The Business Times, 1 August 1995

Microfilm: NL20016
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 Tuesday August 1 1995 85*
    13 words
  • Article
    Lock icon Dow down 3.5 points
    70 1 Reuter NEW YORK Stock prices were mixed yesterday, as investors turned cautious ahead of this week's batch of economic reports. Technology stocks fell on profit-taking. At 2 pra EDT, the Dow Jones Industrial Average was down 3.52 points at 4,711.99. In the broader market at 1
    Reuter  -  70 words
  • Article
    Untitled
    162 1 Sttck martet fedtes Monday ChiR(e STII 2.156.37 -29.30 KLSEComp 1.060.21 +9.54 Nikkei 16,677.53 +28.04 Hang Seng 9,453.42 +1.73 SET Index 1,383.10 -13.94 Jakarta Comp 511.94 -0.58 Manila Comp 2.896.01 +2.56 Taipei WPI 5,180.42 -38.0 Seoul Comp 933.57 +4.93 Bombay BSE30 ..3,388.23 -64.65 CLSA China B 824.61 +11.85 Aust All Ord
    162 words
  • Article, Illustration
    Teng Fong makes counter-bid for YHS at $5 each
    592 1  -  By Conrad Raj SINGAPORE The longawaited counter-bid by property magnate Ng Teng Fong for Yeo Hiap Seng (YHS) came last night, turning the tussle for the food and beverage manufacturer into a full-scale corporate battle the first since the fight for
    592 words
  • Article
    Telecom slashes ISDN rates for local calls
    404 1  -  Chan Siew Ling SINGAPORE Singapore Telecom will lower its rates for local ISDN (integrated services digital network) data calls by 58 per cent and for local ISDN voice calls by up to 88 per cent. Telecom's corporate communications officer Ivan Tan yesterday said:
    404 words
  • Article
    Lock icon Walt Disney to pay US$19b for Capital Cities/ABC
    235 1 Reuter BURBANK, California In a move which surprised both Hollywood and Wall Street, The Walt Disney Co said yesterday it will pay US$l9 billion (SS26 billion) for Capital Cities/ABC Inc, creating a major force in the entertainment and media industry. The companies
    Reuter  -  235 words
  • Article
    Elite club for top 150 S'pore, HK leaders, CEOs, businessmen
    309 1  -  By Jenny Lam SINGAPORE The Singapore Hongkong Club (SHKC) is one club where membership cannot be bought with money. Formed by some of Hongkong's leading tycoons, the high-powered club targets topechelon businessmen, chief executives and leading political figures in the
    309 words
  • Article
    Petronas Gas' unusual price-setting assures shareholders of windfall
    655 1  -  Frtn Ho Kay Tat In KUALA LUMPUR USING an unusual method of setting the "strike price" for its tender shares, Petronas Gas Bhd has fixed the price at MSB.OO (554.53) for the 114.75 million shares offered to international investors. At this price,
    655 words
  • Article, Illustration
    Wee Ee Cheong appointed HDB deputy chairman
    180 1 SINGAPORE Wee Ee Cheong, United Overseas Bank deputy president, has been appointed deputy chairman of the Housing and Development Board (HDB). The Ministry of National Development said yesterday that Mr Wee's appointment, effective today until Sep 30, 1997, was made by President Ong
    180 words
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      236 1 Jhm World's First Vibration Reduction (VH) tyotom For Bwhoweod Shfpn— Nikon ZOOM 700VR Zoom AF Compact Camera with 38-105 mm lens BEST BUY $599 Ffo im wort* $1M Wfk (1 Nikon l«r|t muni-purpMa jTI tog worth $U. 1 Nikon tf gN cm worm |S6) jf Nikon Camera Contra Max Photo
      236 words
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      49 1 Property: Fg 13 Hostile bid for HK Land likely Run on credit union deepens loan crisis mood in Japan, Pg 14 Hostile takeover of HK Land Lee Han Shih Sredicts that some ingapore companies will be involved in the biggest corporate deal in Hongkong. The Property Column, Pg 13
      49 words
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      8 1 Hock Lock Siew: Pg HK property: overdone pessi
      8 words
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      67 words
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  • SINGAPORE NEWS
    • Eye on the Economy
      • Article, Illustration
        Lock icon Wholesale prices rose in June
        279 2  -  By Teh Hooi Ling WHOLESALE prices appear to have bottomed out, figures from the Department of Statistics show. The Manufactured Products Price Index for June was 81.0 points about 1.2 percentage points higher than a year earlier. In the first half of this year the
        Source: Dept of Statistics  -  279 words
    • Article
      Top 20% income group faces highest inflation, thanks to COE
      600 2  -  By Vikram Khanna SINGAPORE'S top 20 per cent income earners faced the highest consumer price inflation last year as well as in the first half of this year, mainly because of increases in COE prices, according to data just released
      600 words
    • Article, Illustration
      Jewellers' group adopts net weight pricing
      227 2 THE Singapore Jewellers Association (SJA) has abolished the gold loss guideline, replacing it with net weight pricing for gold jewellery. The gold or manufacturing loss the weight of gold irrecoverably lost during the manufacturing process is added to the actual weight of a gold
      227 words
    • Article
      Amsteel rejects Singapore's dumping charge
      282 2  -  By Abdul Hadhi MALAYSIAN group Amsteel Mills has refuted the findings of the Anti-Dumping Authority (ADA) that it dumped steel bars in Singapore. Amsteel said yesterday it had been selling good-quality steel reinforcement bars to Singapore since the early 1980s and they had been sold
      282 words
    • Article
      NSTB funds for polytechnics
      39 2 THE National Science and Technology Board (NSTB) has extended its commercialisation grant scheme to cover polytechnics, besides research institutes and universities. Also, the limit per institution has been increased from $1 million to $5 million.
      39 words
    • Article
      Hebei businessmen on trade visit
      36 2 A BUSINESS delegation from China's Hebei province will visit from today until Sunday. The visit has been arranged by the Trade Development Board as a prelude to a mission to Hebei.
      36 words
    • Article
      Publishing firms merge
      30 2 MANAGER Trade Publishing has acquired the media portfolios of local firms Toucan Publishing and Shusse Publishing. The merged company, called MTP, has 13 publications in its stable.
      30 words
    • Article
      COEs available in September
      36 2 SOME 3,851 vehicle Certificates of Entitlement will be issued for September. Among them, 253 will be in category one, 1,359 in category two, 292 in category three and 94 in category four.
      36 words
    • Article, Illustration
      Currency shifts, IT field among Sony's biggest challenges
      454 2  -  By Claire Leow SONY's greatest management challenges are dealing with currency shifts, boosting its presence in information technology, and rebuilding Sony Pictures Entertainment in the US, says its new chief operating officer. Nobuyuki Idei, who took office three months ago, said in
      454 words
    • Article
      SIA signs deal to upgrade computer storage systems
      200 2  -  By Agnes Wee SINGAPORE Airlines yesterday signed a deal with EMC Corp to upgrade the storage systems for its reservation and transaction processing facilities. The general manager of EMC Asia/Far East, Rick Wojcik, said the deal was worth between US$2 million (SS2.B
      200 words
    • Article
      OUB banker to be S'pore's honorary trade rep to Australia
      373 2  -  From Florence Chong in SYDNEY THE Singapore government has appointed an honorary trade representative to Australia, with the appointment expected to be announced this week when the Singapore Australian Business Alliance Forum (SABAF) is launched officially. Australian banker Geoff Mclntyre,
      373 words
    • Article, Illustration
      S'pore rice importers seeking urgent contract with Thai exporters
      492 4  -  Reports by Siow Li Sen EFFORTS by the Singapore General Rice Importers Association (SGRIA) to secure a long-term contract with the Thai Rice Exporters Association (TREA) havfc taken on a new urgency. In the wake of this year's sharply rising rice
      492 words
    • Article
      Cocoa trader Karintina to close Asian operations
      296 4 UK-BASED regional cocoa king Karintina Trading will be closing down its Asian offices by the end of this month, further reducing the handful of cocoa traders left in Singapore. "We are trying to get it done by the end of August," a senior
      296 words
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      212 2 )>\[_=[.":);-;}`=-&-^[)&;+,,]=! KENNEDY-WILSON INTERNATIONAL*, fciui iiiuLJiS P Y rmont P en nSU a 1m for sale A unique opportunity to invest largest freehold development site on Sydney Harbour! Sydney's newest multi-purpose waterfront preClnCt The approved master plan for this exciting site wi rea ise 7 separate, autonomous precincts, designed to provide
      212 words
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      148 3 Engineered to move the human spirit. 7 i MMia.' ||4,l|^KH||^^^BhkblHH I ■PSBllh^H^sOk^HS^^k^hk^l ME ,*\uVlflRHHi Wkat be jadfed tit keifkt ef beeaty ul ictlmnil »ri perfectly tkaa lit Uereedeileat epitome of (race 114 elefiice. AK yet aotklti Cil describe ike eitraordlaary eiperleace tkat beloap le tke few, let vkai oily ewierakip
      148 words
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      228 4 IBrlia FURNITURE Y S T E U CREATING A MORE PLEASANT WORK SPACE FOR ALL fik A I /.*A ,-r M' 4> 4 »r >*v >~r v, I f* I iU^HB CHECK IT OUT BEFORE VOU MAKE YOUR MOVE Shaping today's business, perfectly K&E MARKETING (S) PTE LTD 298, BEACH
      228 words
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      63 4 Visit Switzerland#! From 30th August to sth September I^9s' Experience the lifestyle of the Rich and Switzerland with accommodation at the 3 best s M hotels in Switzerland. Enjoy the finest Swiss and h French cuisines, mingle with the jetset crowd the Divonneor Evian Casinos, visit the Rolex Factory in
      63 words
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      111 4 For the month of August, Ristorante Caruso brings Plenonte to you. Best known for exquisite culinary delights from Red Meat, Truffle to Red Wine, this region in the North of Italy can Mr really-whet your appetite. And well put our word on it I Set Lunch: S$ 2540 Set Dinner
      111 words
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      248 5 A TOWERING H TRIBUTE TO THE REPUBLIC 1 I OF SINGAPORE. I CELEBRATING 30 YEARS OF NATION-BUILDING WITH SINGAPORE, CDL's REPUBLIC PLAZA REFLECTS HER HIGHEST IDEALS. The stunning Republic Plaza occupies the available plot of land in I Raffles Place the heart of Singapore's business and financial centre. With futuristic
      248 words
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  • SOUTH-EAST ASIA
    • Article
      KL cement firms may be allowed to raise prices to boost supply
      517 6  -  From Ho Kay Tat in KUALA LUMPUR THE Malaysian government allow cement companies to raise their prices as an in- <sentive to increase their man- iifacturing capacity to meet the demand of the busy con- Struction industry. Domestic
      517 words
    • Article
      Lock icon M'sia still qualifies for GSP
      60 6 Bernama KUALA LUMPUR Malaysia is well below the US$B,6OO (5511,982) per capita income-threshold for mandatory graduation from the US' Generalised System of Preferences (GSP), industry sources said. Malaysia's per capita income level is slightly above US$3,OOO. There had been speculation that Malaysia would graduate from
      Bernama  -  60 words
    • Article
      Lock icon Fighting Philippines' poor image
      72 6 AFP MANILA President Fidel Ramos yesterday ordered the Tourism Department to counter the Philippines' poor image abroad and warned against the local growth of sex tourism. "We have to move as one so that we can effectively correct wrong perceptions about the Philippines," he was quoted
      AFP  -  72 words
    • Article
      Lock icon Indon prof wants more candidates
      76 6 AFP JAKARTA Candidates from each of Indonesia's three permitted political parties should be allowed to stand in the 1998 presidential election, a constitutional law expert said on Saturday. Professor Harun Alrasid was referring to Golkar, the United Development Party (PPP) and the Indonesian Democratic Party
      AFP  -  76 words
    • Article
      Lock icon Sales up in top Philippine industries
      63 6 AFP MANILA Twenty-one key industries in the Philippines experienced a 17 per cent rise in net sales in the first five months of 1995, the Trade Department said yesterday. It cited a survey on 896 firms showing net sales of 142.3 billion pesos (557.7
      AFP  -  63 words
    • Article
      Lock icon Jakarta to free 3,000 prisoners
      80 6 AFP JAKARTA About 3,000 prisoners will be released on Aug 16 as part of Indonesia's 50th anniversary celebrations, a senior official was reported by the Antara news agency as saying yesterday. 'The general remission is given annually to prisoners in Jakarta and its surrounding areas
      AFP  -  80 words
    • Article
      Lock icon Anwar's reassurance on Bakun project
      43 6 Bernama BELAGA Anwar Ibrahim, who conducted an aerial survey of the Msls billion (SsB.s billion) Bakun hydro-electric project site in Sarawak yesterday, gave an assurance that the project will not be implemented before discussions are held with residents.
      Bernama  -  43 words
    • Article
      Lock icon Thai petrochem group scraps Philippine plans
      425 6 Bloomberg Business News BANGKOK The Thai Petrochemical Industry said it was scrapping plans to invest in petrochemical and cement ventures in the Philippines because of Manila's tariff policies. In April, the company signed a preliminary agreement to develop a US$6OO million (SsB34 million) ethylene
      Bloomberg Business News  -  425 words
    • Article
      Lock icon Philippine port city of 400,000 gearing up for a boom
      428 6 AFP GENERAL SANTOS, Philippines With US help, this port city on the southern Philippine island of Mindanao is gearing up to become Asia's next boomtown. Construction workers are labouring to finish an international airport, financed by the US, on the
      AFP  -  428 words
    • Article
      Lock icon Marcos' son gets fine, seven years' jail for tax evasion
      396 6 UPI MANILA The only son and namesake of former president Ferdinand Marcos was sentenced yesterday to seven years in prison for tax evasion and ordered to pay a fine of at least U552,812 (553,908) in back taxes. The same regional
      UPI  -  396 words
    • Article, Illustration
      Lock icon Asean chalks up valuable diplomatic gains
      640 6  -  VIEW FROM BRUNEI By Yang Razali Kassim ON THE eve of a major AsiaPacific gathering in Brunei today, Asean has made two significant diplomatic advances to boost its growing political and economic clout. On the economic front, it pushed through a Singapore initiative yesterday
      Reuter  -  640 words
    • Article
      Lock icon KL industrial survey shows 27% sales jump
      306 6 Bernama KUALA LUMPUR The total value of sales of 58 industries surveyed by the Department of Statistics for the first five months of the year jumped 26.7 per cent to M 561.3 billion (5534.5 billion) from M 548.4 billion in the same period
      Bernama  -  306 words
    • Article, Illustration
      Lock icon Mount Pinatubo's ravages
      79 6 Reuter 1 >_=a -~r ■> < BACOLOR, Philippines Residents in this town north of Manila trying to salvage what is left of their house after it was buried by mud flows from Mount Pinatubo on Sunday. The mud flows, triggered by tropical storm Gary, have buried at
      Reuter  -  79 words
    • Article
      Lock icon Jakarta to sign MOU today for US$1.5b subway
      198 6 Reuter JAKARTA Indonesia will sign a memorandum of understanding (MOU) on a proposed US$l.5 billion (Ss2 billion) subway for its capital today, a government official said yesterday. President Suharto in February approved plans for both the subway, or mass rapid transit (MRT)
      Reuter  -  198 words
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      201 6 _TOL I -PRE^EI^!iM5o^Mri8^^RfxS!PfS^^ f HAI SUN HUP GROUP LTD (Incorporated in the Republic of Singapore) ANNOUNCEMENT > With reference to the Notice of Annual General j Meeting dated 28 July 1995, the Company hereby gives notice that the Transfer Books j 1 and Register of Members of the Company I
      201 words
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      Page 6 Advertisements Column 2
      10 6 Two cement firms report profit despite competitive environment, Pg 16
      10 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Shenzhen to stress quality, liquidity for B share listings
      370 7 Reuter HONGKONG The Shenzhen Securities and Exchange Commission yesterday said quality and liquidity would be its guiding criteria in approving new issues of foreignersonly B shares. "From now on we will stick to two directives, good quality and high liquidity, in
      Reuter  -  370 words
    • Article
      Lock icon China shuts down 640 foreign-funded firms
      245 7 AFP BEIJING Local authorities in the northern Chinese provinces of Hebei and Shandong have closed 640 foreign-funded firms, mainly due to the overseas partners' failure to make good their investment commitment, the China Daily reported yesterday. In Hebei province, 420 for-eign-funded companies had their
      AFP  -  245 words
    • Article
      Lock icon Taiwan's payments deficit hits two-year high of US$2b
      284 7 Bloomberg Business News TAIPEI Taiwan's balance of payments deficit in the second quarter climbed to a twoyear high of US$2 billion (552.78 billion), according to figures from the central bank, the Commercial Times reported yesterday. The deficit rose on a decline in
      Bloomberg Business News  -  284 words
    • Article
      Lock icon Taiwan-China indirect trade surges 40% in five months
      196 7 Reuter TAIPEI Taiwan's indirect trade with China jumped 39.7 per cent in the first five months of 1995 to US$B.7 billion (S$ 12.1 billion), the Board of Foreign Trade said yesterday. In January-May, Taiwan exports to China rose 32.8 per cent to
      Reuter  -  196 words
    • Article
      Lock icon China to export US$l6b of electronics
      67 7 AFP BEIJING China's booming electronics sector is looking to post US$l6 billion (5522.2 billion) of exports this year, 60 per cent more than the government's planned figure, a report said yesterday. If the sector's exports keep their current 15 per cent annual growth rate,
      AFP  -  67 words
    • Article
      Lock icon Senior Taiwan officials leave for China
      72 7 Reuter TAIPEI More than 60 senior Taiwanese officials left yesterday for Beijing to attend a financial seminar the biggest delegation to visit China since bilateral ties soured in June. Former finance minister Loh Jen-kong, current chairman of Dah An Commercial Bank, led officials from
      Reuter  -  72 words
    • Article
      Lock icon Beijing defence minister warns Taipei
      78 7 AFP BEUING China Defence Minister Chi Haotian vowed yesterday that the army will "not sit idle" if Taiwan moves towards independence. He was speaking at the army's 68th anniversary cc^ ra f' ons The invasion threat has been a recurrent theme in Beijing's rhetoric on
      AFP  -  78 words
    • Article
      Lock icon KMT gets promising candidate
      69 7 AFP TAIPEI The head of Taiwan's top mainland policy planning body will run for the ruling Kuomintang (KMT) party in December s parliamentary elections, KMT secretary general Hsu Shuiteh said yesterday. Party officials said Vincent Siew, chairman of the Mainland Affairs Council (MAC) and a popular
      AFP  -  69 words
    • Article, Illustration
      Lock icon Monster-size fun
      43 7 Reuter BEIJING A youngster rushing into the "jaws" of an inflatable monster at Jiagshaa Park In central Beijing yesterday. Chinese school-children are on their summer vacation, and with many city parks providing entertainment, they are not lackins in holiday activities. Renter
      Reuter  -  43 words
    • Article
      Lock icon Foreign visitors to HK up 6.7% to 4.7m in first-half
      169 7 AFP HONGKONG The number .of visitors to Hongkong rose 6.7 per cent to 4.69 million in the first six months of the year, the Hongkong Tourist Association said yesterday. China remained the biggest source of visitors, with 1.03 million mainlanders
      AFP  -  169 words
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      345 7 UJM '"*m'i HKEhB f r I V» r* L> f IHH S; ..-> *>. p t V I 4 x < Mi v .'V •i* V gl^L--'SW 2.'' "I «w. *****55 ]m Sun Microsystems. The name you can count on to deliver the scalable servers you require to stay competitive—whether
      345 words
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  • ASIA
    • Article
      Lock icon Tokyo coalition parties may merge
      112 8 AFP TOKYO Japan's two ruling parties in Prime Minister Tomiichi Murayama's coalition will soon open talks on forming a new party of "dovish liberals", the Yomiuri Shimbun daily said in a front-page article yesterday. The new force will merge the Social Democratic Party (SDP) headed
      AFP  -  112 words
    • Article
      Lock icon Japan housing starts down
      70 8 AFP TOKYO Japan's housing starts in June fell 15.7 per cent from a year earlier to 124,733 units, the fourth straight year-on-year setback, the Construction Ministry said yesterday. In May, the nation's housing starts fell 11.1 per cent. Starts on owner-occu-pied housing in June tumbled 21.6
      AFP  -  70 words
    • Article
      Lock icon Indian rebels push no-confidence vote
      133 8 Reuter NEW DELHI A rebel faction of India's ruling Congress party plans a no-confidence motion against Prime Minister P V Narasimha Rao's government, the Press Trust of India (PTI) said yesterday. Congress rebel leader N D Tiwari told PTI the motion would focus on "rampant
      Reuter  -  133 words
    • Article
      Lock icon Blackout cripples Indian state
      77 8 AFP BOMBAY A major power outage crippled large parts of the western Indian state of Maharashtra yesterday disrupting rail links in the state capital Bombay, India's financial heart. Officials said several thousand suburban commuters were seen pouring out of trains after the power breakdown at 1110
      AFP  -  77 words
    • Article
      Lock icon Seoul arrests widow for trip to N Korea
      76 8 Reuter SEOUL The widow of one of South Korea's most prominent dissidents was arrested yesterday for an unauthorised trip to communist North Korea despite threats from Pyongyang that her arrest would hamper relations between the two Koreas. "We had an arrest warrant
      Reuter  -  76 words
    • Article
      Lock icon India threatens to bolster defence
      38 8 Reuter NEW DELHI India will have to strengthen its defences if the US supplies a proposed US$37O million (SSSIS million) weapons package to Pakistan, Foreign Minister Pranab Mukhetjee was quoted as saying. Reuter
      Reuter  -  38 words
    • Article
      Garten sees US-Japan trade spats continuing after 2000
      542 8  -  From Anthony Rowley in TOKYO A HIGH level United States trade official predicted yesterday in Tokyo that US-Japan trade disputes are likely to continue into the next century, and at the same time warned that this could erode broader US-Japan ties. Jeffrey
      542 words
    • Article, Illustration
      Lock icon Do Muoi in Australia to woo investors
      72 8 AFP UPI CANBERRA The secretary-general of the Communist Party of Vietnam, Do Muoi (right), inspecting the guard-of-honour upon his anival yesterday for talks with Australian Prime Minister Paul Keating during his week-long visit. Australia and V ietnam signed a number of economic, service
      AFP; UPI  -  72 words
    • Article
      Lock icon Hopes up as Aussie current account deficit shrinks
      386 8 Bloomberg Business News SYDNEY Australia's current account deficit narrowed as expected in June from a record in May, buoying optimism that the worst is over. The data evoked only restrained confidence in the markets, though, as the deficit was still the second
      Bloomberg Business News  -  386 words
    • Article
      Lock icon South Korean electronics firms jostle for slice of American pie
      135 8 Reuter SEOUL South Korea's electronics companies are rushing to set up plants and ventures in the United States to secure market share and benefit from advanced technology, industry analysts and company officials said yesterday. "The US market is the most
      Reuter  -  135 words
    • Article
      Lock icon Blast at Mitsubishi Materials will cost company 1.1b yen
      304 8 Bloomberg Business News TOKYO Mitsubishi Materials Corp said an explosion yesterday morning at a metal alloy production plant near Tokyo will force the plant to shut down for two months and cost about 1.1 billion yen (5517.3 million) in damage and
      Bloomberg Business News  -  304 words
    • Article
      Lock icon Hostage talks in Kashmir close to a solution?
      151 8 Reuter SRINAGAR, India Diplomats negotiating the release of five Western hostages in Kashmir said talks with their Muslim militant captors were delicately poised yesterday as separatist groups in India and Pakistan issued fresh appeals for a peaceful end to the four-week-old stand-off.
      Reuter  -  151 words
    • Article
      Lock icon Jittery market fans false rumours in NY of Nissan collapse
      308 8 Reuter TOKYO Rumours, quickly denied, in New York currency markets last week that Japan's giant car maker Nissan Motor was headed for bankruptcy have highlighted how jittery foreigners are about Japan's economic health. Some foreign analysts here say the high
      Reuter  -  308 words
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      152 8 Your marina haven close to home The romance of the Mediterranean. That perfect getaway. Your very own report home. The jeafarer'j gateway to the Riau Lflandd. Make it all happen at Nongja Point Marina. Only 30-minute ferry ride from the p Multi-purpose meeting rooms for Tanah Merah Ferry Terminal in
      152 words
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      Page 8 Advertisements Column 2
      82 8 PRIME DEVELOPMENT SITE AT D(1024) SHANGHAI RD, OFF RIVER VALLEY RD "wr Lot: 1303 1513 TS 24 Approved for 10 storey apartment block Freehold with basement carpark swimming pool Development Guide Plan Provisions: Convenient to amenities Residential Plot Ratio: 2.8 *3 minutes to Orchard Road Land Area: 1995.5 sq. m.
      82 words
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      42 9 1 The Relentless Pursuit of Perfection BORN EO MOTORS (S, PTE LTD (AN INCHCAPE COMPANY, LEXUS DIVISION J ,/j5 LENG REE ROAD SINGAPORE o 5 5. TEL. 70S .88 FAX. 474* S.. OPEN EVERY SATURDAY AND SUNDAY FROM o AM TO o|l
      42 words
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      496 10 Inl ££s □■I^BiliiMßMiißMiiiiiliijilittM ,i rIMI M€KI Mil MMM9I CUD -1 totrMiaii EIHA \j(* Jutf $500 ond aba* w«h<n 6 morfKs ot any of our oufa* to quatfy for our gold cad mmbmhip. PMrnnaMuamimn H-"-sassr"™ MiMUw^Aan^BP M4SPOHft73SN7VnSH7S>MV^ •iy^»hitahd«i4i^snMsr^K MtM9N/MM74 t L—■———————————— IT^VHP. ACE -In action. From 7pm lam. 'Mondays to Thursday*:
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      Page 10 Advertisements Column 2
      311 10 WHERE TO WINE, DINE AND ENTERTAIN 1» Stmt WtfM, <>t k Fftdi Stwt Our International Buffet at Cafe Plaza is a world of culinary delights. Starting with a bed of the freshest Rock Oysters. Followed by a sumptuous spread of everything from French and Italian, to Japanese, Thai and Singaporean.
      311 words
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      Page 10 Advertisements Column 3
      358 10 The Day You Dine At Triple T Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet at Triple 3, an irresistible spread featuring some 60 hot and cold dishes, plus tempting desserts. Call _s_ us now to make your reservations at 831 6271/2. Lunch:
      358 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Celebrating half a century of dressing the Queen
      773 11  -  Designer Hardy Amies shows Paul Majendie that his wit's as sharp as his cut Paul Majendie Reuter Designing Queen Elizabeth's dresses for almost half a century has brought Hardy Amies riches and recognition around the world. But he has no desire to
      Reuter  -  773 words
    • Article
      Lock icon Indonesia's flagging film industry
      545 11  -  Can cinema's downhill slide be stopped? Linawati Sidarto finds out Linawati Sidarto AFP INDONESIA'S failure toclinch any awards at an international film festival it recently hosted mirrors the country's moribund film industry, which is facing stiff competition from American, Indian and Hongkong imports. A Taiwanese movie
      AFP  -  545 words
    • Article, Illustration
      Lock icon Waterworld debut's less impressive
      257 11 Reuter UPI WATERWORLD, Universal Pictures' US$2OO million (Ss2Bo million) gamble, hit the top of the box office charts on Sunday, but the film's debut was less spectacular than other blockbuster films this summer. Exhibitor Relations Inc, a Hollywood firm that tracks box office results, said Waterworld,
      Reuter; UPI  -  257 words
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      Page 11 Advertisements Column 1
      138 11 BUTjg&FLY B AJRBca F E CONTINENTAL CAFE, RRTAURANT AND BAR set BUSINESS LUNCH and dinner FROM $15.50++ HAPPY HOURS 3PM TO BPM Home-made daily soup Seared Salmon on a bed of Garden Vegetable Tropical fresh fruit with mango ice-cream Salmon Ntcotse Salad Duck Breast with Three Colour Pepper Sauce Apple
      138 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1105 11 In the Wild: Timothy Daltou with Wolves, 9pm, Cti The ex-James Bond forsakes wS9^^^mßiSuwL shaken martinis for the remote > JH places of North America to < search for wolves. In Alaska HT the Arctic, he hopes that K» the myths about the creatures will someday be dispelled. r i
      1,105 words
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  • Article
    Asean's huge challenge
    489 12 WHEN the second Asean Regional Forum (ARF) convenes in Brunei today, it will take on a huge and delicate task: that of managing the evolving and still unpredictable relations among countries in the Asia-Pacific, including the major and regional powers. The ARF officially took off last year
    489 words
  • Article
    Marriage is meant to last
    295 12 THE REVELATION that fewer Singaporeans now cite adultery in a divorce petition does not indicate either a more moral society nor one where marriage is for life. What it does imply, say social workers and lawyers, is that couples breaking up no longer need to
    295 words
  • Article
    Need to mend US-China ties
    184 12 WILL the meeting between China's Foreign Minister Qian Qichen and his US counterpart Warren Christopher in Brunei be a turning point? Will tension between the two powers ease after they meet during the second Asean Regional Forum (ARF)? The hope that the meeting will help
    184 words
  • Article
    Asean enters new phase
    129 12 VIETNAM'S move to join Asean was motivated by changing circumstances and a need for a new start. The fact that Asean could accept a country that says it will not give up communist rule shows that it truly does not interfere in internal politics. It also
    129 words
  • Article
    US abdicates leadership
    169 12 AN INTERNATIONAL accord on liberalising trade in financial services has been finalised in Geneva after Japan and South Korea joined other countries in committing to improving foreign access to their markets. But it was achieved without US participation. The interim pact, effective till the end of 1997,
    169 words
  • Article
    Flaunting the rule of law
    146 12 CHINA'S release of a chilling videotape of the alleged "confession" of detained US human rights activist Harry Wu Hongda is a sad reminder of how little the rule of law can mean on the mainland. It also strengthens the case for Mr Wu's immediate release.
    146 words
  • Article
    Chirac, the bold charioteer...
    148 12 THE WEST at last has a leader of substance in French President Jacques Chirac. Not since the heady days of Ronald Reagan and Margaret Thatcher, arguably, have the reins of a Western democracy been in the hands of so bold a charioteer. Mr Chirac's determination to
    148 words
  • Article, Illustration
    Evils of growth beset China
    1017 12  -  Beijing can control inflation or go for growth and create jobs but cannot do both, says Prem Shankar Jha Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT. He visited China recently. FOR 16 years, China has maintained
    1,017 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      72 12 NenTHeR. DO i \jX. CeRTpviHLY PLANINIGX S c^su 2 °UR PP*RT,CEJDR'C.-.. p^SSi vvV \f HO' Ho B«IT\SH Hi SPEg£> R*i L TO OSOS£.\ I IZ^i WIDESPREAD CHftOS f»iu_ CME.R. 1 CaUtLTV J\ lju,»/t I CWNTRV DAMAGING OQ V TVfe S eCQJQMY.TO QooTj .*1 AMOCIATTO »»ULT», 1«Q-tWt 9^64 DOONESBURY qarry trudeau
      72 words
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  • Property & Construction
    • Article, Illustration
      Lock icon Hostile bid for HK Land involving S'poreans likely
      796 13  -  fffIpROPBITY =.L..J COLUMN By Lea Han Shih IN THE next 23 months, there is a fair chance that some Singapore companies will be involved in the biggest corporate deal in Hongkong the hostile takeover of Hongkong Land. There are already talk that
      Hongkong Land Photo  -  796 words
    • Article, Illustration
      PROPERTY WATCH
      221 13 Selected transactions In the past week Date of Built in MM/ tramaction """M Typt tajdin Turn S^ n Sip* Jul 24 1439 GuWemardRd Walk-up Apt 1270 FH 500,000 394 Jul 24 1335 Arang Court Condo 1239 FH 683,800 552 Jul 24 2056 Mayflower Place Semi-D 2500/3440 FH 1,780,000
      221 words
    • Article
      12 vying for $1.7b Philippine property deals so far
      407 13  -  Salim and Dharmala among the contenders, reports A 1 Labita from Manila Al Labita INDONESIA'S Salim and Dharmala groups are among 12 Philippine and foreign firms which have expressed interest so far in developing SSI.7 billion worth of property projects in
      407 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      122 13 BRAND NEW PRIME j WAREHOUSE BUILDING I NO. 50 KALLANG PUDDING ROAD s? Rarely available 'en-bloc' sale Basement carparks A/V Located in prime District 13 •19 Warehouse units 1 Potential for further sub-division 5 Tenure Freehold I C Land Area 38,040 sq ft (approx) 8 q-A Set Floor Area 77,942
      122 words
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      Page 13 Advertisements Column 2
      101 13 Some of the world's most unusual Jr^/ happenings are Amusing Stories (mandarin service). Cost: 30 cents a minute Investment For Sale by Tender Residential Site at Nos. 17 to 27 Butterworth Lane Freehold Located off Tanjong Katong Road Near Paya Lebar MRT Station Site area approx 2.143.7 sqm Suitable for
      101 words
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      Page 13 Advertisements Column 3
      275 13 Beijing Maestro At Lingzhi Vegetarian Restaurant @nee again. Vegetarian Cuisine Wizard Han Stitjun will charm and delight to no end as he prepares the authentic 'Pearl Mushrooms'dish and some other new dishes for LlngZhl. From the highlands ofQinghal and Tibet come the very rare pearl mushrooms Now. Masterchef Han gives
      275 words
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  • Article
    Run on credit union deepens loan crisis mood in Japan
    437 14  -  From Anthony Rowley in TOKYO THE sense of impending crisis in Japan's financial system intensified yesterday when a troubled Tokyo-based credit union suffered a major run on its deposits, prompting the authorities to unveil an emergency scheme for using public
    437 words
  • Article
    Lock icon Anti-trust probe on Microsoft to expand: report
    275 14 AFP Bloomberg Business News WASHINGTON US authorities are reported to be expanding their anti-trust probe of the computer software giant Microsoft, and are said to be preparing to file a lawsuit to block the sale of its Windows 95 barely weeks before the
    AFP; Bloomberg Business News  -  275 words
  • Article
    Lock icon US budget deficit to be lower than expected
    120 14 Reuter ABOARD AIR FORCE ONE The United States budget deficit in fiscal 1995 will be US$33 billion (Ss46 billion) lower than expected and President Bill Ginton will be able to balance the budget a year sooner than planned, the White House said
    Reuter  -  120 words
  • Article
    Lock icon Morocco to get loan
    98 14 Bloomberg Business News WASHINGTON The World Bank yesterday said it had approved a US$25O million, 15-year loan to Morocco to finance the sale of state-owned banks and to open credit and capital markets. The loan is the first part of a US$6OO million, three-year loan programme
    Bloomberg Business News  -  98 words
  • Article
    Lock icon Chirac to get more power
    73 14 AFP VERSAILLES French lawmakers were set yesterday to approve France's most radical changes in more than 30 years, in a move seen as increasing further President Jacques Chirac's grip on power. Mr Chirac's proposed reforms, coming three months after he took office, include a widening
    AFP  -  73 words
  • Article
    Lock icon On the right track
    74 14 Reuter BRUSSELS A joint venture that plans to build a pan-European telecommunications network along railway tracks yesterday said that shareholders had committed enough money for the project to go ahead. Hermes Europe Railtel BV said it planned to provide service to 12 cities in Ave countries
    Reuter  -  74 words
  • Article, Illustration
    Lock icon Burning poser
    47 14 Reuter MEXICO CITY A Greenpeace protester, made hb to simulate radiation boras, Rodin's The Thinker sculpture. He was posing on Sunday outside Mexico City's Fine Arts Palace to protest against France's decision to resune nnctenr testing. A Rodin exhibition is nnderwny at the pnlnce. Renter
    Reuter  -  47 words
  • Article
    Lock icon Another killing field
    58 14 AP PHNOM PENH Members of a US commission investigating genocide in Cambodia have discovered a "killing field" with the remains of about 2,000 people believed to have been the victims of state terror. The Cambodia Daily yesterday said about 2,000 skulls and bones were found at Sala
    AP  -  58 words
  • Article
    Lock icon Russia to control Inflation
    83 14 Reuter MOSCOW Russia plans to avoid a seasonal surge in inflation in the second half of this year by reining in money supply growth, taxing oil exporters and putting the squeeze on monopolies. Economy Minister Yevgeny Yasin yesterday told a joint news conference with Finance Minister
    Reuter  -  83 words
  • Article
    Lock icon Xerox core revenue up 13% to US$4.05b in 2Q
    266 14 Reuter STAMFORD, Connecticut Xerox Corp said yesterday that revenue from its core document processing business increased 13 per cent in the second quarter to US$4.O5 billion (555.7 billion) from USS3.SB billion in the previous second quarter. Income was up 52 per
    Reuter  -  266 words
  • Article
    Lock icon US consumer spending up 0.2% as income rose 0.4% in June
    297 14 Bloomberg Business News Reuter WASHINGTON Americans stepped up their spending by a smaller-than-expected 0.2 per cent in June, even as income rose 0.4 per cent, Commerce Department figures showed yesterday. Personal income rose to a seasonally adjusted annual rate
    Bloomberg Business News; Reuter  -  297 words
  • Article, Illustration
    Recovery in sight for Japan's property market
    784 14  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BTs Tokyo correspondent IT IS not simply being contrarian optimistic when everyone else is pessimistic to suggest that the bombedout Japanese property market may be about to rise again from the ashes. It
    784 words
  • Article
    Lock icon Hairy Wu is off the agenda, says China
    281 14 UPI AFP BANDAR SERI BEGAWAN China yesterday indicated that it was not open to discussing detained American activist Harry Wu in a meeting between US Secretary of State Warren Christopher and his Chinese counterpart scheduled this week "The case of Harry Wu
    UPI; AFP  -  281 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon ABR only for starters, Kotjo keen to buy more food groups
      464 15 Bloomberg Business News SINGAPORE Johannes Kotjo, part of a breed of Indonesian investors who have sef the Singapore stock market abuzz, says he is hungry for more food companies to add to the one he is taking over now.
      Bloomberg Business News  -  464 words
    • Article
      Kotjo serves takeover notice on ABR
      280 15 SINGAPORE Indonesian businessman Johannes Kotjo has served Sesdaq-listed ice-cream parlour operator ABR Holdings with a notice of takeover offer. Mr Kotjo, through Standard Chartered Merchant Bank Asia Ltd, informed ABR yesterday that the takeover offer will be posted to shareholders within 14 days. He
      280 words
    • Article
      Parkway-Tenet deal to exclude M'sian unit
      383 15  -  By Jenny Lam SINGAPORE Parkway Holdings, which has a definitive deal to buy US-based Tenit Healthcare Corp's Asian hospitals, will not be buying the Malaysian operations. The company said yesterday that the deal for the 375-bed Subang Jaya Medical Centre was off because a
      383 words
    • Article
      CPF adds nine items to trustee stocks list, removes one
      243 15 SINGAPORE The Central Provident Fund Board has added Ave mainboard counters, three loan stocks and one unit trust to its list of trustee stocks. It has also deleted one company from the list. CPF said yesterday that the newcomers were
      243 words
    • Article
      HK property: a case of overdone pessimism?
      900 15  -  HOCK LOCK SIEW By Steve Vines HONGKONG The infamous all-night queues for new residential property developments are creeping back. Cheung Kong, the property company controlled by Li Ka-shing, Hongkong's most astute property operator, recently stimulated enough interest in a new development to elicit
      900 words
    • Article
      Lock icon CDL close to buying Irish carrier's hotels
      191 15 Reuter DUBLIN Troubled Irish national carrier Aer Lingus is close to a deal to sell its Copthome hotel chain to Singa-pore-based hotel group CDL, the Irish Times has reported. Aer Lingus executives met representatives of CDL late last week, when the Singapore company'
      Reuter  -  191 words
    • Article
      Lock icon Camerlin leads Pacific Dunlop offers with A$1b bid: reports
      227 15 Bernama MELBOURNE The Singa-pore-based Camerlin consortium headed by Malaysian billionaire Quek Leng Chan is believed to be the highest bidder in Pacific Dunlop's AS I billion (SSI billion) auction of its Pacific Brands food assets. Camerlin, which is led by First
      Bernama  -  227 words
    • Article, Illustration
      MARKET MOOD
      52 15 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Barings. Credit Lyonnais Securities. Dai na, Fraser. G K Goh, Kay Hian, Morgan Grenfetl. Ong Co, Nomura. Phillip, Smith New Court. WI Carr and
      52 words
    • Article, Illustration
      HOT STOCK
      99 15  -  -By Paul Leo TAKE profit on Omni Mold. At yesterday's close of 46.5 cents, the stock is overbought. Applying the wave theory, the Sesdaq countcr is now in the final leg of its current bull run, which started at 29.5 cents on July 3. Yesterday's strong volume of
      99 words
    • COMPANIES
      • Article
        Telecom group's new subsidiary
        66 16 SINGAPORE Fax International, an associate company of Singapore Telecommunications Group, has completed the repurchase of U557.39 million (5510.2 million) of its outstanding stock. This takes Singapore Telecommunications Group's equity stake in FI from 47 per cent to 50.89 per cent. With the increase, Delaware-incorporated FI becomes
        66 words
      • Article
        Vickers gets approval
        73 16 SINGAPORE Vickers Ballas (India) has received approval from the Indian Ministry of Industry to proceed with the incorporation of a joint venture company there. Vickers said in April that it had signed a joint-venture agreement with Indo-Pacific Estates Holdings and Punj Lloyd. The new company will be
        73 words
      • Article
        Sankei raises paid-up capital
        25 16 SINGAPORE Sankei, a wholly owned subsidiary of Amcol Holdings, has increased its paid-up share capital from $8 million to $10 million.
        25 words
      • Article
        WBL in China joint venture
        91 16 SINGAPORE WBL Corp has entered into an agreement with Gene Singapore, NSTB Holdings, Singapore Bio-Innovations, the Tan Kah Kee Foundation (China) and other shareholders to form a joint venture company called Gene Singapore (China). WBL will take 35 per cent stake in the company, which
        91 words
      • Article
        WBL subsidiary at OCBC Centre
        31 16 SINGAPORE WBL Corp wholly owned subsidiary Wearne Brothers Services has entered into a three-year tenancy agreement with OCBC Centre for office space in the OCBC Centre.
        31 words
      • Article
        Auric Pacific's new CEO
        72 16 SINGAPORE Auric Pacific Group has appointed Pang Say Kong group chief executive from Oct 16, 1995. The appointment follows a change in the major shareholders of the company formerly known as Goodman Fielder Asia Holdings and the completion of an unconditional takeover by a consortium led
        72 words
      • Article
        Stamford Tyres posts 58% leap in earnings to $1.1m
        145 16 SINGAPORE Stamford Tyres Corp hoisted group net earnings 58 per cent to $1.1 million in the year to April 30. Sesdaq-listed Stamford said yesterday that profit improved on a 7 per cent higher turnover of $85.04 million. Sales by its main
        145 words
      • Article
        Untitled
        510 16 M«a«vs' prim Aug I Mendaki Gr Fund 104 1 07$ |m fn—t Fund 1.09 1.13** The Commerce 1.59 1.61 1108 Asset Mgt LM The Savings Fund 1.54 1.63 Uniftmd 1.46 1.52 S"pore Prog Fund 0.63 0.67 Unibofid 1.0} 108 S pore See Fund 0.93 0.99*d United Gr Fund! 1.63 1.70
        510 words
      • Article
        Lock icon Flood of Thai IPOs expected in second half this year
        568 16 Reuter BANGKOK Thailand's equities market is set to be swamped with more initial public offerings (IPOs) in the second half of this year than in the first half, investment bankers say. Factors likely to spark the IPO rush include anticipation
        Reuter  -  568 words
      • Article
        Lock icon 12 brokerages applying for full licence on Thai bourse
        243 16 Reuter BANGKOK Twelve brokerage firms applied for six new full broking licences being awarded by the Stock Exchange of Thailand. SET president Sen Chintanaseri said successful applicants, which will raise to SO the total number of brokerage members operating on the
        Reuter  -  243 words
      • Article, Illustration
        Khong Guan earnings drop 14.7% to $1m
        424 16  -  By Agnes Wee SINGAPORE Despite an 85.5 per cent jump in turnover, Khong Guan Flour Milling reported a 14.7 per cent fall in group net earnings for the year ended April 30, 1995. Net earnings fell to $1 million from $1.17 million last
        424 words
      • Article
        Yaohan Best takes franchise partner in Indonesia
        145 16  -  1L Teh Hooi Ling SINGAPORE Retailer Yaohan Best Electrical has taken its First step overseas, through a franchise agreement in Indonesia. Its partner there is PT Pasaraya Nusakarya, a subsidiary of Alatief Corp. Under a deal signed on July 20, Yaohan will provide
        145 words
      • Article
        Lock icon Bank Bali's foreign shares shooting up
        281 16 Reuter JAKARTA Indonesia's pri-vate-run Bank Bali soared two per cent to 5,700 rupiah (553.42) on thin volume and brokers said the bank's foreign shares are likely to rise further on the back of possible shortcovering. They said brokers were speculating on more upside potential
        Reuter  -  281 words
      • Article
        Lock icon General Corp plans direct stake in Shanghai property project
        273 16 MBT KUALA LUMPUR General Corp Bhd, which has cultivated a strong presence in China through its subsidiary Low (Ceng Huat (Singapore) Ltd, plans to strengthen its position there further by taking up a direct interest in a property project in Shanghai.
        MBT  -  273 words
      • Article, Illustration
        Lock icon Seksun posts 52% jump in interim profit
        331 16  -  By David Mok SINGAPORE Metal stamper Seksun Precision Engineering yesterday released its much-awaited interim results, reporting a 52 per cent jump in net profit on a 32 per cent increase in turnover. Net earnings for the six months to June 30 were $2,177
        Source: Bridge Info  -  331 words
      • Article
        Lock icon Two cement finns post profits despite competitive environment
        284 16 Bernama KUALA LUMPUR Two local cement manufacturing firms yesterday reported profits in the midst of reports of shortages in supply and eroding profit margins. Malayan Cement Bhd recorded a 32.9 per cent jump in group pre-tax profit to MJ50.619 million (5528.69S million)
        Bernama  -  284 words
      • Article
        Koh Brothers secures two deals worth $38m
        171 16 SINGAPORE Construction group Koh Brothers has won two contracts worth $38.1 million through its wholly-owned subsidiary Koh Brothers Building Civil Engineering Contractors. Koh Brothers said yesterday that the first contract, worth $12.5 million, was awarded by Jurong Town Corp for the construction of
        171 words
      • Article
        HK Telecom to tap syndicated loan market for HK$2.5b
        380 17  -  From Quak Hiang Whai in HONGKONG HONGKONG Telecom plans to raise HKS2.S billion (Ss4so million) through a revolving loan to finance its Far East expansion, which includes a cellular mobile network in Singapore. The listed telecommunications giant made its debut in
        380 words
      • Article, Illustration
        Lock icon Qantas chalks up 13.7% premium in Aussie stock exchange debut
        237 17  -  From Florence Chong in SYDNEY AUSTRALIA'S national carrier Qantas Airways made an impressive debut on the Australian Stock Exchange yesterday, giving individual investors who bought the stock last month a 13.7 per cent gain. Qantas closed at A 52.16 (552.22)
        Reuter  -  237 words
      • Article
        Lock icon Abbey National pre-tax profit rises to £483m from £423m
        350 17 Bloomberg Business News LONDON Abbey National pic, the nation's second-largest mortgage lender, said first-half pre-tax profit rose to £483 million (S$ 1.1 billion) from £423 million last year, as lower provisions for bad debts and higher profit from treasury operations boosted
        Bloomberg Business News  -  350 words
      • Article
        Lock icon Fletcher group to buy rest of S Petroleum
        265 17 Bloomberg Business News WELLINGTON New Zea-land-based forestry and energy group Fletcher Challenge Ltd is offering to buy out the 12.5 per cent of oil and gas explorer Southern Petroleum NL it does not already own. The bid price varies, from 19 NZ
        Bloomberg Business News  -  265 words
      • Article
        Lock icon Blocking rival bid next step in Westinghouse takeover of CBS
        321 17 Reuter NEW YORK Westinghouse Electric Corp's courtship of CBS Inc is nearing conclusion, and the next priority is how best to stop other CBS bidders from crashing the engagement. A source close to the negotiations said this was an important
        Reuter  -  321 words
      • Article
        Lock icon Embattled head of India's ITC ready to quit
        299 17 Reuter NEW DELHI A bitter boardroom battle in Indian tobacco giant ITC seemed close to an end yesterday as the head of the company was quoted as saying he was ready to quit after a row with Britain's BAT Industries. The Business
        Reuter  -  299 words
      • Article
        Lock icon AT&T struggles to make computer unit pay dividends
        156 17 Bloomberg Business News NEW YORK AT&T Corps restructuring of its Global Information Solutions (GIS) computer unit is the company's latest attempt to make its US$7.4 billion (5510.4 billion) acquisition pay dividends. For the restructuring to work, analysts say, AT&T has to do
        Bloomberg Business News  -  156 words
      • Article
        Lock icon US oil major Conoco to pump US$2.5b into Malaysia
        293 17 Reuter KUALA LUMPUR US oil giant Conoco Inc plans to spend more than US$2.5 billion (553.5 billion) in Malaysia over the next decade, a senior company official said yesterday. The amount includes its 40 per cent stake in a US$l.4 billion
        Reuter  -  293 words
      • COMPANY BRIEFS
        • Article
          Lock icon Acquisitions set to boost BMW profit
          78 17 Bloomberg Business News MUNICH The acquisition of the UK's Rover Group pic and a new plant in the US have helped protect Bayerische Motoren Werke AG (BMW) from the surging deutschemark, allowing net profit to grow 20 per cent in the first half to
          Bloomberg Business News  -  78 words
        • Article
          Lock icon Sale of Inchcape plc unit completed
          55 17 Reuter HONGKONG Li Fung Ltd said it had completed the acquisition of Inchcape Buying Services Group from Inchcape pic for HKS4SO million (SSBI million). As part of the acquisition, Li Fung bought the right to use the Dodwell brand name. Inchcape Buying Services has
          Reuter  -  55 words
        • Article
          Lock icon Grand Met Foods' gain set to double
          57 17 Reuter PARIS Grand Met Foods Europe, a unit of Grand Metropolitan pic, expects to double profits in 1995, managing director Bob Lowes told French business daily Les Echos. The European foods unit made operating profit of US$l9 million (5526.4 million) on turnover of
          Reuter  -  57 words
        • Article
          Lock icon Kong Wah Holdings' profit down 1.4%
          86 17 Bloomberg Business News HONGKONG Consumer electronics company Kong Wah Holdings Ltd said its net profit fell 1.4 per cent to HK$ 190.2 million (5534.2 million) in the year ended March 31, down from HK$ 193.5 million from the year before. The subject of a
          Bloomberg Business News  -  86 words
      • Article
        Lock icon Hanson makes agreed bid for Eastern power utility
        302 17 Reuter LONDON Anglo-American conglomerate Hanson pic sent a fresh jolt of excitement through British regional electricity shares yesterday with the launch of a £2.5 billion (555.5 billion) agreed bid for Eastern Group pic. This is the first agreed deal in the sector,
        Reuter  -  302 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Westpac launches A$689m bid for Perth bank
        541 18 Reuter SYDNEY Australia's Westpac Banking Corp yesterday launched an aggressive As6B9 million (SS7IO million) bid for Pftrth-based Challenge Bank Ltd, an offer analysts said seemed too high for shareholder to refuse. "But the biggest question is whether the merger, which dwarfs a rival
        Reuter  -  541 words
      • Article
        Lock icon China plans to boost gold output by 50% in five years
        298 18 Reuter OEIJING China plans to boost gold output by 50 per eaat by the year 2000 to become the fifth largest gold producer in the world. "''Cui Dewen, deputy director of the Gold Bureau of the Ministry of Metallurgy,
        Reuter  -  298 words
      • Article
        Quotation of Singapore Government Stocks as at July 31, 1995
        340 18 I' i ft Number Indicative Gross Veer Coupon Amount of day# of middle prices redemption If* «-> I "ST EE <%£) 5L. I :f.8.95 N*****1V 1993 1 5/8# 1000.00 j 1/8 1/2 180 1 100.00# 1.63# •1.9.95 N*****0Z1990 5 3/8#
        340 words
      • Article
        Lock icon Call for calm after run on Taiwan cooperative
        292 18 Bloomberg Business News CHANGHUA, Taiwan Government and bank officials yesterday urged calm after the disappearance of the general manager of Changhua City Fourth Credit Cooperative sparked a run on the financial institution. As of yesterday, the cooperative had given out more than
        Bloomberg Business News  -  292 words
      • SMALLCHANGE
        • Article
          Lock icon Jilin Chemical gets nod for bond issue
          82 18 Reuter BEIJING State-owned Jilin Chemical Industry Group has received government approval to issue one billion yuan (SSI67 million) in corporate bonds to help finance a giant ethylene project, the China Daily reported yesterday. The group was investing about 13 billion yuan in the
          Reuter  -  82 words
        • Article
          Lock icon CL Bank Nederland in debt write-off
          75 18 Reuter AMSTERDAM Credit Lyonnais Bank Nederland faces a 60 million guilder (SSS4 million) write-off on money borrowed by failed real estate company United Dutch, the Dutch daily newspaper De Volkskranl said in a report yesterday. The paper said that a manager appointed to dispose
          Reuter  -  75 words
        • Article
          Lock icon Philippine bank cuts rediscount rate
          45 18 Reuter MANILA Philippine Central Bank governor Gabriel Singson announced yesterday that the bank was cutting its rediscount rate to 8.736 per cent from 13.858 per cent effective today, due to the falling benchmark 91-day Treasury bill rate in June. Reuter
          Reuter  -  45 words
        • Article
          Lock icon Lower claims expected from German fire
          86 18 Reuter AACHEN, Germany Insurers expect to scale down likely losses from a fire in April at Europe's largest hospital, Aachen Klinikum, said managers involved in the settlement. At present, the group, led by Bayerische Versicherungsbank, has set aside reserves of 100 million marks (S$
          Reuter  -  86 words
      • Article
        Lock icon Tiny banks pursue big idea of social banking
        339 18 Bloomberg Business News LONDON Lost among the multi-billion-dollar takeovers of the world's largest banks is one involving two of its tiniest: Triodos Bank's takeover of Mercury Provident. Never heard of them? Never mind. The combination of these European micro banks Triodos is
        Bloomberg Business News  -  339 words
      • Article
        Lock icon ING Bank opens first Philippine branch
        327 18 Dutch bank's move into Manila seen as bid to strengthen hand in Far East Bloomberg Business News MANILA The Netherlands' ING Bank, one of 10 foreign banks granted a licence in February to operate in the Philippines, has opened its first branch. ING Bank
        Bloomberg Business News  -  327 words
      • Article
        Lock icon Oil prices edge back on profit-taking
        315 18 ENERGY REPORT Reuter LONDON World oil prices edged back yesterday as dealers took profits from a US-in-spired rally last week. September London futures for benchmark North Sea Brent blend were trading three cents lower at U5515.99 by 1620 GMT yesterday News last week that
        Reuter  -  315 words
      • Article
        Lock icon New York
        92 18 AFP NEW YORK The US dollar was slightly down against major currencies in early trading here yesterday. At about 10:00 am the US dollar was trading at 1.3790 German marks compared to 1.3805 on Friday evening. Against the yen it traded at 87.97 compared to 88.05. The greenback
        AFP  -  92 words
      • Article
        Lock icon Currency Reports: London
        182 18 Reuter LONDON The US dollar ended the European day little changed from Friday's closing levels after a thin session spent searching for direction. The higher-than-expected July Chicago Purchasing Management Index and June personal income figures failed to enliven the foreign exchange market. "The only buying's been some
        Reuter  -  182 words
      • Article, Illustration
        Untitled
        1439 18 Irade-nngtued index calculated against Spare s lap 14 trading partner, Base yamr I9S! US$/S$ forward rates Noon Jul 31 s> BU Ofcr 1-month 1.3900 1.3915 2-month I.3J79 1.3*94 3-month I 3* SO 13*63 6-month IJ77I 1.3791 Stmrtr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES At at la M 31 Siagapore
        1,439 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen firms on Nikkei futures fallout
        1386 19 Reuter SINGAPORE Simex Euroyen futures closed firmer boosted by a relative fallout at the Nikkei futures. Dealers said Japan's flushed short-term money market situation would continue to support Euroyen contracts. "Euroyen opened easier but was bid late in the day on the fallout in
        Reuter  -  1,386 words
      • Article
        Bullish export figures boost palm oil
        628 19 COMMODITY MQPQIITt fttm Oi Kuala Lumpur The Malaysian crude palm oil physicals market closed firmer yesterday in very active trading with increased buying interest from refineries and large plantation firms. The market was encouraged by the bullish CPO export figures released by private surveyor
        628 words
      • Article
        Asian countries may buy US corn
        66 19 SYDNEY Japan, South-east Asia and Taiwan are expected to buy US corn this week, despite the bullish forces in international corn pricing. The US is looking at a small 1995-96 (Sep-Aug) crop, compared with 1994-95. Taiwan is expected to tender for two shipments of
        66 words
      • Article
        Aussie gold exports down 26%
        64 19 SYDNEY The value of Australian gold exports fell 25.7 per cent to AJ33O million (*****.3 milIjon) in June from A 5444 million in May, Australian Bureau of Statistics figures released yesterday show. Gold export values for the 1994-95 (JulyJune) financial year dropped 9.4 per cent
        64 words
      • Article
        China to produce 94m tonnes of steel
        94 19 HONGKONG China plans to produce 94 million tonnes of steel this year following the January- June output of 46.4 million tonnes, the official Xinhua news agency reported yesterday. The country will also produce 82 million tonnes of rolled steel in 1995, it said.
        94 words
      • Article
        More Chinese copper
        97 19 HONGKONG China's copper production is expected to reach 740,000 tonnes this year, up 7 per cent from 1994, the official Financial News reported yesterday, quoting the Ministry of Internal Trade. The forecast differs from an earlier prediction by the China National Non-ferrous Metals Industry Corp, which said
        97 words
    • Article
      COMMODITY PRICES
      1364 19 SICOM Futeres 521m cM« m at f.Mpn) Ml I Cwtltl (S ccnU/kf) Close Volume Open Month High Low Sen (tonnes) lateral Aug 95 175.JO 75.50 173.30 50 400 Sep 172.50 It 73 Oct 170.00 1900 Nov 170.00 1923 Dec 170 00 1900 J an/Mar 96 167 50 7030
      1,364 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1005 20 -3.4 SHARES closed 0.1 per cent lower yesterday despite Qantas' debut and strong interest in the banking sector. They helped the market a bit, but overseas falls on Friday didnt help and the (June) balance of payments didn't help either," said a broker. The All Ordinaries Index closed 3.4
        1,005 words
      • Article
        Manila
        580 20 +2.56 Manila shares advanced slightly in brisk trading yesterday, riding on the coat-tails of debutante CAP Homes Inc. "No one was actually paying much attention to the other issues," said one broker. The PSE Composite Index rose 2.56 points, or 0.09 per cent, to 2,896.01 on a volume of
        580 words
      • Article
        Taipei
        539 20 -38 Taiwan share prices closed lower as the market was again cautious ahead of a scheduled meeting between Chinese Foreign Minister Qian Qichen and US Secretary of State Warren Christopher today, brokers said. The Weighted Price Index ended down 38 points or 0.73 per cent at 5,180.42, off a
        539 words
      • Article
        Seoul
        404 20 +4.93 South Korean stock prices bounced back after a five-day slump yesterday, closing 0.5 per cent higher, thanks mainly to shares disclosing good half-year results. "The slight advance seemed to be a technical upward correction, following a steady decline last week," said one. The Composite Price Index posted a
        404 words
      • Article
        New Zealand
        255 20 -20.67 Telecom going ex-dividend and a couple of large lines of shares yesterday enlivened an otherwise flat and lacklustre day on the New Zealand share market. The NZSE-40 Capital Index ended down 20.67 points at 2,097.73 and the bulk of that fall was due to Telecom, the market's
        255 words
      • Article
        Bombay
        109 20 -64.65 Blue chips on the Bombay Stock Exchange yesterday extended Friday's losses as speculators hammered prices in response to an "unworkable" carry forward system approved by market regulator the Securities and Exchange Board of India. "Sentiment is still down in response to Sebi's new system and speculators are using
        109 words
    • WORLD STOCK MARKETS
      • Article
        London
        707 20 -5.6 UK BLUE CHIPS closed down but off the day's worst as further acquisition activity failed to provide the spark to push prices higher ahead of a raft of economic datt due out in the coming week, dealers said. "Weaker futures and C fit-taking on US falls t things
        707 words
      • Article
        Paris
        129 20 -12.74 French shares ended a dull day lower in line with Wall Street and with most investors sidelined ahead of Thursday's Bank of France policy council meeting. The Bask is expected to reduce its ceiling interest rate that day. The CAC-40 Index closed down 12.74, or 0.66 per cent,
        129 words
      • Article
        Frankfurt
        218 20 +4.59 Leading German stocks were mixed in post-bourse trading, as a gain in insurer AUianz AG Holding offset declining car and commercial bank stocks. Europe's largest insurance company rose 21 marks to 2,650 after analysis from Deutsche Bank AG upgraded their rating on the stock from "neutral to "overweight".
        218 words
      • Article
        Brussels
        202 20 +1.14 Belgian shares ended a narrowly traded session slightly higher, though dealers said km volumes were exaggerating some prices and predicted profit taking would limit upside potential in the short term. "There's no exciting news for now... People are waiting for a better picture of the economies in the
        202 words
      • Article
        Milan
        175 20 -65 Italian shares closed in negative territory after one of the quietest sessions of the year, trade flows drying up and most investors firmly sidelined. The Mibtel Index closed down 0.64 per cent or 65 points to 10,137 while the Mib3o Index was off 0.71 per cent to 15,049.
        175 words
      • Article
        Amsterdam
        296 20 +0.51 Dutch shares largely wiped out earlier losses to profittaking with the index showing a small gain by the close and just a handful of issues down on the day. The AEX Index closed 0.51 points or 0.11 per cent higher at 458.13 after spending most of the day
        296 words
      • Article
        Stockholm
        149 20 -21.53 The Stockholm bourse dipped sharply in paltry trade, largely as a result of a slump in Ericsson, but a weak trend across Europe also took its toll. The benchmark OMX Index fell 21.53 points or 1.57 per cent to 1,346.18 and shares to a value of 1.5 billion
        149 words
      • Article
        Zurich
        244 20 -5.7 Swiss shares ended easier in slack trade as many investors stayed away from the market ahead of today's Swiss National Day holiday. Dealers said tomorrow would probably also be quiet as the market awaited ÜBS's half-year profit figure due on Thursday. The blue-chip Swiss Market Index closed down
        244 words
      • Article
        Johannesburg
        305 20 +23.2 South African shares made steady gains as support appeared for key stocks despite continued uncertainty and a soft gold price, dealers said. The Overall Index finished 23.2 points higher at 5,438.4, the Industrial Index added 21.1 to 6,819 and the Gold Index was 30.2 points, or 2.1 per
        305 words
      • Article
        Toronto
        210 20 -1.15 Stocks eased in light early trade. Movements may react to second quarter earnings in typically quiet Monday trade, market watchers said. The TSE-300 Index slid 1.15 points to 4,608.39 on volume of 6.42 million shares with a value of C 5105.14 million. Toronto ms a Abrnbi Pnc* 25
        210 words
      • Article
        New York
        699 20 -10.92 Stock prices moved lower in choppy trading early yesterday in New York. The blue-chip Dow Jones Industrial Average was down 10.92 points to 4,704.59 at 11 am EDT. The New York Stock Exchange Composite Index was off 0.58 to 300.80, while Standard Poor's 500-stock Index was down
        699 words
      • Article
        Untitled
        646 20 Britannia Funds Stcriia| Cask BM Oder Mm Cap Deposit 3*6400 3* 6500 Mm Jeney Gilt .0.1*93 0.1992 Mm Mai Income *0 9200 *0 9600 LS$ Cash Ibcoom PK« Fund 10.4900 11 0500 PS Reserve Fund 5.5300 5 5400 -0.4SOT ***** Far East Fund *2.7650 *2 9730 Maa Portfolio 2.0770 2.24J0
        646 words
    • Article, Illustration
      Lock icon HONGKONG
      2460 21 Reuter HONGKONG The blue chip Hang Seng Index ended a mere 1.73 points higher at 9,453.42 in dull trade. Turnover fell to HK52.62 billion versus Friday's adjusted HKS4.O3 billion. "It's no volume, no action. There's a lack of fresh news in the market and nothing much happened over the
      Reuter; Source: Bridge Info  -  2,460 words
    • Article, Illustration
      Lock icon CHINA
      563 21 CLSA DULL sentiment prevailed over the H share market as investors remained cautious ahead of upcoming interim results in August. The CLSA Hongkong H Index dropped 0.6 per cent to settle at 1,166.89 points on slightly reduced turnover of US$9.l9 million. Yizheng and Shanghai Petrochemical dominated over half of
      CLSA  -  563 words
    • Article, Illustration
      Lock icon TOKYO
      2396 21 Reuter TOKYO US buying of hightech issues just about outpaced selling pressure from domestic investors and stocks ended ahead yesterday. Trade was quiet as investors lazily waited for fresh marketmoving news and the resolution of Financial problems at a Tokyo credit union. "There's been broad buying by foreigners," said
      Reuter; Source: Bridge Info  -  2,396 words
    • Article, Illustration
      Lock icon BANGKOK
      1420 21 AFP BANGKOK Thai share prices slumped one per cent yesterday in lacklustre trading as investors stayed on the sidelines amid concern over inflationary pressures. "It has been unusually quiet," said an analyst, citing inflation fears and poor results posted by Financial institutions. The central Bank of Thailand said last
      AFP; Source: Bridge Info  -  1,420 words
    • Article, Illustration
      Lock icon JAKARTA
      1098 21 Reuter JAKARTA Share prices ended mixed in moderate trading following selling pressure mostly in second-liners, brokers said. The Composite Index fell O.SB points, or 0.11 per cent, to close at 511.94 after touching the day's high of 512.56. "Second-liners such as SMART, Citra Marga, Matahari and Duta Anggada fell
      Reuter; Source: Bridge Info  -  1,098 words
    • Article
      CLOB INTERNATIONAL
      2318 22 Gr Cr U* Dn LmQMK Dk Dlt VH IM MC« H%fc Lom Capq Site CM) Hlffc Lmrn Brnff s5w Or P/E Sari MALAYSIAN STOCKS o? *5* 4 i! -IJ «>• <» *0 -19 42 421.7 J2I ,?Z- 5 AMOS 50c 102 -I 334 103 101 101 102 «.0
      2,318 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Surge in blue chips sends index higher
        6674 22 Reuter AFP KUALA LUMPUR Shares ended firmer as selective bargain hunting in blue chip counters boosted the benchmark Kuala Lumpur Stock Exchange Composite Index at the close. 'The market ended firmer because blue chips were moving up," said one institutional dealer with a
        Reuter; AFP; Source: Bridge Info  -  6,674 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        6823 23 Gv Or M Wi WW iff Vri Dn La* QMi Ot. Dtf YM N« Cm Af MM U- Cmmm, Sal. (IN) H* La. Bapac Safer O M |J| Prto —wn mi n—unm 22 iS 1 !2t- 2M 470 444 M4 4M 21S II 2.4 *7 443.4 457 JS 1" J
        6,823 words
      • Article, Illustration
        Lock icon Market focuses on second-liners and YHS tussle
        1859 24  -  By R Sivanithy SINGAPORE The emergence of interest in a handful of previously-quiet second-lin-ers, a large crossing of Yeo Hiap Seng shares and more manipulation of the Straits Times Industrials Index were the main features in an otherwise quiet day in the local
        Charts by Bridge Info; Source: Bloomberg  -  1,859 words
  • Page 15 Advertisements
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      323 15 NEWS VALUE Tang Feng makes counter-bid ler YHS at $5 each (pg 1) A game of poker. Petroaas Gas' unusual price-setting assures shareholders of windfall (pg I) Basis of allotment likely to be controversial as it would be too subjective. Telecom slashes ISDN rates for local calls (pg 1) Steep
      323 words
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      88 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      88 words
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      545 17 FIJ Keppelßank mIA of Singapore Limited (Incorporated In the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at The Board Room, 10 Hoe Chiang Road #06-00, Keppel Towers, Singapore 0208 on 18 August 1995 at
      545 words
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      24 18 -or further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 1800-749-2577.
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      Page 19 Advertisements Column 1
      181 19 CHANGI SOUTH AVIATION DISTRIZONE 12 mins drive to the Air Cargo Terminals Roof loading of 20KN/sq m Ceiling height of 26ft Covered container docks with levellers Cargo lifts of 3 tons loading lIIK CHEONG KOON SENG una TEL: *****20 EXT 18 wmmmirt B^^SINESSTriMES TOLL-PREP, TBI,. No. l-aOO-7.41-I—3 PAX:74Mm NOTICE NOTICE
      181 words
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      Page 19 Advertisements Column 2
      23 19 i.,* J As sad whea the latest Laafaa/ 1 Itotterfcua prkcs are aet araHaUa, the preriow tratiaa 4ay*s dosiag fifaree are carried tastead.
      23 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      140 21 ADVERTISEMENT The Executive Treatment, perfected at Men's Skin Center. For true Executive confidence it is essential you wok your best Good-looking skin is an important factor in enhancing your appearance and giving you a truly successful look. Many common skin problems caused by the tensions and strains of everyday life
      140 words
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      826 24 (|[(=&>`@;:+!!==$;}+>_(%;*,`")? M THE MATTER OF THE COMPAMES ACT, CAP. 50 AMD POLY-MEC ENGINEERING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Mooting of the Company duly convened and held at 80 Marine Parade Road #16-08 Pwfcway Parade, Singapore *****n the 22nd July 1995 the Mowing Special Resolution was
      826 words
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      Page 24 Advertisements Column 2
      275 24 M THE MATTER OF THE COMPAMES ACT, CAP. SO AND SEAWMD ASSOCIATES PTE LTD (Vi Member* Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 80 Mvine Parade Road #16-06 Partway Parade, Singapore 1544 on tie 21st July 1995 the totowing Special Resolution was
      275 words
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      Page 24 Advertisements Column 3
      202 24 M THE MATTER OF THE COMPAMES ACT, CHAPTER 90 AND M THE MATTER OF MALAYAN QUTTAS PTE LTD ON MEMBERS' VOLUNTARY UQUOATION) NOTICE OF FMAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act. Cap. 50 that the Final Meeting of Members of the Compeny wM
      202 words
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      Page 24 Advertisements Column 4
      414 24 Singapore Closing Share Pricos 31/07/1596 mom mm low mam tllllr um im UM UM r*o 7.4 m j At ym rwsl JWIII ><111 tO4 3. OS 104 S.lO bhlvka ii OJI ojm rnii'imni oitaw im i.<m im im J »—i— Ml Oj4Q M(l PiAhshed by Jardme Renwig Internauonal Securities Lrrvted
      414 words
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      Page 24 Advertisements Column 5
      210 24 PROFESSIONAL A GENERAL INSURANCE (SINGAPORE) PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(2) of me Companies Act, Cap. SO thai the Final Meeting of Members ol the above-named Company will be held at 36 Robinson Road *15-00 City House. Singapore 0106 on Tuesday. 5 September
      210 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      520 25 Knight-Ridder Reuter THE Baltic Freight Index for spot dry cargo shipping rates rose to 2,016 on Friday from 2,011 on July 27. A steady firming in rates for north Atlantic Panamax tonnage Anally resulted in higher rates paid for voyage business on the key US Gulf-Japan grain run,
      Knight-Ridder; Reuter  -  520 words
    • Article
      Lock icon Port Klang to provide electronic link to users
      273 25 MBT KUALA LUMPUR All port users interfacing with Klang Container Terminal (KCT) will be able to submit documents electronically soon. The terminal operator's system department is embarking on a programme to streamline and simplify document submission and processing with a view towards
      MBT  -  273 words
    • Article
      Lock icon Nepline to restructure
      168 25 Bernama KUALA LUMPUR Local shipping firm Nepline Bhd, eyeing a second board listing, will undertake a restructuring exercise which includes the acquisition of Timor Offshore Sdn Bhd to expand its services. In a statement here yesterday, the company said it would buy the entire and paid-up share
      Bernama  -  168 words
    • Article
      MARITIME STOCKS
      320 25 SES WO Jul 31 S$ Vol CWT Distribution 1.69 -0.01 12 Chuan Hup Holdings 1.23 +0.01 103 Cosco Investment 2.02 0.09 160 Cosco Investment A 1.74 Far East Levingston 6.95 unch 75 GB Holdings Ltd 0.81 -0.005 15 Hai Sun Hup Group 0.94 -0.005 275 Hitachi Zosen 1.03
      320 words
    • Article
      More shipping giants drop anchor at Subic freeport
      465 25  -  From Al Labita in MANILA THE investment boom and surging cargo business at the former American naval facility of Subic continues to attract some of the world's shipping giants. Five container lines now drop anchor at Subic freeport the Singapore-based Neptune Orient
      465 words
    • Article, Illustration
      Sembawang Shipyard commended by clients for safety efforts
      184 25 SINGAPORE Sembawang Shipyard has gained recognition for its safety efforts from two clients: Petroleum Shipping Ltd (UK) and Esso SAF (France), both of which are subsidiary companies of Exxon Corporation. Sembawang Shipyard was awarded a Certificate of Commendation for Safe Ship Repair
      184 words
    • Article
      Plaintiff may amend statement of claim even after time limit
      584 25  -  ADMIRALTY (ASLHOOK By Selva Kumar MERE errors in a plaintiffs statement of claim may be amended even after the time limit imposed by the Hague Rules expires, said an English court recently. In Continental Fertilizer Co Ltd v Pionier Shipping
      584 words
    • Article
      Lock icon China arrests 30 pirates off Guangdong
      119 25 AFP HONGKONG Chinese authorities have arrested 30 men, believed to be pirates, and seized three wooden vessels, weapons and booty off the southern coastal Guangdong province, it was reported yesterday. The arrested men, whose nationalities have not been established, were rounded up on Thursday
      AFP  -  119 words
    • Article
      Lock icon Ship prices expected to rise sharply before 2000, and then fall
      269 25 Knight-Ridder LONDON The price of new ships is going to rise sharply over the rest of the *****, followed by a significant decline in the first half of the next decade, according to Ocean Shipping Consultants. In a new
      Knight-Ridder  -  269 words
    • Article, Illustration
      Maiden call at Bremerhaven
      76 25 SINGAPORE Neptune Orient Lines* new container ship Neptume Sardonyx called recently at the BLG container terminal in the German port of Bremerhaven, while on its maiden voyage. The 294-metre-long vessel, built in South Korea's Samsung Heavy Industries shipyards, can carry a total of 4,400 TEU containers.
      76 words
    • Article
      Lock icon Daewoo to take major stake in Romanian yard
      367 25 Lloyd's List SEOUL South Korea's Daewoo Heavy Industries is set to gain a majority stake in Romania's shipbuilding and shiprepair sector. It is expecting to finalise a contract this month whereby it would obtain a SI per cent holding in the hitherto
      Lloyd's List  -  367 words
    • Article, Illustration
      Lock icon Dalian seeks to be new HK
      663 26  -  Pressure is being put on the port authority to woo foreign investment, reports Sandra Worthington Sandra Worthington Lloyd's List Maritime Asia j HE Chinese port of Dalian is undergo- ing major develop- ments to become a .A. hub port for the north-east and this
      Lloyd's List Maritime Asia  -  663 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      319 26 P*e •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrenkiel 4 •Appenship 4 Astro 10 Austral 11 Avant 6 USA II Batamindo 7 Bright Express 6 •C'CNI 4 •CM A II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho
      319 words
    • Article
      THE SHIPPING GUIDE
      10533 32 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore folkswed by the ETA at the destination. The page number refers to the location of the schedule advertisement Ett ETA MmMill VaaaM MW P| ETI Ml Pwn mm mm m. m.
      10,533 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        557 37 Mi Mb Antval Depariwe L-Z Ml) taint J1 atongade 01.08/2300 <*»» W* J2 atongade 0108/2300 5*ss« Reefer J12 akx«ade 0108/2300 Jay Chuan XW/B 121 0108/0700 Be 07/08/96 J1 atongade 01.08/2315 <ando J1 atongsjde 01.08/1300 SfMC Pi« 9503 J7 atongade 0108/0600 Tfctto Pol# 10/8 10/95 J3 atongade 01.08/2300
        557 words
      • Article
        CONTAINER SCHEDULES
        1417 37 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO beard Rdb SNp »T Hi «fc/B> Nrtrt Fnm It hm Aa Swan 181A 02/0200 IB 31/1500 31/1659 31/1900 3 01/0700 01/1159 01/1400 A* Victory 0063A 03/0200 IB 31/1500 31/1659 31/1900 3 01/0700 01/1159 01/1400 4 01/1200 01/1459 01/1700 Anro Ausl
        1,417 words
      • Article
        COCKETT BUNKER MARKET REPORT
        882 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
        882 words
    • Air & Land Transport News
      • Article, Illustration
        Airbus hopes to outfly Boeing for SIA's US$5b order
        559 38  -  By Alec Almazan SINGAPORE Airbus Industrie feels it has the edge over Boeing in the race for the recently announced US$5 billion (Ss7 billion) tender for 33 twin-engined wide-bodied aircraft by Singapore Airlines. The Toulouse-based aircraft manufacturer is basing its hopes
        559 words
      • Article, Illustration
        United Transport Tankcontainers moves into Asia-Pacific
        73 38 SINGAPORE United Transport lankcontainers (UTCC) is expanding its ISO tank-container operating business to the Asia-Pacific region. It has appointed Ben Line Agencies as its representative throughout the Far East UTCC is a member of the distribution services division of BET pic, a leading industrial
        73 words
      • Article
        Lock icon Call to merge East Midlands and Birmingham International
        204 38 Airports on the move Reuter LONDON East Midlands airport owner National Express Group pic has approached the seven local councils that own Birmingham International airport and suggested the two airports merge, The Sunday Times said. This would create a £245 million (*****.9
        Reuter  -  204 words
      • Article
        Lock icon New York City to study restructure of John Kennedy and La Guardia
        199 38 Bloomberg Business News NEW YORK New York City requested consultants to submit proposals to study restructuring operations of, and possibly selling off, John F Kennedy International and La Guardia airports. Last week the city's Economic Development Corp said
        Bloomberg Business News  -  199 words
      • Article
        Lock icon BAA more keen on US and Australia than Europe
        175 38 Reuter LONDON Airport operator BAA pic is interested in acquiring more airports, but its priority is Australia and the US rather than Italy, as media speculation suggested, a company spokesman said. The Sunday Telegraph reported the company was interested in managing
        Reuter  -  175 words
      • Article
        Lock icon USAir may face tough battle to cut costs: union
        248 38 Bloomberg Business News ARLINGTON, Virginia USAir Group Inc may face an uphill battle trying to cut labour costs via traditional negotiations, one of its unions warned. The sixth-largest US airline recently said differences on key issues precluded it from going ahead
        Bloomberg Business News  -  248 words
      • Article
        Lock icon Passages to spread its wings to South Africa, West Asia
        370 38 MBT KUALA LUMPUR Passages, Asia's frequent flyer programme, will be expanded to South Africa and West Asia. The programme is initially tailored for Asian residents who fly on first and business classes. Asian Frequent Flyer Pte Ltd relationship marketing manager
        MBT  -  370 words
      • Article
        Lock icon MOU on Indon MRT project
        97 38 Reuter JAKARTA Indonesia will sign a memorandum of understanding today with companies that have won the contract to build a USSI.S billion (SS2.I billion) subway mass rapid transit (MRT) project for its capital, a government official said. President Suharto approved plans in February for both
        Reuter  -  97 words
      • Article
        Lock icon Ford sees Japan sales of 100,000 in `96
        119 38 Reuter TOKYO The Japanese distributor for Ford Motor Co cars, Autorama Inc, expects to sell 100,000 cars in calendar 1996, up from an estimated 64,000 in 1995, a spokeswoman said. Autorama, owned 45.1 per cent each by Mazda Motor Corp and Ford,
        Reuter  -  119 words
      • Article
        Lock icon Australia, Vietnam sign air pact
        88 38 AFP CANBERRA Vietnam and Australia have signed an agreement allo\ving scheduled regular flights between the nations to begin immediately, officials announced yesterday. The agreement was one of two unveiled on the first day of a visit here by a delegation of Vietnamese political and business
        AFP  -  88 words
      • Article
        Lock icon New Heathrow rail link delayed
        119 38 Reuter LONDON British airports operator BAA pic said its new Heathrow Express rail link between the airport and central London is now not likely to open before mid-1998, due to delays in construction of the new link's station at Heathrow. Earlier, BAA had said in
        Reuter  -  119 words
      • Article
        Lock icon Opel corruption may cost more than forecast
        254 38 Reuter FRANKFURT Car maker Adam Opel AG's corruption scandal may cost the company more money than initially forecast, but the total damage is still unclear, a company ofTicial said. Opel is a General Motors Corp unit. Company spokesman Klaus Mauer on Sunday told
        Reuter  -  254 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1423 38 AIRCRAFT ARRIVALS DEPARTURES q» mm ra mm n> Ma Ml GA974 0020 GA882 2310 MM QF081 1930 QF082 2065 SQ228 2120 ImMmi GA897 1306 GA974 0020 K1837 1450 KL844 0110 SQ327 1630 KL838 2300 Sqpag 2356 SQ348 2250 MdMM NZ073 1545 SQ288 2045 SQ286 2040 WZ074 2340 a Sari >m»M
        1,423 words
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      43 25 BELIZE HONDURAS PANAMA RKgOFSHKW PTE LTD For registration of vessels, survey issue of Technical Certificates on behalf of maritime authorities of Bdizci Honduras Panama Chilian seeks to be new Hongkong: Page 2 Airbus hopes to outfly Boeing for SlA's USssb order Back Page
      43 words
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      Page 25 Advertisements Column 2
      14 25 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 Pis see Ptj 3 for schedule
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      Page 26 Advertisements Column 1
      1161 26 -B it >JB O A R" P~| J| Former NOL manager joins SMOU to bold sbipbroking Queensland company ami chartering seminar MJ'| I Imm ric Bock, formerly ol Neplune The Singapore Maritime Officer's Union (SMOU) is ;^-Ho Ufc^"'^to9ue<)f E Orient Lines (NO), is now 5? Wmg s eminar 00 Prin
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      Page 26 Advertisements Column 2
      197 26 Lines and service* represented by Members of the Registry of Accredited Shipping Agents, Singapore National vajjMi) Shipping Association. for advertising enquiries, contact Shipping Times. Td 740-2089 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday BusinessEmes lADTTYA PRAKASH OMX OMR KdrrVANi/UK/Nmtoa I I WORLD
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      Page 27 Advertisements Column 1
      947 27 WHOLESALE CENTRE, BLOCK 1, #03-10 SINGAPORE 0511 BOOOUOO«KNQUMUU en NO> 10M*****00W If* H525? 8 (12 lines) FAX: *****16/*****23 TLX* *>*****/***** FtSHIP VOY SW ETA SMiTD DCSTHAJION 07/ M WJU/KIEMMMG .WW* I 9/95 10/08 12/08 PONTUNAK/SINTnE 5 OVM 07/08 HMHU/MMIK 05/W "M* JAWHA/MMG ,4/w M* JA*A*U/FAOUG QAfOJAUD 14/95 21/01 23/01 JAMO/MM*
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      Page 27 Advertisements Column 2
      1410 27 PACIFIC SOUTH WIST EXPRESS (DIRECT) IvBSE VOY MIITA Iswnp I U> I OAK I Oi M eg I MOU I WTC I MOB i O* AUJGAIOO VKIORY AM 03/01 04/18 38/08 22/08 I 23/08 I 24/08 I J4/00 25/08 I 2S/M IVM I 20/ M I MAOONAC Wrt 07A I
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      Page 27 Advertisements Column 3
      697 27 (g) HANJIN SHIPPING I™YBW w|« IBWYBW I» I TYI I ruG In—waa vot I m |nw»Ba w|wl u I im| IHMUHfMffWW mi ***** I h/m I BflLlii/M 1 nuumukmii« mtT vw m/w 14/w gg aES g Sffl SS —shSSS ™n£ Ume S SS Eg S2 r?£! "ff ii/w iimiw6 4S«
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      Page 28 Advertisements Column 1
      737 28 mm I A f A f W m A i—————■ KSsa Ml i tM M i sm P.BLMC SM KG UO DO 91 (OK W liWßßaamss k?4» i? 7 w7T 30/4 ~yy 37 n/7 Wi~ ~vn ~iru~ mrwkbwbs ovb7 yi m tn t/y wi ~W wT ~W~ ~vT S,^ —-^-ie
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      Page 28 Advertisements Column 2
      983 28 I norasht VESSEL VOY SM ALO LAS KL VAL HAM SRE ROT ANT FB. LMA MM 2MI tw aw (7« Mi n« M Ml M 22!2 W 221 2SHMMMBMIBIMMMMMMMNMMMI7M *»na MM-1 MM MM MM MM IM* 1M 11M 11M IZM UM UM (lvalue mmmmnmwmamumHmamttmnmvmam mumumm smw mm mm hm mm
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      Page 28 Advertisements Column 3
      513 28 japan/honokono/stiiaits i—Hum •cwvtcg LOADING FOR PORT KLANQ/PENANQ *>Y »TOWi PBUOAMQ MM Tfß I 1a iw gss--TMUMM WW* I ItD I wmnm 1 ~bauT mMm 7i MAIN f?Mi r mbjnauenpati i ~rnim~- jTBT- wyomn a wow _SD9S 1» WAIM "MAUS" INA TEUJNA 11 17 AUG 1 YAYASAN MTU IT" 17 MM
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      1235 29 H STRAITS SHIPPING PTE LTD 10 Hm ChlMfl Road *11-01 Koppel Tram Ihgw 0200 Tsl: *****00 Fax: *****17 kjnew quinca pacific uwi (A SERVKJE OF CHINA NAVIGATION CO) CARGO DUE SAILS UmSff 2722LTL 2E2 l a MAa m lf rmiw—inim mtn H«o7tai HAH wmo- wiiw miwmmwimowmiw —I "MM.!*** 12 A
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      Page 29 Advertisements Column 2
      1602 29 B&O Containers (Singapore Agencies) Pte Ltd First Class Connections WORLDWIDE Tel: 225 2233 .*Tdex: RS ***** PNOCSP F»x: 7517 CR Number *****9 *****/. EXROHT IMPORT vov *wkj sin sou ant hot ham oot mm lsm •Sum!? ®608 31/07 01/08 03/08 21/08 23/08 25/08 2BS GOT HOT HAM Ml SOU LEM
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      Page 29 Advertisements Column 3
      527 29 lOWMOUMP w T Htt IWO I W I B f m fBTB IKM I W MCJ IU» |»WMMWMMI 2M7 Mt7 MM| B4IM I7M |MM| MM 11M I- 1 |MM "jjjT WmT "i>M~ I WAN HAI ?1i 4MM |CMIOM I MM M47M I 11M 112 M IMMI HM I 2MI I
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      1135 30 ~W V aai V J f 1 1 I I J 1 J """1 ""I 1 1 I A. I J EUROPE/UK/gCAMPtHAVIA/RMLANPMUSIIA ■:1 isSKSr [yi ST S! S5 SX "5 T U T W TipSl i 2SEL2. 122 12 M M M M (mmkhk 11/7 13/7 ii/ 7 14/7 12/7
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      Page 30 Advertisements Column 2
      762 30 1 B I iSHZ S 555 5=5 E3 I I COAOMA nsMaw M mm IXM KM ISM jMONWAfIO tBSM)I4* 14M nS MM £2 II S££J2! 22 SS rw mm 2S ■UMCBOWN KMI-etW 2MI Ml M |7M MM HM 3MK I »mc«T(iwMaMoai).BSwuiwi>MuwiMi irr«iNw«[KwwiwJoMcgTaiggac9o 111 MAURfnUS/SOUTH AFRICA BERVCE I lunmlui £um* M
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      Page 30 Advertisements Column 3
      513 30 '^■^^*M3MAFSNEAQSS^B|FTEn^n UTEL *****33 (12 UNES) FAX: *****10/*****03 m] TELEX: RS ***** MMP (3 Unw) {^=J CRNO: **********0E ffi ETHIOPIAN SMPPMGIHES AbcEPIING FCL AND CONVENTIOIUI *<5 ETA •as >POT Atoyo* 41WB 22/06 46W8 28/10 opbouH 1 L___| A—to, Mmm„, B KIEN HUNG LINE FULLY CONTAINERISED REGULAR LINER SFHVTnr ACCEPTING BOTH PCI7LCL
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      Page 31 Advertisements Column 1
      2273 31 r H H MAMi. ODESSA Mi' cawTMnz««M i jjjg (MUttO('' M (6—nl): ttilttt tilf/utlit 4#««cy hft CUSTAR SHIPPING PTE LTD r (9B£foißS/ m c*»wf. «NN<«M mmntik-MONW ~k I MMh W»r #»7-M THn tUSI COtHIt (HmlfMtf UtMH M IMf7M Op**— twulwi; <Wi»l fP—Jyt nmjirmmmm JZumm wAT" »«WMifN fij? !o m: U
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      Page 31 Advertisements Column 2
      619 31 Jt FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 SSL HOT *****33 (3 BARCELONA/SPAIN 02/08 LEHAVRE/FRAHCE 04/00 MARSEILLE/FRANCE 03/08 H«MRI)RG/BREMEN 04/08 GENOA/ITALY 05/08 ANTWERP/BELGIUM 04/08 GOTHENBURG/SCAM 06/08 ROTTERDAM 04/08 AARHUS/COPEMHAGEN 06/08 FEUXSTOWEAJK 07/08 LOS ANGB.ES/WC/lPt 04/08 SYDNEY/MELBOURNE 02/08 NEW YORK/EC 04/08 FREMAMTLE/ADELAIDE 03/08 VANCOUVER 04/08 BRISBANE 04/08 TORONTO/MONTREAL 04/08
      619 words
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      Page 34 Advertisements Column 1
      970 34 livesaa. voy s m 3St vessel Tvoy VESSEL r~VOY ra IIWAHA BHUM MM W*d 00/08 'Id I asm OURU BHUM 511* Tu» »PI Thy 03/08 HATHABHUM m Ww) 1 02/08 St I MAM ft™ W 225_ M JUL SOU ««5_ mathu BHUM- nan SST" awT'"ST" "oSS" 1115 522! S-_ YANTRA
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      Page 34 Advertisements Column 2
      646 34 J 9 AWON WOAP, 421-01, gIWOAPOftI 0207 CW > *****02Q000N *nwT» wurnui «khvw PO«T KLAWO PENANQ I WL VOtO. VOT Mi FBI SSSJMU XOUR SPORE ***** 0306 THU OSQ6SAT -jg*r -UfißE rn OZfiLMOS XUURTTNGGI ***** 0406 ffil 0606 SUN DRAGON WAS fig 0606 SUN 06Q6TUE igjßr -=2« —STSHtS; 9Z^«N xoußsmt
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      Page 35 Advertisements Column 1
      573 35 i ißS^i MYANMA iflgßk FIVE STAR LINE (Myanmar National Llna) w Loading for Yangon (Rangoon) I pon P.KJg HN P 6d« (SMAJLIA In PI HPA-AN 05AM MALAYSIA AGENTS: OOUSTEAO SHIPPING AGENCIES KUL: TEL 82-03-*****00 PKL TEL 02-03-37M101 PEN: Til 02-04-*****02 POO: TEL 02-07-*****21/4 tafL NIGERIAN NATIONAL MP SHIPPING LINE SPORE
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      Page 35 Advertisements Column 2
      810 35 ADVANCE CONTAINER LINES (PTE) LTD* A P I 100 OoeO Sbwt, #12-00, Pt WWMg, Stngoporo 0100 Li TEL: *****21, FAX: *****10, TELIX :R8 ***** ACLPL CR NO. **********0E liUtmMtmkkwTV3s?Hft umZSZZ) taunt* mi |fIMB Udl am m w/■ a bum "iw" w» wm mm u «m ot w WOW 100/ M
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      Page 35 Advertisements Column 3
      713 35 I**********Z |V—a* [Will tgHQME IWWURO TllMa.MIJHT ROTTEROQM WWW WJ-EOE NORMA MB* 01/00 m06 MAS 2MM 27/08 2MB VMJDCCAWNA CXW 0*00 2*08 WW (WW OOOO pgr mll£ oe SAorm mow torn ovn 07/00 own km* iiw\ALL1 PAPULA A1CW 1*08 14/08 1*08 17/0$ 1M» > ALSO ACCEPTMQ CAROO TO ALL U. K.
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      Page 36 Advertisements Column 1
      599 36 A km AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi, Islamqala (Doqharvn) ■WMPMWB C.1.5./RUSSIA: Alma Ata. Ashkhabad. Baku (Dushanbe I Militzer Munch Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, International Forwarders Novosobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Mongolia: Utaan Bator N Korea: Pyongyang, Nampo I express container service to west coast south america ALSO
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      Page 36 Advertisements Column 2
      588 36 LMCS) KUCMNQ: (t*2) own SSSsk,,«-» kssSS lASIA HKB/TWM/BKKI GENOA/EUROPE I I PEN PKL SIN DAILY RECEIVING r w w j* SIN 1/8 2/8 3/8 HKG/BKK/KEE/KHH hJß#n/S 7/8 4/8 5/8 6/8 HKG/BKK/KEE/KHH .h *E S 5? _S« 2 SS WMMWEMHH ZICSS2SL 2/8 3/8 1 J"?* 3/8 SHANGHAI/DALIAN JPMOREA/MAJIHA I XIAMEN£EUING Manila/CatMJ
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      Page 36 Advertisements Column 3
      306 36 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE RORO CARRIER SPECIALIZE IN HEAVY UFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 90 TONS Lot laS| g I ASIAN AN6& 4 «1/| MSB GODANO )/t <*B-T S IS/I 1 M/l N/l KUNM9/I OMHTU.Y M/l |7/| otAiwar m m/i MMeaoci2/I,ho o« mnn on HAI mOMB,
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  • Page 37 Miscellaneous
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      Page 37 Miscellaneous Column 1
      133 37 r REGIONAL WEATHER v v n x»\> 10^ LECfNO; R Thunderstorm Temperature c A A sho w#r Wiothw Wind dfrection with ipwd in knot* ##ROin Wnva fy^Xi Cloudy Sky Wov Serfece wM* ere ndfceted by errows wMdi fly vttfc tiie *M One KJ arde npwwnh cafcn or kght and variable
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