The Business Times, 22 August 1995

Microfilm: NL20017
Total Pages: 38
1 38 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 SINGAPORE BusinessTimes WE KNOW ASIA MITA(P) 194/12/94 Tuesday August 22 1995 85®
    12 words
  • Article
    Lock icon Dow up 23.95 points
    56 1 Reuter NEW YORK Blue chips soared yesterday in a rally powered by a drop in long-term bond interest rates. At 2pm EDT, the Dow Jones Industrial Average was up 23.95 points at 4,641.55. In the broader market at Ipm EDT, advancing issues led declines 2-1 on
    Reuter  -  56 words
  • Article
    MARKET SUMMARY
    168 1 Stock market indices Monday Change STII 2.106.38 +2.0 KLSEComp 1.022.85 -5.48 Nikkei 17.871.05 -161.44 Hang Seng 8.900.48 +4.66 SET Index 1.315.8 -5.11 Jakarta Comp 497.51 -3.14 Manila Comp 2.827.48 -12.93 Taipei WPI 4,773.38 +30.57 Seoul Comp 913.29 +1.41 Bombay BSE30 ..3.457.20 +11.02 CLSA China D 858.50 -3.51 Aust
    168 words
  • Article
    Government reschedules sale of 12 residential sites
    742 1  -  By I Lilian Ang, Michelle Low SINGAPORE A day after Prime Minister Goh Chok Tong announced a scheme to build affordable "executive condominiums", the Ministry of National Development has clarified that the sale of 12 residential sites, scheduled to be launched next month,
    742 words
  • Article, Illustration
    Mercedes parallel importers race on
    443 1  -  Cycle Carriage lost 8% market share in first half By Christopher Tan SINGAPORE One out of every 12 owners of new Mer-cedes-Benz cars bought their vehicles from parallel importers, according to figures from the Motor Traders Association of Singapore (MTA). Of the 2,787 Mercedes cars
    443 words
  • Article
    Executive condominiums set to transform housing scene
    806 1  -  rm the i PROPERTY i 5 COLUMN Private property could be hit, says Lee Han Shih Lee Han Shih THE property market may never be the same again. Until Prime Minister Goh Chok Tong made his surprise announcement on Sunday, Singaporeans could be
    806 words
  • Article
    BOJ leaks news of plan to protect international creditors
    346 1  -  From Anthony Rowley in TOKYO TN A MOVE apparently aimed at bolstering overseas confidence in Japan's baddebt plagued banking system, the Bank of Japan (BOJ) yesterday leaked news of its strategy for protecting international creditors of any Japanese bank that might
    346 words
  • Article
    Asian markets turn cautious ahead of Fed meeting
    201 1 SINGAPORE The region's stock markets all switched into cautious mode yesterday, ahead of today's US Federal Open Market Committee meeting. Reuter reported yesterday that a minority of US economists who focus on inflation rather than growth expect the Federal Reserve to lower
    201 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      146 1 BREATHT AKINGLV FRESH DECEPTIVELY kijrS&&+-' SMALL. amazingly i STRONG. v c Footsie soars 25.9 points to a record, Pg 20 BT Online Look us up at http:// www jstal .com.sc/biztimes f COHTEWTS News Cwapaafcs S"porc News 2 SporHlTsß 15.16 Reponal News 4,6 Financial 18,19 Wtortd News 14 M||)[ Qob/KLSE, S£S
      146 words
    • Advertisement
      Page 1 Advertisements Column 2
      8 1 Property: Pg 13 HK closer to mortgage war
      8 words
    • Advertisement
      Page 1 Advertisements Column 3
      8 1 Mk Siew: Pg is of Indon corporate raiders
      8 words
    • Advertisement
      Page 1 Advertisements Column 4
      128 1 Bottom Line: Pg n It's the balance of power, stupid Pasha watches. New collection. Cartier, The Jeweller, Works steel like a precious metal. Cartier chronoreflex mavrnwix Sobd steel chronograph with split second and perpetual calendar programmed until the yew 2100 Unidirectional routing bod Scralch-iwmanl sapphirr crystal Water-resistant to3om Ad)U»Ubte deployanl
      128 words
    • Advertisement
      Page 1 Advertisements Column 5
      16 1 BREATHT AKINGLY FRESH DECEPTIVELY AMAZINGLY (_t STRONG. f IMF: Japan's non-intervention prolonged bank crisis, Pg 6
      16 words
Page thumbnail Page 2
  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Bank lending up 21% in June
        320 2  -  By Shiv Taneja SINGAPORE Bank loans to non-bank customers grew 21.6 per cent to $101 billion at the end of June, slower than the 22.9 per cent year-on-year growth in May, according to latest Monetary Authority of Singapore figures. Analysts, who have been expecting
        Source: MAS  -  320 words
    • Article
      ST E&E commissions radio network for Cisco
      107 2 LISTED ST Electronic Engineering has commissioned a radio communication network for security services company Cisco. The network, known as Cisnet, provides Cisco with islandwide radio communication capabilities, which are expected to enhance its operations significantly. The system's cost is close to 1 million.
      107 words
    • Article
      Non-oil domestic exports stage rebound with 12.6% July rise
      417 2  -  Growth momentum expected to be kept up in second half By Genevieve Cua NON-OIL domestic exports rebounded with 12.6 per cent growth in real terms in July and analysts believe the momentum will be sustained in the second half. Economic growth,
      417 words
    • Article
      S'pore, Malaysia most at risk of overheating, says Crosby report
      427 2  -  By Chuang Peck Ming SINGAPORE and Malaysia are the regional economies most at risk of overheating, even though their growth has slowed, says Crosby Research. But the Chinese economy until recently the most likely to be in danger of overheating
      427 words
    • Article
      Thakral group, Indian firm may build US$100m factories in China
      432 2  -  By Teh Hooi Ling LOCAL group Amarnath Thakral, a Singapore government unit, and Bombay-listed Grasim Industries are considering building two rayon fibre factories in China for USSIOO million (*****.1 million). Andrew Chang, general manager of Amarnath Thakral company Sino-Amarnath Trading
      432 words
    • Article
      Lock icon HP Singapore forges regional tie-ups
      64 2 Reuter HEWLb ri -Packard Singapore (Sales) Pte Ltd, part of the US parent Hewlett Packard Co (HP), yesterday said it has established three new alliances in an effort to expand multi-ven-dor services in South-east Asia. Chipcom Corp, Fore System Inc and In-Soft are the latest
      Reuter  -  64 words
    • Article, Illustration
      Lock icon President Ong holds talks with Jiang
      490 2  -  Bilateral ties, China-Taiwan situation covered in wide-ranging discussion Fran' Teh Hooi Ling in BEUING SINGAPORE President Ong Teng Cheong, who arrived here yesterday for an eightday state visit, held wideranging talks with Chinese President Jiang Zemin in a closed-door session which lasted almost twice
      Reuter  -  490 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      199 2 W STRESSDOm-\ |M aiud EASEU K i M Life's getting too taxing and you're feeling the strain these Bg p days. Getting too tired too soon. Too irritated too easily. 1111 L H mm jip| f.. Gel going again now! Hurry down to Leonard Drake and pi r I 1
      199 words
    • Advertisement
      Page 2 Advertisements Column 2
      2 2 For nerve-racking
      2 words
    • Advertisement
      Page 2 Advertisements Column 3
      51 2 NO TP BATCH. YES TO REAL-TIME. CHEERS TO ACCOUNTS STAFF Is your company still struggling with old outdated batch processing accounting software, your accounts staff staying back just to keep up with book-keeping? Give them a break. Move to RmJ FACT Real-Time Business Accounting Software. instant* Toll Free 1800-*****32 accounting
      51 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      218 3 IF YOU'RE THINKING OF MOVING TO I I I I NOW'S I THE TIME. I I H The stunning Republic Plaza occupies the last available plot of land in Raffles Place the heart of Singapore's business and financial centre. With futuristic I and intelligent features designed to give forward-thinking corporations
      218 words
Page thumbnail Page 4
  • SOUTH-EAST ASIA
    • Article
      Lock icon Ramos proposes medium-power tie-up
      50 4 AFP MELBOURNE Philippines President Fidel Ramos proposed yesterday that an alliance of middle-weight Asia Pacific powers* act to counter-balance the region's major powers. He told reporters that both Australia and New Zealand should act with the seven-member Asean as a moderating force in the region. AFP
      AFP  -  50 words
    • Article
      Lock icon Thailand says inflation target on track
      102 4 Reuter BANGKOK Thailand said yesterday its target of restraining inflation to 5 per cent this year is on track despite growing Scepticism in the private sector. Deputy Prime Minister Amnuay Virawan said he believed the central bank's credit measures and fiscal policy of the
      Reuter  -  102 words
    • Article
      Lock icon 2nd Indon protest at Aussie embassy
      96 4 AP JAKARTA A group of about 20 youths demonstrated yesterday in front of the Australian Embassy in the second protest Sinst the burning of Indonesian flags last week in Australia. But ike the previous protest last Friday, the demonstration was orderly and the youths
      AP  -  96 words
    • Article
      Lock icon M'sia plans satellite broadcast
      71 4 Reuter Kuala LUMPUR Malaysia plans to broadcast its foreign•ervice radio programmes via satellite to reach more people, the national Bernama news agency said yesterday. Beraama quoted information Minister Mohamed Rahmat as saying the government was discussing the possibility of satellite broadcasts using the Malaysia East Asian
      Reuter  -  71 words
    • Article
      Lock icon KL govt to discuss GSP withdrawal
      79 4 Bernama KUALA LUMPUR The Ministry of International Trade and Industry (Miti) win meet on Thursday 40 representatives of Knpanies directly affected by the US plan to remove Malaysia m its Generalised System of Preferences list. Parliamentary Secretary Hishamuddin Tun Hussein told the Dewan Rakyat
      Bernama  -  79 words
    • Article
      Lock icon Jakarta to set up huge state commodities firm for listing
      464 4 Reuter JAKARTA Indonesia plans to list state plantations producing an array of commodities on the London and Kuala Lumpur stock exchanges after grouping them into a giant holding firm, a senior official said yesterday. The company, whose name has not
      Reuter  -  464 words
    • Article
      Telecom's VSAT plans in Cambodia hit snag
      256 4  -  By Harish Mehta SINGAPORE Singapore Telecom's plans to set up a VSAT (very small aperture terminal) service in Cambodia, so that companies in Phnom Penh can transmit data direct to Singapore, appear to be on the rocks. "We are reluctant to proceed with
      256 words
    • Article
      Lock icon Indonesia's vehicle sales hit new high in July
      411 4 Reuter JAKARTA Indonesian vehicle sales hit a new monthly high in July, with ofTicials saying yesterday that the country offered lucrative opportunities to manufacturers from South Korea, Germany and the United States. PT Astra International, Indonesia's largest vehicle maker, said sales were
      Reuter  -  411 words
    • Article
      Lock icon Malaysian PM arrives in S Africa on trade visit
      186 4 AFP PRETORIA Malaysian Prime Minister Mahathir Mohamad arrived yesterday in South Africa for a five-day visit to boost bilateral trade and investment ties, accompanied by a 200-member delegation. He was greeted on his arrival at Johannesburg Airport by Deputy President Thabo
      AFP  -  186 words
    • Article, Illustration
      Lock icon Dutch, Indon firms sign US$800m worth of deals
      328 4 Reuter AFP JAKARTA Indonesia and Dutch firms signed 32 contracts or memoranda of understanding for projects worth US$BOO million, Indonesia's Coordinating Minister for Industry and Trade Hartarto said yesterday. "There is a big opportunity for the Dutch to invest in mining and
      Reuter; AFP  -  328 words
    • Article
      Lock icon Cambodian economy seen growing 7% this year
      240 4 Reuter PHNOM PENH The Cambodian economy is forecast to grow 7 per cent this year and the government expects to bring inflation down to single figures, Finance Secretary of State Chanthol Sun was quoted yesterday as saying "The economy is heading in the
      Reuter  -  240 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      46 4 u c 5 oX a Itc/ ||S Oi/ci'icid/tXumxii/ 3 11 gfj Eg CL&s OUAs ruxxuvii). ftfjfl ■M amiml 12ruuuv 2.30pm/ Ma hU 3)wmvw: 7pjtv 10.30pm ffjfl H M, c<*ll ~)33 8333 *)>*• HT3 SB Park View 11 Cavenagh/Orchard Road. Singapore 0922. Tel. 733 8333 Telefax: 734 4593
      46 words
    • Advertisement
      Page 4 Advertisements Column 2
      209 4 THE UNIVERSITY OF HULL England 1927 "OVER 100 GMi, MDf, CEOs AIREADY IN THE PROGRAMME!" "ONE OF TNE MOST ESTABLISHED IN SINGAPORE" I MBA I First to offer TQM and a Systems Approach to Creative Problem Solving the management philosophy of the 1990s First to offer Entrepreneurship and Project Management
      209 words
    • Advertisement
      Page 4 Advertisements Column 3
      6 4 Editorial: Indonesia on target, Pg 12
      6 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      81 5 \'-i. rV 4 f -M Mi&SM iiTiMMaiiiiiviiiniii¥iiiii in ,-^iai riiilf iffißT' B WIHIHIBW m WIfIWHI tti -SSI v ShhS&SI MS^B^^SSPW $iiflf. $'-U' <aM lip >.• \»'^?^jGaa^wiA^,v.- >.••■-• r -I»?/-^A^if<:»* ,j -?■:.^.:,>■;•^-^%:»^ f i s?^Sfr i '^^^-4S t iw '"•Wtota.Z• r t v*oBi*. BFdTke Relentless Pursuit of Perfeclion MOTORS (5) PTE
      81 words
Page thumbnail Page 6
  • ASIA
    • Article
      Lock icon S Koreans told reunification inevitable
      95 6 AFP SEOUL President Kim Young Sam yesterday urged South Koreans to prepare themselves for reunification with the communist North, which he called no longer a vague possibility, but an "historical inevitability". "The gate leading to the path of unification will open by itself if (the
      AFP  -  95 words
    • Article
      Lock icon Guangzhou residents delay subway
      63 6 AFP BEUING Many residents in Guangzhou are refusing to move to make way for the southern Chinese city's new subway, causing serious delays in the 12 billion yuan (552.04 billion) project. "Unexpected difficulty in the relocations has delayed this year's construction work," the China Daily yesterday
      AFP  -  63 words
    • Article
      Lock icon China drafting new bankruptcy law
      80 6 Bloomberg Business News BEIJING China will complete the drafting of a new bankruptcy law by early 1996, paving the way for more loss-making companies to be made bankrupt, the official Shanghai Securities newspaper reported yesterday. The new law will have special provisions covering insolvent state-owned
      Bloomberg Business News  -  80 words
    • Article
      Lock icon No respite for Aussie housing industry
      73 6 Reuter SYDNEY Australia's housing industry is likely to continue well into 19% to suffer the hangover from an extended boom, economists said yesterday. The industry has been in decline for over a year, following a three-year upturn. Economists said that while it may start
      Reuter  -  73 words
    • Article
      Lock icon HK inflation hits higher-income group
      113 6 Reuter HONGKONG Hongkong's benchmark inflation rate eased slightly in July, but higher-income households were hit harder by rising prices. In a statement yesterday, the Census and Statistics Department said its consumer price index (A) rose 8.5 per cent on a year-on-year basis last month, compared
      Reuter  -  113 words
    • Article
      Lock icon President Lee gets thumbs down from Taiwan brokers
      539 6 Reuter Bloomberg Business News TAIPEI Brokers on Taiwan's stock market gave a polite but emphatic thumbs down to President Lee Teng-hui yesterday, one day before a key congress on whether Mr Lee should seek election in next year's March polls. "Although we
      Reuter; Bloomberg Business News  -  539 words
    • Article
      Lock icon Central banker's exit a blow to Bank of Korea
      334 6 Bloomberg Business News SEOUL The resignation of Korea's top central banker in the wake of a financial scandal is a blow to the bank's efforts to gain independence. Kim Myong Ho, governor of the Bank of Korea, has been a staunch
      Bloomberg Business News  -  334 words
    • Article
      Lock icon Taiwan's export orders rise 23% to US$9.6b
      287 6 Bloomberg Business News AFP TAIPEI Taiwan garnered US$9.6 billion (5513.6 billion) in export orders for July, up 23.1 per cent from a year earlier, on increasing overseas demand. The economic ministry said yesterday that the rally represented the 11th consecutive double-digit year-on-year growth
      Bloomberg Business News; AFP  -  287 words
    • Article
      Lock icon China to invest 100b yuan in eight car firms
      255 6 AFP BEIJING China is to invest 100 billion yuan (S$ 17.03 billion) in eight key car manufacturers over the next five years as part of a plan to restructure the sprawling sector, Xinhua said yesterday. The eight companies include Sino-foreign joint
      AFP  -  255 words
    • Article
      Lock icon Tata chief sees Indian economy slowing in 2nd half
      316 6 Reuter BOMBAY Ratan Tata, chairman of the Tata group of companies, was quoted yesterday as saying he expected a slowdown in India's economic growth in the second half of the current financial year ending in March. In an interview with the
      Reuter  -  316 words
    • Article
      Lock icon China regrets Japanese aid cut, tells Tokyo to check past
      168 6 AFP BEIJING China expressed "deep regret" yesterday over Japan's plans to restrict grant aid to Beijing after last week's nuclear test, and pointedly urged Tokyo to reflect on its wartime atrocities rather than criticising others. "The Japanese government unwarrantedly criticised
      AFP  -  168 words
    • Article
      Lock icon Hashimoto, Kono to fight for LDP leadership
      123 6 Reuter Trade Minister Ryutaro Hashimoto, one of Japan's most popular politicians, yesterday launched a longawaited bid for his party's presidency, a post which would make him a strong contender to be the next prime minister. And the present Liberal Democratic Party (LDP) president,
      Reuter  -  123 words
    • Article, Illustration
      Lock icon Lai Sun in tie-up with firm run by Deng's son
      261 6 AFP HONGKONG Hongkong's Lai Sun Development Co Ltd said yesterday it has teamed up with a Chinese company run by one of Deng Xiaoping's sons to build a shopping and office complex in Shanghai. Lai Sun said it would own
      AFP; Reuter  -  261 words
    • Article
      Lock icon IMF: Japan's non-intervention prolonged hank crisis
      311 6 FT LONDON Wishful thinking by Japanese regulators has prolonged the crisis in the country's financial system and increased knock-on effects for the rest of the economy, the International Monetaiy Fund says in a report published on Sunday. Comparing the approach of different countries to
      FT  -  311 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      560 6 f fit) MOTOROLA I I Vzy UMvmsrry I I MOTOROLA UNIVERSITY I I LEADERSHIP COURSES I I For some years, Motorola has boon offering successful qualify and I i customer service prog vwns to supplier* and clients* Now It is time 1 I to include our leadership courses that have
      560 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      296 7 -?Sj®* V v o ~s-T~ >- r v --j »>" 7 'W v w- yJ^O -.v 1 Mgj T*~*/V\ >a :mz"j f r "v\ .V 1 .V 'jT xfr- V v~' r T v •>* Ufc^^WMfcKy v "W-. "V\ it -V -.r i v's^ >v K ■>V **liilP V-^ ;>;
      296 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      949 8 The World's Favourite Beer. 0 LUNCH OR DINNER, 1 FEAST ALL YOU I CAN!) That's over 50 delightful 5 dishes in all! Featuring the best talked about seafood and Cantonese cuisine. All you can eat. Complimentary platter of tj v Suckling Pig and Guiling ar 4 Herbal Jelly. I Lunch:
      949 words
    • Advertisement
      Page 8 Advertisements Column 2
      363 8 WHERE TO WINE, DINE AND ENTERTAIN bring 1 ir I Singa Inn, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea breeze at the same time! SIRSP IFjFL seafood restaurant Offers more than iust live seafood? 920 East
      363 words
    • Advertisement
      Page 8 Advertisements Column 3
      316 8 r Heavenly Mooncakes 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 Grand Lucky Draw,
      316 words
Page thumbnail Page 9
  • LIFESTYLE
    • Article, Illustration
      Lock icon Success by design
      1070 9  -  Lucy Kellaway buys style guru Sir Terence Conran lunch in one of his own restaurants Lucy Kellaway FT I COULD not say 1 was sitting comfortably on the terrace at Pont de la Tour as I waited for its owner, Sir Terence Conran. The day was sweltering.
      FT  -  1,070 words
    • Article, Illustration
      Lock icon Boy toys for rich men
      498 9 Retailers at a South African exhibition are cashing in on a growing taste in all things expensive Reuter WELL-HEELED white South African males of a certain age are being exhorted to spend, spend, spend at a "Toys for Boys" exhibition near Johannesburg. The target market,
      Reuter  -  498 words
    • Article, Illustration
      Lock icon Covering up The Naked Truth?
      427 9 CHATTERBOX UPI THE DEATH of jeans model Anna Nicole Smith's 90-year-old husband has meant some quick editing of the first episode of a new ABC sitcom. The Naked Truth. The storyline features a tabloid photographer assigned to snap pictures of Smith at the gynaecologist's office
      UPI  -  427 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      1132 9 1 TV RADIO In the Wild: Debra Winger With m Wk Pandas, 9pm, Ch 12 r I Actress Debra Winger brings jgt m. her son Noah to China's Qinl- ffj ing mountains in search of giant pandas. She meets Professor Pan, who takes her XK on a trek through rough
      1,132 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      197 10 -Locate your business within easy REACH OF THE CBD, PORT, DISTRIPARKS AND POPULATION CENTRES. along Alexandra the Ayer Expressway, Alexandra Technopark JpCZ ■p| I town centres. MSW In addition, Alexandra Technopark is located in the government-designated "Technology Corridor" close j to the research and development centres at the Science Park
      197 words
Page thumbnail Page 11
  • FOCUS
    • Article, Illustration
      Oversupply of condo units renews threat of loan defaults
      828 11  -  Problems facing Thailand's banks Reports by Alan Boyd in BANGKOK THAI banks are facing a renewed threat of loan defaults following the release of housing studies pointing to a massive oversupply of townhouse and condominium units. Research by the National Economic
      828 words
    • Article
      Why foreign banks dominate $39b offshore market
      744 11 THAI banks have surrendered most offshore business to their foreign rivals only two years after the lending market was introduced, with analysts blaming conservative policies and low margins. The 21 foreign firms operating under the Bangkok International Banking Facilities (BIBF) have captured about
      744 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      200 11 H- rJlj H H v> >- v I Wed Sat Sun I u I I I ATi I I iBJk I K |>a ANA ROLLS OUT A FRESH SERVTCF TO TOKYO Starting 4th September All Nippon Airways, Japan's largest airline, will have sit in business class. Either way, you're pampered
      200 words
Page thumbnail Page 12
  • Article
    Indonesia on target
    499 12 AS Dutch Queen Beatrix makes the rounds on her state visit to Indonesia which began yesterday, she will meet a people vastly different from the angry colony her nation's soldiers reluctantly gave up in 1945. Much of the credit for this happy state of affairs is due
    499 words
  • Article
    If life is not so civil
    247 12 THE HEAD of the Civil Service, Lee Ek Tieng, called on top civil servants last week to motivate subordinates by encouraging new ways of thinking and working. This is especially welcome because bureaucratic culture tends to be conservative, more concerned with preserving the status
    247 words
  • Article
    Murayama's apology suspect
    174 12 DELIVERING a speech which marked the 50th anniversary of the end of Worid War II, Prime Minister Tomiichi Murayama made Japan's first unambiguous apology for wartime actions. "In the not-too-distant past, Japan, following a mistaken national policy, advanced along the road to war, only to ensnare the
    174 words
  • Article
    Thinking workers give value
    150 12 NEXT YEAR, Singapore will enter the more competitive league as a developed nation but challenges have already emerged. An American statistical bureau shows Singapore labour costs rose almost 20 per cent last year. This will affect Singapore's competitive edge as labour cost is the bottomline for
    150 words
  • Article
    Let's act to ensure road safety
    207 12 RECENTLY, the traffic police announced they might confiscate handphones if drivers were found using them and driving at the same time. The authorities are also looking into raising the minimum age of driving licence holders. Using the handphone while driving endangers the lives of
    207 words
  • Article
    Caught in intelligence net
    154 12 THE FLIGHT of Hussein Kamd and his brother to Jordan is the most important victory achieved by the US in its war with the regime in Baghdad... But where we might disagree with Western experts and analysts is in the exaggerations of this man's abilities and
    154 words
  • Article
    War writ large on child's face
    166 12 ARE WE exaggerating with images and stories of Bosnian children mutilated, deported, abandoned, starving in a war about which they know nothing and which will severely mark their successive life? It is a legitimate question given the propensity of the newspapers and televisions to
    166 words
  • Article
    Call-back services hurt Asia's phone monopolies
    1127 12 Telecom operators find they must lower rates and improve services to compete CALL-BACK services originating from small telephone outfits in the United States are denting the revenues of international telephone operators in Asia. Monopoly carriers have been shocked awake by this unexpected source of
    1,127 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      262 12 This article is reprinted from the Aug 14 issue of Business Asia, a fortnightly management report by The Economist Intelligence Unit (Asia) Ud In-Depth Business Mews from ImHW Singapore Perspective**^ For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth-from I
      262 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      40 12 )•'«kx>sr P\nsoje.£ I i VOORK IN THE. Office, P\CCOSS "rt-tei I -DO NOU Qy€.STiOf4 DO NoO I VTfttfeT PvND COULDM'T t fc~l_P Kr-sTiOik*' DOONESBURY GARRY TRUDEAU ¥4 UHAT VOUKNOH— pthmziuhat \IKNO*/HOiV RgPU- F0R8&N6... ■<*}£»« MV*6**AM S5& "J"™' 3SSI&T Fgr I ®J
      40 words
Page thumbnail Page 13
  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Firm seeking Aussie listing eyes China infrastructure deals
      562 13  -  China Construction plans to raise Ass 7 million. Florence Chong reports from Sydney Florence Chong Hongkongbased China Construction Holdings Ltd (CCH), which is planning the biggest float yet of a China concept company on the Australian Stock Exchange, is targeting development contracts
      562 words
    • Article
      Singapore-based firm's Sydney units snapped up
      395 13  -  Opera House, harbour views lure apartment buyers with millions to spend, reports Surinder Singh Surinder Singh SINGAPORE-BASED property firm GreenclifF Developments has only four apartments left to sell in its luxurious 20-apartment Greencliff Apartments complex in Sydney. The complex, in the Kirribilli area, offers
      395 words
    • Article, Illustration
      PROPERTYWATCH
      185 13 Selected transactions in the past week Dtafvtet tvm Mlhillf 8* pete. tt WmmmHoR UWIH "P »YP* tend am (sq ft) '•a*** (s$) SS)Mf PWAT1 Aug 14,1995 1441 Eunos Park Condo I 1625 FH 970,000 597 Aug 15,1995 1233 I Regent Court Condo 3122 FH 1,360,000 436 Aug 15,1995 2158
      185 words
    • Article
      Lock icon HK closer to mortgage war after Hang Seng Bank move
      190 13 Eastern Express HONGKONG'S banks have moved a step closer to an all-out mortgage war, after the Hang Seng Bank announced last week it was cutting the interest rate on some residential mortgage loans by 0.25 per cent. Hang Seng's move
      Eastern Express  -  190 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      91 13 For Sale By Tender BRAND NEW PRIME 1 WAREHOUSE BUILDING I "w\v/ NO. SO KALLANG PUDDING ROAD Rarely available 'en-bloc' sale Basement carparks I -r oca^ n District 13 •19 Warehouse units Potential for further sub-division 5 Tenure Freehold \C k? n Area 38,040 sq ft (approx) I Floor Area
      91 words
    • Advertisement
      Page 13 Advertisements Column 2
      18 13 To crack Hm eete or enter Mra Wteenfo cryetei tart, caH Tete-Oemee on IMMMII4OO3, el 30 conte minute.
      18 words
    • Advertisement
      Page 13 Advertisements Column 3
      393 13 PRIME DEVELOPMENT SITE AT J ALAN MUTIARA, OFF RIVER VALLEY RD D(1024) I Bvvarty 1 \\®i Luefcy Spring *****22 L. \s\ v Towar Grow io\ \y"\ JAiAH li w t VJv: ltotay^n\f 0 Tim \v \w>fninifiK)n w\ —r ts I Lot: 757 TS24 Approved for 10 storey apartment Freehold block
      393 words
Page thumbnail Page 14
  • Article
    Lock icon Strong signs of slowdown lift hope for German rate cut
    513 14 Reuter Bloomberg Business News BONN New figures on the German economy released yesterday prompted economists to say the country's growth outlook was darkening again, which might help persuade the Bundesbank to cut official interest rates soon. Industrial orders fell sharply
    Reuter; Bloomberg Business News  -  513 words
  • Article
    Lock icon Drug industry shakeout squeezes mid-sized firms
    369 14 Reuter LONDON Consolidation in the global drugs industry is building up steam once more, after a brief pause following Glaxo's monster £9 billion (5519.8 billion) takeover of British rival Wellcome earlier this year. The merger of Sweden's Pharmacia AB with Upjohn Co and Rhone-Poulenc
    Reuter  -  369 words
  • Article, Illustration
    HK's chief secretary to visit China again
    255 14  -  From Quak Hiang Whai in HONGKONG CHIEF Secretary Anson Chan, widely tipped to be Hongkong's first chief executive when the territory is returned to China in 1997, will visit China for the second time from Friday. But unlike her first visit last month
    255 words
  • Article
    Lock icon Germany's first insider trading case widens
    232 14 Reuter Bloomberg Business News FRANKFURT A case that resulted in Germany's first conviction for insider trading widened yesterday to include employees at the nation's third-largest bank. The Frankfurt Prosecutor's Office said it was investigating some employees at Commerzbank AG in connection with the insider
    Reuter; Bloomberg Business News  -  232 words
  • Article
    Lock icon Saudi prince keeps mum on Canary Wharf deal
    84 14 Bloomberg Business News LONDON Saudi Arabian Prince alWaleed bin Talal said yesterday that he and his partner, Canadian businessman Paul Reichmann, had not reached agreement yet to buy London's once bankrupt Canary Wharf development from its 11 owner banks. "I have no
    Bloomberg Business News  -  84 words
  • Article
    Lock icon BBC broadcasts jammed
    54 14 Reuter LONDON The British Broadcasting Corporation said yesterday that its World Service broadcasts in Burmese were being jammed for the first time in their 55-year history. "BBC engineers have found deliberate interference on two of the three regular short-wave radio frequencies car- rying BBC Burmese language programmes,"
    Reuter  -  54 words
  • Article, Illustration
    Forget containment, it's the balance of power, stupid
    779 14  -  The Bottom Line LEON HADAR LEON HADAR The writer is BT's Washington correspondent NOW THAT the struggle between capitalism and communism is over, Washington's unemployed Cold Warriors feel a certain sense of loss. With the disappearance of the Soviet threat, it has
    779 words
  • Article
    Lock icon Microsoft finally wins settlement approval
    235 14 Bloomberg Business News WASHINGTON A federal judge yesterday approved Microsoft Corp's negotiated settlement of antitrust charges with the Justice Department, ending a year-long fight to win court approval of the pact. US District Judge Thomas Penfield Jackson approved the settlement during a low-key court proceeding.
    Bloomberg Business News  -  235 words
  • Article
    Lock icon UK growth slows
    82 14 Reuter LONDON British economic growth slowed in the second quarter of the year, boosting hopes that interest rates have peaked and the economy will not overheat. Figures released yesterday showed gross domestic product (GDP) up 0.5 per cent in the second quarter and 2.8 per cent on
    Reuter  -  82 words
  • Article
    Lock icon US farm exports
    96 14 AFP WASHINGTON US exports of agricultural products to China are expected to hit US$2 billion (Ss2.B billion) worth by the end of the year, a level not attained in more than a decade. Thanks to large Chinese imports of cotton, soybean oil, grains and other products, US
    AFP  -  96 words
  • Article
    Lock icon SPD goes on-line
    68 14 UPI BONN Germany's main opposition party, the Social Democrats, yesterday became the first political group in Germany to go on-line. The SPD has acquired its own "Home Page" to allow politically-minded Ger-man-speaking net-surfers to get the Social Democrats' view on world events, party officials said. In the
    UPI  -  68 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      112 14 ARTNERSHIP Jfe &SteW FORGED BY v UNDERSTANDING PUBLIC TENDER 12 KULUING WflY .w'. b i i PROPERTY A 5-storey light industrial building with showroom, office and warehouse space TENURE 60 years leasehold w.e.f. 1 Nov 1988 LAND AREA 4,763 sq m (51,269 sq ft) GROSS FLOOR AREA 10,864.13 sq m
      112 words
    • Advertisement
      Page 14 Advertisements Column 2
      32 14 Distributor tor Nitsuko Keyphone Systems A EPABX: SiN€fApORE SINGAPORE COMMUNICATIONS EQUIPMENT CO PTE LTD Tel 273 70SB ■Every Call Is A Commitment! Microsoft means more business as it grows older, pg 17
      32 words
Page thumbnail Page 15
  • COMPANIES & MARKETS
    • Article
      Maybank exceeds forecasts with 34% jump in group profit
      591 15  -  From Ho Kay Tat in KUALA LUMPUR MALAYAN Banking Bhd (Maybank), Malaysia's largest financial services group, has chalked up a 34 per cent rise in group net profit to M 5863.53 million (***** million) for the year ended June 30, 1995,
      591 words
    • Article
      Lock icon Bank Bumiputra looks at listing; profit up 8.7%
      466 15 Reuter AFP KUALA LUMPUR Stateowned Bank Bumiputra Malaysia Bhd, the country's second largest bank, has appointed DCB Sakura Merchant Bankers Bhd to look into the possibility of listing the bank on the Kuala Lumpur Stock Exchange. Bank chairman Abdul Khalid Sahan was
      Reuter; AFP  -  466 words
    • Article, Illustration
      Lock icon NatSteel interim earnings drop 31%
      407 15  -  But company expects better full-year results By Paul Leo SINGAPORE Nat Steel yesterday reported sharply lower interim earnings but is optimistic that full-year results will exceed that of 1994. The steel-based group said that net earnings plunged 31.1 per cent to $16.68 million in the
      Source: Bloomberg  -  407 words
    • Article
      Indonesia's new breed of corporate raiders
      652 15  -  HOCK LOCK SIEW By Yang Razali Kassim SINGAPORE The forays into Singapore's corporate world by Indonesia's top businessmen have been sudden and they have come thick and fast. Apart from Liem Sioe Liong, Indonesia's richest man and a seasoned player in Singapore, the rest
      652 words
    • Article
      G E Life not selling 30% of M'sian operations to BBMB
      287 15  -  By Shiv Taneja SINGAPORE Locallylisted insurance giant Great Eastern Life Assurance will not be selling a 30 per cent stake of its Malaysian operations to Malaysia's stateowned Bank Bumiputra Malaysia Bhd (BBMB). G E Life said yesterday that a
      287 words
    • Article
      Lock icon Keppel Philippines raising capital to cover stock sale
      137 15 Reuter MANILA Keppel Philippines Holdings Inc (KPHI) is raising its authorised capital from 283 million shares to 400 million to cover a planned stock bonus and stock sale, documents from the Manila Securities and Exchange Commission (SEC) show. The firm yesterday asked
      Reuter  -  137 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD Mixed
        46 15 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 Secun 1 Daiwa, Fraser GK Goh, Kay Hian, Morton Grenfell, sJ^ omura p Smith Coun Carr W
        46 words
      • Article, Illustration
        HOT STOCK
        94 15  -  By Paul Leo DATAPULSE Technology doubled in price to 66 cents yesterday from 33 cents in June. Technical factors are dangerously overbought and any further upside is limited to resistance around 75 cents. Both the Relative Strength Indices and stochastics are above 75. Buying interest is also slowing
        94 words
    • COMPANIES
      • Article
        Teledata interim net profit up 28.7%
        78 16 SINGAPORE Teledata yesterday reported a 28.7 per cent rise in net earnings to $1.4 million for the half year ended June 30, while its turnover rose 26.7 per cent to $26.3 million. Earnings per share was 13.3 per cent higher at 1.7 cents and
        78 words
      • Article
        Informatics in HK joint venture
        47 16 SINGAPORE Locally listed Informatics Holdings has opened its second information technology training centre in Hongkong's Wan Chai district. Info-Pro (HK) is a 40.60 joint venture between Informatics and Hongkong's Professional Development International (PDI). Info-Pro's initial authorised share capital is HK$2.6 million (*****,000).
        47 words
      • Article
        Ex-director sells Creative shares
        69 16 SINGAPORE Creative Technology ex-director Ng Kai Wa sold a total of 100,000 Creative shares for a total of US$l.l5 million (551.65 million). Mr Ng still holds a 15.4 per cent stake or 13.48 million shares. Separately, the multi-media company director Chay Kwong Soon sold 25,000 Creative
        69 words
      • Article
        Heshe replies to share price query
        41 16 SINGAPORE Heshe, replying to a query by the Stock Exchange of Singapore, said yesterday that it was not aware of any reason for the increase in the price and turnover of its shares last Friday.
        41 words
      • Article
        Hotel Prop's 'no' to Aussie site
        47 16 SINGAPORE Hotel Properties has decided not to proceed with the acquisition of a site at the corner of Northcliffe Terrace/Markwell Avenue, Surfers Paradise, Australia, by its whollyowned subsidiary Coralsand because of town-planning difficulties relating to the permitted use of the site.
        47 words
      • Article
        More than $10,000 raised at start of final lap
        243 16 Charity Investment Race SINGAPORE At the end of the first month of the fifth and final lap of the Charity Investment Race, the seven participants raised a total of $10,245. The top team made $7,685 from foreign exchange trading, while the
        243 words
      • Article
        Lock icon MBf Capital's group pre-tax earnings up 37% to M$144m
        428 16 Bernama KUALA LUMPUR MBf Capital Bhd posted a 37 per cent increase in group pre-tax profit before minority interest to M$ 144.2 million (5582.2 million) for the six months ended June 30, compared to M$ 105.6 million previously. Announcing the results
        Bernama  -  428 words
      • Article
        Rothschild launches fund focusing on small, high-growth Asian firms
        338 16  -  By Conrad Raj SINGAPORE Rothschild Singapore is launching a unit trust for people who want to invest in Asia's fast-growing, medium-size companies but who do not have the time or expertise to do so on their own. Called the Five Arrows
        338 words
      • Article
        Inter-Roller back in black with interim earnings of $357,000
        207 16 SINGAPORE Inter-Roller Engineering Ltd, an engineering services company, has bounced back into the black. Yesterday, it reported interim group net earnings of $357,000 for the half year ended June 30, against a loss of $923,000 for the same period last year.
        207 words
      • Article, Illustration
        Lock icon Analysts see Robinsons' profit rising within expectations
        389 16  -  Earnings INSIGHT By Jenny Lam SINGAPORE Securities analysts are expecting no surprises from retailer Robinson 8l Co, which is likely to announce its full-year results this week. Based on the sluggish retail market and Robinsons' track record, analysts are predicting that Robinsons will
        Source: Bloomberg  -  389 words
      • Article
        Lock icon Mayban unit trust doubles gross income to M$6.44m
        264 16 Bernama KUALA LUMPUR Mayban Unit Trust Fund (MUTF), a unit trust managed by Mayban Management Bhd, has increased its total gross income by 98 per cent to M 56.44 million (553.7 million) for the year ended June 30, 1995, compared with MS3.2S
        Bernama  -  264 words
      • Article
        Untitled
        545 16 MmmSWS' pricM Aug 22 Mendaki Gr Fund 1.02 1.050 y__» US Gr Fund I II 1.15 s The Commerce 1.55 1.64 If08 Asset Mgk Ltd TV Saving* Fund 1.49 1.58 Unifund 1.42 1.49 S"pore Prog Fund 0.62 0.66 Unitoond 1.06 1.015 S-pore See Fund 0.91 0.97«d United Gr Fund! 1.57
        545 words
      • Article
        Lock icon Man Yau posts 51.5% rise in interim profit
        125 16 Bernama KUALA LUMPUR Man Yau Holdings Bhd has reported a SI.S per cent increase in group operating pre-tax profit for the six months ended June 30, 1995 to MS6.S million (553.7 million) from M 54.3 million previously. In its unaudited results re-
        Bernama  -  125 words
      • Article
        Citic Pacific's earnings jump 20%
        322 17  -  From! Quak Hiang Whai in HONGKONG CITIC Pacific, a China-con-trolled conglomerate, has lifted interim earnings by 20 per cent to HKSI.4I billion (***** million) in line with most analysts' expectations. Analysts say that with major revenue contributors such as Cathay Pacific Airways, Hongkong Telecom and
        322 words
      • Article
        Australian building materials maker Boral expanding in Asia
        318 17  -  Fran Florence Chong in SYDNEY AUSTRALIA'S leading building materials manufacturer, Boral Ltd, is to significantly step up its presence in Asia with operations in the Philippines and China. The company signed a memorandum of understanding with Philippine companies to develop a plant
        318 words
      • Article
        Lock icon Asda to buy stake in property firm
        72 17 Bloomberg Business News LONDON UK food retailer Asda Group pic said it would buy the half of a property joint venture it doesn't already own from British Aerospace pic for £88 million (S$ 192.72 million) cash. The Burwood House Group pic, the joint
        Bloomberg Business News  -  72 words
      • Article
        Lock icon Arco's hostile bid
        79 17 Bloomberg Business News LONDON Atlantic Richfield Co, the US oil company, said it would offer 157 million Irish punts (*****.16 million) to acquire Dublin-based oil company Aran Energy pic. Arco, based in Los Angeles, said it will offer 60 Irish pence for each Aran share, or 61.4
        Bloomberg Business News  -  79 words
      • Article
        Lock icon Volvo to hold Pharmacia stake
        73 17 Reuter STOCKHOLM Swedish carmaker AB Volvo said it will not sell its stake in the new Pharmacia Upjohn venture until the second half of 1996 at the earliest. Volvo said on Sunday it will exchange its 27.5 per cent stake in Pharmacia for 13.8 per
        Reuter  -  73 words
      • Article
        Lock icon Kanebo to double stockings output
        56 17 AFP TOKYO Major Japanese spinning company Kanebo Ltd plans to double stockings production in China to nine million pairs a month in four to five years to meet rising local demand, a Kanebo official said yesterday. Currently, Kanebo operates a joint venture in Shanghai that
        AFP  -  56 words
      • Article
        Lock icon Qantas says foreign investors hold 52.6% of its shares
        203 17 Reuter SYDNEY Qantas Airways Ltd said yesterday that, based on initial information, foreign investors owned 526 million Qantas shares, or about 52.6 per cent of the total on issue. The Australian government has set a 49 per cent ceiling on foreign
        Reuter  -  203 words
      • Article
        Lock icon C S Holding 1st-half profit falls 3%
        151 17 Bloomberg Business News ZURICH CS Holding, a Swiss financial services company, said first-half net profit fell a smaller-than-expected 3 *per cent to 691 million Swiss francs (SJBO6 million) as a 20 per cent rise in trading profits offset a decline in commission income.
        Bloomberg Business News  -  151 words
      • Article
        Lock icon KFC outlets help boost New Asia earnings
        283 17 Bloomberg Business News SHANGHAI New Asia Group said first half earnings rose 46.7 per cent, as surging investment income from Kentucky Fried Chicken outlets offset problems at the company's wholly-owned hotels. "Investment income is certain to contribute more to 1995 earnings than our
        Bloomberg Business News  -  283 words
      • Article, Illustration
        Lock icon Microsoft means more business as it grows older
        332 17 Reuter SEATTLE Microsoft Corp is getting bigger, older and more powerful, but as the software giant prepares to launch its latest computer operating system on Thursday, nobody suggests it is losing the intensity that made it an industry leader in the first
        Reuter  -  332 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Malaysia gets tough with dealers to revive bond market
        501 18 Reuter KUALA LUMPUR Malaysia's central bank is cracking the whip on tardy principal dealers in the local bond market to try and inject life into the lacklustre market, dealers said yesterday. Dealers said Bank Negara recently suspended two principal dealers for
        Reuter  -  501 words
      • Article
        Malaysian plantation firm sees rich pickings in red palm oil
        484 18  -  By Siow Li Sen SINGAPORE An unlisted palm oil plantation group owned by Malaysian businessman JC Chang is rushing to market the latest edible palm oil product red palm oil, which is touted as being rich in natural carotenoids (Vitamin
        484 words
      • Article
        Lock icon HK MTRC HK$6b loan oversubscribed
        88 18 Knight-Ridder HONGKONG Hongkong's Mass Transit Railway Corp completed syndication of a revolving loan facility, raising HK$6 billion (Ssl.l billion) through 47 banks. The underground railway monopoly said in a statement yesterday that the facility, which was launched at HKSS billion in mid-July, was oversubscribed with
        Knight-Ridder  -  88 words
      • Article
        Lock icon KPMG posts US$2.3b record revenues
        83 18 Reuter NEW YORK KPMG Peat Marwick said it had record revenues of US$2.3 billion (SS3.27 billion) in its fiscal year ended June 30, 1995. KPMG said sales of consulting services rose 37 per cent to US$830 million in fiscal 1995. Total revenues rose 10 per
        Reuter  -  83 words
      • Article
        Lock icon Indian bank to launch US$250m bond
        71 18 Reuter BOMBAY The Industrial Development Bank of India (IDBI), the country's largest term-lending institution, will launch floating rate notes totalling US$25O million (***** million) in the overseas market in September. The full details of the issue, being lead managed by Credit Suisse First Boston,
        Reuter  -  71 words
      • Article
        Lock icon Dresdner Bank opens India branch
        76 18 AFP BOMBAY Dresdner Bank AG opened its first Indian branch here yesterday. The second largest German bank plans to offer commercial banking services to top Indian corporations and international clients, it does not have immediate plans to get into retail banking, due to a paucity
        AFP  -  76 words
      • Article
        Lock icon Potter no longer authorised dealer
        73 18 Bloomberg Business News SYDNEY Australia's Potter Warburg Discount Ltd will cease operation as an authorised dealer in the short-term money market, following the merger last week of Potter Warburg Pty Ltd and SBC Australia Ltd. Both SBC and Potter had subsidiaries which were authorised dealers.
        Bloomberg Business News  -  73 words
      • Article
        Lock icon Westpac, AMP relax ties further
        162 18 Bloomberg Business News SYDNEY Westpac Banking Corp and insurer Australian Mutual Provident Society (AMP) said they will cease being represented on each other's boards. Each has had two representatives on the other's board since 1992 as part of an alliance to create a powerful new
        Bloomberg Business News  -  162 words
      • Article, Illustration
        Lock icon Clothes on credit
        44 18 Reuter LONDON Model Miranda Williams displaying an outfit made from credit cards daring a photocall on Sunday. Firstyear fashion students from colleges around Britain later showed their creations, all made from the cards, at a fashion show in central London. Renter
        Reuter  -  44 words
      • Article
        Lock icon Mitsubishi Bank to sell convertible bonds abroad
        276 18 Bloomberg Business News TOKYO Mitsubishi Bank, a major commercial bank, is planning to sell convertible bonds overseas in order to lift its capital. "We are still considering the convertible bond issue," said Hideo Okuma, manager at Mitsubishi Bank. "The biggest reason is to
        Bloomberg Business News  -  276 words
      • Article
        Market for tin to remain tight, prices to rise further
        360 18  -  From Neil Behrmann in LONDON THE TIN market is expected to be tight well into the fourth quarter and prices are forecast to rise further. Three-month tin futures jumped to U557,270 (S$ 10,345) a tonne on Thursday, the highest since
        360 words
      • Article
        Lock icon World oil prices rally as Mideast tensions flare up
        299 18 ENERGY REPORT Reuter LONDON World oil prices rallied yesterday as mounting tension in the oil rich Mideast sparked nervous buying and knocked oil prices to the top end of a longheld range. But some traders were unsure how much longer the
        Reuter  -  299 words
      • Article
        Lock icon LONDON
        213 18 Reuter LONDON The dollar tiptoed gently lower against the yen but crept higher on the mark in morning Europe as profit-taking vied with German rate cut expectations. Players holding stale long dollar/yen positions after last week's central bank intervention had pressured the US unit as they moved in to
        Reuter  -  213 words
      • Article
        Lock icon NEW YORK
        98 18 AFP NEW YORK The dollar was down against most currencies here yesterday morning ahead of today's meeting of the Federal Reserve. At 1400 GMT, the dollar was trading at 1.4740 marks, compared to 1.4760 Friday and 96.70 yen compared to 97.43. In London, in midday trading, the dollar
        AFP  -  98 words
      • Article, Illustration
        Untitled
        1198 18 Tndr-wrttfued imdrx calculated agaiiut S'porr 's lap 14 trading partners to>wr 1983 US$/S$ forward rates Noon Aug 21 at BU Oflcr 1-month 1.4119 I 4204 2-month 1.41)6 1.4171 3-month I.4I2S 1.4143 6-month 1.4426 un»» Source: OCBC FOREIGN CURRENCY NOTE RATES Ai at 9m Aac 21 Singapore dollars to oac aatt
        1,198 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen and Eurodollars close higher
        1351 19 Reuter SINGAPORE Simex Euroyen and Eurodollar futures ended higher in light trade. Euroyen were firmer on the back of the stronger yen, the flat close on the Nikkei and Moody's downgrading of Japanese banks. The market is expecting Japan to lower rates again. A dealer
        Reuter  -  1,351 words
      • Article
        HK gold higher on silver's rise
        692 19 COMMODITY REPORTS Gold HONGKONG: Gold closed higher on early short covering following silver's rise, although profit-taking pulled it ofT highs in late trade, dealers said. "Gold underwent a shortterm rebound today in line with the rising silver price and New York's gain last Friday,"
        692 words
      • Article
        Indonesia buys 30,000 tonnes US corn
        55 19 HONGKONG Indonesia last week bought at least one 30,000-tonne cargo of US com for August shipment, with traders expecting more demand to cover requirements from August to November. Some traders said the country bought two cargoes last week, but the purchase of another 30,000
        55 words
      • Article
        Vietnam PM backs coffee planting
        65 19 SINGAPORE Vietnam's Prime Minister Vo Van Kiet has backed plans to expand coffee planting in the country, the weekly Vietnam Investment Review said. The plan calls for the planting of 220,000 hectares of coffee in the next five years, the weekly said. The expansion would
        65 words
      • Article
        Japan steelmakers cut output plans
        98 19 TOKYO Japan's steelmakers have cut their July-September crude steel output pjans by 2.8 per cent partly because of slower-*han-expected rebuilding from the Kobe earthquake, government officials said yesterday. Nippon Steel Corp and other makers have cut their combined quarterly production plans for crude steel used
        98 words
      • Article
        China cotton yarn output steady
        92 19 HONGKONG China produced 13.97 million bales of cotton yarn in the first six months of this year, the same level as in the year-earlier period, the official Xinhua News Agency reported yesterday. China also produced 1.39 million tonnes of chemical fibre in Jan-Jun, up 3.4
        92 words
    • Article
      COMMODITY PRICES
      1442 19 SICOM Futures Aug 21 Pfcy steal Prteaa (Mmm dasiag at at S.Jtpa) iSS I C—tract (S cents/kg) As at 12 mm (S cents/kg) Close Volume Open Month Higfc Low Sell (Ion no) I merest RSS 2 Sep 95 IS4.50 185 50N Sep 95 191.50 IU.00 ISS 50 150
      1,442 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        935 20 +6.3 SHARE prices closed higher yesterday as rising commodity prices boosted resource stocks despite a lacklustre performance by overseas bourses. "I guess the market put in a pretty good performance against the backdrop of overseas markets, particularly with the Dow being down," said a dealer. The All Ordinaries Index
        935 words
      • Article
        Manila
        602 20 -12.93 Share prices closed lower, influenced by a slump in New York and in other Asian markets. The PSE Composite Index fell 12.93 points to close at 2,827.48. Turnover was to 6.73 billion shares valued at 1.41 billion pesos. Commercial and industrial sectors were the most affected by the
        602 words
      • Article
        Taipei
        529 20 +30.57 Share prices finished higher on slow trading amid a wait-and-see sentiment. Leading winners were banking and insurance issues and cements, dealers said. "Uncertainties over Taiwan's political front on the eve of a plenary meeting by the ruling Kuomintang kept investors at bay," said a trader. The 321-issue Weighted
        529 words
      • Article
        Seoul
        443 20 +1.41 Stock prices gained, helped by a steady upswing of financial and construction shares. "The index, which has sustained the upward trend since Friday, was further boosted by reports that a considerable amount of Japanese funds is poised to flow into the bourse soon," said a trader. The Composite
        443 words
      • Article
        New Zealand
        274 20 -1.35 Shares ended steady on reasonable turnover for a Monday, the main feature being continued selling in Fletcher Challenge The NZSE-40 Capital Index ended 1.35 points down at 2,097.36 on turnover worth NZ537.6 million. Unfinished business in Fletcher Challenge on Friday resulted in some more selling, the stock
        274 words
      • Article
        Bombay
        107 20 +11.02 Shares ended higher with activity concentrated in blue chips. Purchases by foreign investors and local operators to square off positions in end-account trade pushed the index higher. Today is the last day of the account on the National Stock Exchange and in A-group stocks on Bombay exchange. The
        107 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        617 20 Britannia Funds Startfac Cat* M Oflcr Min Cay DnoM 3**400 3* 6500 Mai Jcncy di .0.119) 0.19*2 Ma Mai lacoa 0.9)00 0 9700 ust Cask Income Ptos Fund *9 7100 *10 2)00 PS S Rcatrvc Faad ..J MOO 5.5500 Eiio^SonMKt... 0*592 0 49)1 Fa Em Fand *2.7*50 *2.97)0 Mai Portfolio
        617 words
      • Article
        London
        670 20 +25.9 UK STOCKs reached a record high close as a slew of corporate takeover activity sparked buying interest, supported by a healthy dollar and rising bonds. Optimism that UK intest rates are at or near their peak was bolstered by a report that the second estimate of second-quarter UK
        670 words
      • Article
        Paris
        166 20 +12.88 French stocks closed higher, tracking government bond futures after an economic report from Germany rekindled hopes for lower interest rates in Europe. Also helping the stock market was the "rally in the US bond market and Wall Street's opening up strongly", said a trader. The CAC 40 Index
        166 words
      • Article
        Frankfurt
        203 20 +5.92 German shares ended slightly up but off session highs, which included new yearly high, as the DAX Index flirted with all-time high at 2,282.60 on back of buying spurred by dollar gains. Dealers said the market was underpinned by a firm Bund market. The DAX index ended up
        203 words
      • Article
        Brussels
        179 20 +6.69 A firmer start on Wall Street pushed Belgian shares to a higher close after a quiet day spent languishing at little changed levels. The Bel-20 Index finished 6.69 points higher at 1,477.11 on turnover of 682 million francs. Dealers were optimistic for further gains this week though they
        179 words
      • Article
        Milan
        129 20 I.2pc Italian shares surge in late trade after the city of Genoa says year-on-year inflation in August was 5.5 per cent. The Mibtel Index closed up 1.6 per cent to 10,688, The Mib3o Index was up 1.2 per cent to 15,895. Dealers said the market would climb further today
        129 words
      • Article
        Amsterdam
        269 20 +1.88 Dutch stocks scored a record high, led by gains in ING and ABN -Amro, as signs of slow German growth fuelled hopes of lower European interest rates. The EOE Index rose to its highest closing level ever, gaining 1.88 points to 463.43. The previous re-cord-high close was set
        269 words
      • Article
        Stockholm
        128 20 +16.99 Swedish stocks hit a record high as the krona regained ground lost late last week and as fears of an interest rate rise receded. The OMX Index of 30 top stocks closed 16.99 points up at 1,386.29. Twenty stocks rose, seven fell and three were unchanged. "The krona
        128 words
      • Article
        Zurich
        231 20 -2.8 Swiss shares shrugged off rising bond markets and bond futures to end below Friday's close. Volumes were too low to boost prices, one dealer said. An early euphoria in banking shares, triggered by CS Holding's better-than-ex-pected results for the half year, was thwarted by a lack of follow-through
        231 words
      • Article
        Johannesburg
        323 20 -6.4 South African industrial shares ended weaker and gold shares mildly firmer after a day of lacklustre trade. Dealers attributed the lack of interest and thin volume to uncertain economic prospects following disappointing economic statistics for the first half of this year. A trader said the market had been
        323 words
      • Article
        Toronto
        204 20 +0.91 Stocks opened firm in early trading, trailing advances in New York shares and buoyed by stronger gold mining issues, traders said. The TSE 300 rose a marginal 0.91 of a point to 4,620.83 on volume of 8.2 million with a value of CsloB million. Toronto Aaj It CI
        204 words
      • Article
        Now York
        679 20 +30.64 Stock prices turned sharply higher in active trading as buy programs boosted early gains fuelled by bonds initial strength amid a dearth of kev economic news. The Dow Jones Industrial Average, which fell 13.03 points on Friday, was ahead 30.64 to 4,648.24 at 11am EDT. The NYSE
        679 words
    • Article, Illustration
      Lock icon HONGKONG
      2489 21 Bloomberg Business News HONGKONG Stocks were mixed as a rebound in HK Telecom and bank shares balanced losses among property issues. Concern that profit growth will slow drove the main index below 8,800 for the first time since May 1(X but the benchmark erased its loss in the last
      Bloomberg Business News; Source: Bridge Info  -  2,489 words
    • Article, Illustration
      Lock icon CHINA
      577 21 CLSA IN Hongkong, the H share index lost 2.96 points at 1,091.93 on turnover of HK$9.l million. Disappointing interim profits from Bohai Chemical and Kunming Machinery saw their prices slipping S per cent and 4.6 per cent respectively. The Shanghai B Index slipped 0.7 per cent on turnover of
      CLSA  -  577 words
    • Article, Illustration
      Lock icon TOKYO
      2425 21 Bloomberg Business News TOKYO Stocks tumbled, led by major exporters such as Sony Corp and Pioneer Electronics, as the dollar's retreat prompted questions about whether its recent rains will be enough to sustain Japan's economic recovery. "It's all the currency," said a trader. The dollar weakened to a low
      Bloomberg Business News; Source: Bridge Info  -  2,425 words
    • Article, Illustration
      Lock icon BANGKOK
      1430 21 Reuter BANGKOK —.Stocks continued in the doldrums ending the day lower in wafer-thin trade. Both local and foreign investors sat on the sidelines with tight liquidity adding to the bearish mood. The SET Index ended 5.11 points lower at 1,31 S.B on turnover of just 1.99 billion baht, the
      Reuter; Source: Bridge Info  -  1,430 words
    • Article, Illustration
      Lock icon JAKARTA
      1131 21 AFP JAKARTA Share prices closed lower in moderate trading with foreign investors sidelined. "The market improved towards the end of the day but there's a lack of buying orders, so I think it is a bit premature to expect an overall improvement soon," a dealer said. The Composite ladex
      AFP; Source: Bridge Info  -  1,131 words
    • Article
      CLOB INTERNATIONAL
      2163 22 Gr Gr I** Lart Vol D» La* Qaatt Dh Oh Yld Nm M Cap H%h U* Ci»hii ij Safe CM) Hfcfc Ln Barer Stfcr CV P/E MALAYSIAN STOCKS ?7? A n 411 406 406 410 Ji) -2.9 ft2 4114 4iZ .V. m AMDe W5 -15 357 MS 95.5
      2,163 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares fall amid rate concerns, Time rights issue
        6328 22 Bloomberg Business News KUALA LUMPUR Stocks fell amid concerns that rising interest rates will pull money out of shares and displeasure over plans by Time Engineering Bhd to dilute its shares to raise money. Time Engineering fell 40 sen to M 59.00.
        Bloomberg Business News; Source: Bridge Info  -  6,328 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7041 23 h*'~U. £S*ZL. INDUSTRIAL AND COMMERCIAL JtS m 444 +4 320 464 462 t 62 444 225 51 14 4344 430 4x1 I Alex HkifS 50c 450 cd 350 500 60 11 ft 7 o« in ft 474 207 mi s Amrol 25c 384 -8 4374 394 384 384 386 200
        7,041 words
      • Article, Illustration
        Lock icon Broad market slides as speculative fervour subsides
        1850 24  -  By R Sivanithy SINGAPORE It was a generally poor day on the local bourse yesterday, with minimal institutional interest, a weak Clob International and a quietening of the speculative end of the market combining to drag prices lower across the board. The two-point
        Chans by Bridge Info; Source: Bloomberg  -  1,850 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      328 15 NEWS VALUE Govt reschedules sale ef 12 residential sites (pg 1) Too much is up in the air. Will reinforce the current caution in the market. BOJ leaks news ef plan to protect international creditors (pg 1} An extension of an earlier domestic initiative. Won t do much to change
      328 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      503 16 TELEDATA The Architect of Voice and Data Communications ANNOUNCEMENT The Directors of Teledata (Singapore) Limited wish to make the following announcementUNAUDITED RESULTS FOR THE SIX MONTHS ENDED 36 JUNE IM6 CROW COMPANY IM6 1994 Change 1916 1994 Change ssm» ssooo sun s$ 000 TURNOVER 26,302 20,756 26.7 28.566 ***** 26.7
      503 words
    • Advertisement
      Page 16 Advertisements Column 2
      266 16 This is a SPECIALLY EFFECTIVE designed course that provides the Si fcV 11 w L PRACTICAL PLANNING TECHNIQUES MANAGFRIAI% I to ensure your company's PROFITS. "inlinebltl/lL SKILLS FOR Advanced ORGANISATIONAL BUDGETING excellence crucial skills for today's everchanging and CONTROLS OT^'lwe PROFIT WORKSHOP OBJECTIVES: Dl Aklkllklf* This is a Workshop on:
      266 words
    • Advertisement
      Page 16 Advertisements Column 3
      89 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services arc available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      89 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      558 17 FMS. The Weight-Loss Programme That Works! AMAZING RESULTS SINCE ITS INTRODUCTION "I didn t believe it would work, but "I nearly gave up hope of ever lost weight in all the right places." looking slim again. DEXTER AT 98.7 KGS., WAS ONCE THE VICTIM OF JOKES, CAUSING HIM 'LOOKING BACK,
      558 words
Page thumbnail Page 18
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      163 19 I I JURONG SHIPYARD LIMITED I I Closure of Books I Notice is hereby given that the Transfer Books end the Register of Members of the Company will be closed from 5 to 7 September 1995, both dates inclusive, for the preparation of dividend warrants. Duly completed transfers I received
      163 words
    • Advertisement
      Page 19 Advertisements Column 2
      20 19 As ami whea the latest Loadoa/ Rotterdam prices are aot available, the previews trading day's doslag figures are carried instead.
      20 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      92 20 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. MHpgV'' The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman
      92 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      27 21 ACTAL NEUTRALISES STOMACH ACID. Actal neutralises stomach acid, giving quick relief from stomach discomfort. REO THAP€ MAW MSB y FAfrT-AGnNfrANTACtt} <> Health tion and heartburn. I X 2
      27 words
Page thumbnail Page 22
  • Page 22 Advertisements
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      301 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 5* AND IN THE MATTER OF MJBLIC HOUSING DEVELOPMENT PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) Al an Ex inordinary General Meeting of the member* of the company held at the registered office of the company on 21st August 1995 at 2.00 p.m.
      301 words
    • Advertisement
      Page 24 Advertisements Column 2
      85 24 'I'OLL FREE THL.. No. l-fIOO-741-1883 FAXiT^I-I SAVU PROPERTIES LTD 5550,000,000 SECURED FLOATING RATE Notes Due 2002 In accordance with the provisions of the Notes, notice is hereby given that for the six-month period from 22nd August 1995 to 22nd February 1996 (184 days), the Notes will carry a Rate of
      85 words
    • Advertisement
      Page 24 Advertisements Column 3
      295 24 M THE MATTER OF THE COMPAMES ACT; CAP. SO MACRO HOLDMGS PTE LTD (M lOBER? VOLUNTARY UOUDATON) At an Extraordinary General Meeting of the abovenamed Company duly convened and hetiat 50 Chin Swee Road #06-01, Thong Chtf BufcSng. Singapore 0316 on 21 August 1995 the following Special Resolutions were duly
      295 words
    • Advertisement
      Page 24 Advertisements Column 4
      581 24 M THE MATTER Of THE COMPANIES ACT, CHAPTER 80 AND IN THE MATTER OF AUBTPHARM (S| PTE LTD (IN LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company held on the 15th day of August. 1995:--SPfCIAL RESOLUTIONThat the Company be wound up voluntarily pursuant to Section
      581 words
    • Advertisement
      Page 24 Advertisements Column 5
      375 24 Singapore Closing Share Prtess 21/08/1996 CtM PMV LOW MOM IM UN UN UM w MMlMhmi 7.1S T.M IJOm T.M FlHai Jin nmni tot ui mi LWJ Mnrrm om «jm oja &m BS9 nh«mim ia ia ia tjn ESZ3DSI MMtetaCMMM 1.01 1.01 I.M 1M Published by Jardne Fleming inter national Securities
      375 words
    • Advertisement
      Page 24 Advertisements Column 6
      269 24 In the Matter ot The Companies Act Cap.so and In the Matter of ELCATH (S) PTE LTD (In Mamben' Voluntary Uqudabon) At an Extraordinary General Maating at tha abovenamed Company duly oonwanad and hatd at 2 IMeMocfc Road, *0707 ApoOo OmM, Singapore 01 Of on Monday, the 21 at day
      269 words
Page thumbnail Page 25
  • BusinessTimes ShippingTimes
    • Article
      Lock icon DAILY FREIGHT
      534 25 Knight-Ridder Reuter WORLD dry bulk cargo markets mostly remained firm but ships currently in the Pacific are likely to stan ballasting into the Atlantic to take advantage of better rates there, shipbrokers said. Rates for US Gulf/Japan routes were reported to be slightly higher, as were Capers, but
      Knight-Ridder; Reuter  -  534 words
    • Article, Illustration
      Lock icon Zeebrugge is 100
      62 25 Reuter ZEEBRUGGE, Belgium Thousands of visitors queue up at the port of Zeebrugge, which celebrates its centenary on Sunday, to visit sailing ships taking part in the Sail *95 Cutty Sark tall ships race. Sail *95 involves 65 of the most beautiful sailing vessels in the world
      Reuter  -  62 words
    • Article
      Lock icon Oil spill starts fire in Pearl River
      124 25 AFP HONGKONG Oil spilled from a foreign-owned tanker and caught fire after the ship rammed into the berth where it was trying to dock in the south China city of Guangzhou, it was reported yesterday. There was no word of any casualties or
      AFP  -  124 words
    • Article
      MARITIME STOCKS
      318 25 Sts 'OOP A«g 21 s$ +T- Vol CWT Distribution 1.66 0.05 32 Chuan Hup Holdings 1.27 -0.02 127 Cotco Investment 2.26 -0.07 758 Far East Levingston 6.15 -0.10 268 GB Holdings Ltd 0.93 -0.03 34 Hai Sun Hup Group 0.925 -0.015 2427 Hitachi Zosen Sing 1.05 unch 231
      318 words
    • Article
      ANL may undergo restructure instead of being sold
      527 25  -  From Selva Kumar in SYDNEY AUSTRALIA'S ailing national carrier may be trimmed in a major restructuring exercise instead of being sold against the wishes of the maritime union to sole bidder P&O Australia. The rationalisation proposals to pull out of the Europe
      527 words
    • Article
      Lock icon HK freight forwarder Ideal Pacific in feeder joint venture
      307 25 AP HONGKONG Freight forwarder Ideal Pacific Holdings will invest about HKS2O million (553.7 million) in a joint venture with a mainland Chinese partner to set up a larger sea cargo feeder service. It announced the deal while at the same time
      AP  -  307 words
    • Article
      Lock icon Europa Cruises' former chairman sues firm
      189 25 Bloomberg Business News WILMINGTON, Delaware Europa Cruises Corp's former chairman sued the cruise company and three directors in an effort to have himself reinstated as a director. The suit, filed by Stephen Turner in Delaware Chancery Court, names Europa, chairwoman Deborah Vitale, president Lester
      Bloomberg Business News  -  189 words
    • Article
      Lock icon Maersk offers 10 VLCCs for project to ship water to M-E
      380 25 Lloyd's List COPENHAGEN An ambitious plan to ship water from Malaysia to the Middle East is proceeding after Denmark's Maersk group disclosed it had offered 10 very large crude carriers (VLCCs) to the project's Asian partners. A Maersk spokesman
      Lloyd's List  -  380 words
    • Article
      Singamas to build facility for mid-stream operations in HK
      246 25 SINGAPORE Singamas Container Holdings has won the tender to build a new facility for mid-stream operations in Hongkong. The company, listed in Singapore and Hongkong, said in a statement yesterday that the project represented an investment of HKS6O million (SSI 1
      246 words
    • Article, Illustration
      Lock icon Aussie firm to provide ships for Philippine navy: report
      294 25 AFP MANILA An Australian firm has won a contract to provide ships for the Philippine navy and coast guard through countertrade in Philippine goods, the Philippine News Agency (PNA) reported here on Sunday. The report quoted the managing director of shipbuilding
      AFP  -  294 words
    • Article
      Lock icon Orient Overseas' 1st-half profit plunges
      191 25 AFP HONGKONG Hongkongbased shipping group Orient Overseas (International) Ltd said last week net profit fell 46.4 per cent from a year earlier to US$l6.4 million (5523.4 million) in the six months to June. The company, the parent of Orient Overseas Container Lines (OOCL), one of
      AFP  -  191 words
    • Article, Illustration
      Lock icon US airlines adopt ticketless system
      729 26 More travellers on domestic routes in America are making bookings electronically AP IN THE weeks ahead, an increasing number of travellers in the United States can expect to board a flight without lg a ticket, as major US is adopt "ticketless" procures on domestic flights,
      AP  -  729 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      330 26 Pi •ANL 3 Able 7 Accord 10 •Ahlerc 6 •Ahrenluei 4 •Appenship 4 Astro 10 Austral II Avant 6 BSA II Batamindo 7 Blight Express 6 •CCNI 4 •CMA II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho Yang
      330 words
    • Article
      THE SHIPHNG GUIDE THE SHIPPING GUIDE
      10441 32 This guide lists the sailing destinations from Singapore. 1 he hrst date indicates the ETA at Singapore followed by the ETA at the destination. The page number refers to the location of the schedule advertisement ETA ETA Afrwlur VmmI Viym P| MM (A A^aUtd»
      10,441 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        635 37 *iy Hi Btrft Wj Pnwrtwt Mraagftrt (BT) Citp Ifcda 2/95 11 *x*sdt 2208/0700 l&/« fl 22 08/2300 IV# 11 2208/1000 S«r lfaUo* 6/95 J1 Ooapdt 2208/1730 IT V» J1 Pomade 2208/1200 W21 12 Jtongsde 22.01/2315 y> 20 M/5 *T«* 22.08/1700 ■w 2/08 17 *Mpda 22 08/2300 2
        635 words
      • Article
        CONTAINER SCHEDULES
        1351 37 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARGO Record Mb SWp itf W» Elb/Btr Frew Te Fran Aa Swan 184A 23/0200 IB 21/1500 21/1659 21/1900 28 21/1700 22/0659 22/0900 3 22/0700 22/1159 22/1400 Ma 0021A 22/1700 IB 21/1500 21/1659 21/1900 Anda ***** 22/1800 1A 21/1500 21/1659 21/1900 IB
        1,351 words
      • Article
        COCKETT BUNKER MARKET REPORT
        969 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
        969 words
    • Air & Land Transport News
      • Article
        Lock icon Boeing likely to get US$1-2b Air China order, says report
        535 38 Big blow to Airbus if it fails to break US hold on Chinese market FT LONDON Boeing appears to have clinched a US$l billion (551.43 billion) to US$2 billion order to supply up to 20 new aircraft to Air China,
        FT  -  535 words
      • Article
        Lock icon Korean nail clipper firm takes Boeing to court
        233 38 AFP SEOUL A small South Korean nail clipper manufacturer has taken on giant Boeing of the US in a trademark wrangle over the name of the clippers in its 777-series in-flight passenger kit, the Korean firm said here last week. Daesung Metal
        AFP  -  233 words
      • Article, Illustration
        Lock icon Indian train crash: death toll rises
        50 38 Reuter FIROZOBAD, India Itescuers swching for bodies among the wreckage of the passenger trains after the collision in the north Indian Firazobad town of Uttar Pradesh state on Snnday. More than 250 were killed and 230 iqpned when two Deihi-boind passenger trains collided. Renter
        Reuter  -  50 words
      • Article
        Lock icon FedEx's overnight delivery service within Asia starts next month
        372 38 Bloomberg Business News MEMPHIS, Tennessee Federal Express Corp will offer overnight package delivery service within Asia starting early next month, using its new Philippine hub and seven new routes it received in a trade accord with Japan. FedEx said it will
        Bloomberg Business News  -  372 words
      • Article
        Lock icon Qantas flights cancelled, delayed due to strike
        234 38 Bloomberg Business News SYDNEY Qantas Airways Ltd yesterday said that some of its international and domestic flights were cancelled and others delayed because of a strike by check-in-staff and supervisors at six Australian airports and work bans elsewhere. Members of the Australian Services
        Bloomberg Business News  -  234 words
      • Article
        Lock icon Fiat plans big launch
        107 38 Reuter MILAN Italian car maker Fiat is preparing one of the most ambitious product launches in its history with the unveiling of its new Bravo model this month but industry analysts say it faces a hard battle dislodging competitors. The three-door Bravo hatchback and a five-door
        Reuter  -  107 words
      • Article
        Lock icon World air cargo tonnage up 10.9%
        252 38 Reuter GENEVA Freight and mail traffic handled by 434 airports around the world between January and April 1995 totalled 14,525,885 tonnes, up 10.9 per cent on the same period last year, Airports Council International (ACI) said. In the months in question, North America airports
        Reuter  -  252 words
      • Article
        Lock icon Ford cars to roll out of Indian plant next year
        266 38 AFP BOMBAY Indian jeep maker Mahindra and Mahindra Ltd, last week announced that its tie-up with US car giant Ford Motor Co would begin commercial production of passenger cars in India in May next year. "It is expected that the
        AFP  -  266 words
      • Article
        Lock icon Subic Bay airport equipment deal
        123 38 Reuter MANILA The Subic Bay Metropolitan Authority (SBMA) has signed a contract with Societe Internationale Telecommunications de Aeronautiques (Sita) to provide communications at Subic Bay International Airport. Communications equipment includes radio transmitters and transceivers and a remote ground station that will provide air-ground data link
        Reuter  -  123 words
      • Article
        Lock icon Merpati starts Pekanbaru-JB flight
        122 38 AFP JAKARTA Indonesia's Merpati Nusantara Airline has launched a new twice-weekly service linking the central Sumatran city of Pekanbaru to Johor Bani in Malaysia, a company source said over the weekend. The first flight on the new route which will be served by a 100-seater Fokker-28
        AFP  -  122 words
      • Article
        Lock icon Nippondensu to start Thai plant
        92 38 AFP BANGKOK Japanese vehicle parts maunfacturer Nippondensu will expand its production facilities in Thailand with the opening of a 1.5-billion-baht (SSBS million) factory, the company has said. The plant, in an eastern suburb of Bangkok, will begin production early next year manufacturing electrical vehicle parts
        AFP  -  92 words
      • Article
        Lock icon Qantas gets nod for more flights
        118 38 Bloomberg Business News CANBERRA Australia's International Air Services Commission has agreed in principle to Qantas Airways Ltd operating additional flights to Indonesia and Canada. The additional capacity is equivalent to three B-747 services or about 1,200 seats a week to operate from Oct 29,
        Bloomberg Business News  -  118 words
      • Article
        Lock icon Proton Wiras do well in Australia
        119 38 Bernama MELBOURNE A total of 565 Proton Wira cars have been sold throughout Australia in the three months to the end of July. "This is up to our expectations. And considering that the car came on the market only in May it is a
        Bernama  -  119 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1423 38 AIRCRAFT ARRIVALS DEPARTURES an nm ra no n> Ml Ml GA974 0020 G*862 23IQ M*Mi QP081 1930 QF082 2065 9Q2M 2120 AmMM GA897 1306 GA974 0000 KL837 1450 KLB44 0110 SQ327 1530 KL838 2300 8Q0B6 SQ348 2250 UM N2D73 1545 SQ288 2045 SQ286 2040 WZ074 2340 IWkpn BM2I 1106 SQ182
        1,423 words
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      64 25 100 years of Swedish traditions. Spares engineering services for B&W T23, V 23, L23/S2B, V2B L2B Please contact sole agent (S.E.A.) Blue Marine Tech Services Pte Ltd (Spore) Tel: *****13/*****09 Fax: *****20 (Distributors required for Thailand, Hong Kong, Indonesia, Malaysia, k Philippines, Taiwan China) j US airlines adopt ticketless system:
      64 words
    • Advertisement
      Page 25 Advertisements Column 2
      15 25 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 Pis see Pa 3 for schedule j
      15 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      1584 26 BOARD")—-A 4 CmmUm im aaat iA HH Fidel Ramos of the Phrtipptnes wrt address the f jfjOOMOf Yr OT KOIIS-NOyCe unit "First Philippine Mann*>g and Tracing Conference" to be /""X—J>. if* at the Shangn-La Hotel, Manila, from Oct 12-13. S f g 11 R olis-Royce Power Ventures Ltd (RRPV) The
      1,584 words
    • Advertisement
      Page 26 Advertisements Column 2
      201 26 Line* and services represented by Members of the Registry of Accredited /eM53|K\ Shipping Agents, Singapore National UmHJ*) Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday BusinessEme> ——s_ WORLD AMPMWN 2MDB RcfrrVAtw/UK/Nartaa I WORLD
      201 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      817 27 1, #03-10 SINGAPORE 0611 tils 77—ago lis una) JAXi *****11/*****28 TLX* R*****0/280S8 FSSHIP rasa wt sam am asiaaaa Ma iws ioi Mi nu/MaauK BWII 105 a/H Ml rOMMUK/WQI ausasw v/n mi j*a moou/mms Ma h/js nm &a mm/mm WDMUO 10S TVm Mi JNWMMMK KEOMII Ml Mt itfMß/KQAK WMMOI MS Mi
      817 words
    • Advertisement
      Page 27 Advertisements Column 2
      1004 27 PAQRC SOUTH WIST IXPtISS (HMCT) wssa wr I aiai lan I ua lon I oi I i I oa I woa I wc I ana I ml l muumnm 'ia aim am 1 rto nm nm n/a n/a nM n/m |x/w nm ■msomh *u vm Imm I nm Inm I
      1,004 words
    • Advertisement
      Page 27 Advertisements Column 3
      292 27 HANJIN SHIPPING mim |M| mlmlMl I i m [MP mIMTIM 1 I —f pvm MB 55 lvw i4/w ——mi imi im p/ww/iiJ ■1855 ™p/w B jy ffS jvj -ißffliiS >S nv MvSpij <W jjyw "*0 j */j> jM/W jWH j mt jwwjfcwwg MM |w/w j|H/T|| :lA■ TUthd* j_ mj, mmwm.
      292 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      554 28 i'. Vtssa WT NAM rMN MT UM SKM MUM SM ICS UO HO 91 OK KM BSBioygg \m~~wi wr lA —ir nA ~W ~—ln~~*7r~ sronmromss jj/ST f/» -fij i»j r IS f— ~T/t ft--jjT wr -"W -W ffw ?/i ng= iyi ZgZ_tt &s MBBatggSS H/733 li/» in 17/1 W/1 |j
      554 words
    • Advertisement
      Page 28 Advertisements Column 2
      1086 28 I NORASIA SLPMOC BS3W 24M8 ttH IWI IIM 17M 17MB lUI ISJM mm iajh SI VALUE WW Ml 1M 1M 2M MM U« M M M KAENOCAVOUR BXTO OA.TO NOHABA FRMOURB WW IMB BVIB 82/1 I 87/1B Mm WN MM M/M is*! !?2 NORASIA HONGKONG ***** 2M Wl Wit WM
      1,086 words
    • Advertisement
      Page 28 Advertisements Column 3
      448 28 JAPAN/HONGKONQ/STRAITS REGULAR SERVICE LOADING FOR PORT KLANG/PENAN* vtaa vor stow pouoanc pm pen hbjoa i su) «u> a*uc comty a hpt owlH ■altia j aww main < KIKTA n am mm am MMTCMAKUYO 71 MAUB J tayaiahtujuh ii ?7<ui6 maim I pimbwomt M a aim n auc MWfIM a SISg
      448 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      996 29 M STRAITS SHIPPING PTE LTD I mm mam u iim cfciaoi u* #11-91 ko*oi T«nn I |jjgpw Ttfc 22M7SS Nc *****7 I moii CAMO am HI H| I ££■55*5* IP* ■M.xk." an* BAB« MA* "2222 m* S« mm mm w"«»m™iwwt»wiw— rnwrj wt 11 ■Mn.o.uk si-sis* sis* as* ns UUS**® jJJJj
      996 words
    • Advertisement
      Page 29 Advertisements Column 2
      1441 29 KSfC I lilHltjllllP'N P&O Contidners (Singapore Agencies) Pte Ltd n JJJJIJ? 10 Hoc Ckiaag Road, Wl-%\ Keppd Towers, Singapore 62f8 rirst Class Connections WORLDWIDE Tet 22s 2233.Tdex: rsmsm pnocsf. f«c *****7/*****17 CR Nabtß *****9 IMMZ SSSSk ALOtaw/ks 2?o 11*5 2Soe zvo» 22* r OOf «0T wm Mi mi IM Ate
      1,441 words
    • Advertisement
      Page 29 Advertisements Column 3
      285 29 t MBHMMMn W JmmS itSST WW mm |SS 11— im*» irT Sm> MM Ml m MM* MM MM MM M-UM MM MM 17M -IMMIMM MB MM I MM Ml ra Mai MM 11M MM M-MM MM MM tIM MM MM MM MM nil Mi Ml ai MOW MM MM MM
      285 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      994 30 i» un. ROM MM HN IMP LHV LNV THP MM MM MM HQ. MP |l JM 1M M 4 174 IM IM E.MSTIHII 11/7 1/1 M M U M M I 'A i "aU-T WW-M4 U ZM ZM ZM ZM Z74 E. BIOWMB RE-BSZ 7/1 M M IM 114 41
      994 words
    • Advertisement
      Page 30 Advertisements Column 2
      521 30 oua MU DM M* rwi IM I Bmmmm mmmm mm wm 3m m mm mm I ■imcohcsit BMtw n« mm mm mm mm mm mm iMCMCMO IIM> MM MM M Mi Ml tM Tim H |«uo«ccpt> mmmnmm.ww aatw. mmmmmm am mm w»« m I i SOUTH HHOIBWCt *wa WYm M
      521 words
    • Advertisement
      Page 30 Advertisements Column 3
      335 30 ■^^"05E*****u*****5iFn?Ti^^ UTEL *****33 (12 UNES) FAX- *****18/*****03 m TUbmaamMMPpun* CR NO: **********0 C ACCEPTING FCL AND COT VENTIONAL PST-1 wta |u—^ 41WB wto mm wn opboud LIKE FUIX.Y CONTAINERISED REGULAR ACCEPTING BOTH PCI/LCL ALSO ISOtfSOC I »W PUH JS ctbw aaal am~ mm mm ivm um 1 "mm ajm kmmrnmtm
      335 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      1696 31 SB!?^ 1 1* (—~M): mutt Irnkft COS TAR SHIPPING PTE LTD f <"™'L"!tl Mt emmimr (Mum CMMMT m- M «WH O**.*.. cnmnt tntrn tkMtMMqrm-M TMutUMtaSMT CMMIM MHM MP 4MB7M fl^JgSLif. WMmtawi rutntnt m**m*rim<mw rinifTrrrr rrrr-rr ggEfigg J—ottomct fu nun, fu 'tni— nrKBWHni cmui AiaattiM) m* mm nt: n-ammnn f« ir-tunn
      1,696 words
    • Advertisement
      Page 31 Advertisements Column 2
      558 31 I FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT LINE: *****33 (30 UNES) j BARCELONA/SPAIN 23/00 LEHAVRE/FRANCE 25/00 MARSEILLE/FRANCE 29/00 HAMBURG/BREMEN 25/01 GENOA/ITALY 26/00 ANTWERP/BELGIUM 25/00 GOTHENBURG/SCAN 27/00 ROTTERDAM 25/01 AABHUS/COPENHAGEN 27/00 FEUXSTOWE/UK 20/00 LOS ANGELES/WC/IPI 25/00 SYDNEY/MELBOURNE wo» I NEW 2S/0S FR EMANTLE/AD ELAJ 0 E
      558 words
Page thumbnail Page 32
Page thumbnail Page 33
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      747 34 ■■tmr^Mtpiaiaaimgßßlßaß ehzecu—bßSß HP :tn VESSEL VOY 8W JKT [VESSEL I ¥OY I WW PEN I^H ~-:H |VESSEL TvOY 55 BKK WANA BHUM 3868 Wd 23AM St MAX a MAS QUA 8028 Tim |9* PT~ Thy 34/5" HATHA BHUM Tim IIN PT St 28AM SMr lfif Efl_ ffIJL I*L_ *2L MATHU
      747 words
    • Advertisement
      Page 34 Advertisements Column 2
      29 34 ASTRO SHIPPING PTE LTD ACCEPTS Fa AND LCL TO FOR ENQUIRIES PLEASE CALL 220-4045 (8 UNES) FAX: 220-4741 Don't miss Personal Finance 4k Investment in Business Times every Saturday
      29 words
    • Advertisement
      Page 34 Advertisements Column 3
      153 34 "CoSHStonSSTSISSSc Shaping TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU STORE PKL LOAOM6 FOR FIECHA SLO SU) RJMUT/MfT/UK ADRIATICPRESTIGE SU) MPT FUIROT/MTAJK MARMK Tim 3MS OMM FIUROT^NTAJK *LoMti SdilMoHtli CRM). 133CH3MMH CONTIPAC SHIPPING PTE LTD T* I>S MS* Pub 2M7440 ML MULTMORT SON Ml TEL: 3NS2BOS TUCi MA ***** MULTRA PMQ SEACOMTRAMS
      153 words
    • Advertisement
      Page 34 Advertisements Column 4
      665 34 7* ANSON ROAD, (tl-01. SINOAPORE 0207 CN f **********0N «Twr»»wurnj[wvK« PORT KLAHQ PENAHQ Iwr I wa. wwa wr m ra SEA LAUREL 417N 27Q8SUN 2806 MON ORAfiONMAS 46N 23Q6WE0 2SCTFW JSS 2MBMOW 3008 WED XOMSPORE ***** affILMU 2MB SAT fEWASA 50N 28Q6MON 3Q06 WED LHOTSE 50*9 2606 SAT 28X08 MOW
      665 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      441 35 BSfl a mm MYANMA U* FIVE STAR UNE WyHMT Nolioool Um) l»fc| for YaafM (Imni) wsa vor m n rai MPMR 212W SU OJO IW 25/00 EUUTSU MOTS; OOUSTUO fIVTW MOOES S 5 StS!BB m S SSrgftgi^ NIGERIAN NATIONAL Shipping line vessel wr sm usos nw iw u/w THE BANK
      441 words
    • Advertisement
      Page 35 Advertisements Column 2
      786 35 ADVANCE CONTAINER UNES (PTE) LTD Ar* I 140 CacN Stroat, #12-00, PH. BuSdhto. Stnaooara 0106 _Jr\V Lz TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E f^^ ~*w'| w i vo wr I m E jkt Isw lffl\EMMj WTO UM fcol MflE WM JMl—ta_ bwumta MJOU »/ao ziam
      786 words
    • Advertisement
      Page 35 Advertisements Column 3
      716 35 IC» MO: *****5a0000Z veaaa* ym m iehamm hamburq hemmtohi ahr—' WifffMMA ANMT 2MB 12AM 14m IMK 17/08 IMB VXEOUVDRA WOW 3MB 1W 2UOB ***** M*B M \WLLEOEUfRA YKM OMM Ml 1M 3MM 01/10 Otfit DC \ASLA VIOW ttW 0110 06/10 07/10 08/10 OftO ALSO ACCEPTMQ CARQO TO ALL U. K.
      716 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Page 36 Advertisements Column 1
      746 36 AFGHANISTAN MAM Afghanistan Ltd., ■MH Hairatan, Torghundi, Islamqala (Doqharun) mwmamwm c.i.s./russia.- Alma Ata. Ashkhabad, Baku, Dushanbe, I Militzer A Ifcsich Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow. >1 111 Hi nll mrWi in Novosobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Mongolia: Ulaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE ■■■■HiIIEUHIIHI to west
      746 words
    • Advertisement
      Page 36 Advertisements Column 2
      722 36 l A«i«t«: MUritMf I HUM (MUMBUKucwNfttom I «aUs<oM)*Min UAMLA:t»32)<t2Sa*l rsgssgs^ I ASIA HKG/TWN/BKKI GENOA/EUROPE I pcu pki qin haii v RFrnuiiK PEN PK SM 27/8 28/8 29/8 HKG/BKK/KEE/KHH p ur jf ha oen/S holmAhlo 23/8 24/8 2jVB 30/8 31/8 1/9 HKG/BKK/KEE/KHH /Ant/H.m/i »h rm |_J£ w a» 27/8 2M 2918
      722 words
    • Advertisement
      Page 36 Advertisements Column 3
      280 36 SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS VBSa M SM PR PI DON CT ARIAVI72 SID SID SID MPT 25/ OS 02/09 TIN V 123 13/09 22/09 24/09 06/10 12/10 19/10 *Aho calls E.L P.E. MALAYSIA AGENTS: PORT KHANG TG. MAM TEL *****00 TBj *****8 SIM AGOfTS: ROIARMAIAUJ TAMMU TEL *****7
      280 words
Page thumbnail Page 37
  • Page 37 Miscellaneous
    • Miscellaneous
      Page 37 Miscellaneous Column 1
      124 37 REGIONAL WEATHER LEGEND: R Thurxtentorm T«mporatw« c A, V Show«r W«oth«f Wind driclion with sp««d in knots Rain Cloudy Sky Wov *>*ght wwd* or* indicotod by arrow« wfcidi Hy wit* tfw wind y*) Ono M ardo r«pr*»«nts catm or fight and voriabta wind* W On. hatf ftech* r«pr«Mnt* 5 knot*
      124 words
Page thumbnail Page 38