Minister Supachai Panitchpakdi told the Bangkok Post. US Trade Representative Mickey Kantor told Mr Supachai
      Bloomberg Business News  -  81 words
    • 72 3 AFP JAKARTA The Indonesian government yesterday signed a memorandum of intent with the United Nations High Commission for Human Rights, pledging to work closely with the UN organisation to promote and protect human rights. Indonesia has been criticised for violations of human rights, especially
      AFP  -  72 words
    • 92 3 AP HANOI The World Bank has approved a US$l SO million (SS22O.S million) loan to Vietnam to support market reforms in the Communist country's banking, tax and public finance sectors, a bank official said here yesterday. Officials at the Washington headquarters will sign an
      AP  -  92 words
    • 84 3 Reuter MANILA An unrepentant Ime Ida Marcos said yesterday she had offered US$3O million to compensate victims of human rights abuses during her late husband's 20-year rule as Philippine president. But, she said, American lawyer Robert Swift spurned her offer without consulting the "so-called" victims. She
      Reuter  -  84 words
    • 384 3 AFP BUKJTTINGGI, Indonesia China yesterday rejected an initiative by Indonesia, hosts of regional informal talks on the disputed Spratly islands, to broaden efforts at cooperation to countries beyond the South China Sea region. The official Antara news agency said Foreign Minister Ali Alatas
      AFP  -  384 words
  • Page 3 Advertisements
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      107 words

  • CHINA/HONGKONG/TAIWAN
    • 495 4  -  From Catherine Ong in BEIJING CHINA will become the world's biggest recipient of direct foreign investment by the end of the century, overtaking the United States, which took the lion's share last year, a Hongkong economist said yesterday. "Before the
      495 words
    • 465 4  -  From Catherine Ong in BEIJING DEVELOPING countries feel they have been sidelined in multilateral trade talks and are concerned that the postGatt playing field may be as uneven as it was before, Thai Deputy Prime Minister Supachai Panitchpakdi said yesterday. While the conclusion of
      465 words
    • Article, Illustration
      53 4 Reuter BEIJING A Chinese man off to work on his Bactrian camel yesterday at the Great Wall outside the capital. Ihe two-humped camel is trained to stand still and tourists pay 10 yuan (551.70) to pose for photographs on its back. Ihe Bactrian camel is a native
      Reuter  -  53 words
    • 216 4  -  By Schutz Lee THE transfer of power from China's old guard represented by paramount leader Deng Xiaoping appears complete, when the elder statesman indicated he no longer wished to be involved in making policy decisions, according to a report. Malaysia's Sin Chew
      216 words
    • CHINA WATCH
      • 55 4 Bloomberg Business News HONGKONG Hongkong legislator Tsim Pui Chung said the government's support of the new stock futures contracts on the Futures Exchange will stir concern among financial officials in China, the Singa Pao daily reported. Mr Tsim believed the government's support is a
        Bloomberg Business News  -  55 words
      • 53 4 Bloomberg Business News HONGKONG Beijing will delay setting up the China Academy for Research in Reform, said the South China Morning Post. The Politburo has shelved the proposed ministerial-level centre, already approved by leader Deng Xiaoping, because the "climate is not right for radical reforms".
        Bloomberg Business News  -  53 words
      • 67 4 UPI BEIJING Police in the cosmopolitan city of Shanghai arrested more than 100 gamblers who were betting on staged fights between crickets, the Wen Hui Bao daily reported on Tuesday. The illegal gamblers arrested in a series of raids in the city had been putting individual stakes
        UPI  -  67 words
      • 64 4 AFP TAIPEI Police yesterday arrested the owner and two employees of an illegal karaoke club after a fire swept through the building, killing 13 people and injuring one seriously. The club manager and deputy director were later released on NT$2OO,OOO (S$ 11,240) bail each,
        AFP  -  64 words
    • 251 4 Bloomberg Business News AFP HONGKONG Residential property prices here may be heading higher again soon, taking the stocks of real estate developers with them, according to US investment bank Morgan Stanley Asia. The market could become as red-hot as it was
      Bloomberg Business News; AFP  -  251 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • REST OF ASIA
    • 449 6  -  By S N Vasuki SINGAPORE Global tenders floated early this month for a US$l billion (551.47 billion) high-speed tram system in New Delhi should attract a strong response, the director of India's Surface Transport Ministry said. i Pankaj Jain said in
      449 words
    • 288 6 Reuter BOMBAY India's newest bourse plans to launch screenbased equities trading from Nov 3 and it is already sending shivers through the country's oldest exchange in Bombay. The Bombay Stock Exchange (BSE) has long been accused by critics of being run as
      Reuter  -  288 words
    • 364 6 Reuter NEW DELHI India will offer tax breaks and real estate development opportunities to highway builders in a new road policy geared to attract billions of dollars of foreign investment, a government minister said on Tuesday. "Anyone who comes to India
      Reuter  -  364 words
    • 254 6 Reuter CANBERRA Australia's Foreign Affairs Department fears Malaysia might use a warship contract proposed between the two countries as a trade weapon against Australia, The Sydney Morning Herald reported yesterday. A Foreign Affairs spokesman refused to confirm or deny the existence
      Reuter  -  254 words
    • 40 6 AFP COLOMBO Srima Dissanayake, widow of slain Sri Lankan opposition leader Gamini Dissanayake greeting mourners at her residence yesterday. She will be standing as the main opposition UNP presidential candidate for next month's election. AFP
      AFP  -  40 words
    • 75 6 Los Angeles Times NEW DELHI The plague epidemic that teirified Indians, generated scary headlines and stampeded some nations into weaving a cordon sanitaire around this country last month was, in fact, a "limited outbreak," US and Russian public health experts reported on Tuesday. After
      Los Angeles Times  -  75 words
    • 65 6 Reuter WELLINGTON New Zealand reported yesterday a wider-than-expected current account deficit for the June quarter, but economists said it reflected the economy's strength. Statistics New Zealand said the current account went into deficit to the tune of NZ$393 million (***** million), compared with surpluses of
      Reuter  -  65 words
    • 75 6 Bloomberg Business News TOKYO The high yen hurts Japanese manufacturers but not non-manufacturing businesses, the Shoko Chukin Bank said yesterday. In its Sep 13 survey, the bank found that 58 per cent of 350 manufacturers said they would be hurt if the yen remains below
      Bloomberg Business News  -  75 words
    • 45 6 AFP NEW DELHI India has banned the export of onions to reinforce local supplies and control an alarming increase in prices. The National Agricultural Cooperative Marketing Federation, said on Tuesday that shipments of the produce were suspended with immediate effect. AFP
      AFP  -  45 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
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  • THE WORLD
    • 75 8 AFP TOKYO Japanese and US negotiators resumed bilateral trade talks on the flat glass issue here yesterday in an attempt to reach a final agreement by an Oct 31 deadline, officials said. The two sides agreed in principle earlier this month to open Japan s
      AFP  -  75 words
    • 79 8 AFP STRASBOURG, France The European Union's 1993 plan for restructuring the EU steel industry is definitively dead EU competition commissioner Karel van Miert announced here on Tuesday. The plan called for cutting at least 19 million tonnes in capacity to make the sector competitive. Mr
      AFP  -  79 words
    • 74 8 AFP PARIS France and Britain are to set up a joint military command to coordinate air action in times of crisis, a defence ministry source said on Tuesday, giving details of plans already broadly announced in London. The unit will involve about a dozen officers and its
      AFP  -  74 words
    • 102 8 Bloomberg Business News FRANKFURT Bundesbank President Hans Tietmeyer yesterday said it's an open question whether the German central bank will cut interest rates again. "It's completely open," he said. "We will look very carefully at how the money supply develops." In an interview with
      Bloomberg Business News  -  102 words
    • 493 8 Reuter AP AMMAN Israel and Jordan yesterday signed a peace treaty ending 46 years of conflict at a desert ceremony attended by US President Bill Clinton who later flew to the Jordanian capital to address parliament. He praised the treaty signed under a
      Reuter; AP  -  493 words
    • 390 8 Reuter LONDON Prime Minister John Major's government, rocked by the sacking of a minister after allegations of influ-ence-peddling, fought yesterday to put an end to a damaging row over political sleaze. But its chances of shelving the row looked slim as pressure mounted
      Reuter  -  390 words
    • 196 8 Reuter PARIS France said yesterday it was looking for banks to help sell tobacco group Societe Nationale d'Exploitation Industrielle des Tabacs et Allumettes (Seita), the maker of the pungent Gauloises and Gitanes cigarettes. Economy Minister Edmond Alphandery told a news conference
      Reuter  -  196 words
    • 402 8 AFP PARIS The United States and the European Union (EU) seem headed for a showdown in the next few weeks over who should be at the controls in two top international economic bodies, senior European diplomats said. They saw a
      AFP  -  402 words
    • 421 8 Reuter LONDON Britain's fastgrowing cable and satellite television industry is going public in a wave of flotations and listings that will create a powerful new group on the London share market. Bell Cablemedia, Britain's third-biggest cable operator, on Tuesday joined a growing
      Reuter  -  421 words
    • 544 8 Reuter PARIS An ailing Francois Mitterrand, the clock'ticking away on the final six 'months of his presidency, turned 78 yesterday, haunted by his past yet determined to use his remaining time in office to leave his stamp on France. The socialist leader
      Reuter  -  544 words
  • Page 8 Advertisements
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  • SPORTS
    • 398 9  -  Epson Singapore Open Report* by Shahiron Sahari SINGAPORE The Pollutants Standard Index will be awaited with some interest this morning at the US$4OO,OOO (S$588,000) Epson Singapore Open. But unlike most of us, many golfers are hoping that it will remain
      398 words
    • 468 9 SINGAPORE Paul Moloney will always remember with fondness his win in last year's Epson Singapore Open, for it was a victory which effectively kick-started his professional career. Although the Australian turned professional in 1990, last year's Open win was his first, and it helped
      468 words
    • 249 9 AP BIRMINGHAM, Alabama In position to win on a course that once excluded blacks, Tigers Woods was not fazed by all the attention surrounding his appearance at the Jerry Pate Intercollegiate at Shoal Creek. Woods, the reigning US Amateur champion, was three
      AP  -  249 words
    • 219 9 Reuter AFP KUALA LUMPUR Two huge wins by Hongkong and South Korea over Thailand and Singapore respectively at the 14th Asian Rugby Championship on Tuesday could be the catalyst to changes in the format of the biennial event. Hongkong
      Reuter; AFP  -  219 words
    • 661 9 AP TOKOROZAWA, Japan Atsushi Iwaguchi stands in the centre field bleachers, wearing a white-and-blue Seibu Lions baseball uniform, blowing a trumpet at the top of his lungs, while five seated comrades blast in unison and another keeps time on a bass drum. When Tsutomu
      AP; Reuter  -  661 words
    • 399 9 Reuter SOTOGRANDE, Spain Colin Montgomerie, who retained the European golf tour Order of Merit title last week while relaxing at home, said the taste of success was sweeter than the first time. it's all well and good to win a
      Reuter  -  399 words
    • SCORE CARD
      • Article, Illustration
        66 9 SINGAPORE Epson Singapore Open Pro-Am yesterday: 120 nett Paul Davenport (NZ), Bcrnic Lim, Nasir B. Matthew Lui 122 Boonchu Ruangkit (Tha), Ivan Hoycs, Dr KVikrom, YC Liew 123 Anthony Painter (Aust), Ang Chin Du. Boh Thai Sec. David Weng 124 ocb Brad King (Aust), Peter Toil, William Lau, CP
        66 words
      • Article, Illustration
        200 9 BONN US$4OO,OOO VV'I A tournament Ist rd on Tuesday: Martina Hingis (Swi) b Caroline Vis (Neth) 6-1 6-0; Leila Meshki (Geo) b Irina Spirlea (Rom) 3-6 6-1 6-1; Sabine Appclmans (Bel x 6) b Wiltrud Probst (Ger) 6-7 (3/7) 6-4 6-0; Natalia Medvedeva (Ukr) b Conchita Martinez (Spn xl)
        200 words
      • Article, Illustration
        33 9 Reuter HARARE At tea on the first day of the third and final test, Sri Lanka were 158 for three, adding 74 runs in the afternoon session while losing two further wickets.
        Reuter  -  33 words
      • Article, Illustration
        114 9 KUALA LUMPUR World Cup Asian zone qualifying tournament yesterday Group A: Japan bt Malaysia 97-9 (halftime 30-6). Grp B on Tuesday: South Korea bt Singapore 90-3; HK bt Thailand 93-0. Standings (P W D L F A Pts) Grp A: I Japan 3 2 0 0 220 17 6
        114 words
    • SIDE LINES
      • 57 9 UPI BEIJING China and Australia signed on Tuesday an anti-dop-ing agreement increasing spot drug tests and increasing educational programmes. Steve Haynes, chief executive of the Australian sports drug agency, met Chinese Olympic committee president Wu Shaozu for the signing of China's first agreement with any
        UPI  -  57 words
      • 77 9 AP NEW YORK Fifa officials, unhappy that the men's Olympic soccer final in the 1996 Atlanta Games will not be shown on American television, will lobby lOC president Juan Antonio Samaranch to convince broadcaster NBC to change its mind. Citing the success of soccer
        AP  -  77 words
      • 65 9 Reuter WELLINGTON All Black loose forward Zinzan Brooke was yesterday suspended for two weeks for foul play, less than 24 hours after receiving an award as New Zealand's most outstanding rugby player. Brooke was suspended for two incidents in the first division final
        Reuter  -  65 words
      • 52 9 AP MELBOURNE Irish trainer Dermot Weld expects to decide dtferthe next 24 hours whether favourite Vintage Crop will be fit compete in Tuesday's Melbourne Clip Australia's premier race. Vintage Crop was on Tuesday declared doubtful after needing 14 stitches in his right foreleg after an
        AP  -  52 words
      • 78 9 Reuter NEW YORK, Oct 25 Stuffed only with confidence, a trimmed-down George Foreman guaranteed victory when he challenges Michael Moorer next week. "I already feel that I'm the heavyweight champion of the world," Foreman told reporters. The 45-year-old Foreman is so sure of toppling Moorer, the
        Reuter  -  78 words
      • 39 9 AP STOCKHOLM Boris Becker and Andrei Kafelnikov breezed into the third round of the Stockholm Open tennis tournament. Becker beat Richey Reneberg 7-6 (7-3), 6-1 and Kafelnikov beat Guy Forget 7-6 (7-4), 6-4. AP
        AP  -  39 words
  • Page 9 Advertisements
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  • Page 10 Advertisements
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  • Page 12 Advertisements
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  • LIFESTYLE
    • 720 13  -  Parvathi Narayan highlights a series of lectures held in conjunction with the Tresors art fair Parvathi Narayan ART, AND collecting art, has become a serious business. As one who has parted with money for a piece of art, you have, whether you are aware of it
      720 words
    • 623 13  -  Masao Miyoshi profiles this year's recipient of the Nobel Prize for literature Masao Miyoshi The writer is Hajime Mori Professor of Literature at the University of California San Diego Los Angeles Time THE AWARD of the Nobel Prize in literature to the Japanese author
      Los Angeles Time  -  623 words
    • 336 13 CHATTERBOX AP AP AP AP MADONNA'S brother Martin Ciccone is back in jail, apparently at his own request. Ciecone, 37, of Rochester Hills was jailed on charges including drunken driving after a July 9 accident. A Detroit merchant posted his U552,500 (553,675) bail on Oct
      AP  -  336 words
  • Page 13 Advertisements
    • 105 13 M&MKHI Savour all the helpings you desire of our M house speciality, Hainanese Chicken J Rite at only one price. f/*' f I Relish smooth and tender chit ken with m I steaming, fragrant rice now available at W/V Cafe Aladdin. What's more, tempting desserts come free too' Available for
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  • Page 13 Miscellaneous
    • 1260 13 I TV RADIO Asian Short Films, Bpm, Ch 12 I Three local films. The Final H Cut sees Lim Kay Tong film-maker who must change a tj H H| 9B| HP Sappho looks a tree 4| the a m lake Away sees a tional Chinese couple get rid of y
      1,260 words

  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • 75 14 SINGAPORE World-renowned water technology experts will discuss the latest in modern waste-water treatment and disposal at the Asian Water Technology '94 Conference next month. Ihe conference, to be held from Nov 22-24 at the Raffles City Convention Centre, is organised by RAI Exhibitions. Aquatech Asia '94,
        75 words
      • 102 14 AP SEATTLE Comparisons of radar images collected by April and October space shuttle missions reveal land movements around the Kilauea volcano in Hawaii that will help scientists gauge volcanic hazards there, scientists said recently. Ultimately, the space radar could help predict volcanic activity. "The
        AP  -  102 words
      • 135 14 Reuter LONDON Virtuality Group, British designer of virtual reality systems, on Tuesday said it had signed a deal with US computer games giant Atari to produce the first virtual reality games for the home market. Virtuality will design a prototype headset for use with
        Reuter  -  135 words
      • 99 14 UPI DES MOINES, lowa Scientists believe they have pinpointed a difference in the brains of people with schizophrenia that may shed light on the underlying causes of the disease. University of lowa researchers say the baffling array of symptoms in schizophrenia ranging from delusions and hallucinations
        UPI  -  99 words
      • 109 14 Bloomberg Business News WASHINGTON A test made by Chiron Inc can quickly and accurately determine the level of human immuno-deficiency virus (HIV) in the bloodstreams of many patients. Researchers say this can help doctors and scientists quickly determine how well experimental therapies are working, allow doctors
        Bloomberg Business News  -  109 words
    • 69 14 Reuter TOKYO Hiromi Suzuki taking a closer look on Tuesday at a giant prototype liquid crystal display video projector developed by Nippon Telegraph and Telephone Corp. The 275 cm projector has a resolution of 2,880 by 2,048 light pixels, four times as high as that
      Reuter  -  69 words
    • 329 14 Bloomberg Business News IN A breakthrough likened to the development of the first semiconductor manufacturing techniques, scientists at Toshiba Corp's British research centre have found a way to make extremely powerful computer chips. Toshiba said researchers at the Toshiba Cambridge Research Centre, working with Cambridge University's
      Bloomberg Business News  -  329 words
    • 527 14  -  By Michelle Low Philips' latest project carried out by its Singapore research centre promises to make assembly lines easier to set up and fine-tune. Called the Flexline system, the project aims to overcome inflexibility in most production processes. As a fully automated assembly line
      527 words
  • Page 14 Advertisements
    • 208 14 H K1 Hp I If you think the Germans are fussy about their cars, YOU SHOULD SEE HOW THEY TREAT THEIR PLANES. /n the automotive industry, the world acknowledges Germany's technical and from Airbus Industries or Boeing that touches down in South Africa. We also are contracted to do all
      208 words

  • THE LAW PAGE
    • 519 15  -  Ramesh Divyanathan tells why Osier Renault opens office in Singapore Ramesh Divyanathan O ADA's largest :rnational law do (so inf Singapore and in Asean. The firm, of which former Canadian prime minister Brian Mulroney is a partner, has offices in Paris, London, Hongkong and New York.
      Photo by Chris Loh  -  519 words
    • 241 15  -  By Ramesh Divyanathan WHILE some law firms form multinational partnerships and set up overseas offices, others like Singapore's Harry Elias Partners are members of an international association of independent law firms. Harry Elias is a member of Interlaw, an association of 47
      241 words
    • 428 15  -  AT THE BAR By Conrad Raj LL*Y HAVE a dream." says I lawyer R PalakrishA nan, echoing the words of the late American civil rights leader, Martin Luther King. But while Dr King's dream was to win equal rights for his fellow
      428 words
    • 695 15  - Baker McKenzie is world's top earner By Ramesh Divyanathan US LAW FIRM Baker McKenzie is the top earning and largest law firm in the world, according to International Financial Law Review. The Review's Guide to the World's International Business Law Firms, 1995 edition, said Baker's more than 1,700 lawyers grossed
      695 words
  • Page 15 Advertisements
    • 709 15 111 l x m m s m MM INDUSTRIAL El COMMERCIAL BANK LTD 111 l (INCORPORATED THE REPUBLIC CDF SINGAPORE) To Holders of Warrants 1994 ("Warrants") ICB WARRANTS 1994 TO SUBSCRIBE FOR SHARES IN INDUSTRIAL COMMERCIAL BANK LIMITED EXPIRING AT 5.00 P.M. ON 7 DECEMBER 1994 IMPORTANT NOTICE This is
      709 words

  • 588 16 iprroßiAL I I —W—MM— IT IS brave of any government to move to raise the salaries of its ministers and top civil servants at a time when an election is on the horizon. If Singapore's Parliament passes the government s White Paper on Competitive
    588 words
  • WHAT THE OTHERS SAY
    • 307 16 IN THIS difficult time, Sri Lankans would do well to heed the murdered Gamini Dissanayake's widow, who has urged that the highest tribute to her husband would be to remain calm. Prime Minister Chandrika Bandaranaike Kumaratunga, daughter and widow of men who were similarly
      307 words
    • 187 16 POLITICAL TURMOIL in Sri Lanka is continuing. Assassination bids have been the order of the day in this once-idyllic isle of the Indian Ocean ever since racial intolerance and economic inequality reared their ugly heads in the early '70s. Being the inheritor of problems
      187 words
    • 154 16 IF SRI LANKA is to return to the days when it enjoyed political democracy, social peace and stability, it has to change the violent means its political parties use in fighting one another. It must also help ease the racial tension between the majority Sinhalese
      154 words
    • 164 16 ONE TINY pinpoint of light can be glimpsed in yesterday's speech by Guo Fengmin, the retiring head of the Chinese team at the Sino-British Joint Liaison Group (JLG). Although he merely expressed a "hope" that some agreement could be reached on the building of the new
      164 words
    • 98 16 THE INITIATIVE of the authorities to encourage banking employees to report suspected money laundering activities is to be welcomed. But a lack of objective criteria of reporting may reduce its effectiveness. The initiative, launched yesterday by the Hongkong Association of Banks in conjunction with the Monetary
      98 words
    • 122 16 IN THIS AGE of globalisation, there seems to be a growing tendency on the part of foreign countries especially those that extend aid to others to know what is happening in the other countries. A similar trend can also be observed among non-governmental organisations (NGOs) around
      122 words
  • 1205 16  -  SMEs were the focus of a recent Apec ministerial meeting. Anthony Rowley finds out why such enterprises are being accorded more respect nowadays Anthony Rowley The writer is BT's Tokyo Correspondent THERE WAS something distinctly anti-climactic in the billing of the AsiaPacific Economic Cooperation (Apec)
    1,205 words
  • Page 16 Advertisements
    • 665 16 1 AMTEK ENGINEERING LTD j (Incorporated in Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting o»AMTEK ENGINEERING LTD w*l***** Room. 4th Level, Orchard Hotel, 442 Orchard Road. Singapore 0923 on Friday. 18th November 1994 at 300pm tor the following purposes
      665 words
  • Page 16 Miscellaneous
    • 54 16 /TMey f -Twey TR.VING > UiMo wept TWOSC R.RGGE.D, I Puß UC ReLMioMSI T HepvDHONT I pF\Tv4eTic roeN COHO| y V oeße. SITTING cn TUG- ppgkl k —> V__—, r 6eMCH NfQQ ToDRV N M C ASSOCIATED NIMMKU LTD.. IH7-IH4 Qk^* 9 I DOONESBURY GARRY TRUDEAU Wgoopucikwh^^H mcv^wWwm-1 I THATHBCKLBR.
      54 words

  • ANALYSIS
    • 1681 17  -  Leon Hadar examines the growing US preoccupation with the rising Japanese 'threat', despite signs to the contrary. He calls the Oct 1 trade compromise a time-out in the dangerous US-Japan global confrontation and explains why a sector-by-sector approach will not work Leon Hadar The
      1,681 words
    • 1129 17  -  Scot J Paltrow discusses the phenomenon of'backing away', which indignant small investors say is a rampant practice Scot J Paltrow Los Angeles Times ON trading desks across the United States, the video screens of Nasdaq computer terminals glow with stock symbols and price
      Los Angeles Times  -  1,129 words
  • Page 17 Advertisements
    • 44 17 Exhibition of rare and antique Persian carpets and rugs. 28 October 6 November 1994. Free admission. mssa-fs \m CARPETS Bs PURVEYORS OF FINE ORIENTAL CARPETS #03-01/06 Tanglin Shopping Centre. Tel: 737 5626. Fax: 235 4968. Open 10 am 7.30 pm daily (including Sat Sun).
      44 words

  • 512 18  -  From Loh Hui Yin in BANGKOK PRIME Minister Chuan Leekpai's revamped Cabinet has taken on a strong pro-busi-ness outlook, especially with the inclusion of influential entrepreneur Thaksin Shinawatra and two other prominent businessmen in the line-up. The other two are banker Vichit Suraphongchai,
    512 words
  • 310 18 AFP NEW DELHI Chinese envoy Cheng Ruisheng has floated the idea of a Sino-Indi-an trade bloc to counter regional groupings and proposed cooperation in high-technology areas such as aviation and space. The Chinese ambassador said regional trading blocks like the Association
    AFP  -  310 words
  • 132 18 A COOL 553.2 biHion. That's what Thaksin Shinawatra and his wife Pojaman are worth at least, based just on their combined 50 per cent stake in their listed Shinawatra Computer and Communications. Dr Thaksin holds 34.92 million shares (25.19 per cent) and Mrs
    132 words
  • 441 18 Bloomberg Business News AP WASHINGTON Orders for big-ticket goods rose a smaller-than-expected 0.1 per cent in September as car production slowed after surging in August. Though lacklustre, September's gain was the 12th in the last 14 months. The Commerce Department said
    Bloomberg Business News; AP  -  441 words
  • 529 18 Reuter Bloomberg Business News LONDON If the US ever does decide to defend the dollar, it may not have many friends among Europe's central banks, economists said. Last week, US Treasury Secretary Lloyd Bentsen said the US and its allies stood ready
    Reuter; Bloomberg Business News  -  529 words
  • 262 18 Reuter AFP MOSCOW Russian officials have flown to the northern region of Komi to investigate an oil spill which United States officials say could have a disastrous impact on the fragile Arctic environment. But local officials tried hard to play down the significance of
    Reuter; AFP  -  262 words
  • 648 18  -  The Bottom Line NEVILLE STACK NEVILLE STACK The writer is a UK-based journalist who contributed this commentary to BT THE MIASMA of sleaze that hangs round Britain's Conservative Party and taints even the government itself is like the haze currently shrouding
    648 words
  • 295 18 Eastern Express HONGKONG A senior Chinese official said China would have a comprehensive social security system in place next year to cope with the thousands of state enterprises likely to go bankrupt. Qiu Xiaohua, chief economist of China's State Statistical
    Eastern Express  -  295 words
  • 238 18 AFP LONDON Britain's largest multinational companies choose China and India as their investment priorities in emerging markets but remain wary of South Africa because of the political risks, a survey showed yesterday. The survey, by accountants Ernst and Young, also showed the
    AFP  -  238 words
  • 80 18 Reuter SEATTLE Boeing Co, hurt by weakness in the world airline industry, yesterday reported lower profit for the third quarter but said signs of sustained US growth, developing Asian markets and the European recession coming to an end, should help growth in the commercial
    Reuter  -  80 words
  • 67 18 Procter Gamble's profit up 18% Reuter CINCINNATI Procter Gamble Co's first quarter ended Sep 30 "was an excellent quarter", chief executive officer Edwin LArtzt said yesterday. The company reported an 18 per cent increase in earnings to US$792 million (551.164 billion), or US$l.l2 per share, on an 8 per cent
    Reuter  -  67 words
  • 58 18 Bloomberg Business News WILMINGTON, Delaware DuPont Co yesterday said thirdquarter earnings rose 86 per cent, reflecting cost reductions and growth in the company's global markets. Profit from operations rose to US$65O million (***** million), or 96 US cents a share, from US$35O million,
    Bloomberg Business News  -  58 words
  • 92 18 Bloomberg Business News NEW YORK Texaco Inc's third-quarter profit from continuing operations rose 6 per cent on increased oil and natural gas production and higher oil prices. Earnings from continuing operations, excluding special items and tax benefits on asset sales, rose to US$27O million (***** million),
    Bloomberg Business News  -  92 words
  • Page 18 Advertisements

  • COMPANIES & MARKETS
    • 380 19  -  By Joseph Rajendran SINGAPORE Computer sound card maker Creative Technology yesterday reported a 17 per cent fall in net profit for its first quarter to Sep 30. Even though sales soared 122 per cent to U*****.3 million (*****.9 million), earnings slipped to US$l7.7
      380 words
    • 313 19  -  From Harish Mehta in PHNOM PENH ASIA Pacific Breweries Ltd was awarded an investment licence yesterday to build a USsso' million (5573.5 million) brewery near Phnom Penh. The Singapore-listed firm had signed a joint-venture agreement on Oct 17 with its Cambodian
      313 words
    • 309 19 SINGAPORE Trading in shares linked to the late Goh Tjoei Kok remained active yesterday, but analysts said a takeover of listed Tat Lee Bank would be almost impossible in the near future. The euphoric buying of TLB and related
      309 words
    • 229 19 SINGAPORE Ipco International has won a $93 million contract to build a gas pipeline in Thailand, bringing its order book to more than $530 million. The group said yesterday its subsidiary, Ipco Construction, had signed a letter of intent with the Petroleum
      229 words
    • 945 19  -  HOCK LOCK SIEW By Alvin Tay SINGAPORE If indeed Tat Lee Bank (TLB) is up for grabs, it would be a straight fight between DBS Bank and Keppel Corporation. But it is early days yet to speculate about TLB's future. In fact, it
      945 words
    • 257 19  -  By Teh Hooi Ling SINGAPORE China-Sin-gapore International (CS International), a consortium led by Wing Tai Holdings, held a ground-breaking ceremony early this month for the first of its many property developments in Ningbo City in Zhejiang province, China. The' project Zhong Shan
      257 words
    • 173 19 SINGAPORE Sembawang Corp is a step closer to achieving its dream of acquiring a listed construction or property company. Shareholders at an extraordinary general meeting yesterday approved its plan to acquire building materials supplier Resources Development Corp. Their decision is in line with
      173 words
    • EYE on your STOCKS
      • Article, Illustration
        45 19 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday Overnight events may alter sentiment Brokers polled Alliance, Baring. Daiwa. hraser (ioh. Kay than. Morgan Grenfell. Nomura. OngCo. Phillip. Smith New Court. W! Carr and Sii Warburg.
        45 words
      • Article, Illustration
        108 19  -  Paul Leo UNITED Overseas Land is one of the best performers in the last two months, shooting up from around $2 to close yesterday at $3.04. But that has sent almost all its shortand long-term indicators into the overbought region. Bearish divergences are seen in the daily and
        108 words
    • COMPANIES
      • 41 20 Reuter KUALA LUMPUR Malaysian tyre ret reader Autoways Holdings Bhd has requested suspension of trading in its shares pending an announcement, a KLSE official said yesterday. Autoways shares rose 30 cents to close at M 59.75. Reuter
        Reuter  -  41 words
      • 34 20 SINGAPORE Harimau Investments Ltd said yesterday its net tangible assets backing for each 1 share based on the group s unaudited accounts as at 30 Sep, 1994 was $2.22.
        34 words
      • 39 20 SINGAPORE Shareholders of City Developments have given approval to City Capital Corporation, the company's subsidiary, to buy Matterhorn Building from Singapore Finance for $72 million. The green light was given at an EGM yesterday.
        39 words
      • 76 20 Singapore HRC Holdings, an associate firm of Hotel Properties, has increased its capital stake in HRC(HK) Holdings (HRCHK) from 70 per cent to 100 per cent. It did this by acquiring an additional 30 per cent interest (comprising 30 ordinary shares of HK$l
        76 words
      • 47 20 SINGAPORE OCBC Bank yesterday announced that the coupon for the US$l5O million floating rate note issued by China International Trust and Investment Corporation (Citic) has been fixed at 6.5 per cent for the next interest period from Oct 27 to April 27.
        47 words
      • 68 20 Bloomberg Business News MANILA Jollibee Foods Corp, the leading fast-food chain in the Philippines, said net income in the first three quarters of the year surged 48.5 per cent as higher consumer spending and new stores boosted its sales. In unaudited statements fi|ed with the
        Bloomberg Business News  -  68 words
      • 219 20 Bernama NEW DELHI Renong Bhd and the Berjaya Group are reportedly showing interest in the 4.7 billion rupees (S$ 197.4 million) Madras Industrial Park. A high-level delegation from the southern Indian state of Tamil Nadu will be leaving for Singapore and Malaysia in
        Bernama  -  219 words
      • 425 20  -  By William Chia SINGAPORE Listed property group PT Modernland Realty will become the first Indonesian company to issue warrants with its plan to raise 299.2 billion rupiah (*****.46 million) through an issue of mandatory convertible bonds (MCBs) and warrants. Stockbroker PT
        425 words
      • 51 20 Reuter JAKARTA A seemingly endless line of Mercedes-Benzes to be used during next month s Asia Pacific Economic Co°P^ ra^'o n summit narked outside Jakarta's Convention Centre yesterday. Indonesia is gearing up to host the event which will be attended by leaders from Asia Pacific.
        Reuter  -  51 words
      • 245 20 Bernama KUALA LUMPUR The Malaysian group Land General Bhd, through its partnership company Land Offshore Exploration Ltd, has discovered natural gas in Texas in the United States, it was announced yesterday. A company statement said the first successful discovery was made
        Bernama  -  245 words
      • 449 20 llMHWl' priGM Oct 27 Mendalu Gr Fund I.IS 1.21 US Gr Fund 0.97 101Ulifl I nWI HMD -a AJ The C ommerce 1.73 1.83 WWeST mgl LW The Savings Fund 1.67 1.77 Unifund 1.56 j-63 S'pore Ping Fund 0 66 0 70xd Unibond+ 1.04 107 S'pore Sec Fund 1.03 1.09
        449 words
      • 265 20 MBT KUALA LUMPUR Berjaya Leisure Bhd expects group results to improve further in the current financial year with full-year contribution from Beijaya Sports Toto Bhd. In his annual statement, Berjaya Leisure chairman Thong Yaw Hong said: "The board expects the majority of the
        MBT  -  265 words
      • 209 20 Bernama KUALA LUMPUR Intense competition trimmed the group pre-tax profit of Wing Teik Holdings Bhd by 7.53 per cent to M$ 13.65 million (557.78 million) for the year ended July 31, 1994, against M$ 14.77 million previously. The company said yesterday that the group turnover,
        Bernama  -  209 words
      • 320 20 MBT KUALA LUMPUR Hicom Technical and Engineering Services Sdn Bhd (Hitech), a subsidiary of Hicom Bhd, has teamed up with a leading Canadian environmental and geographical information system consulting team, Gartner Lee Keir Asia Inc, to incorporate a new company called Hicom
        MBT  -  320 words
      • 284 20 KUALA LUMPUR The stage is all set for the country's largest cellular phone operator. Cellular Communications Network (M) Sdn Bhd (Celcom), to venture into paging services. The Star newspaper reported on Tuesday that although CT Paging Sdn Bhd has been licensed to operate paging
        284 words
      • 238 21  -  By Corinne Kerk SINGAPORE Hongkonglisted luxury goods retailer Diekson Concepts International has entered into an exelusive agreement with the Warner Bros movie group to open and operate Warner Bros Studio Stores here and in Hongkong. Dickson said yesterday it would
        238 words
      • COMPANY BRIEFS
        • 74 21 Reuter LONDON Hongkong trading giant Swire Pacific's ultimate UK parent, John Swire Sons Ltd, said on Monday it is to buy back its only publicly-traded shares in London 20 million 6.3 per cent £1 cumulative preference shares and cancel their London listing at the
          Reuter  -  74 words
        • 84 21 AFP HONGKONG The Securities and Futures Commission has suspended the registration of eight dealers for malpractice, the financial watchdog said yesterday. Seven of them have had registration suspended for a period of three months, while another was suspended for two months, starting yesterday, for participating
          AFP  -  84 words
        • 53 21 Bloomberg Business News BEIJING The Shenzhen stock exchange plans to expand the number of companies offering shares available for foreign investors, the official China Securities newspaper reported yesterday. The expanded market will give preference to companies in the energy, communications, manufacturing and raw material industries.
          Bloomberg Business News  -  53 words
        • 83 21 Bloomberg Business News TOKYO Helped by sales of washers and refrigerators at home and advanced liquid crystal display panels everywhere, Japanese electronics giant Sharp Corp yesterday reported higher-than-expected profit for the latest half-year. Although a strong yen shaved 15 billion yen (*****.5 million) from company
          Bloomberg Business News  -  83 words
      • 287 21 Bloomberg Business News BEIJING China Strategic Investment's earnings have been eroded because customers are late paying for their orders from its Chinese factories, the chairman of the Hongkong investment company said yesterday. "Our collection of debts becomes slower and slower, affecting profits,"
        Bloomberg Business News  -  287 words
      • 276 21 Reuter HONGKONG Tomorrow's Hongkong stock exchange council election is a classic battle pitting the small brokers against the large ones, observers said yesterday. While candidates all claim to have the industry's best interests in mind if they win one of the
        Reuter  -  276 words
      • 227 21 AFP Reuter TAIPEI The head of Taiwan's leading Hualon Group was turned in to the Taipei Prosecutors' Office yesterday pending final charges for his alleged involvement in recent stock payment defaults, investigators said. Billionaire member of parliament Oung Da-ming and
        AFP; Reuter  -  227 words
      • 379 22 FT NEW YORK The race to create alliances in US telecommunications quickened on Tuesday with the announcement of a partnership between Sprint, the third largest US long-distance phone company, and three leading US cable companies. The partnership will aim to
        FT  -  379 words
      • COMPANY BRIEFS
        • 81 22 Reuter DEARBORN, Michigan Ford Motor Co, riding a strong market for its pick-up trucks. Mustang and Windstar minivan, yesterday reported better-than-expected profits of US$l.l billion (SSI.6 billion) for the third quarter. The carmaker said the strong earnings came on revenues of USS3O.6 billion,
          Reuter  -  81 words
        • 95 22 Bloomberg Business News AKRON. Ohio Goodyear Tire Rubber Co, benefiting from the boom in American car production and higher international sales, said third-quarter profit rose 15 per cent on record revenue. Goodyear posted net income of USS 151.3 million, up from profit from continuing operations of
          Bloomberg Business News  -  95 words
        • 61 22 Bloomberg Business News HOUSTON American General Corp's third-quarter profit before special items rose 8 per cent on improved results in its annuities and consumer finance operations. The Houston-based life insurance and financial services company said profit from operations rose to USssl6o million from US$l4B million.
          Bloomberg Business News  -  61 words
        • 83 22 Bloomberg Business News NEW YORK RJR Nabisco Holdings Corp said its net income nearly tripled in the third quarter as its profit margin widened on domestic tobacco sales. The world's second-largest cigarette company said it earned US$2l6 million, compared with profit from operations of USss74
          Bloomberg Business News  -  83 words
        • 120 22 Bloomberg Business News MOUNT LAUREL, New Jersey Tyco Toys Inc, maker of Matchbox cars, posted a third-quarter loss and said it did not expect to make a profit for the full year. The United States' third-biggest toymaker also said it was in violation of parts of
          Bloomberg Business News  -  120 words
        • 79 22 Bloomberg Business News CHICAGO Quaker Oats Co said on Tuesday that its profit in the fiscal first quarter fell 33 per cent as advertising and marketing expenses for Gatorade and other products rose 15 per cent. Profit from operations was US$6l.4 million compared with net
          Bloomberg Business News  -  79 words
      • 276 22 Bloomberg Business News ROCHESTER. New York Eastman Kodak Co, struggling to cut costs and re-focus its business, said on Tuesday that earnings fell 31 per cent in the third quarter and more cuts are in the works. The photo company, which
        Bloomberg Business News  -  276 words
    • FINANCE & COMMODITIES
      • 590 23 Bloomberg Business News NEW YORK Salomon Brothers Inc, battered by two consecutive quarterly losses, is considering job cuts and other changes to convince investors their money is safe at the firm. The Salomon lnc unit is considering paring some of its 6,800 employees
        Bloomberg Business News  -  590 words
      • 369 23 Bloomberg Business News NEWPORT, Oregon West Coast Bancorp and Commercial Bancorp said they plan to merge under Commercial's charter and West Coast's name, creating a US$42O million (*****.4 million) company and the second largest local bank in Oregon. The "merger of equals" is
        Bloomberg Business News  -  369 words
      • 175 23 Reuter MANAMA One of the most prominent Islamic bankers lashed out at derivatives, the increasingly popular financial instruments used mainly for risk management, as potentially un-lslamic and unsuitable for the Third World. Saudi financier Sheikh Saleh Kamel, president of the Dallah
        Reuter  -  175 words
      • 331 23 Reuter ZURICH Even after several years of consolidation, Switzerland's domestic banking sector is still overcrowded, forcing weak regional banks to fight for their very existence as the biggest banks take their pick of the field. Swiss financial services group CS Holding last month agreed to
        Reuter  -  331 words
      • 390 24 FT LONDON UK life insurers must review hundreds of thousands of personal pensions sold since 1988 and compensate those investors who were wrongly advised to buy them, the Securities and Investments Board has said. Estimates of the potential bill
        FT  -  390 words
      • 54 24 Reuter BFIJING A Chinese cabbage vendor snoozing, surrounded by his product on the tray of his truck, yesterday at a market on the outskirts of Beijing. Cabbages have long been a winter staple, but in recent years they are bcin S supplemented b> a growing range
        Reuter  -  54 words
      • 384 24 Bloomberg Business News COLUMBUS, Ohio Federal prosecutors accused General Electric Co on Tuesday of colluding with De Beers Consolidated Mines Ltd to fix prices of industrial diamonds. GE dismissed the government's arguments as a tempest in a teacup, saying
        Bloomberg Business News  -  384 words
      • 303 24 Reuter LONDON European steelmakers might be enjoying better markets now but failure to deal with longer-term problems, demonstrated by the scrapping of the European steel plan, means they are simply storing up troubles, analysts said on Tuesday. The European Commission
        Reuter  -  303 words
      • 208 24 Reuter SHANGHAI Eleven commodities exchanges have been given licences to operate in China, winding up Beijing's efforts to standardise China's chaotic futures markets, the China Securities News reported yesterday. The newspaper listed the exchanges as the Beijing Commodity Exchange, Shanghai Metals Exchange, Shanghai Cereals and
        Reuter  -  208 words
      • 267 24 Bloomberg Business News WASHINGTON World cocoa production could rise 2.3 per cent to a record 2.54 million tonnes for the 1994-95 marketing year that began on Oct 1, the US Department of Agriculture said on Tuesday. In a quarterly report on tropical crops,
        Bloomberg Business News  -  267 words
      • 369 24 Bloomberg Business News TAMPA. Florida A federal judge has approved a US$3O million (5544.1 million) settlement by Metropolitan Life Insuranee Co of a elass-action lawsuit filed by policyholders who alleged they were misled about life insurance. The settlement sets in motion a process under which
        Bloomberg Business News  -  369 words
      • 308 24 Reuter PARIS Aluminium producers are unlikely to bring more metal on stream before mid--1995 despite a recent recovery in prices, a European aluminium industry source said. "Aluminium capacity could start increasing progressively by mid-1995 as aluminium stocks will return to normal levels. Aluminium demand will still
        Reuter  -  308 words
      • 201 24 Bloomberg Business News LONDON The dollar rose from the day's lows against major currencies after French Economics Minister Edmond Alphandery said that France is ready to help the US support the dollar if necessary. Alphandery's comments countered speculation that European central banks are reluctant to spend more
        Bloomberg Business News  -  201 words
      • 96 24 AFP NEW YORK The dollar rose slightly in quiet early trades following news that durable goods orders rose a modest 0.1 per cent in September. The small increase reassured investors that inflation in US was under control. Around 1430 GMT, the dollar was trading at 1.4950 marks down
        AFP  -  96 words
      • Article, Illustration
        1266 24 I rode weighted index cakidated againl/ Spore's lop 14 trading partners Base year 1985 US$/S$ forward rates Noon Oct 26 s$ Bid Oder 1-month ***** 1 4684 2-month 1 4649 ***** 3-month 1.4626 1.4641 6-month 1.4574 1.45*4 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9an on Oct 26 Singapore
        1,266 words
    • COMMODITIES & FUTURES
      • 1258 25 SIMEX REPORT SINGAPORE Simex Euroyen ended slightly firmer in light trading despite a string of comments by Japanese officials aimed at supporting the US dollar. Japan's Finance Minister Masayoshi Takemura said his ministry would take "tenacious and timely steps" to stabilise the currency
        1,258 words
      • 673 25 COMMODITY REPORTS KL Tin Tin surged 15 sen to close at a new three-month high of MS 14.03 a kg yesterday on rising prices in London. Dealers said the market firmed up as prices rose US$l7O a tonne in London while the local discount
        673 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 55 25 NEW DELHI India's coffee output is forecast at 180,000 tonnes in the 1994-95 (Oct-Sep) coffee season, down from last season's estimated 208,000 tonnes. The harvesting of the new crop has just begun, and the board expects the 1994-95 output to decline because of the
          55 words
        • 59 25 BANGKOK Nine north-eastern Thai sugar mills can start crushing 1994-95 (Nov-Oct) crop sugar cane on Nov 15, the government's Office of Cane and Sugar Board has decided. Thai sugar mills must await permission to start crushing each year. Crushing normally starts in
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        • 66 25 NEW DELHI India's four aluminium companies produced 226,151 tonnes of metal in the first six months of the 1994-95 (Apr-Mar) fiscal year compared with 224,732 tonnes a year earlier, a government statement said yesterday. State-run Na tional Aluminium Co Ltd exported 27,898 tonne? of aluminium and
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        • 68 25 TAIPEI Taiwan imported 174,761 tonnes o raw cotton in the first seven months of 1994, i decrease of 2.34 per cent from the 178,957 tonne imported during the same period in 1993. The US was the largest supplier of raw cotton, providing 60,840 tonnes of raw
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        • 52 25 SYDNEY Australia will supply 5,650 tonnes ol the first South Korean beef tender for 1995, the Australian Meat and Livestock Corporation saic! yesterday. The AMLC said Australian prices foi grainfed quarter beef were down four cents per k* on the previous tender awarded on
          52 words
    • 1419 25 Rubber Singapore Commodity Exchange (Marts dMh| M at 5.30f) HSS1C—tract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Nov 94 198.50 1000 D« 193.25 3375 Jan 95 188.00 185.25 185.25 575 2600 Feb 188.00 185.25 185.25 575 2675 Mar 188.00 185.25 185.25 575 2675 Apr/Jun
      1,419 words
    • REGIONAL STOCK MARKETS
      • 996 26 -4.2 SHARES closed weaker yesterday despite moderate domestic inflation data following a poor performance by overseas bourses. The key All Ordinaries Index finished at 2,017.6 points, 4.2 points below Tuesday's close. The All Industrials Index fell 2.8 to 2,846.0 and the All Resources dropped 5.5 to 1,404.6. Turnover was
        996 words
      • 623 26 -11.08 Profit-taking hit the market for the second straight day yesterday, with the composite index falling 0.3 per cent. The PSE Index fell 11.08 points to 3,078.26. Turnover was 2.7 billion shares valued at 1.5 billion pesos. Most blue chips carrying substantial weight on index remained flat, which was
        623 words
      • 591 26 -56.52 The bourse continued its downturn in light trading as investors retreated to the sidelines. The 390-issue Weighted Price Index lost 56.52 points to finish at 6,685.87. Turnover was 1.02 billion shares worth NT543.61 billion. The market opened slightly lower and further slipped to the day's nadir of 6,678
        591 words
      • 291 26 +7.69 Shares rose to their highest level in three weeks. Brewer Lion Nathan posted a gain after delivering a full-year profit figure higher than even the company had forecast. Yesterday's gain came as local investors braved the fourth consecutive decline in New York. Stocks here frequently follow the
        291 words
      • 84 26 1.86 Speculative selling pushed down share values slightly at close, though the market ended with a firm sentiment, brokers said. The BSE 30-share Index closed at 4,357.44, up 1.86 points. The 100-share National Index gained 4.06 to 2,053.85. Brokers said the trend belied expectations of a rise in A
        84 words
      • 463 26 +1.01 Share prices ended mixed but marginally stronger in a tug of war between bargain hunting and profit taking. The Composite Price Index edged up 1.01 points to settle at 1,092.03, with 55 million shares worth 1.25 trillion won changing hands in hectic trading. Rises outweighed falls 546 to
        463 words
    • WORLD STOCK MARKETS
      • 679 26 -1.0 SHARES were firmer for most of the day but lost the gains in late trade as US markets weakened and in the face of heavy selling in index futures. The FTSE-100 closed down 1.0 at 2,999.9 points below the psychologicallyimportant 3,000 level and just above the day's low
        679 words
      • 162 26 +7.12 French shares closed higher but off their best, as traders bemoaned the persistent pessimism weighing down French equities. Liquidity remained weak. The bourse has steadily fallen since the beginning of the year and each rebound has led to further selling. Dollar weakness was the current external factor undermining
        162 words
      • 268 26 +0.95 Dutch shares closed slightly firmer but off the day's high after dips in Dutch bonds and German bund futures late in the session dragged stocks back. The AEX Index closed up 0.95 of a point at 399.15 session high of 401.63. Dealers said sentiment was still uncertain, though
        268 words
      • 175 26 15.52 German shares ended sharply on the day. Dealers see the DAX Index holding a of range between 2,000 and 2,030 today in low volume trade. Dealers said that sharp in-tra-day swings were possible but they increasingly see the market trading sideways towards end of year. The DAX Index
        175 words
      • 202 26 +5.75 Belgian shares closed higher but dealers said they believed it was just a brief technical rebound after Tuesday's slide and the precursor of further losses. "I'm very pessimistic," one dealer said. "We are bearish for stocks, bonds and the dollar. Today was purely a technical recovery and just
        202 words
      • 135 26 +28 Italian shares ended the day marginally higher, but further losses were seen possible as low volumes and domestic funds still lightening their equity portfolios continue to dog the market, dealers said. "The market tried to rebound from yesterday's tumble, but volumes remain painfully low and sellers were ever
        135 words
      • 297 26 16 Shares perked up as London shares remained firm and mild support returned after a lack of interest in the past two days, dealers said. But they said the recovery was unconvincing and gold price and Wall Street strength was needed for it to be sustained. The Overall Index
        297 words
      • 251 26 12.02 Stocks climbed in early dealings after two days of softness, but dealers are uncertain if the gains are founded on real strength. "I think it's just a little bounce. It doesn't really feel like it's got a lot of underlying strength," one trader said. "But metal prices are
        251 words
      • 683 26 -0.34 The Dow Jones Industrial Average, which slid 4.71 points on Tuesday, was off 0.34 of a point to 3,850.25 at Ham EDT. The key barometer was ahead 15.47 points shortly after the market opened. The NYSE Composite Index was ahead 0.57 to 254.08, while Standard Poors 500-stock
        683 words
      • 138 26 +5,34 Swedish shares closed higher in quiet and cautious trade mainly supported by a strong European bourse trend. "It has been very quiet today and tomorrow Trelleborg and SKF will announce their nine-month results and many probably want to wait and see what they show. The range is wide
        138 words
      • 275 26 -17.5 Swiss shares ended lower with a lack of buying interest dampening sentiment, dealers said. Further losses were registered in line with a weaker Wall Street. The broad SPI Index ended down 10.88 points to 1,643.17 points. The blue-chip SMI Index closed 17.5 lower "to 2,477.2. Dealers said most
        275 words
      • 606 26 Britannia Funds Sterling C «*h Bid Offer Mim (ap Deposit 38 6400 38 6500 Mim Jer*» Gill .***** 0.1992 Mim Max Income ****** ****** USS Cash Income PW» Fund ***** 10 1600 PS Reserve Fund 5 3200 5 3300 Sterling Kqaity Euro Performance— .0.4592 0493® Far East Fund *2 '650
        606 words
    • Article, Illustration
      2858 27 Bloomberg Business News HONGKONG Stocks were little changed in slow trading amid concerns about rising interest rates and the weak US dollar, traders said. The Hang Seng Index gained 5.94 points to 9,252.44. Turnover was HKSI.96 billion. The All Ordinaries Index rose 0.51 to 4,638.10. Until the Federal Reserve
      Bloomberg Business News; Source: Bridge Info  -  2,858 words
    • Article, Illustration
      499 27 CLSA SHANGHAI A shares were hit yesterday by news that Treasury bills and bonds to be issued in 1995 will total 200 billion renminbi (Ss34 billion), up from 120 billion this year. Tlie index plunged 8.1 per cent on investor concerns over next year's liquidity levels. Turnover in Shanghai
      CLSA  -  499 words
    • Article, Illustration
      2517 27 Bloomberg Business News TOKYO Stocks were mixed* as concern over the government's biggest stock offering this year offset bright interim earnings results and forecasts. "It's not so much the listing of Japan Tobacco itself that's the problem," said a broker. "But it's impossible to tell what the market will
      Bloomberg Business News; Source: Bridge Info  -  2,517 words
    • Article, Illustration
      1681 27 Reuter BANGKOK Stocks rebounded from Tuesday's falls to close at the day's high, helped by technical factors and firmer key foreign markets, brokers said. The SET Index closed 12.49 points higher at 1,514.07 on moderate 6.75 billion baht turnover. "Investors gradually accumulated fundamentally sound stocks," said a broker. Buying
      Reuter; Source: Bridge Info  -  1,681 words
    • Article, Illustration
      1089 27 Reuter JAKARTA Share prices closed flat in moderate trading on a relatively stable Indosat and a defensive market in line with regional sentiment, brokers said. "The market kept its focus on Indosat. The share price appeared to stabilise," a broker said. It closed at 8,450 rupiah compared with New
      Reuter; Source: Bridge Info  -  1,089 words
    • 1920 28 MBt'C apilal 7,810,000 Pcji Msta 3.611.000 KL InduMncs 3,131,000 Prime* 2.824,000 Salem Kcs 2.658,000 Idra Hyd 50c 2.515,000 t-abcr Group Ind Oxygen W|95 2.000 Muki-ftirposc Magnum Corp 50c— 1,7.1,000 AnSlS.cc! 50c Mulpha Inll 50c 1.470,000 Insas Bhd 1,453,000 MBf apital K.L Industries Idns Hyd 50c 7.288.340 Satcras Res
      1,920 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 4317 28 Bloomberg Business News KUALA LUMPUR The benchmark stock index rose for the first time in four days as Prime Minister Mahathir Mohamad's return from abroad revived speculation he will announce a general election before year-end. "Every time the Prime Minister comes back,
        Bloomberg Business News; Source: Bridge Info  -  4,317 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7593 29 Gf Gr M Wl M, Jt i Vol Dav jfi Oiolc Div Dh Vli Nd Low C oapti) Sale (*000) Hit* Low Smytr Seller Cn P'E INWSTMAL AND COMMERCIAL 140 835 ml s Acma 1120 uoch 31 1120 1110 1110 1120 ITS 47 1 6 17.9 772 0 1124 jq*
        7,593 words
      • 1839 30  -  By R Sivanithy SINGAPORE Stock prices fell marginally yesterday as uncertainty surrounding the health of global equities continued to extract a toll on investor confidence and enthusiasm. With Malaysian stocks rising unexpectedly at the start of trading, the Straits Times Industrials Index opened
        Charts by Bridge Info; Source: Bloomberg  -  1,839 words
  • Page 19 Advertisements
    • 216 19 NEWS VALUE Morgan Stanley plans S'pore unit trusts (pg I) With liberalisation of the industry, more such fund management activity can be expected. Analysts forecast moderate third quarter growth for US economy (pg I) That would be just what the stock market needed. Berjaya Textiles ordered to cut outlays by
      216 words

  • Page 20 Advertisements
    • 561 20 businesst^M^^; TOLL-FREE TEL. No. 1-BQO-741-1883 FAX:74I-1298 find a new owner for your apartment Make a move to sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad. CATS. THE COMPANIES ACT. CAP. 5» NEW CRAFT PACKAGING PTE LTD (la Members' Voluntary Liquidation) At to
      561 words

  • Page 21 Advertisements
    • 72 21 NOW IDD RATES TO BATAM ARE JUST LIKE DUTY FREE. The Standard IDD rate to Batam is only P/ m Singapore 50.60* a minute So every time you call, Telecom you ring up savings of 38%. -gst a.-.-.s V y We didn't just i€J J Cb I EI amtßSr CAPTURE
      72 words

  • Page 22 Advertisements
    • 1169 22 We provide shelf companies and incorporation services in ALL jurisdictions, including British Virgin Islands Cook Islands Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further
      1,169 words
    • 104 22 /Kpw by jj |j Classic Architecture Freehold Title S S High Quality Fixtures Fittings enta Demand S Fully Landscaped >pi Assured Capital Growth ij |j Interior Decorated CENTENNIAL Walking Distance t0 sh ps |j Respected Developer schools 5 Areas Land -up to 7300 ft 2 PA R K Se,,in 9
      104 words

  • Page 23 Advertisements
    • 114 23 INTER-FX SERVICES PTE LTD Tokyo International Group V established since 1975 Forex is hozordous, so ploy o winning gome! Enter only when Odds ore in your fovor!!! Investors con be assured of opportunity to moke meoningful goins with minimol copitol outlay. WHAT DO YOU HAVE TO LOSE y fl| I
      114 words
    • 300 23 AN INVITATION I .TO THE SHANGHAI JIADING TRADE INVESTMENT SEMINAR Sponsored by China International Chamber of Commerce, Shanghai. Shanghai Jiading Foreign Economic Relations Trade Commission SHANGHAI JIADING DISTRICT CHINA'S PIVOTAL POINT FOR THE AUTO AND ADVANCED TECHNOLOGY INDUSTRIES. Jiading, located some 25 km away from the airport and easily accessible
      300 words


  • Page 25 Advertisements
    • 727 25 BUSINESS TIMES TOLL-FREETEL. No. 1-800-7*l-1883 FAX: 741-1388 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 FACI&FSBIVCE LAUNDRY PTE LTD (In Creditor' Voluntas Wnding Up) mmtr or Kesmimmq At an Extraorttnary General Meeting ol Dm abow Company duly convened and held al 6001 Beach Road #11-02, Golden Mile Tow; Singapore
      727 words
    • 39 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. P STRAIGHT TALK You shouldn't have to read between the lines to get the fuH picture. Companies Markets. Everyday
      39 words

  • Page 26 Advertisements
    • 98 26 The world's x I lie iWW Philips I\\P is one ot the world's most powerful miuo svstenis. Suircli I: y/ it on and vou II he confronted with ail explosive (>OO watts oHnusk power. *""V r> > "v-* x > -y/ -y/ lose\()U! e\es aiul \<>u\l insist vou were listeniiii;
      98 words

  • Page 27 Advertisements
    • 80 27 Since 1735 And there never will be nu I Singapore Till". IKXJK 01 ASS l.uiky M.i/d Tel ri*HK*\ Sculls Tel IWHWIW Ccnlrcpoinl Tel IHWMVOOi Peninsula l"ta/a Td J J7«KIWI »'>«.« World TradeCenlteTel 27)1007 I'alats Renaissance. Id *****62/541 Rallies Id *****41* ChdiMli Airport UKast bWcsl WiniM. Td WNOfiW Ttiminol (South Win«).
      80 words

  • Page 28 Advertisements
    • 63 28 <£how THE WORLD YOU MADE A KILLING IN THE STOCK MARKET Sole Aaent DICKSON WATCH JEWELLERY (S) PTE LTD CHOPARO BOUTIQUE: WISMA ATRIA 435 Orchard Road #02-36 Singapore 0923 Tel *****51 DICKSON WATCH JEWELLERY: THE PROMENADE 300 teterd Road #01-03 Singapore 0923 Tel: *****00 CENTREPOINT 176 Orchard Road #01-05/06 Singapore
      63 words
    • 4 28 Tomorrow in Business Times
      4 words

  • Page 29 Advertisements
    • 107 29 I there Sin«a4iore Till. I tot IK CI.ASS I utiy PUI/.1 TH *****2W1 Scott vTW 2W6M7f7l<» Ccntrcpnint Tel 7MI vmt«ol IVI<H<SUI<I Maza.Tel i)7««W/l IMVrfi I Wimlil Ttadt Centre Tel *****07 Palais Renaissance.TH mittVM)* KafflevM HUM I Chan* Airpotl Terminal I (Fas* GWest WiihM. W VIWOTWAI Tcimirvjl 2 |Schkl< Wtnel r
      107 words

  • Page 30 Advertisements
    • 984 30 BUSI N E S NOTICE NOTICE IS HEREBY GIVEN that, I Tan Tuck Sin of Blk 65, New Upper Changi Road #11-1136 Singapore 1646, have applied for a Beer House First Class Licence in respect of premises at M/s Qi Li Xiang Restaurant at No. 3 Telok Kurau Road Singapore
      984 words
    • 371 30 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Francis Keenan of Singapore Marriott Hotel, 320 Orchard Road, Tang Plaza, Singapore 0923, have applied for a Public House Ist Class (Extended) (Tourist) in respect of premises at The Singapore Marriott Hotel at 320 Orchard Road, Tang Plaza, Singapore 0923, and
      371 words

  • INVESTING '94
    • 434 31  -  By Paul Leo A YEAR ago, Prime Minister Goh Chok Tong urged Singaporeans to participate in the growth of the economy by having a direct stake in it. Central to this Invest Singapore programme was the Government's offer of discounted shares to citizens in the
      434 words
    • 1112 32  -  Even as Singapore's stock market becomes more sophisticated, Lim Choo Peng notes that one underlying factor remains unchanged: investor protection Lim Choo Peng The writer is president of the Stock Exchange of Singapore SINCE 1986, the Singapore stock market has seen rapid development.
      1,112 words
    • 1092 33  -  Even the most successful fund managers in the world will lose money, warns Anthony Kawlinson Anthony Rawlinson The writer is vice-president, investment unit head, Citibank Private Banking Group MANY investors, all too often, do not spend enough time and trouble in assessing
      Source: Bloomberg  -  1,092 words
    • 1270 34  -  Yen Sreenivasan discusses Singapore investors' choices especially with tunds created specifically for IPOs Ven Sreenivasan The writer is a BT reporter who frequently writes on IPOs WHY bother with initial public offerings in Singapore when there are better pickings around the region? Even
      1,270 words
    • 983 35  -  Colin Koh examines the curren preoccupation with inflation in Asian markets and its effect on regional trading patterns Colin Koh The writer is an investment strategist with Wardley Ltd OVER THE last decade, Asian bull markets have largely been underpinned by a regional secular disinflationary cycle.
      983 words
    • 1041 36  -  Investor interest in Asian infrastructure stocks is being fuelled by the private sector's increased tapping of regional capital markets for financing major projects. S N Vasuki advises caution on the part of the small investor, however, and points out possible pitfalls S N
      1,041 words
    • 6975 38 Agnes Chen asks fond managers which stock market catches their attention and what stocks to buy Business times: is hx the best deal then? For Hongkong, you only have to pay one unit of PE for 1.71 (units) of growth. So it seems to me that
      6,975 words
    • 1489 40  -  Lau Sie Ting and David K Y Ding on strategies for investing in bonds Lau Sie Ting and David K Y Ding Dr Lau and Dr Ding cure lecturers at the School of Accountancy and Business, Nanyang Technological University WHILE investmcnts in stocks may offer lucrative
      1,489 words
    • 1227 41  -  Winston Koh considers how the recovery in the OECD countries will affect the world bond market Winston Koh Dr Winston Koh is an associate, fixed income research, at J P Morgan ECONOMIC recovery in the Organisation for Economic Cooperation and Development (OECD) countries gathered pace in
      1,227 words
    • 1734 42  -  Gan Tjoen Hok looks at the prospects for gold next year and describes the evolution of the stateless currency's value Gan Tjoen Hok The writer is senior vice-president and deputy general manager of Republic National Bank of New York THE average price of
      Source: Bloomberg  -  1,734 words
    • 736 43  -  Singapore investors seeking commodity action need not lose sleep to trade coffee in New York or sugar in London. Michael Coleman has a better choice Michael Coleman The writer is managing director of Car gill International Trading Thanks to the spectacular rises in coffee prices, gold looking
      Photo by Arthur Lee  -  736 words
    • 195 43 NATURAL rubber is consumed principally with the car industry and in particular the tyre industry. After a period of slow to negative growth in the early 1990's demand has recovered sharply and looks set to grow strongly for the next two to three years. Rapid
      Source: Carg  -  195 words
    • 127 43 INVESTORS can trade rubber on the Singapore Commodity Exchange (Sicom). Rubber futures trading is covered by the Commodity Futures Act and is regulated by the Trade Development Board. Sicom maintains a vigorous system of margining and well capitalised clearing house to guarantee contract performance. Member
      127 words
    • 2008 45  -  Ne Lim Pak Lai charts the greenback while Andy Tan discusses the fundamentals of three Asean currencies Ng Lim Pak Lai, Andy Tan The writers are respectively the senior technical analyst and economist of MMS International. The views expressed are based on information as at
      Source: Bloomberg, Knight Ridder  -  2,008 words
    • 1085 46 A gaze into the crystal ball to how the most traded futures contracts in Singapore will fare THE Singapore International Monetary Exchange (Simex) has, in the past two years, enjoyed a healthy growth rate in the trading activity of its major products.
      Source: Bloomberg  -  1,085 words
    • 446 49  -  Stella Chua tells how to go about deciding whether unit trusts are the right investment for you Stella Chua The writer is assistant director of Schroders Investment Management (Singapore) Ltd. FOR the long-term investor, unit trusts can be an excellent investment because of the
      446 words
    • 909 50 Unit trusts take the hassle out of investing. But choosing a unit trust can be equally confusing. This article shows you how THE Singapore investor looking for better returns than those otTered by conventional savings and fixed deposit accounts has long been familiar with
      909 words
    • 1020 50  -  R Sivanithy on how investors can profit from stock purchases simply by getting the timing right R Sivanithy The writer is a BT reporter MOST people think of investing in the stock market as picking the right
      1,020 words
    • 1060 52  -  Chan Hiap Kong and David Ng look at what the next 12 months hold in store for investors of residential and commercial properties Chan Hiap Kong and David Ng Mr Chan is director of residential project marketing and Mr Ng is associate director (commercial) at Colliers
      1,060 words
    • 867 54  -  Golf memberships are no longer the moneyspinners they used to be two years ago. Shahiron Sahari reports Shahiron Sahari IT WAS NOT very long ago that golf membership were seen as a gold mine. Prices hit at an unprecedented high and were still rising.
      867 words
    • 542 54 THE ultimate deal, if you are an inveterate golf addict, is to live in a house sitting right on the fringe of a golf course. Of course, there is always the danger of a wayward golfer sending a sliced or hooked shot crashing through
      542 words
    • 876 56  -  Susan Tsang on art as investment and on the roles of auction houses and dealers Susan Tsang Art has always held a fascination for us. with overtones of culture and sophistication. How much more fascinating it becomes then, when we hear stories about mind-boggling sums paid for
      876 words
    • 805 57 ART can be traded via auction, in galleries, through private dealers, and straight from vendor to buyer. Generally, though, collectors go to either auction houses or dealers (who may or may not have galleries). Both dealers and auction houses say that they complement each other, while they
      805 words
    • 554 57 Go and see the piece first hand if there is an exhibition. •You must register for a paddle before you can bid. To register, give your name, address, passport number, phone or fax number. The auction house may require a bank reference. If you
      554 words
    • 1036 58 From wealth preservation to wealth creation, private banking has come a long way. This article emphasises the relevance of private banking and tne products of the future IT IS SAID that birds of the same feather flock together. Never is this more apparent than
      Photo by Arthur Lee  -  1,036 words
    • 513 58  -  Banks need to be more imaginative and more attuned to the needs of the emerging rich, argues Kevin Wilkinson Kevin Wilkinson The writer is the managing director of Hill Samuel Bank PRIVATE banking is moving on, marshalling financial services in new and innovative ways to
      513 words
    • 1120 60  -  Who says you have to toil to be rich? A self-made millionaire tells Quak Hiang Whai what a breeze it is to become rich in Singapore Quak Hiang Whai ihe writer is a BT reporter JACKSON TAN has been voted one of Singapore's 10 most
      1,120 words
    • 1511 62  -  A J Pathmarajah gives some useful tips on how to maintain your lifestyle at retirement A J Pathmarajah The writer is managing director of Great Eastern Life SINGAPORE'S population is ageing rapidly. Statistics show that there are now six working adults supporting one elderly person. By
      Photo by Arthur Lee  -  1,511 words
    • 1242 63  -  Soh Tiang Keng finds out more about the various edueation policies Soh Tiang Keng the writer is a H i reporter CHILD education insurance policies are selling like hot cakes. Some life insurance companies estimate that the number of such policies taken out have tripled over
      1,242 words
    • 694 63  -  Tan Suee Chieh gives some advice on how you can make the best of your CPF savings through insurance products using the Enhanced Investment Scheme Tan Suee Chieh The writer is chief executive officer of Prudential Assurance Company Singapore Singaporeans arc ardent savers.
      694 words
    • 1476 65  -  From the COE speculator to the most passive investor, the net catches all of us eventually, writes Peter Tan Peter Tan The writer is principal of an international accounting firm If it breathes, tax it!" seems to be the guiding principle
      DollarS and NonSenSe  -  1,476 words
    • 1111 66  -  Paul Leo checks out the selection of paging services offering share information Paul Leo The writer is a BT correspondent THE NEXT time your pager beeps, it could be a money-making opportunity. No, there is no salesman at the other end
      1,111 words
  • Page 31 Advertisements
    • 120 31 V •ft Ti I .1 tke Malayan Guttas Hillview Avenue 1 he right property at the i TI L L II site (or $55 million. right price. 1 hat sums up the challenge we (ace at R.ckarJ Ellis everyday Qf Commission site for tke record price m illi on. A
      120 words
    • 222 31 CONTENTS Equities: SES policies with the investor in mind; risk management; IPO stags find their money outside Singapore; the lure of regional play; the trouble with infrastructural stocks, Pg 2-7 Markets and stocks: tips on where to put your money from those in the know, Pg 8-9 Bonds: A profitable
      222 words

  • Page 32 Advertisements
    • 168 32 !HILL SAMUEL PKIVATB lANKIII How to give your overseas mortgage the Professional edge Whilst buying a property abroad can be frustrating, financing that purchase need not be. At HILL SAMUEL, we have designed a flexible loan facility which is specially geared towards the sophisticated requirements of local residents purchasing or
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    • 127 32 Pn&ltfuiM, I FIRST EVER RELEASE BY CENTRAL EQUITY I I I CHOICE OF 2.3 OR 4 BEDROOMS: INVESTORS NOTE: I I FIRST RELEASE OF BRAND J Z^T S unHl I I NEW APARTMENTS IN ONE OF ♦No progress payments I I MCI RAI IDKIE'C RCCT ADEAC Hu ff e ca
      127 words

  • Page 33 Advertisements
    • 60 33 *L iHrtt" *BIP E *-.A. >%iM W^ na^^ui huIHM i ■in !3^H lIS^B A recent independent survey by Hewitt 6 Associates showed that more other car. If you'd like to seewhy Volvo is the top choice of the top people Ssss S M Motors CEOs prefer Volvo to Mercedes. BMW
      60 words

  • Page 34 Advertisements
    • 194 34 -1 I I I •1 i i V B lipF %^pW■^^^^^Bi^H■^^^^^Hß■?m*^ i^^fl|^^H|£s|gjjtffljj^Hßßl^^^^^^^^HH^P^9s«Ej^V'1 i fMr£o9t II Knv B^^^l am a y B A mm {HH V B A B B B 1 ip-< II B <jfl V B B I fi» •?</''-' r ■Mr |i 1 IJ I I 111 1
      194 words

  • Page 35 Advertisements
    • 221 35 THE BEST MOVE INTO FOREIGN CURRENCY FIXED DEPOSITS BEGINS WITH DBS BANK. 1 3WBHl^bwmi -lb! mj Jm% ,4 It I 1 J iv»' Im i P^J If you've always imagined that S$ or short term loans in foreign the agreed forward rates. Foreign Currency Fixed Deposits were currencies while your
      221 words

  • Page 36 Advertisements
    • 190 36 WOULD YOU LIKE TO KMOW HOW THE LECACY BECAME THE BEST SELLIHC PROTECTION 2-LITRE CAR IN TOKYO? Naturally such a powerful and fast The boxer engine is one reason of car needs to offer maximum safety. course. It offer, greater power and (HOMPAr TOYOTA r MITSUBISHI A MAZDA CERTAINLY WOULD.)
      190 words

  • Page 37 Advertisements
    • 389 37 usiness i imes, inursua) 7 OFF THEY NEEDED TO KNOW THE ()AN D RECOGNISE THE TODAY, ALL YOU NEED IS i 1 j-x f 1 WW I J*> LfiEr•X TCK S —Tv THE MORGAN GRENFELL J^xmicrTrnst. |J efore they journeyed to Asia, these great Euromoney), we are proud to offer
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  • Page 38 Advertisements
    • 71 38 Smite c City. The Business Capital of Asia. Suntec City lower is now available for lease. Call Sun tec City: 295 2888, Jones Lang Wootton: 220 3888 or Knight Frank: 222 1333. bHhBH The 18-slorey ,owe/is pan of the bigges, commercial developmen, in Singapore. I, offer, the large., modem office
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  • Page 39 Advertisements
    • 51 39 3ital F —ijmiii 1 wU-^- x-n 1 "^R' mi i iri 111 i '1_~"-V.~T~." ~TT .■.£****> Jmi yffo jj 1m 1 I n.iT»r ti_v I |H| i ■rtr.w-.'t'M'*-'* >J> IK3vW*l EllKti-4-A I^bs:j::s^»^v" -1 1333. access to 3.200 covered parking IW-B CTTl~"T~nii«iili| n^in ComM a 0 o- wo o W m
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  • Page 40 Advertisements
    • 281 40 The Great CPF Investment Plans pSE* m 4 Solid, Safe and Secure. Is%. >; r- For your CPF invostmont r (hoose Groat Eastorn Life, tho company that always providos a wido range of investment plans to suit your individual needs. Congratulations. You're now able to invest your CPF funds premium
      281 words

  • Page 41 Advertisements
    • 186 41 First we gave you more space. -v p >**"; x^K fm V Now we're giving you more spaces. N?»* !^»W S»W Vfc- V*. SflV Vf^ IL-, tL. t^. IE^P Announcing our new 747-400 service with 30% increase in World Business Class from Oct. 30. Our World Business Class has may
      186 words

  • Page 42 Advertisements
    • 188 42 Commodity Exchange Commodity trading in Singapore goes back some 200 years. Traders have been here since the early days, buying commodities like rubber, I spices, timber, coffee and palm oil from this region. While they continue to do so today, their business has grown in scope and I r sophistication.
      188 words

  • Page 43 Advertisements
    • 304 43 ;v- yt r H 1 MOW YOU Cflftl MANAGE I Ynilß IMVESTMEHT PORTFOLIO I ANYWHERE. ANYTIME. I\ If you're involved in the stock market, here's an inside tip. And. there's the day's top 100 gainers and losers (by and Get connected to News Page Connect, a service which gives plus
      304 words

  • Page 44 Advertisements
    • 179 44 1 v THE TECHNICAL PERFECTION OF PIACET Km the first time in IJO xears Piaget is presenting a watch with an exceptionally thin i 2 J mm hand-wound mechanical movement and I <iS-hour power reserve, issued in a limited and >" f numbered series Crafted in I .sk gold the
      179 words

  • Page 45 Advertisements
    • 221 45 r- j The Key to Wealth Protection. On* key lo wealth protection is the reduction of downside risk. Rising US interest rates abruptly ended investor hopes for a repeat performance of last year's financial markets. Fear of inflation and anticipation of more rate hikes sent most equity and bond markets
      221 words
    • 272 45 Cash In Just 3 EASY STEPS With Express Share Loan! by any Hong Leong Finance or Singapore Finance branch with your share allocation slips and contract notes. Receive cash over the counter up to 70%* of the current market value or cap price (wMdwver is lower). Use the money to
      272 words

  • Page 46 Advertisements
    • 146 46 Centura Aero Series Contura 4/25 Series Contura 400 Series LTE Elite Series Because from the smallest and lightest sub-notebook to the most powerful expandable notebook, Compaq gives me one of the widest ranges to choose from. EVERY COMPAQ HAS SOMEONE'S NAME ON IT. COMPAQ. Asian Computer Services Pte Ltd. Tel:
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    • 90 49 wmgm H ,1,! II |p|M wm* A #1 L /I W Ik ■itoi Wf a 1 1 MNMMPVH■■■pnv r Bringing people and oppßjrinSvß M 7116 business opportunities. Asia Pacific. on 'y e ste P' us take you jltt the necessary w Overseas Union Bank Limited Singapore, Malaysia, Brunei, Bangkok, Jakarta,
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  • Page 50 Advertisements
    • 115 50 In this world, some are more equal than others. Not unlike the world of banking. In a highly volatile financial environment, where change is the order of the day, Union Bancaire Priv£e offers its clients a unique approach to international asset management. Blending Swiss tradition and innovation, Union Bancaire Priv£e
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    • 109 50 ■wmm Seminar Organiser, The Least We Can Do Is Help Reduce The Stress." Co-ordinating a seminar, conference or meeting can spring the most unexpected surprises. But with the experience we have and the attention we give to details, these will be handled with ease. We have meeting rooms to accommodate
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  • Page 51 Advertisements
    • 165 51 fl«QHl^^l «'^^PBf *5 J®^.# rSßim All bf t JL- l/ KL^|H^^9m||Ußp]g^nwißN rUH^^^k^v t <- M&-' Mf JKF* Stainless steel/18K gold, quartz movement, sapphire crystal, screw back case and screw-down crown, water-resistant to 30 meters. Jjjj^^K* w,s IgL #j fMbM VWX/z 7 y^nf m^B JIL 8f Baume Mercier GENEVE Baume Mercier
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  • Page 52 Advertisements
    • 65 52 A newly retrofitted flatted factory One owner management H^^tJrfFretcapitai Conveniently located along New Industrial Road *Up to approximately 18,964 sf per floor 24 Raffles Place #21-05 and Lim Teck 800 Road Total lettable area is approximately 75,699 sf s r eoiM Easy access to Jurong, Airport, City and Seaport Expected
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  • Page 53 Advertisements
    • 430 53 I Every evening do you return I I happily tired from work, y9 I Jpjp|| j y°u r children growing up; I your career blossoming; I everything and secure? I It's enough to make anyone forget jKt* I®, H EM; Hill I I things can go wrong, isn't was the
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  • Page 54 Advertisements
    • 254 54 high-speed modem modem to access many electronic databases for information. And dramatically increase the speed of PC communications. I e That's why at Teleview, we're offering a high-speed I I OOUIIO 14,400 bps modem for only $99 again when you subscribe to for two years. 1 With it, you can
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  • Page 55 Advertisements
    • 302 55 The Regional China Fund. Because there's one word on the minds of over one billion people. That word, of course, is wealth. But it's not unique today and available through Citibank. to the people of China. In fact, anyone with as little as Your funds will be invested in companies
      302 words

  • Page 56 Advertisements
    • 72 56 PkH®^vS4BwP fe'V OF OIIK 10 PROFILES. FOB YOUR OWN v* intelligent intelligence, from the international bank group. > Which eighteen Open Coastal Cities of China compete for foreign •"*'investment? What's the average house rental in Jakarta? What's 9 k the average monthly wage for skilled workers in Korea? With oxer
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  • Page 57 Advertisements
    • 414 57 kiF New Zealand's glorious gateway to |H y |\J y\ P K a development of the highest calibre 1 I II I I Could be retail, high-rise offices, theatres, H JJL JL JL E JJL cafes, restaurants, hotel or apartments. I 1 Site 5155m 2 (55,488 ft 1 H Iji
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  • Page 58 Advertisements
    • 196 58 JgKP* Espace Versatility For the true luxury of space, the Ron3.lllt Esp3.CC has no match. The only 7 'Se3ter multi-purpose sedan offering such unique combination of versatility and Comfort. CviiiSC CL silky course in its advanced aerodynamic body. Swivel the front seat to the rear and turn the car into
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  • Page 59 Advertisements
    • 387 59 Our master watchmakers have always been A LITTLE AHEAD OF THEIR TIME. i The company's total commitment to this philosophy has enabled our master watchmakers to create some J c*' —lil of greatest mechanical watches ever made. It's more than a craft. It's a passion. They use skills and 1
      387 words

  • Page 60 Advertisements
    • 508 60 i MACQUARIE UNIVERSITY jlll EXECUTIVE MBA CCCT X MASTER OF APPLIED FINANCE Mil nF i 11«11 4Fiin(illHa a g c c t 111 l ofWiki, Bangor January 1995 Intake 111 l January 1995 Intake 111 l uses distance learning to allow you to study part-time with minimum An internationally recognised
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  • Page 61 Advertisements
    • 212 61 I HOW TO KEEP I YOUR CPF NEST I EGG FROM I BEING POACHED,! H I SCRAMBLED k 1H '9 -m m H H il j 'T* ji I^l OR FRIED I A lot of people are investing their CPF Which explains why a substantial number of Singapore's most attractive
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  • Page 62 Advertisements
    • 215 62 Buying almost any car in Singapore brakes, steel body cage and reinforced side An assumption that was recently supported these days is a shrewd investment. But what impact protection. A lesson if ever there was when the Saab 900 was voted 1994 Import LOOWIf* makes buying a Saab 900 a
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  • Page 63 Advertisements
    • 167 63 New Zealand... much more than meets the eye Strong economic performance, sound policy and a growth in business activity have made New Zealand a prime candidate for international investment. To capitalise on the opportunities, you will need an informed and experienced partner on the spot. Buttle Wilson is a leading
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    • 125 63 Invest in the world's top currencies. At highly competitive rates. ECU 4.85% c f. f DM St ffe 4.15% ip-^T With as little as $20,000, you can invest in the world's leading currencies. For the latest interest rates, please call 534 2186/7 or 535 8135/7. And for a personal update
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  • Page 64 Advertisements
    • 450 64 Presenting Previa. It's Everything You've A lways Wanted. And More. I There are some designs that once introduced, its midship under floor engine, it's the only to allow the cabin to be cooled quickly and I are destined to forever change the way every- one with a floor layout without
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  • Page 65 Advertisements
    • 130 65 The Perfect Business Case. No Malta' What Position "Vbu'ieln. 3'Quantum Focus* No matter this Quantum feature what position distinctive lawyer, models: musician,CEOClassic, Samsonite* Quantum* Milano. Just the are remarkably versatile. That's edge you need to because only Samsonite features work smart around the office, around an exclusive Smart Hinge,* which
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    • 141 65 Be Smart That's you Check what we have to offer before l you make your decision. Especially if you're I I 1 considering an Endowment Plan under the XjL Enhanced 1 Investment Boomor .M Scheme Stocks ft Stmm-f :4 I High Risk, High Return j The Asia Life CPF Enhanced
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  • Page 66 Advertisements
    • 142 66 jC)t course, experts. Experts who have not only -ofcthe but also the vast resources required a telling the difference hetwefcn what will mar^ an d what will he the right all the expert you'll ever tglßß we pride ourselves I W~Z 7 m- > i I sproperty agents. W H
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  • Shipping Times
    • 362 67  -  By Alec Almazan SINGAPORE Shipping major Maersk Line is setting up a regional headquarters in Singapore as part of a major reorganisation of its global operations. The Copenhagen-based line is decentralising its operations by establishing regional headquarters for the US and South America,
      362 words
    • Article, Illustration
      51 67 Reuter KUWAIT CITY Kuwaiti military boarding on Monday the Al-Mahrousa oil tanker which was seized in international waters b\ members of the US Navy on suspicion of carrying oil from Iraq. The export of Iraqi oil has been under I N embargo since the 1990 invasion of Kuwait.
      Reuter  -  51 words
    • 426 67 Knight-Ridder NEW YORK The clean and dirty markets in the Caribbean are getting a "shot in the arm" as demand for tonnage increases, brokers said on Tuesday. In the clean sector, several charterers booked Hess' integrated tug barges for trips to lift petrol
      Knight-Ridder  -  426 words
    • 762 67 Page Col Accord Group 8 1-3 Ahlers Lines 13 5 Ahrenkiel Liner 4 1/2 •APL 5 4/5 •Appenship 4 4/5 •ANL 3 1/2 •ASCL 5 5 Astro Shpg 12 1 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line, The 9
      762 words
    • 176 67 Knight-Ridder NEW YORK Trading on the freight market here on Tuesday was very quiet, with details of concluded business slow to emerge. Some brokers think the market is beginning to lose steam and although they expect rates to remain very firm for first-half November tonnage,
      Knight-Ridder  -  176 words
    • 198 67 AFP WASHINGTON The US on Tuesday offered technical assistance to Russian authorities in cleaning up a large oil spill in river basins in Arctic areas of Russia, a US official said. Deputy Energy Secretary William White said Washington was prepared to
      AFP  -  198 words
    • 463 67 Lloyd's List WASHINGTON New concerns have been raised at the US Congress following the withdrawal within one week of three tanker operators from US trading. Capitol Hill forces say they will push forward with demands to delay implementation of
      Lloyd's List  -  463 words
    • 611 67 BANGKOK The Thai International Freight Forwarders Association (TIFFA) will introduce a one-year course on freight forwarding for top executives in the business, according to a report in The Nation newspaper. The course will be run with the help of Thammasart University and
      611 words
    • 1908 68 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,871 on Tuesday from 1,866 on Oct 24. Trading has been sluggish but there is still "steam" left in the mar- ket with rates still firm for most sizes, brokers said. Reports circulated earlier here 'that
      1,908 words
    • 14248 76 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      14,248 words
    • 3023 81 x \.B( Containerline NV: Belsin Shpg Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Wrord Group: Accord Shpg Pte Ltd (§V Accord Contr Line (PK/PN). \dkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Afcrenkiel Liner Service: Kim Shpg Frdg(S). AJbatrus Sen-Air Service: Frata Shpg Pte «d(S). ■I
      3,023 words
    • 277 81 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air txpKM lra»el Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716, *****80 Airswif) 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 A Services
      277 words
    • 1508 81 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05 Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454 Fax: *****06. Air Express International Td: 542-7666. Fax: *****74. *****50. Air
      1,508 words
    • 2381 82 ALBANIA Dunes: Three vessels in port discharging of which 2 diesel oil, 1 bagged potatoes, vessels waiting in roads awaiting berth: 2 diesel oil, 1 bagged cement. ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San Lorenzo: Six vessels berthed of which
      2,381 words
    • 838 82 THE continued firm tone in the dry bulk market has resulted in i further significant sales, notably for panamax and capesize tonnage. The panamax bulker Santa Margarita 68,00 dwt and built 1989 is reported sold at about c US$2l.4 million to as yet undisclosed buyers, this is well
      838 words
    • 450 82 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Nmm of Vessel ETA LTD Ports of Calls Port Agent Telephone No OCTOBER 27 27 Delfin Star 0730 2100 Cruise to Nowhere Harpers Shipping 221-1388 28 28 Delfin Star 1000 2100 Cruise to Nowhere Harpers Shipping 221-1388 28 28 Renaissance 2 1000 1930
      450 words
    • 398 82 COURSES Title: Certificate in Logistics Management Duration: Nov 23 Dec 23 Organiser Singapore Institute of Materials Management Tet For further details contact SIMM at 295-4427 or fax: 298-4012. Title: Certificate in Negotiation Skills Techniques Duration: Nov 23 Jan 3 Organiser Singapore Institute of Materials Management Tel: For further
      398 words
    • SHIPS IN PORT
      • 553 83 Vnsd toy Ho B«tt> Onwal Dgrtw in*I W» B«rth Vmi< D«p»t>*e Jurong Port Batam Sf»«d3 A2594* POU 2710/1200 2710/1300 Batam Muim 10/06/94 12 **<sde 27 10/231S Batam SpewJJ ****** POU 2710/0700 2IK22 M Lestati 067 120/21 ate*s*je 27 10/2100 Batam Spe«M ****** P01* 2610/2100 ft Tanker 110
        553 words
      • 1271 83 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookini/Babnct Rslts Sfcp Voy No Etb/Btr Period From To From v. 2096 28/1700 2A 26/1700 27/0659 27/0900 ta 27/1200 27/1459 27/1700 k, Uh 0556 28/2359 1A 26/1500 26/1659 26/1900 3 27/0700
        1,271 words
      • 516 83 Carton Cebw Od 20 Dmlty Niter MOm Wi AfcmWan P—*T *at« Rf»He *sf Aurwrnn teknmt M M M/M Enon tXMM kg/m*3 >wi«mxum tm mm ■>" *w 1 Eastern USA 180 Aw 984 0.2 13.1 009 15 0.02 BO/Ctnc IMs Spec E25 991 1.0 15.0 0.10 30*
        516 words
      • 904 83 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
        904 words
    • 2088 84  -  When ships sink and oil is spilled, emotions run high. Is compulsory traffic control an appropriate response to public clamour for better vessel safety? Lee Adamson asks what shipping can learn from the world of aviation Lee Adamson Occan Voice WHEN THE Exxon Valdez
      Occan Voice  -  2,088 words
    • 674 85  -  Officials have found that Frankfurt Airport's Terminal 2, opened only on Monday, is just not up to par, reports Brandon Mitchener Brandon Mitchener IHT NO SOONER had the first travellers passed the gates at Frankfurt Airport's new, 1.6 billion Deutschemark (SSI.S billion)
      IHT  -  674 words
    • AIR AND LAND TRANSPORT NEWS
      • 375 86  -  FedEx Logistics Services plans to tap booming demand in Asia-Pacific By Rahita Elias SINGAPORE FedEx Logistics Services (FLS), a division of Federal Express Corp, has formed alliances with local firms in Singapore, China and Japan to tap booming demand for
        375 words
      • 528 86 Robert Ferguson's departure seen as ominous for the carrier AP HOUSTON Robert R Ferguson 111, who led Continental Airlines through its second bankruptcy reorganisation, quit unexpectedly yesterday as chief executive officer and vicechairman. The surprise resignation of Mr Ferguson, a respected airline management veteran, came the
        AP  -  528 words
      • 254 86  -  By Alec Almazan SINGAPORE Airline reservation network Abacus Distribution System is setting up a USSI.S-million (552.2 million) joint-venture with Indian firm Tata Consultancy Services. Under an agreement signed here yesterday, they will establish Abacus Distribution Systems Bombay, to market the Abacus
        254 words
      • 170 86 Reuter TOULOUSE, France Potential world demand for a successor to the Concorde supersonic passenger jet could run to between 500 and 1,000 planes, Louis Gallois, chairman of French plane maker Aerospatiale, said on Tuesday. Mr Gallois said at an aerospace conference that with a
        Reuter  -  170 words
      • LOG BOOK
        • 86 86 Reuter WASHINGTON US federal air safety officials said on Tuesday they were looking into the possibility that contaminated hydraulic rudder fluid may have contributed to the fatal crash of a USAir Boeing 737 near Pittsburgh last month. A National Transportation Safety Board spokesman
          Reuter  -  86 words
        • 93 86 Knight-Ridder HONGKONG The Tianjin Automobile Industry Corporation plans to invest 2.2 billion yuan to raise annual sedan car production capacity to 150,000 by the end of 1995, the overseas edition of the official People's Daily reported on Tuesday. The north-east-ern port city of Tianjin
          Knight-Ridder  -  93 words
        • 40 86 AFP DUBAI The United Arab Emirates (UAE) and Kuwait on Tuesday announced they were restarting air links with India, almost a month after flights were suspended following an outbreak of plague there. AFP
          AFP  -  40 words
        • 96 86 Reuter MEXICO CITY Volkswagen's Mexico unit will begin making a new model called the Derby at its plant in the city of Puebla. Volkswagen de Mexico chairman Juan Manuel Rodriguez Jado said on Tuesday production would begin in January with the goal of
          Reuter  -  96 words
      • 1321 86 atjr Fid< ETA n» no_ Abu MmM SQ441 1505 GF147 1850 GA975 1520 GA883 1545 MalaMa Qfil 1930 Qfli 2050 SQ228 1955 SQ228 2035 Amsterdam KL843 0605 SQ26 2355 SQ25 0630 GA975 1520 KL837 1550 AttMM SQ347 0640 Auckland SQ286 2040 BAM 1350 SQ288 2045 B
        1,321 words
      • 402 86 Los Angeles Times NEW YORK A scam that cost US airlines millions in ticket sales was broken up on Tuesday with the arrests of 16 travel agents. Law-enforcement authorities said the 16 agents, plus another 15 who are being sought for
        Los Angeles Times  -  402 words
  • Page 67 Advertisements
    • 22 67 2 New Services to Far East RTA Arriving Wed to Pusan Incheon lAX Arriving Fri to Tokyo, Osaka Yokohama I Hotline *****30
      22 words
    • 26 67 Line* and services represented by Members ol the Registry of Accredited Shipping Agents, Singapore National VXjgfJ Shipping Association For advertise enquiries contact Snipping Times: Tel 740-2069/740-2090
      26 words
    • 60 67 the jg FAMOUS iumoM ■EBOM9 224 1833 For more information plea»e refer to Pg. 13 Compulsory traffic control for better vessel safety, Page 18 Red faces over Frankfurt Airport's newly opened terminal, Page 19 FedEx unit partners firms in S'pore, China, Japan, Back Page PLAY SMART Be part of the
      60 words

  • Page 68 Advertisements
    • 485 68 KMP&WFmmmm U.II M.lt WJI aia ii.it an i4.il atn 17 H 21.11 21.11 an am nj» aw an 1 I I I j Mf/f l mn, m,* mmm mi mii mi a.u ma ma ma atn ma »ia aia nil aia n.ia aia an atn am am mi aiii 1111
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  • Page 69 Advertisements
    • 1855 69 />/%/*! /ft\ DTP ITn JAPDINF SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SDH. BHO. OK. P|»U~a m: 03.rc.777e «J 03£«3« CFS 03-*****42 CR NUMBER **********0 C PENANG TEL *****4 FAX we MtM M DOCUMENTATION TEL: *****55 (INWARDV32OO39O (OUTWARD) IPOM TEL. "2703/4 FAX CUSTOMER SERVICE TfL: KXTEHRU mi 02-07-*****70 FAX: 02-07-*****99 Dedicated to
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    • 1640 69 ■HBBSBaasa EAST MEDITERRANEAN MARSAXLOKK/PIRAEUS/IZMIR/ISTANBUL OSAKA BAY V.4534 ETA SIN 31ST OCTOBER 1904 V—* Voy ETA ETO DESTINATIONS Nam »Mi> majestic maersk v »4io 01/*****0 has M MM CFS 31/10 2350 MRS OAK LGB SFO MEM ATL MIA CHS BAL PHL NVC TOR MAJESTIC MAERSK 9410 101/11 102/11 19/11 21/11 20/11
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  • Page 70 Advertisements
    • 1202 70 I ROAM ll SOOTH- PORT n VOY NO HAMBURG ANTWERP HAVRE AMPTON WEIANG SPORE HKQ KAO _TVO_ _SMI KOB JTto 6/io a/10 i/'io 28/10 1/11 3/11 10/11 lilL _sili ORESOEN EXPRESS 8/10 10/10 »2/'Q >"<> _*1L- -lilf -^777 FRANKFURT EXPRESS 76/241 13/"> 15/10 fili !2ilL JZlii. LUOWIOSHAFEN EXPRESS 16/441 15/10
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    • 530 70 I S pore P.Kelang loading forV KAPITAN SOROKA 30/10 4/U Rdm/Atw/UK/Nantes I ■Loads E./W. Malaysia. Indonesia I Loading for W SINGA SUN Jeddah/Dubai/Bahrain/Danriman I PAN CRYSTAL Dubai/Bahraln/Dammari/Kuwait H •Loads Singapore. E./W. Malaysia. Indonesia II I Loading for i STAR MAN Los Angeies/New Orleans/ I Charleston/NorTolk/Camden PAN QUEEN Los Angeles/New Orleans/
      530 words
    • 1079 70 NORASIA I ANT PEL LHA j NO*ASIA Ai. MUNTA2AM 0442-3 28/10 20/11 »/U 20/11 20/11 25/11 20/11 W/ll »/l» I SI VM.UI 443*0 07/11 27/11 30/11 01/12 30/11 01/12 01/12 02/12 02/12 03/IZ I NOBASIA MAIIA 9444-3 00/11 20/11 02/12 03/12 03/12 04/12 05/12 00/12 00/12 08/12 I NOP ASIA
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  • Page 71 Advertisements
    • 1029 71 Jtnßl STRAITS SHIPPING PTE LTD K: "W 10 Hoe Chiang Road #11-01 Koppel Towers ■1 Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE (A service op china navigation co) kKRUH *1* KK. Skan. 1m CtKBO 21 Oct FCL, LCI CO«T AIMER AMO WEAKBULK »EWV>C£ TO PAPUA NEW OUWEA
      1,029 words
    • 1517 71 —q Singapore Agent: UXvi 1 P&O Containers (Singapore Agencies) Pte Ltd JL 1 M 0 10 Hoe C hiang Road. #07-01 Kcppel Towers. Singapore 0208 First Class Connections WORLDWIDE PNOCSP F 225 5327,222 7517 NOTICE OF RELOCATION OF OUR SALES DEPARTMENT WEF 31 OCTOBER 1994 P&O Containers (Singapore Agencies) Pte
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  • Page 72 Advertisements
    • 576 72 —p~ EKA JAYA AGENCIES \aLf TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE I HOCM.—trffY I PAOM I I tSJIYHoir 31XX24 727M2t/M4Ht4 KtLVIM CHAM aiUMM MM722/MC22H 1 MANQj MM7H I WMJJAM wti i ?mw* 1 >f6 VletnAM/hCMC K contain**-#!!^ .IVHMjMG9 (^hwei.KJW' l CENTER-POINT m t— Iran I WW
      576 words
    • 1174 72 HANJIN SHIPPING I j BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 I SALES TEL:- *****30-233 OOCUMENT TEL: *****71-275 I FI» Wl Ml M hau rM pqi FO* Wl SM |IM HMA SM IK BTC I HANJM SCATTLE 035t 28/10 mitCT 17/11 11/11 U/ll "BMI I TiI i/1? 9/12 11/12 I HMM
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    • 72 72 uflrruK t traoms co. pte lto ST *****13rtLJnw) Fax: ***** M Tlx: US 2W51 VIETNAM, BANGKOK, INDONESIA CO *J* 6 /JT!^J! AL BE VICEB Eft** "/II ™U VII v»j »g»» ™?2 m ittl ii/n KISS SAM MAN 13/11 (W CiHihn wl) rn»vrNT,QNAi T CMMA MVft NAGA B/2 \22 11/11 MO
      72 words
    • 1346 72 f M J 1 k M 1 ft|irffiFliPß StHM•ppiifi ■13Milii211SH1K1 JißiMili#H3♦• hi u» l*£ MC RIG PUS Ml OS* NCT SMI TYO LAX CMS ML RTC UM MM MM TU M WD CM PH Sfif H I ttffltV tl ttl 31/11 1/11 1/11 1/11 11/11 14/11 IVII 14/11 17/11 11/U
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  • Page 73 Advertisements
    • 1847 73 11 'RHEIN BRIDGE 37W ETA SGP 29/10/94 II SS II ETA RDM 14/11/94, FLX 15/11/94 II 11 BRE 17/11/94, LEH 19/11/94 HI v» w kr,| i ff, I I st, Z' r; p. pp pCALIFORNIA SATURN 99 Q2n2 3Q/11 01/12 01/12 30/11 01/12 30/11 01/12 02/12 0"12 03/12 06/12 *****
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    • 940 73 A MULTILINE SHIPPING PTE LTD W (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
      940 words

  • Page 74 Advertisements
    • 1044 74 TI AS AGENTS "K" LIME (SINGAPORE) PTE LTD (O NO: **********0M/GST REG MO: M 2 *****95-6) 44 f f Ab aocimio. 22 18 9 7 7 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 V W m/T MALAYSIA K" LINE MARITIME (MALAYSIA) SON INO mm. MALMT3 SA *****00 p K *****75 PEN *****20
      1,044 words
    • 1145 74 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********6N STRAITS SHUTTLE SERVICE PORT KLANG/BELAWAN PENANG/PASIR GUDANG VESSEL VOY SW Ml BLW VESSEL VOY StH j PEN I PQJ «M£ LIA l 94C1MK 28 10 <FRI> 30 10 I SUN i MCC COWVEYW 4P43 28 10 (FRI) 30/10
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  • Page 75 Advertisements
    • 775 75 PACIFIC INTERNATIONAL LINES (PTE) LTD] 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I BSSB»S CR NO *****6 *****E j K VESSEL VOV SIN CMS JIB MOO JED AOJ PZU MSW ASA ADE :|i ■5 KOTA WUAYA WJA47S 20/10 2/11 0/11 10/11 12/11 15/11 30/11 2/« I K KOTA BERLIAN
      775 words
    • 992 75 VtSSELS VOY ""sU"™"""" 11 HAVRE HAAABURG THAKS ROIURPAAA AHTWERP WILE 01 ttGA GOSW 2i/10 H/ll 20/11 22/11 n n VM.IE DC VELA VOSW 04/11 24/11 27/11 2»/" 02/12 VHIE OC TIT WW IO6W 01/11 30/11 01/1? 03/1? o*/** 0«/12___ VULE 0( TUCANA UO6W _IVII~ 07/12 00/12 10/1? •AISO ACCEPTMG CARGO
      992 words
    • 623 75 BSAt MYANMA IU&L five star line (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIj Pen PGdj PAGAN V2I4W 30/02 No. *HPAAN V 206 27/28 Oct HPA-AN V2O6W 10/12 Nov PAGAN V2ISW 15/17 No* •DRCHARGMG ONLY MALAYSIA AGENTS BOUSTIAD SHPPMG AGMCCS KU. TEL 03-*****00 PKI TQ 03 368(7(7 PtH Ttt
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  • Page 78 Advertisements
    • 1924 78 DIRECT 3 SAILINGS monthly V f to XIAMEN 4205*02 Op*rttH,n ConUtoar: 4****** I JiaiaMrt Fan (Ctntral): 22*1*** Contain*: 4MSo4l*** O/O: ******5 Camr~>i**at: *****4* I COSTAR SHIPPING PTE LTD r«<«. 2««3& cosmr Z* mr m??£i. Br—hMk sk o«c>. *****50 *****30 H!^7rSr-i 7 C O R C%J 1 C 7 cYu' 9o
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    • 1098 78 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUND PfcL PEN KW SIN_ *A 0 TAI *EE YOK THY NAG KOB_ MO) BUS si A RANGER NC43 24 10 ft 1C 2/10 MM 10 02 11 03 11 04 11 06 11 -T.SkmMQ- 09-" '0" 1? 'j _!L!i_ WAN HAI ?1S NOlO 30~10 JTTo
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  • Page 79 Advertisements
    • 334 79 (P FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 28/10 ROTTERDAM 28/10 AARHUS/COPENHAGEN 28/10 HAMBURG/BREMEN 31/10 MARSEILLE/FRANCE 28/10 FELIXSTOWE/UK 31/10 BARCELONA/SPAIN 29/10 LEHAVRE/FRANCE OVX\ GENOA/ITALY 29/10 ANTWERP/BELGIUM 28/10 LOS ANGELES/WC/IPI 29/10 SYDNEY/MELBOURNE 30/10 NEW YORK/EC 29/10 FREMANTLE/ADELAIDE 28/10 VANCOUVER 02/11 BRISBANE 07/TI TORONTO/MONTREAL
      334 words
    • 886 79 g VESSEL VOY *N I 1| VESSEL VOY SIN PEW ■33 8 VIW* BHUM !<*? Sun 30/10 Fn 4/11 a OtJA BHUM 4673 Frt I 28/10 B*l »/10 B| VESSEL VOY SIN BKK 1 WW* BHUM H s nnO W«d 2/11 g TERATAI TEROIS Sun 30/10 Ty 1/11 B| BIjRATHA
      886 words
    • 208 79 Gumrmnt—d Sailing* to:BANGKOK LAO* CHABANG LAOS 25/10 (SAT), 1/11 (Til) POKT KELAN6/PENANG 3/11 (TW). 4/11 (FW) HONGKONG 1/11 (TIE). 4/11 (FW) IAKAHTA a/10 (S»T) MMMLA/C9U/SUBC MY 31/10 (HON) HO Of MNH 4/11 (FW) SURABAYA 30/10 mm 131/iQ (mow) I IS DONGNAMA LINE VtJSI (MB) SCP P* N.N NK PC MM
      208 words
    • 544 79 UTEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ACCEPTING FCL AND CONVENTIONAL Vmml Vof ETA Loading For Abbay Worn 41W8 15/11 Mombasa. Djibouti Aaaab. Massawa Abbay Worn 42W8 15/12 Mombaaa. Djibouti Aaaab. Mauaoi I ACCEPTING BOTH FCL/LCL ALSO 80/BQC »r s>" f-I** o»fc»
      544 words

  • Page 80 Advertisements
    • 1513 80 reNANOMoSr<SI«36 BANGKOK (W2)23M«57 P.KELANOi (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 25/10 26/10 27/10 HKG/BKK/KEE/KHH Genoa/Barcelona/Marseles 1/11 2/11 3/11 27/10 28/10 29/10 HKG/BKK/KEE/KHH G'bwf/C'hafen/S'holm/Oslo 28/10 29/ 0 30/10 jj 29/10 30/10 31/10 HKG/BKK/KEE/KHH gfljj jj/lo si/Jo SHANGHAI/DALIAN JPN/KOREA/MANILA
      1,513 words
    • 175 80 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD El* ll* UA SKJK POM KUMK NNANG am wot 6/11 lo«fcng toi felt KUVN HUOHU 26/10 loading tot Dubai DOPHN 23/10 loading Fm MaK nONUR SUTOMt 18 11 loading for Malt —BM 78/10 loading Fo< Male PtOGWSS IBttTT »/10 loading (of Chma
      175 words
    • 800 80 JL THONG SOON UNES PTE LTD 1 78 SHENTON WAY #10-01, SINGAPORE 0207 I vy V/ 227-5088 FAX: 227-6011 1 TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGA EXPRESS SINGAPORE TO SARAWAK SINGAPORE TO THAILAND VESSEL VOY_ S PORE OCST VESSEL VOY IS PORE ImMM EQUATOR 111
      800 words


  • Page 82 Advertisements



  • Page 85 Advertisements
    • 588 85 HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 wia* |ng» I wd* I w* aw rtm wit* let ham tm fa 10/Io STIo w/IT h. fronto nST 31/10 w/11 20/11 19/11 20/11 20/11 nn\ 02/11 04/11 05/11 SI FREEDOM 313* 07/11 25/11 27/11 20/11 27/11 27/11 20/11 09/11
      588 words
    • 336 85 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 I HEAVY LIFTS IMBMHU) VESStiS mi VOT V f* WC U MM *T OCtAN UK a# IS/IS MOM 25 20/10 JO/1I KOUSHIM 44 N/10 31/10 <0M)MOtTA lATA I 1/11 l/U own >09 I 2/11 vu ORANS MOON 57 12/11 W/ll (OH)ffBHUN J4 11/11
      336 words
    • 673 85 \WSSD. I HOT law ETA/D LAJt OAK ICH DM. I >Ot/Ca I HOU NTC NOR ALLIGATOR TRRMPH 50A 27/10 /2>/H 10/11 IVII 10/11 17/11 17/11 11/11 W» Wll GEORGE NASHN6TOR BRPGE 02A 03/11/4/11 20/11 22/11 23/11 20/11 24/11 2VII 2S/11 20/11 mugator mx. sa 10/11 /11/1127/11 29/11 30/11 01/12 01/12
      673 words
  • Page 85 Miscellaneous
    • 298 85 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0600 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2300 ft 1.2 1.5 1.9 2.0 2.1 2.0 l.« 1.5 1.3 U 1.3 1.5 1.1 22 2.5 2.6 2.6 2.4 2.0
      298 words

  • Page 86 Advertisements
    • 0 86 $/\|'^(<-}(};.@$}(>(,_?=}'*$-~!
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    • 121 86 >%*){?)$/*&*`-).&,/].;|&/{^+_<% NOTICE TO SHIPPERS FROM SINGAPORE, PORT KLANG AND PENANG TO AUSTRALIA CURRENCY ADJUSTMENT FACTOR In view of the recent decline in US Dollars, the following lines have no alternative but to introduce a Currency Adjustment Factor (CAF) of USS7O/20 ft Ctr and USSI4O/40 ft Ctr to recover, in part,
      121 words