The Business Times, 17 August 1995

Microfilm: NL20017
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    13 1 SINGAPORE BUSINESS TIMES WE KNOW ASIA MITA(P) 194/12/94 Thursday August 17 1995 85*
    13 words
  • Article
    Lock icon Dow down 6 points
    60 1 Reuter NEW YORK Worries about the impact of a strong dollar on multinational firms yesterday kept pressure on the Dow but technology stocks moved higher as investors cheered strong HewlettPackard and Applied Materials earnings. At 2pm EDT, the Dow Jones Industrial Average fell 6.33 points to
    Reuter  -  60 words
  • Article
    Untitled
    167 1 Stock market indices Wednesday Change STII 2.053.23 -9.32 KLSEComp 1,028.30 -9.77 Nikkei 18,158.73 +706.01 Hang Seng 8.985.05 +53.74 SET Index 1.309.64 -4.89 Jakarta Comp 510.38 -4.49 Manila Comp 2.845.22 -16.97 Taipei WPI 4,792.39 +200.98 Seoul Comp 904.44 -4.26 Bombay BSE30 ..3.425.82 +16.71 CLSA China B 860.09 -5.87 Aust All Ord
    167 words
  • Article
    Nikkei's gain won't lead to Asian bourse drain
    414 1 Investors are dumping bond holdings to finance their new splurge, writes Anthony Rowley in Tokyo ACCELERATING flows of domestic and international funds into the Tokyo stock market are unlikely to have an adverse impact on other Asian stock markets by draining liquidity.
    414 words
  • Article, Illustration
    Lock icon Tokyo shares jump 4.1% as US$ soars
    508 1  -  From Anthony Rowley in TOKYO TOKYO stocks staged a further spectacular rally yesterday on the back of the latest strong surge of the US dollar against the yen. After breaking the 17,000 barrier on Tuesday, the Nikkei-225 stock average soared past 18,000 yesterday
    Source: Bloomberg  -  508 words
  • Article
    Lock icon US$ yields to profit-taking in New York
    232 1 Reuter NEW YORK After surging to a six-month high of 99.05 yen in overnight Tokyo trading, the dollar opened lower yesterday, succumbing to prof-it-taking, but dealers said it was not enough to undermine the currency's bullish tone. "Profit-taking is bound to hafipen after
    Reuter  -  232 words
  • Article, Illustration
    Lock icon How much higher can the dollar climb?
    461 1  -  Neil Behrmann traces its comeback and poses this question to analysts Neil Behrmann TEN years ago, almost to the month, central banks aggressively drove down an overvalued dollar from unsustainable heights. That action, which took place when the US currency was already on
    Source: Bloomberg  -  461 words
  • Article
    Malaysia's inflation slows to 3.5%
    415 1  -  Bank Negara's move to push up rates puzzles analysts From Ho Kay Tat in KUALA LUMPUR MALAYSIA yesterday reported lower inflation in July, making Bank Negara's shoring up of interest rates this week a puzzling move to those who had expected rates to stay flat.
    415 words
  • Article
    S'pore firms sealed 246 new China projects worth US$846m in 1Q
    380 1  -  By Teh Hooi Ling SINGAPORE Singapore companies reached agreement on 246 new projects in China with a total investment value of US$B46 million (about S$ 1.18 billion) in the first quarter of the year. Of this, nearly 40 per
    380 words
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      181 1 ]<-&_||'>&~@{&|{*;<_^~[{-[:>{.@ BT Online Look us up at http:// www .asial xom .sg/biztimes Newt CanpaaiM Sfon News 2 S'pofHtfsa 15,16 te®onal News 3-9 Financial 18.19 *tortd News 14 ffliitih Oob/KLSE, SES .22 24 Regional 20 l* 13 Wortd 21 Edterni 12 Currencies 18 TV/litaJjfc 11 Sow/Commo ..18,19 Td 1800-*****77 Fa *****75
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      29 1 Law: Pg 13 Contracts involve more than promises Indonesia's 50th independence anniversary Suharto's state of the nation W\ address, Uhf Pg 4 Ri Who will succeed Suharto? Pg 6
      29 words
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      10 1 Hock Lock Siew: pg is Give Banharn govt a chance
      10 words
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      173 1 l|M V Bottom Jhterpg Hope *Wor More local investments in China soon, Pg 2 Thailand floats controversial port fitm THE THAI government is pursuing a plan to lease Myanmar's tiny Andaman Sea port of Tavoy and build an overload cargo route from the port to Bangkok, thereby avoiding the long
      173 words
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  • SINGAPORE NEWS
    • Eye on the Economy
      • Article, Illustration
        Lock icon Hotel occupancy expected to rise in 3Q
        301 2  -  By Agnes Wee HOTEL occupancy rates are tipped to rise slightly in the third quarter of this year. A survey by the Singapore Hotel Association shows the standard occupancy rate which includes complimentary rooms is projected to be 86.6 per cent. The nominal
        Source: STPB  -  301 words
    • Article, Illustration
      Extension to The Ascott gets URA go-ahead
      282 2  -  By Abdul Hadhi SCOTTS Holdings has received provisional approval from the Urban Redevelopment Authority to build a 30storey extension to the 28storey The Ascott Singapore at Scotts Road. Scotts said yesterday it had obtained approval to increase the plot ratio of the land
      282 words
    • Article
      More local investments in China soon: survey
      364 2  -  By Tah Hooi Ling ABOUT seven out of every 10 companies in Singapore want to invest or increase investments in China, according to a survey by accounting and consulting firm Coopers Lybrand. The survey found that about half the companies polled want to
      364 words
    • Article
      Esso Singapore to cut refining capacity by 15%
      527 2  -  By Siow Li Sen THE protracted slowdown in the oil trade is taking its toll on local refiners, with at least one oil major resorting to a cut-back on production capacity. Esso Singapore yesterday said it would reduce its 220,000 barrels per
      527 words
    • Article
      Growth in ad spending to dip below 10%
      500 2  -  Expenditure grew 7.8% in first half as depart^qt stores cut back By Michelle Low ADVERTISING expenditure (adspend) is poised to grow under 10 per cent for the first time in several years, said a senior Singapore Press Holdings executive yesterday. SPH group
      500 words
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      311 2 mm mm tsa The Conference for Asian businesses that want to find out how to use the Internet to increase their profits 30 October 1 November 1995, The Shangri-La Hotel, Singapore Hundreds of thousands of companies are This event includes a full-day Internet already 'open for business' on the Internet.
      311 words
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      70 2 Profit from Motto's corporate fodfities and convenient location on Scotts Rood a hw Mat Mm stops to ihe MKT and you're in ihe heart of Singapore's shopping and business areas. mtillU melld HoMes Mdii at Scotu, 43 Scotts Road, Singapore 0922. Tel: *****85 Fax: *****32 IKAaL-COLnMBM-OOrrA MTA-CUBA-DO»«TA* OJMAWT OMBTf WDOHEMA-MAl^rSlA-MmICX)-WrrUGAI.-HNOArOKf-
      70 words
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      167 3 Mil Inn is Eiv I *****11% 11 »vv »^^^^Bira«lßlPS^^^^^H I ftw4^W4M^PpBHHP^iPB ,fl\\u\v C: :'S. V 3Vo^^^^HK&a^^H I Awfetti. vAy&fem4<A\^^^^^H||^l.'* REFLECTION OF your wmgmm THE TOWER RESTS ON FOUR ILLUMINATED CLASS CYUNDCRS. brief to world renowned B was simple, design a landmark BUILDING THAT REDEFINES VISION OF QUAUTY AND EXCELLENCE. WE
      167 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Suharto sees growth at 7.1% but cautions on inflation, debts
      530 4  -  From Lesile Lopez in JAKARTA INDONESIA outlined a bullish economic agenda yesterday, pegging average growth at 7.1 per cent until the turn of the century on the back of rapid industrialisation and a booming export sector. In a nationally televised
      AFP  -  530 words
    • Article
      Lock icon Thailand shaping a master plan for industry
      437 4 Cooperation with the private sector underpins new strategy, say ministers Business Day BANGKOK A master plan for Thailand's trade and industry will be submitted to the Cabinet early next year, Industry Minister Chaiwat Sinsuwong and Commerce Minister Chucheep Harnsawat announced yesterday. During a
      Business Day  -  437 words
    • Article
      Lock icon Article in Thai army newspaper ridicules govt reform plans
      274 4 Reuter BANGKOK Government plans for reforms have been dismissed as foolish in an article published by Thailand's politically powerful military. "The political reform plan is more or less like the story of the foolish grandfather trying to move the mountains," said
      Reuter  -  274 words
    • Article
      Malaysia can do without US preference on trade, says Mahathir
      425 4 KUALA LUMPUR Malaysia will not appeal if Washington decides to remove it from the US Generalised System of Preferences (GSP) list. Prime Minister Mahathir Mohamad told the Cabinet that Malaysia should be able to continue with its trading activities without
      425 words
    • Article
      Lock icon Price rise won't ease M'sian cement shortage, say analysts
      472 4 Reuter KUALA LUMPUR The Malaysian government's raising of cement prices on Monday will not ease a nationwide cement shortage this year and may even stoke inflationary pressures, analysts said. The move is also likely to encourage companies with dormant cement manufacturing
      Reuter  -  472 words
    • Article
      Lock icon Indon private sector urged invest abroad
      168 4 Reuter JAKARTA Indonesia is encouraging private companies to invest abroad to create global distribution and marketing networks. The Jakarta Post newspaper yesterday quoted Trade Minister Satrio Yudono as saying: To become a global business, a company has to be able to produce and sell
      Reuter  -  168 words
    • Article
      Lock icon Manila to boost ties with Jakarta
      82 4 UPI MANfLA The Philippines said yesterday it was currently drafting an investment guarantee agreement with Indonesia in a bid to further enhance bilateral economic relations. The trade and industry department said the agreement would guarantee the security of Indonesian investments in the country and
      UPI  -  82 words
    • Article, Illustration
      Lock icon Kenyan president at Proton factory
      47 4 Reuter SHAH ALAM Proton chairman Nadzmi Salleh (right) showing the engine of the Malaysian national car, Proton, to Kenyan President Daniel arap Moi at the factory here yesterday. Mr Moi was on the second day of a four-day visit to Malaysia. Reuter
      Reuter  -  47 words
    • Article
      Lock icon Indonesia to market unleaded petrol
      95 4 AFP JAKARTA In an effort to change Jakarta's ranking as the world's third-most polluted city, Indonesia plans to start selling unleaded petrol by the end of this year, a minister was quoted as saying yesterday. Environment Minister Sarwono Kusumaatmaja, who was attending the launching of
      AFP  -  95 words
    • Article
      Lock icon Thailand in joint satellite project
      79 4 Bernama-Xinhua BANGKOK Thailand's private sector will be invited to participate in a multi-mission small satellite project which Thailand will develop with China, South Korea and Pakistan, press reports said yesterday. The transport and communications ministry has finalised details of the project which can be developed
      Bernama-Xinhua  -  79 words
    • Article
      Lock icon Philippine investment proposals surge
      63 4 Reuter MANILA The Philippines approved 61.19 billion pesos (553.4 billion) worth of investment proposals in July, nine times more than the year-ago level of 6.62 billion pesos, according to documents from the Board of Investments. However, for the seven months ended July, it approved 207.74 billion
      Reuter  -  63 words
    • Article
      Lock icon Mahathir to visit S Africa to support business deals
      232 4 AFP KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad is visiting Namibia and South Africa, where several large deals have already been forged. Officials said yesterday that Dr Mahathir, accompanied by a 300-member business delegation, will leave for the six-day visit on
      AFP  -  232 words
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      69 4 The big question is: Who will succeed Suharto? Pg6 I Steal Dnnkf Creai tygic {wrfkm/tf I Take an original evening. Add a dash of live music. Sprinkle with laughter and the latest gossip. Served with finger-licking snacks. And you have the j Clemenceau's recipe for a sensational great time. Happy
      69 words
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      140 5 w^m'^^yy^^W^^uaWBBWBBHBIWWWHWWWHj^WWW "-^4-^>i»<i—<S— imJfTißlf*" li^****" cr€^s «BI"**"*-- ~.-^5^..: ..-==>• jyik i--s gMT 1 mfiiii T^^^^^^B^Ml^^^M^M^MlllMulgggggCSS^^^^^^^llM^ll! ■Mi——■—l^ im 11 ,11 i Til > I I H SOLE AGENT SERVICE CENTRE: TAG HEUER SINGAPORE PTE LTD 250 North Bridge Road #32-04 Raffles City Tower. Singapore 0617. Tel: 338 6848. Showroom: #01-20. Ngee Ann
      140 words
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  • Indonesia's 50th Anniversary of Independence
    • Article, Illustration
      The big question is: Who will succeed Suharto?
      1070 6  -  Reports Lesile Lopez in JAKARTA EARLY this year, Indonesia's diplomatic cocktail circuit was gripped by the contents of a 17-page document which dealt with the country's political situation. Most political watchers already knew its main thesis: President Suharto remained the "key" to
      1,070 words
    • Article, Illustration
      Lock icon Economy faces major challenges as wealth gap widens
      1027 6 AT A BUSY alley in Jakarta's business district, Sumardi races to meet the orders for his fish paste noodle soup from lunchtime customers. Judging from the crowd around his rickety stall, business is not too bad. But Sumardi frets that rising costs
      Reuter  -  1,027 words
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      616 6 Jurong Shipyard Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Directors of Jurong Shipyard Limited announce the following unaudited results of the Compeny and of the Group for the half yeer ended 30 June 1995: The Company The Group 1906 1994 1996 1994 rOOO Change $*000 $'000 Change Turnover
      616 words
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  • CHINA/HONGKONG/TAIWAN
    • Article, Illustration
      Lock icon Taiwan stocks gain on talk of mediation by Lee Kuan Yew
      550 7 Reuter Bloomberg Business News TAIPEI Stocks rose by more than 4 per cent on a report in a Hongkong newspaper that Taiwan's president had asked former Singapore premier Lee Kuan Yew to help end a standoff with China. The
      Reuter; Bloomberg Business News  -  550 words
    • Article
      Lock icon HK to consult Beijing about rate deregulation
      269 7 AFP HONGKONG Financial Secretary Hamish Macleod says the Chinese government is likely to be consulted on the deregulation of interest rates .on time deposits. "We haven't made a decision yet on deregulation but I expect we will consult the Chinese on that," Mr
      AFP  -  269 words
    • Article
      Lock icon China central bank avoids risky futures in managing forex reserves
      358 7 Reuter Bloomberg Business News BEIJING The Peoples Bank of China, the central bank, has avoided risky futures deals, opting to steer China's foreign exchange reserves away from the volatile international market, a bank spokesman told the Xinhua news agency yesterday.
      Reuter; Bloomberg Business News  -  358 words
    • Article
      Lock icon China empties grain silos, raises imports to curb prices
      311 7 Bloomberg Business News SHANGHAI China has dumped two million tonnes of corn and six million tonnes of rice from reserves onto its domestic market over the past year to curb food price rises, the official China Securities newspaper said yesterday. Also,
      Bloomberg Business News  -  311 words
    • Article
      Shake-up in PLA as tension with Taipei simmers
      477 7 SINGAPORE In a top-level shake-up of China's People's Liberation Army (PLA), Defence Minister Chi Haotian and Chief of the General Staff Zhang Wannian have been appointed vice-chairmen of the Central Military Commission (CMC) of the Chinese Communist Party, the nation's highest military
      477 words
    • Article, Illustration
      Lock icon Education for all
      47 7 AFP LONGJU, China A woman from impoverished Longju village, 170 km south-west of Beijing, holding her son in her lap while attending class at a special "mobile school" for rural women run by a non-governmental organisation linked to the People's University of China. AFP
      AFP  -  47 words
    • Article
      Lock icon Computer industry faces smuggling woes
      95 7 UPI BEIJING Rampant computer smuggling has become the biggest obstacle to the expansion of foreign and domestic computer firms in China's booming market, an official newspaper said yesterday. With demand rising but tariffs and value-added taxes on imported models topping 30 per cent, more and
      UPI  -  95 words
    • Article
      Lock icon China chalks up US$14b trade surplus
      94 7 Reuter BEIJING China has recorded a trade surplus of USS 14.32 billion (5520.33 billion) in the first seven months of 1995, customs figures showed. Exports soared 39.7 per cent to U5582.06 billion while imports rose 15.3 per cent to U5567.74 billion, figures released yesterday
      Reuter  -  94 words
    • Article
      Lock icon Growth averaged 11.7% during 1990-95
      92 7 Reuter BEIJING China's economy grew by an average of 11.7 per cent during the 1990-95 Eighth Five Year Plan, some 3 to 4 percentage points higher than projected, the State Statistics Bureau said yesterday. It projected growth in 1995 at 10 per cent, still running
      Reuter  -  92 words
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      190 7 1-D«y Smiur OrgJ^X' Saigon Consulting Group (AdfvMoftof3al|D»liittfr^CMpoitfkmPteLtd) VIETNAM'S ENTRY INTO asean Pranni and Qpporf itin Mr. David H.D. Truong. Snr Partner, Vietnam Investment Advisory Service, Adviser, Saigon Consulting Group LEGAL PROTECTION fob nniNr. MSMESS in VIETNAM Dr. Tran Du Lich; Attorney at Law HCMC Bar Association Ms. Franca Ciambella, Resident
      190 words
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      517 7 I SupejdflTive Tung Lok Mooncakes I ■■■■■nQHHHHI Tung Lok Mooncakes (4 pes per box) ffijfl A. Pure lotus seed paste $26 pßw B. Pure lotus segljfcgste with macadamia nuts $28 Ey C. Lotus seed single yolk $28 Lotus sf»dptftte*ith double $30 |5| E. Mini lotus paste per lotus seed paste
      517 words
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  • ASIA
    • Article
      NZ govt loses NZ$3.6m in land dispute with Maoris
      451 8  -  Fran Mike Simms in AUCKLAND THE New Zealand government is more than NZ$3.6 million (553.3 million) out of pocket after it backed down in a dispute with a group of Maori land claimants. The dispute had slashed NZ$l.2 million off the
      451 words
    • Article
      Lock icon Australian govt increases debt sales
      297 8 Bloomberg Business News SYDNEY The Australian government has increased its borrowing programme for the year started July 1, with the first bond tender for the year scheduled this month. The federal Treasury Department said the borrowing programme now is estimated at ASB.S billion (558.75 billion),
      Bloomberg Business News  -  297 words
    • Article
      Lock icon Indian textile firms told to modernise or lose markets
      299 8 Reuter BOMBAY The Indian textile industry should upgrade its technology if it wants to preserve export and even domestic markets, a textile ministry official said yesterday. "Textiles and garments account for around a third of India's exports. Ministry secretary TSR Subramanian
      Reuter  -  299 words
    • Article
      Lock icon Backing for Murayama cabinet dips
      104 8 AFP TOKYO Support for Prime Minister Tomiichi Murayama's cabinet has fallen to 34.8 per cent from 37.3 per cent last month, according to a Jiji Press survey released yesterday. The number people unhappy with the cabinet rose 1.8 per cent from 39.6 per cent to
      AFP  -  104 words
    • Article
      Lock icon France asked to pay for nuke test damage
      82 8 AP BRISBANE France should accept full responsibility for any damage done by its nuclear tests, including the payment of compensation to South Pacific countries, Australia said yesterday. Environment Minister John Faulkner, speaking to delegates on the opening day of the South Pacific
      AP  -  82 words
    • Article
      Lock icon Australia's Labor govt closes poll gap
      114 8 Reuter CANBERRA Australian Prime Minister Paul Keating's Labor government has unexpectedly narrowed the opinion poll lead held by its Liberal-National opponents. Each of the three major opinion polls is volatile, but a Reuters average of their results shows the opposition's lead shrank to 4.7
      Reuter  -  114 words
    • Article
      Lock icon 11 killed in Bangladesh floods
      97 8 Reuter DHAKA At least 11 people have been killed in the floods sweeping Bangladesh and they may spread further as major rivers are flowing above danger levels, officials said yesterday. They said three children and a man were drowned on Tuesday in Lalmomrhat, one of
      Reuter  -  97 words
    • Article
      Lock icon Australia, NZ agree to fight tax evasion
      47 8 Reuter CANBERRA Australia and New Zealand have agreed to increase coopculiofl in loolon£ into Xmjl numnHMtjoiL svoiddncc and evasion srhrmcs in trans-Tasman activities. Australian Tau. Department Commissioners yesterday signed a memorandum of undentandim to raise haison on tax inei Hmy
      Reuter  -  47 words
    • Article, Illustration
      Lock icon Japan relieved after PM's clear-cut apology
      491 8 Reuter AP TOKYO Japan beawd a sigh of relief yoMte after Prime Minitfer Tomncbi *4+ rayama's dear-cut apoftu* far his country's rale in Wortd War II was wdooned by mom foreign governments and both domestic and foreign media. "We are still studying very carefully
      Reuter; AP; AFP  -  491 words
    • Article
      Lock icon US, Japan agree on final language of car pact
      371 9 AP WASHINGTON The United States and Japan have completed work on a 30-page text of their agreement to open Japan's car and car parts market, US officials said on Tuesday. US Trade Representative Mickey Kantor and Japanese Trade Minister Ryu tare
      AP  -  371 words
    • Article
      Lock icon Australian consumer confidence index falls
      348 9 August reading is lowest in six months Bloomberg Business News SYDNEY A widely watched measure of consumer confidence in Australia slipped 0.8 per cent in August, its third monthly decline, to its lowest level in six months. But confidence is still close to the year's
      Bloomberg Business News  -  348 words
    • Article, Illustration
      Lock icon S Korea to continue free rice shipment to North despite tensions
      404 9 AP SEOUL Despite signs of worsening relations, South Korea confirmed yesterday it will continue its promised free food aid to rival North Korea. The government has been under public pressure to renege on its promised rice aid after the
      AP; AFP  -  404 words
    • Article
      Lock icon War-risk insurer visits Sri Lanka to encourage foreign investment
      472 9 Reuter COLOMBO An investment guarantee agency which provides insurance against the risk of war in developing countries has spent three days in wartorn Sri Lanka scouting for business. The Multilateral Investment Guarantee Agency (Miga), a member of the World Bank group,
      Reuter  -  472 words
    • Article
      Lock icon Ramos supports NZ efforts to stop French nuclear testing
      301 9 AP WELLINGTON President Fidel Ramos of the Philippines yesterday pledged support for New Zealand's campaign to stop French nuclear testing in the South Pacific. A critic of Chinese nuclear testing and of attempts to develop nuclear weapons on the Korean Peninsula,
      AP  -  301 words
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      296 8 THE LUXURY CAR THAT GIVES FREE REIN TO YOUR EMOTIONS. THE NEW BMW 7 SERIES. TAKING THE LEAD. The challenge that faces the luxury carmaker today is not of exhilarating driving experience many had given up for lost. seated behind the wheel itself. just to meet the social necessities of
      296 words
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      145 9 fe Hons. 1 IBM Ife IB# *fi r I; In 'any had given up for lost. seated behind the wheel itself. 3h on the 14 speaker digital But before you get totally carried away, you also need to >ad and let your emotions 4 know that there are several highly
      145 words
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      1262 10 ■hi il i\r-WA 11J h\ mn 11*11\ l lAJ}l J» I M where to wine, dine and entertain E9 L WOWIDS LARGEST SELIING BCER J K w»Q pWmnacMouNmuM^-. Exilishft Ontrmwli ElltA /^H][ 10* iff for ink ptfNif j 1 y Just tpand $500 and above wflhin 6 morths at any
      1,262 words
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      225 10 rajJ 40 f Heavenly Mooncakes j at Mandarin Singapore From 6th August till 9th September Savour this year's divine creation, the Shandong Mooncake. Traditional favourites 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
      225 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Clinton on vacation
      737 11  -  Todd S Purdum takes a look at the US president's chosen summer vacation site Todd S Purdum NYT TWO YEARS after he nearly came to Jackson,. Wyoming, on his first presidential vacation, Bill Clinton arrived on Tuesday in this cool, clean, cloudless valley where moose are moose,
      NYT  -  737 words
    • Article
      Lock icon Whiffs of scandal and other nose-talgia
      667 11  -  An exhibition now on in England offers an interesting insight into 2,500 years of the development and culture of perfumes. Paul Majendie reports Paul Majendie Reuter RESS a button and out r* wafts the cologne that A French Emperor Napoleon Bonaparte once wore in
      Reuter  -  667 words
    • Article, Illustration
      Lock icon Princess in distress
      311 11 Reuter AP AP PRINCESS DIANA broke down and sobbed for 10 minutes at her health club after her children left for a holiday with their father, Prince Charles, The Sun newspaper reported on Monday. The Princess of Wales had to be comforted by staff at the exclusive
      Reuter; AP; AFP  -  311 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1040 11 Patting Art In Its Plact: Cilery I Wltkant WaNs, 10pm, Ck The Yorkshire Sculpture Park the largest open-air gallery the tors go to the 100-acre I which has sculptures scattered H over landscape. need not only they are to make are the Mask Kid 2, 8.30pm, Ck 5 young boy
      1,040 words
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  • Article
    PSA tariff hikes justified
    561 12 AS EXPECTED, the Port of Singapore Authority has announced tariff increases. And predictably, shipping lines are unhappy. The Singapore National Shipping Association has gone on record to say it is concerned that the proposed increases "would have a serious impact on the cost of doing business
    561 words
  • Article
    There is a silver lining
    250 12 GOING SCRIPLESS for the Kuala Lumpur Stock Exchange is a logical progression for Asean's biggest stock market. A paperless settlement system, in which changes in the ownership of securities are reflected through book entries, is necessary to match rising investor demand for Malaysian shares. The
    250 words
  • Article
    Need to be part of Asia
    178 12 HAS Japanese Premier Tomiichi Murayama done enough to project the feeling of remorse and apology for his country's misdeeds during World War II? This is still debatable. Some of his cabinet members, the generation of the war, still believe Japan has nothing for which
    178 words
  • Article
    S Africa's trade policy
    129 12 SOUTH AFRICA'S interests do not necessarily coincide with those of the United States, and it is time Washington grasped this point. The Clinton administration is none too happy about a deal that will see South Africa store 15 million barrels of Iranian oil at Saldanha Bay.
    129 words
  • Article
    An apology of significance
    173 12 PRIME MINISTER Tomiichi Murayama of Japan has finally offered the apology for his nation's World War II conduct. To understand the significance of his words, uttered on Tuesday on the 50th anniversary of Japan's surrender, it is necessary to recall the enormity of Tokyo's war crimes.
    173 words
  • Article
    Stop distorting the past
    66 12 OPEN SOCIETIES must be honest about confronting their past in order to fully understand the world in which they live. Japan should desist from trying to make itself the exception with its self-denials about the causes and effects of World War II. For too long, Japanese
    66 words
  • Article
    Is Saddam losing his grip?
    207 12 THE WEST is excited over news that Iraqi President Saddam Hussein's sons-in-law, who held bey posts in the government, are seeking asylum in Jordan. It is excited because: Firstly, the West learnt from the defectors of Iraq's plan to develop secret weapons. Information given on
    207 words
  • Article
    Danger in never saying sorry
    71 12 FOR JAPAN, war means never having to say you are sorry, which is cause for alarm in a world that continues to be rocked by pockets of conflict. Half a century after the end of World War II, global peace remains elusive. The world's greatest
    71 words
  • Article
    Lock icon Venture capitalist finds fertile ground in Vietnam
    1224 12  -  Briton runs vegetable-and-flower farm in southern highlands, reports Edward Gargan Edward Gargan NYT Against a wooi-grey sky in Dalat, in the highlands north-east of Ho Chi Minh City, Rolf BischofT Tulleken stood in the mud, grumbling about the cabbages that marched away from
    NYT  -  1,224 words
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      240 12 .0* In-Depth Business BMT News from Singapore afejsM Perspective*^^^ For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth-from a perspective which is more relevant to I oca 3at,ort j local businessmen than any other I publication. Some may call it
      240 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      25 12 Nou kholjvoor Ivou don t Fgß&er nr.... u>Rf\p *xR ««sW&fc wsss UXIH YOUt POONESBURY GARRY TRUDEAU WR ICGNS JUST UK£ APPI&9, MAN~.7HEYCAN "SrTJr- SHSS-S ISiP
      25 words
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  • The Law Page
    • Article
      Contracts involve more than promises, promises
      1519 13  -  Patricia Ong and Low Kee Yang examine a recent case to illustrate what consideration involves according to the law Patricia Ong, Low Kee Yang The writers are senior lecturers in law at the Nanyang Business School. NTU YOU may have heard of the legal
      1,519 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      22 13 A quick look at V*' -V r financial News, call 1 1900-913-0001, ir f r > at 30 cents -1 :M a minute.
      22 words
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      Page 13 Advertisements Column 2
      80 13 v A Flying biwry ptrt^wpiftonM. wttfi wkio noiitii aid now inlu. Whether you sleep the time away or spend It with a good book, BAB EuroClase wM make sure you're comfortable. So i owowtoor—tAS, your psrsonal akflne to Europe. jot The Businessman's Airline SAS EUROCIASS NEW COMFORTABLE SCATS WITH WWMItOONO
      80 words
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  • Article
    Lock icon Europe's economic growth slowing on currency, tax woes
    588 14 But recession not on the cards, say economists Bloomberg Business News LONDON Europe's economy is slowing down, less than two years after staging an impressive recovery and six months since economists predicted a stellar year. This gulf between outlook and outcome owes
    Bloomberg Business News  -  588 words
  • Article
    Lock icon AT&T plans to make Internet easily available
    251 14 UPI BASKING RIDGE, New Jersey US telecommunications giant AT&T has unveiled a three-tier strategy to make the Internet and on-line services as available and easy to use as telephone service for its 90 million customers. AT&T said it would provide dial-up service for
    UPI  -  251 words
  • Article
    Lock icon HP's net income surges 66% on sales of new products
    211 14 Bloomberg Business News PALO ALTO, California Hewlett-Packard Co yesterday said fiscal third-quarter net income rose 66 per cent, more than most analysts had expected, on strong sales of new products. For the quarter ended July 31, net income rose to
    Bloomberg Business News  -  211 words
  • Article
    Lock icon Frankfurt gets official SFO request for interview with Leeson
    250 14 Bloomberg Business News Reuter FRANKFURT The German prosecutor's office here yesterday received the official request from the UK Serious Fraud Office for an interview with former Barings trader Nick Leeson and has "no reservations'' about it "It will almost certainly be
    Bloomberg Business News; Reuter  -  250 words
  • Article
    Lock icon Caribbean states' summit
    52 14 Reuter PORT OF SPAIN, Trinidad The heads of state of 30 Caribbean countries and dependant territories gathered here yesterday for the largest regional summit on trade since the Miami summit of hemispheric leaders in December. The two-day summit beginning today will officially launch the Association of Caribbean
    Reuter  -  52 words
  • Article
    Lock icon Adidas denies share offer
    64 14 Reuter FRANKFURT German sportswear maker Adidas AG, famous for its threestripe logo, yesterday denied a newspaper report that it was preparing an international share offering for November. Adidas, which had noted earlier this year that it was considering an offering, said no final decision had yet
    Reuter  -  64 words
  • Article, Illustration
    India's Enron power project may yet see light of day
    917 14  -  The Bottom Line PREM SHANKAR JHA PREM SHANKAR JHA The writer, a former editor of The Hindustan Times, contributed this piece to BT I WOULD not start betting on it yet, but the Enron power project might still go through.
    917 words
  • Article
    Lock icon Housing starts post best rise in over a year
    288 14 Reuter WASHINGTON Construction starts on new homes and apartments posted their best rise in more than a year in July, the Commerce Department said yesterday, helped by stable mortgage interest rates. Housing starts climbed 6.7 per cent to a seasonally adjusted
    Reuter  -  288 words
  • Article
    Lock icon US Undersecretary of State to visit China
    206 14 Reuter AP WASHINGTON US Undersecretary of State Peter Tarno fT will visit China from Aug 24-27 for talks with his counterpart to follow up on a recent meeting in Brunei between the United States and Chinese foreign ministers. The State Department said on
    Reuter; AP  -  206 words
  • Article
    Lock icon ING suspends manager
    58 14 Reuter AMSTERDAM Internationale Nederlanden Groep, which in March bought Britain s oldest merchant bank Raring*, has suspended a senior manager after he allegedly made derogatory comments about British colleagues. Dutch ANP news agency yesterday said the man who ran ING's Investments and Funding department in Amsterdam has
    Reuter  -  58 words
  • Article
    Lock icon Briefly, It's good news
    75 14 Bloomberg Business News LONDON Ladies lingerie, swimsuits and light summer dresses shot to the top of British shopping lists last month, accounting for more than half of the rise in retail sales in the month. That's as Britain sweltered in an unusually hot summer, the second-hottest
    Bloomberg Business News  -  75 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      40 14 To crack the safe or enter Mrs Wizard's Crystal ball, call on 1900-911-0003, at 30 cents a minute. sjV boss HUGO BOSS in 01-061/063 SUNTEC CITY AVAILABLE AT TAKASHIMAYA S C.. ISETAN ORCHARD RD. BOSS SHOP NO. 01-061/063 SUNTEC CITY
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      Page 14 Advertisements Column 2
      14 14 For stories, quizzes songs, call Children's Funland on 1900-910-0001 at 30 cents a minute.
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  • COMPANIES & MARKETS
    • EYE on your Stocks
      • Article, Illustration
        MARKET MOOD
        50 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. Daiwa. Fraser, GK Goh, Kay Hian, Morgan Grenjcll, Ong Co. Nomura, Phillip. Smith New Court. Wl Can and SG Warburg.
        50 words
      • Article, Illustration
        HOT STOCK
        105 15  -  -by Paul Leo SIME DARBY at yesterday's close of $3.70 is oversold. Both the daily and weekly Relative Strength Indices and stochastics are below 25. But investors should wait a little while before jumping in as other indicators are not very clear. Yesterday's strong volume of 2.96 million
        105 words
    • Article
      Acer expected to offer 42m shares in IPO this month
      439 15  -  By David Mok SINGAPORE Acer Computer International is expected to offer 42 million shares at between US$l.35 (551.92) and US$l.7O in its initial public offer this month. Although ACI chief executive William Lu would not confirm the numbers yesterday, sources
      439 words
    • Article
      Teng Fong's counter offer to protect own interest in YHS
      379 15  -  By Genevieve Cua SINGAPORE Orchard Parade Holdings, property magnate Ng Teng Fong's listed vehicle, yesterday said in a circular that it made its counter offer of $5.25 for beverage group Yeo Hiap Seng to preserve its interest in YHS' strategic
      379 words
    • Article
      Haw Par springs surprise 15% profit rise
      452 15  -  Investment income and pharmaceuticals boost interim net earnings By Genevieve Cua SINGAPORE Haw Par Brothers International achieved a 15 per cent growth in interim net earnings, boosted by a strong showing in investment income and pharmaceuticals. The group yesterday reported net earnings of
      452 words
    • Article
      Former Telecom exec Sung Sio Ma joins Shinawatra
      359 15  -  Fron Loh Hui Yin in BANGKOK SUNG Sio Ma, the veteran senior executive who quit Singapore Telecom, will spearhead the Shinawatra's overseas expansion, executives of the Thai group said yesterday. Credited with building up Singapore Telecom's foreign investments, Mr Sung is now
      359 words
    • Article, Illustration
      Lock icon Investors should give Banharn govt a chance
      600 15  -  HOCK LOCK SIEW By Loh Hui Yin BANGKOK Traffic is as usual not making much headway on Bangkok's choked roads these days. Neither are investors in Thailand's usually lively stock market. But residents of Bangkok are at least treated almost every other day
      Source: Bridge Info  -  600 words
    • Article, Illustration
      Uraco launches IPO to raise $46.5m
      354 15  -  By Michelle Low SINGAPORE Precision engineering group Uraco Holdings yesterday offered 75 million shares to the public at 65 cents each to raise $46.55 million. In terms of monies raised, Uraco's mainboard issue will be the largest initial public offer on the Singapore exchange
      354 words
    • Article
      Horiguchi director sells 1.24% stake
      125 15 SINGAPORE Horiguchi Engineering director Wataru Takeshige has sold his 1.24 per cent stake to one of two Malaysian parties said to be seeking control of the company. Mr Takeshige said yesterday that his 384,000 Horiguchi shares were sold to Tan Ew Chew for $384,000 on
      125 words
    • COMPANIES
      • Article
        Aztech denies cancelled order
        46 16 SINGAPORE Aztech Systems yesterday denied a rumour that a major customer recently cancelled an order for 500,000 audio hoards. "The company has not received any cancellation notification from any customer for an order of that magnitude in the recent past," it said.
        46 words
      • Article
        Chuan Hup: no stake sale to VDH
        33 16 SINGAPORE Chuan Hup Holdings has said it is not selling its 36.5 per cent stake in PCI to Van Der Horst, as market talk has suggested.
        33 words
      • Article
        Amcol unit, IJM in tie-up
        64 16 SINGAPORE Amcol (China) Investments, a subsidiary of Amcol Holdings, has tied up with. IJM International to form Amcol Pacific Management to offer management services to construct, run and operate highways and related facilities. The jointventure company has a paid-up share capital of $10,000, of which
        64 words
      • Article
        ST Automotive director quits
        48 16 SINGAPORE Lim Yong Wah, a director of Singapore Technologies Automotive, has quit its board. A director of STA since December 1991, Mr Lim has also given up his positions as chairman of its audit committee and a member of its share option scheme committee.
        48 words
      • Article
        Omni Mold posts higher sales, profit
        49 16 SINGAPORE Omni Mold has reported higher sales and operating profit for the first half of 1995. Sales jumped from $4.8 million in the same period last year to $6.5 million, while operating profit after tax attributable to shareholders rose from $451,000 to $479,000.
        49 words
      • Article
        UOB sells 6.5m SM Summit shares
        35 16 SINGAPORE United Overseas Bank sold 6.53S million SM .Summit shares at 58.7 cents each on Aug IS, reducing its holding in the company from 8.82 to 4.47 per cent.
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      • Article
        Corrections and clarifications
        49 16 IN YESTERDAY'S report, "Over a dozen IPOs expected to follow Uraco's offer", we incorrectly described Total Access Communications as a mobile phone maker. It is in fact an operator of mobile phone networks, licensed' by the Communications Authority of Thailand. We are sorry for the error.
        49 words
      • Article
        Jurong Shipyard interim net profit falls 16% to $22.3m
        569 16  -  By Rahita Elias SINGAPORE Group net earnings of Jurong Shipyard Limited (JSL) dropped 16 per cent at half-time to $22.3 million, with turnover rising marginally to $153.7 million. Earnings per share (EPS) fell 16 per cent to 20 cents for the
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      • Article, Illustration
        Lock icon Restyled Hotel Negara S'pore out to woo business market
        457 16  -  Byi Agnes Wee SINGAPORE When Hotel Negara Singapore reopens for business in October, it will sport a new look aimed at a new market. Director of marketing Jackie Seah said yesterday the hotel, in Claymore Road, would be repositioned as an
        Photo by Arthur Lee  -  457 words
      • Article
        Lock icon Bangkok Bank on target as it posts 9.6b baht profit
        149 16 Thai corporate results Reuter BANGKOK Bangkok Bank, Thailand's largest bank, reported a six-month net profit of 9.682 billion baht (***** million), up from 8.385 billion baht a year ago and in accord with expectations. "We are in line," said executive
        Reuter  -  149 words
      • Article
        Aussie firm Accor in tie-up to build hotel in KL
        263 16  -  From Florence Chong in SYDNEY AUSTRALIAN listed company Accor Asia Pacific Ltd has formed a joint venture with Indonesia's Burni Raya Utama Group to build a Novotel hotel in Kuala Lumpur. The 300-room hotel, located on Jalan Kia Peng in
        263 words
      • Article
        Lock icon Dhana Siam earnings down 30%
        53 16 Bloomberg Business News DHANA Siam Finance Securities pic said its net profit in the first half of the year was 635.5 million baht, a 30.7 per cent decline from the same period last year. Dhana Siam is the main merchant banking unit of Siam Commercial
        Bloomberg Business News  -  53 words
      • Article
        Lock icon Thai Petrochemical earnings rocket on asset sales
        141 16 Reuter THAI Petrochemical Industry pic announced a nearly 4,000 per cent rise in its first half profit to 2.66 billion baht (SSISO million). But the sharp surge reported by the petrochemical giant did not impress most analysts as more than 70 per cent
        Reuter  -  141 words
      • Article
        Lock icon Bangkok Land 1st-qtr gain sinks
        68 16 Bloomberg Business News BANGKOK Land pic, developer of Thailand's largest residential complex, said its consolidated net profit in its first fiscal quarter fell 59 per cent to 142.2 million baht (558.06 million). Bangkok Land, majority owned and managed by members of the Kanjanapas family, is
        Bloomberg Business News  -  68 words
      • Article
        Lock icon Brokerage firm up 6%
        80 16 Bloomberg Business News SECURITIES One pic, one of Thailand's largest brokerages, said its net profit for the first six months of the year was 503.4 million baht, an increase of 5.9 per cent from the same period last year. Securities One was the most active domestic
        Bloomberg Business News  -  80 words
      • Article
        Lock icon Robinson down 28%
        46 16 Bloomberg Business News ROBINSON Department Store pic said net profit in the AprilJune quarter was 71.2 million baht, a decline of 27.9 per cent from the same quarter last year. Profit per share was 0.49 baht, compared with 0.69 baht. Bloomberg Business News
        Bloomberg Business News  -  46 words
      • Article
        Lock icon United Communication up 44%
        40 16 Bloomberg Business News UNITED Communication Industry pic said its net profit in the second quarter rose 44 per cent from the same period last year, to 643.6 million baht, as the sale of cellular phones increased.
        Bloomberg Business News  -  40 words
      • Article
        Analysts expect good results from IPC, Venture Mfg
        314 16  -  Earnings INSIGHT By David Mok SINGAPORE Of the 12 electronics firms still to announce their results for the six months to June 30, computer maker IPC Corp and contract manufacturer Venture Manufacturing appear the most likely to spring surprises, analysts say. Timothy
        314 words
      • Article
        Jurong Engineering posts flat result in wake of tax hit
        223 16  -  By Abdul Hadhi SINGAPORE Tax charges have stifled the first-half earnings of Jurong Engineering Ltd (JEL). The engineering and construction group yesterday posted an almost unchanged group net profit of $8.15 million for six months to June 30. This was
        223 words
      • Article
        Untitled
        476 16 ■MSBS* prim Au» 17 Mendaki Or Fund 102 l.05» |U |l m US Or Fund I 09 1.13 s tZcZZL 1.33 i.u UOB An* Mgt LM The Savings Fund 1.47 1.56 Uiufund 1.41 1.44 Spore Prog Fund 0.61 0.65 Unibond 1.06 I.0t5 S pore See Fund 0.90 0 95*d United
        476 words
      • Article
        Lock icon Tenaga has awarded M$1.6b worth of projects this year
        183 16 Bernama KUALA LUMPUR Tenaga Nasional Bhd (TNB) has awarded IS contracts valued at Msl.6 billion (SS9IO million) for the implementation of various transmission projects involving the construction of transmission lines and main intake sub-stations since January this year. This includes the
        Bernama  -  183 words
      • Article
        Wharf earnings soar 73% thanks to Marco Polo sale
        482 17  -  Frtm Quak Hiang Whai in HONGKONG THE Wharf (Holdings) Ltd has lifted net earnings by 73 per cent to HK$3 billion (SSSSI.I million) for the six months to June 30, 1995, thanks mainly to an exceptional gain from the sale of
        482 words
      • Article, Illustration
        Lock icon Shanghai firm to issue B shares to foreigners
        580 17 China's tallest tower proves a money-spinner for Oriental Pearl Company Reuter SHANGHAI It may not be China's most profitable company, but Shanghai Oriental Pearl Co can surely boast the highest profile 468 metres, to be exact. That's the distance from the podium
        Reuter  -  580 words
      • Article
        Lock icon IBM may lose market share over Windows 95
        380 17 Bloomberg Business News ARMONK, New York International Business Machines Corp, the only major computer maker that hasn't signed a licensing agreement to sell Microsft Corp's Windows 95, could lose market share this year to competitors that moved faster to sell the new
        Bloomberg Business News  -  380 words
      • Article
        Lock icon Newsprint costs, price war shrink Telegraph interim profit
        322 17 NYT LONDON The Telegraph pic, which publishes Britain's biggest-selling daily quality newspaper, yesterday said firsthalf pre-tax profit including one-time items fell 29 per cent after newsprint costs rose and a price war cut earnings. Pre-tax profit was £21.5 million (5547.5 million), compared
        NYT  -  322 words
      • Article
        NZ property group seeks to sell main asset to S'pore firm
        357 17  -  From Mike Simms in AUCKLAND SHAREHOLDERS of a troubled New Zealand property company have been told it will cease trading unless they approve the sale of its main asset to its Singapore-controlled majority stakeholder. A proposal to sell a
        357 words
      • Article
        Lock icon Giordano to buy founder's 47.5% stake in retail unit Tiger
        216 17 AFP Knight-Ridder HONGKONG Leading fashion retail chain Giordano Holdings Ltd will buy founder Jimmy Lai's 47.5 per cent stake in Tiger Enterprises Ltd to wholly own it, the company said yesterday. Tiger was set up in 1992 to establish a
        AFP; Knight-Ridder  -  216 words
      • Article
        Lock icon Swiss Bank 1st-half profit jumps by 23.3%
        282 17 Bloomberg Business News BASEL Swiss Bank Corp said first-half net profit rose a better-than-expected 23.3 per cent to 540 million francs (SS62I million) as trading income surged nearly 128 per cent. Analysts had estimated that SBCs net profit would rise between 2 per
        Bloomberg Business News  -  282 words
      • Article
        Lock icon Publisher John Fairfax's gain up 33%
        105 17 Bloomberg Business News SYDNEY Australian newspaper publisher John Fairfax Holdings Ltd said after-tax profit in the year ended June 30 rose 33 per cent, mainly on the strength of classified advertising sales. Fairfax warned that a slowdown in the Australian economy will adversely affect
        Bloomberg Business News  -  105 words
      • Article
        Lock icon Nedlloyd 2nd-qtr net profit falls 24%
        98 17 Bloomberg Business News ROTTERDAM Royal Nedlloyd Group NV said its net profit fell 24 per cent in the second Quarter to 19 million guilders (5516.3 million) from 25 million guilders a year earlier. That figure is below all analysts' expectations. Analysts had forecast a
        Bloomberg Business News  -  98 words
      • Article
        Lock icon Leighton's net profit climbs 54.9%
        78 17 Bloomberg Business News SYDNEY Leighton Holdings Ltd's net profit climbed a higher-than-expectfd 54.9 per cent in the year ended June 30, on the back of strong growth in its Australian and Asian construction businesses. Leighton, which is 47 per cent held by German engineering group
        Bloomberg Business News  -  78 words
      • Article
        Lock icon Pest controller to buy security firms
        100 17 Bloomberg Business News LONDON Rentokil pic, a UK pest control and environmental services company, said it will buy two North American security businesses from Australian diversified transport group Mayne Nickless Ltd for US$5l.5 million (5573.13 million) in cash. The businesses operate under the name
        Bloomberg Business News  -  100 words
      • Article
        Lock icon Aussie firm Email in takeover bid
        62 17 Bloomberg Business News SYDNEY Australian building materials and appliance manufacturer Email Ltd said it is offering Aslo9 million to take over stainless steel group Atlas Steels Ltd. The bid is at A 51.52 a share. Atlas, 61 per cent held by Canadian diversified miner
        Bloomberg Business News  -  62 words
      • Article
        Lock icon NZ's Carter Holt expects another record year
        190 17 Reuter WELLINGTON Officials at New Zealand forest products company Carter Holt Harvey Ltd (CHH) were in buoyant mood at the company's annual meeting yesterday, telling shareholders they can expect another record result. "Your company is in excellent shape and making good progress in
        Reuter  -  190 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        CIC's S'pore branch wants to expand local, regional business
        503 18  -  By Conrad Raj SINGAPORE Once almost sleeping partner of Singapore's financial centre, the local offshore branch of French financial giant Union Eurode CIC is now fully awake and raring to go under a new general manager. "The bank will now be
        503 words
      • Article
        Lock icon Banks say plan to write off 88b yen in Cosmo loans unfair
        471 18 NYT TOKYO Six banks have rebuffed liquidators who asked ..-'{fiem to write off 88 billion yen *{&$1.3 billion) in loans to failed Cosmo Bank, contending *>• that the plan was unfair bej cause individual Cosmo depos- itors would
        NYT  -  471 words
      • Article
        Phatra Leasing signs US$5Om loan in debut on Asian $ market
        282 18  - Phatra Leasing signs US$5Om loan in debut on Asian market By Soh Tiang Keng SINGAPORE Thailand's Phatra Leasing (P-Lease) has made its debut in the Asian '•Dollar Market by borrowing ,*tJS$5O million (Ss7o million) through a syndicated loan. The three-year loan, with interest at 1.15 per cent above the Singapore
        282 words
      • Article
        Lock icon Aussie units of SBC, Warburg to merge
        146 18 Bloomberg Business News SYDNEY SBC Australia Ltd and Potter Warburg Ltd, the Australian arms of investment banks Swiss Bank Corp and SG Warburg Group pic respectively, have agreed to merge. The new investment bank will be called SBC Warburg Australia. It will be
        Bloomberg Business News  -  146 words
      • Article
        Lock icon Britannic Assurance ups dividend
        88 18 Bloomberg Business News LONDON Britannic Assurance pic said it will pay a first-half dividend of 4.6 pence per share, up from 4.25 pence a year earlier. It said total life premium income for the six months fell to £169.1 million (5J371.3 million) from £186.08 million in
        Bloomberg Business News  -  88 words
      • Article
        Lock icon Mass resignation at ANZ broking wing
        69 18 Bloomberg Business News MELBOURNE Australia and New Zealand Banking Ltd says it is committed to its broking arm ANZ McCaughan, which has been rocked by defections. The Age newspaper has reported that a group of up to a dozen senior ANZ McCaughan officials had
        Bloomberg Business News  -  69 words
      • Article
        Lock icon Manila to pay debt in T-notes
        87 18 Reuter MANILA The Philippine government is planning to issue 10-year to 12-year floating-rate Treasury notes as payment for its multi-billion-peso debts to state-controlled Philippine National Bank (PNB), a senior finance official said. She said the interest rate of bonds would be based on the
        Reuter  -  87 words
      • Article
        Lock icon Livestock insurance merger
        58 18 Reuter SYDNEY Australia's bloodstock underwriting sector has undergone a shake-up with the Logan Livestock Insurance Agency merging with and taking over management of wholesale broker Centaur Asia Pacific. Logan's managing director Bob Logan said his company is taking over management of the portfolio formerly run by James
        Reuter  -  58 words
      • Article
        Lock icon Japan demand for platinum seen down on poor jewellery sales
        251 18 Reuter TOKYO Platinum demand in Japan, the world's top consumer, is likely to be unchanged or to decline slightly in 1995 after imports hit a record high of 74.39 tonnes in 1994, industry sources said. They were divided on this
        Reuter  -  251 words
      • Article
        Lock icon People's Insurance keeps on its toes despite rivals
        391 18 AFP SHANGHAI Its market share may have shrunk but China's largest insurer, the People's Insurance Co of China (PICC), continues to do well and is preparing to restructure its mammoth operations to take on competition. Cao Hengchen, deputy general manager of the
        AFP  -  391 words
      • Article, Illustration
        Untitled
        1231 18 Tnde-*etghied index onfcidated Mffotnst S pore's lop 14 trading partner* Brarytm- 19t3 USS/SS forward rates Noon Aug 16 St BU (Mm 1-month I .4IU I 3765 2-month 1.4146 1.41*1 3-month l.4M» 1.4134 6-month 1.4013 I 4033 Somar OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Sm m Aag If
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      • Article
        US July oil demand up just 0.4% as utilities pick natural gas
        284 18 WASHINGTON Steamy weather pushed up US petroleum demand just 0.4 per cent in July, as power companies kept the air conditioners humming with natural gas instead of higher-priced oil. "Utility reliance on residual oil has been offset by
        284 words
      • Article
        Lock icon LONDON
        213 18 Reuter LONDON White few analysts of dollar price patterns would ignore the dollar/yen's long-term historical decline, its latest bounce and turnaround could put the patient into remission for up to two years. The dollar surged a massive 4.45 per cent on Tuesday, its biggest one-day rise for almost three
        Reuter  -  213 words
      • Article
        Lock icon NEW YORK
        88 18 AFP NEW YORK The dollar was steady here yesterday despite limited profit-taking a day after US, Japanese and German monetary authorities intervened to push the greenback to a six-month high. Shortly after 1400 GMT, the dollar was trading at 1.4790 marks, compared to 1.4800 on Tuesday and 97.90
        AFP  -  88 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen plunges, Eurodollars flat
        1332 19 Reuter SINGAPORE Simex Euroyen futures plunged on the back of the weaker yen in heavy trade while Eurodollars were mostly flat. Euroyen trading was volatile and followed the fluctuations in the dollar/yen rate throughout the day. The dollar rallied sharply in the morning to above 99
        Reuter  -  1,332 words
      • Article
        Tin hits 3-year high of M$17.16
        698 19 COMMODITY REPORTS KL Thi TIN price on the KLTM rebounded 46 sen to close at a three-year high or MS 17.16 per kg yesterday, aided by the firmer sentiment on the LME. A US$l5O per tonne rise on three-month tin on the LME, which
        698 words
      • Article
        Santos finds new gas field
        104 19 CANBERRA Australian oil and gas producer Santos Ltd yesterday announced a new gas field discovery and two natural gas strikes in the south-west corner of the state of Queensland. "Costa South-1 has located two gas flows from the Permian age Patchawarra Formation," Santos said in
        104 words
      • Article
        Danish barley crop near bumper levels
        120 19 COPENHAGEN Denmark's leading grain company KFK believes 1995 could be a bumper year for the country's barley crop and has hiah expectations for export sales, newspaper Beriingske Tidende reported. KFK estimates that this year's harvest will yield 1.3-1.5 million tonnes of malt barley, compared
        120 words
      • Article
        Indiana's corn yields down 13%
        134 19 LAFEYETTE, Indiana Indiana's 1995 dorn yields are estimated to be down 13 per cent from 1994, according to figures from the Pro Farmer Midwest Crop Tour. Yield potential from information collected today was estimated at 119.6 bushels per acre, down from the 137.5 bushels per
        134 words
    • Article
      COMMODITY PRICES
      1414 19 SICOM Futures (Mm dMtog m at S.3tpa) MS I C—tract (S cents/kg) Close Volume Ooen Month High Low Sett (tonnes) Interest Sep 95 I 179.90 13)0 Oct 177.00 174. JO 177.00 525 1425 No* 177.00 174.50 177.00 250 2025 Dec 177.00 174.50 177.00 250 2400 Jan/Mar 96 176.00
      1,414 words
    • REGIONAL STOCK MARKETS
      • Article
        Manila
        557 20 •16.97 Share prices closed lower in the absence of good news and after local index heavyweight Philippine Long Distance Telephone fell US$l.75 in overnight trading in New York. "PLDTs drop and the lack of fresh news paved the way for profit-taking on some overbought issues," a dealer said. The
        557 words
      • Article
        Taipei
        507 20 +200.98 Share prices surged strongly for the second day, despite the start of China's missile tests off the north coast of the island. The Defence Ministry said the tests, planned for August 15-25, began on Tuesday. But the 321-issue Weighted Price Index put on another 200.98 points to 4,792.39,
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      • Article
        Seoul
        423 20 -4.26 Stock prices remained depressed on market jitters over continued selling by institutions. "Despite an early rebound on the back of good half-year results, profit-taking yielded no room for a take-off in prices," said a dealer. The Composite Price Index slid 4.26 points to 904.44. Turnover was 28.84 million
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      • Article
        Australia
        883 20 -7.4 WITH blue chips losing ground in late action, stocks struggled yesterday, ending down. Blue chips lok ground in the afternoon after the market had held up quite well in the morning. The All Ordinaries Index lost 7.4 points to 2,125.6. The All Industrials eased 12.5 to 3,114.9 and
        883 words
      • Article
        New Zealand
        318 20 -5.28 Investors showed the same lack of interest they had the rest of the week. The market closed lower on light volume. A broker said the Dow had gone up and down the last two days but the local market had shown little inclination to move. "I can't
        318 words
      • Article
        Bombay
        68 20 +16.71 Shares finished firmer on select purchases by foreign funds but traders said most players were in a holiday mood. The BSE 30-share Index ended 16.71 points up at 3,425.82. The 100-share National Index rose 7.89 to 1,570.69. "There was some general buying interest by foreign investors in A
        68 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        587 20 Britannia Funds Stertfaf Cash BM Oder Mm Cap Depow *****0 31 6500 Mub Jersey Gilt .0.119} 0.IW Mm Max Income .0 9200 0 9600 USS Cask Income Plus Fund *9 MOO *10 4100 PS S Reserve FMd 5.5400 5.5)00 Stertiaa Eqaity Euro Performance .0.4592 0 4931 F«r Em Fund *2.7650
        587 words
      • Article
        London
        749 20 +20.7 UK SHARES finished with modest gains but trading volumes remained thin due to a scarcity of corporate news as well as summer holiday blues, dealers said. "It's been just a replay of yesterday a few buyers, a few sellers. Until volumes pick up there isn't any reason to
        749 words
      • Article
        Paris
        133 20 +24.16 French shares finished just off their day's high, after a sparkling performance from dollar earners which are expected to benefit from Tuesday's central bank intervention to help the dollar. Volume was large for this normally quiet part of the holiday season. The CAC-40 Index closed up 24.16 points
        133 words
      • Article
        Frankfurt
        165 20 16.30 German stocks marked time near day's highs in dwindling post-bourse trade. Driers said the market was sitting tight, waiting to see if dollar climbs back to recent highs. Dealers see little selling pressure. The DAX Index closed up 16.30 points at 2,253.03 but off an earlier new year
        165 words
      • Article
        Brussels
        178 20 +4.79 Belgian shares steadied at firmer levels after. Tuesday's market holiday, boosted by the stronger dollar and better sentiment generally in bourses across Europe. The Bel-20 closed 4.79 points higher at 1,471.16, after initially rising to 1,476.64. Volume so far was 899 million francs. One dealer said he expected
        178 words
      • Article
        Stockholm
        139 20 -4.37 Fears that six-month corporate results would not meet market expectations outweighed the efTects of falling bond yields and strong European bourses, and Swedish shares closed lower in moderate trade. The General Index shed 4.37 points to 1,695.97 in turnover of 2.7 billion crowns, a trade volume indicating the
        139 words
      • Article
        Zurich
        235 20 +42.7 The firming dollar and surging banks sent Swiss shares higher on a broad front in good volumes. Swiss Bank Corn's 23 per cent rise in half-year net profit came as a positive surprise and set the pace for the whole market, dealers said. The prospects were seen as
        235 words
      • Article
        Toronto
        218 20 -6.90 stocks eased early depressed by profit-taking in gold stocks which have posted recent strong gains. The TSE 300 Composite Index fell 6.90 points to 4586.40 on volume of 10.68 million shares valued at Ct 153.00 million. Declining stocks beat advances 149 to 104, with 210 issues unchanged. Toronto
        218 words
      • Article
        New York
        706 20 -8.45 Stock prices turned narrowly mixed in active trading as bonds recovered slightly from initial weakness following a stronger-than-ex-pected housing starts report. The Dow Jones Industrial Average, which retreated 19.02 points on Tuesday, was down 8.45 to 4,632.39 at 1 lam EDT. The NYSE Composite Index was off
        706 words
      • Article
        Amsterdam
        230 20 -1.68 Dutch shares unravelled an early gain on the back of the dollar to close weaker, with much lower than expected first half earnings from shipper Nedlloyd providing a catalyst for broader-based profit-taking. The AEX Index closed 1.68 points down at 460.83. A surging dollar early on helped the
        230 words
      • Article
        Milan
        130 20 +o.lBpc Italian shares closed slightly higher with heavy trading in telecoms stocks dominating the session while Fiat closed lower, weighed down by expiry of options. The Mib3o Index closed 0.18 per cent higher at 15,712. Volume was 622.2 billion lire, down from 654 billion on Friday, the last trading
        130 words
      • Article
        Johannesburg
        321 20 -12.0 South African gold shares ended substantially lower as they retraced Tuesday's gains after bullion slumped in Europe. Dealers said industrials had managed to hold steady as a recent stock overhang dried up. "Industrials are looking good. In fact as long as our politics are stable this industrial market
        321 words
    • Article, Illustration
      Lock icon HONGKONG
      2541 21 Bloomberg Business News HONGKONG Stocks closed higher as a rally in utility stocks overpowered concerns that a surging Hongkong dollar may hurt profits of companies that sell products abroad. HK Telecom was bid higher after Salomon Brothers International issued a report forecasting the company's shares will rise at least
      Bloomberg Business News; Source: Bridge Info  -  2,541 words
    • Article, Illustration
      Lock icon CHINA
      561 21 CLSA IN Hongkong, the H share index gained 12.21 points at 1,105.34 on turnover of HK$7.6 million. Qingling Motors staged a strong recovery, up 6.9 per cent and accounting for the majority of trading activity. In Shanghai, the B Index closed down 1.2 per cent on turnover of just
      CLSA  -  561 words
    • Article, Illustration
      Lock icon TOKYO
      2322 21 Bloomberg Business News TOKYO Stocks soared 4 per cent to a six-month high after a surge by the dollar brightened the outlook for Japan's big exports car and electronics. "The outlook on the economy has improved/ 1 said an analyst. "People have been worried about the currency, but now
      Bloomberg Business News; Source: Bridge Info  -  2,322 words
    • Article, Illustration
      Lock icon BANGKOK
      1432 21 Reuter BANGKOK Stocks ended another listless trading day slightly down with some impressive second quarter company results failing to inspire investors, brokers said. The SET index finished 4.89 points lower at 1,309.64 on 2.87 billion baht turnover. Decliners topped gainers 16S to 122 with 109 unchanged. "It's been pretty
      Reuter; Source: Bridge Info  -  1,432 words
    • Article, Illustration
      Lock icon JAKARTA
      1138 21 Reuter JAKARTA Share prices were lower in slow trading after Indosat fell modestly following its overnight decline in New York. Second-liners attracted light selling interest. The Composite index fell 4.49 points to 510.38. Indosat closed at 35-1/2 in New York, down from its previous closing price of 37-1/2. It
      Reuter; Source: Bridge Info  -  1,138 words
    • Article
      CLOB INTERNATIONAL
      2343 22 Gr Gr IW Lm V«l On LMQMt N> Dh VH M MC« H%h Lam Caw Sdt COOO) Hl*h Lm, Bayer Seller CV P/E Satf MALAYSIAN STOCKS 478 196 m AISB 50c 428 18 336 428 3% 422 426 3.0 -2.9 0.2 439.0 127 77.5 m AMD6 50c 98.5
      2,343 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares fall on concerns over anti-inflation moves
        6587 22 Bloomberg Business News Bemama KUALA LUMPUR Stocks feU to a six-week low, battered by a weakening yen and by concerns the government is taking aggressive action to fight inflation. "Overseas investors are suddenly focusing oii the Japanese market, where the yen is tumbling,"
        Bloomberg Business News; Bemama; Source: Bridge Info  -  6,587 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7052 23 1IL IWS 1 1*1 V«J Day Laat Onto Div Di* YM Net Cap At H%h Um Cif.) Sale C—> Hiffk Urn Bayer Seller C*vr P/E Ml Pricc INOUSTWAL AND COMMERCIAL 342 AO*. Jte 452 +4 IS 452 446 430 452 215 II IS 9.5 6211 4JJ <30 430 It Aka
        7,052 words
      • Article, Illustration
        Lock icon Index ends at 4-month low but stays above 2,050
        1823 24  -  By R Sivanithy SINGAPORE The benchmark Straits Times Industrials Index yesterday struggled to hold the 2,050 mark, as weak sentiment in local and Malaysian blue chips continued into its third week. But a late rebound here and in Malaysia restored a
        Charts by Bridge Info; Source: Bloomberg  -  1,823 words
  • Page 15 Advertisements
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      303 15 NEWS VALUE Tokyo iharot jump 4.1% as US$ soars (pg I) Convincing advance. Market hasn't had so much going for it in a long while. Whither tho dollar? (pg I) 100 yen looks well within sight. Malaysia's inflation slows to 3.5% (pg 1) The odds are on Bank Negara staying
      303 words
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      401 16 frff 9\Wth A Major Focus On CompHfthra Analysis A Stratagy H 31 Aug 1 Sept 1995 B Harbour View Dai-Ichi Hotel Singapore H H by Dr. John R. Romagna, K S South East Asia's Leading Management Expert Bp Corporate Growth Survival through indepth analysis of Bf the competitor's intelligence and
      401 words
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      243 17 We have been aggressively promoting trade in Vietnam for the past 3 over years; and have successfully established 2 distribution networks with more than 2,OCX) selling points on each network. Network A currently distributes toiletries, cosmetics and household consumers' products. Network B currently distributes office stationery. OA consumables and garments.
      243 words
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      35 19 immmmmmmm **•■-.<-••> V U&: ty r, v >-■> Tl JL W M -'.t ilfea 'f,-"':' IX-, V frllflCt >\'-r'J A >« V >J- v j I qtoti.es, J 1 11 i ii i i 11 |m ii km
      35 words
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      Page 19 Advertisements Column 2
      20 19 As and when the latest London/ Rotterdam prices are not available, the prnions trading day's dosing fignres are carried instead.
      20 words
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      97 20 P-The Finest Furniture Carved In Rosewood."! .7T Discover the unique charm and beauty of classic rosewood f urnit r from Singapore Handicrafts Singapore's leadins |l furniture sJxjwroom WSere you can also view our wide range of M n ShoWroom !72 Eunos AV 7 si "9.por.H.ndlcr.f« BuMdlngSln,.po,.l44o T.I: 747 7666 F„
      97 words
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      126 21 Qtve cAfew S£ise < EXo QJou/t xrkfai/t Facing hair problems like balding, thinning hair, damaged hair, dandruff and I premature grey hair? Don't despair, come to Hay's Formula, we give professional I hair treatment with a secret formulation made of 100%, HERBAL EXTRACTS. Hay's Formula provides all natural and effective
      126 words
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      68 22 Mondial Takes Shine to Ngee Ann City To add sparkle to your portfolio, come to the dazzling new Mondial Showroom. Mondial. Now at Ngee Ann City For all your internationally certified 1 G.I A, H.R.D and 1.G.1 diamonds, 1 emeralds and other gemstones. jtl NEW SHOWROOM: Mondud Ngee Amt City
      68 words
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      413 23 ADVERTISEMENT 'jft '2 'IS 'ft S« !Jis 8i 171 M .f7 M I iAT2Ic M) MO MO lijON I*4 4.2 ili M) MO *0 *00 OUE 120 D•l2 U) UO IH> (2) .40 14 10 ■Bw9' jIKMHfIHHHBJH M 'Ss 1, 44 M.) M 20 U M 1,50 }J0 I Ckctm
      413 words
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      405 24 FLEXTECH HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of Flextech Holdings Limited (the "Company") will be held at the Board Room, N M Rothschild Sons (Singapore) Limited, The Exchange, 20 Cecil Street
      405 words
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      Page 24 Advertisements Column 2
      184 24 IN THE MATTER OF MANAGEMENT CORPORATION STRATA TITLE NO 1189 UFJ4BMT VOLUNTARY UOWDATKN) NOTICE or PINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that Ike Raal Geaenl Meeting of Ike aboveaamed management oorpoofcoa, will be ksM al lOAasoa Road, #17-07 laKraalioaal Plaza, Singapore 0207. oa the 18* (toy of September 1995
      184 words
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      Page 24 Advertisements Column 3
      317 24 ToEn»REßTEl^^l3o^n!3B^^BPx!sll-lBe FOR SALE 1 lilaten MacAlakd Total land area 18,000 sq m. Selling with j planning approval for the conservation of 3 existing detached houses and development j of 3 blocks of 3-storey apartments (14 units) and a 2-storey club-house with facilities, f JabnTakikPaKanq-Baty Fefrinahi p land of area 2,3oosqm.SeSng
      317 words
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      Page 24 Advertisements Column 4
      274 24 M THE MATTER OF THE COMPANIES ACT, CAP. 50 AND M THE MATTER OF QUANTUM DIGITAL PTE LTD (M UQUOATION) Extract of the Minutes of an E»aordtoaiy General Ms stag of toe Company heM on toe 11ft day Of August 1995:Thal fte Company ba wound up voluntarily pursuant to Sectton
      274 words
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      Page 24 Advertisements Column 5
      527 24 Mnppw Closing Shan PrteM 16/06/ IMS CLOM MH LOW NMN IMS IMS y|f IMS tZZyrmwt*—• «M tS Ml MM HH»II| Lm» IJM tJ4 tJI IJ3 Published by Jar dine Rerrung Internationa) Securities Limited (Incorporated in British Virgin Island) PUBLIC BANK BERHAD U5575,000,000 Negotiable Floating Rate Certificates of Deposit due February
      527 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      557 25 Knight-Ridder Reuter WORLD dry bulk cargo markets were quiet with most freight rates remaining strong, as many freight players and much of the Mediterranean enjoyed public holidays, shipbrokers said. "I think you'll find it slow going, there are too many holidays," one shipbroker said. "The rates are almost
      Knight-Ridder; Reuter  -  557 words
    • Article, Illustration
      Hitachi Zosen delivers VLCC
      65 25 SINGAPORE Hitachi Zosen has completed and delivered a 258,000-dwt VLCC to the owner, Wight Navigation. Ordered by Nippon Yusen KK, the Tokza* (above) was completed at Hitachi Zosen's Ariake Works. It was developed to attain high fuel efficiency with a slim hull configuration for a VLCC
      65 words
    • Article
      MARITIME STOCKS
      305 25 SES HMO Aug 16 S$ Vol CWT Distribution 1.63 ±0.01 13 Chuan Hup Holdings 1.26 +0.02 360 Cosco Investment 2.13 +0.03 853 Far East Levingston 6.00 -0.10 179 GB Holdings Ltd 0.845 -0.01 48 Hai Sun Hup Group 0.91 +0.03 1963 Hitachi Zosen Sing 0.995 unch 150 IMC
      305 words
    • Article, Illustration
      Thailand may lease Myanmar port
      505 25  -  Overland cargo link to avoid long sea route; but shipping industry is sceptical From Alan Boyd in BANGKOK THAILAND is pursuing controversial plans to lease Myanmar's tiny Andaman Sea port of Tavoy and build an overland cargo route to its central provinces despite a sceptical
      505 words
    • Article
      Tsao defends family's private asset sale to IMC
      452 25 HONGKONG IMC Holdings chairman Chavalit Tsao has attempted to repair damage to the firm's image following its controversial decision to inject private family assets into the publicly listed vehicle. "One of the things we take pride in is being always above board
      452 words
    • Article
      Lock icon Germany's TT Lines buys A$50m high-speed ferry
      118 25 Reuter CANBERRA Hamburgbased TT Lines has bought a Asso million (5551.7 million) high-speed ferry for the Baltic Sea from the Perth-based builder Ferries Australia, Australian Trade Minister Bob McMullan said. The 82-metre ferry "will carry passengers, vehicles and freight from the northern German
      Reuter  -  118 words
    • Article
      Lock icon Taiwan's Yangming joins FEFC fold
      267 25 Lloyd's List TAIPEI Taiwan's hugely profitable liner operator Yangming Marine has joined the Far Eastern Freight Conference a full 22 years after the carrier came into existence. In a development which strengthens the conference movement on the highly competitive Far East-Europe routes but does little
      Lloyd's List  -  267 words
    • Article
      Precious Shipping reports 64% jump in half-time profit
      377 25  -  By Rahita Elias SINGAPORE Thai-owned Precious Shipping yesterday announced a 64 per cent jump in interim net profit to 249.25 million baht (Ssl4 million) and a 64 per cent rise in earnings per share to 9.59 baht. The company's finance director, Sanjay
      377 words
    • Article
      Lock icon Turkish Cargo Lines to be privatised this week
      189 25 Knight-Ridder ISTANBUL State-owned D B Turkish Cargo Lines (D B Deniz Nakliyati T A S) will be privatised this week, a senior company official said. He told Knight-Ridder that an offer for bids will be made in a notice, but this has
      Knight-Ridder  -  189 words
    • Article, Illustration
      Lock icon State liner shipping in decline
      1026 26  -  Long-established companies as well as newcomers face oblivion as the realities of shipowning dawn on governments in industrialised and developing countries. John Prescott reports John Prescott Lloyd's List decades there *-I j has been a tendency for countries, espe- cially the emergent nations of the
      Lloyd's List  -  1,026 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      331 26 r*e •ANL 3 Abie 7 Accord 10 •Ahters 6 •Ahrcnkid 4 •Appenship 4 Astro 10 AustraJ II Avant 6 BSA II BaUmindo 7 Bright Express 6 •CCNl 4 •CMA II •CQ5CO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho Yang
      331 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10415 32 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed bv the ETA at the destination. The oaee number refers to the location of the schedule advertisement "a S Sr. ST* g 5"" g. A Abidjan IMB
      10,415 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        597 37 J*"*' N* Barlti Arrival Dtuartwt ■> Jnac Part {fL 1 8/35 J1 alongade 1708/1300 2SI P* 3/« II ***3* 17 08/1000 BT > **®s* 4/95 J1 jbipde 17.08/1300 5*""*™ Oft/M/85 110 aiMgsde 1708/2300 11/# 12 rionisde 17.08/2300 T—V 01/% 16 *ngaifc 17.08/1500 1/95 B 17.08/0200 112 alongade
        597 words
      • Article
        CONTAINER SCHEDULES
        1467 37 RECEIVIN6 Of EXPORT FCt COWTWNEKS AMD La CABSO Record BMU«/Btei 1Mb SNp W»y Hi Ett/B» Nrtod Fr— To hm Aa Rose 0696 18/2359 1A 16/1500 16/1659 16/1900 IB 16/1500 16/1659 16/1900 2A 16/1700 17/0659 17/0900 3 17/0700 17/1159 17/1400 4 17/1200 17/1459 17/1700 Antes Bridge 61W 17/1615 1A
        1,467 words
      • Article
        COCKETT BUNKER MARKET REPORT
        993 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
        993 words
    • Air & Land Transport News
      • Article
        Lock icon JFK Airport's upgrading project may be privatised
        380 38 AP NEW YORK The Port Authority may place the international arrivals building at New York's John F Kennedy Airport in private hands and finance the facility's makeover outside the public trough, according to authority documents. The Port Authority of New York and New
        AP  -  380 words
      • Article, Illustration
        Lock icon Concorde out to break round-the-world speed record ahead of schedule
        195 38 AP UPI BANGKOK An Air France Concorde, trying to break the around-the-world speed record, refueled and left Bangkok 40 minutes ahead of schedule yesterday, an airline employee said. Flight AF1995 left New York's John F Kennedy International Airport on Tuesday
        AP; UPI; AFP  -  195 words
      • Article
        Lock icon Toyota creating luxury car to rival Merc, BMW
        167 38 Bernama-Kyodo NAGOYA Toyota Motor Corp is intent on developing a compact luxury model to compete with Germany's Mercedes Benz and BMW cars, according to company officials. The top Japanese automaker hopes that the new model will help prevent the company's domestic production
        Bernama-Kyodo  -  167 words
      • Article
        Lock icon CPA expects passenger yields to bottom out this year
        282 38 Reuter HONGKONG Cathay Pacific Airways managing director Rod Eddington said he expected the airline's passenger yields to bottom out in 1995. "We expect yields to bottom out this year, we don't expect them to increase substantially," he said. "Our yields have
        Reuter  -  282 words
      • Article
        Lock icon British Airways wins £30m govt deal
        171 38 Reuter LONDON British Airways said it has won a three-year contract from the UK Ministry of Defence (MoD) worth more than £30 million (Ss66 million). From Sep 1, the contract gives British Airways passenger and cargo divisions sole responsibility for moving around 18,000 MoD
        Reuter  -  171 words
      • Article
        Lock icon US car makers in Germany to hold summit
        267 38 Reuter FRANKFURT The two largest US car makers in Germany, bristling at being excluded from a summit meeting of car makers last week, were set for their own meeting on Tuesday to press the Bonn government to support the car industry. Adam
        Reuter  -  267 words
      • Article
        Lock icon FAA bars Japan Airlines from repairing US-registered aircraft
        267 38 Reuter WASHINGTON The Federal Aviation Administration has barred Japan Airlines from doing maintenance work on US-registered aircraft after learning that two JAL facilities in Japan performed unauthorised repairs, the Washington Post reported yesterday. The paper quoted FAA deputy director Bill White as
        Reuter  -  267 words
      • Article
        Lock icon US flatbed-trucker giant out of business
        236 38 Knight-Ridder NEW YORK Oliver Transportation Inc, one of the US' largest flatbed-trucking companies, has gone out of business, two months after discovering bookkeeping errors that forced it to admit earlier financial statements were inaccurate, the Journal of Commerce reported on Tuesday. The company said
        Knight-Ridder  -  236 words
      • Article
        Northwest reports gains in July traffic
        67 38 SINGAPORE Northwest Airlines of the US reported a 3.3 per to n t s passenger load factor for July 1994. Passenger load factors represent the percentage of available seats actually sold."Our passenger loads in July continued to run well ahead of 1994 levels, as
        67 words
      • Article
        Lock icon Manila nod for 3.45b peso safety deal
        106 38 AFP MAN HA President Fidel Ramos said on Tuesday a 3.45 bdhon peso (SSI9I million) supply contract had been approved with Marconi Radar Projects Lid of Britain to boost aviation safety. Mr Ramos told reporters that as "part of the improvement ot safety
        AFP  -  106 words
      • Article
        Lock icon Transavia orders 8 Boeing 737-800s
        94 38 Bloomberg Business News AMSTERDAM Dutch charter carrier Transavia Airlines said it awarded Boeing Co of the US a contract for 8 Boeing 737-800 jetliners, an order worth 460 million guilders (***** million). Transavia, which is 80 per cent owned by KLM Royal Dutch Airlines NV,
        Bloomberg Business News  -  94 words
      • Article
        Lock icon Lufthansa, Thai Airways plan tie-up
        124 38 Reuter FRANKFURT Lufthansa Cargo AG (LCAG) said it is pressing ahead with plans to develop a joint cargo company with Thai Airways International Ltd. However LCAG, an autonomous division of Deutsche Lufthansa, said the proposal to introduce a joint freighter service with Thai Airways between
        Reuter  -  124 words
      • Article
        Lock icon Aeroflot flying non-stop to Beijing
        73 38 Reuter MOSCOW The Russian state airline Aeroflot on Monday started regular non-stop flights between Moscow and Beijing using an Airbus A-310. Airline spokesman Oleg Vetvinsky said Aeroflot would fly the seven-hour route on Mondays, Wednesdays, Thursdays and Fridays. The airline's flights to Beijing were previously
        Reuter  -  73 words
      • Article
        Lock icon Traffic control in Beging for meeting
        54 38 AP BEIJING Police will prevent most cars and trucks registered outside Beijing from entering the city during the World Conference on Women next month, according to a report yesterday. The strict traffic control is intended to prevent congestion during the Sep 4-15 United Nations-sponsored
        AP  -  54 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1432 38 AIRCRAFT ARRIVALS DEPARTURES Oft nm ra w*t n» ton Ml GA896 0060 GA985 1215 GA975 1336 ***** 1308 Q«»l 1930 QF082 2065 SQ228 2088 MMMm KL843 0458 KL838 2300 SQ025 0680 SQO06 2368 GAS75 1336 WBJ7 1450 SQ347 0655 7 3286 2Q40 SQ2BB 2048 B M hpM BM2I 1106 SQI82
        1,432 words
  • Page 25 Advertisements
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      14 25 VISA FREIGHT SERVICES PTE LTD i /r" THE TOTAL TRANSPORTATION PEOPLE c 1800-225 6966
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      16 25 JFK Airport's upgrading project may be privatised: Page 2 State liner shipping in decline: Back Page
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      Page 25 Advertisements Column 3
      254 25 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 Pis see Pa 3 for schedule renowned for its commitment in providing a service of H excellence sensitive to the changing needs of its r J li'll&iM customers. Expansion plans have created the need for IB B|d||j an additional manager to complement
      254 words
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      1140 26 l| HI 111 II nONS I NORTHAMBtiSn v W—*' Ivm mm mm 11*9 tya i«*i nm u/a i«/w 5? "fl v/ >>/M |"7S| W7»i it/a I ii/a iW "Sal r ~Mw lfi a/t? B *^5/3** —It/m n^L v immmmmf nmm nm it/a u/a a/a »/a 19/91 u/a a*9 a/a nm
      1,140 words
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      Page 26 Advertisements Column 2
      209 26 Lines and services represented by. Members of the Registry of AccredHed /afSKu Shipping Agents, Singapore National Um@|UJ Shipping Association. for advertising enquiries, contact Styping Times. Tel 740-2089/740-2090 \®H' SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday Businessliiixg IB S*pow AOfTYA PRAKASH 17AM FttrVAtwAJK/Nw** I
      209 words
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      1141 27 WHOLESALE COfTRE, HOCK 1, #09-11SM6AP0RE 0611 TBLt 77MSM (12 LMU| FAX* *****14/*****25 TLXI wMimwo— rwim vbsb vor saoi sain msimon wdmi rn it* rn mmtSMAtm avmu) ivk im ti/a nuom/mmu KM I/K tim Mi 9MMMIMMK WMM Ms n/* mi mm/am *a iiyis nm nm jmuiivmme nur \7/K VM HM toMM/WM
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      Page 27 Advertisements Column 2
      873 27 (g) HANJIN SMPHWc" IIBBL. SLS.IBF™ I JgIJBISI 188 !SIJLIiSBP g LILILShI mmmma ml vlol jgj jj/w am am —'*i liniliiiSiiim «S |m£|»/»[«% I tuigfia 15^11 15^51 g*www gintffllfffllg&l IM—WWW Mil Pl/W ■MCI I 11/11 )>/M 114/lt I«W lffl Ih/hUmmS «j [it/it |»/{t|tt/>t I ™I" I,Tr 1.rj.1.r!. I P&4^IM:j&4jMLS!i£S3 l== —yl
      873 words
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      Page 28 Advertisements Column 1
      578 28 mm. wr mm row /wr i» siw rmm m m uo no sm iok m jßZsszai33:=z^:3g: g<°wßs ivg» nn vn yt \/t »j ?i/» m ]£r n/T f Bffl 2Z a/j H7T~ W~ VT W ggSfißß aw q m */i u lu ii>s~ o i Mwana—at 32: JiE "M» 1
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      Page 28 Advertisements Column 2
      775 28 I NORASIA VESSEL VOY MM ALO LAS BCL VAL MAM SM HOT AWT ML LHA SfSSS" 8- 55? 22S2M»MMMM*M«sn» *2" S 22 55 mm nm itm km as nm rm SJBS—. M> M Wiim £*****2. 55i 2» «s as as ms as mm ms as wans ■ormmnomkomb mb-i nmnmmmumnmumnmnn- its
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      Page 28 Advertisements Column 3
      385 28 jAFAwtwwoKOiia/rnurrs iieeuuui eemnce LOAM NO FOR PORT KLANO/PENANO wwa m mm pnim Hi T« wn* ~M~ ~SS ~MPT~ l7Ag~ hbjoa j amm mi ntm wtt ami am K MM* »«11l MOW aaa 1 ggi WHm MAJCUTO |7t I MMM I- hi—mr Im Ictanb I aam IYAYASANTUJUM H VMM |SM i
      385 words
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      950 29 i YnEsTRAITS SHIPPING PTE LTD "mm mad nim cmm* #11-91 u** ii*m «nn« Ttfc aw7w nb awn? «TWAniMO« VMM Mm a. Lit IHI Aflf 11 A* m fir <!■!*»« mm if«rwLi bm a*a """"■■■«■—■HMlOWWMl—*_ timmißwi mis a.mh»■ *7 a* ma* mm bk r ass s tsskm sss ss ss —««mm—
      950 words
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      Page 29 Advertisements Column 2
      1236 29 P&o Container* (Singapore Agencies) Pte Ltd 'Kl 3 19 Hoe CkiMg Road, §07-01 Keppel Towers, Siagapore 0200 Hrst Class Connections WORLDWIDE Ttk22s 2233 Tetac M 34sm7nocsp. f«e*****27/*****17 CR Nubcr; *****9 *****Z t |!TJS Ivw SSo# oto® Si 535i 001 5?- 55!- iL !2L 3S Z2? 8432 ,8/oe ,7/oe mnt tm
      1,236 words
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      Page 29 Advertisements Column 3
      285 29 ■MBW MM T7M MM M4IM MM MM~ MM ~MM~ MM MM M 1 I MM HM ft) MM MM SB Ml MMM MM MM MM MM nW MM HtT MMMiaiMtl MM MM MM MMM MM MM MM QM 17M MM "55" I BMMtMMM MM WM MM M-11M MM MM 17M
      285 words
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      1078 30 j w MM ANW HM TOP IMV LHV THP ROM ANW HM PKL UP |l I. RWOWKRW-811 IM U M IM im IM f. greet REOSO 31/7 1/1 2/1 u 4* ZM JM I I (UCER RW-BM 2M IM IM 17/1 1M IM E. BLOWING RE-032 7/B M M IM
      1,078 words
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      Page 30 Advertisements Column 2
      682 30 VESia WT MROW Mu ow BAM (WT M* Huw CHART WMMV UM MM 31M IIM KM KM KM ■uM CROWN 3*' <321* 7Mt fcttj 9MJ9 3' W NLW OMS I ptTßAli* o*2 003* JIM 11« SS !S H uMCONCfRT WHIM (Ml tM IMI 17M IMI IMI IMI I MJO ACKPTW
      682 words
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      Page 30 Advertisements Column 3
      511 30 gmCHnBD MAMNR AQENCKS (8) PTK LTD TEL: *****33 (12 UNES) FAX: *****10/*****03 TELEX: RS ***** MBMP (3 Una) Z CR NO: **********0E ACCEPTING FCI. ANO CO! VENTIONAL Vimil Vay TO iLoeM^Mc Afabwy Won* 40WB 28/11 AWin, MMMN KIEM HUH 6 LIME FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING BOTH FCIVLCL ALSO
      511 words
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      Page 31 Advertisements Column 1
      1073 31 t Nyl $§mni a #—n um—nomim tsM—itm COS TAR SHIPPING PTE LTD F_u: (tmmipatim t»mm„ wwiio (MMMTIH IL MMI OBmßm Mm #t7-M MicMM CHW fmiidmi Imn mm-itmim sssslS" feVcST""" kjsfssc itr m> mt nmrn x aSnSmSittimitminw nmim Fu. aum Til: fas: I 7 UMI79 HRMHH lIIHIIIIIIIIBIIIIIIIIIIIII^^ wbmimi nsrn m fgssr
      1,073 words
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      Page 31 Advertisements Column 2
      562 31 HEUNG-A SHIPPING (KOREAN FLAG) m |S f iTS?TiiSy»^yn^fELf>i!!Ufi^f«!!^f■aTaaM I|iTLf IIS CtSl* immiii j°» jgjj| jjjjjj jjg j lHjSjr STOMMBRV WMWOCPBB **HI 17/W rtl/wla/writ/w |P/Wi>l/MI I w/wm/wl NEPTUNE AOENCCS FT* LTD uww k»»/w Mm\ Wzy m/w h/Jm/w »m\ i%m ioo—k ml immww iww una i umi vm i »/wi«/wi m/w m/m
      562 words
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      Page 31 Advertisements Column 3
      611 31 1 jg FAMOUS CONTAINER UNES i 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT LINE: *****33 (30 UNES) BARCELONA/SPAIN 23/08 LEHAVRE/FRANCE IS/OS MARSEILLE/FRANCE 18/08 HAMBURG/BREMEN 18/08 GENOA/ITALY 19/08 ANTWERP/BELGIUM 18/08 GOTHENBURG/SCAN 20/08 ROTTERDAM 18/08 AARHUSftOPENHAGEN 20/08 FEUXSTOWEfIJK 21/08 LOS AHGELES/WC/IPI 18/08 SYDNEY/MELBOURNE 19/08 NEW YORK/EC 18/08 FREMANTLE/ADELAIDE 19/08 VANCOUVER 18/08
      611 words
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      Page 34 Advertisements Column 1
      867 34 «Bfirir»miamiiaaa3EiMm^ >^P—\ /aUL f JKT I Ivtwa. Iw I w w 1 *H IVfSaCL Tvov SM BKK 0000 EASY* 088 Frt 10/06 Tim 22AM MAS QUA 80M Thy [In Pi Ut I 18AM |fl YANTRA BHUM MN Thu h. P. F= I 215S SfS_ JMB_ Tu. 22/08 <*™U »HUM 8117
      867 words
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      Page 34 Advertisements Column 2
      161 34 {Continental Pacific Shipping r i TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU STORE HO. LOAD4NG FOR FLECHA SLD SU> R.UROT/ANT/W ADRIATIC PRESTI6E SLD 1M FLUffiOT/ANTAJK MAMAK SIO R.UAOT/MTTAJK °LoMs SiMMomili CR NO. 133CM3OH0N CONTIPAC SHIPPING PTE LTD WllWMHfto *****4S VUL MULTVORT SON BHD. TELi 3M2OM TUb MA ***** MULTRA PNO-SEA-CONTRAMSSdnBIid.«I3OO2 MRk
      161 words
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      Page 34 Advertisements Column 3
      644 34 79 ANSON ROAD. •21-01, SINGAPORE 0207 CR **********0N PORT KLANQ iIW^ T1 fWI0» S Ivor i w wo. vena jg m ra SEALA,JWEL Hi!! 17AM THU IMM FRI M DRAGON NKS 46N 17/08 SAT 21/08 MOW -jjg-J: HggJ I -JUL tfmm ia«SAT XOURTTNGGJ ***** IMMFRJ 2008 SUN B XOWR SPQRt
      644 words
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      Page 35 Advertisements Column 1
      536 35 :&m MYANMA üBBk FIVE STAR UNE (Rvmnt MiHwd UM) w Ua*a| for Ym«m vosa vot an rw ra m mmr niw su Q» 23/ M HUYSU Mam: MBSTIAO SMffMfi Ok TH S2-M-2417M8 ML IB t2-Ss-37M151 n 12-84-HIJ4BI Nfc IB (HMJimi/4 NIGERIAN NATIONAL W SHIPPING LINE wssa vot m iacos pinab
      536 words
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      Page 35 Advertisements Column 2
      828 35 ADVANCE CONTAINER LINES (PTE) LTD —A f l l 140 Orcl Mwi #1240. PH. BuMna Stnaaoof* OHM TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E rm I vwm Iw m r« i m I vor I i i rp i 12£r 5S ""y* M—re q/M tm a/m
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      Page 35 Advertisements Column 3
      732 35 hffiwrn wy mHwwe ih—uho twoMWFOHT rotibwam /wnwrFf \ALLE PAOULA AKNV 22*08 IMB MM 1M 17/08 18*08 fj WUEPWVORA WWWf 3M» IMB 2UDB 3*oB MW «W T VILE DC urn* now asm 2us am SMI oim ovw t; yntm _jaw_ oano ob/io oy/io omo <ano jj ALSO ACCEPTMQ GARQO TO ALL
      732 words
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      Page 36 Advertisements Column 1
      635 36 AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi, IsJamqaJa (Doqharun) ■W«X«WB C.1.5./RUSSIA: Alma Ata Ashkhabad. Baku. Dushanbe, Uttw i ymrh Irkutsk. Khabarovsk, Krasnoyarsk, Korsakov, Moscow, IMMI ha II Novosobirsk, Sochi. Tashkent, Tbisi, Vladivostok. Vostochny Mongolia: Utaar Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA MM ACQVfMI GAMO
      635 words
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      Page 36 Advertisements Column 2
      444 36 I ASIA HKG/TWN/BKK "GENOA/EUROPE PEN PKL SIN DAILY RECEIVING G'hum/T'lMoanyS'holmjntin ra Si 16fl 17/8 18/8 HKG/BKK/KEE/KHH G hagea'S holmAhlo W 24J W I m 21/8 22/8 HKG/BWKEE/KHH io2 27/6 2*B 2*B Z W M ,rr 1* SHANGHMOALJAN JW/KOBEA/NAHLA XIAMEN/BEUING Manila/Cobu 23/8 24/8 25/8 i Tokyo/Osa/Yoko 18/8 19/8 2(VB I AUSTRALIA/NEW
      444 words
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      Page 36 Advertisements Column 3
      263 36 fti ***** fI 111 BMasuuSl^l SOUTHERN AFRICA DIRECT MONTHLY SAILINGS I vissa a sm pi n dm a I AHAVI22 SID SID SU) 19/0125/01 02/991 TWVIJJ 13/99 22/99 24/99 99/19 12/19 19/lfl 'Also caßs E.L. 1 RE. I MALAYSIA AGENTS: 1 PORTKHANG TG.MAN 1 1H:*****99 18:*****9 I SUI AGENTS: KOXAKMAIAUJ
      263 words
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  • Page 37 Miscellaneous
    • Miscellaneous
      Page 37 Miscellaneous Column 1
      120 37 REGION^ I LEGEND: Thund Temperature c A y Shower Weather _X Wind drection with speed in knots ••Ron \J Cloudy Sky Wov S«f»c« wm4, or* indicated by arrows .fed. By writ, Hw wind One ful crde represents calm or fight and voriotoie wind* One hart Heche represents 5 knot* One
      120 words
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