The Business Times, 8 August 1995

Microfilm: NL20016
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 SINGAPORE BusinessTimes WE KNOWA3IA MITA(P) 194/12/94 Tuesday August 8 1995 Si-
    11 words
  • Article
    Lock icon Dow up 18.31 points
    62 1 Reuter NEW YORK The stock market rose yesterday, rebounding on bargain-hunting after last week's loss, but trading was quiet. At 2pm EDT, the Dow Jones Industrial Average was up 18.31 points at 4,701.77. In the broader market at Ipm EDT, advancing issues beat declines 11-8 on
    Reuter  -  62 words
  • Article
    Untitled
    162 1 Stock market radices Monday Change STII 2.096.44 -14.10 KLSEComp 1.056.57 -14.50 Nikkei 16.615.46 -125.74 Hang Seng 9.318.40 -44.43 SET Index 1.327.47 -30.72 Jakarta Comp 515.74 +1.90 Manila Comp 2,882.84 -9.24 Taipei WPI 4.919.11 +95.25 Seoul Comp 907.84 -6.32 Bombay BSE30 .3.413.48 +18.31 CLSA China B 857.30 +11.94 AustAUOrd 2.152.8 -0.5
    162 words
  • Article
    Up to 108 KLSE stocks to go scripless by year-end
    606 1  -  Fears over Clob's viability return as exchange releases time-table to convert all 330 listed companies By R Sivanithy SINGAPORE The Kuala Lumpur Stock Exchange has targeted as many as 108 Malaysian stocks to go completely scripless by December, once again
    606 words
  • Article
    PSA signs MOU for first China port venture
    227 1 SINGAPORE The Port of Singapore Authority yesterday signed a memorandum of understanding for its first port venture in China. With the port authority of Dalian, a city in north-eastern Liaoning province, the PSA will jointly redevelop, manage and operate the Dayaowan Container
    227 words
  • Article
    YHS announces a profit rise — and a poison pill to ward off Camerlin
    562 1  - YHS announces a profit rise and a poison pill to ward off Camerlin By Lee Han Shih SINGAPORE Listed softdrink maker Yeo Hiap Seng Ltd yesterday unveiled some good news in its interim results, along with a poison pill aimed at warding off a takeover bid by Camerlin Pte Ltd.
    562 words
  • Article
    SES amends Listing Manual
    298 1  -  More on directors' pay Summary annual reports By Lee Han Shih SINGAPORE Directors of Singapore listed companies will soon have to reveal more about how much they are paid as a group, but they need not reveal individual salaries. This change which applies to financial years
    298 words
  • Article
    Habibie plans aggressive aircraft marketing
    360 1  -  Fran Leslie Lopez in JAKARTA INDONESIA is proposing a more aggressive overseas marketing strategy for its ambitious aircraft project, which Research and Technology Minister BJ Habibie maintains is still viable. A key component of the marketing programme is the homegrown CN-250 airplane, which is scheduled
    360 words
  • Article
    Creative shares hit all-time low, set to remain depressed
    341 1  -  David Mok SINGAPORE Investment analysts appear to be generally optimistic about the longer term future of Creative Technology, but they believe the company's shares will remain depressed for another three to six months at least. Yesterday, the firm's share price on
    341 words
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      Page 1 Advertisements Column 1
      155 1 BREATHT AKINGLY FRESH DECEPTIVELY AMAZINGLY STRONG. BT Online Look us up at httpi// www jksHm I xom^g/biztimes Nan CMpaaitt S-pore News 2 S'pore-Wsa 13.14 fepDiHl News 4,6 Financial 16,17 World News 12 m«Ms Oob/KLSE. SES 20-22 Faatavn Regional 18 Foob 5 World 19 Edtornl 10 Currencies 16 IV/litetjte 9 Smex/Commo
      155 words
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      7 1 Property: Pg;/ S'pore firms eye NZ hotel
      7 words
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      24 1 Hock Lock Siew: pg 13 Telecom's ADR plan may not move prices •B J Habibie: Minister with an uncanny knack of getting his way,
      24 words
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      Page 1 Advertisements Column 4
      128 1 PGLY FRESH DECEPTIVELY AMAZINGLY Bottom Line: Pg 12 Exorcising old ghosts Hock Lock Siew: Impact of scripless KLSE exaggerated, Pg 13 How sound? THE ANALYSTS could fane crucified Sim Wong Hoo, after Creative Technology's dhawl results. Instead they reacted caatioosly, evea optimistically. Bat it would be a mistake to hrtiipni
      128 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Share market sparkled in July
        318 2  -  By Paul Leo AFTER a drop in June, turnover on the Stock Exchange of Singapore shot up in July because of a quarterpoint cut in US interest rates and confusion over the new commission system on the Kuala Lumpur exchange. Last month, the main board
        Source: SES  -  318 words
    • Article
      Operations back to normal at Changi airport
      132 2 AIRCRAFT movements at Changi were back to normal yesterday morning, after thun- derstorms damaged some air- traffic control equipment on Sunday night. "Normal operations at Changi airport have been restored," said a Civil Aviation > Authority of Singapore spokesman. T" The Air' Traffic
      132 words
    • Article
      Parliament passes bill to form Land Transport Authority
      575 2  -  By Christopher Tan THE Land Transport Authority Bill passed through Parliament swiftly yesterday, with Communications Minister Mah Bow Tan saying the target was to set up the new body by Sep I. Mr Mah also revealed that the Mass Rapid Transit Corp
      575 words
    • Article, Illustration
      MRT line to go through Potong Pasir
      446 2  -  In Parliament Yesterday By Chuang Peck Ming WILL the $5 billion north-east MRT line (NEL) pass through Potong Pasir? Communications Minister Mah Bow Tan's reply to opposition MP Chiam See Tong's question was "Yes". But that did not mean the trains running from
      446 words
    • Article, Illustration
      Malaysians can't withdraw CPF till 50
      104 2 MALAYSIANS with accumulated savings in the Central Provident Fund (CPF) still cannot withdraw them until they reach 50. The existing withdrawal rules will not change even though all foreign workers are now exempted from compulsory CPF contribution, Labour Minister Lee Boon Yang (right) said.
      104 words
    • Article
      CPIB looking at shipyard bribery case
      97 2 THE Corrupt Practices Investigation Bureau has initiated investigation into a bribery case involving Keppel Shipyard and a British employee of oil giant Exxon, Home Affairs Minister Wong Kan Seng said. The employee, who handled shiprepair contracts for Exxon's Southhampton subsidiary, Petroleum Shipping, was reported
      97 words
    • Article
      Impact of Penang-Songkhla bridge
      87 2 IT is still early days to assess the impact of the proposed Penang-Songkhla land bridge on Singapore, Communications Minister Mah Bow Tan said. The preliminary feasibility study of the project proposed under the Indonesia-Malaysia-Thailand Growth Triangle economic cooperation has not yet been completed. The project reflected
      87 words
    • Article
      SIA needs to keep its youthful image
      107 2 SINGAPORE Airlines' cabin crew are exempted from the Retirement Age Act so that it can keep its youthful image and stay competitive. Labour Minister Lee Boon Yang said. "While the basic objective of the Retirement Age Act is to provide opportunities for Singaporeans
      107 words
    • Article
      New CPF Bill covers A shares too
      65 2 NOMINATION rules under the Central Provident Fund Act have been extended to include the disposal of Singapore Telecom A shares and other shares sold under tft National SapeOwnership Scheme, with the passing of the CPF (Amendmeupplpi If any nominees are unable to receive
      65 words
    • Article, Illustration
      Lock icon DBS Land may take a piece of Chantilly's cake
      525 2  -  By Jenny Lam PROPERTY company DBS Land may be diversifying into the cake business soon. It plans to take a 20 per cent stake amounting to $3.3 million in Chantilly Holdings which owns a cake shop chain in Singapore and China.
      Photo by Arthur Lee  -  525 words
    • Article
      Natas wants laws to stop travel agents from giving discounts
      397 2 THE National Association of Travel Agents Singapore (Natas) has proposed legislation to regulate the industry and to eliminate discounting. Natas said doing away with discounting would help travel agents become profitable, so that they could focus on improving service. A
      397 words
    • Article
      Conner's disk media unit to spend up to $180m on S'pore plant
      311 2 SINGAPORE CDD, the disk media subsidiary of US disk drive giant Conner Peripherals, will invest $150 million to $180 million in its new disk media plant here during the next few years. The new plant, at Tuas, will
      311 words
    • Article
      Car repossession cases on the rise, say finance houses
      647 2  -  Economy's slowing growth among reasons cited By Christopher Tan THERE has been a noticeable rise in the number of cars repossessed in recent months, according to finance houses, credit companies and used car dealers. For some, the number doubled in the
      647 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      201 3 With the right partner beside you the only way is up To succeed in an increasingly competitive world, it takes more We offer you direction, specialist knowledge and the most than just talent and vision. You need someone you can rely on effective means of getting you there. With a
      201 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Philippines urged to slash corporate tax
      99 4 AFP MANILA The Philippines' main business organisation urged the government yesterday to slash corporate tax by 25 percentage points to 10 per cent as part of a tax reform initiative. The Philippine Chamber of Commerce and Industry said government studies to cut the corporate
      AFP  -  99 words
    • Article
      Lock icon Renong seals M$4.4b LRT deal
      74 4 AFP KUALA LUMPUR Malaysian-listed Renong group yesterday sealed a 60-year concession deal with the government to build and operate a 29-km light rail transit (LRT) network using Canada's Bombardier technology. Under the M 54.35 billion (552.46 billion) deal, Renong's wholly-owned subsidiary, Projek Usahasama Transit Ringan
      AFP  -  74 words
    • Article
      M'sia labour force to grow 2.7%
      105 4 KUALA LUMPUR Malaysia's labour force will increase by 2.7 per cent annually and reach 9.2 million by 2000, but the pace is slower than the 2.9 per cent annual growth in employment, a minister said yesterday. International Trade and Industry Minister Rafidah Aziz said
      105 words
    • Article
      Lock icon Philippine family income up 0.6%
      53 4 Bloomberg Business News MANILA Inflation adjusted average family income in the Philippines rose 0.6 per cent from 83,330 pesos (554,546.40) in 1991 to 83,833 pesos 1994, according to a government survey. It said family income was becoming more evenly distributed among different levels of society.
      Bloomberg Business News  -  53 words
    • Article
      Lock icon Sikap, Tenaga, Renong in M$24b Indon power project
      196 4 Bernama KUALA LUMPUR The Sikap Group of Companies, together with a consortium comprising Tenaga Nasional Bhd and Renong Bhd, have received approval from Permodalan Modal Asing of Indonesia to undertake a Ms 24 billion (5513.6 billion) joint venture power plant project, it
      Bernama  -  196 words
    • Article
      Lock icon Manila SEC dispute: Four commissioners quit
      477 4 Reuter MANILA Four associate commissioners of the main Philippine financial markets regulatory body resigned yesterday after President Fidel Ramos personally intervened to end a long-running conflict within the agency's top ranks. But there was still no word on whether Securities and Exchange Commission (SEC)
      Reuter  -  477 words
    • Article, Illustration
      Lock icon Dr M dismisses talk of tilting towers
      346 4 AFP KUALA LUMPUR Malaysian Prime Minister Mohamad Mahathir yesterday endorsed the quality of Korean construction and dismissed rumours that two towers here being touted as among the world's tallest were tilting. "We think Korean quality is still very good," Dr Mahathir said of
      AFP; Reuter  -  346 words
    • Article
      Lock icon Thailand to streamline calculation of CPI
      337 4 Reuter BANGKOK The Thai government said it is streamlining the way it calculates the consumer price index (CPI), but market analysts yesterday said any move to tinker with Thailand's inflation indicator will hurt the government's image. Deputy Commerce Minister Pairote Suwanchawee said late last
      Reuter  -  337 words
    • Article
      Lock icon Manila to ease terms in bases conversion joint venture
      224 4 AFP MANILA A government agency yesterday agreed to be more flexible in setting conditions for prospective private partners in an 18-billion-peso (Ss9B2 million) property development joint venture. Officials of the Bases Conversion Development Authority (BCDA) at a conference told representatives of
      AFP  -  224 words
  • CHINA/HONGKONG/TAIWAN
    • Article, Illustration
      Lock icon Foreigners turn wary after Taiwan financial crises
      456 4 Reuter TAIPEI Foreign investors' confidence in the Taiwanese stock market has plunged over recent Financial crises, and fund managers said yesterday the government's handling of the aftermath would be a key to their future investments. "One or two weeks ago we were still
      Reuter; AFP  -  456 words
    • Article
      China to slowly increase investments abroad
      289 4 BEIJING China is to gradually beef up its investment abroad, China Daily reported yesterday. Since 1979, China has launched 4,739 projects overseas with a total investment of U555,327 billion (557.447 billion), the paper quoted Ministry of Foreign Trade and Economic Cooperation (Moftec) as saying.
      289 words
    • Article
      Lock icon Taipei police arrest bank manager in fraud scandal
      268 4 Reuter AFP TAIPEI Police arrested a Taiwan bank manager yesterday in connection with an NTS2.B billion (Ssl4s million) fraud scandal which led to the collapse of the Fourth Credit Cooperative bank in the central city of Changhwa. Yeh Chuan-shui, the former manager
      Reuter; AFP  -  268 words
    • Article
      Lock icon Analysts see HK growth remaining strong
      167 4 AFP HONGKONG Hongkong's economy is heading for continued "robust growth", despite recent data indicating rising unemployment and lower consumer spending, a survey said yesterday. A straw poll, conducted by the Eastern Express daily, found a consensus among analysts and economists here that domestic investment
      AFP  -  167 words
    • Article
      Lock icon China to help poor college students find part-time jobs
      119 4 AFP BEIJING China will promote work-study programmes for some 80,000 poor college students whose access to tertiary education is threatened by the introduction of high tuition fees, a report said yesterday. All-China Students Federation secretary-general Jin Dong said the federation planned
      AFP  -  119 words
    • Article, Illustration
      Lock icon Heavyweight leader
      59 4 AFP XIAMEN, China This Cultural Revolution-vintage giant porcelain Mao Zedong badge is believed to be the largest Mao badge in China. Bo Yi Entertainment Company in Xiamen bought the badge, which is one metre in diameter and 50 kg in weight, for 23,000 renminbi (553,860) but has received
      AFP  -  59 words
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  • FOCUS
    • Article, Illustration
      Minister with an uncanny knack of getting his way
      1587 5  -  The growing influence of Indonesia's B J Habibie Reports by Leslie Lopez in JAKARTA FEW things infuriate Research and Technology Minister BJ Habibie more than criticism against his pet airplane project. "All these attacks are (the result of) fcias and not
      1,587 words
    • Article, Illustration
      Vast business web of the Habibie clan comes under close scrutiny
      641 5 IN A corporate brochure to potential partners and investors, Indonesia's little-known PT Repindo Panca says its driving philosophy is "staying one step ahead of technology". What the information sheet does not say is that it is part of the
      641 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      360 5 After five successive years We are proud, we are prestigious, because we are. I maSf in Indonesia NATIONAL PRODUCT, NATIONAL PRIDE, NATIONAL PRESTIGE is back to Singapore for the sixth time with more participants and range of products HALL 6, SING APORE WORLDTRADE CENTRE 5 August 1995, from 01.00 p.m
      360 words
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  • ASIA
    • Article, Illustration
      Lock icon Scrapped Enron deal may deter foreigners: Singh
      455 6 UPI AFP NEW DELHI Finance Minister Manmohan Singh said the recent cancellation of the country's largest-ever foreign investment might limit future overseas investment in India, a newspaper reported yesterday. However, the forces of economic nationalism said the scrapping of the US$2.B billion (SS3.B
      UPI; AFP  -  455 words
    • Article
      Lock icon Bureaucrat takes over as Seoul admin minister
      136 6 AFP SEOUL South Korean President Kim Young Sam yesterday appointed a career bureaucrat as government administration minister as public suspicions mount over slush funds allegedly managrd by a former president Kim Ki Bae, 49, succeeded former government administration minister Seo Suk Jae, fired
      AFP  -  136 words
    • Article
      Lock icon Japanese city official warns of more financial crashes to come
      481 6 Reuter OSAKA Western Japan could soon face financial troubles as serious as last week's failure of a Tokyo credit union, the city official in charge of supervising credit unions in the Osaka area said yesterday. "I think it's just a
      Reuter  -  481 words
    • Article
      Tokyo official vows to fight violators of anti-monopoly act
      329 6  -  Fran Anthony Rowley in TOKYO A SENIOR Japanese official yesterday offered an unusually frank pledge that the government will get tough with violators of the country's An-ti-Monopoly Act, in order to prevent bid-rigging, price cartels,' i pa port restraints and ether
      329 words
    • Article
      Lock icon Japan current account surplus shrinks
      81 6 Reuter TOKYO Japan's current account surplus fell further in June, a Finance Ministry official said yesterday. It dipped 1.8 per cent from a year ago to U5510.94 billion (5515.2 billion), despite the yen's year-on-year rise, which inflated the surplus in dollar terms by US$l.4 billion.
      Reuter  -  81 words
    • Article
      Lock icon NZ govt divided over takeover code
      97 6 Reuter WELLINGTON The New Zealand cabinet is still considering a proposal for a takeover code, a parliamentary spokesman for Justice Minister Doug Graham said after a lengthy cabinet meeting. News media have reported that the government is deeply divided over the issue. Mr Graham
      Reuter  -  97 words
    • Article
      Lock icon India rejects mediation on Kashmir
      72 6 AFP NEW DELHI India yesterday said it would not accept any international mediation over Kashmir, but it wants the US to pressurise Pakistan to stop backing Muslim separatists. "India firmly believes that there can be no role of any sort for any third party on
      AFP  -  72 words
    • Article
      Lock icon New South Wales ready for economic war with France
      236 6 Reuter SYDNEY An Australian state government said yesterday it was ready to start "economic warfare" with France over its nuclear testing but called on Prime Minister Paul Keating to also step up Canberra's economic sanctions. New South Wales, Australia's most populous
      Reuter  -  236 words
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      35 6 Editorial: The fate of India's reform, Pft 10 THERE'S A LOT OF NOISE BEING MADE ABOUT THE 777. MEANWHILE THE A 330 HAS BEEN QUIETLY GETTING ON WITH THE JOB. su A* Mf /Jf IHBli
      35 words
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      405 7 BREITLING 1884 1 —j,;--dLy h-.T •ffif- y j. "•i&g.-■; l"t*."''' i Si?, -<-— .4: "V i~ a t e i-i a y*'' it f*ir^fr~ff- --r-- tiJOt •> .j. Jt 3 lf v .gi&a.S'. 'Jfc :V• JT ><* =i 4ksif££ri r Tr fflmSlWfc^Smft, KSp|HHfIAH^KI/ Selfwinding mechanical chronograph CHRONOMAT calibrated to Vsth
      405 words
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  • Page 8 Advertisements
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      980 8 I V/rn n id j I J WHERE TO WINE, DINE AND ENTERTAIN wo«ids largest beer i LUNCH OR DINNER, I FEAST ALL YOU 1 ICA N I That's over 50 delightful 12 dishes in all! Featuring the best talked about seafood and Cantonese cuisine. All you can eat. Complimentary
      980 words
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      Page 8 Advertisements Column 2
      395 8 iSjJ 40 Heavenly Mooncakes at Mandarin Singapore From 6th August till 9th September Savour this year's divine creation, the Shandong Mooncake. Traditional favourites k like our famous Golden Ingots, snow skin mooncake and 7 stars with white lotus paste are also available. Win lots of valuable prizes in our Grand
      395 words
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  • LIFESTYLE
    • Article, Illustration
      Raising awareness
      610 9  -  To raise funds, Aware will screen Ann Hui's Summer Snow and The Substation will screen Zhang Yimou's Shanghai Triad. Susan Tsang previews these two Mandarin films Susan Tsang Moviegoers will get to watch two films while helping good causes. Summer Snow will be presented by Aware (Association of
      610 words
    • Article
      Lock icon Vietnamese reel industry faces real crisis
      486 9  -  Can Vietnamese cinema be saved, asks Pham Hong Nga Pham Hong Nga AFP VIETNAMESE film makers opened a conference in Hanoi last week with little hope of confronting a disastrous slump brought on by cheap videos, foreign films and an artistic drought. Cinema is
      AFP  -  486 words
    • Article, Illustration
      Lock icon Some light entertainment in Prague
      287 9 Reuter UPI Reuter A NEW lighting system for Prague Castle, financed by the Rolling Stones, was switched on by Czech President Vaclav Havel on Sunday. The rock band which played for Havel and more than 120,000 at Prague's Strahov Stadium on Saturday night paid U5532,000
      Reuter; UPI  -  287 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      171 9 BunrlgfeFLY B AjPScA F E CONTINENTAL CAFE, HKTAURANT AND BAB 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 Nicoise Salad Duck Breast \with Three Colour Pepper Sauce Apple
      171 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      1043 9 In Tigers With Bob Hoskins, 9pm, Ch Bob who has shared a transto goes to revered, and moves on to the Himalayas, where two-thirds of J the world's tiger population are 888 HB The Artistry of Tonrii and Dean, I I I H 10.15#m, Ch 12 British skaters Jane Torvill
      1,043 words
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  • Article
    The fate of India's reforms
    504 10 WHEN tanks rolled into Beijing's Tiananmen Square in 1989 to put down a student revolt, pronouncements came thick and fast about how the death knell had been sounded for foreign investment in China. Subsequent events proved these pronouncements premature. Similar pronouncements are now being made
    504 words
  • Article
    Time to cut QC link
    293 10 ON THE AVERAGE, some 20 Queen's Counsel appear each year before Singapore courts to plead their clients' cases in civil and criminal matters, earning an estimated $3 million in fees. There are reasons why the practice of admitting QCs as a matter of course is
    293 words
  • Article
    Enhancing role
    123 10 THE FIRST Muslim woman deputies meeting in Islamabad, Pakistan, was a very significant move. It was not just a conference to prepare delegates from 30 Islamic countries for the coming UN Women's conference in Beijing. For the first time, top Muslim women MPs from 30 countries were seen
    123 words
  • Article
    Retirement age study
    190 10 NTUC has set up a unit to study the proposal on extending the retirement age. Setting a higher retirement age is not only beneficial to the employee but has important implications for the Singapore economy in the long run. This is a good way to relieve the
    190 words
  • Article
    Mending US-China fences
    175 10 FOR WEEKS, the Clinton administration choreographed a fence-mending meeting between Secretary of State Warren Christopher and China's foreign minister, Qian Qichen. When the two met last Tuesday in Brunei, the rhetoric was diplomatically polite and the spin resolutely upbeat Unhappily, any optimism they may have generated about
    175 words
  • Article
    Marching forward
    115 10 NEW PEOPLE with high academic qualifications and proven capabilities have been given positions of influence to be used for the nation's benefit. Saudi Arabia is at a crossroads. The sixth development plan has been announced. New policies are being blueprinted. New programmes, in various spheres that will hasten
    115 words
  • Article
    Russian plea
    86 10 THE CROATIAN OFFENSIVE against Serbian positions in western Bosnia drew fire from Russia, which lodged a protest with President Fran jo Tudjman threatening to raise the issue of Zagreb's meddling in the conflict in a neighbouring state with the UN Security council. However, the Russians will find it
    86 words
  • Article, Illustration
    KL's high-tech dreams
    771 10 Penang, with its technological base already in place, is the focus of Malaysia's ambitions WHILE Malaysia has successfully developed its basic industries, it also has high-tech aspirations. Past successes in attracting high-tech projects have paved the way for the development of a new dedicated high-tech investment zone
    771 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      628 10 This article was reprinted from the EJuly 31 issue of Business Asia, a fortnightly management report by The Economist Intelligence Unit (Asia) Ltd BUSINESS I I M E S TOLL-FREETEL. No. 1-BQO-741-1883 FAX 741-1298 NOTICE NOTICE IS HEREBY GIVEN that, I HONG GEOK HWA of Blk 112 Beach Road #04-02
      628 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      75 10 Ui«ki«V%hgMdMSl THEgfe's p\ DOUJN- (LAST R-JHG ...r TVtD^/ILDO. UV»IG iKi Qav n s—^ THESE. PWfeR I P C ss£?' F 2?§ coc. fbom J street weeps yv DOONESBURY GARRY TRUDEAU laSTSStSSWHHW <rca*se, rn bun adjust- ah, so what? thcucst of SVW6M,7ONK-r\ JHATS\ BO FORMALITY. WKHOUSZ kUNUUUf* /9MA6tmCMT/ ££*r*.r AMVIS* XWWWMAM*)
      75 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Redevelopment delay could prove costly for ICB
      578 11  -  propIrty COLUMN By Lee Han Shih CAN the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (Simex) move into their new homes in 1998 as scheduled? Or, put it another way, will the United Overseas Bank (UOB) group complete the
      578 words
    • Article
      PROPERTYWATCH
      283 11 Selected transactions in the past week Dale of Built in area/ Sale price transaction W*** T VPe land area (sq ft) Tenure (S$) PfflVATI v. Jul 31 2057 Jin Lanjut Terrace 1800/2000 FH 1 million 500 Aug 1 2056 Far Horizon Gdn Condo 3907 99 1.56 million 399 Aug
      283 words
    • Article
      Three S'pore firms eye three-star NZ hotel
      320 11  -  Agnes Wee has Fox Glacier details Agnes Wee THREE Singapore companies arc eyeing a hotel property in New Zealand's glacicr country in South Island. One of them is a "listed company well-known in the hotel circles** and the other two in general trading
      320 words
    • Article
      Thakral group puts Sydney hotel up for sale
      272 11  -  Asking price —A$ 11 million, reports Surinder Singh Surinder Singh THE Thakral group has put one of its hotels in Australia, the CB Hotel in Sydney's Pitt Street, on the market. It expects to sell the property for about A$ 11 million
      272 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      94 11 For Sale By Tender I BRAND NEW PRIME \l{ WAREHOUSE BUILDING r /Sfel \&\W/ NO. 50 KALLANG PUDDING ROAD \vy YS\ Rarel y available 'en-bloc' sale Basement carparks V \i n prime District 13 •19 Warehouse units Potential for further sub-division sr W Tenure Freehold 1 Land Area 38,040 sq
      94 words
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      Page 11 Advertisements Column 2
      6 11 Singapore Business Giving you the winning
      6 words
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      Page 11 Advertisements Column 3
      282 11 PRIME DEVELOPMENT SHE AT JALAN MUTIARA, OFF RIVER VALLEY RD D(1024) i Court /r~ ROAD ,—-\<T\ I Beverly Cj TwnaMk N®, tS Polytechnic Recency «1 V\ .N\ Valtey P fc Lot: 757 TS24 Approved for 10 storey apartment Freehold block with basement carpark Development Guide Plan swimming pool Provisions: Convenient
      282 words
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  • Article, Illustration
    Lock icon Japanese finance, foreign ministers to keep their posts
    442 12 Reuter TOKYO Japan's finance and foreign ministers said yesterday that they would keep their posts in the cabinet reshuffle which Prime Minister Tomiichi Murayama plans to announce today. The announcement by the two key ministers, both leaders of parties in Mr Murayama's
    Reuter  -  442 words
  • Article
    Lock icon Rubin's making a big impact on currency market
    349 12 Reuter NEW YORK Drawing lessons from a career on Wall Street, Treasury Secretary Robert Rubin has emerged as a powerful figure whose policies have influenced the currency market in ways his predecessors could not muster. Mr Rubin parlayed his knowledge of the
    Reuter  -  349 words
  • Article
    Lock icon Apple unleashing price war with launch of 3 new Power Macs
    505 12 Bloomberg Business News Reuter CUPERTINO, California Apple Computer Inc yesterday unveiled three new Power Macintosh models that not only promise better performance, more built-in features, but will unleash a price war as well in the industry. The three models
    Bloomberg Business News; Reuter  -  505 words
  • Article
    Lock icon Tin hits US$7,000 high
    56 12 AP LONDON The price of tin, an important export earner for Thailand, Indonesia, Malaysia and Bolivia, moved above US$7,OOO (559,730) per tonne for the first time since mid-1992 in London Metal Exchange trading yesterday. Tin traded as high as US$7,lOO for three months delivery yesterday, compared
    AP  -  56 words
  • Article
    Lock icon Saudia financing
    61 12 Bloomberg Business News KUWAIT Saudi King Fahd yesterday said local investors will finance the USss7 billion plan by the national airline Saudia to renew its fleet by buying 61 aircraft from US plane mak- ers Boeing Co and McDonnell Douglas Corp. "The financing for the development of Saudia
    Bloomberg Business News  -  61 words
  • Article
    Lock icon Super-safe car
    67 12 Reuter TOKYO One of Japan's car giants, Honda Motor Co Ltd, yesterday said it had developed three types of supersafe car which use advanced electronics to prevent collisions, warn sleepy drivers and provide traffic information. The cars were still at the experimental stage and needed further development, as
    Reuter  -  67 words
  • Article
    Lock icon Bonn's surplus up
    53 12 AFP WIESBADEN, Germany Germany posted a 8.6-billion-mark trade surplus in May, up from a 6.3-b ill ion-mark surplus in April. The federal statistics office yesterday said the country's current account balance showed a deficit of 100 million marks in May following a shortfall of 1.6 billion marks
    AFP  -  53 words
  • Article
    Lock icon Reaching out
    41 12 Reuter SAN ANTONIO, Texas SBC Communications Inc, formerly known as Southwestern Bell, yesterday said it will pay US$9O million for a IS.S per cent stake in Mobile Telephone Networks Ltd, one of South Africa's two national cellular companies. Reuter
    Reuter  -  41 words
  • Article
    Lock icon Say goodbye to odours
    67 12 Reuter TOKYO Two Japanese companies yesterday said they had jointly developed an odour-eating fibre for use in textiles for curtains, carpets and clothes. The fibre, a composite yarn of polyester and nylon, is the world's first odour-eating material that works by reacting to ultraviolet rays such
    Reuter  -  67 words
  • Article
    Lock icon Saving a virtue American economy can ill afford
    334 12 Reuter WASHINGTON US policymakers and Wall Street economists seem almost schizoid when they fuss and fume about the American consumer. They criticise the roving crowds at malls and car dealerships for not saving more and adding to the national rainyday fund, while
    Reuter  -  334 words
  • Article
    Indon capital market seeks to expand base of domestic investors
    305 12  -  Fran William Chia in JAKARTA THE Indonesian capital market is giving priority to expanding its domestic investor base so as to be less dependent on foreign investors, said Jakarta Stock Exchange (JSE) president Marzuki Usman. Mr Marzuki, who was the
    305 words
  • Article, Illustration
    Time for Dutch to exorcise old ghosts?
    865 12  -  The Bottom Line MOHAN KUPPUSAMY MOHAN KUPPUSAMY The writer is a BT journalist WILL Queen Beatrix, the Netherlands' monarch, make some gesture of contrition to the Indonesian people for the attempt to reimpose colonial rule after World War II during her state visit
    865 words
  • Article
    Lock icon Smith Barney revises recruiting policies
    239 12 Reuter NEW YORK Smith Barney has eliminated payment of enhanced commissions and upfront bonuses as incentives to recruit financial consultants. The company said yesterday that it had also revised other aspects of its recruiting policies, consistent with recommendations of the Committee on Compensation Practices. It
    Reuter  -  239 words
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  • COMPANIES & MARKETS
    • Article
      S'pore Telecom joins ADR trading scheme in US
      466 13  -  By Genevieve Cua SINGAPORE Singapore Telecom yesterday launched a sponsored American Depositary Receipt (ADR) Programme in the US to facilitate trading of its ordinary shares there. Telecom's ADR is a levelone programme, making it an unlisted security traded in the US over-the-counter
      466 words
    • Article
      Cellular phone bid to cost 2.95 billion rupees more
      198 13  -  By Genevieve Cua SINGAPORE Singapore Telecom will have to fork out another 2.95 billion rupees (Ssl24 million) to secure its bid for a cellular phone licence in the south Indian state of Tamil Nadu. A Telecom spokesman yesterday told Business Times
      198 words
    • Article, Illustration
      Lock icon Chuan Seng no longer a Cam Mechatronic substantial shareholder
      222 13 SINGAPORE Chuan Seng Management, partly owned by Cam Mechatronic Ltd founder and chairman Raymond Chew, is no longer a substantial shareholder of the listed company. The company said yesterday that it sold more than Ave million Cam Mechatronic shares over the
      Source: Bloomberg  -  222 words
    • Article, Illustration
      Lock icon SM Summit says UOB placed out 10m shares
      270 13  -  By Shiv Taneja SINGAPORE SM Summit Holdings, whose trading volume hit over 27 million units yesterday, has told the Stock Exchange of Singapore it was unaware of the reasons for the increase in volumes. However, Summit whose shares hit a high of
      Source: Bloomberg  -  270 words
    • Article
      Impact of scripless KLSE exaggerated
      477 13  -  HOCK LOCK SIEW By R Sivanithy SINGAPORE The drive by the Kuala Lumpur Stock Exchange (KLSE) to convert the shares of all its listed companies to scripless trading has raised serious questions about the future health of the local stock market. Briefly, the main worry
      477 words
    • Article
      Telecom's ADR plan unlikely to move prices
      395 13  -  By Catherine Ong SINGAPORE At least six companies on the Singapore stock exchange have launched American Depository Receipt (ADR) programmes in the past. None, however, have received as much attention and intense questioning by the media as Singapore Telecom's did yesterday. Telecom's management
      395 words
    • Article, Illustration
      Lock icon Apac sells 16% Econ stake for $25.6m
      328 13  -  By Paul Leo SINGAPORE Apac Investments (Singapore) finally sold its entire 16.03 per cent stake in Econ International yesterday, after an earlier attempt fell through. Econ confirmed the sale in a statement to the Stock Exchange of Singapore yesterday, stating that Apac sold
      Source: Bridge Info  -  328 words
    • Article
      Kotjo raises ABR stake to 50.6%
      138 13 SINGAPORE Indonesian businessman Johannes Kotjo has raised his stake in Sesdaqlisted ice-cream parlour operator ABR Holdings to 50.57 per cent. Standard Chartered Merchant Bank Asia said yesterday that Regent Universal Investments, Mr Kotjo's takeover vehicle, had bought 14.4 million ABR shares from ABR managing
      138 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        139 13  -  By Paul Leo 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. Daiwa, Fraser, GK Goh, Kay Hian, Morgan Grenfell, Ong Co, Nomura, Phillip, Smith New Court, WI Can
        139 words
    • COMPANIES
      • Article
        Kismis capital raised to $15m
        83 14 SINGAPORE OCBC Bank yesterday said that the issued and paid-up capital of subsidiary Kismis Properties Pte Ltd had been raised from $2 to $15 million through the issue of 999,998 ordinary shares of $1 each and 14 million 6 per cent non-cumula-tive redeemable preference shares
        83 words
      • Article
        Datapulse's stake in Aussie firm
        79 14 SINGAPORE Datapulse Technology has acquired a 35 per cent stake in an Australian company S R Electronics Pty Ltd for A 5280,000 (*****,000), payable in cash for 280,000 new ordinary shares of S R Electronics. S R Electronics is involved in the manufacture and distribution
        79 words
      • Article
        Megaton Property raises its capital
        54 14 SINGAPORE Tuan Sing Holdings has raised the authorised capital of a subsidiary, Megaton Property Pte Ltd, from $100,000 to 1 million, and its paid-up capital from $2 to 1 million. It has also raised the authorised capital of another subsidiary, Finsbury Pte Ltd, from $3
        54 words
      • Article
        S'pore Telecom AGM on Sep 29
        40 14 SINGAPORE Singapore Telecom will hold its annual general meeting on Sep 29. Its ordinary business will include the re-elec-tion of Wong Hung Khim and Hong Hai as directors, and the approval of directors' fees.
        40 words
      • Article
        Lock icon MAS forms new company
        39 14 Bernama KUALA LUMPUR Malaysian Airline System Bhd said it has incorporated Kelas Services Sdn Bhd to carry on the business of management of hostels and cafeterias and providing manpower services in Malaysia and elsewhere. Bernama
        Bernama  -  39 words
      • Article
        Lock icon Nam Fatt team wins M$507m job
        61 14 Bernama KUALA LUMPUR The Nam Fatt Bhd, Herbert International Establishment, Esprit Corporation Sdn Bhd and Zaq Construction Sdn Bhd consortium has been awarded a contract for the Kuala Lumpur City Centre project for M 5506.89 million (SS2B7 million). Nam Fatt said the contract was
        Bernama  -  61 words
      • Article
        Lock icon Hospital Pantai decision
        69 14 Bernama KUALA LUMPUR Hospital Pantai Bhd's shareholders would realise higher income if they accept the mandatory general offer for its remaining shares from Beijaya Leisure Bhd. In an offer document released on behalf of the latter, Commerce International Merchant Bankers Bhd said shareholders could also reinvest the
        Bernama  -  69 words
      • Article
        Lock icon MBf in joint venture
        48 14 Bernama KUALA LUMPUR MBf Holdings Bhd will set up a 51:49 joint venture with High Technology Holdings Ltd known as MBf-HTH Technology Sdn Bhd. The joint venture company would have an initial authorised and paid-up capital of Msl million and M 5400,000 respectively. Bernama
        Bernama  -  48 words
      • Article
        Lock icon National Steel Corp's profit
        69 14 Bernama KUALA LUMPUR Wing Tiek Holdings Bhd said its Philip-pine-based subsidiary National Steel Corporation has recorded a pre-tax profit of M 589.1 million (Ssso million) for the first six months ended June 30, compared to a M 55.2 million loss for the year ended Dec 31,
        Bernama  -  69 words
      • Article
        Untitled
        547 14 MaaagHS'prins Aug 8 Mendaki Gr Fund 1.02 1.05® Singapore Unit Trust user Fund i.os ...> t* I [An A 1 i The Commerce 1.56 1.65 WID MSCt mp Ltd The Savings Fund 1.50 1.59 Unifiind 1.44 1.51 S'porc Prog Fund 0.62 0.66 Umbond 1.05 1.075 S'porc See Fund 0.92 0.98xd
        547 words
      • Article
        UOB's new venture fund aims for $50m
        215 14 SINGAPORE United Overseas Bank yesterday launched its second venture-capital fund UOB Venture Investments II for investment in fastinggrowing unquoted companies in Singapore and the Asia-Pa-cific. The company, with a charter life of eight years, has set a fund target of $50 million. The
        215 words
      • Article
        Metro associate to launch Penang apartments soon
        158 14 SINGAPORE Metro Holdings said yesterday its associate company Etika Cekap would soon launch the first phase of its Gurney Park apartments in Penang. The residential project, with more than 600 units, is part of the 6.5-ha Gurney Park development, which includes a hotel,
        158 words
      • Article
        MUMB surprises with 50% bonus dividend
        335 14  -  From Ho Kay Tat in KUALA LUMPUR MALAYAN United Manufacturing Bhd (MUMB), which is being restructured into a property company, has pleasantly surprised shareholders with a whopping bonus dividend of 50 per cent before tax. MUMB, a unit of Khoo Kay Peng's Malayan United
        335 words
      • Article
        Lock icon KL remisiers reject plan to change commission sharing
        285 14 MBT KUALA LUMPUR The Remisiers' Association of Malaysia (Persama), after unanimously voting against the proposed change in commission sharing rates between brokers and remisiers, is considering a 50-50 proposal. The new proposal, along with other proposals, is expected to be voiced when
        MBT  -  285 words
      • Article
        Lock icon Public Bank chalks up 23% rise in first-half earnings
        295 14 Bloomberg Business News KUALA LUMPUR Pubiic Bank Bhd yesterday said net earnings rose 23.4 per cent in the first half, above most analysts' expectations, thanks to rising domestic interest rates and a jump in earnings reported by its finance subsidiaries. Net
        Bloomberg Business News  -  295 words
      • Article, Illustration
        Westmont adds another Manila horseracing firm to its stable
        346 14  -  From Al Labita in MANILA MANILA Malaysia's Westmont Group is back on a buying spree in Manila and its latest acquisition is a 128-year-old listed Filipino horseracing company. Westmont, chaired by former Malaysian foreign minister Ghazali Shafie, won last week's bid
        346 words
      • Article, Illustration
        Lock icon Fall in stockbroking income likely to mar OUB's interim results
        578 14  -  Earnings INSIGHT By Shiv Taneja SINGAPORE A fall in stockbroking income, which previously accounted for a sizeable share of Overseas Union Bank's earnings, is expected to dampen what would otherwise be a strong first half for the group, which is
        Source: Bloomberg  -  578 words
      • Article
        Pentex plans 1-for-5 bonus on 48% rise in profit to $11.8m
        248 14  -  By Teh Hooi Ling SINGAPORE Printed circuit board maker PentexSchweizer yesterday announced a 48 per cent rise in net earnings to $11.8 million and proposed a one-for-five bonus. If approved, the bonus will be the second in a row
        248 words
      • Article
        Good prospects for Johor property stocks: Merrill Lynch
        637 14  -  From Ho Kay Tat in KUALA LUMPUR US BROKERAGE Merrill Lynch has put the spotlight on Johor in its latest Malaysia market strategy report and recommended three stocks as a direct play on the state's rapid infrastructure and industrial development. "Work on
        637 words
    • CORPORATE FOCUS
      • Article, Illustration
        How sound is Creative's comeback strategy?
        1006 15  -  Kenneth James takes a hard look at the products the Singapore multimedia firm is banking its future on Kenneth James SINGAPORE The analysts could have crucified Sim Wong Hoo. After all, Creative Technology's results, announced last Friday evening in the US, had proved as
        1,006 words
      • Article, Illustration
        So who's in charge after creative changes?
        513 15 SINGAPORE In June 1995, Creative Technology quietly initiated a sweeping reorganisation of its internal operations. Just over a month later, one of the. founders, chief technology offiter Ng Kai Wa, suddenly announced his resignation from the company. From interviews with the remaining two
        513 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Malaysian bond sales spark rush by Wall Street houses
        513 16 Bloomberg Business News NEW YORK Everybody on Wall Street wants to go to the Malaysian Ball. The country won a higher credit rating last spring, and Telekom Malaysia and other Malaysian companies are cele- brating, selling billions of dollars of bonds.
        Bloomberg Business News  -  513 words
      • Article
        Lock icon Japanese purchases of foreign bonds soar
        413 16 Record of USs2ob fuelled by heavy buying of Euroyen issues AFP Reuter TOKYO Japan's net purchases of foreign bonds soared* from US$l3.4 billion in May to a record US$2O.2 billion \SS2S billion) in June, fuelled by heavy buying of Euroyen The finance ministry yester-
        AFP; Reuter  -  413 words
      • Article, Illustration
        Lock icon Independence celebration at AIA
        62 16 Photo by Chris Loh 'American International Assurance celebrated the 30th anniversary of Singapore's independence yesterday with pledge-taking ceremonies at its offices at Alexandra Road, Tanjong Pagar and Changi. Andrew Tan, ALA senior vice-president, (left) leading the pledge-taking at Alexandra Road. Guest-of-honour was Matthias Yao (Third from
        Photo by Chris Loh  -  62 words
      • Article
        Lock icon Foreign banks' earnings in China rose 120% in first half
        280 16 Bloomberg Business News Reuter BEIJING Net profits of foreign bank branches in China grew in the first half of the year by US$BO million (Ssl 12 million), or 120 per cent, >,against the year-earlier period, the China Daily reported yesterday.
        Bloomberg Business News; Reuter  -  280 words
      • Article
        Lock icon Minmetals denies plans to settle with Lehman, says report
        348 16 Bloomberg Business News HONGKONG China National Metals and Minerals Import Export Co (Minmetals) has no plans to settle with US securities company Lehman Brothers the losses made in currency trading by a subsidiary. Company official Huang Kun, who is responsible for
        Bloomberg Business News  -  348 words
      • Article
        Lock icon Japan's banks lending more to overseas customers
        390 16 AFP Bloomberg Business News TOKYO Japanese banks have increased lending to overseas customers, particularly in Asia, amid weak domestic loan demand. By end-June, overseas lending had increased nearly 10 per cent from a year earlier, the Nihon Keizai Shimbun reported yesterday, quoting data
        AFP; Bloomberg Business News  -  390 words
      • Article
        Lock icon Opec seen sparking price plunge if output raised
        284 16 Reuter LONDON Oil prices could plunge if Opec makes good on its veiled threats to increase production next year, traders and analysts said yesterday. But surging non-Opec output and current low oil prices will leave the Organisation of Petroleum Exporting Countries little
        Reuter  -  284 words
      • Article
        Lock icon LONDON
        201 16 Reuter LONDON The dollar was testing waters below 91 yen in early European trading, but was firmer on the mark because of profit-taking in the mark/yen cross, dealers said. The dollar tracked a steady path lower after failing to rise beyond 91.80 yen overnight, but dealers said sentiment was
        Reuter  -  201 words
      • Article
        Lock icon NEW YORK
        91 16 AFP NEW YORK The dollar was up against other major currencies with the exception of the yen in quiet trading yesterday. The ounce of gold was up 60 cents to U*****.90. At 1420 GMT, the dollar was at 1.4025 German marks, against 1.3970 marks at Friday's close and
        AFP  -  91 words
      • Article, Illustration
        Untitled
        1173 16 Trade-weighted index aticuiaied against S pore's top 14 trading partners. Base year. IMS USS/SS forward rates Noon Aug 7 S$ Bid fMU 1-month 1.3961 1.3971 2-month 1.3937 1.3947 3-month 1.3812 1.3922 6-month 1.3837 I.3S32 Sourer. OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m oa tag 7 Singapore dollars
        1,173 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, Eurodollars firm in dull trade
        1390 17 Reuter SINGAPORE Simex Euroyen and Eurodollar futures contracts ended firm in dull trade. Trading was muted as market participants waited on the sidelines ahead of US Treasury quarterly refunding, the Bundesbank council meeting and a slew of US economic data later in the week.
        Reuter  -  1,390 words
      • Article
        S'pore rubber steady in moderate trade
        669 17 COMMODITY REPORTS .V > -J .*1 'A. 3<l r- Rubber Singapore: Rubber futures closed quietly steady in moderate trade yesterday with most traders sidelined on lack of fresh factors. "The morning session was featureless except for some light trade in RSSI. But prices rose
        669 words
      • Article
        More R&D on cocoa
        73 17 SINGAPORE The Malaysia Cocoa Board is taking steps to develop the country's cocoa downstream industry, according to the Star. An MCB official said there should be more research and development to explore the use of local fruits like bananas, jack fruit and durian as well as
        73 words
      • Article
        Japan coffee stocks up 33%
        42 17 TOKYO Warehouse stocks of coffee at Japan's three main ports totalled 77,124 tonnes at the end of June, up 3.3 per cent from 74,67S tonnes a month earlier, according to the Ministry of Agriculture, Forestry and Fisheries.
        42 words
      • Closure will not reduce tinplate output
        • Chapter
          Untitled
          42 17 plate production levels, a spokesman said yesterday. The company produces 750,000 tonnes of tinplate per year. This level will be maintained by concentrating operations on other recently enhanced lines in Wales at Ebbw Vale and at its Trostre plant in Llanelli, Dyfed.
          42 words
      • Article
        China June copper output up 16.2%
        50 17 TOKYO China's production of copper suraed 16.2 per cent in June to 70,881 tonnes from 60,993 in June 1994, according to data provided by the China National Non-ferrous Metals Industry Corp. The June 1995 figure is down slightly from May output of 71,186 tonnes.
        50 words
      • Article
        More gold, silver futures trading?
        57 17 NEW YORK The New York Mercantile Exchange (Nymex) said it would be listing additional months fof its gold and silver options trading from Monday. Nymex will add trading of December 19% and July 1997 for its silver options. For gold options, December 19% and June
        57 words
    • Article
      COMMODITY PRICES
      1408 17 SICOM Futures (futnTM ctatag as at 5.3tpa) IBS 1 Cwtirt (S cents/kg) Clow Volume Open Month High Low Sett (tonnes) Interest Sep 95 177.00 175.00 176.50 1250 1600 Oct 175.25 174.00 174.00 300 1900 Nov 175.25 174.00 174.00 200 2050 Dec 175.25 170.00 174.00 200 It25 Jan/Mar 94
      1,408 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        954 18 -0.5 RESOURCE shares kept the bourse moving yesterday, but soft trading late in the day pushed the market lower. "It was fairly lacklustre... it started off okay. The mining sector has been well supported for a while, but industrial companies are running out of said an analyst. The All
        954 words
      • Article
        Manila
        546 18 -9.24 Share prices yesterday dropped on "follow-through" profittaking from last week's performance. The PSE Composite Index fell 9.24 points to 2,882.84. Turnover was 1.2 billion shares valued at 1.67 billion pesos. "It's still very much mixed and there's still a weakness in the market," said a trader. "But we're
        546 words
      • Article
        Taipei
        481 18 +95.25 Share prices finished higher after government moves to bail out the troubled International Bills Finance Corp (IBFC). "The central bank's move to inject NTS 10 billion (Sss2o million) into the local money market was seen as the authorities' efforts to ease the financial impact of IBFC," said a
        481 words
      • Article
        Seoul
        404 18 -6.32 Stock prices dropped 0.6 per cent yesterday, as most investors were sidelined due to a lack of funds and incentives. "I think the market has been through enough consolidations, and I expect technical rebounds in the week," said a dealer. The Composite Price Index retreated 6.32 points to
        404 words
      • Article
        New Zealand
        300 18 -3.7 Stocks closed marginally softer but after staging a recovery from its low point of the day. The NZSE-40 capital index closed at 2,124.80, down 3.70 Kints, but comfortably off its v of 2,113.87. Volume picked up through the day but was still light at NZ$29 million. "Quite
        300 words
      • Article
        Bombay
        81 18 +18.31 Shares finished higher yesterday but brokers said volumes were light. The BSE 30-share Index rose 18.31 points to 3,413.48 while the Composite National Index gained 7.30 to end at 1,576.06. "We should see more squaring up tomorrow as it is the last day of the account. There were
        81 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        773 18 Britannia Funds Sterling Caak BM Offer Mm Cap Doom ...3* 6400 3*6500 Mim Jcnev CihT. .0 1193 0.1992 Mm Mil lacoac .0.9)00 09*00 USS Cask lacoac Plus Fund ******0 *10 5900 PS S Rncrvc Fund 5 5400 5.5500 0.4592 0 49J* ft East Fuad *2.7650 ****** Man Portfolio .2.0*90 2.2170
        773 words
      • Article
        London
        672 18 +1.1 UK STOCKS closed mixed after a strong opening on Wall Street and the likelihood of more takeover activity countered the pull of declining ex-dividend stocks. Optimism for strong earnings reports from the financial industry later this week and hopes for lower German interest rates when the Bundesbank meets
        672 words
      • Article
        Paris
        137 18 -6.71 French shares finished with small losses with most of the business led by trading in the futures contract in the absence of retail interest. Business was light, with many domestic fund managers away on holiday and little news to drive the market. Some market professionals hope for a
        137 words
      • Article
        Frankfurt
        185 18 +8.79 German shares treaded water in quiet trade as the market gauged prospects for possible Bundesbank interest rate cuts this week. The market was eyeing today's Bundesbank repo operation for possible signal on rates. Hopes were also rising for 25 basis point discount rate cut, dealers said. Dealers were
        185 words
      • Article
        Brussels
        158 18 -3.23 Belgian shares ended slightly lower in thin trade. "Hopefully the Bute) will spark some movement," one trader said of the German central bank's first council meeting after the summer recess amid persistent rate cut speculation. The Bel-20 Index of leading shares was down 3.23 points at 1,487.12 with
        158 words
      • Article
        Milan
        137 18 +89 Italian shares firmed about one per cent in moderate trade, buoyed by a strong lira against the mark and by confirmation of a slowdown in inflation growth. The bourse received a boost in the afternoon from a firmer New York market, after an encouraging morning helped by the
        137 words
      • Article
        Amsterdam
        269 18 -0.14 Dutch shares dithered lower in thin trade as the market looked to the Bundesbank and a fresh round of earnings figures midweek for new direction. "It's dismal volumes are minimal," one dealer said, ascribing the malaise to the aftermath of last week's disappointing figures from Akzo, and poor
        269 words
      • Article
        Stockholm
        115 18 -4.89 Swedish shares slipped in light trade ahead of the halfyear reporting season. Turnover was low, and brokers said the start of the European holiday period had stifled market activity. "It has been a quiet and peaceful day. Investors want to see the six-month reports before they do anything,
        115 words
      • Article
        Zurich
        248 18 -6.5 Swiss stocks fell for a third day, as Union Bank of Switzerland fell 3 per cent in the wake of its disappointing mid-year earnings. ÜBS's loss offset gaiiy by insurers, which benefited from firm bond markets and earnings' hopes. "ÜBS continued to exert pressure," said a dealer. "The
        248 words
      • Article
        Johannesburg
        337 18 +30.6 South African shares fin>ished a mostly slow day better as late support surfaced to raise prices amid improved sentiment and futures strength, dealers said. A dealer said interest from offshore had continued, possibly from US funds raising their South African holdings after past uncertainty. "We have a lot
        337 words
      • Article
        New York
        699 18 14.79 Stock prices edged higher in quiet trading early yesterday as the market tried to recover from last week's losses with the help of some bargain hunting and slightly stronger bond prices. The Dow Jones Industrial Average, which retreated 17.96 points on Friday, was ahead 14.79 to 4,698.25
        699 words
    • Article, Illustration
      Lock icon HONGKONG
      2464 19 Bloomberg Business News HONGKONG Stocks dropped for a third day, led by HSBC Holdings and HK Telecom, amid concern many companies may unveil disappointing earnings. The drop in HSBC and Telecom, which together account for about *6.5 per cent of the Hang Seng, overpowered gains in Cathay Pacific Airways,
      Bloomberg Business News; Source: Bridge Info  -  2,464 words
    • Article, Illustration
      Lock icon CHINA
      585 19 CLSA IN Hongkong, the H share index lost 7.85 points at 1,167.84 on turnover of HKS6.B4 million. Guangzhou Shipyard slipped 0.8 per cent to HKS3.IS. The best performers were Qingling Motors, up 2.3 per cent, ana Chengdu Cable, up 1.9 per cent. The Shanghai B Index firmed 1.2 per
      CLSA  -  585 words
    • Article, Illustration
      Lock icon TOKYO
      2431 19 Bloomberg Business News TOKYO Stocks fell for a second day yesterday as the decline of the US dollar against the yen cooled a rally by electronics exporters' shares. "The market lost its energy because investors couldn't find a sector other than technology shares to park their money in, said
      Bloomberg Business News; Source: Bridge Info  -  2,431 words
    • Article, Illustration
      Lock icon BANGKOK
      1419 19 Reuter BANGKOK Stocks plunged from the opening bell as investors dumped finance issues on poor first-half results in the sector and on fears of rising inflation. The SET Index tumbled 30.72 points, or 2.3 per cent, to 1,327.47 on turnover of 4.22 billion baht. The Bank of Thailand has,
      Reuter; Source: Bridge Info  -  1,419 words
    • Article, Illustration
      Lock icon JAKARTA
      1140 19 Reuter JAKARTA Share prices closed higher yesterday on active buying of financial issues on market talk of a possible better earnings growth forecast for financial institutions. The Composite Index rose 1.90 points to close at 515.74. Ficorinvest, Indovest, Bank Putra Sejahtera and BDNI were all up, rising by between
      Reuter; Source: Bridge Info  -  1,140 words
    • Article
      CLOB INTERNATIONAL
      2285 20 Gr Gr IMS Laat Vol Day LmI QmK OH D* YH Nit M Cap H%k Law Ci Salt C000) High Law Buyer Sdfcr CVr P/C Sail MALAYSIAN STOCKS 471 196 m MSB 50c 432 -10 23* 442 430 432 436 3.0 -2.9 02 443.1 127 77.5 m AMDA
      2,285 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares fall as foreign investors stay away
        6668 20 Bloomberg business News KUALA LUMPUR Stocks fell yesterday as foreign investors stayed out of the market and local investors focused on a small group of companies on speculation that their prices were being manipulated. The US dollar rose to a five-month high of
        Bloomberg business News; Source: Bridge Info  -  6,668 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8452 21 Cr Gr M Wl IW Last Vai Day UMQntt Dt< Di> YM Net Cam An Hick Ln C«HH) Sab (IN) High Law Buyer Seller Or P/F Ml Prk* INDUSTRIAL AND COMMERCIAL 498 382 mt s Aetna 50c 460 -4 1)2 462 45* 460 462 22.5 51 XS 9.6 634.1 462
        8,452 words
      • Article, Illustration
        Lock icon Index falls below 2,100 as investors sell blue chips
        1782 22  -  By R Sivanithy SINGAPORE The local stock market lived up to expectations yesterday, with blue chips coming under selling pressure and second-liners, especially Sesdaq stocks, stealing most of the show. The Straits Times Industrials Index, which last week dropped 75 points,
        Charts by Bridge Info; Source: Bloomberg  -  1,782 words
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      216 13 NEWS VALUE Up to 108 KLSE stocks to go scriploss by yoar-ondfa? I) Impact over-rated. Vitality of KLSE will also be aflkted if Gob withers. YHS announces a profit riso and a poison pill to ward off Canonin (pg I) Extraneous factors at play, so conventional valuations may not apply.
      216 words
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      88 14 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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      92 15 Australian Motels PROFITABLE INVESTMENT IN THE FAST-GROWING TOURIST INDUSTRY Fraahold TMm (Land With Whole Motel Building) Well-located, popular with frequent travellers. Suitable for owner operators or for long-term Investment with secure leases of up to 20 years. Priced from A 5595,000 to A 56.5 m. Special presentation and advice for
      92 words
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      Page 15 Advertisements Column 2
      188 15 BIG, AIRY WINDOWS. LUSH, OPEN GROUNDS.^ lan antique Mpf" collection, i rr t i I V i f i W V-;., i i- r r ;r- A PROFESSIONAL COUPLE'S SHANGRI-LA. 1 •<*** > A HARDWORKING BURGLAR'S PARADISE. i lie .uui mill <>1 nit >ui j'rui ilr .u c\\i i I
      188 words
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      45 16 JAPANESE YEN US DOLLARS SINGAPORE DOLLARS Multi-Currency is no problem with FACT. Automatic I7 A Y®l I calculation of Exchange Gain/Loss and automatic posting for every transaction, instantaneously. Without any extra work. FACT Real-Time Business x- o INSTANT Accounting Software. Toll Free 1800-*****32 accounting power
      45 words
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      Page 16 Advertisements Column 2
      24 16 -or further information on which newsstands carry Her World, Go, Singapore Business, Horns Decor, Young Parents, please call our Customer Services Section on 1800-749-2577.
      24 words
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      91 17 GIVING YOU THE WINNING EDGE e Buyer's market for residential property? Bagging stock winners Malaysian maps for success S'pore's Tourism Unlimited vision Apple Computer: Going beyond the bottom line Investment spotlights on Parkway Holdings and Pentex-Schweizer Circuits AU6USTI99S A Times Periodicals publication You may have been unable to get your
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      Page 17 Advertisements Column 2
      20 17 As and whea the latest London/ Rotterdam prices are not arailable, the previoas trading day's closing figures are carried instead.
      20 words
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      100 18 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers
      100 words
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      29 19 MONT* BLANC THE ART OF WRITING Available it MONTBLANC BOUTiQUES Singapore Ngee Ann City #01 32 Raffles City #02 03MONTBLANC CORNER Seiyj3rdFlr Bug is Junction and all authorised dealers
      29 words
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      576 22 TOLL-FREETEL. No. I-BQO-741-1883 FAX:74I-1298 M THE MATTER Of THE COMPANIES ACT, CHAPTER 80 AMD IN THE MATTER OP HORIZON TOWERS PTE LTD (IN LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company held on the lat day of August, 1995:'BPECIAL RESOLUTION' That the Company be wound
      576 words
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      Page 22 Advertisements Column 2
      359 22 NOTICE NOTICE IS HEREBY GIVEN that, I Ong Hung Tiong of Blk 508 Pasir Ris St 52 #04-171 Singapore 1851, have applied for a Retail Liquor Beer Licence in respect of at M/s The (tag's Family located at Blk 763 Pasir Ris St 71 #01-240 Singapore 1851, and that this
      359 words
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      Page 22 Advertisements Column 3
      357 22 NOTICE NOTICE IS HEREBY GIVEN that, I CHONG AH MOY of Blk 45 Tanglin Halt Rd. #10-273 Singapore 0314, have applied for a Retail Beer Shop Licence in respect of M/s THAI GUAN KIAT KEE located at Blk 8 Holland Ave. #01-26 Singapore 1027, and that this application will be
      357 words
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      Page 22 Advertisements Column 4
      244 22 JE. isuu ssssigsr j* 1 t>m 741 7 n OJH Ml «lM ON gm iaM iaM <j> I niiniiiii»«wii»- mm MW M« MI PublUhad by Jantne Renwiq tnwmmni Bw—» Umted (incorporated in Bribah Wgn Island) NOTICE NOTICE IS HEREBY GIVEN that, I CHAY WING KID, PAUL of Blk 129 #09-326
      244 words
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  • BusinessTimes ShippingTimes
    • Article
      Lock icon DAILY FREIGHT
      515 23 Knight-Ridder Reuter DRY cargo freight rates extended their rally, with shipbrokers citing strong activity in the Atlantic for US grain sales and a firmer Pacific market. Timecharters featured heavily in Friday's fixtures and the Baltic Freight Index (BFI) added 10 more points to close at 2,059. "It's an
      Knight-Ridder; Reuter  -  515 words
    • Article
      Calls at S'pore Cruise Centre's international terminal double
      336 23  -  By Rahita Elias SINGAPORE Singapore has gained further ground as a cruise hub, judging by booming traffic in the first six months of this year. The Port of Singapore Authority said yesterday the Singapore Cruise Centre's International Passenger Terminal handled 941 calk
      336 words
    • Article
      Lock icon Ship losses down in first half of 1995: London underwriters
      368 23 Knight-Ridder LONDON The number of vessels lost in the First half of this year is down on the same period for 1994, although the second quarter losses showed an increase on those of the previous quarter, according to figures issued
      Knight-Ridder  -  368 words
    • Article
      MARITIME STOCKS
      325 23 ses HMO An 7 s$ Vol CWT Distribution 1.65 +0.04 6 Chuan Hup Holdings 1.23 -0.01 114 Cosco Investment 2.01 +0.01 58 Cosco Investment A 1.74 Far East Levingston 6.20 -0.20 119 GB Holdings Ltd 1 0.81 -0.02 8 Hai Sun Hup Group 0.915 unch 541 Hitachi Zosen
      325 words
    • Article, Illustration
      S'pore, M'sia fix territorial boundary of Johor Straits
      392 23  -  By Paul Leo SINGAPORE Singapore and Malaysia have finally fixed a permanent territorial waters boundary in the Straits of Johor after more than 20 years of negotiations. The agreement was signed by the countries' respective foreign ministers here yesterday. It replaces a
      392 words
    • Article
      Antwerp's container volume up 10%
      185 23 SINGAPORE The Belgian port of Antwerp hoisted container throughput 10 per cent to 1.18 million 20-foot equivalent units (TEUs) in the first half of this year. "Antwerp's container trade is showing a healthy balance between incoming and outgoing traffic," the port said in a statement.
      185 words
    • Article
      Lock icon Guangzhou Shipyard's net profit plunges 66%
      158 23 Bloomberg Business News HONGKONG Guangzhou Shipyard International, a Chinese state-controlled shipbuilder listed in Hongkong, said its higher raw material prices and an appreciating yuan contributed to the 66 per cent drop in net profits in its fiscal first-half ended June 30. Profit, after tax
      Bloomberg Business News  -  158 words
    • Article, Illustration
      Shipping Times first transport publication in Asia on the Net
      409 23  -  By Alec Almazan SINGAPORE Shipping Times yesterday became the first transport-related publication in Asia to go on the Internet. The daily shipping and transport section of Business Times went on line yesterday at Asia One on the World Wide Web.
      409 words
    • Article, Illustration
      Lock icon High cost of Gulf shipping rivalry
      754 24 Middle East nations are spending more than needed in high-seas one-upmanship, says Richard Clayton Fairplay THE geographical boundaries of the Middle East are not recognised universally. The Gulf states, of course. But what about Iran, Iraq, Jordan, the Saudi Red Sea coast and Egypt?
      Fairplay  -  754 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      319 24 F»gt •ANL 3 Abie 7 Accord 10 •Ahiers 6 •Ahrenkid 4 •Appenship 4 Astro 10 Austral II Av*nt 6 BSA II Batanundo 7 Bright Express 6 •CCNI 4 •CMA II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •ChoYang 5
      319 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10586 30 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore folloiwed by the ETA at the destination. The page number refers to the location of the schedule advertisement ETA ETA AfrlrtUli Vassal Viyif* P| UN Qast'a Mama Naaw
      10,586 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        562 35 J*"* fry N> Barti teteil PupartiM 'JnW| Port (BT) Met* J1 alongside 08 08/1200 •UBT) Sim Makassar 11 ato«sute 08 08/1300 *(BT) Snar Natahn 11 4w«s4e 0808/1600 lH Satemah 113 17/8 *x«s«Je 08.08/1500 ;8atam Batata 19 *x«sate 0808/2300 *Ben Thanh 2/95 13 ator*sate 08.08/0600 *Hong Q> 189
        562 words
      • Article
        CONTAINER SCHEDULES
        1627 35 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Itecard BoaU«/B*iice Mb Slap Hi m Ett/B* fmki ftm It Ftm Aa Swan 182A 09/0200 2A 07/1700 08/0669 08/0900 3 08/0700 08/1159 08/1400 Aa Violet 0506 09/0700 IB 07/1500 07/1659 07/1900 3 08/0700 08/1159 08/1400 4 08/1200 08/1459 08/1700 Aft
        1,627 words
      • Article
        COCKETT BUNKER MARKET REPORT
        878 35 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
        878 words
    • Air & Land Transport News
      • Article
        Lock icon Japanese govt and airlines act to boost aviation industry
        407 36 Reuter TOKYO Japan's government and airlines, eyeing an expected surge in air traffic, have been separately unveiling plans to strengthen the nation's aviation industry. The latest in the series of moves is an agreement between Japan's largest international carrier, Japan Airlines
        Reuter  -  407 words
      • Article, Illustration
        Lock icon Red alert on China's highways
        44 36 Reuter im ec <*>' l l ro a,le n»imra»nc* on Monday. Traffic first toe months. C«s ore multiplying »the Chinese economy grows and accidents killed more than 15,000 people despite an official pledge to restore order on chaotic highways. Renter
        Reuter  -  44 words
      • Article
        Lock icon Making cars fuel-efficient costly and may increase pollution: study
        363 36 Reuter WASHINGTON Raising car fuel efficiency standards is an expensive way to cut US fuel consumption and could increase pollution, according to a study done for iron and steel manufacturers. The study estimated raising corporate average fuel economy (cafe) standards would
        Reuter  -  363 words
      • Article
        Lock icon Indon plane to make maiden flight on Thursday
        107 36 Reuter JAKARTA Indonesia's controversial N-250 aircraft, due to make its maiden flight this week as part of the country's 50th anniversary, has begun its final tests, the official Antara news agency said yesterday. It quoted the vice-president for aircraft design at the
        Reuter  -  107 words
      • Article
        Lock icon BAe confirms joint venture for new jet
        207 36 Reuter LONDON British Aerospace (BAe) confirmed it was working with other European nations towards forming a joint venture with an Asian-Pa-cific partner to build a new 100-seat jet. "I can confirm we are working together with other Europeans to form a joint venture
        Reuter  -  207 words
      • Article
        Lock icon Japan's imported car sales up 17.4% in July
        188 36 AFP TOKYO Sales of imported motor vehicles in Japan increased 17.4 per cent from a year earlier to 35,766 units in July, posting a record high for the month, the Japan Automobile Importers Association said last week. Imported vehicle sales rose from
        AFP  -  188 words
      • Article
        Lock icon JAL to stop direct Washington flights
        105 36 AFP YO TT.^P 3 Airlines Plans to halt direct flights between okyo and Washington DC from October because too few people are using the service, airline sources said. Seating capacity has been hovenng around the 50 per cent mark over the past few >cars,
        AFP  -  105 words
      • Article
        Lock icon KL second link operational in '98
        81 36 Bernama n LUMPUR The second link of the Light Rail Transit (LKI) system connecting Lembah Subang and Gombak with Kuala Lumpur s central business district is expected to be operational in 1998. Transport Minister Ling Liong Sik said yesterday hat section one of the
        Bernama  -  81 words
      • Article
        Lock icon Concorde for round-the-world record
        127 36 AFP PARIS An Air France Concorde has its sights set on beating the round-the-world aircraft speed record in the west-east direction, set by a Gulfstream IV in February 1988 at 36 hours, 8 minutes and 34 seconds. Concorde AF1995 will take off from New York at
        AFP  -  127 words
      • Article
        Lock icon Senate passes US$36.5b transport bill
        120 36 NYT WASHINGTON The Senate Appropriations Committee yesterday passed a U5536.5 billion (SSSI billion) FY96 transportation spending bill that includes a limitation of US$l.25 billion on obligations for airport grants US$35O million below the House allowance and US$25O million below the administration's request. The committee chairman
        NYT  -  120 words
      • Article
        Lock icon BA's 1st qtr pre-tax up 57% to record £135m
        252 36 Bloomberg Business News LONDON British Airways pic posted record first-quarter profit that rose 57 per cent as surging airline traffic offset a decline in profits per passenger. Pre-tax profit for the three months ended June 30 rose to £135 million (Ss3o3
        Bloomberg Business News  -  252 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1141 36 AIRCRAFT ARRIVALS DEPARTURES in am n> GA974 0020 GAB83 2310 i Of081 1930 QF082 2065 sqaas 2120 GAS97 1306 GA974 0000 KL837 1450 KL844 0110 SQ327 1530 KL838 2300 3Q026 2358 SQ348 2250 HZD73 1545 SQ288 2045 SQ286 2040 NZD74 2340 B tart h|M BM21 1106 SQI82 0915 SQ181 1410
        1,141 words
  • Page 23 Advertisements
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      43 23 100 years of Swedish traditions.Spares engineering services for B&W T23, V 23, L23/S2B, V2B L2B Please contact sole agent (S.E.A.) Blue Marine Tech Services Pte Ltd (S'pore) Tel: *****13/*****09 Fax: *****20 (Distributors required for Thailand, Hong Kong, Indonesia, Malaysia, Philippines, Taiwan China) j
      43 words
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      Page 23 Advertisements Column 2
      257 23 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 ji L Pis see Pa 3 for schedule High cost of Gulf shipping rivalry: Page 2 Japanese govt and airlines act to boost aviation industry: Back Page I Singapore National Shipping Association I I LOCAL DOCUMENTATION FEE I H With effect from
      257 words
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      Page 24 Advertisements Column 1
      1114 24 holds shipyard safety seminar APC's 9 senior market managers IZJ i The National Trades Union Congress (NTUC) Shipyard Safety A u,» Consultative Committee is holding a seminar on permiMo-work Jj| fil A «0| J. ks worldwide workshop is intended to leaders/ members arK j f 0 inculcate greater safety awareness
      1,114 words
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      Page 24 Advertisements Column 2
      64 24 I Bookings open I for Seatrade jfoj tanker convention Exhibition space is now available for the next Seatrade Tanker Industry Convention on Oct 29-30,1996; The event will be held at the Royal Lancaster Hotel, London Prioe ranges from *1,920 (554,282) for a 6 sq m space to £9,440 for a
      64 words
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      Page 24 Advertisements Column 3
      199 24 Lines and services represented by Members of the Registry of Accredited /ejHKft Shipping Agents, Singapore National Shipping AssocistkHt For advertising enquiries, contact Shipping Times: Tel 740-2069/740-2090 PORT SHOT? The latest in sea, air i s and land transportation Shipping Times Monday to Friday BusinessTlmgs BHBK AOfTYA PWAXASH 12AJS Mm/MHAM/Hm+m I
      199 words
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      Page 25 Advertisements Column 1
      799 25 WHOLESALE CENTRE, BLOCK 1,103-10 SINGAPORE 0611 (12 LWU) 110,,,,,000 w FAX: *****16/*****25 TLX: RS2SI2CV2SOM FSSHIP vesa vor sum sain ocstwoion smm iz/w nm nm kah^nbimk 16 DIMM 11/ M 12/ M nNIWUC/SMIEII Ma )t/n ■pop mm mtumtm SUf SUM VK 14/ M 1 4/W itfMR/MDMK SHJOT 4/fc IVH 1(/N JMUWfMMK
      799 words
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      Page 25 Advertisements Column 2
      1205 25 PAOBC SOUTH WIST EXPtBS (DMKT) mm ~¥ot sumlaiia I m loa loi I I a* I hou I wuc wot I I ■MWCMMI 87A M/M 11/W Z7/W tt/U I 31/11 11/4W I 11/W I 81/W 11/W |«i/W tS/W 1 mibiw«H 45A I 17/18 I 18/88 g/)> <S/W I I 87/W
      1,205 words
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      Page 25 Advertisements Column 3
      578 25 (g) HANJIN SHIPPING \mmiam wt |m i wwm |m 1 rviTril \mmw* miiiw«iwi|Mi|u|»K| iHHUIHMMt 02] I 111/11 I MKT I 11/ M I Al/M I ftf/M I ■Klin Mtf 111/ M IftMM ftff« IU/M I If/Mll7/M 1 m»iy/W WW IM MI IWUWWSMI \im u/wmaw m» n/w n/wa/w mmtmrnm* tm pyw
      578 words
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      549 26 ■■■H .1 h rf.l l.1M»BJ J »l?l M J J »T^lllll FJ/J.l inTTOTr^^^M wsa wt hm nw ami dm sum pjbms an hk iao iw sm m m w** jm im: zmi z~ iez h 1 Jsl!* iv<» n/7 a/7 i»/7 iv> u/i 14/1 iz/i 71/1 ha < wiUi WST
      549 words
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      Page 26 Advertisements Column 2
      781 26 I NORASIAI VBSBBL VOY MM ALO LAS BCL VAL HAM M ROT ANT ML IMA MM HAL TO MSI-1 11M AM MM KM Ml Mi MM MM Ml Ml DM MM BEL MM MM Ml MM MM MM Ml TIM ttM MM MM MM M.MM M> Ml MM YIM MM
      781 words
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      Page 26 Advertisements Column 3
      414 26 JAPAN/HOMOKONQ/STBAfTS WBOULAB SBRVICK LOADING FOR PORT KLANG/PENANG mm. m| mm r.awm \wa \m W.WUBHT 1 MPT MOW I- ~l wwwmw 14 aw I mum In mm) ■mthjjm Its I mum T- tomb la wow uow biw |ii hi ow wgm w«ta I h 11 mm uum Htm c—ww 4 now
      414 words
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      Page 27 Advertisements Column 1
      1004 27 U SHIPPING PTE LTD H JBM II Nm C»lao« Road #11-01 Kippri Towors Slof oporo 0208 Tol: *****88 Fu: *****17 SI SkmiSk.'n SSB *3 S3 IoUBHS gw SST s sis »S 00w, ,r, b s»k« as as? sra ss ss HMte. IM. Ml ri^rn,! OOQWC VI7S v* JM.tallMt UiMM.lln FETOMMSBNICE
      1,004 words
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      Page 27 Advertisements Column 2
      1449 27 P&O Containers <sin«mpo™ u* First Class Connections WORLDWIDE S??Tde? 345 M PNOOf^FttS 7517 CR Naber *****9 IMMZ unoo!e maersx <£» I »/w k!» Sw WW om» <IMft wr OOT WT HAM ORB SOU 1» «U JB -**o -mm OREMTM. BAY SSM OMI IMS IMI 2MB 21/08 cr2/08 <>2/00 lIJBWMfIeCMI MM
      1,449 words
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      1108 28 Vm|JJ i rwi M" ««l W UK LHV TMP ROM ANW HM PKL SBP I tWHTWHII 1U 1/1 U M H «l E. BATHER RE-SS2 I*7 11/7 I*7 13/7 IV7 HIM SSSSLfTEf 11 m M M I*l 12* 13* E BRAND RE-W3 17/7 11/7 I*7 2*7 21/7 14* 1M *"25"
      1,108 words
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      Page 28 Advertisements Column 2
      581 28 pEnimwoujaßwicg w out mu omn w rJrr DO MHM HM Ml Ml Mi M IMM24W r« mi n« tiM Ml am SS i ii-w mi mi mm mm mm mm ot« Ml— JIM 11M Mi iS H« I nMWITOMM.»<IU«.JBaMJ««>MMI. MMCAT(MM«»OOI). PIHBUMMMIMMi WTWmMMMWMMKCUIMIfUItM I I MHJIW Mi Mi Mi m SSrSS
      581 words
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      Page 28 Advertisements Column 3
      424 28 gMCHFUMAMAQBSSBTrTILTO^ TEL: *****33 <12 UNES) FAX: *****18/*****03 TSLBX: 118 *****IWMP p UnM) CH NO: **********0E ACCEPTING FC AND CO* VENTIONAL Vmml My BT* Loadhng tor Abyct 41WB 2»W Mtavwanc 4«w mno MMMA FULLY CONTAINraRFn REGULAR LlN*"* sravirg ACCEPTING BOTH FOL/LCL ALSO BOtfSOC K*FO*T TO. MAuimus AND t Armours Anaakfogii <*»»
      424 words
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      Page 29 Advertisements Column 1
      1444 29 niHjn b wjv A h H MH WM, OOESSA AW »m| WWAifIA VIA v^c^^wHASSOfii' Uftftnt ImfH 4»—ft. hi it—nl): tttittt liMhUi 4t*tr D*ft COSTAR SHIPPING PTE LTD m c—*mr «ms*i/u* cwmn/ik-m omm M m wcr ttssii*"" m—..szssg f T^2£r*~ M, M. 17-ItMW/llr fU tT-MUin Ik U.S. East Coast Tfc From:
      1,444 words
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      Page 29 Advertisements Column 2
      657 29 HEUNG-A SHIPPING (KOREAN FLAG) M—l m IMWhi Im Im 11 111 l» 1111—Iw> lIIWM IQ" I njmttmTZmTZttZTTZrnm I rwwA—fc ctbww i *q» I it/w »/wi nm\ »m inmtsm »/w »m HU'iUNi aqucci ptelfp i iwww siw u/w| 11/wim/wi H/nit;/i«i>i/w ts/w mT nowaswiuw-mww Iwo cobb i wsmi a/wit;/win/w| m/wlm/Hw/wmvwlu/wI f iwb
      657 words
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      Page 29 Advertisements Column 3
      624 29 I FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT LINE: *****33 (30 LINES) i BARCELOKA/SPAIN 09/0S LEHAVRE/FRANCE 11/08 I MARSEILLE/FRANCE 15/08 HAMBURG/BREMEN 11/08 I GENOA/ITALY 12/08 ANTWERP/BELGIUM 11/08 GOTHENBURG/SCAN 13/08 ROTTERDAM 11/08 AARHUS/COPENHAGEN 13/08 FEUXSTOWE/UK 14/08 LOS AHGELES/WC/IPI 10/08 SYDNEY/MELBOURNE 09/08 NEW YORK/EC 10/08 FREMANTLE/ADELAIDE 09/0t VANCOUVER
      624 words
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      Page 32 Advertisements Column 1
      1046 32 nSsSQEBIIffISBHiffIa I vnm VOY SBI I JKT I [VESSEL VOY BMPEN l^H H VESSEL voy SM BKK WANABHUM 2688 Wod 08/08 ~St 12/08 B. MAS QUA aoit TW IHH Thy I 10/Qs" iiii— 12/06 Jttyj*?- Si y W "HUM* 238N Wod 08/08 Sal 12/08 1- 7*®- ISH -ISfift. S 7=
      1,046 words
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      Page 32 Advertisements Column 2
      669 32 79 ANSON ROAD, *21-01, SINGAPORE 0207 CR IS3S7S2OOOON «TWAIT»HumLg«WVICI PORT KLAHO 1 PENANQ veub. iwy an I m m Iwr m SEALAMEI 412W 10Q8THU 1108FRI I LHOTSE 5045 OMBWED 11XMFR1 EAfilf MOOW 096 A 1006 THU ~~I2OBSAT BDRAGOWIWAS 43W 10Q8THU 1208 SAT MOO ***** 1108 FBI 1306SUW XOUR SPORE *****
      669 words
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      438 33 i BSA A b MYANMA FIVE STAR LIME J" (My—f National Line) v Loatfiog for Yangoo (Rangoon) Span PUg PEN P.Mg WMftU la PI Jr hfa-an mm MALAYSIA AfiENTS: lOUSTEAO SMPPNtt AGENCIES ML TH M-43-*****M PBj TEL 82-SS-37MW r- K* TH 12-44-*****12 POO; TO. 12-47-*****21 M J M NIGERIAN NATIONAL
      438 words
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      Page 33 Advertisements Column 2
      834 33 ADVANCE CONTAINER LINES (PTE) LTD A r l l 140 Cod StiwL #1240. PIL BuOdna SMommv* 0100 Li TEL:22I3O2I,FAX:2233OIO,TELEX :R*****0 ACLPL CR NO. **********0E I IMMM. aw aw Vtaaa vw I aw jkt m HMSfe In« nyl ZL y —1 'VW n/m im —awSii I !i/M irl m! y«£ it
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      687 33 |CR NO: **********0Z ivEaaat w mt nwwt hambuwo Hiwuhi won—*m I amiwwTl VLLEOECAAMA CKMf OMM 2MB 31AM OMM (BOS *> VM£o6«Aorm new wm flaw 07/qb omm turn ii/ob VUEPAOIAA AIOW 2MB UM 14*00 10AM 17/09 14AM yiLLED-HYDRA HIOW 3M» IMS 2MB a« 7 AUO ACCEPTMQ CARQO TO ALL U. K.
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      518 34 ■am mm m AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi, Istamqaia (Doqharun) P'! ?'/?y^|^: AJrra Ata. Ashkhabad, Baku, Dushanbe, MMttZOT Munch Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow. Internattorri Giwiters NovosotHrsk Tashkent, Tbilisi, Vladivostok, Vostochny Mongolia: uiaan Bator N Korea; Pyongyang, Nampo EXPRESS CONTAINER SERVICE to west coast south america ALSO ACCBPTIMO CAMO
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      Page 34 Advertisements Column 2
      659 34 SSjSS^IL 7 aA^wauaioi eAMMCOfcWaWWT SURABAYA; (Sl)2tl MO P. KELAMQ: (OS) WM7I JKT: Q1) OBOHQ7 MDW:»1)Blim IMMm >WI (II) A— I ASIA HKG/TWH/BKK GENOA/EUROPE I PEN PKL SIN DAILY RECEIVING r>l PEN PK SIN 9/8 10/8 11/8 HKG/BKK/KEE/KHH G bwgC hagen/S holm/Oslo 9/8 10/8 11/8 13/8 14/8 15/8 HKGfIKK/KEEAHH flggL. JJJ
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      Page 34 Advertisements Column 3
      247 34 DIRECT MONTHLY SAILINGS vessel n si n pi ma ARUVI22 SID SID MPT 19/01 25/00 01/09« Also calls E.L I P.E. MALAYSIA AGENTS: PORTKELANG TG. MAM i 1EL*****00 IEL MO2OO SUO AGENTS: KOTAKMAOALU UMUI TEL: *****7 TEL ****** (FOREST PROOUCTS SERVICE) TAW SKN KKU ITU PACTA* V2/9S SID SID SID
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  • Page 35 Miscellaneous
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      Page 35 Miscellaneous Column 1
      126 35 REGIONAL WEATHER L LEGE NO: R Thunderstorm TeoWur. •<, A Shower WmMw —X Wind cSrecbon with speed n knots Wovh^gh, Woe* «Mt or* indicated by arrows wfcicfc fly with Km wind One ful circle represents cotm or light ond vonoble winds 1 On* half fleche represents 5 knots I—One ful
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      314 36 QKst g BH ?4 S OnC of Malaysia's lead- The introduction of the ISM Code will involve the use Training and Consultancy of proven management auditing techniques, rather V? 8 iU development and improve- than straightforward inspection. A specific requirement r„„„„nL° y na B ement Systems. We wish to embodied
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