The Business Times, 27 July 1995

Microfilm: NL20009
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    13 1 SINGAPORE BUSINESS TIMES WE KNOW ASIA MITA(P) 194/12/94 Thursday July 27 1995 85*
    13 words
  • Article
    Lock icon Dow unchanged
    70 1 Reuter NEW YORK Stocks held steady yesterday while gains in technology stocks boosted the Nasdaq market. At 2 pm EDT, the Dow Jones Industrial Average stood at 4,714.45, the same as Tuesday's close. In the broader market at 1 pm EDT, advancing issues led declines 11-8 on an
    Reuter  -  70 words
  • Article
    Untitled
    163 1 Slack MriiatMteM^ STII 2,153.29 +0.15 KLSE Comp 1,044.73 -4.61 Nikkei 16,387.25 +238.85 Ha* Seng 9,354.95 -4.15 SETlndcx 1,404.43 +20l30, Jakarta Corap 509.95 +1.00 Manila Comp .....2,867.34 -2.08 Taipei WP1 5,001.60 +6.90 Seoul Coup 946.03 -7.50 Bombay BSE30 ..3,554.89 +15.34 CLSA China B 809.92 +1.60 AoatAOOid 2,134.2 +16.8 FTSE 100 3,454.3
    163 words
  • Article, Illustration
    Quek and partners plan A$ l.lb bid for Pac Dunlop unit
    524 1  -  By< Catherine Ong Conrad Raj SINGAPORE Malaysian tycoon Quek Leng Chan, along with his partners in the Camerlin consortium bidding for beverage group Yeo Hiap Seng Ltd, is making an A$ 1.1 billion (SSI.I billion) offer for the food
    524 words
  • Article
    Lock icon Fed denies rate cut report
    85 1 Bloomberg Business News WASHINGTON The Federal Reserve yesterday described as a "fabrication" an article in the Japanese newspaper, Nihon Keizai, quoting Federal Reserve governor Lawrence Lindsey as saying in an interview on Monday the central bank has room to cut interest rate further by O.S
    Bloomberg Business News  -  85 words
  • Article, Illustration
    Lock icon Pribadi emerges as largest Amcol shareholder with 15.7% stake
    546 1  -  By William Chia SINGAPORE Indonesian businessman Henry Pribadi has emerged as the largest shareholder of property and trading group Amcol Holdings with a 15.68 per cent stake comprising 46 million shares. In the last two days, he bought 30 million Amcol
    Source: Bloomberg  -  546 words
  • Article
    Expectations of cut in Japan's discount rate mount
    352 1  -  Fran Anthony Rowley In TOKYO SPECULATION continued to mount in Tokyo yesterday that the Bank of Japan will further cut its official discount rate (ODR) as early as this week in order to consolidate recent gains to the Japanese economy in the
    352 words
  • Article
    Bank Bali's foreign shareholders hit by local investors seeking quick kill
    447 1  -  Fran Leslie Lopez in JAKARTA PT BANK Bali's lofty standing among international investors has taken a sharp knock. A loophole in Indonesia's stockmarket rules, exploited by savvy local investors, has left many foreign shareholders badly bruised after a rights
    447 words
  • Article, Illustration
    Kwek Leng Beng is tops in S'pore
    480 1  -  Forbes richest Chinese list By Conrad Raj SINGAPORE Kwek Leng Beng of the Hong Leong group is Singapore's wealthiest man with an estimated fortune of USSS billion (Ss7 billion), according to the Chinese edition of Forbes magazine. He is one of five Singaporeans
    480 words
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      7 1 Law: Pg 13 Aussie media at crossroads
      7 words
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      10 1 Hock Lock Siew: pg is F&N's biggest headache in Vietnam
      10 words
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      121 1 Bottom Line: Pg 14 Myths of Japan's economjg&£uklds. Electronics stocks to stay hot for another month: analysts, Pg 15 Hongkong Style Cantonese Cuisine Created Fresh Grand Pavilion invites you to a Hong Kong style feast that satisfies |u the most demanding of tastes. Our expert chefs pick only the finest
      121 words
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      57 1 •£*ra3: Remove** CO Tuner wtfh DSP Sound Processor£o Changer Control IlljlTSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone; *****33 Kanie Lumpur: Phone, 757 0233 POT**: Phone; 615 965/619 014 Marts: Phone. *****9/*****8 Newsprint, paper prices will peak next year, says research centre, Pg 14 Thai rubber prices expected to
      57 words
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  • SINGAPORE NEWS
    • ECONOMY
      • Article, Illustration
        Lock icon Big rise in ACU loans, deposits
        270 2  -  By Shiv Taneja THE Asian dollar market grew strongly in May, even though the Monetary Authority of Singapore urged the banking system to channel more funds overseas. According to the latest MAS data, Asian Currency Unit loans to non-bank customers at the end of
        Source: MAS  -  270 words
    • Article
      Lower-than-expected prices at URA auction
      282 2 EIGHT South Bridge Road conservation shophouses fetched relatively low prices at an Urban Redevelopment Authority auction yesterday. The market had expected the last batch of Chinatown conservation shophouses auctioned by the URA to attract as much as $1,850 per sq ft but the priciest of
      282 words
    • Article
      Tanglin Regency almost sold out on launch day
      341 2  -  By Jenny Lam FIRST Capital Corp's Tanglin Regency condominium was launched and practically sold out yesterday. Only five apartments remain unsold in the 210-unit project, at the junction of Tanglin and Alexandra roads. "We were not entirely surprised by the good response
      341 words
    • Article
      Lock icon Paper ordered to pay record $950,000 in total damages
      581 2 The IHT defamation suit The Straits Times THE HIGH COURT yesterday ordered the International Herald Tribune to pay $950,000 in total damages to Singapore's top three leaders over a libellous article alleging they practised nepotism. Justice Goh Joon Seng awarded $350,000
      The Straits Times  -  581 words
    • Article, Illustration
      PM Goh accepts Mongolian premier's invitation to visit
      282 2 MONGOLIAN Prime Minister Puntsagiin Jasrai, speaking at the end of a three-day official visit here, said that Prime Minister Goh Chok Tong had accepted an invitation to visit Mongolia. Mr Jasrai said yesterday that Mr Goh's visit would take place in the
      282 words
    • Article
      Change of road tax date: notice needed
      98 2 CAR OWNERS who want to changc their road tax expiry date under a new registration rule must give the Registry of Vehicles three months' notice of their intention. They may put in their request from Aug I, when the new rule takes effect.
      98 words
    • Article
      Parliament to convene on Aug 7
      19 2 Parliament will convene on Aug 1 at 12:30pm, the legislative body announced yesterday.
      19 words
    • Article
      Corrections and clarifications
      57 2 In yesterday's report "Singapore hoteliers urged to set up R&D fund", we quoted Mr Noel Hawkcs as saying that the present stafT-to-room ratio is 1.6:1. This is incorrect. What Mr Hawkcs said was that the present ratio is 1:1, an improvement over the 1.6:1 of 10 years
      57 words
    • Article
      Sumitomo to invest US$ 250m more
      452 4  -  New plants to produce new family of petrochemicals; govt to announce more investments By Loh Hui Yin SUMITOMO Chemical of Japan, which pioneered Singapore's now-thriving petrochemicals industry, is investing US$25O million (Ss3so million) in new plants to produce a new family of petrochemcials in
      452 words
    • Article
      Countertrade a thriving but risky business, seminar told
      294 4 COUNTERTRADE is growing rapidly but practitioners warn of risks that accompany the business. Yesterday, a senior Singapore Trade Development Board executive said that countertrade was estimated to account for more than 20 per cent of world trade now. Ng Wei Min, director
      294 words
    • Article, Illustration
      Fair Price to hold rice prices for next 6 months
      499 4  -  By Siow Li Sen NTUC Fair Price, Singapore's largest rice importer, will maintain rice prices for at least the next six months, although traders say the global rice trade could face an upheaval in the coming months. Fair Price chairman
      499 words
    • Article
      Bihar Chief Minister rolls out red carpet for foreign investors
      376 4 MAKING Singapore the first stop on his maiden tour overseas, the Chief Minister of the large north Indian state of Bihar, Lalu Prasad Yadav, yesterday rolled out the red carpet for foreign investors. Speaking on investment opportunities m Bihar at
      376 words
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      459 words
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  • Page 3 Advertisements
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      309 3 To promote IHI 11 111 pJ The Odyssey has of room for and unique centre-walkthrough aisle 1111 I If If 111 ■111 I I I between the first row seats makes for easy mobility. crieated the perfect family car, Protecting you and your family is our No. 1 priority. The
      309 words
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      114 4 ■A new way to make your profits take off ,/M M <4?% An absolutely prime location, aense of history. State-of-the-art 'WKr m Streetlife. Daylife. Nightlife. Convenience. Choice*. All around. All the time. This 1a *jgS The Heeren, designed to appeal with youthful vibrance. With a retail concept Phmd to pull
      114 words
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  • SOUTH-EAST ASIA
    • Article
      M'sian telecoms firms unlikely to heed calls to merge
      682 5  -  Corporate heavyweights have gone too far to pull back now, say analysts From Ho Kay Tat in KUALA LUMPUR THE warning bells are ringing, but operators in Malaysia's overcrowded telecoms industry are likely to play deaf to a government proposal that
      682 words
    • Article
      Mahathir warns West to avert confrontation
      249 5  -  By Ho Kay Tat LANGKAWI Malaysian Prime Minister Mahathir Mohamad yesterday warned Western nations that if they continued to browbeat Asia on trade issues, countries in the region will retaliate and start a confrontation that will make everyone suffer. Asian economies will soon outstrip
      249 words
    • Article
      Indon risk rating for investors improves a little: Perc
      280 5  -  By Chuang Peck Ming SINGAPORE A more tolerable socio-political climate, as seen in the judiciary's greater independence, has improved Indonesia's overall risk rating for investors, according to the Political Economic Risk Consultancy (Perc). But the improvement is marginal the country's performance
      280 words
    • Article
      Vietnam: from political rival to 'one of us'
      338 5  -  26th Asean Standing Committee From Yang Razali Kassim in BANDAR SERI BEGAWAN THE closing session of the 26th Asean Standing Committee meeting yesterday was different. Brunei Foreign Minister Mohamed Bolkiah was chairing the meeting. Behind him was the familiar Asean logo with
      338 words
    • Article
      Lock icon M'sian group to help govt take stand on global issues
      123 5 AFP KUALA LUMPUR The Malaysian Business Council, the country's top think-tank, is to set up a consultative group to help the government confront global issues that affect national interest, officials said yesterday. "Given the rising tendency of the West to
      AFP  -  123 words
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  • CHINA/ HONGKONG/ TAIWAN
    • Article
      Lock icon Taiwan stocks slightly higher on hopes of easing of tensions with Beijing
      409 6 Reuter Bloomberg Business News TAIPEI Taiwan stocks reversed early sharp falls to finish slightly higher yesterday on hopes that the Taiwanese government was coming out with comments to ease recent tensions with China, as Beijing announced it had
      Reuter; Bloomberg Business News  -  409 words
    • Article
      HK legislators approve Sino-UK deal to set up new court
      347 6  -  From Steve Vines in HONGKONG INVESTOR confidence that Hongkong's legislature would not scupper the Sino-British deal on the establishment of a new court of final appeal was vindicated last night. A marathon debate ended with legislation to establish the new
      347 words
    • Article
      Lock icon Tax evasion widens income gap in China, says paper
      377 6 Reuter SHANGHAI Tax evasion is rampant in China, costing Beijing billions of dollars in lost revenue and widening the gap between rich and poor, the Shanghai Securities News reported. The problem threatens to spark social tension as resentment builds among ordinary
      Reuter  -  377 words
    • Article
      Lock icon China banks not prepared for foreign competition
      208 6 Reuter BEIJING China's poorly managed and debt-ridden banks are ill-prepared for foreign banks which will be able to acquire them once China enters the World Trade Organisation (WTO), said a central bank journal. China is negotiating to enter the WTO and hopes to
      Reuter  -  208 words
    • Article, Illustration
      Lock icon Sudden change in wind direction caused satellite blast over China: probe
      361 6 Bloomberg Business News BEIJING US satellite maker Hughes Space and Communications International Inc and China's state-owned rocket launcher were unable to determine who's to blame for a January explosion that destroyed a US$l6O million (***** million) satellite. A six-month
      Bloomberg Business News  -  361 words
    • Article
      Lock icon Work needed for 200 m Chinese farmers
      57 6 Reuter BEIJING China must find work for 200 million farmers no longer needed by 2000 or face major socio-political problems, Vice-Premier Wu Bangguo said. Of China's 450 million rural workers, 120 million are surplus now, and the number is growing, the official Outlook
      Reuter  -  57 words
    • Article
      Lock icon Bids for ex-base a HK market test
      73 6 Bloomberg Business News HONGKONG Most of Hongkong's top real estate developers are vying for possibly the best site offered this year. Tomorrow is the deadline for bidding to redevelop the former British naval base, Tamar, which stands in the shadow of the Chinese
      Bloomberg Business News  -  73 words
    • Article
      Lock icon Two Taiwan firms in Viet reforestation
      75 6 AFP HANOI The Vietnamese government has allowed two Taiwanese companies, Yuen Foong Paper Mfg and Chung Hwa Pulp Corp, to invest more than US$3O million (SS42 million) in reforestation, the Vietnam News Agency said yesterday. The two firms will jointly set up Vietnam's third
      AFP  -  75 words
    • Article
      Lock icon Respectable growth seen for HK
      57 6 AFP HONGKONG Hongkong's economy can attain "respectable" growth this year, despite a downturn in the retail and restaurant sectors, financial services secretary Michael Cart land said yesterday. He was replying to a question from a member of the Legislative Council, on whether the government would
      AFP  -  57 words
    • Article
      Lock icon HK graft bUsters stop probe
      44 6 Reuter HONGKONG Hongkong's Independent Commission Against Corruption said it had halted an investigation into reports of bribery at a government land auction. The public had complained that some parties were bribed not to bid in a 1994 land auction.
      Reuter  -  44 words
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      326 6 I JL I an island any more Digital Venturis'^s7s/590/5100: Intel Pentium* Processor 75/90/ 100 MHz BMB to 128MB RAM Bk 420M8/840MB/1.2G8 hard disk B| 64-bit local bus video Itf-v f DMI ready ®iTj§£?\ 14* SVGA colour monitor ■Hfli From $2,599 onwards |918£iu3.....--~ IJflHg DIGITAL PCs MAKE GOOD 1 NETWORK CITIZENS
      326 words
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      317 7 TWO UVIHd LOTD/TOdtTO I 3 _Ta \ir J I VAL TOMMV LEE JIM Dcucn^n I KILMER JONES CARREV VERSO #Wp®R T M R N! I RE V E j I NICOLE CHRIS 1 I I KIOMAN O'OONNELLf I WARNER BROS. A TIM BURTON MMO. J JOEL SCHUMACHER film VAL KILMER
      317 words
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  • ASIA
    • Article
      Huge bad debt figure of Japan banks erroneous: BOJ sources
      406 8  -  Frtui Anthony Rowley In TOKYO REPORTS of bad debts of up to 100 trillion yen (551.59 trillion) within the Japanese banking system are "completely erroneous", said Bank of Japan sources yesterday. The country's 21 leading banks remain basically sound, the
      406 words
    • Article
      Lock icon Aussie inflation at four-year high
      65 8 Reuter SYDNEY Australia's consumer inflation rate hit a four-year high in the June quarter, prompting a sell-off yesterday in the bond market and paring back some of the local dollar's recent gains. Official figures showed the consumer price index rose 4.5 per cent for the
      Reuter  -  65 words
    • Article
      Lock icon NZ govt defers decision on missiles
      79 8 AFP WELLINGTON Defence officials said yesterday they have put off deciding on a NZ$l9 million (SslB million) contract to buy portable surface-to-air missile systems because the best option is made by a French company. The decision will be delayed "until there is no difficulty
      AFP  -  79 words
    • Article
      Lock icon LDP supports defence spending boost
      46 8 AFP TOKYO The Liberal Democratic Party (LDP), the largest force in Japan's ruling coalition, supported yesterday a proposal by the Self Defence Agency to boost defence spending by 4.1 per cent for the year Zoning April 1996, LDP officials said. AFP
      AFP  -  46 words
    • Article
      Lock icon Cheaper Japanese cosmetics
      60 8 Reuter TOKYO Japan's retail revolution reached the cosmetics counter yesterday, when one of the nation's leading chain store operators said it was cutting the price of hundreds of cosmetics products by up to a quarter. Daiei Inc said it would slash the price of items from three
      Reuter  -  60 words
    • Article
      Lock icon India Brand Equity Fund to be launched by year's end
      270 8 AFP NEW DELHI The Indian government is to launch an India Brand Equity Fund by the end of this year to sell the "Made in India" label abroad, Commerce Minister Palaniappan Chidambaram said yesterday. "Our aim is to market India.
      AFP  -  270 words
    • Article, Illustration
      Lock icon Bareback in the park
      54 8 AFP TOKYO Two Japanese businessmen, with their shirts off, joining an old man for a bit of sun in a downtown park during their lunch break on Tuesday. Three people have died so far of the heat as temperatures soared to record highs in many parts
      AFP  -  54 words
    • Article
      Australia plans forum for small businesses from Apec to network
      302 8  -  From Florence Chong in SYDNEY AUSTRALIA is to host what is billed as a business dating service for small and medi-um-sized enterprises (SMEs) in September when some 600 companies are expected to participate. Known as The Apec Opportunity, the event
      302 words
    • Article
      Lock icon US power project in India may get 2nd chance
      334 8 State govt wants US firms, accused of inflating costs, to cut prices, says report AP NEW DELHI A state government may renegotiate a controversial US$2.9 billion (Ss4 billion) power project with a US consortium if it cuts costs, a newspaper reported
      AP  -  334 words
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      64 8 mm VOLVO y i -"V s fan 1,, I, I, v J j 1 Remember the uuv who was good at studies, CP j good at sport and got all the girls? Some cars are like that. Zils S M Motors 2 4 9 A I o x a n
      64 words
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  • FOCUS
    • Article, Illustration
      What roles should the new Masters of the Universe play?
      1014 9  -  Leon Hadar reviews two books which have as their protagonists the currency trader and the central banker Leon Hadar WASHINGTON Now that the Cold War is over and the golden age of the global ideological crusades is coming to an
      1,014 words
    • Article
      Lock icon Goldman Sachs tie-up shows confidence in India
      226 9 Reuter BOMBAY When US investment bank Goldman Sachs signed its first-ever joint venture with India's Kotak Mahindra Finance on Monday it reiterated the confidence Wall Street's major players have in Bombay's Dalai Street. Dalai Street is India's Wall Street. Goldman Sachs was one
      Reuter  -  226 words
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      160 9 FOR SfVLE Corporate Building fit Bedok South Road I WWJf I \vl~ ROML-^ chShGT_ toc£££--—50^-—n t \d HOB \g\ HOUSING ft W estate I. W «CH H MARKET/FC TEMASa \?9\ AIV \Si\l B \ay SITE H,o OPEM A estate Jl S^rrawa V pnTrfU t rn tUVv JUNIOR COLLEGE IDEAL FOR
      160 words
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      Page 9 Advertisements Column 2
      295 9 "Surprise me. Give me more power than I thought I could get for my money." I I I I -f n I I t 9 1 IBM Solution #*****3-J a.k.a Affordable Pentium Technology 1 If you're looking for a lot of means you can take on the heavy performance for
      295 words
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      Page 10 Advertisements Column 1
      1145 10 Ihiifm i ii i ■li ";r:l^7l mmlt > j 1111 Um 11 JTiTTTaTTIiuM where to wine, dine and entertain L WORLD'S LARGEST SELLING BEER J K M»- -"i-HtfWHWscaeoißwmmwcftHDn VfmM. OatfrMMiii illtrv AJHR 10% iff ftr cisli f 5% iff fcr irdit ftyMit J Just spend $500 and above within 6
      1,145 words
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      Page 10 Advertisements Column 2
      276 10 The Day You Dine At Triple 3 t Be Prepared To Have A Very Light Breakfast Skip breakfast altogether for a sumptuous buffet at Triple 3, an irresistible spread featuring some 5 60 hot and cold dishes, plus tempting desserts. Call _S_ us now to make your reservations at 831
      276 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Guidebooks for today's travels
      1298 11  -  James Yenckel reports on inveterate travellers who are now guidebook publishers James Yenckel AP THIS is a tale of two guidebook publishers, both adventurous souls who have explored some of the more remote corners of the world and have set about to make their journeys financially
      AP  -  1,298 words
    • Article, Illustration
      Painting for a good cause
      356 11  -  Parvathi N Narayan on an exhibition of paintings by Choo Keng Kwang Parvathi N Narayan The writer is an artist who contributed this article to Business Times FORTY-FIVE paintings by Choo Keng Kwang will be showcased in the President's Charity Art Exhibition, which opens on
      356 words
    • Article
      Lock icon Dr Geiger to hang up his stethoscope
      338 11 CHATWRBSX' UPI AFP Reuter Reuter ACTOR Mandy Patinkin says he will leave Chicago Hope, the Emmy-nominated hospital drama series, after the fall season's first eight episodes to spend more time with his family. "You can sue me and take away everything I have,
      UPI; AFP; Reuter  -  338 words
  • Page 11 Advertisements
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      137 11 BUT^®FLY B AJPI&CA F E CONTINENTAL CAFE, RRTAURANT AND BAR SET BUSINESS LUNCH AND DINNER FROM $15.50++ HAPPY HOURS 3PM TO BPM Home-made daty soup Seared Salmon on a bed of Garden Vegetable Tropical fresh fruit with mango icecream Salmon Nicoise Salad Duck Breast with Three Colour Pepper Sauce Apple
      137 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1126 11 Expressions, 10pm, gramme looks a called Common Ground and its efforts to raise environmental awareness ordinary people. Following that, trace 1 the training of Cana- >|9^E^B■ f dian dancer Stephane Leonard. sswi- J The Naked Target 8.30pm, Ch S 1 Clayton Rohner, Cristina J Piaet, Jose Luis Vazquez and JHjKg
      1,126 words
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  • Article
    Cool heads over Taiwan Straits
    488 12 THINGS were bad enough when Beijing began firing test missiles into a zone 150 km off Taiwan's northern coast. But Taiwan's reported decision on Tuesday to start its own naval war games, firing shells in the same area, added to the atmosphere of cjisis. Yesterday,
    488 words
  • WHAT THE OTHERS SAY
    • Article
      Truly, Bosnia's last stand
      389 12 IF LIFTING the arms embargo on Bosnia would mean collapse into all-out war, as the 15-nation London conference claimed recently, retaining the ban can only continue the genocide. The question now should not be just of the United States pulling out from the arms embargo, but
      389 words
    • Article
      Timely call for mediation
      112 12 CHIEF Justice Yong Pung How's suggestion that mediation should be encouraged in settling disputes is timely. It is a perennial marker in Asian values. Asian countries have inherited from former colonial administrations adversarial jurisprudence in which litigation is the means of last resort. But they would
      112 words
    • Article
      Philippine press plays dirty
      198 12 AFTER the dust has settled on the Mega saga, or so we thought as we looked forward to restoring ties with the Philippines, there are signs things are not going all that smoothly. The Philippines has raised several issues. First, it will be very stringent in
      198 words
    • Article
      Jakarta's sporting decision
      127 12 EVERY time an Israeli delegation is due here for a visit, the government has to be extra careful about the political repercussions. Many people here are still opposed to Israel's participation in whatever event. Almost all Indonesians who share this attitude link their antwjwael sentiment ,with the
      127 words
    • Article
      Clearing air on Natuna
      131 12 THE status of the Natuna Islands has been cleared up, with China's Foreign Minister Qian Qichen's assurance to Indonesia's Foreign Minister AJi Alatas that the oil-rich islands belong to Indonesia. Mr Qian, as quoted by Mr Ali Alatas on his return home from Beijing last Friday,
      131 words
    • Article
      West faces moment of truth
      127 12 The Bosnian Serbs' response to the international community's latest "final warning" was swift, flagrant and deadly. Only minutes after the chairman of Friday's 16-nation London conference on Bosnia issued an ultimatum to the Serbs to halt their attacks on UNprotected areas or face heavy aerial
      127 words
  • Article, Illustration
    S-E Asia faces challenge of reviving food output
    905 12  -  Business must support agriculture through better production and distribution in the next phase of industrialised growth, says Sree Kumar Sree Kumar Sree Kumar is a partner in a regional consulting firm INDONESIA is concerned about its ability to maintain domestic food production
    905 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      16 12 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute.
      16 words
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      Page 12 Advertisements Column 2
      123 12 KENNEDY-WILSON INTERNATIONAL*. The Pyrmont Peninsula BiHI FOR SALE unique opportunity to invest in the largest freehold development site on Sydney Harbour! Sydney's multi-purpose waterfront preCinCt The approved master plan for this exciting site will realise 7 separate, autonomous precincts, designed to provide flexibilty ,*l, in business applications and residential llPi
      123 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 a s x/bURFReDDV I Do^s M V SUGPkR \[pajs/ RdR me -f~V TO. WBDD>/....Mou)'S m^ HeIFRrnDV IWe TO THBOU/ t tmmmm MCW»fa**«» LTO HM-IW* 94ei POONESBURY GARRY TRUDEAU TmST&n- fOWRB ALSO, YOUV£ROOTW,C£m&t> £VBH THOUGH IJFTAPOUNP H£Y-. I«#s naexljiei QUAUFI&, J VALUBTHAT. THAT* RJHiI The COUNTRY &eAHN6TD BUS- UK£ THAT,TOO! Juwier
      65 words
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  • The Law Page
    • Article, Illustration
      Australian media at legal crossroads
      878 13  -  Selva Kumar examines the political and legal reasons behind a push for more media freedom Selva Kumar Australian Prime Minister Paul Keating recently longed for an old-fashioned media that would just stick to the facts. But it looks like he may not get much help
      878 words
    • Article
      Time to update our archaic laws on sex
      297 13 AT THEME. UNEQUAL treatment of the sexes is a touchy matter these days, with no shortage of people ready to pronounce, one way or another, on apparent cases of sex discrimination. Strangely enough, a recent case of sex discrimination and one that
      297 words
    • Article
      And good skincare for all
      56 13 SPEAKING of sex discrimination, could the Law Society of Singapore be guilty of this by organising at Tangs Studio next month a beauty workshop with lessons in skincare and the proper colours to use? Why this special event for its women members? Or could it
      56 words
    • Article
      Two trips for legal eagles
      108 13  -  By Conrad Raj OTHER events the Law Society of Singapore is organising for its members include several trips abroad, with two planned in September to Australia and South Africa. The legal study mission to Sydney and Melbourne in Australia will give members a chance to
      108 words
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      88 13 Results tender for HBHble book-entry Government HH H 1995 due 1 August 2000 H Ho be issued on 1 August 199^H Tenor approx. 5 years Amount Offered Allotted *****,000,000 WBmm Amount Applied 551,892,610,000 fraßgp ||BaßH' Interest/Coupon Rate 3.125% p.a. iH^f IBBpfill Average Yield Price on Allotment 3.21% p.a. and 99.610%
      88 words
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      996 13 FUlffflßH BARCLAYS PLC subsidiaries Head Office: 54 Lombard Street, London, EC3P 3AH Singapore Office: 50 Raffles Place #23-01, Shell Tower, Singapore 0104, Robinson Road P.O. Box 887, Singapore 9017. Tel. 224-8555. Balance Sheets at 31st December 1994 Berclays PLC Consolidated Profit and Loss Account 3 for the year ended 31st
      996 words
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  • Article
    Lock icon Financial services pact opens up 90% of world markets: Brittan
    585 14 Reuter AP NYT BRUSSELS The global financial services deal struck in Geneva yesterday is a major diplomatic victory which opens access to 90 per cent of the associated worid markets, EU Trade Commissioner Leon Brittan said. "This sends a very
    Reuter; AP; NYT  -  585 words
  • Article
    Lock icon EC tells France to sell Credit Lyonnais assets in rescue deal
    321 14 Reuter AFP BRUSSELS The European Commission told France yesterday to sell a substantial part of the banking assets of Credit Lyonnais in return for clearing a 45 billion French franc (Ssl3 billion) salvage plan for the bank. "Credit Lyonnais
    Reuter; AFP  -  321 words
  • Article
    Lock icon US manufacturers want 0.25-pt interest rate cut: survey
    116 14 Reuter WASHINGTON Manufacturing executives foresee the US economy continuing its moderate expansion this year and next, but they called on the Federal Reserve yesterday to cut interest rates an additional quarter of a percentage point at its August meeting. The National Association
    Reuter  -  116 words
  • Article, Illustration
    Lock icon Paris on alert
    44 14 Reuter PARIS French police patroUiag the RER andeigroan4 station at St Michel yesterday after Tuesday's bomb Mast which killed fire people. Security has been stepped apia all Metro stations with police patrols and spot identity checks thranghont the rail natwoifc. Renter
    Reuter  -  44 words
  • Article
    Lock icon Leeson is free to speak
    104 14 Bloomberg Business News FRANKFURT Germany's constitutional court has lifted a media ban on former Barings pic trader Nick Leeson, paving the way for him to give interviews from prison. The Federal Constitutional Court in Karlsruhe ruled on Tuesday that it was illegal not to allow
    Bloomberg Business News  -  104 words
  • Article
    Lock icon Japan curbs hurt Kodak
    81 14 AFP TOKYO Eastman Kodak Co vice-presi-dent Ira Wolf said yesterday that "restrictive structures" of the Japanese government and Fuji Photo Film Co Ltd had cost it US$6 billion in lost sales since 1975. "Restrictive structures remain in place today," he said. Mr Wolf, speaking at a
    AFP  -  81 words
  • Article
    Lock icon Lloyd's to go under review
    71 14 Reuter LONDON The British government said yesterday it planned to review the way the Lloyd's of London insurance market is regulated but work on the review is unlikely to start for at least two years. "The government will undertake in due course a longerterm review
    Reuter  -  71 words
  • Article
    Lock icon US firms' hefty tax breaks
    102 14 Reuter WASHINGTON About 2 per cent of US federal budget goes to support business, an amount dwarfed by the tax breaks available to reduce corporate income tax, according to the Congressional Budget Office. In a report to Congress the non-partisan CBO said business receives U5527.9
    Reuter  -  102 words
  • Article
    Lock icon Coffee prices sear
    101 14 Reuter LONDON World coflfee prices soared by US$l2O a tonne yesterday in reaction to plans by leadiag coflM producers in Africa, Asia and Latin America to CMto exports. Emergency talks in New Yolk of tfce Association of Coffee ftiiftiin Countries agreed late on Tuesday to UMi expects
    Reuter  -  101 words
  • Article
    Lock icon Daimler's merry men
    62 14 Bloomberg Bussines News STUTTGARf 4 AG chief executive Schfttftpp *m* drtamed by Italian potic* «Aa* taring iMmi itf merry mood with a iMtfll at the Spanish Steps in Rone fart ahd> ctatyftny confirmed yatarday. Millir <m no charges, had been fitod agfttttf Mr fchmnpp and two other
    Bloomberg Bussines News  -  62 words
  • Article
    Misprint, paper prices Will peak next year, says research centre
    371 14  -  From Neil Behrmann in LONDON NEWSPRINT and other paper prices are rising to "unsustainable levels" and will peak next year, says UK-based paper and pulp research centre Pira International. The long-established company published a 173-page report, "Pulp and Paper beyond
    371 words
  • Article, Illustration
    Debunking myths of Japan's economic decline
    811 14  -  The Bottom Line ANTHONY ROWLEY The writer is BT's Tokyo correspondent SOME extraordinary misconceptions about Japan's supposedly waning economic power have been finding their way into print recently in journals whose reputation and status suggest that they ought to know better. Everyone is entitled
    811 words
  • Article
    Lock icon Asia-Pac meeting to find common | ground on region's chaotic airwaves
    196 14 Asia-Pac meeting to find common ground on region's chaotic airwaves Business Day BANGKOK Attempts will be made to bring some order to Asia's chaotic airwaves when members of the region's satellite broadcasting industry gather in the Thai resort of Hua Hin next week. The meeting of Asia-Pacific Telecommunity delegates from
    Business Day  -  196 words
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      Page 14 Advertisements Column 2
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      156 words
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  • COMPANIES & MARKETS
    • Article
      Electronics stocks to stay hot for another month: analysts
      478 15  -  By David Mok SINGAPORE The recent bull run on Singapore-listed electronics stocks should continue for at least another month, say analysts. It is expected to be driven by the continued strength of US technology stocks, and local retail investors looking for
      478 words
    • Article
      First Engineering's $80m plans
      440 15  -  By Chuang Peck Ming SINGAPORE Sesdaqlisted First Engineering has not forgotten home as it spreads its wings out in the region it is planning to invest up to $80 million in a new building for its headquarters and a bigger factory in Woodlands East. The investment,
      440 words
    • Article
      F&N to spend US$ 48.8m on Viet Coke deal
      312 15  -  By Lee Han Shih SINGAPORE Listed Fraser Ncave (F&N), which yesterday finally secured the right to bottle Coca-Cola in Ho Chi Minh City after a one-year delay, said it would spend US$4B.B million (Ss6B million) on the venture. The sum was
      312 words
    • Article
      Bottling right in Vietnam may jack up F&N's cost rather than improve profits
      812 15  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE If you think Fraser Neave is on a roll in Vietnam now that it has secured the right to bottle Coca-Cola in Ho Chi Minh City, think again. In
      812 words
    • Article, Illustration
      Tuan Sing denies talk as share price hits a year's high of 66 cents
      240 15  -  By Agnes Wee SINGAPORE Tuan Sing Holdings yesterday denied talk that it was involved in a joint venture power project as further rumours about lucrative projects sent its shares in early trading to this year's high
      240 words
    • Article
      SNP posts 10.6% fall in interim earnings despite higher turnover
      182 15 SINGAPORE SNP Corp announced yesterday a 10.6 per cent decline in group net earnings to $1.31 million for the interim period ended June 30, despite a 41 per cent increase in group turnover to $36.24 million. The group reported earnings
      182 words
    • EYE on
      • Article, Illustration
        MARKET MOOD
        50 15 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 54pm yesterday. Overnight events may alter sentiment. Broken polled: Alliance, Barings, Credit Lyonnais Securities, Daiwa, Fraser, G K Goh, Kay Hian. Morgan GrertfeU, Ong Co, Nomura, Phillip, Smith New Court, WlCarr and SG Warburg.
        50 words
      • Article, Illustration
        HOT STOCK
        107 15  -  By David Mok Weekly RSI and stochastics indicate perhaps a few more cents of upside potential for CAM Mechatronic. However, daily RSI and stochastics have just entered overbought territory, and yesterday's closing is approaching the counter's all-time high of 83 cents. Given the volatility of this stock in
        107 words
    • COMPANIES
      • Article
        Republic sets $1.35 conversion price
        98 16 SINGAPORE The exercise price for Republic Hotels Resorts' warrants issue has been fixed at $1.35. This is 65 cents below the weighted average transacted price of the company's shares on the Stock Exchange of Singapore for five consecutive market days before July 25. ÜBS (East
        98 words
      • Article
        Mayfran trades on 'ready' basis tomorrow
        63 16 SINGAPORE The Stock Exchange of Singapore said yesterday that trading in Mayfran shares would cease on a "when issued" basis and start on a "ready" basis tomorrow at 9 am. All trades done on a "when issued" basis will be due for settlement on
        63 words
      • Article
        L&M denies Econ reports
        44 16 SINGAPORE L&M Group Investments yesterday issued a statement denying media reports that it bought shares of Econ International from Apac Investment. It also denied it was a partner with Guthrie GTS and Tuan Sing in an independent power plant venture.
        44 words
      • Article
        Inno Pac must split placement
        117 16 SINGAPORE Inno Pacific said yesterday the Stock Exchange of Singapore (SES) had given in-principle approval to its placement of 22 million new shares at $0.60 a share on condition that the placement be split into two tranches. The first tranche of 15.2 million new shares
        117 words
      • Article
        Untitled
        493 16 Maapn' prim Jul 27 Sh Greater China Fd 0.955 0995® Mcndaki Gr Fund 1.03 l.06g Singapore Unit Trust us Gr Fund i.oe 1.12* !:S l:S5 uo« *»~t ui S*pcre Pro» Fund 0.63 0.67 Unifiind 1.45 .32 Spore See Fund 0.99 I.OS Unibond 1055 08 S-pore Invest Fund 1.09 l.lSxd Unjted
        493 words
      • Article
        Lock icon KL bank to give loans to investors in new share issues
        354 16 MBT KUALA LUMPUR Bank Simpanan Nasional (BSN) is offering loans to investors for new share issues by companies with proven track records, including Petronas Gas Bhd. Chairman Ahmad Zahid Hamidi yesterday said the loan scheme will allow more people,
        MBT  -  354 words
      • Article
        Lock icon Shell M'sia to invest M$2b a year
        498 16 MBT KUALA LUMPUR Shell Malaysia will invest MSI.S billion (SSBSS million) to Ms 2 billion a year for the next five years in its upstream and downstream activities, its outgoing chairman and chief executive Chris Knight said yesterday. The bulk of it would
        MBT  -  498 words
      • Article, Illustration
        Lock icon Public Finance posts 33% rise in operating pre-tax profit
        219 16 Bernama KUALA LUMPUR Public Finance Bhd has reported a group operating pre-tax profit of M 560.32 million (5534.38 million) for the six months ended June 30, 1995, up 33.1 per cent from the previous corresponding period. Public Finance yesterday reported that
        Bernama  -  219 words
      • Article
        Lock icon Transmission Tech awards power line subcontracts
        180 16 Bernama PETALING JAYA Transmission Technology Sdn Bhd has awarded 14 subcontracts to 19 companies to lay Malaysia's first 500 kV transmission lines. The transmission system contract will be worth M 5964 million (***** million) and the work will be completed in 30 months. The
        Bernama  -  180 words
      • Article
        Lock icon Newly-listed Farlim to sue China Strategic
        257 16 AFP KUALA LUMPUR The Malaysian Farlim Group said yesterday it would sue China Strategic Holdings Ltd of Hongkong for alleging that its joint venture firm in China had defaulted on payments to the Guangzhou provincial government. "Farlim will pursue all courses of action against
        AFP  -  257 words
      • Article
        M'sian property firm Sunrise sees 26% jump in pre-tax profit
        312 16  -  By Abdul Hadhi SINGAPORE Malaysian property developer Sunrise Bhd, which has applied for a listing on the Kuala Lumpur Stock Exchange, has achieved a 26 per cent rise in group pre-tax profit to Ms 24 million (5513.7 million) for the
        312 words
      • Article
        Lock icon Malaysian Mosaics going ahead with acquisition of 50.4% of EACM
        232 16 MBT KUALA LUMPUR Malaysian Mosaics Bhd's approval from relevant authorities of its proposed acquisition of 157,0 CX) shares in East Asiatic Company (Malaysia) Bhd (EACM) from the East Asiatic Company Ltd (EACL) has been accepted by the latter. Both parties
        MBT  -  232 words
      • Article
        Lock icon Elec & Eltek delay buying remainder shares
        184 16 Elec Eltek delay buying remainder shares Bloomberg Business News HONGKONG Elec Btek Holdings Ltd said its purchase of 30 per cent of its outstanding shares will be delayed for 13 days. The Hongkong-based electronics company, which said earlier this month that it would spend HKS32S million ($58.6 million) to buy
        Bloomberg Business News  -  184 words
      • Article
        Lock icon Malaysia speeds up licensing of dealers
        103 16 Reuter KUALA LUMPUR Malaysia's Ministry of Finance has shortened the time it takes to get a dealer's representative licence, the Kuala Lumpur Stock Exchange (KLSE) said in a circular to members. It will take one month of full-time training, instead of three months, it
        Reuter  -  103 words
      • Article
        Lock icon Tele-Communications to buy Viacom cable unit in US$2.25b deal
        454 17 Bloomberg Business News NEW YORK Tele-Commu-nications Inc (TCI) will buy Viacom Inc's cable systems in a transaction valued at U552.25 billion (553.2 billion), strengthening its West Coast strongholds of San Francisco and Seattle. The uniquely structured sale which includes spinning off
        Bloomberg Business News  -  454 words
      • Article
        Lock icon Microsoft to expand in China as it sees software piracy waning
        341 17 Bloomberg Business News REDMOND, Washington Microsoft Corp says it will expand operations in China as measures designed to counter the illegal copying of computer software begin taking hold. The world's largest software company will coordinate its Chinese operations, including
        Bloomberg Business News  -  341 words
      • Article
        Lock icon American Tobacco buy lifts BAT'S profit
        217 17 Bloomberg Business News LONDON BAT Industries pic yesterday said first-half pretax profit climbed 22 per cent as last year's acquisition of American Tobacco bolstered tobacco sales and profit at its US insurance group continued to improve. First-half pre-tax profit rose to a better-than-expected, record
        Bloomberg Business News  -  217 words
      • Article, Illustration
        Lock icon Coke record
        80 17 Reuter SHANGHAI Y T Sun, 95, former general manager of Coca-Cola Shanghai, posing with some of his company mementoes at home on Tuesday. Back in 1948, Mr Sun saw Shanghai become the first market outside the US to sell one million cases of the soft drink. He was
        Reuter  -  80 words
      • Article
        Lock icon British Telecom reports 12% rise in 1Q earnings
        191 17 Reuter LONDON British Telecommunications pic yesterday reported an increase of almost 12 per cent in first quarter pre-tax profit to £874 million (5J1.94 billion) from £781 million previously. The results exceeded analysts' top estimates of £860 million but British Telecom shares eased
        Reuter  -  191 words
      • Article
        Lock icon Pico Far East's profit down 34%
        68 17 Bloomberg Business News HONGKONG Pico Far East Holdings Ltd yesterday said net profit fell 34.1 per cent in the year ended March amid losses from associated companies. The company, which designs and makes exhibition stands and exhibits, said profit after taxes and payments to
        Bloomberg Business News  -  68 words
      • Article
        Lock icon Nod for higher foreign limit for Posco
        78 17 Reuter SEOUL South Korea's Securities Supervisory Board (SSB) yesterday said it has approved applications by Pohang Iron and Steel Co (Posco) and Korea Industrial Leasing Co to raise foreign ownership limits. Foreign investors will be able to buy an additional 2.17 per cent
        Reuter  -  78 words
      • Article
        Lock icon Wah Kwong director to be ticked off
        93 17 Bloomberg Business News HONGKONG The managing director of Wah Kwong Shipping Group yesterday said the Stock Exchange of Hong Kong is likely to censure another Wah Kwong director for taking unauthorised loans from the company, the South China Morning Post reported yesterday. George
        Bloomberg Business News  -  93 words
      • Article
        Lock icon Fujitsu to buy out Taiwan venture
        58 17 AFP TOKYO Japan's Fujitsu Ltd yesterday said it plans to assume full control of its electrical equipment wholesale venture in Taiwan by acquiring the 50 per cent stake held by Tatung Co for an undisclosed sum. The takeover will be completed next month with
        AFP  -  58 words
      • Article
        Lock icon Westinghouse's 2Q profit falls 15%
        63 17 Bloomberg Business News PITTSBURGH Westinghouse Electric Corp said on Tuesday that its second-quarter profit tumbled 15 per cent. The company announced at least 740 job cuts, mostly at its electronics-systems and power-generation units. The company said its profit from operations fell to US$64 million (SsB9
        Bloomberg Business News  -  63 words
      • Article
        Lock icon Daimler forces ex-director to axe company ties
        332 17 Former finance chief resigns remaining posts after his attack on colleagues FT Reuter FRANKFURT A bitter and embarrassing controversy at Daimler-Benz led to the forced resignation on Tuesday of Gerhard Liener, the former finance director, from his remaining positions with the German industrial
        FT; Reuter  -  332 words
      • Article
        Lock icon Bass Strait oil: BHP wants to buy Esso stake?
        201 17 Reuter CANBERRA The Broken Hill Pty Ltd Co Ltd wants to take full control of the Bass Strait oil and gas fields by buying out the 50 per cent held by Esso Australia Ltd, a unit of Exxon Corp, several Australian
        Reuter  -  201 words
    • FINANCE & COMMODITIES
      • Article
        Thai rubber prices expected to get boost from new govt
        493 18  -  By Siow Li Sen SINGAPORE Thai rubber prices are expected to firm further when the newly elected Thai government implements a new rubber policy, a move keenly watched by Singapore rubber traders and dealers. Rubber prices this week recovered somewhat
        493 words
      • Article, Illustration
        Lock icon Rubber tappers join protest against France
        64 18 Reuter BRASILIA Rubber tappers from Brazil's Amazon region protesting outside the French Embassy here on Tuesday against plans by Paris to carry out nuclear tests in the South Pacific. The rubber tappers, accompanied by a representative of the environmental activist group Greenpeace, delivered to
        Reuter  -  64 words
      • Article
        Lock icon Morgan Grenfell gets new head for SEA bonds
        149 18 Bloomberg Business News HONGKONG Deutsche Morgan Grenfell, the investment banking arm of Deutsche Bank AG, has hired Colin Grassi, formerly of JP Morgan Securities, to head bond sales for South-east Asia. A Deutsche spokesman confirmed Mr Grassi's hire and said that he
        Bloomberg Business News  -  149 words
      • Article
        Lock icon HKto see first single mortgage backed issue
        153 18 KnightRidder HONGKONG Hongkong could soon see its first securitisation of a mortgage on a single building through a fiveyear, US$l29 million (S$ 180.6 million) asset-backed deal, market sources said on Tuesday. Bankers Trust and Lehman Brothers are arranging the deal, which bankers are
        Knight- Ridder  -  153 words
      • Article
        US tops insured losses from natural calamities
        272 18 SINGAPORE Asia recorded the largest number of natural disasters last year but the highest regional concentration of insured losses was in America. This was revealed in a recent issue of the Asia Insurance Review, a Singapore-based bi-monthly publication. Quoting a Munich Reinsurance report,
        272 words
      • SMALL CHANGES
        • Article
          Lock icon Recap lifts leveraged buyout activity
          109 18 Bloomberg Business News NEW YORK An accounting tactic known as recapitalisation, or recap, is driving the recent upswing in leveraged buyout activity, the Wall Street Journal reported in its "Heard on the Street" column on Tuesday. In ordinary acquisitions, the acquirer has to charge off
          Bloomberg Business News  -  109 words
        • Article
          Lock icon Thai bank cuts non-resident deposit rate
          61 18 Reuter BANGKOK Bangkok Bank has cut its non-resident baht deposit rates to 9 per cent from 10.25-12 per cent, effective Tuesday. The new single rate applies to all sizes of deposits in non-resident baht accounts. Thai Farmers Bank pic late last week cut its
          Reuter  -  61 words
        • Article
          Lock icon Banks eye Indian custodian business
          76 18 Bloomberg Business News NEW DELHI Indian and foreign banks, taking lessons from an acute shortage of custodial services last year, are going into the lucrative fee-based business of keeping investors' shares safe and providing support services. Last year, many foreign investors shied away from the
          Bloomberg Business News  -  76 words
        • Article
          Lock icon Bank of East Asia's Taiwan plan put off
          67 18 Bloomberg Business News HONGKONG Bank of East Asia's expansion in Taiwan has been delayed because it has not disclosed enough information about its shareholding structure to the Taiwan government, the Chinese-language Hongkong Economic Journal reported yesterday. The bank, based in Hongkong, has
          Bloomberg Business News  -  67 words
        • Article
          Lock icon Metrobank's notes offer approved
          67 18 Reuter MANILA The Philippine Central Bank has approved the international offering of convertible notes by Metropolitan Bank and Trust Co (Metrobank), the country's biggest private bank said yesterday. The price of the notes is expected to be announced by next week. The bank said the debt
          Reuter  -  67 words
      • Article
        Lock icon NY approves set up of exchange to allow insurers to swop risks
        411 18 NYT NEW YORK The New York state Insurance Department on Tuesday said it had approved the creation of an exchange that would allow insurance companies to reduce their exposure to huge losses by swopping blocks of policies in
        NYT  -  411 words
      • Article
        Lock icon First Pacific unit sells HK$ 300m bonds
        313 18 HK property firm's bonds convertible into shares only if it goes public Bloomberg Business News HONGKONG First Pacific Davies Ltd, the Hongkong property services subsidiary of Indonesian controlled First Pacific Company, is selling bonds that will be convertible into shares only if the
        Bloomberg Business News  -  313 words
      • Article
        Lock icon Oil price moves up a gear on US demand as lows recede
        289 18 Reuter LONDON A tentative rally in oil prices stepped up a gear as the market said goodbye to a year low set on Monday. Sharply higher demand for crude in the US shown in weekly industry data released
        Reuter  -  289 words
      • Article
        Lock icon LONDON
        199 18 AP Reuter LONDON The US dollar was down against all major currencies except for the yen at the end of trading yesterday. US dollar rates compared with late Tuesday: 1.3879 German marks, down from 1.3949; 87.90 Japanese yen, up from 87.85; 1.1520 Swiss francs, down from 1.1585; and 4.8127
        AP; Reuter  -  199 words
      • Article
        Lock icon NEW YORK
        93 18 AFP NEW YORK The US dollar fell slightly against other major currencies yesterday on a quiet market dominated by cross-trading in the absence of new government statistics. At 9:45 am (1345 GMT), the US dollar was trading at 1.3890 German marks, down from 1.3895 marks on Tuesday evening
        AFP  -  93 words
      • Article, Illustration
        Untitled
        1208 18 Irode-Kvtfhifd index cakvlaHxt attains S port i lop 14 trathnit partnm Base war 198!! USS/SS forward rates Noon Jul 26 s$ M Oto 1-month 1.3949 1 3964 2-month 1.3927 1.3942 3-month 1.3902 1 )917 6-<non(h 1.3*27 1.3147 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m M
        1,208 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen up sharply on rate cut hopes
        1377 19 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures contract closed higher, spurred by speculation that the Bank of Japan might soon cut its discount rates, dealers said. The March Euroyen contracts managed to hold onto gains despite Japan s Ministry of Finance and the
        Reuter  -  1,377 words
      • Article
        Short-covering lifts palm oil futures
        677 19 COMMODITY REPORTS Palm Oil Kuala Lumpur Crude palm oil physicals ended higher here yesterday following the encouraging export figures for July by private cargo surveyor Caleb Brett, a dealer said. Mr Brett estimated that palm oil export for July would be 523,000 tonnes compared to
        677 words
      • KNIGHT – RIDDEA COMMODITY SUMMARY
        • Article
          Coffee group to limit supply
          63 19 NEW YORK The Association of Coffee Producing Countries agreed on Tuesday to limit worjd cofTee supplies to 60.4 million 60-kg bags in 1995-% (July-June). The sticking point was whether South-east Asian and West African producers would join the export limitation programme. Africa and Asia agreed
          63 words
        • Article
          Japanese group blasts pact
          51 19 TOKYO The All-Japan Coffee Association strongly criticised the coffee producers' agreement as veering from their responsibility to ensure stable supplies. An association official said if the agreement reached on Tuesday in New York takes effect, roasters in Japan will be forced to take some kind of
          51 words
        • Article
          Malaysia cocoa exports down
          54 19 SINGAPORE Malaysia's April-June cocoa exports were 20,063 tonnes compared with 26,165 tonnes a year earlier, the Malaysia Cocoa Board said. The export decline was due to a fall in output and good demand from the local grinding industry, it said. It put the country's optimum grinding
          54 words
        • Article
          Taiwan palladium demand
          60 19 TOKYO Taiwan's demand for palladium has only marginally improved despite government data showing a huge increase in imports of the white metal in the first five months of the year, dealers say. Taiwan imported 3.13 tonnes of palladium in the Jan-May 1995 period, compared with slightly less
          60 words
        • Article
          Nymex sets spot month margins
          50 19 NEW YORK Nymex has set spot month assessments on its Comex division August copper futures contract, which will take effect from the close of business today. For hedge and clearingmembers positions, the assessment will be USSI,OOO and for speculative positions, the assessment will be U551,350.
          50 words
    • Article
      COMMODITY PRICES
      1435 19 SJCOM Futures RnMar (latum cWsing as at 5.3tpa0 RSS 1 Caatract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 95 183.00 178.00 178.00 225 425 Sep 176.00 325 2000 Oct 178 50 173.50 174.00 325 2100 Nov 180.50 173.50 174.00 425 2125 Dec 178.50
      1,435 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        909 20 +16.8 SHARE prices closed 0.8 per cent firmer at a 16-month high yesterday following a positive performance on Wall Street and rising share price index futures. A broker said the release of worse-than-expected consumer price index data failed to impede the rally. The All Ordinaries Index rose 16.8 points
        909 words
      • Article
        Manila
        520 20 •2.08 Philippine share prices fell 0.1 per cent as investors stayed on the sidelines, positioning their funds for aq upcoming property issue next week. "The market is waiting for the listing of Camella and Palmera Homes next week, probably the largest IPO this year,** said an analyst. The PSE
        520 words
      • Article
        Taipei
        531 20 +6.90 Taiwan stocks reversed early sharp falls to finish slightly higher on hopes that a presidential office news conference yesterday may come out with government comments to ease recent tensions with China. "Tomorrow's market will depend on the result of the news conference," said an analyst. The Weighted Price
        531 words
      • Article
        Sqoul
        395 20 •7.50 Stocks closed flat after quiet trading, as the decline in liquidity and energy in the market continued. This could break, at least temporarily, next week when news of corporate first half results begin to spread, brokers said. "There just isn't any fresh news right now to spark the
        395 words
      • Article
        New Zealand
        249 20 -7.36 Shares reversed their earlier gains to end modestly lower on moderate turnover. The NZSE-40 Capital Index ended 7.36 points down at 2,118.98 on turnover worth NZS4O.6 million. An analyst said it was a disappointing day given the early, Wall Street-inspired strength. "As the afternoon progressed it weakened
        249 words
      • Article
        Bombay
        84 20 +15.34 Blue chips on the Bombay Stock Exchange erased early gains to finish steady as funds and speculators booked profits, brokers said. BSE's 30-share Index touched a high of 3,595.55 but fell back to close at a provisional 3,554.89, up 15.34 points from Tuesday. The National Index gained 19.69
        84 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        536 20 Britannia Funds Steriiag CMfc BU Ofcr Mim Cap DepoM 34.4400 *****0 Mm knei u5 ***** 0.1992 Mm MUIkok ****** ****** USS Cm* Income PWs Fund ia«JOO 11.0100 Ki Racrx F.nd J.JJOO 5 5400 ***** 0.49 31 Far EM Fund •2.7430 ****** Mm Portfolio 2j03I0 2.1940 UK Growtk Fund 3.3100 *****
        536 words
      • Article
        London
        614 20 +21.4 UK BLUE chips closed higher, helped by an overall encouraging corporate earnings picture, firmer gilts and a ***** Wall Street. The upward move was further assisted by a continuing lack of selling interest, dealers said. The FTSE-100 gained 21.4 points at 3,454.3 with short-term resistance seen at around
        614 words
      • Article
        Paris
        121 20 +1.19 French shares were roughly unchanged at the close after an early slide on Wall Street prompted investors to take profits on the Paris bourse, dealers said. The CAC-40 Index closed up 1.19, or 0.06 per cent, at 1,942.53. It had touched a session high of 1,955.47. Of the
        121 words
      • Article
        Frankfurt
        204 20 +5.51 German shares were mixed in after-hours electronic trading as stable consumer prices boosted hopes for cuts in German rate cuts. The Dax Ibis Index of 30 major stocks rose 5.51 points, or 0.25 per cent, to close at 2,237.74, pulled up by shares of Deutsche Bank AG, Veba
        204 words
      • Article
        Brussels
        163 20 +9.45 A sizzling performance by usually sedate oil firm Petrofina catapulted Belgian shares to a 0.64 per cent higher close amid hopes of further gains in the near future, dealers said. Market sentiment turned for the better after Wall Street's surprise 45-point surge on Tuesday and the Bel-20 Index
        163 words
      • Article
        Amsterdam
        274 20 1.68 Dutch shares finished at a record high for the third straight session, climbing in reaction to Tuesday's 46point jump on Wall Street. A firmer US dollar and Dutch bond market gave support but yesterday's modest turnaround in the Dow brought the AEX back from session highs. "Nobody's disappointed
        274 words
      • Article
        Milan
        120 20 +65 Milan bourse ended firm with volume described as reasonable and action concentrated on industrial stocks. Traders said selling set in towards end of session as both domestic investors and foreigners took short-term profits on recent gains. The Mibtel Index closed 65 points higher at 10,267. The blue-chip Mib3o
        120 words
      • Article
        Stockholm
        125 20 +11.05 Swedish stocks rose for the third day running, with rising European bourses and gains in New York supporting the market despite Ericsson's stumble, brokers said. The benchmark OMX Index of 30 leading stocks rose 0.82 per cent or 11.05 points to 1,358.05 on turnover of two billion crowns.
        125 words
      • Article
        Zurich
        220 20 -6.1 Swiss shares ended quietly easier as the market consolidated in lacklustre trade. Domestic investors were mostly absent, dealers said. The blue chip Swiss Market Index closed down 6.1 to 2,827.1, still in range. The Broad SPI was down 1.75 points to 1,871.53. ÜBS bearers, down 12 francs to
        220 words
      • Article
        Johannesburg
        368 20 -20.2 South African shares continued downward to the close as a mood of indifference weighed on the market, dealers said. A dealer said the stronger rand and a sloppy bullion price were offering more direction than Wall Street's overnight call for industrial shares to move better. "Its an indifferent
        368 words
      • Article
        Toronto
        253 20 •1.2 Stocks dipped in mid-morn-ing trading after opening higher, as watchers gave mixed reviews to yesterday's trading. The TSE-300 Index slid 1.2 points to 4,618 on volume of 15.59 million with a value of Cs2oo million. "The market... is still kind of flat," one trader said. "Still waiting for
        253 words
      • Article
        New York
        611 20 +0.36 Stocks were marginally higher in active trading early yesterday as weakness in bonds and some blue chips weighed on the market. The Dow Jones Industrial Average, which leaped 45.78 points on Tuesday, was ahead 0.36 point to 4,714.81 at 11 am EDT burdened by big losses in
        611 words
    • Article, Illustration
      Lock icon HONGKONG
      2454 21 Reuter HONGKONG Stocks finished marginally lower with the main index fluctuating within a 130point range in quiet trading, brokers said. The Hang Seng Index inched down 4.15 points to end at 9,354.95, after moving between 9,454.94 and 9,316.92. Turnover slipped to HKS3.O2 billion from HKJ3.26 billion on Tuesday. "Its
      Reuter; Source: Bridge Info  -  2,454 words
    • Article, Illustration
      Lock icon CHINA
      575 21 CLSA IN Hongkong, the H share market firmed 1.4 per cent on improved turnover of US$l2 million. The CLSA Hongkong H Index closed at Tl 62.69, up 15.89 points. Qingling Motors was most heavily traded, ending O.S per cent higher. Jilin Chemical rose 6 per cent in active trading,
      CLSA  -  575 words
    • Article, Illustration
      Lock icon TOKYO
      2515 21 Bloomberg Business News TOKYO Stocks rebounded from a 2.5 per cent plunge on Tuesday and rose on optimism linked to a weaker yen and hopes that the Bank of Japan will cut interest rates, traders said. Spurred by a last minute gain in futures prices, the benchmark Nikkei 225
      Bloomberg Business News; Source: Bridge Info  -  2,515 words
    • Article, Illustration
      Lock icon BANGKOK
      1426 21 Reuter BANGKOK Thai stocks ended sharply higher on a late rally fuelled by buying of finance and communications shares, brokers said. An analyst at a foreign brokerage house said overnight Wall Street gains and some easing of domestic political uncertainty sparked investor buying. The SET Index closed 1.47 per
      Reuter; Source: Bridge Info  -  1,426 words
    • Article, Illustration
      Lock icon JAKARTA
      1179 21 Reuter JAKARTA Shares prices ended higher in moderate trading, following an adjustment of the index. The Composite Index rose one point to close at 509.95. It had earlier closed temporarily at 503.09. The adjustment, an hour after the market closed, followed the adjustment of the rights issue of Semen
      Reuter; Source: Bridge Info  -  1,179 words
    • Article
      CLOB INTERNATIONAL
      2095 22 Gf Cr IMS Laa» V«l Day Last Qmm Dt* W» VM Nn M Cm Hick Lot Caapaa; S«k OW) Hick Law Bayer Selkr Or P/E Ml MALAYSIAN STOCKS 471 196 m ABB 50c 382 -4 305 394 382 382 384 30 2.9 0.2 3918 127 77.J m AMDS
      2,095 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Farlim dominates market in impressive debut
        6776 22 Reuter AFP KUALA LUMPUR Falls in key blue chip stocks dragged the market index lower at the close as the day's trading was dominated by an impntissive debut of property developer Farlim Group, brokers said. The KLSE Composite Index ended down 4.61 points at
        Reuter; AFP; Source: Bridge Info  -  6,776 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8371 23 I99S Lm Vel Day UK Qmm Dk H> VH M Cm A* High Law Cw»H) Sat, (tM) Hick Lew Buyer SeHar C*r P/E ta>0 Prku ihpottmal and commercial 498 3*2 mi > Aetna 50c 462 +6 1127 464 436 4«0 462 22.5 II 2.4 9.7 6319 4J7 430 430 I
        8,371 words
      • Article, Illustration
        Lock icon Index almost stagnant as buying interest peters out
        1839 24  -  By R Sivanithy SINGAPORE Local stocks opened strongly yesterday in response to an overnight rally in New York, but withered later in the day as buying interest fizzled out. At the same time, the corporate rumours that have propelled second-liners lately died
        Source: Bridge Info; Source: Bloomberg  -  1,839 words
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      863 15 NEWS VALUE Qaak and partaais plan Asl.lb bidfsr Pac Map aatt (pg 1) This will put Ng Teng Fong in the shadows in the tussle for Yeo Hiap Seng. Priba* inifi at laryast Amcol sharohaMar with 15.7% ataka (pg 1) Speculative interest in the stock expected to cool a bit
      863 words
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      265 16 Fine Wine Facts Chateau/ A tiny Chateau in Pomerol, equivalent in quality to the Fust Growth Chateaux of the Medoc. The wine is one of the greatest in Bordeaux and one of the most difficult to find, producing just 1000 cases per year. For decades sisters Marie and Therese made
      265 words
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      46 16 I Ming Garden Health Centre Enjoy an invigorating massage V by our specially trained and I- J Well equipped gymnasium Massage rooms with attached Orchard Parade Hotel 1 Tanglin Road, #06-00 Singapore 1024 Tel: 732 1238 732 2746 (Outside CBD) Business Hours: 10:30 am -'11:30pm Daily
      46 words
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      Page 16 Advertisements Column 3
      62 16 FOR SALE Enbloc sale of 16-unit apartment at Jalan Skudai, JB. The Freehold Property with panoramic straits view has planning permission for redevelopment. Asking Price RM 13 million 5-acre Commercial Freehold (adjoining the Bukit Mewah Complex, JB). Suitable for Superstore, Mixed Commercial Development or Medical Centre. Asking Price RM 200
      62 words
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      174 17 Featuring a panel of fpeaken from leading finns: LLOYD WISE KHATTAR WONG PARTNERS INVEIECH (ASIA) SENBHD •MARGOUS ASSOCIATES ARTHUR LOKE PARTNERS DAVID CHONG CO. •CHAN&RAVINDRAN* TAN GEOKSER&CO. ALB AN TAY MAHTANI DB SUVA* ONG TAN NAIR KWEK Update on "The New Singßpore Patents Act *Copyrighti and Industrial Designs Trademarks and
      174 words
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      183 17 AUSTRALIAN HOTEL FOR SALE RADISSON ROYAL PALMS RESORT, PORT DOUGLAS GATEWAY TO THE GREAT BARRIER REEF Situated in tropical North Queensland only 62 kilometres north of Cairns International Airport, Australia's major northern gateway, the Radisson Royal Palms is a very profitable, modern, low-rise, tropical style 3'A star resort hotel featuring
      183 words
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      24 18 -or further Information on which newsstands cany Her World. Go. Singapore Business, Home Decor, Young Psrents, please cal our Customer Services Section on 1800-749-2577.
      24 words
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      215 19 Just Published July 1995 By Gob Kheng Chuan The aim of this book is to show creditors how to recover bad dobts. It includos an overview off tho proceedings off bankruptcy based on tho new Bankruptcy Act 1995. which cams into effect on 15th July 1995. A creditor will need
      215 words
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      20 19 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words
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      60 22 SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel. *****20 Lucky Plaza Tel. *****62 Scotts Tel. *****27 Centrepolnt Tel. *****98 Peninsula Plaza Tel. *****09 Raffles Hotel Tel *****41* World Trade Centre Te< 27 ***** Changi Airport Terminal 1 (West Wing) Tel *****60 Terminal 2 (South Wing) Tel *****81 MALAYSIA THE HOUR
      60 words
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      64 23 HERMES Sole Agent: DICKSON WATCH JEWELLERY (S) PTE LTD JL P A D T Q 1 A owned subs<Wy of &CKSON CONCEPTS (INTERNATKDNAL) UMJTEO) WM -f X\k. X O Available at: I DICKSON WATCH A JEWELLERY: THE PROMENADE 300 Orchard Road *01-03 Singapore 0923 Tel: *****00 (H CENTREPOINT-176 Orchard Road
      64 words
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      869 24 /@';?{$[.'^;>`(`@?;?'-:$|&!>|}> ■N THE MATTn OP THE COMPANIES ACT, CAP. M AND IN THE MATTER OP WYLIE INTERNATIONAL CO PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) Al an Extraordinary General Meeting of the Members of WYLIE INTERNATIONAL CO PTE LTD duly convened tad held at 140 Rotxaaoa Road #04-02, Chow House. Singapore 0106
      869 words
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      Page 24 Advertisements Column 2
      314 24 tkigapora Closing Share PrfoM 26/07/IM6 CLOM PVW LOW MM 7JW 7JW ss a Ortill Ml IN Ml S.M mti Ml urn Ml Lm* IM I.M IMI IjM ■■■<■111 OrtMW 141 Ml IjM IJH ln>ilWwl»fcillll-- Ml Ml Ml Ml Pubtwhed by Janftne naming international Securities Umited (Incorporated in Brtah \rtrgm island)
      314 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      521 25 Knight-Ridder Reuter THE bulk of Panamax activity was again in the east although a few ships were reported fixed in the Atlantic, brokers said. Both capesize and handy-handymax trading was sluggish. PANAMAXES: Interoceanbulk booked the 64,096-deadweight-tonne, 1985-built Delphic Pride for 4 to 6 months' trading with early-August delivery
      Knight-Ridder; Reuter  -  521 words
    • Article
      MARITIME STOCKS
      321 25 SES '000 Jul 26 S$ Vol CWT Distribution 1.70 +0.01 35 Chuan Hup Holdings 1.23 -0.03 121 Cosco Investment 1.92 -0.03 101 Cosco Investment A 1.74 Far East Lcvingston 7.05 +0.05 425 GB Holdings Ltd 0.815 -0.005 29 Hai Sun Hup Group 0.% -0.005 255 Hitachi Zosen Sing
      321 words
    • Article, Illustration
      Lock icon Sharp drop in number of tanker spills since '70s
      464 25  -  By Alec Almazan SINGAPORE There has been a dramatic drop in the number and volume of tanker spills since the *****, a recent report by the International Tanker Owners Pollution Federation (ITOPF) revealed. The federation, which has maintained a database of
      Source: ITOPF  -  464 words
    • Article, Illustration
      Lock icon S Korea seeking compensation for oil spill
      275 25 AFP Reuter SEOUL South Korea yesterday asked the International Oil 'Pollution Compensation (lOPQ fund to make up for damage caused by an oil spill from a Cyprus-registered tanker grounded off the south coast. The lOPC fund has dispatched an expert to surrey the
      AFP; Reuter  -  275 words
    • Article
      Lock icon Japan fleet down to zero by 2000?
      124 25 Reuter TOKYO The number of Japanese-flagged long-haul ships may drop to nearly zero by the turn of the century if their competitiveness remains depressed by the strong yen, the Japan Shipowners' Association said. "We would like to own vessels flying the Japanese flag,
      Reuter  -  124 words
    • Article
      Thoresen Thai gets timely boost for its coming listing
      445 25  -  From Alan Boyd in BANGKOK THORESEN Thai's initial public shares offering has been over-subscribed by both offshore and local investors, providing a timely boost for the shipping agency's stock market listing in September. The Norwegian-owned agency said demand for the 1.8
      445 words
    • Article
      Lock icon State-owned Indonesian shipyard wins foreign orders
      168 25 Reuter JAKARTA State-owned Indonesian shipbuilder PT Dok Dan Perkapalan Kodja Bahari has won orders to build ships from Germany, Sweden, the Netherlands and Iran, a newspaper report said yesterday. The Jakarta Post quoted company director Asharsono as saying Germany had ordered five liquefied natural
      Reuter  -  168 words
    • Article
      Lock icon Laem Chabang terminal bid
      73 25 Knight-Ridder BANGKOK The winner of a bid to design, build and manage the fifth terminal of Thailand's Laem Chabang deep sea port will be announced on Sep 5, a Port Authority of Thailand ofTicial said yesterday. The successful bidder is expected to finish construction of the
      Knight-Ridder  -  73 words
    • Article
      Lock icon IMO warns of rising cases of piracy
      274 25 Knight-Ridder LONDON The International Maritime Organisation (IMO) has issued a warning to its members about the growing threat and changing patterns of piracy. IMO secretary-general William O'Neil expressed concern that the acts of piracy and armed robbery against ships have increased in number
      Knight-Ridder  -  274 words
    • Article
      KL firm Zetavest eyes Sihanoukville project
      231 25 KUALA LUMPUR Port services company Zetavest Sdn Bhd is keen to participate in the development and operation of Sihanoukville port in Cambodia. This was disclosed by Zetavest. chairman Ahmad Sabki Jahidin in Kuala Lumpur recently. He was speaking at Kuala Lumpur international airport, after
      231 words
    • Article
      Lock icon Row over undersea treasure trove between Tokyo, Americans
      398 25 Reuter LONDON A rusting Japanese submarine carrying a fabulous treasure in gold has caused a row between Tokyo and the Americans who discovered it half a century after a US torpedo consigned it to the deep. The giant I-S2 vessel sank in
      Reuter  -  398 words
    • Article, Illustration
      Lock icon Shipbrokers searching for a fair deal
      1022 26  -  Many are finding it more difficult to collect their commissions, Kathleen Emond reports Kathleen Emond Fairplay HIPBROKERS provide an undeniably vital service to the k shipping industry, r~i ensuring that ships are either trading or changing (lands, earning money for all concerned. Yet despite
      Fairplay  -  1,022 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      323 26 P*e •ANL 3 Abie 7 Accord 10 •Ahlcrs 6 •Ahrenkid 4 •Appenship 4 Astro 10 Austral II Avant 6 BSA II Batamindo 7 Bright Express 6 •CCNI 4 •CM A II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •C
      323 words
    • Article
      THE SHIPPING GUIDE
      11329 32 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed bv the ETA at the destination. The Dace number refers to the location of the schedule advertisement n TO Ml ■•ill Vaaaal H I to SSbmSSmhmSSSSLhhmmSShmhmmmhmmJSmhmmmSSmI SSLa 1 04/0 A
      11,329 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        495 37 VmmI ivy No Berth Arrival Dapariare 1 SUmgNrt Dwi Daya 12/3 alongsrie 27.07/2300 Fordham 8/9 alongsrie 27.07/1300 tag Be 07/07/95 J10/11 afongyde 27.07/2300 S Hondo J1 alongsrie 27.07/1300 Marco Poto 6/B 08/95 13 alongsrie 27.07/1930 Santa Eiwto 280UT J10 alongsrie 27.07/1800 (BT) Afnzal 3/95 J1 27.07/1330 29.07/1330
        495 words
      • Article
        CONTAINER SCHEDULES
        1662 37 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Itecard Boafciig/Balanct tots S*> Xty lh Etb/Btr HM ftm Tt Fww Aa lade 2488 28/1100 2B 26/1/00 27/0659 27/0900 4 27/1200 27/1459 27/1700 Ac Lotus 0676 29/1100 2A 26/1700 27/0659 27/0900 26 26/1700 27/0659 27/0900 3 27/0700 27/1159 27/1400 4
        1,662 words
      • Article
        COCKETT BUNKER MARKET REPORT
        943 37 THIS 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 the individual
        943 words
    • Air & Land Transport News
      • Article
        US$2b Boeing order points to recovery for plane makers
        405 38  -  By Alec Almazan SINGAPORE International Lease Finance Corp (ILFC) has placed a U552.25 billion (SS3.I billion) order for 54 Boeing 737 jets, in a deal that signals a recovery for commercial jet manufacturers. The order by ILFC, the world's second largest
        405 words
      • Article
        Lock icon US-Japan air cargo pact good for Subic: Ramos
        174 38 AFP MANILA President Fidel Ramos yesterday hailed the settlement of a long-running US-Japan air cargo dispute, saying it would boost the bid by Subic Bay, a former US naval base in the northern Philippines, to become a regional cargo hub. Under the
        AFP  -  174 words
      • Article
        Lock icon Canadian Airlines losing to Air Canada
        182 38 Reuter CALGARY Canadian Airlines Corp is losing its market battle with Air Canada, with the survival of Canada's second biggest airline again being called into question, analysts say. "I wouldn't be jumping on the stock right now it's very speculative," said Brian Trenholm, airline
        Reuter  -  182 words
      • Article, Illustration
        Lock icon Branson plans balloon trip round the world
        51 38 AFP LONDON Virgin Airways boss Richard Branson (right) and balloonist Per Lindstrand on Tuesday announced their plan to travel non-stop around the world in a hot air balloon. They plan to take off on the 20,000 km trip sometime between November and January.
        AFP  -  51 words
      • Article
        Lock icon China's car demand forecast to grow 8%
        203 38 Reuter BEIJING China's car demand will grow by an annual average of 8-9 per cent over the next 15 years, with passenger cars accounting for 64-68 per cent of total output, up from 52-53 per cent, a senior industry official said. As China's
        Reuter  -  203 words
      • Article
        Lock icon Toyota steps up price war in Australia
        170 38 UPI SYDNEY Australian car market leader Toyota has stepped up the discount war on its Australian-made four-cylin-der models with official price cuts of between A 5666 (SS6BS) and AS 1,628, plus millions of dollars in incentive payments to dealers. The move is designed
        UPI  -  170 words
      • Article
        Lock icon Labour neutral on Heathrow's new terminal
        211 38 Reuter LONDON British airports operator BAA pic said the UK opposition Labour Party has given an assurance it will remain neutral on the issue of whether a fifth passenger terminal can be built at London Heathrow. Labour leader Tony Blaii said in a letter
        Reuter  -  211 words
      • Article
        Lock icon Car sales in Malaysia up 65% in first half
        316 38 AFP KUALA LUMPUR Vehicle sales in Peninsular Malaysia lose 58.8 per cent year-on-year in the six months to June, with passenger car sales enjoying a laiger growth of 65.2 per cent, reports said yesterday. Passenger car sales rose to 99,628 units
        AFP  -  316 words
      • Article
        Lock icon US car makers keen on producing in M'sia
        202 38 Bernama KIfALA LUMPUR Apart from the French and Australians, American car manufacturers have expressed interest in producing cars in Malaysia, says the managing director of Perusahaan Otomobil Nasional Bhd (Proton). The tremendous success of the car industry in Malaysia has prompted new
        Bernama  -  202 words
      • Article
        Lock icon Asia's Rolls-Royce romance
        131 38 Bloomberg Business News HONGKONG Asia's demand for Rolls-Royce cars made by the UK company Vickers Pic is expected to double in five years, the Chinese language Hongkong Economic Journal reported. Nigel Cornelius, an executive director in Hongkong, said car sales to Asia have been fiat so far
        Bloomberg Business News  -  131 words
      • Article
        Korean Air flies to Washington DC
        111 38 SINGAPORE Korean Air was set to begin service to Washington DCs Dulles International Airport yesterday, giving it more North American gateways than any other Asian airline. Korean Air will also be the only airline to offer direct flights from Seoul to the US capital.
        111 words
      • Article
        Egyptair orders three A340s
        101 38 SINGAPORE Egyptair has ordered three Airbus Industrie four-engined A340-200s and taken options on two more. This brings firm orders for this family of aircraft to 262. Deliveries to Egyptair will begin at the end of next year. The airline plans to use the A34os to open
        101 words
      • Article
        HK drops plan to treble tolls
        110 38 HONGKONG The government yesterday scrapped proposals to treble tolls for the two tunnels connecting Hongkong Island and Kowloon because of public opposition, the South China Morning Post reported. The Executive Council decided that traffic congestion has stabilised enough to avoid raising tolls for the
        110 words
      • Article
        Lock icon Air NZ's pact with S African Air
        124 38 AP WELLINGTON South African Airways and Air New Zealand have agreed to cooperate on developing routes and business between South Africa, New Zealand and Australia, Air New Zealand said. The airlines announced their new relationship and a new bilateral fares package at a
        AP  -  124 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1500 38 AIRCRAFT ARRIVALS DEPARTURES atp rmi_ n» no n» Ma MmM GA895 0050 GA985 1215 GA975 1336 ***** 1508 MataM* QF061 1930 QF082 2055 fnaom DmMM KL843 0455 KLB38 2300 SQ025 0650 SQ026 2355 GA975 1335 IU3T 1480 tmtm SQ347 0665 kmMmi SQ286 3040 SQ2B» 2045 I %m\ k|M BM21 1105
        1,500 words
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      1152 26 I OTHgft DESTINATION* H i NORTH AttEMCA 1 •PWECT CALL TO OCX) WEST COAST Of CBMTRAL AMfWCA (MABQAfUTA SERVICE) I SWQAPORH CAUFOWA EXPRESS fIMRECT FROM WWT OOAtT) vesa |wr|n*v|n»*| u|om*a su o*l hok oic wr «na>arr vnsa vot mi wt mmmus vvcow a*nu m rmiMii i«mi u m/vm/mivJti/v nm mm
      1,152 words
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      Page 26 Advertisements Column 2
      202 26 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National VOSSmJ) Shipping Association. xj-Bg/ For advertising enquiries, contact Shipping Times. Tel 740-2089 Mggg PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday Businesslimes WORLD MAX SLD MPT Rdmo*a*JM4anlas I
      202 words
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      820 27 WHOLESALE CENTRE, BLOCK 1. #03-10 SINGAPORE 0611 TIL: ******5 (12 UNCS) FAX: *****16/*****2# TLX: W*****0/***** F66MIP rasa voy win sunt kstiution sun iff m Mi am ruit/MMMK ■eomii w 07/w MI frnrnm MEL l|/K M KM «nUI/P»OAM6 OKfSIUM 5/W 21/07 30/07 JOM6/MMK SftfHMA IW own OWI GtIiSUUM i/K 14/W l*/M
      820 words
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      Page 27 Advertisements Column 2
      1320 27 PAQRC SOUTH WBT EXPtESS (WKECT) iVßsa voy am latiN u» oa« I 01 I mbi 001 I wou I wrc I mom I m I ■W IMIIf I BS 27/17 I N/67 13/11 is/66 I IA/N I 17/N I 17/N I U/N I IMS [21/N I B/66 I MUGAJCIVKjqtY iIA
      1,320 words
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      Page 27 Advertisements Column 3
      753 27 (g) HANJIN SHIPPING 111 VIM ffiia IHWYBOJ TYI IMI Iwwwa ww |at iw-wa ww s» n mmmm h—i jaJjSIEBC«" tm n/w WKT »m am nm tm w/w h—mw g iy/w IHWI—t IMS U/W gw U/W >1/W «/W mmWKM WM 111/WIMJ6H ca 14/W ]M> 351 HW H —CT WiT w——i iv
      753 words
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      Page 28 Advertisements Column 1
      638 28 ;«'«ssa VOT HAM rDMI AMI Utt STW MHAN6 SW H ttO IN SH W K ifWßcusaaress 5/45" \n M wt s/7 4/7 Wi op vp ji£ —U_ HM—BEWBS C/B7 5/7 Ifl kfl W M !J 135 l£_ wi Vi Vi wr\ur~ 30/7 iSrrjSZ_lLjs:_ H>mxßEggss vrm \in )V7 <3/7 it/7 m
      638 words
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      Page 28 Advertisements Column 2
      1292 28 NORASIA VESKL VOY SM ALO LAS BCL VAL HAM MM HOT ANT ML IMA SEAMTMTM C3M M M tW M 27M 29M 27M VM IM M Ml MOM MALTA 9831-3 MMMe«IWMIWMiMMI7« NOR KB. 9832-3 KM Ml MM MM 1M 19M 11M 11M 12M 13M MM SL VALUE SMW 3MI IMI
      1,292 words
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      Page 28 Advertisements Column 3
      537 28 JAPAN/HONOKONO/STRAITS REOULAR SCRVtCC LOADING FOR PORT KLANO/PENANO fftm I VOY I STORE I FBUOAM |FM in .M i gwswi i su> mpt a7i~ suwmoht m tut MPT TAMJUM6 FMOt 2 gig tl AM < kubwb zsjul mpt 27JUL mom** quay* a mpt a jul 1 SHMHYUM 1 >1 JUL MAM
      537 words
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      Page 29 Advertisements Column 1
      1076 29 VTBVSTRAITS SHIPPING PTE LTD mmma HllNCliaHMailll-lll^tTmrt ggpw Ttl: *****88 F«: *****17 ftCttPW wr vi mia i m»"■ is mw ww/ «*u &gar-% CJMRSARM MM MOTiMXX CT-MM SJM »M J. 1 1 1 yiiTOnnmi W» mm itn.iAn mm«*m mam »*m CJNMAH MR Mm, IM, K M6M7ta| MM| MA* MBMZ m WKmnon
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      Page 29 Advertisements Column 2
      1725 29 |lHj|yl* (Singapore Agendcs) Ptc Ltd HA i4St\/ \jUlll4l I I ICIiS It Hoc CMaag Road, #97-91 Keppel Towen, Singapore I2M First Class Connections WORLDWIDE i* as n» T «to rs ***** fnocsf fm= m ssnmi -an I CK piinbcr *****9 IOOOOZ L ■MMMff 7 import I 1 1 I vbsbbl
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      Page 29 Advertisements Column 3
      373 29 I orooiM wo. m jSTibTmb mm m b wi wi mb§ «mj MBMMM MT M 7 MB|Z7MB ItM OM MM OM Ml 1M «M M|[ MMNMBIMBO ZM7 17M7 M|MW| MM MM MB WW MM MM MM MW II MMBI BM7 MB IVBIBMM IBM OM BM 11M MM MM MM MM
      373 words
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      Page 30 Advertisements Column 1
      1053 30 Up mm hm tnp anw lhv uw mw w m mm n mp E. REACH RVHM4 2*7 IM M/M 2M 1M 2M EHOKK-M 4/7 7/7 *7 1/7 1/7 1* M LMHMtMHM M M 171 M M M I. MATHER RE-MM I*7 IV7 11/7 14/7 12/7 H 1M LBUMS 1U VI
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      Page 30 Advertisements Column 2
      508 30 wm m wm m Br m m 52. Sfi I*S HM MM MM MM IMi H mm mm mm mm !tm £5 mm SX I b u n 'Hf" ,H IT Hn"" I M.wmain«ni.—owm—<w MMtcanmrmmao 22" S MMM UMI Um TAIWW MBHWj# nm HM B 25 M MI am I
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      Page 30 Advertisements Column 3
      376 30 U TEL: *****33 (12 UNO) FAX: *****18/*****09 TBJEX: R8 ***** MBMP P Uhm) CW WO: **********06 ACCEPTING FCL AND CONVENTIONAL psr-i «ta sage j* 44WW tMP II I. Jl■ iT r Abyot 41WB am SSlfeMiE? FULLY CONTAINERISED REGULAR LINER SERVICE 1 ACCEPTING BOTH FCL/LCL ALSO BOSOC |»aw| F.laaJ—ftaal J6 lII—
      376 words
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      Page 31 Advertisements Column 1
      1734 31 WST^SWSWW^SW^^^ a^H cftAST saßTi AimcA Sitt" £^'»~f r r-^'Bsgg- H|^|||^|^^|JJ|^^QfQ^^^|J^JU^^QQQQ|||^|||||||o||Pl|||||||||||H|||||||||||||^Plil|^^ Htt SIM XM OAL QM W1 If! <WM[ Mi Hi 9M MB H^~~ MHMIWi MP HVC Ml CM HEJHE/01W 2&Q7 OWM 2&06 ?£o6 OVO."" 0?06 SHUN t€/Oil 3 2Q<O7 ZMO 2M7 'SSXSST S£ 2S SS m SK <£3 f": os
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      Page 31 Advertisements Column 2
      543 31 (ft FAMOUS CONTAINER UNES 80 ROBMSON ROAD, *22-02 SINGAPORE 0106 HOT UNE: *****33 (30 UNES) GOTHENBURG/SCAN 30/07 ROTTERDAM 31/07 AARHUS/COPEMHAGEN 30/07 HAMBURG/BREMEN 20/07 MARSEILLE/FRANCE 03/0S FBJXBTOWE/UK 31/07 BARCELONA/SPAIN 02/08 LEHAVRE/FRAHCS 28/07 GENOA/ITALY 29/07 AHTWERPfIIELGIUM 28/0? LOS AWGELES/WC/IPI 28/07 SYDNEY/MELBOURNE 30/07 HEW YORK/EC 28/07 AUCKLAHD/WEUJNGTOK/WZ 30/07 VANCOUVER 28/07 BRISBANE 28/07 TORONTOjMONTOEAL
      543 words
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      Page 34 Advertisements Column 1
      887 34 VOY SW i JKT I [vessel VOY ww 0000 EASY* OSS ~Fti I 28/07 Tim I 01/08 OUWU 511Z 15!— ■i^nsEvoy MN bkk «g°° 7ZZ «1» gg_ »w mww Ite YTH*P"VW JSS TTT» WYT TNANA BHUM~ 130N Man 31/07 «M 02/06 H yamtwabhum MN Thu Jfcs_ wAMABHUM 18 Mao. J3/22—
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      Page 34 Advertisements Column 2
      750 34 79 ANSON ROAD, *21-01, CR **********0N POUT KLAMO PCHAHO mm wt i wu. mm wr m SEA LAUREL 406W 2707 THU 26W7FRI XOUR JAY A ***** 2707 THU FAGLEMOOW QQ4A 2707 THU 2907 SAT LHOTSE SQfi 3M7SUH fflfflßMnH FARO ***** 2607FR1 3007 SUW XOUR STORE ***** 03Q6THU OMgSAT SEAIAUHa 409W
      750 words
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      Page 35 Advertisements Column 1
      577 35 i BSA iiTI M MYANMA W&k FIVE STAB LINE (Myanmar National Uno) \W Loading lor Yanioo (Rangoon) tpm f.ng km p.g* ISMAIIA 2M7 HP A-AN 38M7 MALAYSIA AGENTS; SOUSTEAO SHPPW6 AGENCIES KUL TEL S2-«S-Ml7*l P*L: TEL t2-M-37Mir ret TEL n-H-tntm m-. Tel awr-aimiM NIGERIAN NATIONAL SHIPPING LINE SFOAE FOR TIN
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      Page 35 Advertisements Column 2
      945 35 ADVANCE CONTAINER UNES (PTE) LTD A I 140 Oml 9kwt, #1240, PR. BuSdbig, Stogapor* 0100 TEL:22I2S2I,FAX:2233OIO,TELEX :RSaOO4OACLPL CR NO. 18S3OM0000E vqt m ww vim vonr 2M W trNfimr >owot7 oiorwr 040 a W UN BXA2«AH aoaas affi i* Uw» OVN n B»ws N2lll 0102 wy 0M» w O»Q2 Wri mmbu
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      Page 35 Advertisements Column 3
      693 35 **********2 Iwwni WY m I£HW<WE IMMURO fIfrMWOHT ROTIBOMI ANTWPy VSJJ-06HCWMA MOM OW> 22AM MM 26*06 27*08 1W WLiEOECAWNA CICTW 06*06 2SQ6 31AM 0800 08*08 «j> MLLE DC SAOTTTA SKWf IMB 08/ OB 07/08 08*08 «M» 11AM VW-LE D'AOU>-A ~AKM» 1208 14AM IMB 17AM 16AM 'AUMACCSTWQCARaOTOAU.U.K.OeSTMATIONS. 'l SCANOS4AWtAN|AAnHmCOiqNHAO6N.OOnWUWOt AND OTHBR EUROPEAN
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      Page 35 Advertisements Column 4
      44 35 fGEMARTRANS HMSS^amStgHaMawSß HSKtani tik —fn ffh mm mm rm 11/7 NM«MM AISIS M/l. M/l MMI 2SM A7/I It/I NAN OAK Aim 11/1 IS/I NAM MM IMM 14/1 17/1 romTflGlfTLY SERVICE TO H/UPHONQ nETi b,Ta WW—III MgW 11/1 W—My L<X —rv>c« to HCW ■< cociyWttv r»t—
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      Page 36 Advertisements Column 1
      699 36 AFGHANISTAN MAM Afghanistan Ltd., mkMmC% ■kJH Hatratan, Torghundi, Islamqala (Doqharvn) x "lOtlWl C.I.S7RUBSIA: Alma Ata. Ashkhabad. Baku, Dushanbe. I UHlim lAmrh Irkutsk. Khabarovsk, Krasnoyarsk, Korsakov, Moscow, "VJ!~;' n- Hnjp Novosobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny memaoonai forwarders Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST
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      Page 36 Advertisements Column 2
      336 36 jiUlimi roimmtHt lwm. wb i twM: utamz m tmi (mii p.ULui&iSSSLn lasia-HKG/TWN/BKK GaioAiußore I 1 Z W W wr 3jV7 fir j a n s sis 2 "wmv»«y»nn GonoaflareotomfllanoHlos 29/7 31/7 31/7 RECSIVIM6 Tft IPM/VfIDC A/BIAHH A 2EV7 29/7 30/7 SHANGHAI/DALIAN JnymfimyWUJl XIAMEN/BBJING Manila£otw 26/7 27/7 28/7 Tokyo/Osa/Yoko 28/7 29/7
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      Page 36 Advertisements Column 3
      241 36 A coscoj EXPORT TO: CNMA/MONQ KONQ ■uwy^cownwwiTAL owmun US WOT/BAST COAST NMMNQUMUM*CH PtatM rtfif flbow iiwflioind MrricM to CMni Ocmi SMpptaf Co. AtfwHowfll in PlQi 7. VESSEL SGP. PEN* PKL+ HKQ SHA ON TUOHEAJI67 16/07 1 7/07 IM)7 2SAJ7 29*37 OIAM WBHEAi'V 26A)7 27/07 2AC7 0M» 0&06 12AM HUASHUNHEAXMI 06AM
      241 words
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      Page 36 Advertisements Column 4
      311 36 STRAITS/ JAPAN/ STRAITS SERYKS MULTI-PURPOSE RORO CARRER SPECIALIZE M HEAVY UFT CARGO UPTOI2O TONS RAMP CAPACITY UPTO SO TONS I I™ I rtTI UMMKKi rasa vot m n MKNTVKA 149 SU »/7 MAKAIA IMB* 4/1 MOOIA M/l KMONMA 11/t 05AAA14/1 «UW*«a H/7 ASttNMML 4 11/ l ows-t s n/i ts/i
      311 words
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  • Page 37 Miscellaneous
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      Page 37 Miscellaneous Column 1
      129 37 REGIONAL WEATHER LKSiND: R Thunderstorm T*mp*roh#* c X W*oth*r Wind dr«ction with tpMd in knot* *<*" Wov# Cloudy Sky M«W wiwdi ow iiluiri by onwi wtwdi Hy with Hw wmi (y On* ful crd* t«prn«nn calm or Kght and variable wind* On« half H*ch* represents 5 knots On* ful fleche
      129 words
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      71 38 1) M.V. "TIMBER TRADER XI" VOY. 1 ARRD 18TH JULY 1995 2) M.V. "KING ACE" VOY. I ARRD ISTH JULY 1995 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 28th July 1995 *****200 hours at PT3 and
      71 words